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Machine Learning + IchimokuIchimoku Cloud + Machine Learning Levels is an advanced indicator that merges a classic trend tool with machine-learned supply & demand zones. Combining the two can help traders identify trends and key price zones with greater confidence when both signals align! How it Works The Ichimoku Cloud component identifies the trend direction and momentum at a glance – it shows support/resistance areas via its cloud (Kumo) and signals potential trend changes when the Tenkan-sen and Kijun-sen lines cross. Meanwhile, the Machine Learning module analyzes historical price data to project potential support and resistance levels (displayed as horizontal lines) that the algorithm deems significant. By combining these, the script offers a two-layer confirmation: Ichimoku outlines the broader trend and equilibrium, while the ML levels pinpoint specific price levels where the price may react. For example, if price is above the Ichimoku Cloud (uptrend) and also near an ML-predicted support, the confluence of these signals strengthens the case for a bounce. How to Use Apply the indicator to a chart like any other TradingView script. It works on multiple asset classes (see supported list below). Once added: Ichimoku Lines Tenkan-sen (Blue): Short-term average reflecting recent highs/lows. Kijun-sen (Red): Medium-term baseline for support/resistance. Senkou Span A (Green) & Senkou Span B (Orange) form the “Cloud” (Kumo). Price above the Cloud often signals a bullish environment; price below it can signal a bearish environment. Chikou Span (Purple): Plots current closing price shifted back, helping gauge momentum vs. past price. ML-Predicted Support/Resistance Lines (Green/Red Horizontal Lines) Green Horizontal Lines – Potential support zones. Red Horizontal Lines – Potential resistance zones. These dynamically adjust based on the specific asset and are updated as new historical data becomes available. Password (for Advanced Features) In the indicator’s Settings, there is an input field labeled “Password.” The password corresponds to the ticker(s) listed below. Stocks TSLA, NVDA, AAPL, AMZN, PLTR, AMD, META, MSFT, MSTR, GOOG, GME, COIN, NFLX, BABA, UBER, HOOD, NKE Cryptocurrencies ETH, BTC, SOL, BNB, XRP, ADA, DOT, DOGE, LTC, JUP, LINK, INJ, FET, SAND, HBAR, TRX, SHIB, UNI (If you attach the indicator to any unlisted ticker, you will only see the Ichimoku Cloud.) Why It’s Unique This script is a fresh take on market analysis – it’s original in fusing Ichimoku’s visual trend mapping with machine learning. The Ichimoku framework provides time-proven trend insight, and the ML levels add forward-looking context specific to each asset. By uniting them, the indicator aims to filter out false signals and highlight high-probability zones. No repainting occurs: Ichimoku values are based on closed data, and ML levels are computed from historical patterns (they do not retroactively change). Ichimoku Cloud + Machine Learning Levels offers an informative blend of old and new analysis techniques. It clearly shows where price is relative to trend (via Ichimoku) and where it might react in the future (via ML levels). Use it to gain a richer view of the market’s behavior. I hope this indicator provides valuable insights for your trading decisions. Happy trading!
Pine Script™ indicator
by Jonlabriola
Double Bollinger Bands Strategy with Signals (By Rolwin)This Double Bollinger Bands Strategy identifies high-probability trading opportunities by using two sets of Bollinger Bands (2 standard deviations & 3 standard deviations). The strategy enters long trades when price crosses above the lower 3SD band and short trades when price crosses below the upper 3SD band. Exits occur at the 2SD bands, ensuring a structured risk-reward approach. It includes visual buy/sell signals, dynamic band plotting, and candle coloring when price touches extreme volatility levels, making it effective for trend and mean-reversion trading.
Pine Script™ strategy
by rolwindepano
Liquidity + Fearzone + GreedZone [Combined]The Liquidity-Based Fear and Greed Indicator is a market sentiment tool designed to gauge investor behavior by analyzing liquidity trends. It tracks the balance between fear (low liquidity, risk aversion, and selling pressure) and greed (high liquidity, risk appetite, and buying momentum) in financial markets. By assessing factors such as trading volume, cash flow, and asset availability, the indicator provides a dynamic snapshot of whether market participants are driven by caution or exuberance, helping investors make informed decisions.
Pine Script™ indicator
by WiehanKallmeyer
QuantaFlux MomentumQuantaFlux Momentum is a powerful, multi-factor indicator-strategy designed to capture robust market trends while filtering out noise. Here’s what it offers: Pivot-Based Slope Lines Identifies swing highs/lows and projects dynamic trendlines to spot breakout signals. ADX & DI Tracking Confirms trend strength using classic DI+ (green), DI− (red), and ADX threshold. Includes divergence signals when DI+ and DI− cross. MomentumFlow Engine Employs MFI/RSI and ATR logic to issue momentum-based buy/sell signals. Adjustable cooldown prevents rapid, back-to-back signals. Z-Score Reversal Alerts Detects extremes (overbought/oversold) in price distribution. Issues additional buy/sell signals at statistical outlier zones. Customizable Filters MA Filter: Only trade with the short-term MA above/below the long-term MA. RSI Filter: Optional requirement for RSI > 50 (longs) or < 50 (shorts). ADX Rising: Demands ADX to be rising for stronger trend conviction. Adaptive Trade Management Partial Profits: Lock in gains early with ATR-based targets. Trailing Stop: Protect the remainder of your position as price moves. Time-Based Exit: Closes trades automatically after a user-defined number of bars. Composite vs. Independent Mode Combine signals (MomentumFlow, Z-Score, and Slope Breaks) for more robust confirmations. Or act on any single signal independently for more frequent trades. Bonus Features Comprehensive Info Table (top-right) showing RSI, MACD, DI+, DI−, Z-Score, MAs, and ADX at a glance. RSI Trend Insight: Classifies RSI movement over a short lookback as rising, falling, or neutral. Price Action Trend: Highlights Uptrend, Downtrend, or No Clear Trend based on multiple conditions.
Pine Script™ strategy
by sfbayman
Fortune Signal & Hilega Milega + CPR & VWAPFortune Signal & Hilega Milega + CPR & VWAP Indicator 🚀 Overview This all-in-one indicator combines multiple powerful trading tools to help traders make informed decisions. It includes CPR levels, VWAP, Supertrend, Fortune Signal, Hilega Milega, and EMA-based signals, making it ideal for intraday and swing trading. Features ✅ CPR (Central Pivot Range): Identifies key support & resistance zones. ✅ VWAP (Volume Weighted Average Price): Helps track the average price weighted by volume. ✅ Supertrend Indicator: Identifies trend direction and changes, with candles turning green for buy and red for sell. ✅ Fortune Signal: Uses 9 EMA & 21 EMA crossovers with RSI confirmation to generate buy/sell signals. ✅ Hilega Milega: Combines Supertrend & MACD crossovers to highlight possible trend reversals. ✅ EMA (20, 50, 200): Tracks trend strength and support/resistance levels. ✅ Buy/Sell Signals: Generated using multiple confirmations like EMA crossovers and VWAP crossovers. How to Use 📌 Buy Signal: Green arrow appears below the candle when conditions are met. 📌 Sell Signal: Red arrow appears above the candle when conditions are met. 📌 Supertrend Confirmation: Green background for uptrend, red background for downtrend. Best For 🔹 Intraday Traders 🔹 Swing Traders 🔹 Price Action & Trend Followers 💡 Tip: Use this indicator along with volume and price action for better accuracy! 🚀
Pine Script™ indicator
by amit_syas
2
AROMA OF INDIA avatar Protradex_byBH Online Followers 24 Following 12 Ideas 0 Scripts 0 since Mar 11, 2023 Search Scripts AROMA of INDIA Protradex_byBH Protradex_byBH Jan 28 AROMA OF INDIA is an advanced and versatile TradingView indicator designed for traders aiming to improve their decision-making with precise entry, exit, and risk management signals. This tool combines multiple technical analysis methodologies to offer a comprehensive trading framework for various market conditions. Key Features: 1. EMA and Trend... Protradex By BH Protradex_byBH Protradex_byBH Jan 3 ProTradex by BH is an advanced and versatile TradingView indicator designed for traders aiming to improve their decision-making with precise entry, exit, and risk management signals. This tool combines multiple technical analysis methodologies to offer a comprehensive trading framework for various market conditions. Key Features: 1. EMA and Trend... ProtradexBH Protradex_byBH Protradex_byBH Sep 17, 2024 conditions. Signal Generation: Buy and sell signals are generated based on a combination of moving average crossovers, RSI readings, and Fibonacci retracement levels, providing a comprehensive view of market conditions. Real-Time Feedback: The script offers clear visual aids and real-time updates, making it easy for traders to stay informed about their trades... ProTradex by BH Protradex_byBH Protradex_byBH Sep 4, 2024 Introduction: The "ProTradex" strategy by BH is a sophisticated trading tool designed to offer traders a comprehensive and adaptable approach to market analysis. This script integrates multiple well-known technical indicators into a unique strategy that balances trend detection, risk management, and momentum analysis. ProTradex is crafted specifically for Forex,... ProTradex by BH Protradex_byBH Protradex_byBH Aug 31, 2024 The "ProTradex" strategy which is developed by "BH" is a versatile and comprehensive trading tool designed for traders who want to incorporate multiple technical indicators into their decision-making process. This strategy blends the power of exponential moving averages (EMA), Average True Range (ATR), RSI, Fibonacci retracement levels, standard deviation zones,... Love in every #TradingView 100M+ Traders and investors use our platform. #1 Top website in the world when it comes to all things investing. 1.5M+ Mobile reviews with 4.9 average rating. No other fintech apps are more loved. 10M+ Custom scripts and ideas shared by our users. 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Copyright © 2025 FactSet Research Systems Inc. © 2025 TradingView, Inc. Close ad Close Jan 28 AROMA of INDIA Manage access 0 Remove from favorites 28 AROMA OF INDIA is an advanced and versatile TradingView indicator designed for traders aiming to improve their decision-making with precise entry, exit, and risk management signals. This tool combines multiple technical analysis methodologies to offer a comprehensive trading framework for various market conditions. Key Features: 1. EMA and Trend Analysis: Utilizes a 50-period EMA for trend confirmation. Identifies uptrends and downtrends using a simple moving average crossover logic for improved signal accuracy. 2. ATR-Based Risk Management: Dynamically calculates Stop Loss and Take Profit levels using Average True Range (ATR). Offers customizable ATR multipliers for tailored risk-reward ratios. 3. RSI for Momentum Analysis: Includes a 14-period RSI with overbought (70) and oversold (30) levels. Provides visual insights into potential reversals or continuation opportunities. 4. Fibonacci Retracement Levels: Automatically plots Fibonacci levels based on recent high and low price ranges. Assists in identifying key support and resistance zones for entry and exit points. 5. Cloud Filter: Multi-period EMA-based cloud provides additional trend clarity and market sentiment. 6. Standard Deviation Zones (SD Zones): Identifies potential overextension with upper and lower deviation bands for mean reversion setups. 7. Visualized Entry and Exit Levels: Entry price, Stop Loss, and two Take Profit levels are plotted on the chart with clear labels and lines. Enhances trade visualization for better execution. 8. Signal Highlighting: BUY and SELL signals are displayed using arrows for easy identification. Background color changes to reflect the current trend direction. 9. Customizable Inputs: Fully adjustable settings for EMA periods, ATR multipliers, RSI levels, and more to suit different trading styles and instruments. 10. Interactive Tables: Real-time display of key metrics such as Entry, Stop Loss, Take Profits, and RSI in intuitive table formats.
