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ADR % RangesThis indicator is designed to visually represent percentage lines from the open of the day. The % amount is determined by X amount of the last days to create an average...or Average Daily Range (ADR). 1. ADR Percentage Lines: The core function of the script is to apply lines to the chart that represent specific percentage changes from the daily open. It first calculates the average over X amount of days and then displays two lines that are 1/3rd of that average. One line goes above the other line goes below. The other two lines are the full "range" of the average. These lines can act as boundaries or targets to know how an asset has moved recently. *Past performance is not indicative of current or future results. The calculation for ADR is: Step 1. Calculate Today's Range = DailyHigh - DailyLow Step 2. Store this average after the day has completed Step 3. Sum all day's ranges Step 4. Divide by total number of days Step 5. Draw on chart 2. Customizable Inputs: Users have the flexibility to customize the script through various inputs. This includes the option to display lines only for the current trading day (`todayonly`), and to select which lines are displayed. The user can also opt to show a table the displays the total range of previous days and the average range of those previous days. 3. No Secondary Timeframe: The ADR is computed based on whatever timeframe the chart is and does not reference secondary periods. Therefore the script cannot be used on charts greater than daily. This script is can be used by all traders for any market. The trader might have to adjust the "X" number of days back to compute a historical average. Maybe they only want to know the average over the past week (5 days) or maybe the past month (20 days).
Indicatore Pine Script®
di GoodGains
4
BTC Backwardation SearcherThis Pine Script code is a custom indicator named "BTC Backwardation Searcher" designed for the TradingView platform. The indicator aims to identify and visualize the price difference between two Bitcoin futures contracts: CME:BTC1! and CME:BTC2!. Here's a breakdown of the code: 1. The script fetches the daily close prices of CME:BTC1! and CME:BTC2! using the security() function. 2. It calculates the percentage price difference between the two contracts using the formula: (btc1Price - btc2Price) / btc2Price * 100. 3. The script also calculates the price difference for the previous two days (2 days ago and 3 days ago) using the same formula. 4. Two conditions are defined: (1) dailyGreenCondition: If the price difference is greater than or equal to 0.3% for three consecutive days, including the current day and the previous two days. (2) dailyRedCondition(commented): If the price difference is less than or equal to -1% for three consecutive days, including the current day and the previous two days. (I commented it out because I don't think it's useful.) 5. The plotshape() function is used to display green triangles on the chart when the dailyGreenCondition is met, and red triangles when the dailyRedCondition is met. These triangles are displayed on the daily, weekly, and monthly timeframes. The purpose of this indicator is to help traders identify potential trading opportunities based on the price difference between the two Bitcoin futures contracts. The green triangles suggest a bullish scenario where CME:BTC1! is significantly higher than CME:BTC2!, while the red triangles indicate a bearish scenario where CME:BTC2! is significantly lower than CME:BTC1!. However, it's important to note that this indicator should be used in conjunction with other technical analysis tools and fundamental analysis. Traders should also consider their risk tolerance, investment goals, and market conditions before making any trading decisions based on this indicator.
Indicatore Pine Script®
di Ikboong
AnyTimeAndPrice This indicator allows users to input a specific start time and display the price of a lower timeframe on a higher timeframe chart. It offers customization options for: - Display name - Label color - Line extension By adding multiple instances of the AnyTimeframeTimeAndPrice indicator, each customized for different times and prices, you can create a powerful and flexible tool for analyzing market data. Here's a potential setup: 1. Instance 1: - Time: 08:23 - Price: Open - Display Name: "8:23 Open" - Label Color: Green 2. Instance 2: - Time: 12:47 - Price: High - Display Name: "12:47 High" - Label Color: Red 3. Instance 3: - Time: 15:19 - Price: Low - Display Name: "3:19 Low" - Label Color: Blue 4. Instance 4: - Time: 16:53 - Price: Close - Display Name: "4:53 Close" - Label Color: Yellow By having multiple instances, you can: - Track different times and prices on the same chart - Customize the display names, label colors, and line extensions for each instance - Easily compare and analyze the relationships between different times and prices This setup can be particularly useful for: - Identifying key levels and support/resistance areas - Analyzing market trends and patterns - Making more informed trading decisions Inputs: 1. AnyStartHour: Integer input for the start hour (default: 09, range: 0-23) 2. AnyStartMinute: Integer input for the start minute (default: 30, range: 0-59) 3. Sourcename: String input for the display name (default: "Open", options: "Open", "Close", "High", "Low") 4. Src_col: Color input for the label color (default: aqua) 5. linetimeExtMulti: Integer input for the line time extension (default: 1, range: 1-5) Calculations: 1. AnyinputStartTime: Timestamp for the input start time 2. inputhour and inputminute: Hour and minute components of the input start time 3. formattedAnyTime: Formatted string for the input start time (HH:mm) 4. currenttime: Current timestamp 5. currenthour and currentminute: Hour and minute components of the current time 6. formattedTime: Formatted string for the current time (HH:mm) 7. onTime and okTime: Boolean flags for checking if the current time matches the input start time or is within the session 8. firstbartime: Timestamp for the first bar of the session 9. dailyminutesfromSource: Calculation for the daily minutes from the source 10. anyminSrcArray: Request security lower timeframe array for the source 11. ltf (lower timeframe): Integer variable for tracking the lower timeframe 12. Sourcevalue: Float variable for storing the source value 13. linetimeExt: Integer variable for line extension (calculated from linetimeExtMulti) Logic: 1. Check if the current time matches the input start time or is within the session 2. If true, plot a line and label with the source value and formatted time 3. If not, check if the current time is within the daily session and plot a line and label accordingly Notes: - The script uses request.security_lower_tf to request data from a lower timeframe - The script uses line.new and label.new to plot lines and labels on the chart - The script uses str.format_time to format timestamps as strings (HH:mm) - The script uses xloc.bar_time to position lines and labels at the bar time This script allows users to input a specific start time and display the price of a lower timeframe on a higher timeframe chart, with options for customizing the display name, label color, and line extension.
