JP225 Influence AnalyzerThis tool provides a way to assess how USDJPY and DJIA influence JP225, using standardization and linear regression for quantitative evaluation. It also detects deviations from the linear model and displays the results in a colored table.
Table Structure
Row 1: Current value of USDJPY and its change from the previous bar
Row 2: Current value of DJIA and its change from the previous bar
Row 3: Theoretical value of Nikkei 225 calculated using the least squares method from USDJPY
and DJIA, and its change from the previous bar
Row 4: Current value of the chart symbol (Nikkei 225) and its change from the previous bar
Background Color Meanings
A. Current Value Column (Column 2)
If USDJPY or DJIA significantly contributes to the change in the theoretical value of Nikkei 225, the cell turns blue (increase) or red (decrease). The threshold is 1.5.
If the current value of Nikkei 225 increases, it turns blue; if it decreases, it turns red.
B. Change Value Column (Column 3)
If there is a discrepancy between the change in the theoretical value and the actual change of Nikkei 225, the cell turns yellow (moderate discrepancy: threshold 20) or red (significant discrepancy: threshold 50).
Judgment Based on Current Value Column (Column 2)
If the color of USDJPY or DJIA matches the color of Nikkei 225, that symbol is the main cause.
If there is no match, the main cause is "other factors."
Judgment Based on Change Column (Column 3)
Yellow: Suggests that other factors may be influencing the price.
Red: Strongly indicates that other factors are the main cause.
Parameter Descriptions Parameter Descriptions
symbol_x: Symbol for USDJPY (default: "SAXO:USDJPY")
symbol_y: Symbol for DJIA (default: "OSE:DJIA1!")
threshold_value1: Threshold for determining the influence of USDJPY and DJIA (blue/red color) (default: 1.5)
threshold_value2: Threshold for detecting specific price movements in Nikkei 225 (yellow color) (default: 20)
threshold_value3: Threshold for detecting significant price movements in Nikkei 225 (red color) (default: 50)
data_count: Number of past data points used for calculations (default: 10)
インジケーターの概要
このインジケーターは、日経225先物やCFDの値動きの主な原因が
以下のどれに起因するのかをリアルタイムで表示します
1. ドル円 (USDJPY)
2. ダウ (DJIA)
3. その他の要因（突発的なニュース、225の節目価格への攻防など）
テーブルの構成
1行目 ドル円の現在値と前足からの増減
2行目 ダウの現在値と前足からの増減
3行目 ドル円とダウから最小二乗法で算出した225の理論値とその増減
4行目 チャート銘柄（225）の現在値と前足からの増減
背景色の意味
1. 現在値列 (2列目):ドル円またはダウが225の理論値増減に大きく寄与した場合、
それぞれ青（増加）または赤（減少）に変化。閾値は1.5
225の現在値が増加すれば青、減少すれば赤。
2. 増減値列 (3列目):225の理論値増減と実際の増減が乖離した場合、
黄（中程度：閾値は20）または赤（大幅：閾値は50）に変化。
現在値列(2列目)での判断:
1. 銘柄（ドル円またはダウ）の色が225の色と一致する場合、その銘柄が主な原因。
2. 一致しない場合、主な原因は「その他」。
増減列(3列目)での判断:
黄色 その他の要因が影響している可能性。
赤色 その他の要因が主な原因と強く示唆。
パラメータの説明
symbol_x ドル円のシンボル（デフォルト: "SAXO:USDJPY"）
symbol_y ダウのシンボル（デフォルト: "OSE:DJIA1!"）
threshold_value1 ドル円とダウの影響を判定する(青/赤色)閾値（デフォルト: 1.5）
threshold_value2 225固有の値動きを判定する(黄色)閾値（デフォルト: 20）
threshold_value3 225固有の大きな値動きを判定する(赤色)閾値（デフォルト: 50）
data_count 計算に使用する過去データの本数（デフォルト: 10）
Analisi trend
VWAP anchored with Previous VWAPVWAP with Persistent Previous VWAP Levels
🔹 Overview
This indicator calculates and displays Daily, Weekly, and Monthly VWAP (Volume Weighted Average Price) along with their previous period VWAP levels, helping traders analyze key price points used by institutional players. Unlike traditional VWAP indicators that reset at the start of each period, this script extends the previous VWAP levels across the current period, providing strong reference points for support and resistance.
🔹 Key Features
✅ Multiple Timeframe VWAPs – Displays Daily, Weekly, and Monthly VWAPs for better trend analysis.
✅ Persistent Previous VWAPs – Keeps and extends previous period VWAP levels as horizontal lines.
✅ Customizable Appearance – Modify colors, line widths, and visibility of each VWAP level.
✅ VWAP Labels – Optional labels for quick reference to VWAP and previous VWAP values.
✅ Efficient Calculation – Optimized for smooth performance on all chart timeframes.
🔹 How It Works
VWAP Calculation
Uses hlc3 (high + low + close) / 3 as the default VWAP price source.
Accumulates price-volume data within each time period (day, week, or month).
Previous VWAP Line Extension
When a new period begins, the final VWAP value of the previous period is stored.
A horizontal line is drawn at this level and extends across the current period.
Customizable Display
Enable/disable Daily, Weekly, and Monthly VWAPs independently.
Choose colors for VWAP and Previous VWAP lines.
Toggle labels for better visibility.
🔹 Why Use This Indicator?
📌 Identify Institutional Trading Zones – VWAP is widely used by hedge funds, banks, and algorithmic traders.
📌 Detect Key Support & Resistance Levels – Previous VWAP levels act as dynamic support and resistance.
📌 Improve Trade Entries & Exits – Use VWAP bounces and breaks for confirmation.
📌 Works on All Timeframes – Useful for scalpers, swing traders, and long-term investors.
🔹 Best Use Cases
📍 Trend Confirmation – Price above VWAP suggests an uptrend; below VWAP indicates a downtrend.
📍 Support & Resistance Trading – Use previous VWAP levels as key reaction zones.
📍 Breakout & Mean Reversion Strategies – Combine with price action for high-probability trades.
📢 Try it out and elevate your trading strategy with institutional-grade VWAP levels! 🚀
Trend Zone Moving Averages📈 Trend Zone Moving Averages
The Trend Zone Moving Averages indicator helps traders quickly identify market trends using the 50SMA, 100SMA, and 200SMA. With dynamic background colors, customizable settings, and real-time alerts, this tool provides a clear view of bullish, bearish, and extreme trend conditions.
🔹 Features:
Trend Zones with Dynamic Background Colors
Green → Bullish Trend (50SMA > 100SMA > 200SMA, price above 50SMA)
Red → Bearish Trend (50SMA < 100SMA < 200SMA, price below 50SMA)
Yellow → Neutral Trend (Mixed signals)
Dark Green → Extreme Bullish (Price above all three SMAs)
Dark Red → Extreme Bearish (Price below all three SMAs)
Customizable Moving Averages
Toggle 50SMA, 100SMA, and 200SMA on/off from the settings.
Perfect for traders who prefer a cleaner chart.
Real-Time Trend Alerts
Get instant notifications when the trend changes:
🟢 Bullish Zone Alert – When price enters a bullish trend.
🔴 Bearish Zone Alert – When price enters a bearish trend.
🟡 Neutral Zone Alert – When trend shifts to neutral.
🌟 Extreme Bullish Alert – When price moves above all SMAs.
⚠️ Extreme Bearish Alert – When price drops below all SMAs.
✅ Perfect for Any Market
Works on stocks, forex, crypto, and commodities.
Adaptable for day traders, swing traders, and investors.
