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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
16
Trend Analysis [Ultimate] (Expo)█ Overview We have developed a Trend Analysis Indicator with many great functionalities that help traders to: Identify when a confirmed trend starts and ends. Identify pullbacks within trends. Identify the current trend direction and potential trend shifts. The indicator differentiates between different trend characteristics to measure the current trend stage. Everything is identified in real-time and without repainting. █ How is the trend characteristic calculated? This Trend Analysis Indicator uses different calculations method, such as Fibonacci ratios, price retracements, cycles, and volatility measures, to calculate the trend characteristic. These values are used in an EWMA* function (similar to RMA). This function is used to smooth out the noise in data sets and to better identify cyclic patterns in the data. This function works by giving greater weight to more recent data points and less weight to older data points. This allows it to better identify and track trends in the data. The indicator is a valuable and useful tool for market analysis and can be used to evaluate the strength, direction, and characteristics of trends in a market. █ Trend Trading Identifying the trend in trading is important because it helps traders to understand the direction in which the market is moving. Knowing the trend allows traders to develop more accurate trading strategies. Entering into a confirmed trend reduces your risk and increases the profit potential. However, knowing when to exit a trending market can be even harder. That is why we have developed this indicator that will notify you when the trend move is about to end. The key to success in trend trading lies in being able to recognize the beginning and end of a trend, as well as being able to spot pullbacks within an established trend. This trend indicator is a valuable tool to get insights into the current trend characteristic, which helps traders to spot new trends and pullbacks. █ How to use Trend This indicator should be used with trend analysis! Combine the indicators' insights with trend lines , channels, market structure, etc., to better understand the current trend structure. This indicator is about confirming a trend and understanding when a trend might start and end. Use this indicator to confirm and gain insights about trend structure. Trend Change The indicator comes with a background and bar coloring that detects the current trend and displays when the trend has a higher likelihood of changing. Pullback Pullback traders will find this indicator very useful to confirm and find pullbacks within trends. █ Indicator Features This Trend Analysis indicator has many valuable features for trend trading : Start & End of the Trend Feature: First, the default settings display a green and red histogram, which we call; (Start/End of Trend). This feature identifies when a confirmed trend is about to start/end and finds pullbacks within the trend. Confirmed Trend: Enable the confirmed trend if you want to display a green and red histogram when the trend is confirmed. When this histogram peaks, traders know that a momentum move in the trend direction is completed. This is a sign that the trend is strong. However, after such a move, a retracement is likely to happen. Use these peaks to take partial profits and to prepare to enter into the trend on the pullback that is likely to come. Bar Coloring: Bar coloring shows the direction of the trend and identifies areas where the trend has a higher probability of changing direction. When the bar coloring becomes white, traders know that the current price action within the trend has a characteristic of that there is a higher likelihood of a trend change. Use this insight to prepare for a potential trend change. Background Coloring: The background coloring is displayed when a strong trend is detected. *EWMA stands for Exponentially Weighted Moving Average. It is a type of time series forecasting method that assigns greater weight to recent observations in a time series data set. It is a way of smoothing out the data to remove the noise and make it easier to identify patterns and trends. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Indicatore Pine Script®
di Zeiierman
12
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
42
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
Trend Indicator for Directional Trading (add-on)TIDT is a two-part trend-based indicator designed to recognize the general direction and help you identify good opportunities for going long or short (both indicators are called the same way with "main" and "add-on" additions). This is the add-on indicator that is added below the chart and aside from identifying trending opportunities, it also shows Bullish and Bearish Divergences. Similar to the main indicator, it is based on 3 Moving Averages over which you have full control. You can choose between the following 7 types: - Simple Moving Average ( SMA ) - Exponential Moving Average ( EMA ) - Weighted Moving Average ( WMA ) - Running Moving Average (RMA) - Hull Moving Average ( HMA ) - Volume Weighted Moving Average ( VWMA ) - Arnaud Legoux Moving Average ( ALMA ) I strongly suggest that the types and periods for your MAs in the main and the add-on versions are identical so that you get a better visual of the whole picture. However, you may develop a trading strategy that relies on two different types of signals, so that's entirely up to you. Once you have set up the MAs and chosen the lookback period, the rest is taken care of for you. You get two types of signals: 1) Pullbacks - the divergences between your MAs generate a result, which is then averaged as a percentage gain or loss and worked out into a histogram. The colors of the histogram indicate opportunities to buy (if green), short (if red), or sit tight (if white) unless an explicit signal is given by the indicator. Overall the principle is simple - establish the trend and look for weaknesses so that you can open an order in the direction of the trend. 2) Divergences - generated in a similar way to the Pullbacks strategy with some minor adjustments and improvements to better catch the divergences. The histogram is slightly different, as the positive results are plotted above 0 and the negative ones below 0. As such, the histogram looks a lot like MACD, but with different calculations. The color principle mentioned above is the same - green for longs, red for shorts, and white for neutral unless specified by a signal. The change of the shade of the color shows an increase or a decrease in the momentum. A Long signal comes up when the price makes a lower low, while the momentum makes a higher low. A Short signal comes up when the price makes a higher high, but the momentum makes a lower high. Ticking a box next to the signal type will show the associated histogram and its signals. Due to the different ways those two histograms are calculated and displayed I recommend having either of them On, but not both. However, you may want to be able to see both types of signals, so I've left this as an option. Once again, all colors are fully configurable. The complete Trend Indicator for Directional Trading has gone over 1,500 revisions, has been forked over 10 times, and has been worked out to be as minimalistic, useful, and practical as possible. A great deal of work, time, and experience have been poured into this indicator to do what it's supposed to do - help you identify better entry opportunities for increased profitability. If you have any questions regarding the indicator or suggestions on how it could be improved, please let me know. Thank you.
