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Trend-reversalThis indicator is for detection of trend reversal based on trailing stop (blue line) the Bullish zone is in blue (red above blue line), bearish zone in orange ( blue line above red line) gray line is the average of donchian channel I put the line on 1440 min (so it like daily trailing line) , you can make it shorter if you want . In this example of BNB coin we see in red arrow that the coin drop from red line so it loosing power -here it sell point during bullish period(blue) on the other hand when we are in bearish (orange), we can see that the coin is breaking the red line -buy point and the trend is reverse main script is taken from ceyhun so credit is to him on this
Indicatore Pine Script®
di RafaelZioni
Trendline Breakout Navigator [LuxAlgo]The Trendline Breakout Navigator indicator shows three trendlines, representing trends of different significance between Swing Points. Dots highlight a Higher Low (HL) or Lower High (LH) that pierces through the Trendline without the closing price breaking the Trendline. A bar color and background color option is included, which offers insights into the price against the trendlines. 🔶 USAGE Trendlines (TL) are drawn, starting as a horizontal line from a Swing Point. When an HL (in the case of a bullish TL) or an LH (bearish TL) is found, this Swing Point is connected to the first Swing Point. In both cases, the TL can be optimized when one or more historical close prices breach the TL (see DETAILS). A solid-styled long-term trendline represents the overall market direction, while a dashed-styled medium-term trendline captures medium-term movements within the long-term trend. Finally, a dotted-styled short-term trendline tracks short-term fluctuations. 🔹 Swing Points vs. Trend A "Higher High" (HH) or "Lower Low" (LL) will initialize a new trendline, respectively, starting from the previous "Swing Low" or Swing High". To spot the trend shift, "HH/LL" labels and an optional background color are included. They can be enabled/disabled or set at "Long, Medium, or Short" term TL (Settings—"MS", "HH/LL" and "Background Color"). These features are linked to one Trendline of choice only. Where the "HH/LL" labels can show a potential trend shift, the background color is: Green from the moment the close price breaks above a bearish trendline or when an HH occurs Red from the moment the close price breaks below a bullish trendline or when an LL occurs 🔹 Bar Color The bar color will depend on the location of the closing price against the three trendlines. When a trendline is unavailable (for example, if the close price breaks the TL and there is no HH/LL), the last known trendline value will be considered. All three trendlines influence the bar color. If the close price is above the "Long Term" TL, the bar color will show a gradient of green, darker when the close price is below the "Medium Term" and/or "Short Term" TLs. On the other hand, when the close price is below the "Long Term" TL, the bar color will show a gradient of red, which becomes darker when the close price is above the "Medium Term" and/or "Short Term" TLs. To keep the above example simple, only the "Long Term" TL is considered. The white line (not included in the script) resembles the actual value of the TL at each bar, where you can see the effect on the bar color. Combined with the trendlines and dots, the bar color can provide extra depth and insights into the underlying trends. 🔹 Tested Trendlines If a new HL/LH pierces the Trendline without the close price breaking the Trendline, the Trendline will be updated. The exact location where the price exceeded the Trendline is visualized by a dot, colored blue on a bullish trendline and orange when bearish. These dots can be indicative of a potential trend continuation or reversal. 🔹 Higher TimeFrame Option The "Period" setting enables users to visualize higher-timeframe trendlines as long as the line length doesn't exceed 5000 bars. 🔶 DETAILS When a new trendline is drawn, the script first draws a preliminary line and then checks whether a historical close price exceeded this line above (in the case of a bearish TL) or below (in a bullish case). Subsequently, the most valid point in between is chosen as the starting point of the Trendline. 🔶 SETTINGS Period: Choose "chart" for trendlines from the current chart timeframe, or choose a higher timeframe 🔹 Swing Length Toggle and Swing Length for three trendlines: Period used for the swing detection, with higher values returning longer-term Swing Levels. 🔹 Style Trendline: color for bullish/bearish Trendline Wick Dot: color for bullish/bearish trendline test Term: Long-, medium- or short-term HH/LL: Show HH/LL labels (with or without previous Swing High/Low) of chosen Term Background Color: Green when the closing price is above the trendline of choice, red otherwise Bar Color
Indicatore Pine Script®
di LuxAlgo
20
Trendline Pivots [QuantVue]Trendline Pivots The Trend Line Pivot Indicator works by automatically drawing and recognizing downward trendlines originating from and connecting pivot highs or upward trendlines originating from and connecting pivot lows. These trendlines serve as reference points of potential resistance and support within the market. Once identified, the trend line will continue to be drawn and progress with price until one of two conditions is met: either the price closes(default setting) above or below the trend line, or the line reaches a user-defined maximum length. If the price closes(default setting) above a down trend line or below an up trend line, an "x" is displayed, indicating the resistance or support has been broken. At the same time, the trend line transforms into a dashed format, enabling clear differentiation from active non-breached trend lines. This indicator is fully customizable from line colors, pivot length, the number lines you wish to see on your chart and works on any time frame and any market. Don't hesitate to reach out with any questions or concerns. We hope you enjoy! Cheers.
