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Trendly ╭━━━━╮╱╱╱╱╱╱╱╱╭┳╮ ┃╭╮╭╮┃╱╱╱╱╱╱╱╱┃┃┃ ╰╯┃┃┣┻┳━━┳━╮╭━╯┃┃╭╮╱╭╮ ╱╱┃┃┃╭┫┃━┫╭╮┫╭╮┃┃┃┃╱┃┃ ╱╱┃┃┃┃┃┃━┫┃┃┃╰╯┃╰┫╰━╯┃ ╱╱╰╯╰╯╰━━┻╯╰┻━━┻━┻━╮╭╯ ╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╭━╯┃ ╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╰━━╯ About the script: This script is an easy-to-use trend indicator, which is based on another popular indicator called "Supertrend" . The basic idea is very simple, i.e. to compute Average True Range(ATR) and use that as the basis for trend detection. The key difference lies in a custom trend detection method, that computes trends across different timeframes and projects them in a table view. The script also tries to improve the behaviour of the existing indicator by highlighting flat regions on the chart, indicating sideways market or potential trend reversals. How to use it: You can use it just like any other indicator, add it to your chart and start analysing market trends. Results can be interpreted as follows. Indicator output is currently made up of two main components: >> Trend Table: Appears at the bottom right of your screen Contains trend indicator for 9 different timeframes Timeframes can be adjusted using indicator settings panel Green Up Arrow --> Up Trend Red Down Arrow --> Down Trend >> Enhanced Supertrend: Shows up as a line plot on the chart Green line indicates up trend Red line indicates down trend White regions indicates slow moving markets or a potential trend reversal Indicator can be used on any timeframe, it provides a view of current and historical market trend Can be used as an indicator for entering/exiting trades Can be used to build custom trading strategies
Indicatore Pine Script®
di sudoMode
19
Musashi_Fractal_Dimension === Musashi-Fractal-Dimension === This tool is part of my research on the fractal nature of the markets and understanding the relation between fractal dimension and chaos theory. To take full advantage of this indicator, you need to incorporate some principles and concepts: - Traditional Technical Analysis is linear and Euclidean, which makes very difficult its modeling. - Linear techniques cannot quantify non-linear behavior - Is it possible to measure accurately a wave or the surface of a mountain with a simple ruler? - Fractals quantify what Euclidean Geometry can’t, they measure chaos, as they identify order in apparent randomness. - Remember: Chaos is order disguised as randomness. - Chaos is the study of unstable aperiodic behavior in deterministic non-linear dynamic systems - Order and randomness can coexist, allowing predictability. - There is a reason why Fractal Dimension was invented, we had no way of measuring fractal-based structures. - Benoit Mandelbrot used to explain it by asking: How do we measure the coast of Great Britain? - An easy way of getting the need of a dimension in between is looking at the Koch snowflake. - Market prices tend to seek natural levels of ranges of balance. These levels can be described as attractors and are determinant. Fractal Dimension Index ('FDI') Determines the persistence or anti-persistence of a market. - A persistent market follows a market trend. An anti-persistent market results in substantial volatility around the trend (with a low r2), and is more vulnerable to price reversals - An easy way to see this is to think that fractal dimension measures what is in between mainstream dimensions. These are: - One dimension: a line - Two dimensions: a square - Three dimensions: a cube. --> This will hint you that at certain moment, if the market has a Fractal Dimension of 1.25 (which is low), the market is behaving more “line-like”, while if the market has a high Fractal Dimension, it could be interpreted as “square-like”. - 'FDI' is trend agnostic, which means that doesn't consider trend. This makes it super useful as gives you clean information about the market without trying to include trend stuff. Question: If we have a game where you must choose between two options. 1. a horizontal line 2. a vertical line. Each iteration a Horizontal Line or a Square will appear as continuation of a figure. If it that iteration shows a square and you bet vertical you win, same as if it is horizontal and it is a line. - Wouldn’t be useful to know that Fractal dimension is 1.8? This will hint square. In the markets you can use 'FD' to filter mean-reversal signals like Bollinger bands, stochastics, Regular RSI divergences, etc. - Wouldn’t be useful to know that Fractal dimension is 1.2? This will hint Line. In the markets you can use 'FD' to confirm trend following strategies like Moving averages, MACD, Hidden RSI divergences. Calculation method: Fractal dimension is obtained from the ‘hurst exponent’. 