Indicatore Pine Script®
di OneHolo
Real-Time Open Levels with Labels + Info TableReal-Time Multi-Timeframe Open Levels with Labels & Info Panel Overview This indicator displays real-time opening price levels across multiple timeframes (Monthly, Weekly, Daily, 4H) directly on your chart. It features: • Dynamic horizontal lines extending through each timeframe period • Customizable labels with text/colors • Special 4H line treatment for the last hour (5-min charts only) • Integrated information panel showing symbol, timeframe, and price changes ! (www.tradingview.com) *Example showing multiple timeframe levels with labels and info panel* --- Features & Configuration 1. Monthly Settings ! (www.tradingview.com) Show Monthly: Toggle visibility of monthly opening price Color: Semi-transparent blue (#2196F3 at 70% opacity) Width: 2px line thickness Style: Solid/Dotted/Dashed Label: Display "M-Open" text with white text on blue background 2. Weekly Settings ! (www.tradingview.com) Show Weekly: Toggle weekly opening price visibility Color: Semi-transparent red (#FF5252 at 70% opacity) Width: 1px thickness Style: Dotted by default Label: "W-Open" text in white on red background 3. Daily Settings ! (www.tradingview.com) Show Daily: Toggle daily opening price Color: Amber (#FFA000 at 70% opacity) Width: 2px thickness Style: Solid Label: "D-Open" in white on orange background --- 4. 4-Hour Settings (5-Minute Charts Only) Special Features for 5-Min Timeframe: 1. Standard 4H Line • First 3 hours: Green (#4CAF50) dashed line • Last hour: Bright red solid line (configurable) • Vertical divider between 3rd/4th hours 2. Configuration Options • Main 4H Line: ◦ Color/Width/Style for initial 3 hours ◦ Toggle label ("H4-Open") visibility and styling • Final Hour Enhancement: *Last Hour Line* ◦ Unique red color and line style ◦ Separate width (1px) and style (Solid) *Divider Line* ◦ Vertical red dotted line marking last hour ◦ Adjustable position/width/transparency ! (www.tradingview.com) *4H levels showing 3-hour segment and final hour treatment* --- 5. Info Panel Settings Positioning: • Anchor to any chart corner (Top/Bottom + Left/Right combinations) • Three text sizes: Title (Huge), Change % (Large), Signature (Small) Display Elements: • Symbol: Show exchange prefix (e.g., "NASDAQ:") • Timeframe: Current chart period (e.g., "5m") • Change %: 24-hour price movement ▲/▼ percentage • Custom Signature: Add text/username in footer Styling: • Semi-transparent white text (#ffffff77) • Currency pair formatting (e.g., BTC/USD vs BTC-USD) ! (www.tradingview.com) *Sample info panel with all elements enabled* --- Usage Tips 1. Multi-Timeframe Context: Use levels to identify key daily/weekly support/resistance 2. 4H Trading: On 5-min charts, watch for price reactions near final hour transition 3. Customization: • Match line colors to your chart theme • Use different labels for clarity (e.g., "Weekly Open") • Disable unused elements to reduce clutter 4. Divider Lines: Helps identify institutional trading periods (hour closes) --- *Created using Pine Script v6. For optimal performance, use on charts <1H timeframe. ()*
Indicatore Pine Script®
di trader-KK
Highs & Lows - Multi TimeFrame### **📌 HL-MWD (Highs & Lows - Multi Timeframe Indicator) – Community Release** #### **🔹 Overview** The **HL-MWD Indicator** is a **multi-timeframe support & resistance tool** that plots **historical highs and lows** from **daily, weekly, and monthly timeframes** onto an intraday chart. It helps traders **identify key levels of support and resistance** that have influenced price action over different timeframes. This indicator is useful for **day traders, swing traders, and position traders** who rely on **multi-timeframe analysis** to spot critical price levels. --- ### **🔥 Key Features** ✅ **Plots Highs & Lows for Daily, Weekly, and Monthly Timeframes** ✅ **Customizable Lookback Periods for Each Timeframe** ✅ **Adjustable Line Colors, Styles (Solid, Dotted, Dashed), and Widths** ✅ **Extend Lines into the Future to Identify Key Price Levels** ✅ **Option to Display Price Labels for Each Level** ✅ **Gradient Option to Highlight Recent Highs & Lows (Disabled by Default)** ✅ **Compatible with Intraday, Daily, and Weekly Charts** --- ### **📈 How It Works** - **Daily Highs & Lows:** Captures the **highest and lowest prices** within the selected lookback period (default: **14 bars**). - **Weekly Highs & Lows:** Marks the **highest and lowest prices** within the chosen weekly lookback (default: **52 bars**). - **Monthly Highs & Lows:** Displays the **high and low points** from the monthly timeframe (default: **36 bars**). - **Extended Lines:** Project past highs and lows **into the future** to help identify **potential support & resistance zones**. --- ### **⚠️ TradingView Lookback Limitations** 🔹 **TradingView has a limit on how many historical bars can be accessed per timeframe**, which affects how far back the indicator can retrieve data. 🔹 **Intraday charts (e.g., 5m, 15m) have a limited number of past bars**, meaning: - **You won’t be able to view 36 months' worth of monthly levels** on a **5-minute chart**, because TradingView doesn’t store that much data in lower timeframes. - **If multiple timeframes (e.g., weekly + monthly) are enabled at the same time**, some historical data may **not be available on shorter timeframes**. 🔹 **Recommendation:** - If using **monthly lookbacks (36 months+), view them on a daily or higher timeframe**. - If using **weekly lookbacks (52 weeks+), higher intraday timeframes (e.g., 1-hour, 4-hour) are better suited**. - **Lower timeframes (1m, 5m, 15m) may miss some levels** if TradingView's bar limit is exceeded. --- ### **⚙️ Customization Options** | **Setting** | **Default Value** | **Description** | |------------------|----------------|----------------| | **Daily Lookback** | `14` | Number of bars used to calculate daily highs/lows. | | **Weekly Lookback** | `52` | Number of bars used to calculate weekly highs/lows. | | **Monthly Lookback** | `36` | Number of bars used to calculate monthly highs/lows. | | **Line Colors** | Daily: `Blue` Weekly: `Green` Monthly: `Red` | Customizable colors for each timeframe. | | **Line Style** | `Solid` | Options: Solid, Dashed, Dotted. | | **Line Width** | `1` | Thickness of the plotted lines. | | **Extend Line** | `1` | Controls how far the highs/lows extend into the future. | | **Display Price Labels** | `Enabled` | Shows price labels on each level. | --- ### **🛠️ How to Use It** - **Enable/disable different timeframes** based on your strategy. - **Customize colors, line styles, and widths** to match your charting style. - **Use extended lines to identify support & resistance zones.** - **Watch price reactions at these levels** for potential entries, exits, and stop-loss placements. --- ### **🚀 Final Thoughts** The **HL-MWD Indicator** is a **powerful multi-timeframe tool** that helps traders **visualize key support & resistance levels** from higher timeframes on an intraday chart. ⚠️ **However, TradingView’s lookback limits apply—so for longer-term levels, higher timeframes are recommended.** 📌 **Now published for the community!** Let me know if you need any last-minute tweaks! 🔥
Indicatore Pine Script®
di Bucknut206
