Inizia

Stochastic-rsi

CPR OI Toolkit - All in one indicatorThis is experimental indicator which is an extend my pre triple EMA indicator. I have been using this indicator to identify potential entry and exit for commodity market. I had used it for couple of week and it helps. I would like to share with you. It is meant identify and analyze then plan your trade. I have developed this indicator using Google Antigravity , which is an awesome tool for developing trading indicator and strategies. My CPR OI tool kit includes following. Triple EMA Stochastic - for trend catching Previous Low/high base trial and visual indication Price action concepts Reversion logic. Visual indication - buy / sell / setup initialization / exit Visual dashboard. --- ## 🎨 Visual Signal Guide | Marker | Meaning | Action | |--------|---------|--------| | 🔵 Tiny Blue Circle | Stochastic bullish setup START | Wait for EMA + breakout | | 🟢 Green Triangle UP | **LONG ENTRY** - All conditions met | **ENTER LONG** | | 🔴 Red Triangle DOWN | **SHORT ENTRY** | **ENTER SHORT** | | 🟠 Orange Circle | **EXIT** - EMA1/2 cross | **CLOSE POSITION** | | 💧 Aqua "R" | Mean reversion long | Scalp opportunity | | 💜 Fuchsia "R" | Mean reversion short | Scalp opportunity | --- ## 💰 Open Interest Interpretation | Status | Price vs Prev | OI Change | Meaning | |--------|---------------|-----------|---------| | **Long Accumulation**🟢 | ↑ | ↑ | Bulls building positions | | **Short Accumulation**🔴 | ↓ | ↑ | Bears building positions | | **Short Covering**🟡 | ↑ | ↓ | Bears exiting (bullish) | | **Long Unwinding**🟠 | ↓ | ↓ | Bulls exiting (bearish) | --- ## 🔔 Alerts (All Enabled by Default) 1. "LONG Signal | Stochastic confirmed | EMA Bullish" 2. "SHORT Signal | Stochastic confirmed | EMA Bearish" 3. "EMA Alignment: BULLISH/BEARISH" 4. "Position CLOSED - Trailing Stop Hit" ---
Indicatore Pine Script®
di trade_crush
8
[SM-021] Gaussian Trend System [Optimized]This script is a comprehensive trend-following strategy centered around a Gaussian Channel. It is designed to capture significant market movements while filtering out noise during consolidation phases. This version (v2) introduces code optimizations using Pine Script v6 Arrays and a new Intraday Time Control feature. 1. Core Methodology & Math The foundation of this strategy is the Gaussian Filter, originally conceptualized by @DonovanWall. Gaussian Poles: Unlike standard moving averages (SMA/EMA), this filter uses "poles" (referencing signal processing logic) to reduce lag while maintaining smoothness. Array Optimization: In this specific iteration, the f_pole function has been refactored to utilize Pine Script Arrays. This improves calculation efficiency and rendering speed compared to recursive variable calls, especially when calculating deep historical data. Channel Logic: The strategy calculates a "Filtered True Range" to create High and Low bands around the main Gaussian line. Long Entry: Price closes above the High Band. Short Entry: Price closes below the Low Band. 2. Signal Filtering (Confluence) To reduce false signals common in trend-following systems, the strategy employs a "confluence" approach using three additional layers: Baseline Filter: A 200-period (customizable) EMA or SMA acts as a regime filter. Longs are only taken above the baseline; Shorts only below. ADX Filter (Volatility): The Average Directional Index (ADX) is used to measure trend strength. If the ADX is below a user-defined threshold (default: 20), the market is considered "choppy," and new entries are blocked. Momentum Check: A Stochastic RSI check ensures that momentum aligns with the breakout direction. 3. NEW: Intraday Session Filter Per user requests, a time-based filter has been added to restrict trading activity to specific market sessions (e.g., the New York Open). How it works: Users can toggle a checkbox to enable/disable the filter. Configuration: You can define a specific time range (Default: 09:30 - 16:00) and a specific Timezone (Default: New York). Logic: The strategy longCondition and shortCondition now check if the current bar's timestamp falls within this window. If outside the window, no new entries are generated, though existing trades are managed normally. 4. Risk Management The strategy relies on volatility-based exits rather than fixed percentage stops: ATR Stop Loss: A multiple of the Average True Range (ATR) is calculated at the moment of entry to set a dynamic Stop Loss. ATR Take Profit: An optional Reward-to-Risk (RR) ratio can be set to place a Take Profit target relative to the Stop Loss distance. Band Exit: If the trend reverses and price crosses the opposite band, the trade is closed immediately to prevent large drawdowns. Credits & Attribution Original Gaussian Logic: Developed by @DonovanWalll. This script utilizes his mathematical formula for the pole filters. Strategy Wrapper & Array Refactor: Developed by @sebamarghella. Community Request: The Intraday Session Filter was added to assist traders focusing on specific liquidity windows. Disclaimer: This strategy is for educational purposes. Past performance is not indicative of future results. Please use the settings menu to adjust the Session Time and Risk parameters to fit your specific asset class.
Strategia Pine Script®
di sebamarghella
VCAI Stochastic RSI+VCAI Stoch RSI+ is a cleaned-up Stochastic RSI built with V-Core colours for faster, clearer momentum reads and more reliable OB/OS signals. What it shows: Purple %K line → bearish momentum strengthening Yellow %D line → bullish momentum building and smoothing Soft purple/yellow background bands → OB/OS exhaustion zones, not just raw 80/20 triggers Midline at 50 → balance point where momentum shifts between bull- and bear-side control Optional HTF mode → run Stoch RSI from any timeframe while viewing it on your current chart How to read it: Both lines rising out of OS → early bullish shift; pullbacks that hold direction favour continuation Both lines falling from OB → early bearish shift; bounces into the purple OB zone can become fade setups Lines stacked and moving together → strong, cleaner momentum Lines crossing repeatedly → low-conviction, choppy conditions OB/OS shading highlights exhaustion so you focus on moves with context, not every 80/20 tick Why it’s different: Classic Stoch RSI is hyper-sensitive and mostly noise. VCAI Stoch RSI+ applies V-Core’s colour-driven regime logic, controlled OB/OS shading, and optional HTF smoothing so you see momentum structure instead of clutter — making it easier to judge when momentum is genuinely shifting and when it’s just another wiggle.
Indicatore Pine Script®
di Vectorcoresai
REMS - Deep SynergyThis is a more flexible version of the REMS Synergy indicator. Like other indicators in the REMS family, it builds upon the foundations assessing the relationships between RSI, EMAs, MACDs, and Stochastic RSI across multiple timeframes. Designed to help traders identify less frequent, but high probability entries across 2 time frames. Uses 3 levels of confluence indicators for both long and short moves. Features 3 levels of confluence across 2 timeframes. All 3 levels allow filtering of any combination of REMS filters. Features more options and customization than previous REMS Synergy. Includes VWAP and 4 EMAs as optional visual representations. Includes 'Enhanced Candles' than can colour code candlesticks for better visual identification. (off by default) Originally designed with 5 minute and 2 minute timeframes in mind, and pairs well with REMS First Strike and/or REMS Snap Shot indicators. This version features no hard-coded inputs and allows for more freedom than previous version. With the added flexibility comes the ability for the indicator to be more easily stacked.
Indicatore Pine Script®
di KodiakMarket
Stochastic BTC OptimizedEnhanced Stochastic for Bitcoin (BTC) – Optimized for Daily Timeframe This enhanced Stochastic oscillator is specifically fine-tuned for BTC/USD on the 1D timeframe, leveraging historical data from Bitstamp (2011–2025) to minimize false signals and maximize reliability in Bitcoin's volatile swings. Unlike the classic Stochastic (14, 3, 3), this version uses optimized parameters: - K Period = 21 – smoother reaction, better suited for BTC’s macro cycles - D Period = 3, Smooth K = 3 – reduces noise while preserving responsiveness - Overbought = 85, Oversold = 15 – accounts for BTC’s tendency to trend strongly within extreme zones without immediate reversal ✅ Smart Signal Logic: Buy/sell signals appear only when %K crosses %D inside the oversold (≤15) or overbought (≥85) zones, and only the first signal is shown to avoid whipsaws. Visual Enhancements: - Thick lines when %K/%D are in overbought/oversold zones - Green/red background highlights on valid signals - Optional up/down arrows for clear entry visualization - Customizable colors, line widths, and transparency 🔒 No alerts included – clean, focused on price action and momentum. 💡 Pro Tip: For even higher accuracy, use this indicator in combination with a long-term trend filter (e.g., EMA 200). The oscillator excels in ranging or retracement phases but should not be used alone in strong parabolic moves. Based on Mozilla Public License v2.0 – feel free to use, modify, and share. Perfect for swing traders and long-term Bitcoin analysts seeking high-probability reversal zones. перевод на русский Улучшенный Stochastic для Bitcoin (BTC) — оптимизирован для дневного таймфрейма Этот улучшенный осциллятор Stochastic специально настроен под BTC/USD на дневном графике, с учётом исторических данных Bitstamp (2011–2025), чтобы минимизировать ложные сигналы и повысить надёжность в условиях высокой волатильности биткоина. В отличие от классического Stochastic (14, 3, 3), эта версия использует оптимизированные параметры: - Период K = 21 — более плавная реакция, лучше соответствует макроциклам BTC - Период D = 3, Сглаживание K = 3 — снижает шум, сохраняя отзывчивость - Уровень перекупленности = 85, перепроданности = 15 — учитывает склонность BTC к сильным трендам в экстремальных зонах без немедленного разворота ✅ Интеллектуальная логика сигналов: Покупка/продажа отображается только при пересечении %K и %D внутри зоны перепроданности (≤15) или перекупленности (≥85), и только первый сигнал фиксируется, чтобы избежать «хлыстов». Улучшенная визуализация: - Жирные линии, когда %K/%D находятся в экстремальных зонах - Зелёный/красный фон при появлении сигналов - Опциональные стрелки для чёткого отображения точек входа - Настройка цветов, толщины линий и прозрачности 🔒 Без алертов — чистый инструмент, сфокусированный на цене и импульсе. 💡 Совет профессионала: для ещё большей точности используйте этот индикатор вместе с трендовым фильтром (например, EMA 200). Осциллятор лучше всего работает в фазах консолидации или отката, но не стоит применять его в одиночку во время сильных параболических движений. На основе Mozilla Public License v2.0 — свободно используйте, модифицируйте и делитесь. Идеален для свинг-трейдеров и аналитиков Bitcoin, ищущих зоны с высокой вероятностью разворота.