⚙️ How to Use: Trend Zone Moving Averages Strategy
This strategy helps traders identify and trade with the trend using the Trend Zone Moving Averages indicator. It works across stocks, forex, crypto, and commodities.
🟢 Bullish Trend Strategy (Green Background)
Objective: Look for buying opportunities when the market is in an uptrend.
Entry Conditions:
✅ Background is Green (Bullish Zone).
✅ Price is above the 50SMA (confirming strength).
✅ Price pulls back to the 50SMA and bounces OR breaks above a key resistance level.
Stop Loss:
🔹 Place below the most recent swing low or just under the 50SMA.
Take Profit:
🔹 First target at the next resistance level or recent swing high.
🔹 Second target if price continues higher—trail stops to lock in profits.
🔴 Bearish Trend Strategy (Red Background)
Objective: Look for shorting opportunities when the market is in a downtrend.
Entry Conditions:
✅ Background is Red (Bearish Zone).
✅ Price is below the 50SMA (confirming weakness).
✅ Price pulls back to the 50SMA and rejects OR breaks below a key support level.
Stop Loss:
🔹 Place above the most recent swing high or just above the 50SMA.
Take Profit:
🔹 First target at the next support level or recent swing low.
🔹 Second target if price keeps falling—trail stops to secure profits.
🌟 Extreme Trend Strategy (Dark Green / Dark Red Background)
Objective: Trade with momentum when the market is in a strong trend.
Entry Conditions:
✅ Dark Green Background → Extreme Bullish: Price is above all three SMAs (strong uptrend).
✅ Dark Red Background → Extreme Bearish: Price is below all three SMAs (strong downtrend).
Trade Execution:
🔹 For longs (Dark Green): Look for breakout entries above resistance or pullbacks to the 50SMA.
🔹 For shorts (Dark Red): Look for breakdown entries below support or rejections at the 50SMA.
Risk Management:
🔹 Use tighter stop losses and trail profits aggressively to maximize gains.
🟡 Neutral Trend Strategy (Yellow Background)
Objective: Avoid trading or wait for a breakout.
What to Do:
🔹 Avoid trading in this zone—price is indecisive.
🔹 Wait for confirmation (background turns green/red) before taking a trade.
🔹 Use alerts to notify you when the trend resumes.
📌 Final Tips
Use this strategy with price action for extra confirmation.
Combine with support/resistance levels to improve accuracy.
Set alerts for trend changes so you never miss an opportunity.
Enjoy!
Rally Base Drop SND Pivots [LuxAlgo]The Rally Base Drop SND Pivots indicator uses "Rally", "Base", and "Drop" Candles to determine pivot points at which supply and demand (SND) levels are drawn.
🔶 USAGE
Rally, Base, and Drop (RBD) candles create a formula for seeing market structure through a fixed methodology. We are able to use this concept to point out pivot areas where Rallies and Drops directly meet.
The RBD SND Pivots are similar to traditionally identified "fractal" pivot points, with one key difference.
RBD SND Pivots detect a specific number of Rally and Drop candles directly back-to-back, requiring one side of the pivot to contain entirely green candles and the other to be entirely red candles or vice versa.
Since these pivot levels are based on Rally, Base, and Drop candles, the method directly implements rigid logic to further structure a trading system when utilizing these pivot levels with traditional SND concepts.
Furthermore, by implementing this logic when looking for pivots, a significant portion of potential noise is naturally filtered out.
🔶 DETAILS
In typical SND systems, the term "Base" is used for multiple meanings.
In this indicator, the base is a product of a pivot being formed. Once a Pivot is identified, the "Base" is marked as the first Rally or Drop of the second half of the pivot formation.
Once the pivot is identified, the high or low of the base candle is used to measure the pivot level.
🔶 SETTINGS
Length: Sets the number of Rally and Drop Candles that the script will require to identify pivots.
Ex. "3" = 3 Rally followed by 3 Drop
Historical Lookback: Hides historic levels based on a bar # Lookback from the current bar.
When set to 0, all Levels will display. (0 by default)
Orion Daily Bias v1What It Does
The Daily Bias Indicator identifies the daily market bias (bullish or bearish) using principles inspired by institutional trading activity. It analyses daily price action to detect imbalances caused by large market participants, providing a clear directional bias for the upcoming trading day.
Key Features
Daily Bias Signals:
Displays "Daily Bias: Bullish" (green) or "Daily Bias: Bearish" (red) in the top-right corner of your chart.
Colors daily candles to reflect the current bias (toggle on/off).
Non-Repainting:
Signals finalize only at market close and never change retroactively.
Intraday Flexibility:
Use the daily bias to align intraday strategies (e.g., 15-minute entries) with the broader trend.
Custom Alerts:
Receive alerts only when the bias changes (e.g., bullish to bearish). Alerts trigger at market close, preparing you for the next trading day.
How It Works
Market Close Analysis:
At the end of each trading day, the indicator evaluates price action and institutional-level inefficiencies to determine the next day’s bias.
Visual Guidance:
Daily candles are coloured green (bullish) or red (bearish) to reflect the confirmed bias.
A label in the top-right corner updates automatically across all timeframes.
Actionable Alerts:
Set alerts to notify you only when the bias shifts, helping you stay focused on high-probability setups.
Why Traders Use It
Simplify Decision-Making: Start each day with a clear bias, avoiding trades against institutional momentum.
Adaptable to Strategies: Works with scalping, swing trading, or position building.
Rule-Based Signals: Objective criteria finalize at market close.
Settings & Parameters
Candle Colouring: Enable/disable daily candle highlights.
Daily bias label: Turn the daily bias label on and off
Alerts: Setting an alert with this indicator will only alert you if a bias changes from bullish to bearish or vice versa.
How to Use It
Add the indicator to your chart (works on any timeframe).
Check the top-right label for the daily bias.
Set alerts to track bias changes effortlessly.
Combine with your preferred intraday strategy for entries/exits.
Important Notes
No Repainting: Signals lock in at daily close and never change.
Confirmation Tool: Pair with additional analysis (e.g., support/resistance, volume).
Time Agnostic: The daily bias applies to all intraday timeframes (1H, 15M, etc.).
Disclaimer
This tool is for educational purposes only. It is not financial advice, and past performance does not guarantee future results. Always test strategies in a risk-controlled environment.
Keltner Channels with Custom Signals
Keltner Channels with Custom Signals
This advanced indicator enhances the classic Keltner Channels by combining them with a suite of customizable trading signals and visual tools, designed to assist traders in identifying potential entry and exit points. Built for TradingView’s Pine Script v6, it overlays three key lines—upper band, basis line (moving average), and lower band—calculated using a user-defined source (default: close), length (default: 20), and multiplier (default: 2.0). Traders can choose between Exponential Moving Average (EMA) or Simple Moving Average (SMA) for the basis line and select from three volatility band styles: Average True Range (ATR), True Range, or Range, with an adjustable ATR length (default: 10).
The script generates distinct signals based on price action:
BUY Signals: Triggered when the close exceeds the upper band on a bullish candle (close > open), marked with a green "BUY" label.
SELL Signals: Triggered when the close falls below the lower band on a bearish candle (close < open), marked with a red "SELL" label.
Annessione (ANN) Signals: Specialized conditions for both BUY and SELL, activated when the current candle’s size exceeds the previous candle’s, with additional midpoint and directional checks. These are plotted with cyan labels and include dynamic stop-loss (SL) lines.
Equal Candle Signals: Highlighted with yellow crosses when the current and previous candles are of equal size, meeting specific conditions post-BUY/SELL signals.
