BskLAB® - Signals & Overlays This indicator is designed for short-term swing trading, ideal for traders aiming to capture quick profits of around 50 pips per trade.
✅ Optimized for XAUUSD (Gold)
✅ Best used on the 5-minute timeframe (M5)
✅ Focuses on detecting short-term trend reversals and aligning with the main trend
Perfect for scalpers and intraday traders looking to minimize false signals and enter trades with high precision, even in volatile market conditions.
在腳本中搜尋"swing trading"
ZEN ALL IN ONE 🍵This custom indicator is a fusion of market structure, value zones, and institutional footprints — combining Moving Averages (MA's), the Volume-Weighted Average Price (VWAP), and Fair Value Gaps (FVG's) into a cohesive analytical tool designed for traders who seek precision, timing, and deeper insight into market behavior.
Moving Averages (MA’s):
At the foundation of this tool are dynamic Moving Averages that adapt to price evolution over time. Whether you're identifying long-term trends with higher-period MA's or short-term momentum shifts with faster ones, these lines serve as the backbone of directional bias — smoothing out noise and highlighting the core movement of the market. They help reveal whether the current environment favors continuation or reversal, offering a clear lens through which to interpret price action.
VWAP (Volume Weighted Average Price):
Layered atop this structure is the VWAP — a true measure of value and institutional sentiment. Unlike simple averages, VWAP accounts for volume at price, showing where the majority of trading activity has taken place. It acts as a gravitational center — a magnet for price in range-bound markets, and a dividing line in trending conditions. Professional traders and institutions often use VWAP as a benchmark, and when price deviates too far from it, mean reversion or breakout behaviors tend to emerge. This tool integrates VWAP to give you the "true price" — the one backed by volume and consensus.
Fair Value Gaps (FVG’s):
But value alone isn’t enough — we also need to know where price should return. That’s where Fair Value Gaps come in. These imbalances, often created by aggressive institutional moves, highlight inefficiencies in price delivery. When price moves too fast, it often skips levels — leaving behind areas where few or no trades occurred. These gaps are not just artifacts of speed — they’re magnets for future price action. By visualizing these FVGs, this indicator lets you anticipate retracements, identify liquidity zones, and spot potential reversal or continuation points before the crowd.
Together, a Unified Lens:
By combining these three elements — MA's for trend, VWAP for value, and FVG's for imbalance — this indicator becomes more than the sum of its parts. It's a roadmap that shows you where price is, where it’s likely to go, and where it should go. Whether you're day trading momentum or swing trading structure, this hybrid model provides multiple layers of confluence to refine your entries, exits, and overall market bias.
Trade with clarity. Trade with alignment. Trade where structure meets story.
BSKLAB - Signal M5 v1.2This indicator is designed for short-term swing trading, ideal for traders aiming to capture quick profits of around 50 pips per trade.
✅ Optimized for XAUUSD (Gold)
✅ Best used on the 5-minute timeframe (M5)
✅ Focuses on detecting short-term trend reversals and aligning with the main trend
Perfect for scalpers and intraday traders looking to minimize false signals and enter trades with high precision, even in volatile market conditions.
Advanced VW SMI w/ Divergence, Confirmations & TableVolume-Weighted SMI with Dynamic Divergence and Confirmation
Description:
This advanced indicator combines the Stochastic Momentum Index (SMI) with volume weighting, dynamic overbought/oversold bands, and robust divergence detection to help you spot true momentum reversals confirmed by volume, trend, and momentum.
Features
Volume-Weighted SMI
The SMI is amplified or dampened based on normalized volume, filtering out low-interest price moves and highlighting those with real conviction.
Dynamic OB/OS Bands
Overbought and oversold levels adapt automatically to current volatility and trend using moving average and standard deviation bands, keeping signals relevant across all market regimes.
Divergence Detection with Visuals
Real-time bullish and bearish divergence signals are drawn right on the SMI line, including lines and labels, making reversal setups easy to spot.
Triple Confirmation
Divergence signals are filtered by:
Volume surge (user adjustable)
RSI extremes (oversold/overbought)
Higher timeframe trend (optional EMA filter)
Customizable Volume Weighting
Adjust how much influence volume has on SMI signals—tune sensitivity to your market and style.
Performance Table
Track bullish/bearish divergence counts in real time.
How to Use
Add to your chart.
(Move to a separate pane for best results.)
Adjust settings to fit your market (lengths, volume power, trend filter, etc.).
Watch for colored SMI moves outside dynamic bands for momentum extremes.
Look for divergences marked by arrows, lines, and labels on the SMI.
Use table count for an overview of signal frequency.
Tips
Works on all timeframes; try adjusting dynamic band length for higher timeframes.
For scalping, lower the SMI and pivot lengths.
For swing trading, enable trend and volume confirmations for higher confidence.
Use with other price action signals for best results.
Created with Pine Script v5.
If you find this helpful, please give it a like or comment!
400 REBEX SUPER BUY MAs, BB, and TriggersFor Swing Trading, use on higher TF only. TABLE is provided for easy reference. buy signal based on price crossing lower bollinger band or Price cross cross under 3 MAs. Good for large caps. // check fundamentals always for swing trading //
500 SUPER 20 AND 67% EMA TABLE volRIndicator for swing trading , higher timeframes . Table provides the data of fall from recent high. (BUY Low and SELL high)
Combined ATPC & MACD DivergenceTrend Optimizer + Divergence Finder in One Unified Tool
🔍 Overview:
This powerful dual-system indicator merges two proven analytical engines:
✅ The Algorganic Typical Price Channel (ATPC) — a custom trend oscillator that highlights mean-reversion and directional bias.
✅ A refined MACD system with divergence detection, enhanced with an adjusted Donchian midline for real-time trend strength filtering.
Together, they provide a high-confidence, multi-signal system ideal for swing trading, scalping, or confirming reversals with context.
⚙️ Core Components & Logic
🧠 1. ATPC Engine (Trend Commodity Index)
A momentum and volatility-normalized oscillator based on the typical price (H+L+C)/3:
TrendCI Line (Blue) – Main trend signal based on smoothed CCI logic.
TrendLine2 (Orange) – A slower smoothing of TrendCI for crossovers.
Key Zones (customizable):
🔴 Ultra Overbought: +73
🟣 Overbought: +58
🟣 Oversold: -58
🔴 Ultra Oversold: -73
Trade Logic:
✅ Buy Signal: TrendCI crosses above TrendLine2 while in oversold zone
❌ Sell Signal: TrendCI crosses below TrendLine2 while in overbought zone
Additional visual feedback:
Histogram Bars show strength and direction of momentum shift
Green/Red Circles highlight potential long/short setups
📉 2. MACD System + Divergence Finder
Classic MACD enhanced with a Donchian Midline overlay to filter trend bias.
