Jurik-Filtered, Adaptive Laguerre PPO [Loxx]Jurik-Filtered, Adaptive Laguerre PPO is an indicator used to find reversals. Smoothing with a Jurik Filter reduces noise and better identifies reversal points.
What is Laguerre Filter?
The Adaptive Laguerre is based on the Laguerre filter, described by John Ehlers in his paper “Time Warp – Without Space Travel”. It applies a variable gamma factor, based on how well the filter is tracking previous price movement. As with other adaptive moving averages, the Adaptive Laguerre tracks trending markets closely but will see less changes in range-bound markets.
The Adaptive Laguerre filter allows for an adjustment of the simple Laguerre filter. When price moves away from the filter, it becomes faster. When price moves sideward, the filter gets slower. Accordingly, this indicator belongs to the same class of moving average as the Kaufman Adaptive Moving Average (KAMA). It similar to the Volatility Index Dynamic Average (VIDYA) developed by Tushar Chande. The Adaptive Laguerre filter is smoother than the VIDYA and will adjust slower to price action after consolidations.
What is Jurik Volty?
One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive.
What is the Jurik Moving Average?
Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines.
Ideally, you would like a filtered signal to be both smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically result in lower profits. In other words, late comers get what's left on the table after the feast has already begun.
Included:
-Toggle on/off bar coloring
Cerca negli script per "reversal"
[UPRIGHT Trading] Awesome STC+Hello Traders,
I hope you all are doing well.
Today I'm releasing another one of my favorites: the Schaff Trend Cycle (STC). In 2008, Doug Schaff publically released the STC as an improvement on cycle oscillators and the MACD, hence its common nickname, "The better MACD."
This oscillator is essentially a fusion of the benefits of trend and cycle indicators; the idea is to minimize their drawbacks, such as lags or false signals. The STC is mainly used to determine or confirm price direction and market reversals.
We calculate the STC as a double smoothed stochastic of the MACD, which outputs an oscillator that moves between 0 and 100.
How is it typically used?
In trending markets, we can expect the oscillator to move up if the market is in the accelerating uptrend and an accelerating downtrend are to push the oscillator down.
In sideways markets, the STC shows oversold when it reverses after falling below 25; overbought when the STC turns down from above 75.
How the Awesome STC+ is different:
This STC uses several complex equations and filters to improve accuracy and reduce lag.
My original STC wave.
Multiple extremely accurate Buy/Sell signals not found on a traditional STC indicator.
Ability to use 4 different background highlights and several buy/sell and confirmation signals.
Fully customizable (as always), ability to turn on or off any signals, change any of the colors to suit your needs.
Pre-filled Alerts.
Reversals and Continuations.
Chart should look like this:
Please see the "Author's Instructions" for access.
Cheers,
Mike
(UPRIGHT Trading)
Trending Market Toolkit [LuxAlgo]The Trending Market Toolkit focuses exclusively on trending market structures and high-confluence, high-risk-to-reward entry models. It is designed to complement discretionary trading by offering different entry strategies based on market structure.
🔶 USAGE
In the chart above we can see how the tool detects several reversals, draws the broken trendlines, the reversal areas from which the tool starts looking for a trigger, and when it finally happens, a potential trade with risk and reward areas and the risk/reward ratio.
🔹 Detection Mode
Traders can choose between three different modes: trend only, reversal only, or both.
If both are active, reversals have priority over trends, so the tool will not detect a trend if a reversal is active.
In the chart above we can see all three modes.
🔹 Detection on Higher Timeframes
Traders can choose to identify structures on the chart timeframe or on a higher timeframe.
In the chart above, we have the SP500 futures on the 5m timeframe with different settings: chart timeframe, 30m, and 1H.
🔹 Risk And Targets
Depending on whether the high-risk/reward parameter is enabled, traders can choose between three different targets and two different stops.
The chart above shows how different choices affect the risk/reward ratio for the same potential trade on the Gold Futures 2m chart.
🔶 SETTINGS
Show: Traders can choose between Trends, Reversals or Both.
🔹 Structures
Swing Length: Number of candles to confirm a swing high or swing low. A higher number detects larger swings.
Custom Timeframe: Traders can make use of the current chart timeframe, or choose a custom timeframe.
Reversal Area Threshold: A higher number increases the reversal area.
🔹 Trades
Trade Trigger Length: Number of candles to confirm an internal high or internal low. A lower number detects smaller swings. It must be the same size or smaller than the swing length.
Target: Traders can choose between the default target (0) or two extended targets (0.27 or 0.618).
Risk to Reward Threshold: Set the minimum risk-to-reward ratio to detect trades. Use the 0 value to detect all trades.
High Risk to Reward: Enable/Disable the high risk to reward mode.
FVG Channel [LuxAlgo]The FVG Channel indicator displays a channel constructed from the averages of unmitigated historical fair value gaps (FVG), allowing to identify trends and potential reversals in the market.
Users can control the amount of FVGs to consider for the calculation of the channels, as well as their degree of smoothness through user settings.
🔶 USAGE
The FVG Channel is constructed by averaging together recent unmitigated Bullish FVGs (contributing to the creation of the upper bands), and Bearish unmitigated FVGs (contributing to the creation of the lower bands) within a lookback determined by the user. A higher lookback will return longer-term indications from the indicator.
The channel includes 5 bands, with one upper and one lower outer extremities, as well as an inner series of values determined using the Fibonacci ratios (respectively 0.786, 0.5, 0.236) from the channel's outer extremities.
An uptrend can be identified by price holding above the inner upper band (obtained from the 0.786 ratio), this band can also provide occasional support when the price retraces to it while in an uptrend.
