Stochastic RSI with MTF TableShort Description of the Script
The provided Pine Script indicator, titled "Stochastic RSI with MTF Table," calculates and displays the Stochastic RSI for the current timeframe and multiple other timeframes (5m, 15m, 30m, 60m, 240m, and daily). The Stochastic RSI is a momentum indicator that blends the Relative Strength Index (RSI) and Stochastic Oscillator to identify overbought and oversold conditions, as well as potential trend reversals via K and D line crossovers.
Key features of the script include:
Inputs: Customizable parameters such as K smoothing (default 3), D smoothing (default 3), RSI length (default 14), Stochastic length (default 14), source price (default close), and overbought/oversold levels (default 80/20).
MTF Table: A table displays the Stochastic RSI status for each timeframe:
"OB" (overbought) if K > 80, "OS" (oversold) if K < 20, or "N" (neutral) otherwise.
Crossovers: "K↑D" for bullish (K crosses above D) and "K↓D" for bearish (K crosses below D).
Visualization: Plots the K and D lines for the current timeframe, with horizontal lines at 80 (overbought), 50 (middle), and 20 (oversold), plus a background fill for clarity.
Table Position: Configurable to appear in one of four chart corners (default: top-right).
This indicator helps traders assess momentum across multiple timeframes simultaneously, aiding in the identification of trend strength and potential entry/exit points.
Trading Strategy with 50EMA and 200EMA for Highest Winning Rate
To create a strategy with the best probability of a high winning rate using the Stochastic RSI MTF indicator alongside the 50-period Exponential Moving Average (50EMA) and 200-period Exponential Moving Average (200EMA), we can combine trend identification with momentum-based entry timing. The 50EMA and 200EMA are widely used to determine medium- and long-term trends, while the Stochastic RSI MTF table provides multi-timeframe momentum signals. Here’s the strategy:
1. Determine the Overall Trend
Bullish Trend: The 50EMA is above the 200EMA on the current timeframe (e.g., daily or 60m chart). This suggests an uptrend, often associated with a "Golden Cross."
Bearish Trend: The 50EMA is below the 200EMA on the current timeframe. This indicates a downtrend, often linked to a "Death Cross."
Implementation: Plot the 50EMA and 200EMA on your chart and visually confirm their relative positions.
2. Identify Entry Signals Using the Stochastic RSI MTF Table
In a Bullish Trend (50EMA > 200EMA):
Look for timeframes in the MTF table showing:
Oversold (OS): K < 20, indicating a potential pullback in the uptrend where price may rebound.
Bullish Crossover (K↑D): K crosses above D, signaling rising momentum and a potential entry point.
Example: If the 60m and 240m timeframes show "OS" or "K↑D," this could be a buy signal.
In a Bearish Trend (50EMA < 200EMA):
Look for timeframes in the MTF table showing:
Overbought (OB): K > 80, suggesting a rally in the downtrend where price may reverse downward.
Bearish Crossover (K↓D): K crosses below D, indicating declining momentum and a potential short entry.
Example: If the 30m and daily timeframes show "OB" or "K↓D," this could be a sell/short signal.
Current Timeframe Check: Use the plotted K and D lines on your trading timeframe for precise entry timing (e.g., confirm a K↑D crossover on a 60m chart for a long trade).
3. Confirm Signals Across Multiple Timeframes
Strengthen the Signal: A higher winning rate is more likely when multiple timeframes align with the trend and signal. For instance:
Bullish trend + "OS" or "K↑D" on 60m, 240m, and daily = strong buy signal.
Bearish trend + "OB" or "K↓D" on 15m, 60m, and 240m = strong sell signal.
Prioritize Higher Timeframes: Signals from the 240m or daily timeframe carry more weight due to their indication of broader trends, increasing reliability.
4. Set Stop-Loss and Take-Profit Levels
Long Trades (Bullish):
Stop-Loss: Place below the most recent swing low or below the 50EMA, whichever is closer, to protect against trend reversals.
Take-Profit: Target a key resistance level or use a risk-reward ratio (e.g., 2:1 or 3:1) based on the stop-loss distance.
Short Trades (Bearish):
Stop-Loss: Place above the most recent swing high or above the 50EMA, whichever is closer.
Take-Profit: Target a key support level or apply a similar risk-reward ratio.
Trailing Stop Option: As the trend progresses, trail the stop below the 50EMA (for longs) or above it (for shorts) to lock in profits.
5. Risk Management
Position Sizing: Risk no more than 1-2% of your trading capital per trade to minimize losses from false signals.
Volatility Consideration: Adjust stop-loss distances and position sizes based on the asset’s volatility (e.g., wider stops for volatile stocks or crypto).
Avoid Overtrading: Wait for clear alignment between the EMA trend and MTF signals to avoid low-probability setups.
Example Scenario
Chart: 60-minute timeframe.
Trend: 50EMA > 200EMA (bullish).
MTF Table: 60m shows "OS," 240m shows "K↑D," and daily is "N."
Action: Enter a long position when the 60m K line crosses above D, confirming the table signal.
Stop-Loss: Below the recent 60m swing low (e.g., 2% below entry).
Take-Profit: At the next resistance level or a 3:1 reward-to-risk ratio.
Outcome: High probability of success due to trend alignment and multi-timeframe confirmation.
Why This Strategy Works
Trend Following: Trading in the direction of the 50EMA/200EMA trend reduces the risk of fighting the market’s momentum.
Momentum Timing: The Stochastic RSI MTF table pinpoints pullbacks or reversals within the trend, improving entry timing.
Multi-Timeframe Confirmation: Alignment across timeframes filters out noise, increasing the win rate.
Risk Control: Defined stop-loss and position sizing protect against inevitable losses.
Caveats
No strategy guarantees a 100% win rate; false signals can occur, especially in choppy markets.
Test this strategy on historical data or a demo account to verify its effectiveness for your asset and timeframe.
This approach leverages the strengths of both trend-following (EMA) and momentum (Stochastic RSI) tools, aiming for a high-probability, disciplined trading system.