MTF Moving Averages (only EMA)MTF Moving Averages (only EMA) This script provides a Multi-Timeframe (MTF) Exponential Moving Average (EMA) indicator for traders to visualize multiple EMAs across different timeframes directly on a single chart. The indicator dynamically calculates and plots up to four EMAs per timeframe (15-minute, 30-minute, 1-hour, and Daily) with user-defined lengths, offering valuable insight into price trends and potential entry or exit points. Key Features: Multiple Timeframe Support: The script allows you to view EMAs from different timeframes simultaneously. This is especially useful for traders who follow trends across different timeframes to make more informed decisions. Customizable Lengths: For each timeframe, the lengths of the EMAs are fully customizable. You can adjust the length of up to four EMAs per timeframe to suit your strategy. EMA Calculation: The Exponential Moving Average (EMA) is used, which gives more weight to recent prices and reacts faster to price changes compared to the simple moving average (SMA). Timeframe Flexibility: The indicator supports the following timeframes: 15-minute: Ideal for short-term traders and scalpers. 30-minute: For intraday trading with a slightly longer perspective. 1-hour: Suitable for swing traders and those who prefer a more medium-term view. Daily: Great for longer-term trend-following strategies. Interactive and User-Friendly: You can toggle the visibility of each EMA on each timeframe, allowing you to choose exactly which EMAs you wish to display, depending on your trading strategy. Color-Coded for Clarity: The script uses distinct colors for each EMA on the chart: Blue: EMA1 Green: EMA2 Red: EMA3 Purple: EMA4 Line Width Customization: Each plotted EMA line has a customizable width for better visual clarity. Use Case: Traders who use multiple timeframes for analysis (e.g., those using the "multi-timeframe analysis" technique) will find this script particularly useful. For example, a trader may look at the 15-minute chart to catch short-term movements, the 30-minute chart for intraday trends, the 1-hour chart for swing positions, and the Daily chart for identifying the overarching market trend. The script enables them to view the EMAs for all these timeframes in one glance without having to manually switch between them. By observing the relationships between EMAs across multiple timeframes, traders can gain valuable insights into market conditions such as: Crossovers: When a shorter-term EMA crosses above or below a longer-term EMA, it can signal a potential trend reversal or continuation. Trend Strength: Multiple EMAs in alignment across different timeframes can indicate strong trend strength. Support and Resistance: EMAs can act as dynamic support and resistance levels, guiding traders on price action levels to watch for potential price reversals. Instructions: Enable/Disable EMAs: Toggle on or off the EMAs for each timeframe (15-min, 30-min, 1-hour, Daily) using the script’s settings. Adjust EMA Lengths: Change the default lengths for each EMA to match your preferred settings for different timeframes. Monitor Key Levels: Watch how price interacts with the plotted EMAs to spot potential trading signals based on your strategy. This indicator is designed to enhance your multi-timeframe analysis and help make more informed, data-driven trading decisions.
Indicatore Pine Script®
di Vishy5
Previous Day and Current Day High/LowKey Features: Previous Day High and Low Lines: Displays the high (PDH) and low (PDL) levels of the previous trading day. Allows customization of line colors, styles (solid, dashed, or dotted), and widths. Extends these lines by a specified number of candles into the current day for better visualization. Current Day High and Low Lines: Displays the high (CDH) and low (CDL) levels during the current day's regular trading hours. Customizable line attributes, including color, style, width, and extension length. Customizable Input Options: User-configurable settings for both the previous and current day high/low lines, grouped under respective sections for clarity. Regular trading hours can be defined manually (default is 9:30 AM to 4:00 PM). Ability to toggle the visibility of the lines for both the previous and current days. Automatic Reset at the Start of a New Day: Captures the high and low values of the completed day and resets for the new day. Deletes old lines and labels to ensure clarity and avoid overlap. Dynamic Updates: Updates the current day's high and low lines and labels as new data comes in. Adjusts previous day lines dynamically based on the user-defined number of candles to extend. Session-Based Filtering: Ensures the calculations and updates are restricted to the defined regular trading hours. Code Logic: Input Groups: The script uses grouped inputs to allow users to configure settings for previous and current day levels separately. Line and Label Management: It creates and deletes lines and labels dynamically to prevent clutter and keep the chart organized. Session Check: Uses the session input to determine if a bar falls within regular trading hours. High/Low Calculation: Tracks the high and low for both the previous and current days during regular trading hours. New Day Detection: Identifies the start of a new trading day to update previous day values and reset current day variables. Applications: Intraday Trading: Helps traders identify critical support and resistance levels from the previous and current days. Trend Analysis: Provides visual cues for price movement trends across consecutive days. Custom Visualization: With extensive customization options, traders can adapt the indicator to suit their trading style and chart aesthetics. This script is highly configurable, making it versatile for a wide range of trading strategies and styles.
Indicatore Pine Script®
di avithekkc
5
Depth of Market (DOM) [LuxAlgo]The Depth Of Market (DOM) tool allows traders to look under the hood of any market, taking price and volume analysis to the next level. The following features are included: DOM, Time & Sales, Volume Profile, Depth of Market, Imbalances, Buying Pressure, and up to 24 key intraday levels (it really packs a punch). As a disclaimer, this tool does not use tick data, it is a DOM reconstruction from the provided real-time time series data (price and volume). So the volume you see is from filled orders only, this tool does not show unfilled limit orders. Traders can enable or disable any of the features at will to avoid being overwhelmed with too much information and to make the tool perform faster. The features that have the biggest impact on performance are Historical Data Collection, Key Levels (POC & VWAP), Time & Sales, Profile, and Imbalances. Disable these features to improve the indicator computational performance. 🔶 DOM This is the simplest form of the tool, a simple DOM or ladder that displays the following columns: PRICE: Price level BID: Total number of market sell orders filled or limit buy orders filled. SELL: Sell market orders BUY: Buy market orders ASK: Total number of market buy orders filled or limit sell orders filled. The DOM only collects historical data from the last 24 hours and real-time data. Traders can select a reset period for the DOM with two options: DAILY: Resets at the beginning of each trading day SESSIONS: Resets twice, as DAILY and 15.5 hours later, to coincide with the start of the RTH session for US tickers. The DOM has two main modes, it can display price levels as ticks or points. The default is automatic based on the current daily volatility, but traders can manually force one mode or the other if they wish. For convenience, traders have the option to set the number of lines (price levels), and the size of the text and to display only real-time data. By default, the top price is set to 0 so that the DOM automatically adjusts the price levels to be displayed, but traders can set the top price manually so that the tool displays only the desired price levels in a fixed manner. 🔹 Volume Profile As additional features to the basic DOM, traders have access to the volume profile histogram and the total volume per price level. This helps traders identify at a glance key price areas where volume is accumulating (high volume nodes) or areas where volume is lacking (low volume nodes) - these areas are important to some traders who base their decision-making process on them. 🔹 Imbalances Other added features are imbalances and buying pressure: Interlevel Imbalance: volume delta between two different price levels Intralevel Imbalance: delta between buy and sell volume at the same price level Buying Pressure Percent: percentage of buy volume compared to total volume Imbalances can help traders identify areas of interest in the price for possible support or resistance. 🔹 Depth Depth allows traders to see at a glance how much supply is above the current price level or how much demand is below the current price level. Above the current price level shows the cumulative ask volume (filled sell limit orders) and below the current price level shows the cumulative bid volume (filled buy limit orders). 