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Candlestick analysis

Double Inside Bar Alert (1-1 Only)Double Inside Bar Alert Indicator Stay ahead of breakout opportunities with our Double Inside Bar Alert Indicator. This tool automatically scans your watchlist and notifies you in real-time whenever a double inside bar pattern appears—an advanced price action setup known for signaling strong potential breakouts or reversals. Whether you’re a day trader or swing trader, this indicator helps you: Spot consolidation zones early before major price moves Receive instant alerts across your entire watchlist Filter noise and focus on high-probability chart setups Perfect for traders who rely on price action and want to catch momentum shifts as they form.
Pine Script® indicator
by mrf2rev
2
PriceLevels GBHOW-TO: Goldbach Price Levels – Identify Algorithmic Key Zones This open-source indicator highlights specific price levels ending with numbers like 03, 11, 29, 35, 65, and 71. These values are often observed at key reversal or hesitation points and may align with algorithmic behavior patterns in the market. What it does: – Automatically scans and marks horizontal price levels containing these number endings – You can toggle visibility for each number type – Each level can have a custom color and line thickness – Labels show price values at the end of each line – Label color and transparency are fully customizable to match dark or light chart styles This tool is designed to help traders visually spot recurring patterns that might otherwise go unnoticed. It’s ideal for discretionary traders who want to study market structure through static price references. This script is open-source and published for educational use. For feedback or improvements, feel free to reach out via private message on TradingView.
Pine Script® indicator
by theunlockedtrading
9
OBHOW-TO: Advanced Order Block & Liquidity Mapping Tool This script combines order block detection using 3- and 5-bar fractal structures with dynamic and static liquidity zones, plus optional time-based label calculations. Key features: – Fractal-based detection of bullish and bearish order blocks – Automatic removal of broken OBs to keep charts clean – Optional FVG validation for higher-quality OBs – Custom time label logic for bar/session analysis – Configurable visuals: line styles, widths, label placement, and time offsets The logic for liquidity detection is adapted from the open-source LiquidityFinderLibrary by TFlab. This version adds custom cleanup behavior and visual enhancements to improve usability. This script is published as open-source and intended for educational and analytical use only. No performance guarantees are implied. If you have questions or suggestions, feel free to message me privately on TradingView.
Pine Script® indicator
by theunlockedtrading
5
HTF 3rd Weekly High/LowThis indicator plots horizontal lines for the high and low of a selected past weekly candle, allowing traders to visualize higher time frame (HTF) structure on lower time frame charts (e.g., 1H, 4H, etc.). Features: Custom Weekly Range Selection: Use the dropdown to choose which weekly candle to reference — from the current week (0) to up to five weeks back. Clean Horizontal Lines: High and low levels of the selected week are drawn as persistent horizontal lines. Automatic Text Labels: Labels like Week-3H and Week-3L are shown on the right side of the chart, matching the week selected. Customization: Line colors Line width and style (solid, dotted, dashed) Text label offset Automatic Refresh: Levels and labels are redrawn at the start of each new week to stay current with your selection.
