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Momentum Matrix (BTC-COIN)The Momentum Matrix (BTC-COIN) indicator analyzes the momentum relationship between Coinbase stock ( NASDAQ:COIN ) and Bitcoin ( CRYPTOCAP:BTC ). By combining RSI, correlation, and dominance metrics, it identifies bullish and bearish macro trends to align trades with market momentum. How It Works Price Inputs: Pulls weekly price data for CRYPTOCAP:BTC and NASDAQ:COIN for macro analysis. Metrics Calculated: • RSI Divergence: Measures momentum differences between CRYPTOCAP:BTC and $COIN. • Price Ratio: Tracks the $COIN/ CRYPTOCAP:BTC relationship relative to its long-term average (SMA). • Correlation: Analyzes price co-movement between CRYPTOCAP:BTC and $COIN. • Dominance Impact: Incorporates CRYPTOCAP:BTC dominance for broader crypto trends. Composite Momentum Score: Combines these metrics into a smoothed macro momentum value. Thresholds for Trend Detection: Upper and lower thresholds dynamically adapt to market conditions. Signals and Visualization: • Buy Signal: Momentum exceeds the upper threshold, indicating bullish trends. • Sell Signal: Momentum falls below the lower threshold, indicating bearish trends. • Background Colors: Green (bullish), Red (bearish). Strengths Integrates multiple metrics for robust macro analysis. Dynamic thresholds adapt to market conditions. Effective for identifying macro momentum shifts. Limitations Lag in high volatility due to smoothing. Less effective in choppy, sideways markets. Assumes CRYPTOCAP:BTC dominance drives NASDAQ:COIN momentum, which may not always hold true. Improvements Multi-Timeframe Analysis: Add daily or monthly data for precision. Volume Filters: Include volume thresholds for signal validation. Additional Metrics: Consider MACD or Stochastics for further confirmation. Complementary Tools Volume Indicators: OBV or cumulative delta for confirmation. Trend-Following Systems: Pair with moving averages for timing. Market Breadth Metrics: Combine with CRYPTOCAP:BTC dominance trends for context.
Pine Script®指標
由SHA256orBUST提供
RSI Screener / Heatmap - By LeviathanThis script allows you to quickly scan the market by displaying the RSI values of up to 280 tickers at once and visualizing them in an easy-to-understand format using labels with heatmap coloring. 📊 Source The script can display the RSI from a custom timeframe (MTF) and custom length for the following data: - Price - OBV (On Balance Volume) - Open Interest (for crypto tickers) 📋 Ticker Selection This script uses a different approach for selecting tickers. Instead of inputting them one by one via input.symbol(), you can now copy-paste or edit a list of tickers in the text area window. This approach allows users to easily exchange ticker lists between each other and, for example, create multiple lists of tickers by sector, market cap, etc., and easily input them into the script. Full credit to @allanster for his functions for extracting tickers from the text. Users can switch between 7 groups of 40 tickers each, totaling 280 tickers. 🖥️ Display Types - Screener with Labels: Each ticker has its own color-coded label located at its RSI value. - Group Average RSI: A standard RSI plot that displays the average RSI of all tickers in the group. - RSI Heatmap (coming soon): Color-coded rows displaying current and historical values of tickers. - RSI Divergence Heatmap (coming soon): Color-coded rows displaying current and historical regular/hidden bullish/bearish divergences for tickers. 🎨 Appearance Appearance is fully customizable via user inputs, allowing you to change heatmap/gradient colors, zone coloring, and more.
Pine Script®指標
由LeviathanCapital提供
20
Trend Reversal Engine (CHoCH + EMA + RSI)This professional-grade indicator is not just a collection of signals; it is a complete algorithmic trading system designed to solve the most common problem in retail trading: The Fake-Out. By combining Institutional Market Structure (SMC) with High-Frequency Momentum Filters, the Pine Reversal Engine V6 provides a high-conviction "Confluence Engine" that filters out noise and identifies high-probability turning points. The Three Pillars of Execution 1. The Institutional Foundation: Market Structure (CHoCH + HL) Most traders lose money because they trade against the trend. This engine identifies the Change of Character (CHoCH)—the exact moment a downtrend breaks and the first institutional "buy-side" liquidity is injected. It doesn't stop there; it requires a Higher Low (HL) confirmation, ensuring you aren't catching a falling knife, but riding a confirmed structural shift. 2. The Momentum Shield: Dual EMA & RSI Engine We use a 9-period and 21-period EMA combo as a dynamic filter. The system only permits "Long Entry" labels when the 9 EMA is trending above the 21, acting as a trend-strength validator. Furthermore, it integrates a Bullish RSI Divergence engine. This is the "secret sauce"—it detects when price makes a lower low while momentum (RSI) makes a higher low, signaling that sellers are exhausted and a massive reversal is imminent. 3. The Precision Trigger: Confluence Confirmation A signal is only generated when all "stars align." This includes: Historical Support Validation: Price must be sitting on a major pivot zone. The Retest Logic: High-probability entries occur when price "kisses" the 9 EMA from above during a bullish trend. Candlestick Psychology: The final "Go" signal requires a Bullish Engulfing or Pin-bar pattern, proving that buyers have physically seized control of the price action at that specific second. Why Professionals Choose This Engine Zero-Guesswork Dashboard: A real-time overlay table that summarizes Trend, Structure, and Divergence. You see exactly why a trade is valid at a single glance. Pine V6 Architecture: Built on the bleeding edge of TradingView’s newest language version. It is faster, more efficient, and future-proof. Visual Clarity: Beautifully rendered labels and background highlights (EMA Retest zones) turn your chart into a professional workstation, reducing cognitive load and trading fatigue. Risk-Focused: By requiring price to be at historical support levels, it naturally forces you into trades with tight stop-loss potential and massive Reward-to-Risk ratios. Stop trading lagging indicators. Start trading the confluence of Structure, Momentum, and Price Action
Pine Script®指標
由mueleezytrade提供
9:45am NIFTY TRADINGTime Frame: 15 Minutes | Reference Candle Time: 9:45 AM IST | Valid Trading Window: 3 Hours 📌 Introduction This document outlines a structured trading strategy for NIFTY & BANKNIFTY Options based on a 15-minute timeframe with a 9:45 AM IST reference candle. The strategy incorporates technical indicators, probability analysis, and strict trading rules to optimize entries and exits. 📊 Core Features 1. Reference Time Trading System 9:45 AM IST Candle acts as the reference for the day. All signals (Buy/Sell/Reversal) are generated based on price action relative to this candle. The valid trading window is 3 hours after the reference candle. 2. Signal Generation Logic Signal Condition Buy (B) Price breaks above reference candle high with confirmation Sell (S) Price breaks below reference candle low with confirmation Reversal (R) Early trend reversal signal (requires strict confirmation) 3. Probability Analysis System The strategy calculates Win Probability (%) using 4 components: Component Weight Calculation Body Win Probability 30% Based on candle body strength (body % of total range) Volume Win Probability 30% Current volume vs. average volume strength Trend Win Probability 40% EMA crossover + RSI momentum alignment Composite Probability - Weighted average of all 3 components Probability Color Coding: 🟢 Green (High Probability): ≥70% 🟠 Orange (Medium Probability): 50-69% 🔴 Red (Low Probability): <50% 4. Timeframe Enforcement Strictly 15-minute charts only (no other timeframes allowed). System auto-disables signals if the wrong timeframe is selected. 📈 Technical Analysis Components 1. EMA System (Trend Analysis) Short EMA (9) – Fast trend indicator Middle EMA (20) – Intermediate trend Long EMA (50) – Long-term trend confirmation Rules: Buy Signal: Price > 9 EMA > 20 EMA > 50 EMA (Bullish trend) Sell Signal: Price < 9 EMA < 20 EMA < 50 EMA (Bearish trend) 2. Multi-Timeframe RSI (Momentum) 5M, 15M, 1H, 4H, Daily RSI values are compared for divergence/confluence. Overbought (≥70) / Oversold (≤30) conditions help in reversal signals. 3. Volume Analysis Volume Strength (%) = (Current Volume / Avg. Volume) × 100 Strong Volume (>120% Avg.) confirms breakout/breakdown. 4. Body Percentage (Candle Strength) Body % = (Close - Open) / (High - Low) × 100 Strong Bullish Candle: Body > 60% Strong Bearish Candle: Body < 40% 📊 Visual Elements 1. Information Tables Reference Data Table (9:45 AM Candle High/Low/Close) RSI Values Table (5M, 15M, 1H, 4H, Daily) Signal Legend (Buy/Sell/Reversal indicators) 2. Chart Overlays Reference Lines (9:45 AM High & Low) EMA Lines (9, 20, 50) Signal Labels (B, S, R) 3. Color Coding High Probability (Green) Medium Probability (Orange) Low Probability (Red) ⚠️ Important Usage Guidelines ✅ Best Practices: Trade only within the 3-hour window (9:45 AM - 12:45 PM IST). Wait for confirmation (closing above/below reference candle). Use probability score to filter high-confidence trades. ❌ Avoid: Trading outside the 15-minute timeframe. Ignoring volume & RSI divergence. Overtrading – Stick to 1-2 high-probability setups per day. 🎯 Conclusion This NIFTY Trading Strategy is optimized for 15-minute charts with a 9:45 AM IST reference candle. It combines EMA trends, RSI momentum, volume analysis, and probability scoring to generate high-confidence signals. 🚀 Key Takeaways: ✔ Reference candle defines the day’s bias. ✔ Probability system filters best trades. ✔ Strict 15M timeframe ensures consistency. Happy Trading! 📈💰
Pine Script®指標
由linupro提供
6
Relative Strength Index - Divergences, Stoch, Reverse StochThis is aggregation of RSI indicators - RSI, Divergences, Reverse & Stochastic RSI Thanks to ©JayTradingCharts and ©mohanee for the RSI Divergences code Thanks to BApig - Motgench, balipour and Wugamlo for the reverse stoch code Changes: 1. Add option to calc divs based on close or wicks or both (RSI is close based) 2. Add pivots (marking local high/low) 3. Update to Pine v5 4. Cleanup of unused code
Pine Script®指標
由CryptoTechGuy1提供
7
ASFX TDIThe TDI is the foundation of the ASFX systems. We use it to spot trends, RSI divergence, and beautiful entries. There are 3 components to the TDI -- the L50, the TL, and the RSI. The L50 can be used to spot medium-term trend. When the L50 is in a certain zone since the beginning of the day, we know that the bias in the market is clear. The TL can be used to spot short-term trend. We use the fact the slope of the TL to help us enter cleaner trades. The RSI can be used to find divergences which may result in a reversal. The following 3 components are nothing new to the ASFX traders. However, this version brings the RSI (At Open) to the traders as well. The new feature can be used to enter A1 trade (breakout trades) which has to take the RSI at the open into consideration whether it is above/below the L50 and the TL or not. This can be used with the EMAs to detect trending moves as well.
