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Multitimeframe Fair Value Gap – FVG (Zeiierman)█ Overview The Multitimeframe Fair Value Gap – FVG (Zeiierman) indicator provides a dynamic and customizable visualization of institutional imbalances (Fair Value Gaps) across multiple timeframes. Built for traders who seek to analyze price inefficiencies, this tool helps highlight potential entry points, unmitigated gaps, and directional bias using smart volume logic and adaptive visual elements. A Fair Value Gap (FVG) forms when there's a three-candle sequence in which a market imbalance leaves a "gap" between the wicks of candle 1 and candle 3. These areas are often considered footprints of institutional activity, and this indicator gives you the tools to track them with surgical precision across any timeframe you choose—regardless of the one you're viewing. This indicator also includes a trend filter powered by a low-pass Butterworth filter, enabling traders to distinguish between countertrend vs. trend-aligned FVGs for more intelligent decision-making. On top of that, it features a dynamic FVG table for live tracking and bull/bear volume power visualization inside each gap, adding powerful clarity to market intent. █ How It Works The indicator analyzes the open, high, low, close, and volume of candles from a user-selected timeframe. It identifies Fair Value Gaps based on wick logic and only confirms those that meet customizable strength criteria. Once detected, the indicator visualizes each FVG with dynamically extending boxes, optional buy/sell volume bars, and a real-time mitigation check. ⚪ Multitimeframe Logic Users can analyze FVGs from a higher or lower timeframe regardless of their current chart. This is achieved using request.security() to fetch OHLCV data from the chosen timeframe. ⚪ Wick Sensitivity & Impulse Filter The script measures the wick size of potential FVG candles and compares them to a running average. Only FVGs with wick sizes above a certain sensitivity threshold (user-controlled) are plotted. This ensures only meaningful price dislocations (e.g., strong impulsive moves) are shown, reducing noise. ⚪ Midpoint Mitigation Logic FVGs are marked as "mitigated" when the price revisits the gap area. Traders can choose whether full gap closure or just a midpoint touch is required. This allows faster reactivity in real-time trading environments. ⚪ Bull & Bear Power – Volume-Weighted Visualization Every Fair Value Gap box includes sub-bars representing the estimated buy and sell effort that created the gap. These are calculated using the candle's close in relation to its high/low range and volume: Buy Volume % ≈ effort from low to close Sell Volume % ≈ effort from high to close Each sub-bar inside the FVG: Is color-coded (UpCol for bullish, DnCol for bearish) Is drawn proportionally to the strength of buyers or sellers Visually displays who was in control during the imbalance ⚪ FVG Table – Dynamic On-Chart Overview The indicator includes an optional on-chart table that displays all currently active (unmitigated) FVGs in a side panel format: Automatic updates as gaps are formed and mitigated Color-coded rows to show bullish vs. bearish FVGs Timestamps to know precisely when the gap formed User-controlled position via Table Left and Table Right This is a gap watchlist overlay, giving traders a concise view of current inefficiencies without manually scanning the chart. ⚪ FVG Trend Filter (Butterworth Smoother) Using a two-pole Butterworth low-pass filter, the indicator computes a trendline based on average FVG values, offering a smooth but responsive directional signal. Passband Ripple (dB): Controls sensitivity and overshoot tolerance Cutoff Frequency (0–0.5): Sets how quickly the trendline reacts The trendline helps categorize each FVG: Trend up → favor bullish FVGs Trend down → favor bearish FVGs It adds an extra dimension to FVG entries, helping distinguish between trend-aligned and countertrend signals. █ How to Use ⚪ Identify Institutional Gaps Use this tool to identify areas where institutions may have left imbalances behind quickly. These areas often become: Strong support/resistance zones Areas where price might react sharply Targets for liquidity sweeps or retracements ⚪ React to Trend or Countertrend The built-in trendline helps categorize each FVG: Trend up → Bullish FVGs have higher validity Trend down → Bearish FVGs have higher validity ⚪ Volume Context via Bull/Bear Power Each Fair Value Gap is more than just a price imbalance — it’s a story of effort and intent. The Bull/Bear Power feature visualizes the buy and sell pressure behind each FVG, helping you understand how the gap was formed and who was in control. A bullish FVG with a strong buy effort suggests continuation potential — buyers dominated the move. A bullish FVG with a dominant sell effort could signal a trap or reversal — sellers may have overwhelmed the breakout. These insights allow you to confirm imbalance strength, spot traps early, and add confidence to entries based on dominant volume profiles. Instead of viewing gaps as static zones, this feature turns each into a live volume map — a visual breakdown of who moved the market and whether that move had conviction. ⚪ Plan with the FVG Table The FVG Table acts as your on-chart control center for tracking active imbalances. When enabled, it provides a clear summary of all unmitigated Fair Value Gaps, helping you stay organized and focused during fast-moving sessions. Track live and historical gaps: See exactly when and where each FVG formed. Monitor older, still-valid zones: Gaps off-screen but not mitigated remain in play — perfect for anticipating future reactions. Gauge market bias at a glance: The balance of bullish vs. bearish FVGs helps you understand overall directional pressure. Plan entries confidently: Use the table to reference all zones for risk management, confluence stacking, or layered execution strategies. Instead of manually scanning your chart, the FVG Table offers a clean, at-a-glance overview of the market’s inefficiencies — giving you the structure needed to act with precision. █ Settings FVG Timeframe Select any timeframe to source FVGs independent of your current chart. Sensitivity Filter FVGs by how impulsive the move is — it helps you eliminate weak gaps. Mitigated on Mid Control whether gaps are removed at midpoint touch or full fill. Table Settings Control the table position and width. Cleanly view all active FVGs. FVG Style Customize gap box colors, length, and bullish/bearish overlays. Trend Filter Enable or disable the smoothed FVG-based trendline with customizable smoothing controls. ----------------- 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.
Pine Script®指標
由Zeiierman提供
38
Math by Thomas FVG📌 Math by Thomas FVG – Fair Value Gap Detector Overview: The Math by Thomas FVG indicator automatically detects Fair Value Gaps (FVGs) using a three-candle logic. FVGs represent price inefficiencies where the first candle’s high/low does not overlap with the third candle’s low/high, creating a gap. This tool helps traders identify potential reversal or continuation zones, providing valuable insights into market structure and price action. 🔹 How It Works: Bullish FVG: Occurs when the current candle’s low is above the high of the candle two bars ago. A green-shaded box marks the bullish FVG, highlighting a potential support zone. Bearish FVG: Occurs when the current candle’s high is below the low of the candle two bars ago. A red-shaded box marks the bearish FVG, indicating a potential resistance zone. Gap Filling Logic: The indicator automatically removes FVGs once they are filled by price action, keeping the chart clean and relevant. Bullish FVGs are removed when close ≤ the box's top. Bearish FVGs are removed when close ≥ the box's bottom. ⚙️ Customization Options: Bullish FVG Color: Choose the color for bullish FVGs. Bearish FVG Color: Choose the color for bearish FVGs. Max Box Count: The indicator dynamically manages up to 50 FVG boxes, ensuring optimal chart performance. ✅ Use Cases: Identify price inefficiencies for potential entries and exits. Combine with Order Blocks, support/resistance, or volume analysis for confirmation. Useful for Smart Money Concept (SMC) and price action traders. 🔥 Enhance your trading accuracy with the Math by Thomas FVG indicator and gain insights into price inefficiencies! 🚀
Pine Script®指標
由MathThomas提供
1
Trendline Breakout Navigator [LuxAlgo]The Trendline Breakout Navigator indicator shows three trendlines, representing trends of different significance between Swing Points. Dots highlight a Higher Low (HL) or Lower High (LH) that pierces through the Trendline without the closing price breaking the Trendline. A bar color and background color option is included, which offers insights into the price against the trendlines. 🔶 USAGE Trendlines (TL) are drawn, starting as a horizontal line from a Swing Point. When an HL (in the case of a bullish TL) or an LH (bearish TL) is found, this Swing Point is connected to the first Swing Point. In both cases, the TL can be optimized when one or more historical close prices breach the TL (see DETAILS). A solid-styled long-term trendline represents the overall market direction, while a dashed-styled medium-term trendline captures medium-term movements within the long-term trend. Finally, a dotted-styled short-term trendline tracks short-term fluctuations. 🔹 Swing Points vs. Trend A "Higher High" (HH) or "Lower Low" (LL) will initialize a new trendline, respectively, starting from the previous "Swing Low" or Swing High". To spot the trend shift, "HH/LL" labels and an optional background color are included. They can be enabled/disabled or set at "Long, Medium, or Short" term TL (Settings—"MS", "HH/LL" and "Background Color"). These features are linked to one Trendline of choice only. Where the "HH/LL" labels can show a potential trend shift, the background color is: Green from the moment the close price breaks above a bearish trendline or when an HH occurs Red from the moment the close price breaks below a bullish trendline or when an LL occurs 🔹 Bar Color The bar color will depend on the location of the closing price against the three trendlines. When a trendline is unavailable (for example, if the close price breaks the TL and there is no HH/LL), the last known trendline value will be considered. All three trendlines influence the bar color. If the close price is above the "Long Term" TL, the bar color will show a gradient of green, darker when the close price is below the "Medium Term" and/or "Short Term" TLs. On the other hand, when the close price is below the "Long Term" TL, the bar color will show a gradient of red, which becomes darker when the close price is above the "Medium Term" and/or "Short Term" TLs. To keep the above example simple, only the "Long Term" TL is considered. The white line (not included in the script) resembles the actual value of the TL at each bar, where you can see the effect on the bar color. Combined with the trendlines and dots, the bar color can provide extra depth and insights into the underlying trends. 🔹 Tested Trendlines If a new HL/LH pierces the Trendline without the close price breaking the Trendline, the Trendline will be updated. The exact location where the price exceeded the Trendline is visualized by a dot, colored blue on a bullish trendline and orange when bearish. These dots can be indicative of a potential trend continuation or reversal. 🔹 Higher TimeFrame Option The "Period" setting enables users to visualize higher-timeframe trendlines as long as the line length doesn't exceed 5000 bars. 🔶 DETAILS When a new trendline is drawn, the script first draws a preliminary line and then checks whether a historical close price exceeded this line above (in the case of a bearish TL) or below (in a bullish case). Subsequently, the most valid point in between is chosen as the starting point of the Trendline. 🔶 SETTINGS Period: Choose "chart" for trendlines from the current chart timeframe, or choose a higher timeframe 🔹 Swing Length Toggle and Swing Length for three trendlines: Period used for the swing detection, with higher values returning longer-term Swing Levels. 🔹 Style Trendline: color for bullish/bearish Trendline Wick Dot: color for bullish/bearish trendline test Term: Long-, medium- or short-term HH/LL: Show HH/LL labels (with or without previous Swing High/Low) of chosen Term Background Color: Green when the closing price is above the trendline of choice, red otherwise Bar Color
