Copy/Paste LevelsCopy/Paste Levels allows levels to be pasted onto your chart from a properly formatted source.
This tool streamlines the process of adding lines to your chart, and sharing lines from your chart.
More than one ticker at a time!
This indicator will only draw lines on charts it has values for!
This means you can input levels for every ticker you need all at once, one time, and only be displayed the levels for the current chart you are looking at. When you switch tickers, the levels for that ticker will display. (Assuming you have levels entered for that ticker)
The formatting is as follows:
Ticker,Color,Style,Width,Lvl1,Lvl2,Lvl3;
Ticker - Any ticker on Tradingview can be used in the field
Color - Available colors are: Red,Orange,Yellow,Green,Blue,Purple,White,Black,Gray
Style - Available styles are: Solid,Dashed,Dotted
Width - This can be any negative integer, ex.(-1,-2,-3,-4,-5)
Lvls - These can be any positive number (decimals allowed)
Semi-Colons separate sections, each section contains enough information to create at least 1 line.
Each additional level added within the same section will have the same styling parameters as the other levels in the section.
Example:
2 solid lines colored red with a thickness of 2 on QQQ, 1 at $300 and 1 at $400.
QQQ,RED,SOLID,-2,300,400;
IMPORTANT MUST READ!!!
Remember to not include any spaces between commas and the entries in each field!
ex. ; QQQ, red, dotted, -1, 325; <- Wrong
ex. ;QQQ,red,dotted,-1,325;)<- Right
However,
All fields must be filled out, to use default values in the fields, insert a space between the commas.
ex. ;QQQ,red,dotted,,325; <- Wrong
ex. ;QQQ,red,dotted, ,325; <- Right
While spaces can not be included line breaks can!
I recommend for easier typing and viewing to include a line break for each new line (if changing styling or ticker)
Example:
2 solid lines, one red at $300, one green at $400, both default width. Written in a single line AND using multiple lines, both give the same output.
QQQ,red,solid, ,300;QQQ,green,solid, ,400;
or
QQQ,red,solid, ,300;
QQQ,green,solid, ,400;
In this following screenshot you can see more examples of different formatting variations.
The textbox contains exactly what is pasted into the settings input box.
As you can see, capitalization does not matter.
Default Values:
Color = optimal contrast color, If this field is filled in with a space it will display the optimal contrast color of the users background.
Style = solid
Width = -1
More Examples:
Multi-Ticker: drawing 3 lines at $300, all default values, on 3 different tickers
SPY, , , ,300;QQQ, , , ,300;AAPL, , , ,300
or
SPY, , , ,300;
QQQ, , , ,300;
AAPL, , , ,300
Multiple levels: There is no limit* to the number of levels that can be included within 1 section.
* only TV default line limit per indicator (500)
This will be 4 lines all with the same styling at different values on 2 separate tickers.
SPY,BLUE,SOLID,-2,100,200,300,400;QQQ,BLUE,SOLID,-2,100,200,300,400
or
SPY,BLUE,SOLID,-2,100,200,300,400;
QQQ,BLUE,SOLID,-2,100,200,300,400
Semi-colons must separate sections, but are not required at the beginning or end, it makes no difference if they are or are not added.
SPY,BLUE,SOLID,-2,100,200,300,400;
QQQ,BLUE,SOLID,-2,100,200,300,400
==
SPY,BLUE,SOLID,-2,100,200,300,400;
QQQ,BLUE,SOLID,-2,100,200,300,400;
==
;SPY,BLUE,SOLID,-2,100,200,300,400;
QQQ,BLUE,SOLID,-2,100,200,300,400;
All the above output the same results.
Hope this is helpful for people,
Enjoy!
Cerca negli script per "support resistance"
EMA Levels, Multi-TimeframeThe exponential moving average (EMA) tracks price over time, giving more importance to recent price data than simple moving average (SMA). EMAs for larger timeframes are generally considered to be stronger supports/resistances for price to move through than smaller timeframes. This indicator allows you to specify two different EMA lengths that you want to track. Additionally, this indicator allows you to display not just the EMA levels of your currently viewed timeframe on the chart, but also shows the EMA levels of up to 4 different timeframes on the same chart. This allows you to quickly see if multiple EMA levels are aligning across different timeframes, which is an even stronger indication that price is going to meet support or resistance when it meets those levels on the chart. There are a lot of nice configuration options, like:
Ability to customize the EMA lengths you want to track
Style customization (color, thickness, size)
Hide any timeframes/levels you aren't interested in
Labels on the chart so you can tell which plots are the EMA levels
Optionally display the plot as a horizontal line if all you care about is the EMA level right now
Baekdoo baselineHi forks,
I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo baseline will give you the idea of big whale's approximate average price. The idea behind this indicator is to combine volume and price. Here's one of the equation.
...
HT4=highest(volume, 250)
NewH4=valuewhen(volume>HT4 , (open+close+low+high+close)/5, 1)
result4=ema(NewH4, 20)
...
As you can see it will update when highest volume is updated by certain period of time. At that update will be the price of the close weighted price. and I put shift value of 20 (offset of input value) due to putting time theorem of Ichimoku Balance Table. 20 days means for 1 month of market day.
Why this idea work? It is mainly for the support / resistance. Resistance is made for lots of individual's buy. When the price goes down, they are tend to hold. As time goes by price getting high to their average price, then they are selling it with small profit or the same price or with small loss. So resistance is made by lots of individuals. And supports are made by small number of big whales. If we see the volume only, then we cannot differentiate easily for lots of individuals and small number of big whales. But lower price's large volume will most probably be the whale where higher price's large volume will most probably tons of individuals.
hope this will help your trading on equity as well as crypto. I didn't try it on futures. Best of luck all of you. Gazua~!
Liquidity Levels [LuxAlgo]The Peak Activity Levels indicator displays support and resistance levels from prices accompanied by significant volume. The indicator includes a histogram returning the frequency of closing prices falling between two parallel levels, each bin shows the number of bullish candles within the levels.
1. Settings
Length: Lookback for the detection of volume peaks.
Number Of Levels: Determines the number of levels to display.
Levels Color Mode: Determines how the levels should be colored. "Relative" will color the levels based on their location relative to the current price. "Random" will apply a random color to each level. "Fixed" will use a single color for each level.
Levels Style: Style of the displayed levels. Styles include solid, dashed, and dotted.
1.1 Histogram
Show Histogram: Determines whether to display the histogram or not.
Histogram Window: Lookback period of the histogram calculation.
Bins Colors: Control the color of the histogram bins.
2. Usage
The indicator can be used to display ready-to-use support and resistance. These are constructed from peaks in volume. When a peak occurs, we take the price where this peak occurred and use it as the value for our level.
If one of the levels was previously tested, we can hypothesize that the level might be used as support/resistance in the future. Additional analysis using volume can be done in order to confirm a potential bounce.
The histogram can return various information to the user. It can show if the price stayed within two levels for a long time and if the price within two levels was mostly made of bullish or bearish candles.
In the chart above, we can see that over the most recent 200 bars (determined by Histogram Window) 68 closing prices fall between levels A and B, with 27 bars being bullish.
Additionally, the width of a bin and its length can sometimes give information about the volatility of a specific price variation. If a bin is very wide but short (a low number of closing prices fallen within the levels) then we can conclude a most of the movement was done on a short amount of time.
[PX] Pivot ZonesHello everyone,
I was having some fun with the new gradient function, arrays and pivots. Decided that i would publish my little playground :)
This script basically draws lines or zones for detected pivot high and lows and counts the number of candles those levels have been untested.
Tested levels will stop at the candle, which breaks them.
How does it work?
- Define the number of candles that make up the pivot point with the "Pivot Left" and "Pivot Right" parameter (I took more extreme values to showcase the indicator).
- Select your "Layout Type": This can be either a line at the pivot point, a zone between the pivot point and its body or the average of the two.
- You can in-/decrease the number of lines with the "Number of Lines/Zones" parameter.
The older a line becomes the more it will lose of its original transparency.
Hope that might be useful to some of you :)
Please click the "Like"-button and follow me for future open-source script publications.
If you are looking for help with your custom PineScript development, don't hesitate to contact me directly here on Tradingview or through the link in my signature :)
[fikira] Bollinger Bands + Higher Time FramesHere is my take on BB and MTF, based on the most excellent work of
"PineCoders" (MTF Selection Framework functions)!
The big advantage is that on 1 image you can easily see where
price is compared to 5 or less BB Bands (each of different Time Frames).
This gives a lot of Support and Resistance area's!
Includes:
- 1 Bollinger Bands (can be enabled/disabled - "Bollinger Bands"
- 4 Bollinger Bands (each can be enabled/disabled - "HTF Selection 1-4")
Each BB has its colour (can be changed)
- Labels (Timeframe and price) can be enabled/disabled
- Labels position and size can be changed
...
