Engulfing and ATR-Imbalance [odnac]This Pine Script indicator combines two powerful concepts—Engulfing Candlestick Patterns and ATR Imbalance—to identify potential market reversal points with increased precision.
Engulfing Candlestick Patterns:
Bullish Engulfing: Identified when a candle closes higher than it opens, and it completely engulfs the previous candle (previous close is lower than the current open, and previous high is lower than the current close).
Bearish Engulfing: Identified when a candle closes lower than it opens, and it completely engulfs the previous candle (previous close is higher than the current open, and previous low is higher than the current close).
Bar Coloring: These patterns are highlighted with a customizable color (light gray by default) to make them easily identifiable.
ATR-Based Imbalance:
The Average True Range (ATR) is used to measure market volatility, and this script checks if the current candle’s range (difference between high and low) exceeds a defined multiple of the ATR, indicating a possible imbalance.
Imbalance Detection: If the current candle’s range is greater than ATR * imbalance multiplier (default multiplier: 1.5), it is marked as an ATR imbalance.
Bar Coloring: Candles with a significant imbalance (greater range than the ATR-based threshold) are highlighted in yellow, indicating an outlier or extreme price movement.
Engulfing + ATR Imbalance:
When both a Bullish Engulfing pattern and an ATR Imbalance are detected, a green triangle up is plotted below the bar, signaling a potential bullish reversal.
Conversely, when both a Bearish Engulfing pattern and an ATR Imbalance occur, a red triangle down is plotted above the bar, signaling a potential bearish reversal.
User Inputs:
Engulfing Plot: Enable or disable the plotting of Engulfing Candles.
ATR Length: Set the period used to calculate the ATR (default is 5).
Imbalance Multiplier: Adjust the multiplier to define the threshold for ATR imbalance detection (default is 1.5).
Bar Colors: Customizable color for both Engulfing candles and Imbalance candles.
Engulfing & Imbalance Plot: Enable or disable plotting of the combined conditions (Engulfing + ATR Imbalance) with arrows.
How This Indicator Helps:
By combining price action patterns with volatility analysis, this indicator highlights high-probability reversal points where significant price movement (imbalance) coincides with a clear Engulfing pattern. Traders can use these signals to time entries or exits based on both price action and market volatility.
圖表形態
Equilibrium Range
Equilibrium Range Indicator
The Equilibrium Range Indicator is a powerful tool designed to assist traders in identifying key market equilibrium zones. By dynamically plotting ranges derived from critical market levels, this indicator provides actionable insights for trade entries, exits, and position management. It is particularly suited for traders who focus on intraday price action and rely on understanding market structure for decision-making.
How the Indicator Works
High-Timeframe Structural Equilibrium (Structural EQ)
This level is calculated by identifying the largest visible swing high and swing low on the 5-minute chart.
It represents the structural price equilibrium, where market sentiment is balanced between buyers and sellers.
Previous Day's Equilibrium (Historical EQ)
Derived from the midpoint of the previous day's high and low prices.
Acts as a historical reference point for potential support or resistance zones.
Dynamic Range Construction
The indicator combines the Structural EQ and the Historical EQ to create an Equilibrium Range.
This range is visually displayed on the chart as a transparent yellow rectangle, ensuring clear and immediate recognition.
Extension and Labeling
The equilibrium range extends infinitely to the right, keeping it relevant for ongoing price action.
A labeled "EQ Range" inside the rectangle ensures traders can quickly identify its purpose.
How to Use the Indicator
Consolidation Zones
The Equilibrium Range helps identify areas where price is likely to consolidate, aiding in avoiding trades during periods of low volatility.
Trade Entries and Exits
Use the upper and lower bounds of the range as guides for setting take-profit and stop-loss levels.
Ideal for scaling in and out of trades based on how price interacts with the range.
Market Sentiment and Breakouts
Observe how price behaves relative to the range:
Breakouts above the range may signal bullish momentum.
Breakouts below the range may indicate bearish trends.
Why It's Original
This indicator stands out by combining multiple concepts of equilibrium into a single, coherent visualization. Unlike traditional support/resistance indicators, the Equilibrium Range Indicator dynamically adapts to market structure while integrating historical context, providing traders with a unique perspective for analyzing price action.
Malaysian SnR [by DanielM]The Malaysian SnR (Support and Resistance) levels are a popular trading concept that identifies specific price levels on charts which are considered significant for trading decisions. Here's a breakdown of the concepts:
A Levels and V Levels: These refer to specific types of SNR levels:
A Levels: These are formed at the highest points of price movements. The indicator highlights these levels with a red line.
V Levels: These are formed at the lowest points of price movements, typically observed as valleys in chart patterns. The indicator highlights these levels with a green line.
Fresh and Unfresh Levels:
Fresh Levels: These are price levels that have not been touched by a wick since their formation. They are considered more significant because they might provide a stronger reaction when the price touches these levels again.
Unfresh Levels: These are levels that have been touched by a wick since their formation. Each time a level is tested, it is considered less significant because it might offer weaker resistance or support. A level that has been tested can become fresh again if it's crossed by a candle body.
Gaps:
A gap occurs when you have two bullish candles or two bearish candles. It is defined as the area between the close of the first candle and the open of the next one. It is marked by drawing a line at the closing price of the first candle, thus representing the level where the gap was initially observed. The indicator highlights these levels with a blue lines for bullish gaps and violet lines for bearish gaps.
