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Market Manipulation Index (MMI)The Composite Manipulation Index (CMI) is a structural integrity tool that quantifies how chaotic or orderly current market conditions are, with the aim of detecting potentially manipulated or unstable environments. It blends two distinct mathematical models that assess price behavior in terms of both structural rhythm and predictability. 1. Sine-Fit Deviation Model: This component assumes that ideal, low-manipulation price behavior resembles a smooth oscillation, such as a sine wave. It generates a synthetic sine wave using a user-defined period and compares it to actual price movement over an adaptive window. The error between the real price and this synthetic wave—normalized by price variance—forms the Sine-Based Manipulation Index. A high error indicates deviation from natural rhythm, suggesting structural disorder. 2. Predictability-Based Model: The second component estimates how well current price can be predicted using recent price lags. A two-variable rolling linear regression is computed between the current price and two lagged inputs (close and close ). If the predicted price diverges from the actual price, this error—also normalized by price variance—reflects unpredictability. High prediction error implies a more manipulated or erratic environment. 3. Adaptive Mechanism: Both components are calculated using an adaptive smoothing window based on the Average True Range (ATR). This allows the indicator to respond proportionally to market volatility. During high volatility, the analysis window expands to avoid over-sensitivity; during calm periods, it contracts for better responsiveness. 4. Composite Output: The two normalized metrics are averaged to form the final CMI value, which is then optionally smoothed further. The output is scaled between 0 and 1: 0 indicates a highly structured, orderly market. 1 indicates complete structural breakdown or randomness. Suggested Interpretation: CMI < 0.3: Market is clean and structured. Trend-following or breakout strategies may perform better. CMI > 0.7: Market is structurally unstable. Choppy price action, fakeouts, or manipulative behavior may dominate. CMI 0.3–0.7: Transitional zone. Caution or reduced risk may be warranted. This indicator is designed to serve as a contextual filter, helping traders assess whether current market conditions are conducive to structured strategies, or if discretion and defense are more appropriate.
Indicatore Pine Script®
di Tradenometry
10
15-Minute ORB by @RhinoTradezOverview Hey traders, ready to jump on the morning breakout train? The 15-Minute ORB by @RhinoTradez is your go-to pal for rocking the Opening Range Breakout (ORB) scene, zeroing in on the first 15 minutes of the U.S. market day—9:30 to 9:45 AM Eastern Time. Picture this: sleek orange lines mark the high and low of that opening rush, but they only hang out during regular trading hours (9:30 AM-4:00 PM ET) and reset fresh each day—no old baggage here! Built in Pine Script v6 for that cutting-edge feel, it’s loaded with breakout signals and alerts to keep your trading game strong—ideal for SPY, QQQ, or any ticker you love. Crafted by @RhinoTradez to fuel your daily grind—let’s hit those breakouts running! What It Does The ORB strategy is all about that early market spark: the 9:30-9:45 AM range sets the battlefield, and breakouts signal the charge. Here’s the rundown: Captures the Range : Snags the high and low from the 9:30-9:45 AM ET candle—U.S. market kickoff, locked in. Daily Refresh : Wipes yesterday’s lines at 9:30 AM ET each day—today’s all that matters. Regular Hours Focus : Orange lines shine from 9:45 AM to 4:00 PM ET, vanishing outside those hours. Breakout Signals : Green triangles for upside breaks, red for downside, all within regular hours. Alerts You : Chimes in with “Price broke above 15-min ORB High: 597” (or below the low) when the move hits. It’s your morning breakout blueprint—simple, focused, and trader-ready. Functionality Breakdown: 15-Minute ORB Snap: Locks the high and low of the 9:30-9:45 AM ET candle on a 15-minute chart (EST/EDT auto-adjusted). Resets daily at 9:30 AM ET—yesterday’s range is outta here. Regular Hours Only: Lines glow from 9:45 AM to 4:00 PM ET, keeping pre-market and after-hours clean. Breakout Flags: Marks price busting above the ORB high (green triangle below bar) or below the low (red triangle above), only during 9:30 AM-4:00 PM. Alert Action: Drops a custom alert with the breakout price (e.g., “Price broke below 15-min ORB Low: 594”)—stay in the know, hands-free. Customization Options Keep it chill with one slick tweak: ORB Line Color : Starts at orange—vibrant and trader-cool! Flip it to blue, purple, or any shade you dig in the settings. Make it yours. How to Use It Pop It On: Add it to a 15-minute chart—SPY, QQQ, or your hot pick works like a dream. Time It Right: Set your chart to “America/New_York” time (Chart Settings > Time Zone) to sync with 9:30 AM ET. Choose Your Color: Dive into the indicator settings and pick your ORB line color—orange kicks it off, but you’re in charge. Set Alerts: Right-click the indicator, add an alert with “Any alert() function call,” and catch breakouts live. Ride the Wave: Green triangle? Upward vibe. Red? Downside alert. Mix with volume or candles for extra punch. Pro Tips 15-Minute Only : Tailored for that 9:30-9:45 AM ET candle—other timeframes won’t sync up. Daily Reset : Lines refresh at 9:30 AM ET—always today’s play. Breakout Boost : High volume or RSI can seal the deal on those triangle signals. No Clutter : Lines stick to 9:30 AM-4:00 PM ET—your chart stays tidy. Brought to you by @RhinoTradez in Pine Script v6, this ORB script’s your morning breakout wingman. Slap it on, pick a color, and let’s chase those moves together! Happy trading!
Indicatore Pine Script®
di Rhinotradez
5
Hanzo_Wave_Price %Hanzo_Wave_Price % is a custom indicator for the TradingView platform that combines RSI (Relative Strength Index) and Stochastic RSI while also displaying the percentage price change over a specified period. This indicator helps traders identify overbought and oversold conditions, analyze price waves, and forecast potential market movements. How It Works 1. RSI and Stochastic RSI Calculation RSI is calculated based on the selected price source (default: close) with a user-defined Main Line period. Stochastic RSI is then applied and smoothed using a moving average. The Main Line represents the smoothed Stochastic RSI, serving as a wave indicator to help identify potential entry and exit points. 2. Overbought and Oversold Zones The 70 and 30 levels indicate overbought and oversold zones, displayed as dashed lines on the chart. Additional 20% and 10% levels provide a visual reference for historical price changes, aiding in future predictions. 3. Percentage Price Change Calculation The indicator calculates the percentage price change over a Barsback period (default: 30 candles). Users can choose a multiplier (100 or 1000) for better visualization (1000 scales the values by dividing by 10). The data is displayed as a colored area: Red (Short) → Negative price change. Green (Buy) → Positive price change. Settings & Parameters Multiplier 💪 – Selects the scaling factor (100 or 1000) for percentage values. Main Line ✈️ – Stochastic smoothing period (smoothK). Don't touch ✋ – Reserved value (do not modify). RSI 🔴 – RSI calculation period. Stochastic 🔵 – Stochastic RSI calculation period. Source ⚠️ – Price source for calculations (default: close). Price changes % 🔼🔽 – Enables percentage price change display. Barsback ↩️ – Number of candles used to calculate price change. Visual Representation Gray Line (Takeprofit Line 🎯) – Smoothed Stochastic RSI. Red Dashed Line (70) – Overbought zone. Blue Dashed Line (30) – Oversold zone. Percentage Price Change Display: Green Fill → Price increase. Red Fill → Price decrease. Advantages ✅ Combined Analysis – Uses RSI and Stochastic RSI for more accurate market condition identification. ✅ Flexibility – Customizable parameters allow adaptation for different markets and strategies. ✅ Visual Clarity – Clearly defined zones and dynamic percentage change display. ✅ Additional Market Insights – The percentage price change helps assess market volatility. Disadvantages ⚠ Lagging Signals – Smoothing may cause delayed response. ⚠ False Breakouts – The 70/30 levels may not always work effectively for all assets. ⚠ IMPORTANT! This indicator is for informational and educational purposes only. Past performance does not guarantee future profits! Use it in combination with other technical analysis tools. 🚀 Example 1: Identifying a Long Position 📌 Scenario: The asset price has dropped significantly (1-hour timeframe), and the Main Line (gray line) crosses below the 30 level. This signals oversold conditions, which may indicate a potential reversal or upward correction. ✅ How to Use: 1️⃣ Identifying the Entry Zone: If the Main Line is below 30, consider looking for a long entry point. 2️⃣ Confirming the Signal: Place a vertical line at the moment when the Main Line crosses the 30 level from below. 3️⃣ Confirmation on a Lower Timeframe: Switch to a 30-minute timeframe and wait for the Main Line to cross above the 70 level. Enter a long position at this point. 4️⃣ Analyzing Percentage Price Change: Check the historical indicator behavior: If a similar past movement resulted in a ~10% price increase (green fill), this may indicate potential upward momentum. 5️⃣ Setting Take-Profit: Set a take-profit level at 10%, based on previous price movements. Also, monitor when the Main Line crosses the 70 level, as this may signal a potential profit-taking point. 📊 Conclusion: This method helps to precisely determine entry points by confirming signals across multiple timeframes and analyzing the historical volatility of the asset. 🚀 Example 2: Analyzing Percentage Price Change 📌 Scenario: You have set the Barsback parameter to 30, and the indicator shows +3.5%. This means that over the last 30 candles, the price has increased by 3.5%. However, such small changes might be visually difficult to notice. To improve visibility, you can enable the multiplier (1000), which will scale the displayed percentage change to 35%. This is purely for visual convenience—the actual price movement remains 3.5%. ✅ How to Use: 1️⃣ Identifying Trend Direction: If the percentage change is positive (green area) → Uptrend. If the percentage change is negative (red area) → Downtrend. 2️⃣ Analyzing Movement Strength: Compare the current percentage change with previous waves to evaluate the strength of the movement. For example: If previous waves reached 10% or more, a current wave of 3.5% might indicate a weak trend or a local correction. 3️⃣ Additional Filtering with the Main Line (Gray Line): Use the Main Line to confirm the trend. If the percentage change shows an increase, but the Main Line is still below 30, further upward movement can be expected. If the percentage change indicates a decline, but the Main Line is above 70, there is a higher probability of a downward reversal. "It's unfortunate that TradingView restricts adding images to indicator descriptions unless you have a paid subscription. This makes it harder to share free tools effectively."