Pine Script®指標
由kc_bluemercury提供
1
[RS]RSI Divergence V5 Thank You Richard Santos!!! This is a great indicator guys.Its good for measuring divergence in an objective way. The idea is to measure the high to high and the low to low (stock vs. indicator) with the low to high and high to low (stock vs. indicator). This is the basis of divergence. I love this one. I would also add you can draw angles on the indicator and the stocks. All in all a great indicator. Richard Santos was nice enough to modify one of his scripts for this one. Credit goes to him. You can also use this for measuring volatility when the lines narrow or widen.
Pine Script®指標
由SpreadEagle71提供
18
Relative Strength Index (OSC)Hello everyone, I'm sorry that the previous open-source version was hidden due to the house rules, I've re-edited the description and re-posted it (1) Indicator introduction This is RSI indicator with original divergence algorithm This indicator is plotted on the RSI and can display the divergence locations and corresponding divergence intensity The tolerance of N Klines at the top or bottom positions for price and indicator is supported, which is set by the "Tolerant Kline Number" Support the display of divergence intensity, that is, the REG/HID value displayed on the label, which is less than 0. The smaller the intensity value, the more obvious divergence Support the filtering of divergence intensity, which is set by "Cov Threshold". The divergence that REG/HID divergence intensity greater than this value will be ignored In the label, REG indicates regular top/bottom divergence while HID indicates hidden top/bottom divergence In the label, SRC(x-y) indicates a divergence occurred from the x-th kline to the y-th kline In the label, OSC(x-y) indicates a divergence occurred from the indicator corresponding to the x-th kline to the y-th kline (2) Parameter introduction - RSI Settings Source: The source to calculate RSI, close by default RSI Length: The length of RSI, 14 by default - RSI Divergence Pivot Lookback Right: Number of K-line bars recalling the pivot top/bottom point to the right Pivot Lookback Left: Number of K-line bars recalling the pivot top/bottom point to the left Max of Lookback Range: Maximum number of retracing K-line bars to find the pivot top/bottom point Min of Lookback Range: Minimum number of retracing K-line bars to find the pivot top/bottom point Tolerant Kline Number: Maximum tolerance in indexing top/bottom points of Klines and indicators Cov Threshold: Divergence intensity, which is less than 0. The smaller the intensity value, the more obvious divergence Plot Bullish: Whether to draw regular bullish divergence label Plot Hidden Bullish: Whether to draw hidden bullish divergence label Plot Bearish: Whether to draw regular bearish divergence label Plot Hidden Bearish: Whether to draw hidden bearish divergence label Happy trading and enjoy your life! ———————————————————————————————————————— 各位朋友大家好，很抱歉之前的开源版本因为规则原因被隐藏，我已经重新编辑了说明并重新发布 (1) 指标说明 该指标绘制于 RSI 上，并在对应位置显示背离点以及背离程度 支持顶底位置 N 根K线的容差，由 Tolerant Kline Number 参数设置 支持背离强度的显示，即标签上显示的 REG/HID 值，该值小于 0，且越小说明背离程度越大 支持背离强度的过滤，由 Cov Threshold 参数设置， REG/HID 值大于这个值的背离会被忽略 标签中，REG 表示常规顶/低背离，而 HID 表示隐藏顶/底背离 标签中，SRC(x-y) 表示从当前第 x 根 bar 开始到第 y 跟 bar 出现背离 标签中，OSC(x-y) 表示从当前第 x 根 bar 所对应的指标开始到第 y 跟 bar 所对应的指标出现背离 (2) 参数说明 - RSI Settings Source: 计算 RSI 指标的 source，默认为 close RSI Length: 计算 RSI 指标的长度，默认为 14 - RSI Divergence Pivot Lookback Right: 枢纽顶/底点往右回顾的 K线 bar 数量 Pivot Lookback Left: 枢纽顶/底点往左回顾的 K线 bar 数量 Max of Lookback Range: 回寻找枢纽顶/底点的最大回溯 K线 bar 数量 Min of Lookback Range: 回寻找枢纽顶/底点的最小回溯 K线 bar 数量 Tolerant Kline Number: K线和指标的顶/底点索引的最大误差 Cov Threshold: 背离程度，该值小于 0，且越小说明背离程度越大 Plot Bullish: 是否绘制常规底背离提示 Plot Hidden Bullish: 是否绘制隐藏底背离提示 Plot Bearish: 是否绘制常规顶背离提示 Plot Hidden Bearish: 是否绘制隐藏顶背离提示 祝大家交易愉快
Pine Script®指標
由dandrideng提供
1
Relative Strength Index (SRC)Hello everyone, I'm sorry that the previous open-source version was hidden due to the house rules, I've re-edited the description and re-posted it (1) Indicator introduction This is RSI indicator with original divergence algorithm This indicator is plotted on the klines and can display the divergence locations and corresponding divergence intensity The tolerance of N Klines at the top or bottom positions for price and indicator is supported, which is set by the "Tolerant Kline Number" Support the display of divergence intensity, that is, the REG/HID value displayed on the label, which is less than 0. The smaller the intensity value, the more obvious divergence Support the filtering of divergence intensity, which is set by "Cov Threshold". The divergence that REG/HID divergence intensity greater than this value will be ignored In the label, REG indicates regular top/bottom divergence while HID indicates hidden top/bottom divergence In the label, SRC(x-y) indicates a divergence occurred from the x-th kline to the y-th kline In the label, OSC(x-y) indicates a divergence occurred from the indicator corresponding to the x-th kline to the y-th kline (2) Parameter introduction - RSI Settings Source: The source to calculate RSI, close by default RSI Length: The length of RSI, 14 by default - RSI Divergence Pivot Lookback Right: Number of K-line bars recalling the pivot top/bottom point to the right Pivot Lookback Left: Number of K-line bars recalling the pivot top/bottom point to the left Max of Lookback Range: Maximum number of retracing K-line bars to find the pivot top/bottom point Min of Lookback Range: Minimum number of retracing K-line bars to find the pivot top/bottom point Tolerant Kline Number: Maximum tolerance in indexing top/bottom points of Klines and indicators Cov Threshold: Divergence intensity, which is less than 0. The smaller the intensity value, the more obvious divergence Plot Bullish: Whether to draw regular bullish divergence label Plot Hidden Bullish: Whether to draw hidden bullish divergence label Plot Bearish: Whether to draw regular bearish divergence label Plot Hidden Bearish: Whether to draw hidden bearish divergence label Happy trading and enjoy your life! ———————————————————————————————————————— 各位朋友大家好，很抱歉之前的开源版本因为规则原因被隐藏，我已经重新编辑了说明并重新发布 (1) 指标说明 该指标绘制于 K线 上，并在对应位置显示背离点以及背离程度 支持顶底位置 N 根K线的容差，由 Tolerant Kline Number 参数设置 支持背离强度的显示，即标签上显示的 REG/HID 值，该值小于 0，且越小说明背离程度越大 支持背离强度的过滤，由 Cov Threshold 参数设置， REG/HID 值大于这个值的背离会被忽略 标签中，REG 表示常规顶/低背离，而 HID 表示隐藏顶/底背离 标签中，SRC(x-y) 表示从当前第 x 根 bar 开始到第 y 跟 bar 出现背离 标签中，OSC(x-y) 表示从当前第 x 根 bar 所对应的指标开始到第 y 跟 bar 所对应的指标出现背离 (2) 参数说明 - RSI Settings Source: 计算 RSI 指标的 source，默认为 close RSI Length: 计算 RSI 指标的长度，默认为 14 - RSI Divergence Pivot Lookback Right: 枢纽顶/底点往右回顾的 K线 bar 数量 Pivot Lookback Left: 枢纽顶/底点往左回顾的 K线 bar 数量 Max of Lookback Range: 回寻找枢纽顶/底点的最大回溯 K线 bar 数量 Min of Lookback Range: 回寻找枢纽顶/底点的最小回溯 K线 bar 数量 Tolerant Kline Number: K线和指标的顶/底点索引的最大误差 Cov Threshold: 背离程度，该值小于 0，且越小说明背离程度越大 Plot Bullish: 是否绘制常规底背离提示 Plot Hidden Bullish: 是否绘制隐藏底背离提示 Plot Bearish: 是否绘制常规顶背离提示 Plot Hidden Bearish: 是否绘制隐藏顶背离提示 祝大家交易愉快
Pine Script®指標
由dandrideng提供
3
+ Breadth & Volumenote* If you've used my "+ Rate of Change Indicator", I am updating that without the OBV, which has been moved here. Just an FYI. This "indicator" is basically a variety of indicators that measure volume, or accumulation/distribution. There's a bit of a story about how this came about but it's not that interesting, so I'll spare you. Indicators from which you may choose here are On Balance Volume (OBV), Money Flow Index (MFI), Chaikin Money Flow (CMF), Chaikin Oscillator, and Positive & Negative Net Volume. I'll give a brief overview of these below, and if you want to educate yourself further on them you may. There are many web resources for that. Most people are probably familiar with OBV. It's one of the more commonly used volume indicators, especially in the crypto crowd (at least amongst those traders I follow). It's basically a cumulative (doesn't oscillate around a midpoint) momentum indicator that measures volume of the current period versus volume of the previous period and adds it if price closed higher, but subtracts it if price closes lower. It's another way of using volume to confirm trend. The MFI is a momentum indicator that measures the flow of money into and out of an asset over some period of time (user input). It's calculated using the RSI, so it can be used similarly to RSI (divergences, overbought, oversold, etc.), but of course unlike the RSI it's calculated primarily using volume and comparing the most recent candle close to the previous one (similar to OBV). CMF is a volume-weighted average of accumulation and distribution over a some period of time (typically 21). It's a way of measuring accumulation versus distribution in an asset, and oscillates around a zero line. You would use it similarly to any other oscillator, in that you can look for divergences, and general positive or negative momentum. Chaikin Oscillator is basically a MACD (without signal line) of the accumulation and distribution index (or line--which is somehow different than simply accumulation and distribution). I haven't looked into these differences deeply, but if you look below at the calculations, and substituted 'ad' for 'accdist' you get very different readings. I actually did that, and what it looks like it would do is turn the actual Oscillator into a MACD signal line. So, by substituting 'ad' for 'accdist' (or the accumulation/distribution index) you produce a signal line of the Chaikin Oscillator. Anyway, all that confusion out of the way, as I said, it's a MACD on the accumulation and distribution index, therefore it is another zero line oscillator, and similarly to CMF, it's a way of measuring price movements in the chart versus a/d. The zero line isn't just any old zero line, however, it is actually the accumulation distribution line. I've made an OBV version of this by substituting the OBV for AD, so if you prefer OBV maybe you will like that. Pos. & Neg Net Volume is actually an indicator I had seen made by RafaelZioni. It basically takes net volume, calculates a cumulative of that, then subtracts a moving average of some period from the cumulative net volume in order to create a volume oscillator. Use it like the other oscillators! Added Donchian Channels, moving averages, Bollinger Bands, colored everything, and alerts. Enjoy! Below I will post images with the different indicators, everything on default settings (except for lookback period, which I have adjusted to my personal preferences). Above is an image with the MFI being compared to the RSI since they are very similar (MFI being basically a volume derivative of the RSI). Chaikin Money Flow set to lookback of 13. You could probably extend that a bit if you wanted to smooth the line more. Chaikin Oscillator and Chaikin Oscillator of OBV, with a zoomed in look below, to see the differences more clearly. CO and COBV closer look. Positive & Negative Net Volume.
