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Resumen de Tendencia.v01📊 Trend Summary with SMA 200 📊 This Pine Script displays a summary table showing the price trend across multiple timeframes (Weekly, Daily, 4H, 1H, 15M, and 5M) based on the 200-period Simple Moving Average (SMA). ✅ Easy to interpret: Bullish (✅ Green) → Price above SMA 200 Bearish (❌ Red) → Price below SMA 200 ⚡ Features: 🔹 Evaluates trends across different timeframes. 🔹 Displays a compact summary table in the top-right corner. 🔹 Keeps the chart clean without extra lines. Perfect for traders who need a quick multi-timeframe trend analysis! 🚀📈 Autor: Luis Alberto Flores #Trading #PineScript #SMA200 #AnálisisTécnico #Tendencia
Pine Script® indicator
by Luis_Alberto_Flores
Market Sessions & LevelsOverview This Pine Script indicator identifies key trading levels and market sessions, making it easier for traders to analyze price movements. It highlights the previous day's high and low, tracks premarket price action, and marks the first 5-minute high and low after the market opens. Features ✅ Identifies Market Sessions: Pre-Market Session (4:30 AM - 9:30 AM EST) Regular Market Session (9:30 AM - 4:00 PM EST) ✅ Tracks Key Levels: Previous Day’s High & Low Premarket High & Low First 5-Minute High & Low after market open ✅ Visual Cues for Easy Analysis: Plots horizontal lines for each level with distinct colors Displays labels for key price levels on the chart How It Helps Traders 📊 Pre-Market Preparation: Helps traders spot key resistance/support levels before the market opens. 🚀 Momentum Trading: The first 5-minute high/low can act as breakout or reversal zones. 📉 Historical Price Context: Uses the previous day's high/low to gauge market sentiment. Customization The script can be easily modified to adjust session timings, colors, or additional levels based on your trading strategy. 💡 How to Use: Apply the script to a 1-minute or 5-minute chart for the most accurate premarket and first 5-minute tracking. Look for price reactions at the plotted levels to determine potential trade setups.
Pine Script® indicator
by askhulal
ATM Option Selling StrategyATM Option Selling Strategy – Explained This strategy is designed for intraday option selling based on the 9/15 EMA crossover, 50/80 MA trend filter, and RSI 50 level. It ensures that all trades are exited before market close (3:24 PM IST). . Indicators Used: 9 EMA & 15 EMA → For short-term trend identification. 50 MA & 80 MA → To determine the overall trend. RSI (14) → To confirm momentum (above or below 50 level). 2. Entry Conditions: 🔴 Sell ATM Call (CE) when: Price is below 50 & 80 MA (Bearish trend). 9 EMA crosses below 15 EMA (Short-term trend turns bearish). RSI is below 50 (Momentum confirms weakness). 🟢 Sell ATM Put (PE) when: Price is above 50 & 80 MA (Bullish trend). 9 EMA crosses above 15 EMA (Short-term trend turns bullish). RSI is above 50 (Momentum confirms strength). 3. Position Sizing & Risk Management: Sell 375 quantity per trade (Lot size). 50-Point Stop Loss → If option premium moves against us by 50 points, exit. 50-Point Take Profit → If option premium moves in our favor by 50 points, book profit. Exit all trades at 3:24 PM IST → No overnight positions. 4. Exit Conditions: ✅ Stop Loss or Take Profit Hits → Automatically exits based on a 50-point move. ✅ Time-Based Exit at 3:24 PM → Ensures no open positions at market close. Why This Works? ✔ Trend Confirmation → 50/80 MA ensures we only sell options in the direction of the market trend. ✔ Momentum Confirmation → RSI prevents entering weak trades. ✔ Controlled Risk → SL and TP protect against large losses. ✔ No Overnight Risk → All trades close before market close.