Indicatore Pine Script®
di Hanzo_2302
[COG]StochRSI Zenith📊 StochRSI Zenith This indicator combines the traditional Stochastic RSI with enhanced visualization features and multi-timeframe analysis capabilities. It's designed to provide traders with a comprehensive view of market conditions through various technical components. 🔑 Key Features: • Advanced StochRSI Implementation - Customizable RSI and Stochastic calculation periods - Multiple moving average type options (SMA, EMA, SMMA, LWMA) - Adjustable signal line parameters • Visual Enhancement System - Dynamic wave effect visualization - Energy field display for momentum visualization - Customizable color schemes for bullish and bearish signals - Adaptive transparency settings • Multi-Timeframe Analysis - Higher timeframe confirmation - Synchronized market structure analysis - Cross-timeframe signal validation • Divergence Detection - Automated bullish and bearish divergence identification - Customizable lookback period - Clear visual signals for confirmed divergences • Signal Generation Framework - Price action confirmation - SMA-based trend filtering - Multiple confirmation levels for reduced noise - Clear entry signals with customizable display options 📈 Technical Components: 1. Core Oscillator - Base calculation: 13-period RSI (adjustable) - Stochastic calculation: 8-period (adjustable) - Signal lines: 5,3 smoothing (adjustable) 2. Visual Systems - Wave effect with three layers of visualization - Energy field display with dynamic intensity - Reference bands at 20/30/50/70/80 levels 3. Confirmation Mechanisms - SMA trend filter - Higher timeframe alignment - Price action validation - Divergence confirmation ⚙️ Customization Options: • Visual Parameters - Wave effect intensity and speed - Energy field sensitivity - Color schemes for bullish/bearish signals - Signal display preferences • Technical Parameters - All core calculation periods - Moving average types - Divergence detection settings - Signal confirmation criteria • Display Settings - Chart and indicator signal placement - SMA line visualization - Background highlighting options - Label positioning and size 🔍 Technical Implementation: The indicator combines several advanced techniques to generate signals. Here are key components with code examples: 1. Core StochRSI Calculation: // Base RSI calculation rsi = ta.rsi(close, rsi_length) // StochRSI transformation stochRSI = ((ta.highest(rsi, stoch_length) - ta.lowest(rsi, stoch_length)) != 0) ? (100 * (rsi - ta.lowest(rsi, stoch_length))) / (ta.highest(rsi, stoch_length) - ta.lowest(rsi, stoch_length)) : 0 2. Signal Generation System: // Core signal conditions crossover_buy = crossOver(sk, sd, cross_threshold) valid_buy_zone = sk < 30 and sd < 30 price_within_sma_bands = close <= sma_high and close >= sma_low // Enhanced signal generation if crossover_buy and valid_buy_zone and price_within_sma_bands and htf_allows_long if is_bullish_candle long_signal := true else awaiting_bull_confirmation := true 3. Multi-Timeframe Analysis: = request.security(syminfo.tickerid, mtf_period, ) The HTF filter looks at a higher timeframe (default: 4H) to confirm the trend It only allows: Long trades when the higher timeframe is bullish Short trades when the higher timeframe is bearish 📈 Trading Application Guide: 1. Signal Identification • Oversold Opportunities (< 30 level) - Look for bullish crosses of K-line above D-line - Confirm with higher timeframe alignment - Wait for price action confirmation (bullish candle) • Overbought Conditions (> 70 level) - Watch for bearish crosses of K-line below D-line - Verify higher timeframe condition - Confirm with bearish price action 2. Divergence Trading • Bullish Divergence - Price makes lower lows while indicator makes higher lows - Most effective when occurring in oversold territory - Use with support levels for entry timing • Bearish Divergence - Price makes higher highs while indicator shows lower highs - Most reliable in overbought conditions - Combine with resistance levels 3. Wave Effect Analysis • Strong Waves - Multiple wave lines moving in same direction indicate momentum - Wider wave spread suggests increased volatility - Use for trend strength confirmation • Energy Field - Higher intensity in trading zones suggests stronger moves - Use for momentum confirmation - Watch for energy field convergence with price action The energy field is like a heat map that shows momentum strength It gets stronger (more visible) when: Price is in oversold (<30) or overbought (>70) zones The indicator lines are moving apart quickly A strong signal is forming Think of it as a "strength meter" - the more visible the energy field, the stronger the potential move 4. Risk Management Integration • Entry Confirmation - Wait for all signal components to align - Use higher timeframe for trend direction - Confirm with price action and SMA positions • Stop Loss Placement - Consider placing stops beyond recent swing points - Use ATR for dynamic stop calculation - Account for market volatility 5. Position Management • Partial Profit Taking - Consider scaling out at overbought/oversold levels - Use wave effect intensity for exit timing - Monitor energy field for momentum shifts • Trade Duration - Short-term: Use primary signals in trading zones - Swing trades: Focus on divergence signals - Position trades: Utilize higher timeframe signals ⚠️ Important Usage Notes: • Avoid: - Trading against strong trends - Relying solely on single signals - Ignoring higher timeframe context - Over-leveraging based on signals Remember: This tool is designed to assist in analysis but should never be used as the sole decision-maker for trades. Always maintain proper risk management and combine with other forms of analysis.
Indicatore Pine Script®
di CognitiveAlpha
5
Ultimate Market Rhythm Scanner FXReady to feel like a chart-wielding wizard? The Ultimate Market Rhythm Scanner FX is here to supercharge your Forex analysis by piping in multi-timeframe goodness from up to 10 OANDA currency pairs. You’ll see structure breakouts, Ichimoku signals, MACD pulses, RSI/Bollinger momentum waves, and candlestick patterns—all at once. Think of it as your own personal mission control dashboard, scanning the FX galaxy and beaming back color-coded signals so you know instantly where the market action is hottest. Remember, to keep the data aligned, you’ll want to load this indicator on an OANDA FX pair chart (like OANDA:EURUSD) so everything lines up perfectly behind the scenes. Key Features Market Structure Wizardry Locates pivot highs and lows (Higher High, Lower Low, etc.) Spots breakouts above/below these pivots Shouts out “CHoCH” (Change of Character) when structure flips from bullish to bearish (or vice versa) If you want to understnd more about the market structure logic in this script check out my other script, it uses the same logic: Tracks price above/below the Ichimoku Cloud Flags Tenkan/Kijun crosses for bullish or bearish setups MACD & SMI Insights MACD line vs. Signal Cross & crossing the Zero line SMI crosses in overbought/oversold “zones” (because pure oscillator mania is cool) Momentum Radar Mashes up RSI + Bollinger + Ichimoku for either “Bullish,” “Bearish,” or “Neutral” Also checks a separate Daily timeframe for cosmic perspective Candlestick Pattern Goodness Detects common candle formations (Hammer, Hanging Man, Marubozu, etc.) Tells you exactly how many bars ago they flashed their signals Time Fade Magic Recent signals shine bright Older signals fade out like invisible ninjas after a user-defined number of bars Explanation of Settings Below lies the control panel for your new chart-snooping sidekick: Symbol Settings (Symbol 1...Symbol 10) Select multiple FX OANDA pairs (like OANDA:AUDUSD). Each pair spawns a new column in the scanner table. Ensure your chart is also set to an OANDA pair—the script only speaks “OANDA.” Ichimoku Settings Use Ichimoku Filter: Toggles everything Ichimoku. conversionPeriods, basePeriods, laggingSpan2Periods, displacement: The classic Ichimoku parameters to mold your cloud magic. Pivot Logic Pivot Source: Wicks vs. Closes for pivot detection. BOS Confirmation: If you prefer breakouts confirmed by wicks or closes. Left Swing Length: Bars left for pivots. Right Swing Length High / Low: Bars right for pivot confirmation. Invert Right Swing in Bearish Trend: Auto-flip logic when gloom takes over. This means right swing size high value will become right swing size low value in a bearish trend (determined by latest CHoCH). RSI & Bollinger RSI Period: The heartbeat of RSI. RSI Overbought / Oversold: Thresholds for RSI mania. BB Length / StdDev: The Bollinger band radius for measuring price expansions. MACD fastLength, slowLength, signalLength: The trifecta that shapes your MACD wave. SMI Settings Nested variables for SMI’s K, D, and EMA lengths. Overbought and Oversold levels for zone detection. Time Display Settings Fade out old signals: Turn the fade effect on/off. Fade After X Bars: The number of bars after which signals do a ghost trick. Fade Transparency: How ghostly (0–100) those old signals become. Table Settings Show Table: Summon or banish the entire scanner table. Table Position: Choose the quadrant for your new data-loving sidekick. Table Text Size: Big or small text for those crucial signals. Table Layout With “Show Table” on, a futuristic readout appears, listing: Columns: Each symbol’s name runs across the top (up to 10). Rows: A row for each technical aspect, such as: Last Pivot (pivot) – The most recent pivot type (HH, HL, LH, LL) and how many bars ago. Last CHoCH – Crows “▲/▼ X bars ago” if structure reversed. Ichi Cloud (ichi) – Tells you if price soared above or dived below the Cloud. Multi Mom D (momentum_d) – A daily momentum label (Bullish/Bearish/Neutral). It shows you daily momentum even on times frames lower than the daily. Multi Mom D is not reliable if the chart is on a time frame higher than the daily. Multi Mom (momentum) – Current timeframe momentum label. SMI ZONE (smizone) – If SMI’s in a bullish or bearish zone. MACD 0 LINE (macdzero) – Number of bars since crossing zero. SMI CROSS (smicross) – A bullish or bearish cross in overbought/oversold territory. TK Cross (tk) – Tenkan/Kijun cross and how many bars ago. MACD Cross (macd) – MACD crossing above/below its signal line. Last Pattern (lastpat) – The candle pattern found and bars since it popped. Pattern (pattype) – The name of that pattern (Hammer, Hanging Man, etc.). Each cell can be tinted in a blue-ish glow for bullish vibes, or a purple shade for bearish signals. The “bars ago” text helps you see how fresh the signal is—fewer bars = more relevant. Usage Notes OANDA Chart is King Always apply this indicator on an OANDA-based chart (e.g., OANDA:GBPJPY). If you deviate, the script might not retrieve data properly from the OANDA feed. Symbol List For each of the symbols inputs, pick your favorite currency crosses (all from the OANDA universe). Timeframes The script runs on your current chart’s timeframe for near-term action. It simultaneously checks the daily timeframe to measure high-level momentum. Fade-Out Feature By default, signals older than 5 bars fade out. Adjust in “Time Display Settings” if you want them to linger. Confluence is King If a pivot breakout, bullish Ichimoku cross, and an SMI overbought cross all light up at once, you might have a short-term rocket on your hands. Always confirm with your trading plan! Summary Embrace your inner data nerd with the Market Rhythm Scanner FX—the ultimate multi-asset intelligence platform for OANDA Forex pairs. From subtle pivot changes to daily momentum shifts, from candle patterns to MACD fireworks, it’s all consolidated into one easy-to-digest control panel. Step 1: Load up an OANDA chart (like “OANDA:EURUSD”). Step 2: Enter your chosen OANDA pairs under “Symbol Settings.” Step 3: Geek out over the instant real-time multi-indicator table, letting you see which instruments are sizzling or fizzling. No more frantic tab-hopping. Save your mental bandwidth for the big decisions. Let the Ultimate Market Rhythm Scanner FX be your ever-watchful sidekick, scanning the charts so you can conquer the Forex battlefield like the tech-savvy champion you are! This script is free to use at present, but I reserve the right to move it behind a paywall in the future.
