RDS Support Profit Target v0.6.32Rip Dip Signals (RDS) Support Profit Target Indicator Overview (v0.6.32)
Overview: This Pine Script indicator identifies scalping opportunities based on support/resistance levels. Designed for automated trading via TradingView alerts connected to platforms like 3Commas (API integration for millisecond execution). Monitors up to 400 assets (e.g., Binance USDT crypto pairs), but works across all markets. Focuses on quality trades over quantity—tighten top-level parameters for fewer, higher-confidence signals. Ideal timeframe: 3-minute charts for quick turnarounds (max 4-5 hour holds). Targets 0.9-1.2% profit per trade, with 1.2-3% stop losses recommnded. You can play around with the settings and see what the results are instantly on the stats table. No need for back testing.
Entry (Buy) Conditions: Triggers on a green bar after a qualifying resistance line (min 40 bars length, configurable via "Min Res Line Length"; max lookback 200 bars) followed by a support line. Requires min 3 support lines (configurable) starting since resistance began (excludes buy support). Buy at close, but aims for improvement: Future refinements to enter at true support low, not mid-dip (add price action like break above lower highs, ATR for volume confirmation, fair value gaps).
Exit (Sell) Conditions: Primarily take-profit at +0.9% (configurable). Optional: Stop-loss at -1.8% (toggleable); Support exit if price hits prior support (with 0% buffer).
Top-Level Filters: Ensures quality before trading.
Volume: Min 1M USDT 24h to avoid low liquidity.
Success Rate: Min 70% total, 90% recent (over X days back).
Duration: Max avg 5 hours for scalping.
Profit: Min avg 0.7%. Purpose: Filters volatile/poor performers; prevents overtrading.
Tables:
Stats Table: Displays total/recent buys/sells, SL exits, success rates (color-coded vs thresholds), avg duration/profit. Role: Monitors performance; qualifies symbols.
Volume Table: Shows 24h USDT volume (color-coded). Role: Quick liquidity check.
Refinements: Current issue: Optimize SL to reduce losses and optimize entries better rather than on their way to the dips. Possible suggestions: Add entry validations (e.g., candle size, indicators).
Alerts ready: Universal alerts enabled since Jan 2025 (for full watchlists vs single assets) for multi-asset efficiency. Not crypto-exclusive; can be tested on stocks/forex.
Tooltips:
There are tooltips on each setting for user clarity. Just hover over the info symbol for each setting.
I'm open to any recommendations of how to enhance the entry/exit conditions. Please comment below with feedback which is gratefully received.
Algotrading
QBCore Algø Pro EditionQBCore Algo Pro Edition is a smart-money-based indicator designed for precision trading .
This tool includes real-time CHoCH/BOS detection, internal & swing structure mapping, fair value gaps, premium/discount zones, and dynamic order block logic.
ICT PO3 Confluence Algo | Precision: NQ, SPX, BTC📌 ICT PO3 Confluence Algo | Precision: NQ, SPX, BTC
Welcome to the PO3 Confluence Algo, a structured Buy/Sell signal tool designed for NASDAQ 100 (NQ), S&P 500 (SPX), and Bitcoin (BTC).
This tool detects high-probability entries by aligning two PO3-based structural ranges:
🔹 729-point macro structure
🔸 243-point micro confirmation
Signals are only printed when both ranges align at engineered zones — helping reduce noise and isolate clean, rule-based setups.
🔍 How It Works
This indicator is built on a dual-fractal PO3 logic inspired by Goldbach-style structural models. It maps price reactions across levels such as:
RB (Range Base)
OB (Order Block)
FV (Fair Value)
EQ (Equilibrium)
These structural markers define potential entry and exit areas with improved signal timing and clarity.
🧩 Timeframes & Settings
✅ Use on:
5m–15m: Scalping / intraday sessions
30m–1H: Swing trading / macro structure
✅ Assets:
Optimized for NAS100, SPX500, and BTCUSD
Adaptable to any market respecting structured delivery
✅ Settings:
Choose between BUY/SELL labels or 🟢🔴 circle markers
Toggle Goldbach levels/zones
Adjust macro/micro PO3 ranges (default: 729 & 243)
🎯 Visual Chart Examples
These examples show PO3 confluence signals in action:
NAS100 – 15min
BTC – 30min
NAS100 – 5min
SPX – 1H
Full PO3 sweep
Use these to observe how the algo responds to PO3 alignment across different markets and timeframes.
RB, OB, FV, EQ, and more
These zones can help advanced users interpret how price interacts within structured ranges.
🟨 A secondary “special” signal style using yellow labels is also included as an optional setting. These can be turned off entirely if not required.
📊 Goldbach Visualization (Optional)
Traders may enable this mode in the settings to reveal PO3 structural zones like RB (Range Base), OB (Order Block), FV (Fair Value), EQ (Equilibrium), and more.
These overlays help clarify engineered reactions and high-interest areas in price structure.
🌟 What Makes It Unique
Multi-fractal PO3 alignment (rare in open-source scripts)
Structural logic based on engineered delivery ranges
Built for traders who prefer clean, rule-based confirmation
Adaptable to session trading, prop firm limits, and structured setups
🔐 Why Invite-Only?
This script uses a proprietary PO3 engine built from custom logic not found in public indicators. It's designed for advanced, structured execution and is protected to maintain its integrity.
⚠️ Disclaimer
This script is for educational purposes only.
It does not constitute financial advice or trading signals.
All trading involves risk. Use this tool only as part of a well-tested and structured trading plan.
Xcalibur Signals & Alerts [AlgoXcalibur]An advanced trend-following algorithm forged to empower retail traders with an edge.
Xcalibur Signals & Alerts is a sophisticated, multi-layered algorithm designed to consistently deliver real-time trend signals—without clutter or unnecessary complexity. The system combines refined trend-following logic with breakout detection, flat-market filtration, false signal failsafes, take profit cues, live alerts, and more — all in a visually simple, easy-to-use indicator built for all assets, timeframes, and market conditions.
🧠 Algorithm Logic
Xcalibur Signals & Alerts operates on a systematic framework that evaluates multiple technical dimensions in harmony—directional alignment, momentum confirmation, relative strength, volume bias, breakout detection, Fibonacci calculations, and more. Rather than reacting to isolated triggers, it filters every opportunity through a multi-layered confirmation engine. It doesn’t just react to every move—it evaluates them. This cohesive approach ensures that each signal results from aligned conditions—not arbitrary thresholds. By combining structural awareness with adaptive filtering, Xcalibur maintains clarity and consistency across a wide range of market environments—delivering actionable signals without unnecessary noise or lag.
⚙️ User-Adjustable Features
• Adjustable Sensitivity:
Choose from 5 pre-tuned Signal Trigger Settings and 3 dynamic Confirmation Filter Modes to tailor the system to your trading style, asset, and timeframe. Candle color reflects the active trigger condition, while an adaptive cyan line displays the selected Confirmation Filter—blocking signals until the filter threshold is crossed.
• Directional Stability Filter: When enabled, this filter uses mean-reversion calculations to determine directional bias and block unreliable signals during choppy, indecisive price action. A magenta line represents this filter threshold and provides higher-confidence signals during periods of low directional conviction.
• Pullback Allowance Filter:
When enabled, this unique filter uses Fibonacci ratios to deliberately block signals from temporary pullbacks during strong trend periods. A green (uptrend) or red (downtrend) line marks the active pullback allowance zone.
• False Signal Failsafe
:
Two selectable modes:
Simple — Cancels the signal if price breaks the signal candle’s high or low.
Advanced — Requires both a price break and opposing momentum confirmation.
When triggered, the system plots a white “X” signal, turns candles gray, disables the background color, sends an alert (if enabled), and enters standby mode until a valid trend condition re-emerges.
• Reaction Zones:
Identifies probable reversal or breakout zones based on recent price action patterns. A yellow line appears when active, with a yellow caution flag plotted if the price reaches this critical area.
• Take-Profit Cues
: Automatically detects potential trend exhaustion using price action structure and momentum shifts. When triggered, a visual “TP” marker is plotted—advising traders to manage profits or prepare for a possible reversal.
• Trailing Stop:
Plots a dynamic, percentage-based trailing stop or trailing take-profit using your selected input. Adjust it to suit your risk tolerance and asset.
• Multi-Timeframe Monitor
: Displays real-time trend direction across 1m, 2m, 5m, 15m, 1H, 4H, and 1D timeframes in a compact, easy-to-read table.
• Alert System
:
Receive desktop and/or mobile alerts for:
* New trend signals
* Failsafe triggers
* 9:00 AM Morning Greeting messages with auto re-arming confirmation
(Alerts are limited to 9:00 AM – 4:00 PM Eastern Time)
• SuperCandles
: Highlights strong momentum moves with a stunning and easily recognizable glow effect.
• Color-Coded Candles & Background
: Candles reflect the current trigger condition, while the background tint tracks the most recent trend—enhancing situational awareness.
*All input settings include tooltips to guide users through setup and interpretation.
⚔️ Not Just Another Signal Tool
Xcalibur Signals & Alerts was built from the ground up to empower retail traders with access to a cohesive, structured algorithmic system—one that reflects the kind of awareness, discipline, and market adaptability found in professional-grade algorithms.
This is not another oversensitive or under-responsive signal indicator that is limited to one specific type of market condition or trader. It does not utilize hyperactive triggers, rely on lagging crossover logic, or need infinitely adjustable and complex sensitivity settings. Instead of cluttered visuals to interpret, this indicator delivers a simple, easy-to-use tool—prioritizing clarity and usability without compromising on depth and sophistication.
Whether the market is trending, breaking out, or moving sideways, Xcalibur adapts—prioritizing trend stability, directional integrity, and visual clarity from one signal to the next.
⚠️ While the Xcalibur Signals & Alerts algorithm is immune to human emotion, you are not. Be mindful not to fall victim to costly emotions that can manipulate your judgment, and understand the unpredictable and complex nature of trading. No algorithm, strategy, or technique can deliver perfect accuracy, and Xcalibur Signals & Alerts is no exception. While AlgoXcalibur strives to be as accurate as possible, incorrect signals can and will occur. Xcalibur Signals & Alerts is a tool, not a guarantee. Users are fully responsible for making their own trading decisions, implementing proper risk management, and always trading responsibly.
🛡️ Wield Xcalibur as a standalone weapon or use it alongside other tools.