Pine Script® strategy
by dipen007
Ryna 3 EMA Multi-Timeframe Indicator**EMA Multi-Timeframe Strategy (Pine Script v6)** This TradingView indicator is designed to assist traders using a **multi-timeframe trend-following strategy** based on Exponential Moving Averages (EMAs). **Core Functionality** - **Trend Identification:** Uses a configurable **EMA (e.g., EMA 50)** on a **higher timeframe** (e.g., H1, D1, W1) to determine the market bias: - If price is **above** the trend EMA → **Long bias** - If price is **below** the trend EMA → **Short bias** - **Entry Signals:** Uses two EMAs (fast & slow, e.g., EMA 8 & EMA 21) on either: - The **current chart timeframe**, or - A **separately selected timeframe** (e.g., entry on M15, trend on H1) → Signals are generated based on **EMA crossovers**: - **Bullish crossover** (fast crosses above slow) → Long signal - **Bearish crossover** (fast crosses below slow) → Short signal - Only when aligned with the higher-timeframe trend - **Visual Output:** - Optional display of entry EMAs when sourced from the trend timeframe - Always displays the trend EMA - Entry signals shown with triangle markers on the chart - **Info Panel (Top Center):** - Shows selected timeframes and EMA settings - Indicates current trend bias (LONG / SHORT / NEUTRAL) - Notes if entry EMAs are hidden due to settings - **Alerts:** - Optional alerts for long and short entry signals based on EMA crossovers #### **User Inputs** - **Trend Timeframe & EMA Length** - **Entry Timeframe & EMA Fast/Slow Lengths** - **Option to show/hide entry EMAs when using the trend timeframe** - **Option to show/hide Infobox on Chart**
Pine Script® indicator
by richie_ryna
Malama's market chop"Malama's Market Chop" (MMC) is a TradingView indicator designed to help traders identify choppy, sideways market conditions where price movement lacks a clear trend. It solves a common problem for traders: avoiding false signals or unprofitable trades during periods of indecision in the market. By measuring market "choppiness" and visually highlighting these zones, MMC empowers users to either steer clear of trades or adjust their strategies (e.g., switching to range-bound tactics) when trends are weak. How It Works MMC is built around the Choppiness Index, a mathematical formula that quantifies how much a market is consolidating versus trending. Here’s the simple breakdown: It looks at the price range (highs and lows) over a user-defined period (default: 14 bars). It compares the sum of individual bar ranges to the total range across that period, then applies a logarithmic calculation to produce a value between 0 and 100. A higher value (e.g., above 61.8 by default) indicates a choppy, non-trending market, while a lower value suggests a trending market. The indicator then uses this data to: Color the chart background yellow during choppy conditions. Place a small blue triangle below bars when choppiness is detected. Show the exact Choppiness Index value as a label on the latest bar for real-time monitoring. How to Use It Adding to TradingView: Open TradingView, click the "Indicators" button at the top, search for "Malama's Market Chop" (or paste the script into a new Pine Script editor and save it), and add it to your chart. Configuring Settings: Choppiness Period (default: 14): Adjust this to change how many bars the indicator analyzes. Shorter periods (e.g., 10) react faster but may be noisier; longer periods (e.g., 20) smooth the signal. Choppiness Threshold (default: 61.8): This is the cutoff for what’s considered "choppy." Raise it (e.g., 70) for stricter chop detection or lower it (e.g., 50) to catch milder consolidation. Interpreting Signals: Yellow Background: The market is choppy—price is likely bouncing around without direction. Beginners might sit out or use range-trading strategies (e.g., buy low, sell high within the range). Blue Triangle: A quick visual cue that choppiness is active on that bar. ChopIndex Label: Check the number. Above the threshold (e.g., 61.8) means choppy; below suggests a trend might be forming. Tips: Beginners: Pair MMC with a simple trend indicator (like a moving average) to confirm when to avoid trades during yellow zones. Pros: Experiment with the threshold on different timeframes (e.g., 5-minute vs. daily) or assets (stocks, forex, crypto) to fine-tune for your trading style. Originality What makes MMC stand out is its blend of clarity and practicality. While the Choppiness Index isn’t new, MMC enhances it with: Visual Simplicity: The yellow background and blue triangles make choppy conditions instantly recognizable, even for beginners, without cluttering the chart. Real-Time Feedback: The live ChopIndex label keeps you informed without needing to dig into settings or calculations. Customization: Adjustable period and threshold settings let traders tailor it to their specific needs, unlike many static chop indicators. This combination transforms a classic concept into a user-friendly, actionable tool that bridges the gap between novice intuition and professional precision.
