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Bands and Channels

TWAP & VWAP CombinedThis script integrates Time Weighted Average Price (TWAP) and Volume Weighted Average Price (VWAP) into a single TradingView indicator, allowing traders to analyze both price-weighted and volume-weighted trends simultaneously. Features: TWAP Calculation: Computes the average price over a specified anchor period (e.g., daily). Resets and recalculates TWAP when the anchor period changes. Uses the OHLC4 (Open, High, Low, Close average) as the default price source. VWAP Calculation: Computes the VWAP based on the selected anchor period (Session, Week, Month, etc.). Allows the option to hide VWAP when the timeframe is 1D or higher. Uses HLC3 (High, Low, Close average) as the default source. Dynamically resets VWAP at the start of a new period. Customization Options: Users can modify the source price for TWAP and VWAP calculations. Adjustable offsets for both indicators to shift plots forward or backward. Ability to select different VWAP anchor periods, including earnings, dividends, and splits. Error Handling: Displays an error message if volume data is missing, ensuring VWAP functions correctly.
Pine Script™ indicator
by harsh8850king
Mehul - ADX Zero LagThis script combines two popular technical indicators into a single visualization: 1. **Average Directional Index (ADX)**: - Measures trend strength on a scale from 0-100 (now normalized to 0-1 by dividing by 100) - Displayed as a red line - Adjustable smoothing and length parameters 2. **Zero Lag MACD (Modified Moving Average Convergence Divergence)**: - An enhanced version of the traditional MACD with reduced lag - Shows the relationship between fast and slow moving averages - Main components include: - MACD line (black) - Signal line (gray) - Histogram (green for positive, purple for negative) - EMA of the MACD line (red) - Optional crossing dots Key features of the combined indicator: - **Scale Adjustment**: Both indicators can be scaled independently (adxScale and macdScale parameters) - **Visibility Toggles**: Each indicator can be shown or hidden - **Advanced Customization**: Parameters for both indicators can be fine-tuned - **Algorithm Selection**: Option to choose between the "Glaz" algorithm or the "real" zero lag algorithm - **Display Options**: Toggles for visualization elements like crossing dots The most significant technical aspect is that both indicators are displayed in the same pane with compatible scaling, achieved by normalizing the ADX values and applying user-defined scale factors to both indicators. This combined indicator is designed to give traders a comprehensive view of both trend strength (from ADX) and momentum/direction (from Zero Lag MACD) in a single, easy-to-read visualization.
Pine Script™ indicator
by mwarade
ReadyFor401ks Just Tell Me When!ReadyFor401ks Just Tell Me When! LET ME START BY SAYING. NO INDICATOR WILL HELP YOU NAIL THE PERFECT ENTRY/EXIT ON A TRADE. YOU SHOULD ALWAYS EDUCATE YOURSELF AND HAVE A BASIC UNDERSTANDING OF INVESTING, TRADING, CHART ANALYSIS, AND THE RISKS INVOLVED WITH. THAT BEING SAID, WITH THE RIGHT ADJUSTMENTS, IT'S PRETTY D*$N CLOSE TO PERFECTION! This indicator is designed to help traders identify t rend direction, continuation signals, and potential exits based on a dynamic blend of moving averages, ATR bands, and price action filters. Whether you’re an intraday trader scalping the 5-minute chart or a swing trader analyzing the weekly timeframe for LEAPS , this tool provides a clear, rule-based system to help guide your trading decisions. ⸻ Key Features & Benefits 🔹 Customizable Trend Power (Baseline) Calculation • Choose from JMA, EMA, HMA, TEMA, DEMA, SMA, VAMA, and WMA for defining your baseline trend direction. • The baseline helps confirm whether the market is in a bullish or bearish phase. 🔹 ATR-Based Trend Continuation & Volatility Measurement • ATR bands dynamically adjust to market conditions, helping you spot breakouts and fakeouts. • The indicator detects when price violates ATR range , which often signals impulse moves. 🔹 Clear Entry & Exit Signals • Uses a Continuation MA (SSL2) to confirm trends. • Includes a separate Exit MA (SSL3) that provides crossover signals to indicate when to exit trades or reverse positions . • Plots trend continuation circles when ATR conditions align with trend signals. 🔹 Keltner Channel Baseline for Market Structure • A modified Keltner Channel is integrated into the baseline to help filter out choppy conditions . • If price remains inside the baseline, the market is in consolidation , while breakouts beyond the bands indicate strong trends . 🔹 Adaptive Color Coding for Market Conditions • Bars change color based on momentum, making trend direction easy to read. • Green = Bullish Trend, Red = Bearish Trend, Gray = Neutral/Chop. 🔹 Flexible Alerts for Trade Management • Get real-time alerts when the Exit MA crosses price , helping you l ock in profits or switch directions . ⸻ How to Use This Indicator for Different Trading Styles 🟢 For Intraday Trading (5-Minute Chart Setup) • Faster MA settings help react quickly to momentum shifts. • Ideal for scalping breakouts, trend continuation setups, and intraday reversals. • Watch for ATR violations and price interacting with the baseline/Keltner Channel for entries. -------------------------------- My Settings for Intraday Trading on 5min Chart ATR Period: 15 ATR Multi: 1 ATR Smoothing: WMA Trend Power based off of: JMA Trend Power Period: 30 Continuation Type: JMA Continuation Length: 20 Calculate Exit of what MA?: HMA Calculate Exit off what Period? 30 Source of Exit Calculation: close JMA Phase *APPLIES TO JMA ONLY: 3 JMA Power *APPLIES TO JMA ONLY: 3 Volatility Lookback Period *APPLIES TO VAMA ONLY 30 Use True Range for Channel? Checked Base Channel Multiplier: 0.4 ATR Continuation Criteria: 1.1 ---------------------------------- 🔵 For Swing Trading & LEAPS (Weekly Chart Setup - Default Settings) • Slower MAs provide a broader view of trend structure. • Helps capture multi-week trend shifts and confirm entry points for longer-term trades. • Weekly ATR bands highlight when stocks are entering overextended conditions. 💡 Example: Let’s say you’re looking at TSLA on a Weekly Chart using the default settings. You notice that price crosses above the continuation MA (SSL2) while remaining above the baseline (trend power MA). The bar turns green, and price breaks above ATR resistance, signaling a strong bullish continuation. This could be a great opportunity to enter a long-term swing trade or LEAPS options position. On the flip side, if price reverses below the Exit MA (SSL3) and turns red while breaking the lower ATR band, it might signal a good time to exit longs or enter a short trade. ⸻ Final Thoughts The ReadyFor401ks Just Tell Me When! indicator is an all-in-one trading system that simplifies trend-following, volatility measurement, and trade management. By integrating multiple moving average types, ATR filters, and clear visual cues, it allows traders to stay disciplined and remove emotions from their trading decisions. ✅ Perfect for scalpers, day traders, and swing traders alike! 🔔 Set up alerts for automated trade signals and never miss a key move! 💬 If you find this indicator useful, leave a comment and share how you use it in your trading! 🚀
Pine Script™ indicator
by ReadyFor401k
Quarterly EMA StrategyThis strategy is designed for quarterly swing trading in Indian stock futures (Top 50 liquid stocks). It focuses on pullbacks to key EMAs (10 & 21) with RSI confirmation to capture high-probability long trades. The goal is to generate consistent profits with a structured entry, exit, and stop-loss system while minimizing risk. ⸻ 🎯 Core Trading Logic 1️⃣ Only trades in the Top 50 NSE Futures stocks for liquidity. 2️⃣ Entry: When the quarterly candle pulls back to the 10 EMA or 21 EMA, and RSI is below 40. 3️⃣ Exit Rules: • Quick Exit: If the stock gains 8-10% in a single day, exit immediately. • EMA Separation Exit: If the stock moves too far from 10 EMA on the daily chart, exit and re-enter later. 4️⃣ Stop Loss: • If the gap between 10 EMA & 21 EMA is large, a 15% stop-loss is placed below the moving average. 5️⃣ Re-entry Strategy: If exited early, re-enter on daily pullback to the 10 EMA when price stabilizes. ⸻ 📊 Trading Edge & Benefits ✅ Combines Technical & Fundamental Strength – Focuses on strong stocks that pull back for a better entry. ✅ Uses EMAs for Trend Confirmation – Ensures the stock is still bullish before entering. ✅ RSI Confirmation – Avoids chasing stocks by entering at logical retracements. ✅ Risk Management Built-In – Uses dynamic stop-loss and exit triggers to protect capital. ✅ Quarterly Structure – Provides a low-effort, high-accuracy trading approach for high conviction trades. ⸻ 🛠️ How to Use This Strategy on TradingView? 1️⃣ Apply the script to TradingView by copying and pasting it into the Pine Script Editor. 2️⃣ Set Alerts for Entries & Exits – Get notified when a trade is triggered. 3️⃣ Use with NSE Futures – Stick to the Top 50 futures stocks for best results. 4️⃣ Monitor Daily Charts – Exit manually if price moves away too fast from the 10 EMA. 5️⃣ Backtest & Adjust Risk – Customize SL and profit targets based on your risk appetite. ⸻ 🚀 Profit Potential & Expectations 🔹 Target: ₹1.25 lakh per stock per quarter using this strategy. 🔹 Works best with large-cap, high-volume futures stocks. 🔹 Expected win rate: 65-75% (based on backtests). 🔹 Requires discipline & patience to wait for ideal setups.
Pine Script™ strategy
by adityani4545
Bollinger Bands Multi TFBollinger Bands Multi TF Indicator Overview The Bollinger Bands Multi TF Indicator allows traders to overlay two sets of Bollinger Bands from different timeframes onto the same chart. This provides a broader market perspective by helping identify volatility and trend direction across multiple timeframes. Features ✅ Dual Timeframe Support – Configure Bollinger Bands for two different timeframes (default: 15 min & 5 min). ✅ Customizable Moving Averages – Choose from SMA, EMA, SMMA (RMA), WMA, or VWMA as the basis line for each band. ✅ Dynamic Standard Deviation – Adjust the standard deviation multiplier for each timeframe. ✅ Visual Clarity – Different colors for each Bollinger Band set, with background filling for better visualization. How to Use 🔹 Use the higher timeframe Bollinger Bands to identify overall trend and key resistance/support levels. 🔹 Use the lower timeframe Bollinger Bands for fine-tuned entry/exit signals within the broader trend. 🔹 A tightening of bands may indicate low volatility, signaling a potential breakout. 🔹 A widening of bands may suggest increased volatility and trend continuation. Ideal For 📈 Intraday and swing traders looking for multi-timeframe confluence. 📊 Volatility-based traders who use Bollinger Bands for breakouts or reversals. 📍 Any trader wanting a deeper market context beyond a single timeframe.
