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SignalThis custom TradingView indicator, named "Signal," is designed to generate buy and sell signals based on the Stochastic Oscillator, a momentum indicator that compares a particular closing price of an asset to a range of its prices over a certain period of time. The indicator is set to overlay on the price chart, providing visual cues for potential trading opportunities. Key features of the "Signal" indicator include: 1. **Dynamic Period Adjustment**: The indicator automatically adjusts its settings based on the chart's time frame. For a 1-hour (60 minutes) chart, the stochastic length is set to 15, while for a 15-minute chart, the length is set to 10. 2. **Stochastic Calculation**: It calculates the %K line as a smoothed moving average (SMA) of the stochastic ratio, and the %D line as an SMA of the %K line, with both lines smoothed over a period derived from the dynamic length setting. 3. **Signal Detection**: The indicator identifies bullish crossovers (golden crosses) when the %K line crosses above the %D line and the average of both lines is below 50. Conversely, it detects bearish crossovers (death crosses) when the %K line crosses below the %D line and the average is above 50. 4. **Signal Confirmation**: Signals are confirmed using historical data with an offset of 1 bar to ensure that the crossover is evaluated after the close of the candlestick, thus avoiding repainting issues. 5. **Visual Indicators**: Buy signals are represented by green upward-pointing triangles placed below the bars, while sell signals are indicated by red downward-pointing triangles above the bars. 6. **Alerts**: The indicator includes alert conditions for both golden crosses and death crosses, notifying users when a potential buy or sell signal has been identified based on the stochastic crossover. This indicator can be a valuable tool for traders who follow stochastic momentum signals and prefer to have dynamic adjustments based on the chart's time frame. It is important to note that, as with all trading indicators, the "Signal" indicator should be used in conjunction with other forms of analysis to confirm trading signals and manage risk effectively.
Indicatore Pine Script®
di zrhe2016
Signals Pro [traderslog]The "Signals Pro" indicator is an advanced and versatile trading tool designed to help traders accurately identify key buy and sell signals using a combination of technical analysis factors such as candle patterns , RSI (Relative Strength Index) , and candle stability . It is highly customizable and offers a range of options that make it suitable for both short-term and long-term traders. By filtering market noise and providing actionable insights, this indicator enhances decision-making and helps traders capitalize on market movements. At the core of the "Signals Pro" indicator is the concept of Candle Stability . The Candle Stability Index measures the ratio between a candle's body and its wicks, providing insight into the strength of the price movement during that period. A higher value indicates that the candle is more stable, meaning that the price has moved significantly without much retracement. This stability filter is crucial because it prevents the generation of signals during volatile or choppy market conditions where price direction is uncertain. Traders can adjust the Candle Stability Index from 0 to 1, allowing for precise control over how stable a candle must be for the indicator to generate a signal. Another key feature is the use of RSI (Relative Strength Index) , a momentum oscillator that measures the speed and change of price movements. The RSI index parameter in the indicator can be customized to detect overbought or oversold conditions. When the RSI falls below the defined threshold, it signals that the market may be oversold , which can indicate a potential buying opportunity . Conversely, when the RSI exceeds a certain value, it suggests that the market is overbought , signaling a potential selling opportunity . This allows traders to time their trades more effectively by entering when market conditions are favorable and exiting before a potential reversal occurs. The Candle Delta Length is another critical element of the "Signals Pro" indicator. This parameter measures how much the price has increased or decreased over a specific number of candles. By adjusting the Candle Delta Length , traders can define how many periods the indicator should analyze before generating a signal. A longer Candle Delta Length means the price has been trending in one direction for a longer period, providing more reliable signals. For instance, if the price has been steadily decreasing for five candles, this could signal a bullish reversal , triggering a buy signal . To further enhance its accuracy, the "Signals Pro" indicator includes a unique feature that allows traders to disable repeating signals . This is particularly useful in situations where the market is moving sideways or during low volatility periods, where multiple signals may cluster close together, creating confusion. By enabling the disable repeating signals option, traders can prevent these repeated signals and focus on the most important and confirmed signals, ensuring cleaner charts and reducing the risk of overtrading. A key technical aspect of the indicator is its ability to detect bullish and bearish engulfing patterns . The indicator looks for bullish engulfing patterns, which occur when a bullish candle fully engulfs the body of the previous bearish candle, signaling a potential bullish reversal . Conversely, bearish engulfing patterns occur when a bearish candle fully engulfs the previous bullish candle, indicating a bearish reversal . By incorporating these candle patterns with the Candle Stability Index and RSI levels , the indicator provides highly reliable signals based on price action and market sentiment. Visual customization is another major advantage of the "Signals Pro" indicator. Traders can choose from several different label styles , such as text bubbles , triangles , or arrows to mark the buy and sell signals on the chart. This makes the signals stand out and easy to interpret at a glance. Furthermore, the color of these signals can be customized: green for buy signals and red for sell signals , along with options to adjust the text size and label styles for even more personalization. Traders can make the signals more or less prominent based on their preference, enhancing readability and workflow efficiency. The indicator also includes a comprehensive alert system , ensuring traders never miss an opportunity. Alerts can be set for both buy and sell signals , and the system triggers in real-time when a valid signal is generated. This is especially useful for active traders who want to stay on top of the markets without constantly monitoring their screens. The alert system helps ensure that traders are notified of potential trading opportunities as soon as they arise, allowing them to act quickly in volatile markets. From a practical standpoint, the "Signals Pro" indicator is designed to work seamlessly across multiple timeframes, making it suitable for scalpers, day traders, swing traders, and even long-term investors. Its flexibility allows it to adapt to different trading styles and time horizons, providing value for a wide range of market participants. In summary, the Signals Pro indicator offers a robust and customizable solution for identifying buy and sell signals . By combining candle stability , RSI analysis , and engulfing patterns , the indicator provides traders with reliable signals to enter or exit trades. The ability to customize signal appearance, coupled with a real-time alert system , makes the "Signals Pro" indicator an invaluable tool for traders looking to improve their timing and decision-making. Whether you are looking to capture short-term price movements or want to time entries and exits in longer-term trends, this indicator offers the insights needed to navigate the markets with confidence.
