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[blackcat] L1 Bollinger Bands Width WatcherOVERVIEW The Bollinger Bands Width Watcher is an advanced tool designed to monitor the width of Bollinger Bands, providing insights into market volatility and potential trend reversals. This indicator calculates both absolute and relative widths of the bands, plotting them on the chart for easy visualization. It also generates buy and sell signals based on crossover events, helping traders make informed decisions 📊✅. Today, this article introduces the final member of the Bollinger Bands trio—Bollinger Bands Width (BBW). Derived from the renowned Bollinger Bands, this indicator measures price volatility and identifies trading signals. First, let’s delve into what Bollinger Bands are. They consist of three lines associated with the price of a security: The middle line is typically a 20-day Simple Moving Average (SMA). The upper and lower bands represent two standard deviations above and below the middle band. The Bollinger Bands Width measures the distance between these upper and lower bands. Bollinger Bands Width = (Upper Band - Lower Band) / Middle Band Calculating BBW involves subtracting the lower band from the upper band and dividing by the middle band to obtain the BBW value. However, interpreting BBW values alone isn't enough to determine if they're narrow or wide. Different instruments or timeframes might define narrowness differently. To gauge the significance of band narrowing accurately, analyzing past BBW fluctuations alongside price movements is essential. One prominent theory involving Bollinger Bands is the "squeeze." A squeeze setup comprises two phases: Low volatility, where bands narrow, and prices move sideways. Increased volatility, where prices breach either the upper or lower band, initiating a new trend. During a bullish squeeze, BBW diminishes, and breaking above the upper band signals a new uptrend. Conversely, in a bearish squeeze, BBW declines, and falling below the lower band indicates a new downtrend. While BBW excels at spotting squeezes, traders must exercise caution. Even with a squeeze setup, a robust market trend might not materialize. Validating breakouts necessitates personal judgment and additional confirmation techniques. Now, let's explore key parameters and settings: Length: Defines the period for computing the base SMA, defaulting to 20 days. Source: Specifies the data source per candle, defaulting to the closing price. Standard Deviation: Sets the number of standard deviations from the SMA for the upper and lower bands, defaulting to 2. FEATURES Calculates Bollinger Bands Width using customizable parameters: Smoothing Length: Number of bars used for calculating the moving average and standard deviation. Source Price: Defaults to closing prices but can be adjusted. Standard Deviation Multiplier: Controls the width of the bands. Plots two types of Bollinger Bands Width: Absolute width relative to the basis (Yellow Line). Relative width compared to the close price (Fuchsia Line). Fills the area between the two plotted lines for better visual context 🌈 Generates buy ('Buy') and sell ('Sell') labels based on crossover events 🏷️ Provides alerts for crossover signals to notify users of potential trade opportunities 🔔 HOW TO USE Add the indicator to your TradingView chart by selecting it from the indicators list. Adjust the Smoothing Length, Source Price, and Standard Deviation Multiplier as needed ⚙️. Observe the plotted Bollinger Bands Width lines and filled areas for insights into market volatility. Monitor the chart for buy and sell labels indicating potential trade opportunities. Set up alerts based on the generated signals to receive notifications when conditions are met 📲. LIMITATIONS The indicator may generate false signals in highly volatile or ranging markets 🌪️. Users should combine this indicator with other forms of analysis for more reliable trading decisions. The effectiveness of the indicator may vary depending on the asset and timeframe being analyzed. NOTES Ensure that you have sufficient historical data available for accurate calculations. Test the indicator thoroughly on demo accounts before applying it to live trading 🔍. Customize the appearance and parameters as needed to fit your trading strategy.
Pine Script® indicator
by blackcat1402
Stochastics + Williams VixFix Master Strategy📈 Stochastics + Williams VixFix Master Strategy A precision-built reversal detection tool that combines momentum exhaustion with volatility panic spikes to identify high-probability turning points — especially effective on daily charts for ETFs and indices. 🔍 How It Works: ✅ Buy Signal triggers when: Stochastics %K and %D are both oversold A bullish crossover occurs A VixFix spike confirms market fear ❌ Sell Signal requires: %K and %D overbought A bearish crossover + bearish candle confirmation (lower close and red bar) 🎯 Highlights: Relaxed signal logic to avoid missed opportunities Filters out weak sell signals in choppy zones Clean visuals with background color cues Alerts ready for automation Use this strategy to confidently spot fear-driven bottoms and euphoria-driven tops — before the herd reacts.