Pine Script® indicator
by ryannb123
Trend Persistence Counter (TPC) by riskcipher🧭 Trend Persistence Counter (TPC) – A Simple Price Action Trend Duration Tool Trend Persistence Counter (TPC) is a lightweight indicator that counts how long a trend persists after a breakout. It is entirely based on price action, without using any moving averages or smoothing. The goal is to give a simple, rule-based view of trend continuity. 🧠 How It Works (Logic Overview) This indicator switches between two modes: bullish and bearish. If close > previous high, the counter enters bullish mode, and starts at +1 While in bullish mode: If close >= previous low → continue the uptrend → +1 each bar If close < previous low → trend ends → reset to 0, switch to bearish mode If close < previous low, the counter enters bearish mode, and starts at -1 While in bearish mode: If close <= previous high → continue the downtrend → -1 each bar If close > previous high → trend ends → reset to 0, switch to bullish mode This provides a bar-by-bar count of trend persistence based on whether price holds structure. 🎯 Use Cases Track how long a trend continues after a breakout Quickly detect when trend structure breaks Help visually filter “strong” vs “weak” moves Build logic-based alerts (e.g., trend continues for N bars) 🔍 Why Use This Instead of Traditional Indicators? This is not meant to replace moving averages or trend filters. But it offers some advantages for those who prefer structure-based logic: Feature TPC Based on Price Action ✅ Yes Uses Lagging Filters ❌ No moving average or smoothing Trend Duration Measurement ✅ Counts valid consecutive moves Complexity ⚪ Very simple and transparent It’s a simple concept and easy to understand, but still useful when combined with other tools or visualized on its own. ⚙️ Technical Notes Works on any timeframe or instrument The value is positive during bullish persistence, negative during bearish Value resets to 0 when trend structure breaks All logic is calculated bar-by-bar, in real time ✅ Example Usage Ideas Highlight candles when TPC value crosses a certain threshold (e.g., strong breakout continuation) Use the zero-cross as a potential reversal warning Filter trend signals in your existing strategies
Pine Script® indicator
by RiskCipher
Line Strategy v6Line Indicator for TradingView This Pine Script indicator identifies the largest candles on both 5-minute and 1-hour timeframes within the last 240 five-minute bars. It provides visual markers and detailed information to help traders spot significant price movements. Key Features Dual Timeframe Analysis: Identifies largest candle on 5-minute timeframe Identifies largest candle on 1-hour timeframe (aggregated from 12 five-minute candles) Visual Markers: Blue label marks the highest-range 5-minute candle Purple background highlights the highest-range hourly candle period Information Table: Shows price ranges for both timeframes Displays precise timestamps for identified candles Color-coded for quick reference Progress Indicator: Shows how many bars have been collected (out of 240 required) How It Works Data Collection: Stores high, low, timestamp, and bar index of the last 240 five-minute candles Automatically updates with each new bar 5-Minute Analysis: Scans all 5-minute candles to find the one with the largest price range (high - low) Marks this candle with a blue label showing its range Hourly Analysis: Groups 12 five-minute candles to form each hourly candle Finds the hourly candle with the largest price range Highlights the entire hour period with a purple background Information Display: Creates a table in the top-right corner showing: Range values for both timeframes Timestamps of identified candles Time period of the largest hourly candle Usage Instructions Apply the indicator to any 5-minute chart Wait for the indicator to collect 240 bars (about 20 trading hours) Results will appear automatically: Blue label on the largest 5-minute candle Purple background on the largest hourly candle period Information table with detailed metrics Customization Options You can easily adjust these aspects by modifying the code: Colors of markers and table cells Transparency levels of background highlights Precision of range values displayed Position of the information table The indicator is optimized for performance and works in both historical and real-time modes.
