Advanced Session Profile Predictor with SR Boxes & ORAdvanced Session Profile Predictor with Momentum Arrows
Designed for intraday traders, this indicator analyzes price action across Asia, London, and New York sessions to predict market profiles and highlight key trading opportunities. By combining session-based profiling, Opening Range (OR) visualization, and momentum signals from Traders Dynamic Index (TDI), it offers a unique tool for anticipating trends, reversals, and breakouts. Ideal for forex, indices, and crypto on 15M–1H charts.
What Makes This Indicator Unique?
Unlike typical session indicators that only mark time zones or standard TDI scripts that focus on momentum, this tool:
Predicts market profiles (e.g., "Trend Continuation," "NY Manipulation") by analyzing session ranges and directional moves, offering actionable insights into how sessions interact.
Visualizes Opening Range (OR) boxes for the first 15 minutes of each session, helping traders spot early breakout levels.
Integrates TDI with momentum to generate precise bullish/bearish arrows, filtered by session context for improved reliability.
Simplifies decision-making with dynamic profile labels showing real-time long/short conditions based on price levels.
How Does It Work?
Session Tracking:
Asia (00:00–08:00 UTC, yellow), London (08:00–16:00 UTC, red), and New York (13:00–21:00 UTC, blue) sessions are highlighted with background colors and high/low lines (crosses).
OR boxes (first 15 minutes) are drawn for each session: yellow for Asia, red for London, blue for NY.
Profile Prediction:
Compares Asia and London session ranges and directions (e.g., trending if range > 1.5x 5-period SMA).
Examples:
Trend Continuation: Asia and London trend in the same direction—long above Asia high (uptrend) or short below Asia low (downtrend).
NY Manipulation: Asia trends, London consolidates—watch for NY breakouts at London high/low.
Displays the predicted profile and entry conditions in labels (e.g., "IF price hits 1.2000 LONG").
Momentum Arrows:
Uses TDI (RSI period 21, bands 34, fast MA 2) and 12-period momentum.
Green up arrow: Fast MA > upper band (>68) and momentum rising (bullish).
Red down arrow: Fast MA < lower band (<32) and momentum falling (bearish).
Support/Resistance (SR):
Plots dynamic SR boxes based on pivot highs/lows, filtered by volume (inspired by ChartPrime’s methodology, credited below).
How to Use It
Setup: Apply to a 15M–1H chart. Adjust time zone (default: UTC) and session times if needed. Customize TDI/momentum settings for sensitivity.
Trading:
Check the top-right labels for the current profile and entry conditions (e.g., "IF price hits LONG/SHORT").
Confirm entries with green up arrows (bullish) or red down arrows (bearish).
Use OR boxes and session high/low lines to identify breakout or reversal levels.
Example: In "NY Manipulation," wait for price to hit London high (long) or low (short) during NY session, confirmed by an arrow.
Best Markets: Forex (EUR/USD), indices (SPX500), crypto (BTC/USD) with sufficient intraday volatility.
Underlying Concepts
Session Profiling: Detects trends (range > SMA * threshold) and manipulation (e.g., London breaking Asia’s high/low) to predict NY behavior.
OR Boxes: Marks the first 15 minutes’ high/low as a breakout zone (time-based, 900,000 ms).
TDI + Momentum: Combines RSI-based bands with price change (close – close ) for momentum signals.
SR Boxes: Identifies pivots over a lookback period (default 20), scaled by ATR and filtered by volume thresholds.
Credits
The SR box logic is inspired by ChartPrime’s volume-filtered support/resistance methodology, adapted with custom breakout/hold detection. Original authors are credited for their foundational work.
Chart Setup
Displays session backgrounds, OR boxes, high/low lines, TDI arrows, and profile labels. Keep other indicators off for clarity.
Cerca negli script per "momentum"
Momentum Indicator (ATR & Volume)Description:
The Momentum Indicator (ATR & Volume) is a specialized tool that identifies potential trend reversals and anomalies in financial markets. By amplifying the interaction between volatility (measured through the Average True Range, ATR) and trading volume, this indicator provides a nuanced approach to spotting critical market transitions. Spikes in the combined momentum value often signal the exhaustion of a current trend and the potential onset of a new one.
Core Functionality:
Average True Range (ATR):
The ATR is calculated over a user-defined period to measure market volatility. It reflects the degree of price movement, capturing both gap and range-based volatility.
Volume Smoothing:
A Simple Moving Average (SMA) of volume over a specified period is computed to standardize trading activity and provide a benchmark for comparison.
Momentum Calculation:
The raw momentum is determined as the difference between the current close and the previous close, offering a snapshot of directional strength.
Combined Momentum:
This innovative metric is derived by normalizing momentum using ATR and scaling it with the ratio of current volume to its SMA.
This approach enhances the signal's sensitivity to volatility and volume spikes, aligning it with market anomalies.
Visual Components:
Combined Momentum Line (Blue): Displays the amplified momentum, highlighting significant shifts in market behavior.
Neutral Line (Gray): A horizontal reference line at zero, separating bullish from bearish momentum.
Advanced Concepts:
Amplification of Anomalies:
By integrating ATR and volume dynamics, the indicator amplifies market irregularities, providing clarity during pivotal moments of trend transitions.
Spike Detection for Trend Reversals:
Spikes in the combined momentum often correlate with abrupt changes in volatility and volume, signaling potential trend reversals.
Applications:
Trend Reversal Identification:
Monitor for spikes in the combined momentum, which frequently mark the end of a trend and the start of a new directional move.
Market Anomalies:
Use this indicator to detect periods of heightened market activity driven by abnormal volatility or volume.
Volatility-Driven Signals:
Leverage the interaction between ATR and volume to gain insights into market strength and exhaustion points.
Additional Features:
Dynamic Labeling:
Displays real-time ATR and Volume SMA values directly on the chart for immediate context and decision-making.
Disclaimer:
This indicator is intended for informational and educational purposes only. It does not constitute financial advice. Traders should perform their own analysis and consult with professionals before making any investment decisions.
Enhanced Order Flow Pressure GaugeShort Description:
Estimates bullish/bearish pressure by analyzing each candle’s close position within its range, then weighting that by volume. Detects potential trend shifts and provides real-time signals.
Full Description:
1. Purpose
The Enhanced Order Flow Pressure Gauge (OFPG+) is designed to approximate buy vs. sell pressure within each bar, even if you don’t have full Level II / order flow data. By measuring the candle’s close relative to its high-low range and multiplying by volume, OFPG+ provides insights into which side of the market (bulls or bears) is more aggressive in a given interval.
2. Key Components
Pressure Score (Histogram):
Raw measure of each bar’s close position (rangePos) minus midpoint, multiplied by volume. If the bar closes near its high with decent volume, the score is positive (bullish). Conversely, a close near its low yields a negative (bearish) reading.
Cumulative Pressure:
Sum of all pressure readings over time (similar to cumulative delta), reflecting the overall market bias.
Pressure Delta:
The change in cumulative pressure from one bar to the next, plotted as a line. Rising values suggest increasing bullish momentum, while falling values show growing bearish influence.
3. Visual Cues & Signals
Histogram (Pressure Profile): A color-coded bar for each candle, indicating net bullish (blue) or bearish (gray) intrabar pressure.
Pressure Delta Line: Plotted over the histogram. Turns bullish (blue) when net buy pressure is increasing, or bearish (gray) when net selling accelerates.
Background Highlights:
Turns lightly blue if the smoothed pressure line exceeds the positive threshold, or lightly gray if it goes below the negative threshold.
Bullish / Bearish Signals:
Bullish Signal occurs when the smoothed pressure line crosses above the positive threshold, combined with a positive Delta.
Bearish Signal occurs when the smoothed pressure line crosses below the negative threshold, combined with a negative Delta.
Confirmed Signals:
After a bullish/bearish signal, OFPG+ checks the highest or lowest smoothed pressure values over a user-defined number of bars (signalLookback) to confirm momentum.
Plotshapes (diamond icons) appear on the chart to mark these confirmed reversals.
4. Usage Scenarios
Trend-Following / Momentum: Watch for transitions from negative to positive net pressure or vice versa. Helps identify potential turning points.
Reversal Confirmation: The threshold-based signals plus the “confirmed” checks can help filter choppy conditions.
Volume-Weighted Insights: By factoring in volume, strong closes near the highs or lows are weighted more heavily, capturing sentiment shifts.
5. Inputs & Parameters
Smoothing Length (length): The EMA period for smoothing the raw pressure score.
Volume Weight (volWeight): Scales the volume impact on pressure calculations.
Pressure Threshold (threshold): Defines when pressure is considered significantly bullish or bearish.
Signal Lookback (signalLookback): Number of bars to confirm momentum after a signal.
6. Alerts
Bullish Signal & Confirmed Bullish
Bearish Signal & Confirmed Bearish
These alerts can notify you in real-time about potential shifts in the market’s buying or selling pressure.
7. Disclaimer
This script provides an approximation of order flow by analyzing candle structure and volume. It does not represent actual exchange-level order data.
Past performance is not necessarily indicative of future results. Always conduct thorough analysis and use proper risk management.
Not financial advice. Use at your own discretion.
Colorful Moving Averageswhat is Colorful Moving Averages?
This indicator allows you to use your favorite moving averages in their advanced form.
what it does?
It gives you easy access to the following information with a single indicator: the direction and momentum of the price,
rate of change of momentum (acceleration),
time-dependent change in momentum,
and all the other information a moving average provides.
it paints the selected moving average type according to the momentum it has, and also shows the momentum and acceleration values in a table. colors are interpreted as follows: the color of the moving average is red, the momentum is negative; A green color means the momentum is positive, and a yellow color means the momentum is 0. As the momentum changes, the moving average takes on different shades of these 3 colors. how it actually works can be easily understood at a glance.
"Δ" sign indicates momentum compressed between 100 and -100.
"Γ" sign indicates the momentum of the momentum, that is the acceleration. its values are compressed between 100 and -100.
how it does it?
it uses this formulas:
how to use it?
First, select the moving average type you want to use. then set the length and source. Now, with a single indicator, you can observe both the distance of the price from the mean, its instantaneous momentum relative to the last candle by looking at the symbol "Δ", the current change of momentum by looking at the symbol "Γ", and the time-dependent change in its momentum by looking at the colors. you can also see the maximum and minimum points where the momentum is equal to 0.