Fresh vs. Unfresh Gaps:
Similar to A and V levels, gaps can be classified as fresh or unfresh. A fresh gap is one that hasn't been touched by a wick after it was created. These are often considered more significant because they may hold stronger as potential support or resistance. Unfresh gaps have been touched by a wick, and they may be considered less significant. A gap that has been tested can become fresh again if it's crossed by a candle body.
Inputs:
Number of bars to look back to detect A levels, V levels, and Gaps.
Allows users to toggle the visibility of only fresh A and V levels.
Allows users to decide whether to display gap levels or not.
Allows users to decide whether to display only fresh gaps.
Allows the users to set the maximum number of A levels, V levels and gaps on the chart.
Auto Wyckoff Schematic [by DanielM]This indicator is designed to automatically detect essential components of Wyckoff schematics. This tool aims to capture the critical phases of liquidity transfer from weak to strong hands, occurring before a trend reversal. While the Wyckoff method is a comprehensive and a very nuanced approach, every Wyckoff schematic is unique, making it impractical to implement all its components without undermining the detection of the pattern. Consequently, this script focuses on the essential elements critical to identifying these schematics effectively.
Key Features:
Swing Detection Sensitivity:
The sensitivity of swing detection is adjustable through the input parameter. This parameter controls the number of past bars analyzed to determine swing highs and lows, allowing users to fine-tune detection based on market volatility and timeframes.
Pattern Detection Logic:
Accumulation Schematic:
Detects consecutive lower swing lows, representing phases like Selling Climax (SC) and Spring, which often precede a trend reversal upward. After the final low is identified, a higher high is detected to confirm the upward trend initiation.
Labeled Key Points:
SC: Selling Climax, marking the beginning of the accumulation zone.
ST: Secondary Test during the schematic.
ST(b): Secondary Test in phase B.
Spring: The lowest point in the schematic, signaling a final liquidity grab.
SOS: Sign of Strength, confirming a bullish breakout.
The schematic is outlined visually with a rectangle to highlight the price range.
Distribution Schematic:
Detects consecutive higher swing highs, which indicate phases such as Buying Climax (BC) and UTAD, often leading to a bearish reversal. After the final high, a lower low is detected to confirm the downward trend initiation.
Labeled Key Points:
BC: Buying Climax, marking the beginning of the distribution zone.
ST: Secondary Test during the schematic.
UT: Upthrust.
UTAD: Upthrust After Distribution, signaling the final upward liquidity grab before a bearish trend.
SOW: Sign of Weakness, confirming a bearish breakout.
The schematic is visually outlined with a rectangle to highlight the price range.
Notes:
Simplification for Practicality: Due to the inherent complexity and variability of Wyckoff schematics, the indicator focuses only on the most essential features—liquidity transfer and key reversal signals.
Limitations: The tool does not account for all components of Wyckoff's method (e.g., minor phases or nuanced volume analysis) to maintain clarity and usability.
Unique Behavior: Every Wyckoff schematic is different, and this tool is designed to provide a simplified, generalized approach to detecting these unique patterns.
[COG] Advanced School Run StrategyAdvanced School Run Strategy (ASRS) – Explanation
Overview: The Advanced School Run Strategy (ASRS) is an intraday trading approach designed to identify breakout opportunities based on specific time and price patterns. This script applies the concepts of the Advanced School Run Strategy as outlined in Tom Hougaard's research, adapted to work seamlessly on TradingView charts. It leverages 5-minute candlestick data to set actionable breakout levels and provides traders with visual cues and alerts to make informed decisions.
Features:
Dynamic Breakout Levels: Automatically calculates high and low levels based on the market's behavior during the initial trading minutes.
Custom Visualization: Highlights breakout zones with customizable colors and transparency, providing clear visual feedback for bullish and bearish breakouts.
Configurable Alerts: Includes alert conditions for both bullish and bearish breakouts, ensuring traders never miss a trading opportunity.
Reset Logic: Resets breakout levels daily at the market open to ensure accurate signal generation for each session.
How It Works:
The script identifies key levels (high and low) after a configurable number of minutes from the market open (default: 25 minutes).
If the price breaks above the high level or below the low level, a corresponding breakout is detected.
The script draws breakout zones on the chart and triggers alerts based on the breakout direction.
All levels and signals reset at the start of each new trading session, maintaining relevance to current market conditions.
Customization Options:
Line and box colors for bullish and bearish breakouts.
Transparency levels for breakout visualizations.
Alert settings to receive notifications for detected breakouts.
Acknowledgment: This script is inspired by Tom Hougaard's Advanced School Run Strategy. The methodology has been translated into Pine Script for TradingView users, adhering to TradingView’s policies and community guidelines. This script does not redistribute proprietary content from the original research but implements the principles for educational and analytical purposes.
Custom Support LineIt is made with the following conditions in mind.
1. At the center of the candle at the moment,
Out of the last 10 candles, the low price (L) is within 3% of each other, drawing one line at the low prices of the candles.
2. Out of the last 10 candles, the market price (O) is within 3% of each other, drawing one line at the low end of each candle.
3.Out of the last 10 candles, the closing price (C) is within 3% of each other, and one line is drawn at the lower prices of the candles.
4. Draw one line when the three lines match the above three conditions.
We wanted to create a clear support line according to the above conditions.
Trend Analysis with Volatility and MomentumVolatility and Momentum Trend Analyzer
The Volatility and Momentum Trend Analyzer is a multi-faceted TradingView indicator designed to provide a comprehensive analysis of market trends, volatility, and momentum. It incorporates key features to identify trend direction (uptrend, downtrend, or sideways), visualize weekly support and resistance levels, and offer a detailed assessment of market strength and activity. Below is a breakdown of its functionality:
1. Input Parameters
The indicator provides customizable settings for precision and adaptability:
Volatility Lookback Period: Configurable period (default: 14) for calculating Average True Range (ATR), which measures market volatility.