🔷 MACD Line and 🟠 Signal Line show crossover momentum
🟩/🟥 Histogram shows distance from the signal line
🟪 Adjusted Donchian Midline dynamically adapts to range-bound vs trending environments
Background Color provides real-time trend state:
✅ Green = Bullish Trend
❌ Red = Bearish Trend
No color = Neutral / Choppy
MACD Boundaries (user-defined):
Overbought: +1.0
Oversold: -1.0
🔀 3. Divergence Detection
Spot hidden power shifts before price reacts:
🔼 Positive Divergence – Price makes lower lows, but MACD histogram rises
🔽 Negative Divergence – Price makes higher highs, but MACD histogram weakens
These are visually marked with:
Green “+Div” label (bullish reversal cue)
Red “–Div” label (bearish exhaustion signal)
🎯 How to Use It
For Trend Traders:
Stay in sync with macro trend using MACD histogram + background
Use ATPC crossovers for precision entries
Avoid signals during neutral background (chop filter)
For Reversal Traders:
Look for bullish +Div with ATPC buy signal in oversold zone
Look for bearish –Div with ATPC sell signal in overbought zone
Mid-Donchian line can act as confluence or breakout trigger
For Scalpers & Intraday Traders:
Combine with VWAP, liquidity zones, or order flow levels
ATPC crossovers + MACD histogram zero-line flip = potential scalp entry
Use histogram slope and divergence to avoid false momentum traps
🧩 Customizable Inputs
🎛️ ATPC: Channel & Smoothing lengths, overbought/oversold thresholds
🎛️ MACD: Fast/slow EMAs, signal smoothing, Donchian period, bounds
🎨 Fully theme-compatible with adjustable colors and line styles
🔔 Alerts (Add Your Own)
While this version doesn’t contain built-in alerts, you can easily add alerts based on:
buySignal or sellSignal from ATPC logic
Histogram cross zero or trend flip
MACD Divergence event
📜 “This indicator doesn't just show signals—it tells a story about who’s in control of the market, and when that control might be slipping.”
Candle Count RSI📈 Candle Count RSI — A Dual-Perspective Momentum Engine
The Candle Count RSI is a custom-built momentum oscillator that expands on the classic Relative Strength Index (RSI) by introducing a directional-only variant that tracks the frequency of bullish or bearish closes, rather than price magnitude. It gives traders a second lens through which to evaluate momentum, trend conviction, and subtle divergences—often invisible to traditional price-based RSI.
💡 What Makes It Unique?
While the standard RSI is sensitive to the size of price changes, the Candle Count RSI is magnitude-blind. It counts candle closes above/below open over a lookback period, generating a purer signal of directional consistency. To enhance signal fidelity, it includes a streak amplifier, dynamically weighting extended runs of green or red candles to reflect intensity of market bias—without introducing artificial price sensitivity.
This dual-RSI approach allows for:
- Divergence detection between directional bias and price magnitude.
- Smoother trend confirmation in choppy markets.
- Cleaner visual cues using dynamic glow and background logic.
📐 How Standard RSI Actually Works (Not What You Think)
RSI doesn’t just check if price went up or down over a span—it checks each individual candle and tracks whether it closed higher or lower than the one before. Here's how it works under the hood:
1.) For each bar, it calculates the change from the previous close.
2.) It separates those changes into gains (upward moves) and losses (downward moves).
3.) Then it computes a smoothed average of those gains and losses (usually using an RMA).
4.) It calculates the Relative Strength (RS) as:
RS = AvgGain / AvgLoss
5.) Finally, it plugs that into the RSI formula:
RSI = 100 - (100 / (1 + RS))
⚖️ What Does the 50 Line Mean?
- The RSI scale runs from 0 to 100, but 50 is the true neutral zone:
- RSI > 50 means average gains outweigh average losses over the period.
- RSI < 50 means losses dominate.
- RSI ≈ 50? The market is balanced—momentum is indecisive, no clear trend bias.
- This makes 50 a powerful midline for trend filters, directional bias tools, and divergence detection—especially when paired with alternative RSI logic like Candle Count RSI.
🔧 Inputs and Customization
- Everything is fully modular and customizable:
🧠 Core Settings
- RSI Length: Used for both the standard RSI and Candle Count RSI.
📉 Standard RSI
- Classic RSI calculation based on price changes.
- Optional WMA smoothing to reduce noise.
- Glow effect toggle with custom intensity.
🕯 Candle Count RSI
- Computes RSI using only the count of up/down candles.
- Optional smoothing for stability.
- Amplifies streaks (e.g., multiple consecutive bullish candles increase strength).
- Glow effect toggle with adjustable strength.
🎇 Glow Visuals
- Background glow (subpane and/or main chart).
- Fades based on RSI distance from the 50 midpoint.
- Independent color settings for bull and bear bias.
🧬 Divergence Zones
- Detects when Candle RSI and Standard RSI diverge.
- Highlights:
- Bullish Divergence: Candle RSI > 50, Standard RSI < threshold.
- Bearish Divergence: Candle RSI < 50, Standard RSI > threshold.
- Background fill optionally shown in subpane and/or main chart.
📊 Directional Histogram
- MACD-style histogram showing the difference between the two RSI lines.
- Color-coded based on directional agreement:
- Both rising → green.
- Both falling → red.
- Conflict → yellow.
🧠 Under the Hood — How It Works
🔹 Standard RSI
- Classic ta.rsi() applied to close prices, optionally WMA-smoothed.
🔹 Candle Count RSI (CCR)
- Counts how many candles closed up/down over the period.
- Computes a magnitude-free RSI from these counts.
- Applies a streak-based multiplier to exaggerate trend strength during consecutive green/red runs.
- Optionally smoothed with WMA to create a clean signal line.
- This makes CCR ideal for detecting true directional bias without being faked out by volatile price spikes.
🔹 Divergence Logic
- When Candle RSI and Standard RSI disagree strongly across defined thresholds, background fills highlight early signs of momentum decay or hidden accumulation/distribution.
🔹 Glow Logic
- Glow zones are controlled by a master toggle and drawn with dynamic transparency:
- Further from 50 = stronger conviction = darker glow.
- Shows up in subpane and/or main chart depending on user preference.
📷 Suggested Use Case / Visual Setup
- Use in conjunction with your primary price action system.
- Watch for divergences between the Candle Count RSI and Standard RSI for early trend reversals.
- Use glow bias zones on the main chart to get subconscious directional cues during fast scalping.
- Histogram helps you confirm when both RSI variants agree—useful during strong trending conditions.