Indicatore Pine Script®
di donniedarko123
QT RSI [ W.ARITAS ]The QT RSI is an innovative technical analysis indicator designed to enhance precision in market trend identification and decision-making. Developed using advanced concepts in quantum mechanics, machine learning (LSTM), and signal processing, this indicator provides actionable insights for traders across multiple asset classes, including stocks, crypto, and forex. Key Features: Dynamic Color Gradient: Visualizes market conditions for intuitive interpretation: Green: Strong buy signal indicating bullish momentum. Blue: Neutral or observation zone, suggesting caution or lack of a clear trend. Red: Strong sell signal indicating bearish momentum. Quantum-Enhanced RSI: Integrates adaptive energy levels, dynamic smoothing, and quantum oscillators for precise trend detection. Hybrid Machine Learning Model: Combines LSTM neural networks and wavelet transforms for accurate prediction and signal refinement. Customizable Settings: Includes advanced parameters for dynamic thresholds, sensitivity adjustment, and noise reduction using Kalman and Jurik filters. How to Use: Interpret the Color Gradient: Green Zone: Indicates bullish conditions and potential buy opportunities. Look for upward momentum in the RSI plot. Blue Zone: Represents a neutral or consolidation phase. Monitor the market for trend confirmation. Red Zone: Indicates bearish conditions and potential sell opportunities. Look for downward momentum in the RSI plot. Follow Overbought/Oversold Boundaries: Use the upper and lower RSI boundaries to identify overbought and oversold conditions. Leverage Advanced Filtering: The smoothed signals and quantum oscillator provide a robust framework for filtering false signals, making it suitable for volatile markets. Application: Ideal for traders and analysts seeking high-precision tools for: Identifying entry and exit points. Detecting market reversals and momentum shifts. Enhancing algorithmic trading strategies with cutting-edge analytics.
Indicatore Pine Script®
di insidermike
15
Fourier Smoothed Volume Zone Oscillator ( FSVZO )Overview 🔎 The fourier smoothed Volume Zone Oscillator (FSVZO) is a versatile tool designed to provide traders with a detailed understanding of market conditions by examining volume dynamics. FSVZO applies a series of advanced regularization techniques aimed at trying to reduce market noise, making signals potentially more readable and actionable. This indicator combines traditional technical analysis tools with a unique set of smoothing functions, aimed at creating a more balanced and reliable oscillator that can assist traders in their decision-making process. A Combination of Technical Elements for a Unique Edge 🔀 FSVZO integrates a variety of technical elements to offer a comprehensive perspective on the market. These elements can be used individually or in combination, depending on user preferences. Here are the main components: Volume Zone Oscillator (VZO): This foundational element leverages volume data to identify trends and shifts in buying or selling pressure. Unlike a standalone VZO, the FSVZO incorporates a Fourier-based regularization technique to reduce false signals, allowing traders to focus on meaningful volume-driven movements. Ehler's White Noise Filter: This component is a sophisticated filter that helps distinguish genuine market signals from white noise. By isolating the meaningful movements in price and volume, the white noise filter contributes to the clarity and reliability of the signals generated. Divergences Detection: FSVZO also provides divergence signals (both hidden and regular) based on the oscillator and price action. Divergences can be used to anticipate possible market reversals or confirmations, enhancing the trader's ability to recognize significant market shifts. Money Flow Index (MFI) Smoothing: The MFI is calculated and then smoothed using wavelet and whitenoise techniques, providing a cleaner view of money flow within the market. This helps reduce erratic fluctuations and focuses on more consistent trends. Trendshift Visualization: The FSVZO features an optional trendshift indicator, highlighting shifts between bullish and bearish conditions. These visual cues make it easier to identify trend reversals, aiding traders in timely decision-making. Flexible Display Options 📊 FSVZO offers a variety of display modes to cater to different trading styles and visual preferences: Neon Style Plot: The oscillator is presented with neon-style plots primarily for aesthetic purposes. Color Blindness Modes 🌈: FSVZO includes several color palettes to accommodate traders affected by different types of color blindness (Protanopia, Deuteranopia, Tritanopia, Achromatopsia). These options ensure that everyone can easily interpret the signals, regardless of visual impairments. Take Profit Areas & Alerts: The indicator can display take profit areas based on overbought or oversold conditions of the smoothed oscillator, marked by background hues to provide a clear visual signal. Alerts for high and low thresholds can also be enabled to identify moments of increased buying or selling interest. Divergences and Trend Analysis 🔍 FSVZO also aims to identify bullish and bearish divergences: Regular Bullish/Bearish Divergence: These occur when the oscillator diverges from the price action, indicating a possible reversal. Hidden Bullish/Bearish Divergence: These occur within a trend, signaling continuation opportunities that help traders capitalize on ongoing trends. FSVZO also supports additional filtering for divergences, allowing users to refine the detection of divergences to better suit their trading preferences. Enhanced Noise Filtering 🔄 One of the unique features of FSVZO is its Fourier Regularization and Ehler's White Noise Filter, which help improve signal reliability by reducing the impact of market noise. These filtering methods are beneficial for traders seeking to avoid whipsaws and focus on more meaningful market movements. Why FSVZO Stands Out 🔑 Noise Reduction: By combining multiple filtering techniques, FSVZO is designed to react to price changes as quickly as possible while offering various smoothing options to reduce noise, which may make it less responsive but more stable. Flexible Visualization: The option to use different display modes and the inclusion of color blindness-friendly palettes make FSVZO versatile and accessible to all traders. Detailed Divergence Analysis: The integration of both regular and hidden divergence detection helps improve the potential for identifying trading opportunities. Advanced Regularization Techniques: The use of Fourier transformation and white noise filters adds a unique aspect to volume analysis, differentiating FSVZO from other traditional volume oscillators. Conclusion 🔒 The Regularized Volume Zone Oscillator (FSVZO) is a unique tool that brings together multiple advanced techniques to help traders better understand market conditions and volume dynamics. The indicator is designed to react to price changes as quickly as possible, which may lead to false signals; however, it also offers smoothing options to help reduce noise at the cost of reduced reaction speed. This balance between responsiveness and stability provides traders with flexibility in adapting the indicator to different market conditions. However, as with all indicators, it is crucial to combine FSVZO with other tools and maintain sound risk management practices. FSVZO is primarily designed for more experienced traders due the number of different signals it provides. It offers enhanced insights into volume trends and market movement, and should be used alongside other indicators to reduce risk and false signals
Indicatore Pine Script®
di BullVisionCapital
2
Optimized Future Time CyclesThis script is based on time cycles and visually displays the cyclical fluctuations of the past and future, helping to predict trend reversal points and market turning points. Below, I will explain the main functions of this indicator and how to interpret it. 1. Main Features of the Indicator Time Cycle Settings: Users can set different time cycles (e.g., 9 days, 17 days, 26 days), and each cycle is visually distinguished by colors and labels. A specific date is set as the reference date, from which the cycles are calculated. The cycles appear as vertical lines on the chart, both in the past and future, allowing you to spot trend reversals. Future and Past Cycles: Future cycles help predict when trend changes will occur in the future. Based on the set cycles, you can anticipate turning points in market trends. Past cycles allow you to examine historical cycles, providing insights into past market movements, which can serve as a basis for predicting future patterns. This helps identify similar patterns from the past that might repeat. 2. How to Use and Interpret the Indicator Reference Date Setting: The reference date is a crucial factor in this indicator. For example, if you set the reference date as an important market turning point in the past, you can obtain a more accurate analysis. If the reference date is too recent, multiple cycles may overlap on the chart, but this is a normal phenomenon. In this case, it is recommended to set the reference date further back in time for a clearer chart. Cycle Analysis: Each cycle represents cyclical market volatility. Shorter cycles like 9-day, 17-day, and 26-day cycles represent different timeframes' volatility. When multiple cycles overlap, this could indicate a significant trend reversal. Pay attention to points where cycles overlap, as these could signal stronger trend changes. Importance of Future Cycles: It’s especially important to pay attention to future cycles as they provide insights into potential trend reversals. Future cycles can indicate likely points of trend reversal, helping you prepare in advance. 3. Additional Considerations Vertical Line and Label Spacing: Since multiple cycles are displayed on the chart simultaneously, you can customize the spacing of the vertical lines and labels. If the chart becomes too crowded, you can adjust the line style (solid, dotted, etc.) to reduce visual clutter. Short-Term vs. Long-Term Cycles: Short-term cycles (e.g., 9-day cycles) are useful for predicting short-term volatility, while long-term cycles (e.g., 200-day cycles) help predict larger trend changes. You can combine short and long cycles for deeper analysis. 