Breaking below the inner upper band with an unwillingness to reach above again is a clear sign of hesitation in the market and can be indicative of an upcoming consolidation or reversal.
This can directly be applied to downtrends as well, below are examples displaying both scenarios.
Uptrend Example:
Downtrend Example:
🔹 Breakout Levels
When the price mitigates all FVGs in a single direction except for 1, the indicator will display a "Breakout Level". This is the level that price will need to cross in order for all FVGs in that direction to be mitigated, because of this they can also be aptly called "Last Stand Levels".
These levels can be considered as potential support and resistance levels, however, should always be monitored for breakouts since a substantial push above or below these points would indicate strong momentum.
🔹 Signals
The indicator includes Bullish and Bearish Signals, these signals fire when all FVGs for a single direction have been mitigated and an engulfing candle occurs in the opposite direction. These are reversal signals and should be used alongside other indicators to appropriately manage risk.
Note: When all FVGs in a single direction have been mitigated, the candles will change colors accordingly.
🔶 DETAILS
The script uses a typical identification method for FVGs. Once identified, the script collects and stores the mitigation levels of the respective bullish and bearish FVGs:
For Bullish FVGs this is the bottom of the FVG.
For Bearish FVGs this is the top of the FVG.
The data is managed to only consider a specific amount of FVG mitigation levels, determined by the set "Unmitigated FVG Lookback". If an FVG is mitigated, it frees up a spot in the memory for a new FVG, however, if the memory is full, the oldest will be deleted.
The averages displayed (Channel Upper and Lower) are created from 2 calculation steps, the first step involves taking the raw average of the FVG mitigation levels, and the second step applies a simple moving average (SMA) smoothing of the precedent obtained averages.
Note: To view the mitigation levels average obtained in the first step, the "Smoothing Length" can be set to 1.
🔶 SETTINGS
Unmitigated FVG Lookback: Sets the maximum number of Unmitigated FVG mitigation levels that the script will use to calculate the channel.
Smoothing Length: Sets the smoothing length for the channel to reduce noise from the raw data.
Volume Exhaustion [AlgoAlpha]Introducing the Volume Exhaustion by AlgoAlpha, is an innovative tool that aims to identify potential exhaustion or peaks in trading volume , which can be a key indicator for reversals or continuations in market trends 🔶.
Key Features:
Signal Plotting : A special feature is the plotting of 'Release' signals, marked by orange diamonds, indicating points where the exhaustion index crosses under its previous value and is above a certain boundary. This could signify critical market points 🚨.
Calculation Length Customization : Users can adjust the calculation and Signal lengths to suit their trading style, allowing for flexibility in analysis over different time periods. ☝️
len = input(50, "Calculation Length")
len2 = input(8, "Signal Length")
Visual Appeal : The script offers customizable colors (col for the indicator and col1 for the background) enhancing the visual clarity and user experience 💡.
col = input.color(color.white, "Indicator Color")
col1 = input.color(color.gray, "Background Color")
Advanced Volume Processing : At its core, the script utilizes a combination of Hull Moving Average (HMA) and Exponential Moving Average (EMA) applied to the volume data. This sophisticated approach helps in smoothing out the volume data and reducing lag.
sv = ta.hma(volume, len)
ssv = ta.hma(sv, len)
Volume Exhaustion Detection : The script calculates the difference between the volume and its smoothed version, normalizing this value to create an exhaustion index (fff). Positive values of this index suggest potential volume exhaustion.
f = sv-ssv
ff = (f) / (ta.ema(ta.highest(f, len) - ta.lowest(f, len), len)) * 100
fff = ff > 0 ? ff : 0
Boundary and Zero Line : The script includes a boundary line (boundary) and a zero line (zero), with the area between them filled for enhanced visual interpretation. This helps in assessing the relative position of the exhaustion index.
Customizable Background : The script colors the background of the chart for better readability and to distinguish the indicator’s area clearly.
Overall, Volume Exhaustion is designed for traders who focus on volume analysis. It provides a unique perspective on volume trends and potential exhaustion points, which can be crucial for making informed trading decisions. This script is a valuable addition for traders looking to enhance their trading experience with advanced volume analysis tools.
D-BoT Alpha ReversalsHello traders, today I'm going to share with you a strategy that I use very frequently. I wanted to share this strategy that I use in my manual trades by translating it into code. I'm sharing it with you with completely open source code.
RSI of ROC: The indicator initially calculates RSI (Relative Strength Index) on ROC (Rate of Change). This is a method that tracks the rate of price change (ROC) over a certain period and applies it to the RSI calculation.
Adaptive RSI: The code then calculates the RSI for all periods between the minimum and maximum RSI lengths. It takes the average of these calculations and names it as avg_rsi66. In addition, it checks whether each RSI value exceeds the determined overbought and oversold limits.
Signal Triggers: If both RSI of ROC and avg_rsi66 are above or below the specified overbought or oversold levels and the difference between these two values is less than the specified threshold value (Extremities Sensitivity), a signal is triggered. In addition, the color of the bar is also checked: An overbought (sell) signal is triggered for a red bar and an oversold (buy) signal is triggered for a green bar.
Signal Visualization: Signals are shown on the chart at appropriate places with "Sell" or "Buy" shapes. Also, each of these conditions is defined as an alert condition.
The general purpose of this indicator is to determine the turning points of the market. Overbought and oversold signals are based on the idea that the price may turn from these areas. That is, a "Sell" signal indicates a turning point where the price may start to fall, while a "Buy" signal indicates a turning point where the price may start to rise.