Pine Script® indicator
by aldofg
1
RSI Strength & Consolidation Zones (Zeiierman)█ Overview RSI Strength & Consolidation Zones (Zeiierman) is a hybrid momentum and volatility visualization tool that blends enhanced RSI interpretation with ADX-driven consolidation detection. This indicator doesn't just show where RSI is trending — it interprets how strong that trend is, when that strength changes, and where the market may be consolidating in anticipation of breakout movement. Using a combination of Kalman-filtered RSI, custom-built DMI/ADX, and low-volatility zone recognition, it gives traders a dynamic RSI with strength-based coloring, while also highlighting consolidation zones to spot breakout opportunities. █ Its uniqueness Traditional RSI indicators lack context. They may show you when the market is overbought or oversold, but they won’t tell you how strong that condition is, or whether it’s likely to result in continuation or consolidation. This tool aims to solve that by introducing adaptive strength metrics and structural compression zones, allowing traders to anticipate when the market is likely preparing for a move. █ How It Works ⚪ Enhanced RSI Combines traditional RSI and a custom RSI implementation Smooths both through a Kalman filter for trend direction Final RSI line reflects smoothed consensus between manual and built-in RSI Adds an RSI + Strength overlay to show when the directional conviction is increasing ⚪ ADX-Driven Strength Layer Directional Movement Index (DMI) is calculated both manually and with built-in smoothing The average ADX value is used to calculate a strength modifier When ADX exceeds 20, RSI is dynamically enhanced or dampened to reflect directional force Resulting visual: RSI appears stronger or weaker based on confirmed trend conditions ⚪ Consolidation Zone Detection When ADX falls below 20, the indicator enters a consolidation zone state Boxes are drawn dynamically to contain the price within these low-volatility structures Once the price breaks out of the zone, the indicator plots a breakout signal (▲ or ▼) ⚪ Breakouts Breakout markers are placed at the first close outside the consolidation box These signals serve as early indicators for potential trend continuation or reversal █ How to Use ⚪ Confirm Momentum Strength Use the RSI + Strength line to determine whether current momentum is backed by trend conviction. If strength expands alongside rising RSI, the move has confirmation. ⚪ Consolidations Zones When RSI is around the midline, and a consolidation box appears, expect lower volatility and a range-bound market, followed by a breakout. ⚪ Use Breakout Signals for Entry Look for ▲ or ▼ markers as early triggers. These often coincide with volume expansions or structural breaks. █ Settings Explained RSI Length – Number of bars used for RSI. Shorter = more sensitive. DMI Length – Used in both custom and built-in ADX/DI calculations. ADX Smoothing – Smooths the trend strength signal. Higher values = smoother strength detection. Trend Confirmation (Filter Strength) – Adjusts the responsiveness of the Kalman filter. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Pine Script® indicator
by Zeiierman
9
4x Stochastic (20/80 and 15/85)4xstochastic range 20/80 or 15/85 Shows the 4 stochastics with default but ajustable settings: Stochastic 1 (%K1 og %D1): %K Length (periodK1): 9 %K Smoothing (smoothK1): 1 %D Smoothing (periodD1): 3 Stochastic 2 (%K2 og %D2): %K Length (periodK2): 14 %K Smoothing (smoothK2): 1 %D Smoothing (periodD2): 3 Stochastic 3 (%K3 og %D3): %K Length (periodK3): 40 %K Smoothing (smoothK3): 1 %D Smoothing (periodD3): 4 Stochastic 4 (%K4 og %D4): %K Length (periodK4): 60 %K Smoothing (smoothK4): 1 %D Smoothing (periodD4): 10
Pine Script® indicator
by peter_kobbernagel
Stochastics + CM Williams VixFix (Simple Buy Signal)📈 Stochastics + CM Williams VixFix (Simple Buy Signal) This indicator combines two powerful tools to detect potential bottoming opportunities: ✅ Stochastics: Looks for momentum reversals. A signal is triggered when both %K and %D are below the oversold threshold (default: 20), suggesting the asset is deeply oversold. ✅ CM Williams Vix Fix: A volatility-based fear detector. When it spikes above its dynamic threshold, it indicates potential panic selling — often preceding a market bounce. 💡 Buy Signal is generated when: %K and %D are both below 20 VixFix shows a volatility spike (green condition) Use this script to identify high-probability reversal setups, especially during market corrections or panic phases.