Indicatore Pine Script®
di QuantVue
45
TrendLine ScythesTrendline Scythes is a script designed to automatically detect and draw special curved trendlines, resembling scythes or blades, based on pivotal points in price action. These trendlines adapt to the volatility of the market, providing a unique perspective on trend dynamics. 🔲 Methodology Traditional trendlines connect consecutive pivot points on a price chart, providing a linear representation of trend direction. However, this script employs a distinctive methodology by automatically detecting price pivots and then calculating special curved trendlines based on the Average True Range (ATR) of the price. This introduces a curvature to the trendlines, resembling scythes, offering a unique way to interpret market trends. 🔲 Auto Breakout and Target Detection Trendline Scythes includes features for automatic breakout detection, signaling potential trend changes. Additionally, the script assists in target detection, helping traders set realistic and data-driven profit-taking levels based on market volatility and user adjustment. 🔲 Utility Trend Confirmation - Use Trendline Scythes to confirm existing trends by observing how price interacts with the curved trendlines. Breakout Signals - Auto-detection of breakouts adds a proactive element to your trading strategy, helping you stay ahead of potential trend reversals. Target Setting - Utilize the script to set profit-taking targets based on volatility, aligning with the current market conditions. 🔲 Settings Pivot Length - Swing detection length Scythe Length - Adjusts the length of the scythes blade Sensitivity - Controls how restrained the target calculation is, higher values will result in tighter targets. 🔲 Alerts Breakout Breakdown Target Reached Target Invalidated As well as the option to trigger 'any alert' call. Trendline Scythes is a versatile tool combining the benefits of traditional trendlines with the dynamic adaptability of curved lines for a unique approach to trend analysis.
Indicatore Pine Script®
di EliCobra
15
Trendline Breakouts With Volume Strength [TradeDots]Trendline Breakouts With Volume Strength is an innovative indicator designed to identify potential market turning points using pivot-based trendline detection and volume confirmation. By merging dynamic trendline analysis with multi-tiered volume filters, this tool helps traders quickly spot breakouts or breakdowns that may signal significant shifts in price action. 📝 HOW IT WORKS 1. Pivot-Based Trendline Detection The script automatically scans for recent pivot highs and lows over a user-defined lookback period. When it finds higher pivot lows, it plots green uptrend lines; when it finds lower pivot highs, it plots red downtrend lines. These dynamic lines update as new pivots form, providing continuously refreshed trend guidance.
 2. Volume Ratio Analysis A moving average of volume is compared against the current bar’s volume to calculate a ratio (e.g., 1.5×, 2×). Higher ratios suggest above-average volume, often interpreted as stronger participation. The script applies color-coded cues to highlight the intensity of volume surges. 3. Breakout & Breakdown Detection Each trendline is monitored for a defined “break threshold,” which helps avoid minor penetrations that can trigger premature signals. When price closes beyond a threshold below an uptrend line, the indicator labels it a “BREAKDOWN.” If it closes above a threshold on a downtrend line, it labels it a “BREAKOUT.” Volume surges accompanying these breaks are highlighted with contextual emojis and distinct color gradients for quick visual reference. 4. Trend Direction Table A small on-chart table provides a snapshot of the current market trend—Uptrend, Downtrend, or Sideways—based on a simple moving average slope and the number of active uptrend or downtrend lines. This table also displays quick stats on how many lines are actively tracked, helping traders assess the broader market posture at a glance. 🛠️ HOW TO USE 1. Choose a Timeframe This script works on multiple timeframes. Intraday traders can monitor minute or hourly charts for frequent pivot updates, while swing and position traders may prefer daily or weekly intervals to reduce noise.