These types of indicators usually have some weak points:
False Signals: Like any kind of technical analysis indicator, this indicator can also give false signals. That is, you may get a "Buy" or "Sell" signal but the price may not move in the expected direction.
Market Conditions: This indicator may perform better under certain market conditions. For example, a trend-following indicator usually works well in trending markets, but can be misleading in range-bound markets. This indicator too can perform better or worse in a particular market situation.
Parameter Selection: The choice of the parameters of the indicator (ROC and RSI lengths, overbought/oversold levels, etc.) can significantly affect the quality of the indicator signals. Parameters should be optimized for various assets and time frames.
In conclusion, it would be better to use this indicator not as a standalone trading system, but in conjunction with other technical analysis tools or fundamental analysis. Also, it is always beneficial to test a new trading strategy on past data or on a demo account before trading with real money."
Stay tuned for more of my original strategies :)
Happy trading...
Gaussian Fisher Transform Price Reversals - FTRHello Traders !
Looking for better trading results ?
"This indicator shows you how to identify price reversals in a timely manner." John F. Ehlers
Introduction :
The Gaussian Fisher Transform Price Reversals indicator, dubbed FTR for short, is a stat based price reversal detection indicator inspired by and based on the work of the electrical engineer now private trader John F. Ehlers.
The Fisher Transform :
It is a common assumption that prices have a gaussian / normal probability density function(PDF), i.e. a sample of n close prices would be normally distributed if the probability of observing a price value say at any given standard deviation range is equal to that probability in the case of the normal distribution, e.g. 68% off all samples fell within one standard deviation around the mean, which is what we would expect if the data was normal.
However Price Action is not normally distributed and thus can not be conventionally interpreted in this way, Formally the Fisher Transform, transforms the distribution of bounded ranging price action (were price action takes values in a range from -1 to 1) into that of a normal distribution, alternatively it may be said the Fisher Transform changes the PDF of any waveform so that the transformed output has n approximately Gaussian PDF, It does so through the following equations. taken directly from the work of John F. Ehlers - Using The Fisher Transform
By substituting price data in the above formulas, bounded ranging price actions (over a given user defined period lookback - this determines the range price ranges in, see the Intermediate formula above) distribution is transformed to that in the normal case. This means when the input, the Intermediate ,(the Midpoint - see formula above) approaches either limit within the range the outputs are greatly amplified, this amplification accentuates /puts more weight on the larger deviations or limits within the range, conversely when price action is varying round the mean of the range the output is approximately equal to unity (the input is approximately equal to the input, the intermediate)
The inputs (Intermediates) are converted to normal outputs and the nonlinear Transfer of the Fisher Transform with varying senesitivity's (gammas) can be seen in the graph / image above. Although sensitivity adjustments are not currently available in this script (I forgot to add it) the outputs may be greatly amplified as gamma (the coefficient of the Fisher Transformation - see Fish equation) approaches 1. the purple line show this graphically, as a higher gamma leads to a greater amplification than in the standard case (the red line which is the standard fisher transformation, the black plot is the Fish with a gamma of 1, which is unity sensativity)
Reversal plots and Breakouts :
- Support lines are plotted with their corresponding Fish value when there is a crossover of the Fish and Fish SMA <= a given standard deviation of Fish
- Resistance lines are plotted with their corresponding Fish value when there is a crossunder of the Fish and Fish SMA >= a given standard deviation of Fish
- Reversals are these support and resistance line plots
Breakouts and Volume bars :
Breakouts cause the reversal lines to break (when the high/low is above the resistance/support), Breakouts are more "high quality" when they occur conditional on high volume, the highlighted bars represent volume standard deviations ranging from -3 to 3. When breakouts occure on high volume this may be a sign of the continutaion of the trend (reversals would signify the start of a new trend).
Hope you enjoy, Happy Trading !
(be sure to rocket the script if you liked it, this helps me know which of my scripts are the most useful)
Rainbow Collection - BlueSlopes are an increasingly key concept in Technical Analysis. The most basic type is to calculate them on the prices, but also on technical indicators such as moving averages and the RSI.
In technical analysis, you generally use the RSI to detect imminent reversal moves within a range. In the case of the Blue indicator, we are calculating the slope of the market price and then calculating the RSI of that slope in order to detect instances of reversal.
The Blue indicator is therefore used as follows:
* A bullish signal is generated whenever the 21-period RSI of the 21-period market slope surpasses 30 after having been below it but remains below 35.
*A bearish signal is generated whenever the 21-period RSI of the 21-period market slope breaks 70 after having been above it but remains above 65.
The aim of the Blue indicator is to capture reversals as early as possible through a combination of slopes and entry techniques.
Breakout & Trend & Scalping (Expo)
Breakout, Trend, Scalping (Expo) gives insights about trend direction, trend strength, trend breakouts, and scalping impulses. The indicator is for traders that easily want to catch true breakouts, find reversals and retracements, and want to be able to gauge the trend strength. The indicator has various input sources: ATR (Default), VWAP, RSI, Average Trend and comes with Breakout Signals , Start of Trend Signals , and Take Profit Signals .
The unique gradient-coloring is used to identify impulses as well as to gauge the trend strength. The Trend Strength is also measured using the value of the BTS line.
Real-Time Alerts
No Repainting
Works on any market and in any timeframe
HOW TO USE
Identify True Breakouts
Identify Trend Strength
Identify Retracements and Reversals
Identify Trend Impulses
Identify Divergences
INDICATOR IN ACTION
5 min chart
Three different modes are displayed on the chart below. ATR Trend, VWAP Trend, and Trend Breakout.