🔶 KEY LEVELS The tool includes up to 24 different key intraday levels of particular relevance: Previous Week Levels PWH: Previous week high PWL: Previous week low PWM: Previous week middle PWS: Previous week settlement (close) Previous Day Levels PDH: Previous day high PDL: Previous day low PDM: Previous day middle PDS: Previous day settlement (close) Current Day Levels OPEN: Open of day (or session) HOD: High of day (or session) LOD: Low of day (or session) MOD: Middle of day (or session) Opening Range ORH: Open range high ORL: Open range low Initial Balance IBH: Initial balance high IBL: Initial balance low VWAP +3SD: Volume weighted average price plus 3 standard deviations +2SD: Volume weighted average price plus 2 standard deviations +1SD: Volume weighted average price plus 1 standard deviation VWAP: Volume weighted average price -1SD: Volume weighted average price minus 1 standard deviation -2SD: Volume weighted average price minus 2 standard deviations -3SD: Volume weighted average price minus 3 standard deviations POC: Point of control Different traders look at different levels, the key levels shown here are objective and specific areas of interest that traders can act on, providing us with potential areas of support or resistance in the price. 🔶 TIME & SALES The tool also features a full-time and sales panel with time, price, and size columns, a size filter, and the ability to set the timezone to display time in the trader's local time. The information shown here is what feeds the DOM and it can be useful in several ways, for example in detecting absorption. If a large number of orders are coming into the market but the price is barely moving, this indicates that there is enough liquidity at these levels to absorb all these orders, so if these orders stop coming into the market, the price may turn around. 🔶 SETTINGS Period: Select the anchoring period to start data collection, DAILY will anchor at the start of the trading day, and SESSIONS will start as DAILY and 15.5 hours later (RTH for US tickers). Mode: Select between AUTO and MANUAL modes for displaying TICKS or POINTS, in AUTO mode the tool will automatically select TICKS for tickers with a daily average volatility below 5000 ticks and POINTS for the rest of the tickers. Rows: Select the number of price levels to display Text Size: Select the text size 🔹 DOM DOM: Enable/Disable DOM display Realtime only: Enable/Disable real-time data only, historical data will be collected if disabled Top Price: Specify the price to be displayed on the top row, set to 0 to enable dynamic DOM Max updates: Specify how many times the values on the SELL and BUY columns are accumulated until reset. Profile/Depth size: Maximum size of the histograms on the PROFILE and DEPTH columns. Profile: Enable/Disable Profile column. High impact on performance. Volume: Enable/Disable Volume column. Total volume traded at price level. Interlevel Imbalance: Enable/Disable Interlevel Imbalance column. Total volume delta between the current price level and the price level above. High impact on performance. Depth: Enable/Disable Depth, showing the cumulative supply above the current price and the cumulative demand below. Impact on performance. Intralevel Imbalance: Enable/Disable Intralevel Imbalance column. Delta between total buy volume and total sell volume. High impact on performance. Buying Pressure Percent: Enable/Disable Buy Percent column. Percentage of total buy volume compared to total volume. Imbalance Threshold %: Threshold for highlighting imbalances. Set to 90 to highlight the top 10% of interlevel imbalances and the top and bottom 10% of intra-level imbalances. Crypto volume precision: Specify the number of decimals to display on the volume of crypto assets 🔹 Key Levels Key Levels: Enable/Disable KEY column. Very high performance impact. Previous Week: Enable/Disable High, Low, Middle, and Close of the previous trading week. Previous Day: Enable/Disable High, Low, Middle, and Settlement of the previous trading day. Current Day/Session: Enable/Disable Open, High, Low and Middle of the current period. Open Range: Enable/Disable High and Low of the first candle of the period. Initial Balance: Enable/Disable High and Low of the first hour of the period. VWAP: Enable/Disable Volume-weighted average price of the period with 1, 2, and 3 standard deviations. POC: Enable/Disable Point of Control (price level with the highest volume traded) of the period. 🔹 Time & Sales Time & Sales: Enable/Disable time and sales panel. Timezone offset (hours): Enter your time zone\'s offset (+ or −), including a decimal fraction if needed. Order Size: Set order size filter. Orders smaller than the value are not displayed. 🔶 THANKS Hi, I'm makit0 coder of this tool and proud member of the LuxAlgo Opensource team, it's an honor to be part of the LuxAlgo family doing something I love as it's writing opensource code and sharing it with the world. I'd like to thank all of you who use, comment on, and vote for all of our open-source tools, and all of you who give us your support. And of course thanks to the PineCoders family for all the work in front of and behind the scenes that makes the PineScript community what it is, simply the best. Peace, Love & PineScript!
Indicatore Pine Script®
di LuxAlgo
24
BINANCE-BYBIT Cross Chart: Spot-Perpetual CorrelationName: "Binance-Bybit Cross Chart: Spot-Perpetual Correlation" Category: Scalping, Trend Analysis Timeframe: 1M, 5M, 30M, 1D (depending on the specific technique) Technical analysis: This indicator facilitates a comparison between the price movements shown on the Binance spot chart and the Bybit perpetual chart, with the aim of discerning the correlation between the two charts and identifying the dominant market trends. It automatically generates the corresponding chart based on the ticker selected in the primary chart. When a Binance pair is selected in the main chart, the indicator replicates the Bybit perpetual chart for the same pair and timeframe, and vice versa, selecting the Bybit perpetual chart as the primary chart generates the Binance spot chart. Suggested use: You can utilize this tool to conduct altcoin trading on Binance or Bybit, facilitating the comparison of price actions and real-time monitoring of trigger point sensitivity across both exchanges. We recommend prioritizing the Binance Spot chart in the main panel due to its typically longer historical data availability compared to Bybit. The primary objective is to efficiently and automatically manage the following three aspects: - Data history analysis for higher timeframes, leveraging the extensive historical data of the Binance spot market. Variations in indicators such as slow moving averages may arise due to differences in historical data between exchanges. - Assessment of coin liquidity on both exchanges by observing candlestick consistency on smaller timeframes or the absence of gaps. In the crypto market, clean charts devoid of gaps indicate dominance and offer enhanced reliability. - Identification of precise trigger point levels, including daily, previous day, or previous week highs and lows, which serve as sensitive areas for breakout or reversal operations. All-Time High (ATH) and All-Time Low (ATL) levels may vary significantly across exchanges due to disparities in historical data series. This tool empowers traders to make informed decisions by leveraging historical data, liquidity insights, and precise trigger point identification across Binance Spot and Bybit Perpetual market. Configuration: EMA length: - EMA 1: Default 5, user configurable - EMA 2: Default 10, user configurable - EMA 3: Default 60, user configurable - EMA 4: Default 223, user configurable - Additional Average: Optional display of an additional average, such as a 20-period average. Chart Elements: - Session separator: Indicates the beginning of the current session (in blue) - Background: Indicates an uptrend (60 > 223) with a green background and a downtrend (60 < 223) with a red background. Instruments: - EMA Daily: Shows daily averages on an intraday timeframe. - EMA levels 1h - 30m: Shows the levels of the 1g-30m EMAs. - EMA Levels Highest TF: Provides the option to select additional EMA levels from the major timeframes, customizable via the drop-down menu. - "Hammer Detector: Marks hammers with a green triangle and inverted hammers with a red triangle on the chart - "Azzeramento" signal on TF > 30m: Indicates a small candlestick on the EMA after a dump. - "No Fomo" signal on TF < 30m: Indicates a hyperextended movement. Trigger Points: - Today's highs and lows: Shows the opening price of the day's candlestick, along with the day's highs and lows (high in purple, low in red, open in green). - Yesterday's highs and lows: Displays the opening price of the daily candlestick, along with the previous day's highs and lows (high in yellow, low in red). You can customize the colors in "Settings" > "Style". It is best used with the Scalping The Bull indicator on the main panel. Credits: @tumiza999: for tests and suggestions. Thanks for your attention, happy to support the TradingView community.