 2. Observe Trendlines & Labels Watch for newly drawn green/red lines connecting pivots. When you see a “BREAKOUT” or “BREAKDOWN” label, confirm whether volume was abnormally high based on the ratio or color-coded bars.
 3. Consult the Trend Table Use the table in the bottom-right corner to quickly check if the market is trending or range-bound. Look at the count of active uptrend vs. downtrend lines to gauge broader sentiment. 4. Employ Additional Analysis Combine these signals with other tools (e.g., candlestick patterns, oscillators, or fundamental analysis). Validate potential breakouts using standard techniques like retests or support/resistance checks. ❗️LIMITATIONS Delayed Pivots: Trendlines only adjust once new pivot highs or lows form, which can introduce a slight lag in highly volatile environments. Choppy Markets: Rapid, back-and-forth price moves may produce conflicting trendline signals and frequent breakouts/breakdowns. Volume Data Reliability: Gaps in volume data or unusual market conditions (holidays, low-liquidity sessions) can skew ratio readings. RISK DISCLAIMER Trading any financial instrument involves substantial risk, and this indicator does not guarantee profits or prevent losses. All signals and visual cues are for educational and informational purposes only; past performance does not assure future outcomes. You retain full responsibility for your trading decisions, including proper risk management, position sizing, and the use of additional confirmation methods. Always consider the possibility of losing some or all of your original investment.
Indicatore Pine Script®
di tradedots
3
Trend Strength Over TimeThe script serves as an indicator designed to assess and visualize trend strength and Volume strength over time. It employs a variety of calculations and conditions to offer insights into both bullish and bearish market trends. Let's explore the key conceptual elements of the code. Trend Strength Conditions: The script defines conditions to assess trend strength based on a comparison between each calculated percentile value and the highest high (bullish) or lowest low (bearish). Separate conditions are established for each percentile length, allowing for a nuanced understanding of trend dynamics across different timeframes. Counting Bull and Bear Trends: To quantify the strength of bullish and bearish trends, the script maintains counts for the number of conditions that are true for each. This count-based approach provides a quantitative measure of trend strength. Weak Bull and Bear Counts: Recognizing that trends are not always clear-cut, the script introduces the concept of weak trends. It counts instances where the percentiles fall between the highest high and lowest low, indicating a potential weakening of the prevailing trend. Bull and Bear Strength: Bull and bear strengths are calculated based on the counts, with adjustments made for weak trends. This step provides a more nuanced and comprehensive assessment of trend strength by considering both strong and weak signals. Current Trend Value: The culmination of these calculations is the determination of the current trend value. This value represents the balance between bullish and bearish forces, offering a dynamic indicator of the market's prevailing sentiment. Volume Strength Calculation: In addition to price-based indicators, the script incorporates volume strength as a crucial element. This is calculated using the simple moving averages (SMAs) of volume over different lengths, normalized relative to the SMA over a length of 144. Volume strength adds a layer of confirmation or divergence to the price-based trend analysis. Color Change: To facilitate quick and intuitive interpretation, the script dynamically changes the color of the plotted line on the chart based on the current trend value. Green indicates a bullish trend, red indicates a bearish trend, and blue suggests a neutral or indecisive market. Plotting: The script uses the plot function to visually present the calculated trend strength and volume strength on the chart. This visual representation aids traders in making informed decisions based on the identified trends and their strengths. Volume Strength: A Detailed Explanation In the context of the provided script, volume strength is a critical component used to assess the strength of a market trend. It provides insights into the level of participation and commitment of market participants, offering a complementary perspective to traditional price-based indicators. Let's delve into the concept and practical applications of volume strength. Calculation of Volume Strength: The script calculates volume strength by considering the simple moving averages (SMAs) of volume over different time periods (13, 21, 34, 55, 89). These individual SMAs are then normalized relative to the SMA over a more extended period of 144. The weights assigned to each SMA in the calculation are defined in the variable