'FDI' = 2 - 'Hurst Exponent' Musashi version of the Classic 'OG' Fractal Dimension Index ('FDI') - By default, you get 3 fast 'FDI's (11,12,13) + 1 Slow 'FDI' (21), their interaction gives useful information. - Fast 'FDI' cross will give you gray or red dots while Slow 'FDI' cross with the slowest of the fast 'FDI's will give white and orange dots. This are great to early spot trend beginnings or trend ends. - A baseline (purple) is also provided, this is calculated using a 21 period Bollinger bands with 1.618 'SD', once calculated, you just take midpoint, this is the 'TDI's (Traders Dynamic Index) way. The indicator will print purple dots when Slow 'FDI' and baseline crosses, I see them as Short-Term cycle changes. - Negative slope 'FDI' means trending asset. - Positive most of the times hints correction, but if it got overextended it might hint a rocket-shot. TDI Ranges: - 'FDI' between 1.0≤ 'FDI' ≤1.4 will confirm trend following continuation signals. - 'FDI' between 1.6≥ 'FDI' ≥2.0 will confirm reversal signals. - 'FDI' == 1.5 hints a random unpredictable market. Fractal Attractors - As you must know, fractals tend orbit certain spots, this are named Attractors, this happens with any fractal behavior. The market of course also shows them, in form of Support & Resistance, Supply Demand, etc. It’s obvious they are there, but now we understand that they’re not linear, as the market is fractal, so simple trendline might not be the best tool to model this. - I’ve noticed that when the Musashi version of the 'FDI' indicator start making a cluster of multicolor dots, this end up being an attractor, I tend to draw a rectangle as that area as price tend to come back (I still researching here). Extra useful stuff - Momentum / speed: Included by checking RSI Study in the indicator properties. This will add two RSI’s (9 and a 7 periods) plus a baseline calculated same way as explained for 'FDI'. This gives accurate short-term trends. It also includes RSI divergences (regular and hidden), deactivate with a simple check in the RSI section of the properties. - BBWP (Bollinger Bands with Percentile): Efficient way of visualizing volatility as the percentile of Bollinger bands expansion. This line varies color from Iced blue when low volatility and magma red when high. By default, comes with the High vols deactivated for better view of 'FDI' and RSI while all studies are included. DDWP is trend agnostic, just like 'FDI', which make it very clean at providing information. - Ultra Slow 'FDI': I noticed that while using BBWP and RSI, the indicator gets overcrowded, so there is the possibility of adding only one 'FDI' + its baseline. Final Note: I’ve shown you few ways of using this indicator, please backtest before using in real trading. As you know trading is more about risk and trade management than the strategy used. This still a work in progress, I really hope you find value out of it. I use it combination with a tool named “Musashi_Katana” (also found in TradingView). Best! Musashi
Indicatore Pine Script®
di Musashi-Alchemist
25
MTF Commodity Oddity Index (CCI+)MTF Commodity Oddity Index (CCI+) This chart overlay indicator is based upon the Commodity Channel Index (CCI) and can signal multiple triple-timeframe CCI overbought and oversold confluences directly onto your chart, intended for use as a confluence either for reversal trade entries, or potential trade exits, indicating where price may be probable to reverse. Features include: - Primary set of fully configurable triple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought or all oversold at the same time. Enabled by default. - Secondary set of fully configurable triple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought or all oversold at the same time. Enabled by default. - Optional drawing of background colours and/or ribbon seen at bottom of the chart image. - The default primary MTF #1 timeframes are set to 1 minute, 5 minute and 15 minute. These are highly suitable for low timeframe scalpers trading on < 5m charts, and can often pin point price reversals. - The default Secondary MTF #2 timeframes are set to 15 minute, 30 minute and 120 minute. These are suitable for both low timeframe scalpers and considerably higher timeframe traders. - Independent alerts for MTF #1 and MTF #2 triple-timeframe confluences, including options for alerting MTF overbought and MTF oversold individually, as well as an option for alerting either overbought or oversold in a single combined alert. - Also includes standard configurable CCI options, including CC length and source type. Note: The features listed above are accurate at the time of publishing but maybe updated or added to in future. A similar MTF CCI indicator is also available as a panel indicator here . This indicator is based upon the original MTF Fantastic Stochastic (FS+) available here . What is the Commodity Channel Index (CCI)? Investopedia has described the popular oscillator as follows: “The Commodity Channel Index​ (CCI) is a momentum-based oscillator used to help determine when an investment vehicle is reaching a condition of being