Pine Script® indicator
by aldofg
Dual Momentum OSCOverview: Momentum OSC is a dual-layered momentum oscillator that blends multi-timeframe momentum readings with moving average crossovers for deeper insight into trend acceleration and exhaustion. Perfect for confirming trend strength or spotting early shifts in momentum. Features: ✅ Two separate momentum streams with customizable timeframes ✅ Smoothing via moving averages for both momenta ✅ Cross-timeframe momentum structure for confirmation and divergence ✅ Color-coded areas for intuitive visual interpretation ✅ Optional crossover markers to signal bullish/bearish momentum shifts How It Works: The script calculates two momentum values by comparing current price sources against lagged values across separate timeframes. Each is smoothed with a moving average to filter noise. The difference between momentum and its moving average forms a core component of trend strength confirmation. Optional visual circles mark bullish or bearish crossovers. Customizable Inputs: Timeframes, sources, lengths, and MA periods for both momentum streams Toggle to display momentum cross signals (circles) Works on any asset or timeframe
Pine Script® indicator
by adamples01
QuantumSync Pulse [ w.aritas ]QuantumSync Pulse (QSP) is an advanced technical indicator crafted for traders seeking a dynamic and adaptable tool to analyze diverse market conditions. By integrating momentum, mean reversion, and regime detection with quantum-inspired calculations and entropy analysis, QSP offers a powerful histogram that reflects trend strength and market uncertainty. With multi-timeframe synchronization, adaptive filtering, and customizable visualization, it’s a versatile addition to any trading strategy. Key Features Hybrid Signals: Combines momentum and mean reversion, dynamically weighted by market regime. Quantum Tunneling: Enhances responsiveness in volatile markets using volatility-adjusted calculations. 3-State Entropy: Assesses market uncertainty across up, down, and neutral states. Regime Detection: Adapts signal weights with Hurst exponent and volatility ROC. Multi-Timeframe Alignment: Syncs with higher timeframe trends for context. Customizable Histogram: Displays trend strength with ADX-based visuals and flexible styling. How to Use and Interpret Histogram Interpretation Positive (Above Zero): Bullish momentum; color intensity shows trend strength. Negative (Below Zero): Bearish momentum; gradients indicate weakness. Overlaps: Alignment of final_z (signal) and ohlc4 (price) histograms highlights key price levels or turning points. Regime Visualization Green Background: Trending market; prioritize momentum signals. Red Background: Mean-reverting market; focus on reversion signals. Blue Background: Neutral state; balance both signal types. Trading Signals Buy: Histogram crosses above zero or shows positive divergence between histograms. Sell: Histogram crosses below zero or exhibits negative divergence. Confirmation: Match signals with regime background—green for trends, red for ranges. Customization Tweak Momentum Length, Entropy Lookback, and Hurst Exponent Lookback for sensitivity. Adjust color themes and transparency to suit your charts. Tips for Optimal Use Timeframes: Use higher timeframes (1h, 4h) for trend context and lower (5m, 15m) for entries. Pairing: Combine with RSI, MACD, or volume indicators for confirmation. Backtesting: Test settings on historical data for asset-specific optimization. Overlaps: Watch for histogram overlaps to identify support, resistance, or reversals. Simulated Performance Trending Markets: Histogram stays above/below zero, with overlaps at retracements for entries. Range-Bound Markets: Oscillates around zero; overlaps signal reversals in red regimes. Volatile Markets: Quantum tunneling ensures quick reactions, with filters reducing noise. Elevate your trading with QuantumSync Pulse—a sophisticated tool that adapts to the market’s rhythm and your unique style.