4. Recommended Combination: With Moving Average Wave Indicator This time cycle indicator works well in combination with the Moving Average Wave Indicator. While the time cycle indicator identifies timing for trend changes, the Moving Average Wave Indicator visually shows the direction of the trend. When used together, they offer precise entry and exit points for trades. Time Cycles indicate when a trend change might occur, and Moving Average Waves show the direction of that trend at those specific points. Combining both helps you identify strong buy/sell signals. 5. Conclusion This indicator uses time cycles to help you predict past and future market volatility. The reference date plays a critical role, and when multiple cycles overlap, you can expect strong trend reversals. Focusing on future cycles and combining this with the Moving Average Wave Indicator allows you to grasp both the timing and direction of trend changes, making this a powerful tool for market analysis. "It is recommended to combine it with the Ichimoku Wave Oscillator with Custom MA indicator." 이 스크립트는 **시간 주기(Time Cycle)**에 기반한 지표로, 과거 및 미래의 주기적 변동을 시각적으로 보여주어 추세 변화의 시점과 시장 변곡점을 예측하는 데 도움을 줍니다. 이 지표의 주요 기능과 해석 방법을 중심으로 자세히 설명드리겠습니다. 1. 지표의 주요 기능 시간 주기 설정: 각기 다른 시간 주기(9일, 17일, 26일 등)를 사용자가 설정할 수 있으며, 각 주기는 색상과 레이블로 시각적으로 구분됩니다. 특정 날짜를 **기준 날짜(reference date)**로 설정하여 그 날짜부터 주기들이 계산됩니다. 기준 날짜를 기반으로 과거와 미래의 주기가 차트에 수직선과 함께 나타나며, 이를 통해 추세의 변곡점을 확인할 수 있습니다. 미래 주기 및 과거 주기: 미래 주기는 미래의 추세 변화 시점을 예측하는 데 도움이 됩니다. 각 주기가 설정된 기준에 따라 추세 변곡점이 언제 도래할지 미리 알 수 있습니다. 과거 주기는 과거 시장에서의 주기적 변동을 확인하여, 앞으로의 시장 움직임을 예측하는 데 참고할 수 있습니다. 이를 통해 과거와 유사한 패턴을 포착할 수 있습니다. 2. 지표 사용 및 해석 방법 기준 날짜 설정: 이 지표의 기준 날짜는 매우 중요한 요소입니다. 예를 들어, 시장에서 중요한 변동이 있었던 날짜를 기준으로 설정하면 더 정확한 분석이 가능합니다. 기준 날짜가 너무 최근일 경우, 여러 주기들이 차트 상에서 겹칠 수 있는데 이는 정상적인 현상입니다. 이 경우, 기준 날짜를 더 과거로 설정하면 차트가 좀 더 깔끔하게 보일 수 있습니다. 주기 분석: 각 주기는 시장 변동성의 주기적 패턴을 나타냅니다. 9일, 17일, 26일 등의 주기는 각기 다른 시간대의 변동성을 나타내며, 주기가 겹칠 때 추세 전환 시점이 강하게 나타날 수 있습니다. 주기가 겹치는 시점에서 변동이 강해질 가능성이 있으며, 이때는 추세 변화에 주목할 필요가 있습니다. 미래 주기의 중요성: 특히 미래 주기를 확인하는 것이 중요한데, 미래에 어떤 시점에서 변곡점이 나타날지 예측하는 데 사용할 수 있기 때문입니다. 미래 주기는 추세 전환 가능성이 높은 시점을 알려줄 수 있으므로, 미리 준비하고 대응할 수 있게 도와줍니다. 3. 추가적으로 고려할 사항 수직선과 레이블 간격: 여러 주기들이 한꺼번에 차트에 표시되기 때문에, 수직선이나 레이블 간의 간격을 커스터마이징할 수 있습니다. 특히, 차트가 혼잡할 경우 선 스타일(실선, 점선 등)을 조정하여 시각적으로 덜 복잡하게 설정할 수 있습니다. 단기 vs. 장기 주기: **단기 주기(예: 9일)**는 빠른 변동성을 예측하는 데 유리하며, **장기 주기(예: 200일)**는 더 큰 추세 변화를 예측하는 데 도움이 됩니다. 두 주기 간의 상호작용을 고려하여 분석의 깊이를 더할 수 있습니다. 4. 결합 사용 추천: 이평선 파동 지표와 함께 이 시간 주기 지표는 이평선 파동 지표와 결합하여 사용할 때 추세의 방향성과 변곡점을 동시에 분석하는 데 매우 유용합니다. 시간 주기는 추세 변곡점의 시점을 알려주고, 이평선 파동은 그 시점에서의 추세 방향성을 시각적으로 나타내므로, 두 지표를 함께 사용하면 정확한 매매 타이밍을 잡는 데 큰 도움이 됩니다. 5. 결론 이 지표는 **시간 주기(Time Cycle)**를 활용하여 과거 및 미래의 시장 변동성을 예측할 수 있도록 도와줍니다. 특히, 기준 날짜 설정이 매우 중요하며, 여러 주기가 겹치는 시점에서는 강한 추세 전환을 예상할 수 있습니다. 미래 주기를 중점적으로 분석하고, 이평선 파동 지표와 결합하여 사용하면 추세 변화의 방향성과 시점을 동시에 잡아낼 수 있어 매우 유용합니다. "Ichimoku Wave Oscillator with Custom MA 지표와 결합해서 사용하면 좋습니다."
Indicatore Pine Script®
di KOGOGI
4
Gartley Harmonic Pattern [TradingFinder] Harmonic Chart patterns🔵 Introduction Research by H.M. Gartley and Scott Carney emphasizes the importance of harmonic patterns in technical analysis for predicting market movements. Gartley's work, particularly the Gartley 222 pattern, is detailed in his book "Profits in the Stock Market" and relies on the specific placement of points X, A, B, C, and D. 🟣 Defining the Gartley Pattern The Gartley pattern is a powerful technical analysis tool often seen at the end of a trend, signaling a potential reversal. Ideally, it forms during the first and second waves of Elliott Wave theory, with wave XA representing wave 1 and the entire ABCD correction representing wave 2. While patterns outside this structure are also valid, the key points of the Gartley pattern align closely with Fibonacci retracement levels. Specifically, point B corrects wave XA to the 61.8% level, point C lies between 38% and 79% of wave AB, and point D extends between 113% and 162% of wave BC. The bullish Gartley pattern, shown below, forms at the end of a downtrend and signals a potential buying opportunity. Bullish : Bearish : 🔵 How to Use 🟣 Bullish Gartley Pattern To spot a bullish Gartley pattern, follow these rules: the move from point X to point A (the first leg) must be upward. The subsequent move from point A to point B is downward, followed by an upward move from point B to point C. Finally, the move from point C to point D is downward. On a chart, this pattern resembles the letter M. After the final leg of this pattern, prices are expected to rise from point D. 🟣 Bearish Gartley Pattern A bearish Gartley pattern forms similarly to the bullish one but in reverse. The initial move from point X to point A should be downward. The next move from point A to point B is upward, followed by a downward move from point B to point C. The final leg moves upward from point C to point D. This pattern appears as a W on charts, indicating that prices are likely to fall from point D after the final move. By understanding and identifying Gartley patterns, traders can enhance their technical analysis and improve their decision-making in financial markets. These patterns, when correctly identified, offer significant insights into potential market reversals and continuation patterns. 🔵 Setting 🟣 Logical Setting ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition. Show Valid Format : If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk. Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period. 🟣 Genaral Setting Show : Enter "On" to display the template and "Off" to not display the template. Color : Enter the desired color to draw the pattern in this parameter. LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness. LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries. 🟣 Alert Setting Alert : On / Off Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar". Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
Indicatore Pine Script®
di TFlab
4
Fourier Adjusted Volume Zone Oscillator [BackQuant]Fourier Adjusted Volume Zone Oscillator Welcome to BackQuant's FSVZO, Primarily we decided to combine the Fourier analysis to a leading indicator concept. Since in concept it can be beneficial. We also decided to add in the momentum velocity indicator as a point of confluence. Which will be discussed later in how it can be used in a trading system. For now onto the boring stuff, please read all of this and enjoy! Fourier ? What and Why: Fourier transforms are a mathematical technique used for transforming signals between time and frequency domains. In the context of financial markets, this allows analysts to deconstruct price movements into constituent sinusoidal waves. By isolating these waves, traders can identify the dominant market cycles and trends hidden within the 'noise' of short-term price fluctuations. Empirical Evidence and Benefits: Cycle Identification: Empirical studies have shown that markets exhibit cyclical behaviors due to various economic, geopolitical, and psychological factors. Fourier filtering helps in pinpointing these cycles, even in seemingly random market movements. Trend Detection: By highlighting dominant frequencies, traders can more accurately determine the prevailing trend direction, aiding in trend-following or contrarian strategies. Volatility Clarity: Filtering out noise enhances the visibility of true market volatility, crucial for risk management and strategy adjustment. Why the Volume Zone Oscillator (VZO) and Origins + Advantages: The VZO was developed by Walid Khalil and David Steckler and introduced in the "Stocks & Commodities" magazine in 2009. It integrates volume with price movements to gauge the flow of buying and selling pressure. Unlike traditional volume indicators that solely quantify trading volume, the VZO interprets volume's impact on price direction, offering insights into the strength or weakness of a price trend. Empirical Evidence and Benefits: Market Sentiment: Volume is a key indicator of market sentiment. High volume accompanying price movements indicates strong sentiment, whereas low volume suggests a lack of conviction. The VZO makes this analysis quantifiable. Overbought/Oversold Conditions: By quantifying where the current volume-weighted price is within its range, the VZO helps identify potential reversals, providing actionable signals for entering or exiting trades. Trend Confirmation: The VZO's ability to confirm price trends with volume adds an extra layer of validation to trading signals, reducing the likelihood of false breakouts or breakdowns. Why we Decided to Combine Them The integration of Fourier filtering with the VZO offers a comprehensive view of the market by combining the geometric clarity of price movements with the psychological insights provided by volume analysis. This synergy allows for a more nuanced understanding of market dynamics. Enhanced Signal Accuracy: The combination reduces the chances of false signals. Fourier filtering's trend and cycle identification, combined with the VZO's volume-based confirmation, can significantly enhance trading decision accuracy. Market Turns and Continuations: Fourier analysis can indicate potential turning points or continuation patterns, which, when confirmed with volume analysis through the VZO, provides a robust signal for traders to act upon. Adaptability: Both tools adapt well to various market conditions, making this combination versatile across different trading instruments and timeframes. Empirical Evidence: While specific empirical studies directly analyzing the combined effectiveness of Fourier filtering and VZO might be scarce, the foundational research supporting each method individually provides strong evidence of their validity. Academic and practical applications in financial markets have demonstrated the value of both Fourier analysis for cycle detection and volume-based oscillators like the VZO for assessing market strength and sentiment. Together, they offer a compelling toolkit for traders aiming to refine their market analysis and strategy execution. USER INPUTS Momentum Velocity Group Show Confluence Momentum Velocity?: This toggle allows users to decide whether they want to display the momentum velocity indicator on their chart. It's designed to show the momentum of price movements, potentially indicating acceleration or deceleration in price trends. Calculation Source: This setting lets users select the price data used for calculating the momentum velocity. Common options