Pine Script™ indicator
by AROMAofIndia
Profit Hunter @DaviddTechProfit Hunter @DaviddTech is an advanced multi-strategy indicator designed to give traders a significant edge in identifying high-probability trading opportunities across all market conditions. By combining the power of T3 adaptive moving averages, ADX-based trend strength analysis, SuperTrend trailing stops, and dynamic support/resistance detection, this indicator delivers a complete trading system in one powerful package. ## 📊 Recommended Usage Timeframes: Most effective on 1H, 4H, and Daily charts for swing trading; 5M and 15M for day trading Markets: Works across all markets including Forex, Crypto, Indices, and Stocks Setup Guidelines: Look for T3 crossovers with strong ADX readings (>25) coinciding with breakout signals (yellow dots/red crosses) near key support/resistance levels for highest probability entries ## 🔥 Key Features: ### T3 Adaptive Trend Detection: Utilizes premium T3 adaptive indicators instead of standard EMAs for superior smoothing and accuracy Dynamic color-shifting cloud formation between fast and slow T3 lines reveals immediate trend direction Proprietary transparency algorithm intensifies cloud colors during strong trends based on real-time ADX readings ### Advanced Support & Resistance Mapping: Automatically identifies and marks key market structure levels during T3 crossovers Dynamic horizontal level plotting with optional extension for monitoring future price interactions Intelligent level validation - converts to dotted lines when price breaks through, maintaining visual clarity ### SuperTrend Trailing Stoploss System: Professional-grade white trailing stop indicator adapts to market volatility using ATR calculations Generates precise entry and exit signals with optional buy/sell labels at critical reversal points Visual trend state highlighting for immediate assessment of current market position ### Breakout Detection & Confirmation: Sophisticated dual-algorithm breakout system combining Bollinger Bands and Keltner Channels Visual breakout alerts with yellow dots (bullish) and red crosses (bearish) for instant pattern recognition Validates breakouts against T3 trend direction to minimize false signals ### Alpha Edge Color System: Utilizes DaviddTech's signature color scheme with bullish green and bearish pink Revolutionary transparency algorithm translates ADX readings into precise visual intensity Higher ADX values produce more vivid colors, instantly communicating trend strength without additional indicators ## 💰 Trading Applications: Alpha Discovery: Identify emerging trends before the majority of market participants Precision Entry/Exit: Use SuperTrend signals combined with support/resistance levels for optimal trade execution Risk Management: Set stops based on the white trailing stoploss line for mathematically-optimized protection Trend Confirmation: Validate setups using the T3 cloud direction and ADX-based intensity Breakout Trading: Capture explosive moves with confirmed Bollinger/Keltner breakout signals Swing Position Management: Monitor extended support/resistance levels for multi-day positioning ## ✨ Strategy Example As shown in the chart image, ideal entries occur when: The T3 cloud turns bullish (green) or bearish (pink) with strong color intensity A yellow dot (bullish) or red cross (bearish) breakout signal appears Price respects the white SuperTrend line as support/resistance The trade aligns with key horizontal support/resistance levels identified by the indicator ## 📝 Attribution This indicator builds upon and enhances concepts from: Market Trend Levels Detector by BigBeluga (support/resistance detection framework) T3 indicator implementation by DaviddTech (adaptive moving average system) Average Directional Index (ADX) methodology for trend strength measurement Profit Hunter @DaviddTech represents the culmination of advanced technical analysis methodologies in one seamless system.