Indicatore Pine Script®
di Quant_
Trend Algo (Expo) Trend Algo (Expo) is an automated Trend System that works by identifying high probability trend reversal signals , trading range signals as well as trend scalping signals. This Trend System is developed to catch the next trend and provide clarity in the current trend direction. The system aims to make it easier to come in early in a new trend as well as to stay longer in that trend. One of the main features is that the system has already filtered out false and choppy signals and aims to leave the most accurate ones. One of the main goals was to make a system that works well without having Heiken Ashi candles. However, if you apply the system to Heiken Ashi candles you will have an additional layer of noise filtering. The user can enable the following: ATR Trailing Stop - Helps to identify the trend as well as where to have your stop loss. ATR Trend Cloud - Helps to identify the trend. Trend Tracking Line - Helps to identify Strong trends and areas of trend reversals. Elasticity Band - Helps to identify the trading range, strong trends, and areas of trend reversals. Trend Scalping Dots - Helps to keep track of the short term price action. Signals: Trend Reversal Buy & Sell Signals - Trend reversals signals. Trend Scalping Signals - Signals within the current trend direction. Trading Range Signals - Signals within trading ranges. Noise- and Signal filters: Depending on your trading style you can choose between different trend filters and signals sensitivities. Real-Time Alerts No Repainting Works on any market and in any timeframe The indicator can be used standalone or as a part of your current trading strategy. HOW TO USE Use the indicator to identify trend reversals signals. Use the indicator to identify trends. Use the indicator to identify trading range signals. Use the indicator to identify trend scalping signals. INDICATOR IN ACTION 1-hour chart I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks! I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments! ----------------- Disclaimer Copyright by Zeiierman. The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My scripts/indicators/strategies/ideas are only for educational purposes! ACCESS THE INDICATOR • Contact me on TradingView or use the links below
Indicatore Pine Script®
di Zeiierman
114
TrendMaster ProTrendMaster Pro: A Comprehensive Trend Analysis Tool for Long-Term Investors TrendMaster Pro is an advanced technical indicator designed to provide long-term investors with a robust and comprehensive analysis of market trends. This sophisticated tool operates exclusively on daily timeframes, making it ideal for those focused on long-term investment strategies. By combining multiple analytical approaches, TrendMaster Pro offers investors a powerful means to assess trend quality and make informed decisions. Automatic Trend Detection At the heart of TrendMaster Pro lies its ability to automatically identify the most statistically significant trend. The indicator analyzes various timeframes ranging from 1000 to 5000 days, selecting the one that exhibits the highest correlation. This feature ensures that investors are always working with the most relevant trend data, eliminating the subjectivity often associated with manual trend identification. The trend detection algorithm employs a regression analysis approach, evaluating approximately 80,000 different trend alternatives each day. Each potential trend is assigned a score based on criteria such as trend density, deviation from regression, and the number of price points near the trend's floor and ceiling. The trend with the highest score is then selected and displayed on the chart. Comprehensive Scoring System TrendMaster Pro employs a multi-faceted scoring system that evaluates four key aspects of a trend, providing a holistic view of its quality and potential. Each aspect is scored on a scale of 0 to 10, with the overall trend quality score being a weighted average of these individual scores. 1. Length Score The Length Score measures the duration of the detected trend. Longer trends receive higher scores, reflecting increased reliability and significance. This score is calculated by normalizing the auto-selected period (which ranges from 1000 to 5000 days) to a scale of 5 to 10. For example, if the auto-selected period is 3000 days, it would receive a score of around 7.5. This emphasizes the importance of long-term trends in investment decision-making, as they tend to be more stable and indicative of underlying market forces. 