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wtt volume This indicator is based on the chapter Progress in Volume Capacity of WTT. The Fundamentals and Advance of Natural Trading Theory. Progress in volume capacity focuses on the absolute strength or relative strength of the volume capacity of bulls and bears in a single k-bar. The book grades volume capacity as follows: Absolute Strength: Absolute strength of bulls: the bulls win and close, with long lower shadow or long solid body. Absolute strength of bears: the bears win and close, with long upper shadow or long solid body. Relative Strength Relative strength of bulls: long lower shadow much longer than the solid K-bar, even when the bears win; or well-matched solid K-bar and upper shadow when the bulls close. Relative strength of bears: long upper shadow much longer than the solid K-bar, even when the bulls win; or well-matched solid K-bar and lower shadow when the bears close. Crosshairs Frequently found in market shocks or before turning points, to be analyzed on top of the above relative and absolute strength. This indicator colors the volume by the size of volume capacity, dark colors for the strong, light colors for the weak, and grey crosshairs. This is to make it easier for you to draw the curve of volume capacity and feel the contrast of strength between the bulls and the bears. You may therefore have better timing and position for opening and closing a position. The bull-bear strength comparison reflected by a single k-bar helps you better decide the next move within a very short period, which could be opening a position, coming into the position at low, underweighting, or closing a position. 本指标根据《WTT.自然交易理论基础与进阶》量能精进一章编写。 量能精进关注的，是单个K柱中多空双方量能的绝对强势或相对强势。 该书把量能分为以下几个等级： 绝对强势 多头绝对强势：多头获胜收线，带有长下影线或长实心柱体。 空头绝对强势：空头获胜收线，带有长上影线或长实心柱体。 相对强势 多头相对强势：长下影线相对实心K柱长很多，即使是空头获胜收线；或多头收线时实心K柱与上影线旗鼓相当。 空头相对强势：长上影线相对实心K柱长很多，即使是多头获胜收线；或空头收线时实心K柱与下影线旗鼓相当。 十字线 在震荡行情或出现拐点前出现频率较高，可结合上述相对强势和绝对强势进行综合判断。 本指标根据量能强弱对交易量进行染色，强势为深色，弱势为浅色，灰色为十字线，方便你手绘量能曲线，感受多空量能强弱。能给你提供更优的开平仓时机和点位。通过单个k柱形态反映出来的多空强弱关系，你可以更好地执行下一个极短周期内的操作，可能是开仓，也可能是补仓、减仓或平仓。
Indicatore Pine Script®
di bf30075
2
BTC Markup/Markdown Zones by Koenigsegg📈 BTC Markup/Markdown Zones A handcrafted indicator designed to mark Bitcoin's most critical High Time Frame (HTF) structure shifts. This tool overlays true institutional-level Markup and Markdown Zones, selected manually after deep market review. Whether you're testing strategies or actively trading, this tool gives you the bigger picture at all times. 🔍 Key Features: ✅ HTF Markup & Markdown Zones Every zone is manually selected — no indicators, no repainting. Just raw market history and real structure. ✅ Two Display Modes • Background Zones — soft overlays with low opacity for visual context — with the option to increase opacity manually if desired. • Start Candle Highlight — sharply highlighted candle marking the final pivot before a macro reversal. ✅ Custom Color Controls (Style Tab) All visual styling lives in the Style tab, with clearly labeled fields: • Markup Zone • Markdown Zone • Start Candle Highlight Markup • Start Candle Highlight Markdown ✅ Minimal Input Section Just one toggle: display mode. Everything else is kept clean and intuitive. 🧠 Purpose: This script is made for any timeframe: • Zoom into lower timeframes to know whether you're trading inside a Markup or Markdown • Use it during strategy testing for true structural awareness 📅 Handpicked Macro Turning Points: Each zone originates from a manually confirmed candle — the last meaningful candle before a shift in control between bulls and bears: • FRI 19 AUG 2011 12PM – MARK DOWN • THU 20 OCT 2011 12AM – MARK UP • WED 10 APR 2013 12PM – MARK DOWN • FRI 12 APR 2013 12PM – MARK UP • SAT 30 NOV 2013 12AM – MARK DOWN • WED 14 JAN 2015 12PM – MARK UP • SUN 17 DEC 2017 12PM – MARK DOWN • SAT 15 DEC 2018 12PM – MARK UP • WED 14 APR 2021 4AM – MARK DOWN • TUE 22 JUN 2021 12PM – MARK UP • WED 10 NOV 2021 12PM – MARK DOWN • MON 21 NOV 2022 8PM – MARK UP • THU 14 MAR 2024 4AM – MARK DOWN • MON 5 AUG 2024 12PM – MARK UP • MON 20 JAN 2025 4AM – MARK DOWN 💡 Zones are manually updated by me after each new confirmed Markup or Markdown. 🧬 Fractal Structure for MTF Systems Price is fractal — meaning the same principles of structure repeat across all timeframes. In Version 2, this tool evolves by introducing manually selected sub-zones inside each High Time Frame (HTF) Markup or Markdown. These sub-zones reflect Medium Timeframe (MTF) structure shifts, offering precision for traders who operate on both intraday and swing levels. This makes the indicator ideal for low timeframe (LTF) Markup/Markdown awareness — whether you're managing 15m entries or building multi-timeframe confluence systems. No auto-zones. No guesswork. Just clean, intentional structure division within the broader trend, handpicked for maximum clarity and edge. 💡 Pro Tip: When price is inside a Markup Zone, shorting becomes riskier — you're trading against a macro bullish structure. When inside a Markdown Zone, longing becomes riskier — you're fighting against confirmed bearish momentum. Use this tool to stay aligned with the broader move, especially when zoomed into smaller timeframes or managing entries/exits during intraday setups. 📈 Markup Phase – Bullish Sentiment Definition: A period where price makes higher highs and higher lows — the uptrend is in full force. Why sentiment is bullish: - Institutions and smart money are already positioned long. - Public/institutional demand drives prices up. - Momentum is supported by positive news, breakouts, and FOMO. - Higher highs confirm buyers are in control. 📉 Markdown Phase – Bearish Sentiment Definition: A period where price makes lower lows and lower highs — clear downtrend. Why sentiment is bearish: - Distribution has already occurred, and supply outweighs demand. - Smart money is short or sidelined, waiting for deeper prices. - Panic selling or trend-following traders add downside momentum. - Lower lows confirm sellers are in control. ❌ Trading Against the Trend — Consequences: -Reduced Probability of Success -You’re fighting the dominant flow. Most participants are pushing in the opposite direction. -Drawdowns & Stop-Outs -Countertrend trades often get wicked or flushed before any meaningful move, especially without structure-based entries. -Low Risk-Reward Ratio -Trends offer sustained moves. Countertrend trades may have small take-profit zones or chop. -Mental Drain & Doubt -Fighting momentum causes anxiety, second-guessing, and emotional reactions. -Missed Opportunities -Focusing on fighting the trend makes you blind to the high-probability setups with the trend. -Increased Transaction Costs -More stop-outs and re-entries mean more fees, more friction. -FOMO from Watching the Trend Run -Entering countertrend means you might watch the trend explode without you. -Confirmation Bias & Stubbornness -Countertrend traders often look for reasons to justify staying in the wrong direction — leading to bigger losses. 🧠 Summary In markup = bulls dominate → you swim with the current. In markdown = bears dominate → going long is like pushing a rock uphill. Trading with the trend is not just safer, it's smarter. The edge lives in momentum — not ego. ⚠️ Disclaimer This indicator is for educational and analytical use only. It is not financial advice and should not be relied on for decision-making without personal analysis. This is not a predictive tool. No indicator can forecast upcoming price movements. What you see here is based purely on past market behavior — specifically, historical tops and bottoms that marked the start of confirmed reversals. This script does not know where the next reversal begins, nor can it determine where a new Markup or Markdown starts or ends. It is designed to provide context, not prediction. Always trade with responsibility and perform your own due diligence.
Indicatore Pine Script®
di CryptoPandaTA
Turbo Oscillator [RunRox]Introducing Turbo Oscillator by RunRox, our new indicator that combines a multitude of useful and unique features, which we will detail in this post. List of Advanced Technologies: Real-Time Divergences: Detects discrepancies between price movements and oscillator indicators to forecast potential price reversals. Real-Time Hidden Divergences: We identify hidden divergences in real-time. These are not the standard type of divergences; they are opposite to regular divergences, providing unique insights into potential market movements. Overbought and Oversold Zones: Identifies areas where the market is potentially overextended, suggesting possible entry and exit points. Signal Line: Indicates the market direction, helping traders to quickly understand current trends. Money Flow Histogram: Shows the flow of money into and out of the market, providing insights into buying and selling pressure. Predicted Reversal Zones: Pinpoints areas where the market might experience reversals, aiding in strategic planning and risk management. These zones also serve as potential areas for taking profits, enhancing their utility for exit strategy planning. Customizable Alerts: You can flexibly set up alerts for any events detected by our indicator, ensuring you stay informed about critical market movements. To begin with, I would like to describe the difference between classic divergences and hidden divergences. As you can see, these are opposite situations. Our oscillator identifies both types of divergences and displays them in real-time. Divergences can serve as points where the price might reverse in the opposite direction, making both classic and hidden divergences powerful tools for spotting reversal points. I'll show a few examples of how divergences are used in our oscillator. Classic Divergences - which we identify in real-time. As you can see, the price often reacts strongly to the formation of these divergences, frequently changing its direction. Hidden Divergences - we also observe frequent movement in the opposite direction on the chart. The advantage of our indicator is that we show divergences in real-time without delays, allowing you to react immediately to trend changes. Overbought and Oversold Zones - These zones allow you to see trend changes when the price is clearly overbought or oversold. When the color changes from a contrasting shade to a neutral one, you can observe the trend shift. The lines work by combining the positivity/negativity of the histogram, the positivity/negativity of the signal line, and the direction of the signal line (red/green). This sophisticated interaction provides precise insights into market conditions, making it an invaluable tool for traders. Signal Line - This provides insights into trend changes and price reversals. The points on the line better indicate the beginning of a trend shift. These points can vary in size, offering a clearer understanding of the strength of the emerging trend. This feature works in combination with RSI, Stochastic, and MFI. RSI and MFI are top-tier indicators, while Stochastic adds responsiveness and sensitivity to trend changes, ensuring you capture every market movement accurately and promptly. Money Flow Histogram - As shown in the example, our histogram displays the divergence between money flow and the actual price. You can see that while the price is rising, the money flow is decreasing, indicating insufficient demand for the asset and an imminent trend change. This feature uses MFI with an extended period, providing a more comprehensive and accurate analysis of market conditions. The extended period enhances the reliability of the Money Flow Index, making it an essential tool for identifying subtle shifts in market dynamics. Predicted Reversal Zones - We automatically identify potential price reversal zones and display them above our overbought and oversold zones. In cases of strong overbought or oversold conditions, we detect potential price pullbacks and mark the beginning of a trend change. This helps you better identify trend shifts. We recommend considering these zones as potential take profit points for your trades. Customizable Alerts - Our flexible alert system allows you to receive notifications only for the events you are interested in. These can include: 1. Classic Divergences 2. Hidden Divergences 3. Overbought or Oversold conditions on the status line 4. Strong Overbought or Oversold conditions on the status line 5. Signals from the signal line 6. Reversal zones in any direction Our oscillator is a unique indicator that provides a comprehensive understanding of price movements. It can be used as a standalone tool for analyzing price action. Here are a few examples of using our Oscillator in practice: In the example above, you can see three conditions that have formed for a potential trade: 1. Clear overbought condition with a formed reversal point. 2. Decreasing Money Flow Index diverging from the rising price. 3. Formed classic divergence. The entry point could be the formed divergence, while the exit point could be the overbought condition at the bottom of the oscillator along with the reversal points. Here's another example of using hidden divergence, where you can see three conditions for a potential trade: 1. Overbought zone 2. Formed hidden divergence 3. Start of bearish movement indicated by the signal line You can enter the trade either when the hidden divergence forms or wait for confirmation of the trend change by the signal line and enter the trade when the corresponding signal forms on the signal line. The exit point could be the opposite reversal point or the formation of a new hidden divergence. We have demonstrated a few examples of how you can use our indicator, but we are confident that you will find many more applications in your own strategies. Oscillator offers a variety of customizable parameters to tailor the indicator to your trading preferences. Here’s what our settings include: Signal Line Turn On/Off: Enable or disable the signal line. Length: Set the length period for the signal line calculation. Smooth: Adjust the smoothing level of the signal line for more accurate display. Histogram Turn On/Off: Enable or disable the histogram. Length: Set the length period for the histogram calculation. Smooth: Adjust the smoothing level of the histogram. Other Show Divergence Line: Display divergence lines on the chart. Show Hidden Divergence: Display hidden divergences. Show Status Line: Show the status line indicating overbought or oversold conditions. Show TP Signal: Display signals for take profit. Show Reversal Points: Display potential trend reversal points. Delete Broken Divergence Lines: Remove broken divergence lines from the chart. Alerts Customization Signal Line Bull/Bear: Set alerts for bullish or bearish signals from the signal line. TP Bull/Bear: Set alerts for take profit signals. Status Bull/Bear: Set alerts for bullish or bearish status conditions. Status Bull+/Bear+: Set enhanced alerts for stronger bullish or bearish status conditions. Divergence Bull/Bear: Set alerts for bullish or bearish divergences. Hidden Divergence Bull/Bear: Set alerts for hidden bullish or bearish divergences. With these comprehensive settings, you can fine-tune the Oscillator to perfectly fit your trading strategy and preferences. Our indicator utilizes technologies such as RSI, Stochastic, and Money Flow Index, with numerous enhancements from our team. It includes exclusive features such as real-time detection of hidden and classic divergences, identification of reversal points using our unique methodology, and much more. Disclaimer: While we consider our Turbo Oscillator to be an excellent tool, it is important to understand that past performance is not indicative of future results. We recommend approaching market analysis comprehensively, using a combination of tools and techniques to make well-informed trading decisions. Always consider the full range of market data and risks when using any trading indicator.