Pine Script®指標
由ClassicScott提供
11
RSI Panel Pro [UgurTash]RSI Panel Pro A clean, feature-rich RSI panel designed by UgurTash. It displays RSI momentum, a signal line, a histogram and pivot markers all in one dedicated pane below your chart. ━━━━━━━━━━━━━━━━━━━━━━━━━━━ WHAT IS INCLUDED ━━━━━━━━━━━━━━━━━━━━━━━━━━━ RSI Line The main RSI line changes color dynamically based on direction. Green when RSI is rising, red when RSI is falling. This gives you an instant read on momentum without needing to analyze the curve. Signal Line (EMA of RSI) A smoothed EMA applied directly to the RSI value. When RSI crosses above the signal line it indicates building bullish momentum. When RSI crosses below, bearish momentum is building. You can adjust the signal line length to suit your trading style. RSI Histogram Shows the distance between RSI and the 50 midline as a bar chart. Green bars above zero indicate bullish momentum. Red bars below zero indicate bearish momentum. The histogram makes it easy to spot momentum shifts at a glance. Overbought and Oversold Zones Clearly shaded zones above and below your defined overbought and oversold levels. The background of the panel also changes color when RSI enters these extreme zones, giving you an immediate visual alert. Pivot Markers Green and red circles appear directly on the RSI line at confirmed pivot highs and lows. These correspond to the same pivot points used by the divergence indicator. Set the Pivot Left and Pivot Right values here to match your settings in the main indicator for perfect alignment. ━━━━━━━━━━━━━━━━━━━━━━━━━━━ SETTINGS GUIDE ━━━━━━━━━━━━━━━━━━━━━━━━━━━ RSI Length Match this to the RSI Length in the Divergence Scalper. Default is 14. Overbought / Oversold Levels Default values are 70 and 30. You can tighten these to 75 and 25 for fewer but more extreme signals, or loosen to 65 and 35 for earlier warnings. Signal Line Length Default is 9. Lower values make the signal line more reactive. Higher values make it smoother and reduce false crossovers. Show RSI Histogram Toggle the histogram bars on or off depending on your preference. Show Pivot Markers Toggle the green and red circles on the RSI line. Set Pivot Left and Pivot Right to match your divergence indicator settings exactly. ━━━━━━━━━━━━━━━━━━━━━━━━━━━ HOW TO READ THE PANEL ━━━━━━━━━━━━━━━━━━━━━━━━━━━ Strong Bullish Setup: RSI below 30, RSI line turning green, histogram bars crossing from red to green, RSI crossing above signal line, green circle pivot marker visible. Strong Bearish Setup: RSI above 70, RSI line turning red, histogram bars crossing from green to red, RSI crossing below signal line, red circle pivot marker visible. Momentum Shift Warning: Watch for RSI and signal line crossovers near the 50 midline. These often precede trending moves and can confirm divergence signals from the main indicator. ━━━━━━━━━━━━━━━━━━━━━━━━━━━ STATS PANEL ━━━━━━━━━━━━━━━━━━━━━━━━━━━ A small information table in the top right corner of the RSI pane displays: - Current RSI value (color coded by zone) - Signal EMA value - Current zone status: Overbought, Oversold or Neutral ━━━━━━━━━━━━━━━━━━━━━━━━━━━ RECOMMENDED USE ━━━━━━━━━━━━━━━━━━━━━━━━━━━ This panel is designed to complement the RSI Divergence Scalper . Use both together: Step 1: A divergence label appears on the price chart from the main indicator. Step 2: Check this RSI panel to confirm RSI is in the correct zone and momentum is turning. Step 3: Look for RSI crossing above or below the signal line as additional confirmation. Step 4: Enter the trade with greater confidence. ━━━━━━━━━━━━━━━━━━━━━━━━━━━ NOTES ━━━━━━━━━━━━━━━━━━━━━━━━━━━ - Works on all markets and timeframes. - Always match RSI Length and Pivot settings to your Divergence Scalper settings. - No indicator guarantees profitable trades. Always use proper risk management. Created by UgurTash
Pine Script®指標
由ugurtash提供
Penny Stock Short Signal Pro# Penny Stock Short Signal Pro (PSSP) v1.0 ## Complete User Guide & Documentation --- # 📋 TABLE OF CONTENTS 1. (#introduction) 2. (#why-short-penny-stocks) 3. (#the-7-core-detection-systems) 4. (#installation--setup) 5. (#understanding-the-dashboard) 6. (#input-settings-deep-dive) 7. (#visual-elements-explained) 8. (#alert-configuration) 9. (#trading-strategies) 10. (#risk-management) 11. (#best-practices) 12. (#troubleshooting) 13. (#changelog) --- # Introduction **Penny Stock Short Signal Pro (PSSP)** is a comprehensive Pine Script v6 indicator specifically engineered for identifying high-probability short-selling opportunities on low-priced, high-volatility stocks. Unlike generic indicators that apply broad technical analysis, PSSP is purpose-built for the unique characteristics of penny stock price action—where parabolic moves, retail FOMO, and violent reversals create predictable patterns for prepared traders. ## Key Features - **7 Independent Detection Systems** working in concert to identify exhaustion points - **Composite Signal Engine** that requires multiple confirmations before triggering - **Real-Time Dashboard** displaying all signal states and market metrics - **Automatic Risk Management** with dynamic stop-loss and profit target calculations - **Customizable Sensitivity** for different trading styles (scalping vs. swing) - **Built-in Alert System** for all major signal types ## Who Is This For? - **Active Day Traders** looking to capitalize on intraday reversals - **Short Sellers** who specialize in penny stocks and small caps - **Momentum Traders** who want to identify when momentum is exhausting - **Risk-Conscious Traders** who need clear entry/exit levels --- # Why Short Penny Stocks? ## The Penny Stock Lifecycle Penny stocks follow a remarkably predictable lifecycle that creates shorting opportunities: ``` PHASE 1: ACCUMULATION └── Low volume, tight range └── Smart money quietly building positions PHASE 2: MARKUP / PROMOTION └── News catalyst or promotional campaign └── Volume increases, price begins rising └── Early momentum traders enter PHASE 3: DISTRIBUTION (YOUR OPPORTUNITY) └── Parabolic move attracts retail FOMO buyers └── Smart money selling into strength └── Volume climax signals exhaustion └── ⚠️ PSSP SIGNALS FIRE HERE ⚠️ PHASE 4: DECLINE └── Support breaks, panic selling └── Price returns toward origin └── Short sellers profit ``` ## Why Shorts Work on Penny Stocks 1. **No Fundamental Support**: Most penny stocks have no earnings, revenue, or assets to justify elevated prices 2. **Promotional Nature**: Many rallies are driven by promoters who will eventually stop 3. **Retail Exhaustion**: Retail buying power is finite—when it's exhausted, gravity takes over 4. **Float Dynamics**: Low float stocks move fast in both directions 5. **Technical Levels Matter**: VWAP, round numbers, and prior highs become self-fulfilling resistance --- # The 7 Core Detection Systems PSSP employs seven independent detection algorithms. Each identifies a specific type of exhaustion or reversal signal. When multiple systems fire simultaneously, the probability of a successful short dramatically increases. --- ## 1. PARABOLIC EXHAUSTION DETECTOR ### What It Detects Identifies when price has moved too far, too fast and is likely to reverse. This system looks for the classic "blow-off top" pattern common in penny stock runners. ### Technical Logic ``` Parabolic Signal = TRUE when: ├── Consecutive green candles ≥ threshold (default: 3) ├── AND price extension from VWAP ≥ threshold ATRs (default: 1.5) └── OR shooting star / upper wick rejection pattern forms ``` ### Visual Representation ``` ╱╲ ← Shooting star / upper wick ╱ ╲ (Parabolic exhaustion) ╱ ╱ ╱ ══════════════ VWAP ╱ ╱ ``` ### Why It Works on Penny Stocks Penny stocks are notorious for parabolic moves driven by retail FOMO. When everyone who wants to buy has bought, there's no one left to push prices higher. The shooting star pattern shows that sellers are already stepping in at higher prices. ### Key Settings | Parameter | Default | Range | Description | |-----------|---------|-------|-------------| | Lookback Period | 10 | 3-30 | Bars to analyze for pattern | | Extension Threshold | 1.5 ATR | 0.5-5.0 | How far above VWAP is "parabolic" | | Consecutive Green Bars | 3 | 2-10 | Minimum green bars for exhaustion | --- ## 2. VWAP REJECTION SYSTEM ### What It Detects Volume Weighted Average Price (VWAP) is the single most important level for institutional traders. This system identifies when price tests above VWAP and gets rejected back below—a powerful short signal. ### Technical Logic ``` VWAP Rejection = TRUE when: ├── Candle high pierces above VWAP ├── AND candle closes below VWAP ├── AND candle is bearish (close < open) └── AND rejection distance is within sensitivity threshold ``` ### Visual Representation ``` High ──→ ╱╲ ╱ ╲ VWAP ════════╱════╲═══════════ Close ←── Rejection ``` ### Extended VWAP Signals The system also tracks VWAP standard deviation bands. Rejection from the upper band (2 standard deviations above VWAP) is an even stronger signal. ### Why It Works on Penny Stocks - Algorithms and institutions use VWAP as their benchmark - Failed attempts to reclaim VWAP often lead to waterfall selling - VWAP acts as a "magnet" that price tends to revert toward ### Key Settings | Parameter | Default | Range | Description | |-----------|---------|-------|-------------| | Rejection Sensitivity | 0.5 ATR | 0.1-2.0 | How close to VWAP for valid rejection | | Show VWAP Line | True | - | Display VWAP on chart | | Show VWAP Bands | True | - | Display standard deviation bands | | Band Multiplier | 2.0 | 0.5-4.0 | Standard deviations for bands | --- ## 3. VOLUME CLIMAX DETECTOR ### What It Detects Identifies "blow-off tops" where extreme volume accompanies a price spike. This often marks the exact top as it represents maximum retail participation—after which buying power is exhausted. ### Technical Logic ``` Volume Climax = TRUE when: ├── Current volume ≥ (Average volume × Climax