Indicatore Pine Script®
di TheSocialCryptoClub
Live Economic Calendar by toodegrees⚠️ PLEASE READ ⚠️ Although this indicator is accurate in showcasing live and upcoming News Events, checking the original sources is always suggested. This indicator aims to save Time, but due to limitations it may not be 100% correct 100% of the Time. Description: The Live Economic Calendar indicator seamlessly integrates with external news sources to provide real-Time, upcoming, and past financial news directly on your Tradingview chart. By having a clear understanding of when news are planned to be released, as well as their respective impact, analysts can prepare their weeks and days in advance. These injections of volatility can be harnessed by analysts to support their thesis, or may want to be avoided to ensure higher probability market conditions. Fundamentals and news releases transcend the boundaries of technical analysis, as their effects are difficult to predict or estimate. Designed for both novice and experienced traders, the Live Economic Calendar indicator enhances your analysis by keeping you informed of the latest and upcoming market-moving news. This is achieved with three different visual components: News Table: A dedicated News Table shows the Day of the Week, Date, Time of the Day, Currency, Expected Impact, and News Name for each event (in chronological order). Once a news event has occurred, or the day is over, it will be greyed out – helping to focus on the next upcoming news events. News Lines: Vertical lines plotted in the future help analysts monitor upcoming news events; vertical lines in the past help analysts spot and backtest previous news events that already occurred. News Labels: Color-coded news labels will plot once the news events have occurred. This not only gives analysts a minimalistic visual cue, but also retains the information of which news were released at that Time in their tooltips. Forex Factory Calendar News Feed: The Forex Factory Data Feed includes news events from January 2007 to the present. The data is updated daily. Please see the Technical Description below for more information. Forex Factory provides news for all major currencies and markets: Australia (AUD) Canada (CAD) Switzerland (CHF) China (CNY) European Union (EUR) United Kingdom (GBP) Japan (JPY) New Zealand (NZD) United States of America (USD) Further, there are four types of news impact, defined by respective color-coding which is retained to avoid confusion: ⚪ Holiday 🟡 Low Impact 🟠 Medium Impact 🔴 High Impact News' Time of the day data is in 24H format, and 'All Day' news are marked at Daily candle open. ⚠️ Original Release Notes ⚠️ The original release of this indicator supports the Forex Factory News Calendar in EST (New York Time). Future updates will include multiple news sources, as well as supporting different Timezones. Given Data limitations, the Daily chart can omit some data due to the market being close on some days. This will be fixed in the future once an efficient solution is implemented. Key Features: Impact-Based News Filtering: Filter news items based on their expected impact (holiday, low, medium, high) to focus on the most market-critical information. Symbol-Specific News: Automatically filter news to display only what's relevant to the currency pair or trading symbol you are analyzing. Custom Currency News: Want to see more than the news relevant to the current symbol? Toggle which markets' news you are most interested in. Chart History: Keep your charts clean by displaying only the drawings of Today's news, or This Week's news. Custom Lookback: Look further back in Time by choosing a custom number of Lookback Days, allowing you to backtest and keep in mind salient news events from the past. Line and Label Customization: Both the News Lines and Labels are highly customizable (except the colors), allowing you to make the indicator yours. Table History: Choose whether to focus on Today's news only, or the news for This Week. Table Customization: The table colors and position are highly customizable, allowing you to make it fit your visual preference and your layouts' aesthetic. "Wondering how it's done? 👇" Technical Description: This script utilizes Pine Seeds , a service integrated with TradingView for importing custom data. This stunning feature enables users to upload and access custom End Of Day (EOD) data, which can be updated as frequently as five times daily. This data can be imported in one of two formats: Single Value: integer or float Candle Data: open, high, low, close, volume Upon encountering Pine Seeds, I recognized its potential for importing financial news events. Given that Forex Factory is a primary source of financial news in my personal analysis, integrating it into my layouts seemed like an exciting opportunity. This integration is expected to provide significant value to users looking to integrate additional news feeds all in one place. Development Challenges: Format Limitations: News events must be converted into numerical values for import, due to the required Pine Seeds format. Amount of Data: With all currencies considered, the system may encounter over 40 news events in a single day. Data Availability: The reliance on End Of Day (EOD) data means that information for the current day is displayed with a delay, and accessing future data is not possible. Solutions: Encoding: Each news event is encoded as an integer in the "DCHHMMITYP" format. D = day of the week C = currency HHMM = Time of day I = news impact TYP = event ID (see Event Library A and Event Library B ) To ensure data assignment for each candle across the open, high, low, close, and volume series, the value "999" is used as a placeholder: Importing: Utilizing the encoding system, up to five news events per day can be imported for a singular Pine Seeds custom symbol. By creating multiple custom Pine Seeds Symbols, efficient imports of a larger number of events is then easily achievable. Nine unique symbols have been established, accommodating up to 45 news events per day. These symbols are searchable, and accessible as " TOODEGREES_FOREX_FACTORY_SLOT_N " where N ranges from 1 to 9. The Pine Seeds data feed appears as follows: Uploading Schedule: To ensure analysts are informed about current and upcoming week's news, events are uploaded one week in advance. This approach is vital for preparing for potential market impacts across various asset classes and currencies, allowing visibility of an entire week's news ahead of Time. Data Scraping: Unfortunately Forex Factory doesn't offer an API to fetch their news feed. Hence an ad hoc python scraper was developed to read and save news events from January 2007 till the present leveraging Selenium. The scraper algorithm is part of a larger script responsible for scraping data, formatting data, and creating all necessary datasets. The pseudo-code for the python script is as follows: Read and save news event data on Forex Factory Format day of the week, currency, Time of the day, and impact data for the Encoding Encode and save News Event IDs – Event ID dataset is created Format news data for Pine Seeds (roll-back date by one week, assign news to open, high, low, close, and volume values) Create Pine Seeds Datasets This script is ran everyday at Futures market close (16:00 EST) to update the last part of the each dataset, ensuring accuracy, and taking into account last-minute news additions or revisions. Once the data (next week's news) is imported by the Live Economic Calendar indicator, it's immediately decoded by leveraging the Forex Factory Decoding Library , and saved into an array. Upon a new week open, the decoded data is used to plot news events on the chart and in the news table. See the inner workings of these processes in the Forex Factory Utility Library . Although these libraries are specifically built for this indicator, feel free to use them to create your own scripts. Looking forward to see what the Pine Script community comes up with! Thank you for making it this far. Enjoy! Ciao, toodegrees This tool is available ONLY on the TradingView platform. Terms and Conditions Our charting tools are provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. Our charting tools are not designed to predict market movements or provide specific recommendations. Users should be aware that past performance is not indicative of future results and should not be relied upon for making financial decisions. By using our charting tools, the user agrees that Toodegrees and the Toodegrees Team are not responsible for any decisions made based on the information provided by these charting tools. The user assumes full responsibility and liability for any actions taken and the consequences thereof, including any loss of money or investments that may occur as a result of using these products. Hence, by using these charting tools, the user accepts and acknowledges that Toodegrees and the Toodegrees Team are not liable nor responsible for any unwanted outcome that arises from the development, or the use of these charting tools. Finally, the user indemnifies Toodegrees and the Toodegrees Team from any and all liability. By continuing to use these charting tools, the user acknowledges and agrees to the Terms and Conditions outlined in this legal disclaimer.