Indicatore Pine Script®
di indexrate
Stochastic Hash Strat [Hash Capital Research]# Stochastic Hash Strategy by Hash Capital Research ## 🎯 What Is This Strategy? The **Stochastic Slow Strategy** is a momentum-based trading system that identifies oversold and overbought market conditions to capture mean-reversion opportunities. Think of it as a "buy low, sell high" approach with smart mathematical filters that remove emotion from your trading decisions. Unlike fast-moving indicators that generate excessive noise, this strategy uses **smoothed stochastic oscillators** to identify only the highest-probability setups when momentum truly shifts. --- ## 💡 Why This Strategy Works Most traders fail because they: - **Chase prices** after big moves (buying high, selling low) - **Overtrade** in choppy, directionless markets - **Exit too early** or hold losses too long This strategy solves all three problems: 1. **Entry Discipline**: Only trades when the stochastic oscillator crosses in extreme zones (oversold for longs, overbought for shorts) 2. **Cooldown Filter**: Prevents revenge trading by forcing a waiting period after each trade 3. **Fixed Risk/Reward**: Pre-defined stop-loss and take-profit levels ensure consistent risk management **The Math Behind It**: The stochastic oscillator measures where the current price sits relative to its recent high-low range. When it's below 25, the market is oversold (time to buy). When above 70, it's overbought (time to sell). The crossover with its moving average confirms momentum is shifting. --- ## 📊 Best Markets & Timeframes ### ⭐ OPTIMAL PERFORMANCE: **Crude Oil (WTI) - 12H Timeframe** - **Why it works**: Oil markets have predictable volatility patterns and respect technical levels **AAVE/USD - 4H to 12H Timeframe** - **Why it works**: DeFi tokens exhibit strong momentum cycles with clear extremes ### ✅ Also Works Well On: - **BTC/USD** (12H, Daily) - Lower frequency but high win rate - **ETH/USD** (8H, 12H) - Balanced volatility and liquidity - **Gold (XAU/USD)** (Daily) - Classic mean-reversion asset - **EUR/USD** (4H, 8H) - Lower volatility, requires patience ### ❌ Avoid Using On: - Timeframes below 4H (too much noise) - Low-liquidity altcoins (wide spreads kill performance) - Strongly trending markets without pullbacks (Bitcoin in 2021) - News-driven instruments during major events --- ## 🎛️ Understanding The Settings ### Core Stochastic Parameters **Stochastic Length (Default: 16)** - Controls the lookback period for price comparison - Lower = faster reactions, more signals (10-14 for volatile markets) - Higher = smoother signals, fewer trades (16-21 for stable markets) - **Pro tip**: Use 10 for crypto 4H, 16 for commodities 12H **Overbought Level (Default: 70)** - Threshold for short entries - Lower values (65-70) = more trades, earlier entries - Higher values (75-80) = fewer but higher-conviction trades - **Sweet spot**: 70 works for most assets **Oversold Level (Default: 25)** - Threshold for long entries - Higher values (25-30) = more trades, earlier entries - Lower values (15-20) = fewer but stronger bounce setups - **Sweet spot**: 20-25 depending on market conditions **Smooth K & Smooth D (Default: 7 & 3)** - Additional smoothing to filter out whipsaws - K=7 makes the indicator slower and more reliable - D=3 is the signal line that confirms the trend - **Don't change these unless you know what you're doing** --- ### Risk Management **Stop Loss % (Default: 2.2%)** - Automatically exits losing trades - Should be 1.5x to 2x your average market volatility - Too tight = death by a thousand cuts - Too wide = uncontrolled losses - **Calibration**: Check ATR indicator and set SL slightly above it **Take Profit % (Default: 7%)** - Automatically exits winning trades - Should be 2.5x to 3x your stop loss (reward-to-risk ratio) - This default gives 7% / 2.2% = 3.18:1 R:R - **The golden rule**: Never have R:R below 2:1 --- ### Trade Filters **Bar Cooldown Filter (Default: ON, 3 bars)** - **What it does**: Forces you to wait X bars after closing a trade before entering a new one - **Why it matters**: Prevents emotional revenge trading and overtrading in choppy markets - **Settings guide**: - 3 bars = Standard (good for most cases) - 5-7 bars = Conservative (oil, slow-moving assets) - 1-2 bars = Aggressive (only for experienced traders) **Exit on Opposite Extreme (Default: ON)** - Closes your long when stochastic hits overbought (and vice versa) - Acts as an early profit-taking mechanism - **Leave this ON** unless you're testing other exit strategies **Divergence Filter (Default: OFF)** - Looks for price/momentum divergences for additional confirmation - **When to enable**: Trending markets where you want fewer but higher-quality trades - **Keep OFF for**: Mean-reverting markets (oil, forex, most of the time) --- ## 🚀 Quick Start Guide ### Step 1: Set Up in TradingView 1. Open TradingView and navigate to your chart 2. Click "Pine Editor" at the bottom 3. Copy and paste the strategy code 4. Click "Add to Chart" 5. The strategy will appear in a separate pane below your price chart ### Step 2: Choose Your Market **If you're trading Crude Oil:** - Timeframe: 12H - Keep all default settings - Watch for signals during London/NY overlap (8am-11am EST) **If you're trading AAVE or crypto:** - Timeframe: 4H or 12H - Consider these adjustments: - Stochastic Length: 10-14 (faster) - Oversold: 20 (more aggressive) - Take Profit: 8-10% (higher targets) ### Step 3: Wait for Your First Signal **LONG Entry** (Green circle appears): - Stochastic crosses up below oversold level (25) - Price likely near recent lows - System places limit order at take profit and stop loss **SHORT Entry** (Red circle appears): - Stochastic crosses down above overbought level (70) - Price likely near recent highs - System places limit order at take profit and stop loss **EXIT** (Orange circle): - Position closes either at stop, target, or opposite extreme - Cooldown period begins ### Step 4: Let It Run The biggest mistake? **Interfering with the system.** - Don't close trades early because you're scared - Don't skip signals because you "have a feeling" - Don't increase position size after a big win - Don't revenge trade after a loss **Follow the system or don't use it at all.** --- ### Important Risks: 1. **Drawdown Pain**: You WILL experience losing streaks of 5-7 trades. This is mathematically normal. 2. **Whipsaw Markets**: Choppy, range-bound conditions can trigger multiple small losses. 3. **Gap Risk**: Overnight gaps can cause your actual fill to be worse than the stop loss. 4. **Slippage**: Real execution prices differ from backtested prices (factor in 0.1-0.2% slippage). --- ## 🔧 Optimization Guide ### When to Adjust Settings: **Market Volatility Increased?** - Widen stop loss by 0.5-1% - Increase take profit proportionally - Consider increasing cooldown to 5-7 bars **Getting Too Few Signals?** - Decrease stochastic length to 10-12 - Increase oversold to 30, decrease overbought to 65 - Reduce cooldown to 2 bars **Getting Too Many Losses?** - Increase stochastic length to 18-21 (slower, smoother) - Enable divergence filter - Increase cooldown to 5+ bars - Verify you're on the right timeframe ### A/B Testing Method: 1. **Run default settings for 50 trades** on your chosen market 2. Document: Win rate, profit factor, max drawdown, emotional tolerance 3. **Change ONE variable** (e.g., oversold from 25 to 20) 4. Run another 50 trades 5. Compare results 6. Keep the better version **Never change multiple settings at once** or you won't know what worked. --- ## 📚 Educational Resources ### Key Concepts to Learn: **Stochastic Oscillator** - Developed by George Lane in the 1950s - Measures momentum by comparing closing price to price range - Formula: %K = (Close - Low) / (High - Low) × 100 - Similar to RSI but more sensitive to price movements **Mean Reversion vs. Trend Following** - This is a **mean reversion** strategy (price returns to average) - Works best in ranging markets with defined support/resistance - Fails in strong trending markets (2017 Bitcoin, 2020 Tech stocks) - Complement with trend filters for better results **Risk:Reward Ratio** - The cornerstone of profitable trading - Winning 40% of trades with 3:1 R:R = profitable - Winning 60% of trades with 1:1 R:R = breakeven (after fees) - **This strategy aims for 45% win rate with 2.5-3:1 R:R** ### Recommended Reading: - *"Trading Systems and Methods"* by Perry Kaufman (Chapter on Oscillators) - *"Mean Reversion Trading Systems"* by Howard Bandy - *"The New Trading for a Living"* by Dr. Alexander Elder --- ## 🛠️ Troubleshooting ### "I'm not seeing any signals!" **Check:** - Is your timeframe 4H or higher? - Is the stochastic actually reaching extreme levels (check if your asset is stuck in middle range)? - Is cooldown still active from a previous trade? - Are you on a low-liquidity pair? **Solution**: Switch to a more volatile asset or lower the overbought/oversold thresholds. --- ### "The strategy keeps losing money!" **Check:** - What's your win rate? (Below 35% is concerning) - What's your profit factor? (Below 0.8 means serious issues) - Are you trading during major news events? - Is the market in a strong trend? **Solution**: 1. Verify you're using recommended markets/timeframes 2. Increase cooldown period to avoid choppy markets 3. Reduce position size to 5% while you diagnose 4. Consider switching to daily timeframe for less noise --- ### "My stop losses keep getting hit!" **Check:** - Is your stop loss tighter than the average ATR? - Are you trading during high-volatility sessions? - Is slippage eating into your buffer? **Solution**: 1. Calculate the 14-period ATR 2. Set stop loss to 1.5x the ATR value 3. Avoid trading right after market open or major news 4. Factor in 0.2% slippage for crypto, 0.1% for oil --- ## 💪 Pro Tips from the Trenches ### Psychological Discipline **The Three Deadly Sins:** 1. **Skipping signals** - "This one doesn't feel right" 2. **Early exits** - "I'll just take profit here to be safe" 3. **Revenge trading** - "I need to make back that loss NOW" **The Solution:** Treat your strategy like a business system. Would McDonald's skip making fries because the cashier "doesn't feel like it today"? No. Systems work because of consistency. --- ### Position Management **Scaling In/Out** (Advanced) - Enter 50% position at signal - Add 50% if stochastic reaches 10 (oversold) or 90 (overbought) - Exit 50% at 1.5x take profit, let the rest run **This is NOT for beginners.** Master the basic system first. --- ### Market Awareness **Oil Traders:** - OPEC meetings = volatility spikes (avoid or widen stops) - US inventory reports (Wed 10:30am EST) = avoid trading 2 hours before/after - Summer driving season = different patterns than winter **Crypto Traders:** - Monday-Tuesday = typically lower volatility (fewer signals) - Thursday-Sunday = higher volatility (more signals) - Avoid trading during exchange maintenance windows --- ## ⚖️ Legal Disclaimer This trading strategy is provided for **educational purposes only**. - Past performance does not guarantee future results - Trading involves substantial risk of loss - Only trade with capital you can afford to lose - No one associated with this strategy is a licensed financial advisor - You are solely responsible for your trading decisions **By using this strategy, you acknowledge that you understand and accept these risks.** --- ## 🙏 Acknowledgments Strategy development inspired by: - George Lane's original Stochastic Oscillator work - Modern quantitative trading research - Community feedback from hundreds of backtests Built with ❤️ for retail traders who want systematic, disciplined approaches to the markets. --- **Good luck, stay disciplined, and trade the system, not your emotions.**
Strategia Pine Script®
di Hash_Capital
Range Oascilator + LessDivergences + MACD+StochRSIRange Oscillator + EMA Filter Calculates a custom oscillator based on the highest high and lowest low over a chosen period. Generates BUY signals when the oscillator crosses up from the oversold zone and price is above the EMA. Generates SELL signals when the oscillator crosses down from the overbought zone and price is below the EMA. MACD (3‑10‑16 EMA Settings) Uses fast EMA = 3, slow EMA = 10, signal EMA = 16. Detects bullish and bearish crossovers. These crossovers only trigger a single unified buy/sell signal if they coincide with Stochastic RSI being in oversold (for buy) or overbought (for sell) zones. Stochastic RSI Standard calculation with %K and %D smoothing. Defines oversold (<20) and overbought (>80) zones. Used both for divergence detection and as a filter for MACD signals. Divergence Detection RSI Divergence: Price makes a lower low but RSI makes a higher low (bullish), or price makes a higher high but RSI makes a lower high (bearish). MACD Histogram Divergence: Price makes a lower low but MACD histogram makes a higher low (bullish), or price makes a higher high but MACD histogram makes a lower high (bearish). Stochastic RSI Divergence: Similar logic applied to %K line. Divergences are flagged only once per pivot to avoid repetitive signals. Visuals EMA plotted on chart. BUY/SELL signals shown as triangles above/below bars. Divergences shown as labels (e.g., “RSI BullDiv”, “MACD BearDiv”). Unified MACD+Stoch RSI signals shown in distinct colors (lime for buy, orange for sell).