Pine Script™ indicator
by daviddtech
41
🐋Parabolic SAR (V1.0)This script provides an enhanced implementation of the Parabolic SAR (Stop and Reverse) indicator, a popular tool for identifying potential trend reversals in financial markets. The script incorporates additional features for improved usability and trading decision-making: Key Features: Customizable Parameters: Initial Acceleration Factor: Start value for the SAR calculation. Increment: Step value that increases the SAR during a trend. Maximum Acceleration Factor: Cap for the SAR to prevent over-adjustment. Buy & Sell Signals: Buy Signal: Triggered when the price crosses above the SAR. Sell Signal: Triggered when the price crosses below the SAR. Signals are displayed as visually intuitive labels ("Buy" and "Sell") on the chart. Alerts Integration: Configurable alerts for buy and sell signals, allowing users to stay informed without actively monitoring the chart. Dynamic Candle Coloring: Candlesticks are dynamically colored based on the most recent signal: Green: Buy signal (bullish trend). Red: Sell signal (bearish trend). Elegant SAR Plot: The SAR is plotted as cross-style markers with a visually appealing magenta color. How to Use: Adjust the Initial Acceleration Factor, Increment, and Maximum Acceleration Factor in the input settings to match your trading style. Enable alerts to receive notifications when buy or sell signals are generated. Use the colored candlesticks as an additional confirmation tool to visualize market trends directly on the chart.
Pine Script™ indicator
by WhaleMoves
Gabriel's Global Market CapGabriel's Global Market Cap is a comprehensive financial indicator designed to track and analyze the total market capitalization across multiple asset classes. It incorporates various financial markets, including stocks, bonds, real estate, cryptocurrencies, commodities, derivatives, private equity, insurance, OTC markets, and natural resources, to provide a holistic view of global market dynamics. This indicator integrates Ehlers' Adaptive Dominant Cycle Detection and a custom VIX formula to adjust market values based on volatility and volume fluctuations, allowing for a more refined understanding of market conditions. Key Features ✅ Multi-Market Analysis – Tracks 10+ global financial sectors, each represented by a key ETF or index. ✅ Normalization & Readability – Converts market cap values into an easy-to-read format (Millions, Billions, Trillions, Quadrillions). ✅ Volatility & Volume Adjustments – Optional VIX-based smoothing and relative volume adjustment for more dynamic readings. ✅ Ehlers’ Cycle Detection – Utilizes dominant cycle length detection to uncover market rhythms and cyclic behavior. ✅ Risk Thresholds & Background Coloring – Identifies overbought and oversold conditions with cyclic bands and background shading. ✅ Customizable Inputs – Users can toggle different market categories on/off for focused analysis. ✅ Interactive Data Table – Displays real-time values for each asset class in a structured table format. Market Categories & Data Sources 📈 Global Stock Market – iShares MSCI ACWI ETF (ACWI) 💰 Global Bond Market – Vanguard Total World Bond ETF (BNDW) 🏡 Real Estate Market – iShares Global REIT ETF (REET) ₿ Cryptocurrency Market – Total Crypto Market Cap (CRYPTOCAP:TOTAL) 🌾 Commodities Market – Invesco DB Commodity Index Fund (DBC) 📊 Derivatives Market – CME Group (CME) 🏦 Private Equity & VC – ProShares Global Listed Private Equity ETF (PEX) 🛡️ Insurance Market – SPDR S&P Insurance ETF (KIE) 💹 OTC Markets – OTC Markets Group (OTCM) ⛽ Natural Resources – iShares Global Energy ETF (IXC) Technical Enhancements 1️⃣ Custom Volatility Index (VIX) Calculation (Work In Progress) Adjusts asset values based on volatility conditions using Ehlers' Cycle Detection. Higher VIX reduces market cap, while lower VIX stabilizes it. 2️⃣ Adaptive Market Normalization Converts absolute market values into a relative strength scale (0-100) for better visual analysis. Uses historical min/max values to adjust dynamically. 3️⃣ Cyclic Analysis & Overbought/Oversold Levels Detects hidden market rhythms & time cycles. Calculates upper and lower risk bands based on dominant cycle length. Applies background shading for visualizing low or high risk periods. Customization Options 🔧 Enable/Disable Market Categories – Select which asset classes to track. 📊 Toggle VIX & Volume Smoothing – Adjust how market cap reacts to volatility & volume. 🎨 Cyclic Risk Bands – Highlight overbought/oversold conditions with dynamic background colors. Visual Elements 📉 Market Cap Trends – Each category is plotted with a unique color. 🌎 Total Global Value (TGV) – A combined index representing all selected markets. 🎨 Background Coloring – Indicates high/low risk periods. 📋 Real-Time Data Table – Displays normalized & raw market cap values in an easy-to-read format. Practical Applications 📊 Macroeconomic Analysis – Track global liquidity and investment shifts across asset classes. 💹 Volatility & Risk Assessment – Identify high-risk market conditions based on cyclic behavior. 📈 Cross-Market Comparisons – See which sectors are leading or lagging in value growth. 🔍 Crypto & Stock Market Trends – Analyze how traditional and digital assets correlate.
