Volume Profile Delta & DOM @MaxMaserati 2.0Volume Profile Delta & DOM @Maxserati 2.0- Real Order Flow Analysis
What this indicator actually does!!!
Most volume indicators just show you total volume - which honestly doesn't tell you much. This one breaks down WHO is driving that volume. Big difference between 1000 shares of balanced buying/selling versus 800 buy + 200 sell. This tool shows you exactly that breakdown at every price level.
Trading without this kind of data means you're basically trading blind. Price action is important, but without knowing if smart money is buying or selling, you're mostly guessing. This gives you the same view that institutional traders have.
The main components
**DOM Display**: Shows real-time order flow with separate columns for buying and selling volume at each price level. You can toggle any column on/off depending on what you actually use.
**Volume Delta**: This is the key part - it shows net buying pressure (buy volume minus sell volume) at each price. When you see heavy buying at a support level, that's usually a good sign. When you see heavy selling at resistance, different story.
**Understanding the key columns:**
- **VPS (Volume Profile Sell)**: Shows selling volume (bid volume) at each price level - how much selling pressure exists
- **VPB (Volume Profile Buy)**: Shows buying volume (ask volume) at each price level - how much buying pressure exists
- **VPD (Volume Profile Delta)**: The difference between VPB and VPS (buy volume minus sell volume) - this tells you who's winning the battle at each price
**Time & Sales**: Live trade data with timestamps. There are filters so you can ignore the small retail trades and focus on the size that actually moves markets.
**Recent Activity**: Tracks momentum by showing cumulative buying/selling above and below current price. Useful for seeing if institutions are accumulating or distributing.
Why volume analysis works
Professional traders don't just look at price. They look at volume because volume precedes price movement. When smart money starts accumulating a position, you'll see it in the volume before you see it in price.
Think about it - if a stock is at $100 and someone wants to buy 100,000 shares, they can't just market buy it all at once without moving the price. They'll spread it out, but you can still see the accumulation pattern if you know where to look.
Real trading applications
**For day trading**: This works well for timing entries. If you see price breaking a level but volume delta is negative, that's usually a fake breakout. If volume confirms the move, much higher probability trade.
**For swing positions**: Great for finding accumulation zones. When you see consistent buying volume at certain levels over multiple days, institutions are likely building positions there.
**Risk management**: Volume shifts often happen before price reversals. If you're long and suddenly see heavy selling volume while price is still going up, that's a good exit signal.
Multi-market setup
Works on stocks, futures, forex, and crypto. The indicator automatically detects what type of market you're trading and adjusts accordingly. For forex it uses tick volume since real volume isn't available. For crypto it handles the decimal precision properly.
Customization options
You can show or hide any column depending on your trading style. If you're just scalping, maybe you only need price and delta. If you're doing deeper analysis, turn on all the columns.
There's color customization since everyone has their preferences, and text sizing because not everyone trades on huge monitors.
The indicator has both real-time and backtesting modes. Real-time for live trading, backtesting for developing strategies with historical volume data.
Learning curve
Fair warning - this isn't a simple moving average. There's a learning curve to reading order flow properly. Start by watching how volume patterns develop around known support and resistance levels.
Pay attention to volume divergences. If price makes a new high but volume delta is weaker, that's often a warning sign. If price breaks down but there's no real selling volume, it might be a false breakdown.
Performance notes
This processes a lot of data in real-time, so disable any columns you don't actually use. The more features you enable, the more processing power it needs.
Works best on lower timeframes (1-15 minutes) where you can see the tick-by-tick order flow. Still useful on higher timeframes but less granular.
## Bottom line
If you're serious about trading and want to see what institutional money is doing instead of just guessing from price action alone, this will help. It's not magic - you still need to understand market structure and have a trading plan. But it gives you information that most retail traders don't have access to.
The goal is to stop trading against smart money and start trading with them. Volume tells you where they're active.
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*Works on all markets. Real volume for stocks/futures, tick volume for forex. Compatible with TradingView's replay feature for backtesting.*
在腳本中搜尋"Buy sell"
(Mustang Algo) Stochastic RSI + Triple EMAStochastic RSI + Triple EMA (StochTEMA)
Overview
The Stochastic RSI + Triple EMA indicator combines the Stochastic RSI oscillator with a Triple Exponential Moving Average (TEMA) overlay to generate clear buy and sell signals on the price chart. By measuring RSI overbought/oversold conditions and confirming trend direction with TEMA, this tool helps traders identify high-probability entries and exits while filtering out noise in choppy markets.
Key Features
Stochastic RSI Calculation
Computes a standard RSI over a user-defined period (default 50).
Applies a Stochastic oscillator to the RSI values over a second user-defined period (default 50).
Smooths the %K line by taking an SMA over a third input (default 3), and %D is an SMA of %K over another input (default 3).
Defines oversold when both %K and %D are below 20, and overbought when both are above 80.
Triple EMA (TEMA)
Calculates three successive EMAs on the closing price with the same length (default 9).
Combines them using TEMA = 3×(EMA1 – EMA2) + EMA3, producing a fast-reacting trend line.
Bullish trend is identified when price > TEMA and TEMA is rising; bearish trend when price < TEMA and TEMA is falling; neutral/flat when TEMA change is minimal.
Signal Logic
Strong Buy: Previous bar’s Stoch RSI was oversold (both %K and %D < 20), %K crosses above %D, and TEMA is in a bullish trend.
Medium Buy: %K crosses above %D (without requiring oversold), TEMA is bullish, and previous %K < 50.
Weak Buy: Previous bar’s %K and %D were oversold, %K crosses above %D, TEMA is flat or bullish (not bearish).
Strong Sell: Previous bar’s Stoch RSI was overbought (both %K and %D > 80), %K crosses below %D, and TEMA is bearish.
Medium Sell: %K crosses below %D (without requiring overbought), TEMA is bearish, and previous %K > 50.
Weak Sell: Previous bar’s %K and %D were overbought, %K crosses below %D, TEMA is flat or bearish (not bullish).
Visual Elements on Chart
TEMA Line: Plotted in cyan (#00BCD4) with a medium-thick line for clear trend visualization.
Buy/Sell Markers:
BUY STRONG: Lime label below the candle
BUY MEDIUM: Green triangle below the candle
BUY WEAK: Semi-transparent green circle below the candle
SELL STRONG: Red label above the candle
SELL MEDIUM: Orange triangle above the candle
SELL WEAK: Semi-transparent orange circle above the candle
Candle & Background Coloring: When a strong buy or sell signal occurs, the candle body is tinted (semi-transparent lime/red) and the chart background briefly flashes light green (buy) or light red (sell).
Dynamic Support/Resistance:
On a strong buy signal, a green dot is plotted under that bar’s low as a temporary support marker.
On a strong sell signal, a red dot is plotted above that bar’s high as a temporary resistance marker.
Alerts
Strong Buy Alert: Triggered when Stoch RSI is oversold, %K crosses above %D, and TEMA is bullish.
Strong Sell Alert: Triggered when Stoch RSI is overbought, %K crosses below %D, and TEMA is bearish.
General Buy Alert: Triggered on any bullish crossover (%K > %D) when TEMA is not bearish.
General Sell Alert: Triggered on any bearish crossover (%K < %D) when TEMA is not bullish.
Inputs
Stochastic RSI Settings (group “Stochastic RSI”):
K (smoothK): Period length for smoothing the %K line (default 3, minimum 1)
D (smoothD): Period length for smoothing the %D line (default 3, minimum 1)
RSI Length (lengthRSI): Number of bars used for the RSI calculation (default 50, minimum 1)
Stochastic Length (lengthStoch): Number of bars for the Stochastic oscillator applied to RSI (default 50, minimum 1)
RSI Source (src): Price source for the RSI (default = close)
TEMA Settings (group “Triple EMA”):
TEMA Length (lengthTEMA): Number of bars used for each of the three EMAs (default 9, minimum 1)
How to Use
Add the Script
Copy and paste the indicator code into TradingView’s Pine Editor (version 6).
Save the script and add it to your chart as “Stochastic RSI + Triple EMA (StochTEMA).”
Adjust Inputs
Choose shorter lengths for lower timeframes (e.g., intraday scalping) and longer lengths for higher timeframes (e.g., swing trading).
Fine-tune the Stochastic RSI parameters (K, D, RSI Length, Stochastic Length) to suit the volatility of the instrument.
Modify TEMA Length if you prefer a faster or slower moving average response.
Interpret Signals
Primary Entries/Exits: Focus on “BUY STRONG” and “SELL STRONG” signals, as they require both oversold/overbought conditions and a confirming TEMA trend.
Confirmation Signals: Use “BUY MEDIUM”/“BUY WEAK” to confirm or add to an existing position when the market is trending. Similarly, “SELL MEDIUM”/“SELL WEAK” can be used to scale out or confirm bearish momentum.
Support/Resistance Dots: These help identify recent swing lows (green dots) and swing highs (red dots) that were tagged by strong signals—useful to place stop-loss or profit-target orders.
Set Alerts
Open the Alerts menu (bell icon) in TradingView, choose this script, and select the desired alert condition (e.g., “BUY Signal Strong”).
Configure notifications (popup, email, webhook) according to your trading workflow.
Notes & Best Practices
Filtering False Signals: By combining Stoch RSI crossovers with TEMA trend confirmation, most false breakouts during choppy price action are filtered out.
Timeframe Selection: This indicator works on all timeframes, but shorter timeframes may generate frequent signals—consider higher-timeframe confirmation when trading lower timeframes.
Risk Management: Always use proper position sizing and stop-loss placement. An “oversold” or “overbought” reading can remain extended for some time in strong trends.
Backtesting/Optimization: Before live trading, backtest different parameter combinations on historical data to find the optimal balance between sensitivity and reliability for your chosen instrument.
No Guarantee of Profits: As with any technical indicator, past performance does not guarantee future results. Use in conjunction with other forms of analysis (volume, price patterns, fundamentals).
Author: Your Name or Username
Version: 1.0 (Pine Script v6)
Published: June 2025
Feel free to customize input values and visual preferences. If you find bugs or have suggestions for improvements, open an issue or leave a comment below. Trade responsibly!
Volume pressure by GSK-VIZAG-AP-INDIA🔍 Volume Pressure by GSK-VIZAG-AP-INDIA
🧠 Overview
“Volume Pressure” is a multi-timeframe, real-time table-based volume analysis tool designed to give traders a clear and immediate view of buying and selling pressure across custom-selected timeframes. By breaking down buy volume, sell volume, total volume, and their percentages, this indicator helps traders identify demand/supply imbalances and volume momentum in the market.
🎯 Purpose / Trading Use Case
This indicator is ideal for intraday and short-term traders who want to:
Spot aggressive buying or selling activity
Track volume dynamics across multiple timeframes *1 min time frame will give best results*
Use volume pressure as a confirming tool alongside price action or trend-based systems
It helps determine when large buying/selling activity is occurring and whether such behavior is consistent across timeframes—a strong signal of institutional interest or volume-driven trend shifts.
🧩 Key Features & Logic
Real-Time Table Display: A clean, dynamic table showing:
Buy Volume
Sell Volume
Total Volume
Buy % of total volume
Sell % of total volume
Multi-Time frame Analysis: Supports 8 user-selectable custom time frames from 1 to 240 minutes, giving flexibility to analyze volume pressure at various granularities.
Color-Coded Volume Bias:
Green for dominant Buy pressure
Red for dominant Sell pressure
Yellow for Neutral
Intensity-based blinking for extreme values (over 70%)
Dynamic Data Calculation:
Uses volume * (close > open) logic to estimate buy vs sell volumes bar-by-bar, then aggregates by timeframe.
⚙️ User Inputs & Settings
Timeframe Selectors (TF1 to TF8): Choose any 8 timeframes you want to monitor volume pressure across.
Text & Color Settings:
Customize text colors for Buy, Sell, Total volumes
Choose Buy/Sell bias colors
Enable/disable blinking for visual emphasis on extremes
Table Appearance:
Set header color, metric background, and text size
Table positioning: top-right, bottom-right, etc.
Blinking Highlight Toggle: Enable this to visually highlight when Buy/Sell % exceeds 70%—a sign of strong pressure.
📊 Visual Elements Explained
The table has 6 rows and 10 columns:
Row 0: Headers for Today and TF1 to TF8
Rows 1–3: Absolute values (Buy Vol, Sell Vol, Total Vol)
Rows 4–5: Relative percentages (Buy %, Sell %), with dynamic background color
First column shows the metric names (e.g., “Buy Vol”)
Cells blink using alternate background colors if volume pressure crosses thresholds
💡 How to Use It Effectively
Use Buy/Sell % rows to confirm potential breakout trades or identify volume exhaustion zones
Look for multi-timeframe confluence: If 5 or more TFs show >70% Buy pressure, buyers are in control
Combine with price action (e.g., breakouts, reversals) to increase conviction
Suitable for equities, indices, futures, crypto, especially on lower timeframes (1m to 15m)
🏆 What Makes It Unique
Table-based MTF Volume Pressure Display: Most indicators only show volume as bars or histograms; this script summarizes and color-codes volume bias across timeframes in a tabular format.
Customization-friendly: Full control over colors, themes, and timeframes
Blinking Alerts: Rare visual feature to capture user attention during extreme pressure
Designed with performance and readability in mind—even for fast-paced scalping environments.
🚨 Alerts / Extras
While this script doesn’t include TradingView alert functions directly, the visual blinking serves as a strong real-time alert mechanism.
Future versions may include built-in alert conditions for buy/sell bias thresholds.
🔬 Technical Concepts Used
Volume Dissection using close > open logic (to estimate buyer vs seller pressure)
Simple aggregation of volume over custom timeframes
Table plotting using Pine Script table.new, table.cell
Dynamic color logic for bias identification
Custom blinking logic using na(bar_index % 2 == 0 ? colorA : colorB)
⚠️ Disclaimer
This indicator is a tool for analysis, not financial advice. Always backtest and validate strategies before using any indicator for live trading. Past performance is not indicative of future results. Use at your own risk and apply proper risk management.
✍️ Author & Signature
Indicator Name: Volume Pressure
Author: GSK-VIZAG-AP-INDIA
TradingView Username: prowelltraders
Ultimate Scalping Tool[BullByte]Overview
The Ultimate Scalping Tool is an open-source TradingView indicator built for scalpers and short-term traders released under the Mozilla Public License 2.0. It uses a custom Quantum Flux Candle (QFC) oscillator to combine multiple market forces into one visual signal. In plain terms, the script reads momentum, trend strength, volatility, and volume together and plots a special “candlestick” each bar (the QFC) that reflects the overall market bias. This unified view makes it easier to spot entries and exits: the tool labels signals as Strong Buy/Sell, Pullback (a brief retracement in a trend), Early Entry, or Exit Warning . It also provides color-coded alerts and a small dashboard of metrics. In practice, traders see green/red oscillator bars and symbols on the chart when conditions align, helping them scalp or trend-follow without reading multiple separate indicators.
Core Components
Quantum Flux Candle (QFC) Construction
The QFC is the heart of the indicator. Rather than using raw price, it creates a candlestick-like bar from the underlying oscillator values. Each QFC bar has an “open,” “high/low,” and “close” derived from calculated momentum and volatility inputs for that period . In effect, this turns the oscillator into intuitive candle patterns so traders can recognize momentum shifts visually. (For comparison, note that Heikin-Ashi candles “have a smoother look because take an average of the movement”. The QFC instead represents exact oscillator readings, so it reflects true momentum changes without hiding price action.) Colors of QFC bars change dynamically (e.g. green for bullish momentum, red for bearish) to highlight shifts. This is the first open-source QFC oscillator that dynamically weights four non-correlated indicators with moving thresholds, which makes it a unique indicator on its own.
