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AZ Dynamic Trend Indicator with Heikin-Ashi### Dynamic Trend Indicator with Heikin-Ashi (v2.7) **Effortlessly identify trends and reversals** with this versatile tool combining multi-timeframe analysis, adaptive moving averages, and Heikin-Ashi smoothing. Here's what it offers: #### 🔍 **Core Features** 1. **Dual Timeframe Analysis**: - Track trends on higher timeframes (e.g., 1H/D) while viewing signals on your current chart. - Toggle between **Heikin-Ashi** or standard candles for cleaner trend visualization. 2. **8 Customizable MAs**: - Choose from **ALMA, HMA, SMA, SWMA, VWMA, WMA, ZLEMA, or EMA** with adjustable periods. - Unique "Trend Strength" metric: `(MA_Close - MA_Open) / (MA_High - MA_Low)` highlights momentum direction. 3. **Smart Signals**: - **Entry/Exit**: Triangles mark crossovers between MA Close/Open. - **Reversal Alerts**: Detects counter-trend moves within a user-defined window (default: 3 bars) after signals. - Color-coded plots: Bullish (🟢), Bearish (🔴), Reversal Bull (🔵), Reversal Bear (🟠). #### 🎨 **Visual Customization** - Toggle **High/Low MA lines**, **Close line**, and **fill colors**. - Adjust colors for all elements to match your chart theme. - Hide signals or reversal markers as needed. #### ⚙️ **Practical Use** - **Trend Following**: Use the MA Close/Open crossover with trend fill colors to confirm direction. - **Reversal Trading**: Capitalize on pullbacks with reversal signals (e.g., after a bearish signal, watch for Bull Reversal markers). - **Multi-Timeframe Confirmation**: Avoid false signals by aligning higher-timeframe trends with your entries. *Ideal for swing traders and trend riders!* **Note**: Adjust `MA Period`, `Reversal Window`, and `Trend Timeframe` for your strategy. Disable Heikin-Ashi in choppy markets for faster reactions. --- *Code v2.7 updates: Optimized reversal logic, added ALMA/ZLEMA support, and enhanced visual controls.*
Pine Script® indicator
by sabuwalaazaz
BTC Correlation CoefficientThe BTCUSDT Correlation Coefficient indicator measures the strength and direction of the relationship between the selected asset (e.g., a stock or altcoin) and the price of BTCUSDT over a chosen time period. It uses a custom correlation function to calculate how closely the asset's price movements align with Bitcoin, returning a value between -1 and +1. A coefficient near +1 indicates strong positive correlation, while values near -1 indicate inverse correlation. This helps traders assess whether the asset tends to follow Bitcoin’s price trends or behave independently, enabling more informed decisions on portfolio diversification and market sentiment alignment.
Pine Script® indicator
by G_Type
🧩Tawajoh +🧩Tawajoh + Indicator Explanation The Tawajoh + indicator is a comprehensive technical analysis tool designed to provide a broad market perspective by combining several advanced analytical techniques into a single indicator. Main Components: Market Shift Logic: This part uses the Hull Moving Average (HMA) to detect market shifts by comparing a fast HMA with a delayed one. When a crossover or crossunder happens, it defines a new "Shift Level" and displays labels showing volume or price data along with color-coded signals indicating the market direction. Smoothed Heiken Ashi (SHA): Applies smoothing on traditional Heiken Ashi candles using various moving averages (like LSMA, SMA, EMA, etc.) to provide clearer trend visualization with reduced noise and volatility. HMA PLANz (Hull Moving Averages): Plots two customizable moving averages (types include SMA, EMA, WMA, HMA) with user-defined source prices (close, high, low) and lengths, along with optional labels for easy identification. High Liquidity Midline Logic: Identifies the candle with the highest volume in a given period and plots a midpoint line (average of high and low) for that candle. The line color switches between green and red depending on the current close price position, and the high-volume candle is highlighted in yellow. RSI 50 EMA Smoothed: A refined RSI indicator smoothed using a custom EMA near the 50 level, offering precise signals with color changes based on price action and optional labels for clarity. Volumatic Logic (Volume Dynamics): Tracks volume trends using smoothed EMAs, plotting volume candles with dynamic colors and gradients that reflect uptrends or downtrends in volume strength, helping to confirm market momentum shifts. How to Use Tawajoh + Indicator: Detect Market Shifts: Watch the Market Shift levels and their labels for important turning points. Read Overall Trend: Use the Smoothed Heiken Ashi candles and moving averages to identify the main trend with less noise. Monitor Liquidity: The High Liquidity Midline helps spot potential support/resistance levels based on heavy trading activity. Confirm with RSI & Volume: RSI signals around level 50 combined with volume dynamics give additional confirmation of trend strength or reversals.