Multiple) ├── AND one of: │ ├── Selling into the high (upper wick > lower wick on green bar) │ └── OR post-climax weakness (red bar following climax bar) ``` ### Visual Representation ``` Price: ╱╲ ╱ ╲ ╱ ╲ ╱ ╲ ╱ Volume: ▂▃▅▇██▇▅▃▂▁ ↑ Volume Climax (3x+ average) ``` ### Why It Works on Penny Stocks - Retail traders pile in at the top, creating volume spikes - Market makers and smart money use this liquidity to exit - Once the volume spike passes, there's no fuel left for higher prices - The "smart money selling into dumb money buying" creates the top ### Key Settings | Parameter | Default | Range | Description | |-----------|---------|-------|-------------| | Volume MA Length | 20 | 5-50 | Period for average volume calculation | | Climax Volume Multiple | 3.0x | 1.5-10.0 | Multiple of average for "climax" | | Show Volume Bars | True | - | Visual volume representation | --- ## 4. RSI DIVERGENCE ANALYZER ### What It Detects Bearish divergence occurs when price makes higher highs but RSI (momentum) makes lower highs. This indicates that momentum is weakening even as price pushes higher—a warning of imminent reversal. ### Technical Logic ``` Bearish Divergence = TRUE when: ├── RSI is in overbought territory (> threshold) ├── AND RSI is declining (current < previous < prior) └── Indicates momentum exhaustion before price catches up ``` ### Visual Representation ``` Price: /\ /\ / \ / \ ← Higher high / \/ / / RSI: /\ / \ /\ / \/ \ ← Lower high (DIVERGENCE) / \ ════════════════════ Overbought (70) ``` ### Why It Works on Penny Stocks - Penny stocks often push to new highs on weaker and weaker momentum - Divergence signals that fewer buyers are participating at each new high - Eventually, the lack of buying pressure leads to collapse ### Key Settings | Parameter | Default | Range | Description | |-----------|---------|-------|-------------| | RSI Length | 14 | 5-30 | Standard RSI calculation period | | Overbought Level | 70 | 60-90 | RSI level considered overbought | | Divergence Lookback | 14 | 5-30 | Bars to look back for swing highs | --- ## 5. KEY LEVEL REJECTION TRACKER ### What It Detects Identifies rejections from significant price levels where shorts are likely to be concentrated: High of Day (HOD), premarket highs, and psychological levels (whole and half dollars). ### Technical Logic ``` Level Rejection = TRUE when: ├── Price touches key level (within 0.2% tolerance) ├── AND candle is bearish (close < open) ├── AND close is in lower portion of candle range │ ├── Key Levels Tracked: │ ├── High of Day (HOD) │ ├── Premarket High │ └── Psychological levels ($1.00, $1.50, $2.00, etc.) ``` ### Visual Representation ``` HOD ───────────────────────────────── ╱╲ ← Rejection ╱ ╲ ╱ ╲ ╱ ───────────────────────────────── PM High ───────────────────────────── ``` ### Why It Works on Penny Stocks - **HOD**: The high of day is where the most traders are trapped long. Failure to break HOD often triggers stop-loss cascades - **Premarket High**: Represents overnight enthusiasm; failure to exceed often means the "news" is priced in - **Psychological Levels**: Round numbers ($1, $2, $5) attract orders and act as natural resistance ### Key Settings | Parameter | Default | Range | Description | |-----------|---------|-------|-------------| | Track HOD Rejection | True | - | Monitor high of day | | Track Premarket High | True | - | Monitor premarket resistance | | Track Psychological Levels | True | - | Monitor round numbers | --- ## 6. FAILED BREAKOUT DETECTOR ### What It Detects Identifies "bull traps" where price breaks above resistance but immediately fails and closes back below. This traps breakout buyers and often leads to accelerated selling. ### Technical Logic ``` Failed Breakout = TRUE when: ├── Price breaks above recent high (lookback period) ├── AND one of: │ ├── Same bar closes below the breakout level │ └── OR following bars show consecutive red candles ``` ### Visual Representation ``` ╱╲ ╱ ╲ ← False breakout Recent High ══╱════╲════════════════ ╱ ╲ ╱ ╲ ╱ ╲ ← Trapped longs panic sell ``` ### Why It Works on Penny Stocks - Breakout traders enter on the break, providing exit liquidity for smart money - When the breakout fails, these traders become trapped and must exit - Their forced selling accelerates the decline - Penny stocks have thin order books, making failed breakouts especially violent ### Key Settings | Parameter | Default | Range | Description | |-----------|---------|-------|-------------| | Breakout Lookback | 5 | 2-15 | Bars to define "recent high" | | Confirmation Bars | 2 | 1-5 | Bars to confirm failure | --- ## 7. MOVING AVERAGE BREAKDOWN SYSTEM ### What It Detects Monitors exponential moving averages (EMAs) for bearish crossovers and price rejections. EMA crosses often signal trend changes, while rejections from EMAs indicate resistance. ### Technical Logic ``` MA Breakdown = TRUE when: ├── Bearish EMA cross (fast crosses below slow) └── OR EMA rejection (price tests EMA from below and fails) ``` ### Visual Representation ``` ╱╲ ← Rejection from EMA ╱ ╲ EMA 9 ═══════════╱════╲═══════════ ╲ EMA 20 ═══════════════════╲════════ ╲ Bearish cross ↓ ``` ### Why It Works on Penny Stocks - EMAs smooth out the noise and show underlying trend direction - When fast EMA crosses below slow EMA, it signals momentum shift - Rejected attempts to reclaim EMAs show sellers are in control ### Key Settings | Parameter | Default | Range | Description | |-----------|---------|-------|-------------| | Fast EMA | 9 | 3-20 | Short-term trend | | Slow EMA | 20 | 10-50 | Medium-term trend | | Show EMAs | True | - | Display on chart | --- # Installation & Setup ## Step 1: Access Pine Editor 1. Open TradingView (tradingview.com) 2. Open any chart 3. Click "Pine Editor" at the bottom of the screen ## Step 2: Create New Indicator 1. Click "Open" → "New blank indicator" 2. Delete any existing code 3. Paste the entire PSSP code ## Step 3: Save and Add to Chart 1. Click "Save" (give it a name like "PSSP") 2. Click "Add to chart" 3. The indicator will appear with default settings ## Step 4: Configure Settings 1. Click the gear icon (⚙️) on the indicator 2. Adjust settings based on your trading style (see Settings section) 3. Click "OK" to apply ## Recommended Chart Setup - **Timeframe**: 1-minute or 5-minute for scalping, 15-minute for swing shorts - **Chart Type**: Candlestick - **Extended Hours**: Enable if trading premarket/afterhours - **Volume**: Can disable default volume since PSSP tracks it --- # Understanding the Dashboard The real-time dashboard provides at-a-glance status of all systems: ``` ┌─────────────────────────────────────────┐ │ 📊 SHORT SIGNAL DASHBOARD │ ├─────────────────────────────────────────┤ │ Signal Strength: 5/7 │ ├─────────────────────────────────────────┤ │ ─── ACTIVE SIGNALS ─── │ │ │ │ Parabolic Exhaustion 🔴 2.1 ATR │ │ VWAP Rejection 🔴 Above │ │ Volume Climax 🔴 4.2x Avg │ │ RSI Divergence ⚪ RSI: 68 │ │ Level Rejection 🔴 @ HOD │ │ Failed Breakout 🔴 │ │ MA Breakdown ⚪ Bullish │ ├─────────────────────────────────────────┤ │ ─── RISK LEVELS ─── │ │ Stop: $2.45 T1: $2.10 T2: $1.85 │ └─────────────────────────────────────────┘ ``` ## Dashboard Elements Explained ### Signal Strength Indicator | Rating | Signals | Color | Interpretation | |--------|---------|-------|----------------| | STRONG | 5-7 | Red | High-confidence short opportunity | | MODERATE | 3-4 | Orange | Decent setup, consider other factors | | WEAK | 1-2 | Gray | Insufficient confirmation | | NONE | 0 | Gray | No short signals active | ### Signal Status Icons - 🔴 = Signal is ACTIVE (condition met) - ⚪ = Signal is INACTIVE (condition not met) ### Contextual Metrics Each signal row includes relevant metrics: - **Parabolic**: Shows ATR extension from VWAP - **VWAP**: Shows if price is Above/Below VWAP - **Volume**: Shows current volume as multiple of average - **RSI**: Shows current RSI value - **Level**: Shows which level was touched (HOD, PM High, etc.) - **MA**: Shows EMA relationship (Bullish/Bearish) ### Risk Levels When a composite short signal fires: - **Stop**: Suggested stop-loss level (high + ATR multiple) - **T1**: First profit target (1:1 risk/reward) - **T2**: Second profit target (user-defined R:R) --- # Input Settings Deep Dive ## Group 1: Parabolic Exhaustion | Setting | Default | Conservative | Aggressive | Description | |---------|---------|--------------|------------|-------------| | Enable | True | True | True | Turn system on/off | | Lookback Period | 10 | 15 | 5 | Bars analyzed for pattern | | Extension Threshold | 1.5 | 2.0 | 1.0 | ATRs above VWAP for "parabolic" | | Consecutive Green Bars | 3 | 4 | 2 | Minimum green bars required | **Tuning Tips:** - Lower thresholds = more signals but more false positives - Higher thresholds = fewer signals but higher quality - For very volatile penny stocks, consider higher thresholds ## Group 2: VWAP Rejection | Setting | Default | Conservative | Aggressive | Description | |---------|---------|--------------|------------|-------------| | Enable | True | True | True | Turn system on/off | | Rejection Sensitivity | 0.5 | 0.3 | 0.8 | ATR distance for valid rejection | | Show VWAP Line | True | True | True | Display VWAP | | Show VWAP Bands | True | True | True | Display deviation bands | | Band Multiplier | 2.0 | 2.5 | 1.5 | Standard deviations for bands | **Tuning Tips:** - Tighter sensitivity (lower number) = must reject very close to VWAP - Wider bands = less frequent upper band rejections but more significant ## Group 3: Volume Climax | Setting | Default | Conservative | Aggressive | Description | |---------|---------|--------------|------------|-------------| | Enable | True | True | True | Turn system on/off | | Volume MA Length | 20 | 30 | 10 | Baseline volume period | | Climax Volume Multiple | 3.0 | 4.0 | 2.0 | Multiple for "climax" status | | Show Volume Profile | True | True | True | Visual volume bars | **Tuning Tips:** - Higher multiple = only extreme volume spikes trigger - Shorter MA = more responsive to recent volume changes - For highly liquid stocks, consider higher multiples ## Group 4: Momentum Divergence | Setting | Default | Conservative | Aggressive | Description | |---------|---------|--------------|------------|-------------| | Enable | True | True | True | Turn system on/off | | RSI Length | 14 | 21 | 7 | RSI calculation period | | Overbought Level | 70 | 75 | 65 | Threshold for "overbought" | | Divergence Lookback | 14 | 20 | 10 | Bars for swing high detection | **Tuning Tips:** - Lower overbought threshold = more frequent signals - Shorter RSI length = more responsive but noisier ## Group 5: Key Level Rejection | Setting | Default | Description | |---------|---------|-------------| | Enable | True | Master toggle for level system | | Track Premarket High | True | Monitor premarket resistance | | Track HOD Rejection | True | Monitor high of day | | Track Psychological Levels | True | Monitor round numbers | **Tuning Tips:** - Disable premarket tracking if stock doesn't have significant premarket activity - Psychological levels work best on stocks under $10 ## Group 6: Failed Follow-Through | Setting | Default | Conservative | Aggressive | Description | |---------|---------|--------------|------------|-------------| | Enable | True | True | True | Turn system on/off | | Breakout Lookback | 5 | 8 | 3 | Bars defining "recent high" | | Confirmation Bars | 2 | 3 | 1 | Bars to confirm failure | **Tuning Tips:** - Shorter lookback = more breakouts detected but smaller significance - More confirmation bars = higher confidence but later entry ## Group 7: Moving Average Signals | Setting | Default | Conservative | Aggressive | Description | |---------|---------|--------------|------------|-------------| | Enable | True | True | True | Turn system on/off | | Fast EMA | 9 | 12 | 5 | Short-term trend | | Slow EMA | 20 | 26 | 13 | Medium-term trend | | Show EMAs | True | True | True | Display on chart | **Tuning Tips:** - Standard 9/20 works well for most penny stocks - Faster EMAs (5/13) for scalping, slower (12/26) for swing trading ## Group 8: Composite Signal | Setting | Default | Conservative | Aggressive | Description | |---------|---------|--------------|------------|-------------| | Minimum Signals | 3 | 4-5 | 2 | Signals needed for trigger | | Show Dashboard | True | True | True | Display signal table | | Dashboard Position | top_right | - | - | Screen location | **Tuning Tips:** - **Minimum Signals is the most important setting** - Higher minimum = fewer trades but higher win rate - Lower minimum = more trades but more false signals ## Group 9: Risk Management | Setting | Default | Conservative | Aggressive | Description | |---------|---------|--------------|------------|-------------| | Show Stop Levels | True | True | True | Display stop loss | | Stop ATR Multiple | 1.5 | 2.0 | 1.0 | Stop distance in ATRs | | Show Targets | True | True | True | Display profit targets | | Target R:R | 2.0 | 1.5 | 3.0 | Risk:Reward for Target 2 | **Tuning Tips:** - Tighter stops (lower ATR multiple) = less risk but more stop-outs - Higher R:R targets = bigger winners but fewer targets hit ## Group 10: Visual Settings | Setting | Default | Description | |---------|---------|-------------| | Bullish Color | Green | Color for bullish elements | | Bearish Color | Red | Color for bearish/short signals | | Warning Color | Orange | Color for caution signals | | Neutral Color | Gray | Color for inactive elements | --- # Visual Elements Explained ## Chart Overlays ### VWAP Line (Blue) - **Solid blue line** = Volume Weighted Average Price - Price above VWAP = bullish bias - Price below VWAP = bearish bias - **Use**: Short when price rejects from above VWAP ### VWAP Bands (Purple circles) - Upper band = 2 standard deviations above VWAP - Lower band = 2 standard deviations below VWAP - **Use**: Extreme extension to upper band signals potential reversal ### EMAs (Orange and Red) - **Orange line** = Fast EMA (9-period default) - **Red line** = Slow EMA (20-period default) - **Use**: Bearish cross or price rejection from EMAs confirms short ### HOD Line (Red, dashed) - Shows the current day's high - **Use**: Rejection from HOD is a key short signal ### Premarket High (Orange, dashed) - Shows premarket session high - **Use**: Failure to break PM high often signals weakness ## Signal Markers ### Individual Signal Markers (Small) | Shape | Color | Signal | |-------|-------|--------| | ▼ Triangle | Purple | Parabolic Exhaustion | | ✕ X-Cross | Blue | VWAP Rejection | | ◆ Diamond | Yellow | Volume Climax | | ● Circle | Orange | RSI Divergence | | ■ Square | Red | Failed Breakout | ### Composite Short Signal (Large) - **Large red triangle** with "SHORT" text - Only appears when minimum signal threshold is met - This is your primary trading signal ## Risk Level Lines ### Stop Loss (Red line) - Calculated as: Entry + (ATR × Stop Multiple) - Represents maximum acceptable loss - **RESPECT THIS LEVEL** ### Target 1 (Light green line) - First profit target at 1:1 risk/reward - Consider taking partial profits here ### Target 2 (Dark green line) - Second profit target at user-defined R:R - Let winners run to this level ## Background Coloring ### Light Red Background - Appears when composite short signal is active - Indicates you should be looking for shorts, not longs ### Light Purple Background - Appears during extreme parabolic extension - Warning of potential imminent reversal --- # Alert Configuration ## Available Alerts ### 1. Composite Short Signal **Best for**: Primary trading signal ``` Condition: Composite short signal fires Message: "PSSP: Short Signal Triggered - {ticker} at {close}" ``` ### 2. Parabolic Exhaustion **Best for**: Early warning of potential top ``` Condition: Parabolic exhaustion detected Message: "PSSP: Parabolic exhaustion detected on {ticker}" ``` ### 3. Volume Climax **Best for**: Blow-off top identification ``` Condition: Volume climax occurs Message: "PSSP: Volume climax / blow-off top on {ticker}" ``` ### 4. Strong Short Setup (5+ Signals) **Best for**: High-confidence opportunities only ``` Condition: 5 or more signals active Message: "PSSP: STRONG short setup on {ticker}" ``` ### 5. Very Strong Short Setup (6+ Signals) **Best for**: Maximum confidence trades ``` Condition: 6 or more signals active Message: "PSSP: VERY STRONG short setup on {ticker}" ``` ### 6. Failed Breakout **Best for**: Bull trap identification ``` Condition: Failed breakout detected Message: "PSSP: Failed breakout detected on {ticker}" ``` ### 7. Key Level Rejection **Best for**: Resistance level plays ``` Condition: Key level rejection occurs Message: "PSSP: Key level rejection on {ticker}" ``` ## Setting Up Alerts in TradingView 1. Right-click on the chart 2. Select "Add Alert" 3. Set Condition to "Penny Stock Short Signal Pro" 4. Choose your desired alert condition 5. Configure notification method (popup, email, webhook, etc.) 6. Set expiration (or "Open-ended" for permanent) 7. Click "Create" ## Alert Strategy Recommendations ### For Active Day Traders - Enable: Composite Short Signal, Volume Climax - Set to: Popup + Sound - Check frequently during market hours ### For Swing Traders - Enable: Strong Short Setup (5+), Very Strong Short Setup (6+) - Set to: Email + Mobile Push - Review at key times (open, lunch, close) ### For Part-Time Traders - Enable: Very Strong Short Setup (6+) only - Set to: Email + SMS - Only trade highest-conviction setups --- # Trading Strategies ## Strategy 1: The Parabolic Fade **Setup Requirements:** - Parabolic Exhaustion signal ACTIVE - Extension from VWAP ≥ 2.0 ATR - Volume climax or declining volume on push **Entry:** - Short on first red candle after signal - Or short on break below prior candle's low **Stop Loss:** - Above the high of the parabolic move - Maximum: 1.5 ATR above entry **Targets:** - T1: VWAP (take 50% off) - T2: Lower VWAP band or LOD **Best Time:** 9:30-10:30 AM (morning runners) --- ## Strategy 2: VWAP Rejection Short **Setup Requirements:** - VWAP Rejection signal ACTIVE - Price came from below VWAP - Rejection candle has significant upper wick **Entry:** - Short on close below VWAP - Or short on break below rejection candle low **Stop Loss:** - Above VWAP + 0.5 ATR - Or above rejection candle high **Targets:** - T1: Lower VWAP band - T2: Prior support or LOD **Best Time:** Midday (11:00 AM - 2:00 PM) --- ## Strategy 3: HOD Failure Short **Setup Requirements:** - Level Rejection signal ACTIVE (HOD) - Multiple tests of HOD without breakthrough - Volume declining on each test **Entry:** - Short on confirmed HOD rejection - Wait for close below the rejection candle **Stop Loss:** - Above HOD + 0.25 ATR (tight) - Clear invalidation if HOD breaks **Targets:** - T1: VWAP - T2: Morning support levels **Best Time:** 10:30 AM - 12:00 PM --- ## Strategy 4: Volume Climax Fade **Setup Requirements:** - Volume Climax signal ACTIVE - Volume ≥ 3x average on green candle - Followed by bearish candle or upper wick **Entry:** - Short on first red candle after climax - Or short on break below climax candle low **Stop Loss:** - Above climax candle high - Give room for volatility spike **Targets:** - T1: 50% retracement of the run - T2: VWAP or start of the run **Best Time:** First hour of trading --- ## Strategy 5: The Full Composite (High Conviction) **Setup Requirements:** - Composite Short signal ACTIVE - Minimum 4-5 individual signals - Clear visual of signal markers clustering **Entry:** - Short immediately on composite signal - Use market order for fast-moving stocks **Stop Loss:** - Use indicator's automatic stop level - Do not deviate from system **Targets:** - T1: Indicator's T1 level (1:1) - T2: Indicator's T2 level (2:1) **Best Time:** Any time with sufficient signals --- # Risk Management ## Position Sizing Formula ``` Position Size = (Account Risk %) / (Stop Loss %) Example: - Account: $25,000 - Risk per trade: 1% = $250 - Entry: $2.00 - Stop: $2.20 (10% stop) - Position Size: $250 / 10% = $2,500 worth - Shares: $2,500 / $2.00 = 1,250 shares ``` ## Risk Rules ### The 1% Rule Never risk more than 1% of your account on any single trade. For a $25,000 account, max risk = $250. ### The 2x Stop Rule If your stop gets hit twice on the same stock, stop trading it for the day. The pattern isn't working. ### The Daily Loss Limit Set a maximum daily loss (e.g., 3% of account). Stop trading if hit. ### The Size-Down Rule After a losing trade, reduce your next position size by 50%. Rebuild after a winner. ## Short-Specific Risks ### The Short Squeeze - Penny stocks can squeeze violently - ALWAYS use stops - Never "hope" a position comes back - Size appropriately for volatility ### The Hard-to-Borrow - Check borrow availability before trading - High borrow fees eat into profits - Some stocks become HTB mid-trade ### The Halt Risk - Penny stocks can halt on volatility - Position size for worst-case halt against you - Halts can open significantly higher --- # Best Practices ## DO's ✅ **Wait for multiple signals** - Single signals have lower accuracy ✅ **Trade with the trend** - Short when daily trend is down ✅ **Use the dashboard** - Check signal count before entering ✅ **Respect stops** - The indicator calculates them for a reason ✅ **Size appropriately** - Penny stocks are volatile; position small ✅ **Trade liquid stocks** - Volume ≥ 500K daily average ✅ **Know the catalyst** - Understand why the stock is moving ✅ **Take partial profits** - Secure gains at T1 ✅ **Journal your trades** - Track what works and what doesn't ✅ **Time your entries** - Best shorts often come 10:30-11:30 AM ## DON'Ts ❌ **Don't short strong stocks** - If it won't go down, don't force it ❌ **Don't fight the tape** - A stock going up can keep going up ❌ **Don't average up on losers** - Adding to losing shorts is dangerous ❌ **Don't ignore the dashboard** - It exists to help you ❌ **Don't overtrade** - Quality over quantity ❌ **Don't short into news** - Wait for the reaction first ❌ **Don't trade the first 5 minutes** - Too chaotic for reliable signals ❌ **Don't hold overnight** - Penny stock gaps can destroy accounts ❌ **Don't trade without stops** - Ever. ❌ **Don't trade on tilt** - After losses, take a break ## Optimal Trading Windows | Time (ET) | Quality | Notes | |-----------|---------|-------| | 9:30-9:35 | ⭐ | Too volatile, avoid | | 9:35-10:30 | ⭐⭐⭐⭐⭐ | Best shorts, morning runners exhaust | | 10:30-11:30 | ⭐⭐⭐⭐ | Secondary exhaustion, HOD rejections | | 11:30-2:00 | ⭐⭐ | Midday lull, lower quality | | 2:00-3:00 | ⭐⭐⭐ | Afternoon setups develop | | 3:00-3:30 | ⭐⭐⭐⭐ | End of day momentum | | 3:30-4:00 | ⭐⭐ | Closing volatility, risky | --- # Troubleshooting ## Common Issues ### "Signals aren't appearing" - Check that the relevant system is enabled in settings - Ensure minimum signals threshold isn't too high - Verify the stock has sufficient volume for calculations ### "Too many false signals" - Increase minimum signals threshold - Use more conservative settings (see Settings section) - Focus on stocks with cleaner price action ### "Dashboard not showing" - Ensure "Show Signal Dashboard" is enabled - Check that your chart has enough space - Try a different dashboard position ### "VWAP line is missing" - VWAP requires intraday timeframes (1m, 5m, 15m, etc.) - VWAP resets daily; won't show on daily+ charts - Ensure "Show VWAP Line" is enabled ### "Stop loss seems too tight/wide" - Adjust Stop ATR Multiple in Risk Management settings - Lower multiple = tighter stop - Higher multiple = wider stop ### "Alerts not triggering" - Verify alert is set to the correct indicator - Check that alert hasn't expired - Ensure notification settings are configured in TradingView ## Performance Optimization If the indicator is slow: 1. Reduce the number of visual elements shown 2. Disable unused signal systems 3. Use on fewer simultaneous charts 4. Close unused browser tabs --- # Changelog ## Version 1.0 (Initial Release) - 7 core detection systems implemented - Real-time signal dashboard - Automatic risk management calculations - 7 alert conditions - Full visual overlay system - Comprehensive input settings ## Planned Features (Future Updates) - Scanner integration for multi-stock screening - Machine learning signal weighting - Backtesting statistics panel - Volume profile analysis - Level 2 data integration (if available) - Custom timeframe VWAP options --- # Support & Feedback ## Reporting Issues When reporting issues, please include: 1. TradingView username 2. Stock symbol and timeframe 3. Screenshot of the issue 4. Your indicator settings 5. Steps to reproduce ## Feature Requests We welcome suggestions for improving PSSP. Consider: - What specific pattern are you trying to catch? - How would this help your trading? - Any reference examples? --- # Disclaimer **IMPORTANT: This indicator is for educational and informational purposes only.** - Past performance does not guarantee future results - Short selling carries unlimited risk potential - Always use proper position sizing and stop losses - Paper trade before using real capital - The creator assumes no liability for trading losses - Consult a financial advisor before trading **Trade at your own risk.** --- *Penny Stock Short Signal Pro v1.0* *Pine Script v6* *© 2025*
Pine Script®指標
由DayTradingMD1992提供
1
Multi Length Market Structure (BoS + ChoCh)█ OVERVIEW The "Multi Length Market Structure (BoS + ChoCh)" indicator is a technical analysis tool that identifies key pivot points on the chart and signals market structure breaks (Break of Structure - BoS) and changes in market character (Change of Character - ChoCh). It is designed for traders employing market structure-based strategies, enabling the identification of critical support and resistance levels and potential trend reversal points. The indicator offers flexible pivot length settings, customizable colors, and labels, ensuring clarity and precision on the chart. █ CONCEPTS The indicator was developed to simplify the identification of changes in market structure, catering to both short-term and longer-term trading strategies. To this end, it simultaneously displays breakouts for four editable pivot lengths. The lengths represent the delay, measured in the number of candles, after which a pivot is recognized. Pivots with larger values are often turning points on higher timeframes, providing a broader view of the market. Why are BoS and ChoCh important? A Break of Structure (BoS) indicates trend continuation when the price breaks a key level (e.g., a previous high or low). A Change of Character (ChoCh) signals a potential trend reversal when the price breaks a level in the opposite direction of the prior trend. These signals help traders identify moments when the market changes its dynamics, which is crucial for price action strategies. █ FEATURES - Pivot Detection: Identifies pivot points (highs and lows) based on four different pivot lengths (default: 5, 10, 15, 20), enabling market structure analysis with varying sensitivity. - BoS and ChoCh Signals: Generates Break of Structure (BoS) signals in the form of triangles (green for bullish, red for bearish) and Change of Character (ChoCh) signals when the price breaks a key level in the opposite direction of the prior trend. - Pivot Labels: Displays labels for highs (HH - Higher High, LH - Lower High) and lows (HL - Higher Low, LL - Lower Low) with the option to select which pivot to display them for. - Customizable Colors and Styles: Allows configuration of colors for BoS and ChoCh signals and pivot labels. - Alerts: Built-in alerts for BoS and ChoCh signals for each pivot length, including price and signal type descriptions. █ HOW TO USE Adding to the Chart: Add the indicator to your TradingView chart via the Pine Editor or Indicators menu. Configuring Settings: - Pivot Lengths: Set four different pivot lengths (Pivot Length 1-4, default: 5, 10, 15, 20) to adjust the sensitivity of pivot detection. Shorter lengths are more sensitive, while longer lengths are more significant. If you want to use only one length, set all pivot lengths to the same value. - Colors and Styles: Configure colors for BoS signals (green for bullish, red for bearish) and pivot labels. - Labels: Enable/disable the display of HH/HL/LH/LL labels and choose which pivot to display them for (Pivot 1-4 or none). - Signals: BoS and ChoCh signals are displayed as triangles (upward for bullish BoS, downward for bearish). Alerts can be configured for each signal type. Interpreting Signals: - Bullish BoS Signal: A green triangle below the candle indicates a breakout above a previous high, suggesting bullish trend continuation. - Bearish BoS Signal: A red triangle above the candle indicates a breakout below a previous low, suggesting bearish trend continuation. - Bullish ChoCh Signal: A green triangle after breaking a high in a downtrend indicates a potential reversal to bullish. - Bearish ChoCh Signal: A red triangle after breaking a low in an uptrend indicates a potential reversal to bearish. - Pivot Levels: Use pivot points as dynamic support and resistance levels. Levels from longer pivots carry greater significance. Combine signals with other technical analysis tools, such as RSI (to identify overbought/oversold conditions) or MACD (to confirm momentum). Analyze market structure on higher timeframes for stronger signals. Be particularly cautious when entering positions if RSI approaches overbought/oversold zones and divergences appear, as this may indicate a trend change. █ APPLICATIONS - Breakout Strategies: Trade based on BoS signals indicating trend continuation. A BoS signal after breaking a high in an uptrend may suggest a strong bullish impulse, especially when supported by a rising MACD. - Reversal Strategies: ChoCh signals may indicate a potential trend reversal, particularly when confirmed by other indicators, such as RSI divergences or Fibonacci levels.