include the close, open, high, low, or an average of these prices. The choice depends on what aspect of price action the trader wishes to analyze. Lookback Period: Determines the number of bars used to calculate the momentum. A longer period may smooth out the indicator, reducing sensitivity to recent price changes, while a shorter period may make the indicator more responsive to new information. Use Adaptive Filtering?: Enables the use of adaptive filtering for the momentum calculation. This feature adjusts the indicator's sensitivity based on recent market volatility, potentially improving the indicator's responsiveness to market changes. Adaptive Lookback Period: Specifies the period for the adaptive filter. This setting fine-tunes how rapidly the filter adjusts to changes in market conditions. FSVZO Group Show FSVZO?: This input controls whether the Fourier Smoothed Volume Zone Oscillator is displayed on the chart. It's the main feature of the script, combining Fourier analysis with volume data to provide insights into market dynamics. Calculation Source for FSVZO: Similar to the momentum velocity calculation source, this setting allows users to choose the price data (close, open, high, low, or an average) that will be used for FSVZO calculations. Calculation Period: Defines the length of the window for Fourier analysis and VZO calculation. This period can affect the sensitivity and smoothing of the indicator. Show FSVZO Band Filler? (Ribbon): When enabled, this feature displays a filled area or ribbon on the chart, making it easier to visualize the oscillator's movement and trends. Show FSVZO Moving Average (Ema)?: This toggle allows the display of an Exponential Moving Average (EMA) of the FSVZO, which can help smooth out its movements and provide a clearer trend direction. MA Period: Specifies the length of the moving average applied to the FSVZO. Adjusting this period can affect the smoothness and lag of the trend indication. Smooth VZO (Reduces noise, but increases its accuracy): Enables smoothing of the Volume Zone Oscillator to reduce noise and potentially increase the accuracy of its signals. Smooth Period: Defines the smoothing period for the VZO, affecting how much noise reduction is applied. UI Settings Group Show Static Overbought and Oversold Levels?: Enables the display of predetermined levels that indicate overbought or oversold conditions, helping traders identify potential reversal points. Show Adaptive Levels?: Allows the use of dynamic, market-condition-adjusted levels for overbought and oversold indicators, offering a more nuanced view of market extremes. Show Detected Trend Shifts?: This setting controls the display of markers or indications when the script detects potential shifts in market trends, based on the oscillator's movements. Trendshift Shader?: When enabled, this feature visually highlights areas on the chart where trend shifts are detected, improving the visibility of these important signals. DIVERGENCES Group Show Detected Divergences?: This option toggles the display of divergences between price action and the oscillator, which can signal potential reversals. Use extra filtering when detecting divergences?: Enables additional criteria for identifying divergences, potentially improving the reliability of these signals. Paint bars when Divergences are detected?: This feature changes the color of price bars when divergences are identified, making them stand out on the chart. How to calculate divergences: Allows users to choose the method for calculating divergences, affecting the sensitivity and types of divergences that are identified. Only calculate divergences on values absolutely greater than this: Sets a threshold for divergence calculation, focusing on more significant divergences and reducing noise. Each input is designed to offer flexibility and control to the user, enabling a highly customizable experience tailored to individual trading strategies and market conditions. How Can it Be Used in a Trading System There are a few key ways it can be used, the main way is going to be the trend of the band/ ribbon. As that denotes the primary trend. Thus, if it were to trend up and reach the static overbought zone, there is a high probability of a reversion. This will also work well when it is in an extreme zone and there is a divergence. Other ways of using it, it taking profit when there is an extreme background hue. Or potentially starting to get ready to buy on a higher timeframe if there is a extreme oversold background hue. For more clear trends out of the FSVZO you may choose to use the moving average crossing the midline in confluence with the momentum velocity. Please use with caution, nothing BackQuant or associated entities do are financial advice. please do not use this or any other indicator alone, they are not meant to be used in isolation. Thus following all of the key points here are some sample backtests on the 1D Chart Disclaimer: Backtests are based off past results, and are not indicative of the future. This is using the Midline Crossover of the FSVZO: INDEX:BTCUSD INDEX:ETHUSD BINANCE:SOLUSD
Indicatore Pine Script®
di BackQuant
TASC 2024.04 The Ultimate Smoother█ OVERVIEW This script presents an implementation of the digital smoothing filter introduced by John Ehlers in his article "The Ultimate Smoother" from the April 2024 edition of TASC's Traders' Tips . █ CONCEPTS The UltimateSmoother preserves low-frequency swings in the input time series while attenuating high-frequency variations and noise. The defining input parameter of the UltimateSmoother is the critical period , which represents the minimum wavelength (highest frequency) in the filter's pass band. In other words, the filter attenuates or removes the amplitudes of oscillations at shorter periods than the critical period. According to Ehlers, one primary advantage of the UltimateSmoother is that it maintains zero lag in its pass band and minimal lag in its transition band, distinguishing it from other conventional digital filters (e.g., moving averages ). One can apply this smoother to various input data series, including other indicators. █ CALCULATIONS Ehlers derived the UltimateSmoother using inspiration from the design principles he learned from his experience with analog filters , as described in the original publication. On a technical level, the UltimateSmoother's unique response involves subtracting a high-pass response from an all-pass response . At very low frequencies (lengthy periods), where the high-pass filter response has virtually no amplitude, the subtraction yields a frequency and phase response practically equivalent to the input data. At other frequencies, the subtraction achieves filtration through cancellation due to the close similarities in response between the high-pass filter and the input data.
Indicatore Pine Script®
di PineCodersTASC
6
Rocket RSI from John EhlersWhat is Rocket RSI Welles Wilder's original description of the relative strength index (RSI) in his 1978 New Concepts In Technical Trading Systems specified a calculation period of 14 days. This requirement led him on a 40-year quest to find the right length of data for calculating indicators and trading strategy rules. Many technicians touched on RSI and explained its applications. In this study we will obtain a more flexible and easier to interpret formulation (of the indicator). We will also estimate the algorithm to properly handle a statistical approach to technical analysis. Start with RSI Here is the original definition of the RSI indicator: RSI = 100 - 100 / (1 + RS) RS = Average gain from downtime over the specified time period / Average loss from downtime over the specified time period My first observation is that the factor of 100 is insignificant. Second, there is no need for averages because we take the ratio of closes (CU) to closes (CD) and if we accumulate the wins and losses independently, the averages emerge. Therefore We will only accumulate CU and CD. He can then write the RSI equation as: RSI = 1 – 1 / (1 + CU / CD) If he use a little algebra to put everything on a common denominator on the right side of the equation, the indicator equation becomes: RSI = CU / (CU + CD) In this formulation, if CU accumulation is zero, the RSI value is zero, and if CD accumulation is zero, the RSI value is 1. If you reduce the price action to its primitive level as a sine wave, it is easy to see that this RSI only has CU going from valley to peak and only CD going from peak to valley. This RSI follows the shape of the sine wave between these two limits. However, the sine wave oscillates between -1 and +1, not between 0 and +1. If we multiply the above equation by 2 and then subtract 1, we can make the RSI have the same swing limits as the sine wave. the product is as follows: RSI = 2*CU / (CU + CD) – 1 Again, using a little algebra to put the right-hand side of the equation on a common denominator, the equation develops like this: MyRSI = (CU – CD) / (CU + CD) Again, the vertical scale of the RocketRSI indicator is in standard deviations. For example, -2 means it is two standard deviations below the mean. Since exceeding two standard deviations in the Gaussian probability distribution occurs in only 2.4% of the results Because we are using the momentum of the dominant cycle period, the spike where the indicator falls below -2 provides a surgically precise timing signal to enter a long position. Similarly, exceeding the +2 standard deviation level is a timing signal to exit a long position or return to a short position. Therefore using the RocketRSI indicator is relatively intuitive. The only concern is whether a dominant cycle is present in the data, setting the indicator to half the dominant cycle period, and whether smoothing causes lag. DETERMINING CYCLICAL TURNING POINTS When you insert the chart you see an example of what the RocketRSI indicator looks like. Here you see that RocketRSI precisely displays cyclical turning points as statistical events. Cator can be applied. I used RS Length 10 because according to Ehlers, stocks and stock indexes usually have a more or less monthly cycle (about 20 bars). A cursory examination of Figure 2 shows that negative increases in the indicator correspond to excellent buying opportunities, while positive increases correspond to excellent selling opportunities. Exceeding +/- 2 on the indicator scale indicates that a cyclical reversal is a high probability event.
