Get started

Indicators and strategies

VIX-Price Covariance MonitorThe VIX-Price Covariance Monitor is a statistical tool that measures the evolving relationship between a security's price and volatility indices such as the VIX (or VVIX). It can give indication of potential market reversal, as typically, volatility and the VIX increase before markets turn red, This indicator calculates the Pearson correlation coefficient using the formula: ρ(X,Y) = cov(X,Y) / (σₓ × σᵧ) Where: ρ is the correlation coefficient cov(X,Y) is the covariance between price and the volatility index σₓ and σᵧ are the standard deviations of price and the volatility index Enjoy! Features Dual Correlation Periods: Analyze both short-term and long-term correlation trends simultaneously Adaptive Color Coding: Correlation strength is visually represented through color intensity Market Condition Assessment: Automatic interpretation of correlation values into actionable market insights Leading/Lagging Analysis: Optional time-shift analysis to detect predictive relationships Detailed Information Panel: Real-time statistics including current correlation values, historical averages, and trading implications Interpretation Positive Correlation (Red): Typically bearish for price, as rising VIX correlates with falling markets. This is what traders should be looking for. Negative Correlation (Green): Typically bullish for price, as falling VIX correlates with rising markets How to use it Apply the indicator to any chart to see its correlation with the default VIX index Adjust the correlation length to match your trading timeframe (shorter for day trading, longer for swing trading) Enable the secondary correlation period to compare different timeframes simultaneously For advanced analysis, enable the Leading/Lagging feature to detect if VIX changes precede or follow price movements Use the information panel to quickly assess the current market condition and potential trading implications
Pine Script® indicator
by HenriqueCentieiro
Simple ## User Guide for the Simple I. Indicator Philosophy This indicator is not a simple system that provides only one type of signal. It is an advanced tool that analyzes the market using three independent "engines," each specializing in detecting a different type of trading opportunity. Its goal is to identify high-probability setups by filtering out market noise. II. Legend – What You See on the Chart Before we proceed to the signals, you need to understand what each visual element represents: Orange Line (200 EMA): This is the main, long-term trend indicator. It acts like a river – if the price flows above it, we look for buying opportunities (LONG). If it's below, we look for selling opportunities (SHORT). The Ribbon (green/red): Represents short-term momentum and acts as a dynamic support/resistance zone. A green ribbon suggests buying strength, while a red one suggests selling pressure. Kijun-sen Line (blue/red): This is the medium-term "center of gravity" of the market. It shows the price equilibrium. Its position relative to the price and the ribbon is crucial for many signals. Gray Background: This is a "NO-TRADE ZONE." It appears when the ADX indicator shows that the market is in consolidation and lacks a clear trend. Most signals are ignored in these areas. ## III. The Three Signal Engines – When to Consider a Position The indicator generates three different types of signals, each with its own characteristics and risk profile. 1. LONG / SHORT Labels (The Pullback Engine - Conservative) Character: Safe, conservative, trend-following. Appears the least frequently. How it works: It looks for ideal, "textbook" conditions. For a LONG signal, all indicators must be in full alignment (price > ribbon > Kijun > orange line), the trend must be strong (high ADX), AND the price must make a pullback to the ribbon and then bounce off it. When to consider a position: When you see this signal, you are entering a well-developed, healthy trend. It's a high-probability entry, but often not at the very beginning of the move. Ideal for traders who value safety. 2. 🔵 / 🟣 Circles (The Squeeze Engine - Moderate) Character: Moderately aggressive, looks for the beginning of a new, dynamic move. How it works: It searches for periods of consolidation and low volatility (when the market is "gathering energy"). The signal (a circle) appears at the moment the price breaks out of this consolidation, and the direction of the breakout is confirmed by the Kijun-sen line. When to consider a position: When you see the price has been moving sideways for a while, and then a circle appears. This is a sign that the consolidation phase has likely ended and a new impulse is beginning. Ideal for catching "fresh" moves. 