5 MAs w. alerts [LucF]Is this gazillionth MA indicator worth an addition to the already crowded field of contenders? I say yes! This one shows up to 5 MAs and 6 different marker conditions that can be used to create alerts, among many other goodies.
Features
MAs can be darkened when they are falling.
MAs from another time frame can be displayed, with the option of smoothing them.
Markers can be filtered to Longs or Shorts only.
EMAs can be selected for either all or the two shortest MAs.
The background can be colored using any of the marker states except no. 3.
Markers are:
1. On crosses between any two user-defined MAs,
2. When price is above or below an MA,
3. On Quick Flips (a specific setup involving a cross, multiple MA states and increasing volume, when available),
4. When the difference between two MAs is within a % of its high/low historic values,
5. When an MA has been rising/falling for n bars,
6. When the difference between two MAs is greater than a multiple of ATR.
Some markers use similar visual cues, so distinguishing them will be a challenge if they are used concurrently.
Alerts
Alerts can be created on any combination of alerts. Only non-consecutive instances of markers 5 and 6 will trigger the alert condition. Make sure you are on the interval you want the alert to run at. Using the “Once Per Bar Close” trigger condition is usually the best option.
When an alert is created in TradingView, a snapshot of the indicator’s settings is saved with the alert, which then takes on a life of its own. That is why even though there is only one alert to choose from when you bring up the alert creation dialog box and choose “5 MAs”, that alert can be triggered from any number of conditions. You select those conditions by activating the markers you want the alert to trigger on before creating the alert. If you have selected multiple conditions, then it can be a good idea to record a reminder in the alert’s message field. When the alert triggers, you will need the indicator on the chart to figure out which one of your conditions triggered the alert, as there is currently no way to dynamically change the alert’s message field from within the script.
Background settings will not trigger alerts; only marker configurations.
Notes
MAs are just… averages. Trader lure would have them act as support and resistance levels. I’m not sure about that, and not the only one thinking along these lines. Adam Grimes has studied moving averages in quite a bit of detail. His numbers point to no evidence indicating they act as support/resistance, and to specific MA lengths not being more meaningful than others. His point of view is debated by some—not by me. Mean reversion does not entail that price stops when it reaches its MA; rather, it makes sense to me that price would often more or less oscillate around its MA, which entails the MA does not act as support/resistance. Aren’t the best mean reversion opportunities when price is furthest away from its MA? If so, it should be more profitable to identify these areas, which some of this indicator’s markers try to do.
I think MAs can be much more powerful when thought of as instruments we can use to situate price events in contexts of various resolutions, from the instantaneous to the big picture. Accordingly, I use the relative positions and slopes of MAs in both discretionary and automated trading; but never their purported ability to support/resist.
Regardless of how you use MAs, I hope you will find this indicator useful.
Biased References
The Art and Science of Technical Analysis: Market Structure, Price Action, and Trading Strategies, Adam Grimes, 2012.
Does the 200 day moving average “work”?
Moving averages: digging deeper
MIDAS VWAP Jayy his is just a bash together of two MIDAS VWAP scripts particularly AkifTokuz and drshoe.
I added the ability to show more MIDAS curves from the same script.
The algorithm primarily uses the "n" number but the date can be used for the 8th VWAP
I have not converted the script to version 3.
To find bar number go into "Chart Properties" select " "background" then select Indicator Titles and "Indicator values". When you place your cursor over a bar the first number you see adjacent to the script title is the bar number. Put that in the dialogue box midline is MIDAS VWAP . The resistance is a MIDAS VWAP using bar highs. The resistance is MIDAS VWAP using bar lows.
In most case using N will suffice. However, if you are flipping around charts inputting a specific date can be handy. In this way, you can compare the same point in time across multiple instruments eg first trading day of the year or an election date.
Adding dates into the dialogue box is a bit cumbersome so in this version, it is enabled for only one curve. I have called it VWAP and it follows the typical VWAP algorithm. (Does that make a difference? Read below re my opinion on the Difference between MIDAS VWAP and VWAP ).
I have added the ability to start from the bottom or top of the initiating bar.
In theory in a probable uptrend pick a low of a bar for a low pivot and start the MIDAS VWAP there using the support.
For a downtrend use the high pivot bar and select resistance. The way to see is to play with these values.
Difference between MIDAS VWAP and the regular VWAP
MIDAS itself as described by Levine uses a time anchored On-Balance Volume (OBV) plotted on a graph where the horizontal (abscissa) arm of the graph is cumulative volume not time. He called his VWAP curves Support/Resistance VWAP or S/R curves. These S/R curves are often referred to as "MIDAS curves".
These are the main components of the MIDAS chart. A third algorithm called the Top-Bottom Finder was also described. (Separate script).
Additional tools have been described in "MIDAS_Technical_Analysis"
Midas Technical Analysis: A VWAP Approach to Trading and Investing in Today’s Markets by Andrew Coles, David G. Hawkins
Copyright © 2011 by Andrew Coles and David G. Hawkins.
Denoting the different way in which Levine approached the calculation.
The difference between "MIDAS" VWAP and VWAP is, in my opinion, much ado about nothing. The algorithms generate identical curves albeit the MIDAS algorithm launches the curve one bar later than the VWAP algorithm which can be a pain in the neck. All of the algorithms that I looked at on Tradingview step back one bar in time to initiate the MIDAS curve. As such the plotted curves are identical to traditional VWAP assuming the initiation is from the candle/bar midpoint.
How did Levine intend the curves to be drawn?
On a reversal, he suggested the initiation of the Support and Resistance VVWAP (S/R curve) to be started after a reversal.
It is clear in his examples this happens occasionally but in many cases he initiates the so-called MIDAS S/R VWAP right at the reversal point. In any case, the algorithm is problematic if you wish to start a curve on the first bar of an IPO .
You will get nothing. That is a pain. Also in Levine's writings, he describes simply clicking on the point where a
S/R VWAP is to be drawn from. As such, the generally accepted method of initiating the curve at N-1 is a practical and sensible method. The only issue is that you cannot draw the curve from the first bar on any security, as mentioned without resorting to the typical VWAP algorithm. There is another difference. VWAP is launched from the middle of the bar (as per AlphaTrends), You can also launch from the top of the bar or the bottom (or anywhere for that matter). The calculation proceeds using the top or bottom for each new bar.
The potential applications are discussed in the MIDAS Technical Analysis book.
SuperTrade Ichimoku Cloud StrategyUnlike SuperTrade's Super Trend the Ichimoku Cloud Strategy is a trend-following system derived from the Ichimoku Kinko Hyo indicator. It helps identify market direction, momentum, and potential support/resistance zones. This strategy uses key components of the Ichimoku Cloud to determine bullish or bearish trends and executes trades accordingly.
🔍 Key Components Used
Conversion Line (Tenkan-sen) – short-term average (9-period Donchian midpoint by default)
Base Line (Kijun-sen) – medium-term average (26-period Donchian midpoint)
Leading Span A (Senkou Span A) – average of Conversion Line and Base Line, plotted forward by 26 periods.
Leading Span B (Senkou Span B) – 52-period Donchian midpoint, plotted forward by 26 periods.
Lagging Span (Chikou Span) – current close price, plotted backward by 26 periods (for visual reference only in this version).
The cloud (Kumo) is the area between Leading Span A and B, representing trend direction and potential support/resistance.
📈 Entry Rules (Buy Condition)
A long trade is entered when:
LeadLine1 > LeadLine2 → This implies a bullish cloud.
Close > LeadLine1 and Close > LeadLine2 → The price is trading above the cloud, confirming upward momentum.
This combination indicates a strong bullish trend, so the strategy enters a long position.
📉 Exit Rules (Sell Condition / Close Position)
The long trade is closed when:
LeadLine1 < LeadLine2 → This implies a bearish cloud.
Close < LeadLine1 and Close < LeadLine2 → The price has fallen below the cloud, signaling trend weakness or reversal.
This confirms a bearish trend, prompting the strategy to exit the long position.
✅ Must-Have Elements in This Strategy
Entry Logic – based on price position relative to the cloud and cloud direction.
Exit Logic – closes the position when price shifts to a bearish trend.
Overlay Enabled – plotted over price for visual confirmation of signals.
Dynamic Parameters – inputs for conversion/base/cloud lengths and displacement.
Visualization – plots all Ichimoku components including cloud fill for clarity.
No Shorting Logic Yet – this version only handles long trades; shorting can be added optionally.
No Stop-Loss or Take-Profit – trades are closed purely based on Ichimoku trend reversal.