VCF (Volume Correction Factor). Calculation of Volume Strength with Weights: The weights assigned to each SMA in this calculation are crucial for emphasizing the significance of shorter-term volume movements relative to a longer-term baseline. Interpretation of Weights: The choice of weights reflects the relative importance of shorter-term volume movements compared to longer-term trends. In this script, shorter-term SMAs (13, 21, 34, 55, 89) are assigned decreasing weights, while the longer-term SMA (144) serves as the baseline. Shorter-term SMAs with higher weights may have a more immediate impact on the volume strength calculation. This implies that recent changes in volume carry more weight in assessing the current market conditions. The decreasing weights for shorter-term SMAs might indicate that, as the timeframe lengthens, the significance of recent volume movements diminishes in relation to the longer-term trend. This approach allows for a focus on both short-term volatility and longer-term stability in volume patterns. The purpose of normalization is to emphasize the current volume's significance in comparison to its historical context. This can help identify abnormal volume spikes or sustained increases in trading activity, which may indicate the strength or weakness of a trend. Interpretation and Practical Use: Confirmation of Trend: Rising volume during an uptrend can validate the strength of the upward movement, suggesting that a significant number of market participants are actively buying. Conversely, decreasing volume during an uptrend might indicate weakening interest and a potential reversal. In a downtrend, increasing volume on downward price movements reinforces the strength of the trend. A decrease in volume during a downtrend may suggest a potential weakening or exhaustion of the downward momentum. Divergence Analysis: Divergence occurs when there is a disagreement between the price movement and the corresponding volume. For example, if prices are rising but volume is declining, it could signal a lack of conviction in the upward movement, and a reversal might be imminent. Conversely, if prices are falling, but volume is decreasing as well, it might suggest that the downward momentum is losing steam, and a potential reversal or consolidation could be on the horizon. In conclusion, volume strength analysis provides traders with a powerful tool to gauge the conviction behind price movements. By incorporating volume data into the technical analysis, one can make more informed decisions, enhance trend identification, and improve risk management strategies.
Indicatore Pine Script®
di federalTacos5392b
12
Trend Exhaustion IndicatorThe Trend Exhaustion Indicator is a custom indicator of mine that is loosely based on the Trend Exhaustion Index created by Clifford L. Creel Ph.D. (Stocks & Commodities V. 9:1 (9-11)) This indicator will let you know the trend reversal points and when it falls below the signal line then the trend is ending vice versa. Buy when the indicator crosses above the signal line and sell when it falls below the signal line. Let me know if you would like to see me write any other scripts!
Indicatore Pine Script®
di cheatcountry
21
Trend FriendTrend Friend — What it is and how to use it I built Trend Friend to stop redrawing the same trendlines all day. It automatically connects confirmed swing points (fractals) and keeps the most relevant lines in front of you. The goal: give you clean, actionable structure without the guesswork. What it does (in plain English) Finds swing highs/lows using a Fractal Period you choose. Draws auto-trendlines between the two most recent confirmed highs and the two most recent confirmed lows. Colours by intent: Lines drawn from highs (potential resistance / bearish) = Red Lines drawn from lows (potential support / bullish) = Green Keeps the chart tidy: The newest lines are styled as “recent,” older lines are dimmed as “historical,” and it prunes anything beyond your chosen limit. Optional crosses & alerts: You can highlight when price closes across the most recent line and set alerts for new lines formed and upper/lower line crosses. Structure labels: It tags HH, LH, HL, LL at the swing points, so you can quickly read trend/rotation. How it works (under the hood) A “fractal” here is a confirmed pivot: the highest high (or lowest low) with n bars on each side. That means pivots only confirm after n bars, so signals are cleaner and less noisy. When a new pivot prints, the script connects it to the prior pivot of the same type (high→high, low→low). That gives you one “bearish” line from highs and one “bullish” line from lows. The newest line is marked as recent (brighter), and the previous recent line becomes historical (dimmed). You can keep as many pairs as you want, but I usually keep it tight. Inputs you’ll actually use Fractal Period (n): this is the big one. It controls how swingy/strict the pivots are. Lower n → more swings, more lines (faster, noisier) Higher n → fewer swings, cleaner lines (slower, swing-trade friendly) Max pair of lines: how many pairs (up+down) to keep on the chart. 