Oscillator Normalization & Adaptive Weights
The script normalizes its oscillator to a fixed scale (for example, a 0–100 range much like the RSI) so that various inputs can be compared fairly. It then applies adaptive weighting: the relative influence of trend, momentum, volatility or volume signals is automatically adjusted based on current market conditions. For instance, in very volatile markets the script might weight volatility more heavily, or in a strong trend it might give extra weight to trend direction. Normalizing data and adjusting weights helps keep the QFC sensitive but stable (normalization ensures all inputs fit a common scale).
Trend/Momentum/Volume/Volatility Fusion
Unlike a typical single-factor oscillator, the QFC oscillator fuses four aspects at once. It may compute, for example, a trend indicator (such as an ADX or moving average slope), a momentum measure (like RSI or Rate-of-Change), a volume-based pressure (similar to MFI/OBV), and a volatility measure (like ATR) . These different values are combined into one composite oscillator. This “multi-dimensional” approach follows best practices of using non-correlated indicators (trend, momentum, volume, volatility) for confirmation. By encoding all these signals in one line, a high QFC reading means that trend, momentum, and volume are all aligned, whereas a neutral reading might mean mixed conditions. This gives traders a comprehensive picture of market strength.
Signal Classification
The script interprets the QFC oscillator to label trades. For example:
• Strong Buy/Sell : Triggered when the oscillator crosses a high-confidence threshold (e.g. breaks clearly above zero with strong slope), indicating a well-confirmed move. This is like seeing a big green/red QFC candle aligned with the trend.
• Pullbacks : Identified when the trend is up but momentum dips briefly. A Pullback Buy appears if the overall trend is bullish but the oscillator has a short retracement – a typical buying opportunity in an uptrend. (A pullback is “a brief decline or pause in a generally upward price trend”.)
• Early Buy/Sell : Marks an initial swing in the oscillator suggesting a possible new trend, before it is fully confirmed. It’s a hint of momentum building (an early-warning signal), not as strong as the confirmed “Strong” signal.
• Exit Warnings : Issued when momentum peaks or reverses. For instance, if the QFC bars reach a high and start turning red/green opposite, the indicator warns that the move may be ending. In other words, a Momentum Peak is the point of maximum strength after which weakness may follow.
These categories correspond to typical trading concepts: Pullback (temporary reversal in an uptrend), Early Buy (an initial bullish cross), Strong Buy (confirmed bullish momentum), and Momentum Peak (peak oscillator value suggesting exhaustion).
Filters (DI Reversal, Dynamic Thresholds, HTF EMA/ADX)
Extra filters help avoid bad trades. A DI Reversal filter uses the +DI/–DI lines (from the ADX system) to require that the trend direction confirms the signal . For example, it might ignore a buy signal if the +DI is still below –DI. Dynamic Thresholds adjust signal levels on-the-fly: rather than fixed “overbought” lines, they move with volatility so signals happen under appropriate market stress. An optional High-Timeframe EMA or ADX filter adds a check against a larger timeframe trend: for instance, only taking a trade if price is above the weekly EMA or if weekly ADX shows a strong trend. (Notably, the ADX is “a technical indicator used by traders to determine the strength of a price trend”, so requiring a high-timeframe ADX avoids trading against the bigger trend.)
Dashboard Metrics & Color Logic
The Dashboard in the Ultimate Scalping Tool (UST) serves as a centralized information hub, providing traders with real-time insights into market conditions, trend strength, momentum, volume pressure, and trade signals. It is highly customizable, allowing users to adjust its appearance and content based on their preferences.
1. Dashboard Layout & Customization
Short vs. Extended Mode : Users can toggle between a compact view (9 rows) and an extended view (13 rows) via the `Short Dashboard` input.
Text Size Options : The dashboard supports three text sizes— Tiny, Small, and Normal —adjustable via the `Dashboard Text Size` input.
Positioning : The dashboard is positioned in the top-right corner by default but can be moved if modified in the script.
2. Key Metrics Displayed
The dashboard presents critical trading metrics in a structured table format:
Trend (TF) : Indicates the current trend direction (Strong Bullish, Moderate Bullish, Sideways, Moderate Bearish, Strong Bearish) based on normalized trend strength (normTrend) .
Momentum (TF) : Displays momentum status (Strong Bullish/Bearish or Neutral) derived from the oscillator's position relative to dynamic thresholds.
Volume (CMF) : Shows buying/selling pressure levels (Very High Buying, High Selling, Neutral, etc.) based on the Chaikin Money Flow (CMF) indicator.
Basic & Advanced Signals:
Basic Signal : Provides simple trade signals (Strong Buy, Strong Sell, Pullback Buy, Pullback Sell, No Trade).
Advanced Signal : Offers nuanced signals (Early Buy/Sell, Momentum Peak, Weakening Momentum, etc.) with color-coded alerts.
RSI : Displays the Relative Strength Index (RSI) value, colored based on overbought (>70), oversold (<30), or neutral conditions.
HTF Filter : Indicates the higher timeframe trend status (Bullish, Bearish, Neutral) when using the Leading HTF Filter.
VWAP : Shows the V olume-Weighted Average Price and whether the current price is above (bullish) or below (bearish) it.
ADX : Displays the Average Directional Index (ADX) value, with color highlighting whether it is rising (green) or falling (red).
Market Mode : Shows the selected market type (Crypto, Stocks, Options, Forex, Custom).
Regime : Indicates volatility conditions (High, Low, Moderate) based on the **ATR ratio**.
3. Filters Status Panel
A secondary panel displays the status of active filters, helping traders quickly assess which conditions are influencing signals:
- DI Reversal Filter: On/Off (confirms reversals before generating signals).
- Dynamic Thresholds: On/Off (adjusts buy/sell thresholds based on volatility).
- Adaptive Weighting: On/Off (auto-adjusts oscillator weights for trend/momentum/volatility).
- Early Signal: On/Off (enables early momentum-based signals).
- Leading HTF Filter: On/Off (applies higher timeframe trend confirmation).
4. Visual Enhancements
Color-Coded Cells : Each metric is color-coded (green for bullish, red for bearish, gray for neutral) for quick interpretation.
Dynamic Background : The dashboard background adapts to market conditions (bullish/bearish/neutral) based on ADX and DI trends.
Customizable Reference Lines : Users can enable/disable fixed reference lines for the oscillator.
How It(QFC) Differs from Traditional Indicators
Quantum Flux Candle (QFC) Versus Heikin-Ashi
Heikin-Ashi candles smooth price by averaging (HA’s open/close use averages) so they show trend clearly but hide true price (the current HA bar’s close is not the real price). QFC candles are different: they are oscillator values, not price averages . A Heikin-Ashi chart “has a smoother look because it is essentially taking an average of the movement”, which can cause lag. The QFC instead shows the raw combined momentum each bar, allowing faster recognition of shifts. In short, HA is a smoothed price chart; QFC is a momentum-based chart.
Versus Standard Oscillators
Common oscillators like RSI or MACD use fixed formulas on price (or price+volume). For example, RSI “compares gains and losses and normalizes this value on a scale from 0 to 100”, reflecting pure price momentum. MFI is similar but adds volume. These indicators each show one dimension: momentum or volume. The Ultimate Scalping Tool’s QFC goes further by integrating trend strength and volatility too. In practice, this means a move that looks strong on RSI might be downplayed by low volume or weak trend in QFC. As one source notes, using multiple non-correlated indicators (trend, momentum, volume, volatility) provides a more complete market picture. The QFC’s multi-factor fusion is unique – it is effectively a multi-dimensional oscillator rather than a traditional single-input one.
Signal Style
Traditional oscillators often use crossovers (RSI crossing 50) or fixed zones (MACD above zero) for signals. The Ultimate Scalping Tool’s signals are custom-classified: it explicitly labels pullbacks, early entries, and strong moves. These terms go beyond a typical indicator’s generic “buy”/“sell.” In other words, it packages a strategy around the oscillator, which traders can backtest or observe without reading code.
Key Term Definitions
• Pullback : A short-term dip or consolidation in an uptrend. In this script, a Pullback Buy appears when price is generally rising but shows a brief retracement. (As defined by Investopedia, a pullback is “a brief decline or pause in a generally upward price trend”.)
• Early Buy/Sell : An initial or tentative entry signal. It means the oscillator first starts turning positive (or negative) before a full trend has developed. It’s an early indication that a trend might be starting.
• Strong Buy/Sell : A confident entry signal when multiple conditions align. This label is used when momentum is already strong and confirmed by trend/volume filters, offering a higher-probability trade.
• Momentum Peak : The point where bullish (or bearish) momentum reaches its maximum before weakening. When the oscillator value stops rising (or falling) and begins to reverse, the script flags it as a peak – signaling that the current move could be overextended.
What is the Flux MA?
The Flux MA (Moving Average) is an Exponential Moving Average (EMA) applied to a normalized oscillator, referred to as FM . Its purpose is to smooth out the fluctuations of the oscillator, providing a clearer picture of the underlying trend direction and strength. Think of it as a dynamic baseline that the oscillator moves above or below, helping you determine whether the market is trending bullish or bearish.
How it’s calculated (Flux MA):
1.The oscillator is normalized (scaled to a range, typically between 0 and 1, using a default scale factor of 100.0).
2.An EMA is applied to this normalized value (FM) over a user-defined period (default is 10 periods).
3.The result is rescaled back to the oscillator’s original range for plotting.
Why it matters : The Flux MA acts like a support or resistance level for the oscillator, making it easier to spot trend shifts.
Color of the Flux Candle
The Quantum Flux Candle visualizes the normalized oscillator (FM) as candlesticks, with colors that indicate specific market conditions based on the relationship between the FM and the Flux MA. Here’s what each color means:
• Green : The FM is above the Flux MA, signaling bullish momentum. This suggests the market is trending upward.
• Red : The FM is below the Flux MA, signaling bearish momentum. This suggests the market is trending downward.
• Yellow : Indicates strong buy conditions (e.g., a "Strong Buy" signal combined with a positive trend). This is a high-confidence signal to go long.
• Purple : Indicates strong sell conditions (e.g., a "Strong Sell" signal combined with a negative trend). This is a high-confidence signal to go short.
The candle mode shows the oscillator’s open, high, low, and close values for each period, similar to price candlesticks, but it’s the color that provides the quick visual cue for trading decisions.
How to Trade the Flux MA with Respect to the Candle
Trading with the Flux MA and Quantum Flux Candle involves using the MA as a trend indicator and the candle colors as entry and exit signals. Here’s a step-by-step guide:
1. Identify the Trend Direction
• Bullish Trend : The Flux Candle is green and positioned above the Flux MA. This indicates upward momentum.
• Bearish Trend : The Flux Candle is red and positioned below the Flux MA. This indicates downward momentum.
The Flux MA serves as the reference line—candles above it suggest buying pressure, while candles below it suggest selling pressure.
2. Interpret Candle Colors for Trade Signals
• Green Candle : General bullish momentum. Consider entering or holding a long position.
• Red Candle : General bearish momentum. Consider entering or holding a short position.
• Yellow Candle : A strong buy signal. This is an ideal time to enter a long trade.
• Purple Candle : A strong sell signal. This is an ideal time to enter a short trade.
3. Enter Trades Based on Crossovers and Colors
• Long Entry : Enter a buy position when the Flux Candle turns green and crosses above the Flux MA. If it turns yellow, this is an even stronger signal to go long.
• Short Entry : Enter a sell position when the Flux Candle turns red and crosses below the Flux MA. If it turns purple, this is an even stronger signal to go short.
4. Exit Trades
• Exit Long : Close your buy position when the Flux Candle turns red or crosses below the Flux MA, indicating the bullish trend may be reversing.
• Exit Short : Close your sell position when the Flux Candle turns green or crosses above the Flux MA, indicating the bearish trend may be reversing.
•You might also exit a long trade if the candle changes from yellow to green (weakening strong buy signal) or a short trade from purple to red (weakening strong sell signal).
5. Use Additional Confirmation
To avoid false signals, combine the Flux MA and candle signals with other indicators or dashboard metrics (e.g., trend strength, momentum, or volume pressure). For example:
•A yellow candle with a " Strong Bullish " trend and high buying volume is a robust long signal.
•A red candle with a " Moderate Bearish " trend and neutral momentum might need more confirmation before shorting.
Practical Example
Imagine you’re scalping a cryptocurrency:
• Long Trade : The Flux Candle turns yellow and is above the Flux MA, with the dashboard showing "Strong Buy" and high buying volume. You enter a long position. You exit when the candle turns red and dips below the Flux MA.
• Short Trade : The Flux Candle turns purple and crosses below the Flux MA, with a "Strong Sell" signal on the dashboard. You enter a short position. You exit when the candle turns green and crosses above the Flux MA.
Market Presets and Adaptation
This indicator is designed to work on any market with candlestick price data (stocks, crypto, forex, indices, etc.). To handle different behavior, it provides presets for major asset classes. Selecting a “Stocks,” “Crypto,” “Forex,” or “Options” preset automatically loads a set of parameter values optimized for that market . For example, a crypto preset might use a shorter lookback or higher sensitivity to account for crypto’s high volatility, while a stocks preset might use slightly longer smoothing since stocks often trend more slowly. In practice, this means the same core QFC logic applies across markets, but the thresholds and smoothing adjust so signals remain relevant for each asset type.
Usage Guidelines
• Recommended Timeframes : Optimized for 1 minute to 15 minute intraday charts. Can also be used on higher timeframes for short term swings.
• Market Types : Select “Crypto,” “Stocks,” “Forex,” or “Options” to auto tune periods, thresholds and weights. Use “Custom” to manually adjust all inputs.
• Interpreting Signals : Always confirm a signal by checking that trend, volume, and VWAP agree on the dashboard. A green “Strong Buy” arrow with green trend, green volume, and price > VWAP is highest probability.
• Adjusting Sensitivity : To reduce false signals in fast markets, enable DI Reversal Confirmation and Dynamic Thresholds. For more frequent entries in trending environments, enable Early Entry Trigger.
• Risk Management : This tool does not plot stop loss or take profit levels. Users should define their own risk parameters based on support/resistance or volatility bands.
Background Shading
To give you an at-a-glance sense of market regime without reading numbers, the indicator automatically tints the chart background in three modes—neutral, bullish and bearish—with two levels of intensity (light vs. dark):
Neutral (Gray)
When ADX is below 20 the market is considered “no trend” or too weak to trade. The background fills with a light gray (high transparency) so you know to sit on your hands.
Bullish (Green)
As soon as ADX rises above 20 and +DI exceeds –DI, the background turns a semi-transparent green, signaling an emerging uptrend. When ADX climbs above 30 (strong trend), the green becomes more opaque—reminding you that trend-following signals (Strong Buy, Pullback) carry extra weight.
Bearish (Red)
Similarly, if –DI exceeds +DI with ADX >20, you get a light red tint for a developing downtrend, and a darker, more solid red once ADX surpasses 30.
By dynamically varying both hue (green vs. red vs. gray) and opacity (light vs. dark), the background instantly communicates trend strength and direction—so you always know whether to favor breakout-style entries (in a strong trend) or stay flat during choppy, low-ADX conditions.
The setup shown in the above chart snapshot is BTCUSD 15 min chart : Binance for reference.
Disclaimer
No indicator guarantees profits. Backtest or paper trade this tool to understand its behavior in your market. Always use proper position sizing and stop loss orders.
Good luck!
- BullByte
CandelaCharts - Buyside & Sellside 📝 Overview
The Buyside & Sellside Liquidity Indicator is designed to identify and emphasize one of the foundational concepts within the ICT (Inner Circle Trader) trading methodology: liquidity levels.
This tool focuses on pinpointing key areas in the market where buy-side and sell-side liquidity is concentrated, providing traders with insights into potential price targets, reversal zones, and institutional order flow behavior.
By highlighting these liquidity zones, the indicator serves as a strategic aid in understanding market dynamics and enhancing decision-making in alignment with ICT principles.
