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Trend Volume Accumulation R1 by JustUncleLThis simple indicator shows the Accumulated Volume within the current uptrend or downtrend. The uptrend/downtrend is detected by a change in direction of the candles which works very well with Heikin Ashi and Renko charts. Alternatively you can use a Moving average direction to indicate trend direction, which should work on any candle type. You can select between 11 different types of moving average: SMA = Simple Moving Average. EMA = Exponential Moving Average. WMA = Weighted Moving Average VWMA = Volume Weighted Moving Average SMMA = Smoothed Simple Moving Average. DEMA = Double Exponential Moving Average TEMA = Triple Exponential Moving Average. HullMA = Hull Moving Average SSMA = Ehlers Super Smoother Moving average ZEMA = Near Zero Lag Exponential Moving Average. TMA = Triangular (smoothed) Simple Moving Average. Here is a sample chart using EMA length 6 for trend Direction:
Indicatore Pine Script®
di JustUncleL
5
[blackcat] L3 Trendmaster XOVERVIEW The L3 Trendmaster X is an advanced trend-following indicator meticulously crafted to assist traders in identifying and capitalizing on market trends. This sophisticated tool integrates multiple technical factors, including Average True Range (ATR), volume dynamics, and price spreads, to deliver precise buy and sell signals. By plotting dynamic trend bands directly onto the chart, it offers a comprehensive visualization of potential trend directions, enabling traders to make informed decisions swiftly and confidently 📊↗️. FEATURES Customizable Input Parameters: Tailor the indicator to match your specific trading needs with adjustable settings: Trendmaster X Multiplier: Controls the sensitivity of the ATR-based levels. Trendmaster X Period: Defines the period over which the ATR is calculated. Window Length: Specifies the length of the moving window for standard deviation calculations. Volume Averaging Length: Determines how many periods are considered for averaging volume. Volatility Factor: Adjusts the impact of volatility on the trend bands. Core Technical Metrics: Dynamic Range: Measures the range between high and low prices within each bar. Candle Body Size: Evaluates the difference between open and close prices. Volume Average: Assesses the cumulative On-Balance Volume relative to the dynamic range. Price Spread: Computes the standard deviation of the price ranges over a specified window. Volatility Factor: Incorporates volatility into the calculation of trend bands. Advanced Trend Bands Calculation: Upper Level: Represents potential resistance levels derived from the ATR multiplier. Lower Level: Indicates possible support levels using the same ATR multiplier. High Band and Low Band: Dynamically adjust to reflect current trend directions, offering a clear view of market sentiment. Visual Representation: Plots distinct green and red trend lines representing bullish and bearish trends respectively. Fills the area between these trend lines and the middle line for enhanced visibility. Displays clear buy ('B') and sell ('S') labels on the chart for immediate recognition of trading opportunities 🏷️. Alert System: Generates real-time alerts when buy or sell conditions are triggered, ensuring timely action. Allows customization of alert messages and frequencies to align with individual trading strategies 🔔. HOW TO USE Adding the Indicator: Open your TradingView platform and navigate to the "Indicators" section. Search for " L3 Trendmaster X" and add it to your chart. Adjusting Settings: Fine-tune the input parameters according to your preferences and trading style. For example, increase the Trendmaster X Multiplier for higher sensitivity during volatile markets. Decrease the Window Length for shorter-term trend analysis. Monitoring Trends: Observe the plotted trend bands and labels on the chart. Look for buy ('B') labels at potential support levels and sell ('S') labels at resistance levels. Setting Up Alerts: Configure alerts based on the generated buy and sell signals. Choose notification methods (e.g., email, SMS) and set alert frequencies to stay updated without constant monitoring 📲. Combining with Other Tools: Integrate the Trendmaster X with other technical indicators like Moving Averages or RSI for confirmation. Utilize fundamental analysis alongside the indicator for a holistic approach to trading. Backtesting and Optimization: Conduct thorough backtests on historical data to evaluate performance. Optimize parameters based on backtest results to enhance accuracy and reliability. Real-Time Application: Apply the optimized settings to live charts and monitor real-time signals. Execute trades based on confirmed signals while considering risk management principles. LIMITATIONS Market Conditions: The indicator might produce false signals in highly volatile or sideways-trending markets due to increased noise and lack of clear direction 🌪️. Complementary Analysis: Traders should use this indicator in conjunction with other analytical tools to validate signals and reduce the likelihood of false positives. Asset-Specific Performance: Effectiveness can vary across different assets and timeframes; therefore, testing on diverse instruments is recommended. NOTES Data Requirements: Ensure adequate historical data availability for accurate calculations and reliable signal generation. Demo Testing: Thoroughly test the indicator on demo accounts before deploying it in live trading environments to understand its behavior under various market scenarios. Parameter Customization: Regularly review and adjust parameters based on evolving market conditions and personal trading objectives.