Indicatore Pine Script®
di hakantugurlu77
MACD + StochasticMACD + Stochastic 14 Scenarios - Complete Signal Analysis Combines MACD and Stochastic Oscillator to identify 14 different market scenarios based on crossover timing and indicator positioning. 🎯 Signal Strength Classification: • STRONG (⭐⭐⭐⭐⭐): Both indicators cross together - highest confidence • MODERATE (⭐⭐⭐⭐): One crosses while other confirms - good confidence • WEAK (⭐⭐): Conflicting signals - low confidence 📊 Visual Features: ✓ Color-coded shapes on chart (triangles, circles, X marks) ✓ Scenario labels (1-16, excluding 12 & 14) ✓ Real-time info table showing current status ✓ Customizable signal display (show/hide by strength) ✓ Built-in alerts for all signal types Perfect for swing traders and position traders looking for high-probability entries with dual indicator confirmation. Use on daily timeframe for best results. Includes toggleable display options for strong, moderate, and weak signals.
Indicatore Pine Script®
di Sakett_Guptaa
Hyper Strength Index | QuantLapse🧠 Hyper Strength Index (HSI) | QuantLapse Overview: The Hyper Strength Index (HSI) is a composite momentum oscillator designed to unify multiple strength measures into a single, adaptive framework. It combines the Relative Strength Index (RSI), Chande Momentum Oscillator (CMO), Money Flow Index (MFI), and Stochastic RSI to deliver a refined, multidimensional view of market momentum and overbought/oversold conditions. Unlike traditional oscillators that rely on a single formula, the HSI averages four distinct momentum perspectives — price velocity, directional conviction, volume participation, and stochastic behavior — offering traders a more balanced and noise-resistant reading of market strength. ⚙️ Calculation Logic: The Hyper Strength Index is computed as the normalized average of: 📈 RSI — classic measure of relative momentum. 💪 CMO — captures directional bias and intensity of moves. 💵 MFI — integrates volume and money flow pressure. 🔄 Stochastic RSI (K-line) — identifies momentum extremes and short-term turning points. This fusion creates a smoother, more comprehensive signal, mitigating the weaknesses of any single oscillator. 🎯 Interpretation: Overbought Zone (Default: > 75): Indicates potential exhaustion of bullish momentum — a cooling phase or reversal may follow. Oversold Zone (Default: < 7): Suggests bearish exhaustion — a rebound or accumulation phase may emerge. Neutral Zone (Between 7 and 75): Represents balanced market conditions or trend continuation phases. Visual cues highlight key conditions: 🔺 Red Highlights — Overbought regions or downward inflection points. 🔻 Green Highlights — Oversold regions or upward inflection points. Neutral zones are shaded with subtle gray backgrounds for clarity. 💡 Key Features: 🔹 Multi-factor strength analysis (RSI + CMO + MFI + StochRSI). 🔹 Adaptive overbought/oversold detection. 🔹 Visual alerts via colored backgrounds and bar markers. 🔹 Customizable smoothing and length parameters for fine-tuning sensitivity. 🔹 Intuitive visualization ideal for both short-term scalping and swing trading setups. 🧭 Usage Notes: Works best as a momentum confirmation tool — pair with trend filters like EMA, SuperTrend, or ADX. In trending markets, use crossovers from extreme zones as potential continuation or exhaustion signals. In ranging markets, exploit overbought/oversold reversals for high-probability mean reversion trades. 📘 Summary: The Hyper Strength Index | QuantLapse distills multiple dimensions of market strength into a single, cohesive oscillator. By merging price, volume, and directional momentum, it provides traders with a more robust, responsive, and context-aware perspective on market dynamics — a next-generation evolution beyond the limitations of RSI or CMO alone.
Indicatore Pine Script®
di QuantLapse
REMS Synergy OverlayThis 3rd generation REMS indicator builds upon the foundations assessing the relationships between RSI, EMAs, MACDs, and Stochastic RSI across multiple timeframes. Designed to help traders identify less frequent, but high probability entries across 2 time frames. Uses 3 levels of confluence indicators for both long and short moves. Confluence Level 1 (Highest Conviction): Evaluates selected criteria across both timeframes. All selected criteria must be in confluence to trigger signal. Confluence Level 2 (Moderate Conviction): Selected criteria can be selected by each timeframe individually. All selected criteria must be in confluence to trigger signal. Confluence Level 3 (Lower/supportive confluence): Of the selected criteria, this level can evaluate a set number of conditions that must be met. Number of conditions is user-defined. Includes VWAP and 4 EMAs as optional visual representations. Includes 'Enhanced Candles' than can colour code candlesticks for better visual identification. (off by default) Originally designed with 5 minute and 2 minute timeframes in mind, and pairs well with REMS First Strike and/or REMS Snap Shot indicators. Values coded below: RSI -Primary: Length = 14, Smoothing = 20 (via SMA) -Secondary: Length = 7, Smoothing = 20 (via SMA) Stochastic RSI Primary: -RSI Length = 14 -Stochastic Length = 8 -%K = 3, %D = 3 Secondary: -RSI Length = 7 -Stochastic Length = 7 -%K = 3, %D = 2 MACD - applied to both timeframes -Fast = 12, Slow = 26, Signal = 9
Indicatore Pine Script®
di KodiakMarket
Stoch + RSI DashboardIndicator Description MTF Stochastic + RSI Dashboard FLEX with STRONG Alerts A compact, multi-timeframe dashboard that shows Stochastic %K/%D, RSI and signal states across user-defined timeframes. Columns can be toggled on/off to keep the panel as small as you need. Signal texts and colors are fully customizable. The table can be placed in any chart corner, and the background color & opacity are adjustable for perfect readability. What it shows • For each selected timeframe: %K, %D, a signal cell (Bullish/Bearish/Strong), RSI value, and RSI state (Overbought/Oversold/Neutral). • Timeframes are displayed as friendly labels (e.g., 60 → 1h, W → 1w, 3D → 3d). Signals & logic • Bullish/Bearish when %K and %D show a sufficient gap (or an optional confirmed cross). • Strong Bullish when both %K and %D are below the “Strong Bullish max” threshold. • Strong Bearish when both %K and %D are above the “Strong Bearish min” threshold. • Optional confirmation: RSI < 30 for Strong Bullish, RSI > 70 for Strong Bearish. Alerts • Global alerts for any selected timeframes when a STRONG BULLISH or STRONG BEARISH event occurs. Key options • Column visibility toggles (TF, %K, %D, Signal, RSI, RSI Status). • Custom signal texts & colors. • Dashboard position: top-left / top-right / bottom-left / bottom-right. • Table background color + opacity (0 = opaque, 100 = fully transparent). • Sensitivity (minimum %K–%D gap) and optional “cross-only” mode. • Customizable timeframes for display and for alerts. Default settings • Stochastic: K=5, D=3, SmoothK=3 • RSI length: 14 • Decimals: 1 • Strong Bullish max: 20 • Strong Bearish min: 80 • Default TFs & alerts: 3m, 15m, 1h, 3h, 6h, 12h, 1d, 3d, 1w
Indicatore Pine Script®
di Nachbar
1
Stochastic Money Flow IndexThe Stochastic Money Flow Index (or Stochastic MFI ), is a variation of the classic Stochastic RSI that uses the Money Flow Index (MFI) rather than the Relative Strength Index (RSI) in its calculation. While the RSI focuses solely on price momentum, the MFI is a volume-weighted indicator, meaning it incorporates both price and volume data. The Stochastic MFI is intended to provide a more precise and sensitive reading of the MFI by measuring the level of the MFI relative to its range over a specific period. Settings Stochastic Settings %K Length : The number of periods used to calculate the Stochastic. (Default: 14) %K Smoothing : The SMA length used to 'smooth' the %K line. (Default: 3) %D Smoothing : The SMA length used to 'smooth' the %D line. (Default: 1) Money Flow Index Settings MFI Length : The number of periods used to calculate the Money Flow Index. (Default: 14) MFI Source : The source used to calculate the Money Flow Index. (Default: close) Additional Settings Show Overbought/Oversold Gradients? : Toggle the display of overbought/oversold gradients. (Default: true)
Indicatore Pine Script®
di iambrennanwalsh
Stochastic SuperTrend [BigBeluga]🔵 OVERVIEW A hybrid momentum-trend tool that combines Stochastic RSI with SuperTrend logic to deliver clean directional signals based on momentum turns. Stochastic SuperTrend is a straightforward yet powerful oscillator overlay designed to highlight turning points in momentum with high clarity. It overlays a SuperTrend-style envelope onto the Stochastic RSI, generating intuitive up/down signals when a momentum shift occurs across the neutral 50 level. Built for traders who appreciate simplicity without sacrificing reliability. 🔵 CONCEPTS Stochastic RSI: Measures momentum by applying stochastic calculations to the RSI curve instead of raw price. SuperTrend Bands: Dynamic upper/lower bands are drawn around the smoothed Stoch RSI line using a user-defined multiplier. Momentum Direction: Trend flips when the smoothed Stoch RSI crosses above/below the calculated bands. Neutral Bias Filter: Directional arrows only appear when momentum turns above or below the central 50 level—adding confluence. 🔵 FEATURES Trend Detection on Oscillator: Applies SuperTrend logic directly to the Stoch RSI curve. Clean Entry Signals: → 🢁 arrow printed when trend flips bullish below 50 (bottom reversals). → 🢃 arrow printed when trend flips bearish above 50 (top reversals). Custom Multiplier: Adjust sensitivity of SuperTrend band spacing around the oscillator. Neutral Zone Highlight: Visual zone between 0–50 (green) and 50–100 (red) for quick momentum polarity reference. Toggle SuperTrend Line: Option to show/hide the SuperTrend trail on the Stoch RSI. 🔵 HOW TO USE Use 🢁 signals for potential bottom reversals when momentum flips bullish from oversold regions. Use 🢃 signals for potential top reversals when momentum flips bearish from overbought areas. Combine with price-based SuperTrend or support/resistance zones for confluence. Suitable for scalping, swing trading, or momentum filtering across all timeframes. 🔵 CONCLUSION Stochastic SuperTrend is a simple yet refined tool that captures clean momentum shifts with directional clarity. Whether you're identifying reversals, filtering entries, or spotting exhaustion in a trend, this oscillator overlay delivers just what you need— no clutter, just clean momentum structure.