Pine Script® indicator
by makenlegacy
Malama's ScalpingMalama's Scalping Strategy Description Purpose "Malama's Scalping" is a strategy designed for traders who want to capitalize on short-term price movements in fast-moving markets. It identifies precise buy and sell opportunities by combining trend analysis, momentum, volume, volatility, and candlestick patterns. This script solves the problem of finding reliable entry and exit points in choppy or unpredictable markets, making it ideal for scalpers—traders who aim to profit from small, quick price changes—while offering built-in risk management through stop-loss and take-profit settings. How It Works The strategy uses a blend of popular technical indicators and custom logic to confirm trading signals: Trend Direction: A 50-period Simple Moving Average (SMA) acts as a trend filter. If the price is above this line, it’s a bullish (buy-friendly) market; if below, it’s bearish (sell-friendly). Momentum: The Relative Strength Index (RSI) measures price speed over 14 periods. It ensures the market isn’t overbought (RSI < 70) for buys or oversold (RSI > 30) for sells. Volume: It compares current trading volume to a 20-period average to confirm strong market participation—only high-volume moves trigger signals. Volatility: The Average True Range (ATR) over 14 periods checks if price swings are big enough (above a user-set minimum, default 2.0) to justify a trade. Candlestick Patterns: Simple yet effective patterns (e.g., a bullish candle closing higher than the previous day’s close after opening lower) add confirmation to signals. A buy or sell signal only triggers when all these conditions align, ensuring high-probability trades. Once a signal fires, the strategy automatically places trades with customizable stop-loss (e.g., 1% below entry) and take-profit (e.g., 2% above entry) levels. How to Use It Adding to TradingView: Open TradingView, go to the "Pine Editor" at the bottom, paste the script, and click "Add to Chart." You’ll see a blue trend line and buy/sell labels appear. Configuring Settings: Adjust inputs in the "Settings" menu: Trend Length (50): Increase for smoother trends, decrease for faster signals. RSI Length (14): Tweak for sensitivity to momentum. Stop Loss (1%) and Take Profit (2%): Set based on your risk tolerance. Volume Length (20): Adjust to filter volume strength. Volatility Length (14) and Minimum Volatility (2.0): Fine-tune for your asset (e.g., higher for volatile stocks like TSLA). Interpreting Signals: A green "Buy" label below a bar means enter a long position. A red "Sell" label above a bar means enter a short position. Watch the blue trend line to gauge the bigger picture. Tips for Beginners: Start with the default settings on a 1- or 5-minute chart for scalping. Test it on a demo account first to get comfortable with the signals. For Pros: Pair it with your favorite indicators (e.g., Bollinger Bands) or adjust the ATR minimum for specific markets. Use backtesting in TradingView’s "Strategy Tester" to optimize settings. Originality What makes "Malama's Scalping" stand out is its multi-filter approach. Unlike basic strategies relying on one or two indicators, it demands agreement across trend, momentum, volume, volatility, and candlestick patterns—reducing false signals and boosting confidence. The built-in automation with customizable risk management also sets it apart, offering a hands-off option for scalpers who want precision without constant monitoring. Plus, its flexibility (e.g., adjustable volatility for stocks like TSLA) makes it adaptable to various assets and timeframes, a rarity in scalping tools. This strategy bridges the gap between simplicity for beginners and robustness for pros, delivering a unique, all-in-one scalping solution.
Pine Script® strategy
by makenlegacy
Elliott Wave Identification By Akash Patel This script is designed to visually highlight areas on the chart where there are consecutive bullish (green) or bearish (red) candles. It also identifies sequences of three consecutive candles of the same type (bullish or bearish) and highlights those areas with adjustable box opacity. Here's a breakdown of the functionality: --- ### Key Features: 1. **Bullish & Bearish Candle Identification:** - **Bullish Candle:** When the closing price is higher than the opening price (`close > open`). - **Bearish Candle:** When the closing price is lower than the opening price (`close < open`). 2. **Consecutive Candle Counter:** - The script counts consecutive bullish and bearish candles, which resets when the direction changes (from bullish to bearish or vice versa). - The script tracks these counts using the `bullishCount` and `bearishCount` variables, which are incremented based on whether the current candle is bullish or bearish. 3. **Highlighting Candle Areas:** - If there are **3 or more consecutive bullish candles**, the script will highlight the background in a green color with 90% transparency (adjustable). - Similarly, if there are **3 or more consecutive bearish candles**, the script will highlight the background in a red color with 90% transparency (adjustable). 4. **Three-Candle Sequence:** - The script checks if there are three consecutive bullish candles (`threeBullish`) or three consecutive bearish candles (`threeBearish`). - A box is drawn around these areas to visually highlight the sequence. The boxes extend to the right edge of the chart, and their opacity can be adjusted. 5. **Box Creation:** - For bullish sequences, a green box is created using the high and low prices of the three candles in the sequence. - For bearish sequences, a red box is created in the same manner. - The box size is determined by the highest high and the lowest low of the three consecutive candles. 6. **Box Opacity:** - You can adjust the opacity of the boxes through the input parameters `Bullish Box Opacity` and `Bearish Box Opacity` (ranging from 0 to 100). - A higher opacity will make the boxes more solid, while a lower opacity will make them more transparent. 