Indicatore Pine Script®
di toodegrees
152
4C Options Expected Move (Weekly + 0DTE)This indicator plots the calculated Expected Move for BOTH Weekly and Zero Dated Expiration (0DTE) Daily options, for a quick visual reference. Please Note: This indicator is different from our original "4C Expected Move (Weekly Options)" indicator, as it now packages the ability to ALSO plot 0DTE options expected moves along with Weekly expected moves. Many other newer features have also been implemented. Background Information The Expected Move (EM) is the amount that a stock is predicted to increase or decrease from its current price, based on the current level of options pricing and implied volatility. This range can be viewed as possible support and resistance, or, once price gets outside of the range, institutional hedging actions can accelerate the move in that direction. It can be useful to know what the weekly EM range is for a stock to understand the probabilities of the overall distance, direction and volatility for the week. About the Indicator This indicator plots the calculated Expected Move for BOTH Weekly and Zero Dated Expiration (0DTE) options, for a quick visual reference. For the weekly EM, the range is based on the Weekly close of the prior week. For the Daily EM based on 0DTE options, the range is based on the Daily close of the prior day. The indicator will automatically start a new weekly EM plot at the beginning of the week, and a new daily EM at the beginning of each day. The EM values must be updated weekly and/or daily. Features Plots the EM for the week Plots the EM for the day, for symbols that offer daily expiration options Plots the 2 Standard Deviation EM for both the weekly and daily EM Labels with calculated values are plotted near the levels for quick visual aid Settings Can toggle weekly EM on/off Can toggle Daily EM on/off Can toggle 2 Standard Deviation lines on/off Can toggle labels for all EM on/off Robust line settings Can adjust label location left/right based on personal preference Can enter symbol into settings as a reference Handy instructions in the settings How To Set Up The Indicator To use this indicator you must have access to a broker with options data (not available on Tradingview). Usually, you can look at the stock's option chain to find the weekly expected move. You will have to do your own research to find where this information is displayed depending on your broker. You may also need to find the information elsewhere if your broker does not have this information. You can also do your calculation of the EM using the following formula (please do your own research): Expected Move = Option Price x Implied Volatility x Square Root of Time See screenshot example below This is the Thinkorswim platform's option chain, and the Implied Volatility % and the calculated EM are on the right side of the option chain. The Expected Move is circled in blue. Use the +- number in parentheses, NOT the % value. For the weekly EM, input the number that corresponds to the weekly option into the indicator. This must be done on a weekly basis, and It is typically best to use the EM for the next week expiration that is generated AFTER the Friday close and/or before the Monday open of the upcoming week. For the daily EM, input the number that corresponds to the daily 0DTE option into the indicator. This must be done on a daily basis, and it is typically best to use the EM value for the 0DTE option that is generated the night before (after market close), or before the market opens for that 0DTE. .
Indicatore Pine Script®
di FourC
39
MTF TMOTMO - (T)rue (M)omentum (O)scillator) MTF (Higher Aggregation) Version TMO calculates momentum using the DELTA of price. Giving a much better picture of the trend, reversals & divergences than most momentum oscillators using price. Aside from the regular TMO, this study combines four different TMO aggregations into one indicator for an even better picture of the trend. Once you look deeper into this study you will realize how complex this tool is. This version also produce much more information like crosses, divergences, overbought / oversold signals, higher aggregation fades etc. It is probably not even possible to explain them all, there could easily be an entire e-book about this study. I have been using this tool for a couple of years now, and this is what i have learned so far: Favorite Time Frame Variations: 1. 1m / 5m / 30m - Great for intraday futures or options scalps. 30m TMO serves as the overall trend gauge for the day. 5min dictates the longer term intraday moves as well as direction of the 1min. 1min is for the scalps. When the 5min TMO is sloping higher focus should be on 1min buy signals (red to green cross) and vice versa for the 5min agg. sloping down. 2. 5m / 30m / 60m - Also an interesting variation for day trading the 3-5 min charts. Producing more cleaner & beginner-friendly signals that lasts couple of minutes instead of seconds. 3. 120m / Day / 2 Day - For the 30m to 1H or 2H timeframes. Daily & 2 Day dictates the overall trend. 120 min for the signals. Great for a multi-day swings. 4. Day / 2 Day / Week - Good for the daily charts, swing trading analysis as the weekly dictates the overall trend, daily dictates the signals and the 2 day cleans out the daily signals. If the daily & 2 day are not aligned togather, daily signal means nothing. Weekly dictates 2 day - 2 day dictates daily. 5. Week / Month / 3 Month - Same thing as the previous variation but for the weekly charts. TMO Length: The default vanilla settings are 14,5,3. Some traders prefer 21,5,3 as the TMO length is litle higher = TMO will potenially last little longer which could teoretically produce less false signals but slower crosses which means signals will lag more behind price. The lower the length, the faster the oscillator oscillates. It is the noice vs. the lag debate. The Length can be changed, but i would not personally touch the other two. Few points up or down on length will not drastically change much. But changes on Calc Length and Smooth Length can produce totally different signals from the original. Tips & Tricks: 1. Observe - This is the best tip & trick I can give you. The #1 best way to learn how any study operates is to just observe how it works in certain situations from the past. MTF TMO is not an exception. 2. The Power of the Higher Aggregation - The higher aggregation ALWAYS dictates the lower one. Best way to see this? Just 2x the current timeframe aggregation = so on daily chart, plot the daily & two day TMOs and you will notice how the higher agg. smooths out the current agg. The higher the aggregation is, the smoother (but slower) will the TMO turn. The real power kicks in when the 3 or 4 aggregations are aligned togather in one direction. 3. Position of the Higher Aggregation in Relation to the Extremes - Overbought / oversold signals might not really work on the current aggregation. But pay attention to the higher aggregations in relation to the extremes. Ex: on the daily chart - daily TMO inside the OB / OS extremes might not mean much. But once the higher aggregations such as 3 day or Weekly TMO enters OB/OS zone togather with the daily, this can be a very powerful signal for a TMO reversion to the zeroline. 4. Crosses - Yes, crosses do work. Personally, I never really focused on them. The thing about the crosses is that it is crucial to pick the right higher aggregation to the combination of the current one that would be reliable but also print enough signals. The closer the cross is to the OB / OS extremes, the more bigger move can occur. Crosses around the zero line can be considered as less quality crosses. 5. Divergences - TMO can print awesome divergences. The best divergences are on the current aggregation (TMO agg. same as the chart) since the current agg. oscillates fast, it can usually produce lower lows & higher highs faster then any higher aggregations. Easy setup: wait for the higher aggregation to reach the OB / OS extremes and watch the current (chart) aggregation to print a divergence. 6. Three is Enough - I personally find more than three aggregations messy and hard to read. But there is always the option to turn on the 4th one. Just switch the TMO 4 Main, TMO 4 Signal and TMO 4 Fill in the style settings. Hope it helps.