Pine Script® indicator
by InvesT_Go2P
HA Reversal StrategyCertainly! Here's a detailed **description (elaboration)** for the **"HA Candle Test"** (i.e., the Heikin Ashi strategy script I just gave you): --- ### 📌 **Script Name**: HA Candle Test ### 📖 **Description**: This script visualizes **Heikin Ashi candles** and identifies **trend reversal signals** using classic momentum candle behavior — particularly the appearance of **no-wick candles**, which are known to reflect strong directional pressure in Heikin Ashi charts. It aims to **capture high-probability trend reversals** with minimal noise, relying on the natural smoothing behavior of Heikin Ashi candles. --- ### ✅ **Buy Signal Conditions**: * At least **two consecutive red Heikin Ashi candles** (indicating a short-term downtrend). * Followed by a **green Heikin Ashi candle** that has **no lower wick** (i.e., open == low). * This suggests that **buyers have taken full control**, with no push from sellers — a potential start of an uptrend. 📍 **Interpreted as**: “Market was selling off, but now buyers stepped in strongly — time to consider buying.” --- ### ✅ **Sell Signal Conditions**: * At least **two consecutive green Heikin Ashi candles** (short-term uptrend). * Followed by a **red Heikin Ashi candle** that has **no upper wick** (i.e., open == high). * This implies **sellers are dominating**, with no attempt from buyers to push higher — possible start of a downtrend. 📍 **Interpreted as**: “Market was rallying, but sellers just took over decisively — time to consider selling.” --- ### 📊 **Visual Aids Included**: * Plots **Heikin Ashi candles** on your main chart for clarity. * Uses **Buy** and **Sell** label markers (green & red) at signal points. * Compatible with any timeframe — higher timeframes typically yield stronger signals. --- ### 💡 **Suggested Use**: * Combine with **support/resistance**, **volume**, or **trend filters** for more robust setups. * Works well on **1H, 4H, and Daily charts** in trending markets. * Can be used manually or turned into an automated strategy for backtesting or alerts. --- Would you like this script packaged as a **strategy()** for backtesting, or would you like me to add **alerts** so you can get notified in real-time when signals appear?
Pine Script® indicator
by HermioneGranger96
LRCLRC (Linear Regression Candle) Overview The LRC (Linear Regression Candle) indicator applies linear regression to the open, high, low, and close prices, creating smoothed "candles" that help filter market noise. It provides trend-confirmation signals and highlights potential reversal points based on regression crossovers. Key Features Smoothed Candles: Uses linear regression to calculate synthetic OHLC values, reducing noise. Multi-Timeframe Support: Optional higher timeframe analysis for better trend confirmation. Visual Signals: Color-coded candles and labels highlight bullish/bearish control zones. Customizable Settings: Adjustable regression length, colors, and timeframe options. How to Use Signals & Interpretation 🟢 Bullish Signal (BUY): When the regression open crosses above the regression close (green candle). 🔴 Bearish Signal (SELL): When the regression open crosses below the regression close (red candle). Control Zones: Strong Bullish (Controlbull): Confirmed uptrend (bright green). Bullish (Bull): Regular uptrend (light green). Strong Bearish (Controlbear): Confirmed downtrend (dark red). Bearish (Bear): Regular downtrend (orange). Neutral (Gray): No clear trend. Recommended Settings Linear Regression Length: Default 8 (adjust for sensitivity). Timeframe: Default current chart, but can switch to higher timeframes (e.g., 1D, 1W). Bar Colors: Toggle on/off for visual clarity. Labels: Displays "Control" markers at key reversal points. Example Use Cases Trend Confirmation: Use higher timeframe LRC to validate the primary trend. Reversal Signals: Watch for BUY/SELL crossovers with strong color confirmation. Noise Reduction: Helps avoid false breakouts in choppy markets.