🔐 To get access or learn more, visit the Author’s Instructions section.
Order Blocks v2Order Blocks v2 – Smart OB Detection with Time & FVG Filters
Order Blocks v2 is an advanced tool designed to identify potential institutional footprints in the market by dynamically plotting bullish and bearish order blocks.
This indicator refines classic OB logic by combining:
Fractal-based break conditions
Time-level filtering (Power of 3)
Optional Fair Value Gap (FVG) confirmation
Real-time plotting and auto-invalidation
Perfect for traders using ICT, Smart Money, or algorithmic timing models like Hopplipka.
🧠 What the indicator does
Detects order blocks after break of bullish/bearish fractals
Supports 3-bar or 5-bar fractal structures
Allows OB detection based on close breaks or high/low breaks
Optionally confirms OBs only if followed by a Fair Value Gap within N candles
Filters OBs based on specific time levels (3, 7, 11, 14) — core anchors in many algorithmic models
Automatically deletes invalidated OBs once price closes through the zone
⚙️ How it works
The indicator:
Tracks local fractal highs/lows
Once a fractal is broken by price, it backtracks to identify the best OB candle (highest bullish or lowest bearish)
Validates the level by checking:
OB type logic (close or HL break)
Time stamp match with algorithmic time anchors (e.g. 3, 7, 11, 14 – known from the Power of 3 concept)
Optional FVG confirmation after OB
Plots OB zones as lines (body or wick-based) and removes them if invalidated by a candle close
This ensures traders see only valid, active levels — removing noise from broken or out-of-context zones.
🔧 Customization
Choose 3-bar or 5-bar fractals
OB detection type: close break or HL break
Enable/disable OBs only on times 3, 7, 11, 14 (Hopplipka style)
Optional: require nearby FVG for validation
Line style: solid, dashed, or dotted
Adjust OB length, width, color, and use body or wick for OB height
🚀 How to use it
Add the script to your chart
Choose your preferred OB detection mode and filters
Use plotted OB zones to:
Anticipate price rejections and reversals
Validate Smart Money or ICT-based entry zones
Align setups with algorithmic time sequences (3, 7, 11, 14)
Filter out invalid OBs automatically, keeping your chart clean
The tool is useful on any timeframe but performs best when combined with a liquidity-based or time-anchored trading model.
💡 What makes it original
Combines fractal logic with OB confirmation and time anchors
Implements time-based filtering inspired by Hopplipka’s interpretation of the "Power of 3"
Allows OB validation via optional FVG follow-up — rarely available in public indicators
Auto-cleans invalidated OBs to reduce clutter
Designed to reflect market structure logic used by institutions and algorithms
💬 Why it’s worth using
Order Blocks v2 simplifies one of the most nuanced parts of SMC: identifying clean and high-probability OBs.
It removes subjectivity, adds clear timing logic, and integrates optional confluence tools — like FVG.
For traders serious about algorithmic-level structure and clean setups, this tool delivers both logic and clarity.
⚠️ Important
This indicator:
Is not a signal generator or financial advice tool
Is intended for experienced traders using OB/SMC/time-based logic
Does not predict market direction — it provides visual structural levels only
BeeQuant - Hive Bars🔶 OVERVIEW
The "Hive Bars" indicator is a truly revolutionary analytical instrument, meticulously engineered to transcend the limitations of conventional price charting and unveil the profound, underlying essence of market dynamics. Imagine possessing a sophisticated visual engine that intelligently reconstructs raw price data into unique, dynamically consolidated "Hive Bars." These specialized constructs intuitively reveal the dominant market momentum and highlight high-conviction signals often obscured by the ubiquitous noise of traditional candlesticks. This indicator acts as a precision filter, illuminating exactly when pivotal shifts are occurring by coloring these reconstructed units with an adaptive, unparalleled accuracy. It is expertly crafted for the discerning trader seeking an undeniable analytical advantage, offering a fresh, meticulously refined perspective that enables the discernment of concealed patterns, fostering more decisive and confident trading actions. Crucially, "Hive Bars" now feature proactive, real-time alert capabilities, ensuring no critical market inflection point ever goes unnoticed.
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🧠 CONCEPTS
At its intellectual core, the "Hive Bars" indicator operates upon an advanced, proprietary framework that fundamentally reinterprets market data. It presents this refined information through its unique "Hive Bars"—specialized visual constructs that dynamically encapsulate the consolidated spirit and true directional bias of price action, delivering unparalleled clarity.
⬜ Smart Bar Reconstruction: Hive Bars don’t follow time, they follow the market. They are derived through a sophisticated, multi-faceted internal process that precisely captures the dominant price influence and momentum over variable periods. This structure adapts dynamically to changing conditions, letting you see the real pressure behind price moves with consistency that time-based candles can’t match. This proprietary reconstruction creates a new, inherently consistent, and highly focused visual narrative of underlying market flow, effectively stripping away extraneous "noise" and revealing the market's authentic directional intent.
⬜ Multi-Layered Internal Analysis: A dynamic and live, adaptive line powers the core of Hive Bars. It recalibrates constantly, tracking market structure in real time. Every bar is formed in relation to this internal baseline, giving immediate context to price behavior. You choose the data that drives this line—open, close, high, low, or custom blends—to match your style.
⬜ Intelligent Bar Formation Sequences: Bars are created when the market speaks, not when the clock ticks. A built-in pattern engine reads the flow and waits for real structure to form. This allows the indicator to autonomously consolidate price action, presenting a cleaner, more coherent visualization of trend development as it truly unfolds, rather than fragmented snapshots based on time.
⬜ Visual Signal Precision: "Hive Bars" spring to life with an intuitively powerful coloring system. While primary colors (Green for upward bias, Red for downward bias) denote the prevailing market direction, the "Hive Bars" indicator introduces distinctively colored "Signal Hive Bars". These specialized bars emerge when the market price exhibits a particularly robust, high-conviction interaction with the adaptive internal baseline, standing out instantly and often mark key turning points or breakouts you want to act on.
⬜ Daily Reset Option: For intraday traders, there’s a reset feature that clears the internal build-up at the start of each new trading day. This ensures fresh, unbiased perspectives that are meticulously tailored to the distinct market dynamics and cyclic rhythms of the current trading day.
⬜ Adjustable Sensitivity: With Hive Smoothing, you’re in full control. This setting lets you fine-tune how sensitive the bars are to price movement. Want tighter, faster signals? Dial it down. Prefer broader, more filtered setups? Turn it up. You decide when a new Hive Bar forms—and when a Signal Bar confirms. It’s all based on how you trade and how your asset moves. No guesswork, no one-size-fits-all defaults. Hive Bars adapts to your strategy and trading style, not the other way around.
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✨ FEATURES
The "Hive Bars" indicator is equipped with a comprehensive suite of cutting-edge features, designed for unparalleled clarity, adaptive responsiveness, augmented analytical depth, seamless interoperability with your broader analytical toolkit, and proactive real-time notifications:
🔹Proprietary Hive Bar Reconstruction
Experience a uniquely advanced visual representation of price action that dynamically consolidates market data, leading to enhanced trend and momentum clarity that goes beyond standard charting and candlestick data.
🔹Customizable Internal Analysis Line
Gain precise control over the underlying adaptive baseline's calculation by selecting various internal price source options, ensuring its alignment with your specific analytical focus.
🔹 Smart Alerts for Key Events 🔔
Get notified in real time when:
◦ A new Hive Bar completes – signaling a fresh structural range reset
◦ A new Signal Hive Bar closes – identifying a potential overbought or oversold condition
Built-in alert conditions make it easy to stay ahead of shifts without watching every candle manually.
🔹Intelligent Bar Formation Sequencing
Diamond-shaped markers clearly indicate the start of the indicator's internal combination logic for enhanced visual understanding.
🔹High-Conviction "Signal Hive Bars" (Distinct Colors)
Receive specialized, uniquely colored visual alerts when Hive Bars exhibit strong, decisive movements relative to the adaptive baseline, indicating moments of heightened market conviction and potential opportunity.
🔹Session-Based Reconstruction
Opt for the "Daily New Start" to intelligently reset the indicator's perspective with each new trading day, providing fresh, session-aligned insights tailored for intraday precision.
🔹Unrivaled External Indicator Collaboration
A truly unique and powerful advantage of "Hive Bars" is its capability to seamlessly integrate and profoundly enhance the performance of other external indicators. By outputting clean, smoothed price data, it lets you feed a higher-quality source into tools like RSI, MACD, moving averages etc. Use close for indicators like RSI, and close for moving averages. The result is better clarity, fewer false signals, and a stronger edge across your setup. Hive Bars isn’t just an indicator, it’s an upgrade for everything you use.
🔹Non-Repainting Historical Integrity
Hive Bars never repaints. Each bar is locked in only after all internal conditions are fully met. This means you can trust every historical signal—it won’t shift or vanish after the fact. What you see in hindsight is exactly what was shown in real time.
🔹Universal Timeframe Compatibility
Whether you're scalping on the 1-minute chart or analyzing multi-month trends, Hive Bars delivers consistent, clean insights. Its architecture adapts to any timeframe without losing fidelity, making it a reliable tool for any strategy or style.
🔹Cross-Market Versatility
Hive Bars is engineered to perform with precision across all major markets—whether you're trading forex, commodities, stocks, or indices. Its adaptive logic automatically aligns with the unique volatility and structure of each asset class, delivering consistently reliable insights no matter where you trade.
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⚙️ USAGE
Integrating the "Hive Bars" indicator into your daily analytical regimen is an intuitive process that will profoundly enhance your ability to discern crucial market dynamics and spot high-conviction opportunities with unprecedented clarity:
💁 Effortless Application
Simply add the "Hive Bars" indicator to any chart within your TradingView platform. Note that it plots on a separate panel below your main price chart to provide its unique visual output without obscuring the primary price action.
📊 Strategic Calibration
Access the indicator's comprehensive settings panel to meticulously calibrate its powerful engines and unlock its full potential:
⚙ "Internal EMA Config"
Configure the internal adaptive baseline by choosing its source (e.g., CLOSE, HL/2) and its specific EMA length. This shapes the core reference point for the dynamic formation of the "Hive Bars."
🤖 "CONFIG Group"
Here, you decide if you want "Daily New Start" for session-based analytical resets (particularly beneficial for intraday strategies). The "Hive Smoothing" input allows you to control a further layer of consolidation for the "Hive Bars."