Indicatore Pine Script®
di RunRox
13
Defensive Nexus ShieldIndicator: Defensive Nexus Shield , capturing profits in the breakout trend. Defensive Nexus Shield is a trend signal and support resistance display. Identify the short-term bullish and bearish defensive area through the effective extreme value of bulls and bears, and trigger trading opportunities when there are characteristics of breaking through the defensive area. Usage： Signal direction: "B" means that the bulls attacked and the bears failed, and entered a bullish trend. "S" means that the bears attacked and the bulls failed, entering a bearish trend. Defense point of bulls and bears: "Blue line" represents the bearish defense line. The "green line" represents the bullish defensive line. The "purple line" represents the junction of bulls and bears. Tip I： Trend signal. When the signal "B" appears, it means that the bulls are attacking, and the market is bullish. Please refer to the signal for corresponding operations. Tip II： Breakout signal. After the trend signal appears, if the trend is confirmed, it will continue to enter the breakthrough signal. Take the bull signal as an example. When B appears, the price continues to rise and breaks through the blue line, the bearish defense line, which triggers the bullish breakthrough signal. At this time, the bulls will strengthen. Provide signal reference for traders who do short-term breakthrough transactions. *The signals in the indicators are for reference only and not intended as investment advice. Past performance of a strategy is not indicative of future earnings results. Update - 2023.09.05 Optimize the alarm function. If you need to monitor the "B" or "S" signal, when creating an alarm, set the condition bar to: Defensive Nexus Shield --> "B" or "S" --> Crossing Up --> value -> 0.5
Indicatore Pine Script®
di sypool-AI-TradeGenius
1
Multiple (12) Strong Buy/Sell Signals + Momentum Indicator Manual: "Multiple (12) Strong Buy/Sell Signals + Momentum" This indicator is designed to identify strong buy and sell signals based on 12 configurable conditions, which include a variety of technical analysis methods such as trend-following indicators, pattern recognition, volume analysis, and momentum oscillators. It allows for customizable alerts and visual cues on the chart. The indicator helps traders spot potential entry and exit points by displaying buy and sell signals based on the selected conditions. Key Observations: • The script integrates multiple indicators and pattern recognition methods to provide comprehensive buy/sell signals. • Trend-based indicators like EMAs and MACD are combined with pattern recognition (flags, triangles) and momentum-based signals (RSI, ADX, and volume analysis). • User customization is a core feature, allowing adjustments to the conditions and thresholds for more tailored signals. • The script is designed to be responsive to market conditions, with multiple conditions filtering out noise to generate reliable signals. ________________________________________ Key Features: 1. 12 Combined Buy/Sell Signal Conditions: This indicator incorporates a diverse set of conditions based on trend analysis, momentum, and price patterns. 2. Minimum Conditions Input: You can adjust the threshold of conditions that need to be met for the buy/sell signals to appear. 3. Alert Customization: Set alert thresholds for both buy and sell signals. 4. Dynamic Visualization: Buy and sell signals are shown as triangles on the chart, with momentum signals highlighted as circles. ________________________________________ Detailed Description of the 12 Conditions: 1. Exponential Moving Averages (EMA): o Conditions: The indicator uses EMAs with periods 3, 8, and 13 for quick trend-following signals. o Bullish Signal: EMA3 > EMA8 > EMA13 (Bullish stack). o Bearish Signal: EMA3 < EMA8 < EMA13 (Bearish stack). o Reversal Signal: The crossing over or under of these EMAs can signify trend reversals. 2. MACD (Moving Average Convergence Divergence): o Fast MACD (2, 7, 3) is used to confirm trends quickly. o Bullish Signal: When the MACD line crosses above the signal line. o Bearish Signal: When the MACD line crosses below the signal line. 3. Donchian Channel: o Tracks the highest high and lowest low over a given period (default 20). o Breakout Signal: Price breaking above the upper band is bullish; breaking below the lower band is bearish. 4. VWAP (Volume-Weighted Average Price): o Above VWAP: Bullish condition (price above VWAP). o Below VWAP: Bearish condition (price below VWAP). 5. EMA Stacking & Reversal: o Tracks the order of EMAs (3, 8, 13) to confirm strong trends and reversals. o Bullish Reversal: EMA3 < EMA8 < EMA13 followed by a crossing to bullish. o Bearish Reversal: EMA3 > EMA8 > EMA13 followed by a crossing to bearish. 6. Bull/Bear Flags: o Bull Flag: Characterized by a strong price movement (flagpole) followed by a pullback and breakout. o Bear Flag: Similar to Bull Flag but in the opposite direction. 7. Triangle Patterns (Ascending and Descending): o Detects ascending and descending triangles using pivot highs and lows. o Ascending Triangle: Higher lows and flat resistance. o Descending Triangle: Lower highs and flat support. 8. Volume Sensitivity: o Identifies price moves with significant volume increases. o High Volume: When current volume is significantly above the moving average volume (set to 1.2x of the average). 9. Momentum Indicators: o RSI (Relative Strength Index): Confirms overbought and oversold levels with thresholds set at 65 (overbought) and 35 (oversold). o ADX (Average Directional Index): Confirms strong trends when ADX > 28. o Momentum Up: Momentum is upward with strong volume and bullish RSI/ADX conditions. o Momentum Down: Momentum is downward with strong volume and bearish RSI/ADX conditions. 10. Bollinger & Keltner Squeeze: o Squeeze Condition: A contraction in both Bollinger Bands and Keltner Channels indicates low volatility, signaling a potential breakout. o Squeeze Breakout: Price breaking above or below the squeeze bands. 11. 3 Consecutive Candles Condition: o Bullish: Price rises for three consecutive candles with higher highs and lows. o Bearish: Price falls for three consecutive candles with lower highs and lows. 12. Williams %R and Stochastic RSI: o Williams %R: A momentum oscillator with signals when the line crosses certain levels. o Stochastic RSI: Provides overbought/oversold levels with smoother signals. o Combined Signals: You can choose whether to require both WPR and StochRSI to signal a buy/sell. ________________________________________ User Inputs (Inputs Tab): 1. Minimum Conditions for Buy/Sell: o min_conditions: Number of conditions required to trigger a buy/sell signal on the chart (1 to 12). o Alert_min_conditions: User-defined alert threshold (how many conditions must be met before an alert is triggered). 2. Donchian Channel Settings: o Show Donchian: Toggle visibility of the Donchian channel. o Donchian Length: The length of the Donchian Channel (default 20). 3. Bull/Bear Flag Settings: o Bull Flag Flagpole Strength: ATR multiplier to define the strength of the flagpole. o Bull Flag Pullback Length: Length of pullback for the bull flag pattern. o Bull Flag EMA Length: EMA length used to confirm trend during bull flag pattern. Similar settings exist for Bear Flag patterns. 4. Momentum Indicators: o RSI Length: Period for calculating the RSI (default 9). o RSI Overbought: Overbought threshold for the RSI (default 65). o RSI Oversold: Oversold threshold for the RSI (default 35). 5. Bollinger/Keltner Squeeze Settings: o Squeeze Width Threshold: The maximum width of the Bollinger and Keltner Bands for squeeze conditions. 6. Stochastic RSI Settings: o Stochastic RSI Length: The period for calculating the Stochastic RSI. 7. WPR Settings: o WPR Length: Period for calculating Williams %R (default 14). ________________________________________ User Inputs (Style Tab): 1. Signal Plotting: o Control the display and colors of the buy/sell signals, momentum indicators, and pattern signals on the chart. o Buy/Sell Signals: Can be customized with different colors and shapes (triangle up for buys, triangle down for sells). o Momentum Signals: Custom circle placement for momentum-up or momentum-down signals. 2. Donchian Channel: o Show Donchian: Toggle visibility of the Donchian upper, lower, and middle bands. o Band Colors: Choose the color for each band (upper, lower, middle). ________________________________________ How to Use the Indicator: 1. Adjust Minimum Conditions: Set the minimum number of conditions that must be met for a signal to appear. For example, set it to 5 if you want only stronger signals. 2. Set Alert Threshold: Define the number of conditions needed to trigger an alert. This can be different from the minimum conditions for visual signals. 3. Customize Appearance: Modify the colors and styles of the signals to match your preferences. ________________________________________ Conclusion: This comprehensive trading indicator uses a combination of trend-following, pattern recognition, and momentum-based conditions to help you spot potential buy and sell opportunities. By adjusting the input settings, you can fine-tune it to match your specific trading strategy, making it a versatile tool for different market conditions. Signal Reliability Based on Condition Count The reliability of the buy/sell signals increases as more conditions are met. Here's a breakdown of the probabilities: 1. 1-3 Conditions Met: Lower Probability o Signals that meet only 1-3 conditions tend to have lower reliability and are considered less probable. These signals may represent false positives or weaker market movements, and traders should approach them with caution. 2. 4 Conditions Met: More Reliable Signal o When 4 conditions are met, the signal becomes more reliable. This indicates that multiple indicators or market patterns are aligning, increasing the likelihood of a valid buy/sell opportunity. While not foolproof, it's a stronger indication that the market may be moving in a particular direction. 3. 5-6 Conditions Met: Strong Signal o A signal meeting 5-6 conditions is considered a strong signal. This indicates a well-confirmed move, with several technical indicators and market factors aligning to suggest a higher probability of success. These are the signals that traders often prioritize. 4. 7+ Conditions Met: Rare and High-Confidence Signal o Signals that meet 7 or more conditions are rare and should be considered high-confidence signals. These represent a significant alignment of multiple factors, and while they are less frequent, they are highly reliable when they do occur. Traders can be more confident in acting on these signals, but they should still monitor market conditions for confirmation. ________________________________________ You can adjust the number of conditions as needed, but this breakdown should give a clear structure on how the signal strength correlates with the number of conditions met!
Indicatore Pine Script®
di LouisMont
1
Uptrick: Oscillator SpectrumUptrick: Oscillator Spectrum is a versatile trading tool designed to bring together multiple aspects of technical analysis—oscillators, momentum signals, divergence checks, correlation insights, and more—into one script. It includes customizable overlays and alert conditions intended to address a wide range of market conditions and trading styles. Developed in Pine Script™, Uptrick: Oscillator Spectrum represents an extended version of the classic Ultimate Oscillator concept. It consolidates short-, medium-, and long-term momentum readings, applies correlation analysis across different symbols, and offers optional table-based metrics to provide traders with a more structured overview of potential trade setups. Whether used alongside your existing charts or as a standalone toolkit, it aims to build on and enhance the functionality of the standard Ultimate Oscillator. ### A Few Key Features - Momentum Insights: Multiple timeframes for oscillators, plus buy/sell signal modes for flexible identification of overbought/oversold situations or crossovers. - Divergence Detection: Automated checks for bullish/bearish divergences, aiming to help traders spot potential shifts in momentum. - Correlation Meter: A visual histogram summarizing how selected assets are collectively trending. It is useful for tracking the bigger market picture. - Gradient Overlays & Bar Coloring: Dynamic color transitions designed to emphasize changes in momentum, trend shifts, and overall sentiment without cluttering the chart. - Money Flow Tracker: Tracks the flow of money into and out of the market using a smoothed Money Flow Index (MFI). Highlights overbought/oversold conditions with dynamic bar coloring and visual gradient fills, helping traders assess volume-driven sentiment shifts. - Advanced Table Metrics: An optional table showing return on investment (ROI), collateral risk, and other contextual metrics for supported assets. - Alerts & Automation: Configurable alerts covering divergence events, crossing of critical levels, and more, helping to keep traders informed of developments in real time. ### Intended Usage - For Multiple Markets: Works on various markets (cryptocurrencies, forex pairs, stocks) to deliver a consistent view of momentum, potential entry/exit signals, and correlation. - Adaptable Trading Styles: With customizable input settings, you can enable or disable specific features to align with your preferred strategies—intraday scalping, swing trading, or position holding. By combining these elements under one indicator, Uptrick: Oscillator Spectrum allows traders to streamline analysis workflows, helping them stay focused on interpreting market moves and making informed decisions rather than juggling multiple scripts. Purpose Purpose of the “Uptrick: Oscillator Spectrum” Indicator The “Uptrick: Oscillator Spectrum” indicator is intended to bring together several technical analysis elements into one tool. It combines oscillator-based momentum readings across different lookback periods, checks for potential divergences, provides optional buy/sell signal triggers, and offers correlation-based insights across multiple symbols. Additionally, it includes features such as bar coloring, gradient visualization, and user-configurable alerts to help highlight various market conditions. By consolidating these functions, the script aims to help users systematically observe changing momentum, identify when prices reach user-defined overbought or oversold levels, detect when oscillator movements diverge from price, and examine whether different assets are aligning or diverging in their trends. The indicator also allows for optional advanced metric tables, which can supply further context on risk, ROI calculations, or other factors for supported assets. Overall, the script’s purpose is to organize multiple layers of technical analysis so that users have a structured way to evaluate potential trade opportunities and market behavior. ## Usage Guide Below is an outline of how you can utilize the various components and features of Uptrick: Oscillator Spectrum in your charting workflow. --- ### 1. Using the Core Oscillator - Basic View: By default, the script calculates a multi-timeframe oscillator (commonly displayed as the “Ultimate Oscillator”). This oscillator combines short-, medium-, and long-term measurements of buying pressure and true range. - Overbought/Oversold Zones: You can configure thresholds (e.g., 70 for overbought, 30 for oversold) to help identify potential turning points. When the oscillator crosses these levels, it may indicate that price is extended in one direction. - You can use the colors of the main oscillator to help you take short-term trades as well: cyan : Buy , red: Sell - Alerts: If you enable alerts, the indicator can notify you when the oscillator crosses above or below your chosen overbought/oversold boundaries or when you get buy/sell signals. --- ### 2. Buy/Sell Signals in Overlay Modes Uptrick: Oscillator Spectrum provides several signal modes and a choice between overlay true and overlay false or both. Additionally, you can pick which “line” (data source) the script uses to generate signals. This is set in the “Line to Analyze” dropdown, which includes Oscillator, HMA of Oscillator, and Moving Average. The following sections describe how each piece fits together. --- #### Line to Analyze - Overlay Flase: Oscillator / HMA of Oscillator / Moving Average 1. Oscillator - The core momentum reading, reflecting short-, medium-, and long-term periods combined. 2. HMA of Oscillator - Applies a Hull Moving Average to the oscillator, creating a smoother but still responsive curve. - Signals will be derived from this smoothed line. Some traders find it filters out minor fluctuations while remaining quicker to react than standard averages. 3. Moving Average - Uses a user-selected MA type (SMA, EMA, WMA, etc.) over the oscillator values, rather than the raw oscillator itself. - Tends to be more stable than the raw oscillator, but might delay signals more depending on the chosen MA settings. --- #### Signal Modes Regardless of which line you choose to analyze, you can use one of the following seven signal modes in overlay being true: 1. Overbought/Oversold (Pyramiding) - What It Does: - Buy signal when the chosen line crosses below the oversold threshold. - Sell signal when it crosses above the overbought threshold. - Pyramiding: - Allows multiple triggers within the same overbought/oversold event. 2. Overbought/Oversold (Non Pyramiding) - What It Does: - Same thresholds but only one signal per oversold or overbought event. - Use Case: - Prevents repeated signals and chart clutter. 3. Smoothed MA Middle Crossover - What It Does: - Uses an MA defined by the user. - Buy when crossing above the midpoint (50), Sell when crossing below. - Use Case: - Generates fewer signals, focusing on broader momentum shifts. There is no pyramiding. In this image ,for example, the VWMA is used with length of 14 to identify buy sell signals. 4. Crossing Above Overbought/Below Oversold (Non Pyramiding) - What It Does: - Buy occurs if the line exits oversold territory by crossing back above it. - Sell occurs if the line exits overbought territory by crossing back below it. - Non Pyramiding: - Restricts repeated signals until conditions reset. 5. Crossing Above Overbought/Below Oversold (Pyramiding) - What It Does: - Same thresholds, but allows multiple signals if the line repeatedly dips in and out of overbought or oversold. - Use Case: - More frequent entries/exits for active traders. 6. Divergence (Non Pyramiding) - What It Does: - Identifies bullish or bearish divergences using the chosen line vs. price. - Buy for bullish divergence (higher low on the line vs. lower low on price), Sell for bearish divergence. - Single Trigger: - Only one signal per identified divergence event. (non pyramiding) 7. Divergence (Pyramiding) - What It Does: - Same divergence logic but triggers multiple times if the script sees repeated divergence in the same direction. - Use Case: - Could suit traders who layer positions during sustained divergence scenarios. #### Overlay Modes: True vs. False 1. Overlay True - Buy/sell arrows or labels plot directly on the main price chart, often at or near candlesticks. - Bar Coloring: - Can turn the candlestick bars green (buy) or red (sell), with intensity reflecting signal recency if bar coloring is enabled for this mode. (read below.) - Advantage: - Everything (price, signals, bar colors) is in one spot, making it straightforward to associate signals with current market action. You can adjust the periods of the main oscillator or lookback periods of divergences or overbought/oversold thresholds, to play around with your signals. 2. Overlay False - Signal Placement: - Signals appear in a sub-window or oscillator panel, leaving the main price chart uncluttered. - Bar Coloring: - You may still enable bar colors on the main chart (green for buy, red for sell) if desired. - Alternatively, you can keep them neutral if you prefer a completely separate display of signals. - Advantage: - Clear separation of price action from signals, useful for cleaner charts or if using multiple overlay-based tools. At the bottom are the signals for overlay being false and on the chart are the signals for overlay being true: #### Bar Color Adjustments 1. Coloring Logic - Bars typically go green on buy signals, red on sell signals. - The opacity or brightness can vary to indicate signal freshness. When a new signal is formed, the color gets brighter. When there is no signal for a longer period of time, then the color slowly fades. 