Pine Script® indicator
by Spunsen
4
Pullback Candle (Bullish & Bearish, No EMA)🔍 Purpose This indicator detects simple pullback reversal patterns based on price action and swing highs/lows — without any moving average or trend filters. It highlights: Bullish pullbacks (potential bounce/long setups) Bearish pullbacks (potential rejection/short setups) 📈 Bullish Pullback Criteria Three-bar pattern: Bar 3: Highest close Bar 2: Lower close Bar 1: Even lower close Current bar closes above previous bar (bullish reversal) One of the last two candles is the lowest low of the past 6 bars (swing low) 📍 Result: A small green cross is plotted below the bar, and the bar is colored green. 📉 Bearish Pullback Criteria Three-bar pattern: Bar 3: Lowest close Bar 2: Higher close Bar 1: Even higher close Current bar closes below previous bar (bearish reversal) One of the last two candles is the highest high of the past 10 bars (swing high) 📍 Result: A small red cross is plotted above the bar, and the bar is colored red. 🔔 Alerts One alert condition each for bullish and bearish pullback detection. Can be used to trigger TradingView alerts. 🛠️ Customization No inputs — fully automated logic Clean, minimal, and fast Can be extended with labels, alert sounds, or signals
Pine Script® indicator
by najirshad7
EMA 200 Monitor - Bybit CoinsEMA 200 Monitor - Bybit Coins 📊 OVERVIEW The EMA 200 Monitor - Bybit Coins is an advanced indicator that automatically monitors 30 of the top cryptocurrencies traded on Bybit, alerting you when they are close to the 200-period Exponential Moving Average on the 4-hour timeframe. This indicator was developed especially for traders who use the EMA 200 as a key support/resistance level in their swing trading and position trading strategies. 🎯 WHAT IT'S FOR Multi-Asset Monitoring: Simultaneous monitoring of 30 cryptocurrencies without having to switch between charts Opportunity Identification: Detects when coins are approaching the 200 EMA, a crucial technical level Automated Alerts: Real-time notifications when a coin reaches the configured proximity Time Efficiency: Eliminates the need to manually check chart collections ⚙️ HOW IT WORKS Main Functionality The indicator uses the request.security() function to fetch price data and calculate the 200 EMA of each monitored asset. With each new bar, the script: Calculates the distance between the current price and the 200 EMA for each coin Identifies proximity based on the configured percentage (default: 2%) Displays results in a table organized on the chart Generates automatic alerts when proximity is detected Monitored Coins Major : BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, AVAX DeFi : UNI, LINK, ATOM, ICP, NEAR, OP, ARB, INJ Memecoins : SHIB, PEPE, WIF, BONK, FLOKI Emerging : SUI, TON, APT, POL (ex-MATIC) 📋 AVAILABLE SETTINGS Adjustable Parameters EMA Length (Default: 200): Exponential Moving Average Period Proximity Percentage (Default: 2%): Distance in percentage to consider "close" Show Table (Default: Active): Show/hide results table Table Position: Position of the table on the chart (9 options available) Color System 🔴 Red: Distance ≤ 1% (very close) 🟠 Orange: Distance ≤ 1.5% (close) 🟡 Yellow: Distance ≤ 2% (approaching) 🚀 HOW TO USE Initial Configuration Add the indicator to the 4-hour timeframe chart Set the parameters according to your strategy Position the table where there is no graphic preference Setting Alerts Click "Create Alert" in TradingView Select the "EMA 200 Monitor" indicator Set the notification frequency and method Activate the alert to receive automatic notifications Results Interpretation The table shows: Coin: Asset name (e.g. BTC, ETH) Price: Current currency quote EMA 200: Current value of the moving average Distance: Percentage of proximity to the core code 💡 STRATEGIES TO USE Reversal Trading Entry: When price touches or approaches the EMA 200 Stop: Below/above the EMA with a safety margin Target: Previous resistance/support levels Breakout Trading Monitoring: Watch for currencies consolidating near the EMA 200 Entry: When the media is finally broken Confirmation: Volume and close above/below the EMA Swing Trading Identification: Use the monitor to detect setups in formation Timing: Wait for the EMA 200 to approach for detailed analysis Management: Use the EMA as a reference for stops dynamics ⚠️ IMPORTANT CONSIDERATIONS Technical Limitations Request Bybit data: Access to exchange symbols required Specific timeframe: Optimized for 4-hour analysis Minimum delay: Data updated with each new bar Usage Recommendations Combine with technical analysis: Use together with other indicators Confirm the configuration: Check the graphic patterns before trading Manage risk: Always use stop loss and adequate position sizing Backtesting: Test your strategy before applying with real capital Disclaimer This indicator is a technical analysis tool and does not constitute investment advice. Always do your own analysis and manage detailed information about the risks of your operations. 