🟩🟥 "Color": Customize the appearance of both standard "Hive Bars" and "Signal Hive Bars" to suit your visual preferences, enhancing their immediate interpretability.
🧭 Empirical Exploration
Experimentation with these parameters is paramount. Dedicate time to exploring different combinations across various assets and timeframes to discover the optimal configuration that resonates with your unique trading methodology and the inherent volatility of the market being analyzed.
👀 Interpreting the Unveiled Market Reality: Once calibrated, the "Hive Bars" will present a strikingly clear and actionable picture of market dynamics:
+ Green/Red Hive Bars: These visually denote the consolidated directional bias of the market over the reconstructed period. A sustained sequence of Green "Hive Bars" suggests pervasive bullish pressure and an upward path of least resistance, while a series of Red "Hive Bars" indicates dominant bearish control and a clear downward momentum.
+ "Signal Hive Bars" (Distinct Colors): Pay close attention to these specially colored "Hive Bars." They signify critical moments where the reconstructed price action exhibits a particularly strong, high-conviction interaction with its adaptive internal baseline. These often precede or confirm significant market movements and serve as your clearest, most reliable visual triggers for potential shifts in market control.
⛓️ Intermittent Appearance: Observe that "Hive Bars" do not necessarily appear for every single native time unit of your chart. They are intelligently reconstructed and consolidated representations of price action, appearing only when specific internal conditions are met to present a coherent, high-impact view of distinct market phases.
🔗 Harnessing Advanced External Synergy: To unlock a new dimension of analytical power, profoundly enhance your existing indicator suite by integrating the output of "Hive Bars" as the data source for other external indicators. When adding or configuring indicators such as RSI, Stochastic Oscillators, various Moving Averages (EMA, SMA), or any other indicator that prompts for a 'source' input, you can now select the purified output of the "Hive Bars" as your desired data stream.
For oscillators (e.g., RSI, MACD), select the close or a similar relevant output from "Hive Bars" as your source. This allows the oscillator to react to the purified, consolidated momentum of the "Hive Bars" rather than the potentially noisy raw price data, leading to smoother and more meaningful oscillator signals.
For moving averages (e.g., EMA, SMA), utilize the close or other pertinent "Hive Bar" output as your source. This provides an exceptionally smooth, highly responsive, and less choppy average that precisely tracks the true underlying trend as identified by "Hive Bars." This unique capability allows for the construction of powerfully layered and synergistic trading strategies.
📢 Setting Up Proactive Alerts for Critical Events: Leverage the newly incorporated alert capabilities to maintain real-time awareness of pivotal market developments, even when not actively monitoring your charts.
You can now choose to be alerted specifically when a "New Hive Bar Closed" (signifying the definitive completion of a major market phase as identified by the indicator) or when a "New Signal Hive Bar Closed" (highlighting a high-conviction market event that warrants immediate attention due to its pronounced significance).
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⚠️ LIMITATIONS
While the "Hive Bars" indicator is an incredibly powerful and advanced tool for dissecting market dynamics, it is vital to understand its inherent design parameters and the prevailing platform-specific constraints for optimal and informed utilization:
👉 Visual Gaps in Plotting: Due to current platform limitations pertaining to custom candle plotting functionality, you may occasionally observe visual gaps or intermittent non-contiguous plotting between "Hive Bars" on the chart. They’re not missing data, but a result of strict plotting rules. A bar is only drawn when all internal conditions are met. This ensures accuracy, even if the chart shows some spacing.
👉 Complementary Tool: This indicator excels at providing high-conviction directional insights and identifying significant market phases. However, it is fundamentally designed as a sophisticated complementary tool to a broader trading strategy, not as a standalone, all-encompassing system. Its true power is unlocked when integrated with other analytical methods.
👉 Input Calibration Essential: The efficacy and depth of insights derived from the "Hive Bars" are highly dependent on the careful and thoughtful calibration of its input parameters, including the "Internal EMA Config," "Hive Smoothing" setting. Optimal results necessitate empirical user experimentation and fine-tuning to discover the configurations best suited for specific assets, analytical objectives, and market conditions.
👉 Exclusion of Auxiliary Data: The "Hive Bars" indicator's primary focus is exclusively on transforming and presenting price data. It does not natively incorporate other vital market information such as fundamental economic data, or news events. Integrating these additional analytical layers remains an essential aspect of constructing a truly comprehensive and robust trading strategy.
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🎯 CONCLUSION
The "Hive Bars" indicator offers an unparalleled, intuitively accessible, and highly adaptable framework for instantly grasping true price momentum and direction through its intelligent, non-repainting reconstruction of market data. By transforming chaotic raw data into strikingly clear, high-conviction "Hive Bars" and dynamic signals, and now with proactive alerts to highlight critical moments, it empowers you to cut through distractions and identify market currents with unprecedented ease. Think of it as a custom lens for the market. It filters out the clutter and shows you the real structure—bars formed not by time, but by intent. It's about seeing the unseen, with enhanced clarity and a deeper understanding of market forces, now with the power to supercharge all your other tools and keep you informed. No fluff. No hype. Just an edge you can actually see—and use.
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🚨 RISK DISCLAIMER
Engagement in financial market speculation inherently carries a substantial degree of inherent risk, and the potential for capital diminution, potentially exceeding initial deposits, is a pervasive and non-trivial consideration. All content, algorithmic tools, scripts, articles, and educational materials disseminated by "Hive Bars" are exclusively purposed for informational and pedagogical objectives, strictly for reference. Historical performance data, whether explicitly demonstrated or implicitly suggested, offers no infallible assurance or guarantee of future outcomes. Users bear sole and ultimate accountability for their individual trading decisions and are emphatically urged to meticulously assess their financial disposition, risk tolerance parameters, and conduct independent due diligence prior to engaging in any speculative activity.
BeeQuant - Hive Factra🔶 OVERVIEW
The "Hive Factra" is a groundbreaking analytical instrument designed to unveil the true essence of market movement, transforming complex price action into powerfully consolidated insights. Imagine having a specialized lens that intelligently reconstructs market periods into unique "Hive Factra Bars," revealing underlying momentum and high-conviction signals often obscured in traditional charts. This indicator cuts through the noise, showing you precisely when significant shifts are occurring by coloring these reconstructed bars with an adaptive precision. It's built for traders who seek unfiltered perspective that helps see hidden patterns and make more decisive moves.
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🧠 CONCEPTS
Markets move in impulses and compressions. Most trend indicators rely on single-frame slope logic, which often flips during minor pullbacks. Hive Factra takes a different route. At its core, the "Hive Factra" operates on a sophisticated framework that reinterprets market data, presenting it through its proprietary "Hive Factra Bars", unique visualizations that capture the consolidated spirit of price action.
⬜ The "Hive Factra" Reconstruction: Unlike standard candles, "Hive Factra Bars" are intelligently re-engineered representations of market activity. They are derived through a proprietary process that captures the dominant price influence over specific periods, presenting a clearer, more focused view of underlying momentum. These unique bars visually consolidate information, making the core directional bias immediately apparent.
⬜ The Adaptive Baseline: An internal, dynamic analysis line constantly adjusts to market flow, serving as a crucial reference point for the "Hive Factra Bars." This adaptive baseline provides real-time context, helping the indicator precisely determine the significance of each reconstructed bar's movement.
⬜ High-Conviction Coloring & Signal Bars: The "Factra Bars" come to life with a discerning coloring system. While they reflect the primary market direction (Green for upward bias, Red for downward bias), the "Hive Factra" introduces specialized "Signal Hive Bars" with distinct colors. These unique bars appear when the consolidated price action exhibits a particularly strong, high-conviction interaction with the adaptive baseline, acting as powerful visual alerts for moments of heightened significance.
⬜ Session-Aligned Insights: For intraday traders, the "Daily New Start" option provides a unique advantage. When enabled, the indicator can reset its internal reconstruction process with each new trading session, offering fresh, unbiased perspectives tailored to the day's distinct market dynamics.
⬜ Dynamic Sensitivity: A configurable "Offset" allows you to fine-tune the indicator's responsiveness and the thresholds for initiating these "Hive Factra Bars" and "Signal Hive Bars." This ensures the indicator aligns perfectly with your individual trading style and the volatility of the asset you're analyzing.
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✨ FEATURES
The "Hive Factra" is equipped with a suite of cutting-edge features, all meticulously designed for unparalleled clarity, adaptive responsiveness, and augmented analytical depth:
🔹 Proprietary Hive Factra Bars
Experience a unique visual representation of price action that consolidates market data for enhanced trend and momentum clarity.
🔹 Customizable Internal Analysis Line
Control the underlying adaptive baseline's calculation for precise alignment with market flow, utilizing various price source options.
🔹 High-Conviction "Signal Hive Bars" (Distinct Colors)
Receive specialized visual alerts when Factra Bars exhibit strong, decisive movements relative to the adaptive baseline, indicating moments of heightened market conviction.
🔹 Overbought/Oversold Visuals
Signal Hive Bars highlight areas of potential exhaustion, providing intuitive insight into stretched conditions
🔹 Session-Based Reconstruction
Opt for the "Daily New Start" to reset the indicator's perspective with each new trading day, providing fresh, session-aligned insights.
🔹 Dynamic Offset Control
Adjust the "Offset" parameter to fine-tune the sensitivity of the Factra Bar reconstruction and signal generation thresholds, tailoring the indicator to specific market conditions.
🔹 Non-Repainting Logic for Historical Reliability
Each "Hive Factra Bar" is plotted only when its internal reconstruction conditions are fully met and confirmed. This ensures that the historical display of Factra Bars does not repaint, providing a high degree of reliability and trust in past signals and visualizations.
🔹 Cross-Market Versatility
This indicator is engineered to perform with precision across all major markets—whether you're trading forex, commodities, stocks, or indices. Its adaptive logic automatically aligns with the unique volatility and structure of each asset class, delivering consistently reliable insights no matter where you trade.
🔹 Custom Range Start Marker
A subtle diamond-shaped symbol is plotted to indicate the start of the Hive Factra logic cycle. This marks the bar from which the internal price range begins accumulating until a new Hive Factra Bar is confirmed and displayed. Helps visualize the dynamic evaluation period used in Factra’s structural detection.