圖表形態
BB Vicinity Reversal SignalsThis indicator detects potential intraday reversal opportunities based on price action near the outer edges of Bollinger Bands (±2.7 std dev). Unlike traditional Bollinger Band signals that require strict band touches or crossings, this tool identifies reversals that occur in the vicinity of the outer bands, increasing signal frequency while maintaining logical precision.
✅ Key Features:
Buy Signal: Triggered when a bullish candle with a strong body forms near the lower Bollinger Band.
Sell Signal: Triggered when a bearish candle with a strong body forms near the upper Bollinger Band.
Vicinity logic: User-adjustable % range from the outer bands (default: 20%) to define how close price must be.
Body-to-candle ratio filter: Ensures that only meaningful directional candles trigger signals.
No repainting: All signals are generated in real-time based on confirmed candle closes.
Built-in alerts: Receive instant notifications for buy and sell setups.
This tool is ideal for traders looking to capture high-probability mean-reversion trades without being overly restrictive. It works well on intraday timeframes like 5m, 15m, and 1h.
Bollinger Volatility AnalyzerThe Bollinger Volatility Analyzer (BVA) is a powerful enhancement of the traditional Bollinger Bands indicator, tailored to help traders identify volatility cycles and catch potential breakouts with better precision and timing. It builds upon the foundational concept of Bollinger Bands—using a moving average and standard deviation bands—but adds crucial insights into market contraction and expansion, which can be instrumental in timing entries and exits.
Here's how it works and why it's useful
At its core, the indicator calculates a moving average (called the "basis") and plots two bands—one above and one below—based on a multiple of standard deviation. These bands expand during volatile periods and contract during quiet ones. The width between these bands, normalized as a percentage of the basis, gives us a sense of how compressed or expanded the market currently is. When the band width drops below a user-defined threshold (like 2%), the script highlights this with an orange triangle below the bar. This is the "squeeze" condition, signaling a potential buildup of market energy—a kind of calm before the storm.
What makes this version of Bollinger Bands particularly powerful is that it not only detects squeezes, but also tells you when price breaks out of that squeeze range. If price closes above the upper band after a squeeze, a green "Breakout ↑" label is shown; if it closes below the lower band, a red "Breakout ↓" appears. These breakout labels act as entry signals, suggesting that volatility is returning and a directional move has begun.
This indicator is especially useful in markets that tend to alternate between consolidation and breakout phases, such as forex, crypto, and even individual stocks. Traders who look for early signs of momentum—whether for swing trading, scalping, or position building—can benefit from this tool. During a quiet market phase, the indicator warns you that a move might be coming; when the move starts, it tells you the direction.
In fast-moving markets, BVA helps filter out noise by focusing only on high-probability conditions: quiet consolidation followed by a strong breakout. It’s not a complete system by itself—it works best when paired with volume confirmation or oscillators like RSI—but as a volatility trigger and directional guide, it’s a reliable component of a trading workflow.
Aroon Buy & Sell (Custom TFs)Here's a detailed explanation of your Pine Script titled "Aroon Buy & Sell (Custom TFs)":
🧠 Strategy Overview:
This script generates buy and sell signals using the Aroon indicator across two different timeframes:
* One for detecting the primary trend (Trend Timeframe)
* One for confirming precise entry signals (Signal Confirmation Timeframe)
📊 Key Components:
1. User Inputs
* trendTF: The timeframe used to determine overall trend direction (e.g., 5-minute).
* signalTF: The faster timeframe for confirming trade signals (e.g., 1-minute).
* aroonLength: Lookback period for the Aroon calculation (default 14).
* cooldownPeriod: Number of bars to wait before allowing a new signal.
2. Aroon Calculation Function
Calculates Aroon Up and Aroon Down values using the number of bars since the highest high and lowest low.
3. Multi-Timeframe Aroon Values
Uses request.security to compute Aroon values on both trendTF and signalTF.
4. Trend Detection
* A bullish trend is defined when Aroon Up crosses above Aroon Down on the trend timeframe.
* A bearish trend is defined when Aroon Down crosses above Aroon Up.
5. Signal Logic
* Buy Signal: When the overall trend is bullish and Aroon Down = 100 on the signal timeframe.
* Sell Signal: When the trend is bearish and Aroon Up = 100 on the signal timeframe.
6. Cooldown Mechanism
Prevents back-to-back signals by enforcing a cooldown (e.g., 20 bars) after each buy/sell.
7. Signal Plotting & Alerts
Plots buy/sell signals directly on the chart and supports alerts for automation.
📈 Visual Output:
* BUY label below the bar when buy conditions are met.
* SELL label above the bar when sell conditions are met.
🔔 Alerts:
Two alertconditions are defined to trigger alerts whenever a buy or sell signal occurs.
Granville's 8 Rules Visualizer 🧠 Granville’s 8 Rules Indicator
I’ve created a Pine Script indicator that visually implements **Granville’s Eight Rules**, one of the foundational theories for price movement relative to a moving average (MA). This tool helps traders better time entries and exits based on momentum shifts and MA behavior.
---
### 📈 What is Granville’s Law?
Joseph Granville’s theory suggests that **price and moving average (typically SMA)** interactions produce **8 recurring signals**:
* **4 Buy signals** (B1–B4)
* **4 Sell signals** (S1–S4)
These rules help identify the beginning or continuation of bullish and bearish trends.
---
### 🔍 Indicator Logic
This indicator uses a simple 20-period SMA (modifiable) and tracks price action in relation to it. Each signal is drawn as a triangle with a label (`B1` to `B4` or `S1` to `S4`), based on the following rules:
#### ✅ Buy Signals:
* **B1**: Price crosses above a rising MA (classic breakout)
* **B2**: Price pulls back below a rising MA, then begins rising again
* **B3**: Price bounces off a falling MA
* **B4**: Price is above a rising MA but temporarily drops
#### ❌ Sell Signals:
* **S1**: Price crosses below a falling MA
* **S2**: Price pulls back above a falling MA, then starts dropping again
* **S3**: Price bounces down off a rising MA
* **S4**: Price is below a falling MA but temporarily rises
---
### 🛠 How to Use It:
1. **Trend Confirmation**: Use the moving average slope (rising or falling) as your trend filter.
