Inverse MACD + DMI Scalping with Volatility Stop (By Coinrule)This script is focused on shorting during downtrends and utilises two strength based indicators to provide confluence that the start of a short-term downtrend has occurred - catching the opportunity as soon as possible.
This script can work well on coins you are planning to hodl for long-term and works especially well whilst using an automated bot that can execute your trades for you. It allows you to hedge your investment by allocating a % of your coins to trade with, whilst not risking your entire holding. This mitigates unrealised losses from hodling as it provides additional cash from the profits made. You can then choose to hodl this cash, or use it to reinvest when the market reaches attractive buying levels.
Alternatively, you can use this when trading contracts on futures markets where there is no need to already own the underlying asset prior to shorting it.
ENTRY
The trading system uses the Momentum Average Convergence Divergence (MACD) indicator and the Directional Movement Index (DMI) indicator to confirm when the best time is for selling. Combining these two indicators prevents trading during uptrends and reduces the likelihood of getting stuck in a market with low volatility.
The MACD is a trend following momentum indicator and provides identification of short-term trend direction. In this variation it utilises the 12-period as the fast and 26-period as the slow length EMAs, with signal smoothing set at 9.
The DMI indicates what way price is trending and compares prior lows and highs with two lines drawn between each - the positive directional movement line (+DI) and the negative directional movement line (-DI). The trend can be interpreted by comparing the two lines and what line is greater. When the negative DMI is greater than the positive DMI, there are more chances that the asset is trading in a sustained downtrend, and vice versa.
The system will enter trades when two conditions are met:
1) The MACD histogram turns bearish.
2) When the negative DMI is greater than the positive DMI.
EXIT
The strategy comes with a fixed take profit combined with a volatility stop, which acts as a trailing stop to adapt to the trend's strength. Depending on your long-term confidence in the asset, you can edit the fixed take profit to be more conservative or aggressive.
The position is closed when:
Take-Profit Exit: +8% price decrease from entry price.
OR
Stop-Loss Exit: Price crosses above the volatility stop.
In general, this approach suits medium to long term strategies. The backtesting for this strategy begins on 1 April 2022 to 18 July 2022 in order to demonstrate its results in a bear market. Back testing it further from the beginning of 2022 onwards further also produces good returns.
Pairs that produce very strong results include SOLUSDT on the 45m timeframe, MATICUSDT on the 2h timeframe, and AVAUSDT on the 1h timeframe. Generally, the back testing suggests that it works best on the 45m/1h timeframe across most pairs.
A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
在腳本中搜尋"bear"
Momentum With Bullish & Bearish LabelMOMENTUM WITH BULLISH AND BEARISH SIGNALS
This is a momentum oscillator that paints red or green depending on whether Momentum is above or below the zero line. It includes a label on the right hand side that will reflect the bullish or bearish direction of the current momentum by changing colors to red or green and text telling you Bullish or Bearish.
***HOW TO USE***
When Momentum is above zero, it is bullish. When Momentum is below zero it is bearish.
A label on the right side will update in real time to tell you if momentum is Bullish or Bearish for faster recognition of the trend.
When momentum is above the zero line(Bullish) but trending downward, a second label will show up in purple to notify you of a change in momentum direction.
When momentum is below the zero line(Bearish) but trending upward, a second label will show up in purple to notify you of a change in momentum direction.
This indicator was built to help you quickly identify the Bullish or Bearish nature of the current Momentum using colors as well as a live color changing label so you can glance at the label and understand it's direction without analyzing the indicator data.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This momentum indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Directional Movement Index, Volume Profile, Auto Support And Resistance and Money Flow Index in combination with this Momentum Oscillator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
DECPDECP is simple and easy to use!
It detects bullish and bearish engulfing candlestick patterns.
After detecting the patterns I've said, it mentions that the pattern is going to continue its direction to up or down.
But remember candlestick patterns don't determine targets and it's possible that predicted directions fail.
So use it carefully and enjoy it!
MJ Important Candlestick Patterns + Smart TrendThis script detects 6 important candlestick patterns defined by the author and puts chart labels on your chart for your attention. It also includes a smart trend checking algorithm to detect trends.
The six candlestick patterns covered are:
Bullish Engulfing
Bearish Engulfing
Piercing Line
Dark Cloud Cover
Bullish Harami
Bearish Harami
*** Smart feature of this indicator is that it can detect uptrends or downtrends before alerting you regarding the bullish or bearish reversal candlestick pattern. This is achieved by comparing the typical price (high+low+close divided by 3) of today's candle versus three days ago.
