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RSI Z‑Score + TableRSI Z-Score + Table This script calculates the Z-Score of the RSI (Relative Strength Index), which standardizes RSI based on its own recent history. What It Shows: RSI Z-Score = (Current RSI - Mean RSI) / Standard Deviation This tells you how extreme the current RSI is compared to its historical values. A table displays: Current RSI Rolling Mean RSI Z-Score How to Use: Z-Score > +2 = Statistically overbought Z-Score < -2 = Statistically oversold Use it to time reversals or overextension in RSI behavior. 🔒 Based on rolling lookback window — fully customizable. Author: Tags: #RSI #ZScore #Momentum #StatisticalEdge #MeanReversion #Crypto
Pine Script® indicator
by kevin_zijlstra
SmartMind2The MACD (Moving Average Convergence Divergence) is a popular technical indicator in trading, primarily used to detect trends and possible reversal points. How is the MACD structured? The MACD indicator consists of three components: MACD Line: Calculated as the difference between two exponential moving averages (EMAs), commonly 12 and 26 periods. Formula: MACD Line = 𝐸 𝑀 𝐴 12 ( Price ) − 𝐸 𝑀 𝐴 26 ( Price ) MACD Line=EMA 12 ​ (Price)−EMA 26 ​ (Price) Signal Line: An exponential moving average (usually 9 periods) of the MACD line. Formula: Signal Line = 𝐸 𝑀 𝐴 9 ( MACD Line ) Signal Line=EMA 9 ​ (MACD Line) Histogram: Graphically represents the difference between the MACD line and the Signal line. Formula: Histogram = MACD Line − Signal Line Histogram=MACD Line−Signal Line Interpretation of MACD: Buy Signal: Occurs when the MACD line crosses above the signal line (bullish signal). Sell Signal: Occurs when the MACD line crosses below the signal line (bearish signal). Trend Reversal: A divergence between price movements and the MACD indicates a potential reversal (e.g., rising prices with a falling MACD).
Pine Script® indicator
by Lauraruhland
RSI Z‑Score + TableRSI Z-Score + Table This script calculates the Z-Score of the RSI (Relative Strength Index), which standardizes RSI based on its own recent history. What It Shows: RSI Z-Score = (Current RSI - Mean RSI) / Standard Deviation This tells you how extreme the current RSI is compared to its historical values. A table displays: Current RSI Rolling Mean RSI Z-Score How to Use: Z-Score > +2 = Statistically overbought Z-Score < -2 = Statistically oversold Use it to time reversals or overextension in RSI behavior. 🔒 Based on rolling lookback window — fully customizable. Author: Tags: #RSI #ZScore #Momentum #StatisticalEdge #MeanReversion #Crypto
Pine Script® indicator
by kevin_zijlstra
ALPHA 999This indicator is designed to provide traders with clear and reliable signals by combining essential technical tools into one simplified framework. Whether you’re trading crypto, stocks, or forex, this tool helps identify potential entry and exit points using . It is well-suited for both intraday and swing traders, offering customizable inputs, multi-timeframe compatibility, and real-time alerts. The indicator displays intuitive visual cues directly on the chart, making it easy to interpret market conditions and respond quickly. Ideal for traders who prefer clean charts with actionable signals, this tool enhances decision-making without overwhelming complexity. While powerful on its own, it can be paired with other indicators for greater confirmation and accuracy. Please note: this indicator is for educational purposes only and should be used with proper risk management and backtesting before applying to live trades.
Pine Script® indicator
by JAY_1403
Dynamic Gap Probability Tool with N-Bar Decay📌 How It Works 1. Moving Average (MA) Reference o The indicator plots a moving average (SMA, EMA, WMA, etc.) on the chart. o Price can be above or below this moving average. 2. Probability Tracking o Every time a bar closes, the script records:  Whether the next candle closed up (green) or down (red).  Whether within the next N bars (e.g., 3 bars ahead) the price moved higher or lower than the current close. 3. N Bar Lookahead o Instead of only caring about the very next candle, it looks forward several bars to see if the market eventually moves in your favor. o Example: If N = 3, it answers: "Within the next 3 bars, what’s the chance price will go higher/lower from here?" 4. Results Table o At the edge of your chart, the table shows:  ✅ Next Green % – Probability next candle is bullish.  ❌ Next Red % – Probability next candle is bearish.  📈 N Bar Bull % – Probability that within N bars, price goes higher.  📉 N Bar Bear % – Probability that within N bars, price goes lower. 💡 Why It’s Useful for Traders • Removes Guesswork – Instead of relying on “gut feeling,” you see historical probabilities for how price reacts when above/below the MA. • Better Trade Timing – If N Bar Bullish Probability is high, it suggests waiting for confirmation and holding longer than just 1 candle. • Adapts to Style – o Scalpers: Use N = 1 to see immediate probabilities. o Swing Traders: Use N = 3, 5, or 10 to see longer-term reaction probabilities. • Trend Awareness – Works differently above and below the moving average, giving you a bias toward long or short trades. • Confidence in Decisions – Probabilities are based on real past data from the chart’s history.
Pine Script® indicator
by SupertradeOfficial