Triple Momentum Core v1🧠 Technical Structure:
Triple Momentum Core analyzes the underlying wave of price movement through a three-stage system:
1. 🔵 Follow Line – The First Spark of Momentum:
Constructed using Bollinger Bands and ATR, this line detects the very first signs of directional price expansion. It gently whispers when the market begins stretching with force in one direction.
2. 🟢 SuperTrend – Confirmation and Directional Validation:
After the initial move, SuperTrend acts as the second checkpoint — validating whether the price action is evolving into a genuine trend or fading out. It confirms whether the impulse has the strength to sustain.
3. 🔴 PMax – Core Trend & Structural Anchor:
Based on Moving Average and ATR logic, PMax tracks the heartbeat of the trend. It serves as a dynamic structural boundary — critical for identifying trend continuation and managing risk.
4. 🟡 PMax MA Line – Smooth Trend Pulse & Adaptive Guide:
This yellow moving average line within the PMax system softly follows the overall trend flow, without reacting to sharp price noise. It acts as a balanced, stable guide to gauge the solidity of the trend’s body structure.
(If you prefer a cleaner view without any moving average lines, you can disable it from the settings.)
🧠 Technical Structure:
Triple Momentum Core analyzes the underlying wave of price movement through a three-stage system:
1. 🔵 Follow Line – The First Spark of Momentum:
Constructed using Bollinger Bands and ATR, this line detects the very first signs of directional price expansion. It gently whispers when the market begins stretching with force in one direction.
2. 🟢 SuperTrend – Confirmation and Directional Validation:
After the initial move, SuperTrend acts as the second checkpoint — validating whether the price action is evolving into a genuine trend or fading out. It confirms whether the impulse has the strength to sustain.
3. 🔴 PMax – Core Trend & Structural Anchor:
Based on Moving Average and ATR logic, PMax tracks the heartbeat of the trend. It serves as a dynamic structural boundary — critical for identifying trend continuation and managing risk.
4. 🟡 PMax MA Line – Smooth Trend Pulse & Adaptive Guide:
This yellow moving average line within the PMax system softly follows the overall trend flow, without reacting to sharp price noise. It acts as a balanced, stable guide to gauge the solidity of the trend’s body structure.
(If you prefer a cleaner view without any moving average lines, you can disable it from the settings.)
💡 Why “Triple Momentum Core”?
Because this indicator doesn’t just detect movement — it breaks it down into its essential phases:
Ignition, validation, and confirmation.
Each layer captures a unique and essential part of price behavior:
The first reaction (Follow Line) ignites the initial spark.
The second reaction (SuperTrend) confirms whether that spark will become a real trend.
The third and final layer (PMax) structurally anchors and follows that trend.
That’s why we call it Triple Momentum Core:
A synchronized 3-engine momentum system working in harmony to capture the lifecycle of a trend — from spark to structure.
Analisi trend
WT + Stoch RSI Reversal ComboOverview – WT + Stoch RSI Reversal Combo
This custom TradingView indicator combines WaveTrend (WT) and Stochastic RSI (Stoch RSI) to detect high-probability market reversal zones and generate Buy/Sell signals.
It enhances accuracy by requiring confirmation from both oscillators, helping traders avoid false signals during noisy or weak trends.
🔧 Key Features:
WaveTrend Oscillator with optional Laguerre smoothing.
Stochastic RSI with adjustable smoothing and thresholds.
Buy/Sell combo signals when both indicators agree.
Histogram for WT momentum visualization.
Configurable overbought/oversold levels.
Custom dotted white lines at +100 / -100 levels for reference.
Alerts for buy/sell combo signals.
Toggle visibility for each element (lines, signals, histogram, etc.).
✅ How to Use the Indicator
1. Add to Chart
Paste the full Pine Script code into TradingView's Pine Editor and click "Add to Chart".
2. Understand the Signals
Green Triangle (BUY) – Appears when:
WT1 crosses above WT2 in oversold zone.
Stoch RSI %K crosses above %D in oversold region.
Red Triangle (SELL) – Appears when:
WT1 crosses below WT2 in overbought zone.
Stoch RSI %K crosses below %D in overbought region.
⚠️ A signal only appears when both WT and Stoch RSI agree, increasing reliability.
3. Tune Settings
Open the settings ⚙️ and adjust:
Channel Lengths, smoothing, and thresholds for both indicators.
Enable/disable visibility of:
WT lines
Histogram
Stoch RSI
Horizontal level lines
Combo signals
4. Use with Price Action
Use this indicator in conjunction with support/resistance zones, chart patterns, or trendlines.
