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Centered Oscillators

TTM Squeeze Value OscillatorThis indicator is specifically designed for use with TradingView's Stock Screener, not for chart analysis. It provides numerical values and binary signals that allow traders to efficiently scan stocks for specific TTM Squeeze conditions, momentum patterns, and EMA alignments. What It Does The TTM Squeeze Value Oscillator converts the popular TTM Squeeze indicator into a screenable format by outputting specific numerical values and binary signals (1 or 0) that can be filtered in TradingView's screener tool. Key Features 1. TTM Squeeze Compression Levels Value 0: Low Compression (Black) - Bollinger Bands inside outer Keltner Channels Value 1: Mid Compression (Red) - Bollinger Bands inside middle Keltner Channels Value 2: High Compression (Orange) - Bollinger Bands inside inner Keltner Channels Value 3: Squeeze Fired (Green) - Bollinger Bands outside Keltner Channels 2. Momentum Analysis Four distinct momentum conditions based on TTM Squeeze methodology: Buy Momentum Increasing - Positive momentum growing stronger Buy Momentum Decreasing - Positive momentum weakening Sell Momentum Increasing - Negative momentum growing stronger Sell Momentum Decreasing - Negative momentum weakening 3. EMA Stacking Analysis Three EMA alignment patterns using 8, 21, and 48 period EMAs: EMA Stacked Bullish - 8 EMA > 21 EMA > 48 EMA (uptrend alignment) EMA Stacked Bearish - 8 EMA < 21 EMA < 48 EMA (downtrend alignment) EMA Mixed - EMAs not in clear bullish or bearish alignment 4. Consecutive Day Counters Tracks how many consecutive days each squeeze condition has persisted: Low Compression Days Mid Compression Days High Compression Days Squeeze Fired Days 5. Combined Signal Analysis Pre-calculated combinations of squeeze conditions with momentum: All squeeze levels combined with all four momentum conditions 16 total combined signals for advanced screening
Pine Script® indicator
by codename_trading
Contrarian RSIContrarian RSI Indicator Pairs nicely with Contrarian 100 MA (optional hide/unhide buy/sell signals) Description The Contrarian RSI is a momentum-based technical indicator designed to identify potential reversal points in price action by combining a unique RSI calculation with a predictive range model inspired by the "Contrarian 5 Levels" logic. Unlike traditional RSI, which measures price momentum based solely on price changes, this indicator integrates a smoothed, weighted momentum calculation and predictive price ranges to generate contrarian signals. It is particularly suited for traders looking to capture reversals in trending or range-bound markets. This indicator is versatile and can be used across various timeframes, though it performs best on higher timeframes (e.g., 1H, 4H, or Daily) due to reduced noise and more reliable signals. Lower timeframes may require additional testing and careful parameter tuning to optimize performance. How It Works The Contrarian RSI combines two primary components: Predictive Ranges (5 Levels Logic): This calculates a smoothed price average that adapts to market volatility using an ATR-based mechanism. It helps identify significant price levels that act as potential support or resistance zones. Contrarian RSI Calculation: A modified RSI calculation that uses weighted momentum from the predictive ranges to measure buying and selling pressure. The result is smoothed and paired with a user-defined moving average to generate clear signals. The indicator generates buy (long) and sell (exit) signals based on crossovers and crossunders of user-defined overbought and oversold levels, making it ideal for contrarian trading strategies. Calculation Overview Predictive Ranges (5 Levels Logic): Uses a custom function (pred_ranges) to calculate a dynamic price average (avg) based on the ATR (Average True Range) multiplied by a user-defined factor (mult). The average adjusts only when the price moves beyond the ATR threshold, ensuring responsiveness to significant price changes while filtering out noise. This calculation is performed on a user-specified timeframe (tf5Levels) for multi-timeframe analysis. Contrarian RSI: Compares consecutive predictive range values to calculate gains (g) and losses (l) over a user-defined period (crsiLength). Applies a Gaussian weighting function (weight = math.exp(-math.pow(i / crsiLength, 2))) to prioritize recent price movements. Computes a "wave ratio" (net_momentum / total_energy) to normalize momentum, which is then scaled to a 0–100 range (qrsi = 50 + 50 * wave_ratio). Smooths the result with a 2-period EMA (qrsi_smoothed) for stability. Moving Average: Applies a user-selected moving average (SMA, EMA, WMA, SMMA, or VWMA) with a customizable length (maLength) to the smoothed RSI (qrsi_smoothed) to generate the final indicator value (qrsi_ma). Signal Generation: Long Entry: Triggered when qrsi_ma crosses above the oversold level (oversoldLevel, default: 1). Long Exit: Triggered when qrsi_ma crosses below the overbought level (overboughtLevel, default: 99). Entry and Exit Rules Long Entry: Enter a long position when the Contrarian RSI (qrsi_ma) crosses above the oversold level (default: 1). This suggests the asset is potentially oversold and due for a reversal. Long Exit: Exit the long position when the Contrarian RSI (qrsi_ma) crosses below the overbought level (default: 99), indicating a potential overbought condition and a reversal to the downside. Customization: Adjust overboughtLevel and oversoldLevel to fine-tune sensitivity. Lower timeframes may benefit from tighter levels (e.g., 20 for oversold, 80 for overbought), while higher timeframes can use extreme levels (e.g., 1 and 99) for stronger reversals. Timeframe Considerations Higher Timeframes (Recommended): The indicator is optimized for higher timeframes (e.g., 1H, 4H, Daily) due to its reliance on predictive ranges and smoothed momentum, which perform best with less market noise. These timeframes typically yield more reliable reversal signals. Lower Timeframes: The indicator can be used on lower timeframes (e.g., 5M, 15M), but signals may be noisier and require additional confirmation (e.g., from price action or other indicators). Extensive backtesting and parameter optimization (e.g., adjusting crsiLength, maLength, or mult) are recommended for lower timeframes. Inputs Contrarian RSI Length (crsiLength): Length for RSI momentum calculation (default: 5). RSI MA Length (maLength): Length of the moving average applied to the RSI (default: 1, effectively no MA). MA Type (maType): Choose from SMA, EMA, WMA, SMMA, or VWMA (default: SMA). Overbought Level (overboughtLevel): Upper threshold for exit signals (default: 99). Oversold Level (oversoldLevel): Lower threshold for entry signals (default: 1). Plot Signals on Main Chart (plotOnChart): Toggle to display signals on the price chart or the indicator panel (default: false). Plotted on Lower: Plotted on Chart: 5 Levels Length (length5Levels): Length for predictive range calculation (default: 200). Factor (mult): ATR multiplier for predictive ranges (default: 6.0). 