[blackcat] L2 Bull Bear Convergence Divergence (BBCD)Level: 2
Background
A bull market is gaining ground and is economically sound, while a bear market is declining and most stocks are depreciating. The actual origins of these terms are unclear, but one reason could be that bulls attack by pulling their horns up while bears attack by brushing their paws down.
Function
L2 Bull Bear Convergence Divergence (BBCD) disclose the convergence divergence of the bull bear as a market opinion indicator. It tells you the opinion of those who are directly involved with the markets. As a trader, understanding how the convergence divergence of the bull bear works can be of great help. I inherited the traditional MACD expression method, and added golden cross (yellow cross) and dead cross (fuchsia cross) prompts, as well as bottom divergence (lime cross) and top divergence (red cross) prompts.
Key Signal
bbd --> bull bear fast line
bbdsupport --> bull bear slow line and support level
bbdgx --> bull bear gold cross in yellow
bbddx --> bull bear dead cross in fuchsia
bbotdiverg --> bull bear bottom divergence alert in lime cross
btopdiverg --> bull bear top divergence alert in red cross
Pros and Cons
Pros:
1. it can help to see the strength change of a trend in time
2. visual bottom and top divergence alerts are provided
Cons:
1. it disclose the strength change better than price change
Remarks
Bull Bear Convergence Divergence (BBCD) is new.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Zidni BullEngulf BearEngulfBullish Engulfing candle that considers the length of the candle and the position of the candle in a downtrend.
Bearish Engulfing candle that considers the length of the candle and the position of the candle in an uptrend.
Bulls vs BearsThe script measures relative strenth of bull bars vs bear bars that complete the next rules:
1) rising price with rising volume calculates as bullish only if the next candle is higher
2) falling price with falling volume calculates as bullish only if the next candle is higher
3) rising price with falling volume calculates as bearish only if the next candle is lower
4) falling price with rising volume calculates as bearish only if the next candle is lower
examples
ethusdt
shitperp
bsvusdt
btcusdt
Engulfing Look-back AlertThis script is an extension of the classical engulf pattern with added rules and user defined features.
Engulfing Candle Definition:
- Bullish Engulfing: Trade BELOW the prior candle's LOW and CLOSE ABOVE the prior candle's HIGH. Previous candle can be an up (bullish) or a down (bearish) candle
- Bearish Engulfing: Trade ABOVE the prior candle’s HIGH and CLOSE BELOW the prior candle’s LOW. Previous candle can be an up (bullish) or a down (bearish) candle
Features:
- Set the look-back period for engulfing candle high and low -> default = 1; e.g. Did the bullish eng candle trade below the lows of the last 3 candles and trade above the highs of the last 4 candles? Set the input values accordingly
- Choose time frame(s) engulfing candle is to be displayed on -> default = M/W/D/4H/1H/15M
- Ability to enable Alerts (includes time frame alert was triggered on): IMPORTANT - when setting alerts ensure to choose "ONCE PER BAR"; otherwise alerts will NOT trigger as intended
prntscr.com
Red and Green Ignored Bar by Oliver VelezOn this occasion I present a script that detects Ignored Red Candles and Ignored Green Candles, basically it is a Price Action event that indicates a possible continuation of the current trend and gives the opportunity to climb it with a Very tight risk, before delving into detail I would like to leave this note:
Note: the detection of this event does not guarantee that the signal will be good, the trader must have the ability to determine its quality based on aspects such as trend, maturity, support / resistance levels, expansion / contraction of the market, risk / benefit, etc, if you do not have knowledge about this you should not use this indicator since using it without a robust trading plan and experience could cause you to partially or totally lose your money, if this is your case you should train before If you try to extract money from the market, this script was created to be another tool in your trading plan in order to configure the rules at your discretion, execute them consistently and have AUTOMATIC ALERTS when the event occurs, which is where I find more value because you can have many instruments waiting for the event to be generated, in the time frame you want and without having to observe the mer When the alert is generated, the Trader should evaluate the quality of the alert and define whether or not to execute it (higher timeframes, they can give you more time to execute the operation correctly).
Let's continue….
This event was created by Oliver Velez recognized trader / mentor of price action, the event has a very interesting particularity since it allows to take a position with a very limited risk in trend movements, this achieves favorable operations of good ratio and small losses when taking An adjusted risk, if the trade works, a good ratio is quickly achieved and we agree with a key point in the “Keep small losses and big profits” trading, this makes it easier to have a positive mathematical hope when your level of Success is not very high, so leave you in the field of profitability.