Indicatore Pine Script®
di traders_log
1
Signal for Backtesting-Trading Engine [PineCoders]This is a companion script to the PineCoders Backtesting-Trading Engine. It illustrates how to build a signal plot in another script, which can in turn be fed in the Engine to provide entry, exit, filter and stop information. Connection to the Engine is done through its “External Indicator” input field at the very bottom of the Engine’s Settings/Inputs. The Engine must be operating in study mode to be able to connect an external indicator to it. The way this script builds the signal is straightforward, as you will see in the code. Two aspects are worth mentioning: The “FudgeStop()” function used to fudge the stop value by one tick for the rare cases where it will match one of the protocol reserved values, i.e. 1, 2 or 3. The priority and exclusivity given to the different types of signals in the signal-building “Signal = …” line. No two signals can be sent simultaneously through the signal plot, except for the entry and stop combination. You can determine in this script’s Settings/Inputs the type of signals that will go through the signal plot. This script respects the following protocol: EXTERNAL SIGNAL PROTOCOL Only one external indicator can be connected to a script; in order to leverage its use to the fullest, the engine provides options to use it as either an entry signal, an entry/exit signal or a filter. When used as an entry signal, you can also use the signal to provide the entry’s stop. Here’s how this works: For filter state: supply +1 for bull (long entries allowed), -1 for bear (short entries allowed). For entry signals: supply +2 for long, -2 for short. For exit signals: supply +3 for exit from long, -3 for exit from short. To send an entry stop level with an entry signal: Send positive stop level for long entry (e.g. 103.33 to enter a long with a stop at 103.33), negative stop level for short entry (e.g. -103.33 to enter a short with a stop at 103.33). If you use this feature, your indicator will have to check for exact stop levels of 1.0, 2.0 or 3.0 and their negative counterparts, and fudge them with a tick in order to avoid confusion with other signals in the protocol. Remember that mere generation of the values by your indicator will have no effect until you explicitly allow their use in the appropriate sections of the Engine’s Settings/Inputs. Look first. Then leap.
Indicatore Pine Script®
di PineCoders
14
Signal Filter / Connectable [Azullian]The connectable signal filter is an intricate part of an indicator system designed to help test, visualize and build strategy configurations without coding. Like all connectable indicators , it interacts through the TradingView input source, which serves as a signal connector to link indicators to each other. All connectable indicators send signal weight to the next node in the system until it reaches either a connectable signal monitor, signal filter and/or strategy. The connectable signal filter's function has several roles in the connectable system:  • Input hub: Connect indicators or daisy-chained indicators directly to the filter, manage connections in one place  • Modification: Modify incoming signals by applying smoothing, scaling, or modifiers  • Filtering: Set the trade direction and conditions a signal must adhere to to be passed through  • Visualization: When connected, the signal filter visualizes all incoming signal weights Let's review the separate parts of this indicator. █  INPUTS We've provided 3 inputs for connecting indicators or chains (1→, 2→, 3→) which are all set to 'Close' by default. An input has several controls:  • Enable disable: Toggle the entire input on or off  • Input: Connect indicators here, choose indicators with a compatible : Signal connector.  • G - Gain: Increase or reduce the strength of the incoming signal by a factor. █  FILTER SIGNALS The core of the signal filter , determine a signal direction with the signal mode and determine a threshold (TH).  • ¤ - Trade direction:     ○ EL: Send Enter Long signals to the strategy     ○ XL: Send Exit Long signals to the strategy     ○ ES: Send Enter Short signals to the strategy     ○ XS: Send Exit Short signals to the strategy  • TH - Threshold: Define how much weight is needed for a signal to be accepted and passed through to the connectable strategy . ■ VISUALS  • ☼: Brightness % : Set the opacity for the signal curves  • 🡓: ES Color : Set the color for the ES: Entry Short signal  • ⭳: XS Color : Set the color for the XS: Exit Short signal  • ⌥: Plot mode : Set the plotting mode     ○ Signals IN: Show all signals     ○ Signals OUT: Show only scoring signals  • 🡑: EL Color : Set the color for the EL: Enter Long signal  • ⭱: XL Color : Set the color for the XL: Exit Long signal █ USAGE OF CONNECTABLE INDICATORS  ■ Connectable chaining mechanism Connectable indicators can be connected directly to the signal monitor, signal filter or strategy , or they can be daisy chained to each other while the last indicator in the chain connects to the signal monitor, signal filter or strategy. When using a signal filter you can chain the filter to the strategy input to make your chain complete.  • Direct chaining: Connect an indicator directly to the signal monitor, signal filter or strategy through the provided inputs (→).  • Daisy chaining: Connect indicators using the indicator input (→). The first in a daisy chain should have a flow (⌥) set to 'Indicator only'. Subsequent indicators use 'Both' to pass the previous weight. The final indicator connects to the signal monitor, signal filter, or strategy.  ■ Set up the signal filter with a connectable indicator and strategy Let's connect the MACD to a connectable signal filter and a strategy : 1. Load all relevant indicators  • Load MACD / Connectable  • Load Signal filter / Connectable  • Load Strategy / Connectable 2. Signal Filter: Connect the MACD to the Signal Filter  • Open the signal filter settings  • Choose one of the three input dropdowns (1→, 2→, 3→) and choose : MACD / Connectable: Signal Connector  • Toggle the enable box before the connected input to enable the incoming signal 3. Signal Filter: Update the filter settings if needed  • The default filter mode for the trading direction is SWING, and is compatible with the default settings in the strategy and indicators. 4. Signal Filter: Update the weight threshold settings if needed  • All connectable indicators load by default with a score of 6 for each direction (EL, XL, ES, XS)  • By default, weight threshold (TH) in the signal filter is set at 5. This allows each occurrence to score, as the default score in each / Connectable indicator is 6 and thus is 1 point above the threshold. Adjust to your liking. 