Works best on lower timeframes (5m–1h) for scalping or 1h–4h for swing trading.
5. Set Alerts
Set alerts using:
"WT + Stoch RSI Combo BUY Signal"
"WT + Stoch RSI Combo SELL Signal"
This helps you catch setups in real time without watching the chart constantly.
📊 Ideal Use Cases
Reversal trading from extremes
Mean reversion strategies
Timing entries/exits during consolidations
Momentum confirmation for breakouts
Clarix Market DashboardPurpose :
Shows if the market is trending, volatile, or stuck so you can decide when to trade or wait.
How to Use
Add the indicator to your chart. Adjust basic settings like EMA, RSI, ATR lengths, and timezone if needed. Use it before entering any trade to confirm market conditions.
What Each Metric Means (with general ranges)
Session: Identifies which market session is active (New York, London, Tokyo).
Trend: Shows current market direction. “Up” means price above EMA and VWAP, “Down” means price below. Use this to confirm bullish or bearish bias.
HTF Trend: Confirms trend on a higher timeframe for stronger signals.
ATR (Average True Range): Measures market volatility or price movement speed.
Low ATR (e.g., below 0.5% of price) means quiet or slow market; high ATR (above 1% of price) means volatile or fast-moving market, good for active trades.
Strong Bar: A candlestick closing near its high (above 75% of range) indicates strong buying momentum; closing near its low indicates strong selling momentum.
Higher Volume: Volume higher than average (typically 10-20% above normal) means more market activity and stronger moves.
Volume / Avg Volume: Ratio above 1.2 (120%) shows volume is significantly higher than usual, signaling strong interest.
RVol % (Relative Volume %): Above 100% means volume is hotter than normal, increasing chances of strong moves; below 50% means low activity and possible indecision.
Delta: Difference between buying and selling volume (if available). A positive delta means buyers dominate; negative means sellers dominate.
ADX (Average Directional Index): Measures trend strength:
Below 20 means weak or no trend;
Above 25 means strong trend;
Between 20-25 is moderate trend.
RSI (Relative Strength Index): Momentum oscillator:
Below 30 = oversold (potential buy);
Above 70 = overbought (potential sell);
Between 40-60 means neutral momentum.
MACD: Confirms momentum direction:
Positive MACD histogram bars indicate bullish momentum;
Negative bars indicate bearish momentum.
Choppiness Index: Measures how much the market is ranging versus trending:
Above 60 = very choppy/sideways market;
Below 40 = trending market.
Consolidation: When true, price is stuck in a narrow range, signaling indecision. Avoid breakout trades during this.
Quick Trading Reminder
Trade only when the trend is clear and volume is above average. Avoid trading in low volume or choppy markets.
📊 Visual MTF VMA Dashboard🔄️📊 Visual MTF VMA Dashboard🔄️
This powerful multi-timeframe indicator provides a clean, emoji-enhanced dashboard that helps you quickly identify the Variable Moving Average (VMA) trend direction across multiple key timeframes — all in real-time.
🔍 What It Does:
The Visual MTF VMA Dashboard calculates the LazyBear-style VMA on the following timeframes:
📆 Daily
🕰 195 Minutes
🕒 65 Minutes
⏳ 39 Minutes
⏱ 15 Minutes
Each cell in the table shows the current trend:
📈 BULLISH – VMA rising
📉 BEARISH – VMA falling
⚪ NEUTRAL – No change
🎨 Visual Boost:
This feature can be toggled on/off for cleaner visuals.
📌 Customization:
Adjustable VMA Length
Selectable table position: Top Left, Top Right, Bottom Left, Bottom Right
✅ Ideal For:
Multi-timeframe traders
Trend confirmation
Quick-glance analysis without cluttering your chart
Use this dashboard as a high-level trend confirmation tool — designed for simplicity, speed, and visual clarity.
RSS-Stochastik [afterworktrading]Hi all,
this is the first script from the series "afterworktrading". The goal is to develop and provide tools for traders with a fulltime job or little time for trading/analyzing charts.
Over time some of the scripts will also be linked to complete trading systems.
Let's start with my favourite one, the "RSS-Stochastik" with alert function.
The RSS-concept (Relative Spread Strength, developed by Ian Copsey) is based on the variance between a "short" and a "long" moving averages (or "slow" and "fast"), here between two EMA.
This variance is calculated and plotted in a RSI-diagram to show "overbought" and "oversold" conditions, helping to identify an ideal entry setup for trend continuation or catching a possible reversal.
Compared to the conventional RSI etc., possible reversal or trend continuation areas are often better represented in terms of quality, as an example see the Amazon-Chart.