📦 Features
Buyside & Sellside Liquidity
Invalidated Liquidity
Threshold
Styling
⚙️ Settings
Liquidity: Controls visibility of Bullish/Bearish Liquidity levels.
Invalidated: Displays the invalidated liquidity levels.
Levels: Controls the number of Liquidity levels that will be displayed.
Line Style: Customize the line style and width.
Threshold: Filter by swing points the Liquidity levels.
Labels: Control the Labels visibility.
⚡️ Showcase
Buyside & Sellside
Invalidated
🚨 Alerts
This script offers alert options for all signal types.
Bearish Signal
A bearish signal is generated when the price reaches a Buyside Liquidity level.
Bullish Signal
A bullish signal is generated when the price reaches a Sellside Liquidity level.
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
ZenAlgo - AvengerThe ZenAlgo - Avenger indicator provides a multi-layered view of market behavior by combining volume delta analytics, trend-following EMAs, average price comparison, and price-volume profiling into a unified overlay. It is designed to visually assist traders in identifying areas of interest, momentum shifts, and potential reversals using cumulative data from both spot and perpetual markets.
Volume Delta Calculation
This indicator computes delta as the difference between estimated buy and sell volumes using volume data from multiple centralized exchanges. It distinguishes between spot and perpetual volumes, combining them into total volume.
To estimate buying and selling volume from raw volume data, candle structure is broken down into body and wicks. The body is interpreted as the core directional movement (buy/sell), while the wicks are treated as uncertain or counteraction. This segmentation helps infer the likely share of buying and selling within each bar.
The delta is calculated per bar and then aggregated over a lookback period (default 14 bars) to generate a cumulative delta. This approach provides a smoothed value of volume pressure trends over time.
A moving average is applied to the delta values (using selectable MA types like EMA or SMA) to define signal crossovers and suppress noise.
Delta Visualization
To contextualize delta within price action, the delta is scaled dynamically (by ATR or user-defined value) and plotted as a band around the closing price. Positive delta expands upward from price, negative delta downward. This provides a visual overlay that reflects net market pressure in context with price movement.
In cases of extreme delta (threshold set at 80% of recent maximum), the indicator marks spike bars using symbols to indicate significant directional pressure.
Identification of Noteworthy Conditions
The indicator highlights points on the chart where specific conditions are met based on the interaction between volume delta and its moving average. These conditions may align with moments of market pressure imbalance and directional movement, but they are not to be interpreted as trade signals in isolation.
Instead, these chart markers serve as visual flags for potential interest. They are intended to draw the user’s attention to scenarios where:
The delta crosses above or below its moving average, suggesting a potential shift in volume pressure.
The cumulative delta supports the direction of this crossover.
Optional filters can further restrict these markings to periods where:
The short-term trend (as inferred from EMA slope) supports the direction.
Volume is elevated relative to a recent average.
A user-defined cooldown period prevents multiple markings within short succession to avoid clutter.
It is essential to underscore that these markers do not constitute buy or sell advice . Their role is diagnostic , helping the trader to identify potential moments of interest which should be analyzed in conjunction with broader context, such as trend structure, price action, support/resistance levels, or external market data.
EMA Structure
Six EMAs with fixed lengths (13 to 56) are plotted and colored dynamically based on the most recent crossover between the fastest and slowest (EMA1 and EMA6). These EMAs help visualize short- to mid-term trends. The crossover itself is marked with symbols, with vertical offset based on ATR to maintain chart readability.
Average Line (AVG)
The indicator also calculates an average price based on a fixed window (100 bars). This is not a standard moving average but rather a raw average of recent prices stored in a circular buffer. The average is plotted, and its relative distance to the current price is labeled as a percentage. This feature serves as a simplified representation of fair value or mean reversion anchor.
EMA6 vs AVG Cross
Another layer of point of interest detection involves EMA6 crossing the AVG line. This crossover is only considered valid if EMA6 shows slope consistency in the crossing direction. These events are marked using symbols and offset vertically to avoid overlapping price action.
Divergence Detection
The script detects both regular and hidden divergences between price and delta:
Regular divergences are defined when price makes a higher high or lower low, while delta fails to confirm (makes a lower high or higher low).
Hidden divergences occur when price retraces (lower high or higher low), but delta moves against this retracement, indicating underlying strength or weakness.
Divergence points are labeled with "R" (regular) or "H" (hidden) and appear at local pivot highs or lows. The number of visible divergence labels can be limited for chart clarity.
POC and nPOC Calculations
The script includes a simplified volume profile implementation, calculating:
POC (Point of Control): the price level with the highest volume for the given period.
nPOC (non-tested POC): historical POCs that have not yet been revisited by price.
Price levels are bucketed into rows (user-defined), and volume per bucket is tracked to identify the POC. Upon a new period (e.g., day, week), a horizontal POC line is drawn. Once tested by price, the line’s appearance changes (color fades, label shrinks), helping users distinguish between untouched and touched levels.
Limits are enforced on the number of retained POCs and their maximum distance from current bars to optimize performance and chart readability.
Exchange Aggregation
Volume data is aggregated across major exchanges. This ensures that the delta calculation captures a broader market picture beyond a single venue, reducing exchange-specific noise.
How to Interpret Values
Delta Band: Wide bands indicate strong directional imbalance. Narrow bands suggest indecision or low volume.
EMA Crossover Symbols: Appear on directional shifts in moving averages. Multiple EMAs reinforcing the same slope typically indicate stronger trend.
AVG Line: Represents average price over recent history. Large deviations can indicate overextension or potential mean reversion.
Divergences: Regular ones may point to weakening momentum; hidden ones can suggest continuation despite corrective price action.
POC / nPOC: Key volume-based support/resistance levels. Untested nPOCs can act as magnets for price retests.
How to Best Use This Indicator
Use in conjunction with trend context (e.g., higher timeframe EMAs) to avoid counter-trend indications.
Treat delta spikes as caution zones—especially if they occur at known support/resistance.
Watch for divergences as early warning signs before price reverses.
Use POC/nPOC as target levels, especially if aligned with delta signals.
Apply volume and trend filters to reduce noise on shorter timeframes.
Added Value
Multi-exchange volume aggregation makes the delta calculation more robust.
Real-time cumulative delta overlaid directly on the price chart provides immediate context.
Points of interest on chart are conservative and filterable, intended to reduce false positives.
The combination of delta, trend-following EMAs, fair value line, and volume profile data is rarely found in one overlay script.
POC/nPOC visualization based on real traded volume helps identify high-interest zones for future price interaction.
Why Is It Worth Paying For
While free alternatives may provide partial insights (e.g., basic delta or single EMA crossovers), this indicator integrates multiple domains—delta, divergence, average price, trend overlays, and profile levels—into a coherent, optimized chart tool. The value lies not just in having these tools, but in how they are synchronized and visualized.
Furthermore, sourcing and synchronizing volume data from multiple exchanges for delta estimation is not straightforward in Pine Script and adds to the indicator's complexity and utility.
Disclaimers and Limitations
Delta estimation is based on candle structure and assumes wick/body distribution reflects buyer/seller activity, which may not always be precise.
Multi-exchange volume data relies on availability via TradingView’s request.security() function; if exchange data is missing or delayed, results may be incomplete.
Divergences do not guarantee reversals—should be used as part of a broader analysis framework.
On illiquid instruments or exotic pairs, the value of delta and volume-based analytics may be reduced due to unreliable volume.
Volume Range Profile with Fair Value (Zeiierman)█ Overview
The Volume Range Profile with Fair Value (Zeiierman) is a precision-built volume-mapping tool designed to help traders visualize where institutional-level activity is occurring within the price range — and how that volume behavior shifts over time.
Unlike traditional volume profiles that rely on fixed session boundaries or static anchors, this tool dynamically calculates and displays volume zones across both the upper and lower ends of a price range, revealing point-of-control (POC) levels, directional volume flow, and a fair value drift line that updates live with each candle.
You’re not just looking at volume anymore. You’re dissecting who’s in control — and at what price.
⚪ In simple terms:
Upper Zone = The upper portion of the price range, showing concentrated volume activity — typically where selling or distribution may occur
Lower Zone = The lower portion of the price range, highlighting areas of high volume — often associated with buying or accumulation
POC Bin = The bin (price level) with the highest traded volume in the zone — considered the most accepted price by the market
Fair Value Trend = A dynamic trend line tracking the average POC price over time — visualizing the evolving fair value
Zone Labels = Display real-time breakdown of buy/sell volume within each zone and inside the POC — revealing who’s in control
█ How It Works
⚪ Volume Zones
Upper Zone: Anchored at the highest high in the lookback period
Lower Zone: Anchored at the lowest low in the lookback period
Width is user-defined via % of range
Each zone is divided into a series of volume bins
⚪ Volume Bins (Histograms)
Each zone is split into N bins that show how much volume occurred at each level:
Taller = More volume
The POC bin (Point of Control) is highlighted
Labels show % of volume in the POC relative to the whole zone
⚪ Buy vs Sell Breakdown
Each volume bin is split by:
Buy Volume = Close ≥ Open
Sell Volume = Close < Open
The script accumulates these and displays total Buy/Sell volume per zone.
⚪ Fair Value Drift Line
A POC trend is plotted over time:
Represents where volume was most active across each range
Color changes dynamically — green for rising, red for falling
Serves as a real-time fair value anchor across changing market structure
█ How to Use
⚪ Identify Key Control Zones
Use Upper/Lower Zone structures to understand where supply and demand is building.
Zones automatically adapt to recent highs/lows and re-center volume accordingly.
⚪ Follow Institutional Activity
Watch for POC clustering near price tops or bottoms.
Large volumes near extremes may indicate accumulation or distribution.
⚪ Spot Fair Value Drift
The fair value trend line (average POC price) gives insight into market equilibrium.
One strategy can be to trade a re-test of the fair value trend, trades are taken in the direction of the current trend.
█ Understanding Buy & Sell Volume Labels (Zone Totals)
These labels show the total buy and sell volume accumulated within each zone over the selected lookback period:
Buy Vol (green label) → Total volume where candles closed bullish
Sell Vol (red label) → Total volume where candles closed bearish
Together, they tell you which side dominated:
Higher Buy Vol → Bullish accumulation zone
Higher Sell Vol → Bearish distribution zone
This gives a quick visual insight into who controlled the zone, helping you spot areas of demand or supply imbalance.
█ Understanding POC Volume Labels
The POC (Point of Control) represents the price level where the most volume occurred within the zone. These labels break down that volume into:
Buy % – How much of the volume was buying (price closed up)
Sell % – How much was selling (price closed down)
Total % – How much of the entire zone’s volume happened at the POC
Use it to spot strong demand or supply zones:
High Buy % + High Total % → Strong buying interest = likely support
High Sell % + High Total % → Strong selling pressure = likely resistance
It gives a deeper look into who was in control at the most important price level.
█ Why It’s Useful
Track where fair value is truly forming
Detect aggressive volume accumulation or dumping
Visually split buyer/seller control at the most relevant price levels
Adapt volume structures to current trend direction
█ Settings Explained
Lookback Period: Number of bars to scan for highs/lows. Higher = smoother zones, Lower = reactive.
Zone Width (% of Range): Controls how much of the range is used to define each zone. Higher = broader zones.
Bins per Zone: Number of volume slices per zone. Higher = more detail, but heavier on resources.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Advanced HFT Detection with VWAP & SpreadsExplanation of the HFT Detection Strategy
🔹 1. Key Indicators Used in the Strategy
It's works by combining VWAP, moving averages (SMA), volume spikes, and price jumps to detect potential HFT activity.
✅ (A) VWAP (Volume Weighted Average Price)
VWAP acts as a benchmark price that professional traders and institutions use to execute large orders.
If price is above VWAP, buyers are in control → Bullish trend
If price is below VWAP, sellers are in control → Bearish trend
HFT algorithms often place buy orders above VWAP and sell orders below VWAP to follow momentum.
➡️ Why VWAP? It ensures that signals follow the institutional trading trend.
✅ (B) Moving Averages (SMA)
Moving averages smooth out price data and help in detecting short-term momentum changes.
Fast Moving Average (5-period SMA): Reacts quickly to price changes
Slow Moving Average (20-period SMA): Identifies trend direction
➡️ Why SMA? It filters noise and confirms short-term trend shifts.
✅ (C) Volume Spike Detection
High-frequency trading is often accompanied by large volume surges. We define a volume spike as:
📌 Current Volume > 2× Average Volume of last 20 bars
➡️ Why Volume? HFTs execute rapid buy/sell orders when they detect liquidity, leading to sudden volume bursts.
✅ (D) Price Jump Detection (Sudden Volatility)
HFT algorithms often exploit quick price movements. We check if the price has moved more than twice the ATR (Average True Range) in the last 5 bars.
➡️ Why ATR? It helps to detect abnormal price movements compared to normal volatility.
🔹 2. Trading Signal Logic
Now that we have VWAP, moving averages, volume, and price movement filters, we generate buy and sell signals based on conditions.
✅ (A) Buy Signal Condition
A BUY signal is triggered when:
✔ Fast SMA crosses above Slow SMA → Short-term trend is turning bullish
✔ Volume spike occurs → HFTs are active
✔ Sudden price jump detected → High volatility
✔ Price is above VWAP → Confirms bullish trend
➡️ Why this works? It confirms that institutional traders & HFTs are buying aggressively.
✅ (B) Sell Signal Condition
A SELL signal is triggered when:
✔ Fast SMA crosses below Slow SMA → Short-term trend is turning bearish
✔ Volume spike occurs → HFTs are selling aggressively
✔ Sudden price drop detected → High volatility
✔ Price is below VWAP → Confirms bearish trend
➡️ Why this works? It confirms that institutional traders & HFTs are selling aggressively.
🔹 3. Visual Representation (Plotting Signals & VWAP)
Once we detect buy and sell signals, we mark them on the chart.
✅ (A) Buy/Sell Markers
🟢 Buy → Green upward arrow below the candle
🔴 Sell → Red downward arrow above the candle
✅ (B) VWAP Line on Chart
We also plot VWAP as a blue line to visualize trend direction.
✅ (C) Highlighting Volume Spikes
To easily spot HFT activity, we highlight volume spike bars with a blue background.
🔹 4. How to Use This Strategy?
1️⃣ Apply this script on a 1-minute or 5-minute intraday chart.
2️⃣ Look for BUY signals above VWAP and SELL signals below VWAP.
3️⃣ Verify that the volume spikes before taking action.
4️⃣ Use stop-loss & risk management (e.g., stop-loss at recent low/high).
🚀 Summary: Why This Strategy Works?
✅ VWAP ensures we follow institutional traders
✅ Volume spikes confirm sudden liquidity inflows
✅ Price jumps detect fast market moves caused by HFT bots
✅ Moving averages smooth out short-term trend shifts
DenP Ichimoku Interpreter (DII)A simple indicator using Ishimoku as a basis, giving entry and exit signals.
Components of the Ichimoku Cloud
The Ichimoku system consists of multiple lines that help traders understand market trends, momentum, and potential reversals.
1. Tenkan-Sen (Conversion Line) - Blue
Formula: (Highest High + Lowest Low) / 2 over the last 9 periods (default).
Purpose: Measures short-term trend direction.
Interpretation:
Upward movement: Indicates bullish momentum.
Downward movement: Indicates bearish momentum.
Flat line: Indicates consolidation.
2. Kijun-Sen (Base Line) - Red
Formula: (Highest High + Lowest Low) / 2 over the last 26 periods (default).
Purpose: Represents medium-term trend.
Interpretation:
Price above Kijun-Sen: Bullish signal.
Price below Kijun-Sen: Bearish signal.
Flat Kijun-Sen: Market in consolidation.
3. Senkou Span A (Leading Span A) - Light Green
Formula: (Tenkan-Sen + Kijun-Sen) / 2, plotted 26 periods ahead.
Purpose: Forms one of the Ichimoku Cloud boundaries.
Interpretation:
If Senkou Span A is rising, the market is bullish.
