Get started

Breadth Indicators

Range Filter Buy and Sell 5min## **Enhanced Range Filter Strategy: A Comprehensive Overview** ### **1. Introduction** The **Enhanced Range Filter Strategy** is a powerful technical trading system designed to identify high-probability trading opportunities while filtering out market noise. It utilizes **range-based trend filtering**, **momentum confirmation**, and **volatility-based risk management** to generate precise entry and exit signals. This strategy is particularly useful for traders who aim to capitalize on trend-following setups while avoiding choppy, ranging market conditions. --- ### **2. Key Components of the Strategy** #### **A. Range Filter (Trend Determination)** - The **Range Filter** smooths price fluctuations and helps identify clear trends. - It calculates an **adjusted price range** based on a **sampling period** and a **multiplier**, ensuring a dynamic trend-following approach. - **Uptrends:** When the current price is above the range filter and the trend is strengthening. - **Downtrends:** When the price falls below the range filter and momentum confirms the move. #### **B. RSI (Relative Strength Index) as Momentum Confirmation** - RSI is used to **filter out weak trades** and prevent entries during overbought/oversold conditions. - **Buy Signals:** RSI is above a certain threshold (e.g., 50) in an uptrend. - **Sell Signals:** RSI is below a certain threshold (e.g., 50) in a downtrend. #### **C. ADX (Average Directional Index) for Trend Strength Confirmation** - ADX ensures that trades are only taken when the trend has **sufficient strength**. - Avoids trading in low-volatility, ranging markets. - **Threshold (e.g., 25):** Only trade when ADX is above this value, indicating a strong trend. #### **D. ATR (Average True Range) for Risk Management** - **Stop Loss (SL):** Placed **one ATR below** (for long trades) or **one ATR above** (for short trades). - **Take Profit (TP):** Set at a **3:1 reward-to-risk ratio**, using ATR to determine realistic price targets. - Ensures volatility-adjusted risk management. --- ### **3. Entry and Exit Conditions** #### **📈 Buy (Long) Entry Conditions:** 1. **Price is above the Range Filter** → Indicates an uptrend. 2. **Upward trend strength is positive** (confirmed via trend counter). 3. **RSI is above the buy threshold** (e.g., 50, to confirm momentum). 4. **ADX confirms trend strength** (e.g., above 25). 5. **Volatility is supportive** (using ATR analysis). #### **📉 Sell (Short) Entry Conditions:** 1. **Price is below the Range Filter** → Indicates a downtrend. 2. **Downward trend strength is positive** (confirmed via trend counter). 3. **RSI is below the sell threshold** (e.g., 50, to confirm momentum). 4. **ADX confirms trend strength** (e.g., above 25). 5. **Volatility is supportive** (using ATR analysis). #### **🚪 Exit Conditions:** - **Stop Loss (SL):** - **Long Trades:** 1 ATR below entry price. - **Short Trades:** 1 ATR above entry price. - **Take Profit (TP):** - Set at **3x the risk distance** to achieve a favorable risk-reward ratio. - **Ranging Market Exit:** - If ADX falls below the threshold, indicating a weakening trend. --- ### **4. Visualization & Alerts** - **Colored range filter line** changes based on trend direction. - **Buy and Sell signals** appear as labels on the chart. - **Stop Loss and Take Profit levels** are plotted as dashed lines. - **Gray background highlights ranging markets** where trading is avoided. - **Alerts trigger on Buy, Sell, and Ranging Market conditions** for automation. --- ### **5. Advantages of the Enhanced Range Filter Strategy** ✅ **Trend-Following with Noise Reduction** → Helps avoid false signals by filtering out weak trends. ✅ **Momentum Confirmation with RSI & ADX** → Ensures that only strong, valid trades are executed. ✅ **Volatility-Based Risk Management** → ATR ensures adaptive stop loss and take profit placements. ✅ **Works on Multiple Timeframes** → Effective for day trading, swing trading, and scalping. ✅ **Visually Intuitive** → Clearly displays trade signals, SL/TP levels, and trend conditions. --- ### **6. Who Should Use This Strategy?