7. **Box Cleanup:** - The script also includes logic to remove boxes when they are no longer needed, ensuring the chart remains clean without excessive box overlays. 8. **Extending Boxes to the Right:** - When a bullish or bearish sequence is identified, the boxes are extended to the right edge of the chart for continued visibility. --- ### How It Works: - **Bullish Area Highlight:** When three or more consecutive bullish candles are detected, the background will turn green to indicate a strong bullish trend. - **Bearish Area Highlight:** When three or more consecutive bearish candles are detected, the background will turn red to indicate a strong bearish trend. - **Three Consecutive Candle Box:** A green box will appear around three consecutive bullish candles, and a red box will appear around three consecutive bearish candles. These boxes can be extended to the right edge of the chart, making the sequence visually clear. --- ### Adjustable Parameters: 1. **Bullish Box Opacity:** Set the opacity (transparency) level of the bullish boxes. Ranges from 0 (completely transparent) to 100 (completely opaque). 2. **Bearish Box Opacity:** Set the opacity (transparency) level of the bearish boxes. Ranges from 0 (completely transparent) to 100 (completely opaque). --- This indicator is useful for identifying strong trends and visually confirming market momentum, especially in situations where you want to spot sequences of bullish or bearish candles over multiple bars. It can be customized to suit different trading styles and chart preferences by adjusting the opacity of the boxes and background highlights.
Pine Script® indicator
by Akash7245
SPY MACD Histogram Reversals and RejectionsStrategy Overview: Intraday SPY Options Day Trading with MACD Histogram Reversals and Rejections This is an intraday trading strategy designed specifically for trading SPY (or SPX) using 1DTE options. It focuses on price action during the morning session and leverages MACD histogram crossovers, volatility analysis, and short-term price rejections to enter directional trades (calls or puts). The goal is to capitalize on early momentum shifts and retracement failures after initial market moves. Key Trading Hours and Constraints Trading Window: Only trades between 9:50 AM and 1:00 PM EST are considered. Trade Cutoff Buffer: New trades are blocked in the final 5 minutes before the 1:00 PM end time to avoid auto-close conflicts. First Hour Focus: Special logic applies during the first hour of the session (9:30 AM to 10:30 AM), where reversal-based setups are tracked more aggressively. MACD Histogram Setup The strategy calculates both 5-minute and 10-minute MACD values. Signals are generated when the 5-minute MACD histogram crosses the zero line, indicating a momentum shift. The magnitude of the histogram (absolute value) must exceed a threshold (0.10) to validate strong enough momentum. The 10-minute histogram is used as a confirmation filter: if it’s under 0.17 in magnitude, it favors a call entry (bullish breakout); otherwise, it defaults to put entry (bearish momentum). Reversal & Protection Logic (Early Morning Retests) Call Rejection Protection (To avoid entering long after a strong upward move and sharp retrace): Monitors price from 9:30–10:00 AM for the lowest point. Then from 10:00–10:35 AM, it tracks the highest price. If price retraces more than 90% of that move up, it avoids new call entries. Put Rejection Protection (To avoid entering short after a downward move and retrace): Tracks the highest point from 9:30–10:00 AM, then the lowest price from 10:00–10:35 AM. If price retraces more than 90% of that downward move, put entries are skipped. This avoids buying into failed breakouts or deep retracements, protecting against reversal traps. Entry Conditions Summary A trade is considered only if: It's within the allowed time window. MACD histogram crosses zero with sufficient strength. No retracement rejection conditions are triggered. The 10-minute MACD filter confirms momentum direction. Risk Management – Dynamic ATR-Based Stop Loss & Profit Target Uses a 6-period ATR to size both the stop loss and profit target. ATR multipliers are adjusted dynamically based on RSI(14) values to account for current volatility and overbought/oversold conditions: Profit Targets: Scaled using an aggressive ATR multiplier tied to RSI position. Stop Losses: Slightly wider to prevent premature exits from minor retracements. This adaptive approach helps ensure realistic targets while keeping risk within bounds. Options Profit Estimation Estimated option move is calculated using: The difference between entry price and the profit target (in underlying asset). Assumes 0.48 delta to approximate the expected option gain/loss. These values are displayed directly on the chart as part of the trade label. Trade Execution and Labeling Each trade is assigned a unique ID and visually labeled on the chart with: Direction (Call or Put) Profit target level Estimated underlying move Estimated option gain in dollars Alerts are also triggered to notify on entry signals, showing the estimated option profit. Performance Tracking and Statistics Tracks total trades, wins, losses, and current win streak using strategy.closedtrades. Displays these values in a live stats table on the chart for real-time feedback. Additional Visual Aids Table showing: MACD profit targets and histograms Estimated option moves Intraday range (high – low) Draws a horizontal line at the nearest rounded price level for quick visual context. Marks key morning times (9:55, 10:00, and 10:30) with small labeled markers. Overall Objective This strategy aims to: Catch early directional momentum in SPY within a controlled risk framework. Avoid trading into retracements or false breakouts. Provide visually clear, data-supported trade entries for real-time manual execution. Estimate profitability in terms of options pricing for quick decision-making. It's ideal for traders looking to day trade 0DTE or 1DTE SPY options using technical triggers, real-time filtering, and protective logic to reduce false signals and improve timing.