Pine Script® indicator
by insidermike
Volume by PriceDescription: This Pine Script v6 indicator displays a chart that multiplies the volume by the closing price for each bar. It's often referred to as "monetary volume" or "traded value." This allows for the visualization of monetary activity on a price chart. Technical Insights: - Calculation: The indicator simply multiplies the volume of each bar (volume) by its closing price (close). - Display: The result is plotted as a line in a separate pane below the main price chart. The height of the line at each point represents the product of the volume and the closing price at that time. - Interpretation: - Spikes in Volume * Price: Indicate significant monetary activity. This can signal strong interest in the asset at that price level. - Low Volume * Price: Suggests a lack of interest or conviction. - Divergences: If volume * price increases while the price decreases (or vice versa), it may signal a weakening of the current trend. How to Use: 1. Identify Areas of Interest: Look for significant spikes in the volume * price chart. These areas may coincide with key support or resistance levels. 2. Confirm Trends: A price movement upwards (or downwards) accompanied by an increase in volume * price strengthens the validity of that trend. 3. Spot Divergences: Pay attention to situations where the volume * price does not confirm the price movement. This could indicate a potential reversal. 4. Combine with Other Indicators: Use this indicator in conjunction with other technical analysis tools (moving averages, RSI, MACD, etc.) for a more comprehensive view. Potential Applications: - Breakout Confirmation: A breakout of a price level (support or resistance) accompanied by increased volume * price is a stronger signal than a breakout with low volume. - Identifying High Activity Zones: This indicator can help pinpoint price levels where a lot of trading has occurred, potentially indicating future support/resistance areas. - Analyzing Market Participation: High volume * price suggests strong participation, while low volume * price indicates a lack of interest. - Detecting Divergences: Divergences between volume * price and price can signal potential trend reversals. - Momentum Trading: Combined with other momentum indicators, it can help identify entry and exit points. Important Notes: - This indicator is based on the closing price. It does not take into account the highs and lows of each bar. - Volume * price is an analysis tool, not a standalone trading system. It should be used in conjunction with other indicators and strategies. - The interpretation of volume * price may vary depending on the market and the time frame being analyzed. Feel free to adapt this description to your own style and needs. You can also add concrete examples or screenshots to illustrate its use.
Pine Script® indicator
by DanyBedard2309
CyberCandle SwiftEdgeCyberCandle SwiftEdge Overview CyberCandle SwiftEdge is a cutting-edge, AI-inspired trading indicator designed for traders seeking precision and clarity in trend-following and swing trading. Powered by SwiftEdge, it combines Heikin Ashi candles, a gradient-colored Exponential Moving Average (EMA), and a Relative Strength Index (RSI) to deliver clear buy and sell signals. Featuring glowing visuals, dynamic signal icons, and a customizable RSI dashboard in the top-right corner, this script offers a futuristic interface for identifying high-probability trade setups on various timeframes (e.g., 1H, 4H). What It Does CyberCandle SwiftEdge integrates three powerful components to generate actionable trading signals: Heikin Ashi Candles: Smooths price action to highlight trends, reducing market noise and making reversals easier to spot. Gradient EMA: A 100-period EMA with dynamic color transitions (blue/cyan for uptrends, red/pink for downtrends) to confirm market direction. RSI Dashboard: A neon-lit display showing RSI levels, indicating overbought (>70), oversold (<30), or neutral (30-70) conditions. Buy and sell signals are marked with prominent, glowing icons (triangles and arrows) based on trend direction, momentum, and specific Heikin Ashi patterns. The script’s customizable parameters allow traders to tailor the strategy to their preferences, balancing signal frequency and precision. How It Works The strategy leverages the synergy of Heikin Ashi, EMA, and RSI to filter trades and highlight opportunities: Trend Direction: The price must be above the EMA for buy signals (bullish trend) or below for sell signals (bearish trend). The EMA’s gradient color shifts based on its slope, visually reinforcing trend strength. Momentum Confirmation: RSI must exceed a user-defined threshold (default: 50) for buy signals or fall below it for sell signals, ensuring momentum supports the trade. Candle Patterns: Buy signals require a green Heikin Ashi candle (close > open), with the two prior candles having minimal upper wicks (≤5% of candle body) and being red (indicating a retracement). Sell signals require a red candle, minimal lower wicks, and two prior green candles. RSI Dashboard: Positioned in the top-right corner, it features a glowing circle (red for overbought, green for oversold, blue for neutral), the current RSI value, and a status indicator (triangle for extremes, square for neutral). This provides instant momentum insights without cluttering the chart. By combining Heikin Ashi’s trend clarity, EMA’s directional filter, and RSI’s momentum validation, CyberCandle SwiftEdge minimizes false signals and highlights trades with strong potential. Its vibrant, AI-like visuals make it easy to interpret at a glance. How to Use It Add to Chart: In TradingView, search for "CyberCandle SwiftEdge" and add it to your chart. Set the chart to Heikin Ashi candles