🛠️ Tip for Traders
- This tool isn’t trying to “predict” price. It’s designed to visualize hidden market psychology—when buyers are showing up with consistent pressure, or when momentum has a disconnect between conviction and magnitude. Use this to filter entries, spot weak rallies, or sense when a trend is about to break down.
⚠️ WARNING
- Not for use with Heikin Ashi, Renko, etc.).
🧠 Summary
Candle Count RSI is not just another mashup—it's a precision-built, dual-perspective oscillator that captures directional conviction using real candle behavior. Whether you're scalping intraday or swing trading momentum, this script helps clarify trend integrity and exposes hidden weaknesses with elegance and clarity.
—
🛠️ Built by: Sherlock_MacGyver
Feel free to share feedback or reach out if you'd like to collaborate on custom features.
4 EMA Dr_No_Lambo 4 Baller🔵🟢🟡🔴 4 EMA Trend Signal Indicator with Alerts
Author: Dr_Lambo
Script Name: 4 EMA Indicator with Alerts
📌 Overview
This indicator plots four key EMAs (Exponential Moving Averages) commonly used by professional traders to identify trend strength, momentum shifts, and dynamic support/resistance zones.
EMA 8 – 🔵 Blue: Short-term price action
EMA 13 – 🟢 Green: Trend confirmation line
EMA 21 – 🟡 Yellow: Medium-term trend guide
EMA 55 – 🔴 Red: Long-term trend anchor
🚨 Alert System
Built-in alerts for key crossovers:
✅ Buy Alert – When EMA 8 crosses above EMA 13
❌ Sell Alert – When EMA 8 crosses below EMA 13
These alerts help traders catch early trend shifts without staring at charts all day.
🧠 How to Use
Bullish Bias: All EMAs aligned upwards (8 > 13 > 21 > 55)
Bearish Bias: All EMAs aligned downwards (8 < 13 < 21 < 55)
Use crossover alerts for potential entry signals, and EMA 21/55 as dynamic stop or exit zones.
⚙️ Ideal For:
Trend traders
Intraday and swing trading
Forex, Gold, Crypto, Stocks
Absorption with CVD vs Price Divergence [by Oberlunar]Dear Traders, let me walk you through what this indicator really does — and why you should care. I call it “Absorption with CVD vs Price Divergence”, and it’s designed to help you spot those moments when the market is saying one thing… but doing another.
What I’m looking for here are zones of absorption — those sneaky areas where aggressive buying or selling appears to be happening, but price just won’t budge like it should. Ever seen price slowly climbing, yet it feels like it’s dragging its feet? Or dropping like a rock, but with buyers quietly piling in underneath? That’s absorption — and it’s the fingerprint of big players doing business without making too much noise.
Now here’s the twist: I combine that with CVD — cumulative volume delta — which is like a lie detector for price action. CVD tells us whether market orders are truly pushing in a direction, or if the move is all smoke and no fire. When price goes up but CVD diverges and starts dropping? That’s a bearish divergence. And when price dips but CVD quietly climbs? Bullish divergence.
But I don’t stop there. I also measure absorption intensity using a standardized score — good ol’ σ (sigma). The higher the sigma, the more unusual and aggressive the absorption. When this sigma score is high and we’ve got divergence between price and CVD? Boom — we’ve found a potential absorption zone.
These zones are drawn right on the chart as colorful rectangles — purple for bearish, yellow for bullish — and you can customize the colors and transparency to fit your aesthetic (because yes, trading should look good too). They’re not just signals, they’re areas to watch — spots where the market may be gearing up for a reversal, or hiding accumulation/distribution in plain sight.
If you want, I’ve also added a live signal table and alert conditions, so you won’t miss a thing — whether you’re scalping, swing trading, or just enjoying the show.
Bottom line? This tool doesn’t tell you what to do — it tells you where to look. Think of it as your market microscope.
Happy trading, and may your entries be tight and your exits legendary.
— Oberlunar 👁️✨
======================= Some specifics...
Absorption (σ) is calculated by taking the volume of a candle and dividing it by the absolute body size of the candle (open-close), then normalizing it over the price to account for scale. This gives us a crude measure of volume per unit of price movement. That value is then standardized using a 50-bar rolling standard deviation, turning it into a sigma score — a measure of how statistically “unusual” the current absorption is compared to recent behavior.
CVD is calculated in a simplified way by summing the volume of up-close candles and subtracting the volume of down-close candles — effectively:
CVD = cumulative sum of (volume if close > close ) - (volume if close < close )
Divergence detection uses a rolling window to compare price highs/lows with CVD highs/lows. A bullish divergence occurs when price makes a new low within the window but CVD does not; a bearish divergence occurs when price makes a new high but CVD fails to confirm it. A tolerance value is used to handle small differences in wick precision.
If and only if a divergence is detected and the sigma score is above your defined threshold, the algorithm will draw a box on the chart to visually represent this potential absorption zone.
🔧 Input Parameters (all adjustable from the settings panel):
Minimum Sigma Absorption — the minimum σ value required to validate absorption (default: 1)
Divergence Window — how far back to look for price/CVD highs and lows (default: 37 bars)
Divergence Price Tolerance — how close current price must be to high/low to count (default: 0.2)
Area Size — number of bars the absorption box should last (default: 500 bars)
Area Bearish Absorption Color — color for bearish absorption zones (default: purple)
Area Bullish Absorption Color — color for bullish absorption zones (default: yellow)
Area Bearish Transparency — from 0 (solid) to 100 (invisible), default: 80
Area Bullish Transparency — same, default: 80
Show Absorption Boxes — toggle zone rendering on/off
Show Signal Table — toggle table showing latest signals
Show Sigma Value — toggle display of σ labels inside the boxes
Max Signals — how many lines to display in the signal table (default: 5)
TrendSync Pro - Premium Multi-Confluence Trading System# TrendSync Pro - Premium Multi-Confluence Trading System
## 🎯 **WHAT IT IS**
TrendSync Pro is an advanced trading indicator that combines three powerful technical analysis tools to deliver high-probability trading signals. Unlike basic indicators that rely on single metrics, this system requires multiple confirmations before generating signals, dramatically reducing false positives and improving win rates.