Pine Script® strategy
by trev_business
Trading Capital Management for Option SellingTrading Capital Management for Option Selling This Pine Script indicator helps manage trading capital allocation for option selling strategies based on price percentile ranking. It provides dynamic allocation recommendations for index options (NIFTY and BANKNIFTY) and individual stock positions. Key Features: - Dynamic buying power (BP) allocation based on close price percentile - Flexible index allocation between NIFTY and BANKNIFTY - Automated calculation of recommended number of stock positions - Risk management through position size limits - Real-time INDIA VIX monitoring Main Parameters: 1. Window Length: Period for percentile calculation (default: 252 days) 2. Thresholds: Low (30%) and High (70%) percentile thresholds 3. Capital Settings: - Trading Capital: Total capital available - Max BP% per Stock: Maximum allocation per stock position 4. Buying Power Range: - Low Percentile BP%: Base BP usage at low percentile - High Percentile BP%: Maximum BP usage at high percentile 5. Index Allocation: - NIFTY/BANKNIFTY split ratio - Minimum and maximum allocation thresholds Display: The indicator shows two tables: 1. Common Metrics: - Total BP Usage with percentage - Current INDIA VIX value - Current Close Price Percentile 2. Capital Allocation: - Index-wise BP allocation (NIFTY and BANKNIFTY) - Stock allocation pool - Recommended number of stock positions with BP per stock Usage: This indicator helps traders: 1. Scale positions based on market conditions using price percentile 2. Maintain balanced exposure between indices and stocks 3. Optimize capital utilization while managing risk 4. Adjust position sizing dynamically with market volatility
Pine Script® indicator
by cratygs
Binance Leveraged Liquidations ApproximationBinance Leveraged Liquidations Approximation (BLLA) The Binance Leveraged Liquidations Approximation (BLLA) indicator is a tool designed to estimate liquidation levels for leveraged trading on Binance. It calculates the approximate prices at which liquidations could occur for long and short positions, based on the entry price and leverage levels selected by the user. Key Features: Liquidation Level Calculation: Estimates liquidation prices for multiple leverage levels (e.g., 20x, 10x, 5x, etc.). Supports both long and short positions. Customization: Allows the user to manually input the entry price or automatically calculate it as the midpoint between the low and high of a defined period. Leverage levels are configurable, enabling the indicator to adapt to different trading strategies. Clear Visualization: Displays liquidation levels directly on the chart, with labels indicating the corresponding leverage. Uses distinct colors for long positions (yellow) and short positions (blue). Recommended Use: Risk Management: Helps identify liquidation levels to adjust stop-loss orders and manage risk in leveraged trading. Market Analysis: Provides a quick overview of key levels where significant price movements might occur due to mass liquidations. Settings: Entry Price: Enter manually or leave at 0.0 to calculate automatically. Leverage: Configure desired leverage levels (e.g., 20x, 10x, 5x, etc.). Transparency and Display: Adjust the transparency of the lines and the number of bars displayed. Quick Instructions: Add the indicator to your chart. Enter the entry price or leave it at 0.0 to calculate automatically. Configure leverage levels according to your strategy. Observe liquidation levels on the chart and use them to manage your risk. Note: This indicator is an approximation and does not guarantee absolute accuracy of liquidation levels, as these may vary depending on market conditions and exchange policies.
Pine Script® indicator
by ceshead
Open & Close PriceShows open and closing price; controls for extensions. Toggles for visibility. Shades opening day gap, controls for extensions. Toggles for visibility. Does not work for hourly or above as opening price is set to 9:30 am eastern which does not appear on the axis for hourly or above. And I'm not a coder. But for sub hourly charts - it's an easy tool I've been looking for for a while just for myself. It's imperfect; but sharing for anyone that was looking for something similar.