Pine Script®指標
由Uncle_the_shooter提供
18
RSI and Smoothed RSI Bull Div Strategy [BigBitsIO]This strategy focuses on finding a low RSI value, then targeting a low Smoothed RSI value while the price is below the low RSI in the lookback period to trigger a buy signal. Features Take Profit, Stop Loss, and Plot Target inputs. As well as many inputs to manage how the RSI and Smoothed RSI are configured within the strategy. Explanation of all the inputs Take Profit %: % change in price from position entry where strategy takes profit Stop Loss %: % change in price from position entry where strategy stops losses RSI Lookback Period: # of candles used to calculate RSI Buy Below Lowest Low In RSI Divergence Lookback Target %: % change in price from lowest RSI candle in divergence lookback if set Source of Buy Below Target Price: Source of price (close, open, high, low, etc..) used to calculated buy below % Smoothed RSI Lookback Period: # of candles used to calculate RSI RSI Currently Below: Value the current RSI must be below to trigger a buy RSI Divergence Lookback Period: # of candles used to lookback for lowest RSI in the divergence lookback period RSI Lowest In Divergence Lookback Currently Below: Require the lowest RSI in the divergence lookback to be below this value RSI Sell Above: If take profit or stop loss is not hit, the position will sell when RSI rises above this value Minimum SRSI Downtrend Length: Require that the downtrend length of the SRSI be this value or higher to trigger a buy Smoothed RSI Currently Below: Value the current SRSI must be below to trigger a buy
Pine Script®策略
由BigBitsIO提供
4
Trade Manager + DivergenceTrade Manager + Divergence — Smart Entry & Automated Risk Control Trade Manager + Divergence is a versatile trading strategy that combines automated RSI divergence detection, manual level entries, and a multi‑layered safety‑order system with advanced risk management. It is designed for traders who want precise technical entries supported by fully automated position handling. 🔍 Key Features 1. RSI Divergence Entry Module The strategy automatically detects: Bullish divergence (Higher Low on RSI + Lower Low on price) Bearish divergence (Lower High on RSI + Higher High on price) Additional options include: Divergence strength filtering MA200 trend filter Visual divergence markers on the chart 2. Manual Entry Levels You can define: A manual LONG entry price A manual SHORT entry price Automatic removal of the level after entry Perfect for traders who prefer to work from key zones they identify themselves. 3. Multi‑Level Safety Order System The strategy supports: Initial base order Up to 8 safety orders Volume scaling Step scaling All parameters are fully customizable: Order size Distance between orders Scaling coefficients Maximum number of safety orders 4. Automated Take Profit Take profit is calculated from the average position price: Separate TP settings for LONG and SHORT TP levels displayed directly on the chart 5. Breakeven Mechanism After a specified number of safety orders, the strategy can: Automatically close the position at breakeven Include exchange fees in the calculation 6. Mini Status Panel A compact table in the top‑right corner shows: Position size Position value Number of open trades Current PnL Equity This makes monitoring your position simple and intuitive. ⚙️ Clean and Organized Settings All inputs are grouped into clear sections: General Entry Mode Divergence Settings Manual Levels Risk Management Each parameter includes a tooltip explaining its purpose. 📌 Disclaimer This script does not guarantee profits and is not financial advice. Always test strategies on historical data and use proper risk management.
Pine Script®策略
由olegask68提供
Eclipse Multi-Oscillator [JOAT]Eclipse Multi-Oscillator - Unified Momentum Confluence System Introduction and Purpose Eclipse Multi-Oscillator is an open-source indicator that combines four classic oscillators (RSI, Stochastic, CCI, and Williams %R) into a single unified view with confluence detection. The core problem this indicator solves is oscillator disagreement: traders often see RSI oversold while Stochastic is neutral, or CCI overbought while Williams %R is mid-range. This creates confusion about the true momentum state. This indicator addresses that by displaying all four oscillators together and counting how many agree on overbought or oversold conditions, providing a clear confluence score that cuts through the noise. Why These Four Oscillators Work Together Each oscillator measures momentum differently, and their combination provides a more complete picture: 1. RSI (Relative Strength Index) - Measures the magnitude of recent price changes. Best at identifying momentum exhaustion. 2. Stochastic - Compares closing price to the high-low range. Best at identifying where price is within its recent range. 3. CCI (Commodity Channel Index) - Measures price deviation from statistical mean. Best at identifying unusual price movements. 4. Williams %R - Similar to Stochastic but inverted. Provides confirmation of Stochastic readings. When 3 or more of these oscillators agree on overbought or oversold, the signal is significantly more reliable than any single oscillator alone. How Confluence Scoring Works The indicator counts how many oscillators are in extreme territory: int obCount = 0 if rsi > rsiOB obCount += 1 if stochK > stochOB obCount += 1 if cci > cciOB obCount += 1 if willRScaled > stochOB obCount += 1 bool strongOverbought = obCount >= 3 bool strongOversold = osCount >= 3 The confluence score ranges from -4 (all oversold) to +4 (all overbought), with 0 being neutral. Signal Types Strong Oversold - 3+ oscillators below oversold threshold (potential bounce) Strong Overbought - 3+ oscillators above overbought threshold (potential pullback) OB/OS Exit - RSI leaving extreme zone with Stochastic confirmation (potential reversal) Divergence - Price makes new high/low while RSI does not (potential reversal warning) Dashboard Information RSI/Stoch K/CCI/Will %R - Current values with zone status (OB/OS/MID) Confluence - Overall bias (STRONG OS, STRONG OB, Lean Bull/Bear, Neutral) OB Count - How many oscillators are overbought (0-4) OS Count - How many oscillators are oversold (0-4) How to Use This Indicator For Reversal Trading: 1. Wait for Strong Oversold (3+ oscillators agree) 2. Look for bullish candlestick pattern or support level 3. Enter long with stop below recent low 4. Take profit when confluence returns to neutral or overbought For Trend Confirmation: 1. Check confluence direction matches your trade bias 2. Avoid longs when confluence is strongly overbought 3. Avoid shorts when confluence is strongly oversold For Divergence Trading: 1. Watch for "D" labels indicating RSI divergence 2. Bullish divergence at support = potential long 3. Bearish divergence at resistance = potential short Input Parameters RSI Length (14) - Period for RSI calculation Stochastic K/D Length (14/3) - Periods for Stochastic CCI Length (20) - Period for CCI Williams %R Length (14) - Period for Williams %R OB/OS Thresholds - Customizable levels for each oscillator Timeframe Recommendations 15m-1H: Good for intraday momentum analysis 4H-Daily: Best for swing trading confluence Very short timeframes may produce noisy signals Limitations All oscillators can remain in extreme territory during strong trends Confluence does not predict direction, only identifies extremes Divergence detection is simplified and may miss some patterns Works best in ranging or moderately trending markets Open-Source and Disclaimer This script is published as open-source under the Mozilla Public License 2.0 for educational purposes. The source code is fully visible and can be studied. This indicator does not constitute financial advice. Oscillator confluence does not guarantee reversals. Past performance does not guarantee future results. Always use proper risk management. - Made with passion by officialjackofalltrades
Pine Script®指標
由officialjackofalltrades提供
Victoria RSI Hybrid Pro – Momentum + Volume + DivergenceConditions and Actions: RSI > 50 → Bullish regime → Consider Calls RSI < 50 → Bearish regime → Consider Puts RSI crosses up → Momentum shift up → Buy confirmation RSI crosses down → Momentum shift down → Sell confirmation RSI > 70 → Overbought → Take profits RSI < 30 → Oversold → Watch for reversal Bullish divergence → Hidden upward momentum → Reversal watch Bearish divergence → Hidden downward momentum → Reversal watch 4. Multi-Indicator Confirmation Rules Combine signals from EMA, SMA, RSI, and Volume to identify high-confidence trades. Rules: Triple Green → EMA1>SMA3, RSI>50, Volume Up → Buy Calls / Shares Triple Red → EMA1 70 + Weak Volume → Exit Calls early EMA1 flips direction + Strong Volume → Confirm bias immediately RSI on 1H agrees with main chart → Trend continuation likely 6. Timeframes Scalps: 1m–5m Next-Day Options: 15m–1H Swings: 4H–1D 7. Key Mindset Rules Patience beats prediction. Wait for confirmations. Volume confirms conviction, not direction. If RSI and Overlay disagree → No trade. Only act when 2 of 3 systems (EMA, RSI, Volume) align.
Pine Script®指標
由selectingocean5提供
Adaptive Volume-Weighted RSI (AVW-RSI)Concept Summary The AVW-RSI is a modified version of the Relative Strength Index (RSI), where each price change is weighted by the relative trading volume for that period. This means periods of high volume (typically driven by institutions or “big money”) have a greater influence on the RSI calculation than periods of low volume. Why AVW-RSI Helps Traders Avoids Weak Signals During Low Volume Standard RSI may show overbought/oversold zones even during low-volume periods (e.g., during lunch hours or after news). AVW-RSI gives less weight to these periods, avoiding misleading signals. Amplifies Strong Momentum Moves If RSI is rising during high volume, it's more likely driven by institutional buying—AVW-RSI reflects that stronger by weighting the RSI component. Filters Out Retail Noise By prioritizing high-volume candles, it naturally discounts fakeouts caused by thin markets or retail-heavy moves. Highlights Institutional Entry/Exit Useful for spotting hidden accumulation/distribution that classic RSI would miss. How It Works (Calculation Logic) Traditional RSI Formula Recap RSI = 100 - (100 / (1 + RS)) RS = Average Gain / Average Loss (over N periods) Modified Step – Apply Volume Weight For each period Gain_t = max(Close_t - Close_{t-1}, 0) Loss_t = max(Close_{t-1} - Close_t, 0) Weight_t = Volume_t / AvgVolume(N) WeightedGain_t = Gain_t * Weight_t WeightedLoss_t = Loss_t * Weight_t Weighted RSI AvgWeightedGain = SMA(WeightedGain, N) AvgWeightedLoss = SMA(WeightedLoss, N) RS = AvgWeightedGain / AvgWeightedLoss AVW-RSI = 100 - (100 / (1 + RS)) Visual Features on Chart Line Color Gradient Color gets darker as volume weight increases, signaling stronger conviction. Overbought/Oversold Zones Traditional: 70/30 Suggested AVW-RSI zones: Use dynamic thresholds based on historical volatility (e.g., 80/20 for high-volume coins). Volume Spike Flags Mark RSI turning points that occurred during volume spikes with a special dot/symbol. Trading Strategies with AVW-RSI 1. Weighted RSI Divergence Regular RSI divergence becomes more powerful when volume is high. AVW-RSI divergence with volume spike is a strong signal of reversal. 2. Trend Confirmation RSI crossing above 50 during rising volume is a good entry signal. RSI crossing below 50 with high volume is a strong exit or short trigger. 3. Breakout Validation Price breaking resistance + AVW-RSI > 60 with volume = Confirmed breakout. Price breaking but AVW-RSI < 50 or on low volume = Potential fakeout. Example Use Case Stock XYZ is approaching a resistance zone. A trader sees: Standard RSI: 65 → suggests strength. Volume is 3x the average. AVW-RSI: 78 → signals strong momentum with institutional backing. The trader enters confidently, knowing this isn't just low-volume hype. Limitations / Tips Works best on liquid assets (Forex majors, large-cap stocks, BTC/ETH). Should be used alongside price action and volume analysis—not standalone. Periods of extremely high volume (news events) might need smoothing to avoid spikes.