THE EVENT:
The event has a bullish configuration (Ignored Red Candle) and a bearish configuration (Ignored Green Candle), below I detail the “Hard” rules (later I explain why “Hard”):
1- Last 3 bars have to be GREEN-RED-GREEN (possible bullish configuration) or RED-GREEN-RED (possible bearish configuration), the first bar is called Control Bar, the second is called Ignored Bar and the third Signal Bar as shown in the following image:
2- Be in a trend determined by simple moving averages (Slow of 20 periods and Fast of 8 periods), as a general rule you can take the direction of MA20 but the Trader has to determine if there is a trend movement or not.
3- Control bar of good range, little tail and with a body greater than 55%.
4- Ignored bar preferably narrow range, little tail and that is located in the upper 1/3 of the control bar.
5- Signal bar cannot override the minimum of the ignored bar.
6- Activation / Confirmation of event by means of signal bar in overcoming the body of the ignored bar.
Some examples of ignored bars (with “Hard” and “Flexible” rules):
Features and configuration of the indicator:
To access the indicator settings, press the wheel next to the indicator name VVI_VRI "Configuration options".
- Operation mode (Filtering Type):
• Filtering Complete: all filters activated according to the configuration below.
• Without Filtering: all filters deactivated, all VRI / VVI are displayed without any selection criteria.
• Trend Filter only: shows only VRI / VVI that are in accordance with what is set in “Trend Settings”
- Configuration Moving Averages:
• See Slow Media: slow moving average display with direction detection and color change.
• See Fast Media: display of fast moving average with direction detection and color change.
• Type: possibility to choose the type of media: DEMA, EMA, HullMA, SMA, SSMA, SSMA, TEMA, TMA, VWMA, WMA, ZEMA)
• Period: number of previous bars.
• Source: possibility to choose the type of source, open, close, high, low, hl2 hlc3, ohlc4.
• Reaction: this configuration affects the color change before a change of direction, 1 being an immediate reaction and higher values, a more delayed reaction obtaining les false "changes of direction", a value of 3 filters the direction quite well.
- Trend Configuration
• Uptrend Condition P / VRI: possibility to select any of these conditions:
o Bullish MA direction
o Quick bullish MA direction
o Slow and fast bullish MA direction
o Price higher than slow MA
o Price higher than fast MA
o Price higher than slow and fast MA
o Price higher than slow MA and bullish direction
o Price higher than fast MA and bullish direction
o Price higher than slow, fast MA and bullish direction
o No condition
• Condition P / VVI bear trend: possibility of selecting any of these conditions:
o Slow bearish MA direction
o Fast bearish MA direction
o Slow and fast bearish MA direction
o Price less than slow MA
o Price less than fast MA
o Price less than slow and fast MA
o Price lower than slow MA and bearish direction
o Price less than fast MA and bearish direction
o Price less than slow, fast MA and bearish direction
o No condition
- Control bar configuration
• Minimum body percentage%: possibility to select what body percentage the bar must have.
• Paint control bar: when selected, paint the control bar.
• See control bar label: when selected, a label with the legend BC is plotted.
- Configuration bar ignored
• Above X% of the control bar: possibility to select above what percentage of the control bar the ignored bar must be located.
• Paint ignored bar: when selected, paint the ignored bar.
- Signal bar configuration
• You cannot override the minimum of the ignored bar: when selected, the condition is added that the signal bar cannot override the minimum of the ignored bar.
• Paint signal bar: when selected, paint the signal bar.
• See arrow: when selected it shows the direction arrow of the possible movement.
• See bear and arrow: when selected it shows bear and arrow label
• See bull and arrow: when selected it shows bull and arrow label
The following image shows the ignored bar and painted signal:
- Take profit / loss
The profit / loss taking varies depending on the trader and its risk / monetary plan, the proposal is a recommendation based on the nature of the event that is to have a small risk unit (stop below the minimum of the ignored bar), look for objectives in ratios greater than 2: 1 and eliminate the risk in 1: 1 by taking the stop to BE, all parameters are configurable and are the following:
• See recommended stop loss and take profit: trace the levels of Stop, BE, TP1 and TP2, as well as their prices to know them quickly based on the assumed risk
• To: select which event you want to draw the SL and TP (VRI, VVI)
• Extend stop loss line x bars: allows extending the stop line by x number of bars
• Extend take profit line x bars: allows extending the stop line by x number of bars
• Ratio to move to break even: allows you to select the minimum ratio to move stop to break even (default 1: 1)
• Take profit 1 ratio: allows you to select the ratio for take profit 1 (default 2: 1)
• Take profit 2 ratio: allows you to select the ratio for take profit 2 (default 4: 1)
- Alerts
• It is possible to configure the following alerts:
-VRI DETECTED
-VVI DETECTED
-VRI / VVI DETECTED
Final Notes:
- The term hard rules refers to the fact that an event is sought with the rules detailed above to obtain a high quality event but this brings 2 situations to consider, less
number of events and events that are generated in a strong impulse may be leaked, a very large control bar followed by an ignored narrow body away from moving averages, despite having a good chance of continuing, taking a stop very tight in a strong impulse you can touch it by the simple fact of the own volatility at that time.
