Smart Flow Tracker [The_lurker]
Smart Flow Tracker (SFT): Advanced Order Flow Tracking Indicator
Overview
Smart Flow Tracker (SFT) is an advanced indicator designed for real-time tracking and analysis of order flows. It focuses on detecting institutional patterns, massive orders, and potential reversals through analysis of lower timeframes (Lower Timeframe) or live ticks. It provides deep insights into market behavior using a multi-layered intelligent detection system and a clear visual interface, giving traders a competitive edge.
SFT focuses on trade volumes, directions, and frequencies to uncover unusual activity that may indicate institutional intervention, massive orders, or manipulation attempts (traps).
Indicator Operation Levels
SFT operates on three main levels:
1. Microscopic Monitoring: Tracks every trade at precise timeframes (down to one second), providing visibility not available in standard timeframes.
2. Advanced Statistical Analysis: Calculates averages, deviations, patterns, and anomalies using precise mathematical algorithms.
3. Behavioral Artificial Intelligence: Recognizes behavioral patterns such as hidden institutional accumulation, manipulation attempts and traps, and potential reversal points.
Key Features
SFT features a set of advanced functions to enhance the trader's experience:
1. Intelligent Order Classification System: Classifies orders into six categories based on size and pattern:
- Standard: Normal orders with typical size.
- Significant 💎: Orders larger than average by 1.5 times.
- Major 🔥: Orders larger than average by 2.5 times.
- Massive 🐋: Orders larger than average by 3 times.
- Institutional 🏛️: Consistent patterns indicating institutional activity.
- Reversal 🔄: Large orders indicating direction change.
- Trap ⚠️: Patterns that may be price traps.
2. Institutional Patterns Detection: Tracks sequences of similar-sized orders, detects organized institutional activity, and is customizable (number of trades, variance ratio).
3. Reversals Detection: Compares recent flows with previous ones, detects direction shifts from up to down or vice versa, and operates only on large orders (Major/Massive/Institutional).
4. Traps Detection: Identifies sequences of large orders in one direction, followed by an institutional order in the opposite direction, with early alerts for false moves.
5. Flow Delta Bar: Displays the difference between buy and sell volumes as a percentage for balance, with instant updates per trade.
6. Dynamic Statistics Panel: Displays overall buy and sell ratios with real-time updates and interactive colors.
How It Works and Understanding
SFT relies on logical sequential stages for data processing:
A. Data Collection: Uses the `request.security_lower_tf()` function to extract data from a lower timeframe (like 1S) even on a higher timeframe (like 5D). For each time unit, it calculates:
- Adjusted Volume: Either normal volume or "price-weighted volume" (hlc3 * volume) based on user choice.
- Trade Direction: Compared to previous close (rise → buy, fall → sell).
B. Building Temporary Memory: Maintains a dynamic list (sizeHistory) of the last 100 trade sizes, continuously calculating the moving average (meanSize).
C. Intelligent Classification: Compares each new trade to the average:
- > 1.5 × average → Significant.
- > 2.5 × average → Major.
- > 3.0 × average → Massive.
- Institutional Patterns Check: A certain number of trades (e.g., 5) with a specified variance ratio (±5%) → Institutional.
D. Advanced Detection:
- Reversal: Compares buy/sell totals in two consecutive periods.
- Trap: Sequence of large trades in one direction followed by an opposite institutional trade.
E. Display and Alerts: Results displayed in an automatically updated table, with option to enable alerts for notable events.
Settings (Fully Customizable)
SFT offers extensive options to adapt to the trader's needs:
A. Display Settings:
- Language: English / Arabic.
- Table Position: 9 options (e.g., Top Right, Middle Right, Bottom Left).
- Display Size: Tiny / Small / Normal / Large.
- Max Rows: 10–100.
- Enable Flow Delta Bar: Yes / No.
- Enable Statistics Panel: Yes / No (displays buy/sell % ratio).
B.- Technical Settings:
- Data Source: Lower Timeframe / Live Tick (simulation).
- Timeframe: Optional (e.g., 1S, 5S, 1).
- Calculation Type: Volume / Price Volume.
C. Intelligent Detection System:
- Enable Institutional Patterns Detection.
- Pattern Length: 3–20 trades.
- Allowed Variance Ratio: 1%–20%.
- Massive Orders Detection Factor: 2.0–10.0.
D. Classification Criteria:
- Significant Orders Factor: 1.2–3.0.
- Major Orders Factor: 2.0–5.0.
E. **Advanced Detection**:
- Enable Reversals Detection (with review period).
- Enable Traps Detection (with minimum sequence limit).
F. Alerts System:
- Enable for each type: Massive orders, institutional patterns, reversals, traps, severe imbalance (60%–90%).
G. Color System: Manual customization for each category:
- Standard Buy 🟢: Dark gray green.
- Standard Sell 🔴: Dark gray red.
- Significant Buy 🟢: Medium green.
- Significant Sell 🔴: Medium red.
- Major Orders 🟣: Purple.
- Massive Orders 🟠: Orange.
- Institutional 🟦: Sky blue.
- Reversal 🔵: Blue.
- Trap 🟣: Pink-purple.
Target Audiences
SFT benefits a wide range of traders and investors:
1. Scalpers: Instant detection of large orders, liquidity points identification, avoiding traps in critical moments.
2. Day Traders: Tracking smart money footprint, determining real session direction, early reversals detection.
3. Swing Traders: Confirming trend strength, detecting institutional accumulation/distribution, identifying optimal entry points.
4. Investors: Understanding true market sentiments, avoiding entry at false peaks, identifying real value zones.
⚠️ Disclaimer:
This indicator is for educational and analytical purposes only. It does not constitute financial, investment, or trading advice. Use it in conjunction with your own strategy and risk management. Neither TradingView nor the developer is liable for any financial decisions or losses.
Smart Flow Tracker (SFT): مؤشر متقدم لتتبع تدفقات الأوامر
نظرة عامة
Smart Flow Tracker (SFT) مؤشر متقدم مصمم لتتبع وتحليل تدفقات الأوامر في الوقت الفعلي. يركز على كشف الأنماط المؤسسية، الأوامر الضخمة، والانعكاسات المحتملة من خلال تحليل الأطر الزمنية الأقل (Lower Timeframe) أو التيك الحي. يوفر رؤية عميقة لسلوك السوق باستخدام نظام كشف ذكي متعدد الطبقات وواجهة مرئية واضحة، مما يمنح المتداولين ميزة تنافسية.
يركز SFT على حجم الصفقات، اتجاهها، وتكرارها لكشف النشاط غير العادي الذي قد يشير إلى تدخل مؤسسات، أوامر ضخمة، أو محاولات تلاعب (فخاخ).
مستويات عمل المؤشر
يعمل SFT على ثلاثة مستويات رئيسية:
1. المراقبة المجهرية: يتتبع كل صفقة على مستوى الأطر الزمنية الدقيقة (حتى الثانية الواحدة)، مما يوفر رؤية غير متوفرة في الأطر الزمنية العادية.
2. التحليل الإحصائي المتقدم: يحسب المتوسطات، الانحرافات، الأنماط، والشذوذات باستخدام خوارزميات رياضية دقيقة.
3. الذكاء الاصطناعي السلوكي: يتعرف على أنماط سلوكية مثل التراكم المؤسسي المخفي، محاولات التلاعب والفخاخ، ونقاط الانعكاس المحتملة.
الميزات الرئيسية
يتميز SFT بمجموعة من الوظائف المتقدمة لتحسين تجربة المتداول:
1. نظام تصنيف الأوامر الذكي: يصنف الأوامر إلى ست فئات بناءً على الحجم والنمط:
- Standard (قياسي)**: أوامر عادية بحجم طبيعي.
- Significant 💎 (مهم)**: أوامر أكبر من المتوسط بـ1.5 ضعف.
- Major 🔥 (كبير)**: أوامر أكبر من المتوسط بـ2.5 ضعف.
- Massive 🐋 (ضخم)**: أوامر أكبر من المتوسط بـ3 أضعاف.
- Institutional 🏛️ (مؤسسي)**: أنماط متسقة تشير إلى نشاط مؤسسي.
- Reversal 🔄 (انعكاس)**: أوامر كبيرة تشير إلى تغيير اتجاه.
- Trap ⚠️ (فخ)**: أنماط قد تكون فخاخًا سعرية.
2. كشف الأنماط المؤسسية: يتتبع تسلسل الأوامر المتشابهة في الحجم، يكشف النشاط المؤسسي المنظم، وقابل للتخصيص (عدد الصفقات، نسبة التباين).
3. كشف الانعكاسات: يقارن التدفقات الأخيرة بالسابقة، يكشف تحول الاتجاه من صعود إلى هبوط أو العكس، ويعمل فقط على الأوامر الكبيرة (Major/Massive/Institutional).
4. كشف الفخاخ: يحدد تسلسل أوامر كبيرة في اتجاه واحد، يليها أمر مؤسسي في الاتجاه المعاكس، مع تنبيه مبكر للحركات الكاذبة.
5. شريط دلتا التدفق: يعرض الفرق بين حجم الشراء والبيع كنسبة مئوية للتوازن، مع تحديث فوري لكل صفقة.
6. لوحة إحصائيات ديناميكية: تعرض نسبة الشراء والبيع الإجمالية مع تحديث لحظي وألوان تفاعلية.
طريقة العمل والفهم
يعتمد SFT على مراحل منطقية متسلسلة لمعالجة البيانات:
أ. جمع البيانات: يستخدم دالة `request.security_lower_tf()` لاستخراج بيانات من إطار زمني أدنى (مثل 1S) حتى على إطار زمني أعلى (مثل 5D). لكل وحدة زمنية، يحسب:
- الحجم المعدّل: إما الحجم العادي (volume) أو "الحجم المرجّح بالسعر" (hlc3 * volume) حسب الاختيار.
- اتجاه الصفقة: مقارنة الإغلاق الحالي بالسابق (ارتفاع → شراء، انخفاض → بيع).
ب. بناء الذاكرة المؤقتة: يحتفظ بقائمة ديناميكية (sizeHistory) لآخر 100 حجم صفقة، ويحسب المتوسط المتحرك (meanSize) باستمرار.
ج. التصنيف الذكي: يقارن كل صفقة جديدة بالمتوسط:
- > 1.5 × المتوسط → Significant.
- > 2.5 × المتوسط → Major.
- > 3.0 × المتوسط → Massive.
- فحص الأنماط المؤسسية: عدد معين من الصفقات (مثل 5) بنسبة تباين محددة (±5%) → Institutional.
د. الكشف المتقدم:
- الانعكاس: مقارنة مجموع الشراء/البيع في فترتين متتاليتين.
- الفخ: تسلسل صفقات كبيرة في اتجاه واحد يتبعها صفقة مؤسسية معاكسة.
هـ. العرض والتنبيه: عرض النتائج في جدول محدّث تلقائيًا، مع إمكانية تفعيل تنبيهات للأحداث المميزة.
لإعدادات (قابلة للتخصيص بالكامل)
يوفر SFT خيارات واسعة للتكييف مع احتياجات المتداول:
أ. إعدادات العرض:
- اللغة: English / العربية.
- موقع الجدول: 9 خيارات (مثل Top Right, Middle Right, Bottom Left).
- حجم العرض: Tiny / Small / Normal / Large.
- الحد الأقصى للصفوف: 10–100.
- تفعيل شريط دلتا التدفق: نعم / لا.
- تفعيل لوحة الإحصائيات: نعم / لا (تعرض نسبة الشراء/البيع %).
ب. الإعدادات التقنية:
- مصدر البيانات: Lower Timeframe / Live Tick (محاكاة).
- الإطار الزمني: اختياري (مثل 1S, 5S, 1).
- نوع الحساب: Volume / Price Volume.
ج. نظام الكشف الذكي:
- تفعيل كشف الأنماط المؤسسية.
- طول النمط: 3–20 صفقة.
- نسبة التباين: 1%–20%.
- عامل كشف الأوامر الضخمة: 2.0–10.0.
د. معايير التصنيف:
- عامل الأوامر المهمة: 1.2–3.0.
- عامل الأوامر الكبرى: 2.0–5.0.
هـ. الكشف المتقدم:
- تفعيل كشف الانعكاسات (مع فترة مراجعة).
- تفعيل كشف الفخاخ (مع حد أدنى للتسلسل).
و. نظام التنبيهات:
- تفعيل لكل نوع: أوامر ضخمة، أنماط مؤسسية، انعكاسات، فخاخ، عدم توازن شديد (60%–90%).
ز. نظام الألوان**: تخصيص يدوي لكل فئة:
- شراء قياسي 🟢: أخضر رمادي داكن.
- بيع قياسي 🔴: أحمر رمادي داكن.
- شراء مهم 🟢: أخضر متوسط.
- بيع مهم 🔴: أحمر متوسط.
- أوامر كبرى 🟣: بنفسجي.
- أوامر ضخمة 🟠: برتقالي.
- مؤسسي 🟦: أزرق سماوي.
- انعكاس 🔵: أزرق.
- فخ 🟣: وردي-أرجواني.
الفئات المستهدفة
يستفيد من SFT مجموعة واسعة من المتداولين والمستثمرين:
1. السكالبرز (Scalpers): كشف لحظي للأوامر الكبيرة، تحديد نقاط السيولة، تجنب الفخاخ في اللحظات الحرجة.
2. المتداولون اليوميون (Day Traders): تتبع بصمة الأموال الذكية، تحديد اتجاه الجلسة الحقيقي، كشف الانعكاسات المبكرة.
3. المتداولون المتأرجحون (Swing Traders): تأكيد قوة الاتجاه، كشف التراكم/التوزيع المؤسسي، تحديد نقاط الدخول المثلى.
4. المستثمرون: فهم معنويات السوق الحقيقية، تجنب الدخول في قمم كاذبة، تحديد مناطق القيمة الحقيقية.
⚠️ إخلاء مسؤولية:
هذا المؤشر لأغراض تعليمية وتحليلية فقط. لا يُمثل نصيحة مالية أو استثمارية أو تداولية. استخدمه بالتزامن مع استراتيجيتك الخاصة وإدارة المخاطر. لا يتحمل TradingView ولا المطور مسؤولية أي قرارات مالية أو خسائر.
Cerca negli script per "scalp"
Trend Gauge [BullByte]Trend Gauge
Summary
A multi-factor trend detection indicator that aggregates EMA alignment, VWMA momentum scaling, volume spikes, ATR breakout strength, higher-timeframe confirmation, ADX-based regime filtering, and RSI pivot-divergence penalty into one normalized trend score. It also provides a confidence meter, a Δ Score momentum histogram, divergence highlights, and a compact, scalable dashboard for at-a-glance status.
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## 1. Purpose of the Indicator
Why this was built
Traders often monitor several indicators in parallel - EMAs, volume signals, volatility breakouts, higher-timeframe trends, ADX readings, divergence alerts, etc., which can be cumbersome and sometimes contradictory. The “Trend Gauge” indicator was created to consolidate these complementary checks into a single, normalized score that reflects the prevailing market bias (bullish, bearish, or neutral) and its strength. By combining multiple inputs with an adaptive regime filter, scaling contributions by magnitude, and penalizing weakening signals (divergence), this tool aims to reduce noise, highlight genuine trend opportunities, and warn when momentum fades.
Key Design Goals
Signal Aggregation
Merged trend-following signals (EMA crossover, ATR breakout, higher-timeframe confirmation) and momentum signals (VWMA thrust, volume spikes) into a unified score that reflects directional bias more holistically.
Market Regime Awareness
Implemented an ADX-style filter to distinguish between trending and ranging markets, reducing the influence of trend signals during sideways phases to avoid false breakouts.
Magnitude-Based Scaling
Replaced binary contributions with scaled inputs: VWMA thrust and ATR breakout are weighted relative to recent averages, allowing for more nuanced score adjustments based on signal strength.