3. ⚡ Lightning Bolt (The Reversal Engine - Aggressive) Character: Aggressive, contrarian, attempts to catch sharp reversals. This is the riskiest signal. How it works: It ignores most of the trend filters. Its sole purpose is to find a moment where the price, after a sharp and overextended move in one direction, suddenly reverses on a strong candle with high volume. When to consider a position: When you want to take a risk to catch the very bottom (V-bottom) or top (V-top). This signal requires the most experience. It is recommended to only take it when it appears near a significant, horizontal support or resistance level. Never take it "in a vacuum." IV. Summary and Practical Strategy Signal Signal Type Character Ideal Market Conditions LONG/SHORT Pullback Entry Conservative A strong, developed, and healthy trend. 🔵/🟣 Squeeze Breakout Moderate The end of a sideways move, the beginning of a new impulse. ⚡ Sharp Reversal Aggressive Market panic, oversold/overbought conditions at a key S/R level. Eksportuj do Arkuszy
Pine Script® indicator
by o_l_d_1
1
Last xHL📈 Last xHL – Visualize Key Highs and Lows This script highlights the most recent significant highs and lows over a user-defined period, helping traders quickly identify key support and resistance zones. 🔍 Features: Highest High (HH) and Highest Close/Open (HC) lines Lowest Low (LL) and Lowest Close/Open (LC) lines Dynamic updates with each new bar Gradient-filled zones between HH–HC and LL–LC for visual clarity ⚙️ Customization: Adjustable lookback period (_length) to suit your trading style Color-coded lines and fills for quick interpretation 🧠 Use Case: This tool is ideal for traders who want to: Spot potential breakout or reversal zones Identify price compression or expansion areas Enhance their technical analysis with visual cues This script is for educational and informational purposes only. It does not constitute financial advice. Always do your own research before making trading decisions.
Pine Script® indicator
by emreyavuz84
High Accuracy Volume Breakout StrategyHigh Accuracy Volume Breakout Strategy (EMA + RSI Filter) 🧠 Description: This is a high-accuracy breakout strategy based on volume surges, trend confirmation, and momentum filtering, designed for intraday and short-term trading. The strategy aims to capture strong directional moves triggered by sudden increases in volume, with entry filters to avoid low-quality or choppy signals. ✅ Entry Logic: 🔺 Buy Entry Conditions: Current candle closes above previous high Volume is greater than 1.5× the 20-period average Price is above 50 EMA (uptrend confirmation) RSI is below 70 (not overbought) 🔻 Sell Entry Conditions: Current candle closes below previous low Volume is greater than 1.5× the 20-period average Price is below 50 EMA (downtrend confirmation) RSI is above 30 (not oversold) 🎯 Exit Logic: Stop Loss: 1.2 × ATR(14) Take Profit: 2.0 × ATR(14) 🧪 Recommended Settings: Parameter Value Timeframe 5-minute, 15-minute Markets Gold (XAUUSD), Nifty, BankNifty, BTC, NASDAQ Risk/Reward ~1:1.6 Expected Accuracy ~65–75% in trending markets 📊 Features: 🔸 ATR-based dynamic stoploss and target 🔸 Volume spike confirmation to detect real breakouts 🔸 EMA 50 trend filter to reduce false signals 🔸 RSI filter to avoid extreme zones (overbought/oversold) 🔸 Plotted buy/sell arrows for clarity ⚠️ Disclaimer: This strategy is for educational purposes only. Please backtest and paper trade before using in live markets. Performance may vary depending on asset and timefram plot(ema50, color=color.orange)
Pine Script® strategy
by pandeybhavesh250502
Multi SMA AnalyzerMulti SMA Analyzer with Custom SMA Table & Advanced Session Logic A feature-rich SMA analysis suite for traders, offering up to 7 configurable SMAs, in-depth trend detection, real-time table, and true session-aware calculations. Ideal for those who want to combine intraday, swing, and higher-timeframe trend analysis with maximum chart flexibility. Key Features 📊 Multi-SMA Overlay - 7 SMAs (default: 5, 20, 50, 100, 200, 21, 34)—individually configurable (period, source, color, line style) - Show/hide each SMA, custom line style (solid, stepline, circles), and color logic - Dynamic color: full opacity above SMA, reduced when below ⏰ Session-Aware SMAs - Each SMA can be calculated using only user-defined session hours/days/timezone - “Ignore extended hours” option for accurate intraday trend 📋 Smart Data Table - Live SMA values, % distance from price, and directional arrows (↑/↓/→) - Bull/Bear/Sideways trend classification - Custom table position, size, colors, transparency - Table can run on chart or custom (higher) timeframe for multi-TF analysis 🎯 Golden/Death Cross Detection - Flexible crossover engine: select any two from (5, 10, 20, 50, 100, 200) for fast/slow SMA cross signals - Plots icons (★ Golden, 💀 Death), optional crossover labels with custom size/colors 🏷️ SMA Labels - Optional on-chart SMA period labels - Custom placement (above/below/on line), size, color, offset 🚨 Signal & Trend Engine - Bull/Bear/Sideways logic: price vs. multiple SMAs (not just one pair) - Volume spike detection (2x 20-period SMA) - Bullish engulfing candlestick detection - All signals can use chart or custom table timeframe 🎨 Visual Customization - Dynamic background color (Bull: green, Bear: red, Neutral: gray) - Every visual aspect is customizable: label/table colors, transparency, size, position 🔔 Built-in Alerts - Crossovers (SMA20/50, Golden/Death) - Bull trend, volume spikes, engulfing pattern—all alert-ready How It Works - Session Filtering: - SMAs can be set to count only bars from your chosen market session, for true intraday/trading-hour signals Dynamic Table & Signals: - Table and all signal logic run on your selected chart or custom timeframe Flexible Crossover: - Choose any pair (5, 10, 20, 50, 100, 200) for cross detection—SMA 10 is available for crossover even if not shown as an SMA line Everything is modular: - Toggle features, set visuals, and alerts to your workflow 🚨 How to Use Alerts - All key signals (crossovers, trend shifts, volume spikes, engulfing patterns) are available as alert conditions. To enable: - Click the “Alerts” (clock) icon at the top of TradingView. - Select your desired signal (e.g., “Golden Cross”) from the condition dropdown. - Set your alert preferences and create the alert. - Now, you’ll get notified automatically whenever a signal occurs! Perfect For - Multi-timeframe and swing traders seeking higher timeframe SMA confirmation - Intraday traders who want to ignore pre/post-market data - Anyone wanting a modern, powerful, fully customizable multi-SMA overlay // P.S: Experiment with Golden Cross where Fast SMA is 5 and Slow SMA is 20. // Set custom timeframe for 4 hr while monitoring your chart on 15 min time frame. // Enable Background Color and Use Table Timeframe for Background. // Uncheck Pine labels in Style tab. Clean, open-source, and loaded with pro features—enjoy! Like, share, and let me know if you'd like any new features added.
Pine Script® indicator
by Fullymobile
FVG + RSI Sweep M15FVG + RSI Sweep M15 – Smart Liquidity Trading Indicator This indicator is designed for high-probability intraday trading, optimized for the 15-minute timeframe (M15). It combines: Fair Value Gap (FVG) detection – reveals price imbalance zones RSI reversal signals – identifies overbought/oversold exhaustion Liquidity sweep logic – confirms fakeouts beyond recent highs/lows Time filter – focuses only on high-volume London & New York sessions When all conditions align, it generates clean Buy/Sell signals, with automatic TP and SL levels based on risk–reward logic. Ideal for traders seeking 1–2 precise trades per day with minimal noise.
Pine Script® indicator
by kiemtienso
4 diffs (CB & IBIT Premium)📊 Script Name: 4 diffs (CB & IBIT Premium) Version: Pine Script® v6 Overlay: Yes (table displayed on chart) 🧠 What it Does: This script tracks four important Bitcoin price differentials to monitor spot/perpetual/futures price inefficiencies and ETF premium/discounts, and displays them in a live table on the chart. It helps traders identify arbitrage opportunities or institutional pricing signals. 📈 Displayed Metrics: Coinbase Premium → Difference between Coinbase spot and Binance spot prices. → Use case: US vs. offshore spot market divergence. Coinbase Spot vs Binance Perpetual → Difference between Coinbase spot and Binance perpetual price. → Use case: Spot-perp basis, often used for funding rate insights or market stress. Bybit vs Binance Perpetual → Difference between Bybit perp and Binance perp price. → Use case: Compare derivative pricing across major offshore exchanges. IBIT Premium (CME vs ETF-implied) → Compares CME futures price vs. IBIT’s implied spot BTC value → IBIT implied BTC = IBIT ETF price ÷ (BTC held / shares outstanding) → Use case: Gauge institutional premium/discount and ETF arbitrage clues. 🛠️ Customization: Text color of the table is adjustable via the input setting. 📌 Visual Output: A fixed 2×4 table appears in the top-right corner of the chart. Each row shows a label and the live price difference in USD.