5. Strategy: Connect the strategy to the signal filter in the strategy settings  • Select a strategy input → and select the Signal filter: Signal connector 6. Strategy: Enable filter compatible directions  • As the default setting of the signal filter has enabled EL (Enter Long), XL (Exit Long), ES (Enter Short) and XS (Exit short), the connectable strategy will receive all compatible directions. Now that everything is connected, you'll notice green spikes in the signal filter representing long signals, and red spikes indicating short signals. Trades will also appear on the chart, complemented by a performance overview. Your journey is just beginning: delve into different scoring mechanisms, merge diverse connectable indicators, and craft unique chains. Instantly test your results and discover the potential of your configurations. Dive deep and enjoy the process! █ BENEFITS • Adaptable Modular Design: Arrange indicators in diverse structures via direct or daisy chaining, allowing tailored configurations to align with your analysis approach. • Streamlined Backtesting: Simplify the iterative process of testing and adjusting combinations, facilitating a smoother exploration of potential setups. • Intuitive Interface: Navigate TradingView with added ease. Integrate desired indicators, adjust settings, and establish alerts without delving into complex code. • Signal Weight Precision: Leverage granular weight allocation among signals, offering a deeper layer of customization in strategy formulation. • Advanced Signal Filtering: Define entry and exit conditions with more clarity, granting an added layer of strategy precision. • Clear Visual Feedback: Distinct visual signals and cues enhance the readability of charts, promoting informed decision-making. • Standardized Defaults: Indicators are equipped with universally recognized preset settings, ensuring consistency in initial setups across different types like momentum or volatility. • Reliability: Our indicators are meticulously developed to prevent repainting. We strictly adhere to TradingView's coding conventions, ensuring our code is both performant and clean. █ COMPATIBLE INDICATORS Each indicator that incorporates our open-source 'azLibConnector' library and adheres to our conventions can be effortlessly integrated and used as detailed above. For clarity and recognition within the TradingView platform, we append the suffix ' / Connectable' to every compatible indicator. █ COMMON MISTAKES, CLARIFICATIONS AND TIPS  • Removing an indicator from a chain: Deleting a linked indicator and confirming the "remove study tree" alert will also remove all underlying indicators in the object tree. Before removing one, disconnect the adjacent indicators and move it to the object stack's bottom.  • Point systems: The azLibConnector provides 500 points for each direction (EL: Enter long, XL: Exit long, ES: Enter short, XS: Exit short) Remember this cap when devising a point structure.  • Flow misconfiguration: In daisy chains the first indicator should always have a flow (⌥) setting of 'indicator only' while other indicator should have a flow (⌥) setting of 'both'.  • Hide attributes: As connectable indicators send through quite some information you'll notice all the arguments are taking up some screenwidth and cause some visual clutter. You can disable arguments in Chart Settings / Status line.  • Layout and abbreviations: To maintain a consistent structure, we use abbreviations for each input. While this may initially seem complex, you'll quickly become familiar with them. Each abbreviation is also explained in the inline tooltips.  • Inputs: Connecting a connectable indicator directly to the strategy delivers the raw signal without a weight threshold, meaning every signal will trigger a trade. █ A NOTE OF GRATITUDE Through years of exploring TradingView and Pine Script, we've drawn immense inspiration from the community's knowledge and innovation. Thank you for being a constant source of motivation and insight. █ RISK DISCLAIMER Azullian's content, tools, scripts, articles, and educational offerings are presented purely for educational and informational uses. Please be aware that past performance should not be considered a predictor of future results.
Indicatore Pine Script®
di azullian
3
Signal Monitor / Connectable [Azullian]The connectable signal monitor is a connectable tool to help test, visualize signal weights. Like all connectable indicators , it interacts through the TradingView input source, which serves as a signal connector to link indicators to each other. All connectable indicators send signal weight to the next node in the system until it reaches either a connectable signal monitor, signal filter and/or strategy. Let's review the separate parts of this indicator. █  INPUTS We've provided 3 inputs for connecting indicators or chains (1→, 2→, 3→) which are all set to 'Close' by default. An input has several controls:  • Enable disable: Toggle the entire input on or off  • Input: Connect indicators here, choose indicators with a compatible : Signal connector. ■ VISUALS  • ☼: Brightness % : Set the opacity for the signal curves  • 🡓: ES Color : Set the color for the ES: Entry Short signal  • ⭳: XS Color : Set the color for the XS: Exit Short signal  • ⌥: Plot mode : Set the plotting mode     ○ Signals IN: Show all signals     ○ Signals OUT: Show only scoring signals  • 🡑: EL Color : Set the color for the EL: Enter Long signal  • ⭱: XL Color : Set the color for the XL: Exit Long signal █ USAGE OF CONNECTABLE INDICATORS  ■ Connectable chaining mechanism Connectable indicators can be connected directly to the signal monitor, signal filter or strategy , or they can be daisy chained to each other while the last indicator in the chain connects to the connectable signal monitor, signal filter or strategy . When using a signal filter or signal monitor you can chain the filter to the strategy input to make your chain complete.  • Direct chaining: Connect an indicator directly to the signal monitor, signal filter or strategy through the provided inputs (→).  • Daisy chaining: Connect indicators using the indicator input (→). The first in a daisy chain should have a flow (⌥) set to 'Indicator only'. Subsequent indicators use 'Both' to pass the previous weight. The final indicator connects to the signal monitor, signal filter, or strategy.  ■ Set up the signal monitor with a connectable indicator and strategy Let's connect the MACD to a connectable signal monitor : 1. Load all relevant indicators  • Load MACD / Connectable  • Load Signal monitor / Connectable 2. Signal Monitor: Connect the MACD to the Signal Monitor  • Open the signal monitor settings  • Choose one of the three input dropdowns (1→, 2→, 3→) and choose : MACD / Connectable: Signal Connector  • Toggle the enable box before the connected input to enable the incoming signal Now that everything is connected, you'll notice green spikes in the signal monitor representing long signals, and red spikes indicating short signals. █ BENEFITS • Adaptable Modular Design: Arrange indicators in diverse structures via direct or daisy chaining, allowing tailored configurations to align with your analysis approach. • Streamlined Backtesting: Simplify the iterative process of testing and adjusting combinations, facilitating a smoother exploration of potential setups. • Intuitive Interface: Navigate TradingView with added ease. Integrate desired indicators, adjust settings, and establish alerts without delving into complex code. • Signal Weight Precision: Leverage