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!
-----------------
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
Extended Floor Trader PivotsThe Floor Trader Pivots indicator is a technical indicator that has long been used in the pits of exchanges. They define an equilibrium point called the primary pivot point or central pivot. Through much research, I can find no one to directly credit for establishing the original calculations which are used in this indicator. The original formulas calculate the primary pivot point (PP) and support/resistance levels based off the PP. Most pivot indicators only derive two support/resistance levels (R1, S1, R2, S2). This indicator provides the PP level as well as four additional support/resistance levels (R1-4, S1-4). This indicator also provides standard Open, High, Low, and Close levels. The calculations are as follows:
PP = (High + Low + Close) / 3
R1 = (PP * 2) - Low
S1 = (PP * 2) - High
R2 = (PP - S1) + R1
S2 = PP - (R1 - S1)
R3 = (PP - S2) + R1
S3 = PP - (R2 - S1)
R4 = (PP - S2) + R2
S4 = PP - (R2 - S2)
Pivot levels can be calculated for any time frame. This indicator provides Weekly, Monthly, Quarterly, and Yearly plots at each pivot level (PP - R4/S4).
This indicator can be used for a variety of different trading strategies and is widely used in equity markets, but can also be applied to Forex and Futures markets. It is most often used as profit taking/loss limiting levels as well as identifying possible areas for trend reversals.
Cross UO v1This is my first script.
I use 2x UO's as a tool to identify the stability and overall condition of a trend.
The UO colored blue is more reactive to price change (candles) than red one, because it takes into account less candles.
The difference in rates of change is a mass mental condition of a market.
The combo might predict the reversals too.
How to read a chart using it?
We'd know the uptrend is stable when Blue UO fluctuates OVER Red UO.
As blue UO reaches red band - it's time for reversal.
To confirm the reversal of an uptrend - Blue UO must cross below Red UO.
During downtrend, the blue and red UOs are reaching green band which would indicate that market is oversold.
Once Blue UO touches green band and crosses above red UO - it's time for downtrend to reverse it's direction.
Triple Doji SequenceThe Triple Doji Sequence indicator helps traders identify consecutive Doji candlestick patterns, allowing them to choose between spotting single, double, or triple Dojis. A Doji is detected when the candle's body is small relative to its wicks, with either the upper or lower wick being significantly larger. Users can customize their own Doji criteria by adjusting the body size and wick dominance settings. The indicator ensures that consecutive Dojis align in the same direction before confirming a valid pattern, making it easier to identify market indecision or potential trend reversals.
When the chosen Doji sequence is detected, the indicator plots a star (*) above bearish Dojis (upper wick dominant) and below bullish Dojis (lower wick dominant). It also sends alerts when a valid sequence is confirmed at the close of the bar. This tool helps traders refine their strategy by spotting repeated Doji formations, which may indicate key turning points or continuation patterns in price action.
How to Use the Triple Doji Sequence Indicator?
Apply the Indicator:
Add the Triple Doji Sequence indicator to your TradingView chart.
It will automatically scan for Doji patterns based on your settings.
Customize Your Doji Criteria:
Adjust the body size and wick dominance settings to define what qualifies as a Doji.
Choose whether to detect single, double, or triple Doji sequences.
Interpret the Signals:
A star (*) above a candle signals a bearish Doji (upper wick dominant).
A star (*) below a candle signals a bullish Doji (lower wick dominant).
Set Up Alerts:
Enable alerts to receive notifications when a Doji sequence is confirmed at bar close.
Choose alert frequency based on your trading strategy (e.g., once per bar, once per bar close).
Use in Trading Strategy:
Doji sequences can indicate trend reversals or market indecision.
Combine this indicator with support/resistance levels, volume, or other indicators to confirm signals.
PS: Good luck in finding a Triple Doji :)
Turtle Soup Model [PhenLabs]📊 Turtle Soup Model
Version: PineScript™ v6
Description
The Turtle Soup Model is an innovative technical analysis tool that combines market structure analysis with inter-market comparison and gap detection. Unlike traditional structure indicators, it validates market movements against a comparison symbol (default: ES1!) to identify high-probability trading opportunities. The indicator features a unique “soup pattern” detection system, comprehensive gap analysis, and real-time structure breaks visualization.