## 🔧 **HOW IT WORKS**
### **Core Components:**
**1. SSL (Support & Resistance Lines)**
- Dynamic support/resistance levels based on moving averages of highs and lows
- GREEN = Bullish trend (price above SSL)
- RED = Bearish trend (price below SSL)
**2. Range Filter**
- Volatility-based filter that eliminates market noise
- Creates dynamic bands that adapt to market conditions
- GREEN = Upward momentum
- RED = Downward momentum
**3. RSI Momentum Analysis**
- Advanced RSI interpretation with multiple key levels (20, 33.33, 40, 60, 66.67, 80)
- Momentum detection for optimal entry timing
- Overbought/oversold analysis with trend context
### **Signal Generation Logic:**
**ENTRY REQUIREMENTS (All Must Align):**
1. **Primary Condition**: SSL and Range Filter must be the same color
2. **RSI Momentum**: Favorable RSI positioning and movement
3. **Recent Momentum**: At least one indicator showing fresh directional change
4. **Volume Confirmation**: Above-average volume supporting the move
5. **Price Action**: Directional candles with significant body size
## ⭐ **QUALITY RATING SYSTEM**
Signals are rated based on how many conditions are met:
- **⭐⭐⭐⭐⭐ PERFECT**: All 5 conditions met - Highest probability trades
- **⭐⭐⭐⭐ STRONG**: 4 conditions met - High-quality setups
- **⭐⭐⭐ GOOD**: 3 conditions met - Solid opportunities
## 📊 **VISUAL FEATURES**
### **On-Chart Elements:**
- **SSL Line**: Green/Red dynamic support/resistance
- **Range Filter**: Colored trend line with upper/lower bands
- **Signal Labels**: Clear LONG/SHORT labels with quality rating
- **Exit Signals**: Automatic exit points based on RSI levels
- **Background Color**: Trend-based background tinting
- **Bar Colors**: SSL-based candle coloring
### **Information Table** (Real-time Status):
- SSL Status (Green/Red)
- Range Filter Direction
- Current RSI Value
- Overall Trend Assessment
- Position Status (In Long/Short/Wait)
- Signal Quality Metrics
### **Separate RSI Pane:**
- Full RSI plot with color-coded levels
- Key horizontal levels (20, 33.33, 40, 60, 66.67, 80)
- Colored zones for easy interpretation
## 🎛️ **CUSTOMIZABLE SETTINGS**
### **RSI Settings:**
- RSI Length (default: 14)
- Show/Hide RSI signals
- Show/Hide RSI plot
### **SSL Settings:**
- SSL Period (default: 60)
- Moving Average Type (SMA, EMA, WMA, HMA)
### **Range Filter Settings:**
- Source (default: Close)
- Sampling Period (default: 100)
- Range Multiplier (default: 3.0)
### **Visual Settings:**
- Background transparency
- Table position (4 corners available)
## ⚡ **SMART TIMEFRAME ADAPTATION**
The indicator automatically adjusts its sensitivity based on timeframe:
**Low Timeframes (1m, 3m, 5m):**
- Requires higher timeframe confirmation
- More selective signal generation
- Faster exit conditions
**Medium Timeframes (15m, 30m, 1h):**
- Balanced approach
- Standard signal requirements
**High Timeframes (4h+):**
- Allows more signals
- Focuses on major trend changes
## 🎯 **TRADING STRATEGY**
### **Long Signals:**
- **Entry**: When SSL and Range Filter both turn green + quality conditions met
- **Exit**: RSI reaches 70 (profit target) OR trend conditions change
### **Short Signals:**
- **Entry**: When SSL and Range Filter both turn red + quality conditions met
- **Exit**: RSI reaches 30 (profit target) OR trend conditions change
### **Risk Management:**
- Built-in signal spacing prevents over-trading
- Quality-based position sizing (higher stars = larger positions)
- Clear exit conditions for risk control
## 🔔 **ALERT SYSTEM**
Comprehensive alert system with different levels:
- **5-Star Signals**: Perfect setups (all conditions met)
- **4-Star Signals**: Strong setups
- **3-Star Signals**: Good setups
- **Exit Alerts**: Position closing notifications
## 🎪 **UNIQUE ADVANTAGES**
1. **Multi-Confluence Approach**: Requires multiple confirmations
2. **Quality Over Quantity**: Fewer but higher-probability signals
3. **Adaptive Intelligence**: Adjusts to different timeframes
4. **Complete Trading System**: Entry, exit, and risk management included
5. **Professional Visualization**: Clean, informative display
6. **Beginner-Friendly**: Clear signals with quality ratings
## 📈 **BEST USED FOR**
- **Swing Trading**: 4H to Daily timeframes
- **Day Trading**: 15m to 1H timeframes
- **Scalping**: 1m to 5m timeframes (with HTF confirmation)
- **All Markets**: Forex, Crypto, Stocks, Indices
- **Trend Following**: Captures major directional moves
- **Mean Reversion**: Quality counter-trend opportunities
## ⚠️ **IMPORTANT NOTES**
- **Not a Holy Grail**: No indicator is 100% accurate
- **Risk Management Essential**: Always use proper position sizing
- **Backtest First**: Test on historical data before live trading
- **Market Conditions**: Works best in trending markets
- **Education Required**: Understanding the logic improves results
## 🚀 **GET STARTED**
1. Add indicator to your chart
2. Adjust settings for your trading style
3. Wait for quality signals (3+ stars recommended)
4. Use proper risk management
5. Track performance and refine approach
---
**This indicator represents hundreds of hours of development and testing. It's designed for serious traders who value quality over quantity and understand that successful trading requires patience, discipline, and proper risk management.**
*Try it today and experience the difference that true multi-confluence analysis can make in your trading results!*
SSL-RF# TrendSync Pro - Premium Multi-Confluence Trading System
## 🎯 **WHAT IT IS**
TrendSync Pro is an advanced trading indicator that combines three powerful technical analysis tools to deliver high-probability trading signals. Unlike basic indicators that rely on single metrics, this system requires multiple confirmations before generating signals, dramatically reducing false positives and improving win rates.