MarketSniffer AMarketSniffer A is a custom made indicator made by 2 friends that combined 2 strategies to make 1 indicator. It can detect good moments to buy and sell based on our strategy.
Marketsniffer A can be used in any market since its for a big part based on momentum. Although we recommend using it in the crypto market since it was tested and mainly made for crypto.
How to use it: MarketSniffer A can be used in many ways, own strategies can be made.
Example strategy: Lower timeframes (anything below the 1d) if the price is trading above the yellow 200 EMA, take the buy signals. If its trading below the 200 ema and you see a sell signal then sell / short
Example strategy: Higher timeframes (anything above the 1d) Any timeframe above the 1d, the 200 ema rule doesn't exist. Any buy signals should be good for taking a spot position. The sell signals therfore are NOT short signals but sell signals. Its just points to take profit from the buy signal.
Its recommended to use the small timeframe signals (anything below 1d) for leverage trading. Any signals above 1day timeframe should be spot trading.
This indicator should be used in combination with MarketSniffer B
Use the link on our profile to get acces to this indicator.
Candle Spread Oscillator (CS0)The Candle Spread Oscillator (CSO) is a custom technical indicator designed to help traders identify momentum and directional strength in the market by analyzing the relationship between the candle body spread and the total candle range. This oscillator provides traders with a visually intuitive representation of price action dynamics and highlights key transitions between positive and negative momentum.
How It Works:
Body Spread vs. Total Range:
The CSO calculates the body spread (difference between the close and open price) and compares it to the total range (difference between the high and low price) of a candle.
The ratio of the body spread to the total range represents the proportion of price movement driven by directional momentum.
Smoothed Oscillator:
To remove noise and enhance clarity, the ratio is smoothed using a Hull Moving Average (HMA). The smoothing period can be adjusted through the "Smoothing Period" input, enabling traders to tailor the indicator to their preferred timeframes or strategies.
Gradient Visualization:
A gradient coloring is applied to the oscillator, transitioning smoothly between colors (e.g., fuchsia for negative momentum and aqua for positive momentum). This provides traders with a clear, intuitive visual cue of market behavior.
Visual Features:
Oscillator Plot:
The oscillator is displayed as an area-style plot, dynamically colored using a gradient. Positive values are represented in shades of aqua, while negative values are in shades of fuchsia.
Midline (0 Level):
A horizontal midline is plotted at the zero level, serving as a key reference point for identifying transitions between positive and negative momentum.
Background Highlights:
The chart background is subtly colored to match the oscillator's state, enhancing the visual emphasis on current momentum conditions.
Alerts for Key Crossovers:
The CSO comes with built-in alert conditions, making it highly actionable for traders:
Cross Up Alert: Triggers when the oscillator crosses above the midline (0), signaling a potential shift into positive momentum.
Cross Down Alert: Triggers when the oscillator crosses below the midline (0), indicating a potential transition into negative momentum.
These alerts allow traders to stay informed about critical market shifts without constantly monitoring the chart.
How to Use:
Trend Identification:
When the oscillator is above the midline and positive, it indicates that price action is moving with bullish momentum.
When the oscillator is below the midline and negative, it reflects bearish momentum.
Momentum Strength:
The magnitude of the oscillator (its distance from the midline) helps traders gauge the strength of the momentum. Stronger moves will push the oscillator further from zero.
Potential Reversals:
Crossovers of the oscillator through the midline can signal potential reversals or shifts in market direction.
Customization:
Adjust the Smoothing Period to adapt the sensitivity of the oscillator to different timeframes. A lower smoothing period reacts faster to price changes, while a higher smoothing period smooths out noise.
Best Use Cases:
Momentum Trading: Identify periods of sustained bullish or bearish momentum to align with the trend.
Reversal Signals: Spot transitions in market direction when the oscillator crosses the midline.
Confirmation Tool: Use the CSO alongside other indicators (e.g., volume, trendlines, or moving averages) to confirm trading signals.
Key Inputs:
Smoothing Period: Customize the sensitivity of the oscillator by adjusting the lookback period for the Hull Moving Average.
Gradient Range: The color gradient transitions between defined thresholds (-0.1 to 0.2 by default), ensuring a smooth visual experience.
[Why Use the Candle Spread Oscillator?
The CSO is a simple yet powerful tool for traders who want to:
Gain a deeper understanding of price momentum.
Quickly visualize shifts between bullish and bearish trends.
Use clear, actionable signals with customizable alerts.
Disclaimer: This indicator is not a standalone trading strategy. It should be used in combination with other technical and fundamental analysis tools. Always trade responsibly, and consult a financial advisor for personalized advice.
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.
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### 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.
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### 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.
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#### 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.
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#### 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:
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#### 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.
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#### 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.
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#### 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.
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### 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.
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### 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.
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### 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.
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### 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.
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### 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.
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### 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.
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### 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.
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### 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.
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### 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.
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### 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.
Dynamic Rate of Change OscillatorDynamic Rate of Change (RoC) Oscillator with Color-Coded Histogram
Detailed Description for Publication
The Dynamic Rate of Change (RoC) Oscillator with Color-Coded Histogram is a sophisticated technical analysis tool designed to enhance your understanding of market momentum. Created using Pine Script v5 on the TradingView platform, this indicator integrates multiple Rate of Change (RoC) calculations into a unified momentum oscillator. The resulting data is displayed as a color-coded histogram, providing a clear visual representation of momentum changes.
Key Features and Functionality
Multi-Length RoC Calculation:
Short-term RoC: Calculated over a user-defined period (shortRoCLength), this captures variations in price momentum over a shorter duration, offering insights into the immediate price action.
Long-term RoC: This uses a longer period (longRoCLength) to provide a broader view of momentum, helping to smooth out short-term fluctuations and highlight more established trends.
Mid-term RoC: A weighted average of the short-term and long-term RoCs, the mid-term RoC (midRoCWeight) allows you to balance sensitivity and stability in the oscillator's behavior.
Weighted RoC Calculation:
The indicator calculates a single weighted average RoC by integrating short-term, long-term, and mid-term RoCs. The weighting factor can be adjusted to prioritize different market dynamics according to the trader’s strategy. This flexible approach enables the oscillator to remain applicable across diverse market conditions.
Oscillator Calculation and Smoothing:
The oscillator value is computed by subtracting a 14-period Weighted Moving Average (WMA) from the weighted RoC, which helps to normalize the oscillator, making it more responsive to changes in momentum.
The oscillator is then smoothed using a Simple Moving Average (SMA) over a user-defined period (smoothLength). This process reduces market noise, making the oscillator's signals clearer and easier to interpret.
Color-Coded Histogram:
The smoothed oscillator is displayed as a histogram, which is color-coded to reflect bullish or bearish momentum. You can customize the colors to match your charting style, with green typically representing upward momentum and red representing downward momentum.
The color-coded histogram allows for quick visual identification of momentum changes on the chart, aiding in your market analysis.
Zero-Line Reference:
A horizontal line at the zero level is plotted as a reference point. This zero-line helps in identifying when the histogram shifts from positive to negative or vice versa, which can be useful in understanding momentum shifts.
The zero-line offers a straightforward visual cue, making it easier to interpret the oscillator's signals in relation to market movements.
Customization and Versatility
The Dynamic RoC Oscillator with Histogram is designed with flexibility in mind, making it suitable for a wide range of trading styles, from short-term trading to longer-term analysis. Users have the ability to fine-tune the indicator’s input parameters to align with their specific needs:
Adjustable RoC Periods: Customize the short-term and long-term RoC lengths to match the timeframes you focus on.
Weighted Sensitivity: Adjust the mid-term RoC weight to emphasize different aspects of momentum according to your analysis approach.
Smoothing Options: Modify the smoothing moving average length to control the sensitivity of the oscillator, allowing you to balance responsiveness with noise reduction.
Use Cases
Momentum Analysis: Gain a clearer understanding of momentum changes within the market, which can aid in the evaluation of market trends.
Trend Analysis: The oscillator can help in assessing trends by highlighting when momentum is increasing or decreasing.
Chart Visualization: The color-coded histogram provides a visually intuitive method for monitoring momentum, helping you to more easily interpret market behavior.
Conclusion
The Dynamic Rate of Change (RoC) Oscillator with Color-Coded Histogram is a versatile and powerful tool for traders who seek a deeper analysis of market momentum. With its dynamic calculation methods and high degree of customization, this indicator can be tailored to suit a variety of trading strategies. By integrating it into your TradingView charts, you can enhance your technical analysis capabilities, gaining valuable insights into market momentum.
This indicator is easy to use and highly customizable, making it a valuable addition to any trader’s toolkit. Add it to your charts on the TradingView platform and start exploring its potential to enrich your market analysis.
FOREX Master Pattern Trend Finder by nnamdertWhat does this Indicator do?
This indicator works by identifying Trends and "potential" shifts in trends before they happen. It is technically a momentum indicator that watches for specific Bullish or Bearish momentum (i.e. Bull Runs, and Crashes).
How does it do this?
It uses a custom script that takes into account extremes in price and certain moving averages and other accurate forward looking indicators. Once it finds a Bull run, signals are triggered in the form of PLUS signs. It does the same for strong Bearish trends. Based on how the script is configured, the Indicator is able to spot (in advance) unique movement in the trend that can predict a change in momentum prior to the change occurring.
These momentum changes can be configured as alerts.
As seen in the screenshot below the indicator triggers "early warning" signals when it detects a specific movement that is indicative of a potential change in momentum or trend. It does this IN ADVANCE of any change - it is ONLY A PREDICTION but allows the trader to look at the asset to determine if the potential change in trend is valid and gives the trader enough time to set up a trade and stop-loss.
As seen in the screenshot below color-coded candles allow the trader to visually SEE the change on the chart making it easier to get a quick glance at the current trend. In addition, Green and Red Crosses were added to the oscillator to help easily identify trends if the color coded candle feature is turned OFF. These Red and Green Crosses are not located at every highlighted bar location, rather, at the first bar that the alert was triggered on. If there was a gap in the trend, the alert triggers, and plots again when a new trend starts.
As seen in the screenshot below, when a strong trend is present in either direction, small red or green dots are plotted on the oscillator. This makes spotting past and current trends much easier. Even if the price is not moving up or down, this indicates strong underlying buying or selling pressure.