for optimal compatibility. Interpret Signals: Buy Signal: Large green triangles and arrows appear below candles when the price is above the EMA, RSI is above the buy threshold (default: 50), and conditions for a bullish retracement are met. Consider entering a long position with a 1:2 risk/reward ratio. Sell Signal: Large red triangles and arrows appear above candles when the price is below the EMA, RSI is below the sell threshold (default: 50), and conditions for a bearish retracement are met. Consider entering a short position. RSI Dashboard: Monitor the top-right dashboard. A red circle (RSI > 70) suggests caution for buys, a green circle (RSI < 30) indicates potential buying opportunities, and a blue circle (RSI 30-70) signals neutrality. Customize Parameters: Open the indicator’s settings to adjust: EMA Length (default: 100): Increase (e.g., 200) for longer-term trends or decrease (e.g., 50) for shorter-term sensitivity. RSI Length (default: 14): Adjust for more (e.g., 7) or less (e.g., 21) responsive momentum signals. RSI Buy/Sell Thresholds (default: 50): Set higher (e.g., 55) for buys or lower (e.g., 45) for sells to require stronger momentum. Wick Tolerance (default: 0.05): Increase (e.g., 0.1) to allow larger wicks, generating more signals, or decrease (e.g., 0.02) for stricter conditions. Require Retracement (default: true): Disable to remove the two-candle retracement requirement, increasing signal frequency. Trading: Use signals in conjunction with the RSI dashboard and market context. For example, avoid buy signals if the RSI dashboard is red (overbought). Always apply proper risk management, such as setting stop-losses based on recent lows/highs. What Makes It Original CyberCandle SwiftEdge stands out due to its futuristic, AI-inspired visual design and user-friendly customization: Neon Aesthetics: Glowing Heikin Ashi candles, gradient EMA, and dynamic signal icons (triangles and arrows) with RSI-driven transparency create a high-tech, immersive experience. RSI Dashboard: A compact, top-right display with a neon circle, RSI value, and adaptive status indicator (triangle/square) provides instant momentum insights without cluttering the chart. Customizability: Users can fine-tune EMA length, RSI parameters, wick tolerance, and retracement requirements via TradingView’s settings, balancing signal frequency and precision. Integrated Approach: The synergy of Heikin Ashi’s trend clarity, EMA’s directional strength, and RSI’s momentum validation offers a cohesive strategy that reduces false signals. Why This Combination? The script combines Heikin Ashi, EMA, and RSI for a complementary effect: Heikin Ashi smooths price fluctuations, making it ideal for identifying sustained trends and retracements, which are critical for the strategy’s signal logic. EMA provides a reliable trend filter, ensuring signals align with the broader market direction. Its gradient color enhances visual trend recognition. RSI adds momentum context, confirming that signals occur during favorable conditions (e.g., RSI > 50 for buys). The dashboard makes RSI intuitive, even for non-technical users. Together, these components create a balanced system that captures trend reversals after retracements, validated by momentum, with a visually engaging interface that simplifies decision-making. Tips Best used on volatile assets (e.g., BTC/USD, EUR/USD) and higher timeframes (1H, 4H) for clearer trends. Experiment with parameters in the settings to match your trading style (e.g., increase wick tolerance for more signals). Combine with other analysis (e.g., support/resistance) for higher-confidence trades. Note This indicator is for informational purposes and does not guarantee profits. Always backtest and use proper risk management before trading.
Pine Script® indicator
by SwiftEdge
Top & Bottom Search ~ Experimental Top & Bottom Search ~ Experimental This script is designed to identify potential market reversal zones using a combination of classic candlestick patterns (Piercing Line & Dark Cloud Cover) and trend confirmation tools like EMA positioning and optional RSI filters. Core Features: Detects Piercing Line and Dark Cloud Cover patterns. Optional EMA filter to confirm bullish or bearish alignment. Optional RSI filter to confirm oversold or overbought conditions. Visual plot of the selected EMA (customizable thickness & color). Clean and toggleable inputs for user flexibility. Customizable Settings: Enable/disable EMA confirmation. Enable/disable RSI confirmation. Choose whether to display the EMA on the chart. Adjust EMA period, RSI thresholds, and candle visuals. Note: This is an experimental tool, best used as a supplement to your existing analysis. Not every signal is a guaranteed reversal—this script aims to highlight potential turning points that deserve closer attention. I HIGHLY recommend using this in coherence with many other indicators in a robust system of indicators that meet your desired time frames and signal periods. NOTES* 1.) An alternative way to view this indicator is as a "Piercing & Dark Cloud Candle Indicator/Strategy w/ EMA & RSI Logic - Either EMA or RSI Logics are Optional." 2.) When toggling between the RSI and EMA Filters, the default is set to RSI filter applied, however you cannot have both RSI signals and EMA filters on the chart at the same time, it can only be one or the other. So be aware that if you have EMA filter ON and select RSI filter, it will only be displaying the RSI filtered outputs. The ONLY WAY to see the EMA filtered outputs is to only have the EMA filter box checked and NOT the RIS filter box. 3.) Clarity: The display image above for the indicator is with only the RSI filter setting on. EMA filter is an option as well that I recommend considering when conducting trades/analysis.