2. **Entry Timing**: Look for Buy signals (B1–B4) in uptrends and Sell signals (S1–S4) in downtrends.
3. **Avoid Noise**: Combine with volume or volatility filters (e.g. ATR or squeeze) to eliminate weak setups.
4. **Customize**: Adjust the MA type or length to fit your market (e.g. EMA for crypto, SMA for FX).
---
### 💡 Example Strategies:
* Pair **B1 + rising volume** for early trend entries
* Use **B2/B4** for retracement-based entries
* Exit on **S3/S4** for profit taking or stop logic
Happy trading!
5-Min Candle Ranges (Last 1000)Average candle size for 1000 candles. This indicators looks at the volatility of candles and averages the size of the candles.
Hybrid Swing/Day Alert System - PLATINUM EditionThis indicator is a complete trading assistant designed for crypto swing and day traders, built to identify high-probability long and short setups based on a multi-confirmation system.
Strategy Logic
The system scans and confirms entries only when 6 major confluences align:
1. EMA Trend: Price is above or below the EMA 9, 21, and 200 (bullish or bearish trend).
2. RSI Zone: RSI(14) is between 40-60 (ideal reversal zone).
3. Volume Confirmation: Volume is declining on pullback and then spikes.
4. Accumulation/Distribution: A/D line rising (for longs) or falling (for shorts).
5. Fibonacci Pullback Zone: Automatic detection of swing high/low and checks if price is inside the golden zone (0.5-0.618).
Built-In Alerts
- Long Setup Confirmed - Short Setup Confirmed - Setup Forming: Monitor
Conclusion
This script is ideal for disciplined traders who value confluence-based entries, risk/reward logic, and trend-aligned trades. Perfect for semi-automated trading via alerts or manual execution.6. Candle Pattern: Bullish (hammer, doji, engulfing) or Bearish (rejection wick, engulfing, doji).
Visual Features
- Long Entry: Green square
- Short Entry: Red triangle
- Pre-Signal Alert: Blue circle (confluence forming)
- Dynamic Table: Displays all 6 confirmations in real time
- Fibonacci Zones: Auto-plotted long/short retracement zones
- Customizable: Turn on/off alerts, overlays, and direction filters
Best Use Cases
- 4H/Daily: Trend confirmation
- 1H: Entry execution
- 15min: Scalping (use cautiously)
- Works great with BTC, ETH, SOL, XAU, and meme coins
MA Dispersion+MA Dispersion+ — read the “breathing space” between your moving-averages
Get instant feedback on trend strength, volatility expansion and mean-reversion — across any timeframe.
MA Dispersion+ turns the humble moving-average stack into a single, easy-to-read oscillator that tells you at a glance whether price is coiling or fanning out.
🧩 What it does
Plugs into your favourite MA setup
• Pick the classic 5 / 20 / 50 / 200 lengths or disable any combination with one click.
• Choose the MA engine you trust — SMA, EMA, RMA, VWMA or WMA.
• Works on any timeframe thanks to TradingView’s security() engine.
Measures “spread”
For every bar it calculates the absolute distance of each selected MA from their average.
The tighter the stack, the lower the value; the wider the fan, the higher the value.
Adds professional-grade controls
• Weighting — let short-term MAs dominate (Inverse Length), keep everything equal, or dial in your own custom weights.
• Normalisation — convert the raw distance into a percentage of price, ATR multiples, or scale by the MAs’ own mean so you can compare symbols of any price or volatility.
🔍 How traders use it
Trend confirmation – rising dispersion while price breaks out = momentum is genuine.
Volatility squeeze – dispersion parking near zero warns that a big move is loading.
Multi-TF outlook – drop one pane per timeframe (e.g. 5 m, 1 h, 1 D) and see which layer of the market is driving.
Mean-reversion plays – spikes that fade quickly often coincide with exhaustion and snap-backs.
⚙️ Quick-start
Add MA Dispersion+ to your chart.
Set the pane’s timeframe in the first input.
Tick the MA lengths you actually use.
(Optional) Pick a weighting scheme and a normaliser.
Repeat the indicator for as many timeframes as you like — each instance keeps its own settings.
✨ Why you’ll love it
Zero clutter – one orange line tells you what four separate MAs whisper.
Configurable yet bullet-proof – all lengths are hard-coded constants, so Pine never complains.
Context aware – normalisation lets you compare BTC’s $60 000 chaos with EURUSD’s four--decimals calm.
Lightweight – no labels, no drawings, no background processing — perfect for mobile and multi-pane layouts.
Give MA Dispersion+ a try and let your charts breathe — you’ll never look at moving-average ribbons the same way again.
Happy trading!
Buy and Sell Pressure Signals (Clean)This script identifies strong buy and sell pressure based purely on candlestick structure — no indicators, no clutter. It highlights key reversal or momentum candles using minimal visuals:
🔼 Green Triangle (Buy Pressure): A bullish candle with a large body and small upper/lower wicks, indicating strong upward momentum and buyer control.
🔽 Red Triangle (Sell Pressure): A bearish candle with a large body and small wicks, showing strong downward momentum and seller dominance.
Designed for traders who prefer clean, price-action-based signals without text labels or distracting overlays. Ideal for scalping, trend confirmation, or identifying exhaustion zones.
Divergence Macro Sentiment Indicator (DMSI)The Divergence Macro Sentiment Indicator (DMSI)
Think of DMSI as your daily “mood ring” for the markets. It boils down the tug-of-war between growth assets (S&P 500, copper, oil) and safe havens (gold, VIX) into one clear histogram—so you instantly know if the bulls have broad backing or are charging ahead with one foot tied behind.