Momentum Divergence Penalty
Integrated pivot-based RSI divergence detection to slightly reduce the overall score when early signs of momentum weakening are detected, improving risk-awareness in entries.
Confidence Transparency
Added a live confidence metric that shows what percentage of enabled sub-indicators currently agree with the overall bias, making the scoring system more interpretable.
Momentum Acceleration Visualization
Plotted the change in score (Δ Score) as a histogram bar-to-bar, highlighting whether momentum is increasing, flattening, or reversing, aiding in more timely decision-making.
Compact Informational Dashboard
Presented a clean, scalable dashboard that displays each component’s status, the final score, confidence %, detected regime (Trending/Ranging), and a labeled strength gauge for quick visual assessment.
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## 2. Why a Trader Should Use It
Main benefits and use cases
1. Unified View: Rather than juggling multiple windows or panels, this indicator delivers a single score synthesizing diverse signals.
2. Regime Filtering: In ranging markets, trend signals often generate false entries. The ADX-based regime filter automatically down-weights trend-following components, helping you avoid chasing false breakouts.
3. Nuanced Momentum & Volatility: VWMA and ATR breakout contributions are normalized by recent averages, so strong moves register strongly while smaller fluctuations are de-emphasized.
4. Early Warning of Weakening: Pivot-based RSI divergence is detected and used to slightly reduce the score when price/momentum diverges, giving a cautionary signal before a full reversal.
5. Confidence Meter: See at a glance how many sub-indicators align with the aggregated bias (e.g., “80% confidence” means 4 out of 5 components agree ). This transparency avoids black-box decisions.
6. Trend Acceleration/Deceleration View: The Δ Score histogram visualizes whether the aggregated score is rising (accelerating trend) or falling (momentum fading), supplementing the main oscillator.
7. Compact Dashboard: A corner table lists each check’s status (“Bull”, “Bear”, “Flat” or “Disabled”), plus overall Score, Confidence %, Regime, Trend Strength label, and a gauge bar. Users can scale text size (Normal, Small, Tiny) without removing elements, so the full picture remains visible even in compact layouts.
8. Customizable & Transparent: All components can be enabled/disabled and parameterized (lengths, thresholds, weights). The full Pine code is open and well-commented, letting users inspect or adapt the logic.
9. Alert-ready: Built-in alert conditions fire when the score crosses weak thresholds to bullish/bearish or returns to neutral, enabling timely notifications.
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## 3. Component Rationale (“Why These Specific Indicators?”)
Each sub-component was chosen because it adds complementary information about trend or momentum:
1. EMA Cross
o Basic trend measure: compares a faster EMA vs. a slower EMA. Quickly reflects trend shifts but by itself can whipsaw in sideways markets.
2. VWMA Momentum
o Volume-weighted moving average change indicates momentum with volume context. By normalizing (dividing by a recent average absolute change), we capture the strength of momentum relative to recent history. This scaling prevents tiny moves from dominating and highlights genuinely strong momentum.
3. Volume Spikes
o Sudden jumps in volume combined with price movement often accompany stronger moves or reversals. A binary detection (+1 for bullish spike, -1 for bearish spike) flags high-conviction bars.
4. ATR Breakout
o Detects price breaking beyond recent highs/lows by a multiple of ATR. Measures breakout strength by how far beyond the threshold price moves relative to ATR, capped to avoid extreme outliers. This gives a volatility-contextual trend signal.
5. Higher-Timeframe EMA Alignment
o Confirms whether the shorter-term trend aligns with a higher timeframe trend. Uses request.security with lookahead_off to avoid future data. When multiple timeframes agree, confidence in direction increases.
6. ADX Regime Filter (Manual Calculation)
o Computes directional movement (+DM/–DM), smoothes via RMA, computes DI+ and DI–, then a DX and ADX-like value. If ADX ≥ threshold, market is “Trending” and trend components carry full weight; if ADX < threshold, “Ranging” mode applies a configurable weight multiplier (e.g., 0.5) to trend-based contributions, reducing false signals in sideways conditions. Volume spikes remain binary (optional behavior; can be adjusted if desired).
7. RSI Pivot-Divergence Penalty
o Uses ta.pivothigh / ta.pivotlow with a lookback to detect pivot highs/lows on price and corresponding RSI values. When price makes a higher high but RSI makes a lower high (bearish divergence), or price makes a lower low but RSI makes a higher low (bullish divergence), a divergence signal is set. Rather than flipping the trend outright, the indicator subtracts (or adds) a small penalty (configurable) from the aggregated score if it would weaken the current bias. This subtle adjustment warns of weakening momentum without overreacting to noise.
8. Confidence Meter
o Counts how many enabled components currently agree in direction with the aggregated score (i.e., component sign × score sign > 0). Displays this as a percentage. A high percentage indicates strong corroboration; a low percentage warns of mixed signals.
9. Δ Score Momentum View
o Plots the bar-to-bar change in the aggregated score (delta_score = score - score ) as a histogram. When positive, bars are drawn in green above zero; when negative, bars are drawn in red below zero. This reveals acceleration (rising Δ) or deceleration (falling Δ), supplementing the main oscillator.
10. Dashboard
• A table in the indicator pane’s top-right with 11 rows:
1. EMA Cross status
2. VWMA Momentum status
3. Volume Spike status
4. ATR Breakout status
5. Higher-Timeframe Trend status
6. Score (numeric)
7. Confidence %
8. Regime (“Trending” or “Ranging”)
9. Trend Strength label (e.g., “Weak Bullish Trend”, “Strong Bearish Trend”)
10. Gauge bar visually representing score magnitude
• All rows always present; size_opt (Normal, Small, Tiny) only changes text size via text_size, not which elements appear. This ensures full transparency.
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## 4. What Makes This Indicator Stand Out
• Regime-Weighted Multi-Factor Score: Trend and momentum signals are adaptively weighted by market regime (trending vs. ranging) , reducing false signals.
• Magnitude Scaling: VWMA and ATR breakout contributions are normalized by recent average momentum or ATR, giving finer gradation compared to simple ±1.
• Integrated Divergence Penalty: Divergence directly adjusts the aggregated score rather than appearing as a separate subplot; this influences alerts and trend labeling in real time.
• Confidence Meter: Shows the percentage of sub-signals in agreement, providing transparency and preventing blind trust in a single metric.
• Δ Score Histogram Momentum View: A histogram highlights acceleration or deceleration of the aggregated trend score, helping detect shifts early.
• Flexible Dashboard: Always-visible component statuses and summary metrics in one place; text size scaling keeps the full picture available in cramped layouts.
• Lookahead-Safe HTF Confirmation: Uses lookahead_off so no future data is accessed from higher timeframes, avoiding repaint bias.
• Repaint Transparency: Divergence detection uses pivot functions that inherently confirm only after lookback bars; description documents this lag so users understand how and when divergence labels appear.
• Open-Source & Educational: Full, well-commented Pine v6 code is provided; users can learn from its structure: manual ADX computation, conditional plotting with series = show ? value : na, efficient use of table.new in barstate.islast, and grouped inputs with tooltips.
• Compliance-Conscious: All plots have descriptive titles; inputs use clear names; no unnamed generic “Plot” entries; manual ADX uses RMA; all request.security calls use lookahead_off. Code comments mention repaint behavior and limitations.
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## 5. Recommended Timeframes & Tuning
• Any Timeframe: The indicator works on small (e.g., 1m) to large (daily, weekly) timeframes. However:
o On very low timeframes (<1m or tick charts), noise may produce frequent whipsaws. Consider increasing smoothing lengths, disabling certain components (e.g., volume spike if volume data noisy), or using a larger pivot lookback for divergence.
o On higher timeframes (daily, weekly), consider longer lookbacks for ATR breakout or divergence, and set Higher-Timeframe trend appropriately (e.g., 4H HTF when on 5 Min chart).
• Defaults & Experimentation: Default input values are chosen to be balanced for many liquid markets. Users should test with replay or historical analysis on their symbol/timeframe and adjust:
o ADX threshold (e.g., 20–30) based on instrument volatility.
o VWMA and ATR scaling lengths to match average volatility cycles.
o Pivot lookback for divergence: shorter for faster markets, longer for slower ones.
• Combining with Other Analysis: Use in conjunction with price action, support/resistance, candlestick patterns, order flow, or other tools as desired. The aggregated score and alerts can guide attention but should not be the sole decision-factor.
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## 6. How Scoring and Logic Works (Step-by-Step)
1. Compute Sub-Scores
o EMA Cross: Evaluate fast EMA > slow EMA ? +1 : fast EMA < slow EMA ? -1 : 0.
o VWMA Momentum: Calculate vwma = ta.vwma(close, length), then vwma_mom = vwma - vwma . Normalize: divide by recent average absolute momentum (e.g., ta.sma(abs(vwma_mom), lookback)), clip to .
o Volume Spike: Compute vol_SMA = ta.sma(volume, len). If volume > vol_SMA * multiplier AND price moved up ≥ threshold%, assign +1; if moved down ≥ threshold%, assign -1; else 0.
o ATR Breakout: Determine recent high/low over lookback. If close > high + ATR*mult, compute distance = close - (high + ATR*mult), normalize by ATR, cap at a configured maximum. Assign positive contribution. Similarly for bearish breakout below low.
o Higher-Timeframe Trend: Use request.security(..., lookahead=barmerge.lookahead_off) to fetch HTF EMAs; assign +1 or -1 based on alignment.
2. ADX Regime Weighting
o Compute manual ADX: directional movements (+DM, –DM), smoothed via RMA, DI+ and DI–, then DX and ADX via RMA. If ADX ≥ threshold, market is considered “Trending”; otherwise “Ranging.”
o If trending, trend-based contributions (EMA, VWMA, ATR, HTF) use full weight = 1.0. If ranging, use weight = ranging_weight (e.g., 0.5) to down-weight them. Volume spike stays binary ±1 (optional to change if desired).
3. Aggregate Raw Score
o Sum weighted contributions of all enabled components. Count the number of enabled components; if zero, default count = 1 to avoid division by zero.
4. Divergence Penalty
o Detect pivot highs/lows on price and corresponding RSI values, using a lookback. When price and RSI diverge (bearish or bullish divergence), check if current raw score is in the opposing direction:
If bearish divergence (price higher high, RSI lower high) and raw score currently positive, subtract a penalty (e.g., 0.5).
If bullish divergence (price lower low, RSI higher low) and raw score currently negative, add a penalty.
o This reduces score magnitude to reflect weakening momentum, without flipping the trend outright.
5. Normalize and Smooth
o Normalized score = (raw_score / number_of_enabled_components) * 100. This yields a roughly range.
o Optional EMA smoothing of this normalized score to reduce noise.
6. Interpretation
o Sign: >0 = net bullish bias; <0 = net bearish bias; near zero = neutral.
o Magnitude Zones: Compare |score| to thresholds (Weak, Medium, Strong) to label trend strength (e.g., “Weak Bullish Trend”, “Medium Bearish Trend”, “Strong Bullish Trend”).
o Δ Score Histogram: The histogram bars from zero show change from previous bar’s score; positive bars indicate acceleration, negative bars indicate deceleration.
o Confidence: Percentage of sub-indicators aligned with the score’s sign.
o Regime: Indicates whether trend-based signals are fully weighted or down-weighted.
________________________________________
## 7. Oscillator Plot & Visualization: How to Read It
Main Score Line & Area
The oscillator plots the aggregated score as a line, with colored fill: green above zero for bullish area, red below zero for bearish area. Horizontal reference lines at ±Weak, ±Medium, and ±Strong thresholds mark zones: crossing above +Weak suggests beginning of bullish bias, above +Medium for moderate strength, above +Strong for strong trend; similarly for bearish below negative thresholds.
Δ Score Histogram
If enabled, a histogram shows score - score . When positive, bars appear in green above zero, indicating accelerating bullish momentum; when negative, bars appear in red below zero, indicating decelerating or reversing momentum. The height of each bar reflects the magnitude of change in the aggregated score from the prior bar.
Divergence Highlight Fill
If enabled, when a pivot-based divergence is confirmed:
• Bullish Divergence : fill the area below zero down to –Weak threshold in green, signaling potential reversal from bearish to bullish.
• Bearish Divergence : fill the area above zero up to +Weak threshold in red, signaling potential reversal from bullish to bearish.
These fills appear with a lag equal to pivot lookback (the number of bars needed to confirm the pivot). They do not repaint after confirmation, but users must understand this lag.
Trend Direction Label
When score crosses above or below the Weak threshold, a small label appears near the score line reading “Bullish” or “Bearish.” If the score returns within ±Weak, the label “Neutral” appears. This helps quickly identify shifts at the moment they occur.
Dashboard Panel
In the indicator pane’s top-right, a table shows:
1. EMA Cross status: “Bull”, “Bear”, “Flat”, or “Disabled”
2. VWMA Momentum status: similarly
3. Volume Spike status: “Bull”, “Bear”, “No”, or “Disabled”
4. ATR Breakout status: “Bull”, “Bear”, “No”, or “Disabled”
5. Higher-Timeframe Trend status: “Bull”, “Bear”, “Flat”, or “Disabled”
6. Score: numeric value (rounded)
7. Confidence: e.g., “80%” (colored: green for high, amber for medium, red for low)
8. Regime: “Trending” or “Ranging” (colored accordingly)
9. Trend Strength: textual label based on magnitude (e.g., “Medium Bullish Trend”)
10. Gauge: a bar of blocks representing |score|/100
All rows remain visible at all times; changing Dashboard Size only scales text size (Normal, Small, Tiny).
________________________________________
## 8. Example Usage (Illustrative Scenario)
Example: BTCUSD 5 Min
1. Setup: Add “Trend Gauge ” to your BTCUSD 5 Min chart. Defaults: EMAs (8/21), VWMA 14 with lookback 3, volume spike settings, ATR breakout 14/5, HTF = 5m (or adjust to 4H if preferred), ADX threshold 25, ranging weight 0.5, divergence RSI length 14 pivot lookback 5, penalty 0.5, smoothing length 3, thresholds Weak=20, Medium=50, Strong=80. Dashboard Size = Small.
2. Trend Onset: At some point, price breaks above recent high by ATR multiple, volume spikes upward, faster EMA crosses above slower EMA, HTF EMA also bullish, and ADX (manual) ≥ threshold → aggregated score rises above +20 (Weak threshold) into +Medium zone. Dashboard shows “Bull” for EMA, VWMA, Vol Spike, ATR, HTF; Score ~+60–+70; Confidence ~100%; Regime “Trending”; Trend Strength “Medium Bullish Trend”; Gauge ~6–7 blocks. Δ Score histogram bars are green and rising, indicating accelerating bullish momentum. Trader notes the alignment.
3. Divergence Warning: Later, price makes a slightly higher high but RSI fails to confirm (lower RSI high). Pivot lookback completes; the indicator highlights a bearish divergence fill above zero and subtracts a small penalty from the score, causing score to stall or retrace slightly. Dashboard still bullish but score dips toward +Weak. This warns the trader to tighten stops or take partial profits.
4. Trend Weakens: Score eventually crosses below +Weak back into neutral; a “Neutral” label appears, and a “Neutral Trend” alert fires if enabled. Trader exits or avoids new long entries. If score subsequently crosses below –Weak, a “Bearish” label and alert occur.
5. Customization: If the trader finds VWMA noise too frequent on this instrument, they may disable VWMA or increase lookback. If ATR breakouts are too rare, adjust ATR length or multiplier. If ADX threshold seems off, tune threshold. All these adjustments are explained in Inputs section.
6. Visualization: The screenshot shows the main score oscillator with colored areas, reference lines at ±20/50/80, Δ Score histogram bars below/above zero, divergence fill highlighting potential reversal, and the dashboard table in the top-right.
________________________________________
## 9. Inputs Explanation
A concise yet clear summary of inputs helps users understand and adjust:
1. General Settings
• Theme (Dark/Light): Choose background-appropriate colors for the indicator pane.
• Dashboard Size (Normal/Small/Tiny): Scales text size only; all dashboard elements remain visible.