2. Enabling Bar Coloring - In the indicator’s settings, turn on Bar Coloring. - Choose “Signals Overlay True” or “Signals Overlay False” from the “Color should depend on:” dropdown, depending on which overlay approach you want to drive your bar colors. You can also chose the cloud fill in overlay false, correlation meter and smoothed HMA to color bars. Read more below: ### Bar Color Options: When you enable bar coloring in Uptrick: Oscillator Spectrum, you can select which component or signal logic drives the color changes. Below are the five available choices: --- #### Option 1: Overlay True Signals - What It Does: - Uses signals generated under the Overlay True mode to color the bars on your main chart. - If a buy signal is triggered, bars turn green. If a sell signal occurs, bars turn red. - Color Intensity: - Bars appear brighter (more opaque) immediately after a new signal fires, then gradually fade over subsequent bars if no new signal appears. --- #### Option 2: Overlay False Signals - What It Does: - Links bar coloring to signals generated when Overlay False mode is active. - Buy/sell labels typically plot in a separate sub-window instead of the main chart, but your price bars can still change color based on these signals. - Color Intensity: - Similar to Overlay True, new buy/sell signals yield stronger color intensity, which fades over time. - Use Case: - Helps maintain a clean main chart (with signals off-chart) while still providing an immediate color-coded indication of a buy or sell state. - Particularly useful if you prefer less clutter from signal markers on your price chart yet still want a visual representation of signal timing. In this example normal divergence Pyramiding Signals are used in the overlay being true and the signals in overlay false are signals that analyze the HMA. This can help clear out noise (using a combo of both). Option 3: Money Flow Tracker What It Does: The Money Flow Tracker uses the Money Flow Index (MFI), a volume-weighted oscillator, to measure the strength of money flowing into or out of an asset. The script smooths the raw MFI data using an EMA for a more responsive and visually intuitive output. The feature also includes dynamic color gradients and bar coloring that highlight whether money flow is positive or negative. Green Fill/Bar Color: Indicates positive money flow, suggesting potential accumulation. Red Fill/Bar Color: Indicates negative money flow, signaling potential distribution. Overbought and oversold thresholds are dynamically emphasized with transparency, making it easier to identify high-confidence zones. Use Case: Ideal for traders focusing on volume-driven sentiment to identify turning points or confirm existing trends. Suitable for assessing broader market conditions when used alongside other indicators like oscillators or correlation analysis. Provides additional clarity in spotting areas of accumulation or distribution, making it a valuable complement to price action and momentum studies. --- #### Option 4: Correlation Meter - What It Does: - Colors the bars based on the indicator’s Correlation Meter output. The script checks multiple chosen tickers and sums up how many are trending positively or negatively. - If the meter indicates an overall bullish bias (e.g., more than three assets in uptrend), bars turn green; if it’s bearish, bars turn red. - Trend Readings: - The correlation meter typically plots a histogram of bullish/neutral/bearish states. The bar color option links your chart’s candlestick coloring to that higher-level market sentiment. - Use Case: - Useful for traders wanting a quick visual prompt of whether the broader market (or a selection of related assets) is bullish or bearish at any given time. - Helps avoid signals that conflict with the market majority. #### Option 5: Smoothed HMA - What It Does: - Bar colors are driven by the slope or state of the Hull Moving Average (HMA) of the oscillator, rather than individual buy/sell triggers or correlation data. - If the HMA indicates a strong upward slope (possibly darkening), bars may turn green; if the slope is downward (purple in the HMA line), bars turn red. - Use Case: - Ideal for those who focus on momentum continuity rather than discrete signals like overbought/oversold or divergence. - May help identify smoother, more sustained moves, as the HMA filters out minor oscillations. --- ### 3. Using the Hull Moving Average (HMA) of the Oscillator - HMA Calculation: You can enable a dedicated Hull Moving Average (HMA) for the oscillator. This creates a smoother line of the same underlying momentum reading, typically responding more quickly than classic moving averages. - Color Intensity: As the HMA sustains an uptrend or downtrend, the script can adjust the line’s color. When slope momentum persists in one direction, the color appears more opaque. This intensification can hint that the existing direction may be well-established. - Reversal Potential: If you observe the HMA color shifting or darkening after multiple bars of slope in the same direction, it may indicate increasing momentum. Conversely, a sudden flattening or change in color can be a clue that momentum is waning. --- ### 4. Moving Average Overlays & Gradient Cloud - Oscillator MA: The script allows you to apply moving average types (SMA, EMA, SMMA, WMA, or VWMA) to the core oscillator, rather than to price. This can smooth out noise in the oscillator, potentially highlighting more consistent momentum shifts. - Gradient Cloud: You can also enable a cloud in overlay true between two moving averages (for instance, a Hull MA and a Double EMA) on the price chart. The cloud fills with different colors, depending on which MA is above the other. This can provide a quick visual reference to bullish or bearish areas. --- ### 5. Divergence Detection - Bullish & Bearish Divergence: By toggling “Calculate Divergence,” the script looks for oscillator pivots that contrast with price pivots (e.g., price making a lower low while the oscillator makes a higher low). - A divergence is when the price makes an opposite pivot to the indicator value. E.g. Price makes lower low but indicator does higher low - This suggests a bullish divergence. THe opposite is for a bearish divergence. - Visual Labels: When a divergence is found, labels (such as “Bull” or “Bear”) appear on the oscillator. This helps you see if the oscillator’s momentum patterns differ from the price movement. - Filtering Signals: You can combine divergence signals with other features like overbought/oversold or the HMA slope to refine potential entries or exits. --- ### 6. Correlation & Multi-Ticker Analysis - Correlation Meter: You can select up to five tickers in the settings. The script calculates a slope-based metric for each, then combines those metrics to show an overall bullish or bearish tendency (displayed as a histogram). - Bar Coloring & Overlay: If you activate correlation-based bar coloring, it will reflect the broader trend alignment among the selected assets, potentially indicating when most are trending in the same direction. - Use Case: If you trade multiple markets, the correlation histogram can help you quickly see if several major assets support the same market bias or are diverging from one another. — ### 7. Money Flow Tracker Money Flow Calculation: The Money Flow Tracker calculates the Money Flow Index (MFI) based on price and volume data, factoring in buying pressure and selling pressure. The output is smoothed using a low-lag EMA to reduce noise and enhance usability. Visual Features: Dynamic Gradient Fill: The space between the smoothed MFI line and the midline (set at 50) is filled with a gradient. Above 50: Green gradient, with intensity increasing as the MFI moves further above the midline. Below 50: Red gradient, with intensity increasing as the MFI moves further below the midline. This gradient provides a clear visual representation of money flow strength and direction, making it easier to assess sentiment shifts at a glance. Overbought/Oversold Levels: Default thresholds are set at 70 (overbought) and 30 (oversold). When the MFI crosses these levels, it signals potential reversals or trend continuations. Bar Coloring: Bars turn green for positive money flow and red for negative money flow. Color intensity fades over time, ensuring recent signals stand out while older ones remain visible without dominating the chart. Alerts: Alerts are triggered when the Money Flow Tracker crosses into overbought or oversold zones, keeping traders informed of critical conditions without constant monitoring. Practical Applications: Trend Confirmation: Use the Money Flow Tracker alongside the oscillator or HMA to confirm trends or identify potential reversals. Volume-Based Reversal Signals: Spot turning points where price action aligns with shifts in money flow direction. Sentiment Analysis: Gauge whether market participants are accumulating (positive flow) or distributing (negative flow) assets, offering an additional layer of insight into price movement. (Space for an example chart: “Money Flow Tracker with gradient fills and overbought/oversold levels”) ### 8. Putting It All Together - Combining Signals: A practical approach might be to watch for a bullish divergence in the oscillator, confirm it with a shift in the HMA slope color, and then wait for the price to be near or below oversold conditions. The correlation histogram may further confirm if the broader market is also leaning bullish at that time. - Visual Cues: Bar coloring adds another layer, making your chart easier to interpret at a glance. You can also set alerts to ensure you don’t miss key events like divergences, crossovers, or moving average flips. - Flexibility: Not every feature needs to be used simultaneously. You might opt to focus on divergences and overbought/oversold signals, or you could emphasize the correlation histogram and bar colors. The settings let you enable or disable each module to suit your style. --- ### 9. Tips for Customization - Adjust Periods: Shorter periods can yield more signals but also more noise. Longer periods may provide steadier, but fewer, signals. - Set Appropriate Alert Conditions: Only alert on events most relevant to your strategy to avoid overload. - Explore Different MAs: Depending on the instrument, some moving average types may give a smoother or more responsive indication. - Monitor Risk Management: As with any tool, these signals do not guarantee performance, so consider position sizing and stop-loss strategies. --- By toggling and experimenting with the features described above—buy/sell signals, divergences, moving averages, dynamic gradient clouds, and correlation analysis—you can tailor Uptrick: Oscillator Spectrum to your specific trading approach. Each module is designed to give you a clearer, structured view of potential momentum shifts, overbought or oversold states, and the alignment or divergence of multiple assets. ## Features Explanation Below is a detailed overview of key features in Uptrick: Oscillator Spectrum. Each component is designed to provide different angles of market analysis, allowing you to customize the tool to your preferences. --- ### 1. Main Oscillator - Purpose: The primary oscillator in this script merges short-, medium-, and long-term views of buying pressure and true range into a single line. - Calculation: It weights each period’s contribution (e.g., a heavier focus on the short period if desired) and normalizes the result on a 0–100 scale, where higher readings may suggest more robust momentum. (like from the classic Ultimate Oscillator) - Practical Use: - Traders can watch for overbought/oversold conditions at user-defined thresholds (e.g., 70/30). - It can also provide a straightforward momentum reading for those who prefer to see if momentum is rising, falling, or leveling off. --- ### 2. HMA of the Smoothed Oscillator - What It Is: A Hull Moving Average (HMA) applied to the main oscillator values. The HMA is often more responsive than standard MAs, offering smoother lines while preserving relatively quick reaction to changes. - How It Works: - The script takes the oscillator’s output and processes it through a Hull MA calculation. - The HMA’s slope and color can change more dynamically, highlighting sharper momentum shifts. - Why It’s Useful: - By smoothing out minor fluctuations, the HMA can highlight trends in the oscillator’s trajectory. - If you see an extended run in the HMA slope, it may indicate a more persistent trend in momentum. - Color Intensity: - As the HMA continues in one direction for several bars, the script can intensify the color, signaling stronger or more sustained momentum in that direction. - Sudden changes in color or slope can signal the start of a new momentum swing. --- ### 3. Gradient Fill This script uses two gradient-based visual elements: 1. Shining/Layered Gradient on the Main Oscillator - Purpose: Adds multiple layers around the oscillator line (above and below) to emphasize slope changes and highlight how quickly the oscillator is moving up or down. - Color Changes: - When the oscillator rises, it uses a color scheme (e.g., aqua/blue) that intensifies as the slope grows. - When the oscillator declines, it uses a distinct color (e.g., red/pink). - User Benefit: Makes it easier to see at a glance if momentum is accelerating or decelerating, beyond just the numerical reading. 2. Dynamic Cloud Fill (Between MAs) - Purpose: Allows you to plot two moving averages (for example, a short-term Hull MA and a longer-term DEMA) and fill the area between them with a color gradient. - Bullish vs. Bearish: - When the short MA is above the long MA, the cloud might appear in a greenish hue. - When the short MA is below the long MA, the cloud can switch to red or another color. - Transparency/Intensity: - The fill can get more opaque if the difference between the two MAs is large, indicating a stronger trend but a higher probability of a reversal. - User Benefit: Helps visualize changes in trend or momentum across multiple time horizons, all within a single chart overlay. --- ### 4. Correlation Meter & Symbol Inputs - What It Is: This feature looks at multiple user-selected symbols (e.g., BTC, ETH, BNB, etc.) and computes each symbol’s short-term slope. It then aggregates these slopes into an overall “trend” score. - Inputs Configuration: 1. Ticker Inputs: You can specify up to five different tickers. 2. Timeframe: Decide whether to pull data from different chart timeframes for each symbol. 3. Slope Calculation: The script may compute, for instance, a 5-period SMA minus a 20-period SMA to gauge if each symbol is trending up or down. - Market Trend Histogram: - Displays a column that goes above/below zero depending on how many symbols are bullish or bearish. - If more than three (out of five) symbols are bullish, the histogram can show a green bar at +1; if fewer than three are bullish, it can show red at –1. - How to Use: - Quick Glance: Lets you know if most correlated assets are aligning or diverging. - Bar Coloring (Optional): If enabled, your main chart’s bars can reflect the aggregated correlation, turning green or red depending on the meter’s reading. --- ### 5. Advanced Metrics Table - What It Is: An optional table displaying additional metrics for several cryptocurrencies (or any symbols you define). - Metrics Included: 1. ROI (30D): Calculates return relative to the lowest price in a 30-day period. 2. Collateral Risk: Uses standard deviation to assess volatility (higher risk if standard deviation is large). 3. Liquidity Recovery: A rolling average of volume, aiming to show how liquidity flows might recover over time. 4. Weakening (Rate of Change): Reflects how quickly price is changing compared to previous bars. 5. Monetary Bias (SMA): A simple average of recent prices. If price is below this SMA, it might be seen as undervalued relative to the short term. 6. Risk Phase: Categorizes risk as low, medium, or high based on the standard deviation figure. 7. DCA Signal: Suggests “Accumulate” or “Do Not Accumulate” by checking if the current price is below or above the SMA. - Why It’s Useful: - Offers a concise view of multiple assets in one place—helpful for portfolio-level insight. - DCA (Dollar-Cost Averaging) suggestions can guide longer-term strategies, while volatility (collateral risk) helps gauge how aggressive the price swings might be. --- ### 6. Other Vital Aspects - Alerts & Notifications: - The script can trigger alerts for various conditions—crossovers, divergence detections, overbought/oversold transitions, or correlation-based signals. - Useful for automating watchlists or ensuring you don’t miss a key setup while away from the screen. - Customization: - Each module (oscillator settings, divergence detection, correlation meter, advanced metrics table, etc.) can be enabled or disabled based on your preferences. - You can fine-tune parameters (e.g., periods, smoothing lengths, alert triggers) to align the indicator with different trading styles—scalping, swing, or position trading. - Combining Features: - One might watch the main oscillator for momentum extremes, confirm via the HMA slope, check if correlation supports the same bias, and look at the table for risk-phase validation. - This multi-layer approach can help develop a more structured and informed trading view. (Space for an example chart: “A fully configured layout showing oscillator, HMA, gradient cloud, correlation meter, and table all in use.”) 7. Money Flow Tracker Purpose: The Money Flow Tracker adds a volume-based perspective to the indicator suite by incorporating the Money Flow Index (MFI), which assesses buying and selling pressure over a defined period. By smoothing the MFI using an exponential moving average (EMA), the feature highlights the directional flow of capital into and out of the market with greater clarity and reduced noise. Dynamic Gradient Visualization: The Money Flow Tracker enhances visual analysis with gradient fills that reflect the MFI’s relationship to the midline (50). Above 50: A green gradient emerges, intensifying as the MFI moves higher, indicating stronger positive money flow. Below 50: A red gradient appears, with deeper shades signifying increasing selling pressure. Transparency dynamically adjusts based on the MFI’s proximity to the midline, making high-confidence zones (closer to 0 or 100) visually distinct. Directional Sensitivity: The Tracker emphasizes the importance of overbought (above 70) and oversold (below 30) zones. These thresholds help traders identify when an asset might be overextended, signaling potential reversals or trend continuations. The inclusion of a midline (50) as a neutral zone helps gauge shifts between accumulation (money flowing in) and distribution (money flowing out). Bar Integration: By enabling bar coloring linked to the Money Flow Tracker, traders can visualize its impact directly on price bars. Green bars reflect positive money flow (above 50), signaling bullish conditions. Red bars indicate negative money flow (below 50), highlighting bearish sentiment. Intensity adjustments ensure that recent signals are more visually prominent, while older signals gradually fade for a clean, non-cluttered chart. Key Advantages: Volume-Informed Context: Traditional oscillators often focus solely on price; the Money Flow Tracker incorporates volume, adding a crucial dimension for analyzing market behavior. Adaptive Filtering: The EMA-smoothing feature ensures that sudden, insignificant spikes in volume don’t trigger false signals, providing a clearer and more actionable representation of money flow trends. Early Warning System: Divergences between price movement and the Money Flow Tracker’s trends can signal potential turning points, helping traders anticipate reversals before they occur. Practical Use Cases: Trend Confirmation: Pair the Money Flow Tracker with the oscillator or HMA to confirm bullish or bearish trends. For example, a rising oscillator with positive money flow indicates strong buying interest. Identifying Entry/Exit Zones: Use overbought/oversold conditions as entry/exit points, particularly when combined with other features like divergence detection. Market Sentiment Analysis: The Tracker’s ability to dynamically assess buying and selling pressure provides a clear picture of market sentiment, helping traders adjust their strategies to align with broader trends. By understanding these features—main oscillator readings, the HMA’s smoothing capabilities, gradient-based visual highlights, correlation insights, advanced metrics, and the money flow tracker—you can tailor Uptrick: Oscillator Spectrum to your specific needs, whether you’re focusing on quick trades, longer-term market moves, or broad portfolio health. Originality of the “Uptrick: Oscillator Spectrum” Indicator While it includes elements of standard momentum analysis, Uptrick: Oscillator Spectrum sets itself apart by adding an array of features that broaden the typical oscillator’s scope: 1. Slope Coloring & Layered Gradient Effects - Beyond just plotting a single line, the indicator visually highlights momentum shifts using color changes and gradient fills. - As the oscillator’s slope becomes steeper or flatter, these gradients intensify or fade, helping users see at a glance when momentum is accelerating, slowing, or reversing. 2. Mean Reversion & Divergence Detection - The script offers optional logic for marking potential mean reversion points (e.g., overbought/oversold crossovers) and flagging divergences between price and the oscillator line. - These divergence signals come with adjustable lookback parameters, giving traders control over how recent or extended the pivots should be for detection. - This functionality can reveal subtle momentum discrepancies that a basic oscillator might overlook. 3. Integrated Multi-Asset Correlation Meter - In addition to monitoring a single symbol, the indicator can fetch data for multiple tickers. It aggregates each symbol’s slope into a histogram showing whether the broader market (or a group of assets) leans bullish or bearish. - This cross-market insight moves beyond standard “one-symbol, one-oscillator” usage, adding a bigger-picture perspective in one tool. 4. Advanced Metrics Table - Users can enable a table that covers ROI calculations, volatility-based risk (“Collateral Risk”), liquidity checks, DCA signals, and more. - Rather than just seeing an oscillator value, traders can view additional metrics for selected assets in one place, helping them judge overall market conditions or assess multiple instruments simultaneously. 5. Flexible Overlay & Bar Coloring - Signals can be displayed directly on the price chart (Overlay True) or in a sub-window (Overlay False). - Bars themselves may change color (e.g., green for bullish or red for bearish) according to different rules—signals, dynamic cloud fill, correlation meter states, etc. - This adaptability allows traders to keep the chart as simple or as info-rich as they prefer. 6. Custom Smoothing Options & HMA Extensions - The oscillator can be processed further with a Hull Moving Average (HMA) to reduce noise while still reacting quickly to market changes. - Slope-based coloring on the HMA provides an additional layer of visual feedback, which is not common in a standard oscillator. By blending traditional momentum checks with slope-based color feedback, mean reversion triggers, divergence signals, correlation analysis, and an optional metrics table, Uptrick: Oscillator Spectrum offers a more rounded approach than a typical oscillator. It integrates multiple market insights—both visual and analytical—into one script, giving users a broader toolkit for studying potential reversals, gauging momentum strength, and assessing multi-asset trends. ## Conclusion Uptrick: Oscillator Spectrum brings together multiple layers of analysis—oscillator momentum, divergence detection, correlation insights, HMA smoothing, and more—into one adaptable toolkit. It aims to streamline your charting process by offering meaningful visual cues (such as gradient fills and bar color shifts), advanced tables for broader market data, and flexible alerts to keep you informed of potential setups. Traders can choose the specific features that suit their style, whether they prefer to focus on raw oscillator signals, multi-ticker correlation, or smooth trend cues from the HMA. By centralizing these different methods in one place, Uptrick: Oscillator Spectrum can help users build more structured approaches to spotting trend shifts and extended conditions, while also remaining compatible with additional analysis techniques. --- ### Disclaimer This script is provided for informational purposes only and does not constitute financial or investment advice. Past performance is not indicative of future results, and all trading involves risk. You should carefully consider your objectives, risk tolerance, and financial situation before making any trading decisions.