## 🔧 **HOW IT WORKS**
### **Core Components:**
**1. SSL (Support & Resistance Lines)**
- Dynamic support/resistance levels based on moving averages of highs and lows
- GREEN = Bullish trend (price above SSL)
- RED = Bearish trend (price below SSL)
**2. Range Filter**
- Volatility-based filter that eliminates market noise
- Creates dynamic bands that adapt to market conditions
- GREEN = Upward momentum
- RED = Downward momentum
**3. RSI Momentum Analysis**
- Advanced RSI interpretation with multiple key levels (20, 33.33, 40, 60, 66.67, 80)
- Momentum detection for optimal entry timing
- Overbought/oversold analysis with trend context
### **Signal Generation Logic:**
**ENTRY REQUIREMENTS (All Must Align):**
1. **Primary Condition**: SSL and Range Filter must be the same color
2. **RSI Momentum**: Favorable RSI positioning and movement
3. **Recent Momentum**: At least one indicator showing fresh directional change
4. **Volume Confirmation**: Above-average volume supporting the move
5. **Price Action**: Directional candles with significant body size
## ⭐ **QUALITY RATING SYSTEM**
Signals are rated based on how many conditions are met:
- **⭐⭐⭐⭐⭐ PERFECT**: All 5 conditions met - Highest probability trades
- **⭐⭐⭐⭐ STRONG**: 4 conditions met - High-quality setups
- **⭐⭐⭐ GOOD**: 3 conditions met - Solid opportunities
## 📊 **VISUAL FEATURES**
### **On-Chart Elements:**
- **SSL Line**: Green/Red dynamic support/resistance
- **Range Filter**: Colored trend line with upper/lower bands
- **Signal Labels**: Clear LONG/SHORT labels with quality rating
- **Exit Signals**: Automatic exit points based on RSI levels
- **Background Color**: Trend-based background tinting
- **Bar Colors**: SSL-based candle coloring
### **Information Table** (Real-time Status):
- SSL Status (Green/Red)
- Range Filter Direction
- Current RSI Value
- Overall Trend Assessment
- Position Status (In Long/Short/Wait)
- Signal Quality Metrics
### **Separate RSI Pane:**
- Full RSI plot with color-coded levels
- Key horizontal levels (20, 33.33, 40, 60, 66.67, 80)
- Colored zones for easy interpretation
## 🎛️ **CUSTOMIZABLE SETTINGS**
### **RSI Settings:**
- RSI Length (default: 14)
- Show/Hide RSI signals
- Show/Hide RSI plot
### **SSL Settings:**
- SSL Period (default: 60)
- Moving Average Type (SMA, EMA, WMA, HMA)
### **Range Filter Settings:**
- Source (default: Close)
- Sampling Period (default: 100)
- Range Multiplier (default: 3.0)
### **Visual Settings:**
- Background transparency
- Table position (4 corners available)
## ⚡ **SMART TIMEFRAME ADAPTATION**
The indicator automatically adjusts its sensitivity based on timeframe:
**Low Timeframes (1m, 3m, 5m):**
- Requires higher timeframe confirmation
- More selective signal generation
- Faster exit conditions
**Medium Timeframes (15m, 30m, 1h):**
- Balanced approach
- Standard signal requirements
**High Timeframes (4h+):**
- Allows more signals
- Focuses on major trend changes
## 🎯 **TRADING STRATEGY**
### **Long Signals:**
- **Entry**: When SSL and Range Filter both turn green + quality conditions met
- **Exit**: RSI reaches 70 (profit target) OR trend conditions change
### **Short Signals:**
- **Entry**: When SSL and Range Filter both turn red + quality conditions met
- **Exit**: RSI reaches 30 (profit target) OR trend conditions change
### **Risk Management:**
- Built-in signal spacing prevents over-trading
- Quality-based position sizing (higher stars = larger positions)
- Clear exit conditions for risk control
## 🔔 **ALERT SYSTEM**
Comprehensive alert system with different levels:
- **5-Star Signals**: Perfect setups (all conditions met)
- **4-Star Signals**: Strong setups
- **3-Star Signals**: Good setups
- **Exit Alerts**: Position closing notifications
## 🎪 **UNIQUE ADVANTAGES**
1. **Multi-Confluence Approach**: Requires multiple confirmations
2. **Quality Over Quantity**: Fewer but higher-probability signals
3. **Adaptive Intelligence**: Adjusts to different timeframes
4. **Complete Trading System**: Entry, exit, and risk management included
5. **Professional Visualization**: Clean, informative display
6. **Beginner-Friendly**: Clear signals with quality ratings
## 📈 **BEST USED FOR**
- **Swing Trading**: 4H to Daily timeframes
- **Day Trading**: 15m to 1H timeframes
- **Scalping**: 1m to 5m timeframes (with HTF confirmation)
- **All Markets**: Forex, Crypto, Stocks, Indices
- **Trend Following**: Captures major directional moves
- **Mean Reversion**: Quality counter-trend opportunities
## ⚠️ **IMPORTANT NOTES**
- **Not a Holy Grail**: No indicator is 100% accurate
- **Risk Management Essential**: Always use proper position sizing
- **Backtest First**: Test on historical data before live trading
- **Market Conditions**: Works best in trending markets
- **Education Required**: Understanding the logic improves results
## 🚀 **GET STARTED**
1. Add indicator to your chart
2. Adjust settings for your trading style
3. Wait for quality signals (3+ stars recommended)
4. Use proper risk management
5. Track performance and refine approach
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**This indicator represents hundreds of hours of development and testing. It's designed for serious traders who value quality over quantity and understand that successful trading requires patience, discipline, and proper risk management.**
*Try it today and experience the difference that true multi-confluence analysis can make in your trading results!*
RTI Shifting Band Oscillator | QuantMAC📊 RTI Shifting Band Oscillator | QuantMAC - Revolutionary Adaptive Trading Indicator
🎯 Overview
The RTI Shifting Band Oscillator represents a breakthrough in adaptive technical analysis, combining the innovative Range Transition Index (RTI) with dynamic volatility bands to create an oscillator that automatically adjusts to changing market conditions. This cutting-edge indicator goes beyond traditional static approaches by using RTI to dynamically shift band width based on market volatility transitions, providing superior signal accuracy across different market regimes.
🔧 Key Features
Revolutionary RTI Technology : Proprietary Range Transition Index that measures volatility transitions in real-time
Dynamic Adaptive Bands : Self-adjusting volatility bands that expand and contract based on RTI readings
Dual Trading Modes : Flexible Long/Short or Long/Cash strategies for different trading preferences
Advanced Performance Analytics : Comprehensive metrics including Sharpe, Sortino, and Omega ratios
Smart Visual System : Dynamic color coding with 9 professional color schemes
Precision Backtesting : Date range filtering with detailed historical performance analysis
Real-time Signal Generation : Clear entry/exit signals with customizable threshold sensitivity
Position Sizing Intelligence : Half Kelly criterion for optimal risk management
📈 How The RTI Technology Works
The Range Transition Index (RTI) is the heart of this indicator's innovation. Unlike traditional volatility measures, RTI analyzes the transitions between different volatility states, providing early warning signals for market regime changes.
RTI Calculation Process:
Calculate True Range for each period using high, low, and previous close
Compute Average True Range over the RTI Length period
Sum absolute differences between consecutive True Range values
Normalize by dividing by ATR to create the raw RTI
Apply smoothing to reduce noise and create the final RTI value
Use RTI to dynamically adjust standard deviation multipliers
The genius of RTI lies in its ability to detect when markets are transitioning between calm and volatile periods before traditional indicators catch up. This provides traders with a significant edge in timing entries and exits.