Fibonacci Levels with MACD ConfirmationHow to Understand and Use the Fibonacci Levels with MACD Confirmation Script
This custom Pine Script is designed to give traders a clear visual framework by combining dynamic Fibonacci retracement levels, MACD histogram confirmation, and volatility-based swing zones. It aims to simplify trend analysis, improve entry timing, and adapt to various market conditions.
How to Interpret the 23.6% & 61.8% Labels
These Fibonacci levels represent key retracement zones where price often reacts during trend pullbacks or reversals.
The 23.6% level indicates a shallow retracement, useful in strong trends where price resumes early.
The 61.8% level is a deeper retracement, often a "last line of defense" before trend invalidation.
The script labels these zones with "CC 23.6" and "CC 61.8" when the price crosses them with MACD histogram confirmation:
Green label (CC) = bullish confirmation
Red label (CC) = bearish confirmation
How to Modify Inputs (Manual Adjustments)
Input Purpose Default How to Use
ATR Period Measures volatility 14 Increase for smoother, slower reactions; reduce for faster swings
Min Lookback Minimum bars for swing zone 20 Avoids short-term noise
Max Lookback Cap for swing zone scan 100 Avoids excessively wide retracement levels
Inverse Candle Chart Flips high/low logic false Enable for inverted analysis or backtesting "opposite logic"
How to Use the Inverse Candle Chart Option
Activating inverse mode flips candle logic:
Highs become negative lows, and vice versa.
Useful for:
Contrarian analysis
Inverse ETFs or short-biased views
Backtesting reverse-pattern behavior
How to Adjust the Style
You can manually personalize the script’s visual appearance:
Change line width in plot(..., linewidth=2) for bolder or thinner Fib levels.
Change colors from color.green, color.red, etc., to suit your theme.
Modify label.size, label.style, and label.color for different labeling visuals.
Customize MACD histogram style from plot.style_columns to other styles like style_histogram.
How the MACD is Set and Displayed
The MACD uses non-standard values:
Fast Length = 24
Slow Length = 52
Signal Smoothing = 18
These values slow down the indicator, reducing noise and aligning better with medium- to long-term trends.
MACD histogram is plotted directly on the main chart for faster, on-screen decision making.
Color-coded histogram:
Green/Lime = Bullish momentum increasing or steady
Red/Maroon = Bearish momentum increasing or steady
How to Use the Indicator in Real-World Trading
This indicator is most effective when used to:
✅ 1. Spot High-Probability Trend Continuation Zones
In a strong trend, price will often retrace to 23.6% or 61.8%, then resume.
Wait for:
Price to cross 23.6 or 61.8
MACD histogram rising (bullish) or falling (bearish)
"CC 23.6" or "CC 61.8" label to appear
🟢 Entry Example: Price retraces to Fib 61.8%, crosses up with green MACD histogram → take long position
✅ 2. Validate Reversal or Breakout Zones
These Fib levels also act as support/resistance.
If price crosses a Fib level but MACD fails to confirm, it may be a fake breakout.
Use confirmation labels only when MACD aligns.
✅ 3. Add Volatility Context (ATR) for Risk Management
The ATR label shows both value and %.
Use ATR to:
Set dynamic stop-losses (e.g., 1.5x ATR below entry)
Decide trade size based on volatility
How to Combine the Indicator With Other Tools
You can combine this script with other technical tools for a powerful trading framework:
🔁 With Moving Averages
Use 50/200 MA for overall trend direction
Take signals only in the direction of MA slope
🔄 With Price Action Patterns
Use the Fib/MACD signals at confluence points:
Support/resistance zones
Breakout retests
Candlestick patterns (pin bars, engulfing)
🔺 With Volume or Order Flow
Combine with volume spikes or order book signals
Confirm that Fib/MACD signals align with strong volume for conviction
✅ Trade Setup Summary
Criteria Long Setup Short Setup
Price at Fib Level At or crossing Fib 23.6 / 61.8 Same
MACD Histogram Rising and above previous bar Falling and below previous bar
Label Appears Green "CC 23.6" or "CC 61.8" Red "CC 23.6" or "CC 61.8"
Optional Filters Trend direction, ATR range, volume, price pattern Same
First EMA Touch (Last N Bars)Okay, here's a description of the "First EMA Touch (Last N Bars)" TradingView indicator:
Indicator Name: First EMA Touch (Last N Bars)
Core Purpose:
This indicator is designed to visually highlight on the chart the exact moment when the price (specifically, the high/low range of a price bar) makes contact with a specified Exponential Moving Average (EMA) for the first time within a defined recent lookback period (e.g., the last 20 bars).
How it Works:
EMA Calculation: It first calculates a standard Exponential Moving Average (EMA) based on the user-defined EMA Length and EMA Source (e.g., close price). This EMA line is plotted on the chart, often serving as a dynamic level of potential support or resistance.
"Touch" Detection: For every price bar, the indicator checks if the bar's range (from its low to its high) overlaps with or crosses the calculated EMA value for that bar. If low <= EMA <= high, it's considered a "touch".
"First Touch" Logic: This is the key feature. The indicator looks back over a specified number of preceding bars (defined by the Lookback Period). If a "touch" occurs on the current bar, and no "touch" occurred on any of the bars within that preceding lookback window, then the current touch is marked as the "first touch".
Visual Signal: When a "first touch" condition is met, the indicator plots a distinct shape (by default, a small green triangle) below the corresponding price bar. This makes it easy to spot these specific events.
Key Components & Settings:
EMA Line: The calculated EMA itself is plotted (typically as an orange line) for visual reference.
First Touch Signal: A shape (e.g., green triangle) appears below bars meeting the "first touch" criteria.
EMA Length (Input): Determines the period used for the EMA calculation. Shorter lengths make the EMA more reactive to recent price changes; longer lengths make it smoother and slower.
Lookback Period (Input): Defines how many bars (including the current one) the indicator checks backwards to determine if the current touch is the first one. A lookback of 20 means it checks if there was a touch in the previous 19 bars before signalling the current one as the first.
EMA Source (Input): Specifies which price point (close, open, high, low, hl2, etc.) is used to calculate the EMA.
Interpretation & Potential Uses:
Identifying Re-tests: The signal highlights when price returns to test the EMA after having stayed away from it for the duration of the lookback period. This can be significant as the market re-evaluates the EMA level.
Potential Reversal/Continuation Points: A first touch might indicate:
A potential area where a trend might resume after a pullback (if price bounces off the EMA).
A potential area where a reversal might begin (if price strongly rejects the EMA).
A point of interest if price consolidates around the EMA after the first touch.
Filtering Noise: By focusing only on the first touch within a period, it can help filter out repeated touches that might occur during choppy or consolidating price action around the EMA.
Confluence: Traders might use this signal in conjunction with other forms of analysis (e.g., horizontal support/resistance, trendlines, candlestick patterns, other indicators) to strengthen trade setups.
Limitations:
Lagging: Like all moving averages, the EMA is a lagging indicator.
Not Predictive: The signal indicates a specific past event (the first touch) occurred; it doesn't guarantee a future price movement.
Parameter Dependent: The effectiveness and frequency of signals heavily depend on the chosen EMA Length and Lookback Period. These may need tuning for different assets and timeframes.
Requires Confirmation: It's generally recommended to use this indicator as part of a broader trading strategy and not rely solely on its signals for trade decisions.
In essence, the "First EMA Touch (Last N Bars)" indicator provides a specific, refined signal related to price interaction with a moving average, helping traders focus on potentially significant initial tests of the EMA after a period of separation.
Adv EMA Cloud v6 (ADX, Alerts)Summary:
This indicator provides a multi-faceted view of market trends using Exponential Moving Averages (EMAs) arranged in visually intuitive clouds, enhanced with an optional ADX-based range filter and configurable alerts for key market conditions. It aims to help traders quickly gauge trend alignment across short, medium, and long timeframes while filtering signals during potentially choppy market conditions.
Key Features:
Multiple EMAs: Displays 10-period (Fast), 20-period (Mid), and 50-period (Slow) EMAs.
Long-Term Trend Filter: Includes a 200-period EMA to provide context for the overall dominant trend direction.
Dual EMA Clouds:
Fast/Mid Cloud (10/20 EMA): Fills the area between the 10 and 20 EMAs. Defaults to Green when 10 > 20 (bullish short-term momentum) and Red when 10 < 20 (bearish short-term momentum).
Mid/Slow Cloud (20/50 EMA): Fills the area between the 20 and 50 EMAs. Defaults to Aqua when 20 > 50 (bullish mid-term trend) and Fuchsia when 20 < 50 (bearish mid-term trend).