Some traders like using indicators as a reversal finder. Although this indicator is NOT A REVERSAL INDICATOR, I added a signal that can be used as a "potential" reversal finder. You can see this in the screenshot below.
These "reversal" signals typically appear prior to a move in the opposite direction (but not always). A stop-loss can be set at the high or low of the previous bar depending on direction.
At times, multiple "conflicting" warning signals appear back-to-back. This is indicative of a "crab" in the market. Basically, indecision is present in the market. These "early warning" signals are smaller and either BLUE or ORANGE . Once a trend is recognized, the signal will be either RED or GREEN and a bit larger.
Viewing a higher timeframe will allow Forex Master Pattern traders to easily spot contraction zones. I manually draw the lines in at these zones. These "Value Lines" are typically respected in the future. As shown in the screenshot below, the level acted as support in the future and a newer value line was created at a "higher level" - this indicates a Bullish momentum in price as buyers and sellers have agreed upon the higher price as a true value area.
As seen in the screenshot below, multiple potential reversal signals plotted on the chart indicate a "weakening' in the strength of the current trend. This allows the trader to strategically move their stop-loss or simply take some profits off the table at this level.
This Indicator does NOT overlay on the current chart but allows the trader to see color coded bars. Simply double clicking within the indicator will expand the indicator to full screen, and double clicking within the chart itself will hide the secondary pane but keep the candles visible on the chart.
Happy Trading and GOOD LUCK!
Trend Average (Expo)
Trend Average (Expo) measures the overall trend strength and how strong the current price move/momentum is. The color of the average helps to identify the strength and momentum of the trend.
The user can enable Bar Color that coloring the candlesticks based on the trend strength.
The user can choose between different average calculations, such as SMA, WMA, HMA, to mention a few.
This indicator is for those that don't want to have the Trend Oscillator (Expo) but still want to keep track of the trend strength and direction. There is a minor difference in how the trend is calculated due to the nature of input variables.
HOW TO USE
Identify the trend strength and direction
Identify current momentum
INDICATOR IN ACTION
Daily chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Uptrick: Reversal Matrix +Overview
The Uptrick: Reversal Matrix + is designed as a comprehensive tool that organizes market information in a visually intuitive way. It presents a variety of signals and data points on the chart, aiming to provide clarity about potential reversals, directional momentum, and the broader context surrounding price behavior. By consolidating numerous indicators and statistics into a single interface, it serves as a versatile companion for different trading styles and time horizons.
Purpose
This indicator offers a multifunctional approach to market analysis. It seeks to help users gain a more holistic view of current conditions rather than focusing on isolated data points. Its primary goal is to guide traders toward recognizing evolving market structures, shifts in buying or selling pressure, and periods where price movement may exhibit stronger or weaker momentum. Because it is designed for adaptive use, it can cater to fast, intraday styles or more deliberate, long-term strategies, depending on how the user configures it.
Originality and Uniqueness
The Reversal Matrix + stands out by merging various categories of market data into cohesive visuals and tables. While many indicators offer singular signals or straightforward buy/sell prompts, this script integrates numerous underlying components and displays them in organized panels. Each piece of data, from volume characteristics to volatility states, is contextualized. This multi-layered approach helps traders see more than just a single dimension of the market. Whether one is exploring short-term breakouts, potential traps, or broader market regimes, the tool accommodates multiple perspectives within a single framework.
Inputs
1. Sensitivity.
This setting allows you to choose different levels based on how frequently you would like signals to appear. Selecting a higher sensitivity may capture faster changes but can produce a greater number of signals. More moderate or smoother settings can be preferable for users looking for less frequent but potentially clearer indications of shifts.
2. Trading Style.
This option adapts the tool to match conservative, normal, or more aggressive preferences. When choosing a conservative style, the script attempts to filter out smaller fluctuations, while the aggressive style might highlight more potential turning points as they emerge.
3. Potential Signal Threshold Difference
This setting adjusts the sensitivity of potential reversal signals. A lower value means the script will highlight only the most distinct setups, filtering out weaker or borderline scenarios. A higher value makes the tool more receptive to subtle shifts, potentially flagging more frequent signals. It allows users to fine-tune how responsive the script is to early momentum changes, depending on their preferred level of signal strictness.
4. Table Positions (Optional).
There are inputs that let you decide the on-chart position of the tables. You can enable or disable these tables and choose where they appear (for instance, top-right or bottom-left), depending on how you want the data displayed alongside price bars.
Table and Its Position
When enabled, a large table, known as the Full Metrics Table, offers extensive details about various technical and behavioral metrics. You can place it anywhere on your chart layout for convenience. It is designed to give you a granular view of current conditions without overwhelming the main price candles themselves.
Another, smaller panel known as the Final Verdict Table can also be displayed at a user-chosen position. This panel simplifies the script’s internal assessments into broader verdicts or summaries, allowing for a quick read on the market’s status.
Features
Multi-Faceted Signal and Alert System.
The indicator continuously scans market activity, highlighting events such as sudden rises or drops, changes in volatility, and shifts in momentum. Users can configure an array of alerts that instantly notify them of these occurrences, reducing the need to constantly monitor the chart.
Candle Overlays and Fading Effects .
In addition to standard chart candles, the script offers visual cues by shading or coloring candles differently when it detects certain signals. The fading mechanism gradually diminishes the bar color of older signals so that recent ones are more noticeable. This helps keep the focus on current opportunities while retaining a historical context.
Contextual Market Synopsis .
Each time a candle closes, the tool updates a variety of behind-the-scenes checks. This process helps the user see whether the market remains within the same general state (trending, ranging, or reversing) or is shifting rapidly. It also adds clarity when conditions may be transitioning between bullish and bearish inclinations.
Adaptable Settings for Different Styles .
Since traders differ in their tolerance for rapid fluctuations, the script’s adjustable Sensitivity and Trading Style inputs provide a way to fine-tune how it reacts. Someone trading on shorter timeframes can opt for more frequent signals that capture subtle changes, whereas a position trader might lean toward smoother outputs that highlight only stronger, more sustained conditions.
Extended Data Analysis .
Beyond immediate buy/sell possibilities, the Reversal Matrix+ delivers comprehensive data to help users confirm or question a market stance. A wide range of volume, volatility, and price action elements are factored in, giving each signal additional context rather than a simple green or red highlight.
Final Verdict Summaries .
When the second table is enabled, it condenses key aspects of the indicator’s internal logic into straightforward statements. Rather than navigating multiple data rows, you can check if the market appears more stable or volatile, potentially bullish or bearish, and whether a reversal probability is deemed high or low.
Large-Scale Alert Coverage .
More than fifty specialized alerts focus on distinct aspects, enabling users to track everything from volume anomalies to momentum acceleration.
Specialized Color Schemes .
To assist in quickly spotting bullish or bearish tendencies, candles and background components may be tinted in line with the latest recognized conditions. This visual reinforcement makes it easier to decide if ongoing signals confirm a previous stance or suggest a change.
Buy/Sell Signals
A core function of the script is to present buy and sell indications on the chart, identifying moments when price momentum may be shifting in a meaningful way. These signals come in two varieties: potential reversals and confirmed reversals. Potential reversals appear sooner, providing an early heads-up that market behavior could be turning. Confirmed reversals require a stronger confluence of underlying conditions, aiming to reduce the likelihood of false starts.
Internally, the script examines multiple facets—such as momentum flow, changes in volatility, and volume characteristics—to determine when a potential transition is noteworthy enough to highlight as a signal. As soon as those conditions line up, the script applies distinct markers or shapes to the candles, making it easy to spot these pivotal points on the chart. In addition, each new signal is emphasized through color-based candle shading, while older signals gradually fade to keep attention on the most relevant opportunities.
Although these signals can function as standalone cues, many traders pair them with the script’s other outputs—such as the Full Metrics Table, the Final Verdict Table, and specialized alerts—to form a more complete perspective. For instance, a potential buy signal spotted in real time may gain extra weight if certain metrics in the table reflect a constructive market backdrop. Meanwhile, the final verdict can offer a succinct confirmation or contradiction to what the buy or sell signal suggests. By combining these elements, traders can pursue strategies that balance both immediacy and context, tailoring their entries and exits to their own tolerance for risk and time horizon.
These features collectively allow users to explore the market from multiple angles. Whether one seeks a deeper technical dive or simpler guidance, the indicator’s layered design aims to cater to a broad spectrum of trading approaches.
Full Metrics Table
A key element of Uptrick: Reversal Matrix+ is the extensive set of data displayed within the Full Metrics Table. Below is an expanded explanation of the sixty-four core metrics. Each is accompanied by a brief statement about its practical significance.
Price
Displays current price.
Price Percent
Shows how much the price has shifted in percentage terms over a recent comparison point. Useful for gauging recent moves.
Vo Open
Presents price movement in relation to the candle’s open. Helps traders see if momentum favored bullish or bearish direction within the candle.
Range Percent
Depicts the span between high and low over the candle’s range, offering a measure of volatility within that candle.
Bodi Percent
Indicates how much of the candle is body as opposed to wick. Shows whether there was more decisive movement or more back-and-forth trading.
Volatility
Generically measures how dramatically price has been fluctuating over a given period. Helps users notice if the market is calm or very active.
Mpeed
Represents a sense of speed in price movement, potentially revealing if momentum is picking up or slowing down.
Accel
Points to how quickly price movement shifts from one level of speed to another. Can hint at a market that is accelerating or flattening out.
Volume
Reflects how many shares, contracts, or units are traded within the current bar. Higher volume may suggest stronger conviction.
Vol Percent
Shows how the volume compares, in percentage, to a previous period’s volume. Useful for spotting surges or drops in trading activity.
Mession Hi
Captures the highest point within a recent observed period or session. Often watched for potential breakout or reversal clues.
Mession Lo
Captures the lowest point within a recent observed period or session. Similarly, used to watch for support or breakdowns.
Pos Percent
Indicates how far the current price stands within its range. Being near the upper percentile suggests strength or an overbought scenario, depending on the viewpoint.
Mpread
Offers a sense of the overall spread in price action, which can reflect the determination of buyers or sellers within a candle.
Gap
Shows the difference in price from a prior close or from some previous reference point. Helps identify abrupt shifts in sentiment.