🔧 TECHNICAL INFORMATION Pine Script version: v6 Type: Indicator (overlay=true) Compatibility: All TradingView plans Resources used: request.security(), arrays, tables Performance: Optimized for multiple simultaneous queries 📈 COMPETITIVE ADVANTAGES ✅ Simultaneous monitoring of 30 major assets ✅ Clear visual interface with intuitive core system ✅ Customizable alerts for different details ✅ Optimized code for maximum performance ✅ Flexible configuration adaptable to different strategies ✅ Real-time update without the need for manual refresh Developed for traders who value efficiency and accuracy in identifying market opportunities based on the EMA 20
Pine Script® indicator
by MestreDoFOMO
Advanced MACD Pro (WhiteStone_Ibrahim) - T3 Themed✨ Advanced MACD Pro (WhiteStone_Ibrahim) - T3 Themed ✨ Take your MACD analysis to the next level with the Advanced MACD Pro - T3 Themed indicator by WhiteStone_Ibrahim! This isn't just another MACD; it's a comprehensive toolkit packed with advanced features, unique T3 integration, and extensive customization options to provide deeper market insights. Whether you're a seasoned trader or just starting, this indicator offers a versatile and powerful way to analyze momentum, identify trends, and spot potential reversals. Key Features: Core MACD Functionality: Classic MACD Line: Calculated from customizable Fast and Slow EMAs using your chosen source (Close, Open, HLC3, etc.). Standard Signal Line: EMA of the MACD line, with adjustable length. Dynamic MACD Line Coloring: Automatically changes color based on whether it's above or below the zero line (positive/negative). Zero Line: Clearly plotted for reference. Enhanced MACD Histogram: Sophisticated Color Coding: The histogram isn't just positive or negative. It intelligently colors based on momentum strength and direction: Strong Bullish: MACD above signal, histogram increasing. Weakening Bullish: MACD above signal, histogram decreasing. Strong Bearish: MACD below signal, histogram decreasing. Weakening Bearish: MACD below signal, histogram increasing. Neutral: Default color for other conditions. Optional Histogram Smoothing: Smooth out the histogram noise using one of five different moving average types: SMA, EMA, WMA, RMA, or the advanced T3 (Tilson T3). Customize smoothing length and T3 vFactor. 🌟 Unique T3 Integration (T3 Themed): Extra T3 Signal Line (on MACD): An additional, fast-reacting T3 moving average calculated directly from the MACD line. This provides an alternative and often quicker signal. Customizable T3 length and vFactor. Dynamic Coloring: The T3 Signal Line changes color (bullish/bearish) based on its crossover with the MACD line, offering clear visual cues. T3 is also available as a smoothing option for the main histogram (see above). 🔍 Disagreement & Divergence Detection: Bar/Price Disagreement Markers: Highlights instances where the price bar's direction (e.g., a bullish candle) contradicts the current MACD momentum (e.g., MACD below its signal line). Visual markers (circles) appear above/below bars to draw attention to these potential early warnings or confirmations. Histogram Color Change on Disagreement: Optionally, the histogram can adopt distinct alternative colors during these bar/price disagreements for even clearer visual alerts. Classic Bullish & Bearish Divergence Detection: Automatically identifies regular divergences between price action (Higher Highs/Lower Lows) and the MACD line (Lower Highs/Higher Lows). Customizable pivot lookback periods (left and right bars) for divergence sensitivity. Plots clear "Bull" and "Bear" labels on the price chart where divergences occur. 