overbought or oversold. Developed by Donald Lambert, this technical indicator assesses price trend direction and strength, allowing traders to determine if they want to enter or exit a trade, refrain from taking a trade, or add to an existing position. In this way, the indicator can be used to provide trade signals when it acts in a certain way.” You can read more about the CCI , its use cases and calculations here . How do traders use overbought and oversold levels in their trading? The oversold level, that is traditionally when the CCI is above the 100 level is typically interpreted as being 'overbought', and below the -100 level is typically considered 'oversold'. Traders will often use the CCI at an overbought level as a confluence for entry into a short position, and the CCI at an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the CCI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the CCI . While traditionally, the overbought and oversold levels are below -100 for oversold, and above 100 for overbought, the default threshold settings of this indicator have been increased to provide fewer, stronger signals, especially suited to the low timeframes and highly volatile assets.
Indicatore Pine Script®
di PHVNTOM_TRADER
CFB-Adaptive Trend Cipher Candles [Loxx]CFB-Adaptive Trend Cipher Candles is a candle coloring indicator that shows both trend and trend exhaustion using Composite Fractal Behavior price trend analysis. To do this, we first calculate the dynamic period outputs from the CFB algorithm and then we injection those period inputs into a correlation function that correlates price input price to the candle index. The closer the correlation is to 1, the lighter the green color until the color turns yellow, sometimes, indicating upward price exhaustion. The closer the correlation is to -1, the lighter the red color until it reaches Fuchsia color indicating downward price exhaustion. Green means uptrend, red means downtrend, yellow means reversal from uptrend to downtrend, fuchsia means reversal from downtrend to uptrend. What is Composite Fractal Behavior ( CFB )? All around you mechanisms adjust themselves to their environment. From simple thermostats that react to air temperature to computer chips in modern cars that respond to changes in engine temperature, r.p.m.'s, torque, and throttle position. It was only a matter of time before fast desktop computers applied the mathematics of self-adjustment to systems that trade the financial markets. Unlike basic systems with fixed formulas, an adaptive system adjusts its own equations. For example, start with a basic channel breakout system that uses the highest closing price of the last N bars as a threshold for detecting breakouts on the up side. An adaptive and improved version of this system would adjust N according to market conditions, such as momentum, price volatility or acceleration. Since many systems are based directly or indirectly on cycles, another useful measure of market condition is the periodic length of a price chart's dominant cycle, (DC), that cycle with the greatest influence on price action. The utility of this new DC measure was noted by author Murray Ruggiero in the January '96 issue of Futures Magazine. In it. Mr. Ruggiero used it to adaptive adjust the value of N in a channel breakout system. He then simulated trading 15 years of D-Mark futures in order to compare its performance to a similar system that had a fixed optimal value of N. The adaptive version produced 20% more profit! This DC index utilized the popular MESA algorithm (a formulation by John Ehlers adapted from Burg's maximum entropy algorithm, MEM). Unfortunately, the DC approach is problematic when the market has no real dominant cycle momentum, because the mathematics will produce a value whether or not one actually exists! Therefore, we developed a proprietary indicator that does not presuppose the presence of market cycles. It's called CFB (Composite Fractal Behavior) and it works well whether or not the market is cyclic. CFB examines price action for a particular fractal pattern, categorizes them by size, and then outputs a composite fractal size index. This index is smooth, timely and accurate Essentially, CFB reveals the length of the market's trending action time frame. Long trending activity produces a large CFB index and short choppy action produces a small index value. Investors have found many applications for CFB which involve scaling other existing technical indicators adaptively, on a bar-to-bar basis. Included Loxx's Expanded Source Types Related indicators: Adaptive Trend Cipher loxx] Dynamic Zones Polychromatic Momentum Candles RSI Precision Trend Candles
Indicatore Pine Script®
di loxx
5
