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Smart Envelope - Running Away From The TrendIntroduction Envelopes indicators consist in displaying one upper and one lower extremity on the price chart. They are most of the time built by adding/subtracting a volatility estimator (rolling stdev, atr, range...etc) to a central tendency estimator (SMA, EMA, LSMA...etc) . Their interpretation is often subject to debate amongst technical analyst, some will use a support and resistance methodology, where price will start a downtrend once it cross the upper extremity, and a down trend once it cross the lower one. Others will prefer a breakout methodology, where price will reach higher highs once it cross the upper extremity, and lower lows when it cross the lower one. Because of price non stationarity its hard to select the best methodology, the support and resistance one will mostly work on ranging markets, while the breakout methodology mostly work on trending ones. Therefore new methods where proposed, instead of using moving averages with a high lag, faster filters where used, such as the least squares moving average or zero lag exponential moving average, other band indicators where also created using adaptive filters, but improvements remain relatively low. The most difficult task would be to make extremities with the ability to return accurate support and resistances levels, and today i want to provide a new way to construct such extremities by using the recursive bands framework that allow extremely creative and efficient indicators. The Main Idea With classical bands indicators, the upper and lower extremity will still be correlated with the main trend, the problem behind such method is that we can't use a support and resistance methodology with trending markets, the fact that reversals exist tells us that our extremities will always be crossed by the main trend, here is an example : Here the support is correlated with the main trend, in order for it to be accurate we must assume the trend will go on for ever, and will only detect higher lows, this is what we expect with the orange line, but we can see that a severe down trend totally destroy our plan. In short we need to give some headroom to our extremities, and thus one extremity can't be correlated with the main trend. The proposed Indicator We want to minimize the correlation between the extremities, so if the upper extremity rise, the lower one must fall. This allow to give some headroom and allow the user to anticipate larger movements, this is how bands seeking to give support and resistances points should work. The indicator has a length setting that control the wideness of the extremities, unlike other indicators low values such as 14 can still create really wide bands, take that into account. length = 5. Lower length values allow for more motion from the extremities, but does not necessarily involve detecting shorter terms support and resistances levels. The factor setting is not that important, but it allow to return extremities with more motion when high, and really wide bands when below 1 and greater than 0. Central Tendency Estimator Something fun with the recursive band framework is that the bands are no longer based on the central tendency estimator but its the central tendency estimator who is based on the bands. The central tendency estimator can also provide support and resistances points with the price, like classical moving averages, altho its lack of motion is this time a downside. Conclusion Altho the extremities are more accurate than other band indicators, the problem remain the same, larger trend will always break the extremities and continue creating higher/lower highs/lows, at this point our stop loss would certainly be triggered. This is a huge downsides of contrarian strategy, we sure might anticipate reversals earlier, but we are exposed to larger price movements, therefore the risk is extreme. But the proposed methodology might still prove useful to develop more robust support and resistances levels based on envelopes indicators. Thanks for reading !
Indicatore Pine Script®
di alexgrover
15
PivotBoss Wick Reversal SetupPATTERN SUMMARY 1. The body is used to determine the size oftlle reversal wick. A wick tllat is between 2.5 to 3.5 times larger than the size of the body is ideal. 2. For a bullish reversal wick to exist, tlle close ofthe bar should fall witllin tlle top 35 percent of the overall range of the candle. 3. For a bearish reversal wick to exist, the close of the bar should fall within the bottom 35 percent of the overall range of the candle. PATTERN PSYCHOLOGY Figure 2-4 shows several types of bullish and bearish reversal wick candlesticks that can all signal profitable reversal opportunities in the market, especially if these patterns are paired with key pivot levels. In traditional candlestick jargon, these particular candlesticks would have names ranging from hammer , hanging man, inverted hammer , shooting star , gravestone doji , or dragonfly doji , depending on where the candle is placed in a trend. Now you can see why I simply call these candlesticks wicks, or even tails. Instead of fumbling over the proper naming of these candlesticks , I believe it is more important to know what these patterns represent. What are they telling you? Types of Candlestick Reversal Wicks When the market has been trending lower then suddenly forms a reversal wick candlestick , the likelihood of a reversal increases since buyers have finally begun to overwhelm the sellers. Selling pressure rules the decline, but responsive buyers entered the market due to perceived undervaluation. For the reversal wick to open near the high of the candle, sell off sharply intra-bar, and then rally back toward the open of the candle is bullish , as it signifies that the bears no longer have control since they were not able to extend the decline of the candle, or the trend. Instead, the bulls were able to rally price from the lows of the candle and close the bar near the top of its range, which is bullish - at least for one bar, which hadn't been the case during the bearish trend (see Figure 2.5). The Stages of a Reversal Wick Stage 1 Stage 2 Stage 3 Essentially, when a reversal wick forms at the extreme of a trend, the market is telling you that the trend either has stalled or is on the verge of a reversal. Remember, the market auctions higher in search of sellers, and lower in search of buyers. When the market over-extends itself in search of market participants, it will find itself out of value, which means responsive market participants will look to enter the market to push price back toward an area of perceived value. This will help price find a value area for two-sided trade to take place. When the market finds itself too far out of value, responsive market participants will sometimes enter the market with force, which aggressively pushes price in the opposite direction, essentially forming reversal wick candlesticks . This pattern is perhaps the most telling and common reversal setup, but requires steadfast confirmation in order to capitalize on its power. Understanding the psychology behind these formations and learning to identify them quickly will allow you to enter positions well ahead of the crowd, especially if you've spotted these patterns at potentially overvalued or undervalued areas.
Indicatore Pine Script®
di ParCorn
3
HA Reversal StrategyCertainly! Here's a detailed **description (elaboration)** for the **"HA Candle Test"** (i.e., the Heikin Ashi strategy script I just gave you): --- ### 📌 **Script Name**: HA Candle Test ### 📖 **Description**: This script visualizes **Heikin Ashi candles** and identifies **trend reversal signals** using classic momentum candle behavior — particularly the appearance of **no-wick candles**, which are known to reflect strong directional pressure in Heikin Ashi charts. It aims to **capture high-probability trend reversals** with minimal noise, relying on the natural smoothing behavior of Heikin Ashi candles. --- ### ✅ **Buy Signal Conditions**: * At least **two consecutive red Heikin Ashi candles** (indicating a short-term downtrend). * Followed by a **green Heikin Ashi candle** that has **no lower wick** (i.e., open == low). * This suggests that **buyers have taken full control**, with no push from sellers — a potential start of an uptrend. 📍 **Interpreted as**: “Market was selling off, but now buyers stepped in strongly — time to consider buying.” --- ### ✅ **Sell Signal Conditions**: * At least **two consecutive green Heikin Ashi candles** (short-term uptrend). * Followed by a **red Heikin Ashi candle** that has **no upper wick** (i.e., open == high). * This implies **sellers are dominating**, with no attempt from buyers to push higher — possible start of a downtrend. 📍 **Interpreted as**: “Market was rallying, but sellers just took over decisively — time to consider selling.” --- ### 📊 **Visual Aids Included**: * Plots **Heikin Ashi candles** on your main chart for clarity. * Uses **Buy** and **Sell** label markers (green & red) at signal points. * Compatible with any timeframe — higher timeframes typically yield stronger signals. --- ### 💡 **Suggested Use**: * Combine with **support/resistance**, **volume**, or **trend filters** for more robust setups. * Works well on **1H, 4H, and Daily charts** in trending markets. * Can be used manually or turned into an automated strategy for backtesting or alerts. --- Would you like this script packaged as a **strategy()** for backtesting, or would you like me to add **alerts** so you can get notified in real-time when signals appear?
Indicatore Pine Script®
di HermioneGranger96
SMC ICT – Simplified Daily Trend & Reversal AnalyzerThis Pine Script provides a simplified approach to analyzing daily trends and potential reversals using concepts inspired by Smart Money Concepts (SMC) and ICT (Inner Circle Trader). What It Does: • Detects daily uptrend and downtrend conditions by comparing the current daily high/low to the previous day’s values. • Highlights potential bullish or bearish reversal zones when price behavior suggests a shift in sentiment. • Automatically draws dashed lines for the previous day's high and low. • Labels these high/low levels for quick visual reference. How to Use: Apply this indicator to any timeframe chart. Use the plotted trend markers to assess daily direction and potential reversal signals. The dashed lines (previous high/low) can be used as reference points for liquidity zones or break/retest entries. User Interface: The indicator displays labels and shapes in English. This script is intended for educational and trading workflow enhancement purposes. Note: This is an open-source tool designed for clarity and basic SMC/ICT application. It is best used in combination with other confluences like FVGs, order blocks, and liquidity sweeps.
Indicatore Pine Script®
di marcardy05
BB Vicinity Reversal SignalsThis indicator detects potential intraday reversal opportunities based on price action near the outer edges of Bollinger Bands (±2.7 std dev). Unlike traditional Bollinger Band signals that require strict band touches or crossings, this tool identifies reversals that occur in the vicinity of the outer bands, increasing signal frequency while maintaining logical precision. ✅ Key Features: Buy Signal: Triggered when a bullish candle with a strong body forms near the lower Bollinger Band. Sell Signal: Triggered when a bearish candle with a strong body forms near the upper Bollinger Band. Vicinity logic: User-adjustable % range from the outer bands (default: 20%) to define how close price must be. Body-to-candle ratio filter: Ensures that only meaningful directional candles trigger signals. No repainting: All signals are generated in real-time based on confirmed candle closes. Built-in alerts: Receive instant notifications for buy and sell setups. This tool is ideal for traders looking to capture high-probability mean-reversion trades without being overly restrictive. It works well on intraday timeframes like 5m, 15m, and 1h.
Indicatore Pine Script®
di viharka
2
Multi Candle Engulfing Detector🔍 Multi Candle Engulfing Detector This indicator identifies powerful engulfing candles that consume three or more previous candles — a signal often tied to strong market reversals or continuation moves. 🧠 Features Detects candles that fully engulf the previous 3 or more candles Optional filtering: only trigger when the engulfed candles are of the opposite color Customizable engulf count for greater pattern control Clear bullish and bearish signal labels on the chart Alerts integrated: get notified the moment a setup forms Background highlighting for enhanced visibility ⚙️ Settings Minimum Number of Candles to Engulf: Default is 3, but can be adjusted Require Opposite Color: When enabled, the engulfing candle must be opposite in color to the engulfed ones (e.g., green engulfing red) 📈 Use Cases Spot strong reversal signals at tops and bottoms Confirm breakout momentum on trend continuation Use in confluence with other tools like volume or support/resistance 🚨 Alerts Alerts fire when a bullish or bearish engulfing pattern is detected, allowing for mobile, email, or webhook notifications. ✅ Notes This script is fully customizable and can be extended into a strategy or scanning tool. Feedback and suggestions are always welcome!