5 Levels Timeframe (tf5Levels): Timeframe for predictive range calculation (default: chart timeframe). Visuals Contrarian RSI MA: Plotted as a yellow line, representing the smoothed Contrarian RSI with the applied moving average. Overbought/Oversold Lines: Red line for overbought (default: 99) and green line for oversold (default: 1). Signals: Blue circles for long entries, white circles for long exits. Signals can be plotted on the main chart (plotOnChart = true) or the indicator panel (plotOnChart = false). Usage Notes Use the indicator in conjunction with other tools (e.g., support/resistance, trendlines, or volume) to confirm signals. Test extensively on your chosen timeframe and asset to optimize parameters like crsiLength, maLength, and mult. Be cautious with lower timeframes, as false signals may occur due to market noise. The indicator is designed for contrarian strategies, so it works best in markets with clear reversal patterns. Disclaimer This indicator is provided for educational and informational purposes only. Always conduct thorough backtesting and risk management before using any indicator in live trading. The author is not responsible for any financial losses incurred.
Pine Script® indicator
by chuckaschultz
TRADING GURU LIVE FLASHHi guys, If you are looking to add some watermark into your charts. You can use this indicator. You can add add a title and a subtitle, if you want to write in diferents lines, you can use as you can see in the script. This is just a watermark, which follows my personal style an aesthetic when it comes to Pinescript tools. I like to keep my charts clean to focus on Time and price, and I love to have a reminder to remain disciplined. Homo Faber Fortunae Suae is a Latin maxim which loosely translates to: Humans Are The Makers Of Their Own Destiny. So make your own destiny, master yourself and the charts! All the features are customizable: position, text size, text color, background. Enjoy it.
Pine Script® indicator
by TradingGuruAcademy
RSI OS/OB Background StripesThe "RSI OS/OB Background Stripes" indicator is a simple tool designed to help traders visualize overbought and oversold market conditions using the Relative Strength Index (RSI). It highlights these conditions by displaying colored background stripes directly on your chart, making it easy to spot potential trading opportunities. How It Works:RSI Calculation: The indicator calculates the RSI, a popular momentum indicator that measures the speed and change of price movements, using a default period of 14 (customizable). Overbought/Oversold Levels: It marks areas where the RSI is above a user-defined overbought level (default: 70) with red background stripes, and below an oversold level (default: 30) with green background stripes. Visual Feedback: The colored stripes appear on the chart when the RSI enters overbought (red) or oversold (green) zones, helping you quickly identify market conditions. Customization: You can adjust the RSI period, overbought/oversold levels, background colors, and transparency. You can also choose to show the RSI line in a separate panel or display RSI values on the chart for debugging. Alerts: The indicator includes optional alerts that notify you when the RSI crosses into overbought or oversold territory. Who It’s For: This indicator is perfect for beginner and intermediate traders who want a clear, visual way to track RSI-based overbought and oversold conditions without cluttering their charts. Key Features:Easy-to-read background stripes for overbought (red) and oversold (green) conditions. Fully customizable RSI settings, colors, and transparency. Optional RSI plot and value display for deeper analysis. Alerts to keep you informed of key RSI level crossings. This indicator is a straightforward way to monitor market momentum and make informed trading decisions.
Pine Script® indicator
by bearbearbull23
Momentum Trail Oscillator [AlgoAlpha]🟠 OVERVIEW This script builds a Momentum Trail Oscillator designed to measure directional momentum strength and dynamically track shifts in trend bias using a combination of smoothed price change calculations and adaptive trailing bands. The oscillator aims to help traders visualize when momentum is expanding or contracting and to identify transitions between bullish and bearish conditions. 🟠 CONCEPTS The core idea combines two methods. First, the script calculates a normalized momentum measure by smoothing price changes relative to their absolute values, which creates a bounded oscillator that highlights whether moves are directional or choppy. Second, it uses a trailing band mechanism inspired by volatility stops, where bands adapt to the oscillator’s volatility, adjusting the thresholds that define a shift in directional bias. This dual approach seeks to address both the magnitude and persistence of momentum, reducing false signals in ranging markets. 🟠 FEATURES The momentum calculation applies Hull Moving Averages and double EMA smoothing to price changes, producing a smooth, responsive oscillator. The trailing bands are derived by offsetting a weighted moving average of the oscillator by a multiple of recent momentum volatility. A directional state variable tracks whether the oscillator is above or below the bands, updating when the momentum crosses these dynamic thresholds. Overbought and oversold zones are visually marked between fixed levels (+30/+40 and -30/-40), with color fills to highlight when momentum is in extreme areas. The script plots signals on both the oscillator pane and optionally overlays markers on the main price chart for clarity. 🟠 USAGE To use the indicator, apply it to any symbol and timeframe. The “Oscillator Length” controls how sensitive the momentum line is to recent price changes—lower values react faster, higher values smooth out noise. The “Trail Multiplier” sets how far the adaptive bands sit from the oscillator mid-line, which affects how often trend state changes occur. When the momentum line rises into the upper filled area and then crosses back below +40, it signals potential overbought exhaustion. The opposite applies for the oversold zone below -40. The plotted trailing bands switch visibility depending on the current directional state: when momentum is trending up, the lower band acts as the active trailing stop, and when trending down, the upper band becomes active. Trend changes are marked with circular symbols when the direction variable flips, and optional overlay arrows appear on the price chart to highlight overbought or oversold reversals. Traders can combine these signals with their own price action or volume analysis to confirm entries or exits.