2. Indicator Settings
• Enable EMA Cross: Toggle on/off basic EMA alignment check.
o Fast EMA Length and Slow EMA Length: Periods for EMAs.
• Enable VWMA Momentum: Toggle VWMA momentum check.
o VWMA Length: Period for VWMA.
o VWMA Momentum Lookback: Bars to compare VWMA to measure momentum.
• Enable Volume Spike: Toggle volume spike detection.
o Volume SMA Length: Period to compute average volume.
o Volume Spike Multiplier: How many times above average volume qualifies as spike.
o Min Price Move (%): Minimum percent change in price during spike to qualify as bullish or bearish.
• Enable ATR Breakout: Toggle ATR breakout detection.
o ATR Length: Period for ATR.
o Breakout Lookback: Bars to look back for recent highs/lows.
o ATR Multiplier: Multiplier for breakout threshold.
• Enable Higher Timeframe Trend: Toggle HTF EMA alignment.
o Higher Timeframe: E.g., “5” for 5-minute when on 1-minute chart, or “60” for 5 Min when on 15m, etc. Uses lookahead_off.
• Enable ADX Regime Filter: Toggles regime-based weighting.
o ADX Length: Period for manual ADX calculation.
o ADX Threshold: Value above which market considered trending.
o Ranging Weight Multiplier: Weight applied to trend components when ADX < threshold (e.g., 0.5).
• Scale VWMA Momentum: Toggle normalization of VWMA momentum magnitude.
o VWMA Mom Scale Lookback: Period for average absolute VWMA momentum.
• Scale ATR Breakout Strength: Toggle normalization of breakout distance by ATR.
o ATR Scale Cap: Maximum multiple of ATR used for breakout strength.
• Enable Price-RSI Divergence: Toggle divergence detection.
o RSI Length for Divergence: Period for RSI.
o Pivot Lookback for Divergence: Bars on each side to identify pivot high/low.
o Divergence Penalty: Amount to subtract/add to score when divergence detected (e.g., 0.5).
3. Score Settings
• Smooth Score: Toggle EMA smoothing of normalized score.
• Score Smoothing Length: Period for smoothing EMA.
• Weak Threshold: Absolute score value under which trend is considered weak or neutral.
• Medium Threshold: Score above Weak but below Medium is moderate.
• Strong Threshold: Score above this indicates strong trend.
4. Visualization Settings
• Show Δ Score Histogram: Toggle display of the bar-to-bar change in score as a histogram. Default true.
• Show Divergence Fill: Toggle background fill highlighting confirmed divergences. Default true.
Each input has a tooltip in the code.
________________________________________
## 10. Limitations, Repaint Notes, and Disclaimers
10.1. Repaint & Lag Considerations
• Pivot-Based Divergence Lag: The divergence detection uses ta.pivothigh / ta.pivotlow with a specified lookback. By design, a pivot is only confirmed after the lookback number of bars. As a result:
o Divergence labels or fills appear with a delay equal to the pivot lookback.
o Once the pivot is confirmed and the divergence is detected, the fill/label does not repaint thereafter, but you must understand and accept this lag.
o Users should not treat divergence highlights as predictive signals without additional confirmation, because they appear after the pivot has fully formed.
• Higher-Timeframe EMA Alignment: Uses request.security(..., lookahead=barmerge.lookahead_off), so no future data from the higher timeframe is used. This avoids lookahead bias and ensures signals are based only on completed higher-timeframe bars.
• No Future Data: All calculations are designed to avoid using future information. For example, manual ADX uses RMA on past data; security calls use lookahead_off.
10.2. Market & Noise Considerations
• In very choppy or low-liquidity markets, some components (e.g., volume spikes or VWMA momentum) may be noisy. Users can disable or adjust those components’ parameters.
• On extremely low timeframes, noise may dominate; consider smoothing lengths or disabling certain features.
• On very high timeframes, pivots and breakouts occur less frequently; adjust lookbacks accordingly to avoid sparse signals.
10.3. Not a Standalone Trading System
• This is an indicator, not a complete trading strategy. It provides signals and context but does not manage entries, exits, position sizing, or risk management.
• Users must combine it with their own analysis, money management, and confirmations (e.g., price patterns, support/resistance, fundamental context).
• No guarantees: past behavior does not guarantee future performance.
10.4. Disclaimers
• Educational Purposes Only: The script is provided as-is for educational and informational purposes. It does not constitute financial, investment, or trading advice.
• Use at Your Own Risk: Trading involves risk of loss. Users should thoroughly test and use proper risk management.
• No Guarantees: The author is not responsible for trading outcomes based on this indicator.
• License: Published under Mozilla Public License 2.0; code is open for viewing and modification under MPL terms.
________________________________________
## 11. Alerts
• The indicator defines three alert conditions:
1. Bullish Trend: when the aggregated score crosses above the Weak threshold.
2. Bearish Trend: when the score crosses below the negative Weak threshold.
3. Neutral Trend: when the score returns within ±Weak after being outside.
Good luck
– BullByte
5DMA Optional HMA Entry📈 5DMA Optional HMA Entry Signal – Precision-Based Momentum Trigger
Category: Trend-Following / Reversal Timing / Entry Optimization
🔍 Overview:
The 5DMA Optional HMA Entry indicator is a refined price-action entry tool built for traders who rely on clean trend alignment and precise timing. This script identifies breakout-style entry points when price gains upward momentum relative to short-term moving averages — specifically the 5-day Simple Moving Average (5DMA) and an optional Hull Moving Average (HMA).
Whether you're swing trading stocks, scalping ETFs like UVXY or VXX, or looking for pullback recovery entries, this tool helps time your long entries with clarity and flexibility.
⚙️ Core Logic:
Primary Condition (Always On):
🔹 Close must be above the 5DMA – ensuring upward short-term momentum is confirmed.
Optional Condition (Toggled by User):
🔹 Close above the HMA – adds slope-responsive trend filtering for smoother setups. Enable or disable via checkbox.
Bonus Entry Filter (Optional):
🔹 Green Candle Wick Breakout – optional pattern logic that detects bullish momentum when the high pierces above both MAs, with a green body.
Reset Mechanism:
🔁 Signal resets only after price closes back below all active MAs (5DMA and HMA if enabled), reducing noise and avoiding repeated signals during chop.
🧠 Why This Works:
This indicator captures the kind of setups that professional traders look for:
Momentum crossovers without chasing late.
Mean reversion snapbacks that align with fresh bullish moves.
Avoids premature entries by requiring clear structure above moving averages.
Optional HMA filter allows adaptability: turn it off during choppy markets or range conditions, and on during trending environments.
🔔 Features:
✅ Adjustable HMA Length
✅ Enable/Disable HMA Filter
✅ Optional Green Wick Breakout Detection
✅ Visual “Buy” label plotted below qualifying bars
✅ Real-time Alert Conditions for automated trading or manual alerts
🎯 Use Cases:
VIX-based ETFs (e.g., UVXY, VXX): Catch early breakouts aligned with volatility spikes.
Growth Stocks: Time pullback entries during bullish runs.
Futures/Indices: Combine with macro levels for intraday scalps or swing setups.
Overlay on Trend Filters: Combine with RSI, MACD, or VWAP for confirmation.
🛠️ Recommended Settings:
For smooth setups in volatile names, use:
HMA Length: 20
Keep green wick filter ON
For fast momentum trades, disable the HMA filter to act on 5DMA alone.
⭐ Final Thoughts:
This script is built to serve both systematic traders and discretionary scalpers who want actionable signals without noise or lag. The toggleable HMA feature lets you adjust sensitivity depending on market conditions — a key edge in adapting to volatility cycles.
Perfect for those who value clean, non-repainting entries rooted in logical structure.
TICK Extreme Levels & AlertsAutomatically draws horizontal lines at +1000 and -1000 TICK levels
Sends alerts when TICK crosses those levels (for potential scalping/reversal setups)
Strategy: How to Use TICK in Real-Time Trading
1. Confirm Market Breadth
Use TICK to confirm broad participation in the move:
• Long S&P futures or SPY? Only buy breakouts if TICK is above +600 to +1000
• Shorting? Confirm with TICK below –600 to –1000
2. Fade Extremes for Scalps
Look for reversals at extreme levels:
• Fade +1200+: market likely overbought short term → scalp short
• Fade –1200–: market likely oversold → scalp long
Use in combo with other signals (like price exhaustion, candlestick reversal, or VWAP touches)
3. Avoid Trading in the Choppy Zone
If TICK remains between –400 and +400, institutions are not committed. This is where fakeouts are common.
4. Time Entries with TICK Swings
For example:
• TICK moves from –800 to +600 = momentum shift → look for long entries
• TICK stalling around +1000 = momentum climax → partial profit or fade play
Swing-Based Volatility IndexSwing-Based Volatility Index
This indicator helps traders quickly determine whether the market has moved enough over the past few hours to justify scalping.
It measures the percentage price swing (high to low) over a configurable time window (e.g., last 4–8 hours) and compares it to a minimum threshold (e.g., 1%).
✅ If the percent move exceeds the threshold → Market is volatile enough to scalp (green background).
🚫 If it's below the threshold → Market is too quiet (red background).
Features:
Adjustable lookback period in hours
Custom threshold for volatility sensitivity
Automatically adapts to the current chart timeframe
This tool is ideal for scalpers and short-term traders who want to avoid entering trades in low-volatility environments.
Multi-Timeframe EMAs with Cross Alerts (Up & Down)📌 Indicator Name:
Multi-Timeframe EMAs with Cross Alerts (Up & Down)
🛠️ Core Features:
✅ 1. Multi-Timeframe EMA Display
The script calculates and displays 6 different Exponential Moving Averages (EMAs).
Each EMA has:
Custom length input (e.g., 9, 21, etc.).
Custom timeframe selection (e.g., 1H, 4H, 1D).
Custom color for easy identification on the chart.
✅ 2. EMA Visualization
Each of the six EMAs is plotted on the chart using the selected color and thickness.
They respond dynamically to different timeframes (current or higher/lower).
✅ 3. Cross Detection Logic
The script can detect crossover and crossunder between EMA pairs:
EMA 1 and EMA 2
EMA 3 and EMA 4
EMA 5 and EMA 6
(Optional: can be extended to other combinations.)
✅ 4. Alert Toggles
Users can enable or disable alerts for each pair independently:
Alert: EMA 1 crosses EMA 2
Alert: EMA 3 crosses EMA 4
Alert: EMA 5 crosses EMA 6
(You added an additional option for EMA 4 vs EMA 6 later.)
✅ 5. Visual Alert Markers
The script uses alert() function to send alert messages when:
An EMA crosses above another (crossover)
An EMA crosses below another (crossunder)
Alerts include clear icons like 🔼 and 🔽 in the messages.
🔔 Use Case Scenarios
Swing traders: Identify longer-term cross signals on higher timeframes.
Scalpers: Use lower-timeframe EMAs with fast alert reactions.
Multi-timeframe analysis: Spot alignment between trend-following EMAs across different periods.
✅ Bonus
Fully customizable — great for adapting to your own strategy, whether it's trend confirmation, re-entry signals, or early reversals
📌 اسم المؤشر:
المتوسطات المتحركة الأسية (EMA) متعددة الفريمات مع تنبيهات تقاطع صاعدة وهابطة
🛠️ الميزات الأساسية:
✅ 1. دعم متعدد للفريمات الزمنية
يقوم السكربت بحساب وعرض 6 متوسطات متحركة أسية (EMA) مختلفة.
يمكن تخصيص كل EMA من حيث:
الطول (مثل: 9، 21...).
الفريم الزمني (مثل: الساعة، الأربع ساعات، اليومي...).
اللون، لتسهيل التمييز بين الخطوط على الشارت.
✅ 2. عرض المتوسطات على الرسم البياني
يتم رسم كل من المتوسطات الستة باستخدام اللون والتنسيق الذي تختاره.
المتوسطات تتفاعل تلقائيًا مع التغييرات في الفريم الزمني.
✅ 3. كشف التقاطعات
يمكن للسكربت كشف تقاطعات (صعودًا أو هبوطًا) بين أزواج المتوسطات التالية:
EMA 1 و EMA 2
EMA 3 و EMA 4
EMA 5 و EMA 6
(ويمكنك إضافة المزيد مثل EMA 4 مع EMA 6 حسب الحاجة)
✅ 4. التحكم في التنبيهات
يمكن للمستخدم تفعيل أو تعطيل التنبيهات لكل زوج من المتوسطات على حدة:
تنبيه عند تقاطع EMA 1 و EMA 2
تنبيه عند تقاطع EMA 3 و EMA 4
تنبيه عند تقاطع EMA 5 و EMA 6
(وأي أزواج إضافية يتم إضافتها لاحقًا)
✅ 5. تنبيهات مرئية برسائل واضحة
السكربت يرسل تنبيهات عبر وظيفة alert() عند حدوث:
تقاطع صاعد (EMA يتقاطع من الأسفل إلى الأعلى).
تقاطع هابط (EMA يتقاطع من الأعلى إلى الأسفل).
التنبيه يحتوي على رموز توضيحية مثل 🔼 و 🔽 ليسهل قراءته.
🎯 مناسب لـ:
المتداولين المتأرجحين (Swing Traders): لاكتشاف تقاطعات على الفريمات الكبرى.
المضاربين (Scalpers): باستخدام EMA سريعة على فريمات صغيرة مع تنبيهات فورية.
محللي الفريمات المتعددة: لتأكيد الاتجاه أو الانعكاس بناءً على تقاطع متوسطات من فريمات مختلفة.
✅ مزايا إضافية:
قابل للتخصيص بشكل كامل حسب استراتيجيتك.
مناسب لعدة أساليب: تأكيد الترند، إعادة الدخول، أو إشارات الانعكاس المبكر.
Liquidity Volume Panel Liquidity Volume Panel – Precision Tool for Scalpers & Intraday Traders
This panel is designed to help traders quickly identify volume-driven moves, liquidity events, and fair-value zones. It combines classic volume analysis with enhanced tools like RVOL and VWAP deviation bands, making it ideal for scalping, momentum trading, and intraday strategies.
🔍 Included Features:
✅ Relative Volume (RVOL) Indicator
Displays current volume in relation to its 20-period average – excellent for spotting low-activity zones or high-pressure breakouts.
✅ Dynamic Volume Coloring & Spike Detection
Color-coded volume logic highlights normal, strong, and extremely high volume, with visual markers for volume spikes (>200% of average).
✅ VWAP with ±1σ & ±2σ Bands
Industry-standard deviation bands show overbought/oversold conditions and dynamic support/resistance based on volume-weighted pricing.
✅ Background Highlighting
Subtle orange background alerts you when volume surges beyond extreme levels – making liquidity clusters instantly recognizable.
Usage:
Use this panel as a decision-making tool for entries, reversals, or breakouts – especially in fast-moving markets.
Best used on lower timeframes for precision scalping.
Donchian Channel Trend Tracker by KellyLikesCrypto### Overview
This indicator is written in Pine Script® (version 6) and is designed to overlay on a price chart. It combines the classic Donchian Channel—a tool popular among trend-following traders—with additional trend-tracking features. By identifying when the channel’s highs and lows are making new extreme values, the indicator helps signal potential trend shifts. It is especially suited for scalpers using 1-hour charts, as it provides clear, actionable signals for rapid entry and exit decisions.
---
### Key Components & Inputs
1. **User Inputs:**
- **Length:** The period over which the indicator calculates the highest high and the lowest low (default is 27 bars). This value can be adjusted to smooth or tighten the channel based on the trader’s preference.
- **Offset:** A parameter allowing the plotted lines to be shifted left or right on the chart, providing flexibility in aligning the indicator with price action.
2. **Donchian Channel Calculations:**
- **Lower Bound (`lower`):** Calculated using `ta.lowest(length)`, it identifies the lowest low over the defined period.
