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Indicators and strategies

LotSize Calculator - psyploThis indicator provides a convenient on-chart lot size calculator designed to assist traders with precise position sizing based on account balance, risk tolerance, and trade parameters. Key Features: Custom Account Sizing: Define your account size and risk percentage per trade. Flexible Risk Units: Choose between percentage or fixed currency risk models. Support for Multiple Currencies: Select from a wide range of currencies including USD, EUR, GBP, INR, and even crypto options like USDT. Dual Sizing Methods: Configure position size using either quantity or lot-based models, with optional rounding. Visual Trade Levels: Displays configurable entry, stop loss (SL), and take profit (TP) lines on the chart. Style Customization: Customize the color, line style, and visibility of each level for better chart readability. Ideal Use Case: Designed for manual traders seeking real-time clarity and consistency in risk management without needing to calculate lot size externally. Disclaimer: This tool is for informational purposes only. Always practice responsible risk management and perform due diligence before trading.
Pine Script® indicator
by psyplo
SIP Evaluator and Screener [Trendoscope®]The SIP Evaluator and Screener is a Pine Script indicator designed for TradingView to calculate and visualize Systematic Investment Plan (SIP) returns across multiple investment instruments. It is tailored for use in TradingView's screener, enabling users to evaluate SIP performance for various assets efficiently. 🎲 How SIP Works A Systematic Investment Plan (SIP) is an investment strategy where a fixed amount is invested at regular intervals (e.g., monthly or weekly) into a financial instrument, such as stocks, mutual funds, or ETFs. The goal is to build wealth over time by leveraging the power of compounding and mitigating the impact of market volatility through disciplined, consistent investing. Here’s a breakdown of how SIPs function: Regular Investments : In an SIP, an investor commits to investing a fixed sum at predefined intervals, regardless of market conditions. This consistency helps inculcate a habit of saving and investing. Cost Averaging : By investing a fixed amount regularly, investors purchase more units when prices are low and fewer units when prices are high. This approach, known as dollar-cost averaging, reduces the average cost per unit over time and mitigates the risk of investing a large amount at a peak price. Compounding Benefits : Returns generated from the invested amount (e.g., capital gains or dividends) are reinvested, leading to exponential growth over the long term. The longer the investment horizon, the greater the potential for compounding to amplify returns. Dividend Reinvestment : In some SIPs, dividends received from the underlying asset can be reinvested to purchase additional units, further enhancing returns. Taxes on dividends, if applicable, may reduce the reinvested amount. Flexibility and Accessibility : SIPs allow investors to start with small amounts, making them accessible to a wide range of individuals. They also offer flexibility in terms of investment frequency and the ability to adjust or pause contributions. In the context of the SIP Evaