Smart Money Concepts by WeloTradesThe "Smart Money Concepts by WeloTrades" indicator is designed to offer traders a comprehensive tool that integrates multiple advanced features to aid in market analysis. By combining order blocks, liquidity levels, fair value gaps, trendlines, and market structure analysis, the indicator provides a holistic approach to understanding market dynamics and making informed trading decisions.
Components and Their Integration:
Order Blocks and Breaker Blocks Detection
Functionality: Order blocks represent areas where significant buying or selling occurred, creating potential support or resistance zones. Breaker blocks signal potential reversals.
Integration: By detecting and visualizing these blocks, the indicator helps traders identify key levels where price might react, aiding in entry and exit decisions. The customizable settings allow traders to adjust the visibility and parameters to suit their specific trading strategy.
Liquidity Levels Analysis
Functionality: Liquidity levels indicate zones where significant price movements can occur due to the presence of large orders. These are areas where smart money might be executing trades.
Integration: By tracking these high-probability liquidity areas, traders can anticipate potential price movements. Customizable display limits and mitigation strategies ensure that the information is tailored to the trader’s needs, providing precise and actionable insights.
Fair Value Gaps (FVG)
Functionality: Fair value gaps highlight areas where there is an imbalance between buyers and sellers. These gaps often represent potential trading opportunities.
Integration: The ability to identify and analyze FVGs helps traders spot potential entries based on market inefficiencies. The touch and break detection functionalities provide further refinement, enhancing the precision of trading signals.
Trendlines
Functionality: Trendlines help in identifying the direction of the market and potential reversal points. The additional trendline adds a layer of confirmation for breaks or retests.
Integration: Automatically drawn trendlines assist traders in visualizing market trends and making decisions about potential entries and exits. The additional trendline for stronger confirmation reduces the risk of false signals, providing more reliable trading opportunities.
Market Structure Analysis
Functionality: Understanding market structure is crucial for identifying key support and resistance levels and overall market dynamics. This component displays internal, external, and composite market structures.
Integration: By automatically highlighting shifts in market structure, the indicator helps traders recognize important levels and potential changes in market direction. This analysis is critical for strategic planning and execution in trading.
Customizable Alerts
Functionality: Alerts ensure that traders do not miss significant market events, such as the formation or breach of order blocks, liquidity levels, and trendline interactions.
Integration: Customizable alerts enhance the user experience by providing timely notifications of key events. This feature ensures that traders can act quickly and efficiently, leveraging the insights provided by the indicator.
Interactive Visualization
Functionality: Customizable visual aspects of the indicator allow traders to tailor the display to their preferences and trading style.
Integration: This feature enhances user engagement and usability, making it easier for traders to interpret the data and make informed decisions. Personalization options like colors, styles, and display formats improve the overall effectiveness of the indicator.
How Components Work Together
Comprehensive Market Analysis
Each component of the indicator addresses a different aspect of market analysis. Order blocks and liquidity levels highlight potential support and resistance zones, while fair value gaps and trendlines provide additional context for potential entries and exits. Market structure analysis ties everything together by offering a broad view of market dynamics.
Synergistic Insights
The integration of multiple features allows for cross-validation of trading signals. For instance, an order block coinciding with a high-probability liquidity level and a fair value gap can provide a stronger signal than any of these features alone. This synergy enhances the reliability of the insights and trading signals generated by the indicator.
Enhanced Decision Making
By combining these advanced features into a single tool, traders are equipped with a powerful resource for making informed decisions. The customizable alerts and interactive visualization further support this by ensuring that traders can act quickly on the insights provided.
Order Blocks ( OB) & Breaker Blocks (BB) Visuals:
📝 OB Input Settings
📊 Timeframe #1
TF #1🕑: Enable or disable Timeframe 1.
What it is: A boolean input to toggle the use of the first timeframe.
What it does: Enables or disables Timeframe 1 for the OB settings.
How to use it: Check or uncheck the box to enable or disable.
📊 Timeframe 1 Selection
Timeframe #1🕑: Select the timeframe for Timeframe 1.
What it is: A dropdown to select the desired timeframe.
What it does: Sets the timeframe for Timeframe 1.
How to use it: Choose a timeframe from the dropdown list.
📊 Timeframe #2
TF #2🕑: Enable or disable Timeframe 2.
What it is: A boolean input to toggle the use of the second timeframe.
What it does: Enables or disables Timeframe 2 for the OB settings.
How to use it: Check or uncheck the box to enable or disable.
📊 Timeframe 2 Selection
Timeframe #2🕑: Select the timeframe for Timeframe 2.
What it is: A dropdown to select the desired timeframe.
What it does: Sets the timeframe for Timeframe 2.
How to use it: Choose a timeframe from the dropdown list.
Additional Info: Higher TF Chart & Lower TF Setting / Lower TF Chart & Higher TF Setting.
📏 Show OBs
OB (Length)📏: Toggle the display of Order Blocks.
What it is: A boolean input to enable or disable the display of Order Blocks.
What it does: Shows or hides Order Blocks based on the selected swing length.
How to use it: Check or uncheck the box to enable or disable.
📏 Swing Length Option
Swing Length Option: Select the swing length option.
What it is: A dropdown to choose between SHORT, MID, LONG, or CUSTOM.
What it does: Sets the length of swings for Order Blocks.
How to use it: Choose an option from the dropdown.
Additional Info: Default lengths are SHORT=10, MID=28, LONG=50.
🔧 Custom Swing Length
🔧custom: Specify a custom swing length.
What it is: An integer input for setting a custom swing length.
What it does: Overrides the default swing lengths if set to CUSTOM.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
📛 Show BBs
BB (Method)📛: Toggle the display of Breaker Blocks.
What it is: A boolean input to enable or disable the display of Breaker Blocks.
What it does: Shows or hides Breaker Blocks.
How to use it: Check or uncheck the box to enable or disable.
📛 OB End Method
OB End Method: Select the method for determining the end of a Breaker Block.
What it is: A dropdown to choose between Wick and Close.
What it does: Sets the criteria for when a Breaker Block is considered mitigated.
How to use it: Choose an option from the dropdown.
Additional Info: Wicks: OB is mitigated when the price wicks through the OB Level. Close: OB is mitigated when the closing price is within the OB Level.
🔍 Max Bullish Zones
🔍Max Bullish: Set the maximum number of Bullish Order Blocks to display.
What it is: A dropdown to select the maximum number of Bullish Order Blocks.
What it does: Limits the number of Bullish Order Blocks shown on the chart.
How to use it: Choose a value from the dropdown (1-10).
🔍 Max Bearish Zones
🔍Max Bearish: Set the maximum number of Bearish Order Blocks to display.
What it is: A dropdown to select the maximum number of Bearish Order Blocks.
What it does: Limits the number of Bearish Order Blocks shown on the chart.
How to use it: Choose a value from the dropdown (1-10).
🟩 Bullish OB Color
Bullish OB Color: Set the color for Bullish Order Blocks.
What it is: A color picker to set the color of Bullish Order Blocks.
What it does: Changes the color of Bullish Order Blocks on the chart.
How to use it: Select a color from the color picker.
🟥 Bearish OB Color
Bearish OB Color: Set the color for Bearish Order Blocks.
What it is: A color picker to set the color of Bearish Order Blocks.
What it does: Changes the color of Bearish Order Blocks on the chart.
How to use it: Select a color from the color picker.
🔧 OB & BB Range
↔ OB & BB Range: Select the range option for OB and BB.
What it is: A dropdown to choose between RANGE and CUSTOM.
What it does: Sets how far the OB or BB should extend.
How to use it: Choose an option from the dropdown.
Additional Info: RANGE = Current price, CUSTOM = Adjustable Range.
🔧 Custom OB & BB Range
🔧Custom: Specify a custom range for OB and BB.
What it is: An integer input for setting a custom range.
What it does: Defines how far the OB or BB should go, based on a custom value.
How to use it: Enter a custom integer value (range: 1000-500000).
💬 Text Options
💬Text Options: Set text size and color for OB and BB.
What it is: A dropdown to select text size and a color picker to choose text color.
What it does: Changes the size and color of the text displayed for OB and BB.
How to use it: Select a size from the dropdown and a color from the color picker.
💬 Show Timeframe OB
Text: Toggle to display the timeframe of OB.
What it is: A boolean input to show or hide the timeframe text for OB.
What it does: Displays the timeframe information for Order Blocks on the chart.
How to use it: Check or uncheck the box to enable or disable.
💬 Show Volume
Volume: Toggle to display the volume of OB.
What it is: A boolean input to show or hide the volume information for Order Blocks.
What it does: Displays the volume information for Order Blocks on the chart.
How to use it: Check or uncheck the box to enable or disable.
Additional Info:
What it represents: The volume displayed represents the total trading volume that occurred during the formation of the Order Block. This can indicate the level of participation or interest in that price level.
How it's calculated: The volume is the sum of all traded volumes within the candles that form the Order Block.
What it means: Higher volume at an Order Block level may suggest stronger support or resistance. It shows the amount of trading activity and can be an indicator of the potential strength or validity of the Order Block.
Why it's shown: To give traders an idea of the market participation and to help assess the strength of the Order Block.
💬 Show Percentage
%: Toggle to display the percentage of OB.
What it is: A boolean input to show or hide the percentage information for Order Blocks.
What it does: Displays the percentage information for Order Blocks on the chart.
How to use it: Check or uncheck the box to enable or disable.
Additional Info:
What it represents: The percentage displayed usually represents the proportion of price movement relative to the Order Block.
How it's calculated: This can be the percentage move from the start to the end of the Order Block or the retracement level that price has reached relative to the Order Block's range.
What it means: It helps traders understand the extent of price movement within the Order Block and can indicate the significance of the price level.
Why it's shown: To provide a clearer understanding of the price dynamics and the importance of the Order Block within the overall price movement.
Additional Information
Volume Example: If an Order Block forms over three candles with volumes of 100, 150, and 200, the total volume displayed for that Order Block would be 450.
Percentage Example: If the price moves from 100 to 110 within an Order Block, and the total range of the Order Block is from 100 to 120, the percentage shown might be 50% (since the price has moved halfway through the Order Block's range).
Liquidity Levels visuals:
📊 Liquidity Levels Input Settings
📊 Current Timeframe
TF #1🕑: Enable or disable the current timeframe.
What it is: A boolean input to toggle the use of the current timeframe.
What it does: Enables or disables the display of liquidity levels for the current timeframe.
How to use it: Check or uncheck the box to enable or disable.
📊 Higher Timeframe
Higher Timeframe: Select the higher timeframe for liquidity levels.
What it is: A dropdown to select the desired higher timeframe.
What it does: Sets the higher timeframe for liquidity levels.
How to use it: Choose a timeframe from the dropdown list.
📏 Liquidity Length Option
📏Liquidity Length: Select the length for liquidity levels.
What it is: A dropdown to choose between SHORT, MID, LONG, or CUSTOM.
What it does: Sets the length of swings for liquidity levels.
How to use it: Choose an option from the dropdown.
Additional Info: Default lengths are SHORT=10, MID=28, LONG=50.
🔧 Custom Liquidity Length
🔧custom: Specify a custom length for liquidity levels.
What it is: An integer input for setting a custom swing length.
What it does: Overrides the default liquidity lengths if set to CUSTOM.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
📛 Mitigation Method
📛Mitigation (Method): Select the method for determining the mitigation of liquidity levels.
What it is: A dropdown to choose between Close and Wick.
What it does: Sets the criteria for when a liquidity level is considered mitigated.
How to use it: Choose an option from the dropdown.
Additional Info:
Wick: Level is mitigated when the price wicks through the level.
Close: Level is mitigated when the closing price is within the level.
📛 Display Mitigated Levels
-: Select to display or hide mitigated levels.
What it is: A dropdown to choose between Remove and Show.
What it does: Displays or hides mitigated liquidity levels.
How to use it: Choose an option from the dropdown.
Additional Info:
Remove: Hide mitigated levels.
Show: Display mitigated levels.
🔍 Max Buy Side Liquidity
🔍Max Buy Side Liquidity: Set the maximum number of Buy Side Liquidity Levels to display.
What it is: An integer input to set the maximum number of Buy Side Liquidity Levels.
What it does: Limits the number of Buy Side Liquidity Levels shown on the chart.
How to use it: Enter a value between 0 and 50.
🟦 Buy Side Liquidity Color
Buy Side Liquidity Color: Set the color for Buy Side Liquidity Levels.
What it is: A color picker to set the color of Buy Side Liquidity Levels.
What it does: Changes the color of Buy Side Liquidity Levels on the chart.
How to use it: Select a color from the color picker.
Additional Info:
Tooltip: Set the maximum number of Buy Side Liquidity Levels to display. Default: 5, Min: 1, Max: 50.
If liquidity levels are not displayed as expected, try increasing the max count.
🔍 Max Sell Side Liquidity
🔍Max Sell Side Liquidity: Set the maximum number of Sell Side Liquidity Levels to display.
What it is: An integer input to set the maximum number of Sell Side Liquidity Levels.
What it does: Limits the number of Sell Side Liquidity Levels shown on the chart.
How to use it: Enter a value between 0 and 50.
🟥 Sell Side Liquidity Color
Sell Side Liquidity Color: Set the color for Sell Side Liquidity Levels.
What it is: A color picker to set the color of Sell Side Liquidity Levels.
What it does: Changes the color of Sell Side Liquidity Levels on the chart.
How to use it: Select a color from the color picker.
Additional Info:
Tooltip: Set the maximum number of Sell Side Liquidity Levels to display. Default: 5, Min: 1, Max: 50.
If liquidity levels are not displayed as expected, try increasing the max count.
✂ Box Style (Height)
✂ Box Style (↕): Set the box height style for liquidity levels.
What it is: A float input to set the height of the boxes.
What it does: Adjusts the height of the boxes displaying liquidity levels.
How to use it: Enter a value between -50 and 50.
Additional Info: Default value is -5.
📏 Box Length
b: Set the box length of liquidity levels.
What it is: An integer input to set the length of the boxes.
What it does: Adjusts the length of the boxes displaying liquidity levels.
How to use it: Enter a value between 0 and 500.
Additional Info: Default value is 20.
⏭ Extend Liquidity Levels
Extend ⏭: Toggle to extend liquidity levels beyond the current range.
What it is: A boolean input to enable or disable the extension of liquidity levels.
What it does: Extends liquidity levels beyond their default range.
How to use it: Check or uncheck the box to enable or disable.
Additional Info: Extend liquidity levels beyond the current range.
💬 Text Options
💬 Text Options: Set text size and color for liquidity levels.
What it is: A dropdown to select text size and a color picker to choose text color.
What it does: Changes the size and color of the text displayed for liquidity levels.
How to use it: Select a size from the dropdown and a color from the color picker.
💬 Show Text
Text: Toggle to display text for liquidity levels.
What it is: A boolean input to show or hide the text for liquidity levels.
What it does: Displays the text information for liquidity levels on the chart.
How to use it: Check or uncheck the box to enable or disable.
💬 Show Volume
Volume: Toggle to display the volume of liquidity levels.
What it is: A boolean input to show or hide the volume information for liquidity levels.
What it does: Displays the volume information for liquidity levels on the chart.
How to use it: Check or uncheck the box to enable or disable.
Additional Info:
What it represents: The volume displayed represents the total trading volume that occurred during the formation of the liquidity level. This can indicate the level of participation or interest in that price level.
How it's calculated: The volume is the sum of all traded volumes within the candles that form the liquidity level.
What it means: Higher volume at a liquidity level may suggest stronger support or resistance. It shows the amount of trading activity and can be an indicator of the potential strength or validity of the liquidity level.
Why it's shown: To give traders an idea of the market participation and to help assess the strength of the liquidity level.
💬 Show Percentage
%: Toggle to display the percentage of liquidity levels.
What it is: A boolean input to show or hide the percentage information for liquidity levels.
What it does: Displays the percentage information for liquidity levels on the chart.
How to use it: Check or uncheck the box to enable or disable.
Additional Info:
What it represents: The percentage displayed usually represents the proportion of price movement relative to the liquidity level.
How it's calculated: This can be the percentage move from the start to the end of the liquidity level or the retracement level that price has reached relative to the liquidity level's range.
What it means: It helps traders understand the extent of price movement within the liquidity level and can indicate the significance of the price level.
Why it's shown: To provide a clearer understanding of the price dynamics and the importance of the liquidity level within the overall price movement.
Fair Value Gaps visuals:
📊 Fair Value Gaps Input Settings
📊 Show FVG
TF #1🕑: Enable or disable Fair Value Gaps for Timeframe 1.
What it is: A boolean input to toggle the display of Fair Value Gaps.
What it does: Shows or hides Fair Value Gaps on the chart.
How to use it: Check or uncheck the box to enable or disable.
📊 Select Timeframe
Timeframe: Select the timeframe for Fair Value Gaps.
What it is: A dropdown to select the desired timeframe.
What it does: Sets the timeframe for Fair Value Gaps.
How to use it: Choose a timeframe from the dropdown list.
Additional Info: Higher TF Chart & Lower TF Setting or Lower TF Chart & Higher TF Setting.
📛 FVG Break Method
📛FVG Break (Method): Select the method for determining when an FVG is mitigated.
What it is: A dropdown to choose between Touch, Wicks, Close, or Average.
What it does: Sets the criteria for when a Fair Value Gap is considered mitigated.
How to use it: Choose an option from the dropdown.
Additional Info:
Touch: FVG is mitigated when the price touches the gap.
Wicks: FVG is mitigated when the price wicks through the gap.
Close: FVG is mitigated when the closing price is within the gap.
Average: FVG is mitigated when the average price (average of high and low) is within the gap.
📛 Show Mitigated FVG
show: Toggle to display mitigated FVGs.
What it is: A boolean input to show or hide mitigated Fair Value Gaps.
What it does: Displays or hides mitigated Fair Value Gaps.
How to use it: Check or uncheck the box to enable or disable.
📛 Fill FVG
Fill: Toggle to fill Fair Value Gaps.
What it is: A boolean input to fill the Fair Value Gaps with color.
What it does: Adds a color fill to the Fair Value Gaps.
How to use it: Check or uncheck the box to enable or disable.
📛 Shade FVG
Shade: Toggle to shade Fair Value Gaps.
What it is: A boolean input to shade the Fair Value Gaps.
What it does: Adds a shade effect to the Fair Value Gaps.
How to use it: Check or uncheck the box to enable or disable.
Additional Info: Select the method to break FVGs and toggle the visibility of FVG Breaks (fill FVG and/or shade FVG).
🔍 Max Bullish FVG
🔍Max Bullish FVG: Set the maximum number of Bullish Fair Value Gaps to display.
What it is: An integer input to set the maximum number of Bullish Fair Value Gaps.
What it does: Limits the number of Bullish Fair Value Gaps shown on the chart.
How to use it: Enter a value between 0 and 50.
🔍 Max Bearish FVG
🔍Max Bearish FVG: Set the maximum number of Bearish Fair Value Gaps to display.
What it is: An integer input to set the maximum number of Bearish Fair Value Gaps.
What it does: Limits the number of Bearish Fair Value Gaps shown on the chart.
How to use it: Enter a value between 0 and 50.
🟥 Bearish FVG Color
Bearish FVG Color: Set the color for Bearish Fair Value Gaps.
What it is: A color picker to set the color of Bearish Fair Value Gaps.
What it does: Changes the color of Bearish Fair Value Gaps on the chart.
How to use it: Select a color from the color picker.
Additional Info:
Tooltip: Set the maximum number of Bearish Fair Value Gaps to display. Default: 5, Min: 1, Max: 50.
If Fair Value Gaps are not displayed as expected, try increasing the max count.
🟦 Bullish FVG Color
Bullish FVG Color: Set the color for Bullish Fair Value Gaps.
What it is: A color picker to set the color of Bullish Fair Value Gaps.
What it does: Changes the color of Bullish Fair Value Gaps on the chart.
How to use it: Select a color from the color picker.
Additional Info:
Tooltip: Set the maximum number of Bullish Fair Value Gaps to display. Default: 5, Min: 1, Max: 50.
If Fair Value Gaps are not displayed as expected, try increasing the max count.
📏 FVG Range
↔ FVG Range: Set the range for Fair Value Gaps.
What it is: An integer input to set the range of the Fair Value Gaps.
What it does: Adjusts the range of the Fair Value Gaps displayed.
How to use it: Enter a value between 0 and 100.
Additional Info: Adjustable length only works when both RANGE & EXTEND display OFF. Range=current price, Extend=Full Range.
⏭ Extend FVG
Extend⏭: Toggle to extend Fair Value Gaps beyond the current range.
What it is: A boolean input to enable or disable the extension of Fair Value Gaps.
What it does: Extends Fair Value Gaps beyond their default range.
How to use it: Check or uncheck the box to enable or disable.
⏯ FVG Range
Range⏯: Toggle the range of Fair Value Gaps.
What it is: A boolean input to enable or disable the range display for Fair Value Gaps.
What it does: Sets the range of Fair Value Gaps displayed.
How to use it: Check or uncheck the box to enable or disable.
↕ Max Width
↕ Max Width: Set the maximum width of Fair Value Gaps.
What it is: A float input to set the maximum width of Fair Value Gaps.
What it does: Limits the width of Fair Value Gaps as a percentage of the price range.
How to use it: Enter a value between 0 and 5.0.
Additional Info: FVGs wider than this value will be ignored.
♻ Filter FVG
Filter FVG ♻: Toggle to filter out small Fair Value Gaps.
What it is: A boolean input to filter out small Fair Value Gaps.
What it does: Ignores Fair Value Gaps smaller than the specified max width.
How to use it: Check or uncheck the box to enable or disable.
➖ Mid Line Style
➖Mid Line Style: Select the style of the mid line for Fair Value Gaps.
What it is: A dropdown to choose between Solid, Dashed, or Dotted.
What it does: Sets the style of the mid line within Fair Value Gaps.
How to use it: Choose an option from the dropdown.
🎨 Mid Line Color
Mid Line Color: Set the color for the mid line within Fair Value Gaps.
What it is: A color picker to set the color of the mid line.
What it does: Changes the color of the mid line within Fair Value Gaps.
How to use it: Select a color from the color picker.
Additional Information
Mitigation Methods: Each method (Touch, Wicks, Close, Average) provides different criteria for when a Fair Value Gap is considered mitigated, helping traders to understand the dynamics of price movements within gaps.
Volume and Percentage: Displaying volume and percentage information for Fair Value Gaps helps traders gauge the strength and significance of these gaps in relation to trading activity and price movements.
Trendlines visuals:
📊 Trendlines Input Settings
📊 Show Trendlines
Trendlines & Trendlines Difference(%) ↕: Enable or disable trendlines and set the percentage difference from the first trendline.
What it is: A boolean input to toggle the display of trendlines.
What it does: Shows or hides trendlines on the chart and allows setting a percentage difference from the first trendline.
How to use it: Check or uncheck the box to enable or disable.
Additional Info: The percentage difference determines the distance of the second trendline from the first one.
📏 Trendline Length Option
📏Trendline Length: Select the length for trendlines.
What it is: A dropdown to choose between SHORT, MID, LONG, or CUSTOM.
What it does: Sets the length of trendlines.
How to use it: Choose an option from the dropdown.
Additional Info: Default lengths are SHORT=50, MID=100, LONG=200.
🔧 Custom Trendline Length
🔧custom: Specify a custom length for trendlines.
What it is: An integer input for setting a custom trendline length.
What it does: Overrides the default trendline lengths if set to CUSTOM.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
🔍 Max Bearish Trendlines
🔍Max Trendlines Bearish: Set the maximum number of bearish trendlines to display.
What it is: A dropdown to select the maximum number of bearish trendlines.
What it does: Limits the number of bearish trendlines shown on the chart.
How to use it: Choose a value from the dropdown (2-20).
🟩 Bearish Trendline Color
Bearish Trendline Color: Set the color for bearish trendlines.
What it is: A color picker to set the color of bearish trendlines.
What it does: Changes the color of bearish trendlines on the chart.
How to use it: Select a color from the color picker.
Additional Info: Adjust to control how many bearish trendlines are displayed.
🔍 Max Bullish Trendlines
🔍Max Trendlines Bullish: Set the maximum number of bullish trendlines to display.
What it is: A dropdown to select the maximum number of bullish trendlines.
What it does: Limits the number of bullish trendlines shown on the chart.
How to use it: Choose a value from the dropdown (2-20).
🟥 Bullish Trendline Color
Bullish Trendline Color: Set the color for bullish trendlines.
What it is: A color picker to set the color of bullish trendlines.
What it does: Changes the color of bullish trendlines on the chart.
How to use it: Select a color from the color picker.
Additional Info: Adjust to control how many bullish trendlines are displayed.
📐 Degrees Text
📐Degrees ° (💬 Size): Enable or disable degrees text and set its size and color.
What it is: A boolean input to show or hide the degrees text for trendlines.
What it does: Displays the degrees text for trendlines.
How to use it: Check or uncheck the box to enable or disable.
📏 Text Size for Degrees
Text Size: Set the text size for degrees on trendlines.
What it is: A dropdown to select the size of the degrees text.
What it does: Changes the size of the degrees text displayed for trendlines.
How to use it: Choose a size from the dropdown (XS, S, M, L, XL).
🎨 Degrees Text Color
Degrees Text Color: Set the color for the degrees text on trendlines.
What it is: A color picker to set the color of the degrees text.
What it does: Changes the color of the degrees text on the chart.
How to use it: Select a color from the color picker.
♻ Filter Degrees
♻ Filter Degrees °: Enable or disable angle filtering and set the angle range.
What it is: A boolean input to filter trendlines by their angle.
What it does: Shows only trendlines within a specified angle range.
How to use it: Check or uncheck the box to enable or disable.
Additional Info: Angles outside this range will be filtered out.
🔢 Angle Range
Angle Range: Set the angle range for filtering trendlines.
What it is: Two float inputs to set the minimum and maximum angle for trendlines.
What it does: Defines the range of angles for which trendlines will be shown.
How to use it: Enter values for the minimum and maximum angles.
➖ Line Style
➖Style #1 & #2: Select the style of the primary and secondary trendlines.
What it is: Two dropdowns to choose between Solid, Dashed, or Dotted for the trendlines.
What it does: Sets the style of the primary and secondary trendlines.
How to use it: Choose a style from each dropdown.
📏 Line Thickness
: Set the thickness for the trendlines.
What it is: An integer input to set the thickness of the trendlines.
What it does: Adjusts the thickness of the trendlines displayed on the chart.
How to use it: Enter a value between 1 and 5.
Additional Information
Trendline Percentage Difference: Setting a percentage difference helps in analyzing the relative position and angle of trendlines.
Filtering by Angle: This feature allows focusing on trendlines within a specific angle range, enhancing the clarity of trend analysis.
BOS & CHOCH Market Structure visuals:
📊 BOS & CHOCH Market Structure Input Settings
📏 Market Structure Length Option
📏Market Structure: Select the market structure length option.
What it is: A dropdown to choose between INTERNAL, EXTERNAL, ALL, CUSTOM, or NONE.
What it does: Sets the type of market structure to be displayed.
How to use it: Choose an option from the dropdown.
Additional Info:
INTERNAL: Only internal structure.
EXTERNAL: Only external structure.
ALL: Both internal and external structures.
CUSTOM: Custom lengths.
NONE: No structure.
🔧 Custom Internal Length
🔧Custom Internal: Specify a custom length for internal market structure.
What it is: An integer input for setting a custom internal length.
What it does: Defines the length of internal market structures if CUSTOM is selected.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
💬 Internal Label Size
💬Internal Label Size: Set the label size for internal market structures.
What it is: A dropdown to select the size of the labels.
What it does: Changes the size of the labels for internal market structures.
How to use it: Choose a size from the dropdown (XS, S, M, L, XL).
🟩 Internal Bullish Color
Internal Bullish Color: Set the color for bullish internal market structures.
What it is: A color picker to set the color of bullish internal market structures.
What it does: Changes the color of bullish internal market structures on the chart.
How to use it: Select a color from the color picker.
🟥 Internal Bearish Color
Internal Bearish Color: Set the color for bearish internal market structures.
What it is: A color picker to set the color of bearish internal market structures.
What it does: Changes the color of bearish internal market structures on the chart.
How to use it: Select a color from the color picker.
🔧 Custom External Length
🔧Custom External: Specify a custom length for external market structure.
What it is: An integer input for setting a custom external length.
What it does: Defines the length of external market structures if CUSTOM is selected.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
💬 External Label Size
💬External Label Size: Set the label size for external market structures.
What it is: A dropdown to select the size of the labels.
What it does: Changes the size of the labels for external market structures.
How to use it: Choose a size from the dropdown (XS, S, M, L, XL).
🟩 External Bullish Color
External Bullish Color: Set the color for bullish external market structures.
What it is: A color picker to set the color of bullish external market structures.
What it does: Changes the color of bullish external market structures on the chart.
How to use it: Select a color from the color picker.
🟥 External Bearish Color
External Bearish Color: Set the color for bearish external market structures.
What it is: A color picker to set the color of bearish external market structures.
What it does: Changes the color of bearish external market structures on the chart.
How to use it: Select a color from the color picker.
📐 Show Equal Highs and Lows
EQL & EQH📐: Toggle visibility for equal highs and lows.
What it is: A boolean input to show or hide equal highs and lows.
What it does: Displays or hides equal highs and lows on the chart.
How to use it: Check or uncheck the box to enable or disable.
📏 Equal Highs and Lows Threshold
Equal Highs and Lows Threshold: Set the threshold for equal highs and lows.
What it is: A float input to set the threshold for equal highs and lows.
What it does: Defines the range within which highs and lows are considered equal.
How to use it: Enter a value between 0 and 10.
💬 Label Size for Equal Highs and Lows
💬Label Size for Equal Highs and Lows: Set the label size for equal highs and lows.
What it is: A dropdown to select the size of the labels.
What it does: Changes the size of the labels for equal highs and lows.
How to use it: Choose a size from the dropdown (XS, S, M, L, XL).
🟩 Bullish Color for Equal Highs and Lows
Bullish Color for Equal Highs and Lows: Set the color for bullish equal highs and lows.
What it is: A color picker to set the color of bullish equal highs and lows.
What it does: Changes the color of bullish equal highs and lows on the chart.
How to use it: Select a color from the color picker.
🟥 Bearish Color for Equal Highs and Lows
Bearish Color for Equal Highs and Lows: Set the color for bearish equal highs and lows.
What it is: A color picker to set the color of bearish equal highs and lows.
What it does: Changes the color of bearish equal highs and lows on the chart.
How to use it: Select a color from the color picker.
📏 Show Swing Points
Swing Points📏: Toggle visibility for swing points.
What it is: A boolean input to show or hide swing points.
What it does: Displays or hides swing points on the chart.
How to use it: Check or uncheck the box to enable or disable.
📏 Swing Points Length Option
Swing Points Length Option: Select the length for swing points.
What it is: A dropdown to choose between SHORT, MID, LONG, or CUSTOM.
What it does: Sets the length of swing points.
How to use it: Choose an option from the dropdown.
Additional Info: Default lengths are SHORT=10, MID=28, LONG=50.
💬 Swing Points Label Size
💬Swing Points Label Size: Set the label size for swing points.
What it is: A dropdown to select the size of the labels.
What it does: Changes the size of the labels for swing points.
How to use it: Choose a size from the dropdown (XS, S, M, L, XL).
🎨 Swing Points Color
Swing Points Color: Set the color for swing points.
What it is: A color picker to set the color of swing points.
What it does: Changes the color of swing points on the chart.
How to use it: Select a color from the color picker.
🔧 Custom Swing Points Length
🔧Custom Swings: Specify a custom length for swing points.
What it is: An integer input for setting a custom length for swing points.
What it does: Defines the length of swing points if CUSTOM is selected.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
Additional Information
Market Structure Types: Understanding internal and external structures helps in analyzing different market behaviors.
Equal Highs and Lows: This feature identifies areas where price action is balanced, which can be significant for trading strategies.
Swing Points: Highlighting swing points aids in recognizing significant market reversals or continuations.
Benefits
Enhance your trading strategy by visualizing smart money's influence on price movements.
Make informed decisions with real-time data on significant market structures.
Reduce manual analysis with automated detection of key trading signals.
Ideal For
Traders looking for an edge in forex, equities, and cryptocurrency markets by understanding the underlying forces driving market dynamics.
Acknowledgements
Special thanks to these amazing creators for inspiration and their creations:
I want to thank these amazing creators for creating there amazing indicators , that inspired me and also gave me a head start by making this indicator! Without their amazing indicators it wouldn't be possible!
Flux Charts: Volumized Order Blocks
LuxAlgo: Trend Lines
UAlgo: Fair Value Gaps (FVG)
By Leviathan: Market Structure
Sonarlab: Liquidity Levels
Note
Remember to always backtest the indicator first before integrating it into your strategy! For any questions about the indicator, please feel free to ask for assistance.
在腳本中搜尋"text"
LabelManagementLabel management with fluent configuration, change tracking, and named registry
LabelManagement is a Pine Script library for creating and managing dynamic chart labels. Built with a fluent-style API , it simplifies label creation, styling, positioning, and content updates through method chaining and centralized control.
Manage 'sticky' labels easily across bars with expressive, readable code that reduces clutter and improves code clarity.
Example usage:
// Close label – to the right of the last bar
labels.get("close")
.style(label.style_label_left)
.bgColor(color.gray)
.xy(bar_index, close)
.textValue("C: " + str.tostring(close, "#.##"))
.textColor(color.white)
.tooltip("This is the close price")
.apply()
Key features:
Fluent API – Build and update labels using a chainable configuration flow
Named label registry – Access and manage labels by name, e.g., "entry", "stop", "target"
Change tracking – Update only when necessary to reduce redraws
Deferred application – Apply all changes in one efficient operation
Centralized control – Works well in modular or multi-label environments
This library is designed for Pine developers who want more control and less boilerplate when managing visual elements on the chart.
method clone(this)
Creates a new LabelConfig by copying all properties from this instance
Namespace types: LabelConfig
Parameters:
this (LabelConfig) : (LabelConfig) The LabelConfig instance
Returns: (LabelConfig) New LabelConfig instance with identical properties
method applyTo(this, target)
Applies configuration to specified label (required parameter)
Namespace types: LabelConfig
Parameters:
this (LabelConfig) : (LabelConfig) The LabelConfig instance
target (label) : (label) Label to apply config to
Returns: (LabelConfig) Self-reference for method chaining
method update(this, updates)
Creates a new LabelUpdater with change tracking for this label
Namespace types: series label
Parameters:
this (label) : (label) The label instance
updates (LabelConfig) : (LabelConfig) Optional existing config to apply and reuse (if provided, applies to label first)
Returns: (LabelUpdater) New LabelUpdater with blank configs for change tracking
method x(this, value)
Sets the X coordinate with change tracking (fluent interface)
Namespace types: LabelUpdater
Parameters:
this (LabelUpdater) : (LabelUpdater) The LabelUpdater instance
value (int) : (int) New X coordinate
Returns: (LabelUpdater) Self-reference for method chaining
method y(this, value)
Sets the Y coordinate with change tracking (fluent interface)
Namespace types: LabelUpdater
Parameters:
this (LabelUpdater) : (LabelUpdater) The LabelUpdater instance
value (float) : (float) New Y coordinate
Returns: (LabelUpdater) Self-reference for method chaining
method xy(this, x, y)
Sets both X and Y coordinates with change tracking (fluent interface)
Namespace types: LabelUpdater
Parameters:
this (LabelUpdater) : (LabelUpdater) The LabelUpdater instance
x (int) : (int) New X coordinate
y (float) : (float) New Y coordinate
Returns: (LabelUpdater) Self-reference for method chaining
method textValue(this, value)
Sets the text content with change tracking (fluent interface)
Namespace types: LabelUpdater
Parameters:
this (LabelUpdater) : (LabelUpdater) The LabelUpdater instance
value (string) : (string) New text content
Returns: (LabelUpdater) Self-reference for method chaining
method textColor(this, value)
Sets the text color with change tracking (fluent interface)
Namespace types: LabelUpdater
Parameters:
this (LabelUpdater) : (LabelUpdater) The LabelUpdater instance
value (color) : (color) New text color
Returns: (LabelUpdater) Self-reference for method chaining
method textSize(this, value)
Sets the text size with change tracking (fluent interface)
Namespace types: LabelUpdater
Parameters:
this (LabelUpdater) : (LabelUpdater) The LabelUpdater instance
value (string) : (string) New text size
Returns: (LabelUpdater) Self-reference for method chaining
method bgColor(this, value)
Sets the background color with change tracking (fluent interface)
Namespace types: LabelUpdater
Parameters:
this (LabelUpdater) : (LabelUpdater) The LabelUpdater instance
value (color) : (color) New background color
Returns: (LabelUpdater) Self-reference for method chaining
method style(this, value)
Sets the label style with change tracking (fluent interface)
Namespace types: LabelUpdater
Parameters:
this (LabelUpdater) : (LabelUpdater) The LabelUpdater instance
value (string) : (string) New style
Returns: (LabelUpdater) Self-reference for method chaining
method yloc(this, value)
Sets the Y location mode with change tracking (fluent interface)
Namespace types: LabelUpdater
Parameters:
this (LabelUpdater) : (LabelUpdater) The LabelUpdater instance
value (string) : (string) New yloc
Returns: (LabelUpdater) Self-reference for method chaining
method xloc(this, value)
Sets the X location mode with change tracking (fluent interface)
Namespace types: LabelUpdater
Parameters:
this (LabelUpdater) : (LabelUpdater) The LabelUpdater instance
value (string) : (string) New xloc
Returns: (LabelUpdater) Self-reference for method chaining
method tooltip(this, value)
Sets the tooltip content with change tracking (fluent interface)
Namespace types: LabelUpdater
Parameters:
this (LabelUpdater) : (LabelUpdater) The LabelUpdater instance
value (string) : (string) New tooltip content
Returns: (LabelUpdater) Self-reference for method chaining
method size(this, value)
Sets the text size with change tracking (fluent interface) - alias for textSize
Namespace types: LabelUpdater
Parameters:
this (LabelUpdater) : (LabelUpdater) The LabelUpdater instance
value (string) : (string) New text size
Returns: (LabelUpdater) Self-reference for method chaining
method size(this)
Gets the count of registered labels
Namespace types: LabelManager
Parameters:
this (LabelManager) : (LabelManager) The LabelManager instance
Returns: (int) Number of labels in the registry
method apply(this)
Applies pending changes to linked label and updates tracking
Namespace types: LabelUpdater
Parameters:
this (LabelUpdater) : (LabelUpdater) The LabelUpdater instance
Returns: (LabelUpdater) Self-reference for method chaining
method get(this, name)
Gets or creates a LabelUpdater for the specified name
Namespace types: LabelManager
Parameters:
this (LabelManager) : (LabelManager) The LabelManager instance
name (string) : (string) Unique identifier for the label
Returns: (LabelUpdater) Existing or newly created LabelUpdater for the name
method has(this, name)
Checks if a label with the specified name exists
Namespace types: LabelManager
Parameters:
this (LabelManager) : (LabelManager) The LabelManager instance
name (string) : (string) Name to check for existence
Returns: (bool) True if label exists, false otherwise
method remove(this, name)
Removes a label from the registry and deletes the underlying Pine Script label
Namespace types: LabelManager
Parameters:
this (LabelManager) : (LabelManager) The LabelManager instance
name (string) : (string) Name of the label to remove
Returns: (LabelManager) Self-reference for method chaining
method clear(this)
Removes all labels from registry and deletes all underlying Pine Script labels
Namespace types: LabelManager
Parameters:
this (LabelManager) : (LabelManager) The LabelManager instance
Returns: (LabelManager) Self-reference for method chaining
newManager()
Creates a new LabelManager with empty registry
Returns: (LabelManager) New LabelManager instance ready for use
LabelConfig
LabelConfig Configuration object for label appearance and positioning
Fields:
x (series int) : (series int) X-coordinate (na = unchanged)
y (series float) : (series float) Y-coordinate (na = unchanged)
style (series string) : (series string) Label style (na = unchanged)
yloc (series string) : (series string) Y-location type (na = unchanged)
xloc (series string) : (series string) X-location type (na = unchanged)
bgColor (series color) : (series color) Background color (na = unchanged)
textValue (series string) : (series string) Label text content (na = unchanged)
textSize (series string) : (series string) Text size (na = unchanged)
textColor (series color) : (series color) Text color (na = unchanged)
tooltip (series string) : (series string) Tooltip text (na = unchanged)
LabelUpdater
LabelUpdater Smart label updater with change tracking and minimal updates
Fields:
label (series label) : (label) Reference to the label being updated
latest (LabelConfig) : (LabelConfig) Current known state of the label
updates (LabelConfig) : (LabelConfig) Pending changes to apply
LabelManager
LabelManager Central registry for managing named labels with automatic creation
Fields:
registry (map) : (map) Internal storage mapping names to LabelUpdater instances
Casa_TableLibrary "Casa_Table"
A powerful library for creating customizable tables from data arrays and matrices.
Features flexible formatting options including:
- Multiple function implementations for different levels of control
- Consistent column counts required across matrix rows
- Matching dimensions needed for color arrays/matrices
- Cell spanning capabilities across rows/columns
- Rich examples demonstrating proper data structure setup
The library makes it easy to transform your data into professional-looking
tables while maintaining full control over their visual appearance.
floatArrayToCellArray(floatArray)
Helper function that converts a float array to a Cell array so it can be rendered with the fromArray function
Parameters:
floatArray (array) : (array) the float array to convert to a Cell array.
Returns: array The Cell array to return.
stringArrayToCellArray(stringArray)
Helper function that converts a string array to a Cell array so it can be rendered with the fromArray function
Parameters:
stringArray (array) : (array) the array to convert to a Cell array.
Returns: array The Cell array to return.
floatMatrixToCellMatrix(floatMatrix)
Helper function that converts a float matrix to a Cell matrix so it can be rendered with the fromMatrix function
Parameters:
floatMatrix (matrix) : (matrix) the float matrix to convert to a string matrix.
Returns: matrix The Cell matrix to render.
stringMatrixToCellMatrix(stringMatrix)
Helper function that converts a string matrix to a Cell matrix so it can be rendered with the fromMatrix function
Parameters:
stringMatrix (matrix) : (matrix) the string matrix to convert to a Cell matrix.
Returns: matrix The Cell matrix to return.
fromMatrix(CellMatrix, position, verticalOffset, transposeTable, textSize, borderWidth, tableNumRows, blankCellText)
Takes a CellMatrix and renders it as a table.
Parameters:
CellMatrix (matrix) : (matrix) The Cells to be rendered in a table
position (string) : (string) Optional. The position of the table. Defaults to position.top_right
verticalOffset (int) : (int) Optional. The vertical offset of the table from the top or bottom of the chart. Defaults to 0.
transposeTable (bool) : (bool) Optional. Will transpose all of the data in the matrices before rendering. Defaults to false.
textSize (string) : (string) Optional. The size of text to render in the table. Defaults to size.small.
borderWidth (int) : (int) Optional. The width of the border between table cells. Defaults to 2.
tableNumRows (int) : (int) Optional. The number of rows in the table. Not required, defaults to the number of rows in the provided matrix. If your matrix will have a variable number of rows, you must provide the max number of rows or the function will error when it attempts to set a cell value on a row that the table hadn't accounted for when it was defined.
blankCellText (string) : (string) Optional. Text to use cells when adding blank rows for vertical offsetting.
fromMatrix(dataMatrix, position, verticalOffset, transposeTable, textSize, borderWidth, tableNumRows, blankCellText)
Renders a float matrix as a table.
Parameters:
dataMatrix (matrix) : (matrix_float) The data to be rendered in a table
position (string) : (string) Optional. The position of the table. Defaults to position.top_right
verticalOffset (int) : (int) Optional. The vertical offset of the table from the top or bottom of the chart. Defaults to 0.
transposeTable (bool) : (bool) Optional. Will transpose all of the data in the matrices before rendering. Defaults to false.
textSize (string) : (string) Optional. The size of text to render in the table. Defaults to size.small.
borderWidth (int) : (int) Optional. The width of the border between table cells. Defaults to 2.
tableNumRows (int) : (int) Optional. The number of rows in the table. Not required, defaults to the number of rows in the provided matrix. If your matrix will have a variable number of rows, you must provide the max number of rows or the function will error when it attempts to set a cell value on a row that the table hadn't accounted for when it was defined.
blankCellText (string) : (string) Optional. Text to use cells when adding blank rows for vertical offsetting.
fromMatrix(dataMatrix, position, verticalOffset, transposeTable, textSize, borderWidth, tableNumRows, blankCellText)
Renders a string matrix as a table.
Parameters:
dataMatrix (matrix) : (matrix_string) The data to be rendered in a table
position (string) : (string) Optional. The position of the table. Defaults to position.top_right
verticalOffset (int) : (int) Optional. The vertical offset of the table from the top or bottom of the chart. Defaults to 0.
transposeTable (bool) : (bool) Optional. Will transpose all of the data in the matrices before rendering. Defaults to false.
textSize (string) : (string) Optional. The size of text to render in the table. Defaults to size.small.
borderWidth (int) : (int) Optional. The width of the border between table cells. Defaults to 2.
tableNumRows (int) : (int) Optional. The number of rows in the table. Not required, defaults to the number of rows in the provided matrix. If your matrix will have a variable number of rows, you must provide the max number of rows or the function will error when it attempts to set a cell value on a row that the table hadn't accounted for when it was defined.
blankCellText (string) : (string) Optional. Text to use cells when adding blank rows for vertical offsetting.
fromArray(dataArray, position, verticalOffset, transposeTable, textSize, borderWidth, blankCellText)
Renders a Cell array as a table.
Parameters:
dataArray (array) : (array) The data to be rendered in a table
position (string) : (string) Optional. The position of the table. Defaults to position.top_right
verticalOffset (int) : (int) Optional. The vertical offset of the table from the top or bottom of the chart. Defaults to 0.
transposeTable (bool) : (bool) Optional. Will transpose all of the data in the matrices before rendering. Defaults to false.
textSize (string) : (string) Optional. The size of text to render in the table. Defaults to size.small.
borderWidth (int) : (int) Optional. The width of the border between table cells. Defaults to 2.
blankCellText (string) : (string) Optional. Text to use cells when adding blank rows for vertical offsetting.
fromArray(dataArray, position, verticalOffset, transposeTable, textSize, borderWidth, blankCellText)
Renders a string array as a table.
Parameters:
dataArray (array) : (array_string) The data to be rendered in a table
position (string) : (string) Optional. The position of the table. Defaults to position.top_right
verticalOffset (int) : (int) Optional. The vertical offset of the table from the top or bottom of the chart. Defaults to 0.
transposeTable (bool) : (bool) Optional. Will transpose all of the data in the matrices before rendering. Defaults to false.
textSize (string) : (string) Optional. The size of text to render in the table. Defaults to size.small.
borderWidth (int) : (int) Optional. The width of the border between table cells. Defaults to 2.
blankCellText (string) : (string) Optional. Text to use cells when adding blank rows for vertical offsetting.
fromArray(dataArray, position, verticalOffset, transposeTable, textSize, borderWidth, blankCellText)
Renders a float array as a table.
Parameters:
dataArray (array) : (array_float) The data to be rendered in a table
position (string) : (string) Optional. The position of the table. Defaults to position.top_right
verticalOffset (int) : (int) Optional. The vertical offset of the table from the top or bottom of the chart. Defaults to 0.
transposeTable (bool) : (bool) Optional. Will transpose all of the data in the matrices before rendering. Defaults to false.
textSize (string) : (string) Optional. The size of text to render in the table. Defaults to size.small.
borderWidth (int) : (int) Optional. The width of the border between table cells. Defaults to 2.
blankCellText (string) : (string) Optional. Text to use cells when adding blank rows for vertical offsetting.
debug(message, position)
Renders a debug message in a table at the desired location on screen.
Parameters:
message (string) : (string) The message to render.
position (string) : (string) Optional. The position of the debug message. Defaults to position.middle_right.
Cell
Type for each cell's content and appearance
Fields:
content (series string)
bgColor (series color)
textColor (series color)
align (series string)
colspan (series int)
rowspan (series int)
Delta Flow Profile [LuxAlgo]The Delta Flow Profile is a charting tool that tracks and visualizes money flow and the difference between buying and selling pressure accumulated within multiple price ranges over a specified period. It reveals the relationship between an asset's price and traders' willingness to buy or sell, helping traders identify significant price levels and analyze market activity.
The Normalized Profile displays the percentage of money flow at each price level relative to the maximum money flow level, enabling traders to easily compare levels and understand the relative importance of each price point in the context of overall trading activity.
🔶 USAGE
The Delta Flow Profile is made of two principal components with different usability, each one of them described in the sub-sections below.
🔹 Money Flow Profile
The Money Flow Profile illustrates the total buying and selling activity at different price ranges. By analyzing this profile, users can identify key price zones with substantial buying or selling pressure. These zones can often act as potential support or resistance.
The rows of the Money Flow Profile represent the trading activity at specific price ranges over a given period.
A normalized profile is included to compare each zone relative to the peak money flow using a percentage, with 100% indicating that a price range is the one with the highest accumulated money flow.
🔹 Delta Profile
The Delta Profile assesses the dominant sentiment (buying or selling) from volume delta at different price levels to gauge market sentiment and potential reversals.
Delta Profile rows with more significant buying or selling volume indicate dominance from one side of the market in that specific price area. Price coming back to that area might indicate willingness from a dominant side to further accumulate orders within it, potentially causing price to follow the direction established by this dominant side afterward.
The volume delta is determined from the user-selected Polarity Method, with "Bar Polarity" using candle sentiment to determine if a bar associated volume is buying or selling volume, and "Bar Buying/Selling Pressure" making use of the high/low price to obtain more precise results.
🔹 Level of Significance
Users can quickly highlight the price levels with the highest recorded money flow activity through the included "Level of Significance". Various display methods are included:
Developing: Show the price level with the highest recorded money flow activity spanning over the indicator calculation interval.
Level: Show the price level with the highest recorded money flow activity.
Row: Show the price zone with the highest recorded money flow activity.
These levels/zones can be used as potential support/resistance points and can serve as a reference of where prices might go next for market participants to accumulate orders.
🔶 SETTINGS
The script offers a range of customizable settings to tailor the analysis to your trading needs.
🔹 Calculation Settings
Money Flow Profile: Toggles the visibility of the Money Flow Profile.
Normalized: Toggles the visibility of the Normalized Profile.
Sentiment Profile: Toggles the visibility of the Sentiment Profile.
Polarity Method: Choose between Bar Polarity or Bar Buying/Selling Pressure to calculate the Sentiment Profile.
Level of Significance: Toggles the visibility of the level of significance line/zone.
Lookback Length / Fixed Range: Sets the lookback length.
Number of Rows: Specify how many rows each profile histogram will have.
🔹 Display Settings
Profile Width %: Alters the width of the rows in the histogram, relative to the profile length.
Profile Horizontal Offset: Enables moving the profile on the horizontal axis.
Profile Text: Toggles the visibility of profile texts, and alters the size of the text. Setting to Auto will keep the text within the box limits.
Currency: Extends the profile text with the traded currency.
Profile Price Levels: Toggles the visibility of the profile price levels.
🔶 RELATED SCRIPTS
Money-Flow-Profile
Volume-Profile-with-Node-Detection
TableLibrary "Table"
This library provides an easy way to convert arrays and matrixes of data into tables. There are a few different implementations of each function so you can get more or less control over the appearance of the tables. The basic rule of thumb is that all matrix rows must have the same number of columns, and if you are providing multiple arrays/matrixes to specify additional colors (background/text), they must have the same number of rows/columns as the data array. Finally, you do have the option of spanning cells across rows or columns with some special syntax in the data cell. Look at the examples to see how the arrays and matrixes need to be built before they can be used by the functions.
floatArrayToCellArray(floatArray)
Helper function that converts a float array to a Cell array so it can be rendered with the fromArray function
Parameters:
floatArray (float ) : (array) the float array to convert to a Cell array.
Returns: array The Cell array to return.
stringArrayToCellArray(stringArray)
Helper function that converts a string array to a Cell array so it can be rendered with the fromArray function
Parameters:
stringArray (string ) : (array) the array to convert to a Cell array.
Returns: array The Cell array to return.
floatMatrixToCellMatrix(floatMatrix)
Helper function that converts a float matrix to a Cell matrix so it can be rendered with the fromMatrix function
Parameters:
floatMatrix (matrix) : (matrix) the float matrix to convert to a string matrix.
Returns: matrix The Cell matrix to render.
stringMatrixToCellMatrix(stringMatrix)
Helper function that converts a string matrix to a Cell matrix so it can be rendered with the fromMatrix function
Parameters:
stringMatrix (matrix) : (matrix) the string matrix to convert to a Cell matrix.
Returns: matrix The Cell matrix to return.
fromMatrix(CellMatrix, position, verticalOffset, transposeTable, textSize, borderWidth, tableNumRows, blankCellText)
Takes a CellMatrix and renders it as a table.
Parameters:
CellMatrix (matrix) : (matrix) The Cells to be rendered in a table
position (string) : (string) Optional. The position of the table. Defaults to position.top_right
verticalOffset (int) : (int) Optional. The vertical offset of the table from the top or bottom of the chart. Defaults to 0.
transposeTable (bool) : (bool) Optional. Will transpose all of the data in the matrices before rendering. Defaults to false.
textSize (string) : (string) Optional. The size of text to render in the table. Defaults to size.small.
borderWidth (int) : (int) Optional. The width of the border between table cells. Defaults to 2.
tableNumRows (int) : (int) Optional. The number of rows in the table. Not required, defaults to the number of rows in the provided matrix. If your matrix will have a variable number of rows, you must provide the max number of rows or the function will error when it attempts to set a cell value on a row that the table hadn't accounted for when it was defined.
blankCellText (string) : (string) Optional. Text to use cells when adding blank rows for vertical offsetting.
fromMatrix(dataMatrix, position, verticalOffset, transposeTable, textSize, borderWidth, tableNumRows, blankCellText)
Renders a float matrix as a table.
Parameters:
dataMatrix (matrix) : (matrix_float) The data to be rendered in a table
position (string) : (string) Optional. The position of the table. Defaults to position.top_right
verticalOffset (int) : (int) Optional. The vertical offset of the table from the top or bottom of the chart. Defaults to 0.
transposeTable (bool) : (bool) Optional. Will transpose all of the data in the matrices before rendering. Defaults to false.
textSize (string) : (string) Optional. The size of text to render in the table. Defaults to size.small.
borderWidth (int) : (int) Optional. The width of the border between table cells. Defaults to 2.
tableNumRows (int) : (int) Optional. The number of rows in the table. Not required, defaults to the number of rows in the provided matrix. If your matrix will have a variable number of rows, you must provide the max number of rows or the function will error when it attempts to set a cell value on a row that the table hadn't accounted for when it was defined.
blankCellText (string) : (string) Optional. Text to use cells when adding blank rows for vertical offsetting.
fromMatrix(dataMatrix, position, verticalOffset, transposeTable, textSize, borderWidth, tableNumRows, blankCellText)
Renders a string matrix as a table.
Parameters:
dataMatrix (matrix) : (matrix_string) The data to be rendered in a table
position (string) : (string) Optional. The position of the table. Defaults to position.top_right
verticalOffset (int) : (int) Optional. The vertical offset of the table from the top or bottom of the chart. Defaults to 0.
transposeTable (bool) : (bool) Optional. Will transpose all of the data in the matrices before rendering. Defaults to false.
textSize (string) : (string) Optional. The size of text to render in the table. Defaults to size.small.
borderWidth (int) : (int) Optional. The width of the border between table cells. Defaults to 2.
tableNumRows (int) : (int) Optional. The number of rows in the table. Not required, defaults to the number of rows in the provided matrix. If your matrix will have a variable number of rows, you must provide the max number of rows or the function will error when it attempts to set a cell value on a row that the table hadn't accounted for when it was defined.
blankCellText (string) : (string) Optional. Text to use cells when adding blank rows for vertical offsetting.
fromArray(dataArray, position, verticalOffset, transposeTable, textSize, borderWidth, blankCellText)
Renders a Cell array as a table.
Parameters:
dataArray (Cell ) : (array) The data to be rendered in a table
position (string) : (string) Optional. The position of the table. Defaults to position.top_right
verticalOffset (int) : (int) Optional. The vertical offset of the table from the top or bottom of the chart. Defaults to 0.
transposeTable (bool) : (bool) Optional. Will transpose all of the data in the matrices before rendering. Defaults to false.
textSize (string) : (string) Optional. The size of text to render in the table. Defaults to size.small.
borderWidth (int) : (int) Optional. The width of the border between table cells. Defaults to 2.
blankCellText (string) : (string) Optional. Text to use cells when adding blank rows for vertical offsetting.
fromArray(dataArray, position, verticalOffset, transposeTable, textSize, borderWidth, blankCellText)
Renders a string array as a table.
Parameters:
dataArray (string ) : (array_string) The data to be rendered in a table
position (string) : (string) Optional. The position of the table. Defaults to position.top_right
verticalOffset (int) : (int) Optional. The vertical offset of the table from the top or bottom of the chart. Defaults to 0.
transposeTable (bool) : (bool) Optional. Will transpose all of the data in the matrices before rendering. Defaults to false.
textSize (string) : (string) Optional. The size of text to render in the table. Defaults to size.small.
borderWidth (int) : (int) Optional. The width of the border between table cells. Defaults to 2.
blankCellText (string) : (string) Optional. Text to use cells when adding blank rows for vertical offsetting.
fromArray(dataArray, position, verticalOffset, transposeTable, textSize, borderWidth, blankCellText)
Renders a float array as a table.
Parameters:
dataArray (float ) : (array_float) The data to be rendered in a table
position (string) : (string) Optional. The position of the table. Defaults to position.top_right
verticalOffset (int) : (int) Optional. The vertical offset of the table from the top or bottom of the chart. Defaults to 0.
transposeTable (bool) : (bool) Optional. Will transpose all of the data in the matrices before rendering. Defaults to false.
textSize (string) : (string) Optional. The size of text to render in the table. Defaults to size.small.
borderWidth (int) : (int) Optional. The width of the border between table cells. Defaults to 2.
blankCellText (string) : (string) Optional. Text to use cells when adding blank rows for vertical offsetting.
debug(message, position)
Renders a debug message in a table at the desired location on screen.
Parameters:
message (string) : (string) The message to render.
position (string) : (string) Optional. The position of the debug message. Defaults to position.middle_right.
Cell
Type for each cell's content and appearance
Fields:
content (series string)
bgColor (series color)
textColor (series color)
align (series string)
colspan (series int)
rowspan (series int)
Scoopy StacksWaffle Around Multiple
(Open, High, Low, Close) Stacks On
Pre/Post Market & (Daily, Weekly,
Monthly, Yearly) Sessions With
Meticulous Columns, Rows, Tooltips,
Colors, Custom Ideas, and Alerts.
Sessions Use Two Step Incremental Values
Default Value: (1) Shows Two Previous
(O, H, L, C); Increasing Value Swaps
Sessions With Next Two Stacks.
⬛️ KEY WORDS:
🟢 Crossover | 🔴 Crossunder
📗 High | 📕 Low
📔 Open | 📓 Close
🥇 First Idea | 🥈 Second Idea
🥉 Third Idea | 🎖️ Fourth Idea
🟥 ALERTS:
Default Option: (Per Bar)
Alerts Once Conditions Are Met
(Bar Close) Alerts When Bar Closes
Default Option: (Reg)
Alerts During Regular Market
Trading Hours, (0930-1600)
(Ext) Alerts During Extended
Market Hours, (1600-0930)
(24/7) Alerts All Day
Optional Preferences:
Regular Alerts - Stocks
Extended Alerts - Futures
24/7 Alerts - Crypto
🟧 STACKS:
Default Value: (1)
Incremental Stack Value, Increasing Value
Swaps Sessions With the Next Two Stacks
(✓) Swap Stacks?
Pre/Post Market High/Lows,
1-2 Day High/Lows, 1-2 Week High/Lows,
1-2 Month High/Lows, 1-2 Year High/Lows
( ) Swap Stacks?
Pre/Post Market Open/Close,
1-2 Day Open/Close, 1-2 Week Open/Close,
1-2 Month Open/Close, 1-2 Year Open/Close
🟨 EXAMPLES:
Default Stack:
🟢 | 📗 Pre Market High (PRE) | 4600.00
🔴 | 📕 Post Market Low (POST) | 420.00
Optional: (Open)
🟢 | 📔 Post Market Open (POST) | 4400.00
Optional: (Close)
🔴 | 📓 Pre Market Close (PRE) | 430.00
Default Stack Value: (1)
🔴 | 📗 1 Day High (1DH) | 460.00
Next Stack Value: (3)
🟢 | 📕 4 Day Low (4DL) | 420.00
Optional: (Open)
🔴 | 📔 2 Day Open (2DO) | 440.00
Optional: (Close)
🟢 | 📓 3 Day Close (3DC) | 430.00
Default Stack Value: (5)
🟢 | 📗 5 Week High (5WH) | 460.00
Next Stack Value: (7)
🔴 | 📕 8 Week Low (8WL) | 420.00
Optional: (Open)
🔴 | 📔 7 Week Open (7WO) | 4400.00
Optional: (Close)
🟢 | 📓 6 Week Close (6WC) | 430.00
Default Stack Value: (9)
🔴 | 📗 9 Month High (9MH) | 460.00
Next Stack Value: (11)
🟢 | 📕 12 Month Low (12ML) | 420.00
Optional: (Open)
🟢 | 📔 11 Month Open (11MO) | 4400.00
Optional: (Close)
🔴 | 📓 10 Month Close (10MC) | 430.00
Default Stack Value: (13)
🟢 | 📗 13 Year High (13YH) | 460.00
Next Stack Value: (15)
🟢 | 📕 16 Year Low (16YL) | 420.00
Optional: (Open)
🔴 | 📔 15 Year Open (15YO) | 4400.00
Optional: (Close)
🔴 | 📓 14 Year Close (14YC) | 430.00
🟩 TABLES:
Default Value: (1)
Moves Table Up, Down, Left, or Right
Based on Second Default Value
First Default Value: (Top Right)
Sets Table Placement, Middle Center
Allows Table To Move In All Directions
Second Default Value: (Default)
Fixed Table Position, Switching Values
Moves Direction of the Table
🟦 IDEAS:
(✓) Show Ideas?
Shows Four Ideas With Custom Texts
and Values; Ideas Are Based Around
Post-It Note Reminders with Alerts
Suggestions For Text Ideas:
Take Profit, Stop Loss, Trim, Hold,
Long, Short, Bounce Spot, Retest,
Chop, Support, Resistance, Buy, Sell
🟪 EXAMPLES:
Default Value: (5)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (🥇)
Shown On First Table Cell and
Message Appearing On Alerts
Alert Shows: 🟢 | 🥇 | 5.00
Default Value: (10)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (🥈)
Shown On Second Table Cell and
Message Appearing On Alerts
Alert Shows: 🔴 | 🥈 | 10.00
Default Value: (50)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (🥉)
Shown On Third Table Cell and
Message Appearing On Alerts
Alert Shows: 🟢 | 🥉 | 50.00
Default Value: (100)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (🎖️)
Shown On Fourth Table Cell and
Message Appearing On Alerts
Alert Shows: 🔴 | 🎖️ | 100.00
⬛️ REFERENCES:
Pre-market Highs & Lows on regular
trading hours (RTH) chart
By Twingall
Previous Day Week Highs & Lows
By Sbtnc
Screener for 40+ instruments
By QuantNomad
Daily Weekly Monthly Yearly Opens
By Meliksah55
@tk · fractal emas█ OVERVIEW
This script is an indicator that plots short, medium and long moving averages for multiple fractals. This script was based on sharks EMAs by rlvs indicator, that plots multiple rays for each fractals into the chart. The main feature of this indicator is the customizability. The calculation itself is simple as moving average.
█ MOTIVATION
The trader can customize all aspects of the plotted data. The text size, extended line length, the moving average type — exponential, simple, etc... — the length of fractal rays, line style, line width and visibility. To keep minimalist, this indicator simplifies the logic of line colors based on the purpose of each moving averages. To prevent overnoise the chart with multiple lines with multiple colors for each fractal timefraes, the trader needs to keep in mind that the all lines with the "short" moving average color for example, will represents the short moving averages lines for all fractals. This logic is applied for medium and long moving averages either.
█ CONCEPT
The trading concept to use this indicator is to make entries on uptrend or downtrend pullbacks when the asset price reaches the short, medium or long moving averages price levels. But this strategy don't works alone. It needs to be aligned together with others indicators like RSI, Chart Patterns, Support and Resistance, and so on... Even more confluences that you have, bigger are your chances to increase the probability for a successful trade. So, don't use this indicator alone. Compose a trading strategy and use it to improve your analysis.
█ CUSTOMIZATION
This indicator allows the trader to customize the following settings:
GENERAL
Text size
Changes the font size of the labels to improve accessibility.
Type: string
Options: `tiny`, `small`, `normal`, `large`.
Default: `small`
SHORT
Type
Select the Short Moving Average calculation type.
Type: string
Options: `EMA`, `SMA`, `HMA`, `VWMA`, `WMA`.
Default: `EMA`
Length
Changes the base length for the Short Moving Average calculation.
Type: int
Default: 12
Source
Changes the base source for the Short Moving Average calculation.
Type: float
Default: close
Color
The base color that will represent the Short Moving Average.
Type: color
Default: color.rgb(255, 235, 59) (yellow)
Fractal Style
The fractal ray line style.
Type: string
Options: `dotted`, `dashed`, `solid`.
Default: `dotted`
Fractal Width
The fractal ray line width.
Type: string
Options: `1px`, `2px`, `3px`, `4px`.
Default: `1px`
Fractal Ray Length
The fractal ray line length.
Type: int
Default: 12
MEDIUM
Type
Select the Medium Moving Average calculation type.
Type: string
Options: `EMA`, `SMA`, `HMA`, `VWMA`, `WMA`.
Default: `EMA`
Length
Changes the base length for the Medium Moving Average calculation.
Type: int
Default: 26
Source
Changes the base source for the Medium Moving Average calculation.
Type: float
Default: close
Color
The base color that will represent the Short Moving Average.
Type: color
Default: color.rgb(0, 230, 118) (lime)
Fractal Style
The fractal ray line style.
Type: string
Options: `dotted`, `dashed`, `solid`.
Default: `dotted`
Fractal Width
The fractal ray line width.
Type: string
Options: `1px`, `2px`, `3px`, `4px`.
Default: `1px`
Fractal Ray Length
The fractal ray line length.
Type: int
Default: 12
LONG
Type
Select the Long Moving Average calculation type.
Type: string
Options: `EMA`, `SMA`, `HMA`, `VWMA`, `WMA`.
Default: `EMA`
Length
Changes the base length for the Long Moving Average calculation.
Type: int
Default: 200
Source
Changes the base source for the Long Moving Average calculation.
Type: float
Default: close
Color
The base color that will represent the Short Moving Average.
Type: color
Default: color.rgb(255, 82, 82) (red)
Fractal Style
The fractal ray line style.
Type: string
Options: `dotted`, `dashed`, `solid`.
Default: `dotted`
Fractal Width
The fractal ray line width.
Type: string
Options: `1px`, `2px`, `3px`, `4px`.
Default: `1px`
Fractal Ray Length
The fractal ray line length.
Type: int
Default: 12
VISIBILITY
Show Fractal Rays · (Short)
Shows short moving average fractal rays.
Type: bool
Default: true
Show Fractal Rays · (Medium)
Shows short moving average fractal rays.
Type: bool
Default: true
Show Fractal Rays · (Long)
Shows short moving average fractal rays.
Type: bool
Default: true
█ FUNCTIONS
The script contains the following functions:
`fn_labelizeTimeFrame`
Labelize timeframe period in minutes and hours.
Parameters:
tf: (string) Timeframe period to be labelized.
Returns: (string) Labelized timeframe string.
`fn_builtInLineStyle`
Converts simple string to built-in line style variable value.
Parameters:
lineStyle: (string) The line style simple string.
Returns: (string) Built-in line style string value.
`fn_builtInLineWidth`
Converts simple pixel string to line width number value.
Parameters:
lineWidth: (string) The line width pixel simple string.
Returns: (string) Built-in line width number value.
`fn_requestFractal`
Requests fractal data based on `period` given an expression.
Parameters:
period: (string) The period timeframe of fractal.
expression: (series float) The expression to retrieve data from fractal.
Returns: (mixed) A result determined by `expression`.
`fn_plotRay`
Plots line after chart bars.
Parameters:
y: (float) Y axis line position.
label: (string) Label to be ploted after line.
color: (color) Line and label color.
length: (int) Line length.
show: (bool) Flag to display the line. (default: `true`)
lineStyle: (string) Line style to be applied. (default: `line.style_dotted`)
lineWidth: (int) Line width. (default: `1`)
Returns: void
`fn_plotEmaRay`
Plots moving average line for a specific period.
Parameters:
period: (simple string) Period of fractal to retrieve
expression: (series float) The expression to retrieve data from fractal.
color: (color) Line and label color.
length: (int) Line length. (default: `12`)
show: (bool) Flag to display the line. (default: `true`)
lineStyle: (string) Line style to be applied. (default: `line.style_dotted`)
lineWidth: (string) Line width. (default: `1px`)
Returns: void
`fn_plotExtendedEmaRay`
Draws extended line for current timeframe moving average.
Parameters:
coordY: (float) Extended line Y axis position.
textValue: (simple string) Extended line label text.
textColor: (color) Extended line text color.
length: (int) Extended length. (default: `5`)
Returns: void
FrizBugLibrary "FrizBug"
Debug Tools | Pinescript Debugging Tool Kit
All in one Debugger - the benefit of wrapper functions to simply wrap variables or outputs and have the code still execute the same. Perfect for Debugging on Pine
str(inp)
Overloaded tostring like Function for all type+including Object Variables will also do arrays and matricies of all Types
Parameters:
inp : All types
Returns: string
print_label(str, x_offset, y, barstate, style, color, textcolor, text_align, size)
Label Helper Function - only needs the Str input to work
Parameters:
str :
x_offset : offset from last bar + or -
y : price of label
barstate : barstate built in variable
style : label style settin7
color : color setting
textcolor : textcolor
text_align : text align setting
size : text_sise
Returns: label
init()
initializes the database arrays
Returns: tuple | 2 matrix (1 matrix is varip(live) the other is reagular var (Bar))
update(log, live, live_console, log_console, live_lbl, log_lbl)
Put at the very end of your code / This updates all of the consoles
Parameters:
log : This matrix is the one used for Bar updates
live : This matrix is the one used for Real Time updates
live_console : on_offs for the consoles and lbls - call in the update function
log_console : on_offs for the consoles and lbls - call in the update function
live_lbl : on_offs for the consoles and lbls - call in the update function
log_lbl : on_offs for the consoles and lbls - call in the update function
Returns: void
log(log, inp, str_label, off, rows, index_cols, bars_back)
Function Will push to the Console offset to the right of Current bar, This is the main Console - it has 2 Feeds left and right (changeable)"
Parameters:
log : Matrix - Log or Live
inp : All types
str_label : (optional) This input will label it on the feed
off : Useful for when you don't want to remove the function"
rows : when printing or logging a matrix this will shorten the output will show last # of rows"
index_cols : When printing or logging a array or matrix this will shorten the array or the columns of a matrix by the #"
bars_back : Adjustment for Bars Back - Default is 1 (0 for barstate.islast)"
Returns: inp - all types (The log and print functions can be used as wrapper functions see usage below for examples)
Print(log, str_label, off, bars_back)
Function can be used to send information to a label style Console, Can be used as a wrapper function, Similar to str.format use with str()
Parameters:
log :
str_label : (optional) Can be used to label Data sent to the Console
off : Useful for when you don't want to remove the function
bars_back : Adjustment for Bars Back - Default is 1 (0 for barstate.islast)
Returns: string
print(inp, str_label, off, bars_back)
This Function can be used to send information to a label style Console, Can be used as a wrapper function, Overload print function
Parameters:
inp : All types
str_label : string (optional) Can be used to label Data sent to the Console
off : Useful for when you don't want to remove the function
bars_back : Adjustment for Bars Back - Default is 1 (0 for barstate.islast)
Returns: inp - all types (The log and print functions can be used as wrapper functions see usage below for examples)
Credits:
@kaigouthro - for the font library
@RicardoSantos - for the concept I used to make this
Thanks!
Use cases at the bottom
TimeLibraryLibrary "TimeLibrary"
TODO: add library description here
Line_Type_Control(Type)
Line_Type_Control: This function changes between common line types options available are "Solid","Dashed","Dotted"
Parameters:
Type (string) : : The string to choose the line type from
Returns: Line_Type : returns the pine script equivalent of the string input
Text_Size_Switch(Text_Size)
Text_Size_Switch : This function changes between common text sizes options are "Normal", "Tiny", "Small", "Large", "Huge", "Auto"
Parameters:
Text_Size (string) : : The string to choose the text type from
Returns: Text_Type : returns the pine script equivalent of the string input
TF(TF_Period, TF_Multip)
TF generates a string representation of a time frame based on the provided time frame unit (`TF_Period`) and multiplier (`TF_Multip`).
Parameters:
TF_Period (simple string)
TF_Multip (simple int)
Returns: A string that represents the time frame in Pine Script format, depending on the `TF_Period`:
- For "Minute", it returns the multiplier as a string (e.g., "5" for 5 minutes).
- For "Hour", it returns the equivalent number of minutes (e.g., "120" for 2 hours).
- For "Day", it appends "D" to the multiplier (e.g., "2D" for 2 days).
- For "Week", it appends "W" to the multiplier (e.g., "1W" for 1 week).
- For "Month", it appends "M" to the multiplier (e.g., "3M" for 3 months).
If none of these cases match, it returns the current chart's time frame.
TF_Display(Chart_as_Timeframe, TF_Period, TF_Multip)
TF_Display generates a string representation of a time frame based on user-defined inputs or the current chart's time frame settings.
Parameters:
Chart_as_Timeframe (bool) : (bool): Determines whether to use the current chart's time frame or a custom time frame.
TF_Period` (string): The time frame unit (e.g., "Minute", "Hour", "Day", "Week", "Month").
TF_Multip` (int): The multiplier for the time frame (e.g., 15 for 15 minutes, 2 for 2 days).
TF_Period (string)
TF_Multip (int)
Returns: If `Chart_as_Timeframe` is `false`, the function returns a time frame string based on the provided `TF_Period` and `TF_Multip` values (e.g., "5Min", "2D").
If `Chart_as_Timeframe` is `true`, the function determines the current chart's time frame and returns it as a string:
For minute-based time frames, it returns the number of minutes with "Min" (e.g., "15Min") unless it's an exact hour, in which case it returns the hour (e.g., "1H").
For daily, weekly, and monthly time frames, it returns the multiplier with the appropriate unit (e.g., "1D" for daily, "1W" for weekly, "1M" for monthly).
MTF_MS_Display(Chart_as_Timeframe, TF_Period, TF_Multip, Swing_Length)
MTF_MS_Display This function calculates and returns a modified swing length value based on the selected time frame and current chart's time frame.
Parameters:
Chart_as_Timeframe (bool)
TF_Period (string)
TF_Multip (int)
Swing_Length (int)
HTF_Structure_Control(Chart_as_Timeframe, Show_Only_On_Lower_Timeframes, TF_Period, TF_Multip)
Parameters:
Chart_as_Timeframe (bool)
Show_Only_On_Lower_Timeframes (bool)
TF_Period (string)
TF_Multip (int)
BoxLine_LibLibrary "BoxLine_Lib"
personal Library for line and box built in functions
lineXY(x)
get x1,y1,x2,y2 in a tuple
Parameters:
x : TODO: line
Returns: tuple of x1,y1,x2,y2
line(x)
Create line with only the y1 value(when line == na) or all
when line != na set x1,y1,x2,y2 individually just 1 or all
- use just the line value to set the x2 to current bar or time will set to time
- will auto pick xloc.bar_index or xloc.bar_time if not used
Parameters:
x : (line line,int x1,float y1,int x2,float y2,
string xloc,string extend,color color,string style,int width)
Returns: Line
boxXY(x)
get left,top,right,bottom in a tuple
Parameters:
x : box
Returns: tuple of left,top,right,bottom
box(x)
Create line with only the top,bottom value(when line == na) or all
when box != na set left,top,right,bottom individually just 1 or all
- use just the box value to set the right to current bar or time will set to time
- if right is above a number that a bar_index wouldnt be
Parameters:
x : box box,int left,float top,int right,
float bottom,color border_color, int border_width,
string border_style,string extend,string xloc,
color bgcolor,string text,string text_size, color text_color,
string text_halign,string text_valign,string text_wrap)
Returns: TODO: Box
DrawingMethodsLibrary "DrawingMethods"
tostring(this, sortKeys, sortOrder, includeKeys)
Converts DrawingTypes/Point object to string representation
Parameters:
this : DrawingTypes/Point object
sortKeys : If set to true, string output is sorted by keys.
sortOrder : Applicable only if sortKeys is set to true. Positive number will sort them in ascending order whreas negative numer will sort them in descending order. Passing 0 will not sort the keys
includeKeys : Array of string containing selective keys. Optional parmaeter. If not provided, all the keys are considered
Returns: string representation of DrawingTypes/Point
tostring(this, sortKeys, sortOrder, includeKeys)
Converts DrawingTypes/LineProperties object to string representation
Parameters:
this : DrawingTypes/LineProperties object
sortKeys : If set to true, string output is sorted by keys.
sortOrder : Applicable only if sortKeys is set to true. Positive number will sort them in ascending order whreas negative numer will sort them in descending order. Passing 0 will not sort the keys
includeKeys : Array of string containing selective keys. Optional parmaeter. If not provided, all the keys are considered
Returns: string representation of DrawingTypes/LineProperties
tostring(this, sortKeys, sortOrder, includeKeys)
Converts DrawingTypes/Line object to string representation
Parameters:
this : DrawingTypes/Line object
sortKeys : If set to true, string output is sorted by keys.
sortOrder : Applicable only if sortKeys is set to true. Positive number will sort them in ascending order whreas negative numer will sort them in descending order. Passing 0 will not sort the keys
includeKeys : Array of string containing selective keys. Optional parmaeter. If not provided, all the keys are considered
Returns: string representation of DrawingTypes/Line
tostring(this, sortKeys, sortOrder, includeKeys)
Converts DrawingTypes/LabelProperties object to string representation
Parameters:
this : DrawingTypes/LabelProperties object
sortKeys : If set to true, string output is sorted by keys.
sortOrder : Applicable only if sortKeys is set to true. Positive number will sort them in ascending order whreas negative numer will sort them in descending order. Passing 0 will not sort the keys
includeKeys : Array of string containing selective keys. Optional parmaeter. If not provided, all the keys are considered
Returns: string representation of DrawingTypes/LabelProperties
tostring(this, sortKeys, sortOrder, includeKeys)
Converts DrawingTypes/Label object to string representation
Parameters:
this : DrawingTypes/Label object
sortKeys : If set to true, string output is sorted by keys.
sortOrder : Applicable only if sortKeys is set to true. Positive number will sort them in ascending order whreas negative numer will sort them in descending order. Passing 0 will not sort the keys
includeKeys : Array of string containing selective keys. Optional parmaeter. If not provided, all the keys are considered
Returns: string representation of DrawingTypes/Label
tostring(this, sortKeys, sortOrder, includeKeys)
Converts DrawingTypes/Linefill object to string representation
Parameters:
this : DrawingTypes/Linefill object
sortKeys : If set to true, string output is sorted by keys.
sortOrder : Applicable only if sortKeys is set to true. Positive number will sort them in ascending order whreas negative numer will sort them in descending order. Passing 0 will not sort the keys
includeKeys : Array of string containing selective keys. Optional parmaeter. If not provided, all the keys are considered
Returns: string representation of DrawingTypes/Linefill
tostring(this, sortKeys, sortOrder, includeKeys)
Converts DrawingTypes/BoxProperties object to string representation
Parameters:
this : DrawingTypes/BoxProperties object
sortKeys : If set to true, string output is sorted by keys.
sortOrder : Applicable only if sortKeys is set to true. Positive number will sort them in ascending order whreas negative numer will sort them in descending order. Passing 0 will not sort the keys
includeKeys : Array of string containing selective keys. Optional parmaeter. If not provided, all the keys are considered
Returns: string representation of DrawingTypes/BoxProperties
tostring(this, sortKeys, sortOrder, includeKeys)
Converts DrawingTypes/BoxText object to string representation
Parameters:
this : DrawingTypes/BoxText object
sortKeys : If set to true, string output is sorted by keys.
sortOrder : Applicable only if sortKeys is set to true. Positive number will sort them in ascending order whreas negative numer will sort them in descending order. Passing 0 will not sort the keys
includeKeys : Array of string containing selective keys. Optional parmaeter. If not provided, all the keys are considered
Returns: string representation of DrawingTypes/BoxText
tostring(this, sortKeys, sortOrder, includeKeys)
Converts DrawingTypes/Box object to string representation
Parameters:
this : DrawingTypes/Box object
sortKeys : If set to true, string output is sorted by keys.
sortOrder : Applicable only if sortKeys is set to true. Positive number will sort them in ascending order whreas negative numer will sort them in descending order. Passing 0 will not sort the keys
includeKeys : Array of string containing selective keys. Optional parmaeter. If not provided, all the keys are considered
Returns: string representation of DrawingTypes/Box
delete(this)
Deletes line from DrawingTypes/Line object
Parameters:
this : DrawingTypes/Line object
Returns: Line object deleted
delete(this)
Deletes label from DrawingTypes/Label object
Parameters:
this : DrawingTypes/Label object
Returns: Label object deleted
delete(this)
Deletes Linefill from DrawingTypes/Linefill object
Parameters:
this : DrawingTypes/Linefill object
Returns: Linefill object deleted
delete(this)
Deletes box from DrawingTypes/Box object
Parameters:
this : DrawingTypes/Box object
Returns: DrawingTypes/Box object deleted
delete(this)
Deletes lines from array of DrawingTypes/Line objects
Parameters:
this : Array of DrawingTypes/Line objects
Returns: Array of DrawingTypes/Line objects
delete(this)
Deletes labels from array of DrawingTypes/Label objects
Parameters:
this : Array of DrawingTypes/Label objects
Returns: Array of DrawingTypes/Label objects
delete(this)
Deletes linefill from array of DrawingTypes/Linefill objects
Parameters:
this : Array of DrawingTypes/Linefill objects
Returns: Array of DrawingTypes/Linefill objects
delete(this)
Deletes boxes from array of DrawingTypes/Box objects
Parameters:
this : Array of DrawingTypes/Box objects
Returns: Array of DrawingTypes/Box objects
clear(this)
clear items from array of DrawingTypes/Line while deleting underlying objects
Parameters:
this : array
Returns: void
clear(this)
clear items from array of DrawingTypes/Label while deleting underlying objects
Parameters:
this : array
Returns: void
clear(this)
clear items from array of DrawingTypes/Linefill while deleting underlying objects
Parameters:
this : array
Returns: void
clear(this)
clear items from array of DrawingTypes/Box while deleting underlying objects
Parameters:
this : array
Returns: void
draw(this)
Creates line from DrawingTypes/Line object
Parameters:
this : DrawingTypes/Line object
Returns: line created from DrawingTypes/Line object
draw(this)
Creates lines from array of DrawingTypes/Line objects
Parameters:
this : Array of DrawingTypes/Line objects
Returns: Array of DrawingTypes/Line objects
draw(this)
Creates label from DrawingTypes/Label object
Parameters:
this : DrawingTypes/Label object
Returns: label created from DrawingTypes/Label object
draw(this)
Creates labels from array of DrawingTypes/Label objects
Parameters:
this : Array of DrawingTypes/Label objects
Returns: Array of DrawingTypes/Label objects
draw(this)
Creates linefill object from DrawingTypes/Linefill
Parameters:
this : DrawingTypes/Linefill objects
Returns: linefill object created
draw(this)
Creates linefill objects from array of DrawingTypes/Linefill objects
Parameters:
this : Array of DrawingTypes/Linefill objects
Returns: Array of DrawingTypes/Linefill used for creating linefills
draw(this)
Creates box from DrawingTypes/Box object
Parameters:
this : DrawingTypes/Box object
Returns: box created from DrawingTypes/Box object
draw(this)
Creates labels from array of DrawingTypes/Label objects
Parameters:
this : Array of DrawingTypes/Label objects
Returns: Array of DrawingTypes/Label objects
createLabel(this, lblText, tooltip, properties)
Creates DrawingTypes/Label object from DrawingTypes/Point
Parameters:
this : DrawingTypes/Point object
lblText : Label text
tooltip : Tooltip text. Default is na
properties : DrawingTypes/LabelProperties object. Default is na - meaning default values are used.
Returns: DrawingTypes/Label object
createLine(this, other, properties)
Creates DrawingTypes/Line object from one DrawingTypes/Point to other
Parameters:
this : First DrawingTypes/Point object
other : Second DrawingTypes/Point object
properties : DrawingTypes/LineProperties object. Default set to na - meaning default values are used.
Returns: DrawingTypes/Line object
createLinefill(this, other, fillColor, transparency)
Creates DrawingTypes/Linefill object from DrawingTypes/Line object to other DrawingTypes/Line object
Parameters:
this : First DrawingTypes/Line object
other : Other DrawingTypes/Line object
fillColor : fill color of linefill. Default is color.blue
transparency : fill transparency for linefill. Default is 80
Returns: Array of DrawingTypes/Linefill object
createBox(this, other, properties, textProperties)
Creates DrawingTypes/Box object from one DrawingTypes/Point to other
Parameters:
this : First DrawingTypes/Point object
other : Second DrawingTypes/Point object
properties : DrawingTypes/BoxProperties object. Default set to na - meaning default values are used.
textProperties : DrawingTypes/BoxText object. Default is na - meaning no text will be drawn
Returns: DrawingTypes/Box object
createBox(this, properties, textProperties)
Creates DrawingTypes/Box object from DrawingTypes/Line as diagonal line
Parameters:
this : Diagonal DrawingTypes/PoLineint object
properties : DrawingTypes/BoxProperties object. Default set to na - meaning default values are used.
textProperties : DrawingTypes/BoxText object. Default is na - meaning no text will be drawn
Returns: DrawingTypes/Box object
Candlestick Themes NYSE Pro [GPXalgo]The Critical Role of Color in Trading Performance
Professional trading environments demand visual systems that support rapid decision-making while
minimizing cognitive load and visual fatigue. The NYSE trading desk color schemes have evolved
through decades of refinement, incorporating feedback from over 10,000 active traders and
quantitative performance analysis.
Key Design Principles
1. Contrast Optimization
Minimum contrast ratio of 7:1 for critical data elements against dark backgrounds (#0A0A0A to
#1C1C1C).
2. Semantic Consistency
Universal color language across all trading platforms and instruments.
3. Fatigue Mitigation
Spectral distribution optimized for extended viewing periods without degradation in pattern
recognition.
4. Information Hierarchy
Clear visual prioritization of price action, volume, and technical indicators.
Scientific Foundation
Visual Perception in Trading Contexts
Neurological Processing
The human visual cortex processes color information 60,000 times faster than text. In trading
contexts, this translates to:
• 0.13 seconds average recognition time for color-coded signals
• 0.45 seconds for text-based information
• 72% improvement in pattern recognition with optimized color schemes
Circadian Rhythm Consideration
Trading desk colors are calibrated to minimize melatonin suppression during extended sessions:
• Blue light emission reduced by 65% compared to standard displays
• Warm-spectrum alternatives for overnight sessions
• Adaptive brightness curves aligned with natural circadian cycles
Eye Strain Metrics
Laboratory studies (n=500 traders, 6-month period) demonstrate:
• 43% reduction in reported eye strain
• 31% decrease in headache frequency• 28% improvement in focus duration
• 17% increase in profitable trade execution
Implementation Standards
Display Calibration Requirements
Monitor Specifications
Minimum 1000:1 contrast ratio
sRGB coverage ≥ 99%
Delta E < 2.0 color accuracy
Brightness: 120-150 cd/m² (dark environment)
Color temperature: 5800K ± 200K
Multi-Monitor Consistency
• Maximum ΔE variance between displays: 1.5
• Synchronized brightness across array
• Uniform color profiles (ICC v4)
Accessibility Compliance
WCAG 2.1 Level AA Standards
Normal text: 4.5:1 contrast minimum
Large text: 3:1 contrast minimum
Interactive elements: 3:1 contrast minimum
Focus indicators: 3:1 contrast minimum
Colorblind Accommodation All critical information maintains distinguishability under:
• Protanopia (red-blind)
• Deuteranopia (green-blind)
• Tritanopia (blue-blind)
Sessions High/Low with Break LogicSessions High/Low with Break Logic – Indicator Description
Update 27.10.25
Overview
This indicator marks the highs and lows of key trading sessions (Tokyo, London, New York) and highlights when these levels are broken. It is ideal for traders using session-based strategies to monitor breakouts or support/resistance levels in real time.
Key Features
Session-Based Highs/Lows:
Tracks highs and lows for three trading sessions:
Tokyo: 02:00–09:00 (UTC+1)
London: 09:00–17:00 (UTC+1)
New York: 15:30–22:00 (UTC+1)
Break Logic:
Detects when the current price breaks a session high or low.
Labels are updated with a "Break" note when a level is breached.
Visual Display:
Draws horizontal lines for highs and lows of each session.
Adds labels with values (optionally including price).
Colors are customizable for each session:
Tokyo: Purple
London: Teal
New York: Orange
Customizable Settings:
Horizontal Offset: Shifts lines and labels horizontally for clarity.
Time Zone: Adjustable to UTC+1 (default).
Price Display: Option to show the exact price next to the label.
Settings and Translations
Display Settings
Horizontal Offset: Horizontal shift for lines and labels.
Show Price with Text: Displays the price next to the label (e.g., "London High: 123.45").
Time Settings
UTC: Time zone (default: UTC+1).
Session 1 (Tokyo)
Session 1: 02:00–09:00
High Text: "Tokyo High"
Low Text: "Tokyo Low"
High Color: Purple
Low Color: Purple
Session 2 (London)
Session 2: 09:00–17:00
High Text: "London High"
Low Text: "London Low"
High Color: Teal
Low Color: Teal
Session 3 (New York)
Session 3: 15:30–22:00
High Text: "New York High"
Low Text: "New York Low"
High Color: Orange
Low Color: Orange
Market Outlook Score (MOS)Overview
The "Market Outlook Score (MOS)" is a custom technical indicator designed for TradingView, written in Pine Script version 6. It provides a quantitative assessment of market conditions by aggregating multiple factors, including trend strength across different timeframes, directional movement (via ADX), momentum (via RSI changes), volume dynamics, and volatility stability (via ATR). The MOS is calculated as a weighted score that ranges typically between -1 and +1 (though it can exceed these bounds in extreme conditions), where positive values suggest bullish (long) opportunities, negative values indicate bearish (short) setups, and values near zero imply neutral or indecisive markets.
This indicator is particularly useful for traders seeking a holistic "outlook" score to gauge potential entry points or market bias. It overlays on a separate pane (non-overlay mode) and visualizes the score through horizontal threshold lines and dynamic labels showing the numeric MOS value along with a simple trading decision ("Long", "Short", or "Neutral"). The script avoids using the plot function for compatibility reasons (e.g., potential TradingView bugs) and instead relies on hline for static lines and label.new for per-bar annotations.
Key features:
Multi-Timeframe Analysis: Incorporates slope data from 5-minute, 15-minute, and 30-minute charts to capture short-term trends.
Trend and Strength Integration: Uses ADX to weight trend bias, ensuring stronger signals in trending markets.
Momentum and Volume: Includes RSI momentum impulses and volume deviations for added confirmation.
Volatility Adjustment: Factors in ATR changes to assess market stability.
Customizable Inputs: Allows users to tweak periods for lookback, ADX, and ATR.
Decision Labels: Automatically classifies the MOS into actionable categories with visual labels.
This indicator is best suited for intraday or swing trading on volatile assets like stocks, forex, or cryptocurrencies. It does not generate buy/sell signals directly but can be combined with other tools (e.g., moving averages or oscillators) for comprehensive strategies.
Inputs
The script provides three user-configurable inputs via TradingView's input panel:
Lookback Period (lookback):
Type: Integer
Default: 20
Range: Minimum 10, Maximum 50
Purpose: Defines the number of bars used in slope calculations for trend analysis. A shorter lookback makes the indicator more sensitive to recent price action, while a longer one smooths out noise for longer-term trends.
ADX Period (adxPeriod):
Type: Integer
Default: 14
Range: Minimum 5, Maximum 30
Purpose: Sets the smoothing period for the Average Directional Index (ADX) and its components (DI+ and DI-). Standard value is 14, but shorter periods increase responsiveness, and longer ones reduce false signals.
ATR Period (atrPeriod):
Type: Integer
Default: 14
Range: Minimum 5, Maximum 30
Purpose: Determines the period for the Average True Range (ATR) calculation, which measures volatility. Adjust this to match your trading timeframe—shorter for scalping, longer for positional trading.
These inputs allow customization without editing the code, making the indicator adaptable to different market conditions or user preferences.
Core Calculations
The MOS is computed through a series of steps, blending trend, momentum, volume, and volatility metrics. Here's a breakdown:
Multi-Timeframe Slopes:
The script fetches data from higher timeframes (5m, 15m, 30m) using request.security.
Slope calculation: For each timeframe, it computes the linear regression slope of price over the lookback period using the formula:
textslope = correlation(close, bar_index, lookback) * stdev(close, lookback) / stdev(bar_index, lookback)
This measures the rate of price change, where positive slopes indicate uptrends and negative slopes indicate downtrends.
Variables: slope5m, slope15m, slope30m.
ATR (Average True Range):
Calculated using ta.atr(atrPeriod).
Represents average volatility over the specified period. Used later to derive volatility stability.
ADX (Average Directional Index):
A detailed, manual implementation (not using built-in ta.adx for customization):
Computes upward movement (upMove = high - high ) and downward movement (downMove = low - low).
Derives +DM (Plus Directional Movement) and -DM (Minus Directional Movement) by filtering non-relevant moves.
Smooths true range (trur = ta.rma(ta.tr(true), adxPeriod)).
Calculates +DI and -DI: plusDI = 100 * ta.rma(plusDM, adxPeriod) / trur, similarly for minusDI.
DX: dx = 100 * abs(plusDI - minusDI) / max(plusDI + minusDI, 0.0001).
ADX: adx = ta.rma(dx, adxPeriod).
ADX values above 25 typically indicate strong trends; here, it's normalized (divided by 50) to influence the trend bias.
Volume Delta (5m Timeframe):
Fetches 5m volume: volume_5m = request.security(syminfo.tickerid, "5", volume, lookahead=barmerge.lookahead_on).
Computes a 12-period SMA of volume: avgVolume = ta.sma(volume_5m, 12).
Delta: (volume_5m - avgVolume) / avgVolume (or 0 if avgVolume is zero).
This measures relative volume spikes, where positive deltas suggest increased interest (bullish) and negative suggest waning activity (bearish).
MOS Components and Final Calculation:
Trend Bias: Average of the three slopes, normalized by close price and scaled by 100, then weighted by ADX influence: (slope5m + slope15m + slope30m) / 3 / close * 100 * (adx / 50).
Emphasizes trends in strong ADX conditions.
Momentum Impulse: Change in 5m RSI(14) over 1 bar, divided by 50: ta.change(request.security(syminfo.tickerid, "5", ta.rsi(close, 14), lookahead=barmerge.lookahead_on), 1) / 50.
Captures short-term momentum shifts.
Volatility Clarity: 1 - ta.change(atr, 1) / max(atr, 0.0001).
Measures ATR stability; values near 1 indicate low volatility changes (clearer trends), while lower values suggest erratic markets.
MOS Formula: Weighted average:
textmos = (0.35 * trendBias + 0.25 * momentumImpulse + 0.2 * volumeDelta + 0.2 * volatilityClarity)
Weights prioritize trend (35%) and momentum (25%), with volume and volatility at 20% each. These can be adjusted in code for experimentation.
Trading Decision:
A variable mosDecision starts as "Neutral".
If mos > 0.15, set to "Long".
If mos < -0.15, set to "Short".
Thresholds (0.15 and -0.15) are hardcoded but can be modified.
Visualization and Outputs
Threshold Lines (using hline):
Long Threshold: Horizontal dashed green line at +0.15.
Short Threshold: Horizontal dashed red line at -0.15.
Neutral Line: Horizontal dashed gray line at 0.
These provide visual reference points for MOS interpretation.
Dynamic Labels (using label.new):
Placed at each bar's index and MOS value.
Text: Formatted MOS value (e.g., "0.2345") followed by a newline and the decision (e.g., "Long").
Style: Downward-pointing label with gray background and white text for readability.
This replaces a traditional plot line, showing exact values and decisions per bar without cluttering the chart.
The indicator appears in a separate pane below the main price chart, making it easy to monitor alongside price action.
Usage Instructions
Adding to TradingView:
Copy the script into TradingView's Pine Script editor.
Save and add to your chart via the "Indicators" menu.
Select a symbol and timeframe (e.g., 1-minute for intraday).
Interpretation:
Long Signal: MOS > 0.15 – Consider bullish positions if supported by other indicators.
Short Signal: MOS < -0.15 – Potential bearish setups.
Neutral: Between -0.15 and 0.15 – Avoid trades or wait for confirmation.
Watch for MOS crossings of thresholds for momentum shifts.
Combine with price patterns, support/resistance, or volume for better accuracy.
Limitations and Considerations:
Lookahead Bias: Uses barmerge.lookahead_on for multi-timeframe data, which may introduce minor forward-looking bias in backtesting (use with caution).
No Alerts Built-In: Add custom alerts via TradingView's alert system based on MOS conditions.
Performance: Tested for compatibility; may require adjustments for illiquid assets or extreme volatility.
Backtesting: Use TradingView's strategy tester to evaluate historical performance, but remember past results don't guarantee future outcomes.
Customization: Edit weights in the MOS formula or thresholds to fit your strategy.
This indicator distills complex market data into a single score, aiding decision-making while encouraging users to verify signals with additional analysis. If you need modifications, such as restoring plot functionality or adding features, provide details for further refinement.
Candle Range-BarsThe Candle Range Bars indicator visually represents the range of each candlestick in either pips or ticks, depending on your preference. It plots vertical bars to show the size of each candle, making it easy to identify periods of high or low volatility. The indicator also displays the exact range value (in pips or ticks) above each bar, with customizable text size and color for better readability.
Key Features
Pips or Ticks Mode:
Choose to display the candle range in pips (for forex traders) or ticks (for other instruments).
Customizable Text:
Adjust the text color and text size (Tiny, Small, Normal, Large) to suit your chart style.
Clear Visuals:
Bars are colored green for bullish candles and red for bearish candles, making it easy to distinguish between up and down moves.
Flexible Use:
Ideal for analyzing volatility, identifying consolidation zones, and comparing candle ranges across different timeframes.
How to Use:
Add the indicator to your chart.
Customize the settings:
Choose between pips or ticks.
Adjust the text color and text size for the range values.
Observe the bars and their corresponding range values to analyze market volatility.
Why Use This Indicator?:
Simplify Range Analysis: Quickly see the size of each candlestick without manual calculations.
Customizable: Tailor the appearance to match your trading style.
Versatile: Works on any instrument and timeframe.
Settings:
Show Pips (Otherwise Ticks): Toggle between pips and ticks mode.
Text Color: Choose the color of the range value text.
Text Size: Select the size of the range value text (Tiny, Small, Normal, Large).
Ideal For:
Forex, stocks, commodities, and crypto traders.
Traders who focus on volatility and range analysis.
Anyone looking for a clear and customizable way to visualize candle ranges.
This description highlights the key features, benefits, and usability of your indicator, making it appealing to other TradingView members. Let me know if you'd like to tweak it further! 😊
MarkdownUtilsLibrary "MarkdownUtils"
This library shows all of CommonMark's formatting elements that are currently (2024-03-30)
available in Pine Script® and gives some hints on how to use them.
The documentation will be in the tooltip of each of the following functions. It is also
logged into Pine Logs by default if it is called. We can disable the logging by setting `pLog = false`.
mediumMathematicalSpace()
Medium mathematical space that can be used in e.g. the library names like `Markdown Utils`.
Returns: The medium mathematical space character U+205F between those double quotes " ".
zeroWidthSpace()
Zero-width space.
Returns: The zero-width character U+200B between those double quotes "".
stableSpace(pCount)
Consecutive space characters in Pine Script® are replaced by a single space character on output.
Therefore we require a "stable" space to properly indent text e.g. in Pine Logs. To use it in code blocks
of a description like this one, we have to copy the 2(!) characters between the following reverse brackets instead:
# > <
Those are the zero-width character U+200B and a space.
Of course, this can also be used within a text to add some extra spaces.
Parameters:
pCount (simple int)
Returns: A zero-width space combined with a space character.
headers(pLog)
Headers
```
# H1
## H2
### H3
#### H4
##### H5
###### H6
```
*results in*
# H1
## H2
### H3
#### H4
##### H5
###### H6
*Best practices*: Add blank line before and after each header.
Parameters:
pLog (bool)
paragrahps(pLog)
Paragraphs
```
First paragraph
Second paragraph
```
*results in*
First paragraph
Second paragraph
Parameters:
pLog (bool)
lineBreaks(pLog)
Line breaks
```
First row
Second row
```
*results in*
First row\
Second row
Parameters:
pLog (bool)
emphasis(pLog)
Emphasis
With surrounding `*` and `~` we can emphasize text as follows. All emphasis can be arbitrarily combined.
```
*Italics*, **Bold**, ***Bold italics***, ~~Scratch~~
```
*results in*
*Italics*, **Bold**, ***Bold italics***, ~~Scratch~~
Parameters:
pLog (bool)
blockquotes(pLog)
Blockquotes
Lines starting with at least one `>` followed by a space and text build block quotes.
```
Text before blockquotes.
> 1st main blockquote
>
> 1st main blockquote
>
>> 1st 1-nested blockquote
>
>>> 1st 2-nested blockquote
>
>>>> 1st 3-nested blockquote
>
>>>>> 1st 4-nested blockquote
>
>>>>>> 1st 5-nested blockquote
>
>>>>>>> 1st 6-nested blockquote
>
>>>>>>>> 1st 7-nested blockquote
>
> 2nd main blockquote, 1st paragraph, 1st row\
> 2nd main blockquote, 1st paragraph, 2nd row
>
> 2nd main blockquote, 2nd paragraph, 1st row\
> 2nd main blockquote, 2nd paragraph, 2nd row
>
>> 2nd nested blockquote, 1st paragraph, 1st row\
>> 2nd nested blockquote, 1st paragraph, 2nd row
>
>> 2nd nested blockquote, 2nd paragraph, 1st row\
>> 2nd nested blockquote, 2nd paragraph, 2nd row
Text after blockquotes.
```
*results in*
Text before blockquotes.
> 1st main blockquote
>
>> 1st 1-nested blockquote
>
>>> 1st 2-nested blockquote
>
>>>> 1st 3-nested blockquote
>
>>>>> 1st 4-nested blockquote
>
>>>>>> 1st 5-nested blockquote
>
>>>>>>> 1st 6-nested blockquote
>
>>>>>>>> 1st 7-nested blockquote
>
> 2nd main blockquote, 1st paragraph, 1st row\
> 2nd main blockquote, 1st paragraph, 2nd row
>
> 2nd main blockquote, 2nd paragraph, 1st row\
> 2nd main blockquote, 2nd paragraph, 2nd row
>
>> 2nd nested blockquote, 1st paragraph, 1st row\
>> 2nd nested blockquote, 1st paragraph, 2nd row
>
>> 2nd nested blockquote, 2nd paragraph, 1st row\
>> 2nd nested blockquote, 2nd paragraph, 2nd row
Text after blockquotes.
*Best practices*: Add blank line before and after each (nested) blockquote.
Parameters:
pLog (bool)
lists(pLog)
Paragraphs
#### Ordered lists
The first line starting with a number combined with a delimiter `.` or `)` starts an ordered
list. The list's numbering starts with the given number. All following lines that also start
with whatever number and the same delimiter add items to the list.
#### Unordered lists
A line starting with a `-`, `*` or `+` becomes an unordered list item. All consecutive items with
the same start symbol build a separate list. Therefore every list can only have a single symbol.
#### General information
To start a new list either use the other delimiter or add some non-list text between.
List items in Pine Script® allow line breaks but cannot have paragraphs or blockquotes.
Lists Pine Script® cannot be nested.
```
1) 1st list, 1st item, 1st row\
1st list, 1st item, 2nd row
1) 1st list, 2nd item, 1st row\
1st list, 2nd item, 2nd row
1) 1st list, 2nd item, 1st row\
1st list, 2nd item, 2nd row
1. 2nd list, 1st item, 1st row\
2nd list, 1st item, 2nd row
Intermediary text.
1. 3rd list
Intermediary text (sorry, unfortunately without proper spacing).
8. 4th list, 8th item
8. 4th list, 9th item
Intermediary text.
- 1st list, 1st item
- 1st list, 2nd item
* 2nd list, 1st item
* 2nd list, 2nd item
Intermediary text.
+ 3rd list, 1st item
+ 3rd list, 2nd item
```
*results in*
1) 1st list, 1st item, 1st row\
1st list, 1st item, 2nd row
1) 1st list, 2nd item, 1st row\
1st list, 2nd item, 2nd row
1) 1st list, 2nd item, 1st row\
1st list, 2nd item, 2nd row
1. 2nd list, 1st item, 1st row\
2nd list, 1st item, 2nd row
Intermediary text.
1. 3rd list
Intermediary text (sorry, unfortunately without proper spacing).
8. 4th list, 8th item
8. 4th list, 9th item
Intermediary text.
- 1st list, 1st item
- 1st list, 2nd item
* 2nd list, 1st item
* 2nd list, 2nd item
Intermediary text.
+ 3rd list, 1st item
+ 3rd list, 2nd item
Parameters:
pLog (bool)
code(pLog)
### Code
`` `Inline code` `` is formatted like this.
To write above line we wrote `` `` `Inline code` `` ``.
And to write that line we added another pair of `` `` `` around that code and
a zero-width space of function between the inner `` `` ``.
### Code blocks
can be formatted like that:
~~~
```
export method codeBlock() =>
"code block"
```
~~~
Or like that:
```
~~~
export method codeBlock() =>
"code block"
~~~
```
To write ````` within a code block we can either surround it with `~~~`.
Or we "escape" those ````` by only the zero-width space of function (stableSpace) in between.
To escape \` within a text we use `` \` ``.
Parameters:
pLog (bool)
horizontalRules(pLog)
Horizontal rules
At least three connected `*`, `-` or `_` in a separate line build a horizontal rule.
```
Intermediary text.
---
Intermediary text.
***
Intermediary text.
___
Intermediary text.
```
*results in*
Intermediary text.
---
Intermediary text.
***
Intermediary text.
___
Intermediary text.
*Best practices*: Add blank line before and after each horizontal rule.
Parameters:
pLog (bool)
tables(pLog)
Tables
A table consists of a single header line with columns separated by `|`
and followed by a row of alignment indicators for either left (`---`, `:---`), centered (`:---:`) and right (`---:`)
A table can contain several rows of data.
The table can be written as follows but hasn't to be formatte like that. By adding (stableSpace)
on the correct side of the header we could even adjust the spacing if we don't like it as it is. Only around
the column separator we should only use a usual space on each side.
```
Header 1 | Header 1 | Header 2 | Header 3
--- | :--- | :----: | ---:
Left (Default) | Left | Centered | Right
Left (Default) | Left | Centered | Right
```
*results in*
Header 1 | Header 1 | Header 2 | Header 3
--- | :--- | :----: | ---:
Left (Default) | Left | Centered | Right
Left (Default) | Left | Centered | Right
Parameters:
pLog (bool)
links(pLog)
## Links.
### Inline-style
` (Here should be the link to the TradingView homepage)`\
results in (Here should be the link to the TradingView homepage)
` (Here should be the link to the TradingView homepage "Trading View tooltip")`\
results in (Here should be the link to the TradingView homepage "Trading View tooltip")
### Reference-style
One can also collect all links e.g. at the end of a description and use a reference to that as follows.
` `\
results in .
` `\
results in .
` `\
results in .
` (../tradingview/scripts/readme)`\
results in (../tradingview/scripts/readme).
### URLs and email
URLs are also identified by the protocol identifier, email addresses by `@`. They can also be surrounded by `<` and `>`.
Input | Result
--- | ---
`Here should be the link to the TradingView homepage` | Here should be the link to the TradingView homepage
`` |
`support@tradingview.com` | support@tradingview.com
`` |
## Images
We can display gif, jp(e)g and png files in our documentation, if we add `!` before a link.
### Inline-style:
`! (Here should be the link to the favicon of the TradingView homepage "Trading View icon")`
results in
! (Here should be the link to the favicon of the TradingView homepage "Trading View icon")\
### Reference-style:
`! `
results in
!
## References for reference-style links
Even though only the formatted references are visible here in the output, this text is also followed
by the following references with links in the style
` : Referenced link`
```
: Here should be the link to the TradingView homepage "Trading view text-reference tooltip"
: Here should be the link to the TradingView homepage "Trading view number-reference tooltip"
: Here should be the link to the TradingView homepage "Trading view self-reference tooltip"
: Here should be the link to the favicon of the TradingView homepage "Trading View icon (reference)"
```
: Here should be the link to the TradingView homepage "Trading view text-reference tooltip"
: Here should be the link to the TradingView homepage "Trading view number-reference tooltip"
: Here should be the link to the TradingView homepage "Trading view self-reference tooltip"
: Here should be the link to the favicon of the TradingView homepage "Trading View icon (reference)"
Parameters:
pLog (bool)
taskLists(pLog)
Task lists.
Other Markdown implementations can also display task lists for list items like `- ` respective `- `.
This can only be simulated by inline code `` ´ ` ``.
Make sure to either add a line-break `\` at the end of the line or a new paragraph by a blank line.
### Task lists
` ` Finish library
` ` Finish library
Parameters:
pLog (bool)
escapeMd(pLog)
Escaping Markdown syntax
To write and display Markdown syntax in regular text, we have to escape it. This can be done
by adding `\` before the Markdown syntax. If the Markdown syntax consists of more than one character
in some cases also the character of function can be helpful if a command consists of
more than one character if it is placed between the separate characters of the command.
Parameters:
pLog (bool)
test()
Calls all functions of above script.
Streamer WatermarkThis unique indicator doesn’t help you trade but it makes your charts look super clean and professional in images and live streams! This indicator works by displaying two tables. The first table has day of the week, date, and free form text. The second table has ticker symbol and timeframe of the current chart.
Everything about the tables and the cells is completely controllable by the user! Here is a breakdown of how customizable the user can make this indicator:
Table:
Toggle each table to be displayed on or off
Move each table into 9 different locations around the chart
Move each table separately
Table background color and transparency
Table border color and transparency
Table border width
Table frame width
Cells:
Each cell can be individually toggled on or off (the table will resize dynamically)
Cell text color and transparency
Text size with 6 different options
Date format with 12 different formats
Input Text:
Text
Emoji
Text & emojis
ASCII characters
Symbols
Anything that can by copied and pasted
Any combination of the above
Notes
Use text size “Auto” if viewing the same chart on desktop and on smart phone (Auto makes the text scale based upon screen size)
Gallery
Disclaimer
Please read the TradingView House Rules carefully before using this indicator to add text, symbols, characters, or anything else to your charts and posting on TradingView Ideas or Scripts. This indicator and the author are not responsible for users not reading, fully understanding, and abiding by TradingView’s House Rules. Please watermark responsibly.
BjCandlePatternsLibrary "BjCandlePatterns"
Patterns is a Japanese candlestick pattern recognition Library for developers. Functions here within detect viable setups in a variety of popular patterns. Please note some patterns are without filters such as comparisons to average candle sizing, or trend detection to allow the author more freedom.
doji(dojiSize, dojiWickSize) Detects "Doji" candle patterns
Parameters:
dojiSize : (float) The relationship of body to candle size (ie. body is 5% of total candle size). Default is 5.0 (5%)
dojiWickSize : (float) Maximum wick size comparative to the opposite wick. (eg. 2 = bottom wick must be less than or equal to 2x the top wick). Default is 2
Returns: (series bool) True when pattern detected
dLab(showLabel, labelColor, textColor) Produces "Doji" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
bullEngulf(maxRejectWick, mustEngulfWick) Detects "Bullish Engulfing" candle patterns
Parameters:
maxRejectWick : (float) Maximum rejection wick size.
The maximum wick size as a percentge of body size allowable for a top wick on the resolution candle of the pattern. 0.0 disables the filter.
eg. 50 allows a top wick half the size of the body. Default is 0% (Disables wick detection).
mustEngulfWick : (bool) input to only detect setups that close above the high prior effectively engulfing the candle in its entirety. Default is false
Returns: (series bool) True when pattern detected
bewLab(showLabel, labelColor, textColor) Produces "Bullish Engulfing" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
bearEngulf(maxRejectWick, mustEngulfWick) Detects "Bearish Engulfing" candle patterns
Parameters:
maxRejectWick : (float) Maximum rejection wick size.
The maximum wick size as a percentge of body size allowable for a bottom wick on the resolution candle of the pattern. 0.0 disables the filter.
eg. 50 allows a botom wick half the size of the body. Default is 0% (Disables wick detection).
mustEngulfWick : (bool) Input to only detect setups that close below the low prior effectively engulfing the candle in its entirety. Default is false
Returns: (series bool) True when pattern detected
bebLab(showLabel, labelColor, textColor) Produces "Bearish Engulfing" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
hammer(ratio, shadowPercent) Detects "Hammer" candle patterns
Parameters:
ratio : (float) The relationship of body to candle size (ie. body is 33% of total candle size). Default is 33%.
shadowPercent : (float) The maximum allowable top wick size as a percentage of body size. Default is 5%.
Returns: (series bool) True when pattern detected
hLab(showLabel, labelColor, textColor) Produces "Hammer" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
star(ratio, shadowPercent) Detects "Star" candle patterns
Parameters:
ratio : (float) The relationship of body to candle size (ie. body is 33% of total candle size). Default is 33%.
shadowPercent : (float) The maximum allowable bottom wick size as a percentage of body size. Default is 5%.
Returns: (series bool) True when pattern detected
ssLab(showLabel, labelColor, textColor) Produces "Star" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
dragonflyDoji() Detects "Dragonfly Doji" candle patterns
Returns: (series bool) True when pattern detected
ddLab(showLabel, labelColor) Produces "Dragonfly Doji" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
Returns: (series label) A label visible at the chart level intended for the title pattern
gravestoneDoji() Detects "Gravestone Doji" candle patterns
Returns: (series bool) True when pattern detected
gdLab(showLabel, labelColor, textColor) Produces "Gravestone Doji" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
tweezerBottom(closeUpperHalf) Detects "Tweezer Bottom" candle patterns
Parameters:
closeUpperHalf : (bool) input to only detect setups that close above the mid-point of the candle prior increasing its bullish tendancy. Default is false
Returns: (series bool) True when pattern detected
tbLab(showLabel, labelColor, textColor) Produces "Tweezer Bottom" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
tweezerTop(closeLowerHalf) Detects "TweezerTop" candle patterns
Parameters:
closeLowerHalf : (bool) input to only detect setups that close below the mid-point of the candle prior increasing its bearish tendancy. Default is false
Returns: (series bool) True when pattern detected
ttLab(showLabel, labelColor, textColor) Produces "TweezerTop" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
spinningTopBull(wickSize) Detects "Bullish Spinning Top" candle patterns
Parameters:
wickSize : (float) input to adjust detection of the size of the top wick/ bottom wick as a percent of total candle size. Default is 34%, which ensures the wicks are both larger than the body.
Returns: (series bool) True when pattern detected
stwLab(showLabel, labelColor, textColor) Produces "Bullish Spinning Top" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
spinningTopBear(wickSize) Detects "Bearish Spinning Top" candle patterns
Parameters:
wickSize : (float) input to adjust detection of the size of the top wick/ bottom wick as a percent of total candle size. Default is 34%, which ensures the wicks are both larger than the body.
Returns: (series bool) True when pattern detected
stbLab(showLabel, labelColor, textColor) Produces "Bearish Spinning Top" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
spinningTop(wickSize) Detects "Spinning Top" candle patterns
Parameters:
wickSize : (float) input to adjust detection of the size of the top wick/ bottom wick as a percent of total candle size. Default is 34%, which ensures the wicks are both larger than the body.
Returns: (series bool) True when pattern detected
stLab(showLabel, labelColor, textColor) Produces "Spinning Top" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
morningStar() Detects "Bullish Morning Star" candle patterns
Returns: (series bool) True when pattern detected
msLab(showLabel, labelColor, textColor) Produces "Bullish Morning Star" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
eveningStar() Detects "Bearish Evening Star" candle patterns
Returns: (series bool) True when pattern detected
esLab(showLabel, labelColor, textColor) Produces "Bearish Evening Star" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
haramiBull() Detects "Bullish Harami" candle patterns
Returns: (series bool) True when pattern detected
hwLab(showLabel, labelColor, textColor) Produces "Bullish Harami" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
haramiBear() Detects "Bearish Harami" candle patterns
Returns: (series bool) True when pattern detected
hbLab(showLabel, labelColor, textColor) Produces "Bearish Harami" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
haramiBullCross() Detects "Bullish Harami Cross" candle patterns
Returns: (series bool) True when pattern detected
hcwLab(showLabel, labelColor, textColor) Produces "Bullish Harami Cross" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
haramiBearCross() Detects "Bearish Harami Cross" candle patterns
Returns: (series bool) True when pattern detected
hcbLab(showLabel, labelColor) Produces "Bearish Harami Cross" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
Returns: (series label) A label visible at the chart level intended for the title pattern
marubullzu() Detects "Bullish Marubozu" candle patterns
Returns: (series bool) True when pattern detected
mwLab(showLabel, labelColor, textColor) Produces "Bullish Marubozu" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
marubearzu() Detects "Bearish Marubozu" candle patterns
Returns: (series bool) True when pattern detected
mbLab(showLabel, labelColor, textColor) Produces "Bearish Marubozu" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
abandonedBull() Detects "Bullish Abandoned Baby" candle patterns
Returns: (series bool) True when pattern detected
abwLab(showLabel, labelColor, textColor) Produces "Bullish Abandoned Baby" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
abandonedBear() Detects "Bearish Abandoned Baby" candle patterns
Returns: (series bool) True when pattern detected
abbLab(showLabel, labelColor, textColor) Produces "Bearish Abandoned Baby" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
piercing() Detects "Piercing" candle patterns
Returns: (series bool) True when pattern detected
pLab(showLabel, labelColor, textColor) Produces "Piercing" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
darkCloudCover() Detects "Dark Cloud Cover" candle patterns
Returns: (series bool) True when pattern detected
dccLab(showLabel, labelColor, textColor) Produces "Dark Cloud Cover" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
tasukiBull() Detects "Upside Tasuki Gap" candle patterns
Returns: (series bool) True when pattern detected
utgLab(showLabel, labelColor, textColor) Produces "Upside Tasuki Gap" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
tasukiBear() Detects "Downside Tasuki Gap" candle patterns
Returns: (series bool) True when pattern detected
dtgLab(showLabel, labelColor, textColor) Produces "Downside Tasuki Gap" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
risingThree() Detects "Rising Three Methods" candle patterns
Returns: (series bool) True when pattern detected
rtmLab(showLabel, labelColor, textColor) Produces "Rising Three Methods" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
fallingThree() Detects "Falling Three Methods" candle patterns
Returns: (series bool) True when pattern detected
ftmLab(showLabel, labelColor, textColor) Produces "Falling Three Methods" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
risingWindow() Detects "Rising Window" candle patterns
Returns: (series bool) True when pattern detected
rwLab(showLabel, labelColor, textColor) Produces "Rising Window" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
fallingWindow() Detects "Falling Window" candle patterns
Returns: (series bool) True when pattern detected
fwLab(showLabel, labelColor, textColor) Produces "Falling Window" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
kickingBull() Detects "Bullish Kicking" candle patterns
Returns: (series bool) True when pattern detected
kwLab(showLabel, labelColor, textColor) Produces "Bullish Kicking" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
kickingBear() Detects "Bearish Kicking" candle patterns
Returns: (series bool) True when pattern detected
kbLab(showLabel, labelColor, textColor) Produces "Bearish Kicking" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
lls(ratio) Detects "Long Lower Shadow" candle patterns
Parameters:
ratio : (float) A relationship of the lower wick to the overall candle size expressed as a percent. Default is 75%
Returns: (series bool) True when pattern detected
llsLab(showLabel, labelColor, textColor) Produces "Long Lower Shadow" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
lus(ratio) Detects "Long Upper Shadow" candle patterns
Parameters:
ratio : (float) A relationship of the upper wick to the overall candle size expressed as a percent. Default is 75%
Returns: (series bool) True when pattern detected
lusLab(showLabel, labelColor, textColor) Produces "Long Upper Shadow" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
bullNeck() Detects "Bullish On Neck" candle patterns
Returns: (series bool) True when pattern detected
nwLab(showLabel, labelColor, textColor) Produces "Bullish On Neck" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
bearNeck() Detects "Bearish On Neck" candle patterns
Returns: (series bool) True when pattern detected
nbLab(showLabel, labelColor, textColor) Produces "Bearish On Neck" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
soldiers(wickSize) Detects "Three White Soldiers" candle patterns
Parameters:
wickSize : (float) Maximum allowable top wick size throughout pattern expressed as a percent of total candle height. Default is 5%
Returns: (series bool) True when pattern detected
wsLab(showLabel, labelColor, textColor) Produces "Three White Soldiers" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
crows(wickSize) Detects "Three Black Crows" candle patterns
Parameters:
wickSize : (float) Maximum allowable bottom wick size throughout pattern expressed as a percent of total candle height. Default is 5%
Returns: (series bool) True when pattern detected
bcLab(showLabel, labelColor, textColor) Produces "Three Black Crows" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
triStarBull() Detects "Bullish Tri-Star" candle patterns
Returns: (series bool) True when pattern detected
tswLab(showLabel, labelColor, textColor) Produces "Bullish Tri-Star" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
triStarBear() Detects "Bearish Tri-Star" candle patterns
Returns: (series bool) True when pattern detected
tsbLab(showLabel, labelColor, textColor) Produces "Bearish Tri-Star" identifier label
Parameters:
showLabel : (bool) Shows label when input is true. Default is false
labelColor : (series color) Color of the label border and arrow
textColor : (series color) Text color
Returns: (series label) A label visible at the chart level intended for the title pattern
wrap(cond, barsBack, borderColor, bgcolor) Produces a box wrapping the highs and lows over the look back.
Parameters:
cond : (series bool) Condition under which to draw the box.
barsBack : (series int) the number of bars back to begin drawing the box.
borderColor : (series color) Color of the four borders. Optional. The default is color.gray.
bgcolor : (series color) Background color of the box. Optional. The default is color.gray.
Returns: (series box) A box who's top and bottom are above and below the highest and lowest points over the lookback
topWick() returns the top wick size of the current candle
Returns: (series float) A value equivelent to the distance from the top of the candle body to its high
bottomWick() returns the bottom wick size of the current candle
Returns: (series float) A value equivelent to the distance from the bottom of the candle body to its low
body() returns the body size of the current candle
Returns: (series float) A value equivelent to the distance between the top and the bottom of the candle body
highestBody() returns the highest body of the current candle
Returns: (series float) A value equivelent to the highest body, whether it is the open or the close
lowestBody() returns the lowest body of the current candle
Returns: (series float) A value equivelent to the highest body, whether it is the open or the close
barRange() returns the height of the current candle
Returns: (series float) A value equivelent to the distance between the high and the low of the candle
bodyPct() returns the body size as a percent
Returns: (series float) A value equivelent to the percentage of body size to the overall candle size
midBody() returns the price of the mid-point of the candle body
Returns: (series float) A value equivelent to the center point of the distance bewteen the body low and the body high
bodyupGap() returns true if there is a gap up between the real body of the current candle in relation to the candle prior
Returns: (series bool) true if there is a gap up and no overlap in the real bodies of the current candle and the preceding candle
bodydwnGap() returns true if there is a gap down between the real body of the current candle in relation to the candle prior
Returns: (series bool) true if there is a gap down and no overlap in the real bodies of the current candle and the preceding candle
gapUp() returns true if there is a gap down between the real body of the current candle in relation to the candle prior
Returns: (series bool) true if there is a gap down and no overlap in the real bodies of the current candle and the preceding candle
gapDwn() returns true if there is a gap down between the real body of the current candle in relation to the candle prior
Returns: (series bool) true if there is a gap down and no overlap in the real bodies of the current candle and the preceding candle
dojiBody() returns true if the candle body is a doji
Returns: (series bool) true if the candle body is a doji. Defined by a body that is 5% of total candle size
Trend Gauge [BullByte]Trend Gauge
Summary
A multi-factor trend detection indicator that aggregates EMA alignment, VWMA momentum scaling, volume spikes, ATR breakout strength, higher-timeframe confirmation, ADX-based regime filtering, and RSI pivot-divergence penalty into one normalized trend score. It also provides a confidence meter, a Δ Score momentum histogram, divergence highlights, and a compact, scalable dashboard for at-a-glance status.
________________________________________
## 1. Purpose of the Indicator
Why this was built
Traders often monitor several indicators in parallel - EMAs, volume signals, volatility breakouts, higher-timeframe trends, ADX readings, divergence alerts, etc., which can be cumbersome and sometimes contradictory. The “Trend Gauge” indicator was created to consolidate these complementary checks into a single, normalized score that reflects the prevailing market bias (bullish, bearish, or neutral) and its strength. By combining multiple inputs with an adaptive regime filter, scaling contributions by magnitude, and penalizing weakening signals (divergence), this tool aims to reduce noise, highlight genuine trend opportunities, and warn when momentum fades.
Key Design Goals
Signal Aggregation
Merged trend-following signals (EMA crossover, ATR breakout, higher-timeframe confirmation) and momentum signals (VWMA thrust, volume spikes) into a unified score that reflects directional bias more holistically.
Market Regime Awareness
Implemented an ADX-style filter to distinguish between trending and ranging markets, reducing the influence of trend signals during sideways phases to avoid false breakouts.
Magnitude-Based Scaling
Replaced binary contributions with scaled inputs: VWMA thrust and ATR breakout are weighted relative to recent averages, allowing for more nuanced score adjustments based on signal strength.
Momentum Divergence Penalty
Integrated pivot-based RSI divergence detection to slightly reduce the overall score when early signs of momentum weakening are detected, improving risk-awareness in entries.
Confidence Transparency
Added a live confidence metric that shows what percentage of enabled sub-indicators currently agree with the overall bias, making the scoring system more interpretable.
Momentum Acceleration Visualization
Plotted the change in score (Δ Score) as a histogram bar-to-bar, highlighting whether momentum is increasing, flattening, or reversing, aiding in more timely decision-making.
Compact Informational Dashboard
Presented a clean, scalable dashboard that displays each component’s status, the final score, confidence %, detected regime (Trending/Ranging), and a labeled strength gauge for quick visual assessment.
________________________________________
## 2. Why a Trader Should Use It
Main benefits and use cases
1. Unified View: Rather than juggling multiple windows or panels, this indicator delivers a single score synthesizing diverse signals.
2. Regime Filtering: In ranging markets, trend signals often generate false entries. The ADX-based regime filter automatically down-weights trend-following components, helping you avoid chasing false breakouts.
3. Nuanced Momentum & Volatility: VWMA and ATR breakout contributions are normalized by recent averages, so strong moves register strongly while smaller fluctuations are de-emphasized.
4. Early Warning of Weakening: Pivot-based RSI divergence is detected and used to slightly reduce the score when price/momentum diverges, giving a cautionary signal before a full reversal.
5. Confidence Meter: See at a glance how many sub-indicators align with the aggregated bias (e.g., “80% confidence” means 4 out of 5 components agree ). This transparency avoids black-box decisions.
6. Trend Acceleration/Deceleration View: The Δ Score histogram visualizes whether the aggregated score is rising (accelerating trend) or falling (momentum fading), supplementing the main oscillator.
7. Compact Dashboard: A corner table lists each check’s status (“Bull”, “Bear”, “Flat” or “Disabled”), plus overall Score, Confidence %, Regime, Trend Strength label, and a gauge bar. Users can scale text size (Normal, Small, Tiny) without removing elements, so the full picture remains visible even in compact layouts.
8. Customizable & Transparent: All components can be enabled/disabled and parameterized (lengths, thresholds, weights). The full Pine code is open and well-commented, letting users inspect or adapt the logic.
9. Alert-ready: Built-in alert conditions fire when the score crosses weak thresholds to bullish/bearish or returns to neutral, enabling timely notifications.
________________________________________
## 3. Component Rationale (“Why These Specific Indicators?”)
Each sub-component was chosen because it adds complementary information about trend or momentum:
1. EMA Cross
o Basic trend measure: compares a faster EMA vs. a slower EMA. Quickly reflects trend shifts but by itself can whipsaw in sideways markets.
2. VWMA Momentum
o Volume-weighted moving average change indicates momentum with volume context. By normalizing (dividing by a recent average absolute change), we capture the strength of momentum relative to recent history. This scaling prevents tiny moves from dominating and highlights genuinely strong momentum.
3. Volume Spikes
o Sudden jumps in volume combined with price movement often accompany stronger moves or reversals. A binary detection (+1 for bullish spike, -1 for bearish spike) flags high-conviction bars.
4. ATR Breakout
o Detects price breaking beyond recent highs/lows by a multiple of ATR. Measures breakout strength by how far beyond the threshold price moves relative to ATR, capped to avoid extreme outliers. This gives a volatility-contextual trend signal.
5. Higher-Timeframe EMA Alignment
o Confirms whether the shorter-term trend aligns with a higher timeframe trend. Uses request.security with lookahead_off to avoid future data. When multiple timeframes agree, confidence in direction increases.
6. ADX Regime Filter (Manual Calculation)
o Computes directional movement (+DM/–DM), smoothes via RMA, computes DI+ and DI–, then a DX and ADX-like value. If ADX ≥ threshold, market is “Trending” and trend components carry full weight; if ADX < threshold, “Ranging” mode applies a configurable weight multiplier (e.g., 0.5) to trend-based contributions, reducing false signals in sideways conditions. Volume spikes remain binary (optional behavior; can be adjusted if desired).
7. RSI Pivot-Divergence Penalty
o Uses ta.pivothigh / ta.pivotlow with a lookback to detect pivot highs/lows on price and corresponding RSI values. When price makes a higher high but RSI makes a lower high (bearish divergence), or price makes a lower low but RSI makes a higher low (bullish divergence), a divergence signal is set. Rather than flipping the trend outright, the indicator subtracts (or adds) a small penalty (configurable) from the aggregated score if it would weaken the current bias. This subtle adjustment warns of weakening momentum without overreacting to noise.
8. Confidence Meter
o Counts how many enabled components currently agree in direction with the aggregated score (i.e., component sign × score sign > 0). Displays this as a percentage. A high percentage indicates strong corroboration; a low percentage warns of mixed signals.
9. Δ Score Momentum View
o Plots the bar-to-bar change in the aggregated score (delta_score = score - score ) as a histogram. When positive, bars are drawn in green above zero; when negative, bars are drawn in red below zero. This reveals acceleration (rising Δ) or deceleration (falling Δ), supplementing the main oscillator.
10. Dashboard
• A table in the indicator pane’s top-right with 11 rows:
1. EMA Cross status
2. VWMA Momentum status
3. Volume Spike status
4. ATR Breakout status
5. Higher-Timeframe Trend status
6. Score (numeric)
7. Confidence %
8. Regime (“Trending” or “Ranging”)
9. Trend Strength label (e.g., “Weak Bullish Trend”, “Strong Bearish Trend”)
10. Gauge bar visually representing score magnitude
• All rows always present; size_opt (Normal, Small, Tiny) only changes text size via text_size, not which elements appear. This ensures full transparency.
________________________________________
## 4. What Makes This Indicator Stand Out
• Regime-Weighted Multi-Factor Score: Trend and momentum signals are adaptively weighted by market regime (trending vs. ranging) , reducing false signals.
• Magnitude Scaling: VWMA and ATR breakout contributions are normalized by recent average momentum or ATR, giving finer gradation compared to simple ±1.
• Integrated Divergence Penalty: Divergence directly adjusts the aggregated score rather than appearing as a separate subplot; this influences alerts and trend labeling in real time.
• Confidence Meter: Shows the percentage of sub-signals in agreement, providing transparency and preventing blind trust in a single metric.
• Δ Score Histogram Momentum View: A histogram highlights acceleration or deceleration of the aggregated trend score, helping detect shifts early.
• Flexible Dashboard: Always-visible component statuses and summary metrics in one place; text size scaling keeps the full picture available in cramped layouts.
• Lookahead-Safe HTF Confirmation: Uses lookahead_off so no future data is accessed from higher timeframes, avoiding repaint bias.
• Repaint Transparency: Divergence detection uses pivot functions that inherently confirm only after lookback bars; description documents this lag so users understand how and when divergence labels appear.
• Open-Source & Educational: Full, well-commented Pine v6 code is provided; users can learn from its structure: manual ADX computation, conditional plotting with series = show ? value : na, efficient use of table.new in barstate.islast, and grouped inputs with tooltips.
• Compliance-Conscious: All plots have descriptive titles; inputs use clear names; no unnamed generic “Plot” entries; manual ADX uses RMA; all request.security calls use lookahead_off. Code comments mention repaint behavior and limitations.
________________________________________
## 5. Recommended Timeframes & Tuning
• Any Timeframe: The indicator works on small (e.g., 1m) to large (daily, weekly) timeframes. However:
o On very low timeframes (<1m or tick charts), noise may produce frequent whipsaws. Consider increasing smoothing lengths, disabling certain components (e.g., volume spike if volume data noisy), or using a larger pivot lookback for divergence.
o On higher timeframes (daily, weekly), consider longer lookbacks for ATR breakout or divergence, and set Higher-Timeframe trend appropriately (e.g., 4H HTF when on 5 Min chart).
• Defaults & Experimentation: Default input values are chosen to be balanced for many liquid markets. Users should test with replay or historical analysis on their symbol/timeframe and adjust:
o ADX threshold (e.g., 20–30) based on instrument volatility.
o VWMA and ATR scaling lengths to match average volatility cycles.
o Pivot lookback for divergence: shorter for faster markets, longer for slower ones.
• Combining with Other Analysis: Use in conjunction with price action, support/resistance, candlestick patterns, order flow, or other tools as desired. The aggregated score and alerts can guide attention but should not be the sole decision-factor.
________________________________________
## 6. How Scoring and Logic Works (Step-by-Step)
1. Compute Sub-Scores
o EMA Cross: Evaluate fast EMA > slow EMA ? +1 : fast EMA < slow EMA ? -1 : 0.
o VWMA Momentum: Calculate vwma = ta.vwma(close, length), then vwma_mom = vwma - vwma . Normalize: divide by recent average absolute momentum (e.g., ta.sma(abs(vwma_mom), lookback)), clip to .
o Volume Spike: Compute vol_SMA = ta.sma(volume, len). If volume > vol_SMA * multiplier AND price moved up ≥ threshold%, assign +1; if moved down ≥ threshold%, assign -1; else 0.
o ATR Breakout: Determine recent high/low over lookback. If close > high + ATR*mult, compute distance = close - (high + ATR*mult), normalize by ATR, cap at a configured maximum. Assign positive contribution. Similarly for bearish breakout below low.
o Higher-Timeframe Trend: Use request.security(..., lookahead=barmerge.lookahead_off) to fetch HTF EMAs; assign +1 or -1 based on alignment.
2. ADX Regime Weighting
o Compute manual ADX: directional movements (+DM, –DM), smoothed via RMA, DI+ and DI–, then DX and ADX via RMA. If ADX ≥ threshold, market is considered “Trending”; otherwise “Ranging.”
o If trending, trend-based contributions (EMA, VWMA, ATR, HTF) use full weight = 1.0. If ranging, use weight = ranging_weight (e.g., 0.5) to down-weight them. Volume spike stays binary ±1 (optional to change if desired).
3. Aggregate Raw Score
o Sum weighted contributions of all enabled components. Count the number of enabled components; if zero, default count = 1 to avoid division by zero.
4. Divergence Penalty
o Detect pivot highs/lows on price and corresponding RSI values, using a lookback. When price and RSI diverge (bearish or bullish divergence), check if current raw score is in the opposing direction:
If bearish divergence (price higher high, RSI lower high) and raw score currently positive, subtract a penalty (e.g., 0.5).
If bullish divergence (price lower low, RSI higher low) and raw score currently negative, add a penalty.
o This reduces score magnitude to reflect weakening momentum, without flipping the trend outright.
5. Normalize and Smooth
o Normalized score = (raw_score / number_of_enabled_components) * 100. This yields a roughly range.
o Optional EMA smoothing of this normalized score to reduce noise.
6. Interpretation
o Sign: >0 = net bullish bias; <0 = net bearish bias; near zero = neutral.
o Magnitude Zones: Compare |score| to thresholds (Weak, Medium, Strong) to label trend strength (e.g., “Weak Bullish Trend”, “Medium Bearish Trend”, “Strong Bullish Trend”).
o Δ Score Histogram: The histogram bars from zero show change from previous bar’s score; positive bars indicate acceleration, negative bars indicate deceleration.
o Confidence: Percentage of sub-indicators aligned with the score’s sign.
o Regime: Indicates whether trend-based signals are fully weighted or down-weighted.
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## 7. Oscillator Plot & Visualization: How to Read It
Main Score Line & Area
The oscillator plots the aggregated score as a line, with colored fill: green above zero for bullish area, red below zero for bearish area. Horizontal reference lines at ±Weak, ±Medium, and ±Strong thresholds mark zones: crossing above +Weak suggests beginning of bullish bias, above +Medium for moderate strength, above +Strong for strong trend; similarly for bearish below negative thresholds.
Δ Score Histogram
If enabled, a histogram shows score - score . When positive, bars appear in green above zero, indicating accelerating bullish momentum; when negative, bars appear in red below zero, indicating decelerating or reversing momentum. The height of each bar reflects the magnitude of change in the aggregated score from the prior bar.
Divergence Highlight Fill
If enabled, when a pivot-based divergence is confirmed:
• Bullish Divergence : fill the area below zero down to –Weak threshold in green, signaling potential reversal from bearish to bullish.
• Bearish Divergence : fill the area above zero up to +Weak threshold in red, signaling potential reversal from bullish to bearish.
These fills appear with a lag equal to pivot lookback (the number of bars needed to confirm the pivot). They do not repaint after confirmation, but users must understand this lag.
Trend Direction Label
When score crosses above or below the Weak threshold, a small label appears near the score line reading “Bullish” or “Bearish.” If the score returns within ±Weak, the label “Neutral” appears. This helps quickly identify shifts at the moment they occur.
Dashboard Panel
In the indicator pane’s top-right, a table shows:
1. EMA Cross status: “Bull”, “Bear”, “Flat”, or “Disabled”
2. VWMA Momentum status: similarly
3. Volume Spike status: “Bull”, “Bear”, “No”, or “Disabled”
4. ATR Breakout status: “Bull”, “Bear”, “No”, or “Disabled”
5. Higher-Timeframe Trend status: “Bull”, “Bear”, “Flat”, or “Disabled”
6. Score: numeric value (rounded)
7. Confidence: e.g., “80%” (colored: green for high, amber for medium, red for low)
8. Regime: “Trending” or “Ranging” (colored accordingly)
9. Trend Strength: textual label based on magnitude (e.g., “Medium Bullish Trend”)
10. Gauge: a bar of blocks representing |score|/100
All rows remain visible at all times; changing Dashboard Size only scales text size (Normal, Small, Tiny).
________________________________________
## 8. Example Usage (Illustrative Scenario)
Example: BTCUSD 5 Min
1. Setup: Add “Trend Gauge ” to your BTCUSD 5 Min chart. Defaults: EMAs (8/21), VWMA 14 with lookback 3, volume spike settings, ATR breakout 14/5, HTF = 5m (or adjust to 4H if preferred), ADX threshold 25, ranging weight 0.5, divergence RSI length 14 pivot lookback 5, penalty 0.5, smoothing length 3, thresholds Weak=20, Medium=50, Strong=80. Dashboard Size = Small.
2. Trend Onset: At some point, price breaks above recent high by ATR multiple, volume spikes upward, faster EMA crosses above slower EMA, HTF EMA also bullish, and ADX (manual) ≥ threshold → aggregated score rises above +20 (Weak threshold) into +Medium zone. Dashboard shows “Bull” for EMA, VWMA, Vol Spike, ATR, HTF; Score ~+60–+70; Confidence ~100%; Regime “Trending”; Trend Strength “Medium Bullish Trend”; Gauge ~6–7 blocks. Δ Score histogram bars are green and rising, indicating accelerating bullish momentum. Trader notes the alignment.
3. Divergence Warning: Later, price makes a slightly higher high but RSI fails to confirm (lower RSI high). Pivot lookback completes; the indicator highlights a bearish divergence fill above zero and subtracts a small penalty from the score, causing score to stall or retrace slightly. Dashboard still bullish but score dips toward +Weak. This warns the trader to tighten stops or take partial profits.
4. Trend Weakens: Score eventually crosses below +Weak back into neutral; a “Neutral” label appears, and a “Neutral Trend” alert fires if enabled. Trader exits or avoids new long entries. If score subsequently crosses below –Weak, a “Bearish” label and alert occur.
5. Customization: If the trader finds VWMA noise too frequent on this instrument, they may disable VWMA or increase lookback. If ATR breakouts are too rare, adjust ATR length or multiplier. If ADX threshold seems off, tune threshold. All these adjustments are explained in Inputs section.
6. Visualization: The screenshot shows the main score oscillator with colored areas, reference lines at ±20/50/80, Δ Score histogram bars below/above zero, divergence fill highlighting potential reversal, and the dashboard table in the top-right.
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## 9. Inputs Explanation
A concise yet clear summary of inputs helps users understand and adjust:
1. General Settings
• Theme (Dark/Light): Choose background-appropriate colors for the indicator pane.
• Dashboard Size (Normal/Small/Tiny): Scales text size only; all dashboard elements remain visible.
2. Indicator Settings
• Enable EMA Cross: Toggle on/off basic EMA alignment check.
o Fast EMA Length and Slow EMA Length: Periods for EMAs.
• Enable VWMA Momentum: Toggle VWMA momentum check.
o VWMA Length: Period for VWMA.
o VWMA Momentum Lookback: Bars to compare VWMA to measure momentum.
• Enable Volume Spike: Toggle volume spike detection.
o Volume SMA Length: Period to compute average volume.
o Volume Spike Multiplier: How many times above average volume qualifies as spike.
o Min Price Move (%): Minimum percent change in price during spike to qualify as bullish or bearish.
• Enable ATR Breakout: Toggle ATR breakout detection.
o ATR Length: Period for ATR.
o Breakout Lookback: Bars to look back for recent highs/lows.
o ATR Multiplier: Multiplier for breakout threshold.
• Enable Higher Timeframe Trend: Toggle HTF EMA alignment.
o Higher Timeframe: E.g., “5” for 5-minute when on 1-minute chart, or “60” for 5 Min when on 15m, etc. Uses lookahead_off.
• Enable ADX Regime Filter: Toggles regime-based weighting.
o ADX Length: Period for manual ADX calculation.
o ADX Threshold: Value above which market considered trending.
o Ranging Weight Multiplier: Weight applied to trend components when ADX < threshold (e.g., 0.5).
• Scale VWMA Momentum: Toggle normalization of VWMA momentum magnitude.
o VWMA Mom Scale Lookback: Period for average absolute VWMA momentum.
• Scale ATR Breakout Strength: Toggle normalization of breakout distance by ATR.
o ATR Scale Cap: Maximum multiple of ATR used for breakout strength.
• Enable Price-RSI Divergence: Toggle divergence detection.
o RSI Length for Divergence: Period for RSI.
o Pivot Lookback for Divergence: Bars on each side to identify pivot high/low.
o Divergence Penalty: Amount to subtract/add to score when divergence detected (e.g., 0.5).
3. Score Settings
• Smooth Score: Toggle EMA smoothing of normalized score.
• Score Smoothing Length: Period for smoothing EMA.
• Weak Threshold: Absolute score value under which trend is considered weak or neutral.
• Medium Threshold: Score above Weak but below Medium is moderate.
• Strong Threshold: Score above this indicates strong trend.
4. Visualization Settings
• Show Δ Score Histogram: Toggle display of the bar-to-bar change in score as a histogram. Default true.
• Show Divergence Fill: Toggle background fill highlighting confirmed divergences. Default true.
Each input has a tooltip in the code.
________________________________________
## 10. Limitations, Repaint Notes, and Disclaimers
10.1. Repaint & Lag Considerations
• Pivot-Based Divergence Lag: The divergence detection uses ta.pivothigh / ta.pivotlow with a specified lookback. By design, a pivot is only confirmed after the lookback number of bars. As a result:
o Divergence labels or fills appear with a delay equal to the pivot lookback.
o Once the pivot is confirmed and the divergence is detected, the fill/label does not repaint thereafter, but you must understand and accept this lag.
o Users should not treat divergence highlights as predictive signals without additional confirmation, because they appear after the pivot has fully formed.
• Higher-Timeframe EMA Alignment: Uses request.security(..., lookahead=barmerge.lookahead_off), so no future data from the higher timeframe is used. This avoids lookahead bias and ensures signals are based only on completed higher-timeframe bars.
• No Future Data: All calculations are designed to avoid using future information. For example, manual ADX uses RMA on past data; security calls use lookahead_off.
10.2. Market & Noise Considerations
• In very choppy or low-liquidity markets, some components (e.g., volume spikes or VWMA momentum) may be noisy. Users can disable or adjust those components’ parameters.
• On extremely low timeframes, noise may dominate; consider smoothing lengths or disabling certain features.
• On very high timeframes, pivots and breakouts occur less frequently; adjust lookbacks accordingly to avoid sparse signals.
10.3. Not a Standalone Trading System
• This is an indicator, not a complete trading strategy. It provides signals and context but does not manage entries, exits, position sizing, or risk management.
• Users must combine it with their own analysis, money management, and confirmations (e.g., price patterns, support/resistance, fundamental context).
• No guarantees: past behavior does not guarantee future performance.
10.4. Disclaimers
• Educational Purposes Only: The script is provided as-is for educational and informational purposes. It does not constitute financial, investment, or trading advice.
• Use at Your Own Risk: Trading involves risk of loss. Users should thoroughly test and use proper risk management.
• No Guarantees: The author is not responsible for trading outcomes based on this indicator.
• License: Published under Mozilla Public License 2.0; code is open for viewing and modification under MPL terms.
________________________________________
## 11. Alerts
• The indicator defines three alert conditions:
1. Bullish Trend: when the aggregated score crosses above the Weak threshold.
2. Bearish Trend: when the score crosses below the negative Weak threshold.
3. Neutral Trend: when the score returns within ±Weak after being outside.
Good luck
– BullByte
Daily Percent Change LabelDaily Percent Change Label
Overview
This Pine Script displays the percentage change from the previous day's closing price as a text label near the current price level on the chart. It works seamlessly across any timeframe (daily, hourly, minute charts) by referencing the daily chart's previous close, making it perfect for traders tracking daily performance.
The label is displayed with a semi-transparent background (green for positive changes, red for negative changes) and white text, ensuring a clean and readable appearance.
Features
Accurate Daily Percent Change: Calculates the percentage change based on the previous day's closing price, even on intraday timeframes (e.g., 1-hour, 5-minute).
Dynamic Label: Shows the percentage change as a label aligned with the current price, updating in real-time.
Color-Coded Background: Semi-transparent green background for positive changes and red for negative changes.
Customizable: Adjust label position, size, color, and style to fit your preferences.
Minimal Impact: No additional plots or graphs, keeping the chart uncluttered.
How to Use
Add the Script:
Copy and paste the script into the Pine Editor in TradingView.
Click "Add to Chart" to apply it.
Check the Output:
A text label (e.g., "+2.34%" or "-1.56%") appears near the current price with a semi-transparent background.
The label is colored green (positive) or red (negative) and updates in real-time.
Switch Timeframes:
Works on any timeframe. The percentage change is always calculated relative to the previous day's close.
Customization Options
Modify the label.new function to customize the label:
Label Position:
Change style=label.style_label_left to label.style_label_right or label.style_label_down to adjust label placement.
Adjust bar_index with an offset (e.g., bar_index + 1) to move the label horizontally.
Text Color:
Modify textcolor=color.white to another color (e.g., color.rgb(255, 255, 0) for yellow).
Background Color:
Adjust color=percent_change >= 0 ? color.new(color.green, 50) : color.new(color.red, 50) to change transparency (e.g., color.new(color.green, 0) for no transparency).
Text Size:
Change size=size.normal to size.small or size.large for smaller or larger text.
Code Details
Timeframe Handling: Uses request.security with the "D" timeframe to fetch the previous day's closing price, ensuring accuracy on intraday charts.
Performance: Updates only on the last bar (barstate.islast) for optimal performance.
Dynamic Styling: Background color changes based on the direction of the price change.
Notes
The label is positioned near the current price for easy reference. To move it closer to the Y-axis, adjust the bar_index offset.
For different reference points (e.g., weekly close), modify the request.security timeframe (e.g., "W" for weekly).
Ensure the script is copied correctly without extra spaces or characters. Use a plain text editor (e.g., Notepad) for copying.
Feedback
Please share your feedback or customizations in the comments! If you find this script helpful, give it a thumbs-up or let others know how you're using it. Happy trading!
Ribbit RangesBounce Around Multiple
(Open, High, Low, Close) Ranges
On Pre/Post Market & (Daily, Weekly,
Monthly, Yearly) Sessions With
Meticulous Lines, Labels, Tooltips,
Colors, Custom Ideas, and Alerts.
Sessions Use Two Step Incremental Values
Default Value: (1) Shows Two Previous
(O, H, L, C); Increasing Value Swaps
Sessions With Next Two Ranges.
⬛️ KEY WORDS:
🟢 Crossover | 🔴 Crossunder
📗 High | 📕 Low
📔 Open | 📓 Close
🥇 First Idea | 🥈 Second Idea
🥉 Third Idea | 🎖️ Fourth Idea
🟥 ALERTS:
Default Option: (Per Bar)
Alerts Once Conditions Are Met
(Bar Close) Alerts When Bar Closes
Default Option: (Reg)
Alerts During Regular Market
Trading Hours, (0930-1600)
(Ext) Alerts During Extended
Market Hours, (1600-0930)
(24/7) Alerts All Day
Optional Preferences:
Regular Alerts - Stocks
Extended Alerts - Futures
24/7 Alerts - Crypto
🟧 RANGES:
Default Value: (1)
Incremental Range Value, Increasing Value
Swaps Sessions With the Next Two Ranges
(✓) Swap Ranges?
Pre/Post Market High/Lows,
1-2 Day High/Lows, 1-2 Week High/Lows,
1-2 Month High/Lows, 1-2 Year High/Lows
( ) Swap Ranges?
Pre/Post Market Open/Close,
1-2 Day Open/Close, 1-2 Week Open/Close,
1-2 Month Open/Close, 1-2 Year Open/Close
🟨 EXAMPLES:
Default Range:
🟢 | 📗 Pre Market High (PRE) | 4600.00
🔴 | 📕 Post Market Low (POST) | 420.00
Optional: (Open)
🟢 | 📔 Post Market Open (POST) | 4400.00
Optional: (Close)
🔴 | 📓 Pre Market Close (PRE) | 430.00
Default Range Value: (1)
🔴 | 📗 1 Day High (1DH) | 460.00
Next Range Value: (3)
🟢 | 📕 4 Day Low (4DL) | 420.00
Optional: (Open)
🔴 | 📔 2 Day Open (2DO) | 440.00
Optional: (Close)
🟢 | 📓 3 Day Close (3DC) | 430.00
Default Range Value: (5)
🟢 | 📗 5 Week High (5WH) | 460.00
Next Range Value: (7)
🔴 | 📕 8 Week Low (8WL) | 420.00
Optional: (Open)
🔴 | 📔 7 Week Open (7WO) | 4400.00
Optional: (Close)
🟢 | 📓 6 Week Close (6WC) | 430.00
Default Range Value: (9)
🔴 | 📗 9 Month High (9MH) | 460.00
Next Range Value: (11)
🟢 | 📕 12 Month Low (12ML) | 420.00
Optional: (Open)
🟢 | 📔 11 Month Open (11MO) | 4400.00
Optional: (Close)
🔴 | 📓 10 Month Close (10MC) | 430.00
Default Range Value: (13)
🟢 | 📗 13 Year High (13YH) | 460.00
Next Range Value: (15)
🟢 | 📕 16 Year Low (16YL) | 420.00
Optional: (Open)
🔴 | 📔 15 Year Open (15YO) | 4400.00
Optional: (Close)
🔴 | 📓 14 Year Close (14YC) | 430.00
🟩 COLORS:
(✓) Swap Colors?
Text Color Is Shown Using
Background Color
( ) Swap Colors?
Background Color Is Shown
Using Text Color
🟦 IDEAS:
(✓) Show Ideas?
Plots Four Ideas With Custom Lines
and Labels; Ideas Are Based Around
Post-It Note Reminders with Alerts
Suggestions For Text Ideas:
Take Profit, Stop Loss, Trim, Hold,
Long, Short, Bounce Spot, Retest,
Chop, Support, Resistance, Buy, Sell
🟪 EXAMPLES:
Default Value: (5)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (🥇)
Shown On First Label and
Message Appearing On Alerts
Alert Shows: 🟢 | 🥇 | 5.00
Default Value: (10)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (🥈)
Shown On Second Label and
Message Appearing On Alerts
Alert Shows: 🔴 | 🥈 | 10.00
Default Value: (50)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (🥉)
Shown On Third Label and
Message Appearing On Alerts
Alert Shows: 🟢 | 🥉 | 50.00
Default Value: (100)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (🎖️)
Shown On Fourth Label and
Message Appearing On Alerts
Alert Shows: 🔴 | 🎖️ | 100.00
⬛️ REFERENCES:
Pre-market Highs & Lows on regular
trading hours (RTH) chart
By Twingall
Previous Day Week Highs & Lows
By Sbtnc
Screener for 40+ instruments
By QuantNomad
Daily Weekly Monthly Yearly Opens
By Meliksah55
libhs.log.DEMO◼ Overview
This is a demonstration of dual logging library I have ported from my personal use for public use. Please start bar replay from Bar#4, and progress automatically slowly or manually.You would need to go through 450+ bars to see the full capability.
Logger=A dual logging library for developers. Tradingview lacks logging capability. This library provided logging while developing your scripts and is to be used by developers when developing and debugging their scripts.
Using this library would potentially slow down you scripts. Hence, use this for debugging only. Once your code is as you would like it to be, remove the logging code.
◼︎ Usage (Console):
Console = A sleek single cell logging with a limit of 4096 characters. When you dont need a large logging capability.
//@version=5
indicator("demo.Console", overlay=true)
plot(na)
import GETpacman/log/2 as logger
var console = logger.log.new()
console.init() // init() should be called as first line after variable declaration
console.FrameColor:=color.green
console.log('\n')
console.log('\n')
console.log('Hello World')
console.log('\n')
console.log('\n')
console.ShowStatusBar:=true
console.StatusBarAtBottom:=true
console.FrameColor:=color.blue //settings can be changed anytime before show method is called. Even twice. The last call will set the final value
console.ShowHeader:=false //this wont throw error but is not used for console
console.show(position=position.bottom_right) //this should be the last line of your code, after all methods and settings have been dealt with.
◼︎ Usage (Logx):
Logx = Multiple columns logging with a limit of 4096 characters each message. When you need to log large number of messages.
//@version=5
indicator("demo.Logx", overlay=true)
plot(na)
import GETpacman/log/2 as logger
var logx = logger.log.new()
logx.init() // init() should be called as first line after variable declaration
logx.FrameColor:=color.green
logx.log('\n')
logx.log('\n')
logx.log('Hello World')
logx.log('\n')
logx.log('\n')
logx.ShowStatusBar:=true
logx.StatusBarAtBottom:=true
logx.ShowQ3:=false
logx.ShowQ4:=false
logx.ShowQ5:=false
logx.ShowQ6:=false
logx.FrameColor:=color.olive //settings can be changed anytime before show method is called. Even twice. The last call will set the final value
logx.show(position=position.top_right) //this should be the last line of your code, after all methods and settings have been dealt with.
◼︎ Fields (with default settings)
▶︎ IsConsole = True Log will act as Console if true, otherwise it will act as Logx
▶︎ ShowHeader = True (Log only) Will show a header at top or bottom of logx.
▶︎ HeaderAtTop = True (Log only) Will show the header at the top, or bottom if false, if ShowHeader is true.
▶︎ ShowStatusBar = True Will show a status bar at the bottom
▶︎ StatusBarAtBottom = True Will show the status bar at the bottom, or top if false, if ShowHeader is true.
▶︎ ShowMetaStatus = True Will show the meta info within status bar (Current Bar, characters left in console, Paging On Every Bar, Console dumped data etc)
▶︎ ShowBarIndex = True Logx will show column for Bar Index when the message was logged. Console will add Bar index at the front of logged messages
▶︎ ShowDateTime = True Logx will show column for Date/Time passed with the logged message logged. Console will add Date/Time at the front of logged messages
▶︎ ShowLogLevels = True Logx will show column for Log levels corresponding to error codes. Console will log levels in the status bar
▶︎ ReplaceWithErrorCodes = True (Log only) Logx will show error codes instead of log levels, if ShowLogLevels is switched on
▶︎ RestrictLevelsToKey7 = True Log levels will be restricted to Ley 7 codes - TRACE, DEBUG, INFO, WARNING, ERROR, CRITICAL, FATAL
▶︎ ShowQ1 = True (Log only) Show the column for Q1
▶︎ ShowQ2 = True (Log only) Show the column for Q2
▶︎ ShowQ3 = True (Log only) Show the column for Q3
▶︎ ShowQ4 = True (Log only) Show the column for Q4
▶︎ ShowQ5 = True (Log only) Show the column for Q5
▶︎ ShowQ6 = True (Log only) Show the column for Q6
▶︎ ColorText = True Log/Console will color text as per error codes
▶︎ HighlightText = True Log/Console will highlight text (like denoting) as per error codes
▶︎ AutoMerge = True (Log only) Merge the queues towards the right if there is no data in those queues.
▶︎ PageOnEveryBar = True Clear data from previous bars on each new bar, in conjuction with PageHistory setting.
▶︎ MoveLogUp = True Move log in up direction. Setting to false will push logs down.
▶︎ MarkNewBar = True On each change of bar, add a marker to show the bar has changed
▶︎ PrefixLogLevel = True (Console only) Prefix all messages with the log level corresponding to error code.
▶︎ MinWidth = 40 Set the minimum width needed to be seen. Prevents logx/console shrinking below these number of characters.
▶︎ TabSizeQ1 = 0 If set to more than one, the messages on Q1 or Console messages will indent by this size based on error code (Max 4 used)
▶︎ TabSizeQ2 = 0 If set to more than one, the messages on Q2 will indent by this size based on error code (Max 4 used)
▶︎ TabSizeQ3 = 0 If set to more than one, the messages on Q2 will indent by this size based on error code (Max 4 used)
▶︎ TabSizeQ4 = 0 If set to more than one, the messages on Q2 will indent by this size based on error code (Max 4 used)
▶︎ TabSizeQ5 = 0 If set to more than one, the messages on Q2 will indent by this size based on error code (Max 4 used)
▶︎ TabSizeQ6 = 0 If set to more than one, the messages on Q2 will indent by this size based on error code (Max 4 used)
▶︎ PageHistory = 0 Used with PageOnEveryBar. Determines how many historial pages to keep.
▶︎ HeaderQbarIndex = 'Bar#' (Logx only) The header to show for Bar Index
▶︎ HeaderQdateTime = 'Date' (Logx only) The header to show for Date/Time
▶︎ HeaderQerrorCode = 'eCode' (Logx only) The header to show for Error Codes
▶︎ HeaderQlogLevel = 'State' (Logx only) The header to show for Log Level
▶︎ HeaderQ1 = 'h.Q1' (Logx only) The header to show for Q1
▶︎ HeaderQ2 = 'h.Q2' (Logx only) The header to show for Q2
▶︎ HeaderQ3 = 'h.Q3' (Logx only) The header to show for Q3
▶︎ HeaderQ4 = 'h.Q4' (Logx only) The header to show for Q4
▶︎ HeaderQ5 = 'h.Q5' (Logx only) The header to show for Q5
▶︎ HeaderQ6 = 'h.Q6' (Logx only) The header to show for Q6
▶︎ Status = '' Set the status to this text.
▶︎ HeaderColor Set the color for the header
▶︎ HeaderColorBG Set the background color for the header
▶︎ StatusColor Set the color for the status bar
▶︎ StatusColorBG Set the background color for the status bar
▶︎ TextColor Set the color for the text used without error code or code 0.
▶︎ TextColorBG Set the background color for the text used without error code or code 0.
▶︎ FrameColor Set the color for the frame around Logx/Console
▶︎ FrameSize = 1 Set the size of the frame around Logx/Console
▶︎ CellBorderSize = 0 Set the size of the border around cells.
▶︎ CellBorderColor Set the color for the border around cells within Logx/Console
▶︎ SeparatorColor = gray Set the color of separate in between Console/Logx Attachment
◼︎ Methods (summary)
● init ▶︎ Initialise the log
● log ▶︎ Log the messages. Use method show to display the messages
● page ▶︎ Clear messages from previous bar while logging messages on this bar.
● show ▶︎ Shows a table displaying the logged messages
● clear ▶︎ Clears the log of all messages
● resize ▶︎ Resizes the log. If size is for reduction then oldest messages are lost first.
● turnPage ▶︎ When called, all messages marked with previous page, or from start are cleared
● dateTimeFormat ▶︎ Sets the date time format to be used when displaying date/time info.
● resetTextColor ▶︎ Reset Text Color to library default
● resetTextBGcolor ▶︎ Reset Text BG Color to library default
● resetHeaderColor ▶︎ Reset Header Color to library default
● resetHeaderBGcolor ▶︎ Reset Header BG Color to library default
● resetStatusColor ▶︎ Reset Status Color to library default
● resetStatusBGcolor ▶︎ Reset Status BG Color to library default
● setColors ▶︎ Sets the colors to be used for corresponding error codes
● setColorsBG ▶︎ Sets the background colors to be used for corresponding error codes. If not match of error code, then text color used.
● setColorsHC ▶︎ Sets the highlight colors to be used for corresponding error codes.If not match of error code, then text bg color used.
● resetColors ▶︎ Reset the colors to library default (Total 36, not including error code 0)
● resetColorsBG ▶︎ Reset the background colors to library default
● resetColorsHC ▶︎ Reset the highlight colors to library default
● setLevelNames ▶︎ Set the log level names to be used for corresponding error codes. If not match of error code, then empty string used.
● resetLevelNames ▶︎ Reset the log level names to library default. (Total 36) 1=TRACE, 2=DEBUG, 3=INFO, 4=WARNING, 5=ERROR, 6=CRITICAL, 7=FATAL
● attach ▶︎ Attaches a console to an existing Logx, allowing to have dual logging system independent of each other
● detach ▶︎ Detaches an already attached console from Logx
lower_tfLibrary "lower_tf"
█ OVERVIEW
This library is an enhanced (opinionated) version of the library originally developed by PineCoders contained in lower_tf .
It is a Pine Script® programming tool for advanced lower-timeframe selection and intra-bar analysis.
█ CONCEPTS
Lower Timeframe Analysis
Lower timeframe analysis refers to the analysis of price action and market microstructure using data from timeframes shorter than the current chart period. This technique allows traders and analysts to gain deeper insights into market dynamics, volume distribution, and the price movements occurring within each bar on the chart. In Pine Script®, the request.security_lower_tf() function allows this analysis by accessing intrabar data.
The library provides a comprehensive set of functions for accurate mapping of lower timeframes, dynamic precision control, and optimized historical coverage using request.security_lower_tf().
█ IMPROVEMENTS
The original library implemented ten precision levels. This enhanced version extends that to twelve levels, adding two ultra-high-precision options:
Coverage-Based Precision (Original 5 levels):
1. "Covering most chart bars (least precise)"
2. "Covering some chart bars (less precise)"
3. "Covering fewer chart bars (more precise)"
4. "Covering few chart bars (very precise)"
5. "Covering the least chart bars (most precise)"
Intrabar-Count-Based Precision (Expanded from 5 to 7 levels):
6. "~12 intrabars per chart bar"
7. "~24 intrabars per chart bar"
8. "~50 intrabars per chart bar"
9. "~100 intrabars per chart bar"
10. "~250 intrabars per chart bar"
11. "~500 intrabars per chart bar" ← NEW
12. "~1000 intrabars per chart bar" ← NEW
The key enhancements in this version include:
1. Extended Precision Range: Adds two ultra-high-precision levels (~500 and ~1000 intrabars) for advanced microstructure analysis requiring maximum granularity.
2. Market-Agnostic Implementation: Eliminates the distinction between crypto/forex and traditional markets, removing the mktFactor variable in favor of a unified, predictable approach across all asset classes.
3. Explicit Precision Mapping: Completely refactors the timeframe selection logic using native Pine Script® timeframe properties ( timeframe.isseconds , timeframe.isminutes , timeframe.isdaily , timeframe.isweekly , timeframe.ismonthly ) and explicit multiplier-based lookup tables. The original library used minute-based calculations with market-dependent conditionals that produced inconsistent results. This version provides deterministic, predictable mappings for every chart timeframe, ensuring consistent precision behavior regardless of asset type or market hours.
An example of the differences can be seen side-by-side in the chart below, where the original library is on the left and the enhanced version is on the right:
█ USAGE EXAMPLE
// This Pine Script® code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org
// © andre_007
//@version=6
indicator("lower_tf Example")
import andre_007/lower_tf/1 as LTF
import PineCoders/Time/5 as PCtime
//#region ———————————————————— Example code
// ————— Constants
color WHITE = color.white
color GRAY = color.gray
string LTF1 = "Covering most chart bars (least precise)"
string LTF2 = "Covering some chart bars (less precise)"
string LTF3 = "Covering less chart bars (more precise)"
string LTF4 = "Covering few chart bars (very precise)"
string LTF5 = "Covering the least chart bars (most precise)"
string LTF6 = "~12 intrabars per chart bar"
string LTF7 = "~24 intrabars per chart bar"
string LTF8 = "~50 intrabars per chart bar"
string LTF9 = "~100 intrabars per chart bar"
string LTF10 = "~250 intrabars per chart bar"
string LTF11 = "~500 intrabars per chart bar"
string LTF12 = "~1000 intrabars per chart bar"
string TT_LTF = "This selection determines the approximate number of intrabars analyzed per chart bar. Higher numbers of
intrabars produce more granular data at the cost of less historical bar coverage, because the maximum number of
available intrabars is 200K.
\n\nThe first five options set the lower timeframe based on a specified relative level of chart bar coverage.
The last five options set the lower timeframe based on an approximate number of intrabars per chart bar."
string TAB_TXT = "Uses intrabars at the {0} timeframe.\nAvg intrabars per chart bar:
{1,number,#.#}\nChart bars covered: {2} of {3} ({4,number,#.##}%)"
string ERR_TXT = "No intrabar information exists at the {1}{0}{1} timeframe."
// ————— Inputs
string ltfModeInput = input.string(LTF3, "Intrabar precision", options = , tooltip = TT_LTF)
bool showInfoBoxInput = input.bool(true, "Show information box ")
string infoBoxSizeInput = input.string("normal", "Size ", inline = "01", options = )
string infoBoxYPosInput = input.string("bottom", "↕", inline = "01", options = )
string infoBoxXPosInput = input.string("right", "↔", inline = "01", options = )
color infoBoxColorInput = input.color(GRAY, "", inline = "01")
color infoBoxTxtColorInput = input.color(WHITE, "T", inline = "01")
// ————— Calculations
// @variable A "string" representing the lower timeframe for the data request.
// NOTE:
// This line is a good example where using `var` in the declaration can improve a script's performance.
// By using `var` here, the script calls `ltf()` only once, on the dataset's first bar, instead of redundantly
// evaluating unchanging strings on every bar. We only need one evaluation of this function because the selected
// timeframe does not change across bars in this script.
var string ltfString = LTF.ltf(ltfModeInput, LTF1, LTF2, LTF3, LTF4, LTF5, LTF6, LTF7, LTF8, LTF9, LTF10, LTF11, LTF12)
// @variable An array containing all intrabar `close` prices from the `ltfString` timeframe for the current chart bar.
array intrabarCloses = request.security_lower_tf(syminfo.tickerid, ltfString, close)
// Calculate the intrabar stats.
= LTF.ltfStats(intrabarCloses)
int chartBars = bar_index + 1
// ————— Visuals
// Plot the `avgIntrabars` and `intrabars` series in all display locations.
plot(avgIntrabars, "Average intrabars", color.silver, 6)
plot(intrabars, "Intrabars", color.blue, 2)
// Plot the `chartBarsCovered` and `chartBars` values in the Data Window and the script's status line.
plot(chartBarsCovered, "Chart bars covered", display = display.data_window + display.status_line)
plot(chartBars, "Chart bars total", display = display.data_window + display.status_line)
// Information box logic.
if showInfoBoxInput
// @variable A single-cell table that displays intrabar information.
var table infoBox = table.new(infoBoxYPosInput + "_" + infoBoxXPosInput, 1, 1)
// @variable The span of the `ltfString` timeframe formatted as a number of automatically selected time units.
string formattedLtf = PCtime.formattedNoOfPeriods(timeframe.in_seconds(ltfString) * 1000)
// @variable A "string" containing the formatted text to display in the `infoBox`.
string txt = str.format(
TAB_TXT, formattedLtf, avgIntrabars, chartBarsCovered, chartBars, chartBarsCovered / chartBars * 100, "'"
)
// Initialize the `infoBox` cell on the first bar.
if barstate.isfirst
table.cell(
infoBox, 0, 0, txt, text_color = infoBoxTxtColorInput, text_size = infoBoxSizeInput,
bgcolor = infoBoxColorInput
)
// Update the cell's text on the latest bar.
else if barstate.islast
table.cell_set_text(infoBox, 0, 0, txt)
// Raise a runtime error if no intrabar data is available.
if ta.cum(intrabars) == 0 and barstate.islast
runtime.error(str.format(ERR_TXT, ltfString, "'"))
//#endregion
█ EXPORTED FUNCTIONS
ltf(userSelection, choice1, choice2, ...)
Returns the optimal lower timeframe string based on user selection and current chart timeframe. Dynamically calculates precision to balance granularity with historical coverage within the 200K intrabar limit.
ltfStats(intrabarValues)
Analyzes an intrabar array returned by request.security_lower_tf() and returns statistics: number of intrabars in current bar, total chart bars covered, and average intrabars per bar.
█ CREDITS AND LICENSING
Original Concept : PineCoders Team
Original Lower TF Library :
License : Mozilla Public License 2.0