Momentum Lookback Period: Configurable period (default: 14) for calculating the Rate of Change (ROC), which measures the speed and strength of price movements.
Support/Resistance Lookback Period: Configurable period (default: 7 weeks) to determine critical support and resistance levels based on weekly high and low prices.
2. Volatility Analysis (ATR)
The Average True Range (ATR) is calculated to quantify the market's volatility:
What It Does: ATR measures the average range of price movement over the specified lookback period.
Visualization: Plotted as a purple line in a separate panel below the price chart, with values amplified (multiplied by 10) for better visibility.
3. Momentum Analysis (ROC)
The Rate of Change (ROC) evaluates the momentum of price movements:
What It Does: ROC calculates the percentage change in closing prices over the specified lookback period, indicating the strength and direction of market moves.
Visualization: Plotted as a yellow line in a separate panel below the price chart, with values amplified (multiplied by 10) for better visibility.
4. Trend Detection
The indicator identifies the current market trend based on momentum and the position of the price relative to its moving average:
Uptrend: Occurs when momentum is positive, and the closing price is above the simple moving average (SMA) of the specified lookback period.
Downtrend: Occurs when momentum is negative, and the closing price is below the SMA.
Sideways Trend: Occurs when neither of the above conditions is met.
Visualization: The background of the price chart changes color to reflect the detected trend:
Green: Uptrend.
Red: Downtrend.
Gray: Sideways trend.
5. Weekly Support and Resistance
Critical levels are calculated based on weekly high and low prices:
Support: The lowest price observed over the last specified number of weeks.
Resistance: The highest price observed over the last specified number of weeks.
Visualization:
Blue Line: Indicates the support level.
Orange Line: Indicates the resistance level.
Both lines are displayed on the main price chart, dynamically updating as new data becomes available.
6. Alerts
The indicator provides configurable alerts for trend changes, helping traders stay informed without constant monitoring:
Uptrend Alert: Notifies when the market enters an uptrend.
Downtrend Alert: Notifies when the market enters a downtrend.
Sideways Alert: Notifies when the market moves sideways.
7. Key Use Cases
Trend Following: Identify and follow the dominant trend to capitalize on sustained price movements.
Volatility Assessment: Measure market activity to determine potential breakouts or quiet consolidation phases.
Support and Resistance: Highlight key levels where price is likely to react, assisting in decision-making for entries, exits, or stop-loss placement.
Momentum Tracking: Gauge the strength and speed of price moves to validate trends or anticipate reversals.
8. Visualization Summary
Main Chart:
Background color-coded for trend direction (green, red, gray).
Blue and orange lines for weekly support and resistance.
Lower Panels:
Purple line for volatility (ATR).
Yellow line for momentum (ROC).
Daily Session DividerThis script draws vertical lines showing the new daily sessions. These will only be displayed when it's on an intraday timeframe (lower than daily timeframe).
Settings:
Line Color: Choose the color you want and change the opacity
Line Width: If you want a thicc line. Defaults to 1 (recommended setting)
Line Style: Choose between solid (default), dashed, or dotted
Smart VolumeThis script introduces a unique approach to volume analysis by combining three critical components that work together to identify institutional activity:
1. Adaptive Volume Analysis
- Automatically calculates significant volume thresholds specific to each stock (current bar volume compared to the average of previous 6 bars)
- Unlike standard indicators using fixed multipliers (like 2x average volume), this adapts to each stock's unique trading characteristics
- Example: A 2x volume spike might be significant for AAPL but irrelevant for a volatile small-cap
2. Volume Contraction Pattern (VCP) Detection
- Identifies periods of decreasing volume with precise criteria:
• Requires 6+ consecutive periods of declining volume
• Volume must compress by at least 20% from peak
• Price must remain within a defined channel
- Automatically detects completion of compression patterns
3. RVM (Relative Volatility Measure) Integration
- Measures current volatility against historical averages
- Identifies low-volatility periods that often precede major moves
- When combined with volume compression, signals higher probability setups
How Components Work Together:
- Volume spikes are evaluated against stock-specific thresholds
- VCP detection runs continuously to identify compression patterns
- RVM confirms volatility contraction aligned with volume compression
- When all three align, the indicator signals potential breakout entry
Usage:
1. Monitor volume bars for spikes above adaptive thresholds (bright green/red)|
2. Monitor average volume line turning from white to green indicating volume contraction (the brighter the green the more contraction happened)
2. Watch for green shading at the zero-line indicating volatility compression (RVM)
3. Use the statistics table for more insights
Original Features:
- First indicator to combine adaptive volume thresholds with VCP detection
- Implements stock-specific volume analysis instead of fixed multipliers
- Integrates volatility confirmation with volume patterns
- Provides real-time statistical analysis of compression patterns
Best suited for daily timeframes on liquid stocks where institutional activity is most visible.
Note: While patterns suggest potential moves, always confirm with price action before trading.
Video:
Monthly DividerThis Trading View indicator visually marks the beginning of each month starting from January 2024. It draws vertical lines on the chart at the start of each month and labels them with the corresponding month abbreviation (e.g., "Jan", "Feb"). Users can customize the color and thickness of the lines through the indicator settings, allowing for personalized chart aesthetics. This tool is ideal for traders and analysts who want to easily identify month transitions and enhance their technical analysis.