Conf. (Core)
Presents a general level of signal confidence based on internal checks. Assists in quickly scanning for whether a candle is aligned with broader market patterns.
Availability
Describes liquidity conditions, such as whether the market seems actively traded or comparatively thinner.
Conf. Bias
Highlights if price and momentum appear to confirm a prevailing direction, or if there is a noticeable lack of such alignment.
Valuation
Suggests how current price compares to an internal yardstick of fair or undervalued settings. Useful for spotting potential discount or premium zones.
Reversal
Warns about the possibility that price may turn from its recent direction. Intriguing for those who look for turning points at the end of trends.
Vol. Mtate
Indicates whether conditions are characterized by subdued or elevated swings. A higher reading may signal that caution is warranted.
Direction
Reflects a bullish or bearish inclination based on internal data. Provides a simplified way to see whether momentum is leaning up or down.
Vol. Clarity
Measures the clarity of volume movement, potentially detecting spikes or plateaus that can confirm or contradict price action.
Mtructure
Offers insight into how recent highs and lows are forming. A market that keeps printing higher highs and lows might suggest ongoing upward momentum.
Reaction
Shows how quickly the market responds to new information. Speedy changes may indicate more emotionally driven or news-influenced trading.
Trend Conf.
Suggests the tool’s assessment of how solid or fragile a given direction is. Useful for quickly seeing if a trend might persist.
Zone
Labels whether price is running near top or bottom levels of a selected range, helping identify if a market is pushing extremes.
Ehhaustion
Reveals if a move might be overextended and could retrace. Helpful in deciding whether to take profits or wait for a deeper confirmation.
Range Env
Describes whether the market is operating in a tight or wide range. Can help in choosing strategies like breakout or range-bound approaches.
Demand
Reports on whether buying demand or selling supply is more dominant in the current period. Assists in gauging short-term pressure.
Conf. Level
Provides an additional notion of how firm a signal might be. It may be labeled as early or fully formed, helping with timing considerations.
Momentum
Conveys whether price is accelerating upward, decelerating, or shifting into a more neutral gear.
Higher Close Percent
Indicates the frequency of consecutive higher closes over recent bars. Demonstrates if a market is consistently pushing upward.
Bear Trap
Points to scenarios where sellers could be caught off guard if the market reverses after a seemingly bearish move.
Bull Trap
Opposite of the above, hinting that buyers may be misled if price fails to hold after a seemingly bullish shift.
Vol Mqueeze
Identifies periods where volume and volatility might be compressing. Often used by traders to anticipate a potential abrupt expansion in movement.
Divergence
Suggests a mismatch between price and internal momentum signals. May foretell a hidden reversal or shift in direction.
Hist. Vol
Provides a longer-term viewpoint of how volatility stands in the broader scope, enabling comparison between current choppiness and previous norms.
Velocity
Tracks the overall vigor of price movement. A high velocity can mean powerful directional drive.
Wick Ratio
Analyzes the presence of upper or lower wicks and can suggest whether buying or selling tails are dominant within each bar.
Decision Bias
Indicates how the script perceives near-term market consensus. A strong bias may reveal one side’s momentum more clearly.
Break Chance
Hints at whether a local high or low has a fair possibility of being broken, which can be relevant to breakout-style trading.
Trend Mlope
Observes the slope of the ongoing trend, showing whether price is inclining, declining, or moving sideways over a specified window.
Trend Dir
Concisely states if that slope leans upward or downward. Useful for determining basic directional posture at a glance.
Regime
Groups the market environment into stable bullish, stable bearish, or a more unsettled pattern, helping shape strategic decisions.
Price Comparison
Shows whether price is trading above or below certain historical or moving references. Provides a broad sense of market posture.
Vol Mhift
Highlights any general upswing or downswing in traded volume, indicating whether participants are stepping in or scaling back.
Mtructural Balance
Offers an overview of whether the chart bars show more wick dominance or more body dominance. Helps in reading subtle shifts in power.
Flow Mtability
Portrays how orderly or choppy the price movement is. Less stable flow can lead to more frequent reversals or whipsaws.
Liquidity Pull
Shows the extent to which trading activity may be magnetizing price, helping gauge if there is substantial interest at certain zones.
Bar Mhape
Describes the candle’s shape, such as longer upper or lower tails, which can point to rejections or confirmations of direction.
Bui/Mell Rating
Reveals which side holds greater influence at a glance. Might display more leaning to buy strength or to sell pressure.
Range Vol Flow
Monitors the interplay between how wide the range is and how volume is behaving. If both are expanding, more powerful swings may follow.
Hiper Move
Spots especially strong or sudden moves. Could be a swift jump up or down, prompting attention to volatility management.
Candle Force
Indicates how forceful a candle’s close is compared to its full range. Strong force bars often underscore decisive momentum.
Hi/Lo Tag
Alerts you to newly formed session extremes, helping confirm if recent highs or lows are significant.
Price Action
Labels the candle as leaning bullish, leaning bearish, or neutral, providing a concise understanding of the immediate tone.
Vol Abnorm
Distinguishes between typical volume and unusually high volume that might signal institutional trading or news releases.
Trend Match
Checks if short-term direction is aligned with a broader trend. Clear alignment can strengthen confidence in that direction.
Move Confirm
Conveys whether the tool sees a price movement as already established or still in a formative state.
Momentum Focus
Gives a quick snapshot of whether price momentum is generally tilting higher, lower, or holding steady.
Vol Total
Presents a broad average or accumulated sense of volume over a longer window, providing context for current activity.
Hist. Accum
Positions price within a more extended historical range, allowing one to see if the asset is near major peaks or troughs.
Trap Bias
Informs if the market may be showing conditions that lead to bull traps or bear traps, cautioning traders who chase rapid moves.
Final Verdict Table
The secondary table, known as the Final Verdict Table, condenses the tool’s main findings into concise statements. It watches for patterns such as alignment of trends, clarity of momentum, perceived volatility conditions, and possible reversals. Depending on what the script observes, the table might suggest a bullish confluence, a bearish confluence, an unstable market environment, or a more neutral outlook. This feature is particularly helpful for traders who prefer quick insights over a detailed breakdown of every metric.
Metrics Included in the Final Verdict Table
Directional Momentum Flow
This entry shows how the indicator interprets short-term momentum for the current market. If momentum appears to be gaining strength in one direction, it may indicate that buyers or sellers have a slight edge, whereas a flat reading might suggest indecision.
Volatility Regime Assessment
This metric provides insight into whether the market is relatively calm, moderate, or experiencing elevated volatility. A calmer volatility state might favor steadier strategies, while higher volatility could signal the potential for wider price swings.
Trend Continuity Confidence
This section reflects how confident the tool is in the market’s current trend. It helps traders see whether recent action supports a persistent uptrend, downtrend, or if there is ambiguity that undermines the idea of a consistent directional movement.
Reversal Probability Index
Here, the table evaluates whether conditions are conducive to a market turnaround. If the script observes signs of exhaustion or conflict in momentum, it may suggest an increased possibility of the price switching direction.
Manipulation Detector
This component looks for signals that the market may be attempting to trap buyers or sellers. For instance, a sudden shift might hint at a bull or bear trap scenario. This readout serves to caution against seemingly obvious moves that could quickly reverse.
Final Verdict
Below these metrics, the table presents a single overall statement that integrates the above factors. This final verdict can range from identifying a bullish or bearish confluence to calling the market unstable or neutral if conditions are inconclusive. It is intended to be a quick, high-level summary of the script’s general stance on the market.
Any Other Features
Users can access more than fifty specialized alerts that target different market conditions, from potential trap scenarios to shifts in volatility regimes. These alerts can be integrated into various platforms, ensuring that traders receive immediate notifications when critical triggers occur. The color-coded candle approach, combined with fading effects, helps maintain chart readability. Over time, this setup encourages a balance between a detailed backdrop of market data and a clear depiction of fresh signals.
Why More than One Indicator
Integrating multiple components under one roof offers several advantages. It reduces the chance of relying on a single dimension, such as price action alone, which can sometimes mislead or generate frequent false signals. By combining various measures of volatility, volume, and price structure, the script can reveal confluences or disagreements among different elements. This multi-faceted approach can improve clarity, making it easier to decide when conditions line up favorably or when they conflict, thereby prompting caution.
Conclusion
In summary, the Uptrick: Reversal Matrix + aims to deliver a sweeping overview of market dynamics. It guides users from raw observations—like price and volume—to broader insights concerning trend stability, potential reversals, and overall liquidity. Its dual-table system allows for both fine-grained analysis and fast verdicts, catering to traders with varying degrees of time and attention. The numerous alerts and color coding schemes further round out its capacity for real-time monitoring and visually clear signal presentation.
Disclaimer
Trading involves inherent risks, and no tool can entirely eliminate uncertainty. This indicator’s materials are provided for informational purposes, without guarantees regarding future performance. Traders should exercise due diligence, apply sound risk management, and consider professional advice. The Uptrick: Reversal Matrix+ does not assume responsibility for financial decisions made based on its output.
Momentum BBPCT Z-Score [QuantAlgo]Momentum BBPCT Z-Score 💫📈
The Momentum BBPCT Z-Score by QuantAlgo is an advanced indicator designed to identify statistical extremes and momentum shifts in price action across various timeframes and market conditions. This system combines Bollinger Bands percentage analysis with Z-score calculations and Statistical Momentum evaluation to help traders and investors identify overbought/oversold conditions and trend strength. By evaluating both statistical extremes and momentum together, this tool empowers users to make data-driven decisions, whether they aim to follow trends or capture mean reversion opportunities.
💫 Conceptual Foundation and Innovation
The Momentum BBPCT Z-Score by QuantAlgo provides a unique framework for assessing price action and momentum through a blend of statistical analysis and momentum evaluation. Unlike traditional Bollinger Band indicators that only reflect price position, this system incorporates Z-score normalization to reveal statistically significant deviations, helping users determine whether price movements are extreme relative to historical norms. By combining high-quality momentum analysis with Z-scores of Bollinger Band positioning, it evaluates both statistical probabilities and momentum quality, while Z-scores standardize deviations from historical trends, enabling traders and investors to spot extreme conditions. This dual approach allows users to better identify mean reversion opportunities while respecting strong momentum conditions, enhancing both counter-trend and trend-following strategies.