⚙️ Comprehensive Parameter Control
RTI Settings:
RTI Length : Controls the lookback period for volatility analysis (default: 25)
RTI Smoothing : Reduces noise in RTI calculations (default: 12)
Base MA Length : Foundation moving average for band calculations (default: 40)
Source : Price input selection (close, open, high, low, etc.)
Oscillator Settings:
Standard Deviation Length : Period for volatility measurement (default: 27)
SD Multiplier : Base band width adjustment (default: 1.5)
Oscillator Multiplier : Scaling factor for oscillator values (default: 100)
Signal Thresholds:
Long Threshold : Bullish signal trigger level (default: 82)
Short Threshold : Bearish signal trigger level (default: 55)
🎨 Advanced Visual System
Main Chart Elements:
Dynamic Shifting Bands : Upper and lower bands that automatically adjust width based on RTI
Adaptive Fill Zone : Color-coded area between bands showing current market state
Basis Line : Moving average foundation displayed as subtle reference points
Smart Bar Coloring : Candles change color based on oscillator state for instant visual feedback
Oscillator Pane:
Normalized RTI Oscillator : Main signal line centered around zero with dynamic coloring
Threshold Lines : Horizontal reference lines for entry/exit levels
Zero Line : Central reference for oscillator neutrality
Color State Indication : Line colors change based on bullish/bearish conditions
📊 Professional Performance Metrics
The built-in analytics suite provides institutional-grade performance measurement:
Net Profit % : Total strategy return percentage
Maximum Drawdown % : Worst peak-to-trough decline
Win Rate % : Percentage of profitable trades
Profit Factor : Ratio of gross profits to gross losses
Sharpe Ratio : Risk-adjusted return measurement
Sortino Ratio : Downside-focused risk adjustment
Omega Ratio : Probability-weighted performance ratio
Half Kelly % : Optimal position sizing recommendation
Total Trades : Complete transaction count
🎯 Strategic Trading Applications
Long/Short Mode: ⚡
Maximizes profit potential by capturing both upward and downward price movements. The RTI technology helps identify when trends are strengthening or weakening, allowing for optimal position switches between long and short.
Long/Cash Mode: 🛡️
Conservative approach ideal for retirement accounts or risk-averse traders. The indicator's adaptive nature helps identify the best times to be invested versus sitting in cash, protecting capital during adverse market conditions.
🚀 Unique Advantages
Traditional Indicators vs RTI Shifting Bands:
Static vs Dynamic : While most indicators use fixed parameters, RTI bands adapt in real-time
Lagging vs Leading : RTI detects volatility transitions before they fully manifest
One-Size vs Adaptive : The same settings work across different market conditions
Simple vs Intelligent : Advanced volatility analysis provides superior market insight
💡 Professional Setup Guide
For Day Trading (Short-term):
RTI Length: 15-20
RTI Smoothing: 8-10
Base MA Length: 20-30
Thresholds: Long 80, Short 60
For Swing Trading (Medium-term):
RTI Length: 25-35 (default range)
RTI Smoothing: 12-15
Base MA Length: 40-50
Thresholds: Long 83, Short 55 (defaults)
For Position Trading (Long-term):
RTI Length: 40-50
RTI Smoothing: 15-20
Base MA Length: 60-80
Thresholds: Long 85, Short 50
🧠 Advanced Trading Techniques
RTI Divergence Analysis:
Watch for divergences between price action and RTI readings. When price makes new highs/lows but RTI doesn't confirm, it often signals upcoming reversals.
Band Width Interpretation:
Expanding Bands : Increasing volatility, expect larger price moves
Contracting Bands : Decreasing volatility, prepare for potential breakouts
Band Touches : Price touching outer bands often signals reversal opportunities
Multi-Timeframe Analysis:
Use RTI on higher timeframes for trend direction and lower timeframes for precise entry timing.
⚠️ Important Risk Disclaimers
Past performance is not indicative of future results. This indicator represents advanced technical analysis but should never be used as the sole basis for trading decisions.
Critical Risk Factors:
Market Conditions : No indicator performs equally well in all market environments
Backtesting Limitations : Historical performance may not reflect future market behavior
Volatility Risk : Adaptive indicators can be sensitive to extreme market conditions
Parameter Sensitivity : Different settings may produce significantly different results
Capital Risk : Always use appropriate position sizing and stop-loss protection
📚 Educational Benefits
This indicator provides exceptional learning opportunities for understanding:
Advanced volatility analysis and measurement techniques
Adaptive indicator design and implementation
The relationship between volatility transitions and price movements
Professional risk management using Kelly Criterion principles
Modern oscillator interpretation and signal generation
🔍 Market Applications
The RTI Shifting Band Oscillator works across various markets:
Forex : Excellent for currency pair volatility analysis
Stocks : Individual equity and index trading
Commodities : Adaptive to commodity market volatility cycles
Cryptocurrencies : Handles extreme volatility variations effectively
Futures : Professional derivatives trading applications
🔧 Technical Innovation
The RTI Shifting Band Oscillator represents years of research into adaptive technical analysis. The proprietary RTI calculation method has been optimized for:
Computational Efficiency : Fast calculation even on high-frequency data
Noise Reduction : Advanced smoothing without excessive lag
Market Adaptability : Automatic adjustment to changing conditions
Signal Clarity : Clear, actionable trading signals
🔔 Updates and Evolution
The RTI Shifting Band Oscillator | QuantMAC continues to evolve with regular updates incorporating the latest research in adaptive technical analysis. The code is thoroughly documented for transparency and educational purposes.
Trading Notice: Financial markets involve substantial risk of loss. The RTI Shifting Band Oscillator is a sophisticated technical analysis tool designed to assist in trading decisions but cannot guarantee profitable outcomes. Always conduct thorough testing, implement proper risk management, and consider seeking advice from qualified financial professionals. Only trade with capital you can afford to lose.
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Master The Markets With Adaptive Intelligence! 🎯📈
AP_Trend_2.0AP_Trend 2.0 — Smart Trade Signal System
AP_Trend 2.0 is a proprietary multi-market signal system that provides **Buy/Sell entries**, with automatic **Take Profit (TP)**, **Stop Loss (SL)**, and **Trailing Stop (TS)** levels. It’s designed to help traders identify high-probability trend reversals and trend-following opportunities.
🔍 How It Works:
- Entry signals are based on a proprietary blend of trend filters, momentum shifts, and volatility compression patterns.
- Once a signal is triggered, the indicator plots SL based on recent swing lows/highs minus a buffer, TP based on dynamic risk-reward ratio, and TS that adjusts with price movement.