🔹 Smart Alerts for Key Events
Get notified in real time when:
◦ A new Hive Factra Bar completes – signaling a fresh structural range reset
◦ A new Signal Hive Bar closes – identifying a potential overbought or oversold condition
Built-in alert conditions make it easy to stay ahead of shifts without watching every candle manually.
🔹 Universal Timeframe Compatibility: The "Hive Factra" is meticulously engineered to perform flawlessly across all timeframes, from rapid intraday charts to long-term weekly and monthly views. This universal compatibility ensures you receive consistent, high-quality insights regardless of your analytical horizon.
🔹 Unrivaled External Indicator Collaboration: A truly unique advantage of the "Hive Factra" is its capability to seamlessly integrate and enhance the performance of other external indicators. Its meticulously processed output, can serve as a highly purified and consolidated 'source' for indicators that accept such inputs (e.g., RSI, StochRSI, moving averages), which allows for more insightful data stream into your favorite indicators, potentially unlocking new levels of responsiveness and signal accuracy for your entire analytical setup.
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⚙️ USAGE
Integrating the "Hive Factra" into your daily analytical regimen is intuitive and will profoundly enhance your ability to discern crucial market dynamics and spot high-conviction opportunities:
💁 Effortless Application
Simply add the "Hive Factra" indicator to any chart within your TradingView platform. Note that it plots on a separate panel below your main price chart to provide its unique visual output without obscuring price.
📊 Tailored Calibration: Access the indicator's settings to unlock its full potential:
⚙ "Internal EMA Config"
Configure the internal adaptive baseline by choosing its source (e.g., Close, HL/2) and length. This shapes the core reference point for the Factra Bars.
⚙ "Hive Factra"
Decide if you want "Daily New Start" for session-based analysis and choose the "Source" type for how the Factra Bars are built.
🤖 "Offset"
Experiment with the "Offset" percentage to adjust the sensitivity of the Factra Bar's reconstruction. A smaller offset will make the Factra Bars appear more frequently, while a larger one will highlight only more significant movements.
🟩🟥 Green/Red Hive Factra Bars
These indicate the consolidated directional bias of the market over the reconstructed period. A sequence of Green bars suggests sustained bullish pressure, while Red bars point to dominant bearish control.
🚀 "Signal Hive Bars" (Unique Colors)
Pay close attention to these specially colored Hive Factra Bars. They signify moments where the reconstructed price action exhibits a high-conviction interaction with its adaptive baseline, often preceding or confirming significant market moves. These are your clearest signals for potential shifts.
✨ Appearance of Hive Factra Bars
Notice that these Bars do not necessarily appear for every single time unit. They intelligently reconstruct and consolidate price action, appearing only when conditions align to present a coherent, high-impact view of market phases.
🪢 Harnessing External Synergy
To unlock a new dimension of analysis, consider integrating "Hive Factra" as the data source for other indicators:
1. When adding indicators like RSI, StochRSI, or others that prompt for a 'source' input, you can select the "Hive Factra" as the input.
2. For oscillators (e.g., RSI, Stochastic), choose the close or similar output from "Hive Factra" as your source. This allows the oscillator to react to the purified, consolidated momentum of the Factra Bars rather than raw price.
For moving averages (e.g., EMA, SMA), use the close or other relevant Factra Bar output as your source. This provides an exceptionally smooth and responsive average that tracks the true underlying trend.
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⚠️ LIMITATIONS
While the "Hive Factra" is an incredibly powerful tool for dissecting market dynamics, it's vital to understand its design parameters for optimal use. It does not attempt to front-run reversals or predict market turns. Instead, it focuses on framing price behavior so traders can react with context.
👉 Visual Gaps in Plotting: Due to Tradingview platform limitations with custom candle plotting functionality, you may observe visual gaps between "Hive Factra Bars" on the chart. This occurs because the indicator only plots a Hive Factra Bar when its internal conditions for reconstruction are fully met, and there isn't an 'offset' parameter for custom candles to bridge these visual discontinuities. Importantly, this behavior ensures that each plotted Factra Bar is confirmed and does not repaint, providing reliable historical analysis.
👉 Reconstructed Data, Not Raw Price: It's crucial to remember that "Hive Factra Bars" are not traditional candles. They are a derived visualization that intelligently consolidates price data.
👉 Complementary Tool: This indicator excels at providing high-conviction directional insights and identifying significant market phases. However, it is designed as a sophisticated complement to a broader trading strategy, not a standalone system.
👉 Input Calibration Essential: The effectiveness of the "Hive Factra" is highly dependent on careful calibration of its input parameters, especially the "Offset" and internal EMA settings. Optimal results require user experimentation to find settings best suited for specific assets and timeframes.
👉 Exclusion of Auxiliary Data: The "Hive Factra" focuses solely on transforming price data. It does not incorporate other vital market information such as trading volume, market breadth, or fundamental news. Integrating these additional analytical layers remains essential for a comprehensive trading strategy.
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🎯 CONCLUSION
The "Hive Factra" offers an unparalleled, intuitive, and highly adaptable framework for instantly grasping true price momentum and direction through its intelligent reconstruction of market data. By transforming chaotic raw data into strikingly clear, high-conviction "Factra Bars" and dynamic signals, it empowers you to cut through distractions and identify critical market currents with ease. Its revolutionary capability for seamless collaboration with external indicators (like RSI, EMA, etc., by using its purified output as their source) means you can elevate the performance of your entire analytical suite to new levels of precision and clarity. Seamlessly integrate this advanced visual tool within your analytical framework to gain a sharper, more confident perspective, and elevate your strategic decision-making in the markets. It's about seeing the unseen, with enhanced clarity and a deeper understanding of market forces, now with the power to supercharge all your other tools.
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🚨 RISK DISCLAIMER
Engagement in financial market speculation inherently carries a substantial degree of inherent risk, and the potential for capital diminution, potentially exceeding initial deposits, is a pervasive and non-trivial consideration. All content, algorithmic tools, scripts, articles, and educational materials disseminated by "Hive Factra" are exclusively purposed for informational and pedagogical objectives, strictly for reference. Historical performance data, whether explicitly demonstrated or implicitly suggested, offers no infallible assurance or guarantee of future outcomes. Users bear sole and ultimate accountability for their individual trading decisions and are emphatically urged to meticulously assess their financial disposition, risk tolerance parameters, and conduct independent due diligence prior to engaging in any speculative market activity.
BeeQuant - Hive Smoothing Average🔶 OVERVIEW
The "Hive Smoothing Average" is your gateway to crystal-clear market insights, a truly advanced tool that cuts through confusing price "noise" to reveal the true underlying trend. Imagine having a panoramic view of the market's true direction, unclouded by minor ups and downs. This powerful indicator dynamically filters out market distractions, presenting you with a highly refined line that not only shows you the genuine path of price but also changes color. It’s built for traders who demand clarity and want to confidently spot opportunities that others might miss in messy charts.
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🧠 CONCEPTS
At its heart, the "Hive Smoothing Average" employs a sophisticated multi-stage processing system to transform raw price data into an incredibly smooth and responsive smoothed moving average line. It's designed to give you an unparalleled view of market direction and momentum.
⬜ Synthesizes multiple smoothing layers to deliver a balanced representation of underlying price action.
⬜ Offers enhanced visual consistency by filtering volatility distortion without delay-based lag.
⬜ Presents color-coded transitions and signal markers to aid in directional conviction and structural flow.
⬜ Embeds a modular smoothing core adaptable across market environments and asset classes.
Hive Smoothing Average doesn't forecast, it refines. It provides a more coherent view of price evolution, allowing for higher-confidence discretion and more robust strategy overlays.
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✨ FEATURES
Hive Smoothing Average is loaded with flexibility and visual power to enhance your decision-making:
🔹Customizable Smoothing
Tailor the indicator’s core behavior using a wide range of smoothing algorithms — from classic to advanced — to match your trading tempo and asset dynamics.
🔹 Intelligent Color Feedback
The line color dynamically shifts to reflect meaningful trend transitions, offering at-a-glance clarity without crowding your chart.
🔹 Trend Signal Markers
Built-in arrow markers highlight potential transitions in price momentum, acting as subtle nudges to investigate further.
🔹 Multi-Timeframe Ready
Designed to operate cleanly across all timeframes, from scalping micro-trends to monitoring macro cycles.
🔹 External Source Collaboration
Hive Smoothing Average includes two flexible input channels that can seamlessly connect with other indicators on your chart.
🔹 Adaptive Bands
A powerful enhancement to the Hive framework, the optional Standard Deviation Bands add dynamic context to price behavior by highlighting how far price is moving relative to its recent average volatility.
Length: Controls the lookback period for volatility calculation.
Lower values (e.g., 20 – 50) make the bands highly reactive Higher values (e.g., 200 – 500) smooth out the bands (classic envelope systems )
These bands offer valuable visual cues for both volatility expansion and mean reversion potential, especially when combined with Hive’s core candle coloration logic.
🔹Non-Repainting Logic for Historical Reliability
Each "Hive Smoothing Average" is plotted only when its internal reconstruction conditions are fully met and confirmed. This ensures that the historical display of Hive Smoothing Average does not repaint, providing a high degree of reliability and trust in past signals and visualizations.
🔹Cross-Market Versatility
This indicator is engineered to perform with precision across all major markets—whether you're trading forex, commodities, stocks, or indices. Its adaptive logic automatically aligns with the unique volatility and structure of each asset class, delivering consistently reliable insights no matter where you trade.
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⚙️ USAGE
Getting started with Hive Smoothing Average is seamless and intuitive:
✨ Apply to Any Chart
Simply add the indicator to any asset or timeframe and see immediate transformation in chart clarity.
💹 Source Data Flexibility
Choose your preferred price data source for each smoothing stage (e.g., Close, Open, High, Low), providing complete control over the input feeding the sophisticated smoothing algorithms.
🛠️ Adjust Smoothing Behavior
Choose your preferred initial and final smoothing types (EMA, HMA, ALMA, etc.), and tweak lengths for desired responsiveness or smoothness.
📐 Use Bands for Confluence
Enable the Bands mode to visualize dynamic zones around your smoothed price. Useful for breakout validation and fade zones.
🟩 Green Smoother Line
Indicates strengthening bullish bias and upward progression.
🟥 Red Smoother Line
Suggests weakening or shifting trend toward bearish territory.
📈 Arrow Signals
Upward or downward triangles appear when directional bias changes — confirming subtle pivots in trend behavior.