Pine Script® indicator
by LLVVB
Lum3n Trend CloudLum3n Trend Cloud The Lum3n Trend Cloud is a lightweight, easy-to-read trend indicator that helps traders quickly identify bullish, bearish, or neutral conditions using two customizable EMAs (Exponential Moving Averages). How It Works: The indicator uses a short-term EMA and a long-term EMA to determine trend direction. A bullish trend is confirmed when: Price is above both EMAs The short-term EMA is above the long-term EMA A bearish trend is confirmed when: Price is below both EMAs The short-term EMA is below the long-term EMA All other cases are considered neutral or consolidating. Visual Features: Candle Color: 🟢 Lime = Bullish 🔴 Red = Bearish 🟠 Orange = Neutral Trend Cloud Fill: A color-coded band fills the space between the EMAs: Green when bullish Red when bearish Orange when neutral EMAs: Green = Short-term EMA Red = Long-term EMA How to Use It: Use trend direction for trade confirmation or directional bias. Combine with price action, support/resistance, or volume for entries. Neutral zones may signal consolidation, transitions, or chop — avoid overtrading here. Inputs: Short-Term EMA Length (default: 8) Long-Term EMA Length (default: 21)
Pine Script® indicator
by Lum3n
SMA Ratio w/ RSI, BB & EMAOverview: This strategy combines signal-based trend logic with advanced volatility filters, RSI confirmation, dynamic stop-loss/take-profit levels, and higher-timeframe (HTF) trend validation. A fully visual dashboard provides live feedback on market conditions, win rates, and current signal strength. Key Features: 🔁 Dynamic Stop-Loss/Take-Profit based on ATR and signal strength 📶 Gradient Signal Strength using custom SMA/EMA crossovers 📊 Higher Timeframe Trend Filter for directional bias 🌀 Bollinger Band Squeeze Filter to detect low-volatility breakout zones 💹 RSI Filter to avoid overbought/oversold traps 🧠 Signal Classification: Detects LH/HL Buy/Sell setups and displays them as labels (e.g., "LH Buy", "HL Sell") 🧾 Live Dashboard: Displays signal strength, trend status, volatility, win rate, drawdown, and confidence 🎨 Arcade Theme Option for colorful visual feedback How It Works: Entry signals are generated using a differential between fast and slow SMAs (sig) and an EMA of the signal for smoothing. ATR and Bollinger Band widths adjust SL/TP zones based on market volatility. Higher timeframe EMA determines bullish or bearish market bias. Confirmations require RSI agreement and a Bollinger Band squeeze breakout. Trade Classification Logic: LH Buy/Sell = Lower High → potential weak reversal HL Buy/Sell = Higher Low → potential strength after correction These are shown with labels on the chart to help you assess trade strength visually. Best Use: Works on various timeframes Suitable for trend-following strategies with volatility-based exits Ideal for traders who want clarity and visual feedback on trade quality ⚠️ Disclaimer: This is a strategy script for educational purposes only. Always test thoroughly on demo accounts before using with real capital.