Pine Script®指標
由LuxAlgo提供
16
First EMA Touch (Last N Bars)Okay, here's a description of the "First EMA Touch (Last N Bars)" TradingView indicator: Indicator Name: First EMA Touch (Last N Bars) Core Purpose: This indicator is designed to visually highlight on the chart the exact moment when the price (specifically, the high/low range of a price bar) makes contact with a specified Exponential Moving Average (EMA) for the first time within a defined recent lookback period (e.g., the last 20 bars). How it Works: EMA Calculation: It first calculates a standard Exponential Moving Average (EMA) based on the user-defined EMA Length and EMA Source (e.g., close price). This EMA line is plotted on the chart, often serving as a dynamic level of potential support or resistance. "Touch" Detection: For every price bar, the indicator checks if the bar's range (from its low to its high) overlaps with or crosses the calculated EMA value for that bar. If low <= EMA <= high, it's considered a "touch". "First Touch" Logic: This is the key feature. The indicator looks back over a specified number of preceding bars (defined by the Lookback Period). If a "touch" occurs on the current bar, and no "touch" occurred on any of the bars within that preceding lookback window, then the current touch is marked as the "first touch". Visual Signal: When a "first touch" condition is met, the indicator plots a distinct shape (by default, a small green triangle) below the corresponding price bar. This makes it easy to spot these specific events. Key Components & Settings: EMA Line: The calculated EMA itself is plotted (typically as an orange line) for visual reference. First Touch Signal: A shape (e.g., green triangle) appears below bars meeting the "first touch" criteria. EMA Length (Input): Determines the period used for the EMA calculation. Shorter lengths make the EMA more reactive to recent price changes; longer lengths make it smoother and slower. Lookback Period (Input): Defines how many bars (including the current one) the indicator checks backwards to determine if the current touch is the first one. A lookback of 20 means it checks if there was a touch in the previous 19 bars before signalling the current one as the first. EMA Source (Input): Specifies which price point (close, open, high, low, hl2, etc.) is used to calculate the EMA. Interpretation & Potential Uses: Identifying Re-tests: The signal highlights when price returns to test the EMA after having stayed away from it for the duration of the lookback period. This can be significant as the market re-evaluates the EMA level. Potential Reversal/Continuation Points: A first touch might indicate: A potential area where a trend might resume after a pullback (if price bounces off the EMA). A potential area where a reversal might begin (if price strongly rejects the EMA). A point of interest if price consolidates around the EMA after the first touch. Filtering Noise: By focusing only on the first touch within a period, it can help filter out repeated touches that might occur during choppy or consolidating price action around the EMA. Confluence: Traders might use this signal in conjunction with other forms of analysis (e.g., horizontal support/resistance, trendlines, candlestick patterns, other indicators) to strengthen trade setups. Limitations: Lagging: Like all moving averages, the EMA is a lagging indicator. Not Predictive: The signal indicates a specific past event (the first touch) occurred; it doesn't guarantee a future price movement. Parameter Dependent: The effectiveness and frequency of signals heavily depend on the chosen EMA Length and Lookback Period. These may need tuning for different assets and timeframes. Requires Confirmation: It's generally recommended to use this indicator as part of a broader trading strategy and not rely solely on its signals for trade decisions. In essence, the "First EMA Touch (Last N Bars)" indicator provides a specific, refined signal related to price interaction with a moving average, helping traders focus on potentially significant initial tests of the EMA after a period of separation.
Pine Script®指標
由Trading_Doji提供
Rev & Line - CoffeeKillerRev & Line - CoffeeKiller Indicator Guide 🔔 Warning: This Indicator Repaints 🔔 This indicator uses real-time calculations that may change based on future price action. As a result, signals (such as arrows, lines, or color changes) **can and will repaint** — meaning they may appear, disappear, or shift after a candle closes. **Do not rely on this tool alone for live trading decisions.** Use with caution and always confirm with non-repainting tools or additional analysis.(This indicator is designed to show me the full length of the trend and because of this there can be a smaller movement inside of the trend movement) Welcome traders! This guide will walk you through the Rev & Line indicator, a sophisticated technical analysis tool developed by CoffeeKiller that combines multiple methodologies to identify market pivots, trends, and potential reversal points. Core Components 1. ZigZag Analysis - Dynamic pivot detection using ATR (Average True Range) - Customizable sensitivity through ATR Reversal Factor - Color-coded trend lines (green for upward, red for downward) - Optional vertical lines at pivot points - Real-time pivot point analysis 2. Donchian Channel Integration - Traditional upper, lower, and middle bands - Customizable length and displacement - Channel-based entry signals - Dynamic market structure visualization 3. Marker Lines System - Dynamic support/resistance level tracking - Pivot-based reset mechanism - Optional fill zones between markers - Percentage position tracking within range 4. Signal Generation System - Confluence between ZigZag pivots and Donchian channels - Up/down arrow visualization - Alert system Main Features ZigZag Settings - ATR Reversal Factor: Controls pivot sensitivity (default 3.2) - Customizable line appearance: Width control (default: 3) Color selection (green for uptrend, red for downtrend) Vertical line options at pivot points Maximum vertical lines display limit - Hide repainted option for more reliable signals Donchian Channel Configuration - Optional channel visibility toggle - Length parameter for lookback period (default: 20) - Displace option for time offset - Bubble offset for visual placement Marker Lines System - High/low/middle marker lines with step-line visualization - Dotted line projections for future reference - Pivot-based reset mechanism - Color-coded percentage position display Signal Generation - Triangle markers for signals - Combined ZigZag and Donchian confluence - Alert system for notifications Visual Elements 1. Pivot Lines - Green: Upward price movements - Red: Downward price movements - Customizable line width - Optional vertical pivot markers with style options: Solid lines for confirmed pivots Dashed lines for older pivots Dotted lines for most recent pivots 2. Donchian Channels - Upper band (red): Resistance level - Lower band (green): Support level - Middle band (yellow): Median price line - Customizable display options 3. Marker Lines - High marker line (magenta): Tracks highest open price - Low marker line (cyan): Tracks lowest open price - Middle marker line (blue): 50% level between high/low - Dotted line extensions for future price projections 4. Position Tracking - Percentage position display within marker range - Real-time calculations from 0% to 100% - Label system for visual reference Trading Applications 1. Trend Following - Enter on confirmed ZigZag pivot points - Use Donchian channel boundaries as targets - Trail stops using marker lines - Monitor for confluence between systems 2. Counter-Trend Trading - Trade bounces from marker lines - Use pivot confirmation for entry timing - Set stops based on recent pivot points - Target the opposite marker line 3. Range Trading - Use high/low marker lines to define range - Trade bounces between upper and lower markers - Consider middle marker for range midpoint - Monitor percentage position within range 4. Breakout Trading - Enter on breaks above/below marker lines - Confirm with Donchian channel breakouts - Use ZigZag pivot confirmations - Wait for arrow signals for additional confirmation Optimization Guide 1. ZigZag Parameters - Higher ATR Factor: Less sensitive, major moves only - Lower ATR Factor: More sensitive, catches minor moves - Adjust line width for chart visibility - Balance vertical line count for clarity 2. Donchian Channel Settings - Longer length: Smoother channels, fewer false signals - Shorter length: More responsive, but potentially noisier - Displacement: Offset for historical reference - Consider timeframe when setting parameters 3. Marker Line Configuration - Enable/disable based on trading style - Toggle middle line for additional reference - Adjust colors for visual clarity - Enable/disable labels as needed 4. Signal Generation - Use "Hide repainted" option for more reliable signals - Combine ZigZag and Donchian signals for confirmation - Set alerts based on confirmed pivot points - Balance sensitivity with reliability Best Practices 1. Signal Confirmation - Wait for confirmed pivot points - Check for Donchian channel interactions - Confirm with price action - Look for arrow signals at pivot points 2. Risk Management - Use recent pivot points for stop placement - Consider marker line boundaries for targets - Don't trade against strong trends - Wait for clear confluence between systems 3. Setup Optimization - Start with default settings - Adjust based on timeframe - Fine-tune ATR sensitivity - Match settings to trading style Advanced Features 1. Alert System - Customizable arrow alerts - Pivot point notifications - Text message alerts with ticker information - Once-per-bar frequency option 2. Pivot Detection Logic The indicator uses a sophisticated state-based approach to detect pivots: - State transitions between "uptrend," "downtrend," and "undefined" - ATR-based reversal detection - Minimum movement threshold for pivot confirmation - Historical pivot tracking and labeling 3. Marker Line Reset Mechanism - Marker lines reset based on pivot detection - Dynamic support/resistance level adjustment - Percentage position calculation within range - Automatic updates as market structure changes Remember: - Combine multiple confirmation signals - Use appropriate timeframe settings - Monitor both ZigZag and Marker signals - Pay attention to Donchian channel interactions - Consider market volatility when trading This indicator works best when: - Used with proper risk management - Combined with other technical tools - Applied to appropriate timeframes - Signals are confirmed by price action **DISCLAIMER**: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
Pine Script®指標
由CoffeeKiller提供
7
Shadow Edge (Example)This script tracks hourly price extremes (highs/lows) and their equilibrium (midpoint), plotting them as dynamic reference lines on your chart. It helps visualize intraday support/resistance levels and potential price boundaries. Key Features Previous Hour Levels (Static Lines): PH (Previous Hour High): Red line. PL (Previous Hour Low): Green line. P.EQ (Previous Hour Equilibrium): Blue midpoint between PH and PL. Current Hour Levels (Dynamic/Dotted Lines): MuEH (Current Hour High): Yellow dashed line (updates in real-time). MuEL (Current Hour Low): Orange dashed line (updates in real-time). Labels: Clear text labels on the right edge of the chart for easy readability. How It Works Hourly Tracking: Detects new hours using the hour(time) function. Resets high/low values at the start of each hour. Stores the previous hour’s PH, PL, and P.EQ when a new hour begins. Dynamic Updates: Continuously updates MuEH and MuEL during the current hour to reflect the latest extremes. Customization Toggle visibility of lines via inputs: Enable/disable PH, PL, P.EQ, MuEH, MuEL individually. Adjustable colors and line styles (solid for previous hour, dashed for current hour). Use Case Intraday Traders: Identify hourly ranges, breakout/retracement opportunities, or mean-reversion setups. Visual Reference: Quickly see where price is relative to recent hourly activity. Technical Notes Overlay: Plots directly on the price chart. Efficiency: Uses var variables to preserve values between bars. Labels: Only appear on the latest bar to avoid clutter. This tool simplifies intraday price action analysis by combining historical and real-time hourly data into a single visual framework.