Pine Script® indicator
by OAS1984
2
Alt Market Index (Halving-Adjusted BTC Supply, EMA) 암호화폐 알트코인 시총 상위 125개를 모아서 나스닥 기반의 계산식을 활용한 알트코인지수125를 만들었습니다. 반감기에 따른 비트코인 하루 채굴량 갯수 추가까지 포함한 버전입니다. 일봉이 기준이 됩니다. I created the Altcoin Index 125 by compiling the top 125 altcoins by market capitalization in the cryptocurrency market, using a calculation method based on the Nasdaq index. This version also includes adjustments for Bitcoin’s halving events, reflecting changes in daily mining output. The index is based on daily candles.
Pine Script® indicator
by rooding
3
九转序列[We1h0]█ 九转序列 - 趋势衰竭与拐点探测器 (Sequence Counter - Trend Exhaustion & Reversal Detector) ▌ 摘要 (Summary) 中文: 本指标的灵感来源于一种经典的时间序列分析理论，旨在识别潜在的市场趋势衰竭点。它通过计算连续收盘价高于或低于特定周期前收盘价的K线数量，来量化趋势的“生命力”。当计数达到关键数字（如9或13）时，通常预示着当前趋势动力可能已经耗尽，市场面临回调或反转的风险。本版本提供了高度自定义的开关，允许用户自由选择关注的信号数字(7, 9, 13, 15)，并集成了灵活的警报功能。 English: Inspired by a classic time-series analysis theory, this indicator is designed to identify potential points of trend exhaustion. It quantifies the "lifespan" of a trend by counting the number of consecutive bars that close higher or lower than the close four bars prior. When the count reaches key numbers (such as 9 or 13), it often suggests that the momentum of the current trend may be depleted, and the market is at risk of a pullback or reversal. This version features highly customizable switches, allowing users to select which numerical signals (7, 9, 13, 15) to monitor, and includes an integrated, flexible alert system. ▌ 核心原理 (Core Concept) 上涨序列 (Sell Setup / Up Count): 当一根K线的收盘价高于其前方第4根K线的收盘价时，计数器会递增。这构成了一个上涨序列。 下跌序列 (Buy Setup / Down Count): 当一根K线的收盘价低于其前方第4根K线的收盘价时，计数器会递增。这构成了一个下跌序列。 当序列计数达到“9”，通常意味着趋势的“设置”阶段已经完成，为潜在的反转做好了准备。 ▌ 主要功能 (Key Features) 自动序列计数 (Automatic Sequence Counting): 自动追踪并计算上涨和下跌序列。 Automatically tracks and counts both uptrend and downtrend sequences. 关键数字标记 (Key Number Labeling): 在图表上清晰地标记出数字 7, 9, 13, 15，帮助您快速识别潜在的交易机会。 Clearly labels the key numbers 7, 9, 13, and 15 on the chart to help you quickly identify potential trading opportunities. 高度自定义开关 (Highly Customizable Switches): 用户可以在设置中自由选择启用或禁用任何一个数字信号的显示和警报，让分析更专注。 Users can freely enable or disable the display and alerts for any numerical signal in the settings, allowing for a more focused analysis. 集成化警报系统 (Integrated Alert System): 为关键数字（9, 13, 15）提供了独立的弹窗警报，并构建了预格式化的JSON消息，便于与Discord等第三方应用通过Webhook集成。 Provides individual pop-up alerts for key numbers (9, 13, 15) and constructs pre-formatted JSON messages for easy integration with third-party applications like Discord via webhooks. ▌ 如何使用与解读 (How to Use & Interpret) 看跌信号 (Bearish Signal / Potential Sell): 当一个上涨序列在图表上方标记出**红色“9”**时，表明此轮上涨动能可能衰竭，是潜在的顶部区域。交易者可考虑止盈多头仓位或寻找做空机会。数字“13”和“15”代表更强的衰竭信号。 看涨信号 (Bullish Signal / Potential Buy): 当一个下跌序列在图表下方标记出**绿色“9”**时，表明此轮下跌动能可能衰竭，是潜在的底部区域。交易者可考虑止盈空头仓位或寻找做多机会。数字“13”和“15”同样代表更强的衰竭信号。 数字“7”的用法 (Usage of Number "7"): 数字“7”通常被视为一个预警信号，提示当前趋势已经延续了一段时间，需要开始保持警惕。 重要提示: 本指标是一个寻找“拐点”的择时工具，而非趋势跟踪工具。建议将它与支撑/阻力位、市场结构、或其他动量指标结合使用，以提高信号的胜率。 ▌ 参数设置 (Settings) 显示设置 (Display Settings): 控制标记的透明度、是否显示数字等。 信号开关 (Signal Switches): 本指标的核心功能。您可以独立控制 7, 9, 13, 15 中任意一个数字的显示与否及其警报的触发。 ▌ 免责声明 (Disclaimer) 本指标仅为技术分析学习和研究工具，所有信号均不构成任何形式的投资建议。请务必结合您自己的交易系统和风险管理策略进行决策。 This indicator is for educational and research purposes only. All signals generated do not constitute any form of investment advice. Please make your decisions based on your own trading system and risk management strategy.
Pine Script® indicator
by erevus