📊 Technical Composition and Calculation
The Momentum BBPCT Z-Score is composed of several statistical and momentum components that create a dynamic dual scoring model:
Bollinger Bands Percentage (BBPCT) : Measures the relative position of price between bands on a 0-100 scale, providing a normalized view of price extremes relative to the bands.
Z-Score Normalization : Applies statistical normalization to BBPCT values to identify significant deviations from historical means, helping traders and investors quantify the extremity of current market conditions.
Statistical Momentum Analysis : Evaluates price action across multiple periods to determine momentum strength and persistence, adding depth to the analysis beyond simple price positioning.
📈 Key Indicators and Features
The Momentum BBPCT Z-Score combines various statistical and technical tools to deliver a well-rounded analysis of market conditions.
The indicator utilizes dynamic Bollinger Bands with customizable length and standard deviation multipliers to adapt to market volatility. Z-score calculations are applied to normalize the percentage position within these bands, providing clear statistical context for price movements. The Statistical Momentum component evaluates price action across user-defined periods, helping validate trends and identify potential reversals.
The indicator also incorporates multi-layered visualization with gradient color coding to signal both statistical extremes and momentum conditions. These adaptive visual cues, combined with threshold-based alerts for overbought and oversold zones, help traders and investors track both statistical extremes and momentum shifts, adding reliability to both mean-reversion and trend-following strategies.
⚡️ Practical Applications and Examples
✅ Add the Indicator: Add the indicator to your TradingView chart by clicking on the star icon to add it to your favorites ⭐️
👀 Monitor Z-Scores and Momentum: Watch the Z-score values and momentum state to identify statistically significant price movements. During extreme readings, consider mean reversion opportunities, while strong momentum readings may signal trend-following opportunities.
🔔 Set Alerts: Configure alerts for Z-score extremes and momentum shifts, ensuring you can act on significant statistical and trend changes promptly.
🌟 Summary
The Momentum BBPCT Z-Score by QuantAlgo is a highly adaptable tool, designed to support both statistical and momentum analysis across different market environments. By combining Z-score normalized Bollinger Band positioning with Statistical Momentum Analysis, it helps traders and investors identify statistically significant price movements while measuring momentum quality, providing more reliable trading signals. The tool's flexibility across timeframes makes it ideal for both mean reversion and trend-following strategies, allowing users to capture opportunities while maintaining statistical rigor in their analysis.
Momentum Nexus Oscillator [UAlgo]The "Momentum Nexus Oscillator " indicator is a comprehensive momentum-based tool designed to provide traders with visual cues on market conditions using multiple oscillators. By combining four popular technical indicators—RSI (Relative Strength Index), VZO (Volume Zone Oscillator), MFI (Money Flow Index), and CCI (Commodity Channel Index)—this heatmap offers a holistic view of the market's momentum.
The indicator plots two lines: one representing the current chart’s combined momentum score and the other representing a higher timeframe’s (HTF) score, if enabled. Through smooth gradient color transitions and easy-to-read signals, the Momentum Nexus Heatmap allows traders to easily identify potential trend reversals or continuation patterns.
Traders can use this tool to detect overbought or oversold conditions, helping them anticipate possible long or short trade opportunities. The option to use a higher timeframe enhances the flexibility of the indicator for longer-term trend analysis.
🔶 Key Features
Multi-Oscillator Approach: Combines four popular momentum oscillators (RSI, VZO, MFI, and CCI) to generate a weighted score, providing a comprehensive picture of market momentum.
Dynamic Color Heatmap: Utilizes a smooth gradient transition between bullish and bearish colors, reflecting market momentum across different thresholds.
Higher Timeframe (HTF) Compatibility: Includes an optional higher timeframe input that displays a separate score line based on the same momentum metrics, allowing for multi-timeframe analysis.
Customizable Parameters: Adjustable RSI, VZO, MFI, and CCI lengths, as well as overbought and oversold levels, to match the trader’s strategy or preference.
Signal Alerts: Built-in alert conditions for both the current chart and higher timeframe scores, notifying traders when long or short entry signals are triggered.
Buy/Sell Signals: Displays visual signals (▲ and ▼) on the chart when combined scores reach overbought or oversold levels, providing clear entry cues.
User-Friendly Visualization: The heatmap is separated into four sections representing each indicator, providing a transparent view of how each contributes to the overall momentum score.
🔶 Interpreting Indicator:
Combined Score
The indicator generates a combined score by weighing the individual contributions of RSI, VZO, MFI, and CCI. This score ranges from 0 to 100 and is plotted as a line on the chart. Lower values suggest potential oversold conditions, while higher values indicate overbought conditions.
Color Heatmap
The indicator divides the combined score into four distinct sections, each representing one of the underlying momentum oscillators (RSI, VZO, MFI, and CCI). Bullish (greenish) colors indicate upward momentum, while bearish (grayish) colors suggest downward momentum.
Long/Short Signals
When the combined score drops below the oversold threshold (default is 26), a long signal (▲) is displayed on the chart, indicating a potential buying opportunity.
When the combined score exceeds the overbought threshold (default is 74), a short signal (▼) is shown, signaling a potential sell or short opportunity.
Higher Timeframe Analysis
If enabled, the indicator also plots a line representing the combined score for a higher timeframe. This can be used to align lower timeframe trades with the broader trend of a higher timeframe, providing added confirmation.
Signals for long and short entries are also plotted for the higher timeframe when its combined score reaches overbought or oversold levels.
🔶Purpose of Using Multiple Technical Indicators
The combination of RSI, VZO, MFI, and CCI in the Momentum Nexus Heatmap provides a comprehensive approach to analyzing market momentum by leveraging the unique strengths of each indicator. This multi-indicator method minimizes the limitations of using just one tool, resulting in more reliable signals and a clearer understanding of market conditions.
RSI (Relative Strength Index)
RSI contributes by measuring the strength and speed of recent price movements. It helps identify overbought or oversold levels, signaling potential trend reversals or corrections. Its simplicity and effectiveness make it one of the most widely used indicators in technical analysis, contributing to momentum assessment in a straightforward manner.
VZO (Volume Zone Oscillator)
VZO adds the critical element of volume to the analysis. By assessing whether price movements are supported by significant volume, VZO distinguishes between price changes that are driven by real market conviction and those that might be short-lived. It helps validate the strength of a trend or alert the trader to potential weakness when price moves are unsupported by volume.
MFI (Money Flow Index)
MFI enhances the analysis by combining price and volume to gauge money flow into and out of an asset. This indicator provides insight into the participation of large players in the market, showing if money is pouring into or exiting the asset. MFI acts as a volume-weighted version of RSI, giving more weight to volume shifts and helping traders understand the sustainability of price trends.
CCI (Commodity Channel Index)
CCI contributes by measuring how far the price deviates from its statistical average. This helps in identifying extreme conditions where the market might be overextended in either direction. CCI is especially useful for spotting trend reversals or continuations, particularly during market extremes, and for identifying divergence signals.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Uptrick Signal Density Cloud🟪 Introduction
The Uptrick Signal Density Cloud is designed to track market direction and highlight potential reversals or shifts in momentum. It plots two smoothed lines on the chart and fills the space between them (often called a “cloud”). The bars on the chart change color depending on bullish or bearish conditions, and small triangles appear when certain reversal criteria are met. A metrics table displays real-time values for easy reference.
🟩 Why These Features Have Been Linked Together
1) Dual-Line Structure
Two separate lines represent shorter- and longer-term market tendencies. Linking them in one tool allows traders to view both near-term changes and the broader directional bias in a single glance.
2) Smoothed Averages
The script offers multiple smoothing methods—exponential, simple, hull, and an optimized approach—to reduce noise. Using more than one type of moving average can help balance responsiveness with stability.
3) Density Cloud Concept
Shading the region between the two lines highlights the gap or “thickness.” A wider gap typically signals stronger momentum, while a narrower gap could indicate a weakening trend or potential market indecision. When the cloud is too wide and crosses a certain threshold defined by the user, it indicates a possible reversal. When the cloud is too narrow it may indicate a potential breakout.
🟪 Why Use This Indicator
• Trend Visibility: The color-coded lines and bars make it easier to distinguish bullish from bearish conditions.
• Momentum Tracking: Thicker cloud regions suggest stronger separation between the faster and slower lines, potentially indicating robust momentum.
• Possible Reversal Alerts: Small triangles appear within thick zones when the indicator detects a crossover, drawing attention to key moments of potential trend change.
• Quick Reference Table: A metrics table shows line values, bullish or bearish status, and cloud thickness without needing to hover over chart elements.
🟩 Inputs
1) First Smoothing Length (length1)
Default: 14
Defines the lookback period for the faster line. Lower values make the line respond more quickly to price changes.
2) Second Smoothing Length (length2)
Default: 28
Defines the lookback period for the slower line or one of the moving averages in optimized mode. It generally responds more slowly than the faster line.
3) Extra Smoothing Length (extraLength)
Default: 50
A medium-term period commonly seen in technical analysis. In optimized mode, it helps add broader perspective to the combined lines.
4) Source (source)
Default: close
Specifies the price data (for example, open, high, low, or a custom source) used in the calculations.
5) Cloud Type (cloudType)
Options: Optimized, EMA, SMA, HMA
Determines the smoothing method used for the lines. “Optimized” blends multiple exponential averages at different lengths.
6) Cloud Thickness Threshold (thicknessThreshold)
Default: 0.5
Sets the minimum separation between the two lines to qualify as a “thick” zone, indicating potentially stronger momentum.
🟪 Core Components
1) Faster and Slower Lines
Each line is smoothed according to user preferences or the optimized technique. The faster line typically reacts more quickly, while the slower line provides a broader overview.
2) Filled Density Cloud
The space between the two lines is filled to visualize in which direction the market is trending.
3) Color-Coded Bars
Price bars adopt bullish or bearish colors based on which line is on top, providing an immediate sense of trend direction.
4) Reversal Triangles
When the cloud is thick (exceeding the threshold) and the lines cross in the opposite direction, small triangles appear, signaling a possible market shift.
5) Metrics Table
A compact table shows the current values of both lines, their bullish/bearish statuses, the cloud thickness, and whether the cloud is in a “reversal zone.”
🟩 Calculation Process
1) Raw Averages
Depending on the mode, standard exponential, simple, hull, or “optimized” exponential blends are calculated.