Pine Script®指標
由JFR28提供
1
Two-Candle Highs & LowsSimple indicator which highlights highs and lows as two-candle reversal patterns: 1. High pattern : A bullish candle followed by a bearish candle, marking the highest price of the two. 2. Low pattern : A bearish candle followed by a bullish candle, marking the lowest price of the two. It draws horizontal lines at the high/low levels, making it useful for price action analysis such as identifying potential reversals or support/resistance zones.
Pine Script®指標
由matthewvella提供
ZenAlgo - LevelsThis script combines multiple anchored Volume-Weighted Average Price (VWAP) calculations into a single tool, providing a continuous record of past VWAP levels and highlighting when price has tested them. Typically, VWAP indicators show only the current VWAP for a single anchor period, requiring you to either keep re-anchoring manually or juggle multiple instances of different VWAP tools for each timeframe. By contrast, this script automatically tracks both the ongoing VWAP and previously completed VWAP values, along with real-time detection of “tests” (when price crosses a particular VWAP level). It’s especially valuable for traders who want to see how price has interacted with VWAP over several sessions, weeks, or months—without switching between separate indicators or manually setting anchors. Below is a comprehensive explanation of each component, why multiple VWAP lines working together can be more informative than a single line, and how to adjust the script for various markets and trading styles: Primary VWAP vs. Historical VWAP Lines - Standard VWAP indicators typically focus on the current line only. This script also calculates a primary VWAP, but it “locks in” each completed VWAP value when a new time anchor is detected (e.g., new weekly bar, new monthly bar, new session). As a result, you retain an ongoing history of VWAP lines for every completed anchored period. This is more powerful than manually setting up multiple VWAP tools—one for each desired timeframe—because everything is handled in a single script. You avoid chart clutter and the risk of forgetting to reset your manual VWAP at the correct bar. Why Combine Multiple Anchored VWAP Lines in One Script? - Viewing several anchored VWAP lines together offers synergy . You see not only the current VWAP but also previous ones from different sessions or months, all within the same chart pane. This synergy becomes apparent if multiple historical VWAP lines cluster near the same price level, indicating a potentially significant zone of volume-based support or resistance. Handling this manually would involve repeatedly setting separate VWAP indicators, each reset at specific points, which is time-consuming and prone to error. In this script, the process is automated: as soon as the anchor changes, a completed VWAP line is stored so you can observe how price eventually reacts to it, repeatedly or not at all. Automated “Test” Detection - Once a historical VWAP line is set, the script tracks when price crosses it in subsequent bars. If the high and low of a bar span that line, the script marks it in red (both the line and its label). It also keeps a counter of how many times each line has been tested. This method goes beyond a simple visual approach by quantifying the retests. Because all these lines are created and managed in one place, you don’t have to manually label the lines or check them one by one. Advantages Over Manually Setting Multiple VWAPs You save screen space: Instead of layering several VWAP indicators, each with unique settings, this single script plots them all on one overlay. Automation: When a new anchor period begins, the script “closes out” the old VWAP and starts a new one. You never need to remember to reset it manually. Retest Visualization: The script not only draws each line but also changes color and updates the label automatically if a line gets tested. Doing this by hand would be labor-intensive. Unified Parameters: All settings (e.g., array size, max distance, test count limit) apply uniformly. You can manage them from one place, instead of configuring multiple separate tools. Extended Insight with Multiple VWAP Lines Since VWAP reflects the volume-weighted average price for each chosen period, historical lines can show zones where the market had a fair-value consensus in previous intervals. When the script preserves these lines, you see potential support/resistance areas more distinctly. If, for instance, price continually pivots around an old VWAP line, that may reveal a strong volume-based level. With several older VWAP lines on the chart, you gain an immediate sense of where these volume-derived averages have appeared and how price reacted over time. This wider perspective often proves more revealing than a single “current” VWAP line that does not reflect previous anchor sessions. Handling of Illiquid Markets and Volume Limitations VWAP is inherently tied to volume data, so its reliability decreases if volume reporting is missing or if the asset trades with very low liquidity. In such cases, a single large trade might momentarily skew the VWAP, resulting in “false” test signals when the high/low range intersects an abnormal price swing. If you suspect the data is incomplete or the market is unusually thin, it’s wise to confirm the validity of these VWAP lines before using them for any decision-making. Additionally, unusual market conditions—like after-hours trading or sudden high-volatility events—may cause VWAP to shift quickly, setting up multiple lines in a short time. Key User-Configurable Settings Hide VWAP on Day timeframe and above : Lets you disable the primary VWAP plot on daily or higher timeframes for a cleaner view. Anchor Period : Select from Session, Week, Month, Quarter, Year, Decade or Century. Controls how frequently the script resets and preserves the VWAP line. Offset : Moves the current VWAP line by a specified number of bars if you need a shifted perspective. Max Array Size : Caps how many past VWAP lines the script will remember. Prevents clutter if you’re charting very long histories. Max Distance : Defines how far back (in bar index units) a line is kept. If a line’s start bar is older than this threshold, it’s removed, keeping the chart uncluttered. Max Red Labels : Limits the number of tested (red) VWAP lines that appear. If price tests a large number of old lines, only the newest red labels remain once you hit the set limit. Workflow Overview As soon as a new anchor period begins (e.g., a new weekly candle if “Week” is chosen), the script ends the current VWAP and stores that final value in its internal arrays. It creates a dotted line and label representing the completed VWAP, and keeps track of whether it has been tested or not. Subsequent bars may then cross that line. If a bar’s high/low includes the line’s value, it’s flagged as tested, labeled red, and a test counter increases. As new anchored periods come, old lines remain visible—unless they fall outside your maxDistance or you exceed the maximum stored line count. Real-World Benefits Combining multiple VWAP lines—ranging, for example, from session-based lines for intraday perspectives to monthly or quarterly lines for broader context—provides a layered view of the volume-based fair price. This can help you quickly spot zones where price repeatedly intersects old VWAPs, potentially highlighting where bulls or bears took action historically. Because this script automates the management of all these lines and flags their retests, it removes a great deal of repetitive manual work that would typically accompany multiple, separate VWAP indicators set to different anchors. Limitations & Practical Use As with any volume-related tool, the script depends on reliable volume data. Assets trading on smaller venues or during illiquid periods may produce spurious signals. The script does not signal buy or sell decisions; rather, it helps visually map out where volume-weighted averages from previous periods might still be relevant to market behavior. Always combine the insight from these historical VWAP lines with your existing analytical approach or other technical and fundamental tools you use. Conclusion This script unifies past and present VWAP lines into one overlay, automatically detecting new anchor resets, storing the final VWAP values, and indicating whenever old lines are retested by price. It offers synergy through the simultaneous display of multiple historical VWAP lines, making it quicker and easier to detect potential support/resistance zones and better reflect changing market volumes over time. You no longer need to manually create, configure, or reset multiple VWAP indicators. Instead, the script handles all aspects of line creation, retest detection, and clutter management, giving you a robust framework to observe how historical VWAP data aligns with current price action. By understanding the significance of multiple anchored VWAP lines, you can assess market structure from multiple angles in a single view. As always, ensure you confirm the reliability of the volume data for your particular asset and use these lines in conjunction with other analyses to form a well-rounded perspective on current market behavior.
Pine Script®指標
由ZenAlgo_Official提供
1
PriorRange v0.3 [OmarxQQQ/dc_77]PriorRangeLevels is a versatile indicator that plots key price levels based on prior period ranges across multiple timeframes. This tool helps traders identify potential support, resistance, and breakout zones by displaying the High, Low, 75%, 50% (EQ), and 25% levels from the previous period. Key Features: - Multi-timeframe analysis from 1-minute to Monthly charts - Time zone flexibility with options for major global markets (NYC, London, Tokyo, etc.) - Customizable display for each level (High, Low, 75%, EQ, 25%, Open) - Clean, organized settings interface with grouped options - Anchor line marking the start of prior periods - Current period open price reference How It Works: The indicator detects new periods based on your selected timeframe and calculates the range of the previous period. It then plots horizontal lines at the High, Low, and three internal levels (75%, 50%, 25%) extending forward by your specified number of bars. These levels serve as potential support/resistance zones and decision points for your trading strategy. Trading Applications: - Use High/Low levels as potential breakout targets or reversal zones - Monitor price reaction to the EQ (50%) level to gauge trend strength - Identify intraday support/resistance based on previous period ranges - Plan entries and exits around established market structure Each component can be individually customized with different line styles, colors, and widths to match your chart preferences and analytical needs. Originally created by @dc_77 with enhanced organization, multi-timeframe capabilities, and improved user interface. As Requested by many people. populi a populo pro populo GLGT
Pine Script®指標
由Omarqqq提供
2
DCSessionStatsOHLC_v1.0DCSessionStatsOHLC_v1.0 © dc_77 | Pine Script™ v6 | Licensed under Mozilla Public License 2.0 This indicator overlays customizable session-based OHLC (Open, High, Low, Close) statistics on your TradingView chart. It tracks price action within user-defined sessions, calculates average manipulation and distribution levels based on historical data, and visually projects these levels with lines and labels. Additionally, it provides a session count table to monitor bullish and bearish sessions. Key Features: Session Customization: Define session time (e.g., "0000-1600") and time zone (e.g., UTC, America/New_York). Analyze up to 20 historical sessions. Anchor Line: Displays a vertical line at session start with customizable style, color, and optional label. Session Open Line: Plots a horizontal line at the session’s opening price with adjustable appearance and label. Manipulation Levels: Calculates and projects average price extensions (high/low relative to open) for manipulative moves, shown as horizontal lines with labels. Distribution Levels: Displays average price ranges (high/low beyond open) for distribution phases, with customizable lines and labels. Visual Flexibility: Adjust line styles (solid, dashed, dotted), colors, widths, label sizes, and projection offsets (bars beyond session start). Session Stats Table: Optional table showing counts of bullish (close > open) and bearish (close < open) sessions, with configurable position and size. How It Works: Tracks OHLC data within each session and identifies session start/end based on the specified time range. Computes averages for manipulation (e.g., low below open in bullish sessions) and distribution (e.g., high above open) levels from past sessions. Projects these levels forward as horizontal lines, extending them by a user-defined offset for easy reference. Updates a table with real-time bullish/bearish session counts. Use Case: Ideal for traders analyzing intraday or custom session behavior, identifying key price levels, and gauging market sentiment over time. Toggle individual elements on/off and fine-tune visuals to suit your trading style.