Pine Script™ indicator
by BharathBilla
VWAP (Enhanced)Structured VWAP Enhanced A dynamic, multi-functional VWAP indicator designed to help traders visualize key support and resistance levels during the trading session. This indicator computes the Volume Weighted Average Price (VWAP) along with two structured bands derived from customizable multipliers based on either standard deviation or percentage. In addition, it offers the following features: Dual Bands: Displays two bands (Band #1 and Band #2) that adapt to market volatility, each with its own customizable multiplier. Dynamic Midlines: Plots both the original midlines (the center of each band) and enhanced midlines between the VWAP and each band edge for clearer visual cues. Fixed Offset Bands: Includes offset lines set at a fixed 0.25% above and below the VWAP and each band level to help highlight near-term price targets. Custom VWAP Anchoring: Supports various anchoring periods (Session, Week, Month, etc.) and special events (Earnings, Dividends, Splits) to reset VWAP calculations, making it adaptable to different trading styles. Visual Customization: Easily toggle the display of each component (bands, midlines, enhanced midlines, and offset lines) to suit your analysis needs. Whether you are an intraday trader or a longer-term market participant, Structured VWAP Enhanced provides a robust framework to identify price imbalances and potential turning points throughout your trading day. Add this indicator to your chart for a comprehensive view of VWAP dynamics and structured market levels.
Pine Script™ indicator
by petrosollar
Median Volume Weighted DeviationMVWD (Median Volume Weighted Deviation) The Median Volume-Weighted Deviation is a technical trend following indicator that overlays dynamic bands on the price chart, centered around a Volume Weighted Average Price (VWAP). By incorporating volume-weighted standard deviation and its median, it identifies potential overbought and oversold conditions, generating buy and sell signals based on price interactions with the bands. The fill color between the bands visually reflects the current signal, enhancing market sentiment analysis. How it Works VWAP Calculation: Computes the Volume-Weighted Average Price over a specific lookback period (n), emphasizing price levels with higher volume. Volume Weighted Standard Deviation: Measures price dispersion around the VWAP, weighted by volume, over the same period. Median Standard Deviation: Applies a median filter over (m) periods to smooth the stand deviation, reducing noise in volatility estimates. Bands: Constructs upper and lower bands by adding and subtracting a multiplier (k) times the median standard deviation from the VWAP Signals: Buy Signal: Triggers when the closing price crosses above the upper band. Sell Signal: Triggers when the closing price crosses below the lower band. Inputs Lookback (n): Number of periods for the VWAP and standard deviation calculations. Default is set to 14. Median Standard Deviation (m): Periods for the median standard deviation. Default is set to 2. Standard Deviation Multiplier (k): Multiplier to adjust band width. Default is set to 1.7 with a step of 0.1. Customization Increase the Lookback (n) for a smoother VWAP and broader perspective, or decrease the value for higher sensitivity. Adjust Median Standard Deviation (m) to control the smoothness of the standard deviation filter. Modify the multiplier (k) to widen or narrow the bands based on the market volatility preferences.
Pine Script™ indicator
by Burggg
CBA Block Tops/Bottoms w/TableHow It Works Separate Block Sizes & Pre-Calculations: • Two inputs let you set the TOP block size and the BOTTOM block size independently (default both 5). • The script pre-calculates the highest high over the TOP block and the lowest low over the BOTTOM block using ta.highest and ta.lowest. Horizontal Line Customization: • Users can toggle each horizontal line on or off (via showTopLine and showBottomLine). • Colors, widths, and line styles (Solid, Dotted, or Dashed) for TOP and BOTTOM lines are customizable with separate inputs. • When a block ends, if the corresponding line is enabled, a horizontal line is drawn using the user‑selected parameters. Array Storage and Averaging: • The script appends each block’s TOP value to the tops array and each BOTTOM value to the bottoms array, keeping their sizes to a maximum defined by the lookback (default 25). • A helper function, f_avg(), safely computes the average of the array values. Table Display: • A table is created with three columns: an index column (with fixed labels “Active”, “Prev”, “Prev-2”, “Prev-3”, “Prev-4”, “Avg”), a TOP column, and a BOTTOM column. • The first five rows display the most recent TOP and BOTTOM signals (“Active” being the most recent), and the final row shows the average values. This code gives you full control over both the TOP and BOTTOM block calculations and the appearance of their horizontal lines, all while presenting the data in an informative table.
Pine Script™ indicator
by ChalkBoardAnalytics