Pine Script™ indicator
by OneWallStreetQuant
Strategy SuperTrend SDI WebhookThis Pine Script™ strategy is designed for automated trading in TradingView. It combines the SuperTrend indicator and Smoothed Directional Indicator (SDI) to generate buy and sell signals, with additional risk management features like stop loss, take profit, and trailing stop. The script also includes settings for leverage trading, equity-based position sizing, and webhook integration. Key Features 1. Date-based Trade Execution The strategy is active only between the start and end dates set by the user. times ensures that trades occur only within this predefined time range. 2. Position Sizing and Leverage Uses leverage trading to adjust position size dynamically based on initial equity. The user can set leverage (leverage) and percentage of equity (usdprcnt). The position size is calculated dynamically (initial_capital) based on account performance. 3. Take Profit, Stop Loss, and Trailing Stop Take Profit (tp): Defines the target profit percentage. Stop Loss (sl): Defines the maximum allowable loss per trade. Trailing Stop (tr): Adjusts dynamically based on trade performance to lock in profits. 4. SuperTrend Indicator SuperTrend (ta.supertrend) is used to determine the market trend. If the price is above the SuperTrend line, it indicates an uptrend (bullish). If the price is below the SuperTrend line, it signals a downtrend (bearish). Plots visual indicators (green/red lines and circles) to show trend changes. 5. Smoothed Directional Indicator (SDI) SDI helps to identify trend strength and momentum. It calculates +DI (bullish strength) and -DI (bearish strength). If +DI is higher than -DI, the market is considered bullish. If -DI is higher than +DI, the market is considered bearish. The background color changes based on the SDI signal. 6. Buy & Sell Conditions Long Entry (Buy) Conditions: SDI confirms an uptrend (+DI > -DI). SuperTrend confirms an uptrend (price crosses above the SuperTrend line). Short Entry (Sell) Conditions: SDI confirms a downtrend (+DI < -DI). SuperTrend confirms a downtrend (price crosses below the SuperTrend line). Optionally, trades can be filtered using crossovers (occrs option). 7. Trade Execution and Exits Market entries: Long (strategy.entry("Long")) when conditions match. Short (strategy.entry("Short")) when bearish conditions are met. Trade exits: Uses predefined take profit, stop loss, and trailing stop levels. Positions are closed if the strategy is out of the valid time range. Usage Automated Trading Strategy: Can be integrated with webhooks for automated execution on supported trading platforms. Trend-Following Strategy: Uses SuperTrend & SDI to identify trend direction and strength. Risk-Managed Leverage Trading: Supports position sizing, stop losses, and trailing stops. Backtesting & Optimization: Can be used for historical performance analysis before deploying live. Conclusion This strategy is suitable for traders who want to automate their trading using SuperTrend and SDI indicators. It incorporates risk management tools like stop loss, take profit, and trailing stop, making it adaptable for leverage trading. Traders can customize settings, conduct backtests, and integrate it with webhooks for real-time trade execution. 🚀 Important Note: This script is provided for educational and template purposes and does not constitute financial advice. Traders and investors should conduct their research and analysis before making any trading decisions.
Pine Script™ strategy
by erdas0
Upward Divergence with RSI ConfirmationThis indicator identifies upward divergences, signaling potential trend reversals from a downtrend to an uptrend. It combines price-action analysis with RSI confirmation to provide high-probability signals for upward momentum. Key Features: Divergence Detection: Captures key moments where downtrend weakness transitions into upward momentum. RSI-Based Filtering: Confirms signals using RSI exceeding a user-defined threshold, adding reliability to the signals. Customizable Parameters: Allows traders to adjust settings for downtrend length, RSI period, thresholds, and more. Visual Signals: Displays upward markers on the chart for easy identification of signals. Alert Ready: Includes real-time alert conditions to ensure you never miss a signal. How to Use: Add the indicator to your chart and configure the settings via the input menu. Look for visual markers (arrows) to identify potential trend reversals. Combine this indicator with other tools for a more robust trading strategy. This indicator is ideal for traders looking to enhance their analysis with RSI-confirmed divergence patterns, whether trading stocks, forex, or cryptocurrencies.