1–3 is a sweet spot. Extend: extend lines Right (my default) or Both ways if you like the context. Line widths & colours: recent vs. historical are separate so you can make the active lines pop. Show crosses: toggle the X markers when price crosses a line. I turn this on when I’m actively hunting breakouts/retests. Reading the chart Red lines (from highs): I treat these as potential resistance. A clean break + hold above a red line often flips me from “fade” to “follow.” Green lines (from lows): Potential support. Same idea in reverse: break + hold below and I stop buying dips until I see structure reclaim. HH / LH / HL / LL dots: quick read on structure. HH/HL bias = uptrend continuation potential LH/LL bias = downtrend continuation potential Mixed prints = rotation/chop—tighten risk or wait for clarity. My H1 guidance (fine-tuning Fractal Period) If you’re mainly on H1 (my use case), tune like this: Fast / aggressive: n = 6–8 (lots of signals, good for momentum days; more chop risk) Balanced (recommended): n = 9–12 (keeps lines meaningful but responsive) Slow / swing focus: n = 13–21 (filters noise; better for trend days and higher-TF confluence) Rule of thumb: if you’re getting too many touches and whipsaws, increase n. If you’re late to obvious breaks, decrease n. How I trade it (example workflow) Pick your n for the session (H1: start at 9–12). Mark the recent red & green lines. That’s your immediate structure. Look for interaction: Rejections from a line = fade potential back into the range. Break + close across a line = watch the retest for continuation. Confirm with context: session bias, HTF structure, and your own tools (VWAP, RSI, volume, FVG/OB, etc.). Plan the trade: enter on retest or reclaim, stop beyond the line/last swing, target the opposite side or next structure. Alerts (set and forget) “New trendline formed” — fires when a new high/low pivot confirms and a fresh line is drawn. “Upper/lower trendline crossed” — fires when price crosses the most recent red/green line. Use these to track structure shifts without staring at the screen. Good to know (honest limitations) Confirmation lag: pivots need n bars on both sides, so signals arrive after the swing confirms. That’s by design—less noise, fewer fake lines. Lines update as structure evolves: when a new pivot forms, the previous “recent” line becomes “historical,” and older ones can be removed based on your max setting. Not an auto trendline crystal ball: it won’t predict which line holds or breaks—it just keeps the most relevant structure clean and up to date. Final notes Works on any timeframe; I built it with H1 in mind and scale to H4/D1 by increasing n. Pairs nicely with session tools and VWAP for intraday, or with supply/demand / FVGs for swing planning. Risk first: lines are structure, not guarantees. Manage position size and stops as usual. Not financial advice. Trade your plan. Stay nimble.
Indicatore Pine Script®
di OakleyJM
1
Trendlines Oscillator [LuxAlgo]The Trendlines Oscillator helps traders identify trends and momentum based on the normalized distances between the current price and the most recently detected bullish and bearish trend lines. The indicator features bullish and bearish momentum, a signal line with crossings, and multiple smoothing options. 🔶 USAGE The indicator displays three lines: two for momentum and one for the signal. When one of the momentum lines (bullish or bearish) crosses the signal line, the tool displays a dot to indicate which momentum is gaining strength. As a general rule, when the green bullish momentum line is above the red bearish momentum line, it indicates buyer strength. This means that the actual prices are farther from the support trend lines than the resistance trend lines. The opposite is true for seller strength. To calculate bullish momentum, the tool first identifies bullish trend lines acting as support below the price. Then, it measures the delta between the price and those trend lines and normalizes the reading into the displayed momentum values. The same process is used for bearish momentum, but with bearish trendlines acting as resistance above the price. 🔹 Length & Memory Modifying the Length and Memory values will cause the tool to display different momentum values. Traders can adjust the length to detect larger trendlines and adjust the memory to indicate how many trendlines the tool should consider. As the chart above shows, smaller values make the tool more responsive, while larger values are useful for detecting larger trends. 🔹 Smoothing By default, the data is not smoothed, and the signal uses a triangular moving average with a length of 10. Traders can smooth both the data and the signal line. Traders can choose from up to ten different methods, or none. Some examples are shown on the chart above. 