Indicatore Pine Script®
di johnkhawaja
Smarter Money Concepts - OBs [PhenLabs]📊 Smarter Money Concepts - OBs Version: PineScript™ v6 📌 Description Smarter Money Concepts - OBs (Order Blocks) is an advanced technical analysis tool designed to identify and visualize institutional order zones on your charts. Order blocks represent significant areas of liquidity where smart money has entered positions before major moves. By tracking these zones, traders can anticipate potential reversals, continuations, and key reaction points in price action. This indicator incorporates volume filtering technology to identify only the most significant order blocks, eliminating low-quality signals and focusing on areas where institutional participation is likely present. The combination of price structure analysis and volume confirmation provides traders with high-probability zones that may attract future price action for tests, rejections, or breakouts. 🚀 Points of Innovation Volume-Filtered Block Detection : Identifies only order blocks formed with significant volume, focusing on areas with institutional participation Advanced Break of Structure Logic : Uses sophisticated price action analysis to detect legitimate market structure breaks preceding order blocks Dynamic Block Management : Intelligently tracks, extends, and removes order blocks based on price interaction and time-based expiration Structure Recognition System : Employs technical analysis algorithms to find significant swing points for accurate order block identification Dual Directional Tracking : Simultaneously monitors both bullish and bearish order blocks for comprehensive market structure analysis 🔧 Core Components Order Block Detection : Identifies institutional entry zones by analyzing price action before significant breaks of structure, capturing where smart money has likely positioned before moves. Volume Filtering Algorithm : Calculates relative volume compared to a moving average to qualify only order blocks formed with significant market participation, eliminating noise. Structure Break Recognition : Uses price action analysis to detect legitimate breaks of market structure, ensuring order blocks are identified only at significant market turning points. Dynamic Block Management : Continuously monitors price interaction with existing blocks, extending, maintaining, or removing them based on current market behavior. 🔥 Key Features Volume-Based Filtering : Filter out insignificant blocks by requiring a minimum volume threshold, focusing only on zones with likely institutional activity Visual Block Highlighting : Color-coded boxes clearly mark bullish and bearish order blocks with customizable appearance Flexible Mitigation Options : Choose between “Wick” or “Close” methods for determining when a block has been tested or mitigated Scan Range Adjustment : Customize how far back the indicator looks for structure points to adapt to different market conditions and timeframes Break Source Selection : Configure which price component (close, open, high, low) is used to determine structure breaks for precise block identification 🎨 Visualization Bullish Order Blocks : Blue-colored rectangles highlighting zones where bullish institutional orders were likely placed before upward moves, representing potential support areas. Bearish Order Blocks : Red-colored rectangles highlighting zones where bearish institutional orders were likely placed before downward moves, representing potential resistance areas. Block Extension : Order blocks extend to the right of the chart, providing clear visualization of these significant zones as price continues to develop. 📖 Usage Guidelines Order Block Settings Scan Range : Default: 25. Defines how many bars the indicator scans to determine significant structure points for order block identification. Bull Break Price Source : Default: Close. Determines which price component is used to detect bullish breaks of structure. Bear Break Price Source : Default: Close. Determines which price component is used to detect bearish breaks of structure. Visual Settings Bullish Blocks Color : Default: Blue with 85% transparency. Controls the appearance of bullish order blocks. Bearish Blocks Color : Default: Red with 85% transparency. Controls the appearance of bearish order blocks. General Options Block Mitigation Method : Default: Wick, Options: Wick, Close. Determines how block mitigation is calculated - “Wick” uses high/low values while “Close” uses close values for more conservative mitigation criteria. Remove Filled Blocks : Default: Disabled. When enabled, order blocks are removed once they’ve been mitigated by price action. Volume Filter Volume Filter Enabled : Default: Enabled. When activated, only shows order blocks formed with significant volume relative to recent average. Volume SMA Period : Default: 15, Range: 1-50. Number of periods used to calculate the average volume baseline. Min. Volume Ratio : Default: 1.5, Range: 0.5-10.0. Minimum volume ratio compared to average required to display an order block; higher values filter out more blocks. ✅ Best Use Cases Identifying high-probability support and resistance zones for trade entries and exits Finding optimal stop-loss placement behind significant order blocks Detecting potential reversal areas where price may react after extended moves Confirming breakout trades when price clears major order blocks Building a comprehensive market structure map for medium to long-term trading decisions Pinpointing areas where smart money may have positioned before major market moves ⚠️ Limitations Most effective on higher timeframes (1H and above) where institutional activity is more clearly defined Can generate multiple signals in choppy market conditions, requiring additional filtering Volume filtering relies on accurate volume data, which may be less reliable for some securities Recent market structure changes may invalidate older order blocks not yet automatically removed Block identification is based on historical price action and may not predict future behavior with certainty 💡 What Makes This Unique Volume Intelligence : Unlike basic order block indicators, this script incorporates volume analysis to identify only the most significant institutional zones, focusing on quality over quantity. Structural Precision : Uses sophisticated break of structure algorithms to identify true market turning points, going beyond simple price pattern recognition. Dynamic Block Management : Implements automatic block tracking, extension, and cleanup to maintain a clean and relevant chart display without manual intervention. Institutional Focus : Designed specifically to highlight areas where smart money has likely positioned, helping retail traders align with institutional perspectives rather than retail noise. 🔬 How It Works 1. Structure Identification Process : The indicator continuously scans price action to identify significant swing points and structure levels within the specified range, establishing a foundation for order block recognition. 2. Break Detection : When price breaks an established structure level (crossing below a significant low for bearish breaks or above a significant high for bullish breaks), the indicator marks this as a potential zone for order block formation. 3. Volume Qualification : For each potential order block, the algorithm calculates the relative volume compared to the configured period average. Only blocks formed with volume exceeding the minimum ratio threshold are displayed. 4. Block Creation and Management : Valid order blocks are created, tracked, and managed as price continues to develop. Blocks extend to the right of the chart until they are either mitigated by price action or expire after the designated timeframe. 5. Continuous Monitoring : The indicator constantly evaluates price interaction with existing blocks, determining when blocks have been tested, mitigated, or invalidated, and updates the visual representation accordingly. 💡 Note: Order Blocks represent areas where institutional traders have likely established positions and may defend these zones during future price visits. For optimal results, use this indicator in conjunction with other confluent factors such as key support/resistance levels, trendlines, or additional confirmation indicators. The most reliable signals typically occur on higher timeframes where institutional activity is most prominent. Start with the default settings and adjust parameters gradually to match your specific trading instrument and style.