2. Strength Score The Strength Score utilizes Pearson's Correlation Coefficient to assess trend strength. This statistical measure gauges the linear relationship between price and trend projection. A value closer to 1 indicates a strong positive correlation, reinforcing confidence in the trend direction based on historical price movements. The indicator translates the Pearson's Correlation Coefficient into a score from 0 to 10. For instance, a correlation coefficient of 0.95 might translate to a Strength Score of 8, indicating a strong and reliable trend. 3. Performance Score The Performance Score compares the asset's Compound Annual Growth Rate (CAGR) to a chosen benchmark, typically a major index like the S&P 500. This score provides insight into how well the asset is performing relative to the broader market. The CAGR is calculated using the formula: CAGR = (Ending Value / Beginning Value)^(1/n) - 1, where n is the number of years. The Performance Score is then determined by comparing this CAGR to the benchmark's CAGR over the same period. A higher score indicates outperformance relative to the benchmark. 4. Level Score The Level Score evaluates the current price position within the trend channel. Lower prices within the channel receive higher scores, suggesting potential value or buying opportunities. This score helps identify possible entry points based on historical trend behavior. For example, if the current price is near the lower boundary of the trend channel, it might receive a Level Score of 9, indicating a potentially attractive entry point. Visual Representation TrendMaster Pro provides a clear visual representation of the detected trend by displaying a regression channel on the chart. This channel consists of three lines: a middle line representing the main trend, and upper and lower lines representing standard deviations from the main trend. The channel offers a quick visual reference for support and resistance levels, helping investors identify potential entry and exit points. The color and style of these lines can be customized to suit individual preferences. Detailed Information Table A comprehensive table presents all scores and relevant data, allowing for quick and easy interpretation of the trend analysis. This table includes: The auto-selected trend length The Pearson's Correlation Coefficient The asset's CAGR and the benchmark's CAGR Individual scores for Length, Strength, Performance, and Level The overall Trend Quality Score This table provides investors with a clear, at-a-glance summary of the trend's key characteristics and quality. Practical Application To use TrendMaster Pro effectively, investors should consider the following: Focus on the overall Trend Quality Score as a primary indicator of trend strength and reliability. Use the Length Score to gauge the trend's longevity and potential stability. Pay attention to the Strength Score to assess how well the price action aligns with the identified trend. Utilize the Performance Score to compare the asset's performance against the broader market. Consider the Level Score when timing entries, looking for opportunities when prices are relatively low within the trend channel. Use the visual trend channel as a guide for potential support and resistance levels. Limitations and Considerations While TrendMaster Pro offers powerful insights, it's important to remember that no indicator can predict future market movements with certainty. The tool should be used in conjunction with fundamental analysis and other market information. Additionally, as the indicator is designed for daily charts and long-term analysis, it may not be suitable for short-term trading strategies. Users should also be aware that past performance does not guarantee future results, even with strong trend indications. Conclusion TrendMaster Pro represents a significant advancement in trend analysis for long-term investors. By combining automatic trend detection, comprehensive scoring, and benchmark comparison, it offers a powerful tool for those seeking to make informed, data-driven investment decisions. Its ability to objectively assess trend quality across multiple dimensions provides investors with a valuable edge in navigating complex market conditions. For investors looking to deepen their understanding of market trends and enhance their long-term investment strategies, TrendMaster Pro offers a sophisticated yet accessible solution. As with any investment tool, users are encouraged to thoroughly familiarize themselves with its features and interpret its outputs in the context of their overall investment approach.