Indicatore Pine Script®
di BigBeluga
4
Stochastic and RSI2 entriesStochastic and RSI2 entries, v1.0 This indicator combines Stochastic and RSI to facilitate "RSI2" entry signals. Buy signals will be shown at the bottom. The default configuration uses non-standard settings for the underlying indicators to tailor it for this type of entry strategy. This is an entry strategy that tries to find entries close to "the dip". A combination of Stochastic crossovers, VWAP, daily SMA50 and daily SMA200 are used to verify buy signals. This indicator is written for bullish signals and aims to find the start of short trends or cheap entries for longer positions. Like with any strategy, some signals will be false, and the user is advised to do some own research before using the buy signals for actual entries. Happy trading!
Indicatore Pine Script®
di infoq1suh
Oath KeeperOath Keeper - Advanced Money Flow & Market Dynamics Indicator A sophisticated indicator that analyzes market dynamics through money flow patterns, volume analysis, and liquidation detection to identify high-probability trading opportunities. Core Features: • Smart Money Flow Analysis: Proprietary calculation of institutional money movement • Volume-Enhanced Signals: Multi-timeframe volume confirmation • Liquidation Detection: Identifies potential forced liquidation events • Advanced Signal Classification: Regular, Super, and Fakeout signals Signal Types: 1. Regular Signals (Green/Purple Circles) • Volume-confirmed momentum shifts • Money flow threshold breaches • Institutional participation confirmation 2. Super Signals (Green/Purple Squares) • Deep oversold/overbought reversals • High-volume rejection patterns • Liquidation event confirmation 3. Fakeout Signals (Red X) • Rapid sentiment shifts • Trap detection • False breakout warnings Visual Components: • Dynamic Money Flow Line (White/Purple) • Order Flow Clouds (Green/Red with high transparency) • Reference Levels (20, 50, 80) • Multi-type Signal Markers • Color-coded momentum visualization Interpretation Guide: • Green Cloud: Bullish money flow dominance • Red Cloud: Bearish money flow dominance • Circle Markers: Standard reversals • Square Markers: High-conviction moves • X Markers: Potential trap zones Best Practices: • Most effective on 1H+ timeframes • Use with major trading pairs • Wait for candle close confirmation • Combine with support/resistance levels • Monitor volume confirmation • Use multiple timeframe analysis This indicator helps traders identify institutional money flow, potential liquidation events, and market reversals by analyzing volume patterns and money flow dynamics, providing multiple confirmation layers for trade decisions. Note: Performance varies with market conditions and timeframes. Always employ proper risk management.
Indicatore Pine Script®
di RickyTSpanish
Triple SRSI-MFI Ⅲ - Multi TimeframeTriple SRSI-MFI Ⅲ - Multi Timeframe Indicator Description The Triple SRSI-MFI Ⅲ - Multi Timeframe indicator is a powerful tool designed to combine Stochastic RSI (SRSI) and Money Flow Index (MFI) across multiple timeframes (higher, current, and lower). It provides a comprehensive view of market momentum and potential overbought/oversold conditions by calculating a weighted hybrid of SRSI-MFI values from three different timeframes. The indicator also integrates Bollinger Bands to help identify trend direction and volatility. This indicator is ideal for traders who want to analyze market conditions across multiple timeframes without switching charts. It automatically adjusts settings based on the current timeframe and includes a dynamic weighting system optimized for Bitcoin volatility. Additionally, a real-time information panel displays the market state (buy/sell) and signal strength. Key Features Multi-Timeframe Analysis: Combines SRSI-MFI from higher, current, and lower timeframes for a holistic view. Dynamic Weighting: Automatically adjusts weights for each timeframe based on Bitcoin volatility, with an option for manual customization. Bollinger Bands Integration: Visualizes trend direction and volatility using Bollinger Bands, with customizable source selection. Real-Time Info Panel: Displays market state (buy/sell) and signal strength (%) in the top-right corner of the chart. Customizable Settings: Allows users to tweak MFI source, Bollinger Bands parameters, and visibility of individual components. How to Use Add to Chart: Add the "Triple SRSI-MFI Ⅲ - Multi Timeframe" indicator to your chart. Interpret Signals: Market State (Buy/Sell): Shown in the info panel. "Buy" when the average SRSI-MFI is above the Bollinger Bands basis, "Sell" when below. Strength (%): The relative position of the average SRSI-MFI within the Bollinger Bands, scaled from 0% to 100%. Overbought/Oversold Levels: The indicator plots horizontal lines at 80 (overbought) and 20 (oversold). Use these as potential reversal zones. Combine with Price Action: Use the indicator in conjunction with price action or other tools for better decision-making. Adjust Settings: Customize the settings (e.g., Bollinger Bands length, weights, visibility) to match your trading style. Settings MFI Source: Select the source for MFI calculation (default: "hlc3"). Options include "close", "open", "high", "low", "hl2", "hlc3", "ohlc4". Bollinger Bands: Length: Period for Bollinger Bands calculation (default: 20). Multiplier: Standard deviation multiplier for the bands (default: 2.0). Source: Choose which SRSI-MFI value to use for Bollinger Bands ("averageHybrid", "hybrid_higher", "hybrid_current", "hybrid_lower"; default: "hybrid_higher"). Weights: Auto Weight Enabled: Enable/disable automatic weights based on Bitcoin volatility (default: true). Higher/Current/Lower Weights: Manually set weights for each timeframe if auto-weight is disabled (defaults: 1.5, 1.0, 0.5). Indicator On/Off: Toggle visibility for Higher SRSI-MFI, Current SRSI-MFI, Lower SRSI-MFI, Average SRSI-MFI, and Bollinger Bands. How It Works SRSI-MFI Calculation: Stochastic RSI (SRSI) and Money Flow Index (MFI) are calculated for three timeframes: higher, current, and lower. The hybrid value (SRSI * (MFI / 100)) is computed for each timeframe. Weighted Average: The hybrid values are combined into a weighted average (averageHybrid) using dynamic or manual weights. Bollinger Bands: Bollinger Bands are applied to the selected source (e.g., hybrid_higher) to identify trend direction and volatility. Relative Position: The position of averageHybrid within the Bollinger Bands is scaled to a percentage (0% to 100%) for strength assessment. Visualization: Plots individual SRSI-MFI lines, Bollinger Bands, and overbought/oversold levels. A real-time info panel provides market state and signal strength. Notes This indicator is best used as part of a broader trading strategy. It is not a standalone signal generator and should be combined with other forms of analysis. The automatic weights are optimized for Bitcoin (BTC) volatility. For other assets, you may need to adjust the weights manually. The indicator may require sufficient historical data to calculate higher and lower timeframe values accurately.
Indicatore Pine Script®
di illbecmo
Multi-Timeframe Stochastic RSI ArrowsMulti-Timeframe Stochastic RSI Arrows Indicator by The Venetian Dear Moderators before you torch me alive theres nothing groundbreaking just very handy indicator for some users. This indicator provides traders with a jet fighter-style heads-up display for market momentum across multiple timeframes. By displaying Stochastic RSI directional arrows for 12 different timeframes simultaneously, it offers a comprehensive view of market conditions without requiring multiple chart windows. How It Works The indicator calculates the Stochastic RSI for each of 12 common timeframes (1m to 3M) and represents directional movements with intuitive arrows: - ▲ Green up arrow = Rising momentum - ▼ Red down arrow = Falling momentum - ◄► Yellow horizontal arrows = Flat/sideways momentum - ► Gray right arrow = Just peaked (crossed above overbought) - ◄ Gray left arrow = Just bottomed (crossed below oversold) Each timeframe's status appears with its label (e.g., "1m ▲") in a clean, vertically-stacked display using ATR-based spacing to maintain consistent visual appearance regardless of price scale. Key Features - ATR-Based Spacing : Uses Average True Range to maintain consistent distances between labels even as chart scale changes - Multi-Timeframe Analysis: Easily spot divergences and confluences across timeframes (1m, 3m, 5m, 15m, 30m, 1h, 2h, 4h, 1D, 1W, 1M, 3M) - Sensitivity Control: Adjust flat detection sensitivity to filter out noise - Customisable Appearance: Modify arrow size, vertical spacing, and show/hide timeframe labels - Overbought/Oversold Detection: Highlights when momentum has peaked or bottomed at extreme levels - Trading Applications - Trend Alignment: Quickly identify when multiple timeframes align in the same direction - Divergence Detection: Spot when shorter timeframes begin to shift against longer ones - Entry/Exit Timing: Use crossovers of significant timeframes as potential signals - Market Context: Maintain awareness of the bigger picture while trading shorter timeframes This indicator doesn't break new ground technically but excels in presenting complex multi-timeframe information in a clean, actionable format — much like a pilot's heads-up display provides critical information at a glance. The ATR-based positioning ensures consistent visibility across different instruments and market conditions. Great effort has been made for this script to adhere to TradingView's Pine Script house rules and focuses on trader usability rather than introducing novel technical concepts.