TTMW: Zig Zag (Deviation Adjusted)### Objective
The **TTMW+: Zig Zag (Deviation Adjusted)** indicator identifies significant price movements by determining key support and resistance levels. It helps traders spot turning points in price trends using deviation thresholds and pivot points. Additionally, it highlights price reversals, cumulative volume at these points, and percentage changes, providing insights into price rotation dynamics.
---
### Brief Calculation
1. **Deviation Threshold Calculation**:
- The deviation is based on the difference between the high and low of the previous monthly bar, normalized by the close price and adjusted by a user-defined multiplier (`dev_threshold_mul`).
\ - M_{Low} |}{M_{Close}} \times 100\right) \times \text{Multiplier}
\]
2. **Pivot Detection**:
- **High Pivot**: A point where the current price is higher than a defined range of preceding and succeeding prices (`depth`).
- **Low Pivot**: A point where the current price is lower than a defined range of preceding and succeeding prices.
- Pivots are calculated using the `pivots` function.
3. **Price Rotation and Reversal**:
- Measures the percentage or absolute price change from the last pivot to the current price.
- Labels and lines are dynamically plotted at reversal points to reflect the cumulative volume and price changes.
\
4. **Line and Label Plotting**:
- When the price moves beyond the deviation threshold, a line connects the previous pivot to the current price.
- Labels display details like price, percentage change, and cumulative volume.
5. **Extension to Last Bar**:
- Optionally, extends the last significant price movement to the latest bar for real-time monitoring.
---
### Use Case
This indicator is ideal for:
- Identifying **trend reversals**.
- Highlighting **support and resistance zones**.
- Visualizing **price momentum and volume dynamics**.
Order Block plusIndicator Description: “Order Block Plus”
This indicator is designed for traders who aim to identify the strength and position of supply and demand zones on the chart and receive key signals for entry or exit. Below is a detailed explanation of its functionality:
Features and Applications:
1. Identifying Supply and Demand Zones:
• Supply (Resistance) and Demand (Support) zones are visually displayed on the chart.
• Each zone is marked with a specific color (Yellow for supply, Blue for demand) for easy identification.
2. Breakout and Reversal Signals:
• The indicator detects Breakout and Reversal patterns and highlights them with alerts.
• Example: Detecting price breaking above or below key levels.
3. Candlestick Pattern Support:
• Identifies powerful patterns such as Bullish Engulf, Bearish Engulf, Three White Soldiers, and Three Black Crows.
4. Displaying Zone Strength:
• The indicator shows the strength of supply and demand zones using text displayed inside each zone.
5. Alerts:
• Provides alerts for zone breakouts, breakdowns, and new zone formations.
• Example: Alerts for breaking a demand or supply zone.
How to Use:
1. Adding to the Chart:
• The indicator can be applied to any time frame and is suitable for Forex, stocks, or cryptocurrency charts.
2. Identifying Trading Opportunities:
• Demand zones indicate strong support levels where prices are likely to rise.
• Supply zones indicate resistance levels where prices are likely to fall.
3. Examining Zone Strength:
• The strength of each zone is displayed with text inside the zone.
Indicator Settings:
• Zone Colors:
• The default colors for supply and demand zones are yellow and blue, but they can be customized.
• Alerts:
• Configurable alerts for breakouts or reversals.
Advantages:
• Automatic detection of key price levels.
• Accurate and timely alerts for trades.
• Customizable for professional traders.
Note: This indicator is designed for technical analysis and should be used alongside a suitable trading strategy.
Xmoon – 3 Push Divergence RSI Indicator – Premium – V2Introducing the Xmoon – 3 Push Divergence RSI Indicator – Premium – V2
The Xmoon – 3 Push Divergence RSI Indicator is designed based on a logical and precise strategy to help you identify suitable entry and exit points by combining divergences and market reversal patterns. With this tool, you can effectively spot trading opportunities in all market conditions, including uptrends, downtrends, and even sideways markets.
Divergence: A Powerful Signal for Market Reversal
Divergence is one of the most important signals of market reversal, widely used by professional traders. This indicator accurately identifies 3 Push Divergence patterns for you and highlights these patterns by plotting lines between their pivots. Moreover, as soon as the pattern is detected, the indicator draws lines for stepwise entries, stepwise exits, and capital management.
Stepwise Entry: Flexibility in Trade Management
When a 3 Push Divergence pattern forms, there is a high likelihood that the market will react to it. However, since the exact reversal point cannot be predicted, stepwise entry allows you to better align with market fluctuations and adapt flexibly to market changes.
In each step, you can increase your entry capital incrementally by one unit, enabling you to manage risk and capital more effectively.
Exit Management: Choosing Between Risk-Free and Target
After every entry, the indicator plots two lines for you:
1. Target Line: When you see the market moving in line with your analysis and want to take advantage of the profits.
2. Risk-Free Line: If you find the market conditions unfavorable, you can exit your position at break-even (considering spread, commissions, etc.).
Why Use This Indicator?
• Multiple Signal Detection: Due to price movements and the frequent occurrence of 3 Push Divergence patterns in the market, you can benefit from the multiple signals generated by this indicator across various timeframes.
• Professional Capital Management: This tool allows you to manage the risk and profit of your trades in the best possible way with stepwise entries and multiple exit settings.
• Effective in All Market Conditions: You can take advantage of trading opportunities in all market conditions, whether trending or sideways.
• Alignment with Real Market Momentum: You can utilize optimized distances between entry and exit levels designed based on real market momentum.
How to Use This Indicator?
1. Detecting the 3 Push Divergence Pattern: When the indicator detects a 3 Push Divergence pattern, it plots entry levels for each step, allowing you to start and set your trade with the specified capital.