Kase Peak Oscillator w/ Divergences [Loxx]Kase Peak Oscillator is unique among first derivative or "rate-of-change" indicators in that it statistically evaluates over fifty trend lengths and automatically adapts to both cycle length and volatility. In addition, it replaces the crude linear mathematics of old with logarithmic and exponential models that better reflect the true nature of the market. Kase Peak Oscillator is unique in that it can be applied across multiple time frames and different commodities. As a hybrid indicator, the Peak Oscillator also generates a trend signal via the crossing of the histogram through the zero line. In addition, the red/green histogram line indicates when the oscillator has reached an extreme condition. When the oscillator reaches this peak and then turns, it means that most of the time the market will turn either at the present extreme, or (more likely) at the following extreme. This is both a reversal and breakout/breakdown indicator. Crosses above/below zero line can be used for breakouts/breakdowns, while the thick green/red bars can be used to detect reversals The indicator consists of three indicators: The PeakOscillator itself is rendered as a gray histogram. Max is a red/green solid line within the histogram signifying a market extreme. Yellow line is max peak value of two (by default, you can change this with the deviations input settings) standard deviations of the Peak Oscillator value White line is the min peak value of two (by default, you can change this with the deviations input settings) standard deviations of the PeakOscillator value The PeakOscillator is used two ways: Divergence: Kase Peak Oscillator may be used to generate traditional divergence signals. The difference between it and traditional divergence indicators lies in its accuracy. PeakOut: The second use is to look for a Peak Out. A Peak Out occurs when the histogram breaks beyond the PeakOut line and then pulls back. A Peak Out through the maximum line will be displayed magenta. A Peak Out, which only extends through the Peak Min line is called a local Peak Out, and is less significant than a normal Peak Out signal. These local Peak Outs are to be relied upon more heavily during sideways or corrective markets. Peak Outs may be based on either the maximum line or the minimum line. Maximum Peak Outs, however, are rarer and thus more significant than minimum Peak Outs. The magnitude of the price move may be greater following the maximum Peak Out, but the likelihood of the break in trend is essentially the same. Thus, our research indicates that we should react equally to a Peak Out in a trendy market and a Peak Min in a choppy or corrective market. Included: Bar coloring Alerts
Indicatore Pine Script®
di loxx
6
Anchored OBV RSI: "V-RSI" About the Indicator: V-RSI uses values from the traditional "Relative Strength Index(RSI)" oscillator and the "On Balance Volume(OBV)" indicator and anchors them into an oscillator format. In doing so, we are given a more concrete overview of volume/sentiment data relative to the RSI for analysis of trend strength and decision making. EXTRAS: BTC MODE => for BTC only. In BTC MODE, the indicator uses BTC volume data from the following 5 major exchanges: BINANCE, COINBASE, FTX, BITMEX, BITFINEX. The sum of this data is taken to depict anchored OBV values. This allows for a more accurate representation of Global Volume. How to use it The indicator can be used like the normal RSI with the OBV (area in the middle) showing volume sentiment. <50 is seen as bearish >50 is seen as bullish Using this data, it becomes easier to identify unsustainable trends, reversals, divergences An example of an unsustainable trend and reversal would be if RSI values are overbought ( RSI > 70) yet OBV oscillator remains below 50. == chances of unsustainable trend reversal are more likely. For more questions, send me a message here on Tradingview. Happy trading, MM :)
Indicatore Pine Script®
di yinandyani
16
Elder Force Index With ATR Channels [loxx]Elder Force Index With ATR Channels, adaptive from original script by Dr. Alexander Elder What it does -EFI is used to sport reversals mainly on the weekly time frame -When EFI spikes over 3 x ATR calculated on the signal line, price is said to have exhausted and you can start looking for reversals Features -Change all inputs -Truncate EFI at 4 x ATR so as to not squish the indicator -Open source, use code as you wish. If you use this code, shoot me a line and tell me how you're using it
Indicatore Pine Script®
di loxx
6