Indicatore Pine Script®
di The_Venetian
1
Averaged Stochastic RSI by TenozenSimplicity beats everything! Averaged Stochastic RSi is calculated using the 2 points of stochastic of the RSI, where the difference is by 2 (larger), and averaged out the stochastic's values. In result it is less noisy and more responsive towards the market's momentum. I hope you guys find this indicator useful! So far this is the best indicator I ever had! And I also learned that simplicity is better than complex blurry/abstract problems. Ciao!
Indicatore Pine Script®
di Tenozen
1
WaveTrend With Divs & RSI(STOCH) Divs by WeloTradesWaveTrend with Divergences & RSI(STOCH) Divergences by WeloTrades Overview The "WaveTrend With Divergences & RSI(STOCH) Divergences" is an advanced Pine Script™ indicator designed for TradingView, offering a multi-dimensional analysis of market conditions. This script integrates several technical indicators—WaveTrend, Money Flow Index (MFI), RSI, and Stochastic RSI—into a cohesive tool that identifies both regular and hidden divergences across these indicators. These divergences can indicate potential market reversals and provide critical trading opportunities. This indicator is not just a simple combination of popular tools; it offers extensive customization options, organized data presentation, and valuable trading signals that are easy to interpret. Whether you're a day trader or a long-term investor, this script enhances your ability to make informed decisions. Originality and Usefulness The originality of this script lies in its integration and the synergy it creates among the indicators used. Rather than merely combining multiple indicators, this script allows them to work together, enhancing each other's strengths. For example, by identifying divergences across WaveTrend, RSI, and Stochastic RSI simultaneously, the script provides multiple layers of confirmation, which reduces the likelihood of false signals and increases the reliability of trading signals. The usefulness of this script is apparent in its ability to offer a consolidated view of market dynamics. It not only simplifies the analytical process by combining different indicators but also provides deeper insights through its divergence detection features. This comprehensive approach is designed to help traders identify potential market reversals, confirm trends, and ultimately make more informed trading decisions. How the Components Work Together 1. Cross-Validation of Signals WaveTrend: This indicator is primarily used to identify overbought and oversold conditions, as well as potential buy and sell signals. WaveTrend's ability to smooth price data and reduce noise makes it a reliable tool for identifying trend reversals. RSI & Stochastic RSI: These momentum oscillators are used to measure the speed and change of price movements. While RSI identifies general overbought and oversold conditions, Stochastic RSI offers a more granular view by tracking the RSI’s level relative to its high-low range over a period of time. When these indicators align with WaveTrend signals, it adds a layer of confirmation that enhances the reliability of the signals. Money Flow Index (MFI): This volume-weighted indicator assesses the inflow and outflow of money in an asset, giving insights into buying and selling pressure. By analyzing the MFI alongside WaveTrend and RSI indicators, the script can cross-validate signals, ensuring that buy or sell signals are supported by actual market volume. Example Bullish scenario: When a bullish divergence is detected on the RSI and confirmed by a corresponding bullish signal on the WaveTrend, along with an increasing Money Flow Index, the probability of a successful trade setup increases. This cross-validation minimizes the risk of acting on false signals, which might occur when relying on a single indicator. Example Bearish scenario: When a bearish divergence is detected on the RSI and confirmed by a corresponding bearish signal on the WaveTrend, along with an decreasing Money Flow Index, the probability of a successful trade setup increases. This cross-validation minimizes the risk of acting on false signals, which might occur when relying on a single indicator. 2. Divergence Detection and Market Reversals Regular Divergences: Occur when the price action and an indicator (like RSI or WaveTrend) move in opposite directions. Regular bullish divergence signals a potential upward reversal when the price makes a lower low while the indicator makes a higher low. Conversely, regular bearish divergence suggests a downward reversal when the price makes a higher high, but the indicator makes a lower high. Hidden Divergences: These occur when the price action and indicator move in the same direction, but with different momentum. Hidden bullish divergence suggests the continuation of an uptrend, while hidden bearish divergence suggests the continuation of a downtrend. By detecting these divergences across multiple indicators, the script identifies potential trend reversals or continuations with greater accuracy. Example: The script might detect a regular bullish divergence on the WaveTrend while simultaneously identifying a hidden bullish divergence on the RSI. This combination suggests that while a trend reversal is possible, the overall market sentiment remains bullish, providing a nuanced view of the market. A Regular Bullish Divergence Example: A Hidden Bullish Divergence Example: A Regular Bearish Divergence Example: A Hidden Bearish Divergence Example: 3. Trend Strength and Sentiment Analysis WaveTrend: Measures the strength and direction of the trend. By identifying the extremes of market sentiment (overbought and oversold levels), WaveTrend provides early signals for potential reversals. Money Flow Index (MFI): Assesses the underlying sentiment by analyzing the flow of money. A rising MFI during an uptrend confirms strong buying pressure, while a falling MFI during a downtrend confirms selling pressure. This helps traders assess whether a trend is likely to continue or reverse. RSI & Stochastic RSI: Offer a momentum-based perspective on the trend’s strength. High RSI or Stochastic RSI values indicate that the asset may be overbought, suggesting a potential reversal. Conversely, low values indicate oversold conditions, signaling a possible upward reversal. Example: During a strong uptrend, the WaveTrend & RSI's might signal overbought conditions, suggesting caution. If the MFI also shows decreasing buying pressure and the RSI reaches extreme levels, these indicators together suggest that the trend might be weakening, and a reversal could be imminent. Example: During a strong downtrend, the WaveTrend & RSI's might signal oversold conditions, suggesting caution. If the MFI also shows increasing buying pressure and the RSI reaches extreme levels, these indicators together suggest that the trend might be weakening, and a reversal could be imminent. Conclusion The "WaveTrend With Divergences & RSI(STOCH) Divergences" script offers a powerful, integrated approach to technical analysis by combining trend, momentum, and sentiment indicators into a single tool. Its unique value lies in the cross-validation of signals, the ability to detect divergences, and the comprehensive view it provides of market conditions. By offering traders multiple layers of analysis and customization options, this script is designed to enhance trading decisions, reduce false signals, and provide clearer insights into market dynamics. WAVETREND Display of WaveTrend: Display of WaveTrend Setting: WaveTrend Indicator Explanation The WaveTrend indicator helps identify overbought and oversold conditions, as well as potential buy and sell signals. Its flexibility allows traders to adapt it to various strategies, making it a versatile tool in technical analysis. WaveTrend Input Settings: WT MA Source: Default: HLC3 What it is: The data source used for calculating the WaveTrend Moving Average. What it does: Determines the input data to smooth price action and filter noise. Example: Using HLC3 (average of High, Low, Close) provides a smoother data representation compared to using just the closing price. Length (WT MA Length): Default: 3 What it is: The period used to calculate the Moving Average. What it does: Adjusts the sensitivity of the WaveTrend indicator, where shorter lengths respond more quickly to price changes. Example: A length of 3 is ideal for short-term analysis, providing quick reactions to price movements. WT Channel Length & Average: Default: WT Channel Length = 9, Average = 12 What it is: Lengths used to calculate the WaveTrend channel and its average. What it does: Smooths out the WaveTrend further, reducing false signals by averaging over a set period. Example: Higher values reduce noise and help in identifying more reliable trends. Channel: Style, Width, and Color: What it is: Customization options for the WaveTrend channel's appearance. What it does: Adjusts how the channel is displayed, including line style, width, and color. Example: Choosing an area style with a distinct color can make the WaveTrend indicator clearly visible on the chart. WT Buy & Sell Signals: What it is: Settings to enable and customize buy and sell signals based on WaveTrend. What it does: Allows for the display of buy/sell signals and customization of their shapes and colors. When it gives a Buy Signal: Generated when the WaveTrend line crosses below an oversold level and then rises back, indicating a potential upward price movement. When it gives a Sell Signal: Triggered when the WaveTrend line crosses above an overbought level and then declines, suggesting a possible downward trend. Example: The script identifies these signals based on mean reversion principles, where prices tend to revert to the mean after reaching extremes. Traders can use these signals to time their entries and exits effectively. WAVETREND OVERBOUGTH AND OVERSOLD LEVELS Display of WaveTrend with Overbought & Oversold Levels: Display of WaveTrend Overbought & Oversold Levels Settings: WaveTrend Overbought & Oversold Levels Explanation WT OB & OS Levels: Default: OB Level 1 = 53, OB Level 2 = 60, OS Level 1 = -53, OS Level 2 = -60 What it is: The default overbought and oversold levels used by the WaveTrend indicator to signal potential market reversals. What it does: When the WaveTrend crosses above the OB levels, it indicates an overbought condition, potentially signaling a reversal or selling opportunity. Conversely, when it crosses below the OS levels, it indicates an oversold condition, potentially signaling a reversal or buying opportunity. Example: A trader might use these levels to time entry or exit points, such as selling when the WaveTrend crosses into the overbought zone or buying when it crosses into the oversold zone. Show OB/OS Levels: Default: True What it is: Toggle options to show or hide the overbought and oversold levels on your chart. What it does: When enabled, these levels will be visually represented on your chart, helping you to easily identify when the market reaches these critical thresholds. Example: Displaying these levels can help you quickly see when the WaveTrend is approaching or has crossed into overbought or oversold territory, allowing for more informed trading decisions. Line Style, Width, and Color for OB/OS Levels: What it is: Options to customize the appearance of the OB and OS levels on your chart, including line style (solid, dotted, dashed), line width, and color. What it does: These settings allow you to adjust how prominently these levels are displayed on your chart, which can help you better visualize and respond to overbought or oversold conditions. Example: Setting a thicker, dashed line in a contrasting color can make these levels stand out more clearly, aiding in quick visual identification. Example of Use: Scenario: A trader wants to identify potential selling points when the market is overbought. They set the OB levels at 53 and 60, choosing a solid, red line style to make these levels clear on their chart. As the WaveTrend crosses above 53, they monitor for further price action, and upon crossing 60, they consider initiating a sell order. WAVETREND DIVERGENCES Display of WaveTrend Divergence: Display of WaveTrend Divergence Setting: WaveTrend Divergence Indicator Explanation The WaveTrend Divergence feature helps identify potential reversal points in the market by highlighting divergences between the price and the WaveTrend indicator. Divergences can signal a shift in market momentum, indicating a possible trend reversal. This component allows traders to visualize and customize divergence detection on their charts. WaveTrend Divergence Input Settings: Potential Reversal Range: Default: 28 What it is: The number of bars to look back when detecting potential tops and bottoms. What it does: Sets the range for identifying possible reversal points based on historical data. Example: A setting of 28 looks back across the last 28 bars to find reversal points, offering a balance between responsiveness and reliability. Reversal Minimum LVL OB & OS: Default: OB = 35, OS = -35 What it is: The minimum overbought and oversold levels required for detecting potential reversals. What it does: Adjusts the thresholds that trigger a reversal signal based on the WaveTrend indicator. Example: A higher OB level reduces the sensitivity to overbought conditions, potentially filtering out false reversal signals. Lookback Bar Left & Right: Default: Left = 10, Right = 1 What it is: The number of bars to the left and right used to confirm a top or bottom. What it does: Helps determine the position of peaks and troughs in the price action. Example: A larger left lookback captures more extended price action before the peak, while a smaller right lookback focuses on the immediate past. Lookback Range Min & Max: Default: Min = 5, Max = 60 What it is: The minimum and maximum range for the lookback period when identifying divergences. What it does: Fine-tunes the detection of divergences by controlling the range over which the indicator looks back. Example: A wider range increases the chances of detecting divergences across different market conditions. R.Div Minimum LVL OB & OS: Default: OB = 53, OS = -53 What it is: The threshold levels for detecting regular divergences. What it does: Adjusts the sensitivity of the regular divergence detection. Example: Higher thresholds make the detection more conservative, identifying only stronger divergence signals. H.Div Minimum LVL OB & OS: Default: OB = 20, OS = -20 What it is: The threshold levels for