✨ Key Features:
- Buy / Sell signals
- Auto-TP / SL / TS level visualization
- Works on stocks, crypto, forex, futures
- Supports both intraday and swing trading
- Alert-ready for automation
This indicator is ideal for traders who want clear signals and structured trade management. Visual aids simplify decision-making, while adaptive logic tailors outputs to changing market conditions.
Note: Trailing Stop (TS) = auto-adjusted stop loss to protect profits.
ATR Pulse Breakout ATR Pulse Breakout is a versatile volatility-based indicator that identifies buy and sell signals using an adaptive ATR trailing stop strategy. By dynamically tracking market volatility, this indicator highlights potential trend reversals and breakout opportunities with precision.
Features:
• Signals generated when price crosses the ATR-based trailing stop, indicating actionable buy and sell points
• Two extended horizontal lines marking the high and low of the breakout candle for clear visualization
• Semi-transparent candle highlights to emphasize signal bars
• Buy and Sell arrows with customizable colors and labels for easy identification
• User inputs for ATR length, multiplier, and smoothing method to adjust sensitivity
Trading Approaches:
• Aggressive Traders: May enter immediately after the signal candle closes on the 15-minute timeframe to capitalize on early momentum
• Conservative Traders: Should wait for a confirmed breakout above or below the highlighted lines before entering, reducing false signals and enhancing trade reliability
Usage:
Ideal for traders looking to capture volatility-driven moves, ATR Pulse Breakout works well for day trading, swing trading, and longer-term strategies. Use the signals alongside your preferred risk management and confirmation tools to improve trading accuracy.
Developed with care by Ats9, combining robust volatility measures with clean visual cues for improved trade decision-making.
Professional Candlestick + QQE Confirm v2.0 Professional Candlestick + QQE Confirm v1.0
This script combines powerful candlestick pattern detection with QQE momentum confirmation to improve signal reliability for swing trading and trend entries.
🔍 What It Does:
- Detects high-probability candlestick patterns (e.g. Pin Bars, Engulfing, Morning/Evening Stars)
- Confirms signals with the QQE indicator to reduce false entries
- Highlights buy/sell zones using combined logic
⚙️ Key Features:
- Multiple candlestick patterns, each toggleable
- QQE filtering to confirm valid breakouts or reversals
- Signal labels with strength grading
- Optional alert settings
📊 Best Use:
- Works well on 1H, 4H, and Daily charts
- Combine with trendlines or support/resistance for stronger entries
- Avoids signals in sideways/choppy markets
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This is a tool for traders who want to filter out weak candlestick signals using a trusted momentum indicator (QQE) for more accurate entries.
Enhanced QQE with Filters v6Enhanced QQE with Filters v6
This script is an advanced version of the QQE (Quantitative Qualitative Estimation) indicator, upgraded with additional filters for higher precision in swing trading setups.
✨ Features:
- Dynamic QQE smoothing and filtering
- Optional trend filter using RSI or moving average
- Buy/sell signals with visual markers
- Works well for trend continuation and divergence detection
⚙️ Inputs:
- Toggle QQE calculation type (classic, RSI-based, or hybrid)
- Enable/disable smoothing filters
- Adjust RSI/QQE lengths and thresholds
- Choose confirmation filters
📊 Usage:
- Best suited for 1H, 4H, and Daily charts
- Use Buy signals during uptrends and Sell signals during downtrends
- Can be combined with support/resistance and candlestick confirmation
🛠️ Notes:
- No repainting of signals
- For swing and position traders
- All filters are optional and can be configured in the settings
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This version is built for reliable trade confirmation and filtering out false signals common in regular QQE indicators.
CPR by DSKThis CPR (Central Pivot Range) indicator is designed to provide multi-timeframe insights and simplify trend analysis for traders of all levels. Key features include:
1. Dynamic CPR Levels
Automatically adapts and displays CPR levels based on the current chart timeframe (Daily, Weekly, or Monthly).
Useful for identifying intraday or swing trading opportunities.
2. Market Sentiment Summary Table
A compact summary table indicates the market bias (Bullish/Bearish) using the relative position of the price to the Daily, Weekly, and Monthly CPR Pivots.
Helps you instantly assess the prevailing trend across key timeframes.
3. Target Achievement Status
The summary also highlights if any CPR-based targets or key levels have been hit, offering valuable confirmation for trade setups and exits.
This indicator is ideal for traders seeking a quick, visual overview of market structure and trend strength using the well-known CPR method.
CAFX Liquidity Pro V1CAFX Liquidity Pro Indicator
Precision Engineered for Smart Profit-Taking
The CAFX Liquidity Pro Indicator is a powerful trading tool designed to help traders pinpoint high-probability liquidity zones, making it ideal for setting accurate and strategic take profit levels. By identifying where institutional interest is likely to reside, this indicator highlights the areas where price is most likely to react, reverse, or pause—giving you the edge in locking in profits before the market shifts.
Whether you're scalping, day trading, or swing trading, the CAFX Liquidity Pro provides clear visual cues that simplify your decision-making process and enhance your trade management. With a focus on precision and reliability, it helps you avoid emotional exits and instead base your take profits on real market behavior and liquidity dynamics.
Use CAFX Liquidity Pro to stay one step ahead—because knowing where to exit is just as important as knowing when to enter.
ADX+ Oscillator📈 ADX+ Oscillator — Enhanced Trend Strength Indicator
🔹 Description:
A modified oscillator based on the ADX (Average Directional Index), providing both visual and digital interpretation of trend strength and direction. A powerful tool for filtering sideways markets and identifying strong impulses across any timeframe.
🔹 Features:
• ADX line to assess trend strength
• DI+ and DI− lines to determine trend direction
• Colored background zones:
• Gray: ranging market (ADX < 20)
• Orange: transition zone (20 ≤ ADX < 25)
• Green: strong trend (ADX ≥ 25)
• Digital value labels for ADX / DI+ / DI− on the latest candle
• Signal arrows when DI+ crosses DI− and vice versa
🔹 Why use it:
• Signal filtering: avoid trades in flat markets (ADX < 20)
• Trend confirmation: enter only when ADX is rising above 25
• Directional guidance via DI+ and DI− behavior
🔹 Best for:
• Scalping (1m, 5m)
• Intraday trading (15m, 1h)
• Swing trading (4h and above)
• Breakout and pullback strategies
4 colour MACD with Delta % + Div LabelMACD 4C + Delta % + Divergence Label
This advanced MACD-based indicator is designed for professional traders seeking enhanced momentum analysis with visual clarity. It offers a multi-faceted view of MACD behavior with real-time insights into trend strength, acceleration, and divergence signals.