Indicatore Pine Script®
di PhenLabs
Upside Reversal ScreenerIndicator mainly intended to be used in Pinescript screener to find Upside Reversals - where an instruments drops in price then reverses. The minimum drop (as % or % of instrument ATR) and minimum recovery (as fraction of drop) can be specified. When used as an indicator (Set the "Running in Screener" input to False in the settings) an up arrow will show under the days where an upside reversal occurred. To use in a screener, set it as a favourite indicator, so it will be showin in the PineScript screener. The indicator publishes the Open, High, Low, Close (or last) prices, % price change, % of drop (from high), the recovery (as % of drop), and if the stock matched the reverse settings.
Indicatore Pine Script®
di ldnandrew
VIDYA Auto-Trading(Reversal Logic)Overview This script is a dynamic trend-following strategy based on the Variable Index Dynamic Average (VIDYA). It adapts in real time to market volatility, aiming to enhance entry precision and optimize risk management. ⚠️ This strategy is intended for educational and research purposes. Past performance does not guarantee future results. All results are based on historical simulations using fixed parameters. Strategy Objectives The objective of this strategy is to respond swiftly to sudden price movements and trend reversals, providing consistent and reliable trade signals under historical testing conditions. It is designed to be intuitive and efficient for traders of all levels. Key Features Momentum Sensitivity via VIDYA: Reacts quickly to momentum shifts, allowing for accurate trend-following entries. Volatility-Based ATR Bands: Automatically adjusts stop levels and entry conditions based on current market volatility. Intuitive Trend Visualization: Uptrends are marked with green zones, and downtrends with red zones, giving traders clear visual guidance. Trading Rules Long Entry: Triggered when price crosses above the upper band. Any existing short position is closed. Short Entry: Triggered when price crosses below the lower band. Any existing long position is closed. Exit Conditions: Positions are reversed based on signal changes, using a position reversal strategy. Risk Management Parameters Market: ETHUSD(5M) Account Size: $3,000 (reasonable approximation for individual traders) Commission: 0.02% Slippage: 2 pip Risk per Trade: 5% of account equity (adjusted to comply with TradingView guidelines for realistic risk levels) Number of Trades: 251 (based on backtest over the selected dataset) ⚠️ The risk per trade and other values can be customized. Users are encouraged to adapt these to their individual needs and broker conditions. Trading Parameters & Considerations VIDYA Length: 10 VIDYA Momentum: 20 Distance factor for upper/lower bands: 2 Source: close Visual Support Trend zones, entry points, and directional shifts are clearly plotted on the chart. These visual cues enhance the analytical experience and support faster decision-making. Visual elements are designed to improve interpretability and are not intended as financial advice or trade signals. Strategy Improvements & Uniqueness Inspired by the public work of BigBeluga, this script evolves the original concept with meaningful enhancements. By combining VIDYA and ATR bands, it offers greater adaptability and practical value compared to conventional trend-following strategies. This adaptation is original work and not a direct copy. Improvements are designed to enhance usability, risk control, and market responsiveness. Summary This strategy offers a responsive and adaptive approach to trend trading, built on momentum detection and volatility-adjusted risk management. It balances clarity, precision, and practicality—making it a powerful tool for traders seeking reliable trend signals. ⚠️ All results are based on historical data and are subject to change under different market conditions. This script does not guarantee profit and should be used with caution and proper risk management.
Strategia Pine Script®
di PakunFX
Quarterly Theory ICT 03 [TradingFinder] Precision Swing Points🔵 Introduction Precision Swing Point (PSP) is a divergence pattern in the closing of candles between two correlated assets, which can indicate a potential trend reversal. This structure appears at market turning points and highlights discrepancies between the price behavior of two related assets. PSP typically forms in key timeframes such as 5-minute, 15-minute, and 90-minute charts, and is often used in combination with Smart Money Concepts (SMT) to confirm trade entries. PSP is categorized into Bearish PSP and Bullish PSP : Bearish PSP : Occurs when an asset breaks its previous high, and its middle candle closes bullish, while the correlated asset closes bearish at the same level. This divergence signals weakness in the uptrend and a potential price reversal downward. Bullish PSP : Occurs when an asset breaks its previous low, and its middle candle closes bearish, while the correlated asset closes bullish at the same level. This suggests weakness in the downtrend and a potential price increase. 🟣 Trading Strategies Using Precision Swing Point (PSP) PSP can be integrated into various trading strategies to improve entry accuracy and filter out false signals. One common method is combining PSP with SMT (divergence between correlated assets), where traders identify divergence and enter a trade only after PSP confirms the move. Additionally, PSP can act as a liquidity gap, meaning that price tends to react to the wick of the PSP candle, making it a favorable entry point with a tight stop-loss and high risk-to-reward ratio. Furthermore, PSP combined with Order Blocks and Fair Value Gaps in higher timeframes allows traders to identify stronger reversal zones. In lower timeframes, such as 5-minute or 15-minute charts, PSP can serve as a confirmation for more precise entries in the direction of the higher timeframe trend. This is particularly useful in scalping and intraday trading, helping traders execute smarter entries while minimizing unnecessary stop-outs. 🔵 How to Use PSP is a trading pattern based on divergence in candle closures between two correlated assets. This divergence signals a difference in trend strength and can be used to identify precise market turning points. PSP is divided into Bullish PSP and Bearish PSP, each applicable for long and short trades. 