🎨 Extensive Customization & Visuals: Multiple Color Themes: Choose from pre-set themes like 'Dark Mode', 'Light Mode', 'Neon Night', or use 'Default (Current Settings)' to fine-tune every color yourself. Granular Control (Default Theme): Individually customize colors and thickness for: MACD Line (positive/negative) Standard Signal Line Extra T3 Signal Line (bullish/bearish) Histogram (all four momentum states + neutral) Disagreement Markers & Histogram Alt Colors Divergence Lines/Labels Zero Line Toggle Visibility: Easily show or hide the Standard Signal Line and the Extra T3 Signal Line as needed. 🔔 Comprehensive Alert System: Stay informed of key market events with a wide array of configurable alerts: MACD Line / Standard Signal Line Crossover Histogram / Zero Line Crossover MACD Line / Zero Line Crossover Bullish Divergence Detected Bearish Divergence Detected Bar/Price Disagreement (Bullish & Bearish) MACD Line / Extra T3 Signal Line Crossover Each alert can be individually enabled or disabled. The Advanced MACD Pro - T3 Themed indicator is designed to be your go-to tool for momentum analysis. Its rich feature set empowers you to tailor it to your specific trading style and gain a more nuanced understanding of market dynamics. Add it to your charts today and experience the difference! (Developed by WhiteStone_Ibrahim)
Pine Script® indicator
by WhiteStone_Ibrahim
Higher Timeframe Market StructureHTF Market Structure – ZigZag, Break of Structure & Supply/Demand This powerful indicator is designed to identify higher-timeframe market structure using a combination of ZigZag patterns, Break of Structure (BOS) signals, and Supply/Demand zones. Key Features: Automatic detection of Higher Highs (HH), Higher Lows (HL), Lower Lows (LL), and Lower Highs (LH) Internal structure shifts based on Open or High/Low logic Supply and Demand zones plotted on the chart Break of Structure (BOS) lines with optional alerts Mitigation logic to mark or delete invalidated order blocks Customizable aggregation factor to view higher time frame structure on lower time frames How to Use: Focus on market structure and BOS to understand the current trend. Watch for internal shifts as early signals of potential reversals. Use ZigZag lines to connect swing highs and lows to visualize market rhythm. Supply zones (red) and Demand zones (green) are automatically drawn after structure breaks: Use Demand Zones in Bullish Markets for the highest probability entries. Use Supply Zones in Bearish Markets to align with the prevailing trend. Best Practices: Only use Demand Zones in Bullish markets and Supply Zones in Bearish markets for optimal results. Look for price action or reversal signals within these zones to refine your entries. Enable alerts to get notified on: New order blocks Internal shifts BOS events HH, HL, LL, LH formations Liquidity sweeps Customization Options: Aggregation Factor: Control how many candles are grouped for structure analysis. Zone Duration: Define how length of plotted zones. Mitigation Settings: Automatically delete or fade zones after mitigation. Colors: Choose custom colors for bullish and bearish zones and structure markers. This tool is ideal for traders who rely on price action, structure, and smart money concepts. Combine it with your own S&D strategy or integrate it with other confluence tools for even better precision.
Pine Script® indicator
by The_Forex_Steward
4
Liquidity mark-out indicator(by Lumiere)This indicator marks out every High that has a bullish candle followed by a bearish one, vice versa for lows. Once the price reaches the marked-out liquidity, the line is removed automatically. This indicator only shows the current liquidity of the time frame you are at. (To get it look like the picture just chance the length to 30-50) Key Features of the Liquidity Mark-Out Indicator: 🔹 Identifies Liquidity Zones – Marks highs and lows based on candlestick patterns. 🔹 Customizable Settings – Toggle highs/lows visibility 🎚️, adjust line colors 🎨, and set line length (bars) 📏. 🔹 Smart Clean-Up – Automatically removes swept levels (when price breaks through) for a clean chart 🧹. 🔹 Pattern-Based Detection – Highs: Detects two-candle reversal patterns (🟢 bullish close → 🔴 bearish close). Lows: Detects two-candle reversal patterns (🔴 bearish close → 🟢 bullish close). 🔹 Dynamic Lines – Projects liquidity levels forward (adjustable length) to track key zones 📈. Perfect For Traders Looking To: ✅ Spot potential liquidity grabs 🎯 ✅ Identify key support/resistance levels 🛑 ✅ Clean up their chart from outdated levels 🖥️
Pine Script® indicator
by Lumiere-Stocks
2