Indicatore Pine Script®
di Julien_Eche
1
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
TrendMaster PremiumTrendMaster TrendMaster is a complete trend following system with strict entry, exit and trade management criteria. The indicator is optimised for weekly, daily and 4-hour candlesticks and can be used for all trending markets. It was developed primarily for less experienced traders that struggle to determine relevant information from irrelevant information when viewing a candlestick chart. The indicator was built to solve the problem that all new traders face. Setting Up The Indicator After purchase, open the TradingView indicator library. Under the Invite-Only Scripts section, you will see TrendMaster. Add it to your chart. Next, you must customise your theme settings to allow TrendMaster to take over control of your candle colours. You can find a complete set-up tutorial on our website. The Cloud The indicator includes a moving average cloud which serves as a visual guide to local support and resistance. For a signal candle to print, price must trade above the moving average cloud and above the medium-term trend. By requiring multiple criteria we drastically reduce false entries. When price exits the cloud to the upside it typically trends above and finds support at the cloud during retracements. Candle Colours By default, TrendMaster will colour your candles in black and white. White candles indicate an uptrend in an asset and the candles will not change colour until the trend has reversed and a counter-trend signal has been printed. Black candles indicate a downtrend, they will remain black until a counter-trend long signal candle has been printed. Signal candles A signal candle is printed when the price of an asset closes above or below the moving average cloud and the medium term trend moving average. By requiring two criteria for a single candle to print we will see a drastic reduction in the number of false signals. The TrendMaster entry technique further reduces the likelihood of false entries. To enter a trade we do not buy the signal candle immediately. Instead, we treat the signal candle as an indication that a trend change is possible. We want to see confirmation of this trend before making an entry. To enter we place a pending order a few ticks above or below the high or low of the signal candle. By doing this we only enter a trade when the asset has shown a continuation in the direction of the suggested trend change. Once a trade has been taken we remain in that trade until either we have been stopped out on the break of a Williams fractal or the trend has reversed by printing an opposite to trend signal candle. It is important that we remain with the trend to ensure that we capture the maximum opportunity available. If you would like to use TrendMaster or any of our other Indicators, please visit my site. Here you can purchase one of our packages which include indicators, market scanner bots and a large Discord community. You will also find educational content and how to guides for our indicators. Our Story Founded in 2018 by IchimokuScholar and C00kie, TrendMaster is a team that produces technical analysis indicators with an emphasis on simplicity and noise reduction. We support a large community with educational content, automated market scanners and mentoring in our private chat rooms. We produce technical analysis indicators geared primarily towards the emerging Cryptocurrency asset class. We provide educational material to assist trader development and host a large online trend following community. All of our products are designed to help traders distinguish relevant information from background noise. Our indicators encourage disciplined trade management to maximise the opportunity captured while minimising losses. IchimokuScholar IchimokuScholar – In 2017 I retired from a career in higher education to focus on Trading. I like to trade long term trends, focusing primarily on continuation setups. I am dedicated to sharing my knowledge of trading and take great pleasure in simplifying technical analysis for newer traders. C00kie I started trading crypto in 2017 and immediately started coding a bunch of tools to improve my quality of life. Some definitely worked out better than others. Like to trade the higher timeframes and drawing horizontal lines on charts. I am also pretty much obligated to like cookies.
Indicatore Pine Script®
di TrendMasterPremium
13
TrendMaster TrialTrendMaster Trial This is the trial version of TrendMaster. It includes the Cloud and the candle colouring rules but does not provide the entry, exit and stop loss management of the full version. TrendMaster is a complete trend following system with strict entry, exit and trade management criteria. The indicator is optimised for weekly, daily and 4-hour candlesticks and can be used for all trending markets such as crypto, forex or stocks. It was developed primarily for less experienced traders that struggle to determine relevant information from irrelevant information when viewing a candlestick chart. The indicator was built to solve the problem that all new traders face. The Cloud The indicator includes a moving average cloud which serves as a visual guide to local support and resistance. When price exits the cloud to the upside it typically trends above and finds support at the cloud during retracements. Candle Colours By default, TrendMaster will colour your candles in black and white. White candles indicate an uptrend in an asset and the candles will not change colour until the trend has reversed and a counter-trend signal has been printed. Black candles indicate a downtrend, they will remain black until a counter-trend long signal candle has been printed. Setting Up The Indicator TrendMaster is optimised for Heikin-Ashi candles. Using candles with smoothing applied decreases the likelihood of whipsaw losses and provides a stable visual representation of the trend. Ensure you have applied Heikin-Ashi candles to your chart before continuing. You can customise to any style of your choice provided the candle borders and wicks are set to a uniform colour that contrasts the chart background. Entries and Exits A long signal candle is a white Heikin-Ashi candle that closes above the cloud. A short signal candle is a white Heikin-Ashi candle that closes below the cloud. Entries are taken with a pending order placed at the wick with a reasonable margin for error. Upgrading The full version of TrendMaster contains significantly more functionality including coloured signal candles, stop loss and trailing take profit management, alerts and much more. Our Story Founded in 2018 by IchimokuScholar and C00kie, TrendMaster is a team that produces technical analysis indicators with an emphasis on simplicity and noise reduction. We support a large community with educational content, automated market scanners and mentoring in our private chat rooms. We produce technical analysis indicators geared primarily towards the emerging Cryptocurrency asset class. We provide educational material to assist trader development and host a large online trend following community. All of our products are designed to help traders distinguish relevant information from background noise. Our indicators encourage disciplined trade management to maximise the opportunity captured while minimising losses. IchimokuScholar IchimokuScholar – In 2017 I retired from a career in higher education to focus on Trading. I like to trade long term trends, focusing primarily on continuation setups. I am dedicated to sharing my knowledge of trading and take great pleasure in simplifying technical analysis for newer traders. C00kie I started trading crypto in 2017 and immediately started coding a bunch of tools to improve my quality of life. Some definitely worked out better than others. Like to trade the higher timeframes and drawing horizontal lines on charts. I am also pretty much obligated to like cookies.