Indicatore Pine Script®
di blackcat1402
4
Advanced Multi-Timeframe Trend DetectorThis script is designed to provide a multi-timeframe trend analysis, combining moving averages (MAs) and the Relative Strength Index (RSI) to determine market direction across different timeframes. Here's a breakdown of what the script does: Key Components of the Script Inputs: Moving Averages: Short and long moving average lengths (9 and 21 periods). ATR and RSI Lengths: ATR (Average True Range) and RSI (Relative Strength Index) lengths set to 14 periods. RSI Levels: Overbought and oversold levels for the RSI set to 70 and 30, respectively. Trend Determination: A function called trendDirection evaluates the trend based on the closing prices of the current and previous periods, as well as the RSI value. It classifies the trend as "Up", "Down", or "Sideways" based on the conditions: Up: Current close is higher than the previous close and RSI is below the overbought level. Down: Current close is lower than the previous close and RSI is above the oversold level. Sideways: If neither condition is met. Table Creation: A table is created at the bottom right of the chart to display the trend for different timeframes (5m, 15m, 60m, 240m, and Daily). The table is initialized with headers and then populated with the trend results for each timeframe. Calculating Trends for Each Timeframe: The script fetches the current and previous close prices for each timeframe using request.security(). It calculates the RSI for each timeframe and then calls the trendDirection function to determine the trend. Displaying Trends: The results are displayed in a table format, with each timeframe and its corresponding trend. Summary Overall, this script provides a concise way to visualize market trends across multiple timeframes, using MAs and RSI to offer a more nuanced view of potential market movements. This can help traders make more informed decisions based on the prevailing trends.
Indicatore Pine Script®
di lillymilone9298
cphelperLibrary "cphelper" ACPU helper library - for private use. Not so meaningful for others. calculate_rr(targetArray, rrArray, breakevenOnTarget1)   calculates risk reward for given targets   Parameters:      targetArray (float ) : array of targets      rrArray (float ) : array of risk reward      breakevenOnTarget1 (simple bool) : option to breakeven   Returns: array rrArray trendPairs(l1StartX, l1StartY, l1EndX, l1EndY, l2StartX, l2StartY, l2EndX, l2EndY, zgColor)   creates trendline pairs   Parameters:      l1StartX (int) : startX of first line      l1StartY (float) : startY of first line      l1EndX (int) : endX of first line      l1EndY (float) : endY of first line      l2StartX (int) : startX of second line      l2StartY (float) : startY of second line      l2EndX (int) : endX of second line      l2EndY (float) : endY of second line      zgColor (color) : line color   Returns: find_type(l1t, l2t, channelThreshold)   Finds type based on trendline pairs   Parameters:      l1t (line) : line1      l2t (line) : line2      channelThreshold (simple float) : theshold for channel identification   Returns: pattern type and flags getFlags(flags)   Flatten flags   Parameters:      flags (bool ) : array of flags   Returns: - flattened flags isChannel, isTriangle, isWedge, isExpanding, isContracting, isFlat, isRising, isFalling getType(typeNum)   Get type based on type number   Parameters:      typeNum (int) : number representing type   Returns: String value of type getStatus(status, maxStatus)   Get status based on integer value representations   Parameters:      status (int) : integer representing current status      maxStatus (int) : integer representing max status   Returns: String status value calculate_simple_targets(trendLines, settingsMatrix, patternTypeMapping, patternType)   Calculate targets based on trend lines   Parameters:      trendLines (line ) : trendline pair array      settingsMatrix (matrix) : matrix containing settings      patternTypeMapping (string ) : array containing pattern type mapping      patternType (int) : pattern type   Returns: arrays containing long and short calculated targets