The EMA-values, limit value thresholds and background colors can be set in the script. As a special feature, alarms can be set to be notified when a value has reached the extreme range. This reduces the screen time to the minimum.
In my personal trading, this indicator forms the basis for almost all trades, but is not a pure signal indicator on its own.
However, the informative value can be further improved if volume or support/resistance zones etc. are linked to the RSS, see example NASDAQ future with support zone price or 200 EMA.
Example for a possible RSS-Trade-Setup:
- choose an asset with a strong trend
- set alerts for crossing the oversold or overbought condition in direction of the trend
- in case of an alert check possible support/resistance areas on the current chart level (EMA, price zones, volume zones, anchored VWAP etc.)
- trade in the direction of the trend using your preferred entry setup
In my opinion, the system can be used very well, especially in trend phases, in order to obtain optimal entries.
Does it works also on lower timeframes?
Yes, it might work on every timeframe with a strong trend of high quality. Please see attached a 5m-Chart of GPBUSD-pair, notice the signal quality in direction of the trend.
Like every trading system this is not the "holy grail setup" and you will have losing trades. But handling this indicator with care you can have better entries especially in trend direction with less screen time due to the alert function.
Good luck with it! Further indicators will be published in the coming months, some will also be based on the RSS system.
As always: no liability for losing trades, no investment advice etc. Observe the risk limit for every trade!
EMA Trend ScreenerEMA Trend Screener" instantly shows whether 40+ crypto pairs are bullish (green) or bearish (red) based on their position relative to a customizable EMA. The compact table display saves time by eliminating chart switching, while adjustable settings adapt to any trading style. Perfect for quick market analysis, it helps spot trading opportunities at a glance
Refined MA + Engulfing (M5 + Confirmed Structure Break)I would like to start by saying that this strategy was put together using ChatGPT, some past trades from myself and some backtested trades, and from my time as a student in Wallstreet Academy under Cue Banks.
I am not profitable yet. I am too jumpy and blow accounts. I'm hoping this strategy (and it's indicator twin) can help me spend less time on the charts, so that I'm not tempted to press buttons as much.
It does fire quite a bit. But, the Strategy Tester tab shows a 30% win rate with our wins being significant to our losses. So, in theory, if you followed the rules of this strategy STRICTLY, you COULD BE profitable.
With that being said, there are times that this strategy has shown to trigger and I ask, "Why?".
I just want to help myself and others, and maybe make some decent\cool stuff along the way. Enjoy
KR
COT Comm OsciThe COT Ocsillator Indicator is a quantitative analysis tool that uses the positioning of so-called Commercials from the weekly Commitments of Traders (COT) report published by the CFTC. It is designed to detect extreme hedging behavior by institutional participants and translates it into a normalized scale from 0 to 100. The goal is to provide early indication of potential market reversals or overextensions.
What is the "Commercial Index"?
Commercials are market participants with a direct connection to the underlying asset – such as producers, processors, or large-scale users of commodities. They are often referred to as "Smart Money" due to their fundamental market insight and hedging purpose.
The Commercial Index measures where the current net position of Commercials (Long - Short) stands within a user-defined historical lookback window:
Index = 100: the most bullish net position in the selected period.
Index = 0: the most bearish net position.
How does the indicator work?
Data Source: The script uses the latest TradingView/LibraryCOT/4, which provides structured access to official COT data.
Calculation:
Weekly long and short positions of Commercials are requested based on the selected root symbol (e.g., "HG" for Copper).
Net position is calculated as: Net = Long - Short.
This value is normalized within the selected historical range (e.g., 150 weeks) between the highest and lowest net positions.
Result: A smooth oscillator ranging from 0 to 100 is plotted.
How to use the indicator?
Select your target future market (e.g., "GC" for Gold, "CL" for Crude Oil, "HG" for Copper).
Optionally adjust the three time windows to observe short-, mid-, and long-term sentiment (e.g., 125, 250, 500 weeks).
Watch for extreme readings:
Above 80–100: Commercials are heavily net long.
Below 20–0: Commercials are heavily net short.
These extremes are especially relevant when combined with price action, seasonality, or technical signals.
What makes this script unique?
Objective sentiment evaluation based on real institutional positioning.
Three timeframes shown in parallel for multi-horizon analysis.
No smoothing or distortion – raw positioning is visualized cleanly.
Useful in futures markets, where hedging behavior is a major driver.
Tips for Use:
Best viewed on weekly daily or charts (e.g., COMEX:HG1!, NYMEX:CL1!, CBOT:ZW1!).
Combine with technical setups or external sentiment tools for confirmation.
Can be used as a core building block in COT-based strategies or signal generation systems.