🟣 Bullish PSP A Bullish PSP forms when, at a market turning point, the middle candle of one asset closes bearish while the correlated asset closes bullish. This discrepancy indicates weakness in the downtrend and a potential price reversal upward. Traders can use this as a signal for long (buy) trades. The best approach is to wait for price to return to the wick of the PSP candle, as this area typically acts as a liquidity level. f PSP forms within an Order Block or Fair Value Gap in a higher timeframe, its reliability increases, allowing for entries with tight stop-loss and optimal risk-to-reward ratios. 🟣 Bearish PSP A Bearish PSP forms when, at a market turning point, the middle candle of one asset closes bullish while the correlated asset closes bearish. This indicates weakness in the uptrend and a potential price decline. Traders use this pattern to enter short (sell) trades. The best entry occurs when price retests the wick of the PSP candle, as this level often acts as a resistance zone, pushing price lower. If PSP aligns with a significant liquidity area or Order Block in a higher timeframe, traders can enter with greater confidence and place their stop-loss just above the PSP wick. Overall, PSP is a highly effective tool for filtering false signals and improving trade entry precision. Combining PSP with SMT, Order Blocks, and Fair Value Gaps across multiple timeframes allows traders to execute higher-accuracy trades with lower risk. 🔵 Settings Mode : 2 Symbol : Identifies PSP and PCP between two correlated assets. 3 Symbol : Compares three assets to detect more complex divergences and stronger confirmation signals. Second Symbol : The second asset used in PSP and correlation calculations. Third Symbol : Used in three-symbol mode for deeper PSP and PCP analysis. Filter Precision X Point : Enables or disables filtering for more precise PSP and PCP detection. This filter only identifies PSP and PCP when the base asset's candle qualifies as a Pin Bar. Trend Effect : By changing the Trend Effect status to "Off," all Pin bars, whether bullish or bearish, are displayed regardless of the current market trend. If the status remains "On," only Pin bars in the direction of the main market trend are shown. Bullish Pin Bar Setting : Using the "Ratio Lower Shadow to Body" and "Ratio Lower Shadow to Higher Shadow" settings, you can customize your bullish Pin bar candles. Larger numbers impose stricter conditions for identifying bullish Pin bars. Bearish Pin Bar Setting : Using the "Ratio Higher Shadow to Body" and "Ratio Higher Shadow to Lower Shadow" settings, you can customize your bearish Pin bar candles. Larger numbers impose stricter conditions for identifying bearish Pin bars. 🔵 Conclusion Precision Swing Point (PSP) is a powerful analytical tool in Smart Money trading strategies, helping traders identify precise market turning points by detecting divergences in candle closures between correlated assets. PSP is classified into Bullish PSP and Bearish PSP, each playing a crucial role in detecting trend weaknesses and determining optimal entry points for long and short trades. Using the PSP wick as a key liquidity level, integrating it with SMT, Order Blocks, and Fair Value Gaps, and analyzing higher timeframes are effective techniques to enhance trade entries. Ultimately, PSP serves as a complementary tool for improving entry accuracy and reducing unnecessary stop-outs, making it a valuable addition to Smart Money trading methodologies.
Indicatore Pine Script®
di TFlab
3
Uptrick: Time Based ReversionIntroduction The Uptrick: Time Based Reversion indicator is designed to provide a comprehensive view of market momentum and potential trend shifts by combining multiple moving averages, a streak-based trend analysis system, and adaptive color visualization. It helps traders identify strong trends, spot potential reversals, and make more informed trading decisions. Purpose The primary goal of this indicator is to assist traders in distinguishing between sustained market movements and short-lived fluctuations. By evaluating how price behaves relative to its moving averages, and by measuring consecutive streaks above or below these averages, the indicator highlights areas where trends are likely to continue or lose momentum. Overview Uptrick: Time Based Reversion calculates one or more moving averages of price data and then tracks the number of consecutive bars (streaks) above or below these averages. This streak-based detection provides insight into whether a trend is gaining strength or nearing a potential reversal point. The indicator offers: • Multiple moving average types (SMA, EMA, WMA) • Optional second and third moving average layers for additional smoothing of first moving average • A streak detection system to quantify trend intensity • A dynamic color scheme that changes with streak strength • Optional buy and sell signals for potential trade entries and exits • A ribbon mode that applies moving averages to Open, High, Low, and Close prices for a more detailed visualization of overall trend alignment Originality and Uniqueness Unlike traditional moving average indicators, Uptrick: Time Based Reversion incorporates a streak measurement system to detect trend strength. This approach helps clarify whether a price movement is merely a quick fluctuation or part of a longer-lasting trend. Additionally, the optional ribbon mode extends this logic to Open, High, Low, and Close prices, creating a layered and intuitive visualization that shows complete trend alignment. Inputs and Features 1. Enable Ribbon Mode This input lets you activate or deactivate the ribbon display of multiple moving averages. When enabled, the script plots moving averages for the Open, High, Low, and Close prices and uses color fills to show whether these four data points are collectively above or below their respective moving averages. 2. Color Scheme Selection Users can choose from several predefined color schemes, such as Default, Emerald, Crimson, Sapphire, Gold, Purple, Teal, Orange, Gray, Lime, or Aqua. Each scheme assigns distinct bullish, bearish and neutral colors.. 3. Show Buy/Sell Signals The indicator can display buy or sell signals based on its streak analysis logic. These signals appear as markers on the chart, indicating a “Safe Uptrend” (buy) or “Safe Downtrend” (sell). 4. Moving Average Types and Lengths • First MA Type and Length: Choose SMA, EMA, or WMA along with a customizable period. • Second and Third MA Types and Lengths: You can optionally stack additional moving averages for further smoothing, each with its own customizable type and period. 5. Streak Threshold Multiplier This numeric input determines how strong a streak must be before the script considers it a “safe” trend. A higher multiplier requires a longer or more intense streak for a buy or sell signal. 