2. Managing Stepwise Trades: Upon detecting the pattern, you can open your first trade at Step 1. If the market does not move in line with your initial analysis and reaches the entry levels for subsequent steps, you can increase your position size accordingly.
3. Exit Management: At each entry step, you can decide based on market conditions whether to focus on the target level or exit the trade at the risk-free level. (To display the risk-free and target lines, simply go to the indicator settings window and enable the relevant options.)
Conclusion
The Xmoon – 3 Push Divergence RSI indicator is a powerful tool for identifying and capitalizing on market reversal opportunities. By combining stepwise entry, professional exit management, and the robust logic of divergence, you can make better decisions and optimize the risk of your trades.
Buy/Sell Break and RetestThis script is a Pine Script indicator for TradingView titled **"Buy/Sell Break and Retest"**. Here's a description of its functionality:
### Purpose:
The script identifies potential **buy** and **sell entry levels** based on break-and-retest patterns in the market. It works by analyzing higher timeframe data (e.g., 1-hour) and marking entries on a lower timeframe (e.g., 1-minute).
### Key Features:
1. **Configurable Timeframes**:
- `Analysis Timeframe`: Used for identifying break-and-retest signals (default: 1-hour).
- `Entry Timeframe`: Used for marking and plotting entries (default: 1-minute).
2. **Buy and Sell Signals**:
- A **sell entry** is triggered when a bearish candle (close < open) is identified in the analysis timeframe.
- A **buy entry** is triggered when a bullish candle (close > open) is identified in the analysis timeframe.
3. **Retest Logic**:
- For sell signals: The retest is validated when the price breaks below the identified sell level.
- For buy signals: The retest is validated when the price breaks above the identified buy level.
4. **Visual Indicators**:
- Entry levels are marked with labels:
- **Buy Entry**: Green labels are placed at bullish candle opens.
- **Sell Entry**: Red labels are placed at bearish candle closes.
- Plots the levels for easy reference:
- **Sell Level**: Displayed as red circles on the chart.
- **Buy Level**: Displayed as green circles on the chart.
5. **Dynamic Updates**:
- Levels are cleared when invalidated by the price action.
### Use Case:
This indicator helps traders spot break-and-retest opportunities by:
- Allowing higher timeframe analysis to determine trend direction and key levels.
- Providing actionable buy and sell entry points on lower timeframes for precision.
Let me know if you'd like further clarification or improvements!
Combined RSI with SMA, ADX/DI, and Stochastic IndicatorHow to Use and Apply the Indicator
This indicator combines the **RSI with SMA**, **ADX/DI**, and **Stochastic Oscillator**, providing multiple perspectives for technical analysis. Here's how you can use and apply it effectively:
1. **RSI with SMA (Relative Strength Index with Simple Moving Average)**
- **Purpose**: Measures momentum and identifies overbought or oversold levels.
- **Features**:
- **RSI (14-period)**: Tracks momentum.
- **SMA (20-period)**: Smooths the RSI for trend clarity.
- **Visual Enhancements**:
- Dashed lines at user-defined levels (default: 55 and 45).
- Highlighted zones: Above 55 (green), below 45 (red).
- Fill between RSI and SMA to indicate convergence/divergence.
- **Usage**:
- **Overbought/Oversold**: Look for RSI crossing above 70 (overbought) or below 30 (oversold).
- **Trend Strength**: If RSI stays consistently above 50 (bullish) or below 50 (bearish).
- **Divergence**: When RSI and SMA move apart, consider it a potential signal of trend change.
2. **ADX and DI (Average Directional Index with Directional Indicators)**
- **Purpose**: Measures trend strength and direction.
- **Features**:
- **ADX (14-period)**: Shows trend strength (higher values indicate stronger trends).
- **+DI and -DI**: Represent bullish and bearish directional movements.
- **Color Coding**:
- **Green**: Bullish trend.
- **Red**: Bearish trend.
- **Orange**: Weak/no trend (when ADX is below the "range" level).
- **Dynamic Fill**: Highlights areas based on whether +DI > -DI or vice versa.
- **Usage**:
- **Strong Trend**: When ADX > 30, trend is strong.
- **Bullish/Bearish Bias**: Compare +DI and -DI:
- **+DI > -DI**: Bullish bias.
- **-DI > +DI**: Bearish bias.
- **Caution Zone**: If ADX < 15, avoid trading as the market lacks direction.
### 3. **Stochastic Oscillator**
- **Purpose**: Identifies overbought and oversold conditions.
- **Features**:
- Tracks %K (fast line) and %D (signal line) for crossovers.
- Highlights overbought (>80) and oversold (<20) regions.
- Fills between %K and %D for easy visualization of crossovers.
- **Usage**:
- **Overbought/Oversold**: Look for price reversals when %K crosses %D in these regions.
- **Entry Signals**:
- Buy: %K crosses above %D in the oversold region (<20).
- Sell: %K crosses below %D in the overbought region (>80).
- **Confirm Trends**: Combine with ADX or RSI to validate signals.
General Application:
1. **Setup**: Add this script to your chart in TradingView.
2. **Interpretation**:
- Use **RSI with SMA** to identify momentum and potential trend reversals.
- Confirm trend strength and direction with **ADX/DI**.
- Refine entries/exits with **Stochastic Oscillator**.
3. **Alerts**:
- Enable alerts for buy/sell signals in ADX/DI to avoid missing key moves.
4. **Risk Management**:
- Avoid trading during low ADX periods (<15) as the market lacks direction.
- Combine signals with support/resistance levels or price patterns for better accuracy.
By integrating these indicators, this script allows for a comprehensive market analysis to enhance your decision-making.