Indicatore Pine Script®
di TrendMasterPremium
4
Trend IdentifierThe “Trend Identifier” indicator is designed to help traders quickly identify trending and sideways market conditions, allowing them to adapt their strategies based on the prevailing market sentiment. By combining several technical analysis tools—ATR (Average True Range), ADX (Average Directional Index), EMA (Exponential Moving Average), and RSI (Relative Strength Index)—this script provides insights into the market’s strength, direction, and volatility to improve trade decision-making. How It Works 1. ATR (Average True Range): • ATR measures market volatility. In this script, ATR is used in combination with a moving average to identify periods of rising or falling volatility, which helps differentiate between trending and non-trending conditions. 2. ADX (Average Directional Index): • ADX is a key component in identifying the strength of a trend. The script uses a threshold system to classify market conditions: • If ADX is low (below a specified threshold plus a buffer) and ATR indicates low volatility, the market is likely in a sideways condition. • If ADX is high (above a threshold minus a buffer) with increasing ATR, the market is likely in a trending condition. 3. EMA (Exponential Moving Average): • A 20-period EMA is used instead of a simple moving average to enhance trend detection speed. The close price’s position relative to the EMA helps identify bullish or bearish trends when combined with ADX and ATR data. 4. RSI (Relative Strength Index): • RSI acts as a confirmation tool for trend strength. A bullish trend is confirmed if RSI is above 50 and the price is above the EMA, whereas a bearish trend is confirmed if RSI is below 50 and the price is below the EMA. Market Condition Signals • Sideways Signal: • When ADX and ATR indicate a low-volatility, sideways market, the indicator changes the background color to gray, signaling potential low-trend movement or consolidation. A “S” symbol appears above the bars, making it easier to spot this condition. • Bullish Trend: • When conditions favor a strong upward trend, the background changes to green. A “B” symbol is displayed below the bar, indicating the onset of a bullish market condition. • Bearish Trend: • Conversely, if conditions indicate a downward trend, the background color changes to red. A “S” symbol is displayed below the bar, showing a bearish trend condition. Using the Indicator This indicator helps traders understand the current market structure in a glance: • Sideways (Gray): Low-volatility consolidation period, ideal for range-bound strategies or waiting for a breakout. • Bullish (Green): Confirmed uptrend, potentially suitable for buying or long entries. • Bearish (Red): Confirmed downtrend, ideal for short selling or exiting long positions. The “Trend Identifier” is a powerful tool for traders who seek a clear view of the market structure, using a balanced approach of volatility, trend strength, and momentum. By combining the power of ATR, ADX, EMA, and RSI, this indicator provides a nuanced picture of the market’s behavior, assisting traders in making more informed decisions.
Indicatore Pine Script®
di TradeTechanalysis
Trend Spotter v1Trend Spotter - Advanced Trend and Momentum Trading Strategy Overview: Trend Spotter is an advanced trading script designed to help traders identify high-probability buy and sell opportunities in the market. This closed-source script combines trend detection and momentum analysis to deliver reliable and actionable trading signals. How It Works: Trend Spotter integrates two powerful technical indicators: the Moving Average Convergence Divergence (MACD) and the Stochastic Relative Strength Index (StochRSI). These indicators are known for their effectiveness in identifying market trends and momentum shifts, respectively. MACD Component: The MACD indicator is used to determine the strength and direction of a trend. By calculating the difference between a fast and a slow exponential moving average (EMA) of the asset’s price, the MACD helps to identify changes in the strength, direction, momentum, and duration of a trend. This script uses optimized settings for MACD to filter out market noise and focus on significant trends. StochRSI Enhancement: The StochRSI is an oscillator that applies the Stochastic formula to the Relative Strength Index (RSI) values, making it a more sensitive indicator for detecting overbought and oversold conditions. StochRSI provides early signals of potential trend reversals, adding an extra layer of precision to the MACD signals. Signal Generation Logic: Trend Spotter generates buy and sell signals based on a combination of MACD crossovers and StochRSI levels: Buy Signal: A buy signal is triggered when the MACD line crosses above the signal line, indicating a potential bullish trend, and the StochRSI confirms rising momentum. Sell Signal: A sell signal occurs when the MACD line crosses below the signal line, indicating a potential bearish trend, and the StochRSI confirms falling momentum. How to Use the Script: Apply to Chart: Add Trend Spotter to any asset’s chart. It is best suited for time frames of 1-hour or higher. Interpret Signals: Look for green arrows below the bars for buy signals and red arrows above the bars for sell signals. Risk Management: Use stop-loss and take-profit levels to manage risk, ideally based on the asset’s volatility. Unique Features: Adaptive Settings: Trend Spotter adjusts its sensitivity based on historical volatility and market conditions, ensuring that the signals remain relevant across different market environments. Visual and Audible Alerts: Traders receive clear visual signals on the chart and optional audible alerts when a buy or sell condition is met, ensuring that no trading opportunity is missed. Conclusion: Trend Spotter provides traders with a robust tool for trend and momentum analysis, combining the strengths of MACD and StochRSI to generate high-quality trading signals. This script is ideal for traders looking for a reliable method to identify entry and exit points in various market conditions. Disclaimer: While Trend Spotter has been backtested and optimized for performance, it is important to use it as part of a comprehensive trading strategy. Past performance is not indicative of future results, and traders should practice proper risk management when using this tool.