Institutional OrderBlock Pressure█ OVERVIEW OrderBlocks are areas where Banks take a Short or Long position. So they create a movement that they would like to hide from us, but luckily for us they cannot. Take the example of Banks opening Short position for x reason. The Trend is already Bearish. The Price will fall and then make a Reversal (most often to the price where they opened their positions) and it is at this precise moment that they will again resume a Short position twice as large because for the moment, following this example it is not in their interest that the Price exceeds a certain Price since they are Seller. As a result they create a solid Resistance (the strongest it is). There are several ways to interpret this logic, we can try to follow the movement of Banks or on the contrary take advantage of the recovery of the course. Note that not having level 2 and access to the order book from TradingView we can only make a rough estimate of the "OrderBlocks" through VPOC. █ HOW TO INTERPRET? • The Labels displayed by "Red Arrow" and "Green Arrow" represent supposed Bearish or Bullish OrderBlock. Note that you should not in any way interpret these "Arrows" as Signals to Buy or Sell for the reasons mentioned above. • The OB Line works according to detected OrderBlock Candle. These lines indicate the potential recovery area. (The highlighted lines and candles are white by default). • It is better to use this indicator on Higher TimeFrame like 2H or 4H. • You can change the Volume Ratio (here VPOC) which is 89 by default. • There is a Customization section that allows you to change the colors of the Lines and Candles from White to Black depending on your background color (Light or Dark). • YES the indicator is Repainting and YES you can have False Alerts since Labels appear in intra-bar! █ ALERTS • In fact we don't really need Alerts for the logic of this indicator except maybe to get the Price of the last OB Detected and to keep this price in your Alert History and may use it later. Some improvements will come in future with updates and we have already planned to add Alerts when a "Line Cross" gone occur. If you notice any bugs or if you have any suggestions, don't be hateful gangs ;) Happy trading everyone and remember, risk management is the most important!
Indicatore Pine Script®
di RickSimpson
169
Break/Reversal/Touch [Intromoto]This script shows the engulfing breaks, touches and potential reversals for when prices arrives at certain time frame closes. On publishing it shows the crossovers of the 6 hour, Daily, Weekly, and Monthly time frames. The candle main signals are contingent on crossing over the closing level, and engulfing the previous candle. Secondary signals occur when the candle low or high touch the closing levels, in the directional color, i.e. you'll get a bearish touch signal if the candle high touches the level, and it's a red candle. Reversals occur when the subsequent candle breaks a closing level, but the current candle engulfs the previous candle in the opposing direction. If a candles low or high hits a daily, weekly, or monthly close level it also will plot a "D/W/M Touch" in the according direction. Thanks
Indicatore Pine Script®
di Intromoto
2
Peak Reversal v2This is a brand new version of my Peak Reversal indicator. As with the older version, the idea behind this indicator is simple: identify potential price reversal areas, and identifying markets which are trending. In this new version I focused on improving on the old concept, but introduced a bunch of features heavily inspired by Adam Grimes' ideas from The Art and Science of Trading. (I also blatantly stole the way he colors candles outside of the bands. Sorry.) As you can see below this indicator gives traders a plethora of tools to judge whether a market is trending, and might be mean reverting soon. Follow me, join my group, like the script. You know the drill. Basic functions: You have a triplet of Keltner (ATR-based) bands in Peak Reversal. They are defined by a multiplier and an EMA, which is referred to as "the mean". There's a tight, normal, and an extreme band. The multiplier defines how far apart your bands are. By default the indicator uses 1.125, 2.25, and 3.375. The tight band is off by default, but you can turn it on in the options. The mean is also off by default. This is more a personal preference thing for me, because I happen to use a different indicator to show a couple of moving averages. Band crosses: Peak Reversal can indicate whenever price crosses one of the bands. This can help traders identify points where a mean reversal play could be an option. Triangles indicate these crosses. New in version 2 is the ability to choose which of the bands to use to show these crosses. If you are more of an aggressive trader, you might find it better to show tight band crosses. If you are looking for more extreme market conditions, then choose extreme. The default is "normal". Free bars: Indicating free bars is also a concept from the book. A "free bar" is one which stands "freely" above the bands, which means its low price is completely outside of the bands. It can be argued that a freely standing bar is an even more extreme mean deviation, than just a band cross. Traders can gain an additional advantage studying the markets this way. Free bars are not shown by default, when on, a star shape on the candles indicates free bars. Both band crosses and free bars can be shown at the same time, but there might be overlap. Deviations: Also based on a concept from The Art and Science of Trading, is an indication of price "deviations". You will notice that when a candle "touches" a band (high and close above band), its colored. The idea here is to show traders when a market is in motion, but also when a mean reversal might be coming next. To accomplish this, the more colors deviate, the darker the color is. The idea here is also simple, the more price deviates off the mean, the likelier it is to return to it. This uses three different shades to show these deviations. 