This indicator helps you track the footprints of Smart Money – and anticipate where the market might turn.
BTC Breakout Bot (TP/SL + Alerts) 🚀This strategy targets Bitcoin (BTC/USDT) breakout trades by detecting price moves beyond recent highs and lows, with built-in risk management and alerts.
How it works:
📈 Long Entry: When price breaks above the highest high of the last N candles (default 20)
📉 Short Entry: When price breaks below the lowest low of the last N candles
🎯 Take Profit: Automatically set at a percentage from entry price (default 5%)
⚠️ Stop Loss: Automatically set at a percentage from entry price (default 2%)
🔔 Alerts: Triggered on every long and short breakout trade, compatible with Telegram/webhook notifications
Parameters:
⏳ Breakout Lookback: Number of candles used to identify breakout levels (default 20)
💰 Take Profit (%): Profit target as % from entry (default 5%)
🛑 Stop Loss (%): Maximum allowed loss as % from entry (default 2%)
Simple SMA StrategyThis strategy uses two Simple Moving Averages (SMAs) to spot trend changes and generate trade signals on any market or timeframe.
How it works:
➡️ Long Entry: When the fast SMA (default 14) crosses above the slow SMA (default 28), enter a long position.
⬇️ Short Entry: When the fast SMA crosses below the slow SMA, enter a short position.
🔄 Exit: Positions close when the opposite crossover happens, capturing trend reversals.
Features:
⚙️ Adjustable SMA lengths for different markets or styles
💰 Position sizing as % of equity (default 1%) for risk management
📊 Plots fast (blue) and slow (orange) SMAs on the chart
🔔 Alerts on every long & short entry crossover for automation or notifications
Use Cases:
Perfect for trend-following traders in crypto, stocks, forex, and more — simple and effective.
⚠️ Disclaimer
Backtests and alerts are based on historical data and don’t guarantee future results. Always test carefully and manage your risk!
My strategyThis strategy is designed for BTC/USDT breakout trading on short-to-medium timeframes. It enters positions when price breaks out above recent highs or below recent lows, using automated risk management and alerts.
🔍 Core Logic
Long entry: When price breaks above the highest high of the last N candles (default: 20).
Short entry: When price breaks below the lowest low of the last N candles.
This logic helps detect momentum-driven breakout moves based on recent price consolidation.
⚙️ Strategy Settings
Capital: $10,000
Order size: 1% of equity per trade
Commission: 0.1% per trade (simulating exchange fees)
Slippage: 3 ticks (for realism)
Take Profit: 3% from entry
Stop Loss: 1.5% from entry
These settings aim to provide realistic, risk-conscious backtest results, suitable for individual traders.
📊 Visual Features
Green line = Breakout High
Red line = Breakout Low
Entry/exit markers are plotted on the chart
🔔 Alerts
Alerts are integrated for:
Long Entry
Short Entry
You can create TradingView alerts using this script to automate notifications or connect to external bots (e.g., via webhook for Telegram or Discord).
🧠 How This Strategy Is Different
While many breakout bots use standard Donchian channels, this version allows you to:
Tune the breakout sensitivity (via the adjustable lookback period)
Customize TP/SL without external inputs
Integrate alerts for real-time decision making or automation
The simplicity and flexibility make it useful as both a live tool and a framework for further development.
⚠️ Disclaimer
This script is for educational purposes only. Backtests are based on historical data and do not guarantee future results. Always test thoroughly before using in live trading. Risk only what you can afford to lose.
Clarix Smart Reversal ScorecardPurpose
Designed to identify potential trend reversal setups based on a rules-based scoring system. It helps traders quickly assess the strength of reversal signals using objective technical criteria.
How It Works
The script evaluates seven key technical conditions for both bullish and bearish reversals. Each condition met adds 1 point to the total score (max 7). A table displays the results with a final score and an automatic conclusion based on the strength of the setup.
Features
Reversal signal scoring from 0 to 7
Bullish and bearish detection modes
Visual scorecard table with individual factors
Configurable minimum score to show
Alert conditions for strong (5+) and perfect (7) setups
Lightweight and optimized for all timeframes
Usage Tips
Set "Direction" to Bullish, Bearish, or Both depending on your strategy
Use on timeframes between 15m to 4H for optimal signals
A score of 5 or more suggests strong reversal potential
Combine with key support/resistance or trend context for higher accuracy
Avoid using during high-volatility news events for cleaner signals
UngliMulti-Indicator Confluence System
This is a **multi-indicator confluence trading signal system** called "Ungli" that combines RSI, ADX, and MACD to identify high-probability momentum opportunities when used alongside chart pattern and trend line breakouts.