Indicatore Pine Script®
di JPCipher
TREND +SIDEWAYS OPTIMIZED algo signalsThis indicator will try to capture maximum trend of a stock it will keep trailing stoploss to capture maximum trend Works best in trendy markets FEATURES: Done and backtested on indian stocks. Trade session and exit session can be specified as inputs. Optional Stoploss Specially developed for intraday trading It would be good to use on normal candlesticks and time frame between (3 to 15 min) INPUTS: TRADE FREQUENCY: it can be an integer from from 1 to 5 , Frequency denotes the trading frequency, low frequency will take less number of trades and will have HIGHER risk rewads (to use lowest frequency 1 ) High freqency it will take more trades and with less profits good for scalpers , it will have low risk and low reward) Frequency requirement can be given between 1 to 5 , 1 is the lowest and 5 is the Highest frequency Sideways Bias: This is an extra filter to reduce the loss in sideways movement, Your sideways bias can be given between 0 to 3 0 if No bias on sideways 3 if biased on sideways Reduce the risk filter: This would try to bok profit quickly and begginers can use this Optional stoploss: you can define your risk in points Trade Quantity:This is quantity you want to trade on particular day, it is used to plot buy or sell quantity on chart (quantity is not taken into consideration in backtest) Trade session: Session for entries can be specified Exit session: session for exit can be specified Custom Bactesting: This is to provide backtesting results of a stock in given range of dates
Strategia Pine Script®
di psrrnath1972
8
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
TrendMaster FreeTrendMaster Free This is the free version of TrendMaster. It includes the Cloud and the candle colouring rules but does not provide the entry, exit and stop loss management of the full version. TrendMaster is a complete trend following system with strict entry, exit and trade management criteria. The indicator is optimised for weekly, daily and 4-hour candlesticks and can be used for all trending markets such as crypto, forex or stocks. It was developed primarily for less experienced traders that struggle to determine relevant information from irrelevant information when viewing a candlestick chart. The indicator was built to solve the problem that all new traders face. The Cloud The indicator includes a moving average cloud which serves as a visual guide to local support and resistance . When price exits the cloud to the upside it typically trends above and finds support at the cloud during retracements. Candle Colours By default, TrendMaster will colour your candles in black and white. White candles indicate an uptrend in an asset and the candles will not change colour until the trend has reversed and a counter-trend signal has been printed. Black candles indicate a downtrend, they will remain black until a counter-trend long signal candle has been printed. Setting Up The Indicator TrendMaster is optimised for Heikin-Ashi candles. Using candles with smoothing applied decreases the likelihood of whipsaw losses and provides a stable visual representation of the trend. Ensure you have applied Heikin-Ashi candles to your chart before continuing. You can customise to any style of your choice provided the candle borders and wicks are set to a uniform colour that contrasts the chart background. Entries and Exits A long signal candle is a white Heikin-Ashi candle that closes above the cloud. A short signal candle is a white Heikin-Ashi candle that closes below the cloud. Entries are taken with a pending order placed at the wick with a reasonable margin for error. Upgrading The full version of TrendMaster contains significantly more functionality including coloured signal candles, stop loss and trailing take profit management, alerts and much more. Our Story Founded in 2018 by IchimokuScholar and C00kie, TrendMaster is a team that produces technical analysis indicators with an emphasis on simplicity and noise reduction. We support a large community with educational content, automated market scanners and mentoring in our private chat rooms. We produce technical analysis indicators geared primarily towards the emerging Cryptocurrency asset class. We provide educational material to assist trader development and host a large online trend following community. All of our products are designed to help traders distinguish relevant information from background noise. Our indicators encourage disciplined trade management to maximise the opportunity captured while minimising losses. IchimokuScholar IchimokuScholar – In 2017 I retired from a career in higher education to focus on Trading. I like to trade long term trends, focusing primarily on continuation setups. I am dedicated to sharing my knowledge of trading and take great pleasure in simplifying technical analysis for newer traders. C00kie I started trading crypto in 2017 and immediately started coding a bunch of tools to improve my quality of life. Some definitely worked out better than others. Like to trade the higher timeframes and drawing horizontal lines on charts. I am also pretty much obligated to like cookies.