- **Upper Bound (`upper`):** Determined by `ta.highest(length)`, capturing the highest high during the same period.
- **Basis:** The midline of the channel, computed as the average of the upper and lower bounds. This line can serve as an equilibrium or reference point in the trend analysis.
---
### Visual Representation
- **Plotting the Channels:**
- The **basis** is plotted in a standout orange color (#FF6D00) to make the central trend reference easily visible.
- The **upper** and **lower** bounds are plotted in blue (#2962FF), creating clear boundaries for the price action.
- The area between these two lines is filled with a semi-transparent blue, enhancing the visual context of the channel and helping traders quickly assess whether price is near an extreme or within a normal range.
---
### Trend Identification Logic
Beyond plotting the basic Donchian Channel, the indicator introduces additional logic to track short-term trend changes:
1. **Higher Highs and Higher Lows:**
- **Higher High (`higherHigh`):** This condition checks if the current upper bound is greater than the previous bar’s upper bound, signaling a potential upward push.
- **Higher Low (`higherLow`):** Similarly, it checks if the current lower bound exceeds the previous bar’s lower bound, reinforcing an upward trend if the support level is rising.
2. **Lower Highs and Lower Lows:**
- **Lower High (`lowerHigh`):** This evaluates if the current upper bound is less than that of the previous bar, indicating a possible downward shift.
- **Lower Low (`lowerLow`):** It verifies if the current lower bound is lower than the previous bar’s, further confirming a bearish tendency.
The use of the `nz()` function ensures that on the very first bar—where no previous data exists—the code handles the values gracefully without causing errors.
---
### Visual Markers for Trend Signals
To make trend signals immediately apparent:
- **Markers are Plotted on the Chart:**
- **Green Labels ("HH" and "HL"):** These are placed on the chart when the indicator detects higher highs or higher lows, suggesting bullish momentum.
- **Red Labels ("LH" and "LL"):** These markers are shown when lower highs or lower lows are detected, indicating bearish pressure.
Each label is plotted either above or below the corresponding bar, ensuring that the chart remains uncluttered and that the trend signals are clear.
---
### Scalping Strategy on 1-Hour Charts
This indicator is specifically tailored for scalping strategies on 1-hour charts. Scalping involves capturing small, rapid profits from short-term price movements, and the clear trend signals provided by this tool can help traders pinpoint optimal entry and exit points. Here’s how it integrates into a scalping strategy:
- **Quick Trend Identification:** The green markers (HH and HL) suggest bullish conditions ideal for quick long entries, while the red markers (LH and LL) signal bearish conditions suitable for short entries.
- **Timing and Precision:** On a 1-hour chart, the indicator’s sensitivity to higher highs and lower lows allows traders to make rapid decisions aligned with the prevailing trend.
- **Complementary Analysis:** While the indicator provides fast signals, it is recommended to use it alongside additional tools (like oscillators or volume analysis) and strict risk management practices, ensuring that scalpers can confirm entries and exits efficiently.
By leveraging the indicator’s visual cues within a broader scalping framework, traders can enhance their ability to capture quick moves, thus optimizing their overall strategy on 1-hour timeframes.
---
### Conclusion
The “Donchian Channel Trend Tracker by KellyLikesCrypto” is a powerful tool for visualizing price extremes and trend direction. By combining the classical Donchian Channel with additional trend-tracking markers, it offers traders a clear and immediate way to assess whether the market is gaining bullish momentum or beginning to turn bearish. Its customizable parameters and clear visual signals make it particularly effective for a scalping strategy on 1-hour charts, where rapid decision-making is crucial.
This detailed breakdown should provide a comprehensive understanding of how each component of the indicator works together and how it can be effectively integrated into a short-term scalping strategy.
Reversal rehersal v1This indicator was designed to identify potential market reversal zones using a combination of RSI thresholds (shooting range/falling range), candlestick patterns, and Fair Value Gaps (FVGs). By combining all these elements into one indicator, it allow for outputting high probability buy/sell signals for use by scalpers on low timeframes like 1-15 mins, for quick but small profits.
Note: that this has been mainly tested on DE40 index on the 1 min timeframe, and need to be adjusted to whichever timeframe and symbol you intend to use. Refer to the backtester feature for checking if this indicator may work for you.
The indicator use RSI ranges from two timeframes to highlight where momentum is building up. During these areas, it will look for certain candlestick patterns (Sweeps as the primary one) and check for existance of fair value gaps to further enhance the hitrate of the signal.
The logic for FVG detection was based on ©pmk07's work with MTF FVG tiny indicator. Several major changes was implemented though and incorporated into this indicator. Among these are:
Automatically adjustments of FVG boxes when mitigated partially and options to extend/cull boxes for performance and clarity.
Backtesting Table (Experimental):
This indicator also features an optional simplified table to review historical theoretical performance of signals, including win rate, profit/loss, and trade statistics. This does not take commision or slippage into consideration.
Usage Notes:
Setup:
1. Add the indicator to your chart.
2. Decide if you want to use Long or Short (or both).
3. If you're scalping on ie. 1 min time frame, make sure to set FVG's to higher timeframes (ie. 5, 15, 60).
4. Enable the 'Show backtest results' and adjust the 'Signals' og 'Take profit' and 'Stop loss' values until you are satisfied with the results.
Use:
1. Setup an alert based on either of the 'BullishShooting range' or 'BearishFalling range' alerts. This will draw your attention to watch for the possible setups.
2. Verify if there's a significant imbalance prior to the signal before taking the trade. Otherwise this may invalidate the setup.
3. Once a signal is shown on the graph (either Green arrow up for buys/Red arrow down for sells) - you should enter a trade with the given 'Take profit' and 'Stop loss' values.
4. (optional) Setup an alert for either the Strong/Weak signals. Which corresponds to when one of the arrows are printed.
Important: This is the way I use it myself, but use at own risk and remember to combine with other indicators for further confluence. Remember this is no crystal ball and I do not guarantee profitable results. The indicator merely show signals with high probability setups for scalping.
Uptrick: SMA Pivot Marker### Uptrick: SMA Pivot Marker (SPM) — Extensive Guide
#### Introduction
The **Uptrick: SMA Pivot Marker (SPM)** is a sophisticated technical analysis tool crafted by Uptrick to help traders interpret market trends and identify key price levels where significant reversals might occur. By integrating the principles of the Simple Moving Average (SMA) with pivot point analysis, the SPM offers a comprehensive approach to understanding market dynamics. This extensive guide explores the purpose, functionality, and practical applications of the SPM, providing an in-depth analysis of its features, settings, and usage across various trading strategies.
#### Purpose of the SPM
The **SMA Pivot Marker (SPM)** aims to enhance trading strategies by offering a dual approach to market analysis:
1. **Trend Identification**:
- **Objective**: To discern the prevailing market direction and guide trading decisions based on the overall trend.
- **Method**: Utilizes the SMA to smooth out price fluctuations, providing a clearer picture of the trend. This helps traders align their trades with the market's direction, increasing the probability of successful trades.
2. **Pivot Point Detection**:
- **Objective**: To identify key levels where the price is likely to reverse, providing potential support and resistance zones.
- **Method**: Calculates and marks pivot highs and lows, which are significant price points where previous trends have reversed. These levels are used to predict future price movements and establish trading strategies.
3. **Trend Change Alerts**:
- **Objective**: To notify traders of potential shifts in market direction, enabling timely adjustments to trading positions.
- **Method**: Detects and highlights crossover and crossunder points of the smoothed line, indicating possible trend changes. This helps traders react promptly to changing market conditions.
#### Detailed Functionality
1. **Smoothing Line Calculation**:
- **Simple Moving Average (SMA)**:
- **Definition**: The SMA is a type of moving average that calculates the average of a security’s price over a specified number of periods. It smooths out price data to filter out short-term fluctuations and highlight the longer-term trend.
- **Calculation**: The SMA is computed by summing the closing prices of the chosen number of periods and then dividing by the number of periods. For example, a 20-period SMA adds the closing prices for the past 20 periods and divides by 20.
- **Purpose**: The SMA helps in identifying the direction of the trend. A rising SMA indicates an uptrend, while a falling SMA indicates a downtrend. This smoothing helps traders to avoid being misled by short-term price noise.
2. **Pivot Points Calculation**:
- **Pivot Highs and Lows**:
- **Definition**: Pivot points are significant price levels where a market trend is likely to reverse. A pivot high is the highest price over a certain period, surrounded by lower prices on both sides, while a pivot low is the lowest price surrounded by higher prices.
- **Calculation**: The SPM calculates pivot points based on a user-defined lookback period. For instance, if the lookback period is set to 3, the indicator will find the highest and lowest prices within the past 3 periods and mark these points.
- **Purpose**: Pivot points are used to identify potential support and resistance levels. Traders often use these levels to set entry and exit points, stop-loss orders, and to gauge market sentiment.
3. **Visualization**:
- **Smoothed Line Plot**:
- **Description**: The smoothed line, calculated using the SMA, is plotted on the chart to provide a visual representation of the trend. This line adjusts its color based on the trend direction, helping traders quickly assess the market condition.
- **Color Coding**: The smoothed line is colored green (upColor) when it is rising, indicating a bullish trend, and red (downColor) when it is falling, indicating a bearish trend. This color-coding helps traders visually differentiate between uptrends and downtrends.
- **Line Width**: The width of the line can be adjusted to improve visibility. A thicker line may be more noticeable, while a thinner line might provide a cleaner look on the chart.
- **Pivot Markers**:
- **Description**: Pivot highs and lows are marked on the chart with lines and labels. These markers help in visually identifying significant price levels.
- **Color and Labels**: Pivot highs are represented with green lines and labels ("H"), while pivot lows are marked with red lines and labels ("L"). This color scheme and labeling make it easy to distinguish between resistance (highs) and support (lows).
4. **Trend Change Detection**:
- **Trend Up**:
- **Detection**: The indicator identifies an upward trend change when the smoothed line crosses above its previous value. This crossover suggests a potential shift from a downtrend to an uptrend.
- **Usage**: Traders can interpret this signal as a potential buying opportunity or an indication to review and possibly adjust their trading positions to align with the new uptrend.
- **Trend Down**:
- **Detection**: A downward trend change is detected when the smoothed line crosses below its previous value. This crossunder indicates a potential shift from an uptrend to a downtrend.
- **Usage**: This signal can be used to consider selling opportunities or to reassess long positions in light of the emerging downtrend.
#### User Inputs
1. **Smoothing Period**:
- **Description**: This input determines the number of periods over which the SMA is calculated. It directly affects the smoothness of the line and the sensitivity of trend detection.
- **Range**: The smoothing period can be set to any integer value greater than or equal to 1. There is no specified upper limit, offering flexibility for various trading styles.
- **Default Value**: The default smoothing period is 20, which is a common choice for medium-term trend analysis.
- **Impact**: A longer smoothing period results in a smoother line, filtering out more noise and highlighting long-term trends. A shorter period makes the line more responsive to recent price changes, which can be useful for short-term trading strategies.
2. **Pivot Lookback**:
- **Description**: This input specifies the number of periods used to calculate the pivot highs and lows. It influences the sensitivity of pivot point detection and the relevance of the identified levels.
- **Range**: The pivot lookback period can be set to any integer value greater than or equal to 1, with no upper limit. Traders can adjust this parameter based on their trading timeframe and preferences.
- **Default Value**: The default lookback period is 3, which provides a balance between detecting significant pivots and avoiding excessive noise.
- **Impact**: A longer lookback period generates more stable pivot points, suitable for identifying long-term support and resistance levels. A shorter lookback period results in more frequent and recent pivot points, useful for intraday trading and quick responses to price changes.
#### Applications for Different Traders
1. **Trend Followers**:
- **Using the SMA**: Trend followers utilize the smoothed line to gauge the direction of the market. By aligning trades with the direction of the SMA, traders can capitalize on sustained trends and improve their chances of success.
- **Trend Change Alerts**: The trend change markers alert trend followers to potential shifts in market direction. These alerts help traders make timely decisions to enter or exit positions, ensuring they stay aligned with the prevailing trend.
2. **Reversal Traders**:
- **Pivot Points**: Reversal traders focus on pivot highs and lows to identify potential reversal points in the market. These points indicate where the market has previously reversed direction, providing potential entry and exit levels for trades.
- **Pivot Markers**: The visual markers for pivot highs and lows serve as clear signals for reversal traders. By monitoring these levels, traders can anticipate price reversals and plan their trades to exploit these opportunities.
3. **Swing Traders**:
- **Combining SMA and Pivot Points**: Swing traders can use the combination of the smoothed line and pivot points to identify medium-term trading opportunities. The smoothed line helps in understanding the broader trend, while pivot points provide specific levels for potential swings.
- **Trend Change Alerts**: Trend change markers help swing traders spot new swing opportunities as the market shifts direction. These markers provide potential entry points for swing trades and help traders adjust their strategies to capitalize on market movements.
4. **Scalpers**:
- **Short-Term Analysis**: Scalpers benefit from the short-term signals provided by the SPM. The smoothed line and pivot points offer insights into rapid price movements, while the trend change markers highlight quick trading opportunities.
- **Pivot Points**: For scalpers, pivot points are particularly useful in identifying key levels where price may reverse within a short time frame. By focusing on these levels, scalpers can plan trades with tight stop-loss orders and capitalize on quick price changes.
#### Implementation and Best Practices
1. **Setting Parameters**:
- **Smoothing Period**: Adjust the smoothing period according to your trading strategy and market conditions. For long-term analysis, use a longer period to filter out noise and highlight broader trends. For short-term trading, a shorter period provides more immediate insights into price movements.
- **Pivot Lookback**: Choose a lookback period that matches your trading timeframe. For intraday trading, a shorter lookback period offers quick identification of recent price levels. For swing trading or long-term strategies, a longer lookback period provides more stable pivot points.
2. **Combining with Other Indicators**:
- **Integration with Technical Tools**: The SPM can be used in conjunction with other technical indicators to enhance trading decisions. For instance, combining the
SPM with indicators like RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) can provide additional confirmation for trend signals and pivot points.
- **Support and Resistance**: Integrate the SPM’s pivot points with other support and resistance levels to gain a comprehensive view of market conditions. This combined approach helps in identifying stronger levels of support and resistance, improving trade accuracy.
3. **Backtesting**:
- **Historical Performance**: Conduct backtesting with historical data to evaluate the effectiveness of the SPM. Analyze past performance to fine-tune the smoothing period and pivot lookback settings, ensuring they align with your trading style and market conditions.
- **Scenario Analysis**: Test the SPM under various market scenarios to understand its performance in different conditions. This analysis helps in assessing the reliability of the indicator and making necessary adjustments for diverse market environments.
4. **Customization**:
- **Visual Adjustments**: Customize the appearance of the smoothed line and pivot markers to enhance chart readability and match personal preferences. Clear visual representation of these elements improves the effectiveness of the indicator.
- **Alert Configuration**: Set up alerts for trend changes to receive timely notifications. Alerts help traders act quickly on potential market shifts without constant monitoring, allowing for more efficient trading decisions.
#### Conclusion
The **Uptrick: SMA Pivot Marker (SPM)** is a versatile and powerful technical analysis tool that combines the benefits of the Simple Moving Average with pivot point analysis. By providing insights into market trends, identifying key reversal points, and detecting trend changes, the SPM caters to a wide range of trading strategies, including trend following, reversal trading, swing trading, and scalping.
With its customizable inputs, visual markers, and trend change alerts, the SPM offers traders the flexibility to adapt the indicator to different market conditions and trading styles. Whether used independently or in conjunction with other technical tools, the SPM is designed to enhance trading decision-making and improve overall trading performance. By mastering the use of the SPM, traders can gain a valuable edge in navigating the complexities of financial markets and making more informed trading decisions.
Stophunt WickAcknowledgement
This indicator is dedicated to my friend Alexandru who saved me from one of these liquidation raids which almost liquidated me.
Alexandru is one of the best scalpers out there and he always nails his entries at the tip of these wicks.