🎯 Offset Adjustment
Fine-tune the visual positioning of the smoothed line and bands on your chart with a convenient "Offset" input.
📏 Lookback Filter
Activate the “Lookback Filter” setting to remove weaker signals based on custom historical logic. By checking recent candle behavior, it filters out low-quality transitions and only keeps strong, confirmed shifts — helping you avoid noise and stay focused on reliable breakouts.
Experiment with settings based on your trading timeframe. Short-term traders may prefer fast-reactive configurations, while swing or positional traders can explore higher-period smoothings for structural signals.
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⚠️ LIMITATIONS
While Hive Smoothing Average delivers incredible trend clarity, it’s essential to use it within its designed purpose:
👉 Visual Clarity, Not Trade Calls: This tool enhances visibility of market behavior, not automatic signals. Use it as a trusted lens — not a standalone system.
👉 Reactive, Not Predictive: Hive Smoothing Average responds to price action with refined smoothing. It is not a forecasting model.
👉 Config-Sensitive Output: Different smoothing setups can produce different levels of sensitivity or delay. Calibration matters — explore what fits your asset and style.
👉 Focuses on Price Action Only: It does not integrate volume, fundamentals, or external market influences. It’s engineered purely for price structure refinement.
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🎯 CONCLUSION
Hive Smoothing Average provides a high-performance, low-noise framework to view price with remarkable clarity. With its adaptive smoothing layers, bands support, and intelligent signal markers, it becomes a powerful tool to enhance your trend confidence and charting efficiency. By furnishing immediate, data-driven feedback on the market's core momentum and signaling critical turning points, it profoundly empowers traders to rapidly ascertain nascent market shifts and identify pivotal directional changes. Seamlessly integrate this sophisticated visual tool within your pre-existing technical analysis architecture to acquire a sharper, more insightful perspective, and fundamentally elevate your strategic acumen, optimizing your decision-making processes to a degree previously unattainable. It's about experiencing the market's true rhythm.
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🚨 RISK DISCLAIMER
Engagement in financial market speculation inherently carries a substantial degree of inherent risk, and the potential for capital diminution, potentially exceeding initial deposits, is a pervasive and non-trivial consideration. All content, algorithmic tools, scripts, articles, and educational materials disseminated by "Hive Smoothing Average" are exclusively purposed for informational and pedagogical objectives, strictly for reference. Historical performance data, whether explicitly demonstrated or implicitly suggested, offers no infallible assurance or guarantee of future outcomes. Users bear sole and ultimate accountability for their individual trading decisions and are emphatically urged to meticulously assess their financial disposition, risk tolerance parameters, and conduct independent due diligence prior to engaging in any speculative market activity.
BeeQuant - Hive HeikinAshi💠 OVERVIEW
The "Hive HeikinAshi" is your ultimate tool for simplifying the chaotic world of price charts. Imagine a specialized lens that cuts through all the market "noise" – those tiny, confusing movements – and reveals the clear, underlying current of price action. This indicator transforms standard, sometimes choppy, candlestick charts into a powerful, trend-focused visualization. It’s designed to help every trader, whether you're a discretionary trader seeking cleaner structures or a quant enthusiast looking for visual cues to complement models, Hive HeikinAshi provides a simplified yet highly informative lens through which to read price action.
Its main advantage lies in its seamless compatibility with external indicators — offering a next-level smoothing foundation that enhances the clarity and reliability of any existing trend, momentum, or signal-based system layered on top of it.
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🧠 CONCEPTS
At its core, the "Hive HeikinAshi" isn't just another way to look at candles; it's a profound re-interpretation of price dynamics. It employs a sophisticated internal process to distill raw market movements into a more coherent, trend-identifying display, making the market's story incredibly easy to read.
The "Hive" Transformation: Unlike traditional candlesticks that show every small price fluctuation, the "Hive HeikinAshi" candles are intelligently constructed to smooth out the data. They are derived from a multi-point calculation process, creating a new, more consistent visual representation of price. This transformation helps to reduce the "visual clutter" and make trend following a much more intuitive experience. You'll see the forest, not just the trees.
⬜ Highlights dominant price direction by filtering reactive fluctuations
⬜ Visually separates impulsive vs corrective behavior with clear color transitions
⬜ Enables quicker discretionary recognition of trend shifts without complex overlays
⬜ Ideal for confirming momentum zones and stable trending phases
⬜ The Intelligent Filter. An optional yet powerful "Filter" mechanism has been integrated, providing an additional layer of analytical discernment.
⬜ Designed to integrate natively with trend-following, oscillator, or signal indicators — enabling amplified precision across diverse trading systems
A significant advantage of the "Hive HeikinAshi" is its inherent ability to minimize distracting "noise" from typical candle wicks. While standard candles can often show long, confusing wicks that obscure the true body direction, our specialized candles are engineered to emphasize the core directional move. This intelligent design allows you to focus on the momentum generated by the candle's body, rather than getting sidetracked by fleeting price extremes, thereby providing a cleaner, more reliable visual of trend strength.
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✨ FEATURES
Hive HeikinAshi includes several key features designed for both clarity and functionality:
🔹Multi-Bar Averaging
Generates a visually balanced candle structure using averaged pricing across configurable recent bars.
🔹 Wickless Visualization
Candles are rendered without upper/lower shadows, enhancing trend detection and reducing signal confusion.
🔹 Signal Filter
Adaptive color filter using a dynamic high/low lookback logic
🔹 Directional Color Coding
Clean green/red coloring helps instantly interpret bullish or bearish pressure.
🔹 Adjustable History Depth
Customize how many bars are considered in the smoothing process to match your style and timeframe.
🔹 Invisible Price Feed Outputs
Underlying smoothed OHLC values are available for custom strategies or overlays.
🔹Non-Repainting Logic for Historical Reliability
Each "Hive HeikinAshi" is plotted only when its internal reconstruction conditions are fully met and confirmed. This ensures that the historical display of HeikinAshi does not repaint, providing a high degree of reliability and trust in past signals and visualizations.
🔹Cross-Market Versatility
This indicator is engineered to perform with precision across all major markets—whether you're trading forex, commodities, stocks, or indices. Its adaptive logic automatically aligns with the unique volatility and structure of each asset class, delivering consistently reliable insights no matter where you trade.
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⚙️ USAGE
Using Hive HeikinAshi is simple and effective:
📥 Add to Chart
Once access is granted, apply the indicator to any timeframe or asset directly from your TradingView invite-only indicators list.
⚙️ Tweak “No. of Bars”
This setting controls how far back the smoothing engine looks.
• Lower values = more responsive, shorter-term smoothing
• Higher values = steadier candles, better for macro trends
🎚️ Next, consider the "Filter" option:
Turn this on to activate the advanced filtering mechanism. Then, adjust the "lookback bars" (from 1 to 10). A smaller number here will make the filter more responsive to immediate "Hive HeikinAshi" candle extremes, while a larger number will require a more sustained breakout from the recent filtered range. Experiment to discover the optimal "sweet spot" that best reveals the underlying market flow for your specific strategy. The tooltip guides you to this optimal setting.
Disable "Filter": If turned off, the candles will revert to a more direct HeikinAshi coloration based purely on their calculated open and close, without the additional layer of range filtering.
🔍 Interpreting Candles
• 🟢 Green Candle: Bullish continuation zone
• 🔴 Red Candle: Bearish pressure dominates
• Lack of wick = strong directional conviction
Combine with your favorite indicators — Hive HeikinAshi acts as a foundation to reduce noise and enhance clarity across tools like EMAs, MACD, VWAP, and more.
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⚠️ LIMITATIONS
While Hive HeikinAshi provides clear visual advantages, it is important to understand its scope:
👉 Not a Signal Generator: This indicator excels at identifying and confirming trends, making it less suitable for pinpointing exact, high-frequency entry and exit points that require unadulterated real-time price. It prioritizes overall directional clarity.
👉 Lag by Design: Due to multi-bar data smoothing, candles reflect stable price behavior but not ultra-short-term fluctuations.
👉 No Volume or Macro Inputs: Hive HeikinAshi focuses purely on price structure — it does not include volume, news, or external conditions.
👉 Filter Calibration: While the "Filter" enhances clarity, its effectiveness is dependent on appropriate "lookback bars" calibration. Users should understand that adding filtering inherently balances responsiveness with a more refined signal, and finding the optimal setting is part of the analytical process.
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🎯 CONCLUSION
Hive HeikinAshi is a powerful visual companion for modern traders seeking smoother, clearer price trends. By combining directional clarity with reduced chart clutter, it allows you to interpret the market with less noise and more confidence. Seamlessly integrate this advanced visual tool within your analytical framework to gain a sharper, more confident perspective, and elevate your strategic decision-making in the markets. It's about seeing the unseen, with clarity.
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🚨 RISK DISCLAIMER
Engagement in financial market speculation inherently carries a substantial degree of inherent risk, and the potential for capital diminution, potentially exceeding initial deposits, is a pervasive and non-trivial consideration. All content, algorithmic tools, scripts, articles, and educational materials disseminated by "Hive HeikinAshi" are exclusively purposed for informational and pedagogical objectives, strictly for reference. Historical performance data, whether explicitly demonstrated or implicitly suggested, offers no infallible assurance or guarantee of future outcomes. Users bear sole and ultimate accountability for their individual trading decisions and are emphatically urged to meticulously assess their financial disposition, risk tolerance parameters, and conduct independent due diligence prior to engaging in any speculative market activity.
BeeQuant - Hive Visualizer💠 OVERVIEW
The " Hive Visualizer " is a game-changing, invite-only tool, expertly designed to give every trader, from beginner to experienced, instant and clear visual clues about what price is doing. Its main job is to easily show you the highest and lowest points price has reached recently. Think of it as a smart, automated helper that colors your candles to reveal powerful market moves. This helps you quickly see if prices are getting stronger or weaker right on your chart. It's a groundbreaking, high-quality tool that cuts through the noise, making it simple to spot key moments when the market is about to make a big move up or down, giving you an edge.
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🧠 CONCEPTS
The core philosophy behind Hive Visualizer is rooted in contextual volatility exposure and directional bias reinforcement. Through a sophisticated internal mechanism that evaluates local maxima/minima behavior within a compact temporal field, the indicator provides adaptive color‑based candle transitions that align with latent directional pressure.