Indicatore Pine Script®
di nFinans
Frankie Candles Essentials [LuxAlgo]The Frankie Candles Essentials toolkit is a collection of essential features used by trader Frankie Candles. This toolkit focuses on the relationship between MTF oscillator divergences and volume profiles, allowing the detection of different kinds of reversals. Retracements from the "Golden Pocket" features are also included. 🔶 USAGE When adding the script to your chart you will be prompted to select the calculation interval of the "Top-Down Volume Profile", simply click on your chart where you want the starting and ending points of the calculation interval. 🔹 Top-Down Volume Profile The Top-Down Volume Profile is a classical fixed-range volume profile and highlights the amount of traded volume within equidistant price areas. The amount of areas is determined by the "Rows" setting (Note that the volume profile can use up to 250 rows). The value area (VA) highlights the area where the specified percentage of the total volume is traded, that is the area with the most recorded trading activity relative to a selected percentage. Finally, the point of control (POC) highlights the price level with the most trading activity. 🔹 Divergences Users can highlight divergences made by oscillators on their charts. The toolkit includes three indicators such as RSI, MFI, and WaveTrend with MTF support, users can also select external oscillators but these will not support MTF divergence detection. Once the Top-Down Volume Profile is set historical divergences will be affected by its value area (VA), with bearish divergences located above the upper VA or bullish divergences located under the lower VA being highlighted with a sauce can, a signature display stel of Frankie Candles. Users can also filter out divergences based on the point of control (POC) using the "Filter According To POC" setting, with bearish divergences located below the POC or bullish divergences located above it being filtered out. Do note that divergences are detected N bars after their occurrence, where N is the divergence lookback setting 🔹 Golden Pockets The script includes an MTF Golden Pockets feature displaying Fibonacci retracements on the user chart, these can be used to identify optimal trade entries (OTE) or serve as support/resistance levels. Golden Pockets are based on maximum/minimum prices in a window determined by the "Golden Pocket Lookback" setting, using longer-term lookbacks will return longer-term divergences, this will also be the case when using HTF golden pockets. 🔶 SETTINGS 🔹 Candle Coloring Candle Coloring: Determine the candle coloring method used by the indicator. "Simple" will color the candles based on the candle body, while "Golden Pocket" will color candles using a gradient based on the golden pocket rolling maximum/minimum. 🔹 Top-Down Volume Profile Top-Down Volume Profile: Enable Top-Down Volume Profile. Rows: Amount of rows used by the Top-Down Volume Profile. Width (%): Controls the histogram bar width as a percentage of the calculation window specified by the user set anchors. Value Area (%): Area where the specified percentage of total volume is traded. Extend To The Right: Extends the calculation window from the first anchor to the most recent bar. 🔹 MTF Divergences Oscillator: Determines the oscillator and its length used for divergence detection. Options include "RSI", "MFI", "WaveTrend" and "External". Divergence Lookback: Lookback period used to track oscillator tops/bottoms. Divergence will be detected n bars after an oscillator top/bottom, where n is the specified lookback period. External Oscillator: External oscillator used for divergence detection if "External" is selected in the "Oscillator" dropdown menu, incompatible with Divergence Timeframe setting. Divergence Timeframe: Timeframe used to calculate the selected oscillator and detect divergences. Incompatible with external oscillators. Divergence From: Determines if price tops/bottoms evaluated to detect divergences are based on wicks (high/low price) or candle body (closing/opening price). Filter According To POC: Filter displayed divergences based on the Top-Down Volume Profile POC. Show Hidden: Display hidden divergences. Show Sauce: Display canned source emoji on specific divergences. 🔹 Golden Pockets Golden Pocket Lookback: Period used to calculate golden pockets, options include "Short-Term", "Medium-Term", and "Long-Term". Extend: Extend Golden Pockets lines from the most recent bar by the specified amount of bars. Golden Pocket Timeframe: Timeframe used to calculate the Golden Pockets. Retracements: Display specific retracements, users can also control the ratio from the provided numerical setting. Show Coordinate Line: Display a line connecting the top/bottom used to calculate the Golden Pockets. Invert: Invert top/bottom for the Golden Pockets calculation.
Indicatore Pine Script®
di LuxAlgo
41
ATR & RSI ConfluenceIntroducing the "Confluence Strategy": Your Go-To for Savvy Trading! 1.ATR Trailing Stop - Your Market Volatility Compass: What's ATR? Think of it as the pulse of market excitement. It measures how wildly prices are swinging. ATR Trailing Stop: This is where the magic happens. Picture it as a dynamic line that dances with the price. When the market climbs, it climbs; when the market drops, it drops. It's your trend-tailored safety net, ensuring you ride the waves but bail before the tide turns! 2. RSI - The Market's Mood Ring: RSI Lowdown: It's like a speedometer for price moves. Ranges from 0 to 100 – the closer to 100, the more it hints that prices might take a breather (overbought), and the closer to 0, the more it suggests prices might jump back up (oversold). RSI Filter in Action: We're flipping the script here. No selling if the market's not in the oversold zone, and no buying if it's not feeling overbought. We're after that sweet momentum! 3. HEMA and Hull EMA - Your Trend Trackers: HEMA & Hull EMA: These aren't your grandpa's moving averages. They're faster, sharper, and ready to catch the latest price trends. Like a hawk eyeing its prey, they zero in on the latest market moves. 4. Buy/Sell Signals - Where the Thrill Happens: Buying (LONG): It's go-time when: The price is strutting above HEMA. RSI is strutting its stuff above the overbought catwalk. ATR trailing stop is nodding along with an uptrend. And hey, you're not already riding the long wave. Selling (SHORT): You make your move when: The price is dipping below HEMA. RSI is lurking below the oversold alley. ATR trailing stop is signaling a downhill. And you're not already surfing the short tide. How to Rock this Strategy: New traders, tune in! This strategy's like a symphony of indicators – trend (HEMA and Hull EMA), momentum (RSI), and market volatility (ATR) – all harmonizing to cue your entry points. It's about syncing with the market's rhythm to up your trade game. Absolutely, let's fine-tune it to a snappier beat: Rock Your Trades with "Confluence Strategy," MACD & Volume Oscillator! 🔥 MACD: Set at 72/144 for a Smooth Groove: Think of MACD (72/144 settings) as your market groove detector. It's calibrated to catch longer-term trends and momentum, perfect for harmonizing with our "Confluence Strategy." This setting helps smooth out market noise, giving you a clearer picture of the trend. 🎛️ Volume Oscillator: Your 0% Beat Check: The Volume Oscillator is your go-to for checking the market's pulse. It's simple: look for it to be above 0% when considering a trade. This indicates that the market is vibing with enough volume to support your move, adding an extra layer of confidence to your strategy. 🚀 Trading Symphony: Together, "Confluence Strategy," MACD (72/144), and a positive Volume Oscillator create a powerful trio. They align your trades with the market's rhythm and volume energy, setting you up for potentially harmonious and profitable trades. Remember, the best tunes are played with practice. Test this setup, feel its rhythm, and when you're ready, let your trades sing on the market charts!