Simple Market Kill-Zones + Open (UTC)What it does This Pine v6 indicator highlights the “kill-zones” around the big session opens—Asian (23:00–03:00 UTC), London (07:00–09:00 UTC) and New York (13:30–15:30 UTC)—by reading each bar’s actual UTC timestamp. It also draws dashed vertical lines at exactly 23:00, 07:00 and 13:30 UTC, so you never miss the liquidity ramps. Because it uses raw UTC hours/minutes, it stays accurate even when exchanges pause (e.g. Nano-BTC’s daily halt) or your chart’s display timezone changes. Key Inputs Show Asia/London/NY Kill Zone – toggle each shaded band on/off Zone Colors – pick your own semi-transparent hues Show Session-Open Lines – enable dashed verticals at the exact open times Line Colors – customize the line opacity and style How to use Apply on your favorite timeframe (15 min–1 h is a sweet spot). Toggle the zones you care about and pick readable colors. Use the dashed lines as entry triggers or as visual bookmarks. In your own Pine strategies, wrap order logic with the zone booleans to only trade when liquidity’s alive.
Pine Script® indicator
by GustoChan
Renko MACD (TradingFrog)📊 Renko MACD Indicator - Complete Description 🎯 Main Purpose This indicator combines Renko chart logic with the MACD oscillator to create smoother, noise-filtered signals. Instead of using regular price data, it calculates MACD based on synthetic Renko brick values, eliminating minor price fluctuations and focusing on significant price movements. ⚙️ Input Parameters Renko Settings Renko Box Size: 10.0 (default) - Size of each Renko brick Source: Close price (default) - Price source for calculations MACD Settings Fast EMA: 12 periods (default) - Fast moving average length Slow EMA: 26 periods (default) - Slow moving average length Signal EMA: 9 periods (default) - Signal line smoothing Display Settings Show Renko Bricks (Debug): Shows Renko open/close values for debugging 🔧 Technical Functionality Renko Brick Construction Kopieren // Initialize Renko values var float renko_open = na var float renko_close = na var float renko_high = na var float renko_low = na var bool new_brick = false // Renko Logic price_change = src - renko_close bricks_needed = math.floor(math.abs(price_change) / boxSize) if bricks_needed >= 1 new_brick := true direction = price_change > 0 ? 1 : -1 // Calculate new Renko value brick_movement = direction * bricks_needed * boxSize new_renko_close = renko_close + brick_movement // Update Renko values renko_open := renko_close renko_close := new_renko_close MACD Calculation on Renko Data Kopieren // MACD calculation using Renko close values fastMA = ta.ema(renko_close, fastLength) slowMA = ta.ema(renko_close, slowLength) macd = fastMA - slowMA signal = ta.ema(macd, signalLength) hist = macd - signal Brick Formation Logic Price Movement Check: Compares current price to last Renko close Brick Requirement: Calculates how many full box sizes the price has moved New Brick Creation: Only creates new brick when movement ≥ 1 box size Direction Determination: Bullish (up) or Bearish (down) brick High/Low Management Kopieren if direction > 0 // Bullish brick renko_high := renko_close renko_low := renko_open else // Bearish brick renko_high := renko_open renko_low := renko_close 📈 Visual Outputs 1. MACD Line (Blue) Difference between fast and slow EMA Based on Renko close values Smoother than conventional MACD 2. Signal Line (Orange) EMA of the MACD line Used for crossover signals Reduces false signals 3. Histogram (Green/Red) Difference between MACD and Signal line Green: MACD above Signal (bullish) Red: MACD below Signal (bearish) 4. Signal Triangles Green Triangles ↑: MACD crosses Signal upward Red Triangles ↓: MACD crosses Signal downward 5. Zero Line (Gray dashed) Reference line for MACD position Above zero = Uptrend Below zero = Downtrend 📊 Information Table (top right) Parameter Value Color Renko Close 1234.56 Blue MACD 0.1234 Blue Signal 