2) Optimized Averages (if selected)
The faster line is the average of three exponential moving averages using length1, length2, and extraLength.
The slower line similarly uses those same lengths multiplied by 1.5, then averages them together for broader smoothing.
3) Difference and Threshold
The absolute gap between the two lines is measured. When it exceeds thicknessThreshold, the cloud is considered thick.
4) Bullish or Bearish Determination
If sma1 (the faster line) is above sma2 (the slower line), conditions are deemed bullish; otherwise, they are bearish. This distinction is reflected in both bar colors and cloud shading.
5) Reversal Markers
In thick zones, a crossover triggers a triangle at the point of potential reversal, alerting traders to a possible trend change.
🟪 Smoothing Methods
1) Exponential (EMA)
Prioritizes recent data for quicker responsiveness.
2) Simple (SMA)
Takes a straightforward average of the chosen period, smoothing price action but often lagging more in volatile markets.
3) Hull (HMA)
Employs a specialized formula to reduce lag while maintaining smoothness.
4) Optimized (Blended Exponential)
Combines multiple EMA calculations to strike a balance between responsiveness and noise reduction.
🟩 Cloud Logic and Reversal Zones
Cloud thickness above the defined threshold typically signals exceeding momentum and can lead to a quick reversal. During these thick periods, if the width exceeds the defined threshold, small triangles mark potential reversal points. In order for the reversal shape to show, the color of the cloud has to be the opposite. So, for example, if the cloud is bearish, and exceeds momentum, defined by the user, a bullish signal appears. The opposite conditions for a bullish signal. This approach can help traders focus on notable changes rather than minor oscillations.
🟪 Bar Coloring and Layered Lines
Bars take on bullish or bearish tints, matching the faster line’s position relative to the slower line. The lines themselves are plotted multiple times with varying opacities, creating a layered, glowing look that enhances visibility without affecting calculations.
🟩 The Metrics Table
Located in the top-right corner of the chart, this table displays:
• SMA1 and SMA2 current values.
• Bullish or bearish alignment for each line.
• Cloud thickness.
• Reversal zone status (in or out of zone).
This numeric readout allows for a quick data check without hovering over the chart.
🟪 Why These Specific Moving Average Lengths Are Used
Default lengths of 14, 28, and 50 are common in technical analysis. Fourteen captures near-term price movement without overreacting. Twenty-eight, roughly double 14, provides a moderate smoothing level. Fifty is widely regarded as a medium-term benchmark. Multiplying each length by 1.5 for the slower line enhances separation when combined with the faster line.
🟩 Originality and Usefulness
• Multi-Layered Smoothing. The user can select from several moving average modes, including a unique “optimized” blend, possibly reducing random fluctuations in the market data.
• Combined Visual and Numeric Clarity. Bars, clouds, and a real-time table merge into a single interface, enabling efficient trend analysis.
• Focus on Significant Shifts. Thick cloud zones and triangles draw attention to potentially stronger momentum changes and plausible reversals.
• Flexible Across Markets. The adjustable lengths and threshold can be tuned to different asset classes (stocks, forex, commodities, crypto) and timeframes.
By integrating multiple technical concepts—cloud-based trend detection, color coding, reversal markers, and an immediate reference table—the Uptrick Signal Density Cloud aims to streamline chart reading and decision-making.
🟪 Additional Considerations
• Timeframes. Intraday, daily, and weekly charts each yield different signals. Adjust the smoothing lengths and threshold to suit specific trading horizons.
• Market Types. Though applicable across asset classes, parameters might need tweaking to address the volatility of commodities, forex pairs, or cryptocurrencies.
• Confirmation Tools. Pairing this indicator with volume studies or support/resistance analysis can improve the reliability of signals.
• Potential Limitations. No indicator is foolproof; sudden market shifts or choppy conditions may reduce accuracy. Cautious position sizing and risk management remain essential.
🟩 Disclaimers
The Uptrick Signal Density Cloud relies on historical price data and may lag sudden moves or provide false positives in ranging conditions. Always combine it with other analytical techniques and sound risk management. This script is offered for educational purposes only and should not be considered financial advice.
🟪 Conclusion
The Uptrick Signal Density Cloud blends trend identification, momentum assessment, and potential reversal alerts in a single, user-friendly tool. With customizable smoothing methods and a focus on cloud thickness, it visually highlights important market conditions. While it cannot guarantee predictive accuracy, it can serve as a comprehensive reference for traders seeking both a quick snapshot of the current trend and deeper insights into market dynamics.
COT Trendfilter + SignalsCOT Trendfilter + Signals Indicator
Data Processing and Usage: The COT indicator processes Commitments of Traders (COT) data provided by the CFTC. Users can select from various participant groups, including Commercials, Large Speculators, and Small Speculators. However, it is important to note that the signal logic of the indicator is exclusively applicable to the net positions of Commercials. This is because Commercials tend to trade contrarily, meaning their trading decisions often run against the prevailing market trend.
Functionality of the Indicators
1. Cycle COT
The cCOT is an enhanced version of the classic RSI. It incorporates additional smoothing based on market vibrations, along with adaptive upper and lower bands based on cyclical memory. The cCOT uses the current dominant cycle length as input and highlights trading signals when the signal line crosses above or below the adaptive bands. Compared to the standard RSI, the cCOT responds more quickly to market movements.
For detailed information on the cCOT, please refer to Chapter 4 "Fine tuning technical indicators" in the book "Decoding the Hidden Market Rhythm, Part 1" by Lars von Thienen.
2. Adaptive Ultra-Smooth Momentum Indicator
The Adaptive Ultra-Smooth Momentum Indicator (CSI) provides an optimized momentum oscillator based on the current dominant cycle. It addresses three common issues with standard indicators: excessive false signals, signal delay, and the need for length adjustments. The CSI offers adaptive smoothing, zero delay, and accurate detection of turning points.
For further information about the CSI, please refer to Chapter 10 "Cycle Swing Indicator: Trading the swing of the dominant cycle" in the book "Decoding the Hidden Market Rhythm, Part 1" by Lars von Thienen.
Signals and Validation
The indicator generates various trading signals:
cCOT:
A buy signal is indicated by an airplane emoji (🛫), while a sell signal is marked by another airplane emoji (🛬).
COT Momentum:
A buy signal is shown by the symbol “∿” in green, while a sell signal is represented by the same symbol in red.
Standard COT Index (Willco):
A buy signal is depicted by a “B” (in green), while a sell signal is shown by an “S” (in red).
Additionally, the validity of the signals is checked. If a previous signal becomes invalid in the following week, it is marked with a gray “x,” indicating that these signals may not be reliable. Users can also switch between net positions, long, and short to analyze the most relevant data for them.
Background Color
The color in the channel can indicate the strength of the Commercials' long-term trend. A channel background color signals an active long-, short-term trend, while no color suggests that there is no clear long-term trend present.
Strange behavior
When only a sharp spike is displayed and the rest is flat, the length settings of the Cycle Length Index should be increased. This can occur when the length is too short, resulting in an unusual spike to properly generate the channel.
Disclaimer
The use of this indicator and the generated signals is at your own risk. The author assumes no responsibility for trading decisions made based on these signals. Please be aware that trading financial instruments involves risks.
Relative Strength according to Oster (RSO)Overview:
Relative Strength according to Oster (RSO) is an innovative tool that redefines how traders assess an asset's market strength. Moving beyond traditional indicators, RSO offers a sophisticated and highly responsive measure of an asset's potential to continue performing well. By integrating groundbreaking methodologies, RSO equips traders with unparalleled insights into market dynamics, making it an essential tool for anyone looking to stay ahead in today's fast-paced trading environment.
Understanding RSL (Relative Strength according to Levy):
At its core, Relative Strength according to Levy (RSL) is a powerful concept rooted in the idea that an asset currently exhibiting strength is more likely to maintain or even enhance that strength in the future. RSL calculates this by comparing an asset's current price to its moving average, providing a clear picture of its relative performance over time. The further its value is above 1, the higher the market momentum and vice versa. This relationship to the moving average is crucial, as it indicates not just where the asset stands today but also its trajectory in the context of historical performance. The ability to identify assets that consistently outperform is a game-changer for traders, and RSL has long been a cornerstone in this pursuit.
RSO vs. Traditional RSL: A Leap Forward
The RSO takes the traditional RSL concept and propels it into new territory with its innovative correlation-based approach. This is where RSO truly shines, offering a unique and sophisticated analysis that goes far beyond the basics.
Why RSO is Revolutionary:
Correlation Adjustment: The RSO doesn’t just measure an asset’s strength in isolation. Instead, it adjusts its readings based on how closely the asset's price movements correlate with a chosen benchmark. This groundbreaking feature ensures that the RSO is not just reactive to past performance but also predictive of how the asset might behave relative to the broader market, adding a layer of precision that is unparalleled in traditional strength indicators.
Superior Strength Option: With the RSO, traders have the option to include superior strength factors, adding another dimension of insight. This feature allows for more stable and reliable long-term signals. On the flip side, those who prefer a more dynamic trading style can opt to exclude this factor for more frequent, shorter-term signals. This level of customization is rare and sets the RSO apart as a truly adaptable tool.
Enhanced Market Insights: RSO’s correlation-based approach doesn’t just show how strong an asset is—it reveals how that strength is likely to develop in relation to the benchmark's underlying trends. This isn’t merely about comparing performance; it’s about understanding the asset’s potential trajectory in a much broader market context. Such insight is invaluable for making informed, strategic trading decisions.
Practical Application:
The RSO isn’t just innovative in theory; it’s designed for practical, real-world trading. Traders can set customized alerts based on RSO’s readings, ensuring they’re always aware of key buy or sell signals as they occur. The flexibility to include or exclude superior strength factors means that RSO can be tailored to fit any trading style, whether focused on long-term investments or short-term opportunities.
Conclusion:
In conclusion, the Relative Strength according to Oster (RSO) is more than just an indicator; it’s a breakthrough in market analysis. By integrating correlation adjustments and offering unparalleled customization options, RSO provides traders with insights that are both deeper and more actionable than ever before. This innovative tool is designed to empower traders, giving them the edge they need to succeed in an increasingly complex market landscape. Whether you’re a seasoned trader or just starting out, the RSO is a must-have tool for navigating market trends with confidence and precision.