If Senkou Span A is falling, the market is bearish.
4. Senkou Span B (Leading Span B) - Light Red
Formula: (Highest High + Lowest Low) / 2 over the last 52 periods, plotted 26 periods ahead.
Purpose: Forms the second boundary of the Ichimoku Cloud.
Interpretation:
If price is above the cloud, the market is in a strong uptrend.
If price is below the cloud, the market is in a strong downtrend.
If price is inside the cloud, the market is consolidating.
5. Kumo (Cloud)
The area between Senkou Span A and Senkou Span B is shaded.
Green Cloud (Span A above Span B): Bullish trend.
Red Cloud (Span B above Span A): Bearish trend.
The thickness of the cloud represents market volatility.
6. Chikou Span (Lagging Line) - Green
Formula: Current closing price plotted 26 periods back.
Purpose: Confirms trend direction.
Interpretation:
Chikou Span above price 26 periods ago: Bullish.
Chikou Span below price 26 periods ago: Bearish.
Buy and Sell Conditions
The indicator generates buy and sell signals based on Ichimoku components.
1. Kijun Cross (Medium-Term Trend)
Buy Signal: When the closing price crosses above the Kijun-Sen (red line).
Sell Signal: When the closing price crosses below the Kijun-Sen.
2. Cloud Breakout (Senkou Span Cross)
Buy Signal:
When Senkou Span A is above Senkou Span B, and the price crosses above the cloud.
Indicates a strong uptrend.
Sell Signal:
When Senkou Span B is above Senkou Span A, and the price crosses below the cloud.
Indicates a strong downtrend.
3. Chikou Span Confirmation (Momentum Confirmation)
Buy Signal:
If Chikou Span (green) crosses above past price action, it confirms a bullish trend.
Used to validate Kijun and Cloud Buy signals.
Sell Signal:
If Chikou Span crosses below past price action, it confirms a bearish trend.
Visual Signals
The indicator plots triangles on the chart to indicate buy and sell signals:
Kijun Buy Signal: Upward triangle (green).
Kijun Sell Signal: Downward triangle (red).
Cloud Buy Signal: Upward triangle (green) near the cloud.
Cloud Sell Signal: Downward triangle (red) near the cloud.
Chikou Confirmation Buy: Upward triangle (green, confirming previous signals).
Chikou Confirmation Sell: Downward triangle (red, confirming previous signals).
Additional Features
Customizable Colors & Settings: Users can adjust colors, time periods, and display settings.
On-Chart Table: Displays current trend interpretations for easy reference.
How to Use the Indicator?
Check the Cloud Position:
Price above the cloud = bullish.
Price below the cloud = bearish.
Price inside the cloud = consolidation.
Look for Kijun Crosses:
Buy when price crosses above Kijun-Sen.
Sell when price crosses below Kijun-Sen.
Confirm with Chikou Span:
If Chikou Span supports the buy/sell signal, it's more reliable.
Use Cloud Breakouts for Trend Reversals:
If price moves from below to above the cloud = strong buy.
If price moves from above to below the cloud = strong sell.
Supertrend and Fast and Slow EMA StrategyThis strategy combines Exponential Moving Averages (EMAs) and Average True Range (ATR) to create a simple, yet effective, trend-following approach. The strategy filters out fake or sideways signals by incorporating the ATR as a volatility filter, ensuring that trades are only taken during trending conditions. The key idea is to buy when the short-term trend (Fast EMA) aligns with the long-term trend (Slow EMA), and to avoid trades during low volatility periods.
How It Works:
EMA Crossover:
1). Buy Signal: When the Fast EMA (shorter-term, e.g., 20-period) crosses above the Slow EMA (longer-term, e.g., 50-period), this indicates a potential uptrend.
2). Sell Signal: When the Fast EMA crosses below the Slow EMA, this indicates a potential downtrend.
ATR Filter:
1). The ATR (Average True Range) is used to measure market volatility.
2). Trending Market: If the ATR is above a certain threshold, it indicates high volatility and a trending market. Only when ATR is above the threshold will the strategy generate buy/sell signals.
3). Sideways Market: If ATR is low (sideways or choppy market), the strategy will suppress signals to avoid entering during non-trending conditions.
When to Buy:
1). Condition 1: The Fast EMA crosses above the Slow EMA.
2). Condition 2: The ATR is above the defined threshold, indicating that the market is trending (not sideways or choppy).
When to Sell:
1). Condition 1: The Fast EMA crosses below the Slow EMA.
2). Condition 2: The ATR is above the defined threshold, confirming that the market is in a downtrend.
When Not to Enter the Trade:
1). Sideways Market: If the ATR is below the threshold, signaling low volatility and sideways or choppy market conditions, the strategy will not trigger any buy or sell signals.
2). False Crossovers: In low volatility conditions, price action tends to be noisy, which could lead to false signals. Therefore, avoiding trades during these periods reduces the risk of false breakouts.
Additional Factors to Consider Adding:
=> RSI (Relative Strength Index): Adding an RSI filter can help confirm overbought or oversold conditions to avoid buying into overextended moves or selling too low.
1). RSI Buy Filter: Only take buy signals when RSI is below 70 (avoiding overbought conditions).
2). RSI Sell Filter: Only take sell signals when RSI is above 30 (avoiding oversold conditions).
=> MACD (Moving Average Convergence Divergence): Using MACD can help validate the strength of the trend.
1). Buy when the MACD histogram is above the zero line and the Fast EMA crosses above the Slow EMA.
2). Sell when the MACD histogram is below the zero line and the Fast EMA crosses below the Slow EMA.
=> Support/Resistance Levels: Adding support and resistance levels can help you understand market structure and decide whether to enter or exit a trade.
1). Buy when price breaks above a significant resistance level (after a valid buy signal).
2). Sell when price breaks below a major support level (after a valid sell signal).
=> Volume: Consider adding a volume filter to ensure that buy/sell signals are supported by strong market participation. You could only take signals if the volume is above the moving average of volume over a certain period.
=> Trailing Stop Loss: Instead of a fixed stop loss, use a trailing stop based on a percentage or ATR to lock in profits as the trade moves in your favor.
=> Exit Signals: Besides the EMA crossover, consider adding Take Profit or Stop Loss levels, or even using a secondary indicator like RSI to signal an overbought/oversold condition and exit the trade.
Example Usage:
=> Buy Example:
1). Fast EMA (20-period) crosses above the Slow EMA (50-period).
2). The ATR is above the threshold, confirming that the market is trending.
3). Optionally, if RSI is below 70, the buy signal is further confirmed as not being overbought.
=> Sell Example:
1). Fast EMA (20-period) crosses below the Slow EMA (50-period).
2). The ATR is above the threshold, confirming that the market is trending.
3). Optionally, if RSI is above 30, the sell signal is further confirmed as not being oversold.
Conclusion:
This strategy helps to identify trending markets and filters out sideways or choppy market conditions. By using Fast and Slow EMAs combined with the ATR volatility filter, it provides a reliable approach to catching trending moves while avoiding false signals during low-volatility, sideways markets.
ATR Levels and Zones with Signals📌 ATR Levels and Zones with Signals – User Guide Description
🔹 Overview
The ATR Levels and Zones with Signals indicator is a volatility-based trading tool that helps traders identify:
✔ Key support & resistance levels based on ATR (Average True Range)
✔ Buy & Sell signals triggered when price enters key ATR zones
✔ Breakout confirmations to detect high-momentum moves
✔ Dynamic Stop-Loss & Take-Profit suggestions
Unlike traditional ATR bands, this indicator creates layered ATR zones based on multiple ATR multipliers, allowing traders to gauge volatility and risk-adjust their trading strategies.
🔹 How It Works
🔸 The script calculates a baseline SMA (Simple Moving Average) of the price.
🔸 ATR (Average True Range) is then used to create six dynamic price levels above & below the baseline.
🔸 These levels define different risk zones—higher levels indicate increased volatility and potential trend exhaustion.
📈 ATR Zones Explained
🔹 Lower ATR Levels (Buying Opportunities)
📉 Lower Level 1-2 → Mild Oversold Zone (Potential trend continuation)
📉 Lower Level 3-4 → High Volatility Buy Zone (Aggressive traders start scaling in)
📉 Lower Level 5-6 → Extreme Oversold Zone (High-Risk Reversal Area)
🔹 If price enters these lower zones, it may indicate a potential buying opportunity, especially if combined with trend reversal confirmation.
🔹 Upper ATR Levels (Selling / Take Profit Zones)
📈 Upper Level 1-2 → Mild Overbought Zone (Potential pullback area)
📈 Upper Level 3-4 → High Volatility Sell Zone (Aggressive traders start scaling out)
📈 Upper Level 5-6 → Extreme Overbought Zone (High-Risk for Reversal)
🔹 If price enters these upper zones, it may indicate a potential selling opportunity or trend exhaustion, especially if momentum slows.
🔹 Sensitivity Modes
🔹 Aggressive Mode (More Frequent Signals) → Triggers buy/sell signals at Lower/Upper Level 3 & 4
🔹 Conservative Mode (Stronger Confirmation) → Triggers buy/sell signals at Lower/Upper Level 5 & 6
📌 Choose the mode based on your trading style:
✔ Scalpers & short-term traders → Use Aggressive Mode
✔ Swing & trend traders → Use Conservative Mode for stronger confirmations
🚀 How to Use the Indicator
🔹 For Trend Trading:
✅ Buy when price enters the lower ATR zones (especially in uptrends).
✅ Sell when price enters the upper ATR zones (especially in downtrends).
🔹 For Breakout Trading:
✅ Breakout Buy: Price breaks above Upper ATR Level 3 → Momentum entry for trend continuation
✅ Breakout Sell: Price breaks below Lower ATR Level 3 → Momentum short opportunity
🔹 Stop-Loss & Take-Profit Suggestions
🚨 Stop-Loss: Suggested at Lower ATR Level 6 (for longs) or Upper ATR Level 6 (for shorts)
🎯 Take-Profit: Suggested at Upper ATR Level 3 (for longs) or Lower ATR Level 3 (for shorts)
🔹 Why This Indicator is Unique
✔ Multiple ATR layers for better risk-adjusted trading decisions
✔ Combines ATR-based zones with SMA trend confirmation
✔ Both aggressive & conservative trading modes available
✔ Includes automatic stop-loss & take-profit suggestions
✔ Breakout signals for momentum traders
📢 Final Notes
✅ Free & open-source for the TradingView community!
⚠ Risk Warning: Always confirm signals with other confluences (trend, volume, support/resistance) before trading.
📌 Developed by: Maddog Blewitt
📩 Feedback & improvements are welcome! 🚀
Candle Pressure VisualizationCandle Pressure Visualization:
This TradingView indicator visualizes buying and selling pressure, highlighting extreme market sentiment through custom thresholds, color-coded candles, and histograms.
Features Overview
Custom Thresholds:
Allows you to set thresholds for buying and selling pressure (default: 70 and 90).
Buying & Selling Pressure:
Calculates pressure based on the relative position of the close price to the high and low prices of the candle.
Color-Coded Candles:
Enhances candle colors to highlight extreme pressures.
Histograms:
Displays buying and selling pressure as columns.
Extreme Pressure Markers:
Adds visual markers for areas of strong buying or selling.
his script visualizes buying and selling pressure on a TradingView chart, giving a unique perspective on market sentiment. Here's a breakdown of its functionality:
Features
Inputs for Customization
Users can set thresholds for buying and selling pressure (default: 70 and 90, respectively).
Buying and Selling Pressure Calculation
Buying pressure is calculated as the relative distance of the close price from the low.
Selling pressure is the relative distance of the close price from the high.
Handles edge cases like doji candles (where high equals low) by assigning a neutral value of 50%.
Color-Coded Candles
Bullish candles: Enhanced with a bright green (lime) if buying pressure exceeds the threshold.
Bearish candles: Enhanced with a dark red (maroon) if selling pressure exceeds the threshold.
Neutral candles: Gray for doji or balanced sentiment.
Pressure Histograms
Displays buying and selling pressure as column-style histograms with semi-transparent green and red colors.
Markers for Extreme Pressure
Labels highlight areas of extreme buying or selling pressure using small markers at the top or bottom of the chart.
Alerts
Alerts are triggered when buying or selling pressure crosses user-defined thresholds, providing actionable notifications.
Optional Total Pressure Plot
A combined plot of total pressure (buying + selling) is hidden by default for simplicity but can be enabled if needed.
Disclaimer: The information contained in my Scripts/Indicators/Ideas/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, back test, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Systems are only for educational purposes!
IBD Market School [tradeviZion]IBD Market School Indicator: User Guide and Settings Reference
A comprehensive guide to configuring and using the IBD Market School indicator for TradingView
Introduction
The IBD Market School indicator is an advanced market analysis tool that implements Investor's Business Daily's methodology for identifying optimal trading opportunities. By tracking key market indexes and analyzing price and volume patterns, it provides actionable buy and sell signals based on the CANSLIM investment system.
The indicator offers a comprehensive set of features:
Complete Signal System
10 primary buy signals (B1-B10)
Additional buy-side indicators (HH - Higher High, ED - Expired Days)
14 sell signals (S1-S14)
Index Rise 6% signal for Distribution/Stalling Day expiration
Market Health Tracking
Distribution Day detection and counting
Stalling Day identification and validation
Automatic 25-day signal expiration
6% price rise monitoring for signal clearing
Market Condition Analysis
Rally Day detection (major and minor)
Follow-Through Day confirmation
Dynamic market exposure management (0-100%)
Power Trend analysis with multiple states
Risk Management Features
Circuit Breaker system for major declines
Buy Switch system for exposure control
Customizable volume analysis (Nasdaq/S&P 500)
Distribution day clustering detection
Visual Analysis Tools
IBD-style candle display option
Power Trend state visualization
Signal line drawing system
Customizable tooltips and alerts
Proper configuration of the indicator's settings is essential as it affects:
Signal detection sensitivity and accuracy
Market exposure calculations and adjustments
Volume confirmation requirements
Visual display of market conditions and signals
Alert system behavior and notifications
This guide provides detailed explanations of each component and setting to help you optimize the indicator for your trading strategy while maintaining adherence to IBD's proven methodology.
📊 General Settings
This section controls the indicator's tooltip display, alert behavior, and candle visualization preferences.
The General Settings panel allows you to configure tooltip modes, alert types, and candle appearance.
Tooltip Display Mode
Select how detailed the tooltips should be when hovering over signals and indicators:
The three tooltip display modes: Simple (left), Detailed (center), and Market Analysis (right).
Simple Mode
Displays concise signal definitions
Shows basic entry and exit conditions
Focuses on essential trigger points
Perfect for experienced traders
Detailed Mode
Provides in-depth explanations of each buy/sell signal
Shows complete validation criteria and conditions
Includes volume requirements and percentage thresholds
Explains the context and significance of each signal
Market Analysis Mode
Focuses on broad market health metrics
Shows market exposure percentage and trend
Displays buy switch and power trend status
Tracks distribution days and signal buffers
Note: Choose the tooltip mode based on your needs:
- Simple: Provides quick, essential information on signals for fast decision-making
- Detailed: Breaks down conditions for each buy/sell signal, ideal for users wanting in-depth explanations
- Market Analysis: Focuses on broad market health, including exposure, buy switch, distribution days, and trends
Market Exposure Alert System
The indicator alerts you when market exposure levels change, helping you adjust your positions accordingly.
Alert Types
On Close (Recommended)
Triggers only after bar closes
More reliable signals as price action is confirmed
Real-Time
Triggers immediately when conditions are met
Note: Signals may change by bar close
Setting Up Alerts
Click the "..." (More) button on the indicator label "$tradeviZion - IBD Market School"
Select "Add alert on $tradeviZion - IBD Market School..."