Change Candle Color When 5 EMA Not ConnectedThis custom TradingView indicator changes the color of candlesticks to yellow whenever the 5-period Exponential Moving Average (EMA) is not "connected" to the current candle.
How It Works:
The 5 EMA is calculated based on the closing prices of the last 5 candles.
A candle is considered "not connected" to the EMA if:
The high and low of the current candle are both either above or below the 5 EMA, implying a significant deviation from the EMA.
When this condition is met, the candle color is changed to yellow to highlight this disconnection.
The default behavior of the script is to not display the 5 EMA line, keeping the chart uncluttered while focusing on the candlestick colors.
Usage:
This indicator is useful for scalping or short-term trading strategies, as it helps identify when the price has moved significantly away from the 5 EMA. A yellow candle could signal potential overextension or a possible reversal if the price is far from the EMA. Traders can use this as part of their risk management or entry/exit decision-making process.
Customization:
The indicator doesn't display the 5 EMA line, but you can modify the script to show it if needed by uncommenting the plot(ema5) line.
You can adjust the period of the EMA by modifying the ema5 period in the code, though the default setting is 5 periods.
IB of New Hour (Customizable)Purpose: Tracks first x candles of each hour to define a price range
Customizable settings:
Border color of the IB box
Fill color of the IB box
Number of candles to define IB
Box width in hours (1-24)
Functionality:
Calculates highest high and lowest low for specified number of candles
Creates a rectangular box representing the initial balance
Adapts to different timeframes (1, 5, 15, 30, 60-minute charts)
Limits storage of boxes to prevent memory overload
Box Placement:
Starts at first candle of the hour
Width calculated based on current timeframe and user-specified hours
Maintains consistent visual representation across different chart timeframes
Indicator for helping you with bias
G. Santostasi' Active Addresses and Hash Rate Power LawThe Bitcoin Power Law Indicator is a groundbreaking tool designed for investors, analysts, and enthusiasts who seek to understand Bitcoin's price behavior through its fundamental network metrics. This invite-only indicator leverages the Giovanni Santostasi Power Law Model, which reveals the deep interconnections between Bitcoin's core parameters and its price evolution over time.
Features and Functionality:
Bitcoin Price vs. Active Addresses Model
Using Giovanni Santostasi’s power law framework, the indicator establishes a quantitative relationship between Bitcoin's price and the number of active addresses. Active addresses, a critical on-chain metric, reflect network activity and adoption. This model generates a theoretical Bitcoin price based solely on the behavior of active addresses, highlighting how network usage underpins price movements.
Bitcoin Price vs. Hash Rate Model
The indicator applies the same power law methodology to analyze the relationship between Bitcoin's price and its hash rate. The hash rate, representing the computational power securing the network, is a fundamental measure of the network's security and robustness. This model estimates Bitcoin’s price as a function of the hash rate, showcasing the symbiotic relationship between miner activity and market valuation.
Comparison with Bitcoin Price vs. Time Model
Both the active addresses and hash rate-based models are compared against the classic Bitcoin price vs. time power law. This comparison provides insight into the alignment or divergence of Bitcoin’s price with its fundamental network metrics and long-term temporal trends.
Visualization of Interconnectedness
The indicator synthesizes on-chain data to visually and quantitatively demonstrate the interconnectedness of Bitcoin's key parameters—price, network activity, and mining security. It provides a real-time measure of the strength of the Bitcoin network, offering a holistic perspective on its health and resilience.
Utility for Investors:
Enhanced Market Understanding:
By breaking down Bitcoin's price into its fundamental drivers—active addresses, hash rate, and time—investors gain a clearer picture of what underpins price trends. This knowledge can inform long-term investment strategies and improve confidence during volatile periods.
Network Health Monitoring:
The indicator serves as a robust measure of network strength. Divergences between the models and actual price may indicate periods of mispricing or anomalies in network activity, offering potential trading opportunities.
Validation of the Power Law Theory:
Investors can track Bitcoin's adherence to the power law, which has demonstrated remarkable consistency over the years. This provides a scientific framework for understanding Bitcoin’s growth trajectory, helping investors separate signal from noise in the market.
Risk Management and Opportunity Identification:
Understanding when Bitcoin's price deviates from its fundamental power law models can help investors identify potential overvaluation, undervaluation, or turning points in the market. These insights can be critical for both short-term trading and long-term portfolio allocation.
This indicator is a must-have for those who value a data-driven, scientific approach to Bitcoin analysis. By combining cutting-edge research with real-time analytics, it offers a unique lens to view Bitcoin not just as a speculative asset but as a robust, interconnected system that adheres to fundamental physical and social principles.
Auto Fibonacci LinesThis TradingView script is a modded version of the library called "VisibleChart" created by Pinecoder.
This version has the option for users to change the Fibonacci lines and price labels. This makes the script user-friendly.
Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel after a retracement/pullback is finished. Extension levels are also possible areas where the price may reverse. This study automatically draws horizontal lines that are used to determine possible support and resistance levels.
It's designed to automatically plot Fibonacci retracement levels on chart, aiding in technical analysis for traders.
First, the highest and lowest bars on the chart are calculated. These values are used for Fibonacci extensions.
These values update as traders scroll or zoom their charts, this shows that it is a useful indicator that can dynamically calculate and draw visuals on visible bars only.
Shooting Range + FVG By TradingcaochdkIndicator Description: “Shooting Range + Customizable FVG”
This indicator combines two powerful trading tools into one: Shooting Range Signals and Customizable Fair Value Gaps (FVG). It is designed to help traders identify oversold conditions across multiple timeframes and visualize potential price inefficiencies (FVGs) on the chart. Here’s what the indicator can do:
Features:
1. Shooting Range Signals
• Purpose: Identify oversold conditions using the RSI (Relative Strength Index) on two customizable timeframes.