Pine Script® indicator
by AlgoAlpha
8
Step Channel Momentum Trend [ChartPrime]OVERVIEW Step Channel Momentum Trend is a momentum-based price filtering system that adapts to market structure using pivot levels and ATR volatility. It builds a dynamic channel around a stepwise midline derived from swing highs and lows. The system colors price candles based on whether price remains inside this channel (low momentum) or breaks out (strong directional flow). This allows traders to clearly distinguish ranging conditions from trending ones and take action accordingly. ⯁ STRUCTURAL MIDLNE (STEP CHANNEL CORE) The midline acts as the backbone of the trend system and is based on structure rather than smoothing. Calculated as the average of the most recent confirmed Pivot High and Pivot Low. The result is a step-like horizontal line that only updates when new pivot points are confirmed. This design avoids lag and makes the line "snap" to recent structural shifts. It reflects the equilibrium level between recent bullish and bearish control. snapshot This unique step logic creates clear regime shifts and prevents noise from distorting trend interpretation. ⯁ DYNAMIC VOLATILITY BANDS (ATR FILTERING) To detect momentum strength, the script constructs upper and lower bands using the ATR (Average True Range): The distance from the midline is determined by ATR × multiplier (default: 200-period ATR × 0.6). These bands adjust dynamically to volatility, expanding in high-ATR environments and contracting in calm markets. The area between upper and lower bands represents a neutral or ranging market state. Breakouts outside the bands are treated as significant momentum shifts. snapshot This filtering approach ensures that only meaningful breakouts are visually emphasized — not every candle fluctuation. ⯁ MOMENTUM-BASED CANDLE COLORING The system visually transforms price candles into momentum indicators: When price (hl2) is above the upper band, candles are green → bullish momentum. snapshot When price is below the lower band, candles are red → bearish momentum. snapshot When price is between the bands, candles are orange → low or no momentum (range). snapshot The candle body, wick, and border are all colored uniformly for visual clarity. This gives traders instant feedback on when momentum is expanding or fading — ideal for breakout, pullback, or trend-following strategies. ⯁ PIVOT-BASED SWING ANCHORS Each confirmed pivot is plotted as a label ⬥ directly on the chart: snapshot They also serve as potential manual entry zones, SL/TP anchors, or confirmation points. ⯁ MOMENTUM STATE LABEL To reinforce the current market mode, a live label is displayed at the most recent candle: Displays either: “Momentum Up” when price breaks above the upper band. snapshot “Momentum Down” when price breaks below the lower band. snapshot “Range” when price remains between the bands. snapshot Label color matches the candle color for quick identification. Automatically updates on each bar close. This helps discretionary traders filter trades based on market phase. USAGE Use the green/red zones to enter with momentum and ride trending moves. Use the orange zone to stay out or fade ranges. The step midline can act as a breakout base, pullback anchor, or bias reference. Combine with other indicators (e.g., order blocks, divergences, or volume) to build high-confluence systems. CONCLUSION Step Channel Momentum Trend gives traders a clean, adaptive framework for identifying trend direction, volatility-based breakouts, and ranging environments — all from structural logic and ATR responsiveness. Its stepwise midline provides clarity, while its dynamic color-coded candles make momentum shifts impossible to miss. Whether you’re scalping intraday momentum or managing swing entries, this tool helps you trade with the market’s rhythm — not against it.
Pine Script® indicator
by Joebig55
4
Profit Seeker📈 Profit Seeker — Precision Trend Signal Indicator Profit Seeker is a trend-based multi-condition indicator designed to identify high-probability long and short trade setups by combining the strengths of multiple proven technical tools: 🔍 Core Features: Heiken Ashi Mode (Optional): Smoothens price action to reduce noise and improve trend clarity. Stochastic Ribbon Pivots: Detect trend reversals with built-in “HUNT” signals. Chande Momentum Oscillator (CMO): Confirms weakening or strengthening momentum — labeled as “SIGHT”. Bollinger Bands (BB): Pinpoint final entry triggers when price breaches volatility extremes — the “FIRE” signal. Multi-Timeframe Trend Filtering: Trade only in the direction of a dominant higher-timeframe trend. Color-coded Flags: 🟢 HUNT: Initial trend signal 🟢 SIGHT: Momentum alignment 🟢 FIRE: Volatility-based confirmation Smart Alerts: Receive real-time long or short alerts when all conditions align. 🛠️ Use Cases: Ideal for swing and intraday traders Works on all asset classes: crypto, forex, equities, commodities Compatible with manual trading or automated bots
Pine Script® indicator
by raghavprakash05
KST Strategy [Skyrexio]Overview KST Strategy leverages Know Sure Thing (KST) indicator in conjunction with the Williams Alligator and Moving average to obtain the high probability setups. KST is used for for having the high probability to enter in the direction of a current trend when momentum is rising, Alligator is used as a short term trend filter, while Moving average approximates the long term trend and allows trades only in its direction. Also strategy has the additional optional filter on Choppiness Index which does not allow trades if market is choppy, above the user-specified threshold. Strategy has the user specified take profit and stop-loss numbers, but multiplied by Average True Range (ATR) value on the moment when trade is open. The strategy opens only long trades. Unique Features ATR based stop-loss and take profit. Instead of fixed take profit and stop-loss percentage strategy utilizes user chosen numbers multiplied by ATR for its calculation. Configurable Trading Periods. Users can tailor the strategy to specific market windows, adapting to different market conditions. Optional Choppiness Index filter. Strategy allows to choose if it will use the filter trades with Choppiness Index and set up its threshold. Methodology The strategy opens long trade when the following price met the conditions: Close price is above the Alligator's jaw line Close price is above the filtering Moving average KST line of Know Sure Thing indicator shall cross over its signal line (details in justification of methodology) If the Choppiness Index filter is enabled its value shall be less than user defined threshold When the long trade is executed algorithm defines the stop-loss level as the low minus user defined number, multiplied by ATR at the trade open candle. Also it defines take profit with close price plus user defined number, multiplied by ATR at the trade open candle. While trade is in progress, if high price on any candle