Options Risk Manager v2.2.0 - Priority 7 CompleteScript Description for TradingView Publication Options Risk Manager v2.2.0 - Priority 7 Complete What does this script do? Options Risk Manager v2.2.0 is a comprehensive position management system designed specifically for options traders. The indicator calculates precise stop loss levels, risk/reward targets, and position sizing based on user-defined risk parameters. It provides real-time profit/loss tracking, options Greeks monitoring, and automated alert systems for critical price levels. The script displays entry points, stop losses, and profit targets directly on the chart while continuously calculating position metrics including dollar risk, account exposure, and probability of success. Version 2.2.0 introduces Priority 7 advanced alerts with dynamic risk warnings and multi-condition notifications. How does it do it? The script performs several key calculations: 1. Risk-Based Stop Loss Calculation - Determines stop loss levels based on percentage of entry price, automatically adjusting for calls versus puts. Put positions place stops above entry, while calls place stops below. 2. Position Sizing Algorithm - Calculates optimal contract quantities using account size, risk percentage, and stop distance to ensure consistent risk per trade regardless of underlying price. 3. Options-Specific P&L Tracking - Incorporates Delta, Gamma, Vega, and Theta to provide accurate profit/loss calculations for options positions, including time decay effects. 4. Three-Phase Trade Management - Implements systematic position management through Entry Phase (initial risk), Profit Phase (approaching target), and Trailing Phase (EMA-based exit management). 5. Multi-Level Alert System - Monitors price action, Greeks thresholds, time decay acceleration, and account risk levels to generate context-aware notifications. How to use it? Initial Setup: 1. Apply indicator to any optionable security 2. Toggle "In Position" ON when entering a trade 3. Set Direction (Call/Put) and Side (Long/Short) 4. Enter the underlying price at position entry 5. Specify number of contracts and risk percentage Position Management: Blue line shows entry price Red line indicates stop loss level Orange line displays risk/reward target Purple EMA line activates after target hit Monitor real-time P&L in trade panels Alert Configuration: Enable Advanced Alerts in settings Set profit/loss notification thresholds Configure Greek-based warnings Activate time decay alerts for expiration Risk Parameters: Risk % determines stop distance from entry Account Value sets position sizing limits Contract Multiplier (standard = 100) R:R Ratio defines profit targets What makes it unique? Options Risk Manager addresses the specific challenges of options trading that generic indicators miss. The script accounts for the inverse relationship in put options (profiting from price declines), incorporates Greeks for accurate P&L calculations, and provides options-specific limit orders for TradeStation integration. The three-phase management system removes emotional decision-making by defining clear rules for position management. Phase transitions occur automatically based on price action, shifting from initial risk management to profit protection to trend-following modes. Version 2.2.0's Priority 7 alert system provides intelligent notifications that include live metrics, risk warnings, and market context rather than simple price crosses. Key Features Summary Options-Specific Calculations - Proper handling of calls/puts with inverse relationships Risk-Based Position Sizing - Consistent risk regardless of underlying price Greeks Integration - Delta, Gamma, Vega, Theta for accurate tracking Phase Management System - Systematic three-stage position handling Advanced Alert System - Context-aware notifications with metrics TradeStation Integration - Option limit orders for execution Visual Risk Display - Clear chart overlays for all levels Probability Calculator - Win/loss probability with expected value Multi-Account Support - Scales from small to large accounts Important Notes This indicator requires manual input of option prices and Greeks (available from your broker's option chain). It functions as a risk management overlay and does not generate entry signals. The calculations assume standard options contracts of 100 shares. Designed for TradeStation platform with full functionality. Basic features available on other platforms without options data integration. Always verify calculations with your broker's risk system before placing trades.