Indicatore Pine Script®
di TrendMasterPremium
4
TrendMaster EquilibriumTrendMaster Equilibrium TrendMaster Equilibrium is a composite of MokuMaster and KishokuMaster in one indicator. It is designed to complement our flagship indicator, TrendMaster, allowing the user to examine all three indicators on a single chart. The purpose of TrendMaster Equilibrium is to provide a sentiment filter when assessing possible Trendmaster entries. When all three indicators align, we have equilibrium and can feel confident to take the trade. The indicator is optimised for weekly, daily and 4-hour candlesticks and can be used for all trending markets. MokuMaster MokuMaster is based on Ichimoku and its colours are derived from Ichimoku's depiction of trend conditions. When examining charts for directional bias you can simply check the colour of MokuMaster. Bright Green - Resolutely Bullish Green - Bullish Blue - Neutral Pink - Bearish Red - Resolutely Bearish These categories represent the interactions between Price, the Tenkan-sen, the Kijun-sen, the Kumo and the Chikou Span. This can be overwhelming if you are not an accomplished Ichimoku trader. MokuMaster allows you to view these interactions without the difficulty of interpreting what they mean. KishokuMaster KishokuMaster is a very simple indicator designed to provide an immediate representation of the ‘mood’ of the market. It provides an optimal balance of lag and smoothing to help traders establish a Bullish or Bearish bias. The underlying logic is based on Alan Hull's weighting techniques. KishokuMaster generally gives an early warning of a trend reversal. Confluence When assessing a TrendMaster entry, you can use TrendMaster Equilibrium as a simple checklist as shown in the annotated chart below. By taking entries that satisfy all criteria, you increase your likelihood of a successful outcome. Our Story Founded in 2018 by IchimokuScholar and C00kie, TrendMaster is a team that produces technical analysis indicators with an emphasis on simplicity and noise reduction. We support a large community with educational content, automated market scanners and mentoring in our private chat rooms. We produce technical analysis indicators geared primarily towards the emerging Cryptocurrency asset class. We provide educational material to assist trader development and host a large online trend following community. All of our products are designed to help traders distinguish relevant information from background noise. Our indicators encourage disciplined trade management to maximise the opportunity captured while minimising losses. IchimokuScholar IchimokuScholar – In 2017 I retired from a career in higher education to focus on Trading. I like to trade long term trends, focusing primarily on continuation setups. I am dedicated to sharing my knowledge of trading and take great pleasure in simplifying technical analysis for newer traders. C00kie I started trading crypto in 2017 and immediately started coding a bunch of tools to improve my quality of life. Some definitely worked out better than others. Like to trade the higher timeframes and drawing horizontal lines on charts. I am also pretty much obligated to like cookies.
Indicatore Pine Script®
di TrendMasterPremium
5
Trend Filtered Signals with Confidence LevelThe Trend Filtered Signals with Confidence Level is a powerful technical analysis tool designed for trend-following traders. It provides clear buy and sell signals, enhanced by a unique confidence level indicator, helping traders filter out market noise and focus on higher-probability trades. This indicator is built with advanced trend detection, volatility filtering, and volume confirmation, making it suitable for various markets such as stocks, forex, and cryptocurrencies. Key Features: Precise Trend Detection: The indicator uses the Average Directional Index (ADX) to measure the strength of the trend, only generating signals when the trend is strong enough (above a user-defined threshold). This prevents false signals during sideways markets and ensures the system follows meaningful trends. Buy and Sell Signals: Buy signals are generated when the price crosses above the fast moving average, and the market is in a strong uptrend based on ADX and other filters. Conversely, sell signals are created when the price crosses below the fast moving average in a strong downtrend. These signals appear directly on the chart with visual markers, making them easy to spot in real-time trading. Confidence Level for Signals: Each buy and sell signal is given a confidence percentage, calculated from multiple factors: The strength of the trend (ADX). The price’s relationship to moving averages (fast MA and slow MA). The current trading volume compared to its moving average. The distance between the price and the moving averages, which is checked against the ATR (Average True Range). A higher confidence percentage indicates a stronger, more reliable signal. Traders can choose to act only on signals that meet or exceed their preferred confidence level. ATR-Based Volatility Filtering: To avoid over-trading or receiving signals that are too close together, the ATR (Average True Range) is used as a volatility filter. This ensures that the signals are spaced out, and traders only receive alerts when the price has moved a meaningful distance, considering market volatility. Volume Confirmation: Volume plays a crucial role in signal accuracy. The indicator compares the current volume to its moving average, ensuring that signals are generated only when there is sufficient market participation. This feature helps traders avoid signals during low-volume or illiquid market conditions. Exit Alerts for Trend Reversals: The indicator doesn’t just help you enter trades; it also assists with exits. When the trend shows signs of