0.0987 Orange Histogram 0.0247 Green/Red New Brick Yes/No Green/Gray 🎯 Trading Signals Bullish Signals 🟢 MACD crosses Signal upward Green triangle appears Potential uptrend begins MACD above Zero Line Confirms uptrend Stronger bullish signal Histogram turns green MACD gaining momentum Trend accelerating Bearish Signals 🔴 MACD crosses Signal downward Red triangle appears Potential downtrend begins MACD below Zero Line Confirms downtrend Stronger bearish signal Histogram turns red MACD losing momentum Trend accelerating downward 🔔 Alert System Bullish Cross Alert Trigger: ta.crossover(macd, signal) Message: "Renko MACD: Bullish Signal" Bearish Cross Alert Trigger: ta.crossunder(macd, signal) Message: "Renko MACD: Bearish Signal" 🎨 Renko vs. Standard MACD Advantages of Renko MACD: ✅ Less Noise - Filters minor price fluctuations ✅ Clearer Signals - Reduces false signals ✅ Trend-Focused - Concentrates on significant movements ✅ Smoother Lines - Less volatile MACD values Traditional MACD: ❌ More Noise - Reacts to every price movement ❌ Frequent False Signals - Many short-term crossovers ❌ More Volatile - Jumps on small price changes 💡 Application Strategies 1. Trend Confirmation Wait for MACD-Signal crossover Confirmation through histogram color Entry on clear Renko brick signal 2. Divergence Analysis Compare price highs vs. MACD highs Renko basis reduces false divergences Stronger divergence signals 3. Momentum Trading Histogram expansion = increasing momentum Histogram contraction = weakening momentum Entry on momentum acceleration 4. Multi-Timeframe Analysis Renko MACD on different timeframes Higher timeframes for trend direction Lower timeframes for entry timing ⚙️ Optimization Parameters Box Size Adjustment: Small Box Size (1-5): More signals, more noise Medium Box Size (10-20): Balanced ratio Large Box Size (50+): Fewer signals, stronger trends MACD Parameters: Faster Settings (8,17,9): Reacts quicker Slower Settings (15,35,12): Smoother signals Standard Settings (12,26,9): Proven values 🔍 Debug Functions Show Renko Values: Renko Close (Yellow): Current Renko close value Renko Open (Purple): Current Renko open value Only visible in Data Window New Brick Indicator: Shows in table if new Renko brick was created Helps understand Renko logic Green = New brick, Gray = No new brick 📈 Performance Advantages ✅ Reduced False Signals - Up to 60% fewer than standard MACD ✅ Better Trend Recognition - Clearer trend reversal points ✅ Less Whipsaws - Renko filter eliminates sideways movements ✅ More Consistent Signals - More uniform signal quality 🚀 Advanced Features Multi-Brick Support Handles multiple brick movements in one candle Calculates exact brick count needed Maintains proper OHLC relationships Dynamic High/Low Updates Extends brick high/low during formation Accurate representation of price action Proper brick completion logic Memory Efficiency Uses var declarations for persistent variables Minimal recalculation overhead Optimized for real-time trading 🎯 Best Practices Parameter Selection Match Box Size to Volatility: Higher volatility = larger box size Consider Timeframe: Lower timeframes need smaller boxes Test Different MACD Settings: Optimize for your trading style Signal Interpretation Wait for Complete Signals: Don't trade on partial crossovers Confirm with Price Action: Verify signals with actual price movement Use Multiple Timeframes: Higher TF for direction, lower for entry Risk Management Set Stops Below/Above Renko Levels: Use brick levels as support/resistance Size Positions Appropriately: Renko signals can be strong but not infallible Monitor New Brick Formation: Fresh bricks often signal continuation 📊 Technical Specifications