In the Create Alert dialog:
Settings tab:
Verify the symbol and timeframe (e.g., NASDAQ:IXIC , 1D)
Condition: Select "$tradeviZion - IBD Market School"
Alert function: Choose "Any alert() function call"
Expiration: Set to "Open-ended alert"
Alert name will auto-populate
Switch to Notifications tab:
Enable "Notify in app" for push notifications in the mobile app
Enable "Show toast notification" for on-screen alerts
Enable "Play sound" and customize duration (e.g., Thin, 10 seconds)
Optional settings:
Send email (requires profile settings configuration)
Webhook URL for POST requests
Send plain text for alternative email format
Click Create to activate the alert
Alert Messages
Message format: "Market exposure change for : Market exposure from % to %"
Example: "Market exposure change for NASDAQ:IXIC : 📈 Market exposure reduced from 100% to 75%"
📈 Arrow indicates exposure increase
📉 Arrow indicates exposure decrease
Messages include previous and new exposure percentages
Note: These alerts specifically track changes in market exposure levels, helping you stay aligned with market conditions. They are essential for maintaining proper position sizing and risk management.
Chart Style Options
IBD-style Candles
Enable to match Investor's Business Daily chart style
For MarketSmith style setup, right-click on chart and go to Settings
Navigate to Symbol tab
Uncheck Body, Borders, and Wicks
Press Alt+R to restore chart view if zoom affects display
To revert to original style, right-click on chart and go to Settings
Navigate to Symbol tab
Check Body, Borders, and Wicks
Color Based on Previous Close
Colors bars based on close vs. previous close
When enabled, determines colors by comparing current close to previous close
Use blue color for closes above previous
Use pink color for closes below previous
📈 Market Exposure Table Settings
Configure how the market exposure information is displayed on your chart.
The Market Exposure Table Settings panel allows you to customize the appearance and layout of the market status display.
Layout Options
• Hide Table
Completely hides the market status display
• Basic (2 Columns)
Shows main indicators in two columns
Compact view without signal list
Ideal for minimalist chart view
• Detailed (2 Columns with Signals)
Displays main indicators plus signal panel
Shows Buy and Sell signals in separate columns
Provides comprehensive market overview
• Stacked (1 Column, Compact)
Vertical layout with single column
Most space-efficient option
Ideal for smaller chart windows
Color Settings
Background : Dark gray background for the table
Text : White text for general information
Buy Signal : Green highlighting for buy signals
Sell Signal : Red highlighting for sell signals
Additional Options
Show Trading Wisdom: Enable rotating trading messages
Displays empowering trading messages
Helps reinforce disciplined trading practices
Updates every 5 bars with new wisdom
Includes tooltips with comprehensive trading guidance
Customizable yellow text color for messages
💹 Buy Signals Settings
This section controls the visibility and behavior of buy signals and related indicators.
The Buy Signals Settings panel allows you to configure signal visibility, volatility calculations, and visual appearance of buy signals.
Signal Display Options
Buy Signals Display : Choose display mode
Show Selected Signals
Hide All
Compact Signals
Individual Signal Toggles
Primary Buy Signals (B1-B10)
Special Indicators (HH, ED)
Understanding Buy Signals
B1: Follow-Through Day (FTD)
Buy on the initial FTD with volume higher than the previous day. You may use an FTD from an index other than the NASDAQ:IXIC , but if you do, you must stay within that index for future Buy and Sell Signals.
B2: Additional Follow-Through
Buy on all additional follow-through days within 25 days from a rally day that closes above the low of the initial follow-through day.
B3: Low Above EMA21
Buy on an up or flat day when the intraday low is at or above the EMA21. Note: Once you have a B3 or B4, you can't have another until it is reset by an S5.
Special Buy Indicators
HH: Higher High (No FTD after Rally)
Triggers when current close exceeds highest point since last confirmed rally. Must not have a Follow-Through Day (FTD). Buy switch turns on when close exceeds last rally's high and turns off if close drops below that high.
ED: Expired Days
Tracks Distribution and Stalling days that have aged out. Days are tracked for a specific trading period and expired days are removed from the count.
Index Rise Settings
Index Rise 6% from DD & SD
Toggle to enable/disable monitoring of price rises above Distribution and Stalling Days. Default value of 6% (adjustable) for monitoring rises above these days.
Understanding Index Rise
This feature tracks significant market recoveries by monitoring when the index rises substantially above Distribution Days (DD) or Stalling Days (SD). When the index rises 6% or more above the closing price of any DD or SD, it indicates a strong market recovery. This is an important signal because it helps identify when the market has shown enough strength to potentially overcome previous distribution periods. When triggered, this signal reduces the distribution day count, effectively acknowledging that the previous distribution pattern may no longer be as relevant due to the market's strong recovery.
B1 Signal Configuration
Volatility Settings
B1 Auto Volatility: Calculates FTD price requirement based on 200-day volatility
B1 Manual Volatility: Fixed value (default 1.245) when auto is disabled
Visual Settings
Label Size: Small (options: Tiny, Small, Normal, Large)
Signal Color: Light green background for buy signals
Text Color: Customizable text color for signal labels
Important Notes
Signal visibility affects both chart display and calculations
Auto volatility is recommended for most users
Manual volatility should only be adjusted by experienced users
Visual settings apply to all enabled buy signals
Confirmation Rules
Price Requirements
Follow-Through Day (B1) thresholds based on 200-day volatility:
Below 0.4% volatility: 0.7% gain required
0.4% to 0.55% volatility: 0.85% gain required
0.55% to 1% volatility: 1% gain required
Above 1% volatility: 1.245% gain required
EMA Breaks (S5/S6): 0.2% threshold below 21 EMA
Downside Reversal (B9): 1.75% high-to-low spread required
Volume Requirements
Distribution Days: Volume > previous day, with -0.20% or more price decline
Stalling Days: Volume ≥ 95% of previous day
Follow-Through Days (B1/B2): Volume > previous day
Accumulation Days (B7): Volume > previous day, close in upper 25% range
Sell Signals Settings
This section controls the visibility and behavior of sell signals and market weakness indicators.
The Sell Signals Settings panel allows you to configure signal visibility and visual appearance of sell signals and market health indicators.
Signal Display Options
Sell Signals Display: Dropdown with options to control signal visibility:
Show Selected Signals
Hide All
Compact Signals
Individual Signal Toggles
Primary Sell Signals: S1-S14 and CB (Circuit Breaker)
Market Health Indicators:
Distribution Days (DD): Indicative of institutional selling. Occurs when:
Market closes down by at least 0.2%
Volume greater than or equal to prior day
Tracked for 25 trading days
Stalling Days (SD): Sign of heavy volume without upside progress. Occurs when:
Market at/near new highs
Closes with small gain (0% to 0.4%)
High volume in lower half of day's range
Understanding Sell Signals
S1: Follow-Through Day Undercut
Sell if the index closes below the low of the initial follow-through day.
S2: Failed Rally Attempt
Sell if the index undercuts the major low of the rally attempt. Market exposure is reduced to zero and the Buy Switch is turned off.
S2ml: Minor Low Undercut
Minor Low undercut of rally attempt. Market exposure is reduced by two. This does not turn off the Buy Switch.
S3: Full Distribution Minus One
Sell after the distribution count increases to one less than the full distribution count.
S4: Full Distribution
Sell after reaching the full distribution count.
S5: Break Below EMA21
Sell if the index closes 0.2% or more below the EMA21. Note: Once you have an S5, S6, or S7, you can't have another until it is reset by a B3.
S6: Overdue Break Below EMA21
Sell if the index closes down 0.2% or more below the EMA21 after 30 days have passed since the last B3 without triggering an S5.
S7: Trending Below EMA21
Sell after S5 on the 5th consecutive day that the high is below the EMA21 and a down day.
S8: Living Below EMA21
Sell after S5 on the 10th and every 5th consecutive day after that (15th, 20th, 25th, etc.) that the high is below the EMA21.
S9: Break Below 50-Day MA
Sell if the index closes below the 50-Day Moving Average. Triggers only if a B6 signal was previously printed.
S10: Bad Break
Sell if the close is down 2.25% or greater in the bottom 25% of the range. Close below the MA50 or intraday high below EMA21.
S11: Downside Reversal
Sell after a Downside Reversal Day, which occurs with:
New High within 13 weeks
Close in bottom quartile of range
Close Down for the day
Spread of 1.75% or greater
S12: Lower Low
Sell after closing below the last marked low as defined by MarketSmith.
S13: Distribution Cluster
Distribution and stalling days increase to four up to eight days within a rolling eight-day period.
S14: Break Below Higher High
Sell after closing below the last marked high that printed a B8 (Higher High).
CB: Circuit Breaker
Triggers when the index drops 10% from the highest high since the FTD (B1) and falls 5% or more below the 50-Day MA intraday.
Buy/Sell Undercut Lines
This section controls the visibility and appearance of important price level lines on your chart.
The Buy/Sell Undercut Lines panel allows you to configure which signal lines are displayed and their visual appearance.
Line Visibility
Buy Signal Lines :
B8 Line: First high above the last pivot high
HH Line: Close above the prior high since last confirmed rally without FTD
Sell Signal Lines :
S1 Line: Close below the initial follow-through day
S2 Line: Undercut of major low
S2ml Line: Minor low undercut
S12 Line: Close below last marked low
S14 Line: Close below last marked high
Line Appearance
Color Settings :
B8: Green (Buy signal)
HH: Green (Buy signal)
S1: Red (Sell signal)
S2: Red (Sell signal)
S2ml: Orange (Modified sell signal)
S12: Purple (Pivot low signal)
S14: Blue (Close below pivot)
Line Style : Dashed (options: solid, dotted, dashed)
Line Width : 1 (adjustable)
📈 Rally Signal Settings
The Rally Signal Settings panel allows you to configure Rally Day detection and visualization.
Rally Day:
Toggle to enable/disable Rally Day signals. These mark the beginning of potential market uptrends when the market closes higher than the previous day, following a significant decline.
Visual Settings:
Label Size: small (options: tiny, small, normal, large)
Background Color: Customizable background for Rally Day labels
Text Color: Customizable text color for Rally Day labels
Distribution Day Settings:
Use Manual FullDDcount: Option to manually set the minimum combined number of Distribution and Stalling Days
Count Value: Default is 6 days (adjustable when manual mode is enabled)
This setting determines how many Distribution/Stalling Days are required to trigger a new rally
Pivot Point Settings
The Pivot Point Settings panel allows you to configure the display of high/low points and percentage changes between pivots.
Display Options
Display H/L Points
Toggle to show or hide pivot levels (high and low points) on the chart
%Change
Toggle to display percentage changes between pivot points
Color Settings
Positive % Color : Blue (customizable) - Used for positive percentage changes
Negative % Color : Pink (customizable) - Used for negative percentage changes
Precision Settings
Decimal Places: Set the number of decimal places (default: 2) for:
Pivot point price levels
Percentage change calculations
⚡ Power Trend Settings
This section controls how Power Trend information is visualized on your chart.
The Power Trend Settings panel allows you to configure how trend states are displayed and customize their visual appearance.
Example of Power Trend visualization showing both boxes (green background) and trend lines. The boxes indicate trend state while lines show trend transitions.
Display Options
Show Power Trend Line : Display trend states as lines on the chart
Show Boxes : Display trend states as boxes
Show Background : Display trend states as background colors
Power Trend Color Settings
On : Light green - Full power trend active
Resume : Light green - Power trend resuming
Off : Gray - Power trend inactive
With Floor : Yellow - Under pressure with support
No Floor : Orange - Under pressure without support
Power Trend Line Settings
Line Width : Set line thickness (default: 1)
Line Offset : Adjust line position (default: 5)
Power Trend Box Settings
Text Align : Set text alignment (left, center, right)
Text Position : Set vertical position (top, middle, bottom)
Size : Set box size (tiny, small, normal, large)
Color : Customize box background color
Power Trend States
Full Power (On)
Represents strongest market condition with maximum exposure of +7
Base maximum exposure of 5 plus 2 buffer signals
Buffer allows maintaining high exposure during normal pullbacks
2 sell signals reduce count from 7 to 5 without affecting base
Indicates very healthy market that can absorb normal profit-taking
Resume State
Shows successful market recovery after pressure period
Requires 10+ days without S2 minor, S9, or S13 signals
Must reestablish all initial strength conditions
Maintains same benefits as Full Power (+7 max, +2 floor)
Shows as light green in visualization
Under Pressure With Floor
First warning stage triggered by S2 minor or S13 signals
Reduces maximum exposure to +5
Maintains minimal protection with +1 floor
Suggests defensive positioning while keeping core positions
Shows as yellow in visualization
Under Pressure No Floor
Severe warning stage triggered by S9 signal
Maintains +5 maximum exposure but removes floor protection
Indicates higher risk of continued market decline
Requires careful position management
Shows as orange in visualization
Power Trend Off
Triggered by EMA/MA crossdowns with declining price
Can also be activated by S2 or Circuit Breaker signals
Maximum exposure limited to +5 with no buffer signals
Suggests focus on capital preservation
Shows as gray in visualization
Power Trend System Rules
Each state enforces strict exposure limits with automatic floor and ceiling adjustments
Power Trend can activate Buy Switch when entering Full Power state
Restraint Rule limits exposure to +2 until significant progress or B4 signal when starting from zero exposure
State transitions immediately update exposure limits and Buy Switch status
Distribution Cluster (S13) can move Power Trend to Under Pressure With Floor state
System maintains exposure floors to prevent panic selling while allowing flexibility below floor levels
Weekly SMAs Settings
The Weekly SMAs Settings panel allows you to configure the weekly moving averages display and calculations.
SMA 1: 10 periods (enabled), Red
Length: 10
Optional EMA toggle
Width: 1
SMA 2: 20 periods, Pink
Length: 20
Optional EMA toggle
Width: 1
SMA 3: 30 periods, Green
Length: 30
Optional EMA toggle
Width: 1
SMA 4: 40 periods (enabled), White
Length: 40
Optional EMA toggle
Width: 1
SMAs Settings
The SMAs Settings panel allows you to configure the daily moving averages display and calculations.
MA 1: 10 periods, Optional EMA, Pink
Length: 10
Optional EMA toggle
Width: 1
MA 2: 21 periods (enabled), EMA, Green
Length: 21
EMA enabled
Width: 1
MA 3: 50 periods (enabled), SMA, Red
Length: 50
EMA disabled
Width: 1
MA 4: 200 periods (enabled), SMA, White
Length: 200
EMA disabled
Width: 1
Volume Settings (NASDAQ & S&P 500)
This section controls volume data sources for market analysis. Proper volume settings are crucial for confirming market signals and analyzing institutional participation.
The Volume Settings panel allows you to configure volume data sources and custom ticker options for accurate market analysis.
Important Volume Source Information
TradingView's default volume data differs from IBD's Yahoo Finance data source
Current default settings (IXIC and TVOL) provide the most accurate results compared to IBD signals
Volume differences between TradingView and IBD are expected due to different data sources
Custom ticker options are provided for future compatibility with Yahoo Finance volume data
Volume Configuration
Nasdaq Volume Settings
Default Source: NASDAQ:IXIC (Nasdaq Composite Index)
Custom Ticker Option: USI:TVOL.NQ
Enable custom source by checking "Use Custom Nasdaq Ticker?"
Note: Custom ticker must be price-based for accurate volume analysis
S&P 500 Volume Settings
Default Source: TVOL (S&P 500 Total Volume)
Custom Ticker Option: USI:TVOL.NY
Enable custom source by checking "Use Custom S&P 500 Ticker?"
Note: Custom ticker must be price-based for accurate volume analysis
Volume Analysis Impact
Used for Distribution Day confirmation
Required for Follow-Through Day validation
Helps identify institutional buying/selling
Critical for Stalling Day detection
Recommendations
Keep default settings for most accurate current results
Only use custom tickers if you have confirmed price-based volume sources
Be aware that volume-based signals might slightly differ from IBD due to data source differences
Future updates may add Yahoo Finance volume compatibility
Market Status Table
The Market Status Table provides a real-time visual overview of current market conditions and signal status. Users can customize the table's appearance through the Market Exposure Table Settings.