• How it works:
• The RSI value is calculated for two selected timeframes (e.g., 1-minute and 5-minute).
• If the RSI is below the defined thresholds for both timeframes, the chart background turns green, signaling a potential bullish opportunity.
• Customizable Inputs:
• Timeframes for RSI calculations (e.g., 1-minute, 5-minute, daily, etc.).
• RSI thresholds for both lower and higher timeframes.
• Alerts: Built-in alert functionality notifies you when a bullish signal is detected.
2. Customizable Fair Value Gaps (FVG)
• Purpose: Highlight potential price inefficiencies (Fair Value Gaps) based on user-selected timeframes.
• How it works:
• The indicator identifies gaps between candle wicks (price imbalances) on a higher timeframe (e.g., 5-minute).
• Gaps are drawn as rectangles on the chart, extending until the price fills the gap.
• Customizable Inputs:
• Timeframe for FVG detection (e.g., 1-minute, 5-minute, daily, etc.).
• Colors for FVG background and border.
• Auto-Removal: Once the gap is filled, the indicator automatically removes it from the chart for clarity.
Use Cases:
• Day Trading and Scalping:
• Use Shooting Range signals to identify short-term oversold conditions for potential trade entries.
• Combine RSI signals with FVGs to confirm high-probability setups.
• Swing Trading:
• Visualize price inefficiencies on higher timeframes to plan trades around significant levels.
• Enhanced Chart Clarity:
• Highlight relevant price levels and signals without cluttering the chart.
How to Use:
1. Add the indicator to your TradingView chart.
2. Customize the settings:
• Adjust RSI timeframes and thresholds for Shooting Range signals.
• Select a timeframe and colors for FVG detection.
3. Monitor the chart for:
• Green background: Indicates oversold conditions across selected timeframes.
• Highlighted FVGs: Marks potential price inefficiencies for further analysis.
4. Enable alerts to get notified about bullish signals.
Summary:
This indicator combines momentum-based RSI analysis with price action insights from Fair Value Gaps, offering traders a versatile tool for both scalping and swing trading. The customizable settings allow you to tailor the indicator to your specific trading style and preferences.
Closing Prices for Indices AMMOthe "Closing Prices for Indices" indicator displays the daily closing prices of four major stock indices: FTSE 100, DAX 40, Dow Jones Industrial Average, and NASDAQ Composite. The indicator updates the prices based on their respective market closing times:
FTSE 100 and DAX 40: Updates at 4:30 PM UK time.
Dow Jones and NASDAQ Composite: Updates at 9:00 PM UK time.
Key features:
Customizable Labels: Option to display labels showing the closing prices directly on the chart.
Color-Coded Lines: Plots each index's closing price using distinct, customizable colors for easy differentiation.
User-Friendly Settings: Includes options for customizing line and label colors.
This indicator is perfect for traders and analysts looking to monitor and compare key index closing prices visually on their charts.
TRENDSYNC BUY/SELL BY SIMPLY_DANTE-FXTrendSync Buy and Sell Indicator
PS: Kindly give me feedback on the comment section, I will really appriciate
Created By: Simply_Dante-FX
About the Author:
Simply_Dante-FX is a skilled trader and developer with a focus on creating custom indicators and strategies for technical analysis. With a strong understanding of market behavior, he has designed the TrendSync Buy and Sell indicator to help traders identify high-probability buy and sell signals based on a combination of trend-following, momentum, and price action strategies. Simply_Dante-FX aims to provide tools that enhance trading decisions and improve the overall trading experience.
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Description:
The TrendSync Buy and Sell indicator is designed to help traders identify potential buy and sell signals based on a combination of trend-following and momentum-based strategies. This custom indicator combines a range of technical tools, including the Simple Moving Average (SMA), Average True Range (ATR), and the Relative Strength Index (RSI), to filter and confirm entry points.
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How It Works:
1. Trend Identification (SMA):
- The indicator uses the 200-period Simple Moving Average (SMA) to determine the overall trend direction.
- A Buy Signal is generated when the price is above the SMA, indicating an uptrend.
- A Sell Signal is generated when the price is below the SMA, indicating a downtrend.
2. Range Filtering (ATR):
- The Average True Range (ATR) is used to filter out signals that occur during periods of low volatility.
- The ATR is multiplied by a user-defined range filter multiplier (default is 1.2) to ensure the signal is coming from a sufficiently volatile market condition.
3. Momentum Confirmation (RSI):
- The RSI is used as a momentum filter. For Buy Signals, the RSI must be above the user-defined threshold (default is 50), indicating bullish momentum.
- For Sell Signals, the RSI must be below the opposite threshold (100 - RSI Threshold), indicating bearish momentum.
4.Price Action Conditions:
- Buy and Sell signals are further confirmed by price action:
- Buy Signal: Identifies higher lows during an uptrend.
- Sell Signal: Identifies higher highs during an uptrend, or lower highs in a downtrend.
5. Unified Signal:
- The script combines the various conditions to generate a unified signal, ensuring that only high-probability trade opportunities are highlighted.
How to Use It:
1.Buy Signal: Look for a green label below the bar, which indicates a potential buying opportunity. This signal is generated when:
- The price is above the 200-period SMA (uptrend).
- The RSI is above the defined threshold (momentum confirmation).
- The ATR-based range filter confirms sufficient market movement.