Pine Script® indicator
by sdwills
Range%This indicator displays the range of each candle i.e. High minus Low as a percentage of the previous closing price. It does not account for gaps, making it particularly useful for intraday trading. By tracking the volatility cycle of candles, this indicator helps identify periods of increased or decreased market volatility, allowing traders to pinpoint the best days to execute trades. If the Range% is below low line candles will turn White and If Range% is above the High Line Candles will turn Red.
Pine Script® indicator
by Teji_Singh
Ivan Gomes StrategyIG Signals+ - Ivan Gomes Strategy This script is designed for scalping and binary options trading, generating buy and sell signals at the beginning of each candle. Although it is mainly optimized for short-term operations, it can also be used for medium and long-term strategies with appropriate adjustments. How It Works • The indicator provides buy or sell signals at the start of the candle, based on a statistical probability of candle patterns, depending on the timeframe. • It is essential to enter the trade immediately after the signal appears and exit at the end of the same candle. • If the first operation results in a loss (Loss), the script will send another trade signal at the start of the next candle. However, if the first trade results in a win (Gain), no new signal will be generated. • The signals follow cycles of 3 candles, regardless of the timeframe. However, if a Doji candle appears, the cycle is interrupted, and no signals will be generated until the next valid cycle starts. • The strategy consists of up to two trades per cycle: if the first trade is not successful, the second trade serves as an additional attempt to recover. Key Points to Consider 1. Avoid trading in sideways markets – If price levels do not fluctuate significantly, the accuracy of the signals may decrease. 2. Trade in the direction of the trend – Using Ichimoku clouds or other trend indicators can help confirm trend direction and improve signal reliability. If the market is in an uptrend (bullish trend) and the indicator generates a sell signal, the most prudent decision would be to wait for a buy signal that aligns with the main trend. The same applies to downtrends, where buy signals may be riskier. These decisions should be based on chart reading and supported by other technical analysis tools, such as support and resistance levels, which indicate zones where price might face obstacles or reverse direction. Additionally, Fibonacci retracement levels can help identify possible pullback points within a trend. Moving averages are also useful for visualizing the general market direction and confirming whether an indicator signal aligns with the overall price structure. Combining these tools can increase trade accuracy and prevent unnecessary trades against the main trend, reducing risks. 3. Works based on probability statistics – The algorithm analyzes candle formations and their statistical probabilities depending on the timeframe to optimize trade entries. 4. Best suited for scalping and binary options – This strategy performs best in 1-minute and 5-minute timeframes, allowing for multiple trades throughout the day. Technical Details • The script detects the candle cycle and assigns an index to each candle to identify patterns and possible reversals. • It recognizes reference candles, stores their colors, and compares them with subsequent candles to determine if a signal should be triggered. • Doji candle rules are implemented to avoid false signals in indecisive market conditions. When a Doji appears, the script does not generate signals for that cycle. • The indicator displays visual alerts and notifications, ensuring fast execution of trades. Disclaimer The IG Signals+ indicator was created to assist traders who struggle to analyze the market by providing objective trade signals. However, no strategy is foolproof, and this script does not guarantee profits. Trading involves significant financial risk, and users should test it in a demo account before trading with real money. Proper risk management is crucial for long-term success.
Pine Script® indicator
by IvanGomesF
Trend Vanguard StrategyHow to Use: Trend Vanguard Strategy is a multi-feature Pine Script strategy designed to identify market pivots, draw dynamic support/resistance, and generate trade signals via ZigZag breakouts. Here’s how it works and how to use it: ZigZag Detection & Pivot Points The script locates significant swing highs and lows using configurable Depth, Deviation, and Backstep values. It then connects these pivots with lines (ZigZag) to highlight directional changes and prints labels (“Buy,” “Sell,” etc.) at key turning points. Support & Resistance Trendlines Pivot highs and lows are used to draw dashed S/R lines in real-time. When price crosses these lines, the script triggers a breakout signal (long or short). EMA Overlays Up to four EMAs (with customizable lengths and colors) can be overlaid on the chart for added trend confirmation. Enable/disable each EMA independently via the settings. Repaint Option Turning on “Smooth Indicator Lines” (repaint) uses future data to refine past pivots. This can make historical signals look cleaner but does not reflect true historical conditions. Turning it off ensures signals remain fixed once they appear. Strategy Entries & Exits On each new ZigZag “Buy” or “Sell” signal, the script closes any open position and flips to the opposite side (if desired). Works with the built-in TradingView Strategy engine for backtesting. Additional Inputs (Placeholders) Volume Filter and RSI Filter settings exist but are not fully implemented in the current code. Future versions may incorporate these filters more directly. How to Use Add to Chart: Click “Indicators” → “Invite-Only Scripts” (or “My Scripts”) and select “Trend Vanguard Strategy.” Configure Settings: Adjust ZigZag Depth, Deviation, and Backstep to fine-tune pivot sensitivity. Enable or disable each EMA to see how it aligns with market trends. Toggle “Smooth Indicator Lines” on or off depending on whether you want repainting. Backtest and Forward Test: Use TradingView’s “Strategy Tester” tab to review hypothetical performance. Remember that repainting can alter past signals if enabled. Monitor Live: Watch for breakout triangles or ZigZag labels to identify potential reversal or breakout trades in real time. Disclaimer: This script is purely educational and not financial advice. Always combine it with sound risk management and thorough analysis. Enjoy exploring the script, and feel free to experiment with the different settings to match your trading style!