The Market Status Table can be displayed in three different layouts: Basic (left), Detailed (center), and Stacked (right).
Layout Options
Hide Table
Completely hides the market status display
Basic (2 Columns)
Shows main indicators in two columns
Compact view without signal list
Ideal for minimalist chart view
Detailed (2 Columns with Signals)
Displays main indicators plus signal panel
Shows Buy and Sell signals in separate columns
Provides comprehensive market overview
Stacked (1 Column, Compact)
Vertical layout with single column
Most space-efficient option
Ideal for smaller chart windows
Main Indicators
• Market Exposure
Displayed as colored dots: 🟠 🟢 🟢 🟢 🟢
Shows current exposure level (0-100%)
(⚪ ⚪ ⚪ ⚪ ⚪): 0% exposure
(🟠 ⚪ ⚪ ⚪ ⚪): 30% exposure
(🟠 🟡 ⚪ ⚪ ⚪): 55% exposure
(🟠 🟡 🟢 ⚪ ⚪): 75% exposure
(🟠 🟡 🟢 🟢 ⚪): 90% exposure
(🟠 🟡 🟢 🟢 🟢): 100% exposure
• Key Status Indicators
Buy Switch: Shows ON (forced) or OFF status
Power Trend: Displays current state with floor and maximum values
Restraint Rule: Indicates ON or OFF status
Count / Signals Buffer: Shows current count and available buffer (e.g., "7 / (+0)")
Dist. Days / Cluster: Displays distribution day count and cluster status (e.g., "1 / 0")
• Signal Panel (Available in Detailed layout)
Lists all active Buy and Sell signals
Highlighted signals indicate currently active conditions
Green highlighting shows confirmed signals
Provides quick reference for all available signals
Status Indicator Colors
🟢 indicates "ON" or positive conditions (e.g., Buy Switch ON, Power Trend Full Power)
🟡 indicates "Under Pressure" or caution (e.g., Power Trend Under Pressure With Floor)
🟠 indicates "Under Pressure No Floor" or increased caution
🔴 indicates "OFF" or negative conditions (e.g., Buy Switch OFF, Power Trend OFF)
• Signal Colors
Green background for buy signals
Red background for sell signals
Black text on signal backgrounds for better visibility
• Number Formats
Count / Buffer signals shown as "7 / (+2)"
Distribution Days / Cluster count shown as "1 / 0"
Exposure percentage shown with dots (e.g., "90%")
Trading Wisdom - Market Risk Management
"The key to successful trading is not just knowing when to enter, but managing your exposure based on market health. Always check two critical indicators before any trade:
1. Market Exposure Levels
100% (5 dots): Full positions in strong market
90% (4 dots): Slightly reduced positions
75% (3 dots): Moderate positions, more cautious
55% (2 dots): Half positions only
30% (1 dot): Small positions only
0% (0 dots): Stay in cash
2. Distribution Days Risk Levels
1-2 Days: Normal market behavior
3 Days: Caution - reduce new positions
4+ Days: High risk - defensive positioning
5-6 Days: Consider moving to cash
Remember: It's better to miss an opportunity than to catch a falling market. Let the Market Exposure Table be your guide to smart position sizing."
Pro Tip: Make checking these two indicators part of your daily routine. They're your first line of defense against major drawdowns.
Conclusion
The IBD Market School indicator brings William O'Neil's proven methodology to TradingView, providing a comprehensive system for market analysis and risk management. This tool automates the complex task of tracking market signals while maintaining strict adherence to IBD's time-tested principles.
Key Features
Follows IBD's core methodology for identifying market direction
Automates tracking of Distribution Days, Follow-Through Days, and market signals
Provides clear market exposure guidance through the Power Trend system
Helps maintain discipline through systematic Buy Switch control
Offers multiple layers of risk management
Best Practices
Always check Market Exposure and Distribution Day count before making trades
Let the Buy Switch guide your market participation
Follow Power Trend states for proper position sizing
Use the default volume settings for most accurate signal generation
Monitor all confirmation rules for proper signal validation
Remember: This indicator is designed to replicate IBD's methodology as closely as possible within TradingView's environment. While it automates signal detection and exposure management, successful trading still requires discipline, patience, and strict adherence to risk management principles.
"The goal is not to be right about the market - it's to make money by following the market's signals and managing risk."
DTS- Dynamic Trend SignalDynamic Trend Signal
The Dynamic Trend Signal indicator is a powerful and highly customizable tool designed for traders who want clear and actionable signals to guide their trading decisions. This indicator leverages the relationship between two moving averages and the current price to provide concise buy/sell recommendations while visually enhancing your chart with professional-grade features.
Key Features:
Actionable Trading Signals:
STRONG BUY / NO SELL: When the price is above both moving averages.
BUY / NO SELL: When the price is above the longer moving average but below the shorter moving average.
NO BUY / SELL: When the price is below the longer moving average but above the shorter moving average.
STRONG SELL / NO BUY: When the price is below both moving averages.
Dynamic Signal Table:
Displays real-time trading signals in a convenient table format.
Automatically updates based on market conditions.
Customizable table position (top-left, top-right, bottom-left, or bottom-right).
Dynamic background and text colors for improved visibility:
Green shades for bullish signals.
Red shades for bearish signals.
Customizable Moving Averages:
Configure each moving average independently:
Choose between Simple Moving Average (SMA) and Exponential Moving Average (EMA).
Set unique lengths, colors, and line thickness for each average.
Default settings:
MA1: Short-term (8-period) with thickness 1.
MA2: Long-term (20-period) with thickness 2.
Optional Crossover Alerts:
Visual and textual alerts for moving average crossovers:
BUY: When the shorter moving average crosses above the longer moving average.
SELL: When the shorter moving average crosses below the longer moving average.
Crossover alerts are disabled by default but can be easily enabled in settings.
Ease of Use:
Intuitive interface with clean and professional visuals.
Fully customizable to fit any trading strategy or chart style.
How It Helps Traders:
The Dynamic Trend Signal simplifies market analysis by removing guesswork and focusing on clear, data-driven signals. Whether you're a beginner looking for straightforward guidance or an experienced trader seeking to enhance your strategy, this indicator provides:
Confidence in decision-making with clear buy/sell signals.
Customization to align with your unique trading approach.
Clarity through visually appealing, color-coded signals and alerts.
Ideal For:
Swing Traders
Day Traders
Trend Followers
Traders looking to integrate a dynamic, rule-based approach to their analysis.
How to Use:
Add the Dynamic Trend Signal indicator to your chart.
Adjust the moving average lengths, types, colors, and thickness to suit your trading strategy.
Monitor the signal table for actionable recommendations.
Optionally enable crossover alerts for real-time buy/sell notifications.
Unlock the power of clear and actionable trading signals with the Dynamic Trend Signal! Add it to your TradingView chart today and take your trading strategy to the next level.
RR SummaThis is my favourite Indicator
Support and resistance are fundamental concepts in technical analysis used by traders to predict potential price movements in financial markets such as stocks, forex, and cryptocurrencies.
### 1. **Support**
Support refers to a price level at which an asset tends to find buying interest, preventing the price from falling further. It acts as a "floor" where demand is strong enough to halt the downward movement and potentially reverse it. When the price approaches support, buyers may step in, believing the asset is undervalued.
- **Characteristics of Support:**
- **Previous lows:** Historical price points where the price has repeatedly bounced upward.
- **Increased buying pressure:** When prices approach the support level, traders tend to buy, believing it's a good entry point.
- **Psychological factor:** Traders view support levels as a point where the price is unlikely to fall below for a while.
- **Example:** A stock may be trading at $50, and whenever it drops near that price, buyers step in and push it back up. In this case, $50 is the support level.
### 2. **Resistance**
Resistance is the opposite of support. It is a price level at which an asset faces selling pressure, preventing the price from rising further. It acts as a "ceiling," where supply exceeds demand, often leading to a reversal or consolidation.
- **Characteristics of Resistance:**
- **Previous highs:** Historical price points where the price has struggled to break through or where it has reversed downward.
- **Increased selling pressure:** Sellers are more likely to take profits or short the asset near resistance levels.
- **Psychological factor:** Traders may perceive resistance levels as a point where the asset is overvalued or where the trend will reverse.
- **Example:** A stock may approach a price of $100, but every time it gets close, sellers appear and push the price back down. In this case, $100 is the resistance level.
### **Key Points about Support and Resistance**
- **Breakout and Breakdown:** If a price moves beyond a support or resistance level, it is considered a breakout (above resistance) or breakdown (below support). This may signal a new trend in the market.
- **Role Reversal:** Once a resistance level is broken, it can turn into a support level, and vice versa. Traders often look for such shifts in market behavior.
- **Trend Continuation or Reversal:** Support and resistance can indicate whether the market is in a trend or preparing for a reversal. A test of support or resistance can lead to a continuation if the level holds, or a reversal if the level is breached.
### **Identifying Support and Resistance**
- **Historical Price Action:** Look for points where the price has reversed or consolidated multiple times.
- **Trendlines:** Draw trendlines that connect swing highs (resistance) and swing lows (support) to identify these levels.
- **Moving Averages:** Key moving averages (e.g., 50-day, 200-day) can act as dynamic support and resistance levels.
### **Why Support and Resistance Matter**
- **Risk Management:** Traders use these levels to place stop-loss orders to manage risk.
- **Entry and Exit Points:** These levels can help traders decide when to enter or exit trades, aiming to buy near support and sell near resistance.
- **Market Sentiment:** Support and resistance levels reflect the collective psychology of market participants, indicating areas where sentiment may shift.
In summary, support and resistance are essential tools for traders to identify potential price points where assets may reverse or consolidate. Understanding these levels allows traders to make more informed decisions about when to buy, sell, or stay on the sidelines.
Candle Range Theory [Advanced] - AlgoVisionUnderstanding Candle Range Theory (CRT) in the AlgoVision Indicator
Candle Range Theory (CRT) is a structured approach to analyzing market movements within the price ranges of candlesticks. CRT is founded on the idea that each candlestick on a chart, regardless of timeframe, represents a distinct range of price action, marked by the candle's open, high, low, and close. This range gives insights into market dynamics, and when analyzed in lower timeframes, reveals patterns that indicate underlying market sentiment and institutional behaviors.
Key Concepts of Candle Range Theory
Candlestick Range: The range of a candlestick is simply the distance between its high and low. Across timeframes, this range highlights significant price behavior, with each candlestick representing a snapshot of price movement. The body (distance between open and close) shows the primary price action, while wicks (shadows) reflect price fluctuations or "noise" around this movement.
Multi-Timeframe Analysis: A higher-timeframe (HTF) candlestick can be dissected into smaller, structured price movements in lower timeframes (LTFs). By analyzing these smaller movements, traders gain a detailed view of the market’s progression within the HTF candlestick’s range. Each HTF candlestick’s high and low provide support and resistance levels on the LTF, where the price can "sweep," break out, or retest these levels.
Market Behavior within the Range: Price action within a range doesn’t move randomly; it follows structured behavior, often revealing patterns. By analyzing these patterns, CRT provides insights into the market’s intention to accumulate, manipulate, or distribute assets within these ranges. This behavior can indicate future market direction and increase the probability of accurate trading signals.
CRT and ICT Power of 3: Accumulation, Manipulation, and Distribution (AMD)
A foundational element of our CRT indicator is its combination with ICT’s Power of 3 (Accumulation, Manipulation, and Distribution or AMD). This approach identifies three stages of market movement:
Accumulation: During this phase, institutions accumulate positions within a tight price range, often leading to sideways movement. Here, price consolidates as institutions carefully enter or exit positions, erasing traces of their intent from public view.
Manipulation: Institutions often use manipulation to create false breakouts, targeting retail traders who enter the market on perceived breakouts or reversals. Manipulation is characterized by liquidity grabs, false breakouts, or stop hunts, as price momentarily moves outside the established range before quickly returning.
Distribution: Following accumulation and manipulation, the distribution phase aligns with the true market direction. Institutions now allow the market to move with the trend, initiating a stronger and more sustained price movement that aligns with their intended position.
This AMD cycle is often observed across multiple timeframes, allowing traders to refine entries and exits by identifying accumulation, manipulation, and distribution phases on smaller timeframes within the range of a higher-timeframe candle. CRT views this cycle as the "heartbeat" of the market—a continuous loop of price movements. With our indicator, you can identify this cycle on your current timeframe, with the signal candle acting as the "manipulation" candle.
How to Use the Premium AlgoVision CRT Indicator
1. Indicator Display Options
Bullish/Bearish Plot Indication: Toggles the display of bullish or bearish CRT signals. Turn this on to display signals on your chart or off to reduce screen clutter.
Order Block Indication: Highlights the order block entry price, which is the preferred entry point for CRT trades.
Purge Time Indication: Shows when the low or high of Candle 1 is purged by Candle 2, helping to identify potential manipulation points.
2. Filter Options
Match Indicator Candle with Signal: Ensures that only bullish Candle 2s (for longs) or bearish Candle 2s (for shorts) are signaled. This filter helps eliminate signals where the candlestick’s direction does not align with the CRT model.
Take Profit Already Reached: When enabled, this filter removes CRT signals if take profit levels are reached within Candle 2. This helps focus on setups where there’s still room for price movement.
Midnight Price Filter: Filters signals based on midnight price levels:
Longs: Only signals if the order block entry price is below the midnight price.
Shorts: Only signals if the order block entry price is above the midnight price.
3. Entry and Exit Settings
Wick out prevention: Allows positions to stay open and prevent getting wicked out. Positions will still be able to close if determined by the algorithm.
Buy/Sell: This allows you to set you daily bias. You can select to only see buys or sells.
Custom Stop Loss: Sets a custom stop loss distance from the entry price (e.g., $100 or $200 away) if the predefined stop loss based on Candle 2’s low/high doesn’t suit your preference.
Take Profit Levels: Choose from three take profit levels:
Optimized Take Profit: Uses an optimized take profit level based on CRT’s recommended exit point.
Take Profit 1: Sets an initial take profit level.
Take Profit 2: Sets a secondary take profit level for a more extended exit target.
Timeframe of Order Block: Select the timeframe of the order block entry, which can be tailored based on the timeframe of the CRT signal.
Risk-to-Reward Filter: Filters trades based on a specified risk-to-reward ratio, using the indicator’s stop loss as the base. This helps to ensure trades meet minimum reward criteria.
4. Risk Management
Fixed Entry QTY: This will allow you to open all positions with a fixed QTY
Risk to Reward Ratio: This allows you to set a minimum risk to reward ratio, the strategy will only take trades if this risk to reward is met.
Risk Type:
Fixed Amount: Allows you to risk a fixed $ amount.
% of account: Allows you to risk % of account equity.
5. Day and Time Filters
Filter by Days: Specify the days of the week for CRT signals to appear. For instance, you could enable signals only on Thursdays. This setting can be adjusted to any day or combination of days.
Purge Time Filter: Filters CRT signals based on specific purge times when Candle 1’s low/high is breached by Candle 2, as CRT setups are observed to work best during certain times.
Hour Filters for CRT Signals:
1-Hour CRT Times: Allows filtering CRT signals based on specific 1-hour time intervals.
4-Hour CRT Times: Filter 4-hour CRT signals based on specified times.
Forex and Futures Conversion: Adjusts times based on standard sessions for Forex (e.g., 9:00 AM 4-hour candle) and Futures (e.g., 10 PM candle for Futures or 8 AM for Crypto).
6. Currency and Asset-Specific Filters
Crypto vs. Forex Mode: This setting adjusts the indicator’s timing to match market sessions specific to either crypto or Forex/Futures, ensuring the CRT model aligns with the asset type.
Additional Notes
Backtesting Options: Adjust these to test risk management, such as risking a fixed amount or a percentage of the account, for historical performance insights.