granular weight allocation among signals, offering a deeper layer of customization in strategy formulation. • Advanced Signal Filtering: Define entry and exit conditions with more clarity, granting an added layer of strategy precision. • Clear Visual Feedback: Distinct visual signals and cues enhance the readability of charts, promoting informed decision-making. • Standardized Defaults: Indicators are equipped with universally recognized preset settings, ensuring consistency in initial setups across different types like momentum or volatility. • Reliability: Our indicators are meticulously developed to prevent repainting. We strictly adhere to TradingView's coding conventions, ensuring our code is both performant and clean. █ COMPATIBLE INDICATORS Each indicator that incorporates our open-source 'azLibConnector' library and adheres to our conventions can be effortlessly integrated and used as detailed above. For clarity and recognition within the TradingView platform, we append the suffix ' / Connectable' to every compatible indicator. █ COMMON MISTAKES, CLARIFICATIONS AND TIPS  • Removing an indicator from a chain: Deleting a linked indicator and confirming the "remove study tree" alert will also remove all underlying indicators in the object tree. Before removing one, disconnect the adjacent indicators and move it to the object stack's bottom.  • Point systems: The azLibConnector provides 500 points for each direction (EL: Enter long, XL: Exit long, ES: Enter short, XS: Exit short) Remember this cap when devising a point structure.  • Flow misconfiguration: In daisy chains the first indicator should always have a flow (⌥) setting of 'indicator only' while other indicator should have a flow (⌥) setting of 'both'.  • Hide attributes: As connectable indicators send through quite some information you'll notice all the arguments are taking up some screenwidth and cause some visual clutter. You can disable arguments in Chart Settings / Status line.  • Layout and abbreviations: To maintain a consistent structure, we use abbreviations for each input. While this may initially seem complex, you'll quickly become familiar with them. Each abbreviation is also explained in the inline tooltips.  • Inputs: Connecting a connectable indicator directly to the strategy delivers the raw signal without a weight threshold, meaning every signal will trigger a trade. █ A NOTE OF GRATITUDE Through years of exploring TradingView and Pine Script, we've drawn immense inspiration from the community's knowledge and innovation. Thank you for being a constant source of motivation and insight. █ RISK DISCLAIMER Azullian's content, tools, scripts, articles, and educational offerings are presented purely for educational and informational uses. Please be aware that past performance should not be considered a predictor of future results.
Indicatore Pine Script®
di azullian
1
Signal generatorThis simple script generates signals for testing the connection from TradingView to a REST API client via the webhook and demonstrates very basic concepts of gerenating alerts within the script. This script also demonstrates how to visualize when a buy or a sell should take place and how to use diagnostics text for bug fixes/informational purposes. This is for testing and learning only. Do not use with real money as losses WILL occur. This script is for educational purposes only and should only be used with demo accounts, never with real money . Buy signals are generated when closing price is less then opening price. Sell Signals are generated when closing price is greater then opening price. Can also be used to test signal counting and very rudimentary dollar cost averaging.
Indicatore Pine Script®
di RobertD7723
Signal to Noise Ratio [SNR]Intro This script measures the Signal to Noise ratio of a security and plots it in deciBels scale! Usage Ideally, you would want the ratio to be above 10 dB, meaning the Signal strength is 10x the noise strength. As a baseline, you should not rely on indicators that use any kind of moving average if the SNR is below 6 dB - meaning Signal strength is only 4x noise strength. I've written the SNR as a functional block so you may simply copy and paste, then call getSNR() to get the ratio in dB. Principle I consider a bar's High and Low to be the range of that period and (High + Low)/2 to be the "real" value of the signal. This script compares a bars range (noise) to the perceived signal using a Hilbert Transform. Cheers, DasanC
Indicatore Pine Script®
di DasanC
5
Signal Tester (v1.2)This is an automation test Strategy, which helps you to get Strategy Alerts quickly on the 1m chart. This is useful when you want to start automating Strategies but first you want to see if the connection between TradingView and your automation tool works properly. This Strategy sends LONG Buy/Sell signals every 1 minute so you don't have to wait for a long time to see if your integration with an automation tool works. How it works: It works on the 1m chart Every 1 minute it will send a BUY or a SELL signal (alternating between them forever)
Strategia Pine Script®
di michaelionita
Band of Filtered RS by Mustafa ÖZVERBand of Filtered RS by Mustafa ÖZVER This code shows a range (max-min values) price may get if we get strong movements. These values is based on RSI (Relative Strange Index). And also these are calculated using RSI, if we get trades to make rsi is equal to 25 (or rsi down limit) or 75 (rsi up limit) or any value you set, how much will price value get? This code calculate these and shows these to you on graph. This price are between these band limits because we expect cross reaction to hard movements on price. For scalping, we can use these values as long signal when price under down limit, short signal when price over up limit, But only these values can not guarantee good results for trading. BE CAREFUL
Indicatore Pine Script®
di Mustafaozver
1
Signal To Noise RatioDetermines a S:N ratio and plots a level as a threshold for noise. From ProRealCode www.prorealcode.com This technical indicator is an attempt to find the good momentum of trend : is it actually trending or in a range market? Interestingly, it follows that pi is not only the ratio between the length of a circle to its diameter, it is also a constant rather appears in statistics and, oddly enough, in the relationship between the distance between a price oscillation and a straight line. If the signal / noise ratio is less than or equal to 1/2 pi, we will be in a trading range or range. If the signal / noise ratio is greater than 1/2 pi, we are in a trending market.
Indicatore Pine Script®
di wpatte15
[RS][NM]Improved Linear Regression Bull and Bear Power v01The base code for this indicator was created by RicardoSantos What I added is a signal line that indicates when to buy and when to sell. Advised use : Combine with a zero-lag indicator like ZeroLagEMA_LB by LazyBear (suggested period = 34) Then use the following Rules of engagement : Current price > ZLEMA & Signal line of BBP_NM is green : BUY Current price < ZLEMA & Signal line of BBP_NM is red : SELL Please click the like button if you dig this indicator !