1-2 is one shade, 3-4 another, and upwards of 5 there's only the darkest shade. I didn't make extensive studies, which color for how many candles would be appropriate to use, but I do believe it doesn't matter that much in usage. It's clear what traders gain from using this information: more deviation, the likelier a snapback becomes. Advanced mode: Last but not least, I decided to add an advanced mode for advanced traders. This does nothing more than flip all colors and shapes upside down. Everything that is red, becomes green. The idea is where some traders say "buy low, sell high" (standard mode), other traders might say "buy high, sell higher" (advanced mode). See for yourself, which one you like better.
Indicatore Pine Script®
di Zettt
4
The WWG Plan Indicator V2█  OVERALL This indicator was specifically created for the Walsh Wealth Group. In short it is a fusion of some of the most basic and widely used indicators to show overbought patterns and trend reversals. Its best usage is with LTF scalping and agressive profit taking but can also be used to find HTF dips and buy-zones. █  FEATURES Buy Signal (Buy): Printed only with all confirmations triggered Small Buy Signal (B1 & B2) Printed if some of the confirmations are triggered and can be treated as DCA entries or for further confirmation with other indicators and basic TA. Crayons (Color Bars): Blue: RSI is oversold Olive: RSI and Stoch RSI are oversold Yellow: RSI, Stoch RSI are oversold and lower Bollinger Bands are crossed by Low Orange: RSI, Stoch RSI and CCI are oversold Trailing SL: If activated in the config, a trailing SL can be displayed on the chart based on ATR. █  SETTINGS The underlying indicators used are RSI, Stoch RSI, Bollinger Bands, MACD and CCI. All possible configs can be changed in the config settings. █  GENERAL INFORMATION Depending on the settings, the indicator performance will be highly affected. This indicator is only displaying highly oversold areas and events of trend reversal it is not a *God*-Signal and will print false positives. █  ALERTS An alert for the main buy-signal is implemented and can be used via the TV alert functionality.
Indicatore Pine Script®
di ru0ka
3
Trend Reversal Indicator (EMA of slopes)Good morning Traders Inspirated by lukescream EMA-slope strategy, today I want to share with you this simple indicator whose possible use-case would be for detecting in advance possible trend reversals, specially on higher timeframes. Once that you've chosen the desired source (RSI, EMA or Stochastic k or d), the indicator will calculate its "slope" approximating its first order derivative by the division between the last variation of the series and its last value. You can see the slope as a white line by enabling the relative checkmark (it's disabled by default since it simply messes up the the graph) Then, the slope itself becomes the source for two exponential moving averages: the fast one (in blue) has a period of 20 while the slow one (in red, it becomes similiar to a horizontal line actually) has a period of 500 Why the slope? Since all the sources mentioned before are directly or indirectly calculated on the price action, a more aggressiveness in the price movement would be translated into a more (positive/negative) steepness of those indicator (of course this effect would be far more evident if the indicators are calculated on low periods, but really low periods could compromise the consistency of the signals). In this way, the slope would mirror the decisiveness of price movements and a comparison between two averages calculated from it (the first one based on more recent values, the second one that conisders also older values) could tell you in advance what direction the market is possibly about to take The usage is simple: once that the fast moving average crosses upward the slow one, this could be a sign of potential trend reversal from bearish to bullish. On the contrary, if the fast EMA crosses downward the slow one, this could be a sign of potential trend reversal from bullish to bearish. What I suggest you is to integrate this indicator with Exponential Moving Averages plotted on the price candles, in order to have a general bias for opening long or short positions, and with an oscillator as well such as the Stochastisc RSI in order to detect the overbought/oversold zones for opening/closing positions at the right moment. Happy Trading!