🔍 What You’re Seeing
Green bars (above zero): Risk-on conviction.
Equities and commodities are rallying while gold and volatility retreat.
Red bars (below zero): Risk-off caution.
Gold or VIX are climbing even as stocks rise—or stocks aren’t fully joined by oil/copper.
Zero line: The line in the sand between “full-steam ahead” and “proceed with care.”
📈 How to Read It
Cross-Zero Signals
Bullish trigger: DMSI flips up through zero after a red stretch → fresh long entries.
Bearish trigger: DMSI tumbles below zero from green territory → tighten stops or go defensive.
Divergence Warnings
If SPX makes new highs but DMSI is rolling over (lower green bars or red), that’s your early red flag—rallies may fizzle.
Strength Confirmation
On pullbacks, only buy dips when DMSI ≥ 0. When DMSI is deeply positive, you can be more aggressive on position size or add leverage.
💡 Trade Guidance & Use Cases
Trend Filter: Only take your S&P or sector-ETF long setups when DMSI is non-negative—avoids hollow rallies.
Macro Pair Trades:
Deep red DMSI: go long gold or gold miners (GLD, GDX).
Strong green DMSI: lean into cyclicals, industrials, even energy names.
Risk Management:
Scale out as DMSI fades into negative territory mid-trade.
Scale in or add to winners when it stays bullish.
Swing Confirmation: Overlay on any oscillator or price-pattern system—accept signals only when the macro tide is flowing in your favour.
🚀 Why It Works
Markets don’t move in a vacuum. When stocks rally but the “real-economy” metals and volatility aren’t cooperating, something’s off under the hood. DMSI catches those cross-asset cracks before price alone can—and gives you an early warning system for smarter entries, tighter risk, and bigger gains when the macro trend really kicks in.
ICT iFVG Detector and Alert [by ote618]Description
This script detects ICT - fair value gaps (FVG) formed by price gaps between Candle 1 and Candle 3, then monitors the next 5 candles for an inverse fair value gap (iFVG).
What It Detects
Bullish FVG: When Candle 1 high is below Candle 3 low (BISI)
Bearish FVG: When Candle 1 low is above Candle 3 high (SIBI)
Once an FVG is detected, the script checks the next 5 candles:
A Bullish FVG becomes a Bearish IFVG if price closes below Candle 1 high
A Bearish FVG becomes a Bullish IFVG if price closes above Candle 1 low
Only the first bar that validates the FVG triggers the transition to an IFVG.
Visual Output
A shaded rectangle is plotted to mark the original FVG zone (from Candle 1 to Candle 3)
Color-coded:
Red for Bearish IFVG (validated Bullish IG)
Green for Bullish IFVG (validated Bearish IG)
The rectangle extends from Candle 1 to the validating bar
Alerts
You can receive alerts when an FVG becomes an IFVG:
Configurable to fire only on selected timeframes (1m, 5m, 15m, 60m)
Alerts include the direction and the chart timeframe
Settings
Enable Alerts For Timeframe: Choose which timeframe(s) trigger alerts
This tool helps traders identify inverse FVGs (iFVG), a useful ICT concept.
Internal Market Structure + Order BlocksInternal Market Structure + Order Blocks
This indicator combines internal market structure shifts with order block detection to help traders identify key zones of institutional interest and potential trend reversals. It highlights bullish and bearish engulfing conditions that mark the formation of valid order blocks, and it plots internal structure shifts—early signals that may precede a larger move.
Key Features:
-Bullish & Bearish Order Blocks: Highlighted with shaded boxes (green for bullish, red for bearish) following engulfing price action.
-Internal Structure Shifts: Small black triangles show early signs of a potential reversal, offering a unique perspective beyond standard structure analysis.
-Engulfing Breakouts: Marks when price breaks previous opposing structure, confirming new directional intent.
-Alerts Included: Get notified on key structure breaks and internal shifts to stay ahead of potential setups.
This tool is designed to support price action trading by visually mapping key structural changes and zones of interest directly on your chart. It is not intended to function as a standalone trading strategy , but rather as a supplementary tool to inform your own analysis and discretion.
Note: The arrows, polylines, and colored trendlines shown in the chart example are not generated by the indicator. They have been added manually for illustration purposes to demonstrate how the indicator can be used to trace market structure. Likewise, the order blocks in the example are manually drawn and may differ slightly from the indicator's automatic calculations, serving only to enhance visual clarity.
Chart Patterns [ActiveQuants]The Chart Patterns indicator is a comprehensive tool designed to automatically identify a variety of common chart patterns directly on your price chart. By detecting sequences of pivot highs and lows , this indicator helps traders spot potential trend continuations , reversals , and key market structures such as Double Tops and Double Bottoms . Enhance your technical analysis by quickly recognizing these formations as they emerge.
How It Works
The indicator operates in a two-stage process:
Pivot Point Detection: It first identifies significant swing highs and swing lows (pivot points) based on a user-defined Period . These pivots form the fundamental building blocks for pattern recognition.
Pattern Recognition: Using the sequence of these detected pivot points, the script then applies logical rules to identify the following patterns:
Lower Low (LL)
Lower Low & Lower High (LL & LH)
Higher High (HH)
Higher High & Higher Low (HH & HL)
Double Tops
Double Bottoms
Patterns are drawn on the chart with connecting lines and labeled for easy identification. Double Tops and Double Bottoms also feature a status system: " Active " while forming, " Confirmed " upon neckline breakout, or " Invalid " if specific conditions negate the pattern before confirmation.
█ KEY FEATURES
Comprehensive Pattern Detection: Identifies six distinct types of chart patterns, offering insights into both trend continuation and potential reversals.
Pivot-Based Analysis: Uses a robust method of identifying pivot highs and lows as the foundation for pattern formation.
Pattern Status for Double Tops/Bottoms:
- Active: A Double Top or Double Bottom pattern has formed its two peaks/troughs and the intervening neckline point, but the price has not yet broken beyond the neckline. The pattern is developing .