Optional ADX Range Filter: Uses the Average Directional Index (ADX) to identify potentially non-trending or choppy markets. When enabled and ADX falls below a user-defined threshold, the EMA clouds will turn grey, visually warning that trend-following signals may be less reliable.
Configurable Alerts: Provides several built-in alert conditions using Pine Script's alertcondition function:
Confluence Condition: Triggers when a 10/20 EMA crossover occurs while both EMA clouds show alignment (both bullish/green/aqua or both bearish/red/fuchsia) and price respects the 200 EMA filter and the ADX filter indicates a trend (if filters are enabled).
MA Filter Cross: Triggers when price crosses above or below the 200 EMA filter line.
Full Alignment Start: Triggers on the first bar where full bullish or bearish alignment occurs (both clouds aligned + MA filter respected + ADX trending, if filters are enabled).
How It Works:
EMA Calculation: Standard Exponential Moving Averages are calculated for the 10, 20, 50, and 200 periods based on the closing price.
Cloud Creation: The fill() function visually shades the area between the 10 & 20 EMAs and the 20 & 50 EMAs.
Cloud Coloring: The color of each cloud is determined by the relationship between the two EMAs that define it (e.g., if EMA 10 is above EMA 20, the first cloud is bullish-colored).
ADX Filter Logic: The script calculates the ADX value. If the "Use ADX Trend Filter?" input is checked and the calculated ADX is below the specified "ADX Trend Threshold", the script considers the market potentially ranging.
ADX Visual Effect: During detected ranging periods (if the ADX filter is active), the plotCloud12Color and plotCloud23Color variables are assigned a neutral grey color instead of their normal bullish/bearish colors before being passed to the fill() function.
Alert Logic: Boolean variables track the specific conditions (crossovers, cloud alignment, filter positions, ADX state). The alertcondition() function creates triggerable alerts based on these pre-defined conditions.
Potential Interpretation (Not Financial Advice):
Trend Alignment: When both clouds share the same directional color (e.g., both bullish - Green & Aqua) and price is on the corresponding side of the 200 EMA filter, it may suggest a stronger, more aligned trend. Conversely, conflicting cloud colors may indicate indecision or transition.
Dynamic Support/Resistance: The EMA lines themselves (especially the 20, 50, and 200) can sometimes act as dynamic levels where price might react.
Range Warning: Greyed-out clouds (when ADX filter is enabled) serve as a visual warning that trend-based strategies might face increased difficulty or whipsaws.
Confluence Alerts: The specific confluence alerts signal moments where multiple conditions align (crossover + cloud agreement + filters), which some traders might view as higher-probability setups.
Customization:
All EMA lengths (10, 20, 50, 200) are adjustable via the Inputs menu.
The ADX length and threshold are configurable.
The MA Trend Filter and ADX Trend Filter can be independently enabled or disabled.
Disclaimer:
This indicator is provided for informational and educational purposes only. Trading financial markets involves significant risk. Past performance is not indicative of future results. Always conduct your own thorough analysis and consider your risk tolerance before making any trading decisions. This indicator should be used in conjunction with other analysis methods and tools. Do not trade based solely on the signals or visuals provided by this indicator.
02 SMC + BB Breakout (Improved)This strategy combines Smart Money Concepts (SMC) with Bollinger Band breakouts to identify potential trading opportunities. SMC focuses on identifying key price levels and market structure shifts, while Bollinger Bands help pinpoint overbought/oversold conditions and potential breakout points. The strategy also incorporates higher timeframe trend confirmation to filter out trades that go against the prevailing trend.
Key Components:
Bollinger Bands:
Calculated using a Simple Moving Average (SMA) of the closing price and a standard deviation multiplier.
The strategy uses the upper and lower bands to identify potential breakout points.
The SMA (basis) acts as a centerline and potential support/resistance level.
The fill between the upper and lower bands can be toggled by the user.
Higher Timeframe Trend Confirmation:
The strategy allows for optional confirmation of the current trend using a higher timeframe (e.g., daily).
It calculates the SMA of the higher timeframe's closing prices.
A bullish trend is confirmed if the higher timeframe's closing price is above its SMA.
This helps filter out trades that go against the prevailing long-term trend.
Smart Money Concepts (SMC):
Order Blocks:
Simplified as recent price clusters, identified by the highest high and lowest low over a specified lookback period.
These levels are considered potential areas of support or resistance.
Liquidity Zones (Swing Highs/Lows):
Identified by recent swing highs and lows, indicating areas where liquidity may be present.
The Swing highs and lows are calculated based on user defined lookback periods.
Market Structure Shift (MSS):
Identifies potential changes in market structure.
A bullish MSS occurs when the closing price breaks above a previous swing high.
A bearish MSS occurs when the closing price breaks below a previous swing low.
The swing high and low values used for the MSS are calculated based on the user defined swing length.
Entry Conditions:
Long Entry:
The closing price crosses above the upper Bollinger Band.
If higher timeframe confirmation is enabled, the higher timeframe trend must be bullish.
A bullish MSS must have occurred.
Short Entry:
The closing price crosses below the lower Bollinger Band.
If higher timeframe confirmation is enabled, the higher timeframe trend must be bearish.
A bearish MSS must have occurred.
Exit Conditions:
Long Exit:
The closing price crosses below the Bollinger Band basis.
Or the Closing price falls below 99% of the order block low.
Short Exit:
The closing price crosses above the Bollinger Band basis.
Or the closing price rises above 101% of the order block high.
Position Sizing:
The strategy calculates the position size based on a fixed percentage (5%) of the strategy's equity.
This helps manage risk by limiting the potential loss per trade.
Visualizations:
Bollinger Bands (upper, lower, and basis) are plotted on the chart.
SMC elements (order blocks, swing highs/lows) are plotted as lines, with user-adjustable visibility.
Entry and exit signals are plotted as shapes on the chart.
The Bollinger band fill opacity is adjustable by the user.
Trading Logic:
The strategy aims to capitalize on Bollinger Band breakouts that are confirmed by SMC signals and higher timeframe trend. It looks for breakouts that align with potential market structure shifts and key price levels (order blocks, swing highs/lows). The higher timeframe filter helps avoid trades that go against the overall trend.
In essence, the strategy attempts to identify high-probability breakout trades by combining momentum (Bollinger Bands) with structural analysis (SMC) and trend confirmation.
Key User-Adjustable Parameters:
Bollinger Bands Length
Standard Deviation Multiplier
Higher Timeframe
Higher Timeframe Confirmation (on/off)
SMC Elements Visibility (on/off)
Order block lookback length.
Swing lookback length.
Bollinger band fill opacity.
This detailed description should provide a comprehensive understanding of the strategy's logic and components.
***DISCLAIMER: This strategy is for educational purposes only. It is not financial advice. Past performance is not indicative of future results. Use at your own risk. Always perform thorough backtesting and forward testing before using any strategy in live trading.***
WMA and Intraday Highest Volume Candle Levels🔹 WMA Calculation (Weighted Moving Averages)
Custom WMA Function:
Uses a manual weighted average calculation.
Assigns more weight to recent prices for smoother trend detection.
Three Timeframes:
5-Minute WMA (Yellow)
15-Minute WMA (Blue)
30-Minute WMA (Red)
🔹 Intraday Highest Volume Candle Levels
Finds the candle with the highest volume for the selected intraday timeframe.
Stores its High & Low levels to act as support/resistance.
Deletes and redraws lines daily to reflect the latest session's highest volume candle.
Plots horizontal lines:
Green Line: High of the highest volume candle.
Red Line: Low of the highest volume candle.
Customization: User can choose the analysis timeframe (default: 3 minutes).
✅ Benefits of This Indicator
✔ Multi-timeframe trend analysis using WMA.
✔ Key intraday levels based on highest volume candle.
✔ Dynamic support & resistance levels based on real-time volume activity.
✔ Customizable timeframe for volume analysis.
Daily ProtractorDaily Protractor Indicator
Overview
The Daily Protractor is a visually intuitive tool designed for traders who want to analyze price action through angular measurements on a 5-minute chart. By overlaying a protractor on the chart, this indicator helps identify potential support, resistance, and trend directions based on angular relationships from the first 5-minute candle of each day. It’s particularly useful for intraday traders looking to incorporate geometric analysis into their strategies for spot or strike charts.
Key Features
Dynamic Protractor Overlay: Draws a protractor centered on the low of the first 5-minute candle of each day, with customizable radius in both bars (horizontal) and price units (vertical).
Angular Measurements: Displays angles in 5-degree increments, covering a full 360° circle or a 105° to -105° (91° to 269°) half-circle, depending on user preference.
Customizable Display:
Adjust the number of days to display protractors (up to 5 days).
Customize line colors for different angle ranges (0° to 180°, 180° to 360°, and 0° specifically).