Pine Script® strategy
by ximi-imibitty
Price Action Breakout – CALL/PUT AlertsThis strategy generates CALL or PUT alerts based on price breakouts confirmed by EMA and volume filters. 🔍 Breakout Logic 📈 CALL Alert (Bullish Breakout): Price closes above EMA Price breaks above previous high Volume is above average × multiplier 📉 PUT Alert (Bearish Breakout): Price closes below EMA Price breaks below previous low Volume is above average × multiplier 🎯 Alert Structure CALL 📈 / PUT 📉 Entry Price Take Profit (TP) – Based on risk/reward ratio Stop Loss (SL) – Based on percentage distance from entry 📊 Chart Elements Labels on breakout candle with full alert info Horizontal lines for TP and SL levels Works on any timeframe (e.g., 15min for intraday) ✅ Use Case Ideal for options traders, scalpers, and automated alerts
Pine Script® indicator
by Tradegeek21
EMA Stack (13–200) Toggle📈 EMA Stack (13–200) Toggle – Color-Coded Trend Filter Customizable EMA stack with slope-based coloring: • 🟩 Green = Bullish slope • 🟥 Red = Bearish slope • Lengths: 13, 20, 34, 50, 89, 100, 200 • Toggle each EMA on/off in settings ✅ Great for: • Trend confirmation • Pullback entries • Momentum confluence across timeframes • Heikin Ashi candle setups (as shown in screenshot) Clean, clear, and built for scalping or trend-riding.
Pine Script® indicator
by DoodyJazz
Volume Shelf Breakout WatcherThis indicator detects potential breakout opportunities from high-volume price shelves (HVNs) using a custom volume profile engine. It scans the past 100 bars (adjustable) to identify price ranges with heavy volume accumulation, then monitors for a breakout when price is near the top of that range. To increase accuracy, it optionally confirms momentum using: ✅ MACD bullish crossover ✅ RSI > 55 ✅ Volume spike above 20-bar average When all enabled conditions are met, the indicator highlights the bar with a green label and background shading, and can trigger alerts for trade setups. Use this indicator to: Identify volume-based consolidation zones Anticipate price surges through low-volume areas ("volume gaps") Catch breakouts with momentum confirmation Inputs: Volume Profile Range (bars) HVN Sensitivity (top % of volume) MACD confirmation toggle RSI level toggle Volume spike toggle Ideal for: Traders looking to enter early on momentum moves as price escapes compression zones into areas of less resistance.
Pine Script® indicator
by IbizaTraders
Relative StrengthDescription: This indicator provides a simplified yet powerful method for measuring a stock's momentum based on its proximity to its recent high. It is a direct implementation of a trading concept discussed in a lecture from the New York Institute of Finance. Core Concept The underlying theory, supported by academic research, is that a stock making a new high is one of the most bullish signals possible. Such stocks have a statistical tendency to continue making new highs in the near term. Instead of requiring complex relative strength calculations against a universe of stocks, this indicator uses a simple and elegant ratio to act as a proxy for momentum: Indicator Value = Current Close / Highest High of Lookback Period A value approaching 1.0 indicates the stock is strong and nearing a new high. A value at 1.0 means a new high has just been made. How to Use This Indicator The indicator consists of two primary components: RS Line (Teal): The core momentum calculation (Close / High). Signal MA (Orange): A moving average of the NHRS Line, which acts as the trigger for signals. The signals are generated based on the crossover between these two lines: BUY Signal: When the RS Line crosses ABOVE its moving average. This suggests that short-term momentum is accelerating and a new uptrend may be starting. The background will turn green. SELL Signal: When the RS Line crosses BELOW its moving average. This indicates that momentum is fading and it may be prudent to exit the position to avoid a decline. The background will turn red. Indicator Settings You can customize the indicator to fit your trading style and the timeframe you are analyzing: High Lookback Period: Choose the period for the "Highest High" calculation. Options range from 1 Month to 12 Months (52 weeks), allowing you to measure short-term or long-term strength. Moving Average Length: Adjust the length of the signal line's moving average. The lecturer defaults to 26 weeks for a six-month view. Moving Average Type: Select the type of moving average for the signal line (SMA, EMA, WMA, HMA). Credits and Inspiration Proper credit is essential. This script is a practical application of a concept that builds upon foundational academic work. The core idea that a stock's proximity to its 52-week high is an investable anomaly was detailed in the 2004 Journal of Finance paper: "The 52 Week High and Momentum Investing" by Thomas J. George and Chuan-Yang Hwang. The lecturer's contribution, which this script implements, was to simplify this concept into an actionable trading tool by applying a moving average crossover to generate clear and objective buy and sell signals. Disclaimer: This tool is for educational and informational purposes only. It is not financial advice. All trading involves risk, and you should always perform your own research and backtesting before making any trading decisions.
Pine Script® indicator
by afarzand
1