2. Sell Signal: Look for a red label above the bar, which indicates a potential selling opportunity. This signal is generated when:
- The price is below the 200-period SMA (downtrend).
- The RSI is below the defined threshold (momentum confirmation).
- The ATR-based range filter confirms sufficient market movement.
3. Visual Confirmation: The script also plots the 200-period SMA for easy identification of the overall trend direction.
4.Alert Setup: You can set up an alert using the “Unified Buy/Sell Alert” condition to notify you when a buy or sell signal is triggered.
Disclaimer:
- Risk Warning: The TrendSync Buy and Sell indicator is a tool for technical analysis and is not a guaranteed method for predicting market movements. Trading carries risk, and it is essential to use proper risk management techniques and not rely solely on any one indicator.
- No Financial Advice: This indicator does not constitute financial advice, and the author, Simply_Dante-FX, does not take responsibility for any trading losses or profits resulting from the use of this tool.
- Performance: Past performance is not indicative of future results. Always conduct your own analysis and use additional tools and strategies to confirm trade decisions.
Use this indicator with caution, and always ensure that you understand the risks involved in trading before committing real capital.
tripleFlows Master EUR - by ManhDNThe TripleFlows Master EUR indicator is a technical analysis tool designed for TradingView to systematically evaluate the strength or weakness of the Euro (EUR) across 7 major currency pairs. This indicator provides a clear and objective measure of EUR momentum by analyzing moving averages, aggregating the data into a comprehensive Flow Index, and visualizing the collective price action of the Euro.
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How It Works
1. Data Collection:
- The indicator pulls price data from the 7 most significant EUR currency pairs:
EUR/USD, EUR/JPY, EUR/GBP, EUR/AUD, EUR/CAD, EUR/NZD, and EUR/CHF.
2. Moving Average Calculation:
- For each of the 7 currency pairs, the indicator computes:
- A 5-period moving average (MA).
- A 20-period moving average (MA).
- It then compares these two moving averages to identify whether the trend for each pair is bullish or bearish:
- If MA(5) > MA(20), the trend is considered bullish for the Euro.
- If MA(5) < MA(20), the trend is considered bearish for the Euro.
3. Flow Index Aggregation:
- The indicator aggregates the trend signals from all 7 currency pairs to calculate a Flow Index, which ranges from -100 to +100:
- +100: All 7 pairs indicate a bullish trend for EUR (maximum strength).
- -100: All 7 pairs indicate a bearish trend for EUR (maximum weakness).
- Values closer to 0 indicate a more neutral market condition.
4. Visual Representation of Composite Price Action:
- In addition to the Flow Index, the TripleFlows Master EUR generates a **composite candlestick chart** based on the aggregated price action of the 7 EUR pairs.
- This chart provides a clear visual representation of the Euro's overall price behavior, allowing traders to analyze trends directly through candlestick patterns and moving averages.
- By observing this chart, traders can make decisions based on the combined action of all 7 pairs, rather than relying on a single pair.
5. Triple Flow Calculation Across Timeframes:
- The Flow Index is calculated on three timeframes:
- Junior (short timeframe).
- Medior (medium timeframe).
- Senior (long timeframe).
- The indicator evaluates the Flow Index across these three timeframes to determine Triple Flow:
- Triple Flow Up (Bullish): All three timeframes show a Flow Index of +100.
- Triple Flow Down (Bearish): All three timeframes show a Flow Index of -100.
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Purpose and Application
- Trend Confirmation:
The TripleFlows Master EUR provides objective trend confirmation by synthesizing data across multiple pairs and timeframes.
- Bullish Trend: Look for opportunities to go long when Triple Flow Up is confirmed.
- Bearish Trend: Look for opportunities to go short when Triple Flow Down is confirmed.
- Multi-Timeframe Consistency:
The synchronization of the Flow Index across junior, medior, and senior timeframes ensures high-probability setups by aligning short-term and long-term trends.
- Composite Price Action Analysis:
The composite candlestick chart simplifies the analysis of EUR price behavior by aggregating data from 7 pairs, helping traders identify trends, key levels, and patterns visually.
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Outputs and Visuals
1. Flow Index:
- Displayed as a value between -100 and +100, showing the aggregated strength or weakness of the Euro.
2. Composite Candlestick Chart:
- A real-time chart that represents the Euro's collective price action across 7 pairs.
3. Triple Flow Status:
- Visual indication of Triple Flow conditions (e.g., Triple Flow Up or Triple Flow Down) based on the alignment of Flow Index values across all three timeframes.
4. Alerts:
- The indicator includes alerts for when a Triple Flow Up or Down condition is detected, allowing users to respond to key market opportunities.
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Technical Notes
- Flow Index Calculation:
The calculation is based purely on the relative position of the 5-period and 20-period moving averages across 7 pairs. It does not rely on external factors, ensuring the results are fully derived from price data.
- Composite Price Action:
The composite candlestick chart integrates the aggregated price movements of 7 pairs into a single, easy-to-read visual representation.
- Scalability Across Timeframes:
The TripleFlows Master EUR can be applied to any trading style, as it adapts to various timeframes:
- Junior timeframe for intraday analysis.
- Medior timeframe for swing trading.
- Senior timeframe for position trading.
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Conclusion
The TripleFlows Master EUR indicator provides a robust, data-driven solution for analyzing the Euro’s performance across major currency pairs. By aggregating price action from 7 pairs into a composite candlestick chart and synchronizing trends across multiple timeframes, the indicator eliminates the limitations of analyzing individual pairs in isolation. This comprehensive approach ensures traders can identify trends and opportunities with greater accuracy and confidence.