Pine Script® indicator
by patrickamp
Cumulative Intraday Volume with Long/Short LabelsThis indicator calculates a running total of volume for each trading day, then shows on the price chart when that total crosses levels you choose. Every day at 6:00 PM Eastern Time, the total goes back to zero so it always reflects only the current day’s activity. From that moment on, each time a new candle appears the indicator looks at whether the candle closed higher than it opened or lower. If it closed higher, the candle’s volume is added to the running total; if it closed lower, the same volume amount is subtracted. As a result, the total becomes positive when buyers have dominated so far today and negative when sellers have dominated. Because futures markets close at 6 PM ET, the running total resets exactly then, mirroring the way most intraday traders think in terms of a single session. Throughout the day, you will see this running total move up or down according to whether more volume is happening on green or red candles. Once the total goes above a number you specify (for example, one hundred thousand contracts), the indicator will place a small “Long” label at that candle on the main price chart to let you know buying pressure has reached that level. Similarly, once the total goes below a negative number you choose (for example, minus one hundred thousand), a “Short” label will appear at that candle to signal that selling pressure has reached your chosen threshold. You can set these threshold numbers to whatever makes sense for your trading style or the market you follow. Because raw volume alone never turns negative, this design uses candle direction as a sign. Green candles (where the close is higher than the open) add volume, and red candles (where the close is lower than the open) subtract volume. Summing those signed volume values tells you in a single number whether buying or selling has been stronger so far today. That number resets every evening, so it does not carry over any buying or selling from previous sessions. Once you have this indicator on your chart, you simply watch the “summed volume” line as it moves throughout the day. If it climbs past your long threshold, you know buyers are firmly in control and a long entry might make sense. If it falls past your short threshold, you know sellers are firmly in control and a short entry might make sense. In quieter markets or times of low volume, you might use a smaller threshold so that even modest buying or selling pressure will trigger a label. During very active periods, a larger threshold will prevent too many signals when volume spikes frequently. This approach is straightforward but can be surprisingly powerful. It does not rely on complex formulas or hidden statistical measures. Instead, it simply adds and subtracts daily volume based on candle color, then alerts you when that total reaches levels you care about. Over several years of historical testing, this formula has shown an ability to highlight moments when intraday sentiment shifts decisively from buyers to sellers or vice versa. Because the indicator resets every day at 6 PM, it always reflects only today’s sentiment and remains easy to interpret without carrying over past data. You can use it on any intraday timeframe, but it works especially well on five-minute or fifteen-minute charts for futures contracts. If you want a clear gauge of whether buyers or sellers are dominating in real time, and you prefer a rule-based method rather than a complex model, this indicator gives you exactly that. It shows net buying or selling pressure at a glance, resets each session like most intraday traders do, and marks the moments when that pressure crosses the levels you decide are important. By combining a daily reset with signed volume, you get a single number that tells you precisely what the crowd is doing at any given moment, without any of the guesswork or hidden calculations that more complicated indicators often carry.
Pine Script® indicator
by QuantByBoji
Pucci Trend EMA-SMA Crossover with TolerancePucci Trend EMA-SMA Crossover with Tolerance This indicator helps identify market trends and generates trading signals based on the crossover between an Exponential Moving Average (EMA) and a Simple Moving Average (SMA) with an adjustable tolerance threshold. The signals work as follows: Buy Signal (B) -> Triggers when the EMA crosses above the SMA, exceeding a user-defined tolerance (in basis points). Optionally, a price filter can require the high or low to be below the EMA for confirmation. Sell Signal (S) -> Triggers when the SMA crosses above the EMA, exceeding the tolerance. The optional price filter may require the high or low to be above the EMA. The tolerance helps reduce false signals by requiring a minimum distance between the moving averages before confirming a crossover. The price filter adds an extra confirmation layer by checking if price action respects the EMA level. Important Notes: 1º No profitability guarantee: This tool is for analysis only and may generate losses. 2º "As Is" disclaimer: Provided without warranties or responsibility for trading outcomes. 3º Use Stop Loss: Users must determine their own risk management. 4º Parameter adjustment needed: Optimal MA periods and tolerance vary by timeframe. 5º Filter impact varies: Enabling/disabling the price filter may improve or worsen performance.
Pine Script® indicator
by fpucci
2