weakening or reversing (such as price crossing back over the moving average or losing ADX strength), the indicator will issue an exit alert, helping traders lock in profits or minimize losses. How to Use the Indicator: Choosing Timeframes: The Trend Filtered Signals with Confidence Level works on multiple timeframes. For intraday traders, it can be applied on 5-minute or 15-minute charts. Swing traders might prefer the 1-hour or daily timeframe to capture longer-term trends. Adjust the inputs based on the volatility of the asset you're trading and the timeframe. Customizing Inputs: ADX Length: Defines the length for calculating ADX. A typical setting is 14, but this can be adjusted based on how quickly or slowly you want the indicator to react to changes in trend strength. ADX Threshold: Set this value to filter out weak trends. The default is 20, but for stronger trend signals, a threshold of 25 or 30 may be more suitable. ATR Length & Multiplier: Used to calculate the average true range, helping to filter out signals that are too close to each other. The ATR multiplier increases the signal’s precision in volatile markets. Fast and Slow Moving Averages: These moving averages help define the short- and long-term trend. The default fast MA is 9, and the slow MA is 21, but traders can adjust these based on their strategy. Volume MA: Defines the length of the moving average applied to volume. A longer setting may be more appropriate for swing trading, while a shorter setting can work better for day trading. Interpreting the Confidence Percentage: Signals with a confidence level above 50% are generally considered reliable. However, traders can choose to filter trades based on their risk tolerance by only acting on signals above a certain confidence level (e.g., 70% or higher for conservative traders). Use the confidence percentage as a guide to increase the likelihood of entering higher-probability trades. Signal Alerts: The indicator provides customizable alerts for both buy and sell signals. It also generates alerts when it's time to exit a position due to weakening trend conditions. Alerts can be set up through TradingView’s alert system to notify you via mobile, email, or browser pop-up, so you never miss an opportunity. Managing Entries and Exits: Combine the buy and sell signals with the confidence level to time entries more effectively. After entering a position, keep an eye on the exit signals generated by the indicator to manage your trades. For trend-following strategies, stay in the trade as long as the indicator shows a strong trend. When the confidence level drops significantly, or the exit alert triggers, it may be time to close the trade. Inputs Overview: ADX Length: Default 14, for trend strength. ADX Threshold: Default 20, minimum trend strength for signal generation. ATR Length & Multiplier: Adjust for volatility filtering. Fast MA & Slow MA Lengths: Define the short-term and long-term trend. Volume MA Length: Confirm signals with volume strength. Minimum Signal Distance: Prevents excessive signal clustering. Conclusion: The Trend Filtered Signals with Confidence Level indicator by Danytradehit is a comprehensive tool that not only identifies trends and trend reversals but also helps you gauge the reliability of each signal through a confidence percentage. It simplifies decision-making for traders by filtering out weak or low-probability trades, ensuring you only act on the most promising market opportunities. This indicator is highly customizable and works across various timeframes and asset classes.
Indicatore Pine Script®
di Algo_Systems
Trend Lines with Break Signals [UAlgo]🔶 Description: The "Trend Lines with Breaks " indicator is designed to identify and visualize trend lines on a price chart, allowing traders to observe potential trend reversals or continuations. This script implements a method to draw trend lines based on pivot points (highs and lows) within a specified sensitivity range. It also provides an option to display breaks in these trend lines, aiding traders in recognizing significant market movements. 🔶 Key Features: Trend Line Sensitivity Adjustment: Users can adjust the sensitivity of the trend lines using the "Trend Line Sensitivity" parameter, allowing customization based on market conditions and preferences. Visualization of Trend Lines: The indicator visually represents trend lines on the chart, distinguishing between upward and downward trends. Users can customize the appearance of these trend lines, including color, style, and width. Detection of Trend Line Breaks: Trend line breaks are identified by comparing the current price with the slope of the trend line. If the price breaks below (for bullish trend lines) or above (for bearish trend lines) the slope of the trend line, indicating a potential reversal, a "B" label is displayed on the chart. Trend line breaks are only displayed if the "showBreaks" parameter is enabled. Before Bearish Trend Line Break : If the price "Close" value closes above the trend line : Before Bullish Trend Line Break : If the price "Close" value closes below the trend line : 🔶 Disclaimer: Not Financial Advice: This indicator is intended for educational and informational purposes only. It does not constitute financial advice or recommendations to buy, sell, or hold any financial instruments. Use at Own Risk: Trading involves substantial risk of loss and is not suitable for all investors. Users of this indicator should exercise caution and conduct their own research and analysis before making any trading decisions. Performance Not Guaranteed: Past performance is not indicative of future results. While the indicator aims to assist traders in analyzing market trends, there is no guarantee of accuracy or success in trading operations.
Indicatore Pine Script®
di UAlgo
2