** ✔ **Trend Traders** who want to enter trades with momentum confirmation. ✔ **Swing Traders** looking for medium-term opportunities with a solid risk-reward ratio. ✔ **Scalpers** who need precise entries and exits to minimize false signals. ✔ **Algorithmic Traders** using alerts for automated execution. --- ### **7. Conclusion** The **Enhanced Range Filter Strategy** is a powerful trading tool that combines **trend-following techniques, momentum indicators, and risk management** into a structured, rule-based system. By leveraging **Range Filters, RSI, ADX, and ATR**, traders can improve trade accuracy, manage risk effectively, and filter out unfavorable market conditions. This strategy is **ideal for traders looking for a systematic, disciplined approach** to capturing trends while **avoiding market noise and false breakouts**. 🚀
Pine Script® indicator
by Forexbros22
Estratégia Original com SL/TPA powerful TradingView indicator combining: ✅ Supertrend (trend filter) ✅ RSI 2 (early reversals) ✅ SMA 4/9 crossover (momentum confirmation) ✅ Auto Stop Loss & Take Profit (ATR-based or fixed) 🔥 Key Features: Buy Signals (↑): Supertrend green + RSI 2 > 30 + SMA 4 > SMA 9 Sell Signals (↓): Supertrend red + SMA 4 < SMA 9 (low false signals) Risk Management: Dynamic SL (1.5x ATR) & TP (2x ATR) Clean Visualization: Entry/exit arrows + SL/TP lines 📊 Ideal For: Crypto, Forex, and Stocks (H1/Daily timeframes) 🎯 Why Use It? Aggressive entries with RSI 2 + SMA 4 Conservative exits to lock profits Fully customizable settings
Pine Script® indicator
by rinaldotrade
Trend Break + Fibonacci + RSI Filter//@version=5 indicator("Trend Break + Fibonacci + RSI Filter", overlay=true) // === INPUTS === lookback = input.int(100, title="Lookback период для минимума/максимума") rsiLen = input.int(14, title="RSI Length") rsiShortLevel = input.int(55, title="RSI Min для Шорта (на ретесте)") rsiLongLevel = input.int(45, title="RSI Max для Лонга (на ретесте)") // === PRICE EXTREMES === var float hi = na var float lo = na hi := ta.highest(close, lookback) lo := ta.lowest(close, lookback) // === FIB LEVELS === fib0 = hi fib1 = lo fib0382 = fib1 + (fib0 - fib1) * 0.382 fib05 = fib1 + (fib0 - fib1) * 0.5 fib0618 = fib1 + (fib0 - fib1) * 0.618 // === RSI === rsi = ta.rsi(close, rsiLen) // === EMA TREND (вместо трендовой линии как пример) === fastEMA = ta.ema(close, 8) slowEMA = ta.ema(close, 21) // === CONDITIONS === // Пробой EMA-линии (как замена отбойной трендовой) breakDown = ta.crossunder(fastEMA, slowEMA) breakUp = ta.crossover(fastEMA, slowEMA) // Ретест фибо зоны (внутри 0.382–0.5) inFibZoneShort = close < fib0382 and close > fib05 inFibZoneLong = close > fib0382 and close < fib05 // RSI фильтр validRSI_short = rsi > rsiShortLevel validRSI_long = rsi < rsiLongLevel // === TRADING SIGNALS === shortSignal = breakDown and inFibZoneShort and validRSI_short longSignal = breakUp and inFibZoneLong and validRSI_long // === PLOTS === plotshape(shortSignal, location=location.abovebar, color=color.red, style=shape.labeldown, text="SHORT") plotshape(longSignal, location=location.belowbar, color=color.green, style=shape.labelup, text="LONG") plot(fib0, title="Fibo 0", color=color.gray) plot(fib0382, title="Fibo 0.382", color=color.orange) plot(fib05, title="Fibo 0.5", color=color.orange) plot(fib0618, title="Fibo 0.618", color=color.orange) plot(fib1, title="Fibo 1", color=color.gray) // === ALERTS === alertcondition(shortSignal, title="Short Signal", message="💥 SHORT сигнал!") alertcondition(longSignal, title="Long Signal", message="🚀 LONG сигнал!")
Pine Script® indicator
by sultankulovbotir52
TREND and ZL FLOWThis PineScript combines two technical indicators—T3 Slow Trend Histogram and Zero Lag Moving Average to analyze market trends and potential reversals. Giving credit to original authors of their original indicators: RedKTrader and Bjorgum I have combined these into one indicator showing when trend is best to be trading... When all lines are showing Green you are in a buying pressure market. When all are lines are showing Red then you are in a selling pressure market. T3 Slow Trend Histogram (Bjorgum): A smoothed moving average (T3) is calculated using a recursive EMA (Exponential Moving Average) process with a length of 8 and a smoothing factor (b = 0.7). Six layers of EMAs are computed (xe1 to xe6) and combined with weighted coefficients (c1 to c4) to generate the final T3 value (nT3Average). The histogram visually represents the T3’s momentum: green bars indicate upward momentum (T3 rising) and red bars signal downward momentum (T3 falling). This helps identify trend strength and direction. ZL Flow (Zero-Lag Moving Average RedKTrader ): A double-smoothed WMA (Weighted Moving Average) with a length of 9 and smoothing factor of 2 is applied to the price. The final ZLMA line is derived using a formula (2 * priceMA - ta.wma(priceMA, length)) to reduce lag. The ZLMA line changes color (bright green for upward, red for downward) based on its direction. Together, the T3 histogram tracks trend dynamics, while the ZL Flow provides early reversal signals, offering a dual approach to trend analysis and trade timing. The script is ideal for traders seeking confirmation of momentum shifts and zero-lag responsiveness.
Pine Script® indicator
by OptionSPY
5M Pro Toolkit Ultimate by dnnfafx🎯 Script Purpose This script is a multi-indicator trading toolkit designed for use on the 5-minute chart (5M timeframe). It combines trend filters, momentum indicators, volume spikes, support/resistance levels, and candlestick pattern detection to assist in technical analysis and provide potential confluence signals for entries. 📌 Main Components 1. User Inputs Allows users to customize key indicator settings: EMA lengths (Short and Long) RSI period MACD parameters (fast, slow, signal) Volume spike multiplier Pivot left/right bar count 2. Trend Filter: EMA 50 and EMA 200 pine Salin Edit emaShort = ta.ema(close, emaShortLen) emaLong = ta.ema(close, emaLongLen) Determines the trend direction. EMA 50 (orange) and EMA 200 (blue) are plotted on the main chart. 3. RSI (Relative Strength Index) pine Salin Edit rsi = ta.rsi(close, rsiLen) Measures price momentum. Horizontal lines at 70 (Overbought) and 30 (Oversold) for quick reference. 4. MACD Histogram pine Salin Edit = ta.macd(close, macdFast, macdSlow, macdSignal) macdHist = macdLine - signalLine Plots the MACD histogram as vertical bars. Useful for identifying trend strength and potential reversals. 5. Volume Spike Detection pine Salin Edit volSpike = volume > volMA * volMultiplier Detects significant volume surges compared to the 20-period volume average. Displays a red triangle below the candle when a spike occurs. 6. Support & Resistance (Pivot High/Low) pine Salin Edit pivotHigh = ta.pivothigh(high, pivotLeft, pivotRight) pivotLow = ta.pivotlow(low, pivotLeft, pivotRight) Automatically detects local highs (resistance) and lows (support) using pivot logic. Resistance lines in red, Support lines in green. 7. Candlestick Pattern Detection Identifies four popular patterns: Bullish Engulfing (green label "Engulf" below the bar) Bearish Engulfing (red label "Engulf" above the bar) Hammer (lime triangle) Shooting Star (fuchsia triangle) 8. Confluence Entry Logic (Incomplete) pine Salin Edit buyCond = rsi This section is currently incomplete. It's likely intended to define a buy condition based on the confluence of RSI, MACD, EMA trend, volume spike, and candlestick patterns. 🧩 Conclusion This toolkit is an all-in-one solution for intraday 5-minute trading, combining trend, momentum, volume, price action, and pattern recognition. While the entry logic (buyCond) is not yet finished, the structure is well laid out and can serve as the foundation for a manual or automated trading strategy.