Modify line thickness, label size, and label colors for better visibility.
Center Point Highlight: Marks the center of each protractor with a labeled point for easy reference.
Efficient Design:
Optimized with max_lines_count, max_labels_count, and max_bars_back to ensure smooth performance on TradingView.
How It Works
The indicator identifies the first 5-minute candle of each day and uses its low price as the center point for a protractor. It then draws lines at 5-degree intervals, radiating from the center, with each line representing an angle from 0° to 360°. Labels at the end of each line display the angle in degrees, with negative values shown for angles between 195° and 345° (e.g., 270° is displayed as -90°). The protractor’s radius can be adjusted in both time (bars) and price units, allowing traders to scale the tool to their chart’s characteristics.
Usage Instructions
Add to Chart:
Apply the indicator to a 5-minute chart of your chosen instrument (e.g., spot or strike charts).
Interpret the Protractor:
Use the angular lines to identify potential price levels or trend directions.
The 0° line (horizontal) can act as a reference for horizontal support/resistance.
Angles between 0° and 180° (upper half) and 180° and 360° (lower half) are color-coded for quick identification.
Customize Settings:
Toggle the Show 105° to -105° option to display a half-circle (91° to 269°) instead of a full 360° protractor.
Adjust the Radius in Bars and Radius in Price Units to scale the protractor to your chart.
Set the Maximum Days to Display to control how many daily protractors are shown.
Modify line thickness, colors, and label settings to suit your visual preferences.
Customization Options
Protractor Settings:
Show 105° to -105° (91° to 269°): Toggle between a full circle or a half-circle protractor.
Radius in Bars: Set the horizontal span of the protractor (default: 75 bars).
Radius in Price Units: Set the vertical span in price units (default: 1000.0).
Maximum Days to Display: Limit the number of protractors shown (default: 5 days).
Line Settings:
Line Thickness: Adjust the thickness of the protractor lines (1 or 2).
Line Color (0° to 180°): Color for the upper half (default: light blue).
Line Color (180° to 360°): Color for the lower half (default: light red).
Line Color (0°): Color for the 0° line (default: black).
Label Settings:
Label Size: Choose between small, normal, or large labels.
Label Color (0° to 180°): Color for labels in the upper half (default: red).
Label Color (180° to 360°): Color for labels in the lower half (default: green).
Notes
The indicator was designed with the help of Grok3 for use on 5-minute charts only, as it relies on the first 5-minute candle of the day to set the protractor’s center.
For best results, adjust the radius settings to match the volatility and price scale of your instrument. However, where the price is in single digits it is advised to switch off the labels or I would suggest not to use the same.
The protractor can be used alongside other technical tools to confirm trends, reversals, or key price levels.
Limitations: This cannot be used on instruments that trade for more than 75 candles with a timeframe of 5 minutes as the angles would not cover the entire trading window. I am working coming up with a script to address this limitation.
Feedback
I’d love to hear your thoughts! If you find the Daily Protractor helpful or have suggestions for improvements, please leave a comment or reach out. Happy trading!
Moving Averages By MoneyTribe21This custom indicator displays three Smoothed Moving Averages (SMAs) designed to help traders identify market trends, potential reversals, and key support/resistance levels. It is ideal for trend-following strategies, momentum trading, and confirming price direction in various timeframes.
Three Smoothed Moving Averages to track short-term, mid-term, and long-term trends:
21-Day SMA: Captures short-term price momentum and trend direction.
50-Day SMA: Represents the mid-term trend, often used as dynamic support/resistance.
200-Day SMA: The long-term trend filter, commonly watched by institutional traders.
Fully Customizable Settings
Adjust period length for each SMA to fit your strategy.
Modify line colors, thickness, and styles for better visibility.
Enable/disable specific SMAs based on preference.
Works Across All Markets
Compatible with Forex, Stocks, Commodities, Crypto, and Indices.
Supports multiple timeframes (1M, 5M, 1H, Daily, Weekly, etc.)
Dual Keltner ChannelsDual Keltner Channels (DKC) Indicator 📊
🔹 About This Indicator
This indicator is an enhanced version of the original Keltner Channel available in TradingView. The Keltner Channel was initially designed as a volatility-based envelope around a moving average, helping traders identify trends, breakouts, and potential reversal zones.
💡 Original Creator: The Keltner Channel concept is based on the work of Chester W. Keltner and was later implemented in various trading platforms, including TradingView’s built-in Keltner Channel indicator.
This script builds upon the TradingView version of the Keltner Channel, adding:
✅ Dual Keltner Bands (Inner & Outer) for better trend and volatility analysis.
✅ Customizable Moving Averages (EMA/SMA) for flexibility.
✅ Multiple Band Calculation Methods (ATR, True Range, Range) for improved accuracy.
✅ Shaded Zones Between the Bands for enhanced visual clarity.
⚡ Credit: This indicator is an enhancement of the original Keltner Channel Indicator in TradingView. All improvements and modifications are made to provide deeper market insights while maintaining the core principles of the original Keltner concept.
🔹 Overview
The Dual Keltner Channels (DKC) indicator overlays two Keltner Channels on the price chart, helping traders spot trends, breakouts, and reversals with greater precision.
Inner Keltner Band (Multiplier 1): Captures normal price movements.
Outer Keltner Band (Multiplier 2): Highlights extreme price movements and potential breakouts.
🔹 Features & Inputs
📌 Main Inputs:
Keltner Channel Length: Defines the lookback period for the moving average calculation.
Source Price: Selects the price type (close, open, high, low) to calculate the bands.
Exponential Moving Average (EMA) Option: Choose between Exponential (EMA) or Simple (SMA) as the basis for calculations.
Bands Style: Selects how the volatility is measured:
Average True Range (ATR) (default)
True Range (TR)
Range (High - Low)
ATR Length: Determines the length of ATR calculations.
Enable Multiplier 1 & 2: Toggle to display/hide inner (multiplier 1) and outer (multiplier 2) bands.
📌 Keltner Channels Calculation:
Moving Average (MA): Uses either EMA or SMA for the midline.
Volatility Band Calculation:
Upper Band 1 (Inner Band): MA + (Multiplier 1 × Volatility Measure)
Lower Band 1 (Inner Band): MA - (Multiplier 1 × Volatility Measure)
Upper Band 2 (Outer Band): MA + (Multiplier 2 × Volatility Measure)
Lower Band 2 (Outer Band): MA - (Multiplier 2 × Volatility Measure)
📌 Visuals & Plotting:
Inner Bands (Multiplier 1): Blue upper & lower lines.
Outer Bands (Multiplier 2): Darker blue upper & lower lines.
Basis Line: White moving average.
Shaded Areas:
Between Upper 1 & Upper 2 (Light Brown Area): Identifies the upper Keltner region.
Between Lower 1 & Lower 2 (Light Brown Area): Identifies the lower Keltner region.
🔹 How to Use the Dual Keltner Channels Indicator
✅ 1. Trend Identification
Price above the upper outer band (Multiplier 2): Strong uptrend – potential continuation.
Price below the lower outer band (Multiplier 2): Strong downtrend – potential continuation.
Price within the inner bands (Multiplier 1): Sideways market – possible consolidation.
✅ 2. Breakout Trading
Break above outer upper band: Indicates a bullish breakout – consider long trades.
Break below outer lower band: Indicates a bearish breakdown – consider short trades.
✅ 3. Overbought & Oversold Conditions
Price touching/exceeding outer bands (Multiplier 2): Potential reversal zones.
Reversal confirmation: Look for candlestick patterns (e.g., Doji, Engulfing) or divergence signals.
✅ 4. Pullback & Entry Zones
Price bouncing from inner bands (Multiplier 1): Good re-entry point in trend direction.
Inner band as support/resistance: Helps in setting stop-loss and profit targets.
🔹 Effective Trading Strategies Using DKC
📌 1. Trend Following Strategy (Using Moving Average & Bands)
✅ Look for price staying above/below the basis line (MA) within the outer bands.
✅ Use pullbacks to the inner bands as re-entry points for trend continuation.
✅ Confirm trend strength with momentum indicators like RSI, MACD.
📌 2. Breakout Trading Strategy
✅ Identify a tight consolidation phase within the inner Keltner bands.
✅ Wait for a strong breakout beyond the outer bands.
✅ Enter long/short trades based on breakout direction.
✅ Place stop-loss at the previous inner band to manage risk.
📌 3. Reversal Strategy (Mean Reversion)
✅ When price extends beyond the outer band (Multiplier 2), look for reversal signals (candlestick patterns, RSI divergence).
✅ Enter counter-trend trades with tight stop-loss beyond the band.
✅ Target the moving average (basis line) as take-profit.