1. Uses localized equilibrium breach detection to monitor directional intent and exhaustion points.
2. Embeds a dynamically updating framework that reacts to both trend continuation and structural reversals.
3. Avoids false positives by disregarding noisy fluctuations below system‑defined relevance thresholds.
4. Provides non‑repainting, fully forward‑confirmed visual outputs for reliable retrospective analysis.
Hive Visualizer is not designed to be predictive. Instead, it allows traders to observe the evolution of price structure in a cleaner and more digestible format, supporting high-confidence discretionary execution or automated model overlays.
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✨ FEATURES
The "Hive Visualizer" comes with a suite of smart features, all designed for amazing clarity, quick reactions, and deeper understanding, making your charting experience truly effortless:
🔹 Easy Range Customization
A super easy "Smoother" setting lets you perfectly adjust how the indicator reacts to recent price changes. This means you can fine-tune it to match exactly how you like to trade
🔹 Instant, Clear Signals
The simple Green and Red candles give you immediate, unmistakable visual cues about strong upward or downward moves, providing insights you can grasp in a heartbeat.
🔹 Smart Continuity in Quiet Times
The clever way it keeps the same color for candles that aren't breaking out offers valuable, subtle insights into those periods when the market is just moving sideways or finding its balance, helping you see the hidden dynamics.
🔹 Seamless Chart Integration
This indicator works like a transparent overlay, appearing directly on your price chart without getting in the way or changing your original candles. It fits perfectly, making your analysis smooth and uninterrupted.
🔹 Clean and Focused Visuals
The indicator’s simple design focuses only on coloring the main candle body and border to clearly highlight important breakouts. This keeps your chart clean and effective, showing you only what truly matters.
🔹 Cross-Market Versatility
This indicator is engineered to perform with precision across all major markets—whether you're trading forex, commodities, stocks, or indices. Its adaptive logic automatically aligns with the unique volatility and structure of each asset class, delivering consistently reliable insights no matter where you trade.
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⚙️ USAGE
Using and making the "Hive Visualizer" a part of your trading routine is incredibly simple and designed to significantly boost how you understand the market:
Getting Started: Once you have access, just add the "Hive Visualizer" indicator to any chart and timeframe you want on TradingView. It's that easy.
Tuning the "Smoother" Setting: Go into the indicator's settings and play with the "Smoother" number. This is a crucial step to make it react just right for you.
Smaller numbers (like 1-3 bars) will make the indicator very quick to react to the most recent, short-term ups and downs, perfect for fast trading.
Larger numbers (like 5-10+ bars) will give you a wider view, smoothing out small changes and highlighting bigger, more important breakouts, ideal for longer-term analysis. Spend a little time trying different settings to find what works best for your chosen asset and your trading style – it's like finding the perfect lens for your market view.
Understanding the Colors: Once you've set it up, here's how to quickly understand what the "Hive Visualizer" is telling you: New Green Candle: This means a strong sign that buyers are in control and prices are likely to keep moving up, giving you confidence in bullish moves.
New Red Candle: This indicates as a strong signal that sellers are dominating and prices are likely to keep moving down, preparing you for bearish shifts.
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⚠️ LIMITATIONS
👉 Visual Guide, Not a Bot: Use as part of a broader strategy—it won’t auto‑trade for you
👉 Retroactive Insight: It reflects past price action; it doesn’t predict the future.
👉 Setting‑Dependent: Effectiveness relies on your “Smoother” choice—too low = noise; too high = lag.
👉 Price‑Range Focused: Highlights trends and range only — doesn’t analyze volume, news, or other complex factors.
👉 This tool enhances trend validation but isn’t a standalone signal generator.
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🎯 CONCLUSION
The "Hive Visualizer" offers an incredibly easy-to-use and adaptable way to see price strength and weakness with crystal clarity on your charts. By giving you instant, clear feedback on whether prices are powerfully breaking out or falling below a recent historical range, it truly empowers you to quickly understand market momentum and spot key turning points. Seamlessly add this smart visual tool into your current trading methods to gain a sharper, more insightful view, and elevate your trading decisions. It's about seeing the market with new eyes.
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🚨 RISK DISCLAIMER
Engagement in financial market speculation inherently carries a substantial degree of inherent risk, and the potential for capital diminution, potentially exceeding initial deposits, is a pervasive and non-trivial consideration. All content, algorithmic tools, scripts, articles, and educational materials disseminated by "Hive Visualizer" are exclusively purposed for informational and pedagogical objectives, strictly for reference. Historical performance data, whether explicitly demonstrated or implicitly suggested, offers no infallible assurance or guarantee of future outcomes. Users bear sole and ultimate accountability for their individual trading decisions and are emphatically urged to meticulously assess their financial disposition, risk tolerance parameters, and conduct independent due diligence prior to engaging in any speculative market activity.
Pivot Liquidity Sweep [scalpmeister]📌 Pivot Liquidity Sweep
Scalp-oriented, liquidity sweep-based advanced signal and strategy indicator.
This indicator analyzes the price's sweeping of significant pivot levels and the subsequent breakouts to generate long/short signals based on different logics. It is sensitive to both classic sweep logic and strong reversal candles. Additionally, it visually marks liquidity gathering zones, offering excellent opportunities especially for scalp and intraday traders.
⚙️ Features and Strategy Types
🟢 Automatic Pivot Detection:
Pivot high/low levels are detected and stored based on the number of left and right bars.
🔴 Sweep Detection (Stop Hunt):
If the price violates a pivot level with a wick and closes inside, it is considered a sweep (liquidity cleaning). Strategies activate after this sweep.
🧠 5 Different Signal Styles:
SweepBreak:
It is expected that the extreme (high/low) level of the sweeping candle is broken with a close.
PivotBreak:
After the sweep, the first newly formed pivot in the trend direction is expected to break. (It is dynamically determined and drawn on the chart.)
StrongSweep:
It is sufficient if the candle following the sweep surpasses the previous candle with a single candle. No additional breakout is expected.
StrongCandle:
Strong momentum candles measured with a special RSI calculation are taken into account. It considers strong opposite-direction candles formed shortly after a pivot sweep.
ReversalCandleSweep:
Reversal candles that close in the opposite direction after a sweep (e.g., a red close on a sweep candle formed at the top or a green close at the bottom) are directly considered as signals.
📐 Technical Details:
Signals are triggered only once (triggered control).
Sweep lines (green/red), Long and Short lines (Orange)
Strong candles are filtered using an RSI-momentum-based measurement system (StrongCandle).
Sweep and breakout zones are dynamically invalidated. That is, if the zones are violated by the price, the signals and lines are automatically canceled.
🎯 Who Should Use It?
Professional traders working with liquidity zones
Scalp and intraday strategy practitioners
Those focused on stop hunts, sweeps, and reversal zones
🔔 Alert Support:
Sweep High / Low Alert
Long / Short Signal Alert
PriceLevels GBGoldbach Price Levels – Identify Algorithmic Key Zones
This open-source indicator is designed to help traders identify potential algorithmic key zones by highlighting price levels ending with specific numbers such as 03, 11, 29, 35, 65, and 71. These levels may act as inflection points or hesitation areas based on observed behavioral patterns in price movement.
What It Does:
📌 Scans and plots horizontal price levels where the price ends with one of the selected number combinations
🎯 Toggle on/off visibility for each number ending
🎨 Customize color and thickness for each level
🏷️ Shows price labels at the end of each line
🌗 Label styles (color/transparency) are adjustable for both dark and light chart themes
🧠 Why Use It:
This tool is ideal for discretionary traders who study market structure through static price anchors. It provides a visual reference for recurring numerical levels that may be used in algorithmic trading models or serve as psychological price zones.
⚠️ Disclaimer:
This script is open-source and intended for educational and analytical purposes only. No trading signals or performance guarantees are provided. Please use your own judgment when applying this tool in a trading context.
Algorithmic Candle Finder {Darkoexe}Algorithmic Candle Finder Indicator
Algorithmic candles are candles whose size and direction are significantly influenced by institutions or large players using market algorithms. These entities can move large amounts of capital in or out of the market, creating price moves that are often difficult for retail traders to predict or react to.
This can make short-term retail trading risky and inconsistent, especially when unaware of such institutional activity. The goal of this indicator is to help identify such candles, allowing traders to avoid trading during times of potential algorithmic influence.
Detection Criteria:
A candle is marked as algorithmic if either of the following conditions are met:
Size-Based Detection: If the current candle’s size exceeds the Average True Range (ATR) of the previous candle multiplied by the ATR factor input.
Volume-Based Detection: If the current candle’s volume exceeds the average volume of recent candles (e.g., last N candles) multiplied by the volume factor input.
When a candle is deemed algorithmic, a label saying "Algo!!!!!" will appear on the chart above the candle where the condition occurred.
Usage:
Use this indicator to study which times of day algorithmic candles frequently appear. This can help you adjust your strategy to avoid trading during these unpredictable moments.
Analogy:
Think of the market like the game Agar.io: small players (retail traders) collect small pellets to grow, while larger players (institutions) devour smaller ones. The small players must avoid the big ones to survive. Likewise, in trading, retail traders should aim to avoid high-impact algorithmic activity that could “consume” their trades.
Cumulative Intraday Volume with Long/Short LabelsThis indicator calculates a running total of volume for each trading day, then shows on the price chart when that total crosses levels you choose. Every day at 6:00 PM Eastern Time, the total goes back to zero so it always reflects only the current day’s activity. From that moment on, each time a new candle appears the indicator looks at whether the candle closed higher than it opened or lower. If it closed higher, the candle’s volume is added to the running total; if it closed lower, the same volume amount is subtracted. As a result, the total becomes positive when buyers have dominated so far today and negative when sellers have dominated.
Because futures markets close at 6 PM ET, the running total resets exactly then, mirroring the way most intraday traders think in terms of a single session. Throughout the day, you will see this running total move up or down according to whether more volume is happening on green or red candles. Once the total goes above a number you specify (for example, one hundred thousand contracts), the indicator will place a small “Long” label at that candle on the main price chart to let you know buying pressure has reached that level. Similarly, once the total goes below a negative number you choose (for example, minus one hundred thousand), a “Short” label will appear at that candle to signal that selling pressure has reached your chosen threshold. You can set these threshold numbers to whatever makes sense for your trading style or the market you follow.