Innovation Points:
First indicator to combine structure analysis with gap detection and inter-market validation
Advanced memory management system for efficient long-term analysis
Sophisticated pattern recognition with multi-market confirmation
Real-time structure break detection with comparative validation
🔧 Core Components
Structure Analysis: Advanced pivot detection with inter-market validation
Gap Detection: Sophisticated gap identification and classification system
Inversion Patterns: “Soup pattern” recognition for reversal opportunities
Visual System: Dynamic rendering of structure levels and gaps
Alert Framework: Multi-condition notification system
🚨 Key Features 🚨
The indicator provides comprehensive analysis through:
Structure Levels: Validated support and resistance zones
Gap Patterns: Identification of significant market gaps
Inversion Signals: Detection of potential reversal points
Real-time Comparison: Continuous inter-market analysis
Visual Alerts: Dynamic structure break notifications
📈 Visualization
Structure Lines: Color-coded for highs and lows
Gap Boxes: Visual representation of gap zones
Inversion Patterns: Clear marking of potential reversal points
Comparison Overlay: Inter-market divergence visualization
Alert Indicators: Visual signals for structure breaks
💡Example
📌 Usage Guidelines
The indicator offers multiple customization options:
Structure Settings:
Pivot Period: Adjustable for different market conditions
Comparison Symbol: Customizable reference market
Visual Style: Configurable colors and line widths
Gap Analysis:
Signal Mode: Choice between close and wick-based signals
Box Rendering: Automatic gap zone visualization
Middle Line: Reference point for gap measurements
✅ Best Practices:
🚨Use comparison symbol from related market🚨
Monitor both structure breaks and gap inversions
Combine signals for higher probability trades
Pay attention to inter-market divergences
⚠️ Limitations
Requires comparison symbol data
Performance depends on market correlation
Best suited for liquid markets
What Makes This Unique
Inter-market Validation: Uses comparison symbol for signal confirmation
Gap Integration: Combines structure and gap analysis
Soup Pattern Detection: Identifies specific reversal patterns
Dynamic Structure Management: Automatically updates and removes invalid levels
Memory-Efficient Design: Optimized for long-term chart analysis
🔧 How It Works
The indicator processes market data through three main components:
1. Structure Analysis:
Detects pivot points with comparison validation
Tracks structure levels with array management
Identifies and processes structure breaks
2. Gap Analysis:
Identifies significant market gaps
Processes gap inversions
Manages gap zones visualization
3. Pattern Recognition:
Detects “soup” patterns
Validates with comparison market
Generates structure break signals
💡 Note: The indicator performs best when used with correlated comparison symbols and appropriate timeframe selection. Its unique inter-market validation system provides additional confirmation for traditional structure-based trading strategies.
@unlcesyp smart wick reversal@unlcesyp smart wick reversal
This indicator helps you spot potential market reversals by highlighting abnormal wicks that often signal a turning point. It adapts to changing market volatility and volume, making it more reliable across different market conditions.
How It Works
1. Wick Analysis
- Measures upper and lower wicks over a chosen lookback period.
- Calculates the average and standard deviation of these wicks, then flags “abnormally long” wicks.
2. Adaptive Volatility
- Uses an ATR-based volatility factor to adjust the wick threshold.
- In high-volatility conditions, the threshold is higher, reducing false signals.
3. Trend Check
- Select either an SMA or EMA to determine if the market is in an uptrend or downtrend.
- A large upper wick in an uptrend can signal bullish exhaustion (potential reversal down).
- A large lower wick in a downtrend can signal bearish exhaustion (potential reversal up).
4. Optional Volume Confirmation
- Checks if volume is above its average to ensure strong participation in the move.
- Helps filter out weak, low-volume signals.
5. Signals
- Red ▼ (triangle down) = Potential Bearish Reversal
- Green ▲ (triangle up) = Potential Bullish Reversal
Why Use It?
- Adaptive: Automatically adjusts to changes in market volatility.
- Flexible Trend Basis: Choose SMA or EMA for calculating market trend.
- Volume Filter: Adds an extra layer of confirmation.
- Clear Visuals: Marks potential reversals with simple, unobtrusive shapes.
Inputs Explained
1. Lookback Period for Wick Analysis (`length`)
- Default: 20
- Number of bars used to calculate wick averages. Higher values = smoother signals; lower values = more reactive.
2. ATR Length for Volatility Filtering (`atr_length`)
- Default: 14
- Number of bars the ATR uses to gauge volatility.
3. Base Threshold Multiplier (`base_multiplier`)
- Default: 2.0
- Multiplier for standard deviation of wicks. Higher = fewer (but potentially stronger) signals.
4. Volatility Sensitivity Factor (`volatility_sensitivity`)
- Default: 1.5
- Adjusts how much volatility affects the threshold. Higher = more adaptive; lower = more stable.
5. Enable Volume Confirmation (`volume_filter`)
- Default: true
- When enabled, signals only appear if volume exceeds its average by a specified multiplier.
6. Volume Spike Multiplier (`vol_multiplier`)
- Default: 1.5
- Determines how much above average volume must be to confirm a signal.
7. Trend Calculation Method (`trendMethod`)
- Options: “SMA” or “EMA”
- Determines the type of moving average to evaluate the market trend for exhaustion signals.
Best Practices
- Combine with other price action or technical indicators to confirm signals.
- Use on multiple timeframes for a broader market perspective.
- Adjust parameters (`length`, `atr_length`, `base_multiplier`) for different assets or personal preference.
Eroina Trend Reversal Indicator with ConfirmationsEroina Trend Reversal Indicator with Confirmations
Overview (English):
The Trend Reversal Indicator with Confirmations is designed to identify potential trend reversals by analyzing dynamic resistance and support levels. This script uses a robust confirmation system to reduce false signals, making it ideal for traders who seek disciplined, data-driven decisions.
Key Features:
• Dynamic Levels: Calculates resistance and support levels based on user-defined lengths.
• Breakout Confirmation: Confirms trend reversals by validating price action over a specified number of candles.
• Visual Cues: Displays “LONG” and “SHORT” signals directly on the chart, alongside resistance/support levels.
• Customizable Parameters: Adaptable to different timeframes and market conditions.
How It Works:
1. Resistance & Support Levels:
• Resistance: Calculated as the highest high over the last N bars.
• Support: Calculated as the lowest low over the last N bars.
2. Breakout Detection:
• A resistance breakout occurs when the price closes above the resistance level.
• A support breakout occurs when the price closes below the support level.
3. Confirmation Logic:
• Signals are validated only if the price remains above/below the levels for a user-defined number of candles.
4. Entry Signals:
• “LONG” signals indicate a confirmed breakout above resistance.
• “SHORT” signals indicate a confirmed breakdown below support.
Settings:
• Resistance Length: Defines the number of candles used to calculate resistance levels.