recalculate_position(patternTypeAndStatusMatrix, targetMatrix, index, pIndex, status, maxStatus, targetValue, stopValue, dir, breakevenOnTarget1)   Recalculate position values   Parameters:      patternTypeAndStatusMatrix (matrix) : matrix containing pattern type and status      targetMatrix (matrix) : matrix containing targets      index (int) : current index      pIndex (int) : pattern index      status (int) : current status      maxStatus (int) : max status reached      targetValue (float) : current target value      stopValue (float) : current stop value      dir (int) : direction      breakevenOnTarget1 (simple bool) : flag to breakeven upon target1   Returns: new status and maxStatus values draw_targets(longTargets, shortTargets, index, labelColor, patternName, positionIndex, longMaxStatus, longStatus, shortMaxStatus, shortStatus, tempBoxes, tempLines, tempLabels)   Draw targets on chart   Parameters:      longTargets (matrix) : matrix containing long targets      shortTargets (matrix) : matrix containing short targets      index (int) : current index      labelColor (color) : color of lines and labels      patternName (string) : Pattern name      positionIndex (int) : position on the chart      longMaxStatus (int) : max status for long      longStatus (int) : long status value      shortMaxStatus (int) : max status for short      shortStatus (int) : short status value      tempBoxes (box ) : temporary box array      tempLines (line ) : temporary lines array      tempLabels (label ) : temporary labels array   Returns: void populate_open_stats(patternIdArray, barMatrix, patternTypeAndStatusMatrix, patternColorArray, longTargets, shortTargets, patternRRMatrix, OpenStatPosition, lblSizeOpenTrades)   Populate open stats table   Parameters:      patternIdArray (int ) : pattern Ids      barMatrix (matrix) : matrix containing bars      patternTypeAndStatusMatrix (matrix) : matrix containing pattern type and status      patternColorArray (color ) : array containing current patter colors      longTargets (matrix) : matrix of long targets      shortTargets (matrix) : matrix of short targets      patternRRMatrix (matrix) : pattern risk reward matrix      OpenStatPosition (simple string) : table position      lblSizeOpenTrades (simple string) : text size   Returns: void draw_pattern_label(trendLines, patternFlagMatrix, patternTypeAndStatusMatrix, patternColorArray, patternFlags, patternLabelArray, zgColor, patternType, drawLabel, clearOldPatterns, safeRepaint, maxPatternsReference)   Parameters:      trendLines (line )      patternFlagMatrix (matrix)      patternTypeAndStatusMatrix (matrix)      patternColorArray (color )      patternFlags (bool )      patternLabelArray (label )      zgColor (color)      patternType (int)      drawLabel (simple bool)      clearOldPatterns (simple bool)      safeRepaint (simple bool)      maxPatternsReference (simple int) populate_closed_stats(patternTypeAndStatusMatrix, bullishCounts, bearishCounts, bullishRetouchCounts, bearishRetouchCounts, bullishSizeMatrix, bearishSizeMatrix, bullishRR, bearishRR, ClosedStatsPosition, lblSizeClosedTrades, showSelectivePatternStats, showPatternStats, showStatsInPercentage)   Parameters:      patternTypeAndStatusMatrix (matrix)      bullishCounts (matrix)      bearishCounts (matrix)      bullishRetouchCounts (matrix)      bearishRetouchCounts (matrix)      bullishSizeMatrix (matrix)      bearishSizeMatrix (matrix)      bullishRR (matrix)      bearishRR (matrix)      ClosedStatsPosition (simple string)      lblSizeClosedTrades (simple string)      showSelectivePatternStats (simple bool)      showPatternStats (simple bool)      showStatsInPercentage (simple bool)
Libreria Pine Script®
di Trendoscope