Indicatore Pine Script®
di Drun30
8
TakeOff Levels/Zones (Expo)TakeOff Levels/Zones (Expo) automatically identifies and displays support and resistance levels based on momentum. Levels/Zones are displayed where there is a high probability that price can takeoff. Traders should look for breakouts from the Level/Zone. If the price doesn't breakouts from the SR level/zone there's a chance that the market has topped or bottomed out. The indicator can be used standalone or as a part of your current trading strategy. Real-time No repainting Works on any market HOW TO USE 1. Use the indicator to identify where the price can takeoff. 2. Use the indicator to identify potential breakouts. 3. Use the indicator to identify potential reversal points. INDICATOR IN ACTION 1 min chart I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks! I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments! ACCESS THE INDICATOR • Contact me on TradingView or use the links below ----------------- 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/ideas are only for educational purposes!
Indicatore Pine Script®
di Zeiierman
8
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
Lag-Less Rainbow RibbonThis is my polychromatic "Lag-Less Rainbow Ribbon" indicator using Pine Script version 4.0. I'm sure you may noticed by now, this indicator is truly an astounding rainbow to witness upon encountering it initially. It's jaw dropping beauty is the first of it's kind on TV, but will continue to shine here, or on your chart, so long as TV exists. This one isn't disappearing into non-existence any time soon. It's extremely easy to use having only one input() to control the entire ribbon and it's lag. I couldn't make it any simpler to use, and that's one unique yet powerful feature of this elegant indicator. Another unique characteristic of deploying this in rainbow fashion is it provides very clear indications of when and where a significant reversal has occurred. Afterwards, trend direction following a large reversal is quickly established. This script uses all 64 of the available plottable series TV will allow currently, so adding features to it may be impossible in the future. Yet the cloud handles it with ease and speed I have never encountered in a ribbon indicator before. The Pine Script in this indicator is highly optimized, coming in at a light weight 120+ lines of code, probably contributing to it's efficiency. Lastly, with this flagship indicator, I included a multi-color "neon source" line to view close, hl2, etc... Any one of the two indicators may actually be enabled/disabled independently. In the demonstration chart, you will witness the other color schemes available. I provided multiple color schemes for those of you who may have color blindness vision impairments. You may contact me in private, if these color schemes are not suitable for your diagnosed visual impairment, and you wish to contribute to seeing the color schemes improved along with other future indicators I shall release. I.P.O.C.S.: "Initial Public Offering Clean Start" proprietary technology. Firstly, many of my other indicators already possess this capability. It allows suitable plotting from day one, minute one of IPO, remedying visually delayed signal analysis. It's basically accurate plotting from the very first bar (bar_index==0) on Tradingview. If you don't know what this is, most people don't, go back to the VERY beginning of any stock on the "All" chart and compare it to other similar indicators. What's so special about this? It is extremely difficult to get a healthy plot from bar_index==0 on any platform. However, I have become exceedingly talented performing this feat in most cases, but not all depending on the algorithm. This indicator is a successful accomplishment implementing IPOCS. It's inherent value is predominantly for IPO traders who in the past have had to wait 20, 50, and 150 bars before they obtain a precise indicator measurement for the simplest of algorithms in order to make a properly informed decision to potentially invest in an asset. How is this achieved? It's a highly protected secret of mine... but I will say I rarely use Pine built-in functions at all. When I do, I use them scarcely due to currently existing Pine language limitations. Features List Includes: I.P.O.C.S.(Initial Public Offering Clean Start) Technology Enable/disable dark background for enhanced visibility One "Lag Factor" adjustment to adjust them all Color schemes "Transparency" control Independent "Source" options This is not a freely available indicator, FYI. To witness my Pine poetry in action, properly negotiated requests for unlimited access, per indicator, may ONLY be obtained by direct contact with me using TV's "Private Chats" or by "Message" hidden in my member name above. The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section if you do have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I will implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Indicatore Pine Script®
di ImmortalFreedom
6
Extreme Reversal Setup Price ActionThe extreme reversal setup is a fabulous signal that I've back tested over countless years of data on many instruments, different timeframes, and using various trade management methodologies. The results have always been highly favorable. Needless to say, this setup remains a key staple of my trading arsenal. The extreme reversal setup is a classic "rubber band" trade. When a rubber band is stretched to its limits and then released, it snaps back in the direction from whence it came. We are looking to trade the snapback reversal with this setup. The basic setup occurs when an extremely large candle forms that is about twice the size of the average candlestick. While this candle may indicate that a continuation will be seen, the second bar of the pattern does not confirm a continuation and, instead, is an opposing candle that signals an upcoming reversal. When this occurs, you have a fantastic opportunity to buy below value, or sell at a premium. The extreme reversal setup looks to capitalize over-extended situations in the market, as responsive buyers and sellers will enter the market to push price back in the opposite direction. Courtesy : Frank Ochoa.