Pine Script™ indicator
by tvdsteam
PLN IndexThe "PLN Index" is a custom indicator developed for TradingView using Pine Script (version 6). It tracks the relative strength of the Polish Zloty (PLN) against a basket of four major currencies: the U.S. Dollar (USD), Swiss Franc (CHF), Euro (EUR), and British Pound (GBP), with each currency contributing an equal weight of 25%. Modeled after the Polish Zloty Index (PLN_I) concept, this indicator offers traders a tool to monitor PLN’s performance across various forex market conditions. How It Works The indicator fetches closing prices for the currency pairs USDPLN, CHFPLN, EURPLN, and GBPPLN from TradingView’s data provider (FX_IDC). These pairs represent the amount of PLN needed to purchase one unit of each respective foreign currency. To measure PLN’s strength, the script inverts these rates (e.g., PLNUSD = 1/USDPLN) and calculates the geometric mean of the resulting values using the formula geom_mean = (PLNUSD * PLNCHF * PLNEUR * PLNGBP)^(0.25). The result is then normalized to a base value of 100 at the first bar with complete data, allowing users to observe relative changes in PLN’s value over time. A rising index indicates PLN appreciation, while a falling index suggests depreciation against the basket. Key Features Data Inputs: Retrieves closing prices for USDPLN, CHFPLN, EURPLN, and GBPPLN on the selected timeframe. Calculation: Computes the geometric mean of the inverted exchange rates and normalizes it to 100 based on the first valid bar. Visualization: Plots the index as a blue line with a linewidth of 2 on a separate chart pane (non-overlay). Robust Normalization: Normalizes the index using the first bar where all data is available, improving reliability across different timeframes. Usage The PLN Index is useful for: Evaluating the Polish Zloty’s strength or weakness relative to a balanced currency basket. Identifying long-term trends or short-term shifts in PLN’s value for forex trading or economic analysis. Supporting technical analysis when paired with additional indicators, such as moving averages or oscillators. Limitations Data Dependency: The indicator relies on the availability of historical data for all four currency pairs. Missing data (e.g., on higher timeframes like D1 or W1) may prevent accurate plotting. Relative Normalization: Unlike the official PLN_I, which uses a fixed historical base date (e.g., January 2, 1984), this indicator normalizes to 100 at the first valid bar, making it a relative rather than absolute measure. Potential Data Gaps: On higher timeframes, inconsistencies or limited historical data from the FX_IDC provider may result in incomplete index values. Notes This version of the PLN Index includes an improved normalization method that sets the base value (100) at the first bar with valid data, enhancing its adaptability compared to earlier iterations. It performs best on timeframes up to H4, where data availability is generally consistent. For higher timeframes, users should verify data completeness to ensure reliable results.
Pine Script™ indicator
by pixdrzwi
Named SessionsShows London, New York and Tokyo sessions (and optionally Sydney). Beginner-friendly - shows names of sessions, not just colors Marks low and high of session Shows if session is currently open Session names can be customized Session label is placed above or below depending on price move during session, visually indicating the trend (also works during open session) Is displayed only on timeframes below 4H How it works Session trend is calculated simply by subtracting the session's opening price from the session's closing price (or current price if session is open). If there is a gap before the session, the previous close is used instead of the first candle's open price.
Pine Script™ indicator
by StefanReich
[TehThomas] - ICT VI / FVG / IFVG / Liquidity📌 Overview This TradingView indicator is designed to help traders spot key price inefficiencies and liquidity events based on ICT (Inner Circle Trader) concepts. The script automatically highlights important areas on the chart, such as Volume Imbalances (VI), Fair Value Gaps (FVG), Inverted Fair Value Gaps (IFVG), and Liquidity Sweeps, giving traders a clear view of where price might react. By marking these zones visually, the indicator serves as a liquidity map, showing where smart money could be targeting orders or rebalancing price action. 🔑 How the Script Works The indicator detects four major market inefficiencies and liquidity patterns, each offering valuable insights into how price might behave: 1️⃣ Volume Imbalance (VI) Bullish VI: When the current candle has higher volume than the previous candle in an upward move, this suggests demand is pushing the price up, creating potential buying opportunities. Bearish VI: When the current candle has higher volume than the previous candle in a downward move, this suggests supply is pushing the price down, highlighting potential selling opportunities. How to take trades: Buy: Enter a long position when a bullish VI appears and the price is near a support zone or key level (such as the previous swing low or FVG). Sell: Enter a short position when a bearish VI appears and the price is near a resistance zone or key level (such as the previous swing high or FVG). 2️⃣ Fair Value Gap (FVG) Bullish FVG: A gap in price action where the low of the second candle is higher than the high of the first candle. Price tends to return to fill these gaps before continuing upward. Bearish FVG: A gap in price action where the high of the second candle is lower than the low of the first candle. Price tends to return to fill these gaps before continuing downward. How to take trades: Buy: Enter long after a pullback into a bullish FVG zone and if price action shows signs of rejection (such as bullish candlestick patterns or strong momentum). Sell: Enter short after a pullback into a bearish FVG zone and if price action shows signs of rejection (such as bearish candlestick patterns or strong downward momentum). 3️⃣ Inverted Fair Value Gap (IFVG) An Inverted Fair Value Gap (IFVG) refers to a Fair Value Gap (FVG) that has already been filled or broken through by price action. Essentially, it is a gap that has been revisited by price and has now been mitigated or broken. Example: For Continuation: After price fills the gap, it may continue in the same direction. If price breaks through a bullish FVG and shows continuation, it may signal that the market is still in a strong uptrend. For Reversal: If the price returns to an inverted FVG after breaching it, and then starts showing signs of reversal (e.g., reversal candlestick patterns, or a shift in momentum), this could signal an entry point in the opposite direction. How to take trades: Buy: Consider entering long when price returns to an IFVG zone that aligns with other bullish confluences, such as a bullish VI or liquidity sweep. Sell: Consider entering short when price returns to a bearish IFVG zone that aligns with other bearish confluences, such as a bearish VI or liquidity sweep. 