Because raw volume alone never turns negative, this design uses candle direction as a sign. Green candles (where the close is higher than the open) add volume, and red candles (where the close is lower than the open) subtract volume. Summing those signed volume values tells you in a single number whether buying or selling has been stronger so far today. That number resets every evening, so it does not carry over any buying or selling from previous sessions.
Once you have this indicator on your chart, you simply watch the “summed volume” line as it moves throughout the day. If it climbs past your long threshold, you know buyers are firmly in control and a long entry might make sense. If it falls past your short threshold, you know sellers are firmly in control and a short entry might make sense. In quieter markets or times of low volume, you might use a smaller threshold so that even modest buying or selling pressure will trigger a label. During very active periods, a larger threshold will prevent too many signals when volume spikes frequently.
This approach is straightforward but can be surprisingly powerful. It does not rely on complex formulas or hidden statistical measures. Instead, it simply adds and subtracts daily volume based on candle color, then alerts you when that total reaches levels you care about. Over several years of historical testing, this formula has shown an ability to highlight moments when intraday sentiment shifts decisively from buyers to sellers or vice versa. Because the indicator resets every day at 6 PM, it always reflects only today’s sentiment and remains easy to interpret without carrying over past data. You can use it on any intraday timeframe, but it works especially well on five-minute or fifteen-minute charts for futures contracts.
If you want a clear gauge of whether buyers or sellers are dominating in real time, and you prefer a rule-based method rather than a complex model, this indicator gives you exactly that. It shows net buying or selling pressure at a glance, resets each session like most intraday traders do, and marks the moments when that pressure crosses the levels you decide are important. By combining a daily reset with signed volume, you get a single number that tells you precisely what the crowd is doing at any given moment, without any of the guesswork or hidden calculations that more complicated indicators often carry.
RSI Classic calculationClassic RSI with Moving Average
This script implements the Classic RSI (Relative Strength Index) method with the option to use either an Exponential Moving Average (EMA) or a Simple Moving Average (SMA) for smoothing the gains and losses. This custom implementation primarily aims to resolve a specific issue I encountered when cross-referencing RSI values with Python-based data, which is calculated differently than in Pine Script. However, the methodology here can benefit anyone who needs to align RSI calculations across different programming languages or platforms.
The Problem:
When working with Python for data analysis, the RSI values are calculated differently. The smoothing method, for example, can vary—RMA (Relative Moving Average) may be used instead of SMA or EMA, resulting in discrepancies when comparing RSI values across systems. To solve this problem, this script allows for the same type of smoothing to be applied (EMA or SMA) as used in Python, ensuring consistency in the data.
Why This Implementation:
The main goal of this approach was to align RSI calculations across Python and Pine Script so that I could cross-check the results accurately. By offering both EMA and SMA options, this script bridges the gap between Pine Script and Python, ensuring that the data is comparable and consistent. While this particular issue arose from my work with Python, this solution is valuable for anyone dealing with cross-platform RSI comparisons in different coding languages or systems.
Benefits:
Cross-Platform Consistency: This script ensures that RSI values calculated in Pine Script are directly comparable to those from Python (or any other platform), which is crucial for accurate analysis, especially in automated trading systems.
Flexibility: The ability to choose between EMA and SMA provides flexibility in line with the specific needs of your strategy or data source.
Ease of Use: The RSI is plotted with overbought and oversold levels clearly marked, making it easy to visualize and use in decision-making processes.
Limitations:
Calculation Differences: While this script bridges the gap between Pine Script and Python, if you're working with a different platform or coding language that uses variations like RMA, small discrepancies may still arise.
Sensitivity Trade-Off: The choice between EMA and SMA impacts the sensitivity of the RSI. EMA responds quicker to recent price changes, which could lead to faster signals, while SMA provides a more stable but slower response.
Conclusion:
This Classic RSI script, with its customizable moving average type (EMA or SMA), not only solves the issue I faced with Python-based calculations but also provides a solution for anyone needing consistency across different programming languages and platforms. Whether you're working with Pine Script, Python, or other languages, this script ensures that your RSI values are aligned for more accurate cross-platform analysis. However, always be mindful of the small differences that can arise when different smoothing techniques (like RMA) are used in other systems.
MACD & Bollinger Bands Overbought OversoldMACD & Bollinger Bands Reversal Detector
This indicator combines the power of MACD divergence analysis with Bollinger Bands to help traders identify potential reversal points in the market.
Key Features:
MACD Calculation & Divergence:
The script calculates the standard MACD components (MACD line, Signal line, and Histogram) using configurable fast, slow, and signal lengths. It includes a simplified divergence detection mechanism that flags potential bearish divergence—when the price makes a new swing high but the MACD fails to confirm the move. This divergence can serve as an early warning that the bullish momentum is waning.
Bollinger Bands:
A 20-period simple moving average (SMA) is used as the basis, with upper and lower bands drawn at 2 standard deviations. These bands help visualize overbought and oversold conditions. For example, a close at or above the upper band suggests the market may be overextended (overbought), while a close at or below the lower band may indicate oversold conditions.
Visual Alerts:
The indicator plots the Bollinger Bands on the chart along with labels marking overbought and oversold conditions. Additionally, it marks potential bearish divergence with a downward triangle, providing a quick visual cue to traders.
Usage Suggestions:
Confluence with Other Signals:
Use the divergence signals and Bollinger Band conditions as filters. For example, even if another indicator suggests a long entry, you might avoid it if the price is overbought or if MACD divergence warns of weakening momentum.
Customization:
All key parameters, such as the MACD lengths, Bollinger Band period, and multiplier, are fully configurable. This flexibility allows you to adjust the indicator to suit different markets or trading styles.
Disclaimer:
This script is provided for educational purposes only. Always perform your own analysis and backtesting before trading with live capital.
Ichimoku Score Indicator [tanayroy]The Ichimoku Cloud is a comprehensive indicator that provides a clear view of market states through five key components. By analyzing the interaction between these components and the asset's price, traders can gain insights into trend direction, momentum, and potential reversals.
Introducing the Ichimoku Score System
I have developed a scoring system that quantifies these interactions, offering an objective method to evaluate market conditions. The score is calculated based on the relative positioning of Ichimoku components, with adjustable weightings via user input.
Scoring Criteria
Each component contributes to the overall score as follows:
Price vs. Cloud (Kumo) & Other Components
Price vs. Kumo → 2 Points
Price vs. Kumo Shadow → 0.5 Points
Tenkan vs. Kijun
Tenkan vs. Kijun → 2 Points
Tenkan vs. Kumo → 0.5 Points
Kijun vs. Kumo → 0.5 Points
Tenkan Slope → 0.5 Points
Kijun Slope → 0.5 Points
Chikou Span Interactions
Price vs. Chikou → 2 Points
Chikou vs. Kumo → 0.5 Points
Chikou Consolidation → 0.5 Points
Senkou Span Analysis
Senkou A vs. Senkou B → 2 Points
Senkou Slope → 0.5 Points
Price vs. Key Levels
Price vs. Tenkan → 2 Points
Price vs. Kijun → 2 Points
Interpreting the Score
The aggregate score functions as an oscillator, fluctuating between a range of ±16.0.
A higher score indicates strong bullish momentum.
A lower score suggests bearish market conditions.
To enhance readability and smooth fluctuations, a 9-period SMA is applied to the score.
Application in Algorithmic Trading
This scoring system helps integrate Ichimoku Cloud principles into algorithmic trading strategies by providing a structured and quantifiable method for assessing market conditions.
Would love to hear your feedback! 🚀 Let me know how this system works for you.
Weekly RSI Buy/Sell SignalsWeekly RSI Buy/Sell Signal Indicator
This indicator is designed to help traders identify high-probability buy and sell opportunities on the weekly chart by using the Relative Strength Index (RSI). By utilizing weekly RSI values, this indicator ensures signals align with broader market trends, providing a clearer view of potential price reversals and continuation.
How It Works:
Weekly RSI Calculation: This script calculates the RSI using a 14-period setting, focusing on the weekly timeframe regardless of the user’s current chart view. The weekly RSI is derived using request.security, allowing for consistent signals even on intraday charts.
Signal Conditions:
Buy Signal: A buy signal appears when the RSI crosses above the oversold threshold of 30, suggesting that price may be gaining momentum after a potential bottom.
Sell Signal: A sell signal triggers when the RSI crosses below the overbought threshold of 70, indicating a possible momentum shift downwards.
Visual Cues:
Buy/Sell Markers: Clear green "BUY" and red "SELL" markers are displayed on the chart when buy or sell conditions are met, making it easy to identify entry and exit points.
RSI Line and Thresholds: The weekly RSI value is plotted in real time with color-coded horizontal lines at 30 (oversold) and 70 (overbought), providing a visual reference for key levels.
This indicator is ideal for traders looking for reliable, trend-based signals on higher timeframes and can be a helpful tool for filtering out shorter-term market noise.
Z-Score Pairs TradingTitle: Z-Score Pairs Trading Indicator
Description:
This indicator implements a Z-score based pairs trading strategy, allowing traders to identify potential statistical arbitrage opportunities between two selected assets.
Key Features:
- Calculates Z-score for the price difference between any two user-selected symbols
- Visualizes Z-score with customizable thresholds for signals
- Generates long and short signals based on extreme Z-score values
- Adaptable to various markets including stocks, ETFs, and commodities
How It Works:
1. The indicator calculates the price difference between two selected symbols.
2. It then computes the Z-score of this difference, showing how far the current spread deviates from its historical average.
3. When the Z-score exceeds set thresholds (default ±2), the indicator generates trading signals.
Settings:
- Symbol A and Symbol B: Select any two tradable symbols to compare
- Lookback Period: Number of periods for calculating the moving average and standard deviation
Interpretation:
- Z-score above 2: Potential short signal (pair is likely overextended)
- Z-score below -2: Potential long signal (pair is likely oversold)
- Z-score between -2 and 2: Normal trading range, no signals
Visual Aids:
- Blue line: Z-score
- Dashed lines: Threshold levels at 0, ±1, and ±2
- Green triangles: Long signals
- Red triangles: Short signals
Disclaimer:
This indicator is for educational and research purposes only. Trading carries a high level of risk. Always conduct your own analysis and manage your risk appropriately before entering any trade.
Made by @marekfleisi
Rolling Straddle PremiumScript is Basically intended to provide insight's on the Rolling Straddle premium for the selected index based on the input settings.