Pine Script®指標
由dc_77提供
45
Orderblocks | iSolani Revealing Institutional Footprints: The iSolani Volume-Powered Order Block System Where Smart Money Leaves Its Mark – Automated Zone Detection for Discretionary Traders Core Methodology Pressure-Weighted Volume Analysis Calculates directional commitment using candle position: Buying Pressure = Total Volume × (Closing Price – Low) / (High – Low) Selling Pressure = Total Volume × (High – Closing Price) / (High – Low) Normalizes values against 31-period EMAs to filter retail noise Adaptive Block Triggering Identifies significant zones when: Absolute Buy/Sell Difference > 4× SMA of Historical Differences (default) Price closes bullishly (green block) or bearishly (red block) Self-Maintaining Visualization Blocks auto-extend rightward until price breaches critical level Invalidated zones removed in real-time via array management Technical Innovation Dynamic Threshold Adjustment Multiplier parameter (default 4) automatically scales with market volatility Institutional-Grade Metrics Blocks display: Volume disparity in absolute terms Percentage deviation from 33-period average Directional bias through color-coding Efficient Memory Handling O(n) complexity cleanup routine prevents chart lag System Workflow Calculates real-time buy/sell pressure ratios Compares to historical average (31-period default) Generates semi-transparent zones (85% opacity) at spike locations Monitors price interaction with block boundaries Automatically retracts invalid zones Standard Configuration Sensitivity : 4× multiplier (ideal for 15m-4h charts) Visuals : Red/green blocks with white text labels Duration : 50-bar default extension Volume Baseline : 33-period EMA filter Boundary Check : Close beyond block high/low triggers deletion This system transforms raw market data into a institutional roadmap – not by predicting turns, but by revealing where concentrated volume makes turns statistically probable. The color-coded blocks serve as persistent yet adaptive markers of where professional liquidity resides.
Pine Script®指標
由iSolani_Trading提供
1
RG - Volume Spike DetectorRG - Volume Spike Detector is a comprehensive volume analysis tool designed to help traders identify significant volume activity across different tickers on TradingView. This indicator not only detects overall volume spikes and percentage changes but also approximates and analyzes buying and selling volume separately, providing valuable insights into market dynamics. With customizable parameters, visual cues, and built-in alerts, it's suitable for traders of all levels looking to monitor volume-based market movements. Features Volume Spike Detection: Identifies when total volume exceeds a user-defined multiple of its moving average (default: 2x). Separate detection for buying and selling volume spikes based on their respective moving averages. Volume Change Analysis: Calculates and displays the percentage change in total volume from the previous bar. Highlights significant increases (>50%) or decreases (<-50%) with alert options. Buy/Sell Volume Approximation: Estimates buying and selling volume using price movement and range: Up bars: Buying volume ≈ volume * (close - low)/(high - low) Down bars: Selling volume ≈ volume * (close - low)/(high - low) Handles edge cases (e.g., high = low) to ensure accurate calculations. Ideal For Day traders monitoring sudden volume surges Swing traders analyzing volume trends Market analysts studying buying vs. selling pressure This indicator empowers traders with a robust tool to track volume dynamics, offering both visual clarity and actionable alerts for informed decision-making.
Pine Script®指標
由Reasonable_001提供
Jumbalika BandsThis indicator is designed using several common technical analysis tools: Bollinger Bands, Exponential Moving Averages (EMAs), and the Parabolic SAR. I'll walk you through each section to explain how it works and how you can use it: 1. Bollinger Bands Bollinger Bands are used to measure volatility and overbought/oversold conditions. It consists of three lines: Basis (Middle Line): A simple moving average (SMA) of the price over a defined period (in this case, 20 periods). Upper Band: The basis plus a certain number of standard deviations. It represents the upper boundary of expected price movement. Lower Band: The basis minus the same number of standard deviations. It represents the lower boundary of expected price movement. Interpretation: Overbought: If the price moves above the upper band, it could signal that the asset is overbought. Oversold: If the price moves below the lower band, it could signal that the asset is oversold. Volatility: A wider band indicates higher volatility, and a narrower band indicates lower volatility. 2. Exponential Moving Averages (EMAs) The indicator plots four different EMAs: 9-period EMA: This is a short-term trend indicator. 20-period EMA on Close: This is another medium-term trend indicator, based on the close price. 20-period EMA on High: A variation of the 20-period EMA, but based on the high prices. 20-period EMA on Low: A variation of the 20-period EMA, but based on the low prices. Interpretation: 9 EMA: A faster-moving average that responds quicker to price changes. It can be used to identify short-term trends. 20 EMA: A slower-moving average that reacts more gradually to price changes. It helps identify the broader trend. High/Low EMAs: These give additional insights into the extremes of price action, which can help identify possible support or resistance levels. Trading signals (common usage): Crossover: When a shorter EMA (like the 9 EMA) crosses above a longer EMA (like the 20 EMA), it could be a bullish signal. When it crosses below, it could be a bearish signal. 3. Parabolic SAR The Parabolic SAR is a trend-following indicator that is used to identify potential price reversals. The Parabolic SAR is plotted as a series of dots either above or below the price, depending on the trend: Below the price: The trend is up (bullish). Above the price: The trend is down (bearish) 4. Background Coloring (Optional) The background will change color when the price crosses the Bollinger Bands: Green background when the price is above the upper Bollinger Band. Red background when the price is below the lower Bollinger Band. Adjust the values for Bollinger Bands, EMAs, and Parabolic SAR directly in the indicator settings to suit your trading preferences. Bollinger Bands: If the price is above the upper band, it might indicate an overbought condition, while if it's below the lower band, it might indicate an oversold condition. EMAs: The 9 EMA is often used to track short-term trends, while the 20-period EMAs (on the close, high, and low) help analyze the broader market trend. Parabolic SAR: The Parabolic SAR is often used to identify trend reversals. If the SAR is below the price, the trend is up, and if it's above the price, the trend is down. Background Color: The background coloring helps visually highlight potential market conditions when the price breaks out of the Bollinger Bands. Example Use Case: Decide the trend based on the parabolic SAR, when the bar touches the upper or lower Bollinger take a short or long position based on the price action using EMAs.
Pine Script®指標
由jiya14提供
Daily Time TheoryDaily Time Theory Indicator The Daily Time Theory indicator is a versatile tool designed exclusively for daily charts. It dynamically colors daily candles according to the day of the week using customizable colors, making it easy to visually distinguish between Monday through Friday. In addition, it provides the option to display horizontal lines for key price levels (Open, High, Low, and Close) for each day. These lines extend into the future for a user-defined number of weeks, giving traders a clear view of historical support and resistance levels. Key Features: Day-Based Candle Coloring: Each weekday’s candles are automatically colored based on user-defined color settings (e.g. blue for Monday, green for Tuesday, etc.), enhancing chart clarity and enabling quick visual analysis of daily patterns. Customizable Price Level Lines: Traders can toggle on or off the display of the Open, High, Low, and Close price levels for each day. This allows you to focus on the specific data points that are most relevant to your trading strategy. Extended Projections: The indicator lets you extend the drawn price level lines for multiple weeks. This feature provides insight into historical price levels and helps identify potential support and resistance areas. Tiny Labels for Clarity: Each line drawn comes with a small, unobtrusive label at its far right that clearly indicates whether the line represents the Open, High, Low, or Close. This ensures that you always know which price level is being highlighted without cluttering the chart. User-Friendly Input Grouping: The inputs are neatly organized into groups by day, making it simple to adjust colors and toggle settings for each weekday independently. How It Works: The indicator automatically detects the current day on a daily chart and assigns a corresponding color to the candles. It stores each day’s Open, High, Low, and Close values using persistent variables so that historical price levels remain visible. When toggled on, horizontal lines representing the selected price levels are drawn across the chart. A tiny label is attached to the end of each line, indicating the type of price level. The extended lines allow you to see how historical daily price levels may act as support or resistance in the future. Usage Recommendations: This indicator is best used on daily timeframes for markets with regular trading sessions. It is ideal for traders who wish to analyze intra-week price behavior, identify recurring support and resistance levels, and incorporate daily price structure into their trading strategy.
Pine Script®指標
由Airn_33提供
2
London Breakout by Edwin KPurpose: The strategy visualizes breakouts based on price action during the London session. It highlights the candles from 09:59 AM to 01:59 PM UTC+3 with different colors depending on whether the price is above or below the high/low from the 10 AM candle. Key Parts: Timestamps: The code defines specific times for the 09:59 AM candle, 10:00 AM candle, and 01:59 PM UTC+3 times. The timestamp('UTC+3', ...) function creates the timestamps for those moments. High and Low of the 10 AM Candle: The high and low of the 10 AM candle are captured and stored in the ten_am_high and ten_am_low variables. Bullish and Bearish Conditions: If the price breaks above (bullish_break) or below (bearish_break) the high or low of the 10 AM candle, respectively. Bar Coloring: If the conditions are met (price breaking above or below the 10 AM levels), the script colors the candles during the time frame (09:59 AM to 01:59 PM). Green color is applied for bullish breakouts. Red color is applied for bearish breakouts.