Midline Markers: Green (BUY) and red (SELL) crosses appear on the basis line when initial signals occur.
Customization is a core feature: users can adjust label text, colors, and distances (in pips) for all signals, tailoring the display to their preferences. The stop-loss lines for ANN signals are particularly robust—drawn above highs (BUY) or below lows (SELL) with a configurable pip offset (default: 50), styled as solid, dotted, or dashed in red, and interrupted when price hits the SL or crosses the basis line. Alerts are included for all signal types, ensuring traders never miss a key moment.
Ideal for technical traders, this indicator blends Keltner Channel analysis with actionable, visually intuitive signals, offering flexibility and precision in one powerful package.
Sharpe Ratio ScreenerThe original code was created by tim_amblard , and the modifications were made by Mr_Rakun for the purpose of adapting the script into a screener format.
The Sharpe ratio is a popular metric used to measure the risk-adjusted return of an asset or portfolio, which allows traders and investors to assess whether the returns they are receiving are worth the risk they are taking. In this script, the Sharpe ratio is calculated over a 180-day period (approximately 6 months), and several valuation zones are defined based on the ratio to help assess whether an asset is overvalued, undervalued, or critically undervalued.
Key Features:
1. Risk-Free Rate Input: The user can define the risk-free rate (usually the return of government bonds or a similar safe asset) for Sharpe ratio calculation.
2. Lookback Period (180 Days): The default lookback period is set to 180 days (approximately 6 months) to calculate the mean and standard deviation of the asset’s daily returns.
3. Valuation Zones:
• Overvalued Zone: If the Sharpe ratio is greater than 5.
• Undervalued Zone: If the Sharpe ratio is between -1 and 5.
• Critically Undervalued Zone: If the Sharpe ratio is below -3.
• Neutral Zone: If the Sharpe ratio does not meet any of the above conditions.
4. Table View: The script pulls a list of symbols from the user (e.g., cryptocurrency or stock tickers) and displays their latest price, Sharpe ratio, and whether they are in an overvalued, undervalued, or neutral zone in a table format.
5. Custom Symbol Input: The user can input a list of symbols (separated by commas) to track.
6. Daily Timeframe Check: The script warns the user to ensure they are using a daily timeframe, as this indicator is designed specifically for it.
How It Works:
• The script calculates the daily returns for each symbol over the specified lookback period.
• It then calculates the mean and standard deviation of the returns to derive the Sharpe ratio.
• The Sharpe ratio is annualized, and it’s compared to the defined thresholds to categorize the symbol into different valuation zones.
• A table is generated on the chart to show the symbols, their current prices, and their Sharpe ratios, with color-coded background to easily identify whether they are overvalued (red), undervalued (green), or critically undervalued (blue).
This tool is useful for screening multiple assets for their Sharpe ratio to find investment opportunities with optimal risk-adjusted returns.
Original code credit: This code was originally written by tim_amblard and modified by Mr_Rakun for use as a screener.
Türkçe Açıklama:
Orijinal kod tim_amblard tarafından yazılmıştır ve Mr_Rakun tarafından, bu script’in tarayıcı formatına dönüştürülmesi amacıyla değiştirilmiştir.
Sharpe oranı, bir varlığın veya portföyün risk düzeltilmiş getirisini ölçmek için yaygın olarak kullanılan bir metriktir. Bu metrik, yatırımcıların aldıkları risk karşılığında aldıkları getirinin ne kadar verimli olduğunu değerlendirmelerine olanak tanır. Bu script’te, Sharpe oranı 180 günlük bir periyot (yaklaşık 6 ay) boyunca hesaplanır ve oranı baz alarak varlıkların değerleme bölgeleri tanımlanır: aşırı değerli, değerli ve kritik şekilde değersiz.
Ana Özellikler:
1. Risk-Free Rate (Risk-Free Oranı) Girişi: Kullanıcı, Sharpe oranı hesaplaması için risk-free (risksiz) oranı (genellikle devlet tahvilleri veya benzeri güvenli bir varlık getirisi) tanımlayabilir.
2. Lookback (Geribildirim) Periyodu (180 Gün): Varsayılan geribildirim periyodu, varlığın günlük getirilerinin ortalama ve standart sapmalarını hesaplamak için 180 gün (yaklaşık 6 ay) olarak ayarlanmıştır.
3. Değerleme Bölgeleri:
• Aşırı Değerli Bölge: Sharpe oranı 5’ten büyükse.
• Değerli Bölge: Sharpe oranı -1 ile 5 arasında ise.
• Kritik Derecede Değersiz Bölge: Sharpe oranı -3’ten küçükse.
• Nötr Bölge: Sharpe oranı yukarıdaki hiçbir koşulu karşılamıyorsa.
4. Tablo Görünümü: Script, kullanıcıdan alınan semboller listesine göre (örneğin, kripto para veya hisse senedi sembolleri) her bir sembolün son fiyatını, Sharpe oranını ve değerleme bölgesini tablo şeklinde gösterir.
5. Özel Sembol Girişi: Kullanıcı, izlemek istediği semboller listesini (virgülle ayrılmış) girebilir.
6. Günlük Zaman Çerçevesi Kontrolü: Script, kullanıcının doğru sonuçlar almak için günlük zaman çerçevesinde işlem yapması gerektiğini hatırlatır.
Nasıl Çalışır:
• Script, her sembol için belirtilen geribildirim periyodu boyunca günlük getirileri hesaplar.
• Ardından, getirilerin ortalama ve standart sapmasını hesaplayarak Sharpe oranını çıkarır.
• Sharpe oranı yıllıklaştırılır ve tanımlanan eşiklerle karşılaştırılarak sembol, farklı değerleme bölgelerine kategorize edilir.
• Grafik üzerinde, semboller, mevcut fiyatları ve Sharpe oranları gösteren bir tablo oluşturulur. Bu tablo, hangi sembollerin aşırı değerli (kırmızı), değerli (yeşil) veya kritik derecede değersiz (mavi) olduğunu kolayca görmek için renk kodlu arka planlar kullanır.
Bu araç, yatırım fırsatlarını daha verimli bir şekilde değerlendirebilmek için risk düzeltilmiş getiri açısından optimal fırsatları bulmak için birden fazla varlığın Sharpe oranlarını taramak için kullanışlıdır.
ARSI | QuantumResearch🚀 Adaptative RSI (ARSI) | QuantumResearch 🚀
The Adaptative RSI (ARSI) is an advanced momentum-based oscillator that enhances traditional RSI analysis by incorporating a dynamic smoothing factor and adaptive thresholding. This innovative approach allows the indicator to dynamically adjust to changing market conditions, reducing lag and improving responsiveness to trend shifts.
🔍 Why ARSI?
Unlike conventional RSI, ARSI dynamically adapts its smoothing factor based on market volatility. This allows for better trend identification, earlier entries, and improved exits—all without unnecessary noise.
🔗 Key Features:
✅ Adaptative RSI Calculation – The smoothing factor automatically adjusts based on RSI’s distance from equilibrium.
✅ Dynamic Threshold Mechanism – Uses standard deviation-based adaptive bands to define overbought/oversold levels dynamically.
✅ Trend Detection & Confirmation – ARSI reacts quickly to trend shifts, helping traders catch early moves and avoid unnecessary drawdowns.
✅ Customizable Visuals – Multiple color schemes and visual overlays to match different trading styles.
✅ Alerts for Trend Reversals – Stay ahead with real-time alerts for bullish and bearish trend shifts.
📊 How ARSI Helps in Trading
📈 Catch Early Trends – The oscillator helps identify breakouts before they become obvious, allowing for early positioning in emerging trends.