KNN OscillatorOverview
The KNN Oscillator is an advanced technical analysis tool designed to help traders identify potential trend reversals and market momentum. Using the K-Nearest Neighbors (KNN) algorithm, this oscillator normalizes KNN values to create a dynamic and responsive indicator. The oscillator line changes color to reflect the market sentiment, providing clear visual cues for trading decisions.
Key Features
Dynamic Color Oscillator: The line changes color based on the oscillator value – green for positive, red for negative, and grey for neutral.
Advanced KNN Algorithm: Utilizes the K-Nearest Neighbors algorithm for precise trend detection.
Normalized Values: Ensures the oscillator values are normalized to align with the stock price range, making it applicable to various assets.
Easy Integration: Can be easily added to any TradingView chart for enhanced analysis.
How It Works
The KNN Oscillator leverages the K-Nearest Neighbors algorithm to calculate the average distance of the nearest neighbors over a specified period. These values are then normalized to match the stock price range, ensuring they are comparable across different assets. The oscillator value is derived by taking the difference between the normalized KNN values and the source price. The line's color changes dynamically to provide an immediate visual indication of the market's state:
Green: Positive values indicate upward momentum.
Red: Negative values indicate downward momentum.
Grey: Neutral values indicate a stable or consolidating market.
Usage Instructions
Trend Reversal Detection: Use the color changes to identify potential trend reversals. A shift from red to green suggests a bullish reversal, while a shift from green to red indicates a bearish reversal.
Momentum Analysis: The oscillator's value and color help gauge market momentum. Strong positive values (green) indicate strong upward momentum, while strong negative values (red) indicate strong downward momentum.
Market Sentiment: The dynamic color changes provide an easy-to-understand visual representation of market sentiment, helping traders make informed decisions quickly.
Confirmation Tool: Use the KNN Oscillator in conjunction with other technical indicators to confirm signals and improve the accuracy of your trades.
Scalability: Applicable to various timeframes and asset classes, making it a versatile tool for all types of traders.
TrendGuard Pullback Trader Indicators [Quantigenics]The 'TrendGuard Pullback Trader Indicators' offers a synergistic representation of Trend Wave, Trend Pulse, and Trend Strength, each interrelated to provide intuitive and comprehensive market analysis—combining momentum, trend fluctuation insights, and trend strength in one cohesive tool.
The "TrendGuard Pullback Trader Indicators " utilize a novel approach in market trend analysis, distinctly combining multiple Exponential Moving Averages (EMA) layers for enhanced momentum tracking. This script employs a triple-layered EMA system for the Trend Wave component, adeptly filtering market noise and providing a refined view of underlying momentum. In parallel, the Trend Pulse feature contrasts current prices against a double-EMA of modified averages, offering granular insights into short-term market dynamics. This synergy is further enriched by the Trend Strength Identifier, which leverages the differential between fast and slow EMAs. This element is key in distinguishing significant market trends from minor fluctuations, thus offering a comprehensive gauge of market sentiment. These components, while advanced in their individual functionalities, are integrated to provide a holistic market analysis tool, far surpassing the capabilities of standard trend-following indicators. This sophisticated integration, underpinned by complex mathematical modeling, ensures that the "TrendGuard Pullback Indicators" script is not just a collection of indicators but a refined, cohesive system for strategic trading.
Integrated Analysis System: Trend Wave, Trend Pulse, and Trend Strength Identifier:
Trend Wave : Advanced Momentum Analysis
Calculation : Implements an advanced smoothing technique using a triple-layered Exponential Moving Average (EMA). This complex approach reduces market noise by refining the momentum tracking algorithm, thereby enhancing trend line smoothness.
Output : The output is visualized as a color-changing histogram, pivoting from green to red to indicate bullish and bearish momentum. This histogram is based on a scaled and adjusted Trend Wave value, providing a nuanced understanding of market momentum shifts.
Trend Pulse : Precision in Short-term Market Dynamics
Design : Contrasts a unique combination of high and low prices with their double EMA, diverging from standard closing price analysis. This results in a dynamic indicator sensitive to immediate market shifts.
Function : Acts as a vital complement to Trend Wave, offering fine-grained insights into short-term market behavior. It enhances the overall system by adding depth to the trend context set by the Trend Wave
Trend Strength Identifier: In-Depth Trend Viability Assessment Mechanism
Mechanism : Utilizes a sophisticated differential EMA strategy, comparing fast and slow EMA outputs. The script’s complexity extends beyond basic EMA differences, incorporating advanced trend/noise ratio calculations and trend quality assessments.
Indicator Dynamics : Generates a histogram that colors and positions itself based on the strength and direction of market trends, further informed by calculated trend quality metrics. It crucially differentiates between major trends and minor market noise.
System Synergy :
The three components are designed to operate in unison, forming an integrated trading system. Their interrelation is not merely additive but synergistic, where each element informs and enhances the others, making them indispensable to one another.
This interconnected functionality blends the indicators, as each component is tailored to contribute to a unified decision-making process, rather than functioning as standalone entities. The system's unique construction and its reliance on the interplay between its components underscore its distinctiveness and necessity for combined usage.
How to Trade with the "TrendGuard Pullback Trader Indicators"
Integration with "TrendGuard Pullback Signals" script :
The "TrendGuard Pullback Trader Indicators" script is an integral part of the "TrendGuard Pullback Trader" system, designed to operate in tandem with the "TrendGuard Pullback Trader Signals" script. This script amalgamates three sophisticated indicators, each contributing a unique perspective to market analysis.
This script, while useful as a standalone trading method, is one part of a two-part system. The “TrendGuard Pullback Trader Signals” script can be found below:
Integrated Trend Analysis: Aligning Wave, Pulse, and Strength :
Trend Wave & Trend Pulse Alignment : Look for moments when both the Trend Wave and Trend Pulse indicate a similar direction (both turning green for bullish or red for bearish). This alignment often marks the beginning of a new primary trend.
Confirmation with Trend Strength : Ensure that the Trend Strength histogram supports the new trend. A rising histogram above the lower threshold (white line) indicates growing trend strength.
Assessing Trend Strength and Potential Exhaustion :
Monitoring Threshold Lines : The upper (blue) and lower (white) threshold lines are crucial. When the Trend Strength histogram crosses these lines, it signals significant market conditions:
Above the Upper Threshold (Blue Line): Indicates a very strong trend but be cautious of potential trend exhaustion. A peak above this line may signal that the trend is overstretched.
Below the Lower Threshold (White Line): Suggests a weak or emerging trend, potentially signaling a trend reversal or consolidation phase.
Determining Trending or Ranging Market :
Above Lower Threshold : If the Trend Strength histogram consistently stays above the lower threshold, it suggests a trending market. Use this phase for trend-following strategies.
Below Lower Threshold : When the histogram frequently falls below this line, it may indicate a ranging or choppy market. In such conditions, consider adopting range-bound strategies or tightening stop losses.
Practical Application :
Entry Points : Trades can be initiated when there’s an alignment in Trend Wave and Pulse, coupled with supportive readings in Trend Strength. For instance, long positions during a green Trend Wave and Pulse, with the Trend Strength histogram rising above the lower threshold and vice versa for short entries.
Exit Points and Profit Taking : Consider exiting or taking profits when the Trend Strength crosses above the upper threshold, indicating potential trend exhaustion, especially if the trend strength histogram suddenly drops. Also, look for changes in the Trend Wave and Pulse for additional exit signals.
Alerts Setup : Utilize the provided alert features for key changes in the indicators, especially when the Trend Strength crosses threshold lines, to stay updated on significant market shifts.
Interpreting Indicator Interactions :
Refer to the accompanying images for visual examples of how these indicators interact and signal various market conditions. Understanding their synergy will enhance your ability to recognize key market phases and adjust your trading strategy accordingly.
The "TrendGuard Pullback Trader Indicators" script is intricately designed to be used in conjunction with the "TrendGuard Pullback Trader Signals" script, offering a cohesive and comprehensive trading strategy. Use both scripts together for a more robust trading method.
Adjustable Input Parameters
Each component in the script features customizable settings, designed to offer traders comprehensive control over the indicators. This flexibility allows for tailoring to specific trading styles, market conditions, and time frames. With options for adjusting visibility, selecting price types, modifying calculation lengths, and setting thresholds, these parameters ensure that the tool can be fine-tuned for a high degree of customization and precision, making it adaptable and effective for nearly all markets/symbols and time frames.
Important Usage Guidance: For seamless integration with its counterpart, the "TrendGuard Pullback Trader Signals" script, it's crucial to align the input parameter settings across both scripts. When adjusting values from their defaults, ensure that corresponding parameters in both scripts are identically set. This synchronization is key to achieving a cohesive and accurate representation on your charts.
Show Indicator Name (ShowName):
This parameter controls the display of the indicator's name on the chart. When enabled (`true`), it visually labels the indicator for ease of identification. Disabling (`false`) this feature offers a cleaner visual by removing the label.
Show Trend Wave Indicator (ShowTrendWave):
Activates or deactivates the Trend Wave indicator. When active (`true`), it displays a histogram based on the triple-layered exponential moving average (EMA) of the selected price type, providing a visual representation of market momentum trends. Deactivating (`false`) simplifies the chart by removing this histogram.
Trend Wave Price (TrendWavePrice):
Specifies the price data (close, open, high, low) used in calculating the Trend Wave. This choice affects how the Trend Wave responds to market movements, with each price type offering a different perspective on market momentum.
Trend Wave Length (TrendWaveLength):
Determines the overall calculation period for the triple-layered EMA in the Trend Wave, influencing its sensitivity. A higher value leads to a smoother, less volatile wave, focusing on longer-term market trends, whereas a lower value makes it more responsive to recent price actions.
Show Trend Pulse Indicator (ShowTrendPulse):
This parameter toggles the display of the Trend Pulse indicator, which analyzes the divergence between the current closing price and a double-EMA of a modified price average, providing insight into immediate market dynamics. Enabling (`true`) it adds this analysis to the chart, while disabling (`false`) removes it for focus on other trends.
Trend Pulse Length (TrendPulseLength):
Sets the length for the main double-EMA calculation in the Trend Pulse. A higher number smoothens the indicator, reducing sensitivity to minor price changes and highlighting more significant short-term trends.