Indicatore Pine Script®
di Profit_Through_Patience
28
Uptrick: DPO Signal & Zone Indicator ## **Uptrick: DPO Signal & Zone Indicator** ### **Introduction:** The **Uptrick: DPO Signal & Zone Indicator** is a sophisticated technical analysis tool tailored to provide insights into market momentum, identify potential trading signals, and recognize extreme market conditions. It leverages the Detrended Price Oscillator (DPO) to strip out long-term trends from price movements, allowing traders to focus on short-term fluctuations and cyclical behavior. The indicator integrates multiple components, including a Detrended Price Oscillator, a Signal Line, a Histogram, and customizable alert levels, to deliver a robust framework for market analysis and trading decision-making. ### **Detailed Breakdown:** #### **1. Detrended Price Oscillator (DPO):** - **Purpose and Functionality:** - The DPO is designed to filter out long-term trends from the price data, isolating short-term price movements. This helps in understanding the cyclical patterns and momentum of an asset, allowing traders to detect periods of acceleration or deceleration that might be overlooked when focusing solely on long-term trends. - **Calculation:** - **Formula:** `dpo = close - ta.sma(close, smaLength)` - **`close`:** The asset’s closing price for each period in the dataset. - **`ta.sma(close, smaLength)`:** The Simple Moving Average (SMA) of the closing prices over a period defined by `smaLength`. - The DPO is derived by subtracting the SMA value from the current closing price. This calculation reveals how much the current price deviates from the moving average, effectively detrending the price data. - **Interpretation:** - **Positive DPO Values:** Indicate that the current price is higher than the moving average, suggesting bullish market conditions and a potential upward trend. - **Negative DPO Values:** Indicate that the current price is lower than the moving average, suggesting bearish market conditions and a potential downward trend. - **Magnitude of DPO:** Reflects the strength of momentum. Larger positive or negative values suggest stronger momentum in the respective direction. #### **2. Signal Line:** - **Purpose and Functionality:** - The Signal Line is a smoothed average of the DPO, intended to act as a reference point for generating trading signals. It helps to filter out short-term fluctuations and provides a clearer perspective on the prevailing trend. - **Calculation:** - **Formula:** `signalLine = ta.sma(dpo, signalLength)` - **`ta.sma(dpo, signalLength)`:** The SMA of the DPO values over a period defined by `signalLength`. - The Signal Line is calculated by applying a moving average to the DPO values. This smoothing process reduces noise and highlights the underlying trend direction. - **Interpretation:** - **DPO Crossing Above Signal Line:** Generates a buy signal, suggesting that short-term momentum is turning bullish relative to the longer-term trend. - **DPO Crossing Below Signal Line:** Generates a sell signal, suggesting that short-term momentum is turning bearish relative to the longer-term trend. - **Signal Line’s Role:** Provides a benchmark for assessing the strength of the DPO. The interaction between the DPO and the Signal Line offers actionable insights into potential entry or exit points. #### **3. Histogram:** - **Purpose and Functionality:** - The Histogram visualizes the difference between the DPO and the Signal Line. It provides a graphical representation of momentum strength and direction, allowing traders to quickly gauge market conditions. - **Calculation:** - **Formula:** `histogram = dpo - signalLine` - The Histogram is computed by subtracting the Signal Line value from the DPO value. Positive values indicate that the DPO is above the Signal Line, while negative values indicate that the DPO is below the Signal Line. - **Interpretation:** - **Color Coding:** - **Green Bars:** Represent positive values, indicating bullish momentum. - **Red Bars:** Represent negative values, indicating bearish momentum. - **Width of Bars:** Indicates the strength of momentum. Wider bars signify stronger momentum, while narrower bars suggest weaker momentum. - **Zero Line:** A horizontal gray line that separates positive and negative histogram values. Crosses of the histogram through this zero line can signal shifts in momentum direction. #### **4. Alert Levels:** - **Purpose and Functionality:** - Alert levels define specific thresholds to identify extreme market conditions, such as overbought and oversold states. These levels help traders recognize potential reversal points and extreme market conditions. - **Inputs:** - **`alertLevel1`:** Defines the upper threshold for identifying overbought conditions. - **Default Value:** 0.5 - **`alertLevel2`:** Defines the lower threshold for identifying oversold conditions. - **Default Value:** -0.5 - **Interpretation:** - **Overbought Condition:** When the DPO exceeds `alertLevel1`, indicating that the market may be overbought. This condition suggests that the asset could be due for a correction or reversal. - **Oversold Condition:** When the DPO falls below `alertLevel2`, indicating that the market may be oversold. This condition suggests that the asset could be poised for a rebound or reversal. #### **5. Visual Elements:** - **DPO and Signal Line Plots:** - **DPO Plot:** - **Color:** Blue - **Width:** 2 pixels - **Purpose:** To visually represent the deviation of the current price from the moving average. - **Signal Line Plot:** - **Color:** Red - **Width:** 1 pixel - **Purpose:** To provide a smoothed reference for the DPO and generate trading signals. - **Histogram Plot:** - **Color Coding:** - **Green:** For positive values, signaling bullish momentum. - **Red:** For negative values, signaling bearish momentum. - **Style:** Histogram bars are displayed with varying width to represent the strength of momentum. - **Zero Line:** A gray horizontal line separating positive and negative histogram values. - **Overbought/Oversold Zones:** - **Background Colors:** - **Green Shading:** Applied when the DPO exceeds `alertLevel1`, indicating an overbought condition. - **Red Shading:** Applied when the DPO falls below `alertLevel2`, indicating an oversold condition. - **Horizontal Lines:** - **Dotted Green Line:** At `alertLevel1`, marking the upper alert threshold. - **Dotted Red Line:** At `alertLevel2`, marking the lower alert threshold. - **Purpose:** To provide clear visual cues for extreme market conditions, aiding in the identification of potential reversal points. #### **6. Trading Signals and Alerts:** - **Buy Signal:** - **Trigger:** When the DPO crosses above the Signal Line. - **Visual Representation:** A "BUY" label appears below the price bar in the specified buy color. - **Purpose:** Indicates a potential buying opportunity as short-term momentum turns bullish. - **Sell Signal:** - **Trigger:** When the DPO crosses below the Signal Line. - **Visual Representation:** A "SELL" label