- The setting of the parameters “Minimum body percentage% (control bar)”, “Above x% of the control bar (bar ignored)” and “Cannot override the minimum of the ignored bar” can bring large Benefits in terms of number of events and that can also be of high quality, feel free to find the best configuration for your instrument to operate.
- It is recommended to look for trending events, near moving averages and at an early stage of it.
- The display of several nearby VRIs or VVIs in an advanced trend may indicate a depletion of it.
- The alerts can be worked in 2 ways: at the closing of the candle (confirms event but the risk unit may be larger or smaller) or immediately the body of the ignored bar is exceeded, in case you are operating from the mobile and miss many events because of the short time I recommend that you operate in a superior time frame to have more time.
- The indicator is configured with “flexible” rules to have more events, but without any important criteria, each trader has to look for the best configuration that suits his instrument.
- It is recommended to partially close the operation based on the ratio and always keep a part of the position to apply manual trailing stop and try to maximize profits.
The code is open feel free to use and modify it, a mention in credits is appreciated.
If you liked this SCRIPT THUMB UP!
Greetings to all, I wish you much green!
Bulls vs BearsA tool with the purpose for better insight of bulls/bears influence.
The center, more bright part are the open-close prices, filled green if bullish, red if bearish.
The transparent red and green part, above and below, are the "wick/shadow" area's.
If for example the bears push the price down, far under the open, but the bulls push it right back, so you'll have a large wick,
this will be visible as a large transparent green area below the brighter open-close center area.
Hope this helps!
Modiied Elder Ray Index(Bull or Bear)Here's a modified version of the Elder Ray Index created by the famed Dr.Alexander Elder. This indicator has proven to be especially helpful lately given the crazy state of crypto.
Slow Moving Average :
The top chart shows the moving average used to filter trends. I recommend using a higher window length(can be adjusted with the 'lenSlowMA' input option). I wanted this to be a very smooth moving average, so I used the following formula:
slow MA = ema(vwma(close, 64), 64)
This resulted in a pretty smooth line that still detects major price movements very well.
-The background and bar colors both change in response to the Slow MA's value. The background and bars change to green when a bullish trend is detected and red when bearish.
Bear and Bull Power :
To balance things out a little, I included two histogram's based on Elder's Ray. Here, a more responsive EMA with a shorter window length is used to calculate the bull and bear power values and track short-term price fluctuations.
NOTE: The length of the EMA used here can be adjusted in the input menu.
Bull Power = current high - EMA(close, 13)
Bear Power = current low - EMA(close, 13)
CryptoJoncis Bear/Bull levelsSimple as this, while price is in the yellow field, it is in indecision, if it's in the red fields, the trend is bearish. If the price reaches bear level 4, there is a high possibility that it will jump to the Bull level 4.
If the price is in the green field, it gives you an indication that it's bull trend. If price reaches bull level 4, there is high possibility that it will retrace.
If this is helpful for you, consider a tip
BTC: 3FiBnveHo3YW6DSiPEmoCFCyCnsrWS3JBR
ETH: 0xac290B4A721f5ef75b0971F1102e01E1942A4578
SMA 50–200 Fill (Bull/Bear Colors)Overview
This TradingView Pine Script plots two simple moving averages (SMAs): one with a period of 50 and one with a period of 200. It also fills the area between the two SMAs. The fill color automatically changes depending on whether the 50-period SMA is above or below the 200-period SMA:
Bullish scenario (50 > 200): uses one color (bullFillColor)
Bearish scenario (50 < 200): uses another color (bearFillColor)
You can also customize the transparency of the filled area and the colors/widths of the SMA lines.
Key Parts of the Code
Inputs
src: The price source (default: close).
fastColor and slowColor: Colors for the 50- and 200-SMA lines.
bullFillColor and bearFillColor: The two fill colors used depending on whether the 50 SMA is above or below the 200 SMA.
fillTrans: The transparency of the fill (0 = fully opaque, 100 = fully transparent).
lwFast and lwSlow: Line widths of the 50- and 200-SMA lines.
Calculations
sma50 = ta.sma(src, 50)
sma200 = ta.sma(src, 200)
These two lines compute the moving averages of the chosen source price.
Plotting the SMAs
p50 and p200 use plot() to draw the SMA lines on the chart.
Each plot uses the chosen color and line width.