Pine Script® indicator
by alphainvestor123
Market Regime Detection – Breakout/down w/ ADX & EMA Filter Market Regime Detection – Breakout/down w/ ADX & EMA Filter By: alphainvestor123 This indicator helps you visually detect whether the market is in a trending or mean-reverting regime by combining: Core Logic: Breakouts: Price exceeds recent highs (or lows), suggesting trending behavior. EMA Filter: Confirms bullish or bearish bias based on price vs. EMA. VHF (Vertical Horizontal Filter): Measures the trend strength. VHF value is multiplied by 1000 in the event you wish to display it onto your BTC or Crypto chart, it will be visible on your chart, no need to scroll down to see. VHF ≥ 3333 = Trending Regime VHF ≤ 3333 = Mean-Reverting / Rangebound Key Features: - Plot of recent high/low breakout levels. - Background highlights breakout signals (trending market). - Optional background for breakdown signals (non-trending market). - Optional VHF and EMA plots for further confirmation. - Adjustable inputs to control signal sensitivity and chart visuals. Inputs: Lookback Periods for breakout/breakdown EMA Length and Line Thickness Toggle VHF/EMA/Signal Display Custom Colors for bullish/bearish trends Ideal Use Cases: Determining market regime Filtering for momentum/trend continuation setups Avoiding false signals in mean-reverting market conditions *Best used on 1D chart as seen on the sample display, I find this most useful for detecting long term trend breakouts/breakdowns and mean reverting regimes. *to clarify: breakouts/trend regimes can only be marked if: 1. Candle has the highest high out of the last 40 bars (default indicator setting, can be customized by user) 2. EMA on the desired asset is bullish 3. ADX is >= a value of 3,333 Visa versa logic for breakdowns/mean reverting regime detection.
Pine Script® indicator
by alphainvestor123
RSI Bars cleanan update of the excellent concept of RSI chart bars by Glaz ... modified to add a filter for how many bars would be considered a valid signal, optional arrows on valid signals, coloring separate for bar, wick, and body to make RSI bars more obvious, and multi-timeframe ability. Screenshot is set to 8/70/30 and at least 3 RSI bars for an arrow. Highlights are I believe slightly different from original script as well. The emphasis here is on overheated bars that then cool off. Bars are colored when RSI crosses up through 70 then coloring stops when RSI crosses back down through 70. Same at bottom when RSI crosses down below 30 then back up through 30. These numbers as well as the frequency are user changeable. Helps with identifying tops/bottoms of cycles. Fine Print - Your mileage may vary. All standard exclusions apply. Not liable for account injury of any sort. Do not follow too closely. Not responsible for broken windshields.
Pine Script® indicator
by surfchaser
Express Generator StrategyExpress Generator Strategy Pine Script™ v6 The Express Generator Strategy is an algorithmic trading system that harnesses confluence from multiple technical indicators to optimize trade entries and dynamic risk management. Developed in Pine Script v6, it is designed to operate within a user-defined backtesting period—ensuring that trades are executed only during chosen historical windows for targeted analysis. How It Works: - Entry Conditions: The strategy relies on a dual confirmation approach:- A moving average crossover system where a fast (default 9-period SMA) crossing above or below a slower (default 21-period SMA) average signals a potential trend reversal. - MACD confirmation; trades are only initiated when the MACD line crosses its signal line in the direction of the moving average signal. - An RSI filter refines these signals by preventing entries when the market might be overextended—ensuring that long entries only occur when the RSI is below an overbought level (default 70) and short entries when above an oversold level (default 30). - Risk Management & Dynamic Position Sizing: The strategy takes a calculated approach to risk by enabling the adjustment of position sizes using:- A pre-defined percentage of equity risk per trade (default 1%, adjustable between 0.5% to 3%). - A stop-loss set in pips (default 100 pips, with customizable ranges), which is then adjusted by market volatility measured through the ATR. - Trailing stops (default 50 pips) to help protect profits as the market moves favorably. This combination of volatility-adjusted risk and equity-based position sizing aims to harmonize trade exposure with prevailing market conditions. - Backtest Period Flexibility: Users can define the start and end dates for backtesting (e.g., January 1, 2020 to December 31, 2025). This ensures that the strategy only opens trades within the intended analysis window. Moreover, if the strategy is still holding a position outside this period, it automatically closes all trades to prevent unwanted exposure. - Visual Insights: For clarity, the strategy plots the fast (blue) and slow (red) moving averages directly on the chart, allowing for visual confirmation of crossovers and trend shifts. By integrating multiple technical indicators with robust risk management and adaptable position sizing, the Express Generator Strategy provides a comprehensive framework for capturing trending moves while prudently managing downside risk. It’s ideally suited for traders looking to combine systematic entries with a disciplined and dynamic risk approach.