This inspired me to create this indicator.
What's a Liquidation Wick?
It's that fast stop-hunting wick that stophunts everyone by triggering their stop-loss and liquidation.
Liquidity is the lifeblood of stock market and liquidation is the process that moves price.
This indicator will identify when a liquidity pool is getting raided to trigger buy or sell stops, they are also know as stop-hunts.
How does it work?
When market consolidates in one direction, it builds up liquidity zones.
Market maker will break out of these consolidation phases by having dramatic price action to either pump or dump to raid these liquidity zones.
This is also called stop-hunts or liquidity raids. After that it will start reversing back to the opposite direction.
This is most noticeable by the length of the wick of a given candle in a very short amount of time and the total size of the candle.
This indicator highlights them accordingly.
Settings
Wick and Candle ratio works with default values but finetune will enhance user experience and usability.
Wick Ratio: Size of the wick compared to body of a candle.
Adjust this to higher ratio on smaller timeframe or smaller ratio on bigger timeframe to your trading style to spot a trend reversal.
Candle Ratio: The size of the candle, by default it is 0.75% of the current price.
For example, if BTC is at 20,000 then the size of the candle has to be minimum 150.
This can be fine tuned to bigger candle size on higher time frames or smaller for shorter timeframe depending on the trade type.
How to use it?
This indicator will identify when a liquidity pool is getting raided to trigger buy or sell stops, they are also know as stop-hunts. It can be used of its own for scalping but there are also a good few indicators which would most definitely help to confluence bigger timeframe trades.
Scalp
This indicator shows the most chaotic moments in price action; therefore it works best on smaller timeframes, ideally 3 or 5 minute candle.
- Wait for the market to start pumping or dumping.
- Current candle will change colour (Bullish/Bearish).
- Enter trade as soon as price starts to reverse back.
- Place the stop-loss outside of the current candle.
- Wait for the Liquidation Wick to appear as confirmation.
Price is very chaotic during a liquidity stop-hunt raid but there is a saying:
"In the midst of chaos, there is also opportunity" - Sun-Tzu
Since this is a very high risk, high reward strategy; it is advised to practice on paper trade first.
Practice until perfection and this indicator would be the perfect bread and butter scalp confirmation.
Fair Value Gap
FVG strategy is the most accurate in conjunction with this indicator.
Normally price would reverse after consuming fair value gaps but often it's difficult to know when and where.
This indicator would identify those crucial entry points for reverse course direction of the price action.
Support and Resistance
This indicator can also be used in conjunction with support and resistance lines.
Generally the stophunt will go deep below the support or spike much further up the resistance lines to liquidate positions.
Bollinger Bands
Bolling Bands strategy would be to wait until the price breaks out of the band.
Once the wick is formed, it would be an ideal entry point.
Script change
This is an open-source script and feel free to modify according to your need and to amplify your existing strategy.
Cuck WickAcknowledgement
This indicator is dedicated to my friend Alexandru who saved me from one of these scam cuck wicks which almost liquidated me.
Alexandru is one of the best scalpers out there and he always nails his entries at the tip of these wicks.
This inspired me to create this indicator.
What's a cuck wick?
It's that fast stop-hunting wick that cucks everyone by triggering their stop-loss and liquidation.
Liquidity is the lifeblood of stock market and liquidation is the process that moves price.
This indicator will identify when a liquidity pool is getting raided to trigger buy or sell stops, they are also know as stop-hunts.
How does it work?
When market consolidates in one direction, it builds up liquidity zones.
Market maker will break out of these consolidation phases by having dramatic price action to either pump or dump to raid these liquidity zones.
This is also called stop-hunts or liquidity raids. After that it will start reversing back to the opposite direction.
This is most noticeable by the length of the wick of a given candle in a very short amount of time and the total size of the candle.
This indicator highlights them accordingly.
Settings
Wick and Candle ratio works with default values but finetune will enhance user experience and usability.
Wick Ratio: Size of the wick compared to body of a candle.
Adjust this to higher ratio on smaller timeframe or smaller ratio on bigger timeframe to your trading style to spot a trend reversal.
Candle Ratio: The size of the candle, by default it is 0.75% of the current price.
For example, if BTC is at 20,000 then the size of the candle has to be minimum 150.
This can be fine tuned to bigger candle size on higher time frames or smaller for shorter timeframe depending on the trade type.
How to use it?
This indicator will identify when a liquidity pool is getting raided to trigger buy or sell stops, they are also know as stop-hunts. It can be used of its own for scalping but there are also a good few indicators which would most definitely help to confluence bigger timeframe trades.
Scalp
This indicator shows the most chaotic moments in price action; therefore it works best on smaller timeframes, ideally 3 or 5 minute candle.
- Wait for the market to start pumping or dumping.
- Current candle will change colour (Bullish/Bearish).
- Enter trade as soon as price starts to reverse back.
- Place the stop-loss outside of the current candle.
- Wait for the cuck wick to appear as confirmation.
Price is very chaotic during a liquidity stop-hunt raid but there is a saying:
"In the midst of chaos, there is also opportunity" - Sun-Tzu
Since this is a very high risk, high reward strategy; it is advised to practice on paper trade first.
Practice until perfection and this indicator would be the perfect bread and butter scalp confirmation.
Fair Value Gap
FVG strategy is the most accurate in conjunction with this indicator.
Normally price would reverse after consuming fair value gaps but often it's difficult to know when and where.
This indicator would identify those crucial entry points for reverse course direction of the price action.
Support and Resistance
This indicator can also be used in conjunction with support and resistance lines.
Generally the cuck will go deep below the support or spike much further up the resistance lines to liquidate positions.
Bollinger Bands
Bolling Bands strategy would be to wait until the price breaks out of the band.
Once the wick is formed, it would be an ideal entry point.
Script change
This is an open-source script and feel free to modify according to your need and to amplify your existing strategy.
Elder Impulse System + ATR BandsDisregard the above chart, I am not sure why it isn't showing the one I want, which is linked below:
This is as far as I can tell the closest representation to Dr. Alexander Elder's updated "Elder Impulse System" that has added ATR-volatility bands up to 3x deviations from price. I got the idea from watching this recent video (www.youtube.com) of Dr. Elder reviewing some recent trades and noticed he had updated his system from his original books. The Impulse System colour coding was inspired by AstralLoverFlow and LazyBear. ATR Bands are pre-programmed Keltner Channels with some modifications such as filing in the ATR Zones with user-selected colour bands and modifying the ATR value to better suit the volatility of the market being traded.
The script has several components, which I will detail below:
Exponential Moving Averages:
1) A 13-period EMA that is used as a staple in all of Dr. Elder's technical analysis. He uses this EMA as the basis for all of his indicators and why it is included here.
2) A 26-period EMA which can be used as a base-line of sorts to filter when to go long or when to go short. For instance, price over the 26-EMA, price is strong and the rally upwards is likely to continue, underneath it, price is weak and likely to continue downwards for a time.
Volatility Bands:
By definition these are nothing more than 3 separate Keltner Channels of a 13-period EMA each set to one additional multiplier from the moving average. This gives us a 1x, 2x, and 3x multiplier of average volatility from the 13-period EMA based on a 14-period Average True Range (ATR) reading. The ATR was chosen as it accommodates price gaps and also is the standard formula calculation in TradingView. The values of the bands cannot be adjusted but the colour coding of them can be.
Elder Impulse System:
These colour-coded bars show you the strength and direction of the current chart resolution, calculated by the slope of a 13-period EMA and the slope of a MACD histogram. These are used not as a buying or selling recommendation alone but as trend filters, as per Dr. Elder's own description of them.
Green Bars = The 13-period EMA is sloping positively and the MACD histogram is rising compared to previous bars. The trader should only consider buying/long opportunities when a green bar is most recent.
Red Bars = The 13-period EMA is sloping negatively and the MACD histogram is falling compared to previous bars. The trader should only consider selling/short opportunities when a red bar is most recent.
Blue Bars = The 13-period EMA and the MACD histogram are not aligned. One of the indicators is sloping opposite to the other indicator. These are known as indecision bars and are typically seen near the end of a previously established trend. The trader can choose to wait for either a green or red bar to shape their trading bias if they are more risk-averse while a counter-trend trader may decide to try opening a position against the currently-established trend.
How To Trade the System:
This system is unique in that it is so versatile and will fit the styles of many traders, be it trend following traders (generally the original Elder Impulse System design) or mean-reversion/counter-trend trading (the original Keltner Channel design). None of the examples below or in the chart above are financial advice and are just there for demonstration purposes only.
1) The most basic signal given would be the moving average cross up or down. A cross of the 13-EMA over the 26-EMA signals upward trend strength and the trader could look for buying opportunities. Conversely, the 13-EMA under the 26-EMA shows downward trend strength and the trader could look for selling opportunities.
2) Following the Elder Impulse system in conjunction with the EMAs. Look for long opportunities when a green bar is printed and price is over both of the 13- and 26-period EMAs. Look for short opportunities when a red bar is printed and price is below both of the 13- and 26-period EMAs. Keep in mind this does not necessarily need a moving average cross to be viable, a green or red bar over both EMAs is a valid signal in this system, usually. Examine price more closely for better entry signals when a blue bar is printed and price is either above or below both EMAs if you are a trend trader. This is how Dr. Elder originally intended the system to be used in conjunction with his famous Triple Screen Trading System. I am not going into detail here as it is a deep subject but I would suggest an interested trader to examine this Triple Screen System further as it is widely accepted as a strong strategy.
3) Mean Reversion and Counter-Trend Trading. Dr. Elder mentions that the zone between the two EMAs is called the Value Zone. A mean reversion trader could look for buying opportunities if price has generally been in an uptrend and falls back to value, conversely, they could look for shorting opportunities if price has generally been in a downtrend and rises back to value. These are your very basic pull backs found in trends that create your higher lows in an uptrend or your lower highs in a downtrend. A mean reversion/scalper trader may also look to use the upper and lower most ATR bands as an indication of price being overbought or oversold and could look to enter a counter-trend trade here once a blue indecision bar is printed and to ride that move back down to the Value Zone.
Taking Profits and Risk Management
This system again is very versatile and will fit a wide range of trading styles. It has built in take profit levels and risk management depending on your style of trading.
1a) In original Triple Screen Trading (and the original Elder Impulse system), a trader was to place a buy order one tick above a newly printed green bar with a stop loss one tick below the most recent 2-day low, and vice-versa for red bars on short selling. as long as other criteria were met, that I will not go into. It is all over YouTube and in his books and on Investopedia if you want more information. The general idea is to continue the trend in the direction if price is strong and you are bought into that move with a close stop, or if price falls back a little bit, you can get in at a better price. This would be a system typically better suited to a scalper.
1b) The updated risk management according to the above video is to place a stop loss at least 2ATR away from price. These bands already have calculated these values so a trader can place a stop one tick below the 2 or even 3ATR zones depending on their risk appetite. This is assuming you have already received a strong buy signal based on the system you follow. This would be a system typically better suited to a trend-trader.
2a) Taking profits if you are a trend trader has several possibilities. The first, as Dr. Elder suggests, is to place a price target 2ATR values away from your entry giving you approximately a 1:1 risk-reward ratio.
2b) The second possibility if the trade is successful is to ride the trend upwards until a blue bar is printed, suggesting indecision in the market. A modified version of this that could let a winning trade run longer is to wait for the price to close under the 13-EMA in fast markets, or close under the 26-EMA in slightly slower markets to maximize potential winnings.
2c) A scalper trader may wish to have a target at either the value zone if they are playing an extended buy/short back to the mean, or if they are being at the mean, to sell or cover when price extends back out to the 2x or 3x zone.
3) Trend traders can additionally use the ATR zones as a sort of safety guidelines for entering a trade. Anything within the 1ATR zone is typically a safer entry as the market is less volatile at this time. Entering when price has gone into the 2ATR zone is signaled as a strong momentum move and can signal a stronger move in the direction of the current closing bar. While not always the case, it is suggested by Dr. Elder to not enter trend trades at the 3ATR zone as this is where you will be likely looking for a counter-trend retracement back to value and a trader entering here in the direction of the trade has a higher chance of being stopped out or not getting in at the best possible price.
Exhaustion IndicatorThe ScalpSQZ indicator is designed to identify four critical market states using volatility structure, momentum behavior, and exhaustion conditions. It enhances scalping precision by visually marking transitions between consolidation, squeeze conditions, and momentum reversals through color-coded candles.
1. Squeeze Conditions (Orange Candles)
Orange candles highlight volatility compression, detected when Bollinger Bands contract inside the Keltner Channels. This structure signals that market volatility is tightening and a significant expansion move is likely to follow. The squeeze represents a pre-breakout environment and serves as the earliest warning of a potential directional shift.
2. Consolidation Conditions (Yellow Candles)
Yellow candles identify phases of low directional momentum. These conditions occur when RSI remains near neutral values, MACD histogram activity is minimal, and the Rate of Change stays muted. This combination indicates that the market is balanced and non-trending, often preceding a volatility spike or a new trend. Consolidation helps traders avoid low-probability entries during indecisive price action.
3. Momentum Exhaustion — Overbought Fade (White Candles)
White candles signal potential top-side exhaustion. This occurs when RSI enters overbought territory while the MACD histogram begins to weaken compared to the previous bar. This condition does not necessarily call a reversal but warns that bullish momentum is deteriorating and upside continuation may be limited. It is particularly useful for identifying trend fatigue and tightening stop-loss placement.
4. Momentum Exhaustion — Oversold Fade (Purple Candles)
Purple candles identify bottom-side exhaustion and appear when RSI reaches oversold levels, MACD momentum begins improving, and the current close shows buyer defense relative to the previous low. This condition suggests selling pressure is diminishing and a potential reversal or relief bounce may be forming. Purple candles serve as an early indication of bearish trend exhaustion.
Color Priority System
The indicator follows a fixed hierarchy to ensure clarity:
Squeeze (orange) has the highest priority, followed by consolidation (yellow). Exhaustion signals (white for tops, purple for bottoms) apply only when no squeeze or consolidation conditions are active. This structure ensures that the most critical market states are always highlighted first.
Purpose and Application
ScalpSQZ helps traders identify optimal environments for breakouts, anticipate trend exhaustion, and avoid low-quality trades during choppy or low-momentum conditions. It is suitable for scalping, day trading, and swing trading across any asset class or timeframe.
MTF EMA Trading SystemHere's a comprehensive description and usage guide for publishing your MTF EMA Trading System indicator on TradingView:
MTF EMA Trading System - Pro Edition
📊 Indicator Overview
The MTF EMA Trading System is an advanced multi-timeframe exponential moving average indicator designed for traders seeking high-probability setups with multiple confirmations. Unlike simple EMA crossover systems, this indicator combines trend alignment, momentum, volume analysis, and previous day confluence to generate reliable long and short signals with optimal risk-reward ratios.
✨ Key Features
1. Multi-Timeframe EMA Analysis
Configure 5 independent EMAs (default: 9, 21, 50, 100, 200)
Each EMA can pull data from ANY timeframe (5m, 15m, 1H, 4H, 1D, etc.)