Indicatore Pine Script®
di scorpiomanoj
5
2-1-2 ReversalThis indicator identifies all 2-1-2 price action patterns on any chart or time frame — both reversals and continuations — based on Rob Smith’s The Strat trading system. 🟢 Bullish 2-1-2: Detected when a directional candle (2D or 2U), followed by an inside bar (1), is followed by a break to the upside (2U). 🔴 Bearish 2-1-2: Detected when a directional candle (2U or 2D), followed by an inside bar (1), is followed by a break to the downside (2D). ✅ Key Features: Works on any time frame (1m to Monthly) No filters — shows every valid 2-1-2 setup Detects both reversal and continuation patterns 🔔 Built-in alert conditions for Bullish and Bearish setups 🔍 Great for strat traders who want to catch all opportunities, not just hand-picked ones 🧠 Use Case Tips: Combine with higher time frame trend or broadening formations for confirmation Works well with sectors (SPY, QQQ, XLE) and ETFs for strat alignment Add volume, EMA, or other custom confluences for advanced filtering
Indicatore Pine Script®
di LorPlant
Three-Bar Reversal/ContinuationThis indicator identifies a three-bar expansion pattern based on range and volume, designed to highlight moments when the market pushes strongly, pauses, and then resumes with confirmation. Detection Logic * Bar (two bars ago) must show sufficient strength, determined by the number of conditions met. * Bar (one bar ago) must be neutral (strength = 0), marking a brief pause. *Bar (current bar) must continue the expansion, with range and volume greater than the prior bar. (Bar is used as a safeguard to prevent repeated detection during ongoing strong moves) Strength Scoring Each bar is scored 0–3 based on which of the following conditions it satisfies: * Range exceeds a multiple of the recent average * Volume exceeds a multiple of the recent average * Range × volume exceeds a multiple of the recent average The detection level input controls how many of these conditions must hold to classify a bar as “strong.” This allows tuning from permissive (1 condition) to strict (all 3 conditions). Parameters & Utility * length: Lookback period for moving averages of span, volume, and span×volume. Larger values smooth the averages, reducing false positives; smaller values increase sensitivity. * coeff: Multiplicative threshold to define an unusually strong bar. Higher values reduce frequency but increase reliability. * detectLevel: Minimum number of conditions that must be met for a bar to count as “strong.” * showCont: Whether to allow continuation signals away from local extrema (if false, only reversals near highs/lows are considered). * symbolUp / symbolDown: Customizable plotting symbols for bullish/bearish signals. * showStrength: Plots tiny dots indicating the strength of each bar (1–3). Rationale This structure captures a recurring market motif: strong push → brief pause → renewed push, where the renewed activity is confirmed by both price expansion and volume. Using a combination of statistical thresholds (range, volume, range×volume) and price structure ensures that signals are both measurable and visually interpretable. Usage Notes * This setup allows traders to visually or systematically identify potential reversal or continuation points while controlling sensitivity to noise. * Designed as a mechanical filter rather than a fully automated trading system. Signals highlight notable activity but do not dictate entry, exit, or risk management. * Works best when combined with trend/context filters or higher-timeframe analysis. * Adjust the parameters based on the volatility of the instrument and timeframe.
Indicatore Pine Script®
di abuzka