Indicatore Pine Script®
di Spira_Scalper
Gorb DNAIntroduction: Gorb DNA is a versatile indicator using classic technical analysis components such as moving averages, stochastic oscillator, and histogram blending call/put flow analysis with our proprietary DNA algorithm. This indicator is designed to provide traders with useful market direction, volume, and momentum change visual cues. Overview: The Gorb DNA Indicator isn't just another momentum tool; it's a complex integration of innovative market analysis techniques. By combining moving averages, stochastic oscillator, with proprietary algorithms, this indicator offers a multi-layered view of market trends, by merging call/put flow analysis with traditional market flow assessment. This is designed for all kinds of traders, using a simple method to deliver visual changes in flow, volume, and momentum. Core Features: Call/Put Flow & DNA Call/Put Flow Analysis: This component examines the strength of market buying and selling pressures. It analyzes call (buying) and put (selling) flows using price range movements, providing insights smoothed over a defined period for analysis of market sentiment. DNA Algorithm: A central feature of this indicator, the DNA algorithm utilizes a specialized moving average and oscillator technique to discern market trends. It presents an innovative approach, calculating the difference between bullish and bearish indicators to offer a detailed analysis of market momentum. Visualization and Color Coding: The indicator employs a color-coded system for ease of interpretation, with distinct colors indicating different market conditions: white for upward/bullish movement and purple for downward/bearish movement. This feature translating complex data into a visual format that is simple to understand. How Call/Put Flow Works: Moving averages are used with volume and candlestick highs/lows over a specific range to help determine the overall flow. It then plots a colored line area that looks like a colored wave using just two colors to provide traders with a visual of the current market flow. This can help traders identify changes in sentiment with simple color cues. How DNA Works: A stochastic oscillator is used to measure the current price level relative to its price over a specific range period to analyze the momentum for the two DNA strands. Additionally moving averages are used to confirm trend and identify any divergences relative to the momentum. This is then plotted as two lines(DNA Strands) following the same color scheme as Call/Put Flow. When momentum is picking up in a specific direction, the lines will change colors and cross each other, this gives a visual of momentum now being fully on one side until it starts to change colors and flip that direction. Custom Algorithm Elements: Gorb DNA isn't just common tools combined into one indicator. It includes proprietary algorithmic elements tailored to enhance technical analysis and timing. These are the reasons what set this indicator apart from common momentum, sentiment, and volume methods. We recommend experimenting with these features to choose what best suits your trading style. Settings: All skill-level friendly presets, easy to enable features with one-click Call Flow: allows the user to plot a colored area that looks like waves showing increases/decreases in bullish volume (not to be followed blindly) Put Flow: allows the user to plot a colored area that looks like waves showing increases/decreases in bearish volume (not to be followed blindly) DNA Strand 1: allows the user to plot one of the algorithm lines to visualize momentum direction (not to be followed blindly) DNA Strand 2: allows the user to plot one of the algorithm lines to visualize momentum direction (not to be followed blindly) DNA Strength: allows the user to a histogram displaying momentum volume bars in the background Flow Threshold: allows users to plot a dotted line to identify when call/put flow is now above average flow range All colors are changeable for the user to customize to their liking Call/Put Flow & DNA Demonstration In the image below, we can see a basic illustration of how these core features function. As stated above, call/put flow carefully monitors changes in moving averages, volume, and price action. If the market sentiment is shifting one direction, the call/put flow will plot those changes. If market is bullish, call flow should rise and put flow should decrease. The same goes for the opposite if the market is bearish. As is the same for the DNA strands, if markets momentum is becoming bullish, the lines will change color and then cross to signify a change in momentum and the call flow in the background should match this change. This creates two layers of confluence in an easy understandable visual method. Using Call/Put Flow In the image below, we disabled everything but call flow to demonstrate usage. On the left side of the image, you can see call flow matched price increase, then started to decline. This created a flow divergence, identifying a possible change in price action coming. This happened once flow crossed back below the threshold line and price then beginning to move lower. On the right side of the image, you can see call flow rising and price increasing. This is a good confluence showing there is bullish sentiment building in the market. In this next image, we disabled everything but put flow to demonstrate usage. The left side shows a put flow divergence. Put flow is slowly rising just like price is, this can help a trader identify a possible shift in sentiment coming. And on the right side, we have put flow rising above the threshold line and price beginning to decrease. Now we have confluence of bearish sentiment building in the market. The image below shows only call & put flow enabled, to display what the above two images combined look like. As you can see in the image above, these flow visuals help identify the underlying market sentiment. And when they cross, it leads to a change in price action in the direction of the sentiment over the threshold line. Using DNA Strands The image below has just DNA strands enabled to demonstrate usage. On the left is a box highlighting bearish momentum cross. In the circles is the change in momentum shifting from bullish to bearish. The move gets stronger as the DNA strands get closer to cross over signifying strength in the move. On the right side is a box highlighting a bullish momentum cross. The circles again, show the change from bearish to bullish momentum. Like previously said, the move gets stronger as the DNA strands get closer to crossing over, signifying strength in that direction. The next image shows call/put flow and DNA strands enabled for a full complete picture. The circles labeled (1) are showing the change in momentum from bullish to bearish. Circle (2) shows call flow decreasing and put flow rising above calls. Finally the arrow points to the DNA strands crossing over and put flow rising above the threshold line. This is 3 levels of easy visual confluence showing a change in sentiment, volume, and momentum to the downside. The next image will be showing the bullish side with call/put flow and DNA strands enabled. The circles that are labeled (1), show the visual change in momentum on the DNA strands from bearish to bullish. Circle (2) is the crossing of call flow over put flow and the arrow points to the DNA strands crossing over and call flow above the threshold line. Three simple to use visual confluences to identify change in sentiment, volume, and momentum to the upside. Conclusion: Our goal is to provide a unique, yet simple approach to market sentiment & momentum analysis. It's a tool developed for traders seeking user-friendly and easy to use tools that provide easy visual insights of market dynamics. We believe in simplicity, effectiveness, and creating tools to support decision making for all traders. How to get access: You can see the Author's instructions to get access to this indicator RISK DISCLAIMER All content, tools, scripts & education provided by Gorb Algo are for informational & educational purposes only. Trading is risky and most lose their money, past performance does not guarantee future results.
Indicatore Pine Script®
di GorbAlgo
1
ALMA Smoothed Gaussian Moving AverageThis indicator is an altered version of the Gaussian Moving Average (GMA) (Credit to author: © LeafAlgo ). The GMA applies weights to the prices, giving more importance to the values closer to the current period and gradually diminishing the significance of older prices. The ALMA Smoothed Gaussian Moving Average (ASGMA) applies an ALMA smoothing to its price data to minimize lag and provide a more accurate representation of the underlying trend by dynamically adapting to changing market conditions. The Arnaud Legoux Moving Average (ALMA) is a specialized smoothing technique that adjusts the weights of the moving average based on market volatility. Its calculation uses Wavelet Transform techniques which enables this type of smoothing to capture both high-frequency and low-frequency components of a signal or data. The rationale for this mashup between ALMA and Gaussian filtering is to smooth the moving average line over the smoothed price data and produce stronger trend signals. ASGMA serves as a trend-following indicator, identifying both bullish and bearish trends. It provides buy and sell signals indicated by "B" and "S" labels plotted alongside the price data. Additionally, the ASGMA's Exponential Moving Average (EMA) line alternates between green and red, indicating bullish and bearish momentum, respectively. The ASGMA also incorporates two popular momentum indicators, the Relative Strength Index (RSI) and the Chande Momentum Oscillator (CMO). The inclusion of these indicators aims to enhance trend identification and reversal signals. For a strong buy signal, all three indicators (RSI, CMO, and ASGMA) must indicate bullish conditions, resulting in a vertical green line. Conversely, a vertical red line is plotted when all indicators indicate bearish conditions, representing a strong sell signal. The ASGMA, with its unique combination of smoothing techniques and indicator amalgamation, provides traders and investors with powerful analytical tools. It can be applied in trend-following strategies using the regular buy and sell signals generated by labels and the EMA line. Alternatively, the vertical lines offer stronger buy and sell signals. These features aid in identifying potential entry and exit points, thereby enhancing trading decisions and market analysis. However, it is important to remember that the future performance of any trading strategy is fundamentally unknowable, and past results do not guarantee future performance.
Indicatore Pine Script®
di profitprotrading
38
Triangle and Wedge Break [Only Long]The Triangle pattern Triangle chart patterns are one of the most resourceful and practically advanced templates in technical analysis. These charts are the underpinnings of a well-calculated move when it comes to the assessment of risk and reward ratios. The pattern is often represented by drawing trendlines along an intersecting price scale, which suggests a stoppage in the ongoing trend. The Wedge pattern It is a price pattern that is denoted by the intersection of trend lines on a price chart. The opposing trend lines are drawn to connect the respective highs and lows of a price activity progression over the stretch of 10 to 50 periods. The lines can exhibit the magnitude of the highs and lows, signifying whether they are ascending or descending; this pattern gives the appearance of a wedge, hence the name. The wedge pattern has a good track record for forecasting price reversals. This script is one of an attempt to help traders look for triangles and wedge patterns as soon as a breakout occurs. How this script works: 1. First, it identifies the two tops of the pattern using the ta.pivot() function. 2. Next, it draws a trendline connecting those 2 tops, top A and top C (called the upper resistance line of the pattern). 3. Next, it draws a trendline connecting those 2 peaks (called the upper resistance line of the pattern). 4. Right now it will test 2 bottoms of the pattern (bottom B and bottom D). 5. Next, it will measure the ratio of waves AB, BC and CD (for example with triangle pattern, we need wave BC to retrace about 0.5 wave AB, same for wave CD and wave BC). 6. Finally, it will alert the trader if a break of a valid pattern occurs. In addition, this script has more information about average trading volume, volume of candlestick breakouts. Those factors help us further confirm to enter the order. This script is not all, you should combine other methods to increase your win rate.
Indicatore Pine Script®
di TrendCrypto2022
27
Planetary Tunings Moving AveragesThe Pine Script "Planetary Tunings Moving Averages" is a unique tool that plots moving averages (MAs) on a chart, representing the wavelengths of different planets as derived from the book Quadrivium. These wavelengths, also referred to as 'planetary tunings', are related to the orbital resonance of each planet. Each planetary tuning value is first transformed into a whole number by multiplying it by 1000 and removing the decimal. This whole number is then used as the length parameter for a Simple Moving Average (SMA) function. This function calculates the average of the closing prices over the defined number of periods, thereby creating a moving average line on the chart. The moving average lines are color-coded according to the planet they represent, allowing for quick and easy interpretation. For example, Mercury's moving average line is blue, Venus's line is orange, and so forth. These colors can be adjusted directly in the Pine Script code if desired. Additionally, the script computes the mean of all these moving averages and plots it on the chart. This line provides an overall trend line, summarizing the collective behavior of all the planetary tuning moving averages. The drawings in the chart are fib channels and fib circles that I use to capture liquidity in time. Please note that this script is written for Pine Script Version 4. It's crucial to ensure your TradingView platform is compatible with this version. For any issues or further clarification, consider referring to TradingView's Pine Script documentation or its community forums.