6. Dynamic Transparency Calculation The color intensity adapts to the streak’s strength. Longer streaks increase the transparency of the opposing color, making the current dominant color stand out. This feature ensures that a vigorous uptrend or downtrend is visually distinct from short-lived or weaker moves. 7. Ribbon Moving Averages In ribbon mode, the script calculates moving averages for the Open, High, Low, and Close prices. Each of these is optionally smoothed again if the second and/or third moving average layers are active. The final result is a ribbon of moving averages that helps confirm whether the market is uniformly aligned above or below these key reference points. Calculation Methodology 1. Initial Moving Average The script calculates the first moving average (SMA, EMA, or WMA) of the closing price over a user-defined period. 2. Optional Secondary and Tertiary Averages If selected, the script then applies a second and/or third smoothing step. Each of these steps can be a different type of moving average (SMA, EMA, or WMA) with its own period length. 3. Streak Detection The indicator counts consecutive bars above or below the smoothed moving average. A running total (streakUp or streakDown) increments with every bar that remains above or below that average. 4. Reversion Intensity The script compares the current streak value to its own average (calculated over the final chosen period). This ratio determines whether the streak is nearing a likely reversion or is strong enough to continue. 5. Color Assignment and Signals The indicator calculates color transparency based on streak intensity. Buy and sell signals appear when the streak meets or exceeds the threshold multiplier, indicating a safe uptrend or downtrend. Color Schemes and Visualization This indicator offers multiple predefined color sets. Each scheme specifies a unique bullish color, bearish color and neutral color. The script automatically varies transparency to highlight strong trends and fade weaker ones, making it visually clear when a trend is intensifying or losing momentum. Smoothing Techniques By allowing up to three layers of moving average smoothing, the indicator accommodates different trading styles. A single layer provides faster reactions to market changes, while more layers reduce noise at the cost of slower responsiveness. Traders can choose the right balance between responsiveness and stability for their strategy, whether it is short-term scalping or long-term trend following. Why It Combines Specific Smoothing Techniques The Uptrick: Time Based Reversion indicator strategically combines specific smoothing techniques—SMA, EMA, and WMA—to leverage their complementary strengths. The SMA provides stable and consistent trend identification by equally weighting all data points, while the EMA emphasizes recent price movements, allowing quicker responses to market changes. WMA enhances sensitivity to recent price shifts, which helps in detecting subtle momentum changes early. By integrating these methods in layers, the indicator effectively balances responsiveness with stability, helping traders clearly identify genuine trend changes while filtering out short-term noise and false signals. Ribbon Mode If Open, High, Low, and Close prices remain above or below their respective moving averages consistently, the script colors the bars fully bullish or bearish. When the data points are mixed, a neutral color is applied. This mode provides a thorough perspective on whether the entire price range is aligned in one direction or showing conflicting signals. Summary Uptrick: Time Based Reversion combines multiple moving averages, streak detection, and dynamic color adjustments to help traders identify significant trends and potential reversal areas. Its flexibility allows it to be used either in a simpler form, with one moving average and streak analysis, or in a more advanced configuration with ribbon mode that charts multiple smoothed averages for a deeper understanding of price alignment. By adapting color intensities based on streak strength and providing optional buy/sell signals, this indicator delivers a clear and flexible tool suited to various trading strategies. Disclaimer This indicator is designed as an analysis aid and does not guarantee profitable trades. Past performance does not indicate future success, and market conditions can change unexpectedly. Users are advised to employ proper risk management and thoroughly evaluate trades before taking positions. Use this indicator as part of a broader strategy, not as a sole decision-making tool.
Indicatore Pine Script®
di Uptrick
4
Overextension Oscillator [by DanielM]The Overextension Oscillator is an indicator that detects when a market move has extended significantly beyond its typical range, signaling potential areas for a correction or reversal. Unlike traditional oscillators that rely on fixed overbought/oversold levels, this tool dynamically adjusts its thresholds based on historical swing high and swing low movements. By analyzing all swing points on the chart, the indicator determines the expected range of price movements and identifies when the price extends beyond normal levels. Since every asset has different price behavior and volatility, swing lengths may vary from asset to asset, ensuring that overextension is measured relative to each market's historical price behavior. How It Works 1️⃣ Swing Detection & Data Collection The indicator scans all available swing highs and swing lows on the chart to gather a complete dataset of past price fluctuations. It records the percentage differences between swings to determine how much price typically moves in a given market. 2️⃣ Overextension Calculation Using the stored swing data, the indicator calculates: Average Swing Difference – Measures the average percentage difference between swings. Average Move Percentage – Determines the typical magnitude of price moves within a trend cycle. These values are used to create dynamic overextension thresholds that adjust based on historical data. 3️⃣ Price Distance & Overextension Measurement The indicator calculates the distance between the current price and the closest historical swing point. If this distance exceeds the predefined threshold based on past swings, the move is considered overextended. The greater the deviation, the higher the probability of a pullback or short-term reversal. 4️⃣ Buy/Sell Signal Generation A Buy signal is generated when the price has dropped below an overextended threshold relative to a past swing low. A Sell signal is generated when the price has risen beyond an overextended threshold relative to a past swing high. These signals indicate that the price has reached a level where it historically tends to slow down or reverse.