above the calculated take profit level or low price is below the calculated stop loss level, trade is closed. Strategy settings In the inputs window user can setup the following strategy settings: ATR Stop Loss (by default = 1.5, number of ATRs to calculate stop-loss level) ATR Take Profit (by default = 3.5, number of ATRs to calculate take profit level) Filter MA Type (by default = Least Squares MA, type of moving average which is used for filter MA) Filter MA Length (by default = 200, length for filter MA calculation) Enable Choppiness Index Filter (by default = true, setting to choose the optional filtering using Choppiness index) Choppiness Index Threshold (by default = 50, Choppiness Index threshold, its value shall be below it to allow trades execution) Choppiness Index Length (by default = 14, length used in Choppiness index calculation) KST ROC Length #1 (by default = 10, value used in KST indicator calculation, more information in Justification of Methodology) KST ROC Length #2 (by default = 15, value used in KST indicator calculation, more information in Justification of Methodology) KST ROC Length #3 (by default = 20, value used in KST indicator calculation, more information in Justification of Methodology) KST ROC Length #4 (by default = 30, value used in KST indicator calculation, more information in Justification of Methodology) KST SMA Length #1 (by default = 10, value used in KST indicator calculation, more information in Justification of Methodology) KST SMA Length #2 (by default = 10, value used in KST indicator calculation, more information in Justification of Methodology) KST SMA Length #3 (by default = 10, value used in KST indicator calculation, more information in Justification of Methodology) KST SMA Length #4 (by default = 15, value used in KST indicator calculation, more information in Justification of Methodology) KST Signal Line Length (by default = 10, value used in KST indicator calculation, more information in Justification of Methodology) User can choose the optimal parameters during backtesting on certain price chart. Justification of Methodology Before understanding why this particular combination of indicator has been chosen let's briefly explain what is KST, Williams Alligator, Moving Average, ATR and Choppiness Index. The KST (Know Sure Thing) is a momentum oscillator developed by Martin Pring. It combines multiple Rate of Change (ROC) values, smoothed over different timeframes, to identify trend direction and momentum strength. First of all, what is ROC? ROC (Rate of Change) is a momentum indicator that measures the percentage change in price between the current price and the price a set number of periods ago. ROC = 100 * (Current Price - Price N Periods Ago) / Price N Periods Ago In our case N is the KST ROC Length inputs from settings, here we will calculate 4 different ROCs to obtain KST value: KST = ROC1_smooth × 1 + ROC2_smooth × 2 + ROC3_smooth × 3 + ROC4_smooth × 4 ROC1 = ROC(close, KST ROC Length #1), smoothed by KST SMA Length #1, ROC2 = ROC(close, KST ROC Length #2), smoothed by KST SMA Length #2, ROC3 = ROC(close, KST ROC Length #3), smoothed by KST SMA Length #3, ROC4 = ROC(close, KST ROC Length #4), smoothed by KST SMA Length #4 Also for this indicator the signal line is calculated: Signal = SMA(KST, KST Signal Line Length) When the KST line rises, it indicates increasing momentum and suggests that an upward trend may be developing. Conversely, when the KST line declines, it reflects weakening momentum and a potential downward trend. A crossover of the KST line above its signal line is considered a buy signal, while a crossover below the signal line is viewed as a sell signal. If the KST stays above zero, it indicates overall bullish momentum; if it remains below zero, it points to bearish momentum. The KST indicator smooths momentum across multiple timeframes, helping to reduce noise and provide clearer signals for medium- to long-term trends. Next, let’s discuss the short-term trend filter, which combines the Williams Alligator and Williams Fractals. Williams Alligator Developed by Bill Williams, the Alligator is a technical indicator that identifies trends and potential market reversals. It consists of three smoothed moving averages: Jaw (Blue Line): The slowest of the three, based on a 13-period smoothed moving average shifted 8 bars ahead. Teeth (Red Line): The medium-speed line, derived from an 8-period smoothed moving average shifted 5 bars forward. Lips (Green Line): The fastest line, calculated using a 5-period smoothed moving average shifted 3 bars forward. When the lines diverge and align in order, the "Alligator" is "awake," signaling a strong trend. When the lines overlap or intertwine, the "Alligator" is "asleep," indicating a range-bound or sideways market. This indicator helps traders determine when to enter or avoid trades. The next indicator is Moving Average. It has a lot of different types which can be chosen to filter trades and the Least Squares MA is used by default settings. Let's briefly explain what is it. The Least Squares Moving Average (LSMA) — also known as Linear Regression Moving Average — is a trend-following indicator that uses the least squares method to fit a straight line to the price data over a given period, then plots the value of that line at the most recent point. It draws the best-fitting straight line through the past N prices (using linear regression), and then takes the endpoint of that line as the value of the moving average for that bar. The LSMA aims to reduce lag and highlight the current trend more accurately than traditional moving averages like SMA or EMA. Key Features: It reacts faster to price changes than most moving averages. It is smoother and less noisy than short-term EMAs. It can be used to identify trend direction, momentum, and potential reversal points. ATR (Average True Range) is a volatility indicator that measures how much an asset typically moves during a given period. It was introduced by J. Welles Wilder and is widely used to assess market volatility, not direction. To calculate it first of all we need to get True Range (TR), this is the greatest value among: High - Low abs(High - Previous Close) abs(Low - Previous Close) ATR = MA(TR, n) , where n is number of periods for moving average, in our case equals 14. ATR shows how much an asset moves on average per candle/bar. A higher ATR means more volatility; a lower ATR means a calmer market. The Choppiness Index is a technical indicator that quantifies whether the market is trending or choppy (sideways). It doesn't indicate trend direction — only the strength or weakness of a trend. Higher Choppiness Index usually approximates the sideways market, while its low value tells us that there is a high probability of a trend. Choppiness Index = 100 × log10(ΣATR(n) / (MaxHigh(n) - MinLow(n))) / log10(n) where: ΣATR(n) = sum of the Average True Range over n periods MaxHigh(n) = highest high over n periods MinLow(n) = lowest