🔹 Final Thoughts 💡
The Dual Keltner Channels (DKC) is a powerful upgrade to the standard Keltner Channel, providing:
✅ Greater clarity on trend strength
✅ More precise breakout & reversal signals
✅ Better visual insights for dynamic market conditions
📌 Best Used With: RSI, MACD, Volume Profile, Price Action Signals.
📌 Works on: Stocks, Forex, Crypto, Commodities, Indices.
D-LEVELS **FUTURECODE**The D-LEVELS indicator helps traders identify key price levels based on high-volume nodes and their relative positions to the current price. It visually displays these dynamic levels on the chart, offering insights into potential support, resistance, or zones of interest for trading decisions.
Key Features for Traders:
Dynamic Volume Nodes: Highlights high-volume price levels across different lookback periods, which can act as support or resistance.
Custom Alerts: Warns traders when price is within a specified percentage range of these levels.
Visual Cues: Uses labels and lines with customizable colors and widths for better chart clarity.
Table Display: Summarizes volume node price levels and their relative percentages for quick reference.
Customization: Flexible input options for text size, colors, and display settings to adapt to individual trading styles.
Use Case:
Traders can incorporate this indicator into their strategy to identify high-probability zones for entries, exits, or trade management by observing the interaction of price with these volume-based levels.
Uptrick: Zero Lag HMA Trend Suite1. Name and Purpose
Uptrick: Zero Lag HMA Trend Suite is a Pine Version 6 script that builds upon the Hull Moving Average (HMA) to offer an advanced trend analysis tool. Its purpose is to help traders identify trend direction, potential reversals, and overall market momentum with reduced lag compared to traditional moving averages. By combining the HMA with Average True Range (ATR) thresholds, slope-dependent coloring, Volume Weighted Average Price (VWAP) ribbons, and optional reversal signals, the script aims to give a detailed view of price activity in various market environments.
2. Overview
This script begins with the calculation of a Hull Moving Average, a method that blends Weighted Moving Averages in a way designed to cut down on lag while still smoothing out price fluctuations. Next, several enhancements are applied. The script compares current HMA values to previous ones for slope-based coloring, which highlights uptrends and downtrends at a glance. It also plots buy and sell signals when price moves beyond or below thresholds determined by the ATR and the user’s chosen signal multiplier. An optional VWAP ribbon can be shown to confirm bullish or bearish conditions relative to a volume-weighted benchmark. Additionally, the script can plot reversal signals (labeled with B) at points where price crosses back toward the HMA from above or below. Taken together, these elements allow traders to visualize both the short-term momentum and the broader context of how price interacts with volatility and overall market direction.
3. Why These Indicators Have Been Linked Together
The reason the Hull Moving Average, the Average True Range, and the VWAP have been integrated into one script is to tackle multiple facets of market analysis in a single tool. The Zero Lag Hull Moving Average provides a responsive trend line, the ATR offers a measure of volatility that helps distinguish significant price shifts from typical fluctuations, and the VWAP acts as a reference for fair value based on traded volume. By layering all three, the script helps traders avoid the need to juggle multiple separate indicators and offers a holistic perspective. The slope-based coloring focuses on trend direction, the ATR-based thresholds refine possible buy and sell zones, and the VWAP ribbons provide insight into how price stands relative to an important volume-weighted level. The inclusion of up and down signals and reversal B labels further refines entries and exits.
4. Why Use Uptrick: Zero Lag HMA Trend Suite
The Hull Moving Average is already known for reacting more quickly to price changes compared to other moving averages while retaining a degree of smoothness. This suite enhances the basic HMA by showing colored gradients that make it easy to spot trend direction changes, highlighting potential entry or exit points based on volatility-driven thresholds, and optionally layering a volume-based measure of bullish or bearish market sentiment. By relying on a zero lag approach and additional data points, the script caters to those wanting a more responsive method of identifying shifts in market dynamics. The added reversal signals and up or down alerts give traders extra confirmation for potential turning points.
5. How This Extension Improves on the Basic HMA
This extension not only plots the Hull Moving Average but also includes data-driven alerts and visual cues that traditional HMA lines do not provide. First, it offers multi-layered slope coloring, making up or down trends quickly apparent. Second, it uses ATR-based thresholds to pinpoint moments when price may be extending beyond normal volatility, thus generating buy or sell signals. Third, the script introduces an optional VWAP ribbon to indicate whether the market is trading above or below this pivotal volume-weighted benchmark, adding a further confirmation step for bullish or bearish conditions. Finally, it incorporates optional reversal signals labeled with B, indicating points where price might swing back toward the main HMA line.
6. Core Components
The script can be broken down into several primary functions and features.
a. Zero Lag HMA Calculation
Uses two Weighted Moving Averages (half-length and full-length) combined through a smoothing step based on the square root of the chosen length. This approach is designed to reduce lag significantly compared to other moving averages.
b. Slope Detection
Compares current and prior HMA values to determine if the trend is up or down. The slope-based coloring changes between turquoise shades for upward movement and magenta shades for downward movement, making trend direction immediately visible.
c. ATR-Based Thresholding for Up and Down Signals
The script calculates an Average True Range over a user-defined period, then multiplies it by a signal factor to form two bands around the HMA. When price crosses below the lower band, an up (buy) signal appears; when it crosses above the upper band, a down (sell) signal is shown.
d. Reversal Signals (B Labels)
Tracks when price transitions back toward the main HMA from an extreme zone. When enabled, these reversal points are labeled with a B and can help traders see potential turning points or mean-reversion setups.
e. VWAP Bands
An optional Volume Weighted Average Price ribbon that plots above or below the HMA, indicating bullish or bearish conditions relative to a volume-weighted price benchmark. This can also act as a kind of support/ resistance.
7. User Inputs
a. HMA Length
Controls how quickly the moving average responds to price changes. Shorter lengths react faster but can lead to more frequent signals, whereas longer lengths produce smoother lines.
b. Source
Specifies the price input, such as close or an alternative source, for the calculation. This can help align the HMA with specific trading strategies.
c. ATR Length and Signal Multiplier
Defines how the script calculates average volatility and sets thresholds for buy or sell alerts. Adjusting these values can help filter out noise or highlight more aggressive signals.
d. Slope Index
Determines how many bars to look back for detecting slope direction, influencing how sensitive the slope coloring is to small fluctuations.
e. Show Buy and Sell Signals, Reversal Signals, and VWAP
Lets users toggle the display of these features. Turning off certain elements can reduce chart clutter if traders prefer a simpler layout.
8. Calculation Process
The script’s calculation follows a step-by-step approach. It first computes two Weighted Moving Averages of the selected price source, one over half the specified length and one over the full length. It then combines these using 2*wma1 minus wma2 to reduce lag, followed by applying another weighted average using the square root of the length. Simultaneously, it computes the ATR for a user-defined period. By multiplying ATR by the signal multiplier, it establishes upper and lower bands around the HMA, where crossovers generate buy (up) or sell (down) signals. The script can also plot reversal signals (B labels) when price crosses back from these bands in the opposite direction. For the optional VWAP feature, Pine Script’s ta.vwap function is used, and differences between the HMA and VWAP levels determine the color and opacity of the ribbon.
9. Signal Generation and Filtering
The ATR-based thresholds reduce the influence of small, inconsequential price swings. When price falls below the lower band, the script issues an up (buy) signal. If price breaks above the upper band, a down (sell) signal appears. These signals are visible through labels placed near the bars. Reversal signals, labeled with B, can be turned on to help detect when price retraces from an extended area back toward the main HMA line. Traders can disable or enable these signals to match their preferred level of chart detail or risk tolerance.
10. Visualization on the Chart
The Zero HMA Lag Trend Suite aims for visual clarity. The HMA line is plotted multiple times with increasing transparency to create a gradient effect. Turquoise gradients indicate upward slopes, and magenta gradients signify downward slopes. Bar coloring can be configured to align with the slope direction, providing quick insight into current momentum. When enabled, buy or sell labels are placed under or above the bars as price crosses the ATR-defined boundaries. If the reversal option is active, B labels appear around areas where price changes direction. The optional VWAP ribbons form background bands, using distinct coloration to signal whether price is above or below the volume-weighted metric.
11. Market Adaptability
Because the script’s parameters (HMA length, ATR length, signal multiplier, and slope index) are user-configurable, it can adapt to a wide range of markets and timeframes. Intraday traders may prefer a shorter HMA length for quick signals, while swing or position traders might use a longer HMA length to filter out short-lived price changes. The source setting can also be adjusted, allowing for specialized data inputs beyond just close or open values.