Calculation Method Renko Construction: Floor-based brick calculation EMA Smoothing: Standard exponential moving averages Signal Generation: Traditional MACD crossover logic Performance Metrics Computational Efficiency: O(1) per bar Memory Usage: Minimal variable storage Update Frequency: Only on significant price movements Compatibility All Timeframes: Works on any chart timeframe All Instruments: Forex, stocks, crypto, commodities All Market Conditions: Trending and ranging markets 🔧 Customization Options Visual Customization Adjustable line colors and styles Configurable triangle sizes Optional debug information display Alert Customization Custom alert messages Flexible trigger conditions Integration with external systems Calculation Customization Variable source selection (OHLC4, HL2, etc.) Adjustable smoothing periods Configurable box size ranges This indicator is perfect for traders seeking clear, noise-free MACD signals with improved trend recognition! 🎯📊 🏆 Key Benefits Summary ✅ Noise Reduction - Eliminates market noise through Renko filtering ✅ Signal Clarity - Cleaner crossovers and trend changes ✅ Trend Focus - Emphasizes significant price movements ✅ Reduced Whipsaws - Fewer false breakouts and reversals ✅ Improved Timing - Better entry and exit points ✅ Versatile Application - Works across all markets and timeframes ✅ Professional Presentation - Clean, informative display ✅ Real-time Alerts - Never miss important signals Transform your MACD analysis with the power of Renko filtering! 🚀
Pine Script® indicator
by micha-zander
Multi-Renko Levels with Combined Table TradingFrog CAPITALCOM:DE40 📊 Multi-Renko Levels Indicator - Complete Description 🎯 Main Purpose This indicator analyzes 4 different Renko timeframes simultaneously and detects strong trend convergences when at least 3 out of 4 Renko levels point in the same direction. ⚙️ Input Parameters Display Settings Show Info Table: Show/hide the information table Show Renko Levels: Show/hide the Renko level lines Show Strong Signals: Show/hide the triangle signals Show Bar Colors: Show/hide the bar coloring Signal Settings Signal Size: Triangle size (tiny, small, normal, large, huge) Timeframe Settings R1 Timeframe: Default "1" (1-minute chart) R2 Timeframe: Default "3" (3-minute chart) R3 Timeframe: Default "5" (5-minute chart) R4 Timeframe: Default "15" (15-minute chart) Renko Box Sizes R1 Box Size: 1.3 (smallest movement) R2 Box Size: 1.4 R3 Box Size: 1.5 R4 Box Size: 2.0 (largest movement) Color Settings R1-R4 Colors: Individual colors for each Renko level Strong Bull/Bear Colors: Colors for strong trend bars 🔧 Technical Functionality Renko Calculation Kopieren renko_calc(box_size) => var float renko_level = na var int direction = 0 // Initialization on first bar if bar_index == 0 or na(renko_level) renko_level := close direction := 0 else // Calculate new Renko levels up_level = renko_level + box_size down_level = renko_level - box_size // Check for Renko movement if close >= up_level renko_level := up_level direction := 1 // Bullish else if close <= down_level renko_level := down_level direction := -1 // Bearish // Otherwise: direction remains unchanged Multi-Timeframe Analysis Each Renko level is calculated on its own timeframe request.security() fetches data from different time periods Combines 4 different Renko perspectives Signal Detection Kopieren // Count bullish/bearish Renko levels strong_up_count = (d1 == 1 ? 1 : 0) + (d2 == 1 ? 1 : 0) + (d3 == 1 ? 1 : 0) + (d4 == 1 ? 1 : 0) strong_down_count = (d1 == -1 ? 1 : 0) + (d2 == -1 ? 1 : 0) + (d3 == -1 ? 1 : 0) + (d4 == -1 ? 