Dynamic Fill Color
A conditional determines which color to use:
fillColor = sma50 > sma200 ? color.new(bullFillColor, fillTrans) : color.new(bearFillColor, fillTrans)
If the 50 SMA is greater than the 200 SMA, the bullish color is used; otherwise, the bearish color is used.
Filling the Area
fill(p50, p200, color=fillColor) creates a shaded area between the two SMAs.
Because fillColor changes depending on the condition, the filled area automatically changes color when the SMAs cross.
How to Use It
Add to Chart: When you add this script to your chart, you’ll see the 50 and 200 SMAs with a shaded area between them.
Customize Colors: You can change line colors, fill colors, and transparency directly from the indicator’s settings panel.
Visual Cues: The fill color gives you an instant visual cue whether the short-term trend (50 SMA) is above or below the long-term trend (200 SMA).
Benefits
Gives a clear, simple visual representation of the trend’s strength and direction.
The customizable transparency lets you make the shading subtle or bold depending on your chart style.
Works on any time frame or instrument where you’d like to compare a short-term and long-term moving average.
WaveTrend Dynamic (Lazy Bear Style)█ OVERVIEW
The WaveTrend Dynamic indicator (in the style of Lazy Bear) is an advanced tool based on the Exponential Smoothing Average (ESA), which adapts to the volatility and price of a financial instrument. It is more flexible than the classic WaveTrend but shares a similar concept of bands around a main oscillator line.
The indicator uses dynamic bands calculated as distances from the ESA, with their width adjustable via the "level" parameter. This allows it to be tailored to various markets, timeframes, and volatility conditions, making it easier to identify trends, reversal points, and buy/sell signals.
█ CONCEPTS
The WaveTrend Dynamic combines oscillator functions with trend analysis. Below, we explain the key components in a simple way, understandable even for beginner users.
Core Calculations
The indicator relies on the adaptive ESA and a few straightforward steps:
1 — ESA (Adaptive Average): Calculated as a smoothed average of the price (from high, low, and close, or HLC3) using the ESA Length parameter (default: 10). This number determines how many past candles are considered in the calculation. The ESA quickly responds to price changes, helping to track trends.
2 — Deviation (D): Measures how much the price deviates from the ESA, factoring in market volatility. This allows the indicator to adapt to different instruments.
3 — Price Distance Indicator (CI): Shows how far the price is from the ESA relative to market volatility. This forms the basis for the main indicator line, reacting to price movements.
4 — WT1 (WaveTrend 1): The main line, smoothing the Price Distance Indicator (CI) with the Average Length parameter (default: 21). It reflects the direction of price movement and momentum.
5 — WT2 (WaveTrend 2): A signal line that further smooths WT1 (with a period of 4). It helps confirm signals through crossovers with WT1.
6 — Bands (UpperBand and LowerBand): These form a dynamic channel around the ESA. Their width depends on the level parameter (default: 100). Wider bands result in fewer but more reliable signals. In the original WaveTrend, the oscillator bands use lower values, such as 50 or 60. To achieve classic oscillator signals (more frequent WT1/WT2 crossovers outside the bands), set the level to 50–60.
Trend Identification
The indicator identifies two types of trends:
• Major Trend: Determined by the position of WT1 relative to the ESA. When WT1 is above the ESA, it indicates a bullish trend. When below, it signals a bearish trend. Line and fill colors reflect this trend.
• Mini-Trend: Based on WT1 and WT2 crossovers. When the lines cross, they change to the same color, signaling short-term changes or reversal points. This is ideal for quick trading decisions.
Visuals and Effects
• WT1 and WT2 Lines: Scaled to price and displayed on the price chart for easier analysis.
• Fills: Between the bands (UpperBand/LowerBand) and between WT1/WT2, with a "wave" effect that adjusts transparency based on the trend (green for bullish, red for bearish).
• Signals: Three types—return-to-band, WT1/WT2 crossovers outside the bands, and crossovers inside the bands. Signals are displayed as triangles with different colors for buy and sell.
█ FEATURES
Detailed features of the indicator, aligned with the order of settings in the script:
• Basic Parameters: ESA Length — controls ESA smoothing; Average Length — affects WT1 responsiveness; level (WT Level) — adjusts band width for signal filtering.
• Display Elements: Options to show/hide ESA, bands, WT1/WT2; customizable colors for lines, fills, and the wave effect.
• Signals: Three signal groups (return-to-band, crossovers outside bands, crossovers inside bands) with display and color customization options.
█ HOW TO USE
1 — Add the indicator to your TradingView chart and adjust parameters: — Increase ESA Length and Average Length for low-volatility markets (e.g., stocks), or decrease for cryptocurrencies or forex. — Set level to 50–60 for classic WaveTrend signals with WT1/WT2 crossovers outside bands. The default value of 100 creates wider bands and fewer signals.