12. Risk Management Considerations
The script’s signals and labels are based on past price data and volatility readings, and they do not guarantee profitable outcomes. Sharp market reversals or unforeseen fundamental events can produce false signals. Traders should combine this tool with broader risk management strategies, including stop-loss placement, position sizing, and independent market analyses. The Zero HMA Lag Trend Suite can help highlight potential opportunities, but it should not be relied upon as the sole basis for trade decisions.
13. Combining with Other Tools
Many traders choose to verify signals from the Zero HMA Lag Trend Suite using popular indicators like the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or even simple volume-based metrics to confirm whether a price movement has sufficient momentum. Conventional techniques such as support and resistance levels, chart patterns, or candlestick analysis can also supplement signals generated by the script’s up, down, or reversal B labels.
14. Parameter Customization and Examples
a. Short-Term Day Trading
Using a shorter HMA length (for instance, 9 or 14) and a slightly higher ATR multiplier might provide timely buy and sell signals, though it may also produce more whipsaws in choppy markets.
b. Swing or Position Trading
Selecting a longer HMA length (such as 50 or 100) with a moderate ATR multiplier can help users track more significant and sustained market moves, potentially reducing the effect of minor fluctuations.
c. Multiple Timeframe Blends
Some traders load two versions of the indicator on the same chart, one for short-term signals (with frequent B label reversals) and another for the broader trend direction, aligning entry and exit decisions with the bigger picture.
15. Realistic Expectations
Even though the Hull Moving Average helps minimize lag and the script incorporates volatility-based filters and optional VWAP overlays, it cannot predict future market behavior with complete accuracy. Periods of low liquidity or sudden market shocks can still lead to signals that do not reflect longer-term trends. Frequent parameter review and manual confirmation are advised before executing trades based solely on the script’s outputs.
16. Theoretical Background
The Hull Moving Average formula aims to balance smoothness with reactivity, accomplished by combining Weighted Moving Averages at varying lengths. By subtracting a slower average from a faster one and then applying another smoothing step with the square root of the original length, the HMA is designed to respond more promptly to price changes than typical exponential or simple moving averages. The ATR component, introduced by J. Welles Wilder, calculates the average range of price movement over a user-defined period, allowing the script to assess volatility and adapt signals accordingly. VWAP provides a volume-weighted benchmark that many institutional traders track to gauge fair intraday value.
17. Originality and Uniqueness
Although multiple HMA-based indicators can be found, Uptrick: Zero Lag HMA Trend Suite sets itself apart by merging slope-based coloring, ATR thresholds, VWAP ribbons, up or down labels, and optional reversal signals all in one cohesive platform. This synergy aims to reduce chart clutter while still giving traders a comprehensive look at trend direction, volatility, and volume-based sentiment.
18. Summary
Uptrick: Zero Lag HMA Trend Suite is a specialized trading script designed to highlight potential market trends and reversals with minimal delay. It leverages the Hull Moving Average for an adaptive yet smooth price line, pairs ATR-based thresholds for detecting possible breakouts or dips, and provides VWAP-based ribbons for added volume-weighted context. Traders can further refine their entries and exits by enabling up or down signals and reversal labels (B) where price may revert toward the HMA. Suitable for a wide range of timeframes and instrument types, the script encourages a disciplined approach to trade management and risk control.
19. Disclaimer
This script is provided for informational and educational purposes only. Trading and investing involve significant financial risk, and no indicator can guarantee success under all conditions. Users should practice robust risk management, including the placement of stop losses and position sizing, and should confirm signals with additional analysis tools. The developer of this script assumes no liability for any trading decisions or outcomes resulting from its use.
Inside/Outside Bar Direction Highlighter
Here’s a trading indicator in Pine Script (v6) that combines the essence of the Inside Bar, Outside Bar, and directional patterns inspired by TT3 Theory. This indicator highlights bars based on their classification as inside, outside, or directional and provides potential trade signals.
Inside Outside Indicator
Explanation:
Bar Classification:
Inside Bar: Current high is less than the previous high, and the low is greater than the previous low.
Outside Bar: Current high exceeds the previous high, and the low breaks below the previous low.
Up/Down Bars: Closing prices relative to the previous high/low.
Visual Highlights:
Bars are visually highlighted with colors for easy identification.
Trade Signals:
Long Signal: When the close crosses above the previous high and it's a directional up bar.
Short Signal: When the close crosses below the previous low and it's a directional down bar.
Customizable Inputs:
Colors for inside, outside, up, and down bars can be modified.
You can copy and paste this script into the Pine Editor on TradingView to see it in action. Adjust the logic to fit your trading strategy as needed.
You said:
summary of how to use this indicator without buy/sell signal
ChatGPT said:
ChatGPT
How to Use the Inside/Outside Bar Direction Highlighter Indicator (Without Buy/Sell Signals)
Understand the Bar Classifications:
Inside Bars: Highlighted in blue (default). These indicate periods of market consolidation. Look for potential breakouts in either direction.
Outside Bars: Highlighted in orange (default). These represent increased volatility, where both higher highs and lower lows are made. Watch for reversals or continuations based on broader trends.
Directional Up Bars: Highlighted in green (default). These occur when the current close is above the previous high, signaling bullish momentum.
Directional Down Bars: Highlighted in red (default). These occur when the current close is below the previous low, indicating bearish momentum.
Identify Key Patterns:
Use the highlighted bars to spot price action setups, such as:
Breakouts from inside bars.
Reversal signals following outside bars.
Continuation patterns when directional bars align with the trend.
Combine with Your Analysis:
Trend Analysis: Match bar classifications with trend direction on larger timeframes (e.g., daily, 4-hour).
Support/Resistance: Use inside and outside bars near key levels for confirmation or reversal signals.
Volume: Higher volume on directional bars strengthens the momentum signal.
Customize the Colors:
Adjust the bar highlight colors to fit your chart theme for better visibility.
No Automatic Signals:
This indicator doesn’t provide explicit buy/sell recommendations. Instead, use the visual highlights to make informed decisions based on your trading strategy.
By interpreting these bar patterns, you can better gauge market behavior and make more confident decisions without relying on preset signals.
Intrabar BoxPlotThe Intrabar BoxPlot publication highlights an uncommon technique by displaying statistical intrabar Lower Timeframe (LTF) values on the chart.
🔶 USAGE
🔹 Middle 50% Boxes
By showing the middle 50% intrabar values through a box, we can more easily see where the intrabar activity is mainly situated.
The middle 50% intrabar values are referred to from here on as Interquartile range (IQR).
In this example, the successive IQRs form a channel where the price eventually breaks out.
Disproportionately distributed values can give insights which can be used to find potential support/resistance areas.
IQR gaps can give valuable information as well. Potentially, the price can return to these gaps.
Seeing the IQR areas against regular candles gives an alternative image of the underlying price movements.
🔹 Highest volume Price level
The script displays the price level with the highest volume situated, dependable on the user's source setting. Setting the source at 'close' will only display intrabar close values; the same goes for high, low, ...
As seen in the above example, the volume levels can aid in finding support/resistance.
🔹 Median
The location of the median off all intrabar values is displayed as a coloured dot: green when the close price is higher than the opening price and red if otherwise. The median can give valuable insights into price movements.
🔹 Outliers
Medium (white dots) and extreme (white X) outliers, in combination with the IQR box, can help identify potential areas of interest.
🔹 Volume Delta
When there is a discrepancy between the delta volume and direction of the candle, this will be displayed as follows:
Green candle: when the sum of the volume of red intrabars is higher than the sum of the volume of green intrabars, the candle will be coloured orange.
Red candle: when the sum of the volume of green intrabars is higher than the sum of the volume of red intrabars, the candle will be coloured blue.
🔹 Highlight Boxplot only
Probably the easiest way to display boxplot only is by changing the Bar's style to Bars .
🔶 DETAILS
All intrabar values (Lower TimeFrame - LTF) are sorted and evaluated. Values can be close , high , low , ... by selecting this in Settings ( source ).
The middle 50% of all values are displayed as a box; this contains the values between percentile 25 (p25) and percentile 75 (p75). The value of percentile rank 75 means 75% of all values are lower. The value of percentile rank 25 means 25% of all values are lower, or 75% is higher.
The difference between p75 and p25 is also known as Interquartile range (IQR)
IQR is used to check for outliers.
Wiki: Boxplot , Interquartile range
Extreme high: maximum value, higher than p75 + IQR*3
Max outlier high: maximum value, higher than p75 + IQR*1.5 but lower than p75 + IQR*3
Max: maximum value, lower than p75 + IQR*1.5
Min: minimum value, higher than p25 - IQR*1.5
Min outlier low: minimum value, lower than p25 - IQR*1.5 but higher than p25 - IQR*3
Extreme low: minimum value, lower than p25 - IQR*3
Max and min must not be interpreted with the current candle high/low.