reversalchartpatternsLibrary "reversalchartpatterns" User Defined Types and Methods for reversal chart patterns - Double Top, Double Bottom, Triple Top, Triple Bottom, Cup and Handle, Inverted Cup and Handle, Head and Shoulders, Inverse Head and Shoulders method delete(this)   Deletes the drawing components of ReversalChartPatternDrawing object   Namespace types: ReversalChartPatternDrawing   Parameters:      this (ReversalChartPatternDrawing) : ReversalChartPatternDrawing object   Returns: current ReversalChartPatternDrawing object method delete(this)   Deletes the drawing components of ReversalChartPattern object. In turn calls the delete of ReversalChartPatternDrawing   Namespace types: ReversalChartPattern   Parameters:      this (ReversalChartPattern) : ReversalChartPattern object   Returns: current ReversalChartPattern object method lpush(this, obj, limit, deleteOld)   Array push with limited number of items in the array. Old items are deleted when new one comes and exceeds the limit   Namespace types: array   Parameters:      this (array) : array object      obj (ReversalChartPattern) : ReversalChartPattern object which need to be pushed to the array      limit (int) : max items on the array. Default is 10      deleteOld (bool) : If set to true, also deletes the drawing objects. If not, the drawing objects are kept but the pattern object is removed from array. Default is false.   Returns: current ReversalChartPattern object method draw(this)   Draws the components of ReversalChartPatternDrawing   Namespace types: ReversalChartPatternDrawing   Parameters:      this (ReversalChartPatternDrawing) : ReversalChartPatternDrawing object   Returns: current ReversalChartPatternDrawing object method draw(this)   Draws the components of ReversalChartPatternDrawing within the ReversalChartPattern object.   Namespace types: ReversalChartPattern   Parameters:      this (ReversalChartPattern) : ReversalChartPattern object   Returns: current ReversalChartPattern object method scan(zigzag, patterns, errorPercent, shoulderStart, shoulderEnd, allowedPatterns, offset)   Scans zigzag for ReversalChartPattern occurences   Namespace types: zg.Zigzag   Parameters:      zigzag (Zigzag type from Trendoscope/Zigzag/11) : ZigzagTypes.Zigzag object having array of zigzag pivots and other information on each pivots      patterns (array) : Existing patterns array. Used for validating duplicates      errorPercent (float) : Error threshold for considering ratios. Default is 13      shoulderStart (float) : Starting range of shoulder ratio. Used for identifying shoulders, handles and necklines      shoulderEnd (float) : Ending range of shoulder ratio. Used for identifying shoulders, handles and necklines      allowedPatterns (array) : array of int containing allowed pattern types      offset (int) : Offset of zigzag to consider only confirmed pivots   Returns: int pattern type method createPattern(zigzag, patternType, patternColor, properties, offset)   Create Pattern from ZigzagTypes.Zigzag object   Namespace types: zg.Zigzag   Parameters:      zigzag (Zigzag type from Trendoscope/Zigzag/11) : ZigzagTypes.Zigzag object having array of zigzag pivots and other information on each pivots      patternType (int) : Type of pattern being created. 1 - Double Tap, 2 - Triple Tap, 3 - Cup and Handle, 4 - Head and Shoulders      patternColor (color) : Color in which the patterns are drawn      properties (ReversalChartTradeProperties)      offset (int)   Returns: ReversalChartPattern object created method getName(this)   get pattern name of ReversalChartPattern object   Namespace types: ReversalChartPattern   Parameters:      this (ReversalChartPattern) : ReversalChartPattern object   Returns: string name of the pattern method getDescription(this)   get consolidated description of ReversalChartPattern object   Namespace types: ReversalChartPattern   Parameters:      this (ReversalChartPattern) : ReversalChartPattern object   Returns: string consolidated description method init(this)   initializes the ReversalChartPattern object and creates sub object types   Namespace types: ReversalChartPattern   Parameters:      this (ReversalChartPattern) : ReversalChartPattern object   Returns: ReversalChartPattern current object ReversalChartPatternDrawing   Type which holds the drawing objects for Reversal Chart Pattern Types   Fields:      patternLines (array type from Trendoscope/Drawing/2) : array of Line objects representing pattern      entry (Line type from Trendoscope/Drawing/2) : Entry price Line      targets (array type from Trendoscope/Drawing/2)      stop (Line type from Trendoscope/Drawing/2) : Stop price Line      patternLabel (Label type from Trendoscope/Drawing/2) ReversalChartTradeProperties   Trade properties of ReversalChartPattern   Fields:      riskAdjustment (series float) : Risk Adjustment for calculation of stop      useFixedTarget (series bool) : Boolean flag saying use fixed target type wherever possible. If fixed target type is not possible, then risk reward/fib ratios are used for calculation of targets      variableTargetType (series int) : Integer value which defines whether to use fib based targets or risk reward based targets. 