appears above the price bar in the specified sell color. - **Purpose:** Indicates a potential selling opportunity as short-term momentum turns bearish. - **Overbought/Oversold Alerts:** - **Overbought Alert:** Triggered when the DPO crosses below `alertLevel1`. - **Oversold Alert:** Triggered when the DPO crosses above `alertLevel2`. - **Visual Representation:** Labels "OVERBOUGHT" and "OVERSOLD" appear with distinctive colors and sizes to highlight extreme conditions. - **Purpose:** To signal potential reversal points and extreme market conditions that may lead to price corrections or trend reversals. - **Alert Conditions:** - **DPO Cross Above Signal Line:** Alerts traders when the DPO crosses above the Signal Line, generating a buy signal. - **DPO Cross Below Signal Line:** Alerts traders when the DPO crosses below the Signal Line, generating a sell signal. - **DPO Above Upper Alert Level:** Alerts when the DPO is above `alertLevel1`, indicating an overbought condition. - **DPO Below Lower Alert Level:** Alerts when the DPO is below `alertLevel2`, indicating an oversold condition. - **Purpose:** To provide real-time notifications of significant market events, enabling traders to make informed decisions promptly. ### **Practical Applications:** #### **1. Trend Following Strategies:** - **Objective:** - To capture and ride the prevailing market trends by entering trades that align with the direction of the momentum. - **How to Use:** - Monitor buy and sell signals generated by the DPO crossing the Signal Line. A buy signal suggests a bullish trend and a potential long trade, while a sell signal suggests a bearish trend and a potential short trade. - Use the Histogram to confirm the strength of the trend. Expanding green bars indicate strong bullish momentum, while expanding red bars indicate strong bearish momentum. - **Advantages:** - Helps traders stay aligned with the market trend, increasing the likelihood of capturing substantial price moves. #### **2. Reversal Trading:** - **Objective:** - To identify potential market reversals by detecting overbought and oversold conditions. - **How to Use:** - Look for overbought and oversold signals based on the DPO crossing `alertLevel1` and `alertLevel2`. These conditions suggest that the market may be due for a reversal. - Confirm reversal signals with the Histogram. A decrease in histogram bars (from green to red or vice versa) may support the reversal hypothesis. - **Advantages:** - Provides early warnings of potential market reversals, allowing traders to position themselves before significant price changes occur. #### **3. Momentum Analysis:** - **Objective:** - To gauge the strength and direction of market momentum for making informed trading decisions. - **How to Use:** - Analyze the Histogram to assess momentum strength. Positive and expanding histogram bars indicate increasing bullish momentum, while negative and expanding bars suggest increasing bearish momentum. - Use momentum insights to validate or question existing trading positions and strategies. - **Advantages:** - Offers valuable information about the market's momentum, helping traders confirm the validity of trends and trading signals. ### **Customization and Flexibility:** The **Uptrick: DPO Signal & Zone Indicator** offers extensive customization options to accommodate diverse trading preferences and market conditions: - **SMA Length and Signal Line Length:** - Adjust the `smaLength` and `signalLength` parameters to control the sensitivity and responsiveness of the DPO and Signal Line. Shorter lengths make the indicator more responsive to price changes, while longer lengths provide smoother, less volatile signals. - **Alert Levels:** - Modify `alertLevel1` and `alertLevel2` to fit varying market conditions and volatility. Setting these levels appropriately helps tailor the indicator to different asset classes and trading strategies. - **Color and Shape Customization:** - Customize the colors and sizes of buy/sell signals, histogram bars, and alert levels to enhance visual clarity and align with personal preferences. This customization helps ensure that the indicator integrates seamlessly with a trader's charting setup. ### **Conclusion:** The **Uptrick: DPO Signal & Zone Indicator** is a multifaceted analytical tool that combines the power of the Detrended Price Oscillator with customizable visual elements and alert levels to deliver a comprehensive approach to market analysis. By offering insights into momentum strength, trend direction, and potential reversal points, this indicator equips traders with valuable information to make informed decisions and enhance their trading strategies. Its flexibility and customization options ensure that it can be adapted to various trading styles and market conditions, making it a versatile addition to any trader's toolkit.
Indicatore Pine Script®
di Uptrick
1
Multiple (12) Strong Buy/Sell Signals + Momentum Indicator Manual: "Multiple (12) Strong Buy/Sell Signals + Momentum" This indicator is designed to identify strong buy and sell signals based on 12 configurable conditions, which include a variety of technical analysis methods such as trend-following indicators, pattern recognition, volume analysis, and momentum oscillators. It allows for customizable alerts and visual cues on the chart. The indicator helps traders spot potential entry and exit points by displaying buy and sell signals based on the selected conditions. Key Observations: • The script integrates multiple indicators and pattern recognition methods to provide comprehensive buy/sell signals. • Trend-based indicators like EMAs and MACD are combined with pattern recognition (flags, triangles) and momentum-based signals (RSI, ADX, and volume analysis). • User customization is a core feature, allowing adjustments to the conditions and thresholds for more tailored signals. • The script is designed to be responsive to market conditions, with multiple conditions filtering out noise to generate reliable signals. ________________________________________ Key Features: 1. 12 Combined Buy/Sell Signal Conditions: This indicator incorporates a diverse set of conditions based on trend analysis, momentum, and price patterns. 2. Minimum Conditions Input: You can adjust the threshold of conditions that need to be met for the buy/sell signals to appear. 3. Alert Customization: Set alert thresholds for both buy and sell signals. 4. Dynamic Visualization: Buy and sell signals are shown as triangles on the chart, with momentum signals highlighted as circles. ________________________________________ Detailed Description of the 12 Conditions: 1. Exponential Moving Averages (EMA): o Conditions: The indicator uses EMAs with periods 3, 8, and 13 for quick trend-following signals. o Bullish Signal: EMA3 > EMA8 > EMA13 (Bullish stack). o Bearish Signal: EMA3 < EMA8 < EMA13 (Bearish stack). o Reversal Signal: The crossing over or under of these EMAs can signify trend reversals. 