🔹 Example: Length of chart-puppets
The following example can make it easier to digest. Forty "chart-puppets" are sorted by their length.
The p25 value is 97
The p50 value is 120
The p75 value is 149
75% of all "chart-puppets" are smaller than p75, and 25% is larger than p75.
50% of all "chart-puppets" are smaller than p50, and 50% is larger than p50 (= median).
25% of all "chart-puppets" are smaller than p25, and 75% is larger than p25.
IQR = 149 - 97 = 52
Extreme outlier limit max: p75 + IQR*3 = 149 + 52*3 = 305
Mild outlier limit max: p75 + IQR*1.5 = 149 + 52*1.5 = 227
Mild outlier limit min: p25 - IQR*1.5 = 97 - 52*1.5 = 19
Extreme outlier limit min: p25 - IQR*3 = 97 - 52*3 = -59
In this example there are no outliers to be found, all values are located between p25 - IQR*1.5 (19) and p75 + IQR*1.5. (227)
🔹 Source settings
Note that results are dependable on the chosen source (settings). When, for example, close is chosen as the source, only intrabar close prices are included. This means a low or high can stretch further then the min or max.
Here we can see different results with different source settings
🔹 LTF settings
When 'Auto' is enabled (Settings, LTF), the LTF will be the nearest possible x times smaller TF than the current TF. When 'Premium' is disabled, the minimum TF will always be 1 minute to ensure TradingView plans lower than Premium don't get an error.
Examples with current Daily TF (when Premium is enabled):
500 : 3 minute LTF
1500 (default): 1 minute LTF
5000: 30 seconds LTF (1 minute if Premium is disabled)
🔶 SETTINGS
Source: Set source at close, high, low,...
🔹 LTF
LTF: LTF setting
Auto + multiple: Adjusts the initial set LTF
Premium: Enable when your TradingView plan is Premium or higher
🔹 Intrabar Delta : Colors, dependable on different circumstances.
Up: Price goes up, with more bullish than bearish intrabar volume.
Up-: Price goes up, with more bearish than bullish intrabar volume.
Down: Price goes down, with more bearish than bullish intrabar volume.
Down+: Price goes down, with more bullish than bearish intrabar volume.
🔹 Table
Show table: Show details at the top right corner
Show TF: Show LTF at the bottom right corner
Text color/table size
See DETAILS for more information
Advanced BB Bands with PlotThis code implements an advanced version of Bollinger Bands with additional moving averages, ATR-based bands, step lines, market direction indicators, and real-time data display. Here’s a breakdown of the functionality:
1. Inputs and Parameters:
length: The base period used for calculating the moving averages and the typical price.
atr_length: The length used for calculating the Average True Range (ATR).
step_length: The period for calculating step lines (highest high and lowest low over a given period).
2. Core Calculations:
Typical Price: (high + low + close) / 3 is the base for the moving averages.
ATR: ta.atr(atr_length) is used to create dynamic bands around the moving averages.
PL Dot: An average of the typical prices from the current and past two bars. This provides a short-term trend indicator.
3. Multiple Moving Averages (MAs):
Three simple moving averages (ma1, ma2, ma3) are calculated using different multiples of the base length. These help indicate short-, mid-, and long-term trends.
4. Step Lines:
Step Up: Highest close over the step_length.
Step Down: Lowest close over the step_length. These act as short-term support and resistance levels.
5. Outer Bands:
Upper Band: ma1 + 2 * ATR, an upper boundary based on ATR volatility.
Lower Band: ma1 - 2 * ATR, a lower boundary. Together, these form a dynamic range around the short-term moving average.
6. Market Direction:
Bullish or Bearish condition is determined by comparing ma1 and ma2. If ma1 is above ma2, the market is bullish; otherwise, it's bearish. This decision is displayed on the TradingView chart using a table.
7. Visual Elements:
Moving Averages (ma1, ma2, ma3): Plotted in different colors (blue, purple, white) to indicate different timeframes.
PL Dot: A step line plot for the PL Dot, which helps in spotting short-term trends.
Step Lines: Step-up and step-down levels plotted in lime and red, respectively.
Outer Bands: Upper and lower ATR-based bands plotted in aqua, with a filled region between the bands for easy visualization of price volatility.
Candlestick Coloring: Green bars for bullish and red for bearish price action.
8. Real-Time Board Display:
A table is created in the top-right corner of the chart to display:
The current closing price.
The market direction ("Bullish" or "Bearish").
The PL Dot value. The table updates on the most recent bar (barstate.islast).
9. Dynamic Labels:
On the most recent bar, labels are added dynamically to the upper and lower bands and the ma1. These labels help in identifying the values of key indicators directly on the chart.
10. Signals and Alerts:
Bullish and Bearish Cross: Visual signals are plotted on the chart when ma1 crosses above or below ma2. These are represented as up and down triangles, providing potential buy/sell signals.
Key Features Summarized:
Multi-Timeframe Moving Averages: 3 MAs based on different timeframes.
Dynamic ATR Bands: ATR-based upper and lower boundaries for volatility measurement.
Step Lines: Short-term high and low lines for support/resistance.
PL Dot: A short-term trend identifier.
Real-Time Dashboard: Live updates of price, trend, and PL Dot on the chart.
Visual Alerts: Dynamic labeling and crossover signals to assist in decision-making.
This script is designed for traders who want to track price movement within bands, evaluate trends across multiple timeframes, and visualize short-term market direction with dynamic alerts.
Delta Flow Profile [LuxAlgo]The Delta Flow Profile is a charting tool that tracks and visualizes money flow and the difference between buying and selling pressure accumulated within multiple price ranges over a specified period. It reveals the relationship between an asset's price and traders' willingness to buy or sell, helping traders identify significant price levels and analyze market activity.
The Normalized Profile displays the percentage of money flow at each price level relative to the maximum money flow level, enabling traders to easily compare levels and understand the relative importance of each price point in the context of overall trading activity.
🔶 USAGE
The Delta Flow Profile is made of two principal components with different usability, each one of them described in the sub-sections below.
🔹 Money Flow Profile
The Money Flow Profile illustrates the total buying and selling activity at different price ranges. By analyzing this profile, users can identify key price zones with substantial buying or selling pressure. These zones can often act as potential support or resistance.
The rows of the Money Flow Profile represent the trading activity at specific price ranges over a given period.
A normalized profile is included to compare each zone relative to the peak money flow using a percentage, with 100% indicating that a price range is the one with the highest accumulated money flow.
🔹 Delta Profile
The Delta Profile assesses the dominant sentiment (buying or selling) from volume delta at different price levels to gauge market sentiment and potential reversals.
Delta Profile rows with more significant buying or selling volume indicate dominance from one side of the market in that specific price area. Price coming back to that area might indicate willingness from a dominant side to further accumulate orders within it, potentially causing price to follow the direction established by this dominant side afterward.
The volume delta is determined from the user-selected Polarity Method, with "Bar Polarity" using candle sentiment to determine if a bar associated volume is buying or selling volume, and "Bar Buying/Selling Pressure" making use of the high/low price to obtain more precise results.
🔹 Level of Significance
Users can quickly highlight the price levels with the highest recorded money flow activity through the included "Level of Significance". Various display methods are included:
Developing: Show the price level with the highest recorded money flow activity spanning over the indicator calculation interval.
Level: Show the price level with the highest recorded money flow activity.
Row: Show the price zone with the highest recorded money flow activity.
These levels/zones can be used as potential support/resistance points and can serve as a reference of where prices might go next for market participants to accumulate orders.
🔶 SETTINGS
The script offers a range of customizable settings to tailor the analysis to your trading needs.
🔹 Calculation Settings
Money Flow Profile: Toggles the visibility of the Money Flow Profile.
Normalized: Toggles the visibility of the Normalized Profile.
Sentiment Profile: Toggles the visibility of the Sentiment Profile.
Polarity Method: Choose between Bar Polarity or Bar Buying/Selling Pressure to calculate the Sentiment Profile.
Level of Significance: Toggles the visibility of the level of significance line/zone.
Lookback Length / Fixed Range: Sets the lookback length.
Number of Rows: Specify how many rows each profile histogram will have.
🔹 Display Settings
Profile Width %: Alters the width of the rows in the histogram, relative to the profile length.
Profile Horizontal Offset: Enables moving the profile on the horizontal axis.
Profile Text: Toggles the visibility of profile texts, and alters the size of the text. Setting to Auto will keep the text within the box limits.
Currency: Extends the profile text with the traded currency.
Profile Price Levels: Toggles the visibility of the profile price levels.
🔶 RELATED SCRIPTS
Money-Flow-Profile
Volume-Profile-with-Node-Detection