📉 Avoid Drawdowns – The indicator signals early exits, helping to protect capital before major market sell-offs.
📊 Enhance Confirmation – Can be used alongside other momentum indicators for better trade validation.
📊 Real-World Application of ARSI
🟢 ETH: Avoiding a 50% Drawdown
🔹 This ETH chart demonstrates how ARSI signaled an early exit, preventing a massive drawdown of nearly 50%.
🟢 SOL: Identifying Early Trends
🔹 ARSI caught early bullish momentum on SOL, allowing traders to enter the uptrend before the major rally.
🟢 BTC: Exit Before the COVID Crash
🔹 ARSI issued a timely exit before the COVID crash, helping traders avoid a massive market collapse.
🟢 TOTAL: Early Exit Before a Major Market Drop
🔹 The indicator provided a clear warning signal before the market downturn, allowing risk mitigation.
🟢 DOGE: Trend Continuation Confirmation
🔹 ARSI successfully confirmed trend continuation on DOGE, keeping traders aligned with the market move.
⚠️ Disclaimer
The content provided is for informational and educational purposes only. Nothing contained within should be considered financial, investment, legal, or other professional advice. Past performance does not guarantee future results. Trading cryptocurrencies involves substantial risk of loss and is not suitable for every investor.
🔥 Enhance your trading with the Adaptive RSI (ARSI) | QuantumResearch – Stay ahead of the trend! 🚀
Auto Draw ToolAuto Draw Tool for TradingView – Trend, Support/Resistance & Fibonacci Indicator ( HIMANSHU AGNIHOTRY)
The Auto Draw Tool is a powerful TradingView indicator that automatically detects trend lines, support & resistance levels, and Fibonacci retracement zones. It helps traders identify key price levels and market trends without manual effort.
🔹 Features
✔ Automatic Support & Resistance Detection – Finds the strongest price levels based on past highs and lows
✔ Trend Line Auto-Plotting – Detects market trends using swing highs and lows
✔ Fibonacci Retracement Levels – Highlights key retracement points for potential reversals
✔ Candlestick Pattern Detection – Identifies bullish and bearish engulfing patterns
✔ Background Alerts for Patterns – Highlights candlestick patterns with color-coded backgrounds
✔ Works on Any Timeframe – Suitable for scalping, swing trading, and long-term investing
🛠 How It Works?
Support & Resistance Levels: The script calculates the highest and lowest price levels within a given lookback period.
Trend Line Identification: It detects swing highs and swing lows to draw automatic trend lines.
Fibonacci Retracement: The script marks important Fibonacci levels (0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%) for potential entry and exit points.
Engulfing Candlestick Patterns: It recognizes bullish engulfing and bearish engulfing patterns, which indicate strong buying or selling pressure.
Alerts & Background Highlighting: When an engulfing pattern is detected, the background color changes (green for bullish, red for bearish).
🔔 Alerts & Signals
🚀 Bullish Engulfing Detected: Green background & buy signal alert
🚀 Bearish Engulfing Detected: Red background & sell signal alert
🎯 Who Can Use It?
✅ Day Traders & Scalpers – Quickly identify key price action levels
✅ Swing Traders – Find strong support/resistance and Fibonacci retracement areas
✅ Trend Followers – Confirm trend direction with auto-drawn trend lines
✅ Price Action Traders – Get real-time candlestick pattern alerts
Sweep Engulf CHoCH📖 Indicator Overview
The Sweep Engulf CHoCH indicator is designed to detect the Sweep + Engulf + CHoCH (Change of Character) pattern on price charts. This indicator helps traders identify bullish and bearish entry opportunities based on the last three candles forming this pattern.
📊 How the Indicator Works
The indicator analyzes specific conditions in the last three candles:
🔹 Bullish Entry (Buy Signal)
✔️ Candle 1 must be bearish (close < open )
✔️ Candle 2 must sweep the low of candle 1 (low < low )
✔️ Candle 2 must also engulf candle 1 (close > close )
✔️ Candle 3 must break structure (CHoCH) by closing above the open of candle 1 (close > open )
🔻 Bearish Entry (Sell Signal)
✔️ Candle 1 must be bullish (close > open )
✔️ Candle 2 must sweep the high of candle 1 (high > high )
✔️ Candle 2 must also engulf candle 1 (close < open )
✔️ Candle 3 must break structure (CHoCH) by closing below the open of candle 1 (close < open )
Massive Market Order Detector by GSK-VIZAG-AP-INDIA
Massive Market Order Detector by GSK-VIZAG-AP-INDIA
Purpose of the Indicator:
This indicator is designed to detect massive market orders (high-volume trades) in real-time, helping traders identify potential accumulation or distribution zones. It highlights sudden spikes in volume that exceed a calculated threshold, signaling strong buying or selling pressure.
Core Logic & Unique Aspects:
Volume Spike Detection: Compares the current volume to the average volume over a user-defined lookback period. If the volume exceeds the threshold (calculated using a multiplier), it is classified as a Massive Order.
Buy vs. Sell Order Identification: Determines whether the detected massive order is a buy (green marker) or a sell (red marker) based on candlestick price action.
Time Zone Adjustment: Allows traders to adjust the timestamp according to their local timezone, ensuring accurate interpretation of order timings.
Table Display of Recent Orders: A table is created within the chart to list the last 15 detected massive orders, showing key details such as time, volume, type (buy/sell), price, and volume percentage change.
How It Works:
The indicator calculates the average volume over a lookback period (default: 20 bars).
If the current volume exceeds the threshold (average volume × multiplier), it is marked as a Massive Order.
The order is classified as:
Massive Buy Order (MB) → If the closing price is higher than the opening price.
Massive Sell Order (MS) → If the closing price is lower than the opening price.
The detected orders are visually represented as green (MB) and red (MS) labels on the chart.
The most recent 15 massive orders are logged in a table for easy reference.
Intended Use Cases:
🔹 Scalping & Intraday Trading – Spot unusual market activity to enter or exit trades quickly.
🔹 Swing Trading – Identify strong buying or selling pressure at key support/resistance levels.
🔹 Breakout Confirmation – Validate if price breakouts are backed by significant volume.
🔹 Market Manipulation Detection – Recognize potential institutional buying/selling activity.
Input settings:
Lookback Period: Adjust the number of bars to calculate average volume.
Volume Multiplier: Set the threshold as 1/2/3 for defining a massive order.
Time Zone Offset: Modify timestamps to match your local market time.
Max Signals in Table: Control how many signals are displayed in the table.
Why Use This Indicator?
✅ Identifies smart money activity
✅ Works across multiple timeframes (5m, 15m, 1H, Daily, etc.)
✅ No repainting – Reliable real-time signals
✅ Easy-to-read visual cues & table logs
Disclaimer:
"This indicator is for educational and informational purposes only and should not be considered financial advice. Always do your own research (DYOR) and consult with a qualified financial professional before making investment decisions. Trading involves significant risk, and past performance does not guarantee future results. I am not a licensed financial advisor and hold no liability for any losses incurred. This indicator may not work in all market conditions, and results are based on backtesting or hypothetical scenarios. Use at your own discretion and ensure compliance with local regulations."
Sweep Engulf 2 Candle🔍 Overview:
This script identifies Bullish Engulfing and Bearish Engulfing candlestick patterns on the chart. These formations are widely used in technical analysis to spot potential reversals in price action. The indicator helps traders quickly identify these patterns by marking them directly on the chart with small arrows.