1 - Risk Reward, 2 - Fib Ratios      variableTargetRatios (array) : Risk reward or Fib Ratios to be used for calculation of targets when fixed target is not possible or not enabled      entryPivotForWm (series int) : which Pivot should be considered as entry point for WM patterns. 0 refers to the latest breakout pivot where as 5 refers to initial pivot of the pattern ReversalChartPattern   Reversal Chart Pattern master type which holds the pattern components, drawings and trade details   Fields:      pivots (array type from Trendoscope/Zigzag/11) : Array of Zigzag Pivots forming the pattern      patternType (series int) : Defines the main type of pattern 1 - Double Tap, 1 - Triple Tap, 3 - Cup and Handle, 4 - Head and Shoulders, 5- W/M Patterns, 6 - Full Trend, 7 - Half Trend      patternColor (series color) : Color in which the pattern will be drawn on chart      properties (ReversalChartTradeProperties)      drawing (ReversalChartPatternDrawing) : ReversalChartPatternDrawing object which holds the drawing components      trade (Trade type from Trendoscope/TradeTracker/1) : TradeTracker.Trade object holding trade components
Libreria Pine Script®
di Trendoscope
Market Structure - HH, HL, LH, LL with Trendlines & AlertsMarket Structure Script – HH, HL, LH, LL with Trendlines & Alerts This Pine Script is designed to help identify key market structure patterns such as Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL) on price charts. It also draws trendlines connecting the respective swing points and provides alerts when these important price patterns occur. Key Features: Swing High and Low Detection: The script uses the ta.pivothigh and ta.pivotlow functions to identify significant swing highs and swing lows based on the pivot length (pivotLen). These points mark local peaks and troughs in the price action. Dynamic Pivot Length: The script adjusts the pivotLen (which defines the number of bars used to calculate swing points) based on the current timeframe of the chart. For example, for a 15-minute chart, it uses a pivot length of 5 bars, while for a daily chart, it uses 10 bars. This dynamic adjustment ensures that the script works across different timeframes. Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), Lower Lows (LL): Higher High (HH): Identifies a price peak that is higher than the previous swing high, indicating an uptrend. Higher Low (HL): Identifies a price trough that is higher than the previous swing low, supporting the idea of an ongoing uptrend. Lower High (LH): Identifies a price peak that is lower than the previous swing high, suggesting a potential reversal or downtrend. Lower Low (LL): Identifies a price trough that is lower than the previous swing low, indicating a downtrend. Trendlines: For each identified Higher High, Higher Low, Lower High, or Lower Low, the script automatically draws a trendline connecting the corresponding swing points. These trendlines provide a visual representation of the market’s price structure, showing support and resistance levels. Labels: The script places labels on the chart next to the respective swing points. These labels mark whether the point is a Higher High (HH), Higher Low (HL), Lower High (LH), or Lower Low (LL). This helps traders easily visualize the price pattern at a glance. Alerts: Alert conditions are set for when a Higher High (HH), Higher Low (HL), Lower High (LH), or Lower Low (LL) is detected. Users can set up alerts to be notified whenever one of these key market structure patterns forms. Alerts are an essential feature for traders who want to act quickly when important trend changes are happening.