• Support Length: Defines the number of candles used to calculate support levels.
• Confirmation Candles: Specifies how many candles are required to confirm breakouts.
Usage:
This indicator is ideal for identifying trend reversals and optimizing entry points. Combine it with volume analysis or other technical indicators to enhance accuracy. For example:
• Use in conjunction with RSI to avoid overbought/oversold conditions.
• Combine with moving averages to confirm the trend direction.
Overview (Additional Language):
(Your additional language description can go here after English, e.g., Russian, Spanish, etc.)
[blackcat] L1 Swing Reversal█ OVERVIEW
The script is an indicator that calculates and plots the L1 Swing Reversal, which involves smoothing price data and calculating a modified RSI to identify potential swing reversals in the market. It overlays columns representing the smoothed price data and a line for the adjusted RSI.
█ LOGICAL FRAMEWORK
The script begins by defining input parameters for customizable periods. It then calculates the typical price, derives components of the swing reversal indicator, smooths these components, and computes an adjusted RSI. The main sections include input parameter definitions, function definition, and plotting. The script flows data through calculations and logical operations to produce final plot values.
█ CUSTOM FUNCTIONS
Function: l1_swing_reversal
This function calculates the L1 Swing Reversal indicators based on high, low, close, and open prices, along with three periods. It computes a smoothed price component and an adjusted RSI.
Parameters:
• high : High prices of the asset.
• low : Low prices of the asset.
• close : Close prices of the asset.
• period_n : Period for the first component calculation.
• period_m : Period for standard deviation and moving average calculations.
• period_n1 : Period for RSI calculation.
Return Values:
• cc1_column_red : Red column values for the first component.
• cc1_column_green : Green column values for the first component.
• rsi : Adjusted RSI values.
█ KEY POINTS AND TECHNIQUES
The script uses several key Pine Script features such as the sma (simple moving average), stdev (standard deviation), max, abs, and ema (exponential moving average) functions. It also demonstrates the use of conditional operators to cap the column values at -100 and 100. The script’s structure is clear and follows best practices by encapsulating the main logic within a function and using descriptive variable names.
█ EXTENDED KNOWLEDGE AND APPLICATIONS
Potential modifications could include adding more sophisticated reversal signals based on the RSI and column values, or enhancing the visualization with additional plot types. This script could be used in scenarios where traders are interested in identifying potential swing reversals using a combination of smoothed price data and momentum indicators. Related Pine Script concepts include using barssince for counting bars since a condition, crossover and crossunder for detecting trend changes, and hline for adding horizontal lines to the chart.
Signals & Overlays [UAlgo]The Signals & Overlays indicator is a comprehensive trading tool designed to provide traders with a holistic view of market conditions. It combines multiple analysis techniques to offer insights into trend direction, potential reversal points, and optimal entry and exit levels. This versatile indicator is suitable for various trading styles and timeframes, also has Beginner-Friendly presets to enable multiple features at once within one-click.
🔶 Key Features:
🔹 Contrarian Signals:
This feature identifies potential trend reversals and market turning points. These contrarian signals are displayed as arrow markers on the chart, alerting traders to possible opportunities that go against the prevailing trend. The signals are based on a combination of price action, momentum, and volatility factors, providing a multi-faceted approach to market analysis.
Customizable Settings :
Signal Sensitivity: Adjustable from 0.1 to 10.0. This controls how sensitive the indicator is to potential reversal signals.
🔹 Reversal Zones:
This feature utilizes statistical methods that compute a smoothed average and associated bands around a data series using Gaussian weights. The Gaussian distribution helps to assign more weight to data points near the center of the window, and the bands represent the average plus/minus a scaled measure of deviation.
This technique is often used in financial analysis to detect trends and measure volatility to identify key areas where price reversals are more likely to occur. These zones providing a dynamic representation of potential support and resistance areas. Traders can use these zones to anticipate potential price reactions and plan their entries and exits accordingly.
Users can also customize the responsiveness of the Reversal Zones through the "Zone Speed" setting. This allows for fine-tuning the model's sensitivity to price changes:
Swift Mode: Quickly adapts to recent price movements, ideal for short-term trading.
Standard Mode: Balances recent and historical data for a medium-term perspective.
Slow Mode: Emphasizes longer-term trends, suitable for position trading.
Customizable Settings :
Zone Data Source: Users can select which price data (open, high, low, close, etc.) to use for zone calculations.
Zone Speed: Choosable between "Swift", "Standard", and "Slow", affecting how quickly the zones adapt to price changes.
🔹 Smart Trail:
The Smart Trail feature provides an adaptive trend-following mechanism. It plots a dynamic line that adjusts based on price action and volatility, helping traders stay in trending moves while providing a trailing stop-loss reference. This feature is particularly useful for managing open positions and optimizing exit points.
🔹 Trend Cloud:
Generates a specialized trend indicator using double-smoothed EMAs applied to closing prices and the high-low price range. It visualizes market trends and volatility by shading the area between different indicator values over time. The color of the shading changes to reflect whether the current trend is strengthening or weakening.
The Trend Cloud feature provides a visually intuitive representation of the overall market trend. It generates a dynamic colored cloud on the chart that helps traders quickly assess the current market direction and strength. Bullish trends represented by blue clouds and bearish trends by red clouds.
🔹 Trend Analyzer:
The Trend Analyzer component provides an in-depth analysis of the current market trend. It uses a customizable moving average system to determine the trend direction and strength. The analyzer can be configured to focus on short-term, medium-term, or long-term trends, allowing traders to align their strategy with their preferred trading timeframe.