Pine Script® indicator
by DNAVEST
Pearson Correlation [Mr_Rakun] Pearson Correlation This script calculates the Pearson correlation coefficient (r) between the closing price of the current asset and another selected asset. 🔍 How It Works: • The user selects a correlation period (default: 20) and a symbol (default: ETH/USDT). • The script retrieves the closing prices of both assets. • The Pearson correlation formula is applied: r = \frac{n(\sum xy) - (\sum x)(\sum y)}{\sqrt{ }} • The correlation is plotted as a histogram: • +1 (green line) → Perfect positive correlation • -1 (red line) → Perfect negative correlation • 0 (gray line) → No correlation 📊 Why Use This? This indicator helps traders identify relationships between assets, such as whether two markets move together or inversely. It is useful for hedging strategies, portfolio diversification, and market comparisons.
Pine Script® indicator
by Mr_Rakun
Multi-TF Volume & Price Analysis[BullByte]This indicator offers a comprehensive view of market dynamics by combining volume and price analysis across multiple timeframes. It calculates key metrics—such as bullish/bearish volume percentages, relative volume (RVol), cumulative volume delta (CVD), and price change percentages—for each timeframe that you choose (for example, 1, 3, 5, and 15 minutes). Here are the main features in simple terms: - Multi-Timeframe Analysis: The tool analyzes volume and price action from four different timeframes simultaneously. This means you get insights from short-term and slightly longer-term trends in one view. - Volume Breakdown: It splits the volume into bullish and bearish parts by comparing closing and opening prices. This helps you see how much of the trading volume is driving the market upward versus downward. - Relative Volume & Spike Detection: It calculates relative volume (current volume compared to a moving average) and flags any significant volume spikes based on a customizable multiplier. This feature helps identify unusual trading activity. - Volume Smoothing Option: For a cleaner signal, you can enable a smoothing option (using an exponential moving average) to reduce noise in the volume data. - Advanced Summary: The indicator combines volume data, price changes, and volume spikes to produce an overall market summary for each timeframe—labeling conditions as “Bullish Strong,” “Bullish Moderate,” “Bearish Strong,” “Bearish Moderate,” or “Neutral.” - Cumulative Overview: In addition to individual timeframe analysis, it aggregates the data to offer a cumulative view. This includes a collective bullish/bearish percentage, overall CVD, and even a simplified volume level (Low, Normal, or High). - Customizable Dashboard: All these metrics are neatly displayed in a dashboard on the chart. You can customize its position and text size. The dashboard uses dynamic, color-coded cells to instantly convey the market sentiment—making it easy to spot trends at a glance. - VWAP Integration: Finally, the dashboard includes VWAP information, providing an additional layer of context to the price action. Overall, this indicator is designed to provide a quick yet thorough snapshot of market conditions, enabling traders to make more informed decisions with a clear visual representation of volume and price activity across different timeframes.