low over n periods log10 = base-10 logarithm Now let's understand how these indicators work in conjunction and why they were chosen for this strategy. KST indicator approximates current momentum, when it is rising and KST line crosses over the signal line there is high probability that short term trend is reversing to the upside and strategy allows to take part in this potential move. Alligator's jaw (blue) line is used as an approximation of a short term trend, taking trades only above it we want to avoid trading against trend to increase probability that long trade is going to be winning. Almost the same for Moving Average, but it approximates the long term trend, this is just the additional filter. If we trade in the direction of the long term trend we increase probability that higher risk to reward trade will hit the take profit. Choppiness index is the optional filter, but if it turned on it is used for approximating if now market is in sideways or in trend. On the range bounded market the potential moves are restricted. We want to decrease probability opening trades in such condition avoiding trades if this index is above threshold value. When trade is open script sets the stop loss and take profit targets. ATR approximates the current volatility, so we can make a decision when to exit a trade based on current market condition, it can increase the probability that strategy will avoid the excessive stop loss hits, but anyway user can setup how many ATRs to use as a stop loss and take profit target. As was said in the Methodology stop loss level is obtained by subtracting number of ATRs from trade opening candle low, while take profit by adding to this candle's close. Backtest Results Operating window: Date range of backtests is 2023.01.01 - 2025.05.01. It is chosen to let the strategy to close all opened positions. Commission and Slippage: Includes a standard Binance commission of 0.1% and accounts for possible slippage over 5 ticks. Initial capital: 10000 USDT Percent of capital used in every trade: 60% Maximum Single Position Loss: -5.53% Maximum Single Profit: +8.35% Net Profit: +5175.20 USDT (+51.75%) Total Trades: 120 (56.67% win rate) Profit Factor: 1.747 Maximum Accumulated Loss: 1039.89 USDT (-9.1%) Average Profit per Trade: 43.13 USDT (+0.6%) Average Trade Duration: 27 hours These results are obtained with realistic parameters representing trading conditions observed at major exchanges such as Binance and with realistic trading portfolio usage parameters. How to Use Add the script to favorites for easy access. Apply to the desired timeframe and chart (optimal performance observed on 1h BTC/USDT). Configure settings using the dropdown choice list in the built-in menu. Set up alerts to automate strategy positions through web hook with the text: {{strategy.order.alert_message}} Disclaimer: Educational and informational tool reflecting Skyrexio commitment to informed trading. Past performance does not guarantee future results. Test strategies in a simulated environment before live implementation.
Pine Script® strategy
by Skyrexio
📊 RSI Multi-Timeframe Dashboard by giua64)### Summary This is an advanced dashboard that provides a comprehensive overview of market strength and momentum, based on the Relative Strength Index (RSI) analyzed across 6 different timeframes simultaneously (from 5 minutes to the daily chart). The purpose of this script is to offer traders an immediate and easy-to-read summary of market conditions, helping to identify the prevailing trend direction, overbought/oversold levels, and potential reversals through divergence detection. All of this is available in a single panel, eliminating the need to switch timeframes on your main chart. ### Key Features * **Multi-Timeframe Analysis:** Simultaneously monitors the 5m, 15m, 30m, 1H, 4H, and Daily timeframes. * **Scoring System:** Each timeframe is assigned a score based on multiple RSI conditions (e.g., above/below 50, overbought/oversold status, direction) to quantify bullish or bearish strength. * **Aggregated Signal:** The dashboard calculates a total percentage score and provides a clear summary signal: **LONG**, **SHORT**, or **WAIT**. * **Divergence Detection:** Automatically identifies Bullish and Bearish divergences between price and RSI for each timeframe. * **Non-Repainting Option:** In the settings, you can choose to base calculations on the close of the previous candle (`Use RSI on Closed Candle`). This ensures that past signals (like status and score) do not change, providing more reliable data for analysis. * **Fully Customizable:** Users can modify the RSI period, overbought/oversold thresholds, divergence detection settings, and the appearance of the table. ### How to Read the Dashboard The table consists of 6 columns, each providing specific information: * **% (Total Score):** * **Header:** Shows the overall strength as a percentage. A positive value indicates bullish momentum, while a negative value indicates bearish momentum. The background color changes based on intensity. * **Rows:** Displays the numerical score for the individual timeframe. * **RSI:** * **Header:** The background color indicates the average of all RSI values. Green if the average is > 50, Red if < 50. * **Rows:** Shows the real-time RSI value for that timeframe. * **Signal (Status):** * **Header:** This is the final operational signal. It turns **🟢 LONG** when bullish strength is high, **🔴 SHORT** when bearish strength is high, and **⚪ WAIT** in neutral conditions. * **Rows:** Describes the RSI status for that timeframe (e.g., Bullish, Bearish, Overbought, Oversold). * **Dir (Direction):** * **Header:** Displays an arrow representing the majority direction across all timeframes. * **Rows:** Shows the instantaneous direction of the RSI (↗️ for rising, ↘️ for falling). * **Diverg (Divergence):** * Indicates if a bullish (`🟢 Bull`) or bearish (`🔴 Bear`) divergence has been detected on that timeframe. * **TF (Timeframe):** * Indicates the reference timeframe for that row. ### Advantages and Practical Use This tool was created to solve a common problem: the need to analyze multiple charts to understand the bigger picture. With this dashboard, you can: 1. **Confirm a Trend:** A predominance of green and a "LONG" signal provides strong confirmation of bullish sentiment. 2. **Identify Weakness:** Red signals on higher timeframes can warn of an impending loss of momentum. 3. **Spot Turning Points:** A divergence on a major timeframe can signal an excellent reversal opportunity. ### Originality and Acknowledgements This script is an original work, written from scratch by giua64. The idea was to create a comprehensive and visually intuitive tool for RSI analysis. Any feedback, comments, or suggestions to improve the script are welcome! **Disclaimer:** This is a technical analysis tool and should not be considered financial advice. Always do your own research and backtest any tool before using it in a live trading environment.