- Confirmed: The price has decisively closed beyond the neckline (below for Double Top, above for Double Bottom), signaling a potential entry or validation of the pattern.
- Invalid: An " Active " Double Top or Double Bottom pattern can be invalidated if, before a neckline breakout occurs, a new pivot point forms that negates the pattern’s structural integrity. For example, if a new pivot low forms above or at the neckline of an Active Double Top, the pattern is considered invalid because the market failed to break down and instead showed relative strength.
Customizable Visuals: Allows users to define colors for bullish and bearish patterns, line widths, and the visibility of pivot points.
Selective Pattern Display: Users can choose to display all patterns or filter by status (Active, Confirmed, Invalid) for Double Tops/Bottoms. Individual pattern types can also be toggled on or off.
Historical Analysis Control: The Show Last History (Bars) input allows users to specify how far back the indicator should plot patterns, optimizing performance and chart readability.
Clear Labeling: Patterns are clearly labeled on the chart, with Double Tops/Bottoms also showing " Top 1 ," " Top 2 ," or " Bottom 1 ," " Bottom 2 " labels.
█ PATTERNS DETECTED
Lower Low (LL): Indicates a potential bearish continuation or the start of a downtrend. Forms when price makes a lower low during an uptrend.
Lower Low & Lower High (LL & LH): A stronger confirmation of a bearish trend, where the market forms a lower low followed by a lower high .
Higher High (HH): Signals a potential bullish continuation or the start of an uptrend. Forms when price makes a higher high during a downtrend.
Higher High & Higher Low (HH & HL): A stronger confirmation of a bullish trend, where the market forms a higher high followed by a higher low .
Double Top: A bearish reversal pattern characterized by two distinct peaks at roughly the same price level, separated by a trough (neckline). Confirmation occurs when price breaks below the neckline.
Double Bottom: A bullish reversal pattern featuring two distinct troughs at roughly the same price level, separated by a peak (neckline). Confirmation occurs when price breaks above the neckline.
█ EXAMPLE: DOUBLE TOP INVALIDATION
Understanding how a Double Top or Double Bottom can be invalidated is crucial. Here's an example for a Double Top:
Formation: The indicator identifies two peaks (Top 1, Top 2) at a similar price level, with a corrective trough (Neckline Pivot P5) in between. The pattern is labeled " Double Top " and is in an " Active " state. ( Imagine points P4 and P6 are the two tops, and P5 is the low point of the neckline between them ).
Pre-Breakout Condition: The price action continues, but before it breaks decisively below the P5 neckline level, a new significant swing low (a new pivot low) forms.
Invalidation Check: The indicator checks the price level of this new pivot low. If this new pivot low occurs at a price equal to or higher than the P5 neckline level, the " Active " Double Top pattern is re-labeled as " Invalid Double Top ". ( See image below for a visual representation of this scenario )
In this example, the Double Top formed with Top 1 (P4) and Top 2 (P6). The neckline is at P5. Before price broke below P5, a new pivot low formed at the red circle. Since this new pivot low is above the P5 neckline, the Double Top is marked " Invalid ".
The logic is that the market failed to break the neckline support and instead established a higher low (or a low at the support level), suggesting that the immediate bearish pressure has waned, thus invalidating the bearish reversal implication of the Double Top before it could confirm. A similar logic applies to Double Bottoms (a new pivot high forming below or at the neckline before an upside breakout).
█ USER INPUTS
Visibility and Common Styling
- Show Last History (Bars):
Specifies the number of recent bars the indicator will analyze and plot patterns on.
Default: 3000 bars. Min: 10.
- Patterns:
Filters which patterns are displayed based on their status.
Options: All, Active, Confirmed, Invalid.
Default: All.
- Pattern Line Width:
Sets the thickness of the lines used to draw the patterns.
Default: 1. Min: 1, Max: 10.
- Bearish Color:
Color for bearish patterns (LL, LL & LH, Double Tops).
Default: Red.
- Bullish Color:
Color for bullish patterns (HH, HH & HL, Double Bottoms).
Default: Green.
Pivot Points
- Period:
The lookback period on either side of a bar to qualify it as a pivot high or low. Higher values detect more significant pivots.
Default: 10 bars. Min: 2.
- Show Pivot Highs:
Toggles the visibility of detected pivot high markers.
Default: Enabled.
- Show Pivot Lows:
Toggles the visibility of detected pivot low markers.
Default: Enabled.
- Pivot Highs Color:
Color for the pivot high markers.
Default: #ff5252 (Reddish).
- Pivot Lows Color:
Color for the pivot low markers.
Default: #089981 (Greenish).
Patterns (Toggles)
- Lower Low:
Enable/disable detection and display of Lower Low patterns.
Default: Enabled.
- Lower Low & Lower High:
Enable/disable detection and display of Lower Low & Lower High patterns.
Default: Enabled.
- Higher High:
Enable/disable detection and display of Higher High patterns.
Default: Enabled.
- Higher High & Higher Low:
Enable/disable detection and display of Higher High & Higher Low patterns.
Default: Enabled.
- Double Tops:
Enable/disable detection and display of Double Top patterns.
Default: Enabled.
- Double Bottoms:
Enable/disable detection and display of Double Bottom patterns.
Default: Enabled.
█ CONCLUSION
The Chart Patterns indicator is a versatile and powerful assistant for traders who utilize classical chart pattern analysis. By automating the detection of key formations and providing clear visual cues along with status updates for patterns like Double Tops and Bottoms, it allows traders to focus on strategy development and execution. With its customizable settings, it can be adapted to various instruments and timeframes, making it a valuable addition to any technical trader's toolkit.
█ IMPORTANT NOTES
⚠ Pivot Period Sensitivity: The Period setting for pivot detection is crucial. A shorter period will identify more frequent, smaller swings, while a longer period will focus on more significant turning points. Adjust this setting based on the asset's volatility, the timeframe you are trading and your trading style.