2 — Analyze trends: — Major trend (WT1 vs. ESA) shows the overall market direction. — Mini-trends (WT1/WT2 crossovers) help time short-term entries.
3 — Use signals: — Return-to-band: Buy at the lower band, sell at the upper band (mean-reversion). — Crossovers outside bands: Indicate strong momentum (with a lower level, e.g., 50). — Crossovers inside bands: Signal weaker trend changes.
4 — Combine with other tools: Use with volume, RSI, or support/resistance for better decisions. Test on historical data to optimize settings.
Bull & Bear Power Separados📄 English Description for TradingView
Bull & Bear Power – Elder Style
This indicator displays the strength of buyers (Bull Power) and sellers (Bear Power) separately, based on Alexander Elder’s original concept.
It uses a 13-period Exponential Moving Average (EMA) as the baseline, calculating:
Bull Power = High – EMA
Bear Power = Low – EMA
✔️ Bull Power (green) shows buying pressure.
✔️ Bear Power (red) shows selling pressure.
Great for analyzing true market momentum and spotting early signs of potential trend reversals.
Can be used as confirmation together with moving averages (e.g., MMA30 and MMA50) or price action signals.
✅ On 1H gold charts (XAUUSD), it has shown solid behavior in filtering entries during clear trends.
Developed and shared for educational purposes by El Bit Criollo.
Bull vs Bear Volume on Price ChartThis script overlays estimated bullish and bearish volume directly on the price chart, making it easy to spot buying vs. selling pressure without switching to a separate volume pane.
🔍 Features:
📈 Bullish volume markers appear as green triangles below the candle.
📉 Bearish volume markers appear as red triangles above the candle.
🔄 Optional smoothing to reduce noise using simple moving average (SMA).
⚠️ Volume spike highlights: Bullish spikes turn lime green, bearish spikes turn bright red.
🔢 Toggle labels to see estimated volume values above/below each candle.
🔄 Works on all timeframes, from intraday to weekly/monthly charts.
📐 Methodology:
Bullish and bearish volume are estimated using the candle's range:
More bullish volume when the close is near the high.
More bearish volume when the close is near the low.
This is a visual proxy, not true order flow data.
Bull vs Bear Volume (Enhanced)Bull vs Bear Volume (Enhanced) is a custom volume histogram that separates and visualizes estimated buying vs. selling volume within each candle. This allows traders to better understand market sentiment and detect imbalances in demand and supply.
🔍 What It Does:
Plots bullish volume (green) above the x-axis and bearish volume (red) below.
Estimates bull/bear volume by analyzing the close location within the candle's range.
Highlights volume spikes with lime (bullish) or maroon (bearish) when volume exceeds a user-defined threshold.
Includes an optional total volume line for added context.
Supports smoothing via simple moving average (SMA) to reduce noise.
🛠️ Inputs:
Toggle smoothing and set its length.
Enable/disable threshold spike highlighting.
Show/hide the total volume overlay.
Adjust the threshold multiplier for spike detection.
⚠️ Important:
This script uses a proxy method based on candle structure to estimate volume split — it does not use real-time order flow or trade direction data.
Works best on liquid assets with consistent volume.
Bull Bear Pivot by RawstocksThe "Bull Bear Pivot" indicator is a custom Pine Script (v5) tool designed for TradingView to assist traders in identifying key price levels and pivot points on intraday charts (up to 1-hour timeframes). It combines time-based open price markers, pivot high/low detection, and candlestick visualization to provide a comprehensive view of potential support, resistance, and trend reversal levels. Below is a detailed description of the indicator’s functionality, features, and intended use.
Indicator Overview:
The "Bull Bear Pivot" indicator is tailored for intraday trading, focusing on specific times of the day to mark significant price levels (open prices) and detect pivot points. It plots horizontal lines at the open prices of user-defined sessions, identifies pivot highs and lows on the current chart timeframe, and overlays custom candlesticks to highlight price action. The indicator is designed to work on timeframes of 1 hour or less (e.g., 1-minute, 3-minute, 5-minute, 15-minute, 30-minute, 60-minute) and includes a warning mechanism for invalid timeframes.
Key Features:
Time-Based Open Price Markers:
The indicator allows users to define up to five time-based sessions (e.g., 4:00 AM, 8:30 AM, 9:30 AM, 10:00 AM, and a custom time) to capture the open price at the start of each session.
For each session, it plots a horizontal line at the 1-minute open price, extending from the session start to the market close at 4:00 PM EST.
Each line is accompanied by a label positioned 5 bars to the right of the market close (4:00 PM EST), with the text right-aligned and vertically centered on the line.