Indicatore Pine Script®
di Uptrick
AI Momentum [YinYang]Overview: AI Momentum is a kernel function based momentum Indicator. It uses Rational Quadratics to help smooth out the Moving Averages, this may give them a more accurate result. This Indicator has 2 main uses, first it displays ‘Zones’ that help you visualize the potential movement areas and when the price is out of bounds (Overvalued or Undervalued). Secondly it creates signals that display the momentum of the current trend. The Zones are composed of the Highest Highs and Lowest lows turned into a Rational Quadratic over varying lengths. These create our Rational High and Low zones. There is however a second zone. The second zone is composed of the avg of the Inner High and Inner Low zones (yellow line) and the Rational Quadratic of the current Close. This helps to create a second zone that is within the High and Low bounds that may represent momentum changes within these zones. When the Rationalized Close crosses above the High and Low Zone Average it may signify a bullish momentum change and vice versa when it crosses below. There are 3 different signals created to display momentum: Bullish and Bearish Momentum. These signals display when there is current bullish or bearish momentum happening within the trend. When the momentum changes there will likely be a lull where there are neither Bullish or Bearish momentum signals. These signals may be useful to help visualize when the momentum has started and stopped for both the bulls and the bears. Bullish Momentum is calculated by checking if the Rational Quadratic Close > Rational Quadratic of the Highest OHLC4 smoothed over a VWMA. The Bearish Momentum is calculated by checking the opposite. Overly Bullish and Bearish Momentum. These signals occur when the bar has Bullish or Bearish Momentum and also has an Rationalized RSI greater or less than a certain level. Bullish is >= 57 and Bearish is <= 43. There is also the option to ‘Factor Volume’ into these signals. This means, the Overly Bullish and Bearish Signals will only occur when the Rationalized Volume > VWMA Rationalized Volume as well as the previously mentioned factors above. This can be useful for removing ‘clutter’ as volume may dictate when these momentum changes will occur, but it can also remove some of the useful signals and you may miss the swing too if the volume just was low. Overly Bullish and Bearish Momentum may dictate when a momentum change will occur. Remember, they are OVERLY Bullish and Bearish, meaning there is a chance a correction may occur around these signals. Bull and Bear Crosses. These signals occur when the Rationalized Close crosses the Gaussian Close that is 2 bars back. These signals may show when there is a strong change in momentum, but be careful as more often than not they’re predicting that the momentum may change in the opposite direction. Tutorial: As we can see in the example above, generally what happens is we get the regular Bullish or Bearish momentum, followed by the Rationalized Close crossing the Zone average and finally the Overly Bullish or Bearish signals. This is normally the order of operations but isn’t always how it happens as sometimes momentum changes don’t make it that far; also the Rationalized Close and Zone Average don’t follow any of the same math as the Signals which can result in differing appearances. The Bull and Bear Crosses are also quite sporadic in appearance and don’t generally follow any sort of order of operations. However, they may occur as a Predictor between Bullish and Bearish momentum, signifying the beginning of the momentum change. The Bull and Bear crosses may be a Predictor of momentum change. They generally happen when there is no Bullish or Bearish momentum happening; and this helps to add strength to their prediction. When they occur during momentum (orange circle) there is a less likely chance that it will happen, and may instead signify the exact opposite; it may help predict a large spike in momentum in the direction of the Bullish or Bearish momentum. In the case of the orange circle, there is currently Bearish Momentum and therefore the Bull Cross may help predict a large momentum movement is about to occur in favor of the Bears. We have disabled signals here to properly display and talk about the zones. As you can see, Rationalizing the Highest Highs and Lowest Lows over 2 different lengths creates inner and outer bounds that help to predict where parabolic movement and momentum may move to. Our Inner and Outer zones are great for seeing potential Support and Resistance locations. The secondary zone, which can cross over and change from Green to Red is also a very important zone. Let's zoom in and talk about it specifically. The Middle Zone Crosses may help deduce where parabolic movement and strong momentum changes may occur. Generally what may happen is when the cross occurs, you will see parabolic movement to the High / Low zones. This may be the Inner zone but can sometimes be the outer zone too. The hard part is sometimes it can be a Fakeout, like displayed with the Blue Circle. The Cross doesn’t mean it may move to the opposing side, sometimes it may just be predicting Parabolic movement in a general sense. When we turn the Momentum Signals back on, we can see where the Fakeout occurred that it not only almost hit the Inner Low Zone but it also exhibited 2 Overly Bearish Signals. Remember, Overly bearish signals mean a momentum change in favor of the Bulls may occur soon and overly Bullish signals mean a momentum change in favor of the Bears may occur soon. You may be wondering, well what does “may occur soon” mean and how do we tell? The purpose of the momentum signals is not only to let you know when Momentum has occurred and when it is still prevalent. It also matters A LOT when it has STOPPED! In this example above, we look at when the Overly Bullish and Bearish Momentum has STOPPED. As you can see, when the Overly Bullish or Bearish Momentum stopped may be a strong predictor of potential momentum change in the opposing direction. We will conclude our Tutorial here, hopefully this Indicator has been helpful for showing you where momentum is occurring and help predict how far it may move. We have been dabbling with and are planning on releasing a Strategy based on this Indicator shortly. Settings: 1. Momentum: Show Signals: Sometimes it can be difficult to visualize the zones with signals enabled. Factor Volume: Factor Volume only applies to Overly Bullish and Bearish Signals. It's when the Volume is > VWMA Volume over the Smoothing Length. Zone Inside Length: The Zone Inside is the Inner zone of the High and Low. This is the length used to create it. Zone Outside Length: The Zone Outside is the Outer zone of the High and Low. This is the length used to create it. Smoothing length: Smoothing length is the length used to smooth out our Bullish and Bearish signals, along with our Overly Bullish and Overly Bearish Signals. 2. Kernel Settings: Lookback Window: The number of bars used for the estimation. This is a sliding value that represents the most recent historical bars. Recommended range: 3-50. Relative Weighting: Relative weighting of time frames. As this value approaches zero, the longer time frames will exert more influence on the estimation. As this value approaches infinity, the behavior of the Rational Quadratic Kernel will become identical to the Gaussian kernel. Recommended range: 0.25-25. Start Regression at Bar: Bar index on which to start regression. The first bars of a chart are often highly volatile, and omission of these initial bars often leads to a better overall fit. Recommended range: 5-25. If you have any questions, comments, ideas or concerns please don't hesitate to contact us. HAPPY TRADING!
Indicatore Pine Script®
di YinYangAlgorithms
8
RedK EVEREX - Effort Versus Results ExplorerRedK EVEREX is an experimental indicator that explores "Volume Price Analysis" basic concepts and Wyckoff law "Effort versus Result" - by inspecting the relative volume (effort) and the associated (relative) price action (result) for each bar - showing the analysis as an easy to read "stacked bands" visual. From that analysis, we calculate a "Relative Rate of Flow" - an easy to use +100/-100 oscilator that can be used to trigger a signal when a bullish or bearish mode is detected for a certain user-selected length of bars. Basic Concepts of VPA ------------------------------- (The topics of VPA & Wyckoff Effort vs Results law are too comprehensive to cover here - So here's just a very basic summary - please review these topics in detail in various sources available here in TradingView or on the web) * Volume Price Analysis (VPA) is the examination of the number of shares or contracts of a security that have been traded in a given period, and the associated price movement. By analyzing trends in volume in conjunction with price movements, traders can determine the significance of changes in price and what may unfold in the near future. * Oftentimes, high volumes of trading can infer a lot about investors’ outlook on a market or security. A significant price increase along with a significant volume increase, for example, could be a credible sign of a continued bullish trend or a bullish reversal. Adversely, a significant price decrease with a significant volume increase can point to a continued bearish trend or a bearish trend reversal. * Incorporating volume into a trading decision can help an investor to have a more balanced view of all the broad market factors that could be influencing a security’s price, which helps an investor to make a more informed decision. * Wyckoff's law "Effort versus results" dictates that large effort is expected to be accompanied with big results - which means that we should expect to see a big price move (result) associated with a large relative volume (effort) for a certain trading period (bar). * The way traders use this concept in chart analysis is to mainly look for imbalances or invalidation. for example, when we observe a large relative volume that is associated with very limited price change - that should trigger an early flag/warning sign that the current price trend is facing challenges and may be an early sign of "reversal" - this applies in both bearish and bullish conditions. on the other hand, when price starts to trend in a certain direction and that's associated with increasing volume, that can act as kind of validation, or a confirmation that the market supports that move. How does EVEREX work --------------------------------- * EVEREX inspects each bar and calculates a relative value for volume (effort) and "strength of price movement" (result) compared to a specified lookback period. The results are then visualized as stacked bands - the lower band represents the relative volume, the upper band represents the relative price strength - with clear color coding for easier analysis. * The scale of the band is initially set to 100 (each band can occupy up to 50) - and that can be changed in the settings to 200 or 400 - mainly to allow a "zoom in" on the bands. * Reading the resulting stacked bands makes it easier to see "balanced" volume/price action (where both bands are either equally strong, or equally weak), or when there's imbalance between volume and price (for example, a compression bar will show with high volume band and very small/tiny price action band) - another favorite pattern in VPA is the "Ease of Move", which will show as a relatively small volume band associated with a large "price action band" (either bullish or bearish) .. and so on. * a bit of a techie piece: why the use of a custom "Normalize()" function to calculate "relative" values in EVEREX? When we evaluate a certain value against an average (for example, volume) we need a mechanism to deal with "super high" values that largely exceed that average - I also needed a mechanism that mimics how a trader looks at a volume bar and decides that this volume value is super low, low, average, above average, high or super high -- the issue with using a stoch() function, which is the usual technique for comparing a data point against a lookback average, is that this function will produce a "zero" for low values, and cause a large distortion of the next few "ratios" when super large values occur in the data series - i researched multiple techniques here and decided to use the custom Normalize() function - and what i found is, as long as we're applying the same formula consistently to the data series, since it's all relative to itself, we can confidently use the result. Please feel free to play around with this part further if you like - the code is commented for those who would like to research this further. * Overall, the hope is to make the bar-by-bar analysis easier and faster for traders who apply VPA concepts in their trading What is RROF? -------------------------- * Once we have the values of relative volume and relative price strength, it's easy from there to combine these values into a moving index that can be used to track overall strength and detect reversals in market direction - if you think about it this a very similar concept to a volume-weighted RSI. I call that index the "Relative Rate of Flow" - or RROF (cause we're not using the direct volume and price values in the calculation, but rather relative values that we calculated with the proprietary "Normalize" function in the script. * You can show RROF as a single or double-period - and you can customize it in terms of smoothing, and signal line - and also utilize the basic alerts to get notified when a change in strength from one side to the other (bullish vs bearish) is detected * In the chart above, you can see how the RROF was able to detect change in market condition from Bearsh to Bullish - then from Bullish to Bearish for TSLA with good accuracy. Other Usage Options in EVEREX ------------------------------------ * I wrote EVEREX with a lot of flexibility and utilization in mind, while focusing on a clean and easy to use visual - EVEREX should work with any time frame and any instrument - in instruments with no volume data, only price data will be used. * You can completely hide the "EVEREX bands" and use EVEREX as a single or dual period strength indicator (by exposing the Bias/Sentiment plot which is hidden by default) - here's how this setup would look like - in this mode, you will basically be using EVEREX the same way you're using a volume-weighted RSI * or you can hide the bias/sentiment, and expose the Bulls & Bears plots (using the indicator's "Style" tab), and trade it like a Bull/Bear Pressure Index like this * you can choose Moving Average type for most plot elements in EVEREX, including how to deal with the Lookback averaging * you can set EVEREX to a different time frame than the chart * did i mention basic alerts in this v1.0 ?? There's room to add more VPA-specific alerts in future version (for example, when Ease-of-Move or Compression bars are detected...etc) - let me know if the comments what you want to see Final Thoughts -------------------- * EVEREX can be used for bar-by-bar VPA analysis - There are so much literature out there about VPA and it's highly recommended that traders read more about what VPA is and how it works - as it adds an interesting (and critical) dimension to technical analysis and will improve decision making * RROF is a "strength indicator" - it does not track price values (levels) or momentum - as you will see when you use it, the price can be moving up, while the RROF signal line starts moving down, reflecting decreasing strength (or otherwise, increasing bear strength) - So if you incorporate EVEREX in your trading you will need to use it alongside other momentum and price value indicators (like MACD, MA's, Trend Channels, Support & Resistance Lines, Fib / Donchian..etc) - to use for trade confirmation
Indicatore Pine Script®
di RedKTrader
254