Pine Script®指標
由SupertradeOfficial提供
2
Fakeout Filter📈 Fakeout Filter by ARV 🔍 Overview: The Fakeout Filter is a smart breakout validation tool designed to help traders avoid false breakouts and focus only on high-probability breakout trades. This indicator combines price action, volume analysis, RSI divergence detection, and OBV trend confirmation to filter out noise and improve your entries. ⚙️ Key Features: ✅ Breakout Detection Detects when the price closes above a user-defined resistance level. ✅ Volume Spike Confirmation Confirms breakouts only if there’s a significant increase in volume (customizable via settings). ✅ RSI Bearish Divergence Filter Warns you of bearish RSI divergence, which often signals fakeouts during breakouts. ✅ OBV Trend Confirmation Ensures On-Balance Volume (OBV) is rising, aligning volume flow with price movement. ✅ EMA Filter (Trend Confirmation) Adds a safety filter using Exponential Moving Average (EMA) to ensure price action aligns with the short-term trend. 📌 How to Use: Set Resistance Level: In the indicator settings, input a key resistance level (manual input based on your chart analysis). Watch for Signals: A green background and “Breakout” label appear when: Price closes above the resistance. Volume is significantly higher than average. OBV is rising. No bearish RSI divergence is detected. Price is above the EMA (trend confirmation). Entry Suggestion: Consider entering long positions only when the breakout label appears. For additional confirmation, wait for a retest of the resistance as support before entering. 🔧 Settings: Resistance Level – Manually set the level you're watching. Volume Multiplier – Adjusts sensitivity to volume spikes (default: 1.5x average). RSI Period – RSI used for divergence detection (default: 14). EMA Period – For trend direction confirmation (default: 21). ✅ Best Use Cases: Scalpers and intraday traders avoiding fakeouts on 5m–1H timeframes. Swing traders validating breakout setups. BTC, ETH, and major altcoins in consolidation or breakout zones. ⚠️ Disclaimer: This tool is for educational purposes only. Always combine it with your own market analysis and risk management.
Pine Script®指標
由joycfg提供
1
RSI-Volume Momentum Signal ScoreRSI-Volume Momentum Signal Score Description The RSI-Volume Momentum Signal Score is a predictive technical indicator designed to identify bullish and bearish momentum shifts by combining volume-based momentum with the Relative Strength Index (RSI). It generates a Signal Score derived from: • The divergence between short-term and long-term volume (Volume Oscillator), and • RSI positioning relative to a user-defined threshold. This hybrid approach helps traders detect early signs of price movement based on volume surges and overbought/oversold conditions. The Signal Score is computed as follows: Signal Score = Volume Momentum x RSI Divergence Factor Volume Momentum = tanh ((Volume Oscillator value (vo) – Volume Threshold)/Scaling Factor) RSI Divergence Factor = ((RSI Threshold – RSI Period)/Scaling Factor) Or, Signal Score = tanh((vo - voThreshold) / scalingFactor) * ((rsiThreshold - rsi) / scalingFactor) The logic of this formula are as follows: • If Volume Oscillator >= Volume Threshold and RSI <= RSI Threshold: Bullish Signal (+1 x Scaling Factor) • If Volume Oscillator >= Volume Threshold and RSI >= (100 – RSI Threshold): Bearish Signal (-1 x Scaling Factor) • Otherwise: Neutral (0) The tanh function provides the normalization process. It ensures that the final signal score is bounded between -1 and 1, increases sensitivity to early changes in volume patterns based on RSI conditions, and prevent sudden jumps in signals ensuring smooth and continuous signal line. Input Fields The input fields allow users to customize the behavior of the indicator based on their trading strategy: Short-Term Volume MA - Default: `2` - Description: The period for the short-term moving average of volume. - Purpose: Captures short-term volume trends. Long-Term Volume MA) - Default: `10` - Description: The period for the long-term moving average of volume. - Purpose: Captures long-term volume trends for comparison with the short-term trend. RSI Period) - Default: `3` - Description: The period for calculating the RSI. - Purpose: Measures the relative strength of price movements over the specified period. Volume Oscillator Threshold - Default: `70` - Description: The threshold for the Volume Oscillator to determine significant volume momentum. - Purpose: Filters out weak volume signals. RSI Threshold - Default: `25` - Description: The RSI level used to identify overbought or oversold conditions. - Purpose: Helps detect potential reversals in price momentum. Signal Scaling Factor - Default: `10` - Description: A multiplier for the signal score. - Purpose: Adjusts the magnitude of the signal score for better visualization. How To Use It for Trading: Upcoming Bullish Signal: Signal line turns from Gray to Green or from Green to Gray Upcoming Bearish Signal: Signal line turns from Gray to Red or from Red to Gray Note: The price that corresponds to the transition of Signal line from Gray to Green or Red and vise versa is the signal price for upcoming bullish or bearish signal. The signal score dynamically adjusts based on volume and RSI thresholds, making it adaptable to various market conditions, and this is what makes the indicator unique from other traditional indicators. Unique Features Unlike traditional indicators, this indicator combines two different dimensions—volume trends and RSI divergence—for more comprehensive signal generation. The use of tanh() to scale and smooth the signal is a mathematically elegant way to manage signal noise and highlight genuine trends. Traders can tune the scaling factor and thresholds to adapt the indicator for scalping, swing trading, or longer-term investing.
Pine Script®指標
由DexterMGarcia提供
1
RSI ATR Range [SS]Hey everyone, Over the course of the last year I had a bunch of requests to do something with RSI. I did do an RSI expected move plotter, but the requests were to overhaul RSI and make it better I guess. So here is my attempt! This is the RSI ATR plotter. Its similar to my RSI expected move plotter, however, it gives you the ATR ranges associated with the current RSI value. This allows you to conceptualize RSI in a different way. Instead of looking for "oversold" over "overbought", you can actually just see the expected high to open range and the expected open to low range based on the current RSI. This will allow you to determine such things as: a) Is it likely to be bullish? b) Is it likely to be bearish? c) The average move, in a dollar amount, associated with this RSI. In addition to presenting RSI in terms of ranges as opposed to the actual RSI value, the indicator will also signal likely reversal areas. Whenever there is a huge spike in RSI and range, whether it be up or down, this generally corresponds to an imminent reversal. The indicator is programmed to recognize this and plot little grey circles to notify you of an impending reversal. Let's take a look at some reversal examples using NVDA: In the chart above, we can see that the RSI signaled a reversal. As it was part of a downtrend, the reversal was bullish. Let's look at a top reversal: The chart above shows a likely downside reversal. And some little bounce reversals here and there: In addition to showing you the ATR range and reversals, the indicator will show you the RSI in a bar graph format: You won't be able to look for RSI divergences, if you are a believer of those. However, you can definitely visualize them in the ATR ranges which are directly affected by the RSI readings. Aspects of the indicator: Bull ranges are displayed in green. Bear ranges are displayed in red. When green is present we know its entering or currently in a bullish RSI range: Inversely, when it starts to shift red, we know we are entering a bearish RSI range: There is a border that circles the range. It will be green when we are in a bullish range and red when we are in a bearish range. In addition to these 2 signals, the RSI bar chart itself will turn green in bullish ranges, and red in bearish ranges. Here is bullish: Here is bearish: Customizability You can customize the Source input for the RSI (default is close). As well as the length (default is 14). The ATR length is defaulted to 500. My suggestion is to leave this be. You can increase it but I would not suggest decreasing it as it may omit some of the RSI ranges from its history. And that is the indicator my friends! Hope you enjoy! As always, safe trades!
Pine Script®指標
由Steversteves提供
5
UM-Relative Strength Index with Trending EMA and Fill Description This is a different take on the traditional RSI - Relative Strength Index. This indicator turns the RSI line green when above 50 and red when below 50 making directional changes highly visual. Additionally, an exponential Moving Average is drawn of the RSI. The EMA is green when trending higher and red when trending lower. The area between the RSI and EMA lines are green when the RSI is above the RSI EMA and red when the RSI is below the EMA. About The RSI by itself is a good tool to determine trend with the colors. It can also be used to determined overbought and oversold extremes. The EMA of the RSI is a smoothing technique. The indicator can also be used to determine trend with the directional color changes. Recommended Usage I look for crossovers; bullish crossovers when the RSI crosses above the EMA AND the RSI crosses above 50. A bearish crossover is when the RSI crosses down through the EMA AND crosses below 50. It can also be used for trade confirmation; for example if the RSI EMA is green consider staying long. The indicator works on any timeframe and any security. I use it on smaller timeframes, 3 minute, 1 hour, and 3 hour, to better time entries/exits. Default settings The defaults are the author's preferred settings: - RSI period is 10 using the open, high, low, and close for calculation. The additional data points using the OHLC give smoother effect. - The EMA used by default is 34. All parameters and colors are user-configurable. Alerts Alerts can be set on the indicator itself and/or alert on color changes of the EMA. Helpful Hints: Look for positive or negative crossovers. Look for crosses above or below 50 Look for RSI divergences, for example if a security hits a new high, the RSI does not, this a sign of subtle weakness. Draw trend lines on the RSI line. A violation of a recent trend line may indicate a change of trend for the security.
Pine Script®指標
由UnderwearMillionaire提供