Optimized Settings: This version includes all features and optimized settings, with the most refined data analysis.
Conclusion By combining CRT with ICT Power of 3, the AlgoVision Indicator allows traders to leverage the CRT candlestick as a versatile tool for identifying potential market moves. This method provides beginners and seasoned traders alike with a robust framework to understand market dynamics and refine trade strategies across timeframes. Setting alerts on the higher timeframe to catch bullish or bearish CRT signals allows you to plan and execute trades on the lower timeframe, aligning your strategy with the broader market flow.
Hawk Algo ProHawk Pro Algo: The Ultimate Smart Money & Trend Detection Tool
Hawk Pro Algo is a powerful trading indicator designed to help traders track institutional money movements, detect trend reversals, and generate precise buy/sell signals. By leveraging advanced algorithms, volume analysis, divergence detection, and dynamic gradient features, Hawk Pro Algo gives you the edge needed to navigate both trending and ranging markets with confidence.
Smart Money Detection
Hawk Pro Algo goes beyond standard indicators by focusing on tracking the movements of smart money (large institutional trades). This feature identifies key moments when significant players are entering or exiting the market, enabling you to align your trades with those of the most influential market participants.
Institutional Buy Signals: These signals occur when strong upward momentum, backed by large institutional buying, is detected. It gives you a clear sign that the market is about to rally.
Institutional Sell Signals: On the flip side, sell signals are generated when institutional selling pressure emerges, allowing you to exit positions before a significant drop.
These signals ensure that you're trading in sync with the smart money, maximizing your opportunities for profitable trades.
Buy & Sell Signals: Multiple Entry/Exit Points
Hawk Pro Algo comes equipped with multiple layers of buy and sell signals, giving traders the flexibility to spot different types of trading opportunities:
1. Diamond Buy & Sell Signals
Buy Diamonds: A green diamond appears when a combination of bullish signals, such as a strong price pattern and institutional buying pressure, align. These are ideal for capturing market upswings after confirmation.
Sell Diamonds: A red diamond is plotted when bearish conditions take over. This is a clear indicator that institutional sellers are driving the market down, signaling an ideal moment to exit.
2. CCI Cross Signals
CCI Buy Signals: Triggered when the Commodity Channel Index (CCI) crosses above a certain threshold, indicating a shift in momentum to the upside. This is visualized with a green cross, signaling a strong entry opportunity.
CCI Sell Signals: Similarly, when the CCI crosses below a threshold, a red cross is plotted, signaling the momentum has shifted downward, and it’s time to consider exiting.
3. Circle Buy & Sell Signals
Buy Circles: A green circle appears when the market is ready to reverse from a downward trend, confirming a strong buying opportunity. This is often combined with oversold conditions in the CCI to further validate the entry.
Sell Circles: A red circle is shown when the market is ready to correct or reverse after an upward movement. It confirms an ideal exit point to lock in profits before the market pulls back.
4. Trigger Signals
Buy Triggers: Trigger signals indicate moments of market manipulation or sudden dips in price, where a reversal could be imminent. These signals suggest that the market could rally after a short-lived price drop.
Sell Triggers: These are moments where downward manipulation is detected, warning traders of a potential sell-off or correction after a price spike.
Gradient CCI Oscillator: Dynamic Trend Strength with Overbought and Oversold Detection
The Gradient CCI Oscillator is one of the most unique aspects of Hawk Pro Algo. It combines momentum detection with visual cues to show trend strength and potential reversal points. The CCI doesn’t just indicate regular overbought and oversold levels—it provides a dynamic gradient transition to help you gauge market momentum.
Overbought and Oversold Glow
Potential Reversals (Glow Signals)
When the market is reaching critical overbought or oversold levels, Hawk Pro Algo uses a pink glow on the CCI to signal potential reversals:
Pink Glow (Overbought): When the CCI turns pink, the market is nearing a potential reversal from overbought conditions. It suggests caution and may be a signal to prepare for a downturn.
Pink Glow (Oversold): Conversely, a pink glow in oversold conditions signals a potential upward reversal, providing an early warning to get ready for a bullish move.
Three CCI Color Logics: Momentum and Reversal Detection
Hawk Pro Algo features a three-step gradient system that helps you visualize trend strength and detect potential reversals. This tricolor CCI logic transitions smoothly between green, white, and red, giving traders a deeper understanding of market dynamics.
#1: Red → White → Green Transition (and vice versa)
Green: Indicates strong bullish momentum. The CCI turns green when the market is in a strong upward trend, especially after recovering from oversold levels.
White: Represents a neutral zone, showing that momentum is fading or in transition. When the CCI is between overbought and oversold levels, the indicator turns white, signaling indecision or a potential upcoming shift in trend.
Red: Indicates strong bearish momentum. The CCI turns red when the market is under selling pressure or in an overbought state, signaling potential weakness.
This color transition allows you to see when momentum is shifting from bullish to bearish (or vice versa) and helps you time your entries and exits with greater precision.
ETHUSDT.P 8H
#2: Flippable Gradient CCI
For added flexibility, Hawk Pro Algo allows you to flip the CCI gradient colors to suit your personal preference:
By default, the gradient transitions from green (bullish) to red (bearish).
By flipping the gradient, you can reverse this visualization, with red indicating bullish momentum and green signaling bearish conditions.
This feature ensures that the CCI display aligns with your individual trading style, providing a clearer picture of market conditions.
#3: Overbought/Oversold Color Logic
When the CCI crosses into overbought or oversold territory, the color transitions to help you stay on top of extreme market conditions:
Darker Red for overbought levels, helping you recognize when the market may be due for a reversal.
Deeper Green for oversold levels, signaling potential buying opportunities as the market reaches exhaustion.
These color shifts ensure that traders are visually alerted to key moments in the market, helping to avoid buying at the top or selling at the bottom.
Trigger Signals: Detecting Market Manipulation
The trigger signals in Hawk Pro Algo are designed to detect potential market manipulation—moments when artificial price moves occur before a larger trend shift. These signals help protect you from false breakouts or breakdowns.
Buy Triggers: These occur when the indicator detects potential upward manipulation, helping you prepare for a rally after a price dip.
Sell Triggers: Conversely, sell triggers indicate potential downward manipulation, alerting you to a possible sell-off after a price spike.
These signals act as early warnings, helping you avoid getting caught in manipulated price action and positioning you for better trade entries.
Divergence Detection: Pinpointing Reversals with real time Confidence
Hawk Pro Algo excels in divergence detection, identifying both regular and hidden divergences. Divergences occur when price action and the oscillator (CCI) are out of sync, signaling potential reversals.
Bullish Divergence: This occurs when the price is making lower lows, but the CCI is making higher lows. It suggests that downward momentum is weakening, and a reversal could be imminent. In this case, wait for the CCI to turn green to confirm that the bullish divergence is playing out before entering a trade.
Bearish Divergence: This happens when the price is making higher highs, but the CCI is making lower highs, signaling that upward momentum is weakening. Wait for the CCI to turn red to confirm that the bearish divergence is unfolding, and then consider entering a short trade.
By waiting for the CCI color to change (green for bullish divergence, red for bearish divergence), you ensure that the divergence is confirmed before taking action, leading to higher-confidence trades.
How It All Works Together
The combination of CCI color transitions, overbought/oversold detection, smart money signals, and trigger manipulations makes Hawk Pro Algo a comprehensive tool for traders of all skill levels:
Trend Strength: The CCI gradient provides instant visual feedback on the strength of the current trend, helping you gauge when to stay in a trade or prepare for a reversal.
Reversal Signals: The color-coded overbought/oversold signals help you spot key moments when the market may reverse, while divergence detection adds another layer of confidence to your entries.
Smart Money Flow: Follow the institutional money with precision buy/sell signals based on volume and trend strength, ensuring that you're aligned with
Volume-Supported Linear Regression Trend TableThe "Volume-Supported Linear Regression Trend Table" (VSLRT Table) script helps traders identify buy and sell opportunities by analyzing price trends and volume dynamics across multiple timeframes. It uses linear regression to calculate the trend direction and volume strength, visually representing this data with color-coded signals on the chart and in a table. Green signals indicate buying opportunities, while red signals suggest selling, with volume acting as confirmation of trend strength. Traders can use these signals for both short and long positions, with additional risk management and multi-timeframe validation to enhance the strategy.
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To use the "Volume-Supported Linear Regression Trend Table" (VSLRT Table) script in a trading strategy, you would incorporate it into your decision-making process to identify potential buy and sell opportunities based on the trend and volume dynamics. Here’s how you could apply it for trading:
1. Understanding the Key Elements:
Trend Direction (Slope of Price): The script uses linear regression to assess the trend direction of the price. If the price slope is positive, the asset is likely in an uptrend; if it's negative, the asset is in a downtrend.
Volume-Backed Signals: The buy or sell signal is not only based on the price trend but also on volume. Volume is crucial in validating the strength of a trend; large volume often indicates strong interest in a direction.
2. Interpreting the Table and Signals:
The table displayed at the bottom-right of your TradingView chart gives you a clear overview of the trends across different timeframes:
Trend Colors:
Green hues (e.g., ccol11, ccol12, etc.): Indicate a buying trend supported by volume.
Red hues (e.g., ccol21, ccol22, etc.): Indicate a selling trend supported by volume.
Gray: Indicates weak or unclear trends where no decisive direction is present.
Buy/Sell Signals:
The script plots triangles on the chart:
Upward triangle below the bar signals a potential buy.
Downward triangle above the bar signals a potential sell.
3. Building a Trading Strategy:
Here’s how you can incorporate the script’s information into a trading strategy:
Buy Signal (Long Entry):
Look for green triangles (indicating a buy signal) below a bar.
Confirm that the trend color in the table for the relevant timeframe is green, which shows that the buy signal is supported by strong volume.
Ensure that the price is in an uptrend (positive slope) and that volume is increasing on upward moves, as this indicates buying interest.
Execute a long position when these conditions align.
Sell Signal (Short Entry):
Look for red triangles (indicating a sell signal) above a bar.
Confirm that the trend color in the table for the relevant timeframe is red, which shows that the sell signal is supported by strong volume.
Ensure that the price is in a downtrend (negative slope) and that volume is increasing on downward moves, indicating selling pressure.
Execute a short position when these conditions align.
Exiting the Trade:
Exit a long position when a sell signal (red triangle) appears, or when the trend color in the table shifts to red.
Exit a short position when a buy signal (green triangle) appears, or when the trend color in the table shifts to green.
4. Multi-Timeframe Confirmation:
The script provides trends across multiple timeframes (tf1, tf2, tf3), which can help in validating your trade:
Short-Term Trading: Use shorter timeframes (e.g., 3, 5 minutes) for intraday trades. If both short and medium timeframes align in trend direction (e.g., both showing green), it strengthens the signal.
Longer-Term Trading: If you are trading on a higher timeframe (e.g., daily or weekly), confirm that the lower timeframes align with your intended trade direction.
5. Adding Risk Management:
Stop-Loss: Place stop-losses below recent lows (for long trades) or above recent highs (for short trades) to minimize risk.
Take Profit: Consider taking profit at key support/resistance levels or based on a fixed risk-to-reward ratio (e.g., 2:1).
Example Strategy Flow:
For Long (Buy) Trade:
Signal: A green triangle appears below a candle (Buy signal).
Trend Confirmation: Check that the color in the table for your selected timeframe is green, confirming the trend is supported by volume.
Execute Long: Enter a long trade if the price is trending upward (positive price slope).
Exit Long: Exit when a red triangle appears above a candle (Sell signal) or if the trend color shifts to red in the table.
For Short (Sell) Trade:
Signal: A red triangle appears above a candle (Sell signal).
Trend Confirmation: Check that the color in the table for your selected timeframe is red, confirming the trend is supported by volume.
Execute Short: Enter a short trade if the price is trending downward (negative price slope).
Exit Short: Exit when a green triangle appears below a candle (Buy signal) or if the trend color shifts to green in the table.
6. Fine-Tuning:
Backtesting: Before trading live, use TradingView’s backtesting features to test the strategy on historical data and optimize the settings (e.g., length of linear regression, timeframe).
Combine with Other Indicators: Use this strategy alongside other technical indicators (e.g., RSI, MACD) for better confirmation.
In summary, the script helps identify trends with volume support, giving more confidence in buy/sell decisions. Combining these signals with risk management and multi-timeframe analysis can create a solid trading strategy.
Trend, Momentum and Price value analysis [deepakks444]Trend, Momentum, and Price Value Analysis
This indicator combines several key technical analysis tools to help traders evaluate the market's trend strength, momentum, and overall price behavior. It uses a variety of signals to generate a "Buy," "Sell," or "No Clear Indication" based on multiple indicators and plots them directly on the chart. A customizable table also summarizes these signals, making it easy to interpret the market conditions in real-time.
Key Features:
VWAP (Volume-Weighted Average Price): Indicates whether the price is above or below the VWAP line, helping to identify buying or selling opportunities based on fair value.
Alligator Indicator: Utilizes three simple moving averages (SMAs) to track trend direction, providing a clear "Buy" or "Sell" signal when the averages are aligned.
Supertrend: A widely-used trend-following indicator, this script identifies potential buy or sell zones based on the price's relationship with the Supertrend line.
20-period Moving Average (MA): A simple moving average to track the overall trend direction. The signal is based on the price crossing above or below the MA.
ADX (Average Directional Index): Measures the strength of the trend. A reading above 25 indicates a "Buy" signal, while a reading below suggests a "Sell."
RSI (Relative Strength Index): Generates a buy signal when RSI exceeds 60 and a sell signal when it drops below 40. Values between 40 and 60 indicate a neutral condition.
MACD (Moving Average Convergence Divergence): Provides a signal for buying when the MACD line crosses above the signal line, and selling when it crosses below.
Volume Signal: Compares current volume against the 20-period moving average to identify significant volume spikes. This helps in determining if the market is supported by strong volume.
Customization Options:
Moving Average Length: Customize the 20-period MA length to better fit your trading style or the asset you’re analyzing.
Supertrend Settings: Adjust the Supertrend factor and ATR period for different timeframes or volatility environments.
Table Position: Customize where the signal table is displayed on the chart (Top Right, Top Left, Bottom Right, or Bottom Left).
Table Appearance: Set the table background color and choose between small or tiny text size for better readability.
Signal Summary:
The indicator computes a combined signal based on the number of "Buy" or "Sell" signals from the individual indicators. If 5 or more indicators suggest a "Buy" or "Sell," the table will display a combined signal for easier decision-making. This feature consolidates the signals into one straightforward output, helping you filter noise and act on clear trends.
Table Display:
The customizable table organizes the signals of the key indicators, showing:
Indicator: Lists all the indicators in use, such as VWAP, Alligator, Supertrend, etc.
Signal: Displays "Buy," "Sell," or "Neutral" for each indicator based on the current market conditions.
Intended Use:
This script is designed to help traders monitor multiple technical indicators at once, giving them a clearer view of the market’s trend strength, momentum, and volatility. While it simplifies the process of interpreting various signals, users should use it in combination with their own research and risk management strategies.
Disclaimer: This script is for educational purposes only and should not be considered financial advice. All trading involves risk, and the performance of an indicator in the past does not guarantee future results. Always perform due diligence and use proper risk management techniques.
3 days ago
Release Notes
A "Buy" triangle is plotted below the bar if the signal changes to "Buy".
A "Sell" triangle is plotted above the bar if the signal changes to "Sell".
Script Name: Trend, Momentum, and Price Value Analysis
The Trend, Momentum, and Price Value Analysis script provides a multi-faceted approach to market analysis, combining several technical indicators into a single tool. This script offers an easy-to-interpret table summarizing various indicator signals, along with visual buy/sell signals on the chart.
Key Features:
VWAP (Volume Weighted Average Price):
The VWAP provides insights into whether the current price is above or below the average weighted price, helping traders identify potential buy or sell opportunities.