Indicatore Pine Script®
di wolf087
TrendLibrary "Trend" calculateSlopeTrend(source, length, thresholdMultiplier)   Parameters:      source (float)      length (int)      thresholdMultiplier (float) Purpose: The primary goal of this function is to determine the short-term trend direction of a given data series (like closing prices). It does this by calculating the slope of the data over a specified period and then comparing that slope against a dynamic threshold based on the data's recent volatility. It classifies the trend into one of three states: Upward, Downward, or Flat. Parameters: `source` (Type: `series float`): This is the input data series you want to analyze. It expects a series of floating-point numbers, typically price data like `close`, `open`, `hl2` (high+low)/2, etc. `length` (Type: `int`): This integer defines the lookback period. The function will analyze the `source` data over the last `length` bars to calculate the slope and standard deviation. `thresholdMultiplier` (Type: `float`, Default: `0.1`): This is a sensitivity factor. It's multiplied by the standard deviation to determine how steep the slope needs to be before it's considered a true upward or downward trend. A smaller value makes it more sensitive (detects trends earlier, potentially more false signals), while a larger value makes it less sensitive (requires a stronger move to confirm a trend). Calculation Steps: Linear Regression: It first calculates the value of a linear regression line fitted to the `source` data over the specified `length` (`ta.linreg(source, length, 0)`). Linear regression finds the "best fit" straight line through the data points. Slope Calculation: It then determines the slope of this linear regression line. Since `ta.linreg` gives the *value* of the line on the current bar, the slope is calculated as the difference between the current bar's linear regression value (`linRegValue`) and the previous bar's value (`linRegValue `). A positive difference means an upward slope, negative means downward. Volatility Measurement: It calculates the standard deviation (`ta.stdev(source, length)`) of the `source` data over the same `length`. Standard deviation is a measure of how spread out the data is, essentially quantifying its recent volatility. Adaptive Threshold: An adaptive threshold (`threshold`) is calculated by multiplying the standard deviation (`stdDev`) by the `thresholdMultiplier`. This is crucial because it means the definition of a "flat" trend adapts to the market's volatility. In volatile times, the threshold will be wider, requiring a larger slope to signal a trend. In quiet times, the threshold will be narrower. Trend Determination: Finally, it compares the calculated `slope` to the adaptive `threshold`: If the `slope` is greater than the positive `threshold`, the trend is considered **Upward**, and the function returns `1`. If the `slope` is less than the negative `threshold` (`-threshold`), the trend is considered **Downward**, and the function returns `-1`. If the `slope` falls between `-threshold` and `+threshold` (inclusive of 0), the trend is considered **Flat**, and the function returns `0`. Return Value: The function returns an integer representing the determined trend direction: `1`: Upward trend `-1`: Downward trend `0`: Flat trend In essence, this library function provides a way to gauge trend direction using linear regression, but with a smart filter (the adaptive threshold) to avoid classifying minor noise or low-volatility periods as significant trends.