⚠ Confirmation is Key: While the indicator identifies patterns, always wait for pattern confirmation (e.g., neckline breaks for Double Tops/Bottoms) and consider other factors like volume and market context before making trading decisions.
⚠ Confirmed Bars for Detection: Patterns are identified based on confirmed pivot points, which means a pivot is recognized period bars after it has formed. Status updates for Double Tops/Bottoms (Active, Confirmed, Invalid) also occur on confirmed bars. This approach enhances reliability and reduces the likelihood of repainting based on intra-bar price fluctuations.
⚠ Not a Standalone System: Chart patterns provide valuable insights, but they should be used in conjunction with other technical analysis tools (e.g., trendlines, moving averages, oscillators) and a sound risk management plan.
⚠ Lagging Nature: By their very definition, chart patterns are lagging indicators as they require a sequence of price action and several pivot points to complete their formation.
█ RISK DISCLAIMER
Trading involves a substantial risk of loss and is not suitable for every investor. The information provided by the Chart Patterns indicator is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any security. Chart patterns indicate potential price movements but do not guarantee future results. Always perform your own due diligence and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
📈 Happy trading! 🚀
Pivot ATR Zones [v6]🟩 Pivot ATR Zones
Overview:
The Pivot ATR Zones indicator plots dynamic support and resistance zones based on pivot highs and lows, combined with ATR (Average True Range) volatility levels. It helps traders visually identify potential long and short trade areas, along with realistic target and stop loss zones based on market conditions.
Features:
Automatically detects pivot highs and lows
Draws ATR-based entry zones on the chart
Plots dynamic take-profit and stop-loss levels using ATR multipliers
Color-coded long (green) and short (red) zones
Entry arrow markers for clearer trade visualization
Real-time alerts when new zones form
Best For:
Scalpers, intraday traders, and swing traders who want a visual, volatility-aware way to mark potential trade areas based on key pivot structures.
How to Use:
Look for newly formed green zones for long opportunities and red zones for short setups.
Use the dashed lines as dynamic take-profit and stop levels, tuned to the current ATR value.
Combine with other confirmation tools or indicators for optimal results.
SMPivot Gaussian Trend Strategy [Js.K]This open-source strategy combines a Gaussian-weighted moving average with “Smart Money” swing-pivot breaks (BoS = Break-of-Structure) to capture trend continuations and early reversals. It is intended for educational and research purposes only and must not be interpreted as financial advice.
How the logic works
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1. Gaussian Moving Average (GMA)
• A custom Gaussian kernel (length = 30 by default) smooths price while preserving turning points.
• A second pass (“Smoothed GMA”) further filters noise; only its direction is used for bias.
2. Swing-Pivot detection
• High/Low pivots are found with a symmetric look-back/forward window (Pivot Length = 20).
• The most recent confirmed pivot creates a dynamic structure level (UpdatedHigh / UpdatedLow).
3. Entry rules
Long
• Price closes above the most recent pivot high **and** above Smoothed GMA.
Short
• Price closes below the most recent pivot low **and** below Smoothed GMA.
4. Exit rules
• Fixed stop-loss and take-profit in percent of current price (user-defined).
• Separate parameters and on/off switches for longs and shorts.
5. Visuals
• GMA (dots) and Smoothed GMA (line).
• Structure break lines plus “BoS PH/PL” labels at the midpoint between pivot and break.
Inputs
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Gaussian
• Gaussian Length (default 30) – smoothing window.
• Gaussian Scatterplot – toggle GMA dots.
Smart-Money Pivot
• Pivot Length (default 20).
• Bull / Bear colors.
Risk settings
• Long / Short enable.
• Individual SL % and TP % (default 1 % SL, 30 % TP).
• Strategy uses percent-of-equity sizing; initial capital defaults to 10 000 USD.
Adjust these to reflect your own account size, realistic commission and slippage.
Best practice & compliance notes
--------------------------------
• Test on a data sample that yields ≥ 100 trades to obtain statistically relevant results.
• Keep risk per trade below 5–10 % of equity; the default values comply with this guideline.
• Explain any custom settings you publish that differ from the defaults.
• Do **not** remove the code header or licence notice (MPL-2.0).
• Include realistic commission and slippage in your back-test before publishing.
• The script does **not** repaint; orders are processed on bar close.
Usage
-----
1. Add the script to any symbol / timeframe; intraday and swing timeframes both work—adjust lengths accordingly.
2. Configure SL/TP and position size to match your personal risk management.
3. Run “List of trades” and the performance summary to evaluate expectancy; forward-test before live use.
Disclaimer
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Trading involves substantial risk. Past performance based on back-testing is not necessarily indicative of future results. The author is **not** responsible for any financial losses arising from the use of this script.
Candle Rating (1–5)This “Candle Rating (1–5)” indicator measures where each bar’s close sits within its own high-low range and assigns a simple strength score:
Range Calculation
It computes the candle’s total range (high − low) and finds the close’s position as a percentage of that range (0 = close at low, 1 = close at high).
Five-Point Rating
1 (Strong Buy): Close in the top 20% of the range
2 (Moderate Buy): 60–80%
3 (Neutral): 40–60%
4 (Moderate Sell): 20–40%
5 (Strong Sell): Bottom 20%
Visual Feedback
It plots the numeric rating above each bar (colored green → red), giving you an at-a-glance read of candle momentum and potential reversal strength across any timeframe.
Overnight Bias: Net Long/Short with PercentOvernight bias can assist with NY session gap fades or gap and go trading once the NY session is open.
Some general gap rules are:
1. Gap Direction Aligned with Overnight Bias
Rule: If the NY session gaps up and the overnight bias is Net Long (e.g., >60% of bars above the overnight open), favor longs.
Confirmation: Look for price to hold above overnight open or VWAP.
Invalidation: If price re-enters the overnight range, reassess.
2. Gap Opposing Overnight Bias (Contrarian Setup)
Rule: If the NY opens opposite the overnight bias, expect potential gap fill or reversal.
Trade Bias: Look for retracement back toward the overnight open or VWAP.