📌 Features:
✅ Bullish Engulfing & Bearish Engulfing Detection
✅ Customizable Display Options (Enable/Disable Bullish or Bearish signals)
✅ Real-Time Alerts (Receive notifications when a pattern is formed)
✅ Optimized Marker Size (Smaller icons for better chart visibility)
📊 How It Works:
1. Bullish Engulfing Condition:
The second candle's low is lower than the first candle's low.
The second candle's close is higher than the first candle's open (if the first candle is bearish) OR higher than the first candle's close (if the first candle is bullish).
2. Bearish Engulfing Condition:
The second candle's high is higher than the first candle's high.
The second candle's close is lower than the first candle's close (if the first candle is bearish) OR lower than the first candle's open (if the first candle is bullish).
⚙️ How to Use:
Add the script to your TradingView chart.
Adjust settings to enable/disable Bullish or Bearish Engulfing patterns.
Enable alerts to receive real-time notifications when a pattern is detected.
Use this indicator to support your technical analysis and trade decisions.
📌 Notes:
This indicator is best used in combination with other technical analysis tools like support & resistance levels, trendlines, or volume analysis.
It works on all timeframes and asset
15-Minute ORB by @RhinoTradezOverview
Hey traders, ready to jump on the morning breakout train? The 15-Minute ORB by @RhinoTradez
is your go-to pal for rocking the Opening Range Breakout (ORB) scene, zeroing in on the first 15 minutes of the U.S. market day—9:30 to 9:45 AM Eastern Time. Picture this: sleek orange lines mark the high and low of that opening rush, but they only hang out during regular trading hours (9:30 AM-4:00 PM ET) and reset fresh each day—no old baggage here! Built in Pine Script v6 for that cutting-edge feel, it’s loaded with breakout signals and alerts to keep your trading game strong—ideal for SPY, QQQ, or any ticker you love.
Crafted by @RhinoTradez
to fuel your daily grind—let’s hit those breakouts running!
What It Does
The ORB strategy is all about that early market spark: the 9:30-9:45 AM range sets the battlefield, and breakouts signal the charge. Here’s the rundown:
Captures the Range : Snags the high and low from the 9:30-9:45 AM ET candle—U.S. market kickoff, locked in.
Daily Refresh : Wipes yesterday’s lines at 9:30 AM ET each day—today’s all that matters.
Regular Hours Focus : Orange lines shine from 9:45 AM to 4:00 PM ET, vanishing outside those hours.
Breakout Signals : Green triangles for upside breaks, red for downside, all within regular hours.
Alerts You : Chimes in with “Price broke above 15-min ORB High: 597” (or below the low) when the move hits.
It’s your morning breakout blueprint—simple, focused, and trader-ready.
Functionality Breakdown:
15-Minute ORB Snap:
Locks the high and low of the 9:30-9:45 AM ET candle on a 15-minute chart (EST/EDT auto-adjusted).
Resets daily at 9:30 AM ET—yesterday’s range is outta here.
Regular Hours Only:
Lines glow from 9:45 AM to 4:00 PM ET, keeping pre-market and after-hours clean.
Breakout Flags:
Marks price busting above the ORB high (green triangle below bar) or below the low (red triangle above), only during 9:30 AM-4:00 PM.
Alert Action:
Drops a custom alert with the breakout price (e.g., “Price broke below 15-min ORB Low: 594”)—stay in the know, hands-free.
Customization Options
Keep it chill with one slick tweak:
ORB Line Color : Starts at orange—vibrant and trader-cool! Flip it to blue, purple, or any shade you dig in the settings. Make it yours.
How to Use It
Pop It On: Add it to a 15-minute chart—SPY, QQQ, or your hot pick works like a dream.
Time It Right: Set your chart to “America/New_York” time (Chart Settings > Time Zone) to sync with 9:30 AM ET.
Choose Your Color: Dive into the indicator settings and pick your ORB line color—orange kicks it off, but you’re in charge.
Set Alerts: Right-click the indicator, add an alert with “Any alert() function call,” and catch breakouts live.
Ride the Wave: Green triangle? Upward vibe. Red? Downside alert. Mix with volume or candles for extra punch.
Pro Tips
15-Minute Only : Tailored for that 9:30-9:45 AM ET candle—other timeframes won’t sync up.
Daily Reset : Lines refresh at 9:30 AM ET—always today’s play.
Breakout Boost : High volume or RSI can seal the deal on those triangle signals.
No Clutter : Lines stick to 9:30 AM-4:00 PM ET—your chart stays tidy.
Brought to you by @RhinoTradez
in Pine Script v6, this ORB script’s your morning breakout wingman. Slap it on, pick a color, and let’s chase those moves together! Happy trading!
Volatility Based Momentum with MTF Screener by QTX Algo SystemsVolatility Based Momentum with MTF Screener by QTX Algo Systems
Overview
This indicator builds on our original Volatility Based Momentum tool by integrating a Multi Time Frame (MTF) Screener that provides real-time, cross-market momentum analysis. It dynamically adjusts momentum signals using adaptive volatility measurements, ensuring that signals reflect true market strength across various timeframes and assets.
How It Works
Core Momentum Analysis:
The indicator uses a double‐smoothed SMI combined with a Price – Moving Average Ratio (PMARP) to assess short-term momentum. These metrics filter out noise and generate per-candle signals based on sustained market energy.
Adaptive Volatility Measurement:
An adaptive volatility factor—derived from a Bollinger Band Width Percentile (BBWP) calculation—scales the momentum readings, ensuring that only strong signals in a sufficiently volatile market are considered.
MTF Screener Integration:
The MTF Screener scans multiple timeframes simultaneously, confirming that a momentum signal is consistent across different market views. This extra layer of screening reduces false signals and helps ensure that the detected momentum is robust and reliable.
Real-Time Visual Feedback:
Dynamic visual cues, such as color changes and signal markers, indicate when the momentum and volatility align, providing a clear, actionable overview.
Why It’s Different and Valuable
This indicator isn’t just a simple overlay of standard momentum and volatility measures—it’s a multi-layered system that verifies signals across multiple timeframes. The integrated MTF Screener provides broader context and cross-validation, making it a more dependable tool for confirming trend strength. This level of depth in analysis offers enhanced clarity and helps traders make more confident decisions compared to using conventional indicators in isolation.
How to Use
Review Per-Candle Signals: Observe the momentum signals generated on your chart and note when they are confirmed by the adaptive volatility measure.
Cross-Check with MTF Screener: Ensure that signals appear consistently across multiple timeframes before taking action.
Adjust Settings for Your Style: Customize the volatility threshold, and MTF settings to match your specific trading approach.
Integrate with Your Strategy: Use the insights from this indicator alongside other analysis tools to optimize your entry and exit points.
Disclaimer
This indicator is for educational purposes only and is intended to support your trading strategy. It does not guarantee performance, and past results are not indicative of future outcomes. Always apply proper risk management and conduct your own analysis before trading.
Multiple AVWAP [OmegaTools]The Multiple AVWAP indicator is a sophisticated trading tool designed for professional traders who require precision in volume-weighted price tracking. This indicator allows for the deployment of multiple Anchored Volume Weighted Average Price (AVWAP) calculations simultaneously, offering deep insights into price movements, dynamic support and resistance levels, and trend structures across multiple timeframes.
This indicator caters to both institutional and retail traders by integrating flexible anchoring methods, multi-timeframe adaptability, and enhanced visualization features. It also includes deviation bands for statistical analysis, making it a comprehensive volume-based trading solution.
Key Features & Functionalities
1. Multiple AVWAP Configurations
Users can configure up to four distinct AVWAP calculations to track different market conditions.