Libreria Pine Script®
di jabez4jc
EMA 50 + 200 Trend Signal TableEMA 50 + 200 Trend Signal Table (ETT) This indicator provides a multi-timeframe trend signal table based on the 50-period and 200-period Exponential Moving Averages (EMAs). It visually plots the EMA 50 and EMA 200 on the chart, along with a customizable, compact table that indicates the trend direction across multiple timeframes. This tool is useful for traders looking to quickly identify market trends and momentum on various timeframes. How It Works - EMA Trend Analysis: The script compares the EMA 50 and EMA 200 values to determine the trend. When EMA 50 is above EMA 200, the trend is considered Bullish; if EMA 50 is below EMA 200, the trend is Bearish. If EMA 200 data is unavailable (e.g., on very short timeframes), the trend status will display as Neutral. - Multi-Timeframe Trend Signals: The table displays the trend signals across five user-defined timeframes, updating in real time. Each timeframe row shows either Bullish, Bearish, or Neutral, with colors customizable to your preference. Features - EMA 50 and EMA 200 Visualization: Plots EMA 50 and EMA 200 lines directly on the chart. Users can customize the color and line thickness for each EMA to fit their charting style. - Trend Signal Table: A table positioned on the chart (with options for positioning in the corners) shows the trend direction for the selected timeframes. Bullish Trend: Highlighted in green (default) with 50% opacity. Bearish Trend: Highlighted in red (default) with 50% opacity. Neutral Trend: Highlighted in gray (default) with 50% opacity. - Customizable Table Appearance: Allows users to select the position of the table (top-right, top-left, bottom-right, or bottom-left) and choose between compact sizes (Extra Small, Small, Normal). - Adjustable Colors: Users can specify custom colors for each trend status (Bullish, Bearish, Neutral) as well as for the text and table border colors. Inputs and Customizations - Timeframes: Choose up to five different timeframes for trend analysis. - EMA Colors and Line Widths: Customize the color and line width of EMA 50 and EMA 200 plotted on the chart. - Table Settings: Control the position, size, and color options of the trend signal table for improved visibility and integration with your chart layout. Use Case This indicator is ideal for traders who employ a multi-timeframe approach to confirm trends and filter entries. By monitoring the relative positions of EMA 50 and EMA 200 across various timeframes, traders can get a quick snapshot of trend strength and direction, aiding in informed trading decisions.
Indicatore Pine Script®
di laocreates
TP RSITP RSI - Integrated Trend, Momentum, and Volatility Analyzer The TP RSI indicator is an innovative 3-in-1 technical analysis tool that combines RSI, Bollinger Bands, and an EMA ribbon to provide traders with a comprehensive view of trend, momentum, and volatility in a single, easy-to-interpret visual display. Why This Combination? This mashup addresses three critical aspects of market analysis simultaneously: Trend identification and strength (EMA ribbon) Momentum measurement (RSI) Volatility assessment (Bollinger Bands) By integrating these components, traders can make more informed decisions based on multiple factors without switching between different indicators. How Components Work Together: 1. EMA Ribbon (Trend): 10 EMAs form 5 color-coded bands Blue: Uptrend, Red: Downtrend Provides a nuanced view of trend strength and potential reversals 2. RSI (Momentum): Color-coded for quick interpretation Blue: Upward momentum, Red: Downward momentum, White: Neutral Position relative to the ribbon offers additional insight 3. Bollinger Bands (Volatility): Applied to RSI for dynamic overbought/oversold levels Narrow bands indicate low volatility, suggesting potential breakouts Unique Aspects and Originality: Synergistic visual cues: Color coordination between ribbon and RSI Multi-factor confirmation: Requires alignment of trend, momentum, and volatility for strong signals Volatility-adjusted momentum: RSI interpreted within the context of Bollinger Bands How these components work together: Buy Signal: Blue ribbon with blue RSI outside the ribbon. Sell Signal: Red ribbon with red RSI outside the ribbon. Neutral: White RSI or RSI inside the ribbon (not recommended for trading) Increasing Momentum: RSI crossing above upper Bollinger Band (upward) or below lower Band (downward). Trend Strength: RSI rejection by the ribbon, while all bands are colored along with the trend direction, identifies a strong trend.
Indicatore Pine Script®
di TrendlineProject
9