Color-coded lines with customizable widths
End-of-line labels showing EMA period and timeframe (e.g., "EMA200 ")
Perfect for analyzing higher timeframe trends on lower timeframe charts
2. Advanced Signal Generation (Beyond Simple Crosses)
The system requires MULTIPLE confirmations before generating a signal:
LONG Signals Require:
✅ Price action trigger (EMA cross, bounce from key EMA, or pullback setup)
✅ Bullish EMA alignment (EMAs in proper ascending order)
✅ Volume spike confirmation (configurable threshold)
✅ RSI momentum confirmation (bullish but not overbought)
✅ Sufficient EMA separation (avoids choppy/whipsaw conditions)
✅ Price above previous day's low (confluence with support)
SHORT Signals Require:
✅ Price action trigger (EMA cross, rejection from key EMA, or pullback setup)
✅ Bearish EMA alignment (EMAs in proper descending order)
✅ Volume spike confirmation
✅ RSI momentum confirmation (bearish but not oversold)
✅ Sufficient EMA separation
✅ Price below previous day's high (confluence with resistance)
3. Real-Time Dashboard
Displays critical market conditions at a glance:
Overall trend direction (Bullish/Bearish/Neutral)
Price position relative to all EMAs
Volume status (spike or normal)
RSI momentum reading
EMA confluence strength
EMA separation quality
Current ATR value
Previous day high/low levels
Current signal status (LONG/SHORT/WAIT)
Risk-reward ratio
4. Clean Visual Design
Large, clear trade signal markers (green triangles for LONG, red triangles for SHORT)
No chart clutter - only essential information displayed
Customizable signal sizes
Professional color-coded dashboard
5. Built-In Risk Management
ATR-based calculations for stop loss placement
1:2 risk-reward ratio by default
All levels displayed in dashboard for easy reference
🎯 How to Use This Indicator
Step 1: Initial Setup
Add the indicator to your TradingView chart
Configure your preferred timeframes for each EMA:
EMA 9: Leave blank (uses chart timeframe) - Fast reaction to price
EMA 21: Leave blank or set to 15m - Key pivot level
EMA 50: Set to 1H - Intermediate trend
EMA 100: Set to 4H - Major trend filter
EMA 200: Set to 1D - Overall market bias
Adjust signal settings based on your trading style:
Conservative: Keep all confirmations enabled
Aggressive: Disable volume or momentum requirements
Scalping: Reduce min EMA separation to 0.2-0.3%
Step 2: Reading the Dashboard
Before taking any trade, check the dashboard:
Trend: Only take LONG signals in bullish trends, SHORT signals in bearish trends
Position: Confirm price is on the correct side of EMAs
Volume: Green spike = strong confirmation
RSI: Avoid extremes (>70 or <30)
Confluence: "Strong" = high probability setup
Separation: "Good" = trending market, avoid "Low" separation
Step 3: Trade Entry
For LONG Trades:
Wait for green triangle to appear below price
Verify dashboard shows:
Bullish or Neutral trend
Volume spike (preferred)
RSI between 50-70
Good separation
Enter at market or on next bar
Set stop loss at: Entry - (ATR × 2)
Set target at: Entry + (ATR × 4)
For SHORT Trades:
Wait for red triangle to appear above price
Verify dashboard shows:
Bearish or Neutral trend
Volume spike (preferred)
RSI between 30-50
Good separation
Enter at market or on next bar
Set stop loss at: Entry + (ATR × 2)
Set target at: Entry - (ATR × 4)
Step 4: Trade Management
Use the ATR values from dashboard for position sizing
Trail stops using the fastest EMA (EMA 9) as price moves in your favor
Exit partial position at 1:1 risk-reward, let remainder run to target
Exit immediately if dashboard trend changes against your position
💡 Best Practices
Timeframe Recommendations:
Scalping: 1m-5m chart with 5m, 15m, 1H, 4H, 1D EMAs
Day Trading: 5m-15m chart with 15m, 1H, 4H, 1D EMAs
Swing Trading: 1H-4H chart with 4H, 1D, 1W EMAs
Position Trading: 1D chart with 1D, 1W, 1M EMAs
Market Conditions:
Best in: Trending markets with clear direction
Avoid: Tight consolidation, low volume periods, major news events
Filter trades: Only take signals aligned with higher timeframe trend
Risk Management:
Never risk more than 1-2% per trade
Use ATR from dashboard to calculate position size
Respect the stop loss levels
Don't force trades when dashboard shows weak conditions
⚙️ Customization Options
EMA Settings (for each of 5 EMAs):
Length (period)
Timeframe (multi-timeframe capability)
Color
Line width
Show/hide toggle
Signal Settings:
Volume confirmation (on/off)
Volume spike threshold (1.0-3.0x)
Momentum confirmation (on/off)
RSI overbought/oversold levels
Minimum EMA separation percentage
ATR period and stop multiplier
Display Settings:
Show/hide EMA labels
Show/hide trade signals
Signal marker size (tiny/small/normal/large)
Show/hide dashboard
🔔 Alert Setup
The indicator includes 4 alert conditions:
LONG Signal - Fires when all long confirmations are met
SHORT Signal - Fires when all short confirmations are met
Bullish Setup - Early warning when trend aligns bullish with volume
Bearish Setup - Early warning when trend aligns bearish with volume
To set up alerts:
Right-click on chart → Add Alert
Select "MTF EMA Trading System"
Choose your desired alert condition
Configure notification method (popup, email, SMS, webhook)
📈 Performance Tips
Increase Win Rate:
Only trade in direction of higher timeframe trend
Wait for volume spike confirmation
Avoid trades during first 30 minutes and last 15 minutes of session
Skip trades when separation is "Low"
Reduce False Signals:
Increase minimum EMA separation to 0.7-1.0%
Enable all confirmation requirements
Only trade when confluence shows "Strong"
Combine with support/resistance levels
Optimize for Your Market:
Stocks: Use 9, 21, 50, 100, 200 EMAs
Forex: Consider 8, 13, 21, 55, 89 EMAs (Fibonacci)
Crypto: May need wider ATR multiplier (2.5-3.0x) for volatility
⚠️ Important Notes
This indicator is designed to reduce false signals by requiring multiple confirmations
No indicator is 100% accurate - always use proper risk management
Backtesting recommended before live trading
Market conditions change - adjust settings as needed
Works best in liquid markets with clear price action
🎓 Conclusion
The MTF EMA Trading System transforms simple moving average analysis into a sophisticated, multi-confirmation trading strategy. By combining trend alignment, momentum, volume, and confluence, it helps traders identify high-probability setups while filtering out noise and false signals. The clean interface and comprehensive dashboard make it suitable for both beginners and experienced traders across all markets and timeframes.
Top Finder & Dip Hunter [BackQuant]Top Finder & Dip Hunter
A practical tool to map where price is statistically most likely to exhaust or mean-revert. It builds objective support for dips and resistance for tops from multiple methodologies, then filters raw touches with volume, momentum, trend, and price-action context to surface higher-quality reversal opportunities.
What this does
Draws a Dip Support line and a Top Resistance line using the method you select, or a blended hybrid.
Evaluates each touch/penetration against Quality Filters and assigns a 0–100 composite score.
Prints clean DIP and TOP signals only when depth/extension and quality pass your thresholds.
Optionally annotates the chart with the computed quality score at signal time.
Why it’s useful
Objectivity: Converts vague “looks extended” into rules, reduces discretion creep.
Signal hygiene: Filters raw touches using trend, volume, momentum, and candle structure to avoid obvious traps.
Adaptable regimes: Switch methods, sensitivity, and lookbacks to match choppy vs trending conditions.
How support and resistance are built
Pick one per side, or use “Hybrid.”
Dynamic: Anchors to the extreme of a lookback window, padded by recent ATR, so buffers expand in volatile periods and contract when calm.
Fibonacci: Uses the 0.618/0.786 retracement pair inside the current swing window to target common reaction zones.
Volatility: Uses a moving-average basis with standard-deviation bands to capture statistically stretched moves.
Volume-Weighted: Centers off VWAP and penalizes deviations using dispersion of price around VWAP, helpful on intraday instruments.
Hybrid: A weighted average of the above to smooth out single-method biases.
When a touch becomes a signal
Depth/extension test:
Dips must penetrate their support by at least Min Dip Depth % .
Tops must extend above resistance by at least Min Top Rise % .
Quality Score gate: The composite must clear Min Quality Score . Components:
Trend alignment: Favor dips in bullish regimes and tops in bearish regimes using EMAs and RSI.
Volume confirmation: Reward expansion or spikes versus a 20-period baseline.
RSI context: Prefer oversold for dips, overbought for tops.
Momentum shift: Look for short-term momentum turning in the expected direction.
Candle structure: Reward hammer/shooting-star style responses at the level.
How to use it
Pick your regime:
Range/chop, small caps, mean-revert intraday → Volatility or Volume Weighted .
Cleaner swings/trends → Dynamic or Fibonacci .
Unsure or mixed conditions → Hybrid .
Set windows: Start with Lookback = 50 for both sides. Increase in higher timeframes or slow assets, decrease for fast scalps.
Tune sensitivity: Raise Dip/Top Sensitivity to widen buffers and reduce noise. Lower to be more aggressive.
Gate with quality: Begin with Min Quality Score = 60 . Push to 70–80 for cleaner swing entries, relax to 50–60 for scalps.
Act on first prints: The script only fires on new qualified events. Use the score label to prioritize A-setups.
Typical workflows
Intraday futures/crypto: Volume-Weighted or Volatility methods for both sides, higher Sensitivity , require Volume Filter and Momentum Filter on. Look for DIP during opening drive exhaustion and TOP near late-session fatigue.
Swing equities/FX: Dynamic or Fibonacci with moderate sensitivity. Keep Trend Filter on to only take dips above the 200-EMA and tops below it.
Countertrend scouts: Lower Min Dip Depth % / Min Top Rise % slightly, but raise Min Quality Score to compensate.
Reading the chart
Lines: “Dip Support” and “Top Resistance” are the current actionable rails, lightly smoothed to reduce flicker.
Signals: “DIP” prints below bars when a qualified dip appears, “TOP” prints above for qualified tops.
Scores: Optional labels show the composite at signal time. Favor higher numbers, especially when aligned with higher-timeframe trend.
Background hints: Light highlights mark raw touches meeting depth/extension, even if they fail quality. Treat these as early warnings.
Tuning tips
If you get too many false DIP signals in downtrends, raise Min Dip Depth % and keep Trend Filter on.
If tops appear late in squeezes, lower Top Sensitivity slightly or switch top side to Fibonacci .
On assets with erratic volume, prefer Volatility or Dynamic methods and down-weight the Volume Filter .
For strict systems, increase Min Quality Score and require both Volume and Momentum filters.
What this is not
It is not a blind reversal signal. It’s a structured context tool. Combine with your risk plan and higher-timeframe map.
It is not a guarantee of mean reversion. In strong trends, expect fewer, higher-score opportunities and respect invalidation quickly.
Suggested presets
Scalp preset: Lookback 30–40, Sensitivity 1.2–1.5, Quality ≥ 55, Volume & Momentum filters ON.
Swing preset: Lookback 75–100, Sensitivity 1.0–1.2, Quality ≥ 70, Trend & Volume filters ON.
Chop preset: Volatility/Volume-Weighted methods, Quality ≥ 60, Momentum filter ON, RSI emphasis.
Input quick reference
Dip/Top Method: Choose the model for each side or “Hybrid” to blend.
Lookback: Swing window the levels are built from.
Sensitivity: Scales volatility padding around levels.
Min Dip Depth % / Min Top Rise %: Minimum breach/extension to qualify.
Quality Filters: Trend, Volume, Momentum toggles, plus Min Quality Score gate.
Visuals: Colors and whether to print score labels.
Best practices
Map higher-timeframe trend first, then act on lower-timeframe DIP/TOP in the trend’s favor.
Use the score as triage. Skip mediocre prints into news or at session open unless score is exceptional.
Pre-define stop placement relative to the level you used. If a DIP fails, exit on loss of structure rather than waiting for the next print.
Bottom line: Top Finder & Dip Hunter codifies where reversals are most defensible and only flags the ones with supportive context. Tune the method and filters to your market, then let the score keep your playbook disciplined.
Clock&Flow – Market Pulse IndicatorClock&Flow – Market Pulse Indicator
1) General Purpose
The Market Pulse Indicator is designed to visualize the strength and direction of market flow in a clear, intuitive way.
Unlike common volume or momentum indicators, it blends three essential dimensions — price velocity, normalized volume, and volatility (ATR) — to highlight when market pressure is truly meaningful.
It helps identify genuine liquidity inflows/outflows, potential exhaustion zones, and moments of compression or expansion within the price structure.
2) Data Sources
All data is directly taken from the current chart’s feed on TradingView:
Price (close): to measure relative price change.
Volume: to detect the intensity of market participation (normalized to average).
ATR (Average True Range): to evaluate volatility relative to price levels.
No external data or off-platform sources are used.
3) Logic and Calculation Steps
Price Velocity: calculates the percentage change between the current close and the close N bars ago.
priceChange = (close - close ) / close
Normalized Volume: compares current volume to its moving average over the same period.
volNorm = volume / sma(volume, length)
Normalized Volatility: ATR divided by price to adjust for instrument scale.
atrNorm = atr(length) / close
Combination : multiplies the three components into one raw value that represents market pulse intensity.
rawPulse = priceChange * volNorm * (1 + atrNorm)
Smoothing: a moving average (smoothLen) is applied to create a cleaner and more readable oscillator line.
flowPulse = sma(rawPulse * multiplier, smoothLen)
4) Parameters (Default Settings)
length (20): analysis period for price change, volume, and ATR.
smoothLen (5): smoothing factor; higher values reduce noise.
multiplier (100): scales the output for readability; adjust to fit chart scale.
5) How to Read the Indicator
Market Pulse > 0 (green): net inflow of liquidity; buying pressure dominates.
Market Pulse < 0 (red): net outflow of liquidity; selling pressure dominates.
Near 0: neutral phase; market balance or consolidation.
Sudden peaks: strong bursts of flow — often coincide with news releases or session overlaps.
Confirmations: use as a second-level filter before entering trades or to confirm momentum behind a breakout.
6) Divergences
Divergences between price and Market Pulse are key signals of weakening flow strength:
Bullish divergence: price forms lower lows while Market Pulse forms higher lows → selling pressure is fading; potential reversal or bounce.
Bearish divergence: price forms higher highs while Market Pulse fails to confirm → buying momentum is losing strength; potential correction ahead.
For reliability, look for divergences on higher timeframes (H4, Daily).
On lower timeframes, treat them as early warnings.
7) Typical Use Cases
Breakout confirmation: price breaks resistance with a rising Market Pulse → confirms genuine participation.
False signal filter: price breaks a level but Market Pulse remains flat/negative → likely fake breakout.
Pullback entry: after a breakout, wait for a short retracement and a new positive pulse → safer entry point.
Exit signal: if you’re long and Market Pulse suddenly turns negative with strong volume → consider partial exit or tighter stops.
8) Recommended Timeframes
Intraday / Scalping: 5–30 min charts with length 10–14, smoothLen 3–5.
Swing trading: 1h–4h charts with length 20–50.
Position trading: Daily charts with larger length (50–100) for smoother data.
Always optimize parameters to the specific asset — there are no universal settings.
9) Limitations
This indicator is not a trading system — it’s a decision-support tool.
Results depend on the quality of the volume data available for the symbol.
Performance and sensitivity are influenced by length, smoothing, and multiplier values — always test before live trading.
Use alongside sound risk and money management.
10) Disclaimer
This script is provided for educational purposes only and does not constitute financial advice.
Trading and investing involve significant risk, including the potential loss of capital.
Always test indicators in simulation environments and make independent decisions based on your own analysis and risk tolerance.
Italiano
1) Scopo generale
Flow Pulse è un oscillatore pensato per visualizzare la forza e la direzione del flusso di mercato in modo immediato. Non è un semplice indicatore di volume né una copia di RSI/MACD: combina tre dimensioni fondamentali — variazione di prezzo, volume normalizzato e volatilità — per mettere in evidenza i momenti in cui la pressione dei partecipanti è realmente significativa.
È ideale per identificare: entrate guidate da flussi reali, potenziali esaurimenti, momenti di compressione/espansione del movimento e segnali di conferma per breakout o rimbalzi.
2) Dati utilizzati
L’indicatore usa esclusivamente dati disponibili sulla piattaforma TradingView del grafico corrente:
price (close) — per calcolare la variazione percentuale del prezzo;
volume per misurare l’intensità degli scambi (normalizzato su media);
ATR (Average True Range) — per normalizzare la volatilità rispetto al prezzo;
Tutti i feed (prezzo e volume) sono quelli forniti dall’exchange/fornitore dati collegato al simbolo sul grafico.