Pine Script® strategy
by bengles
SynchroTrend Oscillator (STO) [PhenLabs]📊 SynchroTrend Oscillator Version: PineScript™ v5 📌 Description The SynchroTrend Oscillator (STO) is a multi-timeframe synchronization tool that combines trend information from three distinct timeframes into a single, easy-to-interpret oscillator ranging from -100 to +100. This indicator solves the common problem of having to analyze multiple timeframe charts separately by consolidating trend direction and strength across different time horizons. The STO helps traders identify when markets are truly synchronized across timeframes, potentially indicating stronger trend conditions and higher probability trading opportunities. Using either Moving Average crossovers or RSI analysis as the trend definition metric, the STO provides a comprehensive view of market structure that adapts to various trading strategies and market conditions. 🚀 Points of Innovation Triple-timeframe synchronization in a single view eliminates chart switching Dual trend detection methods (MA vs Price or RSI) for flexibility across different markets Dynamic color intensity that automatically increases with signal strength Scaled oscillator format (-100 to +100) for intuitive trend strength interpretation Customizable signal thresholds to match your risk tolerance and trading style Visual alerts when markets reach full synchronization states 🔧 Core Components Trend Scoring System: Calculates a binary score (+1, -1, or 0) for each timeframe based on selected metrics, providing clear trend direction Multi-Timeframe Synchronization: Combines and scales trend scores from all three timeframes into a single oscillator Dynamic Visualization: Adjusts color transparency based on signal strength, creating an intuitive visual guide Threshold System: Provides customizable levels for identifying potentially significant trading opportunities 🔥 Key Features Triple Timeframe Analysis: Synchronizes three user-defined timeframes (default: 60min, 15min, 5min) into one view Dual Trend Detection Methods: Choose between Moving Average vs Price or RSI-based trend determination Adjustable Signal Smoothing: Apply EMA, SMA, or no smoothing to the oscillator output for your preferred signal responsiveness Dynamic Color Intensity: Colors become more vibrant as signal strength increases, helping identify strongest setups Customizable Thresholds: Set your own buy/sell threshold levels to match your trading strategy Comprehensive Alerts: Six different alert conditions for crossing thresholds, zero line, and full synchronization states 🎨 Visualization Oscillator Line: The main line showing the synchronized trend value from -100 to +100 Dynamic Fill: Area between oscillator and zero line changes transparency based on signal strength Threshold Lines: Optional dotted lines indicating buy/sell thresholds for visual reference Color Coding: Green for bullish synchronization, red for bearish synchronization 📖 Usage Guidelines Timeframe Settings Timeframe 1: Default: 60 (1 hour) - Primary higher timeframe for trend definition Timeframe 2: Default: 15 (15 minutes) - Intermediate timeframe for trend definition Timeframe 3: Default: 5 (5 minutes) - Lower timeframe for trend definition Trend Calculation Settings Trend Definition Metric: Default: “MA vs Price” - Method used to determine trend on each timeframe MA Type: Default: EMA - Moving Average type when using MA vs Price method MA Length: Default: 21 - Moving Average period when using MA vs Price method RSI Length: Default: 14 - RSI period when using RSI method RSI Source: Default: close - Price data source for RSI calculation Oscillator Settings Smoothing Type: Default: SMA - Applies smoothing to the final oscillator Smoothing Length: Default: 5 - Period for the smoothing function Visual & Threshold Settings Up/Down Colors: Customize colors for bullish and bearish signals Transparency Range: Control how transparency changes with signal strength Line Width: Adjust oscillator line thickness Buy/Sell Thresholds: Set levels for potential entry/exit signals ✅ Best Use Cases Trend confirmation across multiple timeframes Finding high-probability entry points when all timeframes align Early detection of potential trend reversals Filtering trade signals from other indicators Market structure analysis Identifying potential divergences between timeframes ⚠️ Limitations Like all indicators, can produce false signals