## Core Concept
The script identifies moments when multiple technical indicators align to suggest potential price momentum moves, specifically looking for oversold and overbought conditions with momentum confirmation. Use green and red highlights along with chart patterns and trend line breakouts that signal a breakout for confluence for a likely momentum move.
## Technical Indicators Used
**RSI (Relative Strength Index)**
- Default 14-period RSI
- Oversold threshold: < 40
- Overbought threshold: > 60
**ADX (Average Directional Index)**
- Default 14-period ADX with DI+ and DI-
- Threshold: 21
- Looks for ADX below threshold but ticking upward (momentum building)
**MACD (Moving Average Convergence Divergence)**
- Fast: 12, Slow: 26, Signal: 9
- Uses MACD line direction as trend filter
## Signal Logic
**Green Background (Bullish Momentum Signal):**
- RSI > 60 (overbought)
- ADX < 21 AND rising
- MACD line trending upward
**Red Background (Bearish Momentum Signal):**
- RSI < 40 (oversold)
- ADX < 21 AND rising
- MACD line trending downward
## Key Strategy Elements
1. **Confluence Approach**: Requires all three indicators to align, reducing false signals
2. **Momentum Filter**: ADX must be building (rising) even if low, indicating emerging trend strength
3. **Trend Confirmation**: MACD direction must match the expected move
4. **Visual Simplicity**: Clean background highlighting without chart clutter
5. **Pattern Integration**: Designed to work with chart patterns and breakout strategies
## Use Case
This indicator is designed for swing trading and breakout strategies, identifying moments when oversold/overbought conditions coincide with building momentum in the expected direction. The ADX filter helps avoid choppy, trendless markets. Best used in conjunction with:
- Support/resistance breakouts
- Chart pattern breakouts (triangles, flags, channels)
- Trend line breaks
- Key level violations
The background highlights serve as confluence confirmation when combined with your chart analysis and breakout setups.
Waterfall ScreenerHow to Use This to Screen Stocks: A Step-by-Step Guide
Save the Screener Script: Open the Pine Editor, paste the code above, and save it with a clear name like "Waterfall Screener".
Open the Stock Screener: Go to the TradingView homepage or any chart page and click the "Screener" tab at the bottom. Make sure you are on the "Stock" screener.
Set Your Market: Choose the market you want to scan (e.g., NASDAQ, NYSE).
Add Your Custom Filter (The Magic Step):
Click the "Filters" button on the right side of the screener panel.
In the search box that appears, type the name of your new script: "Waterfall Screener".
It will appear as a selectable filter. Click it.
Configure the Filter:
A new filter will appear in your screener list named "Waterfall Screener".
You can now set conditions for the "ScreenerSignal" value we plotted.
To find stocks with a new, actionable trade plan, set the filter to:
Waterfall Screener | Equal | 1
Refine and Scan:
Add other essential filters to reduce noise, such as:
Volume > 1M (to find liquid stocks)
Market Cap > 1B (to find established companies)
The screener will now automatically update and show you a list of all stocks that currently have a "PENDING_ENTRY" setup according to the indicator's logic and your chosen timeframe (e.g., Daily).
SPY Movers % Change TableThis indicator displays a table of the 10 top SPY movers which constitute 37% weight on SPY movement.
CandleSensei – EMA200, Wick & Pattern Alerts)CandleSensei is an advanced Pine Script designed for traders who need real-time alerts on key price action signals and candlestick patterns. It combines EMA200 analysis, volatility (ATR), wick/body detection, and classical candlestick pattern recognition (Engulfing, Pin Bar, Doji, Marubozu) – all in a single tool.
Key Features:
EMA200 HUD – Displays price deviation from EMA200 with directional arrows (▲ / ▼) and percentage values.
Wick Alerts – Alerts for significant wicks:
WICK ALERT: ↓🐂 3.5% (long lower wick – bullish signal).
WICK ALERT: ↑🐻 4.2% (long upper wick – bearish signal).
Big Body Alerts – Detects strong candle bodies exceeding a customizable threshold.
BIG BODY ALERT: ↑ 5.8%
BIG BODY ALERT: ↓ 4.7%
Candlestick Patterns – Automatic alerts for:
Engulfing (🟢🐂 or 🔴🐻).
Pin Bar (🟢🔨 Hammer, 🔴☄️ Shooting Star).
Doji (⚪ Doji 🟢↑ / 🔴↓).
Marubozu (📏 Marubozu 🟢↑ / 🔴↓).
On-Chart HUD – Shows ATR, price vs EMA200, wick size, and full body % in a compact table.
Why use CandleSensei?