Indicatore Pine Script®
di DanieIM
11
Moving Average Pullback Signals [UAlgo]The "Moving Average Pullback Signals " indicator is designed to identify potential trend continuation or reversal points based on moving average (MA) pullback patterns. This tool combines multiple types of moving averages, customized trend validation parameters, and candlestick wick patterns to provide reliable buy and sell signals. By leveraging several advanced MA methods (such as TEMA, DEMA, ZLSMA, and McGinley-D), this script can adapt to different market conditions, providing traders with flexibility and more precise trend-based entries and exits. The addition of a gradient color-coded moving average line and wick validation logic enables traders to visualize market sentiment and trend strength dynamically. 🔶 Key Features Multiple Moving Average (MA) Calculation Methods: This indicator offers various MA calculation types, including SMA, EMA, DEMA, TEMA, ZLSMA, and McGinley-D, allowing traders to select the MA that best fits their strategy. Trend Validation and Pattern Recognition: The indicator includes a customizable trend validation length, ensuring that the trend is consistent before buy/sell signals are generated. The "Trend Pattern Mode" setting provides flexibility between "No Trend in Progress," "Trend Continuation," and "Both," tailoring signals to the trader’s preferred style. Wick Validation Logic: To enhance the accuracy of entries, this indicator identifies specific wick patterns for bullish or bearish pullbacks, which signal potential trend continuation or reversal. Wick length and validation factor are adjustable to suit various market conditions and timeframes. Gradient Color-coded MA Line: This feature provides a quick visual cue for trend strength, with color changes reflecting relative highs and lows of the MA, enhancing market sentiment interpretation. Alerts for Buy and Sell Signals: Alerts are triggered when either a bullish or bearish pullback is detected, allowing traders to receive instant notifications without continuously monitoring the chart. Visual Labels for Reversal Points: The indicator plots labels ("R") at potential reversal points, with color-coded labels for bullish (green) and bearish (red) pullbacks, highlighting pullback opportunities that align with the trend or reversal potential. 🔶 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.
Indicatore Pine Script®
di UAlgo
1
Advanced VWAP [CryptoSea]The Advanced VWAP is a comprehensive volume-weighted average price (VWAP) tool designed to provide traders with a deeper understanding of market trends through multi-layered VWAP analysis. This indicator is ideal for those who want to track price movements in relation to VWAP bands and detect key market levels with greater precision. Key Features Multi-Timeframe VWAP Bands: Includes multiple VWAP bands with different lookback periods (5, 10, 25, and 50), allowing traders to observe short-term and long-term price behavior. Smoothed Band Options: Offers optional smoothing of VWAP bands to reduce noise and highlight significant trends more clearly. Dynamic Median Line Display: Plots the median line of the VWAP bands, providing a reference for price movements and potential reversal zones. VWAP Trend Strength Calculation: Measures the strength of the trend based on the price's position relative to the VWAP bands, normalized between -1 and 1 for easier interpretation. In the example below we can see the VWAP Forecastd Cloud, which consists of multiple layers of VWAP bands with varying lookback periods, creating a dynamic forecast visualization. The cloud structure represents potential future price ranges by projecting VWAP-based bands outward, with darker areas indicating higher density and overlap of the bands, suggesting stronger support or resistance zones. This approach helps traders anticipate price movement and identify areas of potential consolidation or breakout as the price interacts with different layers of the forecast cloud. How it Works VWAP Calculation: Utilizes multiple VWAP calculations based on various lookback periods to capture a broad range of price behaviors. The indicator adapts to different market conditions by switching between short-term and long-term VWAP references. Smoothing Algorithms: Provides the ability to smooth the VWAP bands using different moving average types (SMA, EMA, SMMA, WMA, VWMA) to suit various trading strategies and reduce market noise. Trend Strength Analysis: Computes the trend strength based on the price's distance from the VWAP bands, with a value range of -1 to 1. This feature helps traders identify the intensity of uptrends and downtrends. Alert Conditions: Includes alert options for crossing above or below the smoothed median line, as well as touching the smoothed upper or lower bands, providing timely notifications for potential trading opportunities. This image below illustrates the use of smoothed VWAP bands, which provide a cleaner representation of the price's relationship to the VWAP by reducing market noise. The smoothed bands create a flowing cloud-like structure, making it easier to observe significant trends and potential reversal points. The circles highlight areas where the price interacts with the smoothed bands, indicating potential key levels for trend continuation or reversal. This setup helps traders focus on meaningful movements and filter out minor fluctuations, improving the identification of strategic entry and exit points based on smoother trend signals. Application Strategic Entry and Exit Points: Helps traders identify optimal entry and exit points based on the interaction with VWAP bands and trend strength readings. Trend Confirmation: Assists in confirming trend strength by analyzing price movements relative to the VWAP bands and detecting significant breaks or touches. Customized Analysis: Supports a wide range of trading styles by offering adjustable smoothing, band settings, and alert conditions to meet specific trading needs. The Advanced VWAP by is a valuable addition to any trader's toolkit, offering versatile features to navigate different market scenarios with confidence. Whether used for day trading or longer-term analysis, this tool enhances decision-making by providing a robust view of price behavior relative to VWAP levels.