Users can enable/disable each marker, customize the session time, label text, line color, and text color via the indicator’s settings.
Pivot Highs and Lows:
The indicator calculates pivot highs and lows on the current chart timeframe using the ta.pivothigh and ta.pivotlow functions.
Pivot highs are marked with green triangles above the bars, and pivot lows are marked with red triangles below the bars.
The pivot period (lookback/lookforward) is user-configurable, allowing flexibility in detecting short-term or longer-term reversals.
Custom Candlesticks:
The indicator overlays custom candlesticks on the chart, colored green for bullish candles (close > open) and red for bearish candles (close < open).
This feature helps visualize price action alongside the open price markers and pivot points.
Timeframe Restriction:
The indicator is designed to work on timeframes of 1 hour or less. If the chart timeframe exceeds 1 hour (e.g., 4-hour, daily), a warning label ("Timeframe > 1H\nIndicator Disabled") is displayed, and no elements are plotted.
Customizable Appearance:
Users can customize the appearance of the open price marker lines, including the line style (solid, dashed, dotted) and line width.
Labels for the open price markers have no background (transparent) and use customizable text colors.
Panic Drop Stock Market Bull/Bear Market Panic Drop Bull/Bear
What It Does:
This indicator identifies bull and bear markets for the S&P 500 (or any stock/index) using the 50-period and 150-period Simple Moving Averages (SMAs). A green background signals a confirmed bull market when the 50 SMA is above the 150 SMA and the 150 SMA slope is flat or upward. A red background signals a confirmed bear market when the 50 SMA is below the 150 SMA and the 150 SMA slope is downward. The background color persists until a new confirmed state is detected, ensuring no gaps—perfect for spotting long-term market trends whether you’re a beginner, trend trader, or long-term investor.
Key Features:
Plots 50 SMA (default: blue line) and 150 SMA (default: orange line).
Background highlights: green for bull markets, red for bear markets.
Persistent background color—no gaps during unconfirmed periods.
Alerts for confirmed bull and bear market transitions.
Fully adjustable: MA periods, slope lookback, and more.
How to Use It:
Add to your S&P 500 chart (e.g., SPX or SPY) on a daily or weekly timeframe (daily default recommended for long-term trends).
Watch for background color changes:
Green background: Confirmed bull market—consider long positions or holding.
Red background: Confirmed bear market—consider shorting or exiting longs.
Customize via settings:
Adjust MA periods (default: 50 and 150).
Set slope lookback (default: 5 bars) to control slope sensitivity.
Change MA colors if desired.
Set alerts: Right-click on the chart > "Add Alert" > Select "Bull Market Confirmed" or "Bear Market Confirmed."
Trade smart: Use the background to confirm market regimes—e.g., go long during green (bull) phases above key support levels, or protect capital during red (bear) phases.
Why It’s Great:
Beginners: Simple background colors make market trends easy to spot.
Trend Traders: 50/150 SMA crossover with slope confirmation catches major market shifts.
Long-Term Investors: Persistent background ensures you stay in the trend without noise.
Created by Timothy Assi (Panic Drop), eToro’s elite investor. Test it, tweak it, and trade with confidence!
Tweezer Bull Bear
## Tweezer Patterns Indicator
This indicator detects and displays two candlestick patterns: Tweezer Top (Bearish) and Tweezer Bottom (Bullish).
### Features:
- Detects Tweezer Top and Tweezer Bottom patterns
- Uses SMA for trend detection (customizable)
- Visual indicators: labels and background colors
- Tooltips with pattern explanations
- Configurable alerts
### Tweezer Top (Bearish):
- Occurs in uptrends
- Two-candle pattern: long green followed by red
- Nearly identical highs
- Potential bearish reversal signal
### Tweezer Bottom (Bullish):
- Occurs in downtrends
- Two-candle pattern: long red followed by green
- Nearly identical lows
- Potential bullish reversal signal
### Customization:
- Choose trend detection method: SMA50 or SMA50 + SMA200
- Adjustable label colors
This indicator helps traders identify potential market reversal points with clear visual cues and explanations.
[blackat] L2 Bull and Bear Heaven LineOVERVIEW
The L2 Bull and Bear Heaven Line script is a custom indicator designed to visualize trend directions using Exponential Moving Average (EMA)-based lines and generate trade signals based on crossovers between those lines. It also incorporates an RSI-like feature to provide additional insight into overbought and oversold conditions.
FEATURES
Utilizes two EMAs: a longer-term "Heaven Line" (default 60 bars) and a shorter-term "Trading Line" (default 30 bars).