Perfect for swing traders (Daily/Weekly analysis) and intraday traders (1H).
Combines trend direction, volatility, and price action patterns in a single dashboard.
Fully customizable thresholds for wick and body alerts.
Trend Buy/Sell Fibonacci Range - KLTThe Trend Buy/Sell Fibonacci Range – KLT indicator identifies bullish and bearish trends based on where the closing price is located within a Fibonacci range calculated from the last N candles (default is 10). Instead of analyzing individual candles, this tool takes a broader view of price action using Fibonacci retracement levels across a dynamic multi-candle range.
How It Works:
Range Calculation
The indicator calculates the highest high and lowest low over the last N candles to define the active price range (default: 10 bars).
Fibonacci Levels
Within this range, Fibonacci levels (0.236, 0.382, 0.5, 0.618, 0.786) are dynamically computed. These levels act as internal thresholds to evaluate bullish or bearish pressure.
Trend Identification (via Close Position):
If the closing price is above the 0.618 level, it indicates strong buy pressure → the candle turns green and an upward triangle appears.
If the closing price is below the 0.382 level, it suggests strong sell pressure → the candle turns red and a downward triangle is displayed.
If the close lies between 0.382 and 0.618, the market is considered neutral, and the candle is gray.
Visual Elements:
Colored candles to immediately spot trend conditions.
Triangle signals (optional) for clear Buy/Sell markers.
Fibonacci level lines plotted on the chart for full context (can be toggled on/off).
Customization Options:
Lookback period (number of candles to calculate the range)
Fibonacci threshold levels (upper/lower)
Show/hide arrows and Fibonacci lines
Why Use This Indicator?
This tool is perfect for traders who want a simple visual method to assess trend strength based on price structure, not indicators derived from lagging moving averages. It offers:
Cleaner market structure analysis
Objective trend zones
Customizable sensitivity
Recommended Use:
Works well in conjunction with support/resistance zones, volume, or momentum indicators.
Applicable to any asset class or timeframe.
Credits:
Developed by KLT, combining structure-based logic with Fibonacci precision.
Custom Screener with Alerts @RAMLAKSHMANDASScan the Nifty 50 directly on TradingView!
This script provides a real-time screener for the top 40 Nifty 50 stocks ranked by current index weightage (starting from RELIANCE, HDFCBANK, ICICIBANK, etc.), offering rapid on-chart multi-symbol analysis.
Features
Multi-symbol screener: Monitors the leading 40 Nifty constituents (NSE equities) in one view.
Full indicator table: Get snapshot values for Price, RSI, TSI, ADX, and SuperTrend for every symbol.
Dynamic filtering: Instantly filter results by any indicator value (e.g., highlight all stocks with RSI below 30).
Customizable symbols: Easily edit the symbol list to match updated Nifty composition or your stocks of interest.
Multi-timeframe support: Table values will update for any chosen chart timeframe.
Real-time alerts: Set up alerts for filtered stocks matching your strategy.
High Win Rate Trader by iambuoyant# High Win Rate Trader by iambuoyant - Complete Guide
## Introduction
The "High Win Rate Trader by iambuoyant" is a comprehensive Pine Script indicator designed to identify high-probability trading opportunities across various market conditions. Built with a multi-faceted approach, it integrates several key technical analysis concepts to provide robust buy and sell signals, aiming to maximize potential returns while managing risk. This indicator is particularly useful for traders looking for confirmed entries based on a confluence of factors rather than relying on a single signal.
## Core Philosophy
This indicator operates on the principle that **multiple confirming factors create higher probability trades**. Instead of relying on a single indicator, it combines trend analysis, momentum oscillators, volume confirmation, market structure, and mathematical levels to identify optimal entry points. The more confluence factors that align, the stronger the trading signal.