Indicatore Pine Script®
di lnlcapital
5
[CP]Pivot Boss Multi Timeframe CPR Inception with MACD and EMAINTRODUCTION: This indicator combines multi-timeframe CPR bands with MACD Momentum and EMA trend, all projected on the candlestick chart through a novel visualization. If you have seen my other indicators on TradingView, you would know that I use floor pivots a lot and “Secrets of a Pivot Boss” is my favorite book. While using floor pivots, time and again I have noticed an interesting price behavior, Trending moves in price typically start from around the Central Pivot Range (CPR). The CPR could be from ANY timeframe. These moves can easily be caught using simple momentum and trend indicators like MACD and EMA crossovers. Yes, it is that simple. Follow along to understand how to use this indicator. INDICATOR SETTINGS: RANGEBOUND MACD AND EMA MARKINGS: TradingView limits the max number of labels that can be shown on a chart to 500. Therefore, if you go far back enough, you won't see any markings for the MACD or EMA setups. If you are looking to test the efficacy of this indicator in the past, change the start and end dates to your desired timeframe and then select the ‘Mark MACD and EMA Setups in Range?’ option. MULTI TIMEFRAME CENTRAL PIVOT RANGE: Here you can select CPRs and their bands from which timeframes are shown on the chart. I will share my favorite settings later in this description. CPR CONFIGURATION: Show CPR Labels: CPRs markings can carry labels, so that you don’t confuse between which line is what. Use this setting to toggle them On/Off. Show Next Time Period Pivots: Check this option if you want to see the CPR of the next time period. This is typically done to figure out the ’Two Day CPR Relationship’ . Read the book, “Secrets of a Pivot Boss”, to understand more. EMA TREND: Show EMA on the Chart: EMAs will be plotted on the chart. Standard stuff. Mark EMA Crossovers on Chart: EMA crossovers will be marked on the chart in diamond shapes. If you are using EMA crossovers, I recommend setting this option to True. Rest of the EMA settings are fairly obvious. MACD MOMENTUM: Projecting MACD parameters directly on the candlesticks is surely going to give you a new perspective about price action and MACD. Also, in order to better understand the MACD projections on the chart, you can add a standard MACD indicator on the chart with default settings to figure out what my indicator is actually showing you. Marking MACD Crossovers on Chart: Marks the MACD signal crossovers on the chart. This visualization was a game changer for me. Show MACD Histogram on Chart: Projects the complete MACD Histogram in a novel fashion (Try it!). You will be able to visually see the ebbs and flow of momentum in the charts. Mark MACD Histogram Peaks on Chart: Marks only the MACD peaks instead of the complete histogram. Peaks are a great way to enter an ongoing trend and to play an intraday rangebound market. Rest of the settings are just the standard settings that you will find in a typical MACD indicator. ALERTS: Not shown in the settings panel, but I have added alerts for EMA and MACD Crossovers so that you don’t have to sit in front of the charts or constantly check the price all day long. If you don’t know how to set alerts in TradingView, then please Google it. INDICATOR USAGE EXAMPLES: This indicator can be used in intraday as well as in higher timeframes. There are quite a few variations possible, I personally prefer to use the EMA crossovers in intraday (5m) and MACD on Daily timeframes. This is just a matter of personal preference, some people might prefer using EMAs only or MACD only in all timeframes. Here are my personal settings for the intraday 5-minute timeframe: Turn on all the CPR pivots starting from Yearly all the way to Daily. You can turn on 6 hourly and 4 hourly as well if you want. Hourly CPR is mostly used when the price is in a strong trend and you missed the entry and don’t know when to enter. Price will typically experience pullbacks towards the Hourly CPR, before resuming in the direction of the trend. That is your chance to hop onto the bandwagon. For Intraday, I keep the Bands off. Just a personal preference here. You can turn ON the Show CPR Labels , if you want. Turn ON both the options in the EMA TREND section. You would want to see the EMA crossovers marked on the chart as well as the EMAs themselves, as the distance between the two EMAs will give you an idea about the strength of the trend. Keep rest of the settings in the EMA section as default (you can change the colors if you wish). I keep the same EMAs as the ones kept in the MACD indicator. I like to keep things simple. In the MACD MOMENTUM section, turn ON Mark MACD Histogram Peaks on Chart and all the other options turned OFF. Leave the other settings as default. By the way, these are the default settings of the standard MACD Indicator. You can set up EMA Bullcross and Bearcross alarms if you like. Before checking out the examples, remember one super simple rule: SOME OF THE BEST TRENDING MOVES IN THE MARKET, BE IT INTRADAY OR OTHERWISE, ORIGINATE IN THE VICINITY OF A LARGER TIMEFRAME PIVOT/CPR. Look for price settling above/below a pivot, and then a move away from the pivot in any direction is typically a trending move. You can use hourly pivots or MACD Histogram peaks marked on the chart to enter an existing trend, or add to your positions. Let’s have a look at a few recent intraday examples from the Crypto, Indian, and US equity markets. I have added my comments in the charts to make you easily understand what is going on. Understand that both, moving average crossover and MACD, will give out a lot of signals (chop) every day. But almost 70% of them are going to be fake signals. It is the signals that you get when the price is near a Pivot, that tend to convert into gorgeous trending moves that last. BTC 5m Charts NIFTY Futures 5m Charts (good intraday trends are hard to find here, as the market is very efficient) TSLA 5m Charts Some important points for using this indicator in higher timeframes: For higher timeframes, my personal preference is to go with the MACD indicator. I personally find MACD to be lethal on daily and weekly timeframes, if you know how to use it well. The default settings of the indicator are the settings I use for both, Daily and Weekly, timeframes. Additionally, I turn off the CPR labels. In theory large trending moves still have a big probability to start near an important pivot level, however, in larger timeframes, trending moves can start from anywhere. They need not start in the vicinity of any important pivot (but they often do!). Weekly pivots can act as great pullback levels when the price is in strong momentum, when trading on the daily timeframe. Quarterly Pivots act as great pullback levels when the price is in strong momentum, when trading on the weekly timeframe. BTC Weekly Chart BTC Daily Chart Nifty Weekly Chart Nifty Daily Chart NASDAQ Weekly Chart NASDAQ Daily Chart FINAL WORDS: Please understand that I have Cherry Picked the examples to showcase the capability of the indicator and its usage. DO NOT conflate the accuracy of examples with the accuracy of this indicator. Biggest catch is the fact that this indicator, like every other indicator out there, will have whipsaws. Some I have also marked in the example charts. You need to come up with your own technique to avoid whipsaws, one technique I have shared here…… big moves typically start near pivots. Work on avoiding whipsaws and finding you own edge in the markets. If you really want to learn how to use Pivots, read the book ’Secrets of a Pivot Boss’ . This book can change your life.