Pine Script® indicator
by giua64
TZADIKAOT - Triple Convergence🚀 *TZADIK – Triple Convergence* The ultimate convergence indicator that brings clarity through the power of consensus. *What’s Inside?* A smart fusion of *3 powerful momentum-based indicators*: * *SMI (Stochastic Momentum Index)* * *Stochastic RSI* * *CCI Stochastic* 📊 Each one generates its own buy/sell signal — and TZADIKAOT combines them into a clear, unified consensus: * ✅ *3/3 BUY / SELL* – Strong entry signals * ⚠ *2/3 BUY / SELL* – Moderate signals worth watching * ⚪ *Neutral* – No consensus yet 🎯 *Features*: ✔ Dynamic score histogram ✔ Color-coded background zones ✔ Visual arrows + status labels ✔ Real-time signal table ✔ Built-in alerts for full consensus *Who is it for?* Traders who want structured, data-driven signals instead of noise — and a single, trustworthy indicator to guide their decisions. 💡 Designed for clarity, precision, and ease of use on *any timeframe*. No more guesswork. Just signals that matter.
Pine Script® indicator
by tnatan1995
Rifle LONG Rifle Shooter Long Indicator Provides buy/sell signals on DOW symbols including YM, MYM, and US30. Algorithm monitors price action for a drop of price of X points within N minutes. On achieving this drop, the algorithm waits for the price action to drop below one of three levels. Levels end in 23/43/73. For example, 42223 or 42273. Once dropping below the level the algorithm is considered setup if the RSI is below 30. Once setup, it will remain setup until the RSI exceeds 30 or a buy signal is triggered. A buy signal triggers when setup and the following conditions are achieved: 1) price action rises above the level, change in RSI indicates an end/exhaustion of the price drop, and the bar has positive upward momentum. After signal entry a customizable stop loss and take profit are plotted on the chart adjusting to price action. It will signal exit accordingly. Requirements for use: 1) 30 second chart 2) Dow symbol The script has a matching indicator for the SHORT entry. Both indicators rely on common cod within the RifleShooterLib library. Additionally, the BackTesterLib library is used to provide backtesting statistics and presentation.
Pine Script® indicator
by BlueMagicTrading
ORB Screener-Multiple IndicatorsThis custom screener is designed to identify high-probability intraday breakout opportunities across the top 40 NSE stocks by market capitalization. It is built on the proven Opening Range Breakout (ORB) concept and enhanced with a powerful combination of momentum and trend filters. ✅ Key Features: Opening Range (09:15–09:20) detection with automatic status: Abv High, Blw Low, BTW Real-time scanning of 40 pre-loaded NSE stocks (configurable) Composite scoring system (0–100) based on: RSI > 55 Price above VWAP Volume Surge (vs 20-period SMA) ADX > 20 MACD Histogram (positive and rising) ORB Breakout Direction Color-coded screener table to highlight top-scoring stocks Buy/Sell suggestions shown alongside score Manual sorting toggle for ranked display Fully customizable watchlist with checkboxes 🛠️ Best Use: Ideal for intraday traders looking for momentum trades. Focus on stocks with score ≥ 75 and green highlight for long trades. Designed to be lightweight despite scanning 40 instruments. ⚠️ Notes: This script does not plot on the chart; it only renders a dynamic screener table. No alerts are configured—manual review required. You can edit the top 40 symbols as needed.