Customizable Settings :
Analyzer Calculation Period: Adjustable period for trend analysis calculations.
Analyzer Mode: Selectable between "Short-Term", "Medium-Term", and "Long-Term".
Analyzer Calculation Source: Customizable price data source for trend analysis.
Use Heikin Ashi: Option to use Heikin Ashi candles instead of regular candles for calculations.
🔹 TP/Exit/Entry Levels:
The indicator calculates and displays potential take profit (TP), exit, and entry levels based on market structure and volatility. These levels are marked on the chart, offering traders guidance on optimal points for trade management. This feature can be particularly helpful for setting profit targets and managing risk.
🔹 Dashboard:
The customizable dashboard provides a quick overview of key market metrics. It displays information such as trend strength, volume analysis, market volatility, the current state of the Trend Catcher and the market is "Bearish" or "Bullish". This at-a-glance summary helps traders make informed decisions without the need to switch between multiple indicators.
Customizable Settings :
Toggle: Option to display or hide the dashboard.
Dashboard Position and Size: Selectable between "Top Right", "Bottom Right", and "Bottom Left". Adjustable size to "Tiny", "Small" or "Normal".
🔶 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.
Enhanced Reversal DetectionScript Description:
The "Enhanced Reversal Detection" indicator is a powerful tool designed to identify potential market reversals across various financial instruments. It incorporates a sophisticated algorithm that analyzes price action along with key technical indicators such as the Relative Strength Index (RSI), Bollinger Bands, and Moving Average (MA).
How to Use:
Adjustable Parameters: The indicator offers a range of adjustable parameters to cater to different trading preferences and market conditions.
RSI Length: Adjusts the length of the RSI calculation to fine-tune sensitivity.
Overbought Level: Sets the threshold for identifying overbought conditions on the RSI scale.
Oversold Level: Sets the threshold for identifying oversold conditions on the RSI scale.
Bollinger Bands Length: Determines the length of the Bollinger Bands calculation.
Bollinger Bands Multiplier: Adjusts the standard deviation multiplier for the Bollinger Bands, influencing band width.
Moving Average Length: Defines the length of the Moving Average calculation to capture trend direction.
Min Bars Between Signals: Sets the minimum number of bars required between consecutive reversal signals.
ADX Length: Adjusts the length of the Average Directional Index (ADX) calculation.
ADX Threshold: Defines the threshold value for ADX, serving as a filter for reversal signals.
Signal Generation: The indicator generates signals for both bullish and bearish reversals based on predefined criteria. A bullish reversal signal is triggered when the closing price exceeds the lower Bollinger Band and RSI falls below the oversold threshold. Conversely, a bearish reversal signal occurs when the closing price falls below the upper Bollinger Band and RSI surpasses the overbought threshold.
Alerts: Traders can opt to receive alerts for bullish and bearish reversal signals, enabling them to stay informed of potential trading opportunities even when away from the platform.
Publication Readiness:
To ensure readiness for publication in the TradingView public library, the script has been meticulously crafted and documented:
The code is extensively commented to provide clear explanations of parameters, calculations, and signal generation logic.
Best coding practices have been followed to enhance readability and maintainability.
Rigorous testing has been conducted to validate the accuracy and reliability of signal generation across various market conditions.
The script adheres to TradingView's guidelines and policies for script publication, ensuring compliance with platform standards and user expectations.
With its comprehensive features and user-friendly design, the "Enhanced Reversal Detection" indicator is poised to become a valuable asset for traders seeking to identify high-probability reversal opportunities in the financial markets.
Trend Tide Oscillator [UAlgo]🔶 Description:
The "Trend Tide Oscillator " is a technical analysis tool designed to identify potential trend reversals and overbought/oversold conditions in the market. It calculates an oscillator based on the Commodity Channel Index (CCI) and then applies smoothing techniques to provide a clearer view of market momentum.
🔶 Key Features:
Oscillator Calculation : The indicator calculates an oscillator based on the Commodity Channel Index (CCI), which is a momentum-based oscillator used to identify overbought and oversold conditions.
Smoothing : Smoothing techniques are applied to the oscillator to reduce noise and provide a clearer view of market momentum. This helps traders in identifying trends more effectively.
Support and Resistance Zones : The indicator plots support and resistance zones based on the highest and lowest values of the oscillator over a specified lookback (default 50) period. These zones can help traders identify potential areas of price reversal. The indicator considers volatility when plotting the support and resistance zones. This aims to create more adaptable levels that account for fluctuating market conditions.
Visualization : The indicator visually represents overbought and oversold conditions with shapes (⚠️), aiding traders in quickly identifying potential entry or exit points.
Customization : Users can adjust parameters such as oscillator length, smoothing, and overbought/oversold levels, support and resistance lookbacks according to their trading preferences.
🔶 Disclaimer :
This indicator is provided for informational and educational purposes only and should not be considered as financial advice. Trading in the financial markets involves risk, and users should conduct their own research and analysis before making any investment decisions.
QQE Weighted Oscillator [LuxAlgo]The QQE (Quantitative Qualitative Estimation) Weighted Oscillator improves on its original version by weighting the RSI based on the indications given by the trailing stop, requiring more effort in order for a cross with the trailing stop to occur.
🔶 USAGE
The QQE Weighted Oscillator is comprised of a smoothed RSI oscillator and a trailing stop derived from this same RSI. The oscillator can be used to indicate whether the market is overbought/oversold as well as an early indication of trend reversals thanks to the leading nature of the RSI.
Using higher Factor values will return a longer-term trailing stop.
Like with a regular RSI divergence can be indicative of a reversal.