Indicatore Pine Script®
di CryptoSeaTV
RSI DeviationAn oscillator which de-trends the Relative Strength Index. Rather, it takes a moving average of RSI and plots it's standard deviation from the MA, similar to a Bollinger %B oscillator. This seams to highlight short term peaks and troughs, Indicating oversold and overbought conditions respectively. It is intended to be used with a Dollar Cost Averaging strategy, but may also be useful for Swing Trading, or Scalping on lower timeframes. When the line on the oscillator line crosses back into the channel, it signals a trade opportunity. ~ Crossing into the band from the bottom, indicates the end of an oversold condition, signaling a potential reversal. This would be a BUY signal. ~ Crossing into the band from the top, indicates the end of an overbought condition, signaling a potential reversal. This would be a SELL signal. For ease of use, I've made the oscillator highlight the main chart when Overbought/Oversold conditions are occurring, and place fractals upon reversion to the Band. These repaint as they are calculated at close. The earliest trade would occur upon open of the following day. I have set the default St. Deviation to be 2, but in my testing I have found 1.5 to be quite reliable. By decreasing the St. Deviation you will increase trade frequency, to a point, at the expense of efficiency. Cheers DJSnoWMan06
Indicatore Pine Script®
di djsnowman06
Dark Cloud [TradingFinder] Piercing Line Reversal chart Pattern 🔵 Introduction "Reversal candlestick patterns" are among the Japanese candlestick patterns considered as alerts for a potential change in the current price trend. It is often assumed that by identifying reversal candlestick patterns, the price trend will definitely change, either from bullish to bearish or from bearish to bullish. However, this claim is not entirely accurate, and a change in price trend does not always mean a reversal. Nonetheless, the importance of reversal candlestick patterns remains significant. By recognizing these patterns, you can better predict changes in the trend with higher probability and make better trading decisions. 🔵 Dark Cloud The "Dark Cloud" pattern occurs when, after an upward trend, buyers continue to drive the price up in the first candle. However, in the next candle, with sellers entering and increasing selling pressure, the price starts to decrease compared to the close of the previous candle. This price decrease is significant enough that in the last candle, the price goes lower than the open of the previous candle, serving as a warning sign for a potential change in price trend. The fundamental principles for the formation of the "Dark Cloud" pattern include : 1.Two candles consisting of a positive candle (first candle) and a negative candle (second candle) whose main body should be above the halfway point of the first candle's main body but does not completely cover it. 2.The color of the main body of the second candle should be opposite to the color of the main body of the first candle. Factors affecting the strength of the "Dark Cloud" pattern include : 1.The length of the bodies of both candles, especially the second candle, which increases the strength of the pattern. 2.The gap between the two bodies can also indicate the strength of the pattern. 3.The absence of a lower shadow in the second candle also indicates the strength of the pattern. 4.If the pattern forms in a price resistance range, it has more strength. 🔵 Piercing Line The "Piercing Line" pattern occurs when, after a downward trend, sellers decrease the price by offering their shares on the first day. However, on the next day, with buyers entering and increasing demand, the price starts to increase compared to the close of the previous day. This increase is significant enough that in the last candle, the price goes higher than the open of the previous day, serving as a warning sign for a reversal in the price trend. Overall, this pattern is the opposite of the "Dark Cloud" pattern and occurs under a bearish trend. The fundamental principles for the formation of the "Piercing Line" pattern include : 1.Two candles consisting of a negative candle (first candle) and a positive candle (second candle) whose main body should be above the halfway point of the first candle's main body but does not completely cover it. 2.The color of the main body of the second candle should be opposite to the color of the main body of the first candle. Factors affecting the strength of the "Piercing Line" pattern include : 1.The length of the bodies of both candles, especially the second candle, which increases the strength of the pattern. 2.The gap between the two bodies can also indicate the strength of the pattern. 3.The absence of an upper shadow in the second candle also indicates the strength of the pattern. 4.If the pattern forms in a price support range, it has more strength. 🔵 How to Use The "green circle" symbol corresponds to the "Strong Piercing Line" signal, the "blue triangle" symbol corresponds to the "Weak Piercing Line" signal, the "red circle" symbol corresponds to the "Strong Dark Cloud" signal, and the "red triangle" symbol corresponds to the "Weak Dark Cloud" signal. 🔵 Setting Using the "Show Dark Cloud" and "Show Piercing Line" buttons, you can enable or disable the display of Dark Cloud and Piercing Line.
Indicatore Pine Script®
di TFlab
1
K's Reversal Indicator IIK’s Reversal Indicator II uses a moving average timing technique to deliver its signals. The method of calculation is as follows: * Calculate a moving average (by default, a 13-period moving average). * Calculate the number of times where the market is above its moving average. Whenever that number hits 21, a bearish signal is generated, and whenever that number if zero, a bullish signal is generated. The indicator signals short-term to mid-term reversals as a mean-reversion move.
Indicatore Pine Script®
di Sofien-Kaabar
2
Japanese Candlestick Patterns💡 Japanese Candlesticks are a visual representation of price movements in financial markets. They were first developed by Japanese rice traders in the 18th century to analyze the price of rice contracts, and have since been adopted by traders across the world for a wide range of assets. 📌 A candlestick is composed of a rectangular body and two thin lines, known as wicks, that extend from the top and bottom of the body. The body represents the difference between the opening and closing prices of the asset during a specific time period, while the wicks indicate the high and low prices reached during that period. 📌 By using these and other candlestick patterns, traders can identify potential buying and selling opportunities and manage their risk accordingly. However, it's important to note that candlestick patterns should be used in conjunction with other technical and fundamental analysis tools to make well-informed trading decisions. 📌 Candlestick patterns are particularly useful because they are based on price action rather than external factors such as news or economic data. This makes them useful for traders who employ technical analysis, as they can use candlestick patterns to identify potential trading opportunities and manage their risk accordingly. 🚀 Candlesticks can be used to identify market trends, as well as potential buying and selling opportunities. By analyzing the patterns formed by multiple candlesticks, traders can gain insights into the behavior of the market and make informed trading decisions. Overall, Japanese Candlesticks are a powerful tool for technical analysis that can provide valuable insights into financial markets. 🔍 THE PATTERNS THAT ARE RECOGNIZED: 🔄 Reversal Patterns * Counterattack Lines * Dark-Cloud Cover * Engulfing ( Bearish / Bullish ) * Hammer * Hanging Man * Harami ( Bearish / Bullish ) * In Neck * On Neck * Piercing * Three Black Crows * Thrusting * Upside Gap Two Crows ⭐️ Stars * Abandoned Baby * Evening star * Inverted Hammer * Morning Star * Shooting Star 🎯 Doji * Doji * Dragonfly Doji * Evening Doji Star * Gravestone Doji * Long Legged Doji * Morning Doji Star 🔥 Continuation Patterns * Falling Three Methods * Rising Three Methods * Tasuki ( Upside / Downside ) 🥊 Utility * Long Lower Shadow * Long Upper Shadow ❤️ Please, support the work with like & comment! ❤️
Indicatore Pine Script®
di Marceeelll
8