Indicatore Pine Script®
di pranjalchaubey
15
Market Matrix ViewThis technical indicator is designed to provide traders with a quick and integrated view of market dynamics by combining several popular indicators into a single tool. It's not a magic bullet, but a practical aid for analyzing buying/selling pressure, trends, volume, and divergences, saving you time in the decision-making process. Built for flexibility, the indicator adapts to various trading styles (scalping, swing, or long-term) and offers customizable settings to suit your needs. 🟡 Multi-Timeframe Trends ➤ This section displays the trend direction (bullish, bearish, or neutral) across 15-minute, 1-hour, 4-hour, and Daily timeframes, providing multi-timeframe market context. Timeframes lower than the one currently selected will show "N/A." ➤It utilizes fast and slow Exponential Moving Averages (EMAs) for each timeframe: 15m: Fast EMA 42, Slow EMA 170 1h: Fast EMA 40, Slow EMA 100 4h: Fast EMA 36, Slow EMA 107 Daily: Fast EMA 20, Slow EMA 60 🟡 Smart Flow & RVOL ➤ This section displays "Buying Pressure" or "Selling Pressure" signals based on indicator confluence, alongside volume activity ("High Activity," "Normal Activity," or "Low Activity"). ➤ Smart Flow combines Chaikin Money Flow (CMF) and Money Flow Index (MFI) to detect buying/selling pressure. CMF measures money flow based on price position within the high-low range, while MFI analyzes money flow considering typical price and volume. A signal is generated only when both indicators simultaneously increase/decrease beyond an adjustable threshold ("Buy/Sell Sensitivity") and volume exceeds a Simple Moving Average (SMA) scaled by the "Volume Multiplier." ➤ RVOL (Relative Volume) calculates relative volume separately for bullish and bearish candles, comparing recent volume (fast SMA) with a reference volume (slow SMA). Thresholds are adjusted based on the selected mode. 🟡 ADX & RSI This section displays trend strength ("Strong," "Moderate," or "Weak"), its direction ("Bullish" or "Bearish"), and the RSI momentum status ("Overbought," "Oversold," "Buy/Sell Momentum," or "Neutral"). ➤ ADX (Average Directional Index) measures trend strength (above 40 = "Strong," 20–40 = "Moderate," below 20 = "Weak"). Direction is determined by comparing +DI (upward movement) with -DI (downward movement). Additionally, an arrow indicates whether the trend's strength is decreasing or increasing. ➤RSI (Relative Strength Index) evaluates price momentum. Extreme levels (above 80/85 = "Overbought," below 15/20 = "Oversold") and intermediate zones (47–53 = "Neutral," above 53 = "Buy Momentum," below 47 = "Sell Momentum") are adjusted based on the selected mode. 🟡 When these signals are active for a potential trade setup, the table's background lights up green or red, respectively. 🟡 Volume Spikes ➤This feature highlights bars with significantly higher volume than the recent average, coloring them yellow on the chart to draw attention to intense market activity. ➤It uses the Z-Score method to detect volume anomalies. Current volume is compared to a 10-bar Simple Moving Average (SMA) and the standard deviation of volume over the same period. If the Z-Score exceeds a certain threshold, the bar is marked as a volume spike. 🟡 Divergences (Volume Divergence Detection) ➤ This feature marks divergences between price and technical indicators on the chart, using diamond-shaped labels (green for bullish divergences, red for bearish divergences) to signal potential trend reversals. ➤ It compares price deviations from a Simple Moving Average (SMA) with deviations of three indicators: Chaikin Money Flow (CMF), Money Flow Index (MFI), and On-Balance Volume (OBV). A bullish divergence occurs when price falls below its average, but CMF, MFI, and OBV rise above their averages, indicating hidden accumulation. A bearish divergence occurs when price rises above its average, but CMF, MFI, and OBV fall, suggesting distribution. The length of the moving averages is adjustable (default 13/10/5 bars for Scalping/Balanced/Swing), and detection thresholds are scaled by "Divergence Sensitivity" (default 1.0). 🟡 Adaptive Stop-Loss (ATR) ➤Draws dynamic stop-loss lines (red, dashed) on the chart for buy or sell signals, helping traders manage risk.Uses the Average True Range (ATR) to calculate stop-loss levels, set at low/high ± ATR × multiplier 🟡 Alerts for trend direction changes in the Info Panel: ➤ Triggers notifications when the trend shifts to Bullish (when +DI crosses above -DI) or Bearish (when +DI crosses below -DI), helping you stay informed about key market shifts. How to use: Set alerts in Trading View for “Trend Changed to Bullish” or “Trend Changed to Bearish” with “Once Per Bar Close” for reliable signals. 🟡 Settings (Inputs) ➤ The indicator offers customizable settings to fit your trading style, but it's already optimized for Scalping (1m–15m), Balanced (16m–3h59m), and Swing (4h–Daily) modes, which automatically adjust based on the selected timeframe. The visible inputs allow you to adjust the following parameters: Show Info Panel: Enables/disables the information panel (default: enabled). Show Volume Spikes: Turns on/off coloring for volume spike bars (default: enabled). Spike Sensitivity: Controls the Z-Score threshold for detecting volume spikes (default: 2.0; lower values increase signal frequency). Show Divergence: Enables/disables the display of divergence labels (default: enabled). Divergence Sensitivity: Adjusts the thresholds for divergence detection (default: 1.0; higher values reduce sensitivity). Divergence Lookback Length: Sets the length of the moving averages used for divergences (default: 5, automatically adjusted to 13/10/5 for Scalping/Balanced/Swing). RVOL Reference Period: Defines the reference period for relative volume (default: 20, automatically adjusted to 7/15/20). RSI Length: Sets the RSI length (default: 14, automatically adjusted to 5/10/14). Buy Sensitivity: Controls the increase threshold for Buying Pressure signals (default: 0.007; higher values reduce frequency). Sell Sensitivity: Controls the decrease threshold for Selling Pressure signals (default: 0.007; higher values reduce frequency). Volume Multiplier (B/S Pressure): Adjusts the volume threshold for Smart Flow signals (default: 0.6; higher values require greater volume). 🟡 This indicator is created to simplify market analysis, but I am not a professional in Pine Script or technical indicators. This indicator is not a standalone solution. For optimal results, it must be integrated into a well-defined trading strategy that includes risk management and other confirmations.
Indicatore Pine Script®
di ToCoMi