4️⃣ Liquidity Sweeps Liquidity sweeps occur when the market temporarily breaks a key high or low to trigger stop-loss orders or lure traders into the wrong direction before reversing. How to take trades: Buy: If a liquidity sweep breaks a key resistance or swing high but fails to close above it, enter long when price begins to reverse in the opposite direction, ideally near a previous support or FVG zone. Sell: If a liquidity sweep breaks a key support or swing low but fails to close below it, enter short when price begins to reverse in the opposite direction, ideally near a previous resistance or FVG zone. 🎯 Trade Setup and Confirmation Strategy Here’s how to combine these concepts for high-probability trade setups: Liquidity Sweeps + Volume Imbalances: If a liquidity sweep occurs in conjunction with a volume imbalance (especially on a higher timeframe), this can act as a confirmation signal to enter the trade. Example: A liquidity sweep breaks a previous high, but the price fails to close above it. If this happens alongside a break of a Volume imbalance (VI) , it could be a strong signal to sell. FVG/IFVG Mitigation + Liquidity Sweeps: Price often returns to mitigate imbalances, and when a liquidity sweep occurs near an unfilled gap, it could trigger a reversal. Example: After an upward trend, a bearish liquidity sweep breaks a previous swing low, and price then revisits a bearish FVG and creates an IFVG, signaling an opportunity to buy. Directional Bias (Higher Timeframe Analysis): Always consider the higher timeframe trend to confirm trade direction. A bullish FVG or bullish VI on the lower timeframe aligns with a bullish trend on the higher timeframe. Confluence with Key Levels: When these patterns align with important price levels such as support, resistance, or previously identified swing highs/lows, it enhances the probability of a successful trade. ⚙️ How It Helps in Trading Strategy The indicator assists in several aspects of trading: Liquidity Hunts: Price often sweeps liquidity before making major moves. Entry Confirmation: Use imbalances or sweeps as extra confluence for trade entries. Mitigation Zones: Price frequently returns to fill inefficiencies before reversing. Directional Bias: Bullish or bearish gaps align with the higher timeframe narrative. 🔍 ICT Concepts Included ✅Volume Imbalance (VI): High-volume inefficiencies. ✅Fair Value Gap (FVG): Standard price gaps. ✅Inverted Fair Value Gap (IFVG): Filtered large price gaps. ✅Liquidity Sweeps: Stop-hunting patterns by smart money. ⚠️ Disclaimer This indicator is built for educational purposes and should not be considered financial advice. Trading carries risk, and no tool guarantees profits. Always use proper risk management and perform your own analysis before entering any trade.
Pine Script™ indicator
by TehThomas
2
NFP High/Low Levels PlusNFP High/Low Levels Plus Description: This indicator stores the 12 most recent NFP (Non-Farm-Payroll) days and their values. Values are captured from 0830 (NFP Release) until close of market The High and Low values for each NFP month are drawn on the chart with horizontal lines. - Labels indicating the month's high or low line are placed after the line - Optionally the high/low price can be displayed additionally Support and Resistance boxes can be drawn at the closest NFP level above and below the current price. - Boxes will automatically update as prices cross the NFP value Macro Indicator - This option displays a small table in the top right corner that says "Up" or " Down" - The Macro Indicator can be used to judge the potential direction for the current month - Macro direction is calculated by the following: - UP: If two consecutive days both open and close above the most recent NFP High level - DOWN: If two consecutive days both open and close below the most recent NFP Low level Micro Indicator - This option displays a small table in the top right corner that says "Up" or " Down" - The Micro Indicator can be used to judge the potential direction for low timeframes 1H or lower - Micro direction is calculated by the following: - UP: If two consecutive 10m candles close above the 20EMA - DOWN: If two consecutive 10m candles close below the 20EMA NFP Session Bars - This feature draws an arrow at the bottom of the chart for each candle that falls within the NFP session day - This is useful for identifying NFP Days Support / Resistance Table - This displays a table bottom center showing the nearest high and low NFP line level What is an NFP Day and why is it useful to add to my chart? - NFP Days are one of the most important data releases monthly - NFP (Non-Farm-Payroll) is the official release of 80% of the US workforce employed in manufacturing, construction, and goods - It does not include those who work on farms, private households, non-profit and government workers - Historically these high/low levels for the day create strong support and resistance levels - Having them displayed on the chart can help identify potential strong levels and pivot points Full Indicator with all options enabled and identified Easily update NFP Release Days in the indicator settings Modify various options: Show/Hide lines, labels, directional indicator tables, values tables Adjust line width, offsets, colors, font sizes, box widths Enable individual Directional Indicators and modify colors Example of full indicator enabled You can find a list of the NFP Release Schedule on the official US Bureau of Labor Statistics website. This is useful for updating the indicator settings with the correct dates
Pine Script™ indicator
by rogman
Yearly Percentage ChangeThe "Yearly Percentage Change" indicator analyzes the long-term performance of an asset over the past year (252 trading days). It helps traders identify the strength of an asset at first glance by the color of the drawing. It calculates two key values: The percentage change from the closing price 252 days ago (Year-over-Year performance). The percentage change from the lowest price of the last 252 days. These values are visualized with colored lines and a performance label. 📊 Features & Benefits 1️⃣ Yearly Percentage Change (YoY) Compares the current closing price with the closing price from 252 days ago. Draws a solid line from the previous year’s close to the current price. Line color indicates market performance: 🔴 Red → Price increased up to 100%. 🟡 Yellow → Price increased between 100% and 200%. 🟢 Green → Price increased more than 200%. 2️⃣ 252-Day Low & Its Performance Identifies the lowest price in the last 252 days. Draws a dashed line from this low to the current price. Line color reflects the performance since the low: 🔴 Red → Price increased up to 100%. 🟡 Yellow → Price increased between 100% and 200%. 🟢 Green → Price increased more than 200%. 3️⃣ Informative Performance Label Displays two key values: "YoY" → Percentage change from the closing price 252 days ago. "Low252" → Percentage change from the lowest price in the past 252 days. Label color depends on the YoY movement.