2. MACD (Moving Average Convergence Divergence): o Fast MACD (2, 7, 3) is used to confirm trends quickly. o Bullish Signal: When the MACD line crosses above the signal line. o Bearish Signal: When the MACD line crosses below the signal line. 3. Donchian Channel: o Tracks the highest high and lowest low over a given period (default 20). o Breakout Signal: Price breaking above the upper band is bullish; breaking below the lower band is bearish. 4. VWAP (Volume-Weighted Average Price): o Above VWAP: Bullish condition (price above VWAP). o Below VWAP: Bearish condition (price below VWAP). 5. EMA Stacking & Reversal: o Tracks the order of EMAs (3, 8, 13) to confirm strong trends and reversals. o Bullish Reversal: EMA3 < EMA8 < EMA13 followed by a crossing to bullish. o Bearish Reversal: EMA3 > EMA8 > EMA13 followed by a crossing to bearish. 6. Bull/Bear Flags: o Bull Flag: Characterized by a strong price movement (flagpole) followed by a pullback and breakout. o Bear Flag: Similar to Bull Flag but in the opposite direction. 7. Triangle Patterns (Ascending and Descending): o Detects ascending and descending triangles using pivot highs and lows. o Ascending Triangle: Higher lows and flat resistance. o Descending Triangle: Lower highs and flat support. 8. Volume Sensitivity: o Identifies price moves with significant volume increases. o High Volume: When current volume is significantly above the moving average volume (set to 1.2x of the average). 9. Momentum Indicators: o RSI (Relative Strength Index): Confirms overbought and oversold levels with thresholds set at 65 (overbought) and 35 (oversold). o ADX (Average Directional Index): Confirms strong trends when ADX > 28. o Momentum Up: Momentum is upward with strong volume and bullish RSI/ADX conditions. o Momentum Down: Momentum is downward with strong volume and bearish RSI/ADX conditions. 10. Bollinger & Keltner Squeeze: o Squeeze Condition: A contraction in both Bollinger Bands and Keltner Channels indicates low volatility, signaling a potential breakout. o Squeeze Breakout: Price breaking above or below the squeeze bands. 11. 3 Consecutive Candles Condition: o Bullish: Price rises for three consecutive candles with higher highs and lows. o Bearish: Price falls for three consecutive candles with lower highs and lows. 12. Williams %R and Stochastic RSI: o Williams %R: A momentum oscillator with signals when the line crosses certain levels. o Stochastic RSI: Provides overbought/oversold levels with smoother signals. o Combined Signals: You can choose whether to require both WPR and StochRSI to signal a buy/sell. ________________________________________ User Inputs (Inputs Tab): 1. Minimum Conditions for Buy/Sell: o min_conditions: Number of conditions required to trigger a buy/sell signal on the chart (1 to 12). o Alert_min_conditions: User-defined alert threshold (how many conditions must be met before an alert is triggered). 2. Donchian Channel Settings: o Show Donchian: Toggle visibility of the Donchian channel. o Donchian Length: The length of the Donchian Channel (default 20). 3. Bull/Bear Flag Settings: o Bull Flag Flagpole Strength: ATR multiplier to define the strength of the flagpole. o Bull Flag Pullback Length: Length of pullback for the bull flag pattern. o Bull Flag EMA Length: EMA length used to confirm trend during bull flag pattern. Similar settings exist for Bear Flag patterns. 4. Momentum Indicators: o RSI Length: Period for calculating the RSI (default 9). o RSI Overbought: Overbought threshold for the RSI (default 65). o RSI Oversold: Oversold threshold for the RSI (default 35). 5. Bollinger/Keltner Squeeze Settings: o Squeeze Width Threshold: The maximum width of the Bollinger and Keltner Bands for squeeze conditions. 6. Stochastic RSI Settings: o Stochastic RSI Length: The period for calculating the Stochastic RSI. 7. WPR Settings: o WPR Length: Period for calculating Williams %R (default 14). ________________________________________ User Inputs (Style Tab): 1. Signal Plotting: o Control the display and colors of the buy/sell signals, momentum indicators, and pattern signals on the chart. o Buy/Sell Signals: Can be customized with different colors and shapes (triangle up for buys, triangle down for sells). o Momentum Signals: Custom circle placement for momentum-up or momentum-down signals. 2. Donchian Channel: o Show Donchian: Toggle visibility of the Donchian upper, lower, and middle bands. o Band Colors: Choose the color for each band (upper, lower, middle). ________________________________________ How to Use the Indicator: 1. Adjust Minimum Conditions: Set the minimum number of conditions that must be met for a signal to appear. For example, set it to 5 if you want only stronger signals. 2. Set Alert Threshold: Define the number of conditions needed to trigger an alert. This can be different from the minimum conditions for visual signals. 3. Customize Appearance: Modify the colors and styles of the signals to match your preferences. ________________________________________ Conclusion: This comprehensive trading indicator uses a combination of trend-following, pattern recognition, and momentum-based conditions to help you spot potential buy and sell opportunities. By adjusting the input settings, you can fine-tune it to match your specific trading strategy, making it a versatile tool for different market conditions. Signal Reliability Based on Condition Count The reliability of the buy/sell signals increases as more conditions are met. Here's a breakdown of the probabilities: 1. 1-3 Conditions Met: Lower Probability o Signals that meet only 1-3 conditions tend to have lower reliability and are considered less probable. These signals may represent false positives or weaker market movements, and traders should approach them with caution. 2. 4 Conditions Met: More Reliable Signal o When 4 conditions are met, the signal becomes more reliable. This indicates that multiple indicators or market patterns are aligning, increasing the likelihood of a valid buy/sell opportunity. While not foolproof, it's a stronger indication that the market may be moving in a particular direction. 3. 5-6 Conditions Met: Strong Signal o A signal meeting 5-6 conditions is considered a strong signal. This indicates a well-confirmed move, with several technical indicators and market factors aligning to suggest a higher probability of success. These are the signals that traders often prioritize. 4. 7+ Conditions Met: Rare and High-Confidence Signal o Signals that meet 7 or more conditions are rare and should be considered high-confidence signals. These represent a significant alignment of multiple factors, and while they are less frequent, they are highly reliable when they do occur. Traders can be more confident in acting on these signals, but they should still monitor market conditions for confirmation. ________________________________________ You can adjust the number of conditions as needed, but this breakdown should give a clear structure on how the signal strength correlates with the number of conditions met!