Show Trend Strength Indicator (ShowTrendStrength):
Controls whether the Trend Strength indicator is displayed. This indicator uses a differential approach between fast and slow EMAs to assess the market's trend strength. Enabling it (`true`) provides a histogram view of the trend’s robustness, whereas disabling (`false`) omits this analysis.
Fast Average Length (FastAvgLen):
Specifies the period for the fast EMA in the Trend Strength indicator. Shorter periods make the EMA more sensitive to recent price changes, ideal for identifying new trend formations.
Slow Average Length (SlowAvgLen):
Determines the period for the slow EMA in the Trend Strength indicator. A longer period smoothens the EMA, useful for identifying sustained trend directions.
Threshold High (ThresholdHi):
This value sets a high threshold for the Trend Strength indicator. Values exceeding this threshold indicate a strong and established market trend, which can be critical for strategies focusing on trend continuity.
Threshold Low (ThresholdLow):
Defines a low threshold for the Trend Strength indicator. Values below this threshold suggest weak or emerging trends, signaling potential trend reversals or consolidations.
Threshold Trend (ThreshTrend):
Establishes a specific threshold within the Trend Strength indicator for identifying significant trends. Exceeding this threshold often suggests a trend with potential trading relevance.
Enable Threshold Low (ThresholdLowOnOff):
This option enables or disables the low threshold in the Trend Strength calculation. It allows traders to customize the indicator’s sensitivity to weaker trends.
Average Line (AvgLine):
Adjusts the period for an additional EMA line in the Trend Strength indicator. This line acts as a smoothing reference for the Trend Strength. This can also act as a threshold reference as when its below the ‘Threshold Low’ line this could identify sideways/choppy conditions.
Conclusion:
The "TrendGuard Pullback Trader Indicators" script provides a multidimensional analysis platform, combining in-depth momentum tracking, immediate market movement insights, and robust trend evaluation.
Remember, trading involves risk, and past performance is not indicative of future results.
You can see the “Author’s instructions" below to get immediate access to TrendGuard Pullback Trader Indicators & the rest of the “Quantigenics Premium Indicator Suite”.
Coppock Curve w/ Early Turns [QuantVue]The Coppock Curve is a momentum oscillator developed by Edwin Coppock in 1962. The curve is calculated using a combination of the rate of change (ROC) for two distinct periods, which are then subjected to a weighted moving average (WMA).
History of the Coppock Curve:
The Coppock Curve was originally designed for use on a monthly time frame to identify buying opportunities in stock market indices, primarily after significant declines or bear markets.
Historically, the monthly time frame has been the most popular for the Coppock Curve, especially for long-term trend analysis and spotting the beginnings of potential bull markets after bearish periods.
The signal wasn't initially designed for finding sell signals, however it can be used to look for tops as well.
When the indicator is above zero it indicates a hold. When the indicator drops below zero it indicates a sell, and when the indicator moves above zero it signals a buy.
While this indicator was originally designed to be used on monthly charts of the indices, many traders now use this on individual equities and etfs on all different time frames.
About this Indicator:
The Coppock Curve is plotted with colors changing based on its position relative to the zero line. When above zero, it's green, and when below, it's red. (default settings)
An absolute zero line is also plotted in black to serve as a reference.
In addition to the classic Coppock Curve, this indicator looks to identify "early turns" or potential reversals of the Coppock Curve rather than waiting for the indicator to cross above or below the zero line.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers!
Ichimoku MA Up & DownIchimoku and MA use the default.
It is repainted because it uses a moving average line.
A marker is only true if it was created after the candle closed.
The principle is too simple.
Please enjoy using it.
- Up : Conversion Line > MA #1 and Base Line > MA #2
It is an uptrend. The short-term moving average should be above the conversion line. And the long-term should be above the Base Line.
- Down : Conversion Line < MA #1 and Base Line < MA #2
It's a downtrend. The short-term moving average should be below the conversion line. And the long-term should be below the Base Line.
You can get better results if you use a momentum indicator like RSI.
Thank you.
UCS_Momentum Oscillator - Version 2This is Version - 2 of the Momentum Oscillator, Like i said on the prior version, This version has an Indicator for Trends.
Marks only Overbought and Oversold Based on the TREND.
The Trend dots are calculated exactly like the Slingshot system trend.
WaveTrend Divergences, Candle Colouring and TP Signal [LuciTech]WaveTrend is a momentum-based oscillator designed to track trend strength, detect divergences, and highlight potential take-profit zones using Bollinger Bands. It provides a clear visualization of market conditions to help traders identify trend shifts and exhaustion points.
The WaveTrend Oscillator consists of a smoothed momentum line (WT Line) and a signal line, which work together to indicate trend direction and possible reversals. When the WT Line crosses above the signal line, it suggests bullish momentum, while crossing below signals bearish momentum.
Candle colouring changes dynamically based on WaveTrend crossovers. If the WT Line crosses above the signal line, candles turn bullish. If the WT Line crosses below the signal line, candles turn bearish. This provides an immediate visual cue for trend direction.
Divergence Detection identifies when price action contradicts the WaveTrend movement.
Bullish Divergence appears when price makes a lower low, but the WT Line forms a higher low, suggesting weakening bearish pressure.
Bearish Divergence appears when price makes a higher high, but the WT Line forms a lower high, indicating weakening bullish pressure.
Plus (+) Divergences are stronger signals that occur when the first pivot of the divergence happens at an extreme level—above +60 for bearish divergence or below -60 for bullish divergence. These levels suggest the market is overbought or oversold, making the divergence more significant.
Bollinger Band Signals highlight potential take-profit zones by detecting when the WT Line moves beyond its upper or lower Bollinger Band.
If the WT Line crosses above the upper band, it signals stretched bullish momentum, suggesting a possible pullback or reversal.
If the WT Line crosses below the lower band, it indicates stretched bearish momentum, warning of a potential bounce.
How It Works
The WaveTrend momentum calculation is based on an EMA-smoothed moving average to filter out noise and provide a more reliable trend indication.
The WT Line (momentum line) fluctuates based on market momentum.
The signal line smooths out the WT Line to help identify trend shifts.
When the WT Line crosses above the signal line, it suggests buying pressure, and when it crosses below, it indicates selling pressure.
Divergences are detected by comparing pivot highs and lows in price with pivot highs and lows in the WT Line.
A pivot forms when a local high or low is confirmed after a certain number of bars.
The indicator tracks whether price action and the WT Line are making opposite movements.
If a divergence occurs and the first pivot was beyond ±60, it is marked as a Plus Divergence, making it a stronger reversal signal.
Bollinger Bands are applied directly to the WT Line instead of price, identifying when the WT Line moves outside its volatility range. This helps traders recognize when momentum is overstretched and a potential reversal or retracement is likely.
Settings
Channel Length (default: 8) controls the period used to calculate the WT Line.
Average Length (default: 16) smooths the WT Line for better trend detection.
Divergences (on/off) enables or disables divergence plotting.
Candle colouring (on/off) applies or removes trend-based candle colour changes.
Bollinger Band Signals (on/off) toggles take-profit signals when the WT Line crosses the bands.
Bullish/Bearish colours allow customization of divergence and signal colours.
Interpretation
The WaveTrend Oscillator helps traders assess market momentum and trend strength.
Crossovers between the WT Line and signal line indicate potential trend reversals.
Divergences warn of weakening momentum and possible reversals, with Plus Divergences acting as stronger signals.
Bollinger Band Crosses highlight areas where momentum is overstretched, signaling potential profit-taking opportunities.
ZenAlgo - QZenAlgo - Q
Description
ZenAlgo - Q is an oscillator based on the QQE (Quantitative Qualitative Estimation) method. This version incorporates refinements for additional visualization and interpretation options. It is designed to help traders observe momentum changes and divergence patterns in price movements.
Key Features
QQE-Based Calculation : Derived from the open-source QQE script by Glaz (Metastock Version of QQE), with modifications for alternative visualization.
Dual RSI-Based Analysis : Uses two RSI calculations to provide additional context on price movements.
Adaptive Trend Bands : Adjust dynamically based on the market conditions.
Divergence Identification : Highlights potential differences between price action and oscillator movement.
Dynamic Color Coding : Displays histogram bars to illustrate shifts in oscillator values.
Configurable Alerts : Enables notifications for specific oscillator conditions.
How It Works
The indicator calculates a smoothed RSI-based oscillator that tracks the relative strength of price movement. It applies an exponential moving average (EMA) smoothing to reduce noise while maintaining responsiveness.
Two adaptive bands are calculated using a variation of the QQE method, which helps define dynamic overbought and oversold conditions.
The histogram bars shift in color based on the position of the oscillator relative to the bands. Lighter shades indicate weaker momentum, while stronger momentum is represented by more saturated colors.
The script also includes a secondary RSI component, which provides an additional layer of analysis. This secondary RSI helps refine momentum trends by smoothing out short-term fluctuations.
Divergence identification is built-in, highlighting where price action deviates from oscillator readings. Bullish divergence occurs when price forms a lower low while the oscillator forms a higher low, and bearish divergence is identified when price forms a higher high while the oscillator forms a lower high.
The indicator does not generate buy or sell signals but instead provides contextual information that can be used alongside other trading strategies.
Use Cases
Trend Observation : Traders can use the histogram to observe whether momentum is strengthening or weakening over time. A shift in color can indicate a potential change in trend strength.
Divergence Analysis : By comparing oscillator divergence with price movement, traders can identify situations where price action may be losing momentum. Divergences do not guarantee reversals but can serve as an early warning to re-evaluate positions.
Momentum Tracking : The dual RSI structure allows users to monitor both short-term and long-term momentum. When both RSI components are aligned, it suggests a more stable trend, while divergence between them may indicate potential consolidation or trend shifts.
Supplementary Analysis : This indicator is best used as a supporting tool alongside volume-based or trend-following indicators. It helps visualize underlying price behavior but should not be used in isolation for decision-making.
Market Context Interpretation : The combination of adaptive bands and histogram visualization allows traders to assess how recent price action compares to historical movement, helping to place current conditions in a broader market context.
Attribution
This script is an adaptation of the open-source QQE script originally developed by Glaz. We acknowledge and appreciate the original author's work, which served as a foundation for our modifications.
Disclaimer
This indicator is intended for informational purposes only. It should not be interpreted as financial advice. Always conduct independent research and risk management before making trading decisions.