Pine Script™ indicator
by Princeton007
Stock Highs Tracker with IndicesThis Pine Script indicator tracks stock highs and compares them with major indices (Nifty, Nifty 500, CNX-SmallCap, and CNX-MidCap). Here’s what it does: 1. Retrieves and Displays Key Price Metrics All-Time High (ATH): The highest price the stock has ever reached. 52-Week High: The highest price in the last 252 trading days. Current Price: The stock’s closing price. 2. Calculates Percentage Differences % from ATH: How much the stock is below its all-time high. % from 52WKH: How much the stock is below its 52-week high. 3. Fetches and Compares with Indices It retrieves similar metrics (ATH, 52-Week High, Current Price, % from ATH, % from 52WKH) for: Nifty 50 Nifty 500 CNX-SmallCap CNX-MidCap This helps in assessing whether the stock's movement aligns with broader market trends. 4. Displays Data in a Table The script creates a table positioned at the top-right corner. It color-codes different rows for easy readability. The table compares the stock’s performance against the major indices. Use Case Helps traders and investors track stock highs relative to market indices. Identifies whether the stock is outperforming or underperforming the broader market.
Pine Script™ indicator
by vighnesh15b
1
Market Snap Shot with Pine ScreenerMarket Snap Shot The Market Snap Shot is a comprehensive technical analysis tool designed to track and display key price metrics across multiple timeframes, including daily, weekly, monthly, quarterly, and yearly data. This script provides a range of essential calculations for traders and investors, enabling them to assess price action, volatility, and market trends at a glance. Features: Daily Metrics: Includes the daily percentage change, closing range relative to the daily high/low. Weekly Metrics: Tracks weekly open, close, range, and calculates week-to-date performance for a broader market view. Monthly Metrics: Provides similar calculations for monthly price action, offering insights into monthly performance. Quarter-to-Date (QTD): Displays performance for the current quarter, offering insights into quarterly price movements. Year-to-Date (YTD): Calculates year-to-date price change, helping users track performance relative to the start of the year. 52-Week High/Low: Displays the current price's distance from the 52-week high and low, giving context to long-term price levels. Usage: Traders can use this screener to quickly assess the current market position and make informed decisions based on short-term and long-term trends. Investors can leverage the 52-week and YTD metrics to gauge the overall strength of an asset in the market. The tool is versatile for both active traders looking for real-time performance data and for those focusing on longer-term market trends. Instructions: This script displays multiple metrics such as percentage changes and range data for daily, weekly, monthly, quarterly, and yearly timeframes. It is designed to be used as a screener tool to assess price action and monitor performance across these key time periods. Warning: The "Market Snap Shot" does not provide buy or sell signals but rather serves as a performance tracking tool. Users are encouraged to use this data in conjunction with other technical and fundamental analysis tools.
Pine Script™ indicator
by starshiptrade
23/35 SR Channels23/35 SR Channels Indicator The 23/35 SR Channels Indicator is designed to automatically identify key algorithmic support and resistance zones during intraday trading by focusing on specific candle patterns at the 23rd and 35th minutes of each hour. How It Works: Key Candle Detection: The indicator monitors the 23rd and 35th minute candles of every hour. At these moments, it uses the candle’s high and low (or a three‑candle range centered on those minutes) to define the boundaries of a support/resistance channel. Channel Construction and Mitigation: Once a channel is formed from a key candle, a rectangular box is drawn to represent the channel. If a new channel (from a later 23 or 35 minute candle) overlaps an existing channel of the same type, the older channel is automatically considered "mitigated" and is removed from the chart, ensuring that only the most recent (and typically more relevant) level is displayed. Visual Enhancement: The indicator can also color the 23 and 35 minute candles, making them easier to identify. The channels themselves extend to the right for a fixed number of bars, providing a visual area where price might interact with these important levels, or can be extended to the current bar/until mitigated. Benefits for Traders: Automated Level Detection: By focusing on the 23rd and 35th minute candles, the indicator automatically captures key support/resistance zones without manual intervention. Dynamic Channel Updates: As new candles form, overlapping channels are replaced with newer ones, helping to keep the chart clear and focused on the most relevant levels. Intraday Focus: The targeted timing helps intraday traders quickly spot potential reversal or breakout areas, enhancing decision-making during fast-moving markets.
Pine Script™ indicator
by rh19
1