Supports various anchoring methods:
Fixed: A traditional AVWAP that starts from a defined historical point.
Perpetual: A rolling VWAP that continuously adjusts over time.
Extension: An extension-based AVWAP that projects from past calculations.
High Volume: Anchors AVWAP to the highest volume bar within a specified period.
None: Option to disable AVWAP calculation if not required.
2. Advanced Deviation Bands
Implements standard deviation bands (1st and 2nd deviation) to provide a statistical measure of price dispersion from the AVWAP.
Serves as a dynamic method for identifying overbought and oversold conditions relative to VWAP pricing.
Deviation bands are customizable in terms of visibility, color, and transparency.
3. Multi-Timeframe Support
Users can assign different timeframes to each AVWAP calculation for macro and micro analysis.
Helps in identifying long-term institutional trading levels alongside short-term intraday trends.
4. Z-Score Normalization Mode
Option to standardize oscillator values based on AVWAP deviations.
Converts price movements into a statistical Z-score, allowing traders to measure price strength in a normalized range.
Helps in detecting extreme price dislocations and mean-reversion opportunities.
5. Customizable Visual & Aesthetic Settings
Fully customizable line colors, transparency, and thickness to enhance clarity.
Users can modify AVWAP and deviation band colors to distinguish between different levels.
Configurable display options to match personal trading preferences.
6. Oscillator Mode for Trend & Momentum Analysis
The indicator converts price deviations into an oscillator format, displaying AVWAP strength and weakness dynamically.
This provides traders with a momentum-based perspective on volume-weighted price movements.
User Guide & Implementation
1. Configuring AVWAPs for Optimal Use
Choose the mode for each AVWAP instance:
Fixed (set historical point)
Perpetual (rolling, continuously updated AVWAP)
Extension (projection from past AVWAP levels)
High Volume (anchored to highest volume bar)
None (disables the AVWAP line)
Adjust the length settings to fine-tune calculation sensitivity.
2. Utilizing Deviation Bands for Market Context
Activate deviation bands to see statistical boundaries of price action.
Monitor +1 / -1 and +2 / -2 standard deviation levels for extended price movements.
Consider price action outside of deviation bands as potential mean-reversion signals.
3. Multi-Timeframe Analysis for Institutional-Level Insights
Assign different timeframes to each AVWAP to compare:
Daily VWAP (institutional trading levels)
Weekly VWAP (swing trading trends)
Intraday VWAPs (short-term momentum shifts)
Helps identify where institutional liquidity is positioned relative to price.
4. Activating the Oscillator for Momentum & Bias Confirmation
The oscillator converts AVWAP deviations into a normalized value.
Use overbought/oversold levels to determine strength and potential reversals.
Combine with other indicators (RSI, MACD) for confluence-based trading decisions.
Trading Applications & Strategies
5. Trend Confirmation & Institutional VWAP Tracking
If price consistently holds above the primary AVWAP, it signals a bullish trend.
If price remains below AVWAP, it indicates selling pressure and a bearish trend.
Monitor retests of AVWAP levels for potential trend continuation or reversal.
6. Dynamic Support & Resistance Levels
AVWAP lines act as dynamic floating support and resistance zones.
Price bouncing off AVWAP suggests continuation, whereas breakdowns indicate a shift in momentum.
Look for confluence with high-volume zones for stronger trade signals.
7. Mean Reversion & Statistical Edge Trading
Prices that deviate beyond +2 or -2 standard deviations often revert toward AVWAP.
Mean reversion traders can fade extended moves and target AVWAP re-tests.
Helps in identifying exhaustion points in trending markets.
8. Institutional Liquidity & Volume Footprints
Institutions often execute large trades near VWAP zones, causing price reactions.
Tracking multi-timeframe AVWAP levels allows traders to anticipate key liquidity areas.
Use higher timeframe AVWAPs as macro support/resistance for swing trading setups.
9. Enhancing Momentum Trading with AVWAP Oscillator
The oscillator provides a momentum-based measure of AVWAP deviations.
Helps in confirming entry and exit timing for trend-following trades.
Useful for pairing with stochastic oscillators, MACD, or RSI to validate trade decisions.
Best Practices & Trading Tips
Use in Conjunction with Volume Analysis: Combine with volume profiles, OBV, or CVD for increased accuracy.
Adjust Timeframes Based on Trading Style: Scalpers can focus on short-term AVWAP, while swing traders benefit from weekly/daily AVWAP tracking.
Backtest Different AVWAP Configurations: Experiment with different anchoring methods and lookback periods to optimize trade performance.
Monitor Institutional Order Flow: Identify key VWAP zones where institutional traders may be active.
Use with Other Technical Indicators: Enhance trading confidence by integrating with moving averages, Bollinger Bands, or Fibonacci retracements.
Final Thoughts & Disclaimer
The Multiple AVWAP indicator provides a comprehensive approach to volume-weighted price tracking, making it ideal for professional traders. While this tool enhances market clarity and trade decision-making, it should be used as part of a well-rounded trading strategy with risk management principles in place.
This indicator is provided for informational and educational purposes only. Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis and due diligence before executing trades.
OmegaTools - Enhancing Market Clarity with Precision Indicators
Capitulation Volume Detector by @RhinoTradezOverview
Hey traders, want to catch the market when it’s totally losing it? The Capitulation Volume Detector is your go-to buddy for spotting those wild moments when panic selling takes over. Picture this: prices plummet, volume explodes, and everyone’s bailing out—that’s capitulation, and it might just signal a turning point. This script throws a bright marker on your chart whenever the chaos hits, so you can decide if it’s time to jump in or sit tight. Built fresh in Pine Script v6, it’s sleek, customizable, and packs an alert to keep you posted—perfect for stocks, indices like SPY, or even crypto chaos.
Inspired by epic sell-offs like March 2020’s COVID crash, this tool’s here to help you navigate the storm with a smile (and maybe a profit).
What It Does
Capitulation volume is that “everyone’s out!” moment: a steep price drop meets a massive volume surge, hinting that sellers are tapped out. It’s not a guaranteed reversal—sometimes the bleeding continues—but it’s a loud clue that fear’s peaked. Here’s the magic:
Volume Check : Measures current volume against a customizable average (default: 20 bars).
Price Plunge : Tracks the percentage drop from the last close.
Capitulation Cal l: When volume rockets past your threshold (e.g., 2x average) and price tanks (e.g., -5%), you get a red triangle above the bar.
Stay Alert : Fires off a detailed message (e.g., “Volume 300M > 200M, Drop -10%”) so you’re never caught off guard.
Think of it as your market meltdown radar—simple, effective, and ready to roll.
Functionality Breakdown
Volume Surge Spotter :
Uses a 20-bar Simple Moving Average (SMA) of volume as your baseline.
Flags any bar where volume exceeds this average by your chosen multiplier (default: 2x).
Price Drop Detector :
Calculates the percentage change from the prior close.
Triggers when the drop’s bigger than your set limit (default: -5%).
Capitulation Marker:
Combines both signals: high volume + sharp drop = capitulation.
Slaps a red triangle above the bar for instant “whoa, there it is!” vibes.
Real-Time Alerts :
Sends a custom alert with volume and drop details, keeping you in the loop without babysitting the chart.
Customization Options
Tune it to your trading style with these easy settings:
Volume Multiplier (x Avg): Starts at 2.0 (2x average volume). Bump it to 3.0 for only the wildest spikes or dial it to 1.5 for more frequent catches. Range: 1.0-10.0, step 0.1.