detecting hidden divergences. What it does: Similar to regular divergence settings but for hidden divergences, which can indicate potential reversals that are less obvious. Example: Lower thresholds make the hidden divergence detection more sensitive, capturing subtler market shifts. Divergence Label Options: What it is: Options to display and customize labels for regular and hidden divergences. What it does: Allows users to visually differentiate between regular and hidden divergences using customizable labels and colors. Example: Using different colors and symbols for regular (R) and hidden (H) divergences makes it easier to interpret signals on the chart. Text Size and Color: What it is: Customization options for the size and color of divergence labels. What it does: Adjusts the readability and visibility of divergence labels on the chart. Example: Larger text size may be preferred for charts with a lot of data, ensuring divergence labels stand out clearly. FAST & SLOW MONEY FLOW INDEX Display of Fast & Slow Money Flow: Display of Fast & Slow Money Flow Setting: Fast Money Flow Indicator Explanation The Fast Money Flow indicator helps traders identify the flow of money into and out of an asset over a shorter time frame. By tracking the volume-weighted average of price movements, it provides insights into buying and selling pressure in the market, which can be crucial for making timely trading decisions. Fast Money Flow Input Settings: Fast Money Flow: Length: Default: 9 What it is: The period used for calculating the Fast Money Flow. What it does: Determines the sensitivity of the Money Flow calculation. A shorter length makes the indicator more responsive to recent price changes, while a longer length provides a smoother signal. Example: A length of 9 is suitable for traders looking to capture quick shifts in market sentiment over a short period. Fast MFI Area Multiplier: Default: 5 What it is: A multiplier applied to the Money Flow area calculation. What it does: Adjusts the size of the Money Flow area on the chart, effectively amplifying or reducing the visual impact of the indicator. Example: A higher multiplier can make the Money Flow more prominent on the chart, aiding in the quick identification of significant money flow changes. Y Position (Y Pos): Default: 0 What it is: The vertical position adjustment for the Fast Money Flow plot on the chart. What it does: Allows you to move the Money Flow plot up or down on the chart to avoid overlap with other indicators. Example: Adjusting the Y Position can be useful if you have multiple indicators on the chart and need to maintain clarity. Fast MFI Style, Width, and Color: What it is: Customization options for how the Fast Money Flow is displayed on the chart. What it does: Enables you to choose between different plot styles (line or area), set the line width, and select colors for positive and negative money flow. Example: Using different colors for positive (green) and negative (red) money flow helps to visually distinguish between periods of buying and selling pressure. Slow Money Flow Indicator Explanation The Slow Money Flow indicator tracks the flow of money into and out of an asset over a longer time frame. It provides a broader perspective on market sentiment, smoothing out short-term fluctuations and highlighting longer-term trends. Slow Money Flow Input Settings: Slow Money Flow: Length: Default: 12 What it is: The period used for calculating the Slow Money Flow. What it does: A longer period smooths out short-term fluctuations, providing a clearer view of the overall money flow trend. Example: A length of 12 is often used by traders looking to identify sustained trends rather than short-term volatility. Slow MFI Area Multiplier: Default: 5 What it is: A multiplier applied to the Slow Money Flow area calculation. What it does: Adjusts the size of the Money Flow area on the chart, helping to emphasize the indicator’s significance. Example: Increasing the multiplier can help highlight the Money Flow in markets with less volatile price action. Y Position (Y Pos): Default: 0 What it is: The vertical position adjustment for the Slow Money Flow plot on the chart. What it does: Allows for vertical repositioning of the Money Flow plot to maintain chart clarity when used with other indicators. Example: Adjusting the Y Position ensures that the Slow Money Flow indicator does not overlap with other key indicators on the chart. Slow MFI Style, Width, and Color: What it is: Customization options for the visual display of the Slow Money Flow on the chart. What it does: Allows you to choose the plot style (line or area), set the line width, and select colors to differentiate positive and negative money flow. Example: Customizing the colors for the Slow Money Flow allows traders to quickly distinguish between buying and selling trends in the market. RSI Display of RSI: Display of RSI Setting: RSI Indicator Explanation The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in the market, providing traders with potential signals for buying or selling. RSI Input Settings: RSI Source: Default: Close What it is: The data source used for calculating the RSI. What it does: Determines which price data (e.g., close, open) is used in the RSI calculation, affecting how the indicator reflects market conditions. Example: Using the closing price is standard practice, as it reflects the final agreed-upon price for a given time period. MA Type (Moving Average Type): Default: SMA What it is: The type of moving average applied to the RSI for smoothing purposes. What it does: Changes the smoothing technique of the RSI, impacting how quickly the indicator responds to price movements. Example: Using an Exponential Moving Average (EMA) will make the RSI more sensitive to recent price changes compared to a Simple Moving Average (SMA). RSI Length: Default: 14 What it is: The period over which the RSI is calculated. What it does: Adjusts the sensitivity of the RSI. A shorter length (e.g., 7) makes the RSI more responsive to recent price changes, while a longer length (e.g., 21) smooths out the indicator, reducing the number of signals. Example: A 14-period RSI is commonly used for identifying overbought and oversold conditions, providing a balance between sensitivity and reliability. RSI Plot Style, Width, and Color: What it is: Options to customize the appearance of the RSI line on the chart. What it does: Allows you to adjust the visual representation of the RSI, including the line width and color. Example: Setting a thicker line width and a bright color like yellow can make the RSI more visible on the chart, aiding in quick analysis. Display of RSI with RSI Moving Average: RSI Moving Average Explanation The RSI Moving Average adds a smoothing layer to the RSI, helping to filter out noise and provide clearer signals. It is particularly useful for confirming trend strength and identifying potential reversals. RSI Moving Average Input Settings: MA Length: Default: 14 What it is: The period over which the Moving Average is calculated on the RSI. What it does: Adjusts the smoothing of the RSI, helping to reduce false signals and provide a clearer trend indication. Example: A 14-period moving average on the RSI can smooth out short-term fluctuations, making it easier to spot genuine overbought or oversold conditions. MA Plot Style, Width, and Color: What it is: Customization options for how the RSI Moving Average is displayed on the chart. What it does: Allows you to adjust the line width and color, helping to differentiate the Moving Average from the main RSI line. Example: Using a contrasting color for the RSI Moving Average (e.g., magenta) can help it stand out against the main RSI line, making it easier to interpret the indicator. STOCHASTIC RSI Display of Stochastic RSI: Display of Stochastic RSI Setting: Stochastic RSI Indicator Explanation The Stochastic RSI (Stoch RSI) is a momentum oscillator that measures the level of the RSI relative to its high-low range over a set period of time. It is used to identify overbought and oversold conditions, providing potential buy and sell signals based on momentum shifts. Stochastic RSI Input Settings: Stochastic RSI Length: Default: 14 What it is: The period over which the Stochastic RSI is calculated. What it does: Adjusts the sensitivity of the Stochastic RSI. A shorter length makes the indicator more responsive to recent price changes, while a longer length smooths out the fluctuations, reducing noise. Example: A length of 14 is commonly used to identify momentum shifts over a medium-term period, providing a balanced view of potential overbought or oversold conditions. Display of Stochastic RSI %K Line: Stochastic RSI %K Line Explanation The %K line in the Stochastic RSI is the main line that tracks the momentum of the RSI over the chosen period. It is the faster-moving component of the Stochastic RSI, often used to identify entry and exit points. Stochastic RSI %K Input Settings: %K Length: Default: 3 What it is: The period used for smoothing the %K line of the Stochastic RSI. What it does: Smoothing the %K line helps reduce noise and provides a clearer signal for potential market reversals. Example: A smoothing length of 3 is common, offering a balance between responsiveness and noise reduction, making it easier to spot significant momentum shifts. %K Plot Style, Width, and Color: What it is: Customization options for the visual representation of the %K line. What it does: Allows you to adjust the appearance of the %K line on the chart, including line width and color, to fit your visual preferences. Example: Setting a blue color and a medium width for the %K line makes it stand out clearly on the chart, helping to identify key points of momentum change. %K Fill Color (Above): What it is: The fill color that appears above the %K line on the chart. What it does: Adds visual clarity by shading the area above the %K line, making it easier to interpret the direction and strength of momentum. Example: Using a light blue fill color above the %K line can help emphasize bullish momentum, making it visually prominent. Display of Stochastic RSI %D Line: Stochastic RSI %D Line Explanation The %D line in the Stochastic RSI is a moving average of the %K line and acts as a signal line. It is slower-moving compared to the %K line and is often used to confirm signals or identify potential reversals when it crosses the %K line. Stochastic RSI %D Input Settings: %D Length: Default: 3 What it is: The period used for smoothing the %D line of the Stochastic RSI. What it does: Smooths out the %D line, making it less sensitive to short-term fluctuations and more reliable for identifying significant market signals. Example: A length of 3 is often used to provide a smoothed signal line that can help confirm trends or reversals indicated by the %K line. %D Plot Style, Width, and Color: What it is: Customization options for the visual representation of the %D line. What it does: Allows you to adjust the appearance of the %D line on the chart, including line width and color, to match your preferences. Example: Setting an orange color and a thicker line width for the %D line can help differentiate it from the %K line, making crossover points easier to spot. %D Fill Color (Below): What it is: The fill color that appears below the %D line on the chart. What it does: Adds visual clarity by shading the area below the %D line, making it easier to interpret bearish momentum. Example: Using a light orange fill color below the %D line can highlight bearish conditions, making it visually easier to identify. RSI & STOCHASTIC RSI OVERBOUGHT AND OVERSOLD LEVELS Display of RSI & Stochastic with Overbought & Oversold Levels: Display of RSI & Stochastic Overbought & Oversold Settings: RSI & Stochastic Overbought & Oversold Levels Explanation The Overbought (OB) and Oversold (OS) levels for RSI and Stochastic RSI indicators are key thresholds that help traders identify potential reversal points in the market. These levels are used to determine when an asset is likely overbought or oversold, which can signal a potential trend reversal. RSI & Stochastic Overbought & Oversold Input Settings: RSI & Stochastic Level 1 Overbought (OB) & Oversold (OS): Default: OB Level = 170, OS Level = 130 What it is: The first set of thresholds for determining overbought and oversold conditions for both RSI and Stochastic RSI indicators. What it does: When the RSI or Stochastic RSI crosses above the overbought level, it suggests that the asset might be overbought, potentially signaling a sell opportunity. Conversely, when these indicators drop below the oversold level, it suggests the asset might be oversold, potentially signaling a buy opportunity. Example: If the RSI crosses above 170, traders might look for signs of a potential trend reversal to the downside, while a cross below 130 might indicate a reversal to the upside. RSI & Stochastic Level 2 Overbought (OB) & Oversold (OS): Default: OB Level = 180, OS Level = 120 What it is: The second set of thresholds for determining overbought and oversold conditions for both RSI and Stochastic RSI indicators. What it does: These levels provide an additional set of reference points, allowing traders to differentiate between varying degrees of overbought and oversold conditions, potentially leading to more refined trading decisions. Example: When the RSI crosses above 180, it might indicate an extreme overbought condition, which could be a stronger signal for a sell, while a cross below 120 might indicate an extreme oversold condition, which could be a stronger signal for a buy. RSI & Stochastic Overbought (OB) Band Customization: OB Level 1: Width, Style, and Color: What it is: Customization options for the visual appearance of the first overbought band on the chart. What it does: Allows you to set the line width, style (solid, dotted, dashed), and color for the first overbought band, enhancing its visibility on the chart. Example: A dashed red line with medium width can clearly indicate the first overbought level, helping traders quickly identify when this threshold is crossed. OB Level 2: Width, Style, and Color: What it is: Customization options for the visual appearance of the second overbought band on the chart. What it does: Allows you to set the line width, style, and color for the second overbought band, providing a clear distinction from the first band. Example: A dashed red line with a slightly thicker width can represent a more significant overbought level, making it easier to differentiate from the first level. RSI & Stochastic Oversold (OS) Band Customization: OS Level 1: Width, Style, and Color: What it is: Customization options for the visual appearance of the first oversold band on the chart. What it does: Allows you to set the line width, style (solid, dotted, dashed), and color for the first oversold band, making it visually prominent. Example: A dashed green line with medium width can highlight the first oversold level, helping traders identify potential buying opportunities. OS Level 2: Width, Style, and Color: What it is: Customization options for the visual appearance of the second oversold band on the chart. What it does: Allows you to set the line width, style, and color for the second oversold band, providing an additional visual cue for extreme oversold conditions. Example: A dashed green line with a thicker width can represent a more significant oversold level, offering a stronger visual cue for potential buying opportunities. RSI DIVERGENCES Display of RSI Divergence Labels: Display of RSI Divergence Settings: RSI Divergence Lookback Explanation The RSI Divergence settings allow traders to customize the parameters for detecting divergences between the RSI (Relative Strength Index) and price action. Divergences occur when the price moves in the opposite direction to the RSI, potentially signaling a trend reversal. These settings help refine the accuracy of divergence detection by adjusting the lookback period and range. ( NOTE: This setting only imply to the RSI. This doesn't effect the STOCHASTIC RSI. ) RSI Divergence Lookback Input Settings: Lookback Left: Default: 10 What it is: The number of bars to look back from the current bar to detect a potential divergence. What it does: Defines the left-side lookback period for identifying pivot points in the RSI, which are used to spot divergences. A longer lookback period may capture more significant trends but could also miss shorter-term divergences. Example: A setting of 10 bars means the script will consider pivot points up to 10 bars before the current bar to check for divergence patterns. Lookback Right: Default: 1 What it is: The number of bars to look forward from the current bar to complete the divergence pattern. What it does: Defines the right-side lookback period for confirming a potential divergence. This setting helps ensure that the identified divergence is valid by allowing the script to check subsequent bars for confirmation. Example: A setting of 1 bar means the script will look at the next bar to confirm the divergence pattern, ensuring that the signal is reliable. Lookback Range Min: Default: 5 What it is: The minimum range of bars required to detect a valid divergence. What it does: Sets a lower bound on the range of bars considered for divergence detection. A lower minimum range might capture more frequent but possibly less significant divergences. Example: Setting the minimum range to 5 ensures that only divergences spanning at least 5 bars are considered, filtering out very short-term patterns. Lookback Range Max: Default: 60 What it is: The maximum range of bars within which a divergence can be detected. What it does: Sets an upper bound on the range of bars considered for divergence detection. A larger maximum range might capture more significant divergences but could also include less relevant long-term patterns. Example: Setting the maximum range to 60 bars allows the script to detect divergences over a longer timeframe, capturing more extended divergence patterns that could indicate major trend reversals. RSI Divergence Explanation RSI divergences occur when the RSI indicator and price action move in opposite directions, signaling potential trend reversals. This section of the settings allows traders to customize the appearance and detection of both regular and hidden bullish and bearish divergences. RSI Divergence Input Settings: R. Bullish Div Label: Default: True What it is: An option to display labels for regular bullish divergences. What it does: Enables or disables the visibility of labels that mark regular bullish divergences, where the price makes a lower low while the RSI makes a higher low, indicating a potential upward reversal. Example: A trader might use this to spot buying opportunities in a downtrend when a bullish divergence suggests the trend may be reversing. Bullish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of regular bullish divergence labels. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: Selecting a green label color and a distinct line width makes bullish divergences easily recognizable on your chart. R. Bearish Div Label: Default: True What it is: An option to display labels for regular bearish divergences. What it does: Enables or disables the visibility of labels that mark regular bearish divergences, where the price makes a higher high while the RSI makes a lower high, indicating a potential downward reversal. Example: A trader might use this to spot selling opportunities in an uptrend when a bearish divergence suggests the trend may be reversing. Bearish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of regular bearish divergence labels. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: Choosing a red label color and a specific line width makes bearish divergences clearly stand out on your chart. H. Bullish Div Label: Default: False What it is: An option to display labels for hidden bullish divergences. What it does: Enables or disables the visibility of labels that mark hidden bullish divergences, where the price makes a higher low while the RSI makes a lower low, indicating potential continuation of an uptrend. Example: A trader might use this to confirm an existing uptrend when a hidden bullish divergence signals continued buying strength. Hidden Bullish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of hidden bullish divergence labels. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: A softer green color with a thinner line width might be chosen to subtly indicate hidden bullish divergences, keeping the chart clean while providing useful information. H. Bearish Div Label: Default: False What it is: An option to display labels for hidden bearish divergences. What it does: Enables or disables the visibility of labels that mark hidden bearish divergences, where the price makes a lower high while the RSI makes a higher high, indicating potential continuation of a downtrend. Example: A trader might use this to confirm an existing downtrend when a hidden bearish divergence signals continued selling pressure. Hidden Bearish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of hidden bearish divergence labels. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: A muted red color with a thinner line width might be selected to indicate hidden bearish divergences without overwhelming the chart. Divergence Text Size and Color: Default: S (Small) What it is: Settings to adjust the size and color of text labels for RSI divergences. What it does: Allows you to customize the size and color of text labels that display the divergence information on the chart. Example: Choosing a small text size with a bright white color can make divergence labels easily readable without taking up too much space on the chart. STOCHASTIC DIVERGENCES Display of Stochastic RSI Divergence Labels: Display of Stochastic RSI Divergence Settings: Stochastic RSI Divergence Explanation Stochastic RSI divergences occur when the Stochastic RSI indicator and price action move in opposite directions, signaling potential trend reversals. These settings allow traders to customize the detection and visual representation of both regular and hidden bullish and bearish divergences in the Stochastic RSI. Stochastic RSI Divergence Input Settings: R. Bullish Div Label: Default: True What it is: An option to display labels for regular bullish divergences in the Stochastic RSI. What it does: Enables or disables the visibility of labels that mark regular bullish divergences, where the price makes a lower low while the Stochastic RSI makes a higher low, indicating a potential upward reversal. Example: A trader might use this to spot buying opportunities in a downtrend when a bullish divergence in the Stochastic RSI suggests the trend may be reversing. Bullish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of regular bullish divergence labels in the Stochastic RSI. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: Selecting a blue label color and a distinct line width makes bullish divergences in the Stochastic RSI easily recognizable on your chart. R. Bearish Div Label: Default: True What it is: An option to display labels for regular bearish divergences in the Stochastic RSI. What it does: Enables or disables the visibility of labels that mark regular bearish divergences, where the price makes a higher high while the Stochastic RSI makes a lower high, indicating a potential downward reversal. Example: A trader might use this to spot selling opportunities in an uptrend when a bearish divergence in the Stochastic RSI suggests the trend may be reversing. Bearish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of regular bearish divergence labels in the Stochastic RSI. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: Choosing an orange label color and a specific line width makes bearish divergences in the Stochastic RSI clearly stand out on your chart. H. Bullish Div Label: Default: False What it is: An option to display labels for hidden bullish divergences in the Stochastic RSI. What it does: Enables or disables the visibility of labels that mark hidden bullish divergences, where the price makes a higher low while the Stochastic RSI makes a lower low, indicating potential continuation of an uptrend. Example: A trader might use this to confirm an existing uptrend when a hidden bullish divergence in the Stochastic RSI signals continued buying strength. Hidden Bullish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of hidden bullish divergence labels in the Stochastic RSI. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: A softer blue color with a thinner line width might be chosen to subtly indicate hidden bullish divergences, keeping the chart clean while providing useful information. H. Bearish Div Label: Default: False What it is: An option to display labels for hidden bearish divergences in the Stochastic RSI. What it does: Enables or disables the visibility of labels that mark hidden bearish divergences, where the price makes a lower high while the Stochastic RSI makes a higher high, indicating potential continuation of a downtrend. Example: A trader might use this to confirm an existing downtrend when a hidden bearish divergence in the Stochastic RSI signals continued selling pressure. Hidden Bearish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of hidden bearish divergence labels in the Stochastic RSI. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: A muted orange color with a thinner line width might be selected to indicate hidden bearish divergences without overwhelming the chart. Divergence Text Size and Color: Default: S (Small) What it is: Settings to adjust the size and color of text labels for Stochastic RSI divergences. What it does: Allows you to customize the size and color of text labels that display the divergence information on the chart. Example: Choosing a small text size with a bright white color can make divergence labels easily readable without taking up too much space on the chart. Alert System: Custom Alerts for Divergences and Reversals: What it is: The script includes customizable alert conditions to notify you of detected divergences or potential reversals based on WaveTrend, RSI, and Stochastic RSI. What it does: Helps you stay informed of key market movements without constantly monitoring the charts, enabling timely decisions. Example: Setting an alert for regular bearish divergence on the WaveTrend could notify you of a potential sell opportunity as soon as it is detected. How to Use Alerts: Set up custom alerts in TradingView based on these conditions to be notified of potential trading opportunities. Alerts are triggered when the indicator detects conditions that match the selected criteria, such as divergences or potential reversals. By following the detailed guidelines and examples above, you can effectively use and customize this powerful indicator to suit your trading strategy. For further understanding and customization, refer to the input settings within the script and adjust them to match your trading style and preferences. How Components Work Together Synergy and Cross-Validation: The indicator combines multiple layers of analysis to validate trading signals. For example, a WaveTrend buy signal that coincides with a bullish divergence in RSI and positive fast money flow is likely to be more reliable than any single indicator’s signal. This cross-validation reduces the likelihood of false signals and enhances decision-making. Comprehensive Market Analysis: Each component plays a role in analyzing different aspects of the market. WaveTrend focuses on trend strength, Money Flow indicators assess market sentiment, while RSI and Stochastic RSI offer detailed views of price momentum and potential reversals. Ideal For Traders who require a reliable, multifaceted tool for detecting market trends and reversals. Investors seeking a deeper understanding of market dynamics across different timeframes and conditions, whether in forex, equities, or cryptocurrency markets. This script is designed to provide a comprehensive tool for technical analysis, combining multiple indicators and divergence detection into one versatile and customizable script. It is especially useful for traders who want to monitor various indicators simultaneously and look for convergence or divergence signals across different technical tools. Acknowledgements Special thanks to these amazing creators for inspiration and their creations: I want to thank these amazing creators for creating there amazing indicators , that inspired me and also gave me a head start by making this indicator! Without their amazing indicators it wouldn't be possible! vumanchu: VuManChu Cipher B Divergences. MisterMoTa: RSI + Divergences + Alerts . DevLucem: Plain Stochastic Divergence. Note This indicator is designed to be a powerful tool in your trading arsenal. However , it is essential to backtest and adjust the settings according to your trading strategy before applying it to live trading . If you have any questions or need further assistance, feel free to reach out.