Bar metrics / quantifytools— Overview Rather than eyeball evaluating bullishness/bearishness in any given bar, bar metrics allow a quantified approach using three basic fundamental data points: relative close, relative volatility and relative volume. These data points are visualized in a discreet data dashboard form, next to all real-time bars. Each value also has a dot in front, representing color coded extremes in the values. Relative close represents position of bar's close relative to high and low, high of bar being 100% and low of bar being 0%. Relative close indicates strength of bulls/bears in a given bar, the higher the better for bulls, the lower the better for bears. Relative volatility (bar range, high - low) and relative volume are presented in a form of a multiplier, relative to their respective moving averages (SMA 20). A value of 1x indicates volume/volatility being on par with moving average, 2x indicates volume/volatility being twice as much as moving average and so on. Relative volume and volatility can be used for measuring general market participant interest, the "weight of the bar" as it were. — Features Users can gauge past bar metrics using lookback via input menu. Past bars, especially recent ones, are helpful for giving context for current bar metrics. Lookback bars are highlighted on the chart using a yellow box and metrics presented on the data dashboard with lookback symbols: To inspect bar metric data and its implications, users can highlight bars with specified bracket values for each metric: When bar highlighter is toggled on and desired bar metric values set, alert for the specified combination can be toggled on via alert menu. Note that bar highlighter must be enabled in order for alerts to function. — Visuals Bar metric dots are gradient colored the following way: Relative volatility & volume 0x -> 1x / Neutral (white) -> Light (yellow) 1x -> 1.7x / Light (yellow) -> Medium (orange) 1.7x -> 2.4x / Medium (orange) -> Heavy (red) Relative close 0% -> 25% / Heavy bearish (red) -> Light bearish (dark red) 25% -> 45% / Light bearish (dark red) -> Neutral (white) 45% - 55% / Neutral (white) 55% -> 75% / Neutral (white) -> Light bullish (dark green) 75% -> 100% / Light bullish (dark green) -> Heavy bullish (green) All colors can be adjusted via input menu. Label size, label distance from bar (offset) and text format (regular/stealth) can be adjusted via input menu as well: — Practical guide As interpretation of bar metrics is highly contextual, it is especially important to use other means in conjunction with the metrics. Levels, oscillators, moving averages, whatever you have found useful for your process. In short, relative close indicates directional bias and relative volume/volatility indicates "weight" of directional bias. General interpretation High relative close, low relative volume/volatility = mildly bullish, bias up/consolidation High relative close, medium relative volume/volatility = bullish, bias up High relative close, high relative volume/volatility = exuberantly bullish, bias up/down depending on context Medium relative close, low relative volume/volatility = noise, no bias Medium relative close, medium to high relative volume/volatility = indecision, further evidence needed to evaluate bias Low relative close, low relative volume/volatility = mildly bearish, bias down/consolidation Low relative close, medium relative volume/volatility = bearish, bias down Low relative close, high relative volume/volatility = exuberantly bearish, bias down/up depending on context Nuances & considerations As to relative close, it's important to note that each bar is a trading range when viewed on a lower timeframe, ES 1W vs. ES 4H: When relative close is high, bulls were able to push price to range high by the time of close. When relative close is low, bears were able to push price to range low by the time of close. In other words, bulls/bears were able to gain the upper hand over a given trading range, hinting strength for the side that made the final push. When relative close is around middle range (40-60%), it can be said neither side is clearly dominating the range, hinting neutral/indecision bias from a relative close perspective. As to relative volume/volatility, low values (less than ~0.7x) imply bar has low market participant interest and therefore is likely insignificant, as it is "lacking weight". Values close to or above 1x imply meaningful market participant interest, whereas values well above 1x (greater than ~1.3x) imply exuberance. This exuberance can manifest as initiation (beginning of a trend) or as exhaustion (end of a trend):
Indicatore Pine Script®
di quantifytools
5
Innotrade Multi-TF SMMA + VWAP Price ActionWelcome to the Innotrade Price Action Concept, a comprehensive indicator designed to demystify market movements and empower your trading decisions. This script integrates multiple powerful analytical tools into a single, cohesive framework, focusing on how price behaves in relation to key levels, volume, and specific candlestick formations. It's built to help you "read the story" the market is telling. What is the Innotrade Price Action Concept? (In Simple Terms): Think of the market as a dynamic environment where buyers and sellers are constantly interacting. The Innotrade Price Action Concept aims to interpret these interactions by observing: The Overall Trend: Are buyers or sellers generally in control? Specific Price Behaviors: Are there strong, decisive moves, or signs of hesitation and potential reversals? Volume Clues: Is there conviction behind the price movements? Are big players involved? Key "Fair Value" Areas: Where has the market established important price zones? Contextual Signals: Are there specific patterns forming under particular market conditions that offer an edge? This script provides the tools to analyze these aspects, all working together. Core Pillars of the Innotrade Price Action Concept (Features Explained): Pillar 1: Trend & Market Structure (Smoothed Moving Averages - SMMAs & Clouds) Innotrade SMMAs (SMMA 1 & SMMA 2): These are your primary guides for understanding trend direction and dynamic support/resistance. SMMA 1 (default 9-period, green/red) is the faster-reacting average, showing short-term sentiment. SMMA 2 (default 21-period, lime/maroon) is the slower average, indicating the more established trend. The Story: When SMMA 1 is above SMMA 2 and both are angling up, buyers are generally in control (uptrend). The opposite suggests a downtrend. Innotrade SMMA Clouds: These shaded areas around each SMMA represent zones of volatility and potential support/resistance. The Story: Price interacting with these clouds can signal bounces or breakthroughs. A widening cloud might indicate increasing volatility. Pillar 2: Candlestick Storytelling (Bar Pattern Recognition) The Innotrade Concept emphasizes that individual candles and short sequences tell a story. This script automatically highlights key "chapters": Elephant Bars (Momentum): Very large candles signaling strong conviction. (Bullish: Green, Bearish: Red) The Story: A strong push in one direction. Tail Bars (Indecision/Reversal): Small bodies, long wicks (pin bars). (Bullish: Lime, Bearish: Maroon) The Story: Price was rejected at a certain level, hinting at a potential shift. 180 Bars (Strong Reversal): An Elephant Bar quickly and strongly reversed. (Bullish: Blue, Bearish: Purple) The Story: A sudden, powerful change in sentiment. RBI (Red Bar Ignored / Potential Continuation Down): A bearish candle after two bullish ones. (Teal) The Story: Buyers tried, but sellers overwhelmed them, possibly continuing the downtrend. GBI (Green Bar Ignored / Potential Continuation Up): A bullish candle after two bearish ones. (Orange) The Story: Sellers tried, but buyers stepped in, possibly continuing the uptrend. Pillar 3: Volume Intelligence (PVSRA Candle Coloring) Price action is more reliable when confirmed by volume. PVSRA (Price Volume Spread Range Analysis) helps: If enabled, candles are colored based on their range, closing position, and volume. The Story: Helps spot if "smart money" or significant interest is behind a move. (Special Vector Colors: Red, Green, Violet, Blue highlight these moments). Pillar 4: Fair Value & Key Levels (Innotrade Multi-Timeframe VWAP) Innotrade VWAP (Volume Weighted Average Price): This isn't just any average; it's the average price weighted by how much volume was traded at each price level. It's a key reference for institutional traders. The script plots VWAP for multiple timeframes (Daily, Weekly, Monthly, Quarterly, Yearly). The Story: VWAP levels often act as magnets for price, or as dynamic support/resistance. Trading above the Daily VWAP can be seen as bullish for the day, and below as bearish. VWAP Standard Deviation Bands: Optional bands around a selected VWAP show common deviations from the "fair value." The Story: Extreme deviations might signal overextension and a potential pullback towards the VWAP. Previous Period VWAP Levels: Yesterday's (or last week's, etc.) VWAP can be a powerful psychological level. Pillar 5: Contextual Signals (GBI/RBI Text Labels) This adds a specific layer to the Innotrade Concept: "GBI" Text: Appears under a GBI candle pattern only if the price is currently below SMMA 1. The Story: A bullish GBI pattern is forming, but it's fighting against short-term bearish pressure (below SMMA 1). If it succeeds, the move could be stronger. "RBI" Text: Appears under an RBI candle pattern only if the price is currently above SMMA 1. The Story: A bearish RBI pattern is forming, but it's fighting against short-term bullish pressure (above SMMA 1). If it succeeds, the move down could be more significant. How to Apply the Innotrade Price Action Concept (The Strategy): The core of the Innotrade Price Action Concept is CONFLUENCE – waiting for multiple signals from the pillars above to align. Step 1: Understand the Dominant Trend & Market Structure. Are SMMAs trending up or down? Is SMMA 1 above/below SMMA 2? Where is price relative to the key Innotrade VWAP levels (e.g., Daily, Weekly VWAP)? Is price inside or breaking out of an SMMA Cloud? Step 2: Look for Candlestick Stories at Key Areas. As price approaches an SMMA, a VWAP level, or a cloud edge, watch for the formation of Elephant Bars, Tail Bars, or 180 Bars. Does a PVSRA "vector" candle appear, confirming volume interest at this level? Step 3: Identify GBI/RBI Setups for Specific Context. If a GBI pattern forms below SMMA 1, and you see the "GBI" text, this could be an early sign of buyers attempting to overcome short-term resistance. Look for follow-through. If an RBI pattern forms above SMMA 1, and you see the "RBI" text, this could be an early sign of sellers attempting to break short-term support. Look for follow-through. Step 4: Seek Confirmation and Manage Risk. High Probability Setups: The strongest signals occur when: A bullish bar pattern (e.g., Bullish Elephant, Bullish Tail, GBI text) forms near support (SMMA, VWAP, Cloud bottom) within an established uptrend. A bearish bar pattern (e.g., Bearish Elephant, Bearish Tail, RBI text) forms near resistance (SMMA, VWAP, Cloud top) within an established downtrend. PVSRA volume confirms the move. Example Trade Idea (Bullish): Price is above SMMA 2 and SMMA 1 (uptrend). Price pulls back to touch SMMA 1 or the Daily VWAP. A Bullish Tail Bar or Bullish Elephant Bar forms, OR a GBI pattern with "GBI" text appears. A green/blue PVSRA candle confirms buying interest. This confluence of signals suggests a potential entry. Always use appropriate stop-loss orders and manage your risk. Customization: The Innotrade Price Action Concept is adaptable. You can: Adjust SMMA lengths. Customize all colors to your preference. Toggle on/off VWAPs, Clouds, and PVSRA coloring. Fine-tune bar pattern parameters. Enable/disable GBI/RBI text and alerts. Disclaimer: The Innotrade Price Action Concept and this script are for educational and informational purposes. This is NOT financial advice. Trading involves significant risk. Past performance does not guarantee future results. Always test thoroughly and combine with your own judgment and risk management. Acknowledgements: This script embodies the "Innotrade Price Action Concept," bringing together established analytical techniques into a unified framework for market analysis.
Indicatore Pine Script®
di Innotrade_AJ
Hilbert micro trends SubThe HILBERT MICRO TRENDS indicator uses advanced Digital Signal Processing techniques to uncover hidden characteristics in price series, providing a statistical edge across all types of assets. This indicator specializes in detecting short- and medium-term micro trends, which can appear isolated, embedded within larger trends, or even during broad-ranging price phases. It operates with a single parameter, simplifying configuration and greatly reducing the risk of overfitting. HILBERT MICRO TRENDS applies modern low-pass and high-pass filtering techniques to smooth price data and remove noise efficiently across multiple levels. The mathematical formulas generate four recursively smoothed series, each more refined than the last in a subtle and precise way, avoiding abrupt changes. These smoothed series outperform traditional moving averages in every aspect: they have less lag (detecting trend shifts faster), generate fewer false signals, and stay closer to price action. This gives them an edge over standard indicators and algorithms based on conventional moving averages such as the simple, exponential, Kalman, or Hull MA. Visual Structure The indicator displays in two parts: one on the main chart and one on a sub-chart. On the main chart, the four smoothed series create a shaded area, with the upper and lower bounds representing the maximum and minimum of the series. If a series is rising (positive derivative), it signals bullish momentum; if falling, bearish. Since each series has a different smoothing level, they represent different time perspectives, and the indicator considers all four simultaneously. If all series are bullish, the area turns solid green. If three are bullish and one bearish, it's pale green. Two bullish, two bearish: gray. One bullish and three bearish: pale red. All bearish: solid red. A confirmed micro trend is present only when all four are aligned, i.e., when the area is pure green or red. The sub-chart displays a histogram version of the same shaded area as an oscillator. An additional smoothed line tracks when the width of this shaded area expands or contracts. How to Use and Interpret As stated, the goal is to detect micro trends in price. The first rule is to open long positions only when the area is solid green, and shorts only when it’s solid red. Transitions from pale green to solid green can signal the start of a bullish micro trend, and similarly, from pale red to solid red for bearish trends. The width of the shaded area indicates the strength of the movement (best seen in the histogram). A wider area suggests stronger momentum, which is related to volatility only when a micro trend is active. Use the orange line in the histogram to determine whether the micro trend is gaining or losing strength. A decreasing width suggests the trend might be ending, signaling an exit opportunity. However, since the orange line lags behind, it’s better used as confirmation rather than a trigger. For quicker signals, changes to pure red or green are more effective. Price Relationship Pay attention to the price's relative position to the shaded area. If the price stays within or fluctuates inside the area, it's usually a sign of a ranging market with no clear trend—avoid trading in such conditions. However, if the price breaks out and moves away from the area, it's a strong sign a micro trend has begun. When the price returns to the shaded area, the trend might be ending. The indicator also marks pivot points from the last pure green or red zone. While not directly used to enter trades, these serve as useful price action reference points for combining with other strategies or tools. Parameter Settings The indicator includes a single but crucial parameter that controls smoothing intensity. A low value makes the indicator faster; a higher value slows it down. Success depends on choosing the right setting for the market environment. For long, clear trends, use higher values (80–100), as late entries are acceptable and premature exits are avoided. For shorter, mean-reverting trends, lower values (~40) are better to avoid lag. The default setting is 60, which suits most markets, but users are encouraged to adjust it to current conditions. Always identify the current market phase and backtest how past micro trends have behaved on the instrument being traded. This ensures the indicator is tuned to the asset’s behavior and can deliver optimal results.
Indicatore Pine Script®
di Cardaniers
2
BVB dominance bars Hello everyone, this is my first indicator. these candles shows you who's in control. I like to think its some what close to heikin ashi candles as it shows you the Trend but doesn't average it out. also shows you when there is indecision. please read the instructions on how it works. its not a stand alone strategy. but adds value to your own strategy. 📖 How It Works The BvB Dominance Bars indicator is a visual tool that colors candles based on market control—whether bulls or bears are in charge. It uses a custom metric comparing the price's relationship to a smoothed moving average (EMA), then normalizes that difference over time to express relative bullish or bearish pressure. Here’s the breakdown: Bulls vs Bears Logic: A short-term EMA (default: 14-period) is used to establish a midpoint reference. Bull Pressure is calculated as how far the high is above this EMA. Bear Pressure is how far the low is below this EMA. These are normalized over a lookback period (default: 120 bars) to produce percentile scores (0–100) for both bulls and bears. Dominance & Color Coding: The indicator compares normalized bull and bear scores. Candles are color-coded based on: Bright Lime: Strong Bull Dominance (with high confidence) Soft Lime/Yellow: Moderate Bull Control Bright Red: Strong Bear Dominance Soft Red/Yellow: Moderate Bear Control Gray: Neutral/Low conviction Optional Live Label: A small floating label shows who has control: “Bull Control,” “Bear Control,” or “Neutral.” 🧠 How to Use It (Example Strategy) The BvB Dominance Bars indicator is not a standalone buy/sell signal but a market sentiment overlay. It’s most effective when combined with your own strategy, like price action or trend-following tools. Here’s an example use case: 🧪 Reversal Confirmation Strategy Objective: Catch high-probability reversals during key kill zones or supply/demand levels. Setup: Mark your key support/resistance zones using your standard method (e.g., FVGs, liquidity sweeps, or ICT PD arrays). Wait for price to reach one of these zones. Watch candle colors from the BvB Dominance Bars: If you expect a bullish reversal, wait for a transition from red/gray candles to lime green or bright lime (bullish dominance taking over). If you expect a bearish reversal, look for a change from green/gray to red or bright red. Entry Filter: Only enter if the dominant color holds for 2+ candles. Avoid trades when candles are gray or yellow (indecision/neutral). Exit Option: Exit if dominance shifts against you (e.g., from lime to red), or use structure-based stops. ⚙️ Settings You Can Adjust: BvB Period: Controls how fast EMA responds. Bars Back: Determines how long the normalization looks back. Thresholds: Influence how strong the dominance must be to change candle color. ✅ Best Used When: You already have a bias and just want a confirmation of sentiment. You're trading intraday and want a feel for shifting momentum without relying on noisy indicators. You want a clean, color-coded overlay to help filter out fakeouts and indecision.