Example: Overnight was Net Long, but NY gaps down → wait for reclaim of VWAP to go long, else fade strength.
3. Gap Into Prior Day Value Area (VAH to VAL)
Rule: If the NY session gaps into the prior day value area:
It implies mean reversion behavior.
Expect price to rotate toward the POC (point of control).
Trade Bias: Fade toward POC if overnight bias is balanced or opposite the gap direction.
4. Gap Outside Prior Day Value Area
Rule: A gap above VAH or below VAL suggests potential breakout or new trend day.
Trade Bias: If overnight bias aligns (e.g., gap above VAH + Net Long overnight), consider trend continuation.
Invalidation: If price breaks back inside the prior day value area, watch for failed breakout → fade trade possible.
5. Gap Above Prior Day High / Below Prior Day Low
Rule: This is a true breakout gap.
Above Prior High + Net Long Bias: Look for continuation.
Below Prior Low + Net Short Bias: Look for sell pressure continuation.
Trade Bias: Use pullbacks to the prior high/low or overnight open for continuation setups.
6. Gap Within Prior Day Range
Rule: If the NY open is within the prior day’s high and low, expect chop or balanced conditions.
Trade Bias: Use overnight VWAP and prior POC as decision zones. Be cautious unless a breakout occurs.
7. Failed Gap and Re-entry into Prior Day Range
Rule: If price gaps above prior high but re-enters the prior range, it's a failed breakout.
Trade Bias: Look for a fade back to VAH or POC.
Confirmation: Watch for breakdown below overnight VWAP or failure to hold overnight open.
8. Gap + Overnight VWAP Divergence
Rule: If price gaps opposite the direction of VWAP (e.g., VWAP rising, gap down), wait for confirmation.
Trade Bias: Be cautious with early trades. Bias may flip if VWAP is reclaimed.
9. Gap + Overnight Open Test
Rule: If price opens with a gap and then retests the overnight open, that level becomes a decision zone.
Trade Bias:
Hold above = trend continuation.
Rejection = gap fill or reversal.
10. Unfilled Gap = Trend Bias
Rule: If the gap remains unfilled for the first 30–60 minutes, it increases the odds of a trend day.
Trade Bias: Trade pullbacks in the direction of the gap and overnight bias.
Should anyone have suggestion to add please do so.
LANZ Strategy 3.0🔷 LANZ Strategy 3.0 — Asian Range Fibonacci Strategy with Execution Window Logic
LANZ Strategy 3.0 is a rule-based trading system that utilizes the Asian session range to project Fibonacci levels and manage entries during a defined execution window. Designed for Forex and index traders, this strategy focuses on structured price behavior around key levels before the New York session.
🧠 Core Components:
Asian Session Range Mapping: Automatically detects the high, low, and midpoint during the Asian session.
Fibonacci Level Projection: Projects configurable Fibonacci retracement and extension levels based on the Asian range.
Execution Window Logic: Uses the 01:15 NY candle as a reference to validate potential reversals or continuation setups.
Conditional Entry System: Includes logic for limit order entries (buy or sell) at specific Fib levels, with reversal logic if price breaks structure before execution.
Risk Management: Entry orders are paired with dynamic SL and TP based on Fibonacci-based distances, maintaining a risk-reward ratio consistent with intraday strategies.
📊 Visual Features:
Asian session high/low/mid lines.
Fibonacci levels: Original (based on raw range) and Optimized (user-adjustable).
Session background coloring for Asia, Execution Window, and NY session.
Labels and lines for entry, SL, and TP targets.
Dynamic deletion of untriggered orders after execution window expires.
⚙️ How It Works:
The script calculates the Asian session range.
Projects Fibonacci levels from the range.
Waits for the 01:15 NY candle to close to validate a signal.
If valid, a limit entry order (BUY or SELL) is plotted at the selected level.
If price structure changes (e.g., breaks the high/low), reversal logic may activate.
If no trade is triggered, orders are cleared before the NY session.
🔔 Alerts:
Alerts trigger when a valid setup appears after 01:15 NY candle.
Optional alerts for order activation, SL/TP hit, or trade cancellation.
📝 Notes:
Intended for semi-automated or discretionary trading.
Best used on highly liquid markets like Forex majors or indices.
Script parameters include session times, Fib ratios, SL/TP settings, and reversal logic toggle.
Credits:
Developed by LANZ, this script merges traditional session-based analysis with Fibonacci tools and structured execution timing, offering a unique framework for morning volatility plays.
Equal High/Low (EQH/EQL) [AlgoAlpha]OVERVIEW
This script detects and visualizes Equal High (EQH) and Equal Low (EQL) zones—key liquidity areas where price has previously stalled or reversed. These levels often attract institutional interest due to the liquidity buildup around them. The indicator is built to highlight such zones using dynamic thresholding, overbought/oversold RSI filtering, and adaptive mitigation logic to manage zone relevance over time.
CONCEPTS
Equal Highs/Lows are price points where the market has repeatedly failed to break past a certain high or low, hinting at areas where stop orders and pending interest may be concentrated. These areas are often prime targets for liquidity grabs or reversals. By combining this with RSI filtering, the script avoids false signals during neutral conditions and instead focuses on zones where market pressure is more directional.
FEATURES
Detection Logic: The script identifies EQH and EQL zones by comparing the similarity between recent highs or lows with a dynamic volatility threshold. The `tolerance` input allows users to control how strict this comparison is.
RSI Filtering: If enabled, it only creates zones when RSI is significantly overbought or oversold (based on the `state_thresh` input). This helps ensure zones form only in meaningful market conditions.
Zone Display: Bullish (EQL) zones are shown in grey, while bearish (EQH) zones are in blue. Two horizontal lines mark the zone using wick and body extremes, and a filled area visualizes the zone between them.
Zone Management: Zones automatically extend with price until they’re invalidated. You can choose whether a zone is removed based on wick or body sweeps and whether it requires one or two candle confirmations. Zones also expire after a customizable number of bars.