🔶 DETAILS The steps for the calculations are as follows: 1. Gather the pivots, highs, and lows. ph = fixnan(ta.pivothigh(lengthInput, lengthInput)) pl = fixnan(ta.pivotlow(lengthInput, lengthInput)) 2. Calculate the slope and y-intercept for each trendline between contiguous lower highs (resistance) or higher lows (support). if ph < ph slope = (ph - ph )/(n-lengthInput - phx1) res.unshift(l.new(ph - slope * phx1, slope)) if pl > pl slope = (pl - pl )/(n-lengthInput - plx1) sup.unshift(l.new(pl - slope * plx1, slope)) 3. Calculate the value of each trendline on the current bar, then calculate the difference with the current price (delta). To calculate the relative sum of deltas, only consider trendlines below the price for support or above the price for resistance. method get_point(l id, x)=> id.slope * x + id.intercept for element in sup point = element.get_point(n) if sourceInput > point sup_sum += sourceInput - point sup_den += math.abs(sourceInput - point) for element in res point = element.get_point(n) if sourceInput < point res_sum += point - sourceInput res_den += math.abs(point - sourceInput) 4. Normalize the value from 0 to 100 by taking the sum of the relative values of the deltas divided by the sum of the absolute values of the deltas. float supportLine = sup_sum / sup_den * 100 float resistanceLine = res_sum / res_den * 100 5. Smooth both values, then calculate the signal line as the difference between them. float smoothSupport = smooth(supportLine,dataSmoothingInput,dataSmoothingLengthInput) float smoothResistance = smooth(resistanceLine,dataSmoothingInput,dataSmoothingLengthInput) float signal = math.abs(smoothSupport - smoothResistance) float signalLine = smooth(signal,smoothingInput,smoothingLengthInput) 6. Calculate the crossing signals against the signal line, using only the first signal from each series of bullish or bearish crossings. bullSignal = smoothSupport > signalLine and smoothSupport < signalLine bearSignal = smoothResistance > signalLine and smoothResistance < signalLine lastSignal := bullSignal and lastSignal == BEAR ? BULL : bearSignal and lastSignal == BULL ? BEAR : lastSignal firstBull = ta.change(lastSignal) > 0 firstBear = ta.change(lastSignal) < 0 🔶 SETTINGS Length: The size of the market structure used for trendline detection. Memory: The number of trendlines used in calculations. Source: The source for the calculations is closing prices by default. 🔹 Smoothing Data Smoothing: Choose the smoothing method and length Signal Smoothing: Choose the smoothing method and length
Indicatore Pine Script®
di LuxAlgo
9
Trend Line Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move. A trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any time frame. They show direction and speed of price, and also describe patterns during periods of price contraction. Key Takeaways Trendlines indicate the best fit of some data using a single line. A single trendline can be applied to a chart to give a clearer picture of the trend. The time period being analyzed and the exact points used to create a trendline vary from trader to trader. The trendline is among the most important tools used by technical analysts. Instead of looking at past business performance or other fundamentals, technical analysts look for trends in price action. A trendline helps technical analysts determine the current direction in market prices. Technical analysts believe the trend is your friend, and identifying this trend is the first step in the process of making a good trade. To create a trendline, an analyst must have at least two points on a price chart. Some analysts like to use different time frames such as one minute or five minutes. Others look at daily charts or weekly charts. Some analysts put aside time altogether, choosing to view trends based on tick intervals rather than intervals of time. What makes trendlines so universal in usage and appeal is they can be used to help identify trends regardless of the time period, time frame or interval used.
Indicatore Pine Script®
di HPotter
7
Trend Friendly RSITrend Friendly RSI Unlike the standard RSI, "Trend Friendly RSI" adapts to the trend. RSI and other momentum-based oscillators cannot give a buy signal in uptrends and a sell signal in downtrends because they do not take into account the momentum of the trend and behave as if the price is in a constant sideways trend. "Trend Friendly RSI", on the other hand, takes into account the momentum of the trend of your chosen length and subtracts it from the current momentum, thus giving more realistic buy and sell signals. use it to identify your long-term investments and trading entry points for hodl. It would be wise to use this indicator for assets that you have done fundamental analysis and are sure of the trend direction. it doesn't know what the price will do, it just shows the points that are suitable for you. remember this indicator will fail in horizontal trends.