Alligator Indicator (Simplified):
Using three simple moving averages (SMAs), this tool helps identify the beginning of trends and potential buy/sell zones based on the Alligator jaw, teeth, and lips.
Supertrend:
A trend-following indicator that determines whether the market is in a bullish or bearish phase based on ATR and factor inputs. The Supertrend line is plotted on the chart.
20-period Moving Average (MA):
A basic moving average that assists in gauging price direction and the overall trend.
ADX (Average Directional Index):
Helps identify the strength of a trend. A value above 25 indicates a strong trend.
RSI (Relative Strength Index):
Measures momentum by identifying overbought and oversold conditions. A signal is triggered when RSI is above 60 (buy) or below 40 (sell).
MACD (Moving Average Convergence Divergence):
A momentum indicator that provides signals when the MACD line crosses the signal line.
Volume Signal:
Compares the current volume with a 20-period average to determine if volume supports the current trend direction.
Signal Table:
A table is generated on the chart, displaying real-time signals from each of the above indicators. The table is customizable with background colors and text sizes.
The position of the table can be set to any corner of the chart for convenience.
Combined Signal Logic:
The script calculates a Combined Signal based on the majority of buy or sell signals across all the indicators. If 5 or more indicators give a buy or sell signal, a combined signal is generated.
Buy/Sell Signal Plots:
The script plots buy (green triangle) and sell (red triangle) signals on the chart based on the combined signal when transitioning from a previous opposite signal.
Customizable Inputs:
Users can customize the length of the moving averages, adjust the background and text colors of the table, and choose the position of the table on the chart.
Delta Dashboard with Custom Candle Count "Delta Dashboard with Custom Candle Count," creates a dynamic table on a chart that shows Buying Delta, Selling Delta, and Cumulative Delta for a user-defined number of candles. It is designed to give traders an easy-to-read visual dashboard for analyzing volume-based deltas, potentially helping to identify bullish or bearish trends.
Script Overview:
Custom Timeframe Input: The user has the option to enable a custom lower timeframe (useCustomTimeframeInput). If enabled, the script uses the lowerTimeframeInput (default is 1 minute) to request data from a lower timeframe. If not enabled, the script automatically selects a timeframe based on the chart’s current settings.
Candle Count Input: The script allows the user to specify the number of candles (numCandlesInput) for which they want to track volume deltas. This input determines how many columns are included in the delta dashboard.
Proportional Buy/Sell Volume Calculation: The script calculates the buy and sell volume for each candle. The buy volume is based on how much the price has moved up from the low, while the sell volume is based on how much the price has moved down from the high. The total volume is then split between buyers and sellers for a more accurate volume-based analysis.
Lower Timeframe Volume Data: The script requests volume data from the lower timeframe and uses it to calculate the positive (buying) and negative (selling) volume arrays over the specified number of candles.
Cumulative Delta: The cumulative delta is calculated as the difference between buying volume (positiveVolume) and selling volume (negativeVolume). The delta is accumulated over the day, and it resets at the start of each new day.
Dashboard Creation: The script creates a table (deltaTable) that is displayed on the chart, showing the following for each candle:
Buying Delta: The volume of buy orders.
Selling Delta: The volume of sell orders.
Cumulative Delta: The net difference between buying and selling volumes over the course of the day.
Dynamic Table Updating: The table updates with each new candle. The current candle's data is dynamically added to the table, and older candles shift to the left. When the maximum number of candles (as defined by numCandlesInput) is reached, the table wraps around, continuously updating with the latest data.
Abnormal Volume Detection: The script highlights candles where abnormal volume is detected. If the buying or selling volume for a particular candle is greater than twice the 50-period moving average volume, it highlights the respective cells in the table with shaded background colors:
Green: Indicates abnormal buying volume.
Red: Indicates abnormal selling volume.
Blue: Highlights abnormal cumulative delta spikes.
Daily Reset: The script automatically clears the table at the start of each new day, ensuring that the dashboard only reflects data from the current trading day.
How to Use:
Adding to Chart: To use this script, apply it to your TradingView chart. The dashboard will automatically appear in the upper left corner of the chart, showing volume-based delta data for each candle.
Customizing Timeframe: If you want to use a different timeframe for delta calculation (e.g., 1-second or 1-minute chart data), enable the Use Custom Timeframe option and specify the desired timeframe in the input section.
Adjusting the Number of Candles: You can adjust the number of candles shown in the delta dashboard by changing the Number of Candles input. The script will track the volume deltas for this number of candles, displaying them in the dashboard.
Interpreting the Dashboard:
Buying Delta: A higher positive value indicates stronger buying pressure in that candle.
Selling Delta: A higher negative value indicates stronger selling pressure in that candle.
Cumulative Delta: This value gives the net result of buying versus selling pressure across the trading day. Positive cumulative delta suggests buying dominance, while negative cumulative delta suggests selling dominance.
Abnormal Volume Detection: When abnormal volume spikes occur, pay attention to highlighted rows:
Green cells show that buying volume is unusually high.
Red cells indicate unusually high selling volume.
Blue cells mark large spikes in cumulative delta.
This script can be particularly useful for traders who want to gauge market sentiment based on volume distribution and detect abnormal trading activity, which could precede significant price movements.
Relative volume zone + Smart Order Flow Dynamic S/ROverview:
The Relative Volume Zone + Smart Order Flow with Dynamic S/R indicator is designed to help traders identify key trading opportunities by combining multiple technical components. This script integrates relative volume analysis, order flow detection, VWAP, RSI filtering, and dynamic support and resistance levels to offer a comprehensive view of the market conditions. It is particularly effective on shorter timeframes (M5, M15), making it suitable for scalping and day trading strategies.
Key Components:
1. Relative Volume Zones:
• The script calculates the relative volume by comparing the current volume with the average volume over a defined lookback period (volLookback). When the relative volume exceeds a specified multiplier (volMultiplier), it indicates a high volume zone, signaling potential accumulation or distribution areas.
• Purpose: Identifies high-volume trading zones that may act as significant support or resistance, indicating possible entry or exit points.
2. Smart Order Flow Analysis:
• The indicator uses Volume Delta (the difference between buying and selling volume) and a Cumulative Delta to detect order imbalances in the market.
• Order Imbalance is identified using a moving average of the Volume Delta (orderImbalance), which helps highlight hidden buying or selling pressure.
• Purpose: Reveals market sentiment by showing whether buyers or sellers dominate the market, aiding in the identification of trend reversals or continuations.
3. VWAP (Volume Weighted Average Price):
• VWAP is calculated over a default daily length (vwapLength) to show the average price a security has traded at throughout the day, based on both volume and price.
• Purpose: Provides insight into the fair value of the asset, indicating whether the market is in an accumulation or distribution phase.
4. RSI (Relative Strength Index) Filter:
• RSI is used to filter buy and sell signals, preventing trades in overbought or oversold conditions. It is calculated using a specified period (rsiPeriod).
• Purpose: Reduces false signals and improves trade accuracy by only allowing trades when RSI conditions align with volume and order flow signals.
5. Dynamic Support and Resistance Levels:
• The script dynamically plots support and resistance levels based on recent swing highs and lows (swingLookback).
• Purpose: Identifies potential reversal zones where price action may change direction, allowing for more precise entry and exit points.
How It Works:
• Buy Signal:
A buy signal is generated when:
• The price enters a high-volume zone.
• The price crosses above a 5-period moving average.
• The cumulative delta shows more buying pressure (cumulativeDelta > SMA of cumulativeDelta).
• The RSI is below 70 (not in overbought conditions).
• Sell Signal:
A sell signal is generated when:
• The price enters a high-volume zone.
• The price crosses below a 5-period moving average.
• The cumulative delta shows more selling pressure (cumulativeDelta < SMA of cumulativeDelta).
• The RSI is above 30 (not in oversold conditions).
• Dynamic Support and Resistance Lines:
Drawn based on recent swing highs and lows, these lines provide context for potential price reversals or breakouts.
• VWAP and Order Imbalance Lines:
Plotted to show the average traded price and highlight order flow shifts, helping to validate buy/sell signals.
How to Use:
1. Apply the Indicator:
Add the script to your chart and adjust the settings to match your trading style and preferred timeframe (optimized for M5/M15).
2. Interpret the Signals:
Use the buy and sell signals in conjunction with dynamic support/resistance, VWAP, and order imbalance lines to identify high-probability trade setups.
3. Monitor Alerts:
Set alerts for significant order flow events to receive notifications when there is a positive or negative order imbalance, indicating potential market shifts.
What Makes It Unique:
This script is unique because it combines multiple market analysis tools — relative volume zones, smart order flow, VWAP, RSI filtering, and dynamic support/resistance — to provide a well-rounded, multi-dimensional view of the market. This integration allows traders to make more informed decisions by validating signals across various indicators, enhancing overall trading accuracy and effectiveness.
Relative volume zone + Smart Order Flow Dynamic S/ROverview:
The Relative Volume Zone + Smart Order Flow with Dynamic S/R indicator is designed to help traders identify key trading opportunities by combining multiple technical components. This script integrates relative volume analysis, order flow detection, VWAP, RSI filtering, and dynamic support and resistance levels to offer a comprehensive view of the market conditions. It is particularly effective on shorter timeframes (M5, M15), making it suitable for scalping and day trading strategies.
Key Components:
1. Relative Volume Zones:
• The script calculates the relative volume by comparing the current volume with the average volume over a defined lookback period (volLookback). When the relative volume exceeds a specified multiplier (volMultiplier), it indicates a high volume zone, signaling potential accumulation or distribution areas.
• Purpose: Identifies high-volume trading zones that may act as significant support or resistance, indicating possible entry or exit points.
2. Smart Order Flow Analysis:
• The indicator uses Volume Delta (the difference between buying and selling volume) and a Cumulative Delta to detect order imbalances in the market.
• Order Imbalance is identified using a moving average of the Volume Delta (orderImbalance), which helps highlight hidden buying or selling pressure.
• Purpose: Reveals market sentiment by showing whether buyers or sellers dominate the market, aiding in the identification of trend reversals or continuations.
3. VWAP (Volume Weighted Average Price):
• VWAP is calculated over a default daily length (vwapLength) to show the average price a security has traded at throughout the day, based on both volume and price.
• Purpose: Provides insight into the fair value of the asset, indicating whether the market is in an accumulation or distribution phase.
4. RSI (Relative Strength Index) Filter:
• RSI is used to filter buy and sell signals, preventing trades in overbought or oversold conditions. It is calculated using a specified period (rsiPeriod).
• Purpose: Reduces false signals and improves trade accuracy by only allowing trades when RSI conditions align with volume and order flow signals.
5. Dynamic Support and Resistance Levels:
• The script dynamically plots support and resistance levels based on recent swing highs and lows (swingLookback).
• Purpose: Identifies potential reversal zones where price action may change direction, allowing for more precise entry and exit points.
How It Works:
• Buy Signal:
A buy signal is generated when:
• The price enters a high-volume zone.
• The price crosses above a 5-period moving average.
• The cumulative delta shows more buying pressure (cumulativeDelta > SMA of cumulativeDelta).
• The RSI is below 70 (not in overbought conditions).
• Sell Signal:
A sell signal is generated when:
• The price enters a high-volume zone.
• The price crosses below a 5-period moving average.
• The cumulative delta shows more selling pressure (cumulativeDelta < SMA of cumulativeDelta).
• The RSI is above 30 (not in oversold conditions).
• Dynamic Support and Resistance Lines:
Drawn based on recent swing highs and lows, these lines provide context for potential price reversals or breakouts.
• VWAP and Order Imbalance Lines:
Plotted to show the average traded price and highlight order flow shifts, helping to validate buy/sell signals.
How to Use:
1. Apply the Indicator:
Add the script to your chart and adjust the settings to match your trading style and preferred timeframe (optimized for M5/M15).
2. Interpret the Signals:
Use the buy and sell signals in conjunction with dynamic support/resistance, VWAP, and order imbalance lines to identify high-probability trade setups.
3. Monitor Alerts:
Set alerts for significant order flow events to receive notifications when there is a positive or negative order imbalance, indicating potential market shifts.
What Makes It Unique:
This script is unique because it combines multiple market analysis tools — relative volume zones, smart order flow, VWAP, RSI filtering, and dynamic support/resistance — to provide a well-rounded, multi-dimensional view of the market. This integration allows traders to make more informed decisions by validating signals across various indicators, enhancing overall trading accuracy and effectiveness.
Static Buy Zone with Dynamic RSI OverlayOverview:
The Static Buy Zone with Dynamic RSI Overlay is a custom technical indicator designed to help traders visualize potential buy and sell zones on a price chart. It achieves this by plotting dynamic horizontal lines and a shaded box representing the buy or sell zones based on the current price and RSI (Relative Strength Index) values. The indicator highlights price levels that are 1% above and below the current price, which can serve as a visual reference for potential market entry or exit points. The fill color and the placement of these zones are dynamically updated based on the RSI values and price movement, offering a clear, visual representation of overbought or oversold conditions.
Key Features:
• Dynamic Buy and Sell Zones:
The indicator plots horizontal lines 1% above and 1% below the current price to identify potential buy and sell zones. These zones are recalculated on every bar update, ensuring that they stay relevant to the latest price movement.
• RSI Integration:
The RSI indicator is used to detect overbought and oversold conditions, which trigger the display of the buy/sell zones:
• When the RSI falls below a user-defined lower bound (default 20), a green buy zone is drawn to indicate a potential buying opportunity.
• When the RSI exceeds a user-defined upper bound (default 80), a red sell zone is drawn to indicate a potential selling opportunity.
• Visual Aids:
The indicator visually highlights the areas between the two price boundaries by filling the space with a semi-transparent color (green for buy, red for sell). This makes it easy for traders to spot these areas on the chart.
• User Customization:
• RSI Thresholds: Users can customize the upper and lower RSI bounds that trigger the buy/sell zones.
• Price Range: The buy and sell zones are set dynamically as 1% above or below the current price, but this range can be easily adapted if needed by editing the script.
How it Works:
The indicator calculates the buy zone as the area 1% below the current price and the sell zone as the area 1% above the current price. When the RSI value crosses above or below the user-defined thresholds, these zones are plotted on the chart with a corresponding color (green for buy, red for sell). This allows traders to quickly assess when the market might be overbought or oversold and take action accordingly.
When the RSI is within the normal range (between the upper and lower bounds), the indicator removes the lines and box, signaling that the price is in a neutral state and not in an immediate buy or sell zone.
Use Case:
This indicator is especially useful for traders who prefer a visual representation of overbought/oversold zones and want to quickly spot potential reversal points. By combining price action and RSI levels, it offers a comprehensive view of possible entry and exit points, especially in volatile markets.
How to Use:
1. Plot on any asset: Add the indicator to your chart to automatically generate the buy/sell zones based on the current price and RSI.
2. Adjust RSI thresholds: Customize the RSI bounds to suit your trading style. For example, conservative traders may opt for lower bounds (e.g., 30 for buys and 70 for sells), while more aggressive traders might use 20 and 80.
3. Interpretation:
• Green Zone: A green shaded area will appear when the RSI is below the lower bound, signaling a potential oversold condition. This is a zone where buying pressure might increase.
• Red Zone: A red shaded area will appear when the RSI is above the upper bound, signaling a potential overbought condition. This is a zone where selling pressure might increase.
Disclaimer:
This indicator is intended to be used as a supplementary tool for market analysis and is not a stand-alone trading system. Traders should use it in conjunction with other technical indicators and fundamental analysis to make well-informed trading decisions.
Chart Example:
Why This Indicator is Original:
• This script dynamically integrates the RSI with buy/sell zones based on price movement rather than simply replicating traditional RSI overbought/oversold indicators.
• It offers a unique visual representation by shading areas of the chart based on real-time RSI values, allowing for a quick, intuitive understanding of potential entry/exit points.