Pine Script® strategy
by MaximusGains
1
Mon to Fri + LSE and NYSE📌 Highlight Custom Days & Market Hours Indicator 📌 🔹 Overview: This script allows traders to visually highlight specific weekdays and market sessions directly on their TradingView charts. With customizable checkboxes, you can choose which days of the week to highlight, along with session times for the New York Stock Exchange (NYSE) and London Stock Exchange (LSE). 🔹 Features: ✅ Select individual weekdays (Monday–Friday) to highlight in blue ✅ Highlight NYSE open hours (2:30 PM – 9:30 PM UK time) in green ✅ Highlight LSE open hours (8:00 AM – 4:30 PM UK time) in orange ✅ Ensures NYSE & LSE sessions are only highlighted on weekdays (no weekends) ✅ Clean and simple visualization for enhanced market awareness 🔹 How to Use: 1️⃣ Add the indicator to your TradingView chart 2️⃣ Use the settings panel to enable/disable specific weekdays 3️⃣ Toggle NYSE or LSE session highlights based on your trading preference 🚀 Perfect for traders who follow institutional sessions and want better time-based confluence in their strategies!
Pine Script® indicator
by jwok35
Put/Call RatioPut/Call Ratio Indicator This indicator visualizes the Put/Call Ratio for various market symbols, helping traders assess market sentiment and potential reversals. It offers a dropdown menu to select from a range of Put/Call Ratios, including broad equities (CBOE), major indices (SPX, QQQ, IWM, VIX), and individual stocks (TSLA, GOOG, META, AMZN, MSFT, INTC). The indicator plots the Put/Call Ratio with adjustable moving averages and standard deviation bands to highlight overbought or oversold conditions. A short-term moving average (default: 10 periods) is displayed with trend-based coloring, while longer-term moving averages (defaults: 30 and 200 periods) are calculated but hidden by default. Bands at 1, 1.5, and 2 standard deviations provide context for extreme readings. Key Overbought/Oversold Signals: Short-Term Extremes: The 10-day moving average moves beyond 1 standard deviation from the 200-day moving average, signaling potential overbought (above) or oversold (below) conditions. This will be highlighted by red or green background color. Ratio Extremes: The Put/Call Ratio line itself crosses outside 2 standard deviations from the 200-day moving average, indicating stronger overbought or oversold zones. Conditional coloring of the ratio line reflects its position relative to the bands, and background shading highlights when the short-term moving average crosses key levels. Key Features: Selectable Put/Call Ratio symbols. Trend-colored moving averages. Standard deviation bands for volatility analysis. Dynamic line and background coloring for quick insights. Usage: Use this indicator to gauge market sentiment—high ratios may suggest bearish sentiment or oversold conditions, while low ratios may indicate bullish sentiment or overbought conditions. Combine with price action or other tools for confirmation.