Indicatore Pine Script®
di faytterro
8
Trendlines with Breaks [LuxAlgo]The trendlines with breaks indicator return pivot point based trendlines with highlighted breakouts. Users can control the steepness of the trendlines as well as their slope calculation method. Trendline breakouts occur in real-time and are not subject to backpainting. Trendlines can however be subject to repainting unless turned off from the user settings. The indicator includes integrated alerts for trendline breakouts. 🔶 USAGE Any valid trendlines methodology can be used with the indicator, users can identify breakouts in order to infer future price movements. The calculation method of the slope greatly affects the trendline's behaviors. By default, an average true range is used, returning a more constant slope amongst trendlines. Other methods might return trendlines with significantly different slopes. Stdev makes use of the standard deviation for the slope calculation, while Linreg makes use of the slope of a linear regression. The above chart shows the indicator using "Stdev" as a slope calculation method. The chart below makes use of the "Linreg" method. By default trendlines are subject to backpainting, and as such are offset by length bars in the past. Disabling backpainting will not offset the trendlines. 🔶 SETTINGS Length: Pivot points period Slope: Slope steepness, values greater than 1 return a steeper slope. Using a slope of 0 would be equivalent to obtaining levels. Slope Calculation Method: Determines how the slope is calculated. Backpaint: Determine whether trendlines are backpainted, that is offset to past.
Indicatore Pine Script®
di LuxAlgo
430
Trend CandlesTrend Candles Overview The Trend Candles indicator is a simple yet effective tool designed to help traders visually identify the prevailing market trend. By combining candle coloring with a trend-based Exponential Moving Average (EMA), it enhances chart readability and makes trend-following strategies easier to apply. Concepts Exponential Moving Average (EMA): The EMA is a moving average that places more weight on recent price data. It reacts faster to price changes compared to a Simple Moving Average (SMA), making it well-suited for trend detection. Trend Determination: - If the EMA is rising (current EMA > previous EMA), the market is considered bullish. - If the EMA is falling (current EMA < previous EMA), the market is considered bearish. - If the EMA is flat (no significant change), no trend color is applied. Candle Coloring: - Green candles = Uptrend - Purple candles = Downtrend - Default candles = Sideways/Flat EMA Features - Trend Visualization: Candles automatically change color based on EMA slope, making it easy to spot bullish and bearish phases. - Customizable EMA Length: The trader can set the EMA period (default is 50), allowing flexibility for short-term or long-term trend analysis. - Overlay EMA Line: An orange EMA line is plotted on the chart for additional confirmation of the trend. - Clean & Minimalist: Focuses on trend clarity without cluttering the chart with unnecessary signals. How to Use 1. Apply the indicator to your chart. 2. Adjust the EMA Length as per your trading style (shorter = faster signals, longer = smoother trend). 3. Follow the candle color: - Green = Favor long entries. - Purple = Favor short entries. - No color = Stay cautious, as trend is unclear. 4. Use with other confirmation tools (support/resistance, volume, or oscillators). 5. Users are encouraged to experiment with different EMA lengths. The default length is 50, but you can explore other values based on your needs. In particular, try Fibonacci numbers such as 13, 21, 34, 55, 89, 144, and 233 to observe how trends behave differently. Disclaimer The information provided by the Trend Candles indicator is for educational purposes only. It should not be considered financial advice. Trading involves substantial risk, and past performance is not necessarily indicative of future results. Always do your own research and use risk management practices.