Price Drop Threshold (%): Default 5.0 (a -5% drop). Go big with 10.0 for crash-level falls or ease to 3.0 for lighter dips. Range: 1.0-20.0, step 0.1.
Average Volume Period: Default 20 bars. Stretch it to 50 for a broader view or shrink to 10 for quick reactions. Range: 1-100.
Capitulation Marker Color: Red by default—because panic’s loud! Switch it to blue, green, or pink to match your chart’s personality.
How to Use It
Drop It On : Add it to any chart with volume data—SPY daily for market moves, /ES 15-minute for intraday action, or your go-to stock.
Play with Settings : Hit the indicator’s config gear and tweak the multiplier, drop threshold, period, or marker color to fit your vibe.
Set an Alert : Right-click the indicator, add an alert with “Any alert() function call,” and get pinged when capitulation strikes.
Watch the Action : Look for those red triangles on big drop days—pair with your favorite reversal signals for extra oomph.
Pro Tips
Daily Charts : Catch market-wide capitulations like March 23, 2020 (SPY: -10%, 3x volume).
Intraday : Spot flash crashes or sector sell-offs on 15-minute or 5-minute bars.
Context Matters : High volume alone isn’t enough—check the VIX or candlestick patterns (e.g., hammers) to confirm a bottom.
Engulfing Candles (ATR-Based)This indicator detects Engulfing Patterns with an ATR-based filtering mechanism and trend confirmation. Unlike a basic engulfing pattern indicator that only checks if a current candle engulfs the previous one, this script incorporates trend detection using either the 50-period SMA alone or a combination of 50 and 200-period SMAs to ensure that signals align with the broader trend. The indicator identifies Bullish Engulfing patterns when a strong bullish candle engulfs a smaller bearish candle in a downtrend and Bearish Engulfing patterns when a strong bearish candle engulfs a smaller bullish candle in an uptrend. It also generates alerts and visually marks these patterns with labels ("BU" for bullish and "BE" for bearish) while highlighting the background accordingly.
What sets this indicator apart from a normal engulfing indicator is its ATR-based filtering system, which ensures that only significant engulfing candles are considered. Instead of accepting any engulfing pattern, the script measures candle body size relative to 1.5x ATR (configurable) to filter out weak signals. It also differentiates between long-bodied and small-bodied candles to confirm that the engulfing pattern represents real momentum shifts. This approach reduces false signals caused by small, insignificant candles and ensures that traders focus on high-probability reversal patterns. By integrating trend-based filtering and ATR-based confirmation, this indicator provides more reliable and context-aware engulfing signals than a standard engulfing pattern detector.
MSB BOS Market Structure [FTB]Track Market Structure Breaks (MSB) and Breaks of Structure (BOS) on your charts. This indicator does exactly that without clutter and with easy-to-spot.
🔑 Features:
MSB (Market Structure Break): Shows when price flips and breaks the previous high/low — possible start of a new trend.
BOS (Break of Structure): Highlights key structural breakouts in line with the existing trend.
✅ Pivot-Based Analysis (Body Focused)
Uses candle body-based pivot highs and lows to find clean market structure points (no wicks confusion here!).
Adjustable pivot strength — control how many candles you want on either side to define a swing.
✅ Clean Visual Markings
MSB and BOS lines with optional labels so you see exactly where breaks happen.
Customizable line style (Solid, Dashed, Dotted) to match your chart aesthetic.
Optional pivot markers to show minor swing highs/lows.
✅ Alerts Ready
Set alerts for any MSB or BOS, or filter to specific bullish/bearish breaks — never miss a key level again
💡 How to Use This Indicator:
Identify Trend Shifts: Use MSB to spot early trend reversals — when a previous structure breaks against the trend.
Catch Continuations: Watch for BOS to confirm trend continuation — great for riding the trend!
⚙️ Settings You Can Adjust:
Pivot Strength: How many candles to look back and forward for swing points (default: 3).
Show Pivots: Optional — highlight swing highs and lows for extra clarity.
Time-Weighted Price Action IndicatorThe Time-Weighted Price Action Indicator is a simple yet effective tool designed to detect consolidation zones based on time duration and highlight potential reversal points using a contrarian breakout logic. Instead of following traditional breakout strategies, this indicator aims to capitalize on false breakouts and reversal entries.
How It Works
• The indicator identifies a price range (zone) using a configurable lookback period.
• If the price remains within this range for a specified number of bars (threshold), a consolidation zone is confirmed.
• Once a breakout or breakdown from this zone occurs, the indicator triggers a reversed signal — suggesting a potential reversal instead of a trend-following entry.
• Support and resistance levels are marked visually, and BUY/SELL labels are plotted when price re-enters the zone, indicating potential exhaustion or traps.
Key Features
• ✅ Time-based consolidation detection
• ✅ Contrarian signal logic (Buy at breakdowns, Sell at breakouts)
• ✅ Dynamic zone plotting with support/resistance visualization
• ✅ Auto-reset after each breakout for fresh zone detection
• ✅ Visual labels and alerts for BUY/SELL signals
How to Use
• Ideal for range-bound markets or identifying trap zones around support/resistance.
• Use in conjunction with volume, momentum, or trend filters to refine entries.
• Can complement mean reversion strategies or be used as a signal confirmation tool.
Why This Combination?
This approach blends time-based consolidation logic with a contrarian price action perspective, offering traders a different lens to analyze markets. Instead of blindly following breakouts, it highlights areas where price rejections and false breakouts often occur — common in algorithm-driven markets.
Why It’s Worth Using
This indicator helps you stay ahead of trap zones, identify reversal spots, and understand price behavior in consolidation zones — a critical edge, especially in sideways or choppy markets. It adds context to price movement, helping traders avoid common breakout failures.
Note:
• No performance guarantees or exaggerated claims.
• No solicitation or promotional language used.
• This is a free, open-source educational tool meant to aid price action understanding.
Multi-MA RibbonMulti-MA Ribbon is a dynamic and highly customizable indicator designed to visually compare and analyze up to 12 moving average bands simultaneously — across two different moving average (MA) types. This allows traders to study how various MAs behave relative to one another in real time, improving market analysis and trade precision.
The script supports EMA, SMA, HMA, RMA, WMA, VWMA, SWMA, and ALMA, with full user control over periods, ribbon thickness, color, and gradient direction.
Key Features:
Dual Moving Average Ribbon System — Compare two independent MA types side by side on the same price chart.
12 User-Defined Period Bands — Visualize short to long-term trend layers, fully adjustable.
Gradient Coloring with Direction Control — Choose whether fast or slow bands are brightest for quick visual focus.
Customizable Thickness and Colors — Adapt the visualization to fit any chart theme or preference.
Supports All Major MAs — Including EMA, SMA, HMA, RMA, WMA, VWMA, SWMA, ALMA.
Overlay-Friendly — Plots directly over price action for seamless market context.
Analytical and Statistical Value:
Visual Sensitivity Comparison: See how fast-reacting MAs (e.g., EMA, HMA) compare to slower, smoother MAs (e.g., SMA, ALMA) over the same periods — critical for understanding market momentum and lag.
Trend Strength and Consensus Detection: When two ribbons align tightly, the trend is strong and consistent; when they diverge, it signals potential reversal or market indecision.
Momentum Shift Identification: Fast MA ribbons breaking while slow MA ribbons hold indicate early momentum shifts or trap moves.
Trade Filtering and Confirmation: Only trade when both ribbons agree in direction, helping avoid false signals and improving entry/exit confidence.
Quantitative MA Efficiency Testing: Visually backtest and analyze which MA types work best for specific assets or strategies.
Use Cases:
Trend Following: Confirm trend strength by aligning both ribbons.