Pine Script® indicator
by nsnq5nwmy4
IronCondor 10am 30TF by RMThe IronCondor 10am 30TF indicator shows Iron Condor trades win rate over a large number of days. The default ETFs in this indicators are "QQQ", "SPY", "RUT" , "CBTX" and "SPX", other entries have not been tested. Iron Condor quick explanation: - Iron Condors trades have four options, generally, are based around a Midpoint price (Current Market Price Strike) and - Two equally distances Strikes for the SELL components (called the Body of the Iron Condor) - Further away from the two SELLs, another Two BUYs for protection (not considered in this indicator) - Iron Condors are used for Passive Income based on small gains most of the time. The IronCondor 10am 30TF has its logic created based on the premises that: - Most days the market prices stay within a range. - As example the S&P market prices would stay within 1% on about 80% of the time - The moving markets (bullish or bearish) occur about 20% of the time - The biggest market price volatility generally occurs before market opens and then around the first hour or so of trade in the day. - After the first hour or so of the market the prices would be most likely to stay within a range. The operation is simple: - At the Trade Star time in the day (say 10:30 Hrs.) draws a vertical yellow line, then - Creates two blue horizontal lines for the SELL limits in the Iron Condor Body, at +/- 1% price boundary (check Ticker list below for values) - At the Trade End time (say 16:00 Hrs.) checks that none of the SELL limits have been broken by highs or lows during the trade day (The check is done calculating at Trade End time the high/lows 10 bars back for 30 min TF - timeframe) - There is a label at each Trade End time with Win/Loss and Body value. - There is one final label with overall calculated past performance in Win percentage out of 'n' trades Defaults and User Entries: - The User can modify the Midpoint price called 'IronCondor Midpoint STRIKE' (default is the Candle Close at the selected time) - The User can modify the Body value called 'IronCondor Body' (default is the Ticker's selected value as per list below) "QQQ" or "SPY" Body = 5 "RUT" or "CBTX" Body = 20 "SPX" Body = 60 * Disclaimer: This is not a Financial tool, it cannot used as any kind of advice to invest or risk moneys in any market, Markets are volatile in nature - with little or no warning - and will drain your account if you are not careful. Use only as an academic demonstrator => * Use at your own risk *
Pine Script® indicator
by raul3429
VMA [Extreme Advanced Custom Table for BTCUSD]This indicator implements a Variable Moving Average (VMA) with a 33-period length—selected in homage to the Tesla 369 concept—to dynamically adjust to market conditions. It not only calculates the adaptive VMA but also displays a custom table of key metrics directly on the chart. Here’s how to use it: Apply to Your Chart: Add the indicator to your chart (optimized for BTCUSD, though it can be used on other symbols) and choose your desired source (e.g., close). Customize Your Visuals: Trend & Price Lines: Toggle the trend colors, price line, and bar coloring based on the VMA’s direction. Channels & Slope: Enable the volatility channel and slope line to visualize market volatility and the VMA’s momentum. Pivot Points & Super VMA: Activate pivot high/low markers for potential reversal points and a Super VMA (SMA of VMA) for an extra smoothing layer. Table Customization: Adjust the table’s position, colors, and font sizes as needed for your viewing preference. Monitor Key Metrics: The dynamic table displays essential information: VMA Value & Trend: See the current VMA and whether the trend is Bullish, Bearish, or Neutral. Volatility Index (vI) & Slope: Quickly assess market volatility and the VMA’s slope (both absolute and percentage). Price-VMA Difference & Correlation: Evaluate how far the price is from the VMA and its correlation. Higher Timeframe VMA: Compare the current VMA with its higher timeframe counterpart (set via the “Higher Timeframe” input). Alerts for Key Conditions: Built-in alert conditions notify you when: The trend changes (bullish/bearish). The VMA slope becomes extreme. The price and VMA correlation falls below a defined threshold. The VMA crosses its higher timeframe average. How to Use the Script: Add to Your Chart: Open TradingView and apply the indicator to your BTCUSD (or any other) chart. The indicator will overlay on your chart, plotting the VMA along with optional elements such as the price line, volatility channels, and higher timeframe VMA. Customize Your Settings: Inputs: Choose your data source (e.g., close price). Adjust the VMA length (default is 33) if desired. Visual Options: Toggle trend colors, bar coloring, and additional visuals (price line, volatility channels, slope line, pivot points, and Super VMA) to suit your trading style. Table Customization: Set the table position, colors, border width, and font size to ensure key metrics are easily visible. Higher Timeframe: You can change the higher timeframe input (default is Daily) to better fit your analysis routine. Interpret the Indicator: Trend Analysis: Watch the color-coded VMA line. A rising (orange) VMA suggests bullish momentum, while a falling (red) one indicates bearish conditions. What Sets This Script Apart: Dynamic Adaptation: Unlike a fixed-period moving average, the VMA adjusts its sensitivity in real time by integrating a volatility measure, making it more adaptive to market swings. Multi-Layered Analysis: With integrated volatility channels, pivot points, slope analysis, and a higher timeframe VMA, this tool gives you a fuller picture of market dynamics. Immediate Data at a Glance: The real-time table consolidates multiple key metrics into one view, saving time and reducing the need for additional indicators. Custom Alerts: Pre-built alert conditions allow for timely notifications, ensuring you don’t miss critical market changes.
Pine Script® indicator
by MaximusGains