Pine Script®指標
由Eksira提供
Auto Fibonacci Extension and Retracement with Visual AlertsThis indicator automatically calculates and plots Fibonacci retracement and extension levels based on recent swing highs and lows, making it a powerful tool for traders who use Fibonacci analysis in their strategies. Key Features: • Dynamic Fibonacci Levels: Automatically detects swing highs and lows over a user-defined lookback period to calculate key Fibonacci retracement (e.g., 0.236, 0.382, 0.618, etc.) and extension (e.g., 1.618, 2.618, etc.) levels. • Visual Alerts: Displays intuitive visual alerts when the price crosses important Fibonacci levels. • Blue dashed lines for retracement levels. • Green dashed lines for extension levels. • Labels with up or down arrows indicating price interactions with these levels. • Swing High/Low Visualization: Marks recent swing highs and lows with crosses for better clarity. • Customizable: Adjust the lookback period and Fibonacci levels to suit your trading style. Who is it for? This indicator is perfect for: • Swing Traders: To identify potential reversal or continuation zones. • Day Traders: For short-term setups based on Fibonacci levels. • Fibonacci Enthusiasts: To automate the time-consuming process of manually plotting levels. Usage Ideas: 1. Use retracement levels (e.g., 0.618) to identify areas of potential support or resistance. 2. Use extension levels (e.g., 1.618) to target potential breakout or continuation zones. 3. Combine this indicator with candlestick patterns, volume analysis, or other tools for confirmation. Limitations: • This is a standalone indicator and does not provide buy/sell signals. It’s recommended to combine it with other technical analysis tools for best results. • The lookback period and swing detection rely on past data, so adjustments may be needed based on the asset or timeframe. Whether you’re looking to streamline your Fibonacci analysis or explore new opportunities in your trading, this indicator is designed to save time, increase accuracy, and enhance your overall trading experience.
Pine Script®指標
由shakeelahsan提供
Request█   OVERVIEW This library is a tool for Pine Script™ programmers that consolidates access to a wide range of lesser-known data feeds available on TradingView, including metrics from the FRED database, FINRA short sale volume, open interest, and COT data. The functions in this library simplify requests for these data feeds, making them easier to retrieve and use in custom scripts. █   CONCEPTS Federal Reserve Economic Data (FRED) FRED (Federal Reserve Economic Data) is a comprehensive online database curated by the Federal Reserve Bank of St. Louis. It provides free access to extensive economic and financial data from U.S. and international sources. FRED includes numerous economic indicators such as GDP, inflation, employment, and interest rates. Additionally, it provides financial market data, regional statistics, and international metrics such as exchange rates and trade balances. Sourced from reputable organizations, including U.S. government agencies, international institutions, and other public and private entities, FRED enables users to analyze over 825,000 time series, download their data in various formats, and integrate their information into analytical tools and programming workflows. On TradingView, FRED data is available from ticker identifiers with the "FRED:" prefix. Users can search for FRED symbols in the "Symbol Search" window, and Pine scripts can retrieve data for these symbols via `request.*()` function calls. FINRA Short Sale Volume FINRA (the Financial Industry Regulatory Authority) is a non-governmental organization that supervises and regulates U.S. broker-dealers and securities professionals. Its primary aim is to protect investors and ensure integrity and transparency in financial markets. FINRA's Short Sale Volume data provides detailed information about daily short-selling activity across U.S. equity markets. This data tracks the volume of short sales reported to FINRA's trade reporting facilities (TRFs), including shares sold on FINRA-regulated Alternative Trading Systems (ATSs) and over-the-counter (OTC) markets, offering transparent access to short-selling information not typically available from exchanges. This data helps market participants, researchers, and regulators monitor trends in short-selling and gain insights into bearish sentiment, hedging strategies, and potential market manipulation. Investors often use this data alongside other metrics to assess stock performance, liquidity, and overall trading activity. It is important to note that FINRA's Short Sale Volume data does not consolidate short sale information from public exchanges and excludes trading activity that is not publicly disseminated. TradingView provides ticker identifiers for requesting Short Sale Volume data with the format "FINRA:_SHORT_VOLUME", where "" is a supported U.S. equities symbol (e.g., "AAPL"). Open Interest (OI) Open interest is a cornerstone indicator of market activity and sentiment in derivatives markets such as options or futures. In contrast to volume, which measures the number of contracts opened or closed within a period, OI measures the number of outstanding contracts that are not yet settled. This distinction makes OI a more robust indicator of how money flows through derivatives, offering meaningful insights into liquidity, market interest, and trends. Many traders and investors analyze OI alongside volume and price action to gain an enhanced perspective on market dynamics and reinforce trading decisions. TradingView offers many ticker identifiers for requesting OI data with the format "_OI", where "" represents a derivative instrument's ticker ID (e.g., "COMEX:GC1!"). Commitment of Traders (COT) Commitment of Traders data provides an informative weekly breakdown of the aggregate positions held by various market participants, including commercial hedgers, non-commercial speculators, and small traders, in the U.S. derivative markets. Tallied and managed by the Commodity Futures Trading Commission (CFTC) , these reports provide traders and analysts with detailed insight into an asset's open interest and help them assess the actions of various market players. COT data is valuable for gaining a deeper understanding of market dynamics, sentiment, trends, and liquidity, which helps traders develop informed trading strategies. TradingView has numerous ticker identifiers that provide access to time series containing data for various COT metrics. To learn about COT ticker IDs and how they work, see our LibraryCOT publication. █   USING THE LIBRARY Common function characteristics  • This library's functions construct ticker IDs with valid formats based on their specified parameters, then use them as the `symbol` argument in request.security() to retrieve data from the specified context.  • Most of these functions automatically select the timeframe of a data request because the data feeds are not available for all timeframes.  • All the functions have two overloads. The first overload of each function uses values with the "simple" qualifier to define the requested context, meaning the context does not change after the first script execution. The second accepts "series" values, meaning it can request data from different contexts across executions.  • The `gaps` parameter in most of these functions specifies whether the returned data is `na` when a new value is unavailable for request. By default, its value is `false`, meaning the call returns the last retrieved data when no new data is available.  • The `repaint` parameter in applicable functions determines whether the request can fetch the latest unconfirmed values from a higher timeframe on realtime bars, which might repaint after the script restarts. If `false`, the function only returns confirmed higher-timeframe values to avoid repainting. The default value is `true`. `fred()` The `fred()` function retrieves the most recent value of a specified series from the Federal Reserve Economic Data (FRED) database. With this function, programmers can easily fetch macroeconomic indicators, such as GDP and unemployment rates, and use them directly in their scripts. How it works The function's `fredCode` parameter accepts a "string" representing the unique identifier of a specific FRED series. Examples include "GDP" for the "Gross Domestic Product" series and "UNRATE" for the "Unemployment Rate" series. Over 825,000 codes are available. To access codes for available series, search the FRED website . The function adds the "FRED:" prefix to the specified `fredCode` to construct a valid FRED ticker ID (e.g., "FRED:GDP"), which it uses in request.security() to retrieve the series data. Example Usage This line of code requests the latest value from the Gross Domestic Product series and assigns the returned value to a `gdpValue` variable: float gdpValue = fred("GDP") `finraShortSaleVolume()` The `finraShortSaleVolume()` function retrieves EOD data from a FINRA Short Sale Volume series. Programmers can call this function to retrieve short-selling information for equities listed on supported exchanges, namely NASDAQ, NYSE, and NYSE ARCA. How it works The `symbol` parameter determines which symbol's short sale volume information is retrieved by the function. If the value is na , the function requests short sale volume data for the chart's symbol. The argument can be the name of the symbol from a supported exchange (e.g., "AAPL") or a ticker ID with an exchange prefix ("NASDAQ:AAPL"). If the `symbol` contains an exchange prefix, it must be one of the following: "NASDAQ", "NYSE", "AMEX", or "BATS". The function constructs a ticker ID in the format "FINRA:ticker_SHORT_VOLUME", where "ticker" is the symbol name without the exchange prefix (e.g., "AAPL"). It then uses the ticker ID in request.security() to retrieve the available data. Example Usage This line of code retrieves short sale volume for the chart's symbol and assigns the result to a `shortVolume` variable: float shortVolume = finraShortSaleVolume(syminfo.tickerid) This example requests short sale volume for the "NASDAQ:AAPL" symbol, irrespective of the current chart: float shortVolume = finraShortSaleVolume("NASDAQ:AAPL") `openInterestFutures()` and `openInterestCrypto()` The `openInterestFutures()` function retrieves EOD open interest (OI) data for futures contracts. The `openInterestCrypto()` function provides more granular OI data for cryptocurrency contracts. How they work The `openInterestFutures()` function retrieves EOD closing OI information. Its design is focused primarily on retrieving OI data for futures, as only EOD OI data is available for these instruments. If the chart uses an intraday timeframe, the function requests data from the "1D" timeframe. Otherwise, it uses the chart's timeframe. The `openInterestCrypto()` function retrieves opening, high, low, and closing OI data for a cryptocurrency contract on a specified timeframe. Unlike `openInterest()`, this function can also retrieve granular data from intraday timeframes. Both functions contain a `symbol` parameter that determines the symbol for which the calls request OI data. The functions construct a valid OI ticker ID from the chosen symbol by appending "_OI" to the end (e.g., "CME:ES1!