## Strategies and Confluence Factors
### 1. Trend Analysis
**Purpose**: Establishes the overall market direction to ensure trades align with momentum.
**Components**:
- **Fast EMA (Default: 9)**: Short-term trend detection
- **Slow EMA (Default: 21)**: Medium-term trend confirmation
- **Trend EMA (Default: 50)**: Long-term trend establishment
**How it works**:
- **Bullish Trend**: Fast EMA > Slow EMA > Trend EMA
- **Bearish Trend**: Fast EMA < Slow EMA < Trend EMA
- Signals are filtered to only trigger in the direction of the established trend
**Default Settings**:
- Fast EMA Period: 9
- Slow EMA Period: 21
- Trend EMA Period: 50
### 2. Oscillator Confirmation
**Purpose**: Identifies overbought/oversold conditions and momentum shifts.
#### RSI (Relative Strength Index)
- **Period (Default: 14)**: Standard RSI calculation period
- **Overbought Level (Default: 70)**: RSI level considered overbought
- **Oversold Level (Default: 30)**: RSI level considered oversold
**How it works**:
- **Bullish**: RSI < 40 and turning upward (oversold recovery)
- **Bearish**: RSI > 60 and turning downward (overbought rejection)
#### Stochastic Oscillator
- **K Period (Default: 14)**: Stochastic %K calculation period
- **D Period (Default: 3)**: Stochastic %D smoothing period
- **Overbought Level (Default: 80)**: Stochastic overbought threshold
- **Oversold Level (Default: 20)**: Stochastic oversold threshold
**How it works**:
- **Bullish**: %K < 30 and (%K turning up OR %K > %D)
- **Bearish**: %K > 70 and (%K turning down OR %K < %D)
### 3. MACD (Moving Average Convergence Divergence)
**Purpose**: Confirms momentum shifts and trend changes.
**Components**:
- **Fast Period (Default: 12)**: Fast EMA for MACD calculation
- **Slow Period (Default: 26)**: Slow EMA for MACD calculation
- **Signal Period (Default: 9)**: Signal line smoothing period
**How it works**:
- **Bullish**: MACD line > Signal line OR (MACD rising AND histogram increasing)
- **Bearish**: MACD line < Signal line OR (MACD falling AND histogram decreasing)
### 4. Volume Analysis
**Purpose**: Confirms price moves with volume conviction.
**Components**:
- **Volume MA Period (Default: 20)**: Period for volume moving average
- **Volume Multiplier (Default: 1.5)**: Volume threshold multiplier
**How it works**:
- **Bullish**: Current volume > (Volume MA × 1.5)
- **Bearish**: Current volume > (Volume MA × 1.5)
### 5. Market Structure and Volatility
#### Support and Resistance Levels
- **Pivot Length (Default: 10)**: Period for pivot high/low detection
- **Dynamic Levels**: Automatically identifies recent swing highs and lows
- **Proximity Check**: Ensures trades aren't initiated too close to S/R levels
#### ATR (Average True Range)
- **ATR Period (Default: 14)**: Volatility measurement period
- **ATR Multiplier (Default: 2.0)**: Stop loss distance multiplier
- **Volatility Filter (Default: 50.0%)**: Maximum allowed volatility percentage
**How it works**:
- Calculates market volatility using ATR
- Prevents trades in excessively volatile conditions
- Helps determine dynamic stop loss levels
### 6. Fibonacci Retracements
**Purpose**: Identifies key mathematical support/resistance levels.
**Components**:
- **Lookback Period (Default: 50)**: Period for swing high/low calculation
- **Tolerance (Default: 2.0%)**: Price proximity tolerance to Fib levels
**Key Levels**: 23.6%, 38.2%, 50%, 61.8%, 78.6%
**How it works**:
- **Bullish**: Price near 38.2%, 50%, or 61.8% retracement levels in uptrend
- **Bearish**: Price near 38.2%, 50%, or 61.8% retracement levels in downtrend
### 7. Risk Management
#### Risk:Reward Ratio
- **Minimum RR Ratio (Default: 1.0)**: Minimum acceptable risk:reward ratio
- **Dynamic Calculation**: Based on support/resistance levels and ATR
#### Dynamic Stop Loss
- **ATR-based**: Stop loss = Entry ± (ATR × 1.5)
- **S/R-based**: Uses nearby support/resistance levels when available
### 8. Signal Confirmation
**Confirmation Bars (Default: 0)**:
- **0**: Immediate signals (recommended for testing)
- **1+**: Delayed confirmation for reduced false signals
## How to Use the Indicator
### Step 1: Initial Setup
1. **Add to Chart**: Apply the "High Win Rate Trader by iambuoyant" indicator to your desired chart in TradingView
2. **Verify Display**: Ensure you can see the indicator plots and debug pane below the main chart
### Step 2: Understanding the Signals
#### Visual Elements:
- **Green Triangles (Buy)**: Appear below price bars for long entry signals
- **Red Triangles (Sell)**: Appear above price bars for short entry signals