Pine Script® indicator
by BullByte
6
Kase Permission StochasticOverview The Kase Permission Stochastic indicator is an advanced momentum oscillator developed from Kase's trading methodology. It offers enhanced signal smoothing and filtering compared to traditional stochastic oscillators, providing clearer entry and exit signals with fewer false triggers. How It Works This indicator calculates a specialized stochastic using a multi-stage smoothing process: Initial stochastic calculation based on high, low, and close prices Application of weighted moving averages (WMA) for short-term smoothing Progressive smoothing through differential factors Final smoothing to reduce noise and highlight significant trend changes The indicator oscillates between 0 and 100, with two main components: Main Line (Green): The smoothed stochastic value Signal Line (Yellow): A further smoothed version of the main line Signal Generation Trading signals are generated when the main line crosses the signal line: Buy Signal (Green Triangle): When the main line crosses above the signal line Sell Signal (Red Triangle): When the main line crosses below the signal line Key Features Multiple Smoothing Algorithms: Uses a combination of weighted and exponential moving averages for superior noise reduction Clear Visualization: Color-coded lines and background filling Reference Levels: Horizontal lines at 25, 50, and 75 for context Customizable Colors: All visual elements can be color-customized Customization Options PST Length: Base period for the stochastic calculation (default: 9) PST X: Multiplier for the lookback period (default: 5) PST Smooth: Smoothing factor for progressive calculations (default: 3) Smooth Period: Final smoothing period (default: 10) Trading Applications Trend Confirmation: Use crossovers to confirm entries in the direction of the prevailing trend Reversal Detection: Identify potential market reversals when crossovers occur at extreme levels Range-Bound Markets: Look for oscillations between overbought and oversold levels Filter for Other Indicators: Use as a confirmation tool alongside other technical indicators Best Practices Most effective in trending markets or during well-defined ranges Combine with price action analysis for better context Consider the overall market environment before taking signals Use longer settings for fewer but higher-quality signals The Kase Permission Stochastic delivers a sophisticated approach to momentum analysis, offering a refined perspective on market conditions while filtering out much of the noise that affects standard oscillators.
Pine Script® indicator
by AlgoCollective
Larry Williams POIV A/D [tradeviZion]Larry Williams' POIV A/D - Release Notes v1.0 ================================================= Release Date: 01 April 2025 OVERVIEW -------- The Larry Williams POIV A/D (Price, Open Interest, Volume Accumulation/Distribution) indicator implements Williams' original formula while adding advanced divergence detection capabilities. This powerful tool combines price movement, open interest, and volume data to identify potential trend reversals and continuations. FEATURES -------- - Implements Larry Williams' original POIV A/D formula - Divergence detection system: * Regular divergences for trend reversal signals * Hidden divergences for trend continuation signals - Fast Mode option for earlier pivot detection - Customizable sensitivity for divergence filtering - Dynamic color visualization based on indicator direction - Adjustable smoothing to reduce noise - Automatic fallback to OBV when Open Interest is unavailable FORMULA ------- POIV A/D = CumulativeSum(Open Interest * (Close - Close ) / (True High - True Low)) + OBV Where: - Open Interest: Current period's open interest - Close - Close : Price change from previous period - True High - True Low: True Range - OBV: On Balance Volume DIVERGENCE TYPES --------------- 1. Regular Divergences (Reversal Signals): - Bullish: Price makes lower lows while indicator makes higher lows - Bearish: Price makes higher highs while indicator makes lower highs 2. Hidden Divergences (Continuation Signals): - Bullish: Price makes higher lows while indicator makes lower lows - Bearish: Price makes lower highs while indicator makes higher highs REQUIREMENTS ----------- - Works best with futures and other instruments that provide Open Interest data - Automatically adapts to work with any instrument by using OBV when OI is unavailable USAGE GUIDE ----------- 1. Apply the indicator to any chart 2. Configure settings: - Adjust sensitivity for divergence detection - Enable/disable Fast Mode for earlier signals - Customize visual settings as needed 3. Look for divergence signals: - Regular divergences for potential trend reversals - Hidden divergences for trend continuation opportunities 4. Use the alerts system for automated divergence detection KNOWN LIMITATIONS ---------------- - Requires Open Interest data for full functionality - Fast Mode may generate more signals but with lower reliability ACKNOWLEDGEMENTS --------------- This indicator is based on Larry Williams' work on Open Interest analysis. The implementation includes additional features for divergence detection while maintaining the integrity of the original formula.