_OI"). The `openInterestFutures()` function requests and returns a two-element tuple containing the futures instrument's EOD closing OI and a "bool" condition indicating whether OI is rising. The `openInterestCrypto()` function requests and returns a five-element tuple containing the cryptocurrency contract's opening, high, low, and closing OI, and a "bool" condition indicating whether OI is rising. Example usage This code line calls `openInterest()` to retrieve EOD OI and the OI rising condition for a futures symbol on the chart, assigning the values to two variables in a tuple: = openInterestFutures(syminfo.tickerid) This line retrieves the EOD OI data for "CME:ES1!", irrespective of the current chart's symbol: = openInterestFutures("CME:ES1!") This example uses `openInterestCrypto()` to retrieve OHLC OI data and the OI rising condition for a cryptocurrency contract on the chart, sampled at the chart's timeframe. It assigns the returned values to five variables in a tuple: = openInterestCrypto(syminfo.tickerid, timeframe.period) This call retrieves OI OHLC and rising information for "BINANCE:BTCUSDT.P" on the "1D" timeframe: = openInterestCrypto("BINANCE:BTCUSDT.P", "1D") `commitmentOfTraders()` The `commitmentOfTraders()` function retrieves data from the Commitment of Traders (COT) reports published by the Commodity Futures Trading Commission (CFTC). This function significantly simplifies the COT request process, making it easier for programmers to access and utilize the available data. How It Works This function's parameters determine different parts of a valid ticker ID for retrieving COT data, offering a streamlined alternative to constructing complex COT ticker IDs manually. The `metricName`, `metricDirection`, and `includeOptions` parameters are required. They specify the name of the reported metric, the direction, and whether it includes information from options contracts. The function also includes several optional parameters. The `CFTCCode` parameter allows programmers to request data for a specific report code. If unspecified, the function requests data based on the chart symbol's root prefix, base currency, or quoted currency, depending on the `mode` argument. The call can specify the report type ("Legacy", "Disaggregated", or "Financial") and metric type ("All", "Old", or "Other") with the `typeCOT` and `metricType` parameters. Explore the CFTC website to find valid report codes for specific assets. To find detailed information about the metrics included in the reports and their meanings, see the CFTC's Explanatory Notes . View the function's documentation below for detailed explanations of its parameters. For in-depth information about COT ticker IDs and more advanced functionality, refer to our previously published COT library . Available metrics Different COT report types provide different metrics . The tables below list all available metrics for each type and their applicable directions: +------------------------------+------------------------+ | Legacy (​COT) Metric Names | Directions | +------------------------------+------------------------+ | Open Interest | No direction | | Noncommercial Positions | Long, Short, Spreading | | Commercial Positions | Long, Short | | Total Reportable Positions | Long, Short | | Nonreportable Positions | Long, Short | | Traders Total | No direction | | Traders Noncommercial | Long, Short, Spreading | | Traders Commercial | Long, Short | | Traders Total Reportable | Long, Short | | Concentration Gross ​LT 4 TDR | Long, Short | | Concentration Gross ​LT 8 TDR | Long, Short | | Concentration Net ​LT 4 TDR | Long, Short | | Concentration Net ​LT 8 TDR | Long, Short | +------------------------------+------------------------+ +-----------------------------------+------------------------+ | Disaggregated (COT2) Metric Names | Directions | +-----------------------------------+------------------------+ | Open Interest | No Direction | | Producer Merchant Positions | Long, Short | | Swap Positions | Long, Short, Spreading | | Managed Money Positions | Long, Short, Spreading | | Other Reportable Positions | Long, Short, Spreading | | Total Reportable Positions | Long, Short | | Nonreportable Positions | Long, Short | | Traders Total | No Direction | | Traders Producer Merchant | Long, Short | | Traders Swap | Long, Short, Spreading | | Traders Managed Money | Long, Short, Spreading | | Traders Other Reportable | Long, Short, Spreading | | Traders Total Reportable | Long, Short | | Concentration Gross LE 4 TDR | Long, Short | | Concentration Gross LE 8 TDR | Long, Short | | Concentration Net LE 4 TDR | Long, Short | | Concentration Net LE 8 TDR | Long, Short | +-----------------------------------+------------------------+ +-------------------------------+------------------------+ | Financial (COT3) Metric Names | Directions | +-------------------------------+------------------------+ | Open Interest | No Direction | | Dealer Positions | Long, Short, Spreading | | Asset Manager Positions | Long, Short, Spreading | | Leveraged Funds Positions | Long, Short, Spreading | | Other Reportable Positions | Long, Short, Spreading | | Total Reportable Positions | Long, Short | | Nonreportable Positions | Long, Short | | Traders Total | No Direction | | Traders Dealer | Long, Short, Spreading | | Traders Asset Manager | Long, Short, Spreading | | Traders Leveraged Funds | Long, Short, Spreading | | Traders Other Reportable | Long, Short, Spreading | | Traders Total Reportable | Long, Short | | Concentration Gross LE 4 TDR | Long, Short | | Concentration Gross LE 8 TDR | Long, Short | | Concentration Net LE 4 TDR | Long, Short | | Concentration Net LE 8 TDR | Long, Short | +-------------------------------+------------------------+ Example usage This code line retrieves "Noncommercial Positions (Long)" data, without options information, from the "Legacy" report for the chart symbol's root, base currency, or quote currency: float nonCommercialLong = commitmentOfTraders("Noncommercial Positions", "Long", false) This example retrieves "Managed Money Positions (Short)" data, with options included, from the "Disaggregated" report: float disaggregatedData = commitmentOfTraders("Managed Money Positions", "Short", true, "", "Disaggregated") █   NOTES  • This library uses dynamic requests , allowing dynamic ("series") arguments for the parameters defining the context (ticker ID, timeframe, etc.) of a `request.*()` function call. With this feature, a single `request.*()` call instance can flexibly retrieve data from different feeds across historical executions. Additionally, scripts can use such calls in the local scopes of loops, conditional structures, and even exported library functions, as demonstrated in this script. All scripts coded in Pine Script™ v6 have dynamic requests enabled by default. To learn more about the behaviors and limitations of this feature, see the Dynamic requests section of the Pine Script™ User Manual.  • The library's example code offers a simple demonstration of the exported functions. The script retrieves available data using the function specified by the "Series type" input. The code requests a FRED series or COT (Legacy), FINRA Short Sale Volume, or Open Interest series for the chart's symbol with specific parameters, then plots the retrieved data as a step-line with diamond markers. Look first. Then leap. █   EXPORTED FUNCTIONS This library exports the following functions: fred(fredCode, gaps)   Requests a value from a specified Federal Reserve Economic Data (FRED) series. FRED is a comprehensive source that hosts numerous U.S. economic datasets. To explore available FRED datasets and codes, search for specific categories or keywords at fred.stlouisfed.org Calls to this function count toward a script's `request.*()` call limit.   Parameters:      fredCode (series string) : The unique identifier of the FRED series. The function uses the value to create a valid ticker ID for retrieving FRED data in the format `"FRED:fredCode"`. For example, `"GDP"` refers to the "Gross Domestic Product" series ("FRED:GDP"), and `"GFDEBTN"` refers to the "Federal Debt: Total Public Debt" series ("FRED:GFDEBTN").      gaps (simple bool) : Optional. If `true`, the function returns a non-na value only when a new value is available from the requested context. If `false`, the function returns the latest retrieved value when new data is unavailable. The default is `false`.   Returns: (float) The value from the requested FRED series. finraShortSaleVolume(symbol, gaps, repaint)   Requests FINRA daily short sale volume data for a specified symbol from one of the following exchanges: NASDAQ, NYSE, NYSE ARCA. If the chart uses an intraday timeframe, the function requests data from the "1D" timeframe. Otherwise, it uses the chart's timeframe. Calls to this function count toward a script's `request.*()` call limit.   Parameters:      symbol (series string) : The symbol for which to request short sale volume data. If the specified value contains an exchange prefix, it must be one of the following: "NASDAQ", "NYSE", "AMEX", "BATS".      gaps (simple bool) : Optional. If `true`, the function returns a non-na value only when a new value is available from the requested context. If `false`, the function returns the latest retrieved value when new data is unavailable. The default is `false`.      repaint (simple bool) : Optional. If `true` and the chart's timeframe is intraday, the value requested on realtime bars may change its time offset after the script restarts its executions. If `false`, the function returns the last confirmed period's values to avoid repainting. The default is `true`.   Returns: (float) The short sale volume for the specified symbol or the chart's symbol. openInterestFutures(symbol, gaps, repaint)   Requests EOD open interest (OI) and OI rising information for a valid futures symbol. If the chart uses an intraday timeframe, the function requests data from the "1D" timeframe. Otherwise, it uses the chart's timeframe. Calls to this function count toward a script's `request.*()` call limit.   Parameters:      symbol (series string) : The symbol for which to request open interest data.      gaps (simple bool) : Optional. If `true`, the function returns non-na values only when new values are available from the requested context. If `false`, the function returns the latest retrieved values when new data is unavailable. The default is `false`.      repaint (simple bool) : Optional. If `true` and the chart's timeframe is intraday, the value requested on realtime bars may change its time offset after the script restarts its executions. If `false`, the function returns the last confirmed period's values to avoid repainting. The default is `true`.   Returns: ( ) A tuple containing the following values:     - The closing OI value for the symbol.     - `true` if the closing OI is above the previous period's value, `false` otherwise. openInterestCrypto(symbol, timeframe, gaps, repaint)   Requests opening, high, low, and closing open interest (OI) data and OI rising information for a valid cryptocurrency contract on a specified timeframe. Calls to this function count toward a script's `request.*()` call limit.   Parameters:      symbol (series string) : The symbol for which to request open interest data.      timeframe (series string) : The timeframe of the data request. If the timeframe is lower than the chart's timeframe, it causes a runtime error.      gaps (simple bool) : Optional. If `true`, the function returns non-na values only when new values are available from the requested context. If `false`, the function returns the latest retrieved values when new data is unavailable. The default is `false`.      repaint (simple bool) : Optional. If `true` and the `timeframe` represents a higher timeframe, the function returns unconfirmed values from the timeframe on realtime bars, which repaint when the script restarts its executions. If `false`, it returns only confirmed higher-timeframe values to avoid repainting. The default is `true`.   Returns: ( ) A tuple containing the following values:     - The opening, high, low, and closing OI values for the symbol, respectively.     - `true` if the closing OI is above the previous period's value, `false` otherwise. commitmentOfTraders(metricName, metricDirection, includeOptions, CFTCCode, typeCOT, mode, metricType)   Requests Commitment of Traders (COT) data with specified parameters. This function provides a simplified way to access CFTC COT data available on TradingView. Calls to this function count toward a script's `request.*()` call limit. For more advanced tools and detailed information about COT data, see TradingView's LibraryCOT library.   Parameters:      metricName (series string) : One of the valid metric names listed in the library's documentation and source code.      metricDirection (series string) : Metric direction. Possible values are: "Long", "Short", "Spreading", and "No direction". Consult the library's documentation or code to see which direction values apply to the specified metric.      includeOptions (series bool) : If `true`, the COT symbol includes options information. Otherwise, it does not.      CFTCCode (series string) : Optional. The CFTC code for the asset. For example, wheat futures (root "ZW") have the code "001602". If one is not specified, the function will attempt to get a valid code for the chart symbol's root, base currency, or main currency.      typeCOT (series string) : Optional. The type of report to request. Possible values are: "Legacy", "Disaggregated", "Financial". The default is "Legacy".      mode (series string) : Optional. Specifies the information the function extracts from a symbol. Possible modes are:   - "Root": The function extracts the futures symbol's root prefix information (e.g., "ES" for "ESH2020").   - "Base currency": The function extracts the first currency from a currency pair (e.g., "EUR" for "EURUSD").   - "Currency": The function extracts the currency of the symbol's quoted values (e.g., "JPY" for "TSE:9984" or "USDJPY").   - "Auto": The function tries the first three modes (Root -> Base currency -> Currency) until it finds a match.   The default is "Auto". If the specified mode is not available for the symbol, it causes a runtime error.      metricType (series string) : Optional. The metric type. Possible values are: "All", "Old", "Other". The default is "All".   Returns: (float) The specified Commitment of Traders data series. If no data is available, it causes a runtime error.