Indicatore Pine Script®
di barton_evan
1
Hilbert micro trends MainThe HILBERT MICRO TRENDS indicator uses advanced Digital Signal Processing techniques to uncover hidden characteristics in price series, providing a statistical edge across all types of assets. This indicator specializes in detecting short- and medium-term micro trends, which can appear isolated, embedded within larger trends, or even during broad-ranging price phases. It operates with a single parameter, simplifying configuration and greatly reducing the risk of overfitting. HILBERT MICRO TRENDS applies modern low-pass and high-pass filtering techniques to smooth price data and remove noise efficiently across multiple levels. The mathematical formulas generate four recursively smoothed series, each more refined than the last in a subtle and precise way, avoiding abrupt changes. These smoothed series outperform traditional moving averages in every aspect: they have less lag (detecting trend shifts faster), generate fewer false signals, and stay closer to price action. This gives them an edge over standard indicators and algorithms based on conventional moving averages such as the simple, exponential, Kalman, or Hull MA. Visual Structure The indicator displays in two parts: one on the main chart and one on a sub-chart. On the main chart, the four smoothed series create a shaded area, with the upper and lower bounds representing the maximum and minimum of the series. If a series is rising (positive derivative), it signals bullish momentum; if falling, bearish. Since each series has a different smoothing level, they represent different time perspectives, and the indicator considers all four simultaneously. If all series are bullish, the area turns solid green. If three are bullish and one bearish, it's pale green. Two bullish, two bearish: gray. One bullish and three bearish: pale red. All bearish: solid red. A confirmed micro trend is present only when all four are aligned, i.e., when the area is pure green or red. The sub-chart displays a histogram version of the same shaded area as an oscillator. An additional smoothed line tracks when the width of this shaded area expands or contracts. How to Use and Interpret As stated, the goal is to detect micro trends in price. The first rule is to open long positions only when the area is solid green, and shorts only when it’s solid red. Transitions from pale green to solid green can signal the start of a bullish micro trend, and similarly, from pale red to solid red for bearish trends. The width of the shaded area indicates the strength of the movement (best seen in the histogram). A wider area suggests stronger momentum, which is related to volatility only when a micro trend is active. Use the orange line in the histogram to determine whether the micro trend is gaining or losing strength. A decreasing width suggests the trend might be ending, signaling an exit opportunity. However, since the orange line lags behind, it’s better used as confirmation rather than a trigger. For quicker signals, changes to pure red or green are more effective. Price Relationship Pay attention to the price's relative position to the shaded area. If the price stays within or fluctuates inside the area, it's usually a sign of a ranging market with no clear trend—avoid trading in such conditions. However, if the price breaks out and moves away from the area, it's a strong sign a micro trend has begun. When the price returns to the shaded area, the trend might be ending. The indicator also marks pivot points from the last pure green or red zone. While not directly used to enter trades, these serve as useful price action reference points for combining with other strategies or tools. Parameter Settings The indicator includes a single but crucial parameter that controls smoothing intensity. A low value makes the indicator faster; a higher value slows it down. Success depends on choosing the right setting for the market environment. For long, clear trends, use higher values (80–100), as late entries are acceptable and premature exits are avoided. For shorter, mean-reverting trends, lower values (~40) are better to avoid lag. The default setting is 60, which suits most markets, but users are encouraged to adjust it to current conditions. Always identify the current market phase and backtest how past micro trends have behaved on the instrument being traded. This ensures the indicator is tuned to the asset’s behavior and can deliver optimal results.
Indicatore Pine Script®
di Cardaniers
Frozen Bias Zones – Sentiment Lock-insOverview The Frozen Bias Zones indicator visualizes market sentiment lock-ins using a combination of RSI, MACD, and OBV. It creates "bias zones" that indicate whether the market is in a sustained bullish or bearish phase. These zones are then highlighted on the chart, helping traders spot when the market is locked in a bias. The script also detects breakout events from these zones and marks them with clear labels for easier decision-making. Features Multi-Indicator Sentiment Analysis: Combines RSI, MACD, and OBV to detect synchronized bullish or bearish sentiment. Frozen Bias Zones: Identifies and visually represents zones where the market has remained in a particular sentiment (bullish or bearish) for a defined period. Breakout Alerts: Displays labels to indicate when the price breaks out of the established bias zone. Customizable Inputs: Adjust the zone duration, RSI, MACD, and breakout label visibility. Input Parameters Bias Duration (biasLength) The minimum number of candles the market must stay in a specific sentiment to consider it a "Frozen Bias Zone". Default: 5 candles. RSI Period (rsiPeriod) Period for the Relative Strength Index (RSI) calculation. Default: 14 periods. MACD Settings MACD Fast (macdFast): The fast-moving average period for the MACD calculation. Default: 12. MACD Slow (macdSlow): The slow-moving average period for the MACD calculation. Default: 26. MACD Signal (macdSig): The signal line period for MACD. Default: 9. Show Break Label (showBreakLabel) Toggle to show labels when the price breaks out of the bias zone. Default: True (shows label). Bias Zone Colors Bullish Bias Color (bullColor): The color for bullish zones (light green). Bearish Bias Color (bearColor): The color for bearish zones (light red). How It Works This indicator analyzes three key market metrics to determine whether the market is in a bullish or bearish phase: RSI (Relative Strength Index) Measures the speed and change of price movements. RSI > 50 indicates a bullish phase, while RSI < 50 indicates a bearish phase. MACD (Moving Average Convergence Divergence) Measures the relationship between two moving averages of the price. A positive MACD histogram indicates bullish momentum, while a negative histogram indicates bearish momentum. OBV (On-Balance Volume) Uses volume flow to determine if a trend is likely to continue. A rising OBV indicates bullish accumulation, while a falling OBV indicates bearish distribution. Bias Zone Detection The market sentiment is considered bullish if all three indicators (RSI, MACD, and OBV) are bullish, and bearish if all three indicators are bearish. Bullish Zone: A zone is created when the market sentiment remains bullish for the duration of the specified biasLength. Bearish Zone: A zone is created when the market sentiment remains bearish for the duration of the specified biasLength. These bias zones are visually represented on the chart as colored boxes (green for bullish, red for bearish). Breakout Detection The script automatically detects when the market exits a bias zone. If the price moves outside the bounds of the established zone (either up or down), the script will display one of the following labels: Bias Break (Up): Indicates that the price has broken upwards out of the zone (with a green label). Bias Break (Down): Indicates that the price has broken downwards out of the zone (with a red label). These labels help traders easily identify potential breakout points. Example Use Case Bullish Market Conditions: If the RSI is above 50, the MACD histogram is positive, and OBV is increasing, the script will highlight a green bias zone. Traders can watch for potential bullish breakouts or trend continuation after the zone ends. Bearish Market Conditions: If the RSI is below 50, the MACD histogram is negative, and OBV is decreasing, the script will highlight a red bias zone. Traders can look for potential bearish breakouts when the zone ends. Conclusion The Frozen Bias Zones indicator is a powerful tool for traders looking to visualize prolonged market sentiment, whether bullish or bearish. By combining RSI, MACD, and OBV, it helps traders spot when the market is "locked in" to a bias. The breakout labels make it easier to take action when the price moves outside of the established zone, potentially signaling the start of a new trend. Instructions To use this script: Add the Frozen Bias Zones indicator to your TradingView chart. Adjust the input parameters to suit your trading strategy. Observe the colored bias zones on your chart, along with breakout labels, to make informed decisions on trend continuation or reversal.
Indicatore Pine Script®
di CryptoSnagger
Volume Standard Deviation Alert GusPurpose The script detects and alerts traders when the volume of a trading asset significantly exceeds a calculated threshold based on the standard deviation of volume over a specified lookback period. It optionally filters these alerts based on whether the price action is bullish or bearish. Key Components Inputs lookback (default: 20) The number of bars to consider when calculating the moving average and standard deviation of volume. stdDevFactor (default: 2.0) The multiplier for the standard deviation to determine the threshold for a volume spike. alertOnClose (default: true) Determines whether alerts should only be triggered after the bar has closed. checkBullBear (default: false) Enables filtering of alerts based on the bullishness or bearishness of the bar. Calculations volSMA The simple moving average (SMA) of the volume over the lookback period. volStd The standard deviation of the volume over the lookback period. threshold The alert threshold is calculated as: Threshold = volSMA + ( stdDevFactor × volStd ) Threshold=volSMA+(stdDevFactor×volStd) isBullish & isBearish Determines whether the current bar is bullish (close > open) or bearish (close < open). volumeSpikeCondition A condition that triggers when the current volume exceeds the calculated threshold. bullishCondition & bearishCondition Refines the spike condition by requiring the bar to be bullish or bearish when checkBullBear is enabled. finalCondition The ultimate alert condition based on the user’s preference for bullish/bearish filtering. finalTrigger Ensures the alert only triggers at bar close if alertOnClose is set to true. Visualization Plots the SMA of the volume (volSMA) and the threshold line (threshold), helping traders visually understand the conditions. Histograms the current volume and colors the bars: Red: Volume exceeds the threshold. Blue: Volume is below the threshold. Alerts The script generates an alert message when the finalTrigger condition is met: "Bullish Volume Spike!" if the bar is bullish. "Bearish Volume Spike!" if the bar is bearish. "High Volume Spike!" if no bull/bear filter is applied. Alerts are sent using alert() with the message and set to trigger once per bar close. Usage Traders can use this script to identify unusual volume activity, which often precedes significant price movements. Customizability allows traders to tune the lookback period, standard deviation multiplier, and whether to filter for bullish/bearish spikes. Visual and audible cues help in identifying important market events in real time. This indicator is particularly useful for spotting market breakouts or breakdowns driven by high trading activity.
Indicatore Pine Script®
di BTCPortugal
1
Directional Volume IndexDirectional Volume Index (DVI) (buying/selling pressure) This index is adapted from the Directional Movement Index (DMI), but based on volume instead of price movements. The idea is to detect building directional volume indicating a growing amount of orders that will eventually cause the price to follow. (DVI is not displayed by default) The rough algorithm for the Positive Directional Volume Index (green bar): calculate the delta to the previous green bar's volume if the delta is positive (growing buying pressure) add it to an SMA, else add 0 (also for red bars) divide these average deltas by the average volume the result is the Positive Directional Volume Index (DVI+) (vice versa for DVI-) Differential Directional Volume Index (DDVI) (relative pressure) Creating the difference of both Directional Volume Indexes (DVI+ - DVI-) creates the Differential Directional Volume Index (DDVI) with rising values indicating a growing buying pressure, falling values a growing selling pressure. (DDVI is displayed by default, smoothed by a custom moving average) Average Directional Volume Index (ADVX) (pressure strength) Putting the relative pressure (DDVI) in relation to the total pressure (DVI+ + DVI-) we can determine the strength and duration of the currently building volume change / trend. For the DMI/ADX usually 20 is an indicator for a strong trend, values above 50 suggesting exhaustion and approaching reversals. (ADVX is not displayed by default, smoothed by a custom moving average) Divergences of the Differential Directional Volume Index (DDVI) (imbalances) By detecting divergences we can detect situations where e.g. bullish volume starts to build while price is in a downtrend, suggesting that there is growing buying pressure indicating an imminent bullish pullback/order block or reversal. (strong and hidden divergences are displayed by default) Divergences Overview: strong bull: higher lows on volume, lower lows on price medium bull: higher lows on volume, equal lows on price weak bull: equal lows on volume, lower lows on price hidden bull: lower lows on volume, higher lows on price strong bear: lower highs on volume, higher highs on price medium bear: lower highs on volume, equal highs on price weak bear: equal highs on volume, higher highs on price hidden bear: higher highs on volume, lower highs on price DDVI Bands (dynamic overbought/oversold levels) Using Bollinger Bands with DDVI as source we receive an averaged relative pressure with stdev band offsets. This can be used as dynamic overbought/oversold levels indicating reversals on sharp crossovers. Alerts As of now there are no alerts built in, but all internal data is exposed via plot and plotshape functions, so it can be used for custom crossover conditions in the alert dialog. This is still a personal research project, so if you find good setups, please let me know.
Indicatore Pine Script®
di robbatt
2
Black RSI (Multi Symbol RSI)📌 GENERAL OVERVIEW Black RSI (Multi Symbol RSI) is an indicator with multiple-RSI (multi-symbol support), It is a powerful indicator designed for analyzing the relative strength of multiple financial instruments within a single chart. This indicator essentially combines multiple instances of the Relative Strength Index (RSI) for different symbols, allowing traders to compare and contrast market conditions for a broader, simultaneous analysis of various assets. By tracking RSI across multiple assets, traders can identify broader market trends, and sector rotations, or pinpoint relative strengths and weaknesses among different instruments. Please check the below sections for details. Black RSI (Multi Symbol RSI) Indicator Features Summary: + Multiple RSI with multi-symbol ◢ This indicator plots Primary+3 multiple RSI for multiple symbols at once. For instance, it could simultaneously show the RSI of indices (e.g., SPX, NASDAQ) or stocks within a sector, providing insights into how these assets are moving relative to one another. + Custom Divergence Module ◢ It allows the user to select the divergence source among the multiple RSI (Primary, 1st, 2nd or 3rd RSI) and displays regular/hidden bullish/bearish divergence for selected RSI only. + Custom RSI Moving Average/BBs ◢ It allows the user to select the RSI moving average/BBs source among the multiple RSI (Primary, 1st, 2nd or 3rd RSI) and displays moving average/BBs for selected RSI only. + Alert Triggers ◢ The indicator can incorporate alert functions that notify the user when an RSI threshold (e.g., overbought or oversold levels) is crossed for any of the selected symbols. 