Alerts: Four alert conditions are built in—when a new EQH/EQL is formed and when one is mitigated—making it easy to integrate into alert-based workflows.
USAGE
Equal highs/lows can be used as liquidity markers, either as entry points or as take-profit targets.
This tool is ideal for liquidity-based strategies and helps traders map out possible reversal or sweep zones that often precede aggressive moves.
Uptrend Filter: Price > 50 & 200 MA + Upward SlopeThis indicator is designed to help traders instantly identify strong uptrend conditions based on two simple yet powerful criteria:
Price is above both the 50-day and 200-day moving averages
Both moving averages are sloping upward (positive momentum)
When both conditions are met, the indicator plots a green “UP” label below the candle, signaling a valid uptrend setup. This filter is ideal for asset selection in strategy-building, portfolio rotation, or trend-following systems.
🧠 Why it works:
The 50-day MA reflects medium-term momentum.
The 200-day MA represents the long-term trend.
When both are aligned and sloping upward, it confirms strong market structure and trend health.
🧰 Best used for:
Token screening (e.g., filtering altcoins)
Momentum-based entries
Trend confirmation
Risk filtering in strategy backtesting
Intraday Trading IndicatorIndicator Overview
Moving Averages: Uses a fast EMA (9-period) and a slow EMA (21-period) to determine the trend direction.
Market Profile Approximation: Utilizes VWAP (Volume Weighted Average Price) as a simplified proxy for value area, acting as a dynamic support/resistance level.
SMC: Incorporates the concept of trend confirmation and price interaction with key levels, focusing on pullbacks to the fast EMA within a trending market.
Signals: Generates buy and sell signals when price crosses the fast EMA, filtered by the trend (fast EMA vs. slow EMA) and VWAP position, aiming for high-probability setups.
This design ensures responsiveness on short timeframes while filtering out noise, aligning with the goal of accurate signals for intraday trading.
Liquidity Sweep Detector – PDH/PDL LevelsPrevious Day High/Low Liquidity Sweep Detector (Intraday Accurate)
This indicator tracks the previous day's high and low using intraday data, rather than the daily candle, ensuring precise sweep detection across lower timeframes (15m to 4H).
It monitors for liquidity sweeps—moments when price briefly moves above the previous high or below the previous low—and visually marks these events on the chart.
Key Features
Intraday-accurate PDH/PDL tracking
Real-time sweep detection
On-chart labels marking sweep events
Toggleable table showing sweep status
Alert conditions for PDH/PDL sweep triggers
Best For
Traders who use Smart Money Concepts (SMC), liquidity-based strategies, or look for stop hunts and reversal zones tied to key prior-day levels.
Works well across FX, crypto, and indices on 15m, 1H, and 4H charts.
Smart Range DetectorSmart Range Detector
What It Does
This indicator automatically detects and validates significant trading ranges using pivot point analysis combined with logarithmic fibonacci relationships. It operates by identifying specific pivot patterns (High-Low-High and Low-High-Low) that meet fibonacci validation criteria to filter out noise and highlight only the most reliable trading ranges. Each range is continuously monitored for potential mitigation (breakout) events.
Key Features
Identifies both High-Low-High and Low-High-Low range patterns
Validates each range using logarithmic fibonacci relationships (more accurate than linear fibs)
Detects range mitigations (breakouts) and visually differentiates them
Shows fibonacci levels within ranges (25%, 50%, 75%) for potential reversal points
Visualizes extension levels beyond ranges for breakout targets
Analyzes volume profile with customizable price divisions (default: 60)
Displays Point of Control (POC) and Value Area for traded volume analysis
Implements performance optimization with configurable range limits
Includes user-adjustable safety checks to prevent Pine Script limitations
Offers fully customizable colors, line widths, and transparency settings
How To Use It
Identify Valid Ranges : The indicator automatically detects and highlights trading ranges that meet fibonacci validation criteria
Monitor Fibonacci Levels : Watch for price reactions at internal fib levels (25%, 50%, 75%) for potential reversal opportunities
Track Extension Targets : Use the extension lines as potential targets when price breaks out of a range
Analyze Volume Structure : Enable the volume profile mode to see where most volume was traded within mitigated ranges
Trade Range Boundaries : Look for reactions at range highs/lows combined with volume POC for higher probability entries
Manage Performance : Adjust the maximum displayed ranges and history bars settings for optimal chart performance
Settings Guide
Left/Right Bars Look Back : Controls how far back the indicator looks to identify pivot points (higher values find more ranges but may reduce sensitivity)
Max History Bars : Limits how far back in history the indicator will analyze (stays within Pine Script's 10,000 bar limitation)
Max Ranges to Display : Restricts the total number of ranges kept in memory for improved performance (1-50)
Volume Profile : When enabled, shows volume distribution analysis for mitigated ranges
Volume Profile Divisions : Controls the granularity of the volume analysis (higher values show more detail)
Display Options : Toggle visibility of range lines, fibonacci levels, extension lines, and volume analysis elements
Transparency & Color Settings : Fully customize the visual appearance of all indicator elements
Line Width Settings : Adjust the thickness of lines for better visibility on different timeframes
Technical Details
The indicator uses logarithmic fibonacci calculations for more accurate price relationships
Volume profile analysis creates 60 price divisions by default (adjustable) for detailed volume distribution
All timestamps are properly converted to work with Pine Script's bar limitations
Safety checks prevent "array index out of bounds" errors that plague many complex indicators
Time-based coordinates are used instead of bar indices to prevent "bar index too far" errors
This indicator works well on all timeframes and instruments, but performs best on 5-minute to daily charts. Perfect for swing traders, range traders, and breakout strategists.
What Makes It Different
Most range indicators simply draw boxes based on recent highs and lows. Smart Range Detector validates each potential range using proven fibonacci relationships to filter out noise. It then adds sophisticated volume analysis to help traders identify the most significant price levels within each range. The performance optimization features ensure smooth operation even on lower timeframes and extended history analysis.