during choppy or ranging markets Works best in trending market conditions Should not be used in isolation for trading decisions Past performance is not indicative of future results May require different settings for different markets or instruments 💡 What Makes This Unique Combines three timeframes in a single visualization without requiring multiple chart windows Dynamic transparency feature that automatically emphasizes stronger signals Flexible trend definition methods suitable for different market conditions Visual system that makes multi-timeframe analysis intuitive and accessible 🔬 How It Works 1. Trend Evaluation: For each timeframe, the indicator calculates a trend score (+1, -1, or 0) using either: MA vs Price: Comparing close price to a moving average RSI: Determining if RSI is above or below 50 2. Score Aggregation: The three trend scores are combined and then scaled to a range of -100 to +100 A value of +100 indicates all timeframes show bullish conditions A value of -100 indicates all timeframes show bearish conditions Values in between indicate varying degrees of alignment 3. Signal Processing: The raw oscillator value can be smoothed using EMA, SMA, or left unsmoothed The final value determines line color, fill color, and transparency settings Threshold levels are applied to identify potential trading opportunities 💡 Note: The SynchroTrend Oscillator is most effective when used as part of a comprehensive trading strategy that includes proper risk management techniques. For best results, consider using the oscillator in conjunction with support/resistance levels, price action analysis, and other complementary indicators that align with your trading style.
Pine Script® indicator
by PhenLabs
Jinsu RSI 14### 🔍 **Jinsu RSI 14 – EMA 9 & WMA 45** **Description:** This custom indicator combines the classic RSI (Relative Strength Index) with two moving averages — EMA (Exponential Moving Average) and WMA (Weighted Moving Average) — applied directly to the RSI value to provide more nuanced momentum signals. ### 📊 **How It Works** - **RSI 14** measures market momentum and identifies overbought (above 70) or oversold (below 30) conditions. - **EMA 9 on RSI** responds quickly to short-term changes, signaling momentum shifts. - **WMA 45 on RSI** captures long-term sentiment, while placing more emphasis on recent data. ### 🧠 **Signal Interpretation** - **RSI crosses above EMA 9** → Possible bullish momentum shift. - **RSI falls below EMA 9** → Possible bearish momentum shift. - **EMA 9 crosses above WMA 45** → Strong bullish momentum. - **EMA 9 falls below WMA 45** → Strong bearish momentum. - **RSI is between EMA 9 & WMA 45** → Market may be consolidating or oscillating. ### 🎨 **Visual Enhancement** - The neutral zone (RSI between 30–70) is lightly shaded purple to reduce visual noise. - When **RSI > 70**, a green color appears and intensifies with higher RSI values, highlighting strong buying pressure. - All values are displayed with two decimal precision for clarity. This tool is ideal for trend-following traders and momentum-based strategies, helping you recognize early shifts in market sentiment with visual cues and cross confirmations.
Pine Script® indicator
by JinsuReal
Reverse Relative Strength Indicator [RRSI]🌀 Reverse Relative Strength Indicator (RRSI) RRSI is a custom-built indicator inspired by the traditional RSI, but with a reverse logic. It aims to capture reverse momentum within strong trends, making it especially useful for identifying contrarian overbought/oversold zones in trending markets. 📌 Key Features: ✅ Built on a price momentum reversal mechanism, ideal for spotting short-term pullback opportunities within trends ✅ Default range ; values above 80 indicate reverse overbought, below 20 indicate reverse oversold ✅ Works best when combined with RSI/MACD for multi-factor strategies 📈 Use Cases: 📍 Catching pullback entries during trending markets 📍 Spotting reversal signals in ranging conditions 📍 Serving as a filter for entry/exit conditions in automated trading systems 🧠 Strategy Suggestions: In strong trend conditions (e.g., when moving averages are aligned), consider buying when RRSI drops below 20 In sideways markets, look for selling opportunities when RRSI enters overbought zones, especially near resistance or upper Bollinger Bands 📐 Fully customizable parameters for personalized optimization.
Pine Script® indicator
by BitcoinRB