Indicatore Pine Script®
di LouisMont
1
Stoch RSI and RSI Buy/Sell Signals with MACD Trend FilterDescription of the Indicator This Pine Script is designed to provide traders with buy and sell signals based on the combination of Stochastic RSI, RSI, and MACD indicators, enhanced by the confirmation of candle colors. The primary goal is to facilitate informed trading decisions in various market conditions by utilizing different indicators and their interactions. The script allows customization of various parameters, providing flexibility for traders to adapt it to their specific trading styles. Usefulness This indicator is not just a mashup of existing indicators; it integrates the functionality of multiple momentum and trend-detection methods into a cohesive trading tool. The combination of Stochastic RSI, RSI, and MACD offers a well-rounded approach to analyzing market conditions, allowing traders to identify entry and exit points effectively. The inclusion of color-coded signals (strong vs. weak) further enhances its utility by providing visual cues about the strength of the signals. How to Use This Indicator Input Settings: Adjust the parameters for the Stochastic RSI, RSI, and MACD to fit your trading style. Set the overbought/oversold levels according to your risk tolerance. Signal Colors: Strong Buy Signal: Indicated by a green label and confirmed by a green candle (close > open). Weak Buy Signal: Indicated by a blue label and confirmed by a green candle (close > open). Strong Sell Signal: Indicated by a red label and confirmed by a red candle (close < open). Weak Sell Signal: Indicated by an orange label and confirmed by a red candle (close < open). Example Trading Strategy Using This Indicator To effectively use this indicator as part of your trading strategy, follow these detailed steps: Setup: Timeframe : Select a timeframe that aligns with your trading style (e.g., 15-minute for intraday, 1-hour for swing trading, or daily for longer-term positions). Indicator Settings : Customize the Stochastic RSI, RSI, and MACD parameters to suit your trading approach. Adjust overbought/oversold levels to match your risk tolerance. Strategy: 1. Strong Buy Entry Criteria : Wait for a strong buy signal (green label) when the RSI is at or below the oversold level (e.g., ≤ 35), indicating a deeply oversold market. Confirm that the MACD shows a decreasing trend (bearish momentum weakening) to validate a potential reversal. Ensure the current candle is green (close > open) if candle color confirmation is enabled. Example Use : On a 1-hour chart, if the RSI drops below 35, MACD shows three consecutive bars of decreasing negative momentum, and a green candle forms, enter a buy position. This setup signals a robust entry with strong momentum backing it. 2. Weak Buy Entry Criteria : Monitor for weak buy signals (blue label) when RSI is above the oversold level but still below the neutral (e.g., between 36 and 50). This indicates a market recovering from an oversold state but not fully reversing yet. These signals can be used for early entries with additional confirmations, such as support levels or higher timeframe trends. Example Use : On the same 1-hour chart, if RSI is at 45, the MACD shows momentum stabilizing (not necessarily negative), and a green candle appears, consider a partial or cautious entry. Use this as an early warning for a potential bullish move, especially when higher timeframe indicators align. 3. Strong Sell Entry Criteria : Look for a strong sell signal (red label) when RSI is at or above the overbought level (e.g., ≥ 65), signaling a strong overbought condition. The MACD should show three consecutive bars of increasing positive momentum to indicate that the bullish trend is weakening. Ensure the current candle is red (close < open) if candle color confirmation is enabled. Example Use : If RSI reaches 70, MACD shows increasing momentum that starts to level off, and a red candle forms on a 1-hour chart, initiate a short position with a stop loss set above recent resistance. This is a high-confidence signal for potential price reversal or pullback. 4. Weak Sell Entry Criteria : Use weak sell signals (orange label) when RSI is between the neutral and overbought levels (e.g., between 50 and 64). These can indicate potential short opportunities that might not yet be fully mature but are worth monitoring. Look for other confirmations like resistance levels or trendline touches to strengthen the signal. Example Use : If RSI reads 60 on a 1-hour chart, and the MACD shows slight positive momentum with signs of slowing down, place a cautious sell position or scale out of existing long positions. This setup allows you to prepare for a possible downtrend. Trade Management: Stop Loss : For buy trades, place stop losses below recent swing lows. For sell trades, set stops above recent swing highs to manage risk effectively. Take Profit : Target nearby resistance or support levels, apply risk-to-reward ratios (e.g., 1:2), or use trailing stops to lock in profits as price moves in your favor. Confirmation : Align these signals with broader trends on higher timeframes. For example, if you receive a weak buy signal on a 15-minute chart, check the 1-hour or daily chart to ensure the overall trend is not bearish. Real-World Example: Imagine trading on a 15-minute chart : For a buy: A strong buy signal (green) appears when the RSI dips to 32, MACD shows declining bearish momentum, and a green candle forms. Enter a buy position with a stop loss below the most recent support level. Alternatively, a weak buy signal (blue) appears when RSI is at 47. Use this as a signal to start monitoring the market closely or enter a smaller position if other indicators (like support and volume analysis) align. For a sell: A strong sell signal (red) with RSI at 72 and a red candle signals to short with conviction. Place your stop loss just above the last peak. A weak sell signal (orange) with RSI at 62 might prompt caution but can still be acted on if confirmed by declining volume or touching a resistance level. These strategies show how to blend both strong and weak signals into your trading for more nuanced decision-making. Technical Analysis of the Code 1. Stochastic RSI Calculation: The script calculates the Stochastic RSI (stochRsiK) using the RSI as input and smooths it with a moving average (stochRsiD). Code Explanation : ta.stoch(rsi, rsi, rsi, stochLength) computes the Stochastic RSI, and ta.sma(stochRsiK, stochSmoothing) applies smoothing. 2. RSI Calculation : The RSI is computed over a user-defined period and checks for overbought or oversold conditions. Code Explanation : rsi = ta.rsi(close, rsiLength) calculates RSI values. 3. MACD Trend Filter : MACD is calculated with fast, slow, and signal lengths, identifying trends via three consecutive bars moving in the same direction. Code Explanation : = ta.macd(close, macdLengthFast, macdLengthSlow, macdSignalLength) sets MACD values. Conditions like macdLine < macdLine confirm trends. 4. Buy and Sell Conditions : The script checks Stochastic RSI, RSI, and MACD values to set buy/sell flags. Candle color filters further confirm valid entries. Code Explanation : buyConditionMet and sellConditionMet logically check all conditions and toggles (enableStochCondition, enableRSICondition, etc.). 5. Signal Flags and Confirmation : Flags track when conditions are met and ensure signals only appear on appropriate candle colors. Code Explanation : Conditional blocks (if statements) update buyFlag and sellFlag. 6. Labels and Alerts : The indicator plots "BUY" or "SELL" labels with the RSI value when signals trigger and sets alerts through alertcondition(). Code Explanation : label.new() displays the signal, color-coded for strength based on RSI. NOTE : All strategies can be enabled or disabled in the settings, allowing traders to customize the indicator to their preferences and trading styles.
Indicatore Pine Script®
di Pedro-Elias
6