Reversal Anticipation: Spot divergence between ribbons as early reversal signals.
Momentum Trading: Use fast ribbons for early signals and slow ribbons for confirmation.
Breakout & Pullback Strategy: Analyze whether breakouts are sustained across different MA methodologies.
Backtesting and Optimization: Visually test combinations like EMA vs. HMA or VWMA vs. SMA to optimize strategies for specific assets.
Example MA Comparisons You Can Analyze:
Price Action vs. Volume-weighted: EMA vs. VWMA
Fast-reactive vs. Smooth: HMA vs. SMA
Minimal Lag vs. Standard: ALMA vs. EMA
Weighted vs. Wilder's (RMA): WMA vs. RMA
This is NOT:
A recommendation for what you should personally do.
Investment advice.
Intended solely for qualified investors.
Witchcraft or wizardry.
The only certainty is uncertainty
[S1B] Engulfing Orderblock
The Engulfing Orderblock indicator is a custom script designed to visually highlight and track bullish and bearish engulfing patterns on a price chart. These patterns are widely used in technical analysis to identify potential reversal points. The indicator dynamically draws colored boxes around the previous candle involved in the engulfing event, making it easier for traders to spot these setups in the price action.
Key Features:
Bullish Engulfing Pattern:
When a bearish candle (one where the open is higher than the close) is followed by a candle whose close is above the previous candle’s open, the indicator detects a bullish engulfing pattern. A green box is drawn around the previous candle.
• Box Style Options: Users can choose whether the box represents the candle’s body (from open to close) or its wick (from open to low).
Bearish Engulfing Pattern:
When a bullish candle (one where the open is lower than the close) is followed by a candle whose close is below the previous candle’s open, a bearish engulfing pattern is identified. A red box is drawn around the previous candle.
• Box Style Options: The box can be drawn using the candle’s body (from close to open) or its wick (from high to open), according to the user’s preference.
Dynamic Box Management:
Once a box is drawn, the indicator continuously monitors the price. If the price moves beyond the box’s range, the box is either deleted or its color changes to gray, indicating that the pattern’s relevance may be diminishing.
Max Pattern Tracking:
To prevent clutter, the indicator limits the number of displayed engulfing boxes to 500 by default. Older boxes are removed as new patterns are detected.
Customization:
Users can adjust the number of previous bars scanned for engulfing patterns as well as the maximum number of patterns displayed. An option is also provided to select whether the box should reflect the candle’s body or include the wick.
How It Works:
Pattern Detection:
The script compares the current price with the previous candle’s data to detect either a bullish or bearish engulfing pattern.
Box Creation:
When a pattern is detected, a colored box is drawn around the previous candle’s price range (using the user-selected style) to visually highlight the orderblock.
Pattern Expiry and Cleanup:
The indicator monitors each drawn box, deleting or modifying it (changing the color to gray) if the price moves significantly beyond the box’s range.
Remark:
The original concept for this indicator is from daisukeburn .
Victor the Predictor - Gold Advanced Analytics Suite by SK v 2.0Victor the Predictor - Gold Advanced Analytics Suite by SK v2.0
Overview:
Victor the Predictor is a powerful trading indicator designed for advanced market analysis, combining classic technical indicators with volatility-based metrics and machine learning-based predictions. This suite is specifically optimized for trading gold (XAUUSD) but can be used effectively in other markets as well.
Key Features:
✅ Swing Levels & Trend Channels: Automatically detects key support and resistance levels, along with trend channels, to help identify optimal entry and exit points.
✅ Technical Indicators: Includes RSI, MACD, and ATR for trend strength assessment and momentum-based trading decisions.
✅ Machine Learning Forecasting: Implements a predictive algorithm that analyzes historical price action, volatility, and volume to provide directional forecasts.
✅ Smart Volatility Filtering: Avoids false signals by analyzing ATR-based volatility spikes and filtering out unstable market conditions.
✅ Candle Coloring & Signal Markers: Highlights strong bullish and bearish signals based on confluence criteria, making trade opportunities visually clear.
✅ Customizable Settings: Offers full flexibility to adjust indicator parameters for different trading styles and risk preferences.
How It Works:
🔹 Support & Resistance Zones: The script calculates the highest high and lowest low within a given period to define swing levels. The mid-point between these levels serves as a potential pivot area.
🔹 Trend Analysis: The indicator overlays trend channels using EMA (50) and ATR-based deviation bands, helping traders gauge market direction and volatility expansion.
🔹 Momentum & Volume Analysis: RSI and MACD are used to confirm trade entries, while volume percentile ranks help assess market participation.
🔹 Machine Learning Predictions: A simplified ML-based approach aggregates various technical indicators into a weighted prediction score, which is normalized and projected over a short-term horizon.
🔹 Trade Signals:
BUY Signal: RSI crosses above 50, MACD is bullish, price is above EMA-14, and volatility conditions are favorable.
SELL Signal: RSI crosses below 50, MACD is bearish, price is below EMA-14, and volatility conditions are favorable.
Strong signals appear only when volatility filters confirm a stable environment.
Visualization & Alerts:
Colored Candles: Green for strong bullish signals, red for strong bearish signals.
Support & Resistance Zones: Automatically plotted key price levels.
Trend Channels: Highlight areas of expected price movement.
ML Forecast Line: A projected trend based on historical data analysis.
Buy/Sell Markers: Clear trade signals displayed directly on the chart.
Usage & Optimization:
Works best on gold (XAUUSD) but can be applied to forex, indices, and commodities.
Ideal for swing traders and day traders who use technical confluence.
Recommended timeframes: 15M, 1H, 4H, Daily.
Adjust RSI, MACD, ATR, and ML sensitivity to fine-tune signals according to market conditions.
📌 Important Note:
This indicator does not guarantee future performance and should be used alongside proper risk management strategies. Always backtest before using it in live trading.
Triple Doji SequenceThe Triple Doji Sequence indicator helps traders identify consecutive Doji candlestick patterns, allowing them to choose between spotting single, double, or triple Dojis. A Doji is detected when the candle's body is small relative to its wicks, with either the upper or lower wick being significantly larger. Users can customize their own Doji criteria by adjusting the body size and wick dominance settings. The indicator ensures that consecutive Dojis align in the same direction before confirming a valid pattern, making it easier to identify market indecision or potential trend reversals.
When the chosen Doji sequence is detected, the indicator plots a star (*) above bearish Dojis (upper wick dominant) and below bullish Dojis (lower wick dominant). It also sends alerts when a valid sequence is confirmed at the close of the bar. This tool helps traders refine their strategy by spotting repeated Doji formations, which may indicate key turning points or continuation patterns in price action.
How to Use the Triple Doji Sequence Indicator?
Apply the Indicator:
Add the Triple Doji Sequence indicator to your TradingView chart.
It will automatically scan for Doji patterns based on your settings.
Customize Your Doji Criteria:
Adjust the body size and wick dominance settings to define what qualifies as a Doji.
Choose whether to detect single, double, or triple Doji sequences.
Interpret the Signals:
A star (*) above a candle signals a bearish Doji (upper wick dominant).
A star (*) below a candle signals a bullish Doji (lower wick dominant).
Set Up Alerts:
Enable alerts to receive notifications when a Doji sequence is confirmed at bar close.
Choose alert frequency based on your trading strategy (e.g., once per bar, once per bar close).
Use in Trading Strategy:
Doji sequences can indicate trend reversals or market indecision.
Combine this indicator with support/resistance levels, volume, or other indicators to confirm signals.
PS: Good luck in finding a Triple Doji :)