Key Features:
4-Color MACD Histogram:
Visually distinguishes between rising and falling MACD bars in both bullish and bearish zones for quicker momentum assessment.
Delta % Labels:
Each bar displays the percentage change in MACD compared to the previous bar, providing instant feedback on MACD acceleration and shift in momentum.
Automatic Divergence Detection:
Identifies regular bullish and bearish divergences using pivot-based logic. Displays clear, compact labels near MACD bars to highlight potential reversal zones.
Clean, Minimalist Design:
Divergence labels are sized for readability and positioned to avoid overlapping with MACD data, ensuring clean chart presentation.
No repainting or lag:
All divergence calculations are based on confirmed pivots, ensuring reliable signal generation without false alerts.
This tool is ideal for scalpers, swing traders, and momentum traders who rely on MACD dynamics for precise timing and directional bias. Use it to improve your entry and exit accuracy by combining traditional MACD signals with real-time volume and divergence insight.
🔹 Usage Notes
Recommended Timeframes:
Works well on all timeframes. For scalping, use 1m–5m; for swing trading, use 15m–1H+.
Best for:
Traders looking for a fast, visual way to assess trend strength and spot divergence-based reversal opportunities.
Pair With:
Can be used alongside price action, volume profile, RSI, or order flow-based indicators for confirmation.
How to Read:
Green/Red MACD bars indicate bullish/bearish momentum.
Delta % shows MACD change rate — increasing positive delta = strengthening trend.
Arrows/text labels signal potential divergence — pay attention when divergence aligns with support/resistance or price structure.
Notes:
No repainting — divergence is only drawn after pivots are confirmed.
All labels are automatically managed for clean display.
Can be customized further for hidden divergences or alert integration.
Super Arma Institucional PRO v6.3Super Arma Institucional PRO v6.3
Description
Super Arma Institucional PRO v6.3 is a multifunctional indicator designed for traders looking for a clear and objective analysis of the market, focusing on trends, key price levels and high liquidity zones. It combines three essential elements: moving averages (EMA 20, SMA 50, EMA 200), dynamic support and resistance, and volume-based liquidity zones. This integration offers an institutional view of the market, ideal for identifying strategic entry and exit points.
How it Works
Moving Averages:
EMA 20 (orange): Sensitive to short-term movements, ideal for capturing fast trends.
SMA 50 (blue): Represents the medium-term trend, smoothing out fluctuations.
EMA 200 (red): Indicates the long-term trend, used as a reference for the general market bias.
Support and Resistance: Calculated based on the highest and lowest prices over a defined period (default: 20 bars). These dynamic levels help identify zones where the price may encounter barriers or supports.
Liquidity Zones: Purple rectangles are drawn in areas of significantly above-average volume, indicating regions where large market participants (institutional) may be active. These zones are useful for anticipating price movements or order absorption.
Purpose
The indicator was developed to provide a clean and institutional view of the market, combining classic tools (moving averages and support/resistance) with modern liquidity analysis. It is ideal for traders operating swing trading or position trading strategies, allowing to identify:
Short, medium and long-term trends.
Key support and resistance levels to plan entries and exits.
High liquidity zones where institutional orders can influence the price.
Settings
Show EMA 20 (true): Enables/disables the 20-period EMA.
Show SMA 50 (true): Enables/disables the 50-period SMA.
Show EMA 200 (true): Enables/disables the 200-period EMA.
Support/Resistance Period (20): Sets the period for calculating support and resistance levels.
Liquidity Sensitivity (20): Period for calculating the average volume.
Minimum Liquidity Factor (1.5): Multiplier of the average volume to identify high liquidity zones.
How to Use
Moving Averages:
Crossovers between the EMA 20 and SMA 50 may indicate short/medium-term trend changes.
The EMA 200 serves as a reference for the long-term bias (above = bullish, below = bearish).
Support and Resistance: Use the red (resistance) and green (support) lines to identify reversal or consolidation zones.
Liquidity Zones: The purple rectangles highlight areas of high volume, where the price may react (reversal or breakout). Consider these zones to place orders or manage risks.
Adjust the parameters according to the asset and timeframe to optimize the analysis.
Notes
The chart should be configured only with this indicator to ensure clarity.
Use on timeframes such as 1 hour, 4 hours or daily for better visualization of liquidity zones and support/resistance levels.
Avoid adding other indicators to the chart to keep the script output easily identifiable.
The indicator is designed to be clean, without explicit buy/sell signals, following an institutional approach.
This indicator is perfect for traders who want a visually clear and powerful tool to trade based on trends, key levels and institutional behavior.
TEMA with Slope Color [MrBuCha]This TEMA indicator is particularly useful for trend following strategies. The key innovation here is using a higher timeframe (default 1-hour) to get a broader perspective on the trend direction, while the color-coding makes it immediately obvious whether the momentum is bullish (blue) or bearish (orange).
The 200-period length makes this more suitable for swing trading rather than day trading, as it filters out short-term noise and focuses on significant trend movements.
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What is TEMA and How Does It Work?
TEMA (Triple Exponential Moving Average) is a technical indicator that builds upon the standard EMA to reduce lag and provide faster response to price changes. The calculation process is:
EMA1 = EMA of closing price with specified length
EMA2 = EMA of EMA1 with the same length
EMA3 = EMA of EMA2 with the same length
TEMA = 3 × (EMA1 - EMA2) + EMA3
This formula helps reduce the lag inherent in smoothing calculations, making TEMA more responsive to price movements compared to other moving averages.
Default Values
Length: 200 periods
Timeframe: "60" (1 hour)
Slope Colors
Blue: When TEMA is trending upward (tema_current > tema_previous)
Orange: When TEMA is trending downward (tema_current ≤ tema_previous)
Pros and Cons Summary
Advantages:
Fast Response: Reduces lag better than SMA and regular EMA
Easy to Use: Color-coded slope makes trend direction immediately visible
Multi-timeframe Capability: Can display TEMA from higher timeframes
Trend Following: Excellent for identifying trend direction
Visual Clarity: Clear color signals help with quick decision making
Disadvantages:
False Signals: Prone to whipsaws in sideways/choppy markets
Noise in Volatility: Frequent color changes during high volatility periods
Not Suitable for Scalping: Length of 200 is quite long for short-term trading
Still Lagging: Despite improvements, it remains a lagging indicator
Requires Confirmation: Should be used with other indicators for better accuracy
Best Use Cases:
Medium to long-term trend following
Identifying major trend changes
Multi-timeframe analysis
Combine with momentum oscillators for confirmation
Trading Tips:
Wait for color confirmation before entering trades
Use higher timeframe TEMA for overall trend bias
Combine with support/resistance levels
Avoid trading during consolidation periods