Generates buy/sell signals based on crossovers between the "Trading Line" and "Heaven Line".
Identifies potential turning points in the market, indicating shifts from bullish to bearish or vice versa.
Includes an "Operation Line" similar to RSI, aiding in detecting overbought/oversold levels.
HOW TO USE
Add the script to your TradingView chart.
Observe the crossovers between the "Trading Line" and "Heaven Line":
Buy signal when the "Trading Line" crosses above the "Heaven Line".
Sell signal when the "Trading Line" crosses below the "Heaven Line".
Monitor the "Operation Line" for additional confirmation:
Secondary sell signal when the "Operation Line" drops below 90% and there is downward price action.
Complementary buy signal when the "Operation Line" rises above 10% and there is upward price action.
Consider the identified trend direction and potential turning points to make informed trading decisions.
LIMITATIONS
The effectiveness of the signals depends on the chosen time frame and specific market conditions.
False signals may occur due to volatile price movements or rapid changes in market sentiment.
NOTES
This script combines traditional technical analysis tools like EMAs with an RSI-like approach to enhance decision-making processes. Users should backtest the strategy under various market scenarios before implementing it in live trading.
THANKS
Special thanks to the contributors whose work inspired parts of this script.
Candle % Close with Bullish/Bearish EvaluationI created the indicator to more quickly define the polarity of candles. For a large number of candles, it is straightforward to determine whether a candle is bullish or bearish. However, candles with long wicks often appear, making it uncertain whether the candle is bullish or bearish from a price action perspective. It is not a rule that a red candle is bearish and a green candle is bullish.
From a more advanced price action standpoint, how these candles close is important. Therefore, I created the 'Percent range' input. By default, it is set to 50% (high-low)/2. This way, the indicator precisely determines 50% of the candle's entire range. This allows us to determine whether a bearish candle truly closed below 50% of its range. If not, such a candle is considered bullish, even if it is a negative candle. The same applies to bullish candles, but conversely. If a positive candle closes below 50% of its range, from a price action perspective, it is considered a bearish candle.
Since in price action it is common for the price to return to 50% of the previous candle and, after filling, to continue in the established trend, I added the line extension option. Whatever high value you enter, the line extension follows the current candle. This option works only when the stop line checkbox is enabled. This way, you can plot 50% of the candle's range that the market has historically not returned to due to a strong trend. Often, this line is plotted on a candle where there is also an FVG, which can help you more easily find a point of interest.
Stop line extension : Ensures the interruption of line plotting when the candle is touched by the body or wick.
Bull/Bear Ratio By Month Table [MsF]Japanese below / 日本語説明は英文の後にあります。
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This is an indicator that shows monthly bull-bear ratio in a table.
By specifying the start year and end year, the ratio will be calculated and showed based on the number of bullish and bearish lines in the monthly bar. It allows you to analyze the trend of each symbol and month (bullish / bearish). Up to 10 symbols can be specified.
You can take monthly bull-bear ratio for the past 10 or 20 years on the web, but with this indicator, you can narrow it down to the period in which you want to see the symbols you want to see. It is very convenient because you can take statistics at will.
Furthermore, if the specified ratio is exceeded, the font color can be changed to any color, making it very easy to read.
=== Parameter description ===
- From … Year of start of aggregation
- To … Year of end of aggregation
- Row Background Color … Row title background color
- Col Background Color … Column title background color
- Base Text Color … Text color
- Background Color … Background Color
- Border Color … Border Color
- Location … Location
- Text Size … Text Size
- Highlight Threshold … Ratio threshold, and color
- Display in counter? … Check if you want to show the number of times instead of the ratio
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月別陰陽確率をテーブル表示するインジケータです。
開始年から終了年を指定することで、月足における陽線数および陰線数を元に確率を計算して表示します。
この機能により各シンボルおよび各月の特徴（買われやすい／売られやすい）を認識することができアノマリー分析が可能です。
シンボルは10個まで指定可能です。
過去10年、20年の月別陰陽確率は、Web上でよく見かけますが、このインジケータでは見たいシンボルを見たい期間に絞って、
自由自在に統計を取ることができるため大変便利です。
なお、指定した確率を上回った場合、文字色を任意の色に変更することができるため、大変見やすくなっています。
=== パラメータの説明 ===
- From … 集計開始年
- To … 集計終了年
- Row Background Color … 行タイトルの背景色
- Col Background Color … 列タイトルの背景色
- Base Text Color … テキストカラー
- Background Color … 背景色
- Border Color … 区切り線の色
- Location … 配置
- Text Size … テキストサイズ
- Highlight Threshold … 色変更する確率の閾値、および色
- Display in counter? … 確率ではなく回数表示する場合はチェックする