Pine Script® indicator
by TradeVizion
Volume-Powered S/R TraderThis advanced TradingView indicator combines volume analysis, dynamic support/resistance levels, and technical indicators to identify high-probability trading opportunities. It focuses on detecting institutional-level activity through volume spikes at key price levels. Key Components Volume Analysis Engine Tracks volume spikes (150%+ of 20-period average) Color-coded volume bars: Green: Bullish volume spike (high volume + bullish candle) Red: Bearish volume spike (high volume + bearish candle) Dynamic Support/Resistance System Auto-detects swing points using pivot high/low Maintains rolling arrays of: Support Levels (green semi-transparent lines) Resistance Levels (red semi-transparent lines) Displays only the 5 most recent levels for clarity Trend Analysis 50-period EMA trend filter RSI momentum indicator (14-period) Trend direction classification: Bullish: EMA rising Bearish: EMA falling
Pine Script® indicator
by haseebsh2871
VOLD Ratio Histogram [Th16rry]How to Use the VOLD Ratio Histogram Indicator The VOLD Ratio Histogram Indicator is a powerful tool for identifying buying and selling volume dominance over a selected period. It provides traders with visual cues about volume pressure in the market, helping them make more informed trading decisions. How to Read the Indicator: 1. Green Bars (Positive Histogram): - Indicates that buying volume is stronger than selling volume. - Higher green bars suggest increasing bullish pressure. - Useful for confirming uptrends or identifying potential accumulation phases. 2. Red Bars (Negative Histogram): - Indicates that selling volume is stronger than buying volume. - Lower red bars suggest increasing bearish pressure. - Useful for confirming downtrends or identifying potential distribution phases. 3. Zero Line (Gray Line): - Acts as a neutral reference point where buying and selling volumes are balanced. - Crossing above zero suggests buying dominance; crossing below zero suggests selling dominance. How to Use It: 1. Confirming Trends: - A strong positive histogram during an uptrend supports bullish momentum. - A strong negative histogram during a downtrend supports bearish momentum. 2. Detecting Reversals: - Monitor for changes from positive (green) to negative (red) or vice versa as potential reversal signals. - Divergences between price action and histogram direction can indicate weakening trends. 3. Identifying Volume Surges: - Sharp spikes in the histogram may indicate strong buying or selling interest. - Use these spikes to investigate potential breakout or breakdown scenarios. 4. Filtering Noise: - Adjust the period length to control sensitivity: - Shorter periods (e.g., 10) are more responsive but may produce more noise. - Longer periods (e.g., 50) provide smoother signals, better for identifying broader trends. Recommended Markets: - Cryptocurrencies: Works effectively with real volume data from exchanges. - Forex: Useful with tick volume, though interpretation may vary. - Stocks & Commodities: Particularly effective for analyzing high-volume assets. Best Practices: - Combine the VOLD Ratio Histogram with other indicators like moving averages or RSI for confirmation. - Use different period lengths depending on your trading style (scalping, swing trading, long-term investing). - Observe volume spikes and divergences to anticipate potential market moves. The VOLD Ratio Histogram Indicator is ideal for traders looking to enhance their volume analysis and gain a deeper understanding of market dynamics.
Pine Script® indicator
by Th16rry
[TABLE] Moving Average Stage Indicator Table📈 MA Stage Indicator Table 🧠 Overview: This script analyzes market phases based on moving average (MA) crossovers, classifying them into 6 distinct stages and displaying statistical summaries for each. 🔍 Key Features: • Classifies market condition into Stage 1 to Stage 6 based on the relationship between MA1 (short), MA2 (mid), and MA3 (long) • Provides detailed stats for each stage: • Average Duration • Average Width (MA distance) • Slope (Angle) - High / Low / Average • Shows current stage details in real-time • Supports custom date range filtering • Choose MA type: SMA or EMA • Optional background coloring for stages • Clean summary table displayed on the chart
Pine Script® indicator
by dbals0