3) Logica e passaggi di calcolo
Velocità del prezzo: calcolo della variazione percentuale tra la chiusura corrente e la chiusura N barre fa:
priceChange = (close - close ) / close
— misura la direzione e magnitudine del movimento in termine relativo.
Volume normalizzato: rapporto tra il volume corrente e la media mobile semplice del volume su length barre:
volNorm = volume / sma(volume, length)
— evidenzia volumi anomali rispetto alla media.
Volatilità normalizzata (ATR): rapporto ATR/close per rendere la volatilità comparabile across price levels:
atrNorm = atr(length) / close
Combinazione: il prodotto di questi fattori (con un piccolo offset su ATR) genera un valore grezzo:
rawPulse = priceChange * volNorm * (1 + atrNorm)
— se priceChange e volNorm sono positivi e l’ATR è presente, il rawPulse sarà significativamente positivo.
Smoothing: media mobile semplice (SMA) applicata al rawPulse e moltiplicazione per un fattore scalare (multiplier) per portare il range su livelli leggibili:
flowPulse = sma(rawPulse * multiplier, smoothLen)
4) Parametri esposti (default consigliati)
length (periodo analisi) — default 20: influenza calcolo Δ% e media volumi; allunga la finestra storica.
smoothLen (smussamento) — default 5: smoothing del segnale per ridurre rumore.
multiplier — default 100: fattore di scala per rendere l’oscillatore più leggibile.
5) Interpretazione pratica dei valori
FlowPulse > 0 (verde): predominanza di flusso d’ingresso — pressione d’acquisto. Maggiore il valore, più forte la convinzione (volume + movimento + volatilità).
FlowPulse < 0 (rosso): predominanza di flusso in uscita — pressione di vendita.
Vicino a 0: assenza di flussi netti chiari; mercato piatto o bilanciato.
Picchi repentini: indicano accelerate di flusso — spesso coincidono con rotture, open/close session, news.
Sostegno al trade: usa FlowPulse come conferma prima di entrare su breakout o come avviso di attenzione su esaurimenti.
6) Divergenze (come leggerle)
Le divergenze tra prezzo e FlowPulse sono segnali importanti:
Divergenza rialzista (bullish divergence): prezzo fa nuovi minimi mentre FlowPulse non fa nuovi minimi (o forma minimo relativo più alto) → indica che la spinta di vendita non è supportata da volume/volatilità, possibile inversione/rimbalzo.
Divergenza ribassista (bearish divergence): prezzo fa nuovi massimi mentre FlowPulse non li conferma (o forma massimo relativo più basso) → la spinta d’acquisto è “debole”, possibile esaurimento e inversione.
Note pratiche: cercare divergenze su timeframe maggiori (H4, D) per maggiore attendibilità; sui timeframe minori prendere solo come early warning.
7) Esempi d’uso operativo
Conferma breakout: prezzo rompe resistenza + FlowPulse positivo e crescente → breakout più probabile e con volumi reali.
Filtro per falsi segnali: prezzo rompe ma FlowPulse è piatto/negativo → alto rischio di false breakout.
Entrata per pullback: dopo breakout, attendere un pullback con FlowPulse che torna positivo → ingresso più prudente.
Gestione delle uscite: se sei long e FlowPulse improvvisamente si inverte in negativo su volumi elevati → considerare riduzione posizione o stop.
8) Timeframe consigliati
Intraday / Scalping: M5–M30 con length ridotto (es. 10–14) e smoothLen piccolo.
Swing trading: H1–H4 con length 20–50.
Position trading: D1 con length maggiore per filtrare rumore.
Testa i parametri sul tuo asset e timeframe; nessun parametro è universale.
9) Limitazioni e avvertenze
L’indicatore non è un sistema di trading completo: è un tool di informazione e timing.
Dipende dalla qualità dei dati di volume del simbolo: su alcuni titoli/mercati (es. alcuni ETF, Forex su certi broker) il volume può essere parziale o non rappresentativo.
I valori di margine/multiplier e smoothing influenzano sensibilmente sensibilità e falsi segnali: backtest e ottimizzazione sono raccomandati.
Non usare il solo FlowPulse per entrare su leva elevata senza gestione del rischio12) Disclaimer da inserire
Disclaimer: Questo indicatore è fornito solo a scopo didattico e non costituisce consulenza finanziaria. L’uso comporta rischi: valuta sempre la gestione del rischio e testa su conto demo prima dell’applicazione in reale.
Dynamic EMA Stack Support & ResistanceEvery trader needs reliable support and resistance — but static zones and lagging indicators won't cut it in fast-moving markets. This script combines a Fibonacci-based 5-EMA stacking system and left/right pivots that create dynamic support & resistance logic to uncover real-time structural shifts & momentum zones that actually adapt to price action. This isn’t just a mashup — it’s a complete built-from-the-ground-up support & resistance engine designed for scalpers, intraday traders, and trend followers alike.
🧠 🧠 🧠What It Does🧠 🧠 🧠
This script uses two powerful engines working in sync:
1️⃣ EMA Stack (5-EMA Framework)
Built on Fibonacci-based lengths: 5, 8, 13, 21, 34, (configurable) this stack identifies:
🔹 Bullish Stack: EMAs aligned from fastest to slowest (uptrend confirmation)
🔹 Bearish Stack: EMAs aligned inversely (downtrend confirmation)
🟡 Narrowing Zones: When EMAs compress within ATR thresholds → possible breakout or reversal zone
🎯 Labels identify key transitions like:
✅"Begin Bear Trend?"
✅"Uptrend SPRT"
✅"RES?" (resistance test)
2️⃣ Pivot-Based Projection Engine
Using classic Left/Right Bar pivot logic, the script:
📌 Detects early-stage swing highs/lows before full confirmation
📈 Projects horizontal S/R lines that adapt to market structure
🔁 Keeps lines active until a new pivot replaces them
🧩 Syncs beautifully with EMA stack for confluence zones
🎯🎯🎯Key Features for Traders🎯🎯🎯
✅ Trend Detection
→ EMA order reveals real-time bias (bullish, bearish, compression)
✅ Dynamic S/R Zones
→ Historical support/resistance levels auto-draw and extend
✅ Smart Labeling
→ “SPRT”, “RES”, and “Trend?” labels for live context + testing logic
✅ Custom Candle Coloring
→ Choose from Bar Color or Full Candle Overlay modes
✅ Scalper & Swing Compatible
→ Use fast confirmations for scalping or stack consistency for longer trends
⚙️⚙️⚙️How to Use⚙️⚙️⚙️
✅Use Top/Bottom (trend state) Line Colors to quickly read trend conditions.
✅Use Pivot-based support/resistance projections to anticipate where price might pause or reverse.
✅Watch for yellow/blue zones to prepare for volatility shifts/reversals.
✅Combine with volume or momentum indicators for added confirmation.
📐📐📐Customization Options📐📐📐
✅EMA lengths (5, 8, 13, 21, 34) — fully configurable - try 21,34,55, 89, 144 for longer term trend states
✅Left/Right bar pivot settings (default: 21/5)
✅Label size, visibility, and color themes
✅Toggle line and label visibility for clean layouts
✅“Max Bars Back” to control how deep history is scanned safely
🛠🛠🛠Built-In Safeguards🛠🛠🛠
✅ATR-based filters to stabilize compression logic
✅Guarded lookback (max_bars_back) to avoid runtime errors
✅Works on any asset, any timeframe
🏁🏁🏁Final Word🏁🏁🏁
This script is not just a visual tool, it’s a complete trend and structure framework. Whether you're looking for clean trend alignment, dynamic support/resistance, or early warning labels, this system is tuned to help you react with confidence — not hindsight.
Rembember, no single indicator should be used in isolation. For best results, combine it with price action analysis, higher-timeframe context, and complementary tools like trendlines, moving averages etc Use it as part of a well-rounded trading approach to confirm setups — not to define them alone.
💡💡💡Turn logic into clarity. Structure into trades. And uncertainty into confidence.💡💡💡
MLB Momentum IndicatorMLB Momentum Indicator is a no‐lookahead technical indicator designed to signal intraday trend shifts and potential reversal points. It combines several well‐known technical components—Moving Averages, MACD, RSI, and optional ADX & Volume filters—to deliver high‐probability buy/sell signals on your chart.
Below is an overview of how it works and what each part does:
1. Moving Average Trend Filter
The script uses two moving averages (fast and slow) to determine the primary trend:
isUpTrend if Fast MA > Slow MA
isDownTrend if Fast MA < Slow MA
You can select the MA method—SMA, EMA, or WMA—and customize lengths.
Why it matters: The indicator only gives bullish signals if the trend is up, and bearish signals if the trend is down, helping avoid trades that go against the bigger flow.
2. MACD Confirmation (Momentum)
Uses MACD (with user‐defined Fast, Slow, and Signal lengths) to check momentum:
macdBuySignal if the MACD line crosses above its signal line (bullish)
macdSellSignal if the MACD line crosses below its signal line (bearish)
Why it matters: MACD crossovers confirm an emerging momentum shift, aligning signals with actual price acceleration rather than random fluctuation.
3. RSI Overbought/Oversold Filter
RSI (Relative Strength Index) is calculated with a chosen length, plus Overbought & Oversold thresholds:
For long signals: the RSI must be below the Overbought threshold (e.g. 70).
For short signals: the RSI must be above the Oversold threshold (e.g. 30).
Why it matters: Prevents buying when price is already overbought or shorting when price is too oversold, filtering out possible poor‐risk trades.
4. Optional ADX Filter (Trend Strength)
If enabled, ADX must exceed a chosen threshold (e.g., 20) for a signal to be valid:
This ensures you’re only taking trades in markets that have sufficient directional momentum.
Why it matters: It weeds out choppy, sideways conditions where signals are unreliable.
5. Optional Volume Filter (High‐Participation Moves)
If enabled, the indicator checks whether current volume is above a certain multiple of its moving average (e.g., 1.5× average volume).
Why it matters: High volume often indicates stronger institutional interest, validating potential breakouts or reversals.
6. ATR & Chandelier (Visual Reference)
For reference only, the script can display ATR‐based stop levels or a Chandelier Exit line:
ATR (Average True Range) helps gauge volatility and can inform stop‐loss distances.
Chandelier Exit is a trailing stop technique that adjusts automatically as price moves.
Why it matters: Though this version of the script doesn’t execute trades, these lines help you see how far to place stops or how to ride a trend.
7. Final Bullish / Bearish Signal
When all conditions (trend, MACD, RSI, optional ADX, optional Volume) line up for a long, a green “Long” arrow appears.
When all conditions line up for a short, a red “Short” arrow appears.
Why it matters: You get a clear, on‐chart signal for each potential entry, rather than needing to check multiple indicators manually.
8. Session & Date Filtering
The script allows choosing a start/end date and an optional session window (e.g. 09:30–16:00).
Why it matters: Helps limit signals to a specific historical backtest range or trading hours, which can be crucial for day traders (e.g., stock market hours only).
Putting It All Together
Primary Trend → ensures you trade in line with the bigger direction.
MACD & RSI → confirm momentum and avoid overbought/oversold extremes.
ADX & Volume → optional filters for strong trend strength & genuine interest.
Arrows → each potential buy (Long) or sell (Short) signal is clearly shown on your chart.
Use Cases
5‐Minute Scalping: Shorter RSI/MACD lengths to catch small, frequent intraday moves.
Swing Trading: Larger MAs, bigger RSI thresholds, and using ADX to filter only major trends.
Cautious Approach: Enable volume & ADX filters to reduce false signals in choppy markets.
Benefits & Limitations
Benefits:
Consolidates multiple indicators into one overlay.
Clear buy/sell signals with optional dynamic volatility references.
Flexible user inputs adapt to different trading styles/timeframes.
Limitations:
Like all technical indicators, it can produce false signals in sideways or news‐driven markets.
Success depends heavily on user settings and the particular market’s behavior.
Summary
The MLB Momentum Indicator combines a trend filter (MAs), momentum check (MACD), overbought/oversold gating (RSI), and optional ADX/Volume filters to create clear buy/sell arrows on your chart. This approach encourages trading in sync with both trend and momentum, and helps avoid suboptimal entries when volume or trend strength is lacking. It can be tailored to scalp micro‐moves on lower timeframes or used for higher‐timeframe swing trading by adjusting the input settings.
ELC Indicator**ELC Indicator – Enigma Liquidity Concept**
The ELC Indicator is a cutting-edge tool designed for traders who want to leverage price action and liquidity concepts for high-precision trading opportunities. Unlike conventional indicators that rely purely on trend-following or oscillatory methods, ELC incorporates a unique combination of market structure, Fibonacci retracement levels, and dynamic EMA filtering to detect key buy and sell zones. This original approach helps traders capture the most relevant market movements and anticipate potential reversals with higher confidence.
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### **What the ELC Indicator Does**
The primary goal of the ELC Indicator is to identify liquidity zones and plot Fibonacci-based levels around detected buy or sell signals. It continuously monitors price action to identify instances where significant liquidity grabs occur, signaled by breakouts beyond recent highs or lows. Once a signal is detected, the indicator plots horizontal lines at key Fibonacci ratios (0%, 25%, 50%, 75%, 100%, 120%, and 180%) to give traders a clear visual framework for potential retracement or extension levels.
Additionally, the indicator includes a dynamic EMA filter, which ensures that buy signals are only triggered when the price is above the EMA and sell signals when the price is below the EMA. This filtering mechanism helps reduce false signals in choppy markets and aligns trades with the broader trend direction.
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### **Key Features**
1. **Buy & Sell Signals**
- Buy signals are generated when a liquidity grab occurs below the previous low, and the closing price is above the candle body midpoint and the EMA.
- Sell signals are triggered when a liquidity grab occurs above the previous high, and the closing price is below the candle body midpoint and the EMA.
- Visual cues are provided via small upward (green) and downward (red) triangles on the chart.
2. **Fibonacci Levels**
- For each buy or sell signal, the indicator plots multiple horizontal lines at key Fibonacci levels. These levels can help traders set realistic profit targets and stop-loss levels.
- The plotted lines can be customized in terms of style (solid, dotted, dashed) and color (buy and sell line colors).
3. **Dynamic EMA Filtering**
- A customizable EMA filter is integrated into the logic to align trades with the prevailing trend.
- The EMA length is adjustable, allowing traders to fine-tune the indicator based on their trading style and market conditions.
4. **Alert System**
- Alerts can be enabled for both buy and sell signals, ensuring traders never miss an opportunity even when away from the screen.
- Alerts are triggered once per bar, ensuring timely notifications without excessive noise.
5. **Customizable Signal Visibility**
- Traders can toggle the visibility of the last 9 buy and sell signals. When this option is disabled, only the most recent signal is displayed, helping to declutter the chart.
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### **How to Use the ELC Indicator**
- **Trend Following**: The ELC Indicator works well in trending markets by filtering signals based on the EMA direction. Traders can use the plotted Fibonacci levels to enter trades, set profit targets, and manage risk.
- **Reversal Trading**: The liquidity grab detection mechanism allows traders to capture potential market reversals. By waiting for price retracements to key Fibonacci levels after a signal, traders can enter trades with a favorable risk-to-reward ratio.
- **Scalping & Day Trading**: With its ability to plot key intraday levels and generate real-time alerts, the ELC Indicator is particularly useful for scalpers and day traders looking to exploit short-term market inefficiencies.
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### **Concepts Underlying the Calculations**
1. **Liquidity Grabs**: The ELC Indicator’s core logic is based on detecting instances where the market moves beyond a recent high or low, triggering a liquidity grab. This often signals a potential reversal or continuation, depending on broader market conditions.
2. **Fibonacci Ratios**: Once a signal is detected, key Fibonacci levels are plotted to provide traders with actionable zones for trade entries, profit targets, or stop-loss placements.