Indicatore Pine Script®
di WeloTrades
4
Market Cipher B by WeloTradesMarket Cipher B by WeloTrades: Detailed Script Description //Overview// "Market Cipher B by WeloTrades" is an advanced trading tool that combines multiple technical indicators to provide a comprehensive market analysis framework. By integrating WaveTrend, RSI, and MoneyFlow indicators, this script helps traders to better identify market trends, potential reversals, and trading opportunities. The script is designed to offer a holistic view of the market by combining the strengths of these individual indicators. //Key Features and Originality// WaveTrend Analysis: WaveTrend Channel (WT1 and WT2): The core of this script is the WaveTrend indicator, which uses the smoothed average of typical price to identify overbought and oversold conditions. WT1 and WT2 are calculated to track market momentum and cyclical price movements. Major Divergences (🐮/🐻): The script detects and highlights major bullish and bearish divergences automatically, providing traders with visual cues for potential reversals. This helps in making informed decisions based on divergence patterns. Relative Strength Index (RSI): RSI Levels: RSI is used to measure the speed and change of price movements, with specific levels indicating overbought and oversold conditions. Customizable Levels: Users can configure the overbought and oversold thresholds, allowing for a tailored analysis based on individual trading strategies. MoneyFlow Indicator: Fast and Slow MoneyFlow: This indicator tracks the flow of capital into and out of the market, offering insights into the underlying market strength. It includes configurable periods and multipliers for both fast and slow MoneyFlow. Vertical Positioning: The script allows users to adjust the vertical position of MoneyFlow plots to maintain a clear and uncluttered chart. Stochastic RSI: Stochastic RSI Levels: This combines the RSI and Stochastic indicators to provide a momentum oscillator that is sensitive to price changes. It is used to identify overbought and oversold conditions within a specified period. Customizable Levels: Traders can set specific levels for more precise analysis. //How It Works// The script integrates these indicators through advanced algorithms, creating a synergistic effect that enhances market analysis. Here’s a detailed explanation of the underlying concepts and calculations: WaveTrend Indicator: Calculation: WaveTrend is based on the typical price (average of high, low, and close) smoothed over a specified channel length. WT1 and WT2 are derived from this typical price and further smoothed using the Average Channel Length. The difference between WT1 and WT2 indicates momentum, helping to identify cyclical market trends. RSI (Relative Strength Index): Calculation: RSI calculates the average gains and losses over a specified period to measure the speed and change of price movements. It oscillates between 0 and 100, with levels set to identify overbought (>70) and oversold (<30) conditions. MoneyFlow Indicator: Calculation: MoneyFlow is derived by multiplying price changes by volume and smoothing the results over specified periods. Fast MoneyFlow reacts quickly to price changes, while Slow MoneyFlow offers a broader view of capital movement trends. Stochastic RSI: Calculation: Stochastic RSI is computed by applying the Stochastic formula to RSI values, which highlights the RSI’s relative position within its range over a given period. This helps in identifying momentum shifts more precisely. //How to Use the Script// Display Settings: Users can enable or disable various components like WaveTrend OB & OS levels, MoneyFlow plots, and divergence alerts through checkboxes. Example: Turn on "Show Major Divergence" to see major bullish and bearish divergence signals directly on the chart. Adjust Channel Settings: Customize the data source, channel length, and smoothing periods in the "WaveTrend Channel SETTINGS" group. Example: Set the "Channel Length" to 10 for a more responsive WaveTrend line or adjust the "Average Channel Length" to 21 for smoother trends. Set Overbought & Oversold Levels: Configure levels for WaveTrend, RSI, and Stochastic RSI in their respective settings groups. Example: Set the WaveTrend Overbought Level to 60 and Oversold Level to -60 to define critical thresholds. Money Flow Settings: Adjust the periods and multipliers for Fast and Slow MoneyFlow indicators, and set their vertical positions for better visualization. Example: Set the Fast Money Flow Period to 9 and Slow Money Flow Period to 12 to capture both short-term and long-term capital movements. //Justification for Combining Indicators// Enhanced Market Analysis: Combining WaveTrend, RSI, and MoneyFlow provides a more comprehensive view of market conditions. Each indicator brings a unique perspective, making the analysis more robust. WaveTrend identifies cyclical trends, RSI measures momentum, and MoneyFlow tracks capital movement. Together, they provide a multi-dimensional analysis of the market. Improved Decision-Making: By integrating these indicators, the script helps traders make more informed decisions. For example, a bullish divergence detected by WaveTrend might be validated by an RSI moving out of oversold territory and supported by increasing MoneyFlow. Customization and Flexibility: The script offers extensive customization options, allowing traders to tailor it to their specific needs and strategies. This flexibility makes it suitable for different trading styles and timeframes. //Conclusion// The indicator stands out due to its innovative combination of WaveTrend, RSI, and MoneyFlow indicators, offering a well-rounded tool for market analysis. By understanding how each component works and how they complement each other, traders can leverage this script to enhance their market analysis and trading strategies, making more informed and confident decisions. Remember to always backtest the indicator first before implying it to your strategy.
Indicatore Pine Script®
di WeloTrades
27
Multi-Timeframe Momentum Indicator [Ox_kali]The Multi-Timeframe Momentum Indicator is a trend analysis tool designed to examine market momentum across various timeframes on a single chart. Utilizing the Relative Strength Index (RSI) to assess the market’s strength and direction, this indicator offers a multidimensional perspective on current trends, enriching technical analysis with a deeper understanding of price movements. Other oscillators, such as the MACD and StochRSI, will be integrated in future updates. Regarding the operation with the RSI: when its value is below 50 for a given period, the trend is considered bearish. Conversely, a value above 50 indicates a bullish trend. The indicator goes beyond the isolated analysis of each period by calculating an average of the displayed trends, based on user preferences. This average, ranging from “Strong Down” to “Strong Up,” reflects the percentage of periods indicating a bullish or bearish trend, thus providing a precise overview of the overall market condition. Key Features: Multi-Timeframe Analysis : Allows RSI analysis across multiple timeframes, offering an overview of market dynamics. Advanced Customization : Includes options to adjust the RSI period, the RSI trend threshold, and more. Color and Transparency Options : Offers color styles for bullish and bearish trends, as well as adjustable transparency levels for personalized visualization. Average Trend Display : Calculates and displays the average trend based on activated timeframes, providing a quick summary of the current market state. Flexible Table Positioning : Allows users to choose the indicator’s display location on the chart for seamless integration. List of Parameters: RSI Period : Defines the RSI period for calculation. RSI Up/Down Threshold: Threshold for determining bullish or bearish trends of the RSI. Table Position: Location of the indicator’s display on the chart. Color Style : Selection of the color style for the indicator. Strong Down/Up Color (User) : Customization of colors for strong market movements. Table TF Transparency : Adjustment of the transparency level for the timeframe table. Show X Minute/Hour/Day/Week Trend : Activation of the RSI display for specific timeframes. Show AVG : Option to display or not the calculated average trend. the Multi-Timeframe Momentum Indicator , stands as a comprehensive tool for market trend analysis across various timeframes, leveraging the RSI for in-depth market insights. With the promise of future updates including the integration of additional oscillators like the MACD and StochRSI, this indicator is set to offer even more robust analysis capabilities. Please note that the MTF-Momentum is not a guarantee of future market performance and should be used in conjunction with proper risk management. Always ensure that you have a thorough understanding of the indicator’s methodology and its limitations before making any investment decisions. Additionally, past performance is not indicative of future results.
Indicatore Pine Script®
di Ox_kali
4