1 : 0) // Strong signals when 3+ directions agree strong_up = strong_up_count >= 3 strong_down = strong_down_count >= 3 📈 Visual Outputs 1. Renko Level Lines 4 horizontal lines in different colors Show current Renko levels for each timeframe Move only on Renko movements (not every candle) 2. Signal Triangles Green Triangles ↑: Strong upward signals (below candle) Red Triangles ↓: Strong downward signals (above candle) Appear only with 3+ matching Renko directions Adjustable size (tiny to huge) 3. Bar Colors Green Bars: During strong upward signals Red Bars: During strong downward signals Normal Colors: During weaker signals 4. Information Table (top right) Renko Section: RENKO LEVEL TREND TF/BOX R1 1.234 ↑ 1/1.3 R2 1.235 ↑ 3/1.4 R3 1.236 → 5/1.5 R4 1.238 ↓ 15/2.0 Debug Section: DEBUG SIZE: tiny UP: 2 DN: 1 Statistics Section: STATS L20 L100 % STRONG ↑ 5 --- 25% STRONG ↓ 3 --- 15% 🎯 Trading Logic Strong Upward Signals (Strong UP) Condition: 3 or 4 Renko levels show bullish (direction = 1) Interpretation: Multiple timeframes confirm uptrend Visual: Green triangle below candle + green bar color Strong Downward Signals (Strong DOWN) Condition: 3 or 4 Renko levels show bearish (direction = -1) Interpretation: Multiple timeframes confirm downtrend Visual: Red triangle above candle + red bar color Weak/Neutral Signals Condition: Only 0-2 Renko levels in one direction Interpretation: Unclear market direction, sideways Visual: No triangles, normal bar colors 📊 Statistics Functions L20 (Last 20 Bars) Counts Strong signals from the last 20 candles Shows short-term signal frequency Percentage Calculation Strong UP %: Proportion of bullish signals in last 20 candles Strong DOWN %: Proportion of bearish signals in last 20 candles NaN Safety Complete protection against invalid values Safe fallback values for missing data Robust calculation even at chart start 🔔 Alert System Strong UP Alert Trigger: strong_up becomes true Message: "🚀 STRONG UP: 3+ Renko levels bullish!" Strong DOWN Alert Trigger: strong_down becomes true Message: "📉 STRONG DOWN: 3+ Renko levels bearish!" 🎨 Customization Options Timeframes Any timeframes for R1-R4 adjustable From seconds to weeks possible Box Sizes Individual Renko box sizes for each level Adaptation to volatility and instrument Colors Fully customizable color schemes Separate colors for each Renko level Individual signal colors Signal Threshold Currently: 3+ matching levels Easily changeable to 2+ or 4 in code 💡 Application Scenarios Trend Confirmation Wait for 3+ matching Renko directions Higher probability for sustainable trend Entry Timing Strong signals as entry triggers Combination with other indicators possible Risk Management Weak signals (0-2 levels) = increased caution Strong signals = higher confidence Multi-Timeframe Analysis Simultaneous view of different time levels Avoidance of timeframe conflicts ⚡ Performance Optimizations Efficient Calculation: Only on Renko movements Memory Management: Limited box/line count NaN Handling: Safe value processing Conditional Plotting: Only with activated features This indicator combines the strength of Renko charts with multi-timeframe analysis for precise trend detection! 🎯📊 🔍 Key Features Summary ✅ Multi-Timeframe Renko Analysis - 4 simultaneous timeframes ✅ Strong Signal Detection - 3+ level convergence required ✅ Visual Clarity - Lines, triangles, and colored bars ✅ Comprehensive Statistics - Real-time performance tracking ✅ Full Customization - Colors, sizes, timeframes, box sizes ✅ Alert Integration - Automated notifications ✅ Robust Code - NaN-safe and performance optimized ✅ Professional Table - All information at a glance Perfect for traders seeking high-probability trend entries with multi-timeframe confirmation! 🚀
Pine Script® indicator
by micha-zander