Pine Script®腳本庫
由TradingView提供
9
Market Regime DetectorMarket Regime Detector The Market Regime Detector is a tool designed to help traders identify and adapt to the prevailing market environment by analyzing price action in relation to key macro timeframe levels. This indicator categorizes the market into distinct regimes—Bullish, Bearish, or Reverting—providing actionable insights to set trading expectations, manage volatility, and align strategies with broader market conditions. What is a Market Regime? A market regime refers to the overarching state or condition of the market at a given time. Understanding the market regime is critical for traders as it determines the most effective trading approach. The three main regimes are: Bullish Regime: Characterized by upward momentum where prices are consistently trending higher. Trading strategies often focus on buying opportunities and trend-following setups. Bearish Regime: Defined by downward price pressure and declining trends. Traders typically look for selling opportunities or adopt risk-off strategies. Reverting Regime: Represents a consolidation phase where prices move within a defined range. Ideal for mean-reversion strategies or range-bound trading setups. Key Features of the Market Regime Detector: Dynamic Market Regime Detection: Identifies the market regime based on macro timeframe high and low levels (e.g., weekly or monthly). Provides clear and actionable insights for each regime to align trading strategies. Visual Context for Price Levels: Plots the macro high and low levels on the chart, allowing traders to visualize critical support and resistance zones. Enhances understanding of volatility and trend boundaries. Regime Transition Alerts: Sends alerts only when the market transitions into a new regime, ensuring traders are notified of meaningful changes without redundant signals. Alert messages include clear regime descriptions, such as "Market entered a Bullish Regime: Price is above the macro high." Customizable Visualization: Background colors dynamically adjust to the current regime: Blue for Reverting. Aqua for Bullish. Fuchsia for Bearish. Option to toggle high/low line plotting and background highlights for a tailored experience. Volatility and Expectation Management: Offers insights into market volatility by showing when price action approaches, exceeds, or reverts within macro timeframe levels. Helps traders set realistic expectations and adjust their strategies accordingly. Use Cases: Trend Traders: Identify bullish or bearish regimes to capture sustained price movements. Range Traders: Leverage reverting regimes to trade between defined support and resistance zones. Risk Managers: Use macro high and low levels as dynamic stop-loss or take-profit zones to optimize trade management. The Market Regime Detector equips traders with a deeper understanding of the market environment, making it an essential tool for informed decision-making and strategic planning. Whether you're trading trends, ranges, or managing risk, this indicator provides the clarity and insights needed to navigate any market condition.
Pine Script®指標
由RWCS_LTD提供
[blackcat] L3 Top and Bottom Divine JudgmentOVERVIEW The "Top and Bottom Divine Judgment" indicator is designed to identify potential tops and bottoms in the market using a combination of EMAs, SMAs, and custom calculations based on high and low prices. It provides multiple lines and plots to help traders visualize different market conditions and potential turning points. FEATURES Customizable EMA and SMA periods for various calculations. Identification of bullish and bearish trends using EMAs. Detection of overbought and oversold conditions. Multiple lines and histograms to indicate specific market conditions and potential reversals. Visual alerts with colored lines and shapes. HOW TO USE Add the script to your TradingView chart. Customize Settings: Adjust the short_ema_period, long_ema_period, sma_period, high_period, low_period, and other period inputs in the "Inputs" section. Bullish and Bearish EMAs: bullish_ema (yellow) and bearish_ema (fuchsia) are plotted to assess the overall market trend. When bullish_ema is above bearish_ema, it suggests an uptrend. When bullish_ema is below bearish_ema, it suggests a downtrend. High-Low Boundary Line: A horizontal line at 50 (yellow) represents a midpoint in the normalized price range, helping to identify overbought or oversold conditions. Danger and Caution, Sell Signal, etc.: These lines indicate specific conditions where the market might be overextended or due for a reversal. Histograms for CZS1 and CZS4: These histograms (aqua and purple) represent changes in certain indicators, possibly related to momentum or volatility, helping traders gauge the strength of trends. Support Line Cross: A shape ("●") is plotted when the close price crosses above a calculated support line, which could be a buy signal. Generate Trading Signals: Bullish and Bearish Trends: Use the crossover of bullish_ema and bearish_ema to identify potential trend changes. Overbought/Oversold Conditions: Use the High-Low Boundary Line to identify overbought or oversold levels. Specific Market Conditions: Use the lines for "Danger and Caution," "Sell Signal," "Weak Out Strong Stay," "Opportunity," "Low Suck," and "High Sell" to identify specific market conditions and potential reversals. Support Line Cross: Use the plotted shape to identify potential buy signals when the close price crosses above the support line. Risk Management: Use the indicator in conjunction with other tools and risk management strategies to confirm trading signals and manage positions effectively. LIMITATIONS The script is based on historical data and does not guarantee future performance. It is recommended to use the script in conjunction with other analysis tools. The effectiveness of the strategy may vary depending on the market conditions and asset being traded. NOTES The script is designed for educational purposes and should not be considered financial advice. Users are encouraged to backtest the strategy on a demo account before applying it to live trades. THANKS Special thanks to the TradingView community for their support and feedback.
Pine Script®指標
由blackcat1402提供
9
Multi-ticker Daily Pivot AlertDescription: The Big Tech Daily Pivot Alert is a powerful TradingView indicator designed to monitor daily pivot points for major tech and market-leading tickers. It provides real-time alerts when prices approach their daily pivot levels, helping traders identify potential trading opportunities during the U.S. market hours. Key Features: Multi-Ticker Monitoring: Tracks the daily pivot points for top tech and market tickers, including NVDA, TSLA, AMZN, NFLX, SPY, QQQ, GOOGL, MSFT, META, and AAPL. Daily Pivot Calculations: Uses yesterday's high, low, and close prices to calculate the pivot point for each ticker. Real-Time Alerts: Sends instant alerts when the open, high, low, or current price is near the pivot point (within 0.25% tolerance). Time-Sensitive Alerts: Operates exclusively during U.S. market hours (6:00 AM to 1:00 PM PST) on weekdays (Monday to Friday). Customizable Alert Format: Alerts are sent as JSON payloads for seamless integration with platforms like Discord or other webhook-supported systems. How It Works: The indicator calculates the daily pivot point for each ticker using the formula: Pivot Point = (High + Low + Close) / 3 It continuously monitors the open, high, low, and current prices of each ticker on a 1-minute timeframe. If any value approaches the pivot point within a configurable threshold (default: 0.25%), it triggers an alert with detailed information for all tickers meeting the criteria. Who Should Use It: Day Traders: Spot potential price reversal or breakout levels based on pivot point testing. Swing Traders: Identify key levels of support and resistance to inform trading decisions. Tech and Market Enthusiasts: Stay updated on critical price levels for major tech and market tickers. Instructions: Add the indicator to your chart. Configure your webhook endpoint to receive alerts (e.g., Discord or Slack). Monitor alerts for actionable opportunities when prices test pivot points.
Pine Script®指標
由Rampec86提供
Uptrick: Volatility Reversion BandsUptrick: Volatility Reversion Bands is an indicator designed to help traders identify potential reversal points in the market by combining volatility and momentum analysis within one comprehensive framework. It calculates dynamic bands around a simple moving average and issues signals when price interacts with these bands. Below is a fully expanded description, structured in multiple sections, detailing originality, usefulness, uniqueness, and the purpose behind blending standard deviation-based and ATR-based concepts. All references to code have been removed to focus on the written explanation only. Section 1: Overview Uptrick: Volatility Reversion Bands centers on a moving average around which various bands are constructed. These bands respond to changes in price volatility and can help gauge potential overbought or oversold conditions. Signals occur when the price moves beyond certain thresholds, which may imply a reversal or significant momentum shift. Section 2: Originality, Usefulness, Uniqness, Purpose This indicator merges two distinct volatility measurements—Bollinger Bands and ATR—into one cohesive system. Bollinger Bands use standard deviation around a moving average, offering a baseline for what is statistically “normal” price movement relative to a recent mean. When price hovers near the upper band, it may indicate overbought conditions, whereas price near the lower band suggests oversold conditions. This straightforward construction often proves invaluable in moderate-volatility settings, as it pinpoints likely turning points and gauges a market’s typical trading range. Yet Bollinger Bands alone can falter in conditions marked by abrupt volatility spikes or sudden gaps that deviate from recent norms. Intraday news, earnings releases, or macroeconomic data can alter market behavior so swiftly that standard-deviation bands do not keep pace. This is where ATR (Average True Range) adds an important layer. ATR tracks recent highs, lows, and potential gaps to produce a dynamic gauge of how much price is truly moving from bar to bar. In quieter times, ATR contracts, reflecting subdued market activity. In fast-moving markets, ATR expands, exposing heightened volatility on each new bar. By overlaying Bollinger Bands and ATR-based calculations, the indicator achieves a broader situational awareness. Bollinger Bands excel at highlighting relative overbought or oversold areas tied to an established average. ATR simultaneously scales up or down based on real-time market swings, signaling whether conditions are calm or turbulent. When combined, this means a price that barely crosses the Bollinger Band but also triggers a high ATR-based threshold is likely experiencing a volatility surge that goes beyond typical market fluctuations. Conversely, a price breach of a Bollinger Band when ATR remains low may still warrant attention, but not necessarily the same urgency as in a high-volatility regime. The resulting synergy offers balanced, context-rich signals. In a strong trend, the ATR layer helps confirm whether an apparent price breakout really has momentum or if it is just a temporary spike. In a range-bound market, standard deviation-based Bollinger Bands define normal price extremes, while ATR-based extensions highlight whether a breakout attempt has genuine force behind it. Traders gain clarity on when a move is both statistically unusual and accompanied by real volatility expansion, thus carrying a higher probability of a directional follow-through or eventual reversion. Practical advantages emerge across timeframes. Scalpers in fast-paced markets appreciate how ATR-based thresholds update rapidly, revealing if a sudden price push is routine or exceptional. Swing traders can rely on both indicators to filter out false signals in stable conditions or identify truly notable moves. By calibrating to changes in volatility, the merged system adapts naturally whether the market is trending, ranging, or transitioning between these phases. In summary, combining Bollinger Bands (for a static sense of standard-deviation-based overbought/oversold zones) with ATR (for a dynamic read on current volatility) yields an adaptive, intuitive indicator. Traders can better distinguish fleeting noise from meaningful expansions, enabling more informed entries, exits, and risk management. Instead of relying on a single yardstick for all market conditions, this fusion provides a layered perspective, encouraging traders to interpret price moves in the broader context of changing volatility. Section 3: Why Bollinger Bands and ATR are combined Bollinger Bands provide a static snapshot of volatility by computing a standard deviation range above and below a central average. ATR, on the other hand, adapts in real time to expansions or contractions in market volatility. When combined, these measures offset each other’s limitations: Bollinger Bands add structure (overbought and oversold references), and ATR ensures responsiveness to rapid price shifts. This synergy helps reduce noisy signals, particularly during sudden market turbulence or extended consolidations. Section 4: User Inputs Traders can adjust several parameters to suit their preferences and strategies. These typically include: 1. Lookback length for calculating the moving average and standard deviation. 