📌HOW TO USE IT Confirm Trends Across Symbols: Use the indicator to confirm trends across multiple assets. For example, if most symbols within a sector or index are showing RSI levels above 50, it may indicate a bullish trend in that sector. Conversely, if most RSIs are below 50, it may signal bearish sentiment. Spot Divergences: Look for RSI divergences across symbols, which can hint at potential reversals. For instance, if most symbols show declining RSI levels while a few have increasing RSI, it could indicate relative strength in those few, making them candidates for closer watch. Identify Overbought/Oversold Conditions: By observing the RSI levels of multiple symbols, you can identify when certain assets are overbought (typically RSI > 70) or oversold (typically RSI < 30). When multiple assets show similar RSI levels, this can indicate broader market sentiment or sector momentum. Sector Rotation Analysis: In longer-term trading or portfolio rebalancing, a Multi-RSI Multi-Symbol indicator can help detect sector rotation patterns by showing which sectors are gaining strength (higher RSI) and which are weakening, facilitating informed sectoral shifts. Use in Conjunction with Other Indicators: The Multi-RSI can serve as a supporting indicator alongside trend indicators like Moving Averages or Bollinger Bands, helping to confirm entry and exit points. For example, if a symbol’s RSI shows an overbought condition and it aligns with a resistance level from a Moving Average, this could strengthen a sell signal. Customization: Customize the settings to match your trading style. For instance, day traders might prefer a shorter RSI period and timeframes, while swing traders may benefit from longer timeframes and smoother RSI. ⚙️Black RSI (Multi Symbol RSI) SETTINGS Black RSI (Multi) Dashboard ◢ + 1st RSI: Enable/Disable 1st RSI + 2nd RSI: Enable/Disable 2nd RSI + 3rd RSI: Enable/Disable 3rd RSI RSI Primary Tools ◢ + RSI Moving Average/Bollinger Bands: Enable/Disable RSI Moving Average/Bollinger Bands + Smooth RSI: Enable/Disable Smooth RSI (for Primary RSI) + RSI Divergence: Enable/Disable Divergence for user-selected RSI RSI Secondary Tools ◢ + RSI OB/OS Color Bars: Enable/Disable RSI OB/OS Color Bars for user-selected RSI + RSI OB/OS Highlights: Enable/Disable OB/OS Highlights for user-selected RSI + Background: Enable/Disable RSI Background + Primary RSI Settings ▾ - Override Primary RSI Symbol: Allows the user to select the symbol for Primary RSI - Primary RSI Length: User input primary RSI length value - Primary RSI Source: User primary RSI source selection - RSI Line Thickness: User input line thickness value for primary RSI - Primary RSI Colors: - OB/OS Highlights: Enable/Disable OB/OS Primary RSI Highlights - RSI Overbought Threshold: The user can set the RSI overbought threshold value. This Overbought Threshold value will also be applied to All RSI (Primary, 1st, 2nd, 3rd) and "RSI Divergence overbought condition" and "RSI OB/OS Highlights" - RSI Oversold Threshold: The user can set the RSI oversold threshold value. The lower band (oversold line) of RSI. This Oversold Threshold value will also be applied to All RSI (Primary, 1st, 2nd, 3rd) and "RSI Divergence oversold condition" and "RSI OB/OS Highlights" + 1st RSI Settings ▾ - Override 1st RSI Symbol: Allows the user to select the symbol for 1st RSI - 1st RSI Length: User input 1st RSI length value - 1st RSI Source: User 1st RSI source selection - RSI Line Thickness: User input line thickness value for 1st RSI - 1st RSI Colors: - OB/OS Highlights: Enable/Disable OB/OS 1st RSI Highlights + 2nd RSI Settings ▾ - Override 2nd RSI Symbol: Allows the user to select the symbol for 2nd RSI - 2nd RSI Length: User input 2nd RSI length value - 2nd RSI Source: User 2nd RSI source selection - RSI Line Thickness: User input line thickness value for 2nd RSI - 2nd RSI Colors: - OB/OS Highlights: Enable/Disable OB/OS 2nd RSI Highlights + 3rd RSI Settings ▾ - Override 3rd RSI Symbol: Allows the user to select the symbol for 3rd RSI - 3rd RSI Length: User input 3rd RSI length value - 3rd RSI Source: User 3rd RSI source selection - RSI Line Thickness: User input line thickness value for 3rd RSI - 3rd RSI Colors: - OB/OS Highlights: Enable/Disable OB/OS 3rd RSI Highlights + RSI Bands & Threshold Settings ▾ - RSI Middle Band: Allows the user to plot optional RSI band on the RSI Oscillator - RSI Bullish Band: Allows the user to plot optional RSI band on the RSI Oscillator - RSI Bearish Band: Allows the user to plot optional RSI band on the RSI Oscillator + Primary RSI Smooth Settings ▾ - Type: The user selected Smooth MA type for Primary RSI. With RSI Smooth enabled, it will also affect Primary RSI Divergences detection (all divergences will be plotted according to the "Smoothed RSI line") - Length: User input Smooth MA length value for Primary RSI + RSI Moving Average Settings ▾ - MA/BB RSI Source: Allows the user to MA/BB source selection - MA/BB Enable/Disable: Allows the user to select Moving average only, BBs only or Both to display on the RSI Oscillator - RSI Moving Average Colors: Allows the user to select Bullish/Bearish colours of RSI Moving Average - RSI Moving Average Type: Allows the user to select RSI MA Type - RSI Moving Average Length: User input RSI MA length value - RSI Moving Average Thickness: User input RSI MA thickness - Bollinger Bands Colors: Allows the user to select BBs colours - BB StdDev: user input Bollinger Bands standard deviation value + RSI Divergence Settings ▾ - Divergence RSI source: User selection of divergence source . - Divergence source: User selection of divergence source . "oscillator" (divergence detection with high/low or close of RSI), "price" (divergence detection with high/low or close of price) - Bull price source: User selection of Bull price source. Bull price source: "Low" (low of price divergence detection), "Close" (close of price divergence detection) (linked to "price" in "Divergence source") - Bear price source: User selection of Bear price source. Bear price source: "High" (high of price divergence detection), "Close" (close of price divergence detection) (linked to "price" in "Divergence source") - Low/High left bars: How many candles to compare on the left side of a candle when deciding whether it is a pivot. The lower the number is, the earlier pivots (and therefore divergences) will be signalled, but the quality of those detections could be lower. - Low/High right bars: How many candles to compare on the right side of a candle when deciding whether it is a pivot. The lower the number is, the earlier pivots (and therefore divergences) will be signalled, but the quality of those detections could be lower. - Maximum lookback bars: The maximum length of a divergence (number of bars). If a detected divergence is longer than this, it will be discarded. - Price threshold: User selection of Price threshold, higher values more lines - RSI threshold: User selection of RSI threshold, higher values more lines - Show Lows: Displays lows of RSI - Show Highs: Displays highs of RSI - Show Divergence as: - Line Style: - Line thickness: User input divergence line thickness value - Label Transparency: it could reduce label mess on the oscillator line, input "100" for label text only without label background - Labels Text Color: User label text colour selection Auto Text Color > Auto colour change of label text according to Dark/Light chart theme - Bull Divergences: Enable/Disable of Bull divergences > Color: User selection of Bull divergence color > Potential Bull: It will plot potential regular bull divergence with a dotted line. - Bear Divergences: Enable/Disable of Bear divergences > Color: User selection of Bear divergence color > Potential Bear: It will plot potential regular bear divergence with a dotted line. - Hidden Bull Div: Enable/Disable of Hidden Bull divergences > Color: User selection of Hidden Bull divergence colour > Potential H.Bull: It will plot potential hidden bull divergence with a dotted line. - Hidden Bear Div: Enable/Disable of Hidden Bear divergences > Color: User selection of Hidden Bear divergence colour > Hidden Bear divergence: It will plot potential hidden bear divergence with a dotted line. > Regular Bull oversold only: It will show Regular Bullish RSI divergences in the oversold zone only, RSI oversold threshold can be configured in the "Primary RSI Settings" section. > Regular Bear overbought only: It will show Regular Bearish RSI divergences in the overbought zone only, RSI overbought threshold can be configured in the "Primary RSI Settings" section. + RSI OB/OS Colored Bars Settings▾ - OB/OS Bar RSI Source: User selection of OB/OS Bars RSI source . - Overbought Bar Color: User RSI OB Bars colour selection - Oversold Bar Color: User RSI OS Bars colour selection + Overbought/Oversold Highlights ▾ - OB/OS Highlights RSI Source: User selection of OB/OS Highlights RSI source . - Overbought Highlights : Enable/Disable Overbought Highlights - Oversold Highlights : Enable/Disable Oversold Highlights - Transparency: Gradient transparency of highlighted area + RSI Line & Label Settings ▾ - Show Symbol label: Enable/Disable each RSI symbol label. - RSI line offset: Shifts the RSI to the left or the right on the given number of bars, Default is 0 + Background Setting ▾ - Custom Background Color: User selection of Background color Feedback & Bug Report If you find any bugs in this indicator or have any suggestions, please let me know. Please give feedback & appreciate it if you like to see more future updates and indicators. Thank you
Indicatore Pine Script®
di NabeelBlack
Breakouts with Tests & Retests [LuxAlgo]The Breakouts Tests & Retests indicator highlights tests and retests of levels constructed from detected swing points. A swing area of interest switches colors when a breakout occurs. Users can control the sensitivity of the swing point detection and the width of the swing areas. 🔶 USAGE When a Swing point is detected, an area of interest is drawn, colored green for a bullish swing and red when bearish. A test is confirmed when the opening price is situated in the area of interest, and the closing price is above or below the area, depending on whether it is a bullish or bearish swing. Tests are highlighted with a solid-colored triangle. A breakout is confirmed when the price closes in the opposite position, below or above the area, in which case the area will switch colors. If the opening price is located within the area and the closing price closes outside the area, in the same direction as the breakout, this is considered a retest . Retests are highlighted with a hollow-colored triangle. Note that tests/retests do not act on wicks. The main factor is that the opening price is in the area of interest, while the closing price is outside. 🔹 Area Of Interest Width The user can adjust the width of the swing areas. Changing the " Width " is a fast and easy way to find different areas of interest. A higher "Multiple" setting would return a wider area, allowing price to develop within it for a longer period of time and potentially provide later test signals. When a swing area is broken, a higher "Width" setting can make it more complicated for the price to break it again, allowing a swing area to remain valid for a longer period of time thus potentially providing more retest signals. 🔶 DETAILS Generally, only one bullish/bearish pattern can be active at a time. This means that no more than 1 bullish or bearish area will be active. The " Display " settings, however, can help control how areas of different types are displayed. Bullish AND Bearish: Both, bullish and bearish patterns can be drawn at the same time Bullish OR Bearish: Only 1 bullish or 1 bearish pattern is drawn at a time Bullish: Only bullish patterns Bearish: Only bearish patterns 🔹 Test/Retest Labels The user can adjust the settings so only the latest test/retest label is shown or set a minimum number of bars until the next test/retest can be drawn. 🔹 Maximum Bars Users can set a limit of bars for when there is no test/retest in that period; the area of interest won't be updated anymore and will be available and ready for the next Swing. An option for pulling the area back to the last retest is included. 🔶 SETTINGS Display: Determines which swing areas are displayed by the indicator. See the "DETAILS" section for more information Multiple: Adjusts the width of the areas of interest Maximum Bars: Limit of bars for when there is no test/retest Display Test/Retest Labels: Show all labels or just the last test/retest label associated with a swing area Minimum Bars: Minimum bars required for a subsequent test/retest label are allowed to be displayed Set Back To Last Retest: When after "Maximum Bars" no test/retest is found, place the right side of the area at the last test/retest 🔹 Swings Left: x amount of wicks on the left of a potential Swing need to be higher/lower for a Swing to be confirmed. Right: The number of wicks on the right of a potential swing needs to be higher/lower for a Swing to be confirmed. 🔹 Style Bullish: color for test period (before a breakout) / retest period (after a breakout) Bearish: color for test period (before a breakout) / retest period (after a breakout) Label Size
Indicatore Pine Script®
di LuxAlgo
15
MTF Market Structure - SMC IndicatorsThe Multi Timeframe Market Structure helps understand and identify bullish or bearish Market Structure by highlighting “KEY” Highs and Lows. It also identifies changes in market direction by identifying a “Shift in Market Structure” (See Point 2 below) or “Break in Market Structure” (See Point 3 Below). What are Key Highs and Lows? Not every high or low is a “Key” high or low. “Key” highs and lows are specific highs and lows that form the structure of the market and have significance in understanding the current trend in the market (see point 1 below). The indicator identifies these “Key” highs and lows on multiple time frames, allowing the trader to keep a perspective of the Market Structure with multiple timeframes simultaneously (see point 5 below). The key highs and lows identified by the indicator are as follows: Key Lows : Identify significant Swing Lows, Short-term lows “STL”, Intermediate-Term Lows “ITL”, and Long-Term Lows “LTL”. Key Highs : Identify significant Swing Highs, Short-term highs “STH”, Intermediate-Term Highs “ITH”, and Long-Term Highs “LTH”. Significant Swing High : This is a price swing with one lower candle to the right and one lower candle to the left of it. Significant Swing Low : This is a price swing with one higher candle to the right and one higher candle to the left of it. Short-Term High “STH” is a price swing with one lower Significant Swing High to the right and one lower Significant Swing High to the left of it. Short-Term Low “STL” is a price swing with one higher Significant Swing Low to the right and one higher Significant Swing Low to the left of it. Intermediate-Term High “ITH” is a price swing with one lower STH to the right and one lower STH to the left of it. Intermediate-Term Low “ITL” is a price swing with one higher STL to the right and one higher STL to the left of it. Long-Term High “LTH” is a price swing with one lower ITH to the right and one lower ITH to the left of it. Long-Term Low “ITL” is a price swing with one higher ITL to the right and one higher ITL to the left of it. By identifying key highs and lows using the Market Structure Indicator, it can be used in multiple ways by using those reference points as follows: 1. Identifying Market Trends by Connecting Key Highs and Lows. Bullish trend identification is when the indicator is making higher ITLs and ITHs. Bearish Trend identification when the indicator is making lower ITLs and ITHs. PS: it’s essential to understand the underlying market trend on multiple timeframes to use the next features correctly. Always use the Shifts and Breaks in Market Structures in line with the 1H or higher timeframes Market Trend for higher probability trade opportunities. This is because, generally, higher timeframes have more importance than lower timeframes. 2. Shift In Market Structure - SMS for Entries A Shift in Market Structure “SMS” identifies potential reversal in short-term market trend relative to the timeframe where the SMS is identified. This occurs after a run of any Significant Swing High or Low and then reversing, creating a Fair Value Gap “FVG”. There can be Bullish and Bearish Market Structure Shifts. When a Bullish Shift in Market Structure occurs, the indicator identifies an opportunity for the price to change from Bearish to Bullish, as seen in the image below. When a Bearish Shift in Market Structure occurs, the indicator identifies an opportunity for the price to change from Bullish to Bearish. 3. Break In Market Structure - BMS for Entries A Break in Market Structure “BMS” has a similar function to the Shift in Market Structure “SMS”; however, when it occurs, it identifies a potential longer-term trend reversal (compared to the SMS) relative to the timeframe where the BMS is identified. Unlike “SMS”, the BMS occurs after a run only after a run on Key Highs or Lows. Similar to the SMS, there can be Bullish and Bearish Breaks in Market Structure. When a Bullish Break in Market Structure occurs, the indicator identifies an opportunity for a longer-term trend change from Bearish to Bullish, as seen in the image below. The FVG must occur in the lower 50% of the impulse price leg (at Discount). When a Bearish Break in Market Structure occurs, the indicator identifies an opportunity for a longer-term trend change from Bullish to Bearish. The FVG must occur in the upper 50% of the impulse price leg (at Premium). 4. Inversion Break and Shift in Market Structure for Early Entries Inversion “BMS” and “SMS” are similar to the normal SMS and BMS, but they occur: Bullish: When the FVG of the Bearish BMS/SMS forms in the lower 50% of the impulse price leg (at Discount). We use the FVG that forms from the Bearish SMS/BMS as an inversion FVG for potential entry after market trend change from Bearish to Bullish. Bearish: When the FVG of the Bullish BMS/SMS forms in the upper 50% of the impulse price leg (at Premium). We use the FVG that forms from the Bullish SMS/BMS as an inversion FVG for potential entry after market trend change from Bullish to Bearish. 5. Multi Time Frame analysis The indicator allows multiple timeframe perspectives to be considered when using it. The key Highs and Lows have significance not only on the current timeframe they are identified but also on lower or higher timeframes simultaneously. This is because a ITL/ITH on the 1H means It’s a LTL/LTH on one or more timeframes lower (15Min, 5M, and 1Min). And at the same time, it’s a STL/STH on one timeframe higher (4H) Also, it’s a Significant Low/High (marked with a dot) on two timeframes higher (Daily). The same logic applies to all other Key Highs and Lows. Another example is a Significant Low/High (swing marked with a dot below or above it) on the current timeframe (1D) means it’s a STL/STH on one timeframe lower (4H) and an ITL/ITH on two timeframes lower (1H) and a LTH/LTH on three timeframes lower or more (15M, 5M, 1Min, 30 Seconds, etc…). This Multi-time frame analysis is a great way to help traders understand Market Structure and Market trend on multiple timeframes simultaneously, and it also assists in Top-down analysis. PS: Note that this multi-timeframe analysis approach and logic can be applied to any timeframe and for any type of trading (swing trading, day trading, scalping, or short-term trading) because the price is fractal. For example, if a trader is a swing trader, then it’s best to identify trader opportunities on the 1H or higher; however, lower timeframes Market Structure can still be used to help the traders refine their entries and target key highs and lows in the opposite direction. If a trader is a day trader or a scalper, the trader could use Market Structure on 15M or lower to identify trader opportunities and target key highs and lows in the opposite direction. 6. Setting Targets The indicator can also be used to identify potential targets after the SMS or BMS occurs. Targets can be chosen above Key Highs or Lows depending on the trade objective and timeframe where the trade idea is identified. Bonus Features Highlight Market Structure Trend This feature is an excellent backtesting visual tool to look at changes in market trends highlighted in colours. These changes are based on the Shift or Break in of Market Structure depending on the selection option. When "Shift/Break" in Market Structure" is selected, a Bullish trend is highlighted in blue when a Bullish Shift/Break in Market Structure Occurs and in Red when a Bearish Shift/Break in Market Structure Occurs. Notifications Sends notifications when there is a Shift or Break in Market Structure on the current timeframe of choice.