- **Labels**: Show "BUY" or "SELL" with current RSI value
- **EMA Lines**: Blue (Fast), Orange (Slow), Gray (Trend) - visible when enabled
#### Signal Types:
- **Flash Signals**: Immediate signals when conditions are first met
- **Confirmed Signals**: Signals that have passed confirmation criteria
### Step 3: Debugging and Optimization
#### Access Debug Features:
1. Click the gear icon next to the indicator name
2. Navigate to "Signal Components (Debugging)" section
3. All confluence factors start **disabled** by default
#### Initial Testing Process:
1. **Start Simple**: Keep all "Enable X Condition" toggles **OFF**
2. **Enable Basic**: Turn on "Enable RSI Condition" first
3. **Observe Signals**: Check if buy/sell signals appear
4. **Gradual Addition**: Enable one condition at a time
5. **Monitor Debug Plots**: Watch the colored crosses in the lower pane
#### Debug Plot Interpretation:
- **Green Crosses (Value 1)**: Bullish conditions met
- **Red Crosses (Value 2)**: Bearish conditions met
- **No Cross**: Condition not met
- **"Debug: Final Long/Short Signal"**: Combined signal output
### Step 4: Fine-tuning Parameters
#### If Signals Are Too Rare:
1. **Reduce Thresholds**: Lower RSI overbought/oversold levels
2. **Relax Filters**: Increase volatility filter percentage
3. **Adjust Timeframes**: Modify EMA periods for your trading style
4. **Disable Strict Conditions**: Turn off conditions that are too restrictive
#### If Signals Are Too Frequent:
1. **Increase Thresholds**: Raise RSI levels
2. **Add Filters**: Enable more confluence conditions
3. **Stricter Confirmation**: Increase confirmation bars
4. **Higher RR Ratio**: Increase minimum risk:reward requirement
### Step 5: Display Configuration
#### Display Options:
- **Show Buy/Sell Labels**: Toggle signal labels on/off
- **Show Support/Resistance**: Toggle S/R level lines
- **Show Trend EMAs**: Toggle EMA trend lines
### Step 6: Setting Up Alerts
#### Alert Conditions:
- **"Confirmed Buy Signal"**: Triggers on confirmed long entries
- **"Confirmed Sell Signal"**: Triggers on confirmed short entries
#### Alert Message Format:
- Buy: "BUY - RSI: , Price: "
- Sell: "SELL - RSI: , Price: "
## Recommended Settings by Market Type
### Trending Markets:
- Enable: Trend Alignment, RSI, MACD
- Disable: Volume (optional)
- Confirmation Bars: 1-2
### Ranging Markets:
- Enable: RSI, Stochastic, Support/Resistance
- Disable: Trend Alignment
- Confirmation Bars: 0
### Volatile Markets:
- Enable: Volatility Filter, ATR-based stops
- Reduce: RSI thresholds (60/40 instead of 70/30)
- Increase: Confirmation bars to 2-3
## Troubleshooting
### No Signals Appearing:
1. Check if any "Enable X Condition" is turned ON
2. Verify debug plots show activity
3. Reduce parameter thresholds
4. Check if market conditions match your settings
### Too Many False Signals:
1. Enable more confluence conditions
2. Increase confirmation bars
3. Adjust RSI/Stochastic thresholds
4. Enable volatility filter
### Signals Not Aligning with Price Action:
1. Check trend alignment settings
2. Verify EMA periods match your timeframe
3. Adjust Fibonacci lookback period
4. Review support/resistance proximity settings
## Best Practices
1. **Start Conservative**: Begin with fewer confluence factors and gradually add more
2. **Test Thoroughly**: Use demo accounts to test parameter combinations
3. **Monitor Debug Plots**: Regularly check which conditions are failing
4. **Adapt to Market**: Adjust settings based on current market conditions
5. **Use Multiple Timeframes**: Consider higher timeframe trend direction
6. **Risk Management**: Always use proper position sizing and stop losses
## Default Settings Summary
### Trend Analysis:
- Fast EMA: 9
- Slow EMA: 21
- Trend EMA: 50
### Oscillators:
- RSI Period: 14, Overbought: 70, Oversold: 30
- Stochastic K: 14, D: 3, Overbought: 80, Oversold: 20
### MACD:
- Fast: 12, Slow: 26, Signal: 9
### Volume:
- MA Period: 20, Multiplier: 1.5
### Market Structure:
- ATR Period: 14, Multiplier: 2.0
- Volatility Filter: 50.0%
- Pivot Length: 10
### Fibonacci:
- Lookback: 50, Tolerance: 2.0%
### Signal Quality:
- Confirmation Bars: 0
- Min RR Ratio: 1.0
### Display:
- Show Labels: ON
- Show S/R: ON
- Show Trend: ON
### Debug (All Disabled by Default):
- Enable RSI: OFF
- Enable Stochastic: OFF
- Enable MACD: OFF
- Enable Price Structure: OFF
- Enable Trend Alignment: OFF
- Enable Volume: OFF
- Enable Fibonacci: OFF
- Enable Risk:Reward: OFF
- Enable Volatility: OFF
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