3. **EMA Filtering**: The EMA acts as a dynamic trend filter, ensuring that signals are aligned with the dominant market direction. This reduces the likelihood of entering trades against the prevailing trend.
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### **Why ELC is Unique**
The ELC Indicator stands out by combining multiple powerful trading concepts—liquidity, Fibonacci ratios, and EMA filtering—into a single tool that provides actionable and visually intuitive information. Unlike traditional trend-following indicators that lag behind price action, ELC proactively identifies key market turning points based on liquidity events. Its customizable features, real-time alerts, and comprehensive plotting of Fibonacci levels make it a versatile tool for traders across various styles and timeframes.
Whether you're a scalper looking for intraday opportunities or a swing trader aiming to capture larger moves, the ELC Indicator offers a robust framework for identifying and executing high-probability trades.
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### **How to Get Started**
1. Add the ELC Indicator to your chart.
2. Customize the EMA length, line colors, and style based on your preference.
3. Enable alerts to receive real-time notifications of buy and sell signals.
4. Use the plotted Fibonacci levels to plan your trade entries, profit targets, and stop-loss levels.
5. Combine the signals from ELC with your existing market analysis for optimal results.
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This unique approach makes the ELC Indicator a valuable tool for traders seeking precision, clarity, and consistency in their trading decisions.
9 EMA Retracement Buy/Sell + Volume FilterFor all you scalpers out there this is a 9 ema scalp Indicator coupled with volume bars, the Indicator plots buy and sell when the conditions are met
Price mist be above or below the 9 ema it must retrace and the volume bar must match the direction of the candle and then a signal will be printed with a red or green triangle, do not blindly take all trades on the signals make sure the is a trend works on any asset and remember it is for scalping only
Every Hour 1st/Last FVG vTDL OVERVIEW - Shoutout to Micheal J. Huddleston aka ICT
This indicator identifies the first Fair Value Gap (FVG) that forms within each trading hour, providing traders with potential entry zones, reversal points, and unmitigated gap targets. Based on the concept that the first presented FVG of each hour represents a significant price delivery array where institutional order flow occurred.
The indicator detects FVGs on a lower timeframe (1-minute default) and displays them as boxes on your chart, tracking which gaps get filled and which remain open as potential draw-on-liquidity targets.
WHAT IS A FAIR VALUE GAP
A Fair Value Gap is a 3-candle price pattern representing an imbalance between buyers and sellers:
Bullish FVG: Forms when candle 3's low is above candle 1's high, leaving a gap
Bearish FVG: Forms when candle 3's high is below candle 1's low, leaving a gap
These gaps often act as magnets for price, which tends to return and "fill" the imbalance before continuing. They function as dynamic support and resistance zones.
KEY FEATURES
Detection Types
FVG: Standard fair value gap detection with volume imbalance expansion
Suspension FVG Blocks: Requires outside prints on both sides for more refined signals
Hourly Display Modes
First Only: Shows whichever FVG appears first each hour (bullish or bearish)
Show Both: Shows first bullish AND first bearish FVG independently each hour
Last FVG Tracking
Optionally display the last FVG of each hour
Useful for comparing how the hour developed
Can extend into the next hour for continued tracking
Breakaway Gap Detection
Gaps not traded into during their formation hour extend forward
Extended gaps display labels showing formation time and date
These unmitigated gaps become price targets and reversal zones
Gap Fill Modes
Touch Box: Marks filled when price enters the gap
Touch Midpoint: Marks filled when price reaches the 50 percent level
Fill Completely: Marks filled when price fills the entire gap with visual progress
HOW TO USE
Entry Points
The first FVG of each hour provides potential entry zones based on price reaction:
When price returns to an FVG and shows rejection, enter in the direction of rejection
The gap zone represents where institutional orders likely reside
Use the boundaries of the gap for stop loss placement
A clean rejection of the zone confirms it as valid support or resistance
Reversal Points
Unmitigated gaps that extend beyond their formation hour are high-probability reaction zones:
Extended boxes with labels indicate unfilled gaps
When price finally reaches these zones, expect a reaction
The longer a gap remains unfilled, the stronger the expected response
These zones act as magnets drawing price back to them
Price Targets
Use unmitigated gaps as draw-on-liquidity targets:
Look for extended boxes above or below current price
Price tends to seek out and fill imbalances
The midpoint line often serves as a minimum target
Multiple unfilled gaps in one direction suggest strong momentum potential
FRAMING DIRECTIONAL BIAS
The first presented FVG of each hour acts as a support or resistance zone. The direction of the FVG itself does not determine bias - it is how price reacts to that FVG that reveals the true market intention.
Reading Price Reaction
Price respects a bullish FVG as support and bounces higher = bullish bias confirmed
Price respects a bearish FVG as resistance and rejects lower = bearish bias confirmed
Price fails to hold a bullish FVG and breaks through = potential inversion, look for shorts
Price fails to hold a bearish FVG and breaks through = potential inversion, look for longs
Inversion Fair Value Gaps (IFVG)
When price trades through an FVG and closes beyond it, that gap can invert its role:
A bullish FVG that fails becomes resistance - use it as a short entry zone
A bearish FVG that fails becomes support - use it as a long entry zone
The inversion signals a shift in control from one side to the other
Watch for price to retest the inverted gap before continuing
Support and Resistance Framework
Think of each hourly first FVG as a key level:
Price above the FVG: the gap acts as potential support
Price below the FVG: the gap acts as potential resistance
Watch how price behaves when it returns to the gap zone
A clean rejection confirms the level; a break through signals inversion
SHORT-TERM SCALPING APPLICATION
These FVGs provide scalping opportunities each hour:
Identify the first FVG of the hour as your key level
Wait for price to trade away from it and return
Observe the reaction at the gap zone
Enter in the direction of the reaction with tight risk
Target the next FVG, midpoint, or nearby liquidity
Trade Management
Use the opposite side of the FVG box as your stop loss zone
The midpoint of the gap often provides first target or decision point
Scale out at nearby unmitigated gaps or key levels
If the gap inverts, flip your bias and look for entries in the new direction
MULTI-HOUR CONTEXT
If price consistently respects FVGs as support across hours = uptrend context
If price consistently respects FVGs as resistance across hours = downtrend context
If FVGs keep inverting = choppy or transitional market
Use higher timeframe direction to filter which reactions to trade
Compare first and last FVG of each hour to see how momentum developed
SESSION FILTERING
The indicator automatically excludes unreliable periods:
4 PM to 5 PM New York time (market close hours 16-17)
Weekend closed periods (Saturday and Sunday before 6 PM)
All timestamps use New York timezone for consistency with futures market hours.
SETTINGS GUIDE
Detection Settings
Detection Type: Choose between standard FVG or Suspension FVG Blocks
Lower Timeframe: 15 seconds, 1 minute, or 5 minutes for gap detection
Min FVG Size: Minimum gap size in ticks to filter noise
Display Settings
Hourly Display Mode: First Only shows one gap per hour; Show Both shows first bull and bear
Show First FVG: Toggle visibility of first FVG boxes
Show Last FVG: Toggle visibility of last FVG boxes
Show Midpoint Lines: Display the 50 percent level of each gap
Show Unfilled Breakaway Gaps: Extend boxes until price fills them
Show Only Today: Reduce clutter by hiding older hourly boxes
Gap Fill Detection Mode
Touch Box: Gap marked filled when price enters the zone
Touch Midpoint: Gap marked filled when price reaches 50 percent level
Fill Completely: Gap marked filled only when fully closed, shows visual fill progress
Recommended Settings by Style
Scalping: 1 minute LTF, 4 tick minimum, Show Both mode, Touch Box fill
Day Trading: 1 minute LTF, 4-8 tick minimum, First Only mode, Touch Midpoint fill
Swing Context: 5 minute LTF, Show Unfilled Gaps enabled, Fill Completely mode
COLOR CODING
Blue boxes: First bullish FVG of the hour
Red boxes: First bearish FVG of the hour
Green boxes: Last bullish FVG of the hour
Orange boxes: Last bearish FVG of the hour
Black midpoint lines: 50 percent level of each gap
Filled portion overlay: Shows visual progress in Fill Completely mode
All colors are fully customizable in the settings menu.
PRACTICAL TIPS
The first FVG of each hour is a hidden PD array - treat it as a significant level
Not every gap produces a tradeable reaction - wait for confirmation
Gaps that remain unfilled for multiple hours carry more weight
Use the Show Both mode to see both bullish and bearish opportunities each hour
When multiple gaps cluster in one zone, that area becomes even more significant
Inversions are powerful signals - a failed level often leads to acceleration
NOTES
Works on any instrument and timeframe
Best used on intraday charts (1 minute to 15 minute) viewing 1 minute LTF gaps
Combine with higher timeframe analysis for confluence
These are probability zones, not guarantees - always use proper risk management
The indicator handles HTF to LTF data fetching automatically
MTC – Multi-Timeframe Trend Confirmator V2MTC – Multi-Timeframe Trend Confirmator V2
A comprehensive trend analysis indicator that systematically combines six technical indicators across three customizable timeframes, using a weighted scoring system to identify high-probability trend conditions.
ORIGINALITY AND CONCEPT
This indicator is original in its approach to multi-timeframe trend confirmation. Rather than relying on a single indicator or timeframe, it creates a composite score by evaluating six different technical conditions simultaneously across three timeframes. The scoring system weighs certain indicators more heavily based on their reliability in trend identification. The visual gauge provides an at-a-glance view of trend alignment across timeframes, making it easier to identify when multiple timeframes agree - a condition that typically produces stronger, more reliable trends.
HOW IT WORKS - DETAILED SCORING METHODOLOGY
The indicator evaluates six technical conditions on each timeframe. Each condition contributes to a composite score:
EMA 200 (Weight: 1 point)
Bullish: Price closes above EMA 200 (+1)
Bearish: Price closes below EMA 200 (-1)
Rationale: Long-term trend direction
SMA 50/200 Crossover (Weight: 1 point)
Bullish: SMA 50 above SMA 200 (+1)
Bearish: SMA 50 below SMA 200 (-1)
Rationale: Golden/Death cross confirmation
RSI 14 (Weight: 1 point)
Bullish: RSI above 55 (+1)
Bearish: RSI below 45 (-1)
Neutral: RSI between 45-55 (0)
Rationale: Momentum filter with buffer zone to avoid chop
MACD (12,26,9) (Weight: 1 point)
Bullish: MACD line above signal line (+1)
Bearish: MACD line below signal line (-1)
Rationale: Trend momentum confirmation
ADX 14 (Weight: 2 points - DOUBLE WEIGHTED)
Requires ADX above 25 to activate
Bullish: DI+ above DI- and ADX > 25 (+2)
Bearish: DI- above DI+ and ADX > 25 (-2)
Neutral: ADX below 25 (0)
Rationale: Trend strength filter - only counts when a strong trend exists. Double weighted because ADX is specifically designed to measure trend strength, making it more reliable than oscillators.
Supertrend (Factor: 3.0, ATR Period: 10) (Weight: 2 points - DOUBLE WEIGHTED)
Bullish: Direction indicator = -1 (+2)
Bearish: Direction indicator = +1 (-2)
Rationale: Dynamic support/resistance that adapts to volatility. Double weighted because Supertrend provides clear, objective trend signals with built-in stop-loss levels.
COMPOSITE SCORE CALCULATION:
Total possible score range: -10 to +10 points
Score interpretation:
Score > 2: UPTREND (majority of indicators bullish, especially weighted ones)
Score < -2: DOWNTREND (majority of indicators bearish, especially weighted ones)
Score between -2 and +2: NEUTRAL/RANGING (mixed signals or weak trend)
The threshold of +/- 2 was chosen because it requires more than just basic agreement - it typically means at least 3-4 indicators align, or that the heavily-weighted indicators (ADX, Supertrend) confirm the direction.
MULTI-TIMEFRAME LOGIC:
The indicator calculates the composite score independently for three timeframes:
Higher Timeframe (default: 4H) - Major trend direction
Mid Timeframe (default: 1H) - Intermediate trend
Lower Timeframe (default: 15min) - Entry timing
Main Trend Confirmation Rule:
The indicator only signals a confirmed trend when BOTH the higher timeframe AND mid timeframe scores agree (both > 2 for uptrend, or both < -2 for downtrend). This dual-timeframe confirmation significantly reduces false signals during choppy or ranging markets.
HOW TO USE IT
Setup:
Add indicator to chart
Customize timeframes based on your trading style:
Scalpers: 15min, 5min, 1min
Day traders: 4H, 1H, 15min (default)
Swing traders: Daily, 4H, 1H
Toggle individual indicators on/off based on your preference
Adjust Supertrend parameters if needed for your instrument's volatility
Reading the Gauge (Top Right Corner):
Each row shows one timeframe
Left column: Timeframe label
Middle column: Visual strength bars (10 bars = maximum score)
Green bars = Bullish score
Red bars = Bearish score
Yellow bars = Neutral/ranging
More filled bars = stronger trend
Right column: Numerical score
Trading Signals:
Entry Signals:
Long Entry: Wait for upward triangle arrow (appears when higher + mid TF both bullish)
Confirm gauge shows green bars on higher and mid timeframes
Lower timeframe should ideally turn green for entry timing
Chart background tints light green
Short Entry: Wait for downward triangle arrow (appears when higher + mid TF both bearish)
Confirm gauge shows red bars on higher and mid timeframes
Lower timeframe should ideally turn red for entry timing
Chart background tints light red
Position Management:
Stay in position while higher and mid timeframes remain aligned
Consider reducing position size when mid timeframe score weakens
Exit when higher timeframe trend reverses (daily label changes)
Avoiding False Signals:
Ignore signals when gauge shows mixed colors across timeframes
Avoid trading when scores are close to threshold (+/- 2 to +/- 4 range)
Best trades occur when all three timeframes align (all green or all red in gauge)
Use the numerical scores: higher absolute values (7-10) indicate stronger, more reliable trends
Practical Examples:
Example 1 - Strong Uptrend Entry:
Higher TF: +8 (strong green bars)
Mid TF: +6 (strong green bars)
Lower TF: +4 (moderate green bars)
Action: Look for long entries on lower timeframe pullbacks
Background is tinted green, upward arrow appears
Example 2 - Ranging Market (Avoid):
Higher TF: +3 (weak green)
Mid TF: -1 (weak red)
Lower TF: +2 (neutral yellow)
Action: Stay out, wait for alignment
Example 3 - Trend Reversal Warning:
Higher TF: +7 (still green)
Mid TF: -3 (turned red)
Lower TF: -5 (strong red)
Action: Consider exiting longs, prepare for potential higher TF reversal
Customization Options:
Timeframes: Adjust all three to match your trading horizon
Indicator Toggles: Disable indicators that don't suit your instrument:
Disable RSI for highly volatile crypto markets
Disable SMA crossover for range-bound instruments
Keep ADX and Supertrend enabled for trending markets
Visual Preferences:
Arrow size: 5 options from Tiny to Huge
Gauge size: Small/Medium/Large for different screen sizes
Toggle arrows on/off if you only want the gauge
Alert Setup:
Right-click chart, "Add Alert"
Condition: MTC v6 - UPTREND or DOWNTREND
Get notified when multi-timeframe confirmation occurs
Best Practices:
Use with Price Action: The indicator works best when combined with support/resistance levels, chart patterns, and volume analysis
Risk Management: Even with multi-timeframe confirmation, always use stop losses
Market Context: Works best in trending markets; less reliable in strong consolidation
Backtesting: Test the default settings on your specific instrument and timeframe before live trading
Patience: Wait for full multi-timeframe alignment rather than taking premature signals
Technical Notes:
All calculations use Pine Script's security function to fetch data from multiple timeframes
Prevents repainting by using confirmed bar data
Gauge updates in real-time on the last bar
Daily labels mark at the open of each new daily candle
Works on all instruments and timeframes
This indicator is ideal for traders who want objective, systematic trend identification without the complexity of analyzing multiple indicators manually across different timeframes.
-NATANTIA