Pine Script® indicator
by swarajchhallani
6
Universal Sentiment Oscillator with Trade RecommendationsUniversal Sentiment Oscillator & Strategy Guide Summary This all-in-one indicator is designed to be a comprehensive co-pilot for your trading journey. It moves beyond simple buy/sell signals by analyzing the underlying market sentiment and providing a dynamic, risk-assessed guide of potential trading strategies. Whether you're a novice learning the ropes or an expert seeking confirmation, this tool provides a structured framework for making smarter, more informed decisions in stocks, options, and futures. How It Works The core of the indicator is the Sentiment Oscillator, which calculates a score from -5 (Extremely Bearish) to +5 (Extremely Bullish) on every bar. This isn't just a single measurement; it's a weighted aggregate of several key technical conditions: Trend Analysis: Price position relative to the 20, 50, and 200 EMAs. Momentum Analysis: The current RSI value. Hybrid Analysis: The state of the MACD and its signal line. These factors are intelligently combined and normalized to produce a single, intuitive sentiment score, giving you an at-a-glance understanding of the market's pulse. Core Features Dynamic Trade Recommendation Table: The informational heart of the indicator. This on-chart table provides a list of potential trades perfectly aligned with the current sentiment score. Risk-Ranked Strategies: All suggested trades are logically ordered by risk, helping you quickly identify strategies that match your comfort level. Adjusted Trade Suggestions: The indicator analyzes sentiment momentum (the score vs. its signal line) to provide proactive, forward-looking trade ideas based on where the market might be heading next. Customizable Trading Styles: Tell the indicator if you are a Conservative, Neutral, or Aggressive trader, and the "Adjusted Trade Suggestion" will automatically tailor its recommendations to your personal risk preference. Context-Aware Futures Mode: When viewing a futures contract, enable this mode to switch all recommendations from stock/options to futures-specific actions (e.g., "Cautious Long," "Monitor Range"). Predictive Sentiment Cone: Visualize the potential short-term path of sentiment based on current momentum, helping you anticipate future conditions. Fully Customizable: Every parameter—from EMA lengths to trade filters—can be adjusted, allowing you to fine-tune the indicator to your exact specifications. How to Use This Indicator This tool is flexible and can be integrated into many trading systems. Here is a powerful, professional approach: Top-Down Analysis (for Swing or Position Trading): Establish the Trend: Start on the higher timeframes (Monthly, Weekly, Daily). Use the oscillator's color and score to define the dominant, long-term market sentiment. You only want to look for trades that align with this macro trend. Refine the Entry: Drop down to the medium timeframes (4-Hour, 1-Hour). Wait for the sentiment on these charts to come into alignment with the higher-timeframe trend. This pullback or consolidation is your "zone of interest." Pinpoint the Execution: Move to a lower timeframe (e.g., 15-Minute). Use the Adjusted Trade Suggestion and Sentiment Momentum to find a precise entry as momentum begins to shift back in the direction of the primary trend. You can set alerts on the oscillator's zero-line for early warnings of a sentiment shift. As a Confirmation Tool: If you have an existing trade idea, use the indicator to validate it. Does the sentiment score align with your bullish or bearish thesis? Does the momentum confirm that now is a good time to enter? As an Idea Generation Tool: Unsure what to trade? Browse different assets and let the indicator's "Primary Trades" and "Adjusted Trade Suggestion" present you with a list of risk-assessed ideas that you can then investigate further. Disclaimer: This is an analysis tool and should not be considered financial advice. All forms of trading involve substantial risk. You should not trade with money you cannot afford to lose. Always perform your own due diligence and use this indicator as one component of a complete trading plan.
Pine Script® indicator
by heliav8r
Adaptive Cycle Oscillator with EMADescription of the Adaptive Cycle Oscillator with EMA Pine Script This Pine Script, titled "Adaptive Cycle Oscillator with EMA", is a custom technical indicator designed for TradingView to help traders analyze market cycles and identify potential buy or sell opportunities. It combines an Adaptive Cycle Oscillator (ACO) with multiple Exponential Moving Averages (EMAs), displayed as colorful, wavy lines, and includes features like buy/sell signals and divergence detection. Below is a beginner-friendly explanation of how the script works, adhering to TradingView's Script Publishing Rules. What This Indicator Does The Adaptive Cycle Oscillator with EMA helps you: Visualize market cycles using an oscillator that adapts to price movements. Track trends with seven EMAs of different lengths, plotted as a rainbow of wavy lines. Identify potential buy or sell signals when the oscillator crosses predefined thresholds. Spot divergences between the oscillator and price to anticipate reversals. Use customizable settings to adjust the indicator to your trading style. Note: This is a technical analysis tool and does not guarantee profits. Always combine it with other analysis methods and practice risk management. Step-by-Step Explanation for New Users 1. Understanding the Indicator Adaptive Cycle Oscillator (ACO): The ACO analyzes price data (based on high, low, and close prices, or HLC3) to detect market cycles. It smooths price movements to create an oscillator that swings between overbought and oversold levels. EMAs: Seven EMAs of different lengths are applied to the ACO and scaled based on the market's dominant cycle. These EMAs are plotted as colorful, wavy lines to show trend direction. Buy/Sell Signals: The script generates signals when the ACO crosses above or below user-defined thresholds, indicating potential entry or exit points. Divergence Detection: The script identifies bullish or bearish divergences between the ACO and the fastest EMA, which may signal potential reversals. Visual Style: The indicator uses a rainbow of seven colors (red, orange, yellow, green, blue, indigo, violet) for the EMAs, with wavy lines for a unique visual effect. Static levels (zero, overbought, oversold) are also wavy for consistency. 2. How to Add the Indicator to Your Chart Open TradingView and load the chart of any asset (e.g., stock, forex, crypto). Click on the Indicators button at the top of the chart. Search for "Adaptive Cycle Oscillator with EMA" (or paste the script into TradingView’s Pine Editor if you have access to it). Click to add the indicator to your chart. It will appear in a separate panel below the price chart. 3. Customizing the Indicator The script offers several input options to tailor it to your needs: Base Cycle Length (Default: 20): Sets the initial period for calculating the dominant cycle. Higher values make the indicator slower; lower values make it more sensitive. Alpha Smoothing (Default: 0.07): Controls how much the ACO smooths price data. Smaller values produce smoother results. Show Buy/Sell Signals (Default: True): Toggle to display green triangles (buy) and red triangles (sell) on the chart. Threshold (Default: 0.0): Defines overbought (above threshold) and oversold (below threshold) levels. Adjust to widen or narrow signal zones. EMA Base Length (Default: 10): Sets the starting length for the fastest EMA. Other EMAs are incrementally longer (12, 14, 16, etc.). Divergence Lookback (Default: 14): Determines how far back the script looks to detect divergences. To adjust these: Right-click the indicator on your chart and select Settings. Modify the inputs in the pop-up window. Click OK to apply changes. 