Important thing to consider for the script to work seamlessly:
Specify the LTP in the input field (need not be very accurate)
Specify the Expiry Date for the Option Strike.
Ensure Profile matches to the chart script (Index Script)
Note: Zones marked in Blue, is the max level that indicator can track the option prices. beyond which it may fail to track, during such time consider reloading the indicator with Latest LTP .
Labels on the chart indicate that If i had shorted the Straddle, what would be my current position of that Straddle. however the rational behind shorting is only the pivot high points (not sure if this is right or wrong! )
Note On Labels: Labels are delayed basis the pivot point candles specified in the indicator settings.
EN: Entry Price (Straddle Premium) of the Strike Specified.
Cur: Current Price ( Current Straddle Premium ) of the Strike Specified.
SH: Max Straddle Premium ( Increase in Premium ) since position is active.
SL: Min Straddle Premium ( Premium Erosion ) since position is active.
Market Structure MTF"Market Structure MTF" is designed to help traders analyze and visualize market structures across up to three different timeframes. It allows users to customize various parameters such as period length, label size, and colors for different elements. The indicator identifies and tracks key market structure components, such as highs and lows, break of structure, and displays this information directly on the chart. It is also useful when studying Algo Trade concepts.
Additionally, it includes a table summarizing trends and providing the efficiency of the latest market data for each timeframe.
Recommended Settings
If you're new to this indicator, it's recommended to start with a single timeframe to become familiar with its functionality.
Once comfortable, you can use the following timeframes:
Base Timeframe : 15 minutes
Secondary Timeframe : 1 hour
Tertiary Timeframe : 4 hours
Another example setup could be:
Base Timeframe : 1 hour
Secondary Timeframe : 4 hours
Tertiary Timeframe : 1 day
Important Notes
Multiples of Base Timeframe : Ensure that the secondary and tertiary timeframes are multiples of the base timeframe. This ensures consistency and accuracy in analysis.
Display Order : It is recommended to display the timeframes in the correct order, with the current timeframe displayed on top of the previous ones.
Customization : You can customize the period length, label size, shapes, and colors to match your preferences.
Market Structure Elements : The indicator tracks key market structure elements such as highs and lows, which are crucial for understanding market trends and potential reversal points.
Trend Summary Table : The included table summarizes trends and provides an overview of the latest market data, helping you make informed trading decisions. The "Efficiency" column shows whether the latest structure is IPA (Inefficient Price Action) or EPA (Efficient Price Action).
Matrix Glitch | FractalystThe Matrix Glitch indicator is a visually engaging tool for traders, inspired by the iconic Matrix movie effects. It overlays price charts with dynamic, multi-colored glitches that sync with market data, creating a striking, almost surreal visual experience.
The indicator uses characters from various languages (e.g., Japanese, Chinese, Russian, English) to mimic the digital rain effect from the movies. Users can select a language, which activates a corresponding array of characters. These characters are randomly picked from the chosen array and displayed on the chart.
Underlying Calculations and Logic
Arrays in the Indicator
1- Character Management:
The script uses arrays to store sets of characters representing different symbols or alphabets. These arrays allow the indicator to dynamically select and update characters for display. Each element in these arrays corresponds to a specific character that will be used to populate the grid.
2- Current and Previous States:
Arrays are employed to keep track of the current state of characters that are displayed on the grid. Simultaneously, another set of arrays records the previous state of these characters. This dual-state management allows the script to smoothly transition between updates, handling changes in characters and visual effects like fading.
3- Transparency Control:
Transparency levels for each character in the grid are managed through arrays. These arrays store the opacity values, ensuring that each character has the appropriate level of transparency. By comparing the current and previous transparency states, the script can create effects like gradual fading or intensifying visibility.
4- Rain Effect Simulation:
To create the "rain" effect, the script maintains arrays that simulate the falling text by continuously updating the position and visibility of characters. As new characters enter the top of the grid, older ones are removed from the bottom, with their transparency levels adjusted to simulate movement.
5- Operational Flow:
Initialization : Arrays are initialized to manage both the characters and their transparency. This setup allows the script to handle the dynamic display efficiently.
Updates : During each cycle, new characters are selected and old characters are shifted accordingly. The arrays ensure that both the content and appearance of the grid are updated seamlessly.
Rendering : The arrays dictate how characters and their transparency are rendered on the grid, ensuring a cohesive and visually appealing effect.
Here's how to use the indicator step-by-step:
1- Apply the Indicator to Your Charts:
Begin by adding the indicator to your chart. This will activate the visual effect on your selected trading instrument or time frame.
Select Your Preferred Language of the Matrix Characters:
In the settings, choose the language or symbol set you want the matrix characters to display. This could be anything from traditional matrix-style characters to different alphabets or custom symbols.
2- Choose the Matrix Effect (Rain, Burst):
Decide on the type of visual effect you prefer. You can select from options like the classic "rain" effect, where characters fall from the top of the screen, or a "burst" effect, where characters explode outward or appear in a different dynamic pattern.
3- Adjust the Color According to Your Preference:
Customize the color of the matrix characters to suit your aesthetic or chart theme. You can select from a range of colors or even set up a gradient for more complex visual effects.
4- Adjust the Width and Height of the Matrix According to Your Screen:
Fine-tune the dimensions of the matrix display. Set the width and height so that the matrix fits perfectly on your screen, ensuring that it aligns well with other chart elements and doesn't obstruct your view.
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What Makes the Matrix Glitch Indicator Unique?
Language Selection:
Customizable Language: Unlike many indicators that might offer static or limited visual elements, the Matrix Glitch Indicator allows users to choose from a variety of languages for the characters displayed. This feature not only personalizes the user experience but also adds a cultural or linguistic element to trading charts. Users can select languages like Japanese, Chinese, Russian, or English, and many more.
This flexibility ensures that traders from different backgrounds can feel a connection with their charts through familiar or exotic scripts.
Dynamic Effects:
Effect Modes: The indicator offers two distinct modes - Rain Mode and Burst Mode. In Rain Mode, characters fall from the top of the chart, mimicking the iconic digital rain from the Matrix films.
In Burst Mode, characters radiate outward from a central point, creating a unique visual effect that can be synchronized with market volatility.
This dual-mode functionality allows traders to choose how they want their data to be visually represented, providing both aesthetic variety and potentially different insights into market behavior.
Color Customization:
Full Color Control: The ability to fully customize the color of the characters is a standout feature. Traders can match the indicator's colors to their trading platform's theme, their mood, or even specific market conditions (e.g., red for downturns, green for upturns). This level of customization not only aids in creating a personalized trading environment but can also serve as a visual cue for different market states.
Universal Display Compatibility:
Adjustability for All Displays: The indicator is designed to be fully adjustable for various screen resolutions and sizes. This ensures that whether you're trading on a high-resolution monitor, a laptop, or even a mobile device, the Matrix Glitch effect remains clear and impactful without compromising on the functionality of the trading chart. This adaptability is crucial in an era where trading can happen anywhere, making the indicator a versatile tool for traders on the go or in a static setup.
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Terms and Conditions | Disclaimer
Our charting tools are provided for informational and educational purposes only and should not be construed as financial, investment, or trading advice. They are not intended to forecast market movements or offer specific recommendations. Users should understand that past performance does not guarantee future results and should not base financial decisions solely on historical data.
Built-in components, features, and functionalities of our charting tools are the intellectual property of @Fractalyst use, reproduction, or distribution of these proprietary elements is prohibited.
By continuing to use our charting tools, the user acknowledges and accepts the Terms and Conditions outlined in this legal disclaimer and agrees to respect our intellectual property rights and comply with all applicable laws and regulations.
Approximate Spectral Entropy-Based Market Momentum (SEMM)Overview
The Approximate Spectral Entropy-Based Market Momentum (SEMM) indicator combines the concepts of spectral entropy and traditional momentum to provide traders with insights into both the strength and the complexity of market movements. By measuring the randomness or predictability of price changes, SEMM helps traders understand whether the market is in a trending or consolidating state and how strong that trend or consolidation might be.
Key Features
Entropy Measurement: Calculates the approximate spectral entropy of price movements to quantify market randomness.
Momentum Analysis: Integrates entropy with rate-of-change (ROC) to highlight periods of strong or weak momentum.
Dynamic Market Insight: Provides a dual perspective on market behavior—both the trend strength and the underlying complexity.
Customizable Parameters: Adjustable window length for entropy calculation, allowing for fine-tuning to suit different market conditions.
Concepts Underlying the Calculations
The indicator utilizes Shannon entropy, a concept from information theory, to approximate the spectral entropy of price returns. Spectral entropy traditionally involves a Fourier Transform to analyze the frequency components of a signal, but due to Pine Script limitations, this indicator uses a simplified approach. It calculates log returns over a rolling window, normalizes them, and then computes the Shannon entropy. This entropy value represents the level of disorder or complexity in the market, which is then multiplied by traditional momentum measures like the rate of change (ROC).
How It Works
Price Returns Calculation: The indicator first computes the log returns of price data over a specified window length.
Entropy Calculation: These log returns are normalized and used to calculate the Shannon entropy, representing market complexity.
Momentum Integration: The calculated entropy is then multiplied by the rate of change (ROC) of prices to generate the SEMM value.
Signal Generation: High SEMM values indicate strong momentum with higher randomness, while low SEMM values indicate lower momentum with more predictable trends.
How Traders Can Use It
Trend Identification: Use SEMM to identify strong trends or potential trend reversals. Low entropy values can indicate a trending market, whereas high entropy suggests choppy or consolidating conditions.
Market State Analysis: Combine SEMM with other indicators or chart patterns to confirm the market's state—whether it's trending, ranging, or transitioning between states.
Risk Management: Consider high SEMM values as a signal to be cautious, as they suggest increased market unpredictability.
Example Usage Instructions
Add the Indicator: Apply the "Approximate Spectral Entropy-Based Market Momentum (SEMM)" indicator to your chart.
Adjust Parameters: Modify the length parameter to suit your trading timeframe. Shorter lengths are more responsive, while longer lengths smooth out the signal.
Analyze the Output: Observe the blue line for entropy and the red line for SEMM. Look for divergences or confirmations with price action to guide your trades.
Combine with Other Tools: Use SEMM alongside moving averages, support/resistance levels, or other indicators to build a comprehensive trading strategy.