Further weighting will control how much "effort" is required for the trailing stop to cross the RSI. For example. For example, an RSI above the trailing stop will require a higher degree of negative price variations in order for a potential cross to occur when using higher weights.
This can cause higher weightings to return more cyclical and smoother results.
🔶 SETTINGS
Length: Length of the RSI oscillator.
Factor: Multiplicative factor used for the trailing stop calculation.
Smooth: Degree of smoothness of the RSI oscillator.
Weight: Degree of weighting used for the RSI calculation.
HyperTrend [LuxAlgo]The HyperTrend indicator aims to provide a real-time estimate of an underlying linear trend in the price. Support and resistance extremities are constructed from this estimate which can provide trade opportunities within the overall trend.
Most tools that return lines on a chart are either subject to backpainting or repainting. We aimed to provide a reliable real-time method to estimate linear trends in the price, enhancing traders' decision making processes when it comes to trading trends in price, hence the term 'HyperTrend'.
🔶 USAGE
Users can use the HyperTrend to easily determine the trend direction in the price, with an average sloping upward indicating an uptrend, and an average sloping downward indicating a downtrend.
The channels upper extremity can act as a resistance, while the lower extremity can act as a support. Contact with candle wicks can signal timely reversals/retracements.
Using a higher "Multiplicative Factor" value will return less frequent new channels, and is suitable to analyze longer-term trends. The slope settings on the other end allow us to control the slope of the returned channels, with higher values returning flatter results (similar to our previously posted predictive ranges).
🔹 Channel Average
The channel average can return an estimate of the current (and future) trend in the price, the chart below shows an interval where a linear regression is displayed alongside the channel average:
Unlike the linear regression, the average does not have any lookahead bias, this of course comes at the price of accuracy in most cases.
Users can also use this average as a support or resistance. The breakout of a TC average that has been tested multiple times can be considered more significant in suggesting a trend reversal.
🔶 SETTINGS
Multiplicative Factor: Control the allowed degree of deviation of the price from the average line. Higher values will return less frequent new channels.
Slope: Controls the steepness of the returned lines. Higher values will return flatter results.
Width %: Width percentage of the channel. Lower results will return narrower channels.
Apeiron Fair Value BandsThe Apeiron Fair Value Bands take into account a given MA and determine a Fair Value Area (FVA) for the price of a certain asset. The script plots a MA and a tolerance ribbon for it, as well as 2 bands (preset to 1 Standard deviations and 2 Standard deviations respectively, which can be manually changed) with a tolerance ribbon as well.
This creates 3 areas of interest:
The MA ribbon
The inside of the first upper and lower band (1 standard deviation) where price should stay within around 68% percent of the time according to the normal distribution
The inside of the second upper and lower band (2 standard deviations) where price should stay within around 95% percent of the time according to the normal distribution
Taking this into account, Fair Value analysis can be done:
Premium and Discount Prices: From a very simplistic point of view, when price is below a MA it can be considered to be at a discount and when it is above at a premium. Combining that idea with the levels given by the bands, we can determine if we are buying at premium or at a discount, specially on HTF and when considering investing, thus allowing to enter or exit the market with a higher probability of being on the right side of the trend and at a good level. As seen on the example, buying or selling at the highlighted levels would have been profitable with little drawdown.
VAH & VAL: (1 Standard Deviation Bands) Same as a Market Profile, price will stay in here "most" of the time. And particularly during ranging periods, they will provide potential revesal levels. As well, once prices breaks out of it, depending of the reaction to the second band, we can consider it a deviation or the beggining of a new trend. During strong trends, the bands can also serve as a correction support as the MA would do
New Fair Vaue Range: Once a new trend has begun, it will often slide on or break through Band 2, which can be interpreted as price creating a new Fair Value Range low or high. As seen on the chart, once price breaks out, those levels tend to be respected and relevant during corrections. I must make it very clear that this is just an analytical feature meant to be used in confluence with S/R, Supply & Demand, FVGs, Fibs or others. While it can be accurate sometimes, it might not be other times and be only "close".
Exhaustions: I call exhaustions to the scenarios when price keeps going up/down but it fails to keep pushing the fair value area with it. This indicates weakness in the trend and a potential reversal or correction. These appear on all Timeframes and symbols and are very good indications of tops and bottoms, specially after strong rallies or crashes. In the latter cases, waiting for price to re-enter it's FVA, provides great entries at the Bands levels.
Other features / Suggested Uses:
Middle levels: On the setup menu you can select different Standard deviation settings for each band including: 0.5, 1, 1.5, 2, 2.5 and 3. While the most relevant settings are 1 & 2, having their middle levels on the chart can provide extra levels for very tight ranges or just in general potential reversal levels.
Multi Timeframe & Multi symbol: The bands work on very low TF as well as High TF, though on HTF it might be limited by the MA length settings and the historical data of the symbol. It is important to note that each symbol and market type will have its own ideal MA and Bands settings.
Multi Bands Confluence: Same as you would use a short and long MA in a single setup, you can do the same with the bands and the confluence of levels can be very accurate.
Multi Timeframe Confluence: One of the best ways to use the bands so far is by using it in confluence with itself in other TFs, when price moves sharply into a confluent level given by multiple TFs, it is more likely for price to reverse there.
Most of the examples show a 200 SMA, but depending on what and how you are trading a shorter or longer MA might be a better fit for you. As well, if you are trading ranges, a VWMA might be much better, and if you are following a trend the EMA could be the better option.
I also want to make it clear that the bands can but are NOT meant to be a standalone indicator. They are meant to be used for confluence with other strategies, systems or indicators.