4. Reading the Indicator Oscillator and EMAs: The ACO and seven EMAs are plotted in a separate panel. The EMAs (colored lines) move in a wavy pattern: Red (fastest) to Violet (slowest) represent different response speeds. When the faster EMAs (e.g., red, orange) are above slower ones (e.g., blue, violet), it suggests bullish momentum, and vice versa. Zero Line: A gray wavy line at zero acts as a neutral level. The ACO above zero indicates bullish conditions; below zero indicates bearish conditions. Overbought/Oversold Lines: Red (overbought) and green (oversold) wavy lines mark threshold levels. Extreme ACO values near these lines may suggest reversals. Buy/Sell Signals: Green Triangle (Bottom): Appears when the ACO crosses above the oversold threshold, suggesting a potential buy. Red Triangle (Top): Appears when the ACO crosses below the overbought threshold, suggesting a potential sell. Divergences: Green Triangle (Bottom): Indicates a bullish divergence (price makes a lower low, but the EMA makes a higher low), hinting at a potential upward reversal. Red Triangle (Top): Indicates a bearish divergence (price makes a higher high, but the EMA makes a lower high), hinting at a potential downward reversal. 5. Using Alerts You can set alerts for key events: Right-click the indicator and select Add Alert. Choose a condition (e.g., "ACO Buy Signal", "Bullish Divergence"). Configure the alert settings (e.g., notify via email, app, or pop-up). Click Create to activate the alert. Available alert conditions: ACO Buy Signal: When the ACO crosses above the oversold threshold. ACO Sell Signal: When the ACO crosses below the overbought threshold. Bullish Divergence: When a potential upward reversal is detected. Bearish Divergence: When a potential downward reversal is detected. 6. Tips for Using the Indicator Combine with Other Tools: Use the indicator alongside support/resistance levels, candlestick patterns, or other indicators (e.g., RSI, MACD) for confirmation. Test on Different Timeframes: The indicator works on any timeframe (e.g., 1-minute, daily). Shorter timeframes may produce more signals but with more noise. Practice Risk Management: Never rely solely on this indicator. Set stop-losses and position sizes to manage risk. Backtest First: Use TradingView’s Strategy Tester (if you convert the script to a strategy) to evaluate performance on historical data. Compliance with TradingView’s Script Publishing Rules This description adheres to TradingView’s Script Publishing Rules (as outlined in the provided link): No Performance Claims: The description avoids promising profits or specific results, emphasizing that the indicator is a tool for analysis. Clear Instructions: It provides step-by-step guidance for adding, customizing, and using the indicator. Risk Disclaimer: It notes that trading involves risks and the indicator should be used with other analysis methods. No Misleading Terms: Terms like “buy” and “sell” are used to describe signals, not guaranteed actions. Transparency: The description explains the indicator’s components (ACO, EMAs, signals, divergences) without exaggerating its capabilities. No External Links: The description avoids linking to external resources or soliciting users. Educational Tone: It focuses on educating users about the indicator’s functionality. Limitations Not a Standalone System: The indicator is not a complete trading strategy. It provides insights but requires additional analysis. Lagging Nature: As with most oscillators and EMAs, signals may lag behind price movements, especially in fast markets. False Signals: Signals and divergences may not always lead to successful trades, particularly in choppy markets. Market Dependency: Performance varies across assets and market conditions (e.g., trending vs. ranging markets).
Pine Script® indicator
by TRADINGINDICATORPRO
MM + MACD [RSI Filter]MM + MACD Trend Follower with RSI Filter Pedro Canto - Portfolio Manager | CGA/CGE OVERVIEW The MM + MACD Trend Follower with RSI Filter is a multi-layered trend-following indicator designed to help traders identify high-probability trend continuation setups while avoiding low-quality entries caused by overbought or oversold market conditions. This tool combines the power of Moving Averages (MA), the MACD Histogram, and a visual RSI-based filter to validate both trend direction and timing for entries. Its goal is simple: filter out noise and highlight only the most technically relevant buy and sell signals based on objective momentum and trend criteria. USE CASES - Identifying trend continuation setups - Filtering false signals during consolidation phases - Avoiding trades in overbought or oversold zones - Enhancing entry timing for both swing and intraday strategies - Providing visual confirmation of trend strength and momentum alignment KEY FEATURES 1. Dual Moving Average Setup The indicator allows full customization of two moving averages (MA1 and MA2), supporting both EMA and SMA types. The slope of the longer MA (MA2) acts as an essential trend filter, ensuring signals are only generated when the market shows clear directional bias. 2. MACD Histogram Trend Confirmation A classic MACD Histogram calculation is used to validate the momentum of the prevailing trend. - Bullish Trend: Histogram > 0 - Bearish Trend: Histogram < 0 This step filters out counter-trend signals and ensures trades are aligned with momentum. 3. Intrabar Price Trigger Unlike standard crossover systems, this indicator waits for intrabar price action to trigger entries: - Buy Signal: Price crosses below one of the MAs during an uptrend (dip-buy logic) - Sell Signal: Price crosses above one of the MAs during a downtrend (rally-sell logic) This intrabar trigger improves entry timing and helps capture retracement-based opportunities. 4. RSI Visual Filter A short-term RSI is plotted and color-coded to visually highlight overbought and oversold conditions, acting as a discretionary filter for users to avoid low-probability trades during exhaustion points. 5. Dynamic Coloring System Bar Colors: - Blue: Bullish trend - Red: Bearish trend - Orange: RSI Overbought/Oversold zones MA Colors: - Blue for bullish conditions - Red for bearish conditions - Gray for neutral/no-trend phases 6. Signal Markers and Alerts Clear visual buy and sell markers are plotted directly on the chart. Additionally, the indicator includes real-time alerts for both Buy and Sell signals, helping traders stay informed even when away from the screen. INPUTS AND CUSTOMIZATION OPTIONS - Moving Average Types: EMA or SMA for both MA1 and MA2. - MACD Settings: Customizable fast, slow, and signal periods. - RSI Settings: Source, length, and overbought/oversold levels fully adjustable. - Color Customization: Adjust RSI zone colors to suit your chart theme. --- DISCLAIMER This indicator is a technical analysis tool designed for educational and informational purposes only. It should not be used as a standalone trading system. Always combine it with sound risk management, price action analysis, and, where applicable, fundamental context. Past performance does not guarantee future results.
Pine Script® indicator
by Pedro_Canto