Indicatore Pine Script®
di SMCIndicators
3
RSI 11 IndicatorThis script explains how RSI can be used to catch market moves in trend, reversal or sideways market. What is RSI indicator:- RSI is a momentum oscillator which measures the speed and change of price movements. RSI moves up and down (oscillates) between ZERO and 100. Generally RSI above 70 is considered overbought and below 30 is considered oversold. Some traders may use a setting of 20 and 80 for oversold and overbought conditions respectively. However this may reduce the number of signals. You can also use RSI to identify divergences, strength, reversals, general trend etc. Calculation:- There are three basic components in the RSI - Avg Gain, Avg Loss & RS. Avg Gain = Average of Upward Price Change Avg Loss = Average of Downward Price Change RS = (Avg Gain)/(Avg Loss) RSI = 100 – (100 / (1 +RS )) First Calculation:- RSI calculation is based on default 14 periods. Average gain and Average loss are simple 14 period averages. Average Loss equals the sum of the losses divided by 14 for the first calculation. Average Gain equals the sum of the Gains divided by 14 for the first calculation. First Average Gain = Sum of Gains over the past 14 periods / 14. First Average Loss = Sum of Losses over the past 14 periods / 14. The formula uses a positive value for the average loss. RS values are smoothed after the first calculation. Second Calculation:- Subsequent calculations multiply the prior value by 13, add the most recent value, and divide the total by 14. Average Gain = / 14. Average Loss = / 14. if Average Loss = 0, RSI = 100 (means there were no losses to measure). Average Gain = 0, RSI = 0 (means there were no gains to measure). Logic of this indicator:- RSI is an oscillator that fluctuates between zero and 100 which makes it easy to use for many traders. Its easy to identify extremes because RSI is range-bound. But remember that RSI works best in range bound market and is less trustworthy in trending markets. A new trader need to be cautious because during strong trends in the market/security, RSI may remain in overbought or oversold for extended periods. Chart Timeframe:- RSI indicator works well on all timeframes. Timeframe depends on which strategy or settings are you using. Generally a lower timeframe like 1 min, 3 min, 5 min, 15 min, 30 min, 1 Hr etc is used for intraday trades or short duration trades and higher timeframes like 1 day, 1 week, 1 month are used for positional or long term trades. Please Read the Idea "Mastering RSI with 11 Strategies" to understand this indicator better. Indicator 1 Basis Strategy of Overbought and Oversold Usually an asset with RSI reading of 70 or above indicates a bullish and an overbought situation. overbought can be seen as trading at a higher price than it should. traders may expect a price correction or trend reversal and sell the security. but RSI indicator can stay in the overbought for a long time when the stock is in uptrend - This may trap an immature trader. an Immature trader will enter a sell position when RSI become overbought (70), whereas a mature trader will enter sell position when RSI line crosses below the overbought line (70). An asset with RSI reading of 30 or below indicates a bearish and an oversold condition. oversold can be seen as trading at a lower price than it should. traders may expect a price correction or trend reversal and buy the security. but RSI indicator can stay in the oversold for a long time when the stock is in downtrend - This may trap an immature trader. an Immature trader will enter a buy position when RSI become oversold (30), whereas a mature trader will enter buy position when RSI line crosses above the oversold line (30). Center dotted Mid line is RSI 50. Chart RSI is shown in yellow colour. Red shaded area above the red horizontal line shows the stock or security has entered overbought condition. "R" signal in red shows a likely downside reversal, means it may be a likely Selling opportunity. Green shaded area below the green horizontal line shows the stock or security has entered oversold condition. "R" signal in green shows a likely upside reversal, means it may be a likely Buying opportunity. Note:- so its better to wait for reversal signal. traders may use 20 instead of 30 as oversold level and 80 instead of 70 as overbought level. new traders may learn to use the indicator as per the prevailing trend to get better results. false signals may be avoided by using bullish signals in bullish trend and bearish signals in bearish trend. Indicator 2 RSI Strength Crossing 50 RSI crossing centreline 50 in the below chart showing strength and buy/sell signal. Centre line is at RSI 50. if RSI is above 50 its considered bullish trend. (increasing strength) if RSI is below 50 its considered bearish trend. (decreasing strength) RSI crossing centre line (50) upside may be a buy signal. RSI crossing centre line (50) downside may be a sell signal. "B" signal in green colour shows that RSI is crossing above Mid 50 horizontal line, which may be a likely Buy signal. "S" signal in red colour shows that RSI is crossing below Mid 50 horizontal line, which may be a likely Sell signal. Indicator 3 RSI 40 and RSI 60 Support and Resistance RSI 40 acting as support in the below chart In an uptrend RSI tends to remain in the 40 to 90 range with 40 as support (buying opportunity at support). RSI 60 acting as resistance in the below chart In a downtrend RSI tends to remain in 10 to 60 range with 60 as resistance (selling opportunity at resistance). "40" signal in green colour shows that RSI is crossing above 40 horizontal line, which may be a likely Support in making and a Buy signal. "60" signal in red colour shows that RSI is crossing below 60 horizontal line, which may be a likely Resistance in making and a Sell signal. Note:- These ranges may change depending on RSI settings and change in the market trend. Indicator 4 RSI Divergence Below chart shows a simple example of Bullish Divergence and Bearish Divergence. An RSI divergence occurs when price moves in the opposite direction of the RSI. A bullish divergence is when price is falling but RSI is rising. which means RSI making higher lows and price making lower lows (buy signal). A bearish divergence is when price is rising but RSI is falling. which means RSI making lower high and price making higher highs (sell signal). Divergences are more strong when appear in an overbought or oversold condition. There may be many false signals during a strong uptrend or strong downtrend. In a strong uptrend, RSI may show many false bearish divergences before finally reversing down. same way in a strong downtrend, RSI may show many false bullish divergences before finally reversing up. "Bull Div" signal along with divergence line in green colour shows Bullish Divergence, which may be a likely Buy signal. "Bear Div" signal along with divergence line in red colour shows Bearish Divergence, which may be a likely Sell signal. Indicator 5 Double Top & Double Bottom Double Bottom = RSI goes below oversold (30). RSI comes back above 30. RSI falls back again towards 30 and again rise making a Double bottom. its a signal of buying and likely upside reversal. Double Top = RSI goes above overbought (70). RSI comes back below 70. RSI rises back again towards 70 and again fall making a Double top. its a signal of selling and likely downside reversal. Double Bottom is shown with Green Dashed line joining two low's of RSI indicating a likely Buy Signal. Double Top is shown with Red Dashed line joining two High's of RSI indicating a likely Sell Signal. Indicator 6 Trendline Support and Resistance Below chart shows RSI Trendline Resistance and Support RSI resistance trendline = Connect three or more points on the RSI line as it falls to draw a RSI downtrend line (RSI resistance trendline). Everytime it takes resistance from a RSI downtrend line its a selling opportunity. RSI support trendline = Connect three or more points on the RSI line as it rises to draw a RSI uptrend line (RSI support trendline). Everytime it takes support on a RSI uptrend line its a buying opportunity. RSI Resistance trendline shown in Red colour indicating a likely fall again after rejection from this Red trendline till the time RSI breaks above it to change the trend from Bearsih to Bullish. RSI support trendline shown in Green colour indicating a likely Rise again after support from this Green trendline till the time RSI breaks below it to change the trend from Bullish to Bearish. Indicator 7 Trendline Breakout and Breakdown Below chart shows RSI Trendline Breakout and Breakdown RSI resistance trendline Breakout = Connect three or more points on the RSI line as it falls to draw a RSI downtrend line (RSI resistance trendline). Whenever it breakout above RSI resistance trendline its a buying opportunity. RSI support trendline Breakdown = Connect three or more points on the RSI line as it rises to draw a RSI uptrend line (RSI support trendline). Whenever it breakdown below RSI support trendline its a selling opportunity. Note:- Correlate both the RSI and the closing price to ensure proper breakout or breakdown. Challenge is to correctly identify if a breakout or breakdown is sustainable or its a false signal. Indicator 8 RSI Crossover same timeframe RSI with two different RSI length crossing each other on same timeframe. when lower RSI length crossing above higher RSI length its a buy signal. when lower RSI length crossing below higher RSI length its a sell signal. for example RSI with length 7 & length 14 on 15 Minutes timeframe. Green Cross shows that Fast RSI is crossing above Slow RSI on the same timeframe with different RSI length Settings, which means it may be a likely Buy Signal. Red Cross shows that Fast RSI is crossing below Slow RSI on the same timeframe with different RSI length Settings, which means it may be a likely Sell Signal. Indicator 9 RSI Crossover Multi timeframe RSI with same RSI length but on two different timeframes crossing each. when lower timeframe RSI crossing above higher timeframe RSI its a buy signal. when lower timeframe RSI crossing below higher timeframe RSI its a sell signal. for example RSI with length 14 on 5 Minutes and 1 Hr timeframes. Green Cross shows that Lower Timeframe RSI is crossing above Higher Timeframe RSI with same RSI length Settings, which means it may be a likely Buy Signal. Red Cross shows that Lower Timeframe RSI is crossing below Higher Timeframe RSI with same RSI length Settings, which means it may be a likely Sell Signal. Indicator 10 RSI EMA/WMA/SMA Crossover when RSI crossing above EMA/WMA/SMA its a buy signal. when RSI crossing below EMA/WMA/SMA its a sell signal. Green Circle shows that RSI is crossing above EMA/WMA/SMA etc, which means it may be a likely Buy Signal. Red Circle shows that RSI is crossing below EMA/WMA/SMA etc, which means it may be a likely Sell Signal. Indicator 11 RSI with Bollinger bands Bollinger bands and RSI complimenting each other and giving a Buy and Sell signal in below chart if a security price reaches upper band of a Bollinger Band channel and also the RSI is above 70 (overbought), a trader can look for selling opportunities (reversal) (sell). but in case price reaches upper band of a Bollinger Band channel but RSI is not above 70 (overbought), there may be chance that security remains in an uptrend, so a trader may wait before entering a sell position. if a security price reaches lower band of a Bollinger Band channel and also the RSI is below 30 (oversold), a trader can look for buying opportunities (reversal) (buy). but in case price reaches lower band of a Bollinger Band channel but RSI is not below 30 (oversold), there may be chance that security remains in an downtrend, so a trader may wait before entering a buy position. so bollinger band with RSI can give a double confirmation on a reversal. Buy Signal = If the RSI is below Green Horizontal line (Oversold zone) and also below Lower Bollinger Band it indicates that an upside reversal may come, which means that it may be a likely Buy Signal. Sell Signal = If the RSI is above Red Horizontal line (Overbought zone) and also above Upper Bollinger Band it indicates that an Downside reversal may come, which means that it may be a likely Sell Signal. Special Thanks to //© HoanGhetti for RSI Trendlines. Limitations of the RSI:- RSI works best in range bound market and is less trustworthy in trending markets. So new traders may get trapped in an uptrend or a downtrend if they forget to see the overall long term trend of that security. Traders should set stop loss and take profit levels as per risk reward ratio. Note: Don't confuse RSI and relative strength. RSI is changes in the price momentum of a security. whereas relative strength compares the price performance of two or more securities. Like other technical indicators, RSI also is not a holy grail. It can only assist you in building a good strategy. You can only succeed with proper position sizing, risk management and following correct trading Psychology (No overtrade, No greed, No revenge trade etc). THIS INDICATOR OF RSI IS FOR EDUCATIONAL PURPOSE AND PAPER TRADING ONLY. YOU MAY PAPER TRADE TO GAIN CONFIDENCE AND BUILD FURTHER ON THESE. PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING. WE ARE NOT SEBI REGISTERED. Hope you all like it happy learning.
Indicatore Pine Script®
di MasterTrader1949X
4
Multi Timeframe Trend StrengthThis code is an advancement of my previous percentile-based trend strength. It follows the same concept, except this code display the trend and trend strength in multiple timeframe (1 min, 5 min, 15 min, 1hr and 4hr). This gives an indication of the trend is evolving and allows to see how short-term trend matches with the long-term trend. How it works: The script assesses trend strength through percentile values derived from high and low prices across various time periods. It categorizes the current trend as either Bullish, Bearish, or N/A (No Trend) with the following steps: Percentile Calculations: The code calculates the 75th percentile of high prices (e.g., percentile_13H) and the 25th percentile of low prices (e.g., percentile_13L) for specified Fibonacci-based periods (13, 21, 34, 55, 89, and 144). These percentiles serve as thresholds for identifying strong trends. Calculate Highest High and Lowest Low: It computes the highest high (75th percentile high price of the longest period) and lowest low (25th percentile low price of the longest period), referred to as highest_high and lowest_low. These values establish critical price levels. Trend Strength Conditions: For each percentile and period, the code checks if the percentile exceeds the highest high (trendBull) or falls below the lowest low (trendBear). These conditions gauge the strength of bullish and bearish trends. Count Bull and Count Bear: Variables countBull and countBear tally the number of bullish and bearish conditions met, helping assess trend strength. Weak Bull and Weak Bear Count: The code calculates weak bullish and bearish conditions, occurring when percentiles fall within the range defined by highest_high and lowest_low but don't meet strong trend criteria. Bull Strength and Bear Strength: bullStrength and bearStrength are calculated based on counts of bullish, bearish, weak bullish, and weak bearish conditions, representing overall trend strength. Strong Bull and Bear Conditions: These conditions arise when the 75th percentile of high prices (bull conditions) or the 25th percentile of low prices (bear conditions) surpass or dip below the highest high or lowest low, respectively, for the specified period. Strong conditions indicate robust trends with significant price movements. Weak Bull and Bear Conditions: Weak conditions occur when percentiles fall within the range between highest_high and lowest_low, suggesting some bullish or bearish tendencies without reaching extreme levels. These imply less decisive trends. Current Trend Identification: The current trend is determined by comparing bullStrength and bearStrength. A greater bullStrength indicates a Bull trend, greater bearStrength implies a Bear trend, and equal values denote No Trend (N/A).
Indicatore Pine Script®
di federalTacos5392b
3
Percentile Based Trend StrengthThe "Percentile Based Trend Strength" (PBTS) calculates trend strength based on percentile values of high and low prices for various length periods and then identifies the current trend as either Bullish, Bearish, or N/A (No Trend). Here's a step-by-step explanation of the code: Percentile Calculations: For each specified length period (13, 21, 34, 55, 89, and 144 - Fibonacci numbers), the code calculates the 75th percentile of high prices (e.g., percentile_13H) and the 25th percentile of low prices (e.g., percentile_13L). These percentiles represent levels that prices need to exceed or fall below to indicate a strong trend. Calculate Highest High and Lowest Low: The highest high (75th percentile high price of longest length) and lowest low (25th percentile low price of longest length) for the longest length period (144) are calculated as highest_high and lowest_low. These values represent threshold price levels . Trend Strength Conditions: The code calculates various conditions to determine trend strength. For each percentile value and each length period, it checks if the percentile value is greater than the highest high (trendBull) or less than the lowest low (trendBear). These conditions are used to assess the strength of the bullish and bearish trends. Count Bull and Count Bear: The countBull and countBear variables count the number of bullish and bearish conditions met, respectively. These counts help evaluate trend strength. Weak Bull and Weak Bear Count: The code calculates the number of weak bullish and bearish conditions. Weak conditions occur when a percentile value falls within the range defined by the highest high and lowest low but doesn't meet the strong trend criteria. Bull Strength and Bear Strength: bullStrength and bearStrength are calculated based on the counts of bullish, bearish, weak bullish, and weak bearish conditions. These values represent the overall strength of the bullish and bearish trends. Strong Bull and Bear Conditions: These conditions occur when the 75th percentile of high prices (for bull conditions) or the 25th percentile of low prices (for bear conditions) exceeds or falls below the highest high or lowest low, respectively, for the specified length period. Strong bull conditions indicate a strong upward trend, while strong bear conditions indicate a strong downward trend. Strong conditions are indicative of more significant price movements and are considered as primary signals of trend strength. Weak Bull and Bear Conditions: Weak bull and bear conditions are more nuanced. They occur when the 75th percentile of high prices (for weak bull conditions) or the 25th percentile of low prices (for weak bear conditions) falls within the range defined by the highest high and lowest low for the specified length period. In other words, prices are not strong enough to reach the extreme levels represented by the highest high or lowest low, but they still exhibit some bullish or bearish tendencies within that range. Weak conditions suggest a less robust trend. They may indicate that while there is some bias toward a bullish or bearish trend, it is not as strong or decisive as in the case of strong conditions. Current Trend Identification: The current trend is determined by comparing bullStrength and bearStrength. If bullStrength is greater, it's considered a Bull trend; if bearStrength is greater, it's a Bear trend. If they are equal, the trend is identified as N/A (No Trend). Displaying Trend Information: The code creates a table to display the current trend, reversal probability (strength), count of bullish and bearish conditions, weak bullish and weak bearish counts, and colors the text accordingly. Plotting Percentiles: Finally, the code plots the percentile lines for visualization, with 20% transparency. It also plots the highest high and lowest low lines (75th and 25th percentile of the longest length 144) using their original colors. In summary, this indicator calculates trend strength based on percentile levels of high and low prices for different length periods. It then counts the number of bullish and bearish conditions, factors in weak conditions, and compares the strengths to identify the current trend as Bullish, Bearish, or No Trend. It provides a table with trend information and visualizes percentile lines on the chart.
Indicatore Pine Script®
di federalTacos5392b
1
Dee_MeterHere's how you can effectively use the Dee Meter indicator: 1. **Understanding the Basics**: - Dee Meter evaluates the market sentiment across various sectors. - It calculates the overall market trend and presents it in percentage form through a line graph. 2. **Indicator Results**: - When you add the Dee Meter indicator to your chart, you'll notice two key results: Bull and Bear percentages, along with a line graph. - The Bull percentage reflects the strength of bullish (positive) sentiment, while the Bear percentage indicates bearish (negative) sentiment. - For example, if the Bull percentage is 55% and the Bear percentage is 45%, it signifies that the bulls currently have a stronger influence in the market. 3. **Interpreting Percentages**: - Utilize the Bull and Bear percentages to craft your analysis strategy. - A high Bull percentage in a bullish market suggests strong bullish momentum. - In the case of a bullish trend showing signs of weakening (e.g., a double top pattern), monitor the Bull and Bear percentages for early reversal indications. - A decrease in the Bull percentage and an increase in the Bear percentage could hint at a potential market reversal. 4. **Line Graph Analysis**: - The line graph visually depicts the strength of bulls (green line) and bears (red line) over time. - During a bullish trend, the green line rises while the red line remains lower, indicating bullish strength. - Conversely, during a bearish trend, the red line climbs higher, indicating bearish dominance. 5. **Cross Over and Cross Under**: - Cross-over and cross-under scenarios occur when the market abruptly reverses direction. - For instance, in a bullish market that suddenly turns bearish, the red line could cross above the green line, indicating increased bearish power. - In a bearish market that experiences a sudden influx of buying activity, the green line might cross above the red line, signifying strong buying interest. 6. **Applying the Indicator**: - Use the Dee Meter to build your own trading strategies and make informed decisions. - Keep an eye on changes in Bull and Bear percentages to identify shifts in market sentiment. - Monitor line graph movements to assess the relative strength of bulls and bears. In summary, the Dee Meter indicator is a valuable tool for assessing market sentiment and confirming trends in the Indian market. By understanding and utilizing the Bull and Bear percentages, line graph analysis, and cross-over/cross-under scenarios, you can develop effective trading strategies and trade with greater confidence.
Indicatore Pine Script®
di DeepakGB