Indicatore Pine Script®
di moneypots
Trend Strength Index [Alpha Extract]The Trend Strength Index leverages Volume Weighted Moving Average (VWMA) and Average True Range (ATR) to quantify trend intensity in cryptocurrency markets, particularly Bitcoin. The combination of VWMA and ATR is particularly powerful because VWMA provides a more accurate representation of the market's true average price by weighting periods of higher trading volume more heavily—capturing genuine momentum driven by increased participation rather than treating all price action equally, which is crucial in volatile assets like Bitcoin where volume spikes often signal institutional interest or market shifts. Meanwhile, ATR normalizes this measurement for volatility, ensuring that trend strength readings remain comparable across different market conditions; without ATR's adjustment, raw price deviations from the mean could appear artificially inflated during high-volatility periods (like during news events or liquidations) or understated in low-volatility sideways markets, leading to misleading signals. Together, they create a volatility-adjusted, volume-sensitive metric that reliably distinguishes between meaningful trend developments and noise. This indicator measures the normalized distance between price and its volume-weighted mean, providing a clear visualization of trend strength while accounting for market volatility. It helps traders identify periods of strong directional movement versus consolidation, with color-coded gradients for intuitive interpretation. 🔶 CALCULATION The indicator processes price data through these analytical stages: Volume Weighted Moving Average: Computes a smoothed average weighted by trading volume Volatility Normalization: Uses ATR to account for market volatility Distance Measurement: Calculates absolute deviation between current price and VWMA Strength Normalization: Divides price deviation by ATR for a volatility-adjusted metric Formula: VWMA = Volume-Weighted Moving Average of Close over specified length ATR = Average True Range over specified length Price Distance = |Close - VWMA| Trend Strength = Price Distance / ATR 🔶 DETAILS Visual Features: VWMA Line: Blue line overlay on the price chart representing the volume-weighted mean Trend Strength Area: Histogram-style area plot with dynamic color gradient (red for weak trends, transitioning through orange and yellow to green for strong trends) Threshold Line: Horizontal red line at the customizable Trend Enter level Background Highlight: Subtle green background when trend strength exceeds the enter threshold for strong trend visualization Alert System: Triggers notifications for strong trend detection Interpretation: 0-Weak (Red): Minimal trend strength, potential consolidation or ranging market Mid-Range (Orange/Yellow): Building momentum, watch for breakout potential At/Above Enter Threshold (Green): Strong trend conditions, potential for continued directional moves Threshold Crossing: Trend strength crossing above the enter level signals increasing conviction in the current direction Color Transitions: Gradual shifts from warm (red/orange) to cool (green) tones indicate strengthening trends 🔶 EXAMPLES Strong Trend Entry: When trend strength crosses above the enter threshold (e.g., 1.2), it identifies the onset of a powerful move where price deviates significantly from the mean. Example: During a rally, trend strength rising from yellow (around 1.0) to green (1.2+) often precedes sustained upward momentum, providing entry opportunities for trend followers. Consolidation Detection: Low trend strength values in red shades (below 0.5) highlight periods of low volatility and mean reversion potential. Example: After a sharp sell-off, persistent red values signal a likely sideways phase, allowing traders to avoid whipsaws and wait for orange/yellow transitions as a precursor to recovery. Volatility-Adjusted Pullbacks: In volatile markets, the ATR component ensures trend strength remains accurate; a dip back to yellow from green during minor corrections can indicate healthy pullbacks within a strong trend. Example: Trend strength briefly falling to yellow levels (e.g., 0.8-1.1) after hitting green provides profit-taking signals without invalidating the overall bullish bias if the VWMA holds as support. Threshold Alert Integration: The alert condition combines strength value with the enter threshold for timely notifications. Example: Receiving a "Strong Trend Detected" alert when the area plot turns green helps confirm Bitcoin's breakout from consolidation, aligning with increased volume for higher-probability trades. 🔶 SETTINGS Customization Options: Lengths: VWMA length (default 14), ATR length (default 14) Thresholds: Trend enter (default 1.2, step 0.1), trend exit (default 1.15, for potential future signal enhancements) Visuals: Automatic color scaling with red at 0, transitioning to green at/above enter threshold Alert Conditions: Strong trend detection (when strength > enter) The Trend Strength Index equips traders with a robust, easy-to-interpret tool for gauging trend intensity in volatile markets like Bitcoin. By normalizing price deviations against volatility, it delivers reliable signals for identifying high-momentum opportunities while the gradient coloring and alerts facilitate quick assessments in both trending and choppy conditions.
Indicatore Pine Script®
di AlphaExtract
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