2. Multipliers to control the width of Bollinger Bands. 3. An ATR multiplier to set the distance for additional reversal bands. 4. An option to display weaker signals when the price merely approaches but does not cross the outer bands. Section 5: Main Calculations At the core of this indicator are four important steps: 1. Calculate a basis using a simple moving average. 2. Derive Bollinger Bands by adding and subtracting a product of the standard deviation and a user-defined multiplier. 3. Compute ATR over the same lookback period and multiply it by the selected factor. 4. Combine ATR-based distance with the Bollinger Bands to set the outer reversal bands, which serve as stronger signal thresholds. Section 6: Signal Generation The script interprets meaningful reversal points when the price: 1. Crosses below the lower outer band, potentially highlighting oversold conditions where a bullish reversal may occur. 2. Crosses above the upper outer band, potentially indicating overbought conditions where a bearish reversal may develop. Section 7: Visualization The indicator provides visual clarity through labeled signals and color-coded references: 1. Distinct colors for upper and lower reversal bands. 2. Markers that appear above or below bars to denote possible buying or selling signals. 3. A gradient bar color scheme indicating a bar’s position between the lower and upper bands, helping traders quickly see if the price is near either extreme. Section 8: Weak Signals (Optional) For those preferring early cues, the script can highlight areas where the price nears the outer bands. When weak signals are enabled: 1. Bars closer to the upper reversal zone receive a subtle marker suggesting a less robust, yet still noteworthy, potential selling area. 2. Bars closer to the lower reversal zone receive a subtle marker suggesting a less robust, yet still noteworthy, potential buying area. Section 9: Simplicity, Effectiveness, and Lower Timeframes Although combining standard deviation and ATR involves sophisticated volatility concepts, this indicator is visually straightforward. Reversal bands and gradient-colored bars make it easy to see at a glance when price approaches or crosses a threshold. Day traders operating on lower timeframes benefit from such clarity because it helps filter out minor fluctuations and focus on more meaningful signals. Section 10: Adaptability across Market Phases Because both the standard deviation (for Bollinger Bands) and ATR adapt to changing volatility, the indicator naturally adjusts to various environments: 1. Trending: The additional ATR-based outer bands help distinguish between temporary pullbacks and deeper reversals. 2. Ranging: Bollinger Bands often remain narrower, identifying smaller reversals, while the outer ATR bands remain relatively close to the main bands. Section 11: Reduced Noise in High-Volatility Scenarios By factoring ATR into the band calculations, the script widens or narrows the thresholds during rapid market fluctuations. This reduces the amount of false triggers typically found in indicators that rely solely on fixed calculations, preventing overreactions to abrupt but short-lived price spikes. Section 12: Incorporation with Other Technical Tools Many traders combine this indicator with oscillators such as RSI, MACD, or Stochastic, as well as volume metrics. Overbought or oversold signals in momentum oscillators can provide additional confirmation when price reaches the outer bands, while volume spikes may reinforce the significance of a breakout or potential reversal. Section 13: Risk Management Considerations All trading strategies carry risk. This indicator, like any tool, can and does produce losing trades if price unexpectedly reverses again or if broader market conditions shift rapidly. Prudent traders employ protective measures: 1. Stop-loss orders or trailing stops. 2. Position sizing that accounts for market volatility. 3. Diversification across different asset classes when possible. Section 14: Overbought and Oversold Identification Standard Bollinger Bands highlight regions where price might be overextended relative to its recent average. The extended ATR-based reversal bands serve as secondary lines of defense, identifying moments when price truly stretches beyond typical volatility bounds. Section 15: Parameter Customization for Different Needs Users can tailor the script to their unique preferences: 1. Shorter lookback settings yield faster signals but risk more noise. 2. Higher multipliers spread the bands further apart, filtering out small moves but generating fewer signals. 3. Longer lookback periods smooth out market noise, often leading to more stable but less frequent trading cues. Section 16: Examples of Different Trading Styles 1. Day Traders: Often reduce the length to capture quick price swings. 2. Swing Traders: May use moderate lengths such as 20 to 50 bars. 3. Position Traders: Might opt for significantly longer settings to detect macro-level reversals. Section 17: Performance Limitations and Reality Check No technical indicator is free from false signals. Sudden fundamental news events, extreme sentiment changes, or low-liquidity conditions can render signals less reliable. Backtesting and forward-testing remain essential steps to gauge whether the indicator aligns well with a trader’s timeframe, risk tolerance, and instrument of choice. Section 18: Merging Volatility and Momentum A critical uniqueness of this indicator lies in how it merges Bollinger Bands (standard deviation-based) with ATR (pure volatility measure). Bollinger Bands provide a relative measure of price extremes, while ATR dynamically reacts to market expansions and contractions. Together, they offer an enhanced perspective on potential market turns, ideally reducing random noise and highlighting moments where price has traveled beyond typical bounds. Section 19: Purpose of this Merger The fundamental purpose behind blending standard deviation measures with real-time volatility data is to accommodate different market behaviors. Static standard deviation alone can underreact or overreact in abnormally volatile conditions. ATR alone lacks a baseline reference to normality. By merging them, the indicator aims to provide: 1. A versatile dynamic range for both typical and extreme moves. 2. A filter against frequent whipsaws, especially in choppy environments. 3. A visual framework that novices and experts can interpret rapidly. Section 20: Summary and Practical Tips Uptrick: Volatility Reversion Bands offers a powerful tool for traders looking to combine volatility-based signals with momentum-derived reversals. It emphasizes clarity through color-coded bars, defined reversal zones, and optional weak signal markers. While potentially useful across all major timeframes, it demands ongoing risk management, realistic expectations, and careful study of how signals behave under different market conditions. No indicator serves as a crystal ball, so integrating this script into an overall strategy—possibly alongside volume data, fundamentals, or momentum oscillators—often yields the best results. Disclaimer and Educational Use This script is intended for educational and informational purposes. It does not constitute financial advice, nor does it guarantee trading success. Sudden economic events, low-liquidity times, and unexpected market behaviors can all undermine technical signals. Traders should use proper testing procedures (backtesting and forward-testing) and maintain disciplined risk management measures.
Pine Script®指標
由Uptrick提供
Price Changes Relative to Previous CloseThis script displays the price values in percentages (open, high, low, and close) of the current bars relative to the previous bar's close. This helps visualize the amplitude of price movements. Depending on the user's choice, the display can be in the form of candles or bars. Main steps of the script Retrieves the previous bar's closing price. Calculates the percentage changes in the open, high, low, and close prices of the current bar relative to the previous bar's close. Sets the colors for bullish (green) and bearish (red) candles/bars. Allows the user to choose the display type (candles or bars). Displays the candles or bars on the chart. Creates arrays to store the highs and lows of the last 252 bars and filters them based on the current bar's close. Calculates the average values of the highs and lows for the filtered bars and displays them on the chart. Изменение цен относительно предыдущего закрытия Этот скрипт отображает значения цен в процентах (открытие, высокие, низкие и закрытие) текущих баров относительно закрытия предыдущего бара. Это помогает визуализировать амплитуду движений цен. В зависимости от выбора пользователя, отображение может быть в виде свечей или баров. Основные шаги скрипта Получает цену закрытия предыдущего бара. Вычисляет процентные изменения открытой, высокой, низкой и закрытой цен текущего бара относительно закрытия предыдущего бара. Настраивает цвета для бычьих (зелёных) и медвежьих (красных) свечей/баров. Позволяет пользователю выбирать тип отображения (свечи или бары). Отображает свечи или бары на графике. Создаёт массивы для хранения максимумов и минимумов за последние 252 бара и фильтрует их в зависимости от закрытия текущего бара. Вычисляет средние значения максимумов и минимумов для отфильтрованных баров и отображает их на графике.
Pine Script®指標
由Bunch-Q提供
Range PolarityDescription: This indicator is a "Rate of Change" style oscillator designed to measure market dynamics through the lens of price ranges. By utilizing the true range in conjunction with high and low separation, this script produces two distinct oscillators: one for positive price shifts and one for negative price shifts. Key Features: High/Low Isolation: The script calculates the relative movement of upwards and downwards price movements over a user-defined period. This separation provides a nuanced view of market behavior, offering two separate signals for comparison. Dynamic Transform Smoothing: A smoothing transform is applied to the signals, ensuring better outlier handling while maintaining sensitivity to price extremes. This makes the oscillator especially suited for identifying overbought and oversold conditions. Zero-Centered: The zero line acts as a "gravity point," where shifts away or toward zero indicate market momentum. Signal crosses or reversals from extreme zones can signal potential entry or exit points. Outlier Identification: Unlike traditional ATR based strategies (e.g., Keltner Channels ), this indicator isolates high and low ranges, creating a more granular view of market extremes. These measurements can help identify shifts from the outlying positions and reversal opportunities. Visual Enhancements: Multiple layers enhance the visual distinction of the positive and negative transformations. Horizontal lines at key thresholds provide visual reference for overbought, oversold, and equilibrium zones. How to Use: Primary signals are shifts from outlying positions or a positive/negative cross. An extreme reading itself can reveal an incoming reversal when calibrated with other indicators or compared with higher timeframes. Pairing "Range Polarity" with volume and momentum can create a comprehensive strategy. In conclusion, be aware the base length controls the window for high/low contributions while the transform smoothing enhances the raw data through normalization within a tempered range to filter out insignificant fluctuations. Merry Christmas to all and have a Happy New Year!
Pine Script®指標
由NantzOS提供