Indicatore Pine Script®
di DukeDoobie1111
6
[DisDev] Tactical Analysis Part III: Oscillators🟩 Introducing the Oscillators Indicator by Disruptive Developers, a revolutionary tool designed to enhance your trading strategy. This indicator is the third part of our Tactical Analysis suite, combining two oscillator indicators to provide you with a comprehensive view of market conditions. ⚡ OVERVIEW ⚡ Key Features 🔑 Combines TDI Pro - Traders Dynamic Indicator by Dean Malone and WTO - Wave Trend Oscillator Includes MFI - Money Flow Index and MACD - Moving Average Convergence Divergence Incorporates VWAP - Volume Weighted Average Price Benefits 💸 Enhances trading strategy by providing comprehensive market insights Helps determine overbought or oversold conditions in ranging markets Assists in identifying important entry and exit points ⚙️ CONFIGURATION & SETTINGS ⚙️ Inputs 🔧 Green / Red = The RSI Price-Line (Current Price Sentiment) Dark Red = The Signal Line (Crossover for Entry & Exit) Yellow = Market Base Line (Overall Sentiment) Blue = Volatility Bands (Increasing/Decreasing Volatility) Alerts 🔔 TDI Cross Short/Long Alerts TDI MBL Cross Short/Long Alerts TDI Hook Short/Long Alerts 💡 USAGE & STRATEGY 💡 Trading Strategies 📈 Look for regular and hidden divergences Identify entries and exits based on crosses with Price-Line Align trades with market sentiment Timeframes and Symbols ⌚ Suitable for all timeframes and symbols Optimized for Forex trading but applicable to all markets 🤖 DETAILS & METHODOLOGY 🤖 Algorithm and Calculation 🛡️ Based on the TDI indicator created by Dean Malone Incorporates RSI, Signal Line, Market Base Line, and Volatility Bands Signals for regular and hidden divergences 📚 ADDITIONAL RESOURCES 📚 Tutorials and Guides 📖 Detailed user manual available on our website Video tutorials for setup and usage Discord community forum for user discussions and tips Visit our website for additional information, videos and pdf’s, link can be found below. Chart Examples 📊 Trader’s Dynamic Index (TDI): Overbought/Oversold Signals WaveTrend/Moneyflow/VWAP (WMV) Overbought/Oversold Signals Tactical Analysis Indicator Suite. Parts I, II, and III. 🚀 CONCLUSION 🚀 In conclusion, the Tactical Analysis Part III: Oscillators indicator by Disruptive Developers is a powerful tool that combines multiple oscillators to provide a comprehensive view of market conditions. It is designed to enhance your trading strategy and help you make more informed trading decisions. Access Parts I and II here: Tactical Analysis Part I: High-Volume Recovery Tactical Analysis Part II: Levels ⚠️ DISCLAIMER ⚠️ This indicator is provided as a tool for traders and should not be used as the sole basis for making trading decisions. Always conduct your own research and consider your risk tolerance before entering any trades.
Indicatore Pine Script®
di DisDev
3
RHODL_RatioIndicator Overview This indicator uses a ratio of Realized Value HODL Waves. In summary, Realized Value HODL waves are different age bands of UTXO’s (coins) weighted by the Realized Value of coins within each band. The Realized Value is the price of UTXO’s (coins) when they were last moved from one wallet to another. RHODL Ratio looks at the ratio between RHODL band of 1 week versus the RHODL band of 1-2yrs. It also calibrates for increased hodl’ing over time and for lost coins by multiplying the ratio by the age of the market in number of days. When the 1-week value is significantly higher than the 1-2yr it is a signal that the market is becoming overheated. How to Use this Indicator When RHODL ratio starts to approach the red band it can signal that the market is overheating (Red bars on a chart). This has historically been a good time for investors to take profits in each cycle. When RHODL ratio starts to approach the green band it can signal great time to buy (Green bars on a chart) If you change an upper band location this automatically affects on the normalization of value what you can send with allert and what you see on the lable. This version have differences to original one Original idea of: Philip Swift (@positivecrypto)
Indicatore Pine Script®
di VanHe1sing
8
Steel Step Assistant: Divergence IndicatorDisclaimer: Nobody should use this indicator as a confirmation signal for entry/exit for your trades. Please message me on how to use this indicator correctly. This indicator was designed to be used in conjunction with my Steel Step strategy, hence the name. This indicator simply gives you a signal of a trend reversal. The default settings produce directions that are very similar to what I use for my strategy. You can change the settings as desired. The user inputs (settings) should be very straightforward. Length is the distance you want to compare the price. This indicator can be used on all charts and markets; crypto, commodities, forex, stock, indices, etc. It is suitable for intra-day traders, as well as HTF traders. The default settings are configured to show you the trend reversal or market direction of "one layer" above "the current time frame layer". You can find educational materials about the layer logic from my Steel Step strategy. One way of using this is to enhance your information gathering on trends in order to understand the market structure or direction better. This indicator educates users on the market structure. Users can quickly break down the market into layers, analyze the layers and connect them all to understand the market as a whole. After users understand the market, users need to decide and choose a specific trend they want to trade. The basic idea is to flow with the market. This indicator can be combined with EW theory to understand the market structure easily. When I understand the whole market structure, it boosts my trading performance to the maximum. Please comment below or message me if you have any questions. Enjoy!
Indicatore Pine Script®
di Steel_Step
Volatility Percentile (H-LINES)A simple script that adjusts the Volatility Percentile Indicator visibly in order to better accommodate entries/exits and certain trading setups/strategies. -------------------------------------------------------------------------------------------------------------------------------------------------------- TL;DR - Remember after a full reset, we are looking for initial crosses UP on the UpperSwingline and crosses DOWN on the LowerSwingline for primary and secondary signal derivation. Vice versa also works great but the prior method mentioned is a little more consistent in my experience, but you should mess around and optimise this for your own setups and strategies anyway. -------------------------------------------------------------------------------------------------------------------------------------------------------- ORIGINAL SCRIPT HERE: ^Click image for a redirect to that script. ALL CREDIT GOES TO: www.tradingview.com He wrote everything so give credit where it's due, good bit of kit this here script is. -------------------------------------------------------------------------------------------------------------------------------------------------------- HOW I USE MY VISUALLY ALTERED VERSION OF THIS SCRIPT First of all, the alterations I've made seem only to be consistently viable with renko charts though if you can get the sought after results using candles or any other chart type then perfect, but be wary. All my back-testing done only with LinReg, HMA and SWMA - ATR type settings exclusively on renko charts. The changes I've made to the original script essentially just turns it visibly into an oscillator and uses a couple horizontal lines to generate signals, very simple - absolutely nothing has changed in the actual code of calculating this indicator. What I believe my adjustments have achieved is quite simple. A full reset/oscillation on the indicator tries to map the strongest parts of a move or at least the part of the move where volume and the rate of transactions is at its peak to even facilitate said move. *take this statement with a pinch of salt though I do believe it's interacting with accumulation/distribution patterns, which is expected of volatility* For ease of communication let's refer to the area between the the first UpperSwingline cross to the subsequent LowerSwingline cross, as the primary move. Then afterwards when it crosses the UpperSwingline again to make the full reset, the area in between those two points referred to as the secondary move. Though more interestingly/practically the indicator ends up giving you two signals. In order for this to work we have to first decide that a spike up in volatility which crosses the UpperSwingline implies a significant level of interest at that price level. Usually that means a reversal is brewing, if price has already moved, trended and is approaching a certain area of value; which causes a spike of new positions to be taken, then you know that this is a level where contrarians are looking to enter. Now here's the tricky part, when volatility crosses the LowerSwingline price action becomes a little more open for interpretation, the way I personally like to look at this secondary signal is the potential for an exhaustion period to prolong itself a little longer. I know that's not the perfect analysis for what's going on, a more in-depth look into what's going on would best be described using Elliott Wave Theory, if a cross on the UpperSwingline near a significant area of value gives us a reversal trade lets just assume for the sake of argument that a new Elliott Wave can begin forming here. Making the move from that initial UpperSwngline cross to the cross on the LowerSwingline, the area that encompasses those two points: the impulse wave. After this point my analogy kind of falls apart and sadly my knowledge just isn't what it needs to be in order for me to properly analyse what's going on here but I must digress. Price after crossing the LowerSwingline up until the point where it makes a full reset by crossing the UpperSwingline again, within this area price seems to do either one of two things: Situation 1 - Most likely occurs after a major trend reversal from major support/resistance or area of value (price has trended to new territory, maybe spent time a little time consolidating but hasn't broken the key level, momentum shifts, price action breaks current structure and you get the signal that primary move is a reversal) = Exhaustion Period, price will continue in direction of primary move during the secondary move. This here is for our trend-followers, you wanna take a continuation trade? Just wait for the pullback/rally to hit a FiB retracement level and enter - or any other means to find a decent support/resistance to enter. Situation 2 - Most likely occurs when market enters a range or consolidation (price was previously seen as being at either a discount or premium so Situation 1 could have already played out and now you're looking at a full reset after that, imagine this spot to be the centre line of a linear regression channel or bang in the middle of your range, could even occur if price breaks a key moving average and decides it ought to consolidate around it for a while. Basically at any point where a somewhat prolonged consolidation is expected and not a quick reversal) = Corrective Wave, price will move against the direction of primary move during the secondary move. Now you might be expecting me to say this ones for you reversal traders but not really, if this is occurring then there probably isn't a definitive direction the market has chosen so you can use this opportunity to take range trades in the direction or against the direction of whatever the current trend or latest trend was depending on whatever slight bias you may have. <--- Situation 2 is very useful for finding cleaner entries if you do have a trend bias, say price underwent Situation 1, is now at key moving average but your bias is that it will break and continue up, so you wait and allow the secondary move of Situation 2 to take your entry to a much better R:R before entering a position. --------------------------------------------------------------------------------------------------------------------------------------------------------
Indicatore Pine Script®
di D_dot_ZK
1
Steel Step Assistant: Trend VisualizerSpecial thanks to Turicumo and Psychil for helping me write the code, both from my group. Disclaimer: Nobody should use this indicator as a confirmation signal for entry/exit for your trades. Please message me on how to use this indicator correctly. This indicator was designed to be used in conjunction with my Steel Step strategy, hence the name. This indicator simply gives a quick outlook of the market. This indicator is an ordinary table that shows you the trends. The default settings produce directions that are very similar to what I use for my strategy. You can change the settings as desired. This indicator can be used on all charts and markets; crypto, commodities, forex, stock, indices, etc. It is suitable for intra-day traders, as well as HTF traders. One way of using this is to enhance your information gathering on trends in order to understand the market structure or direction better. This indicator educates users on the market structure. Users can quickly break down the market into layers, analyze the layers and connect them all to understand the market as a whole. After users understand the market, users need to decide and choose a specific trend they want to trade. The basic idea is to flow with the market. This indicator can be combined with EW theory to understand the market structure easily. When I understand the whole market structure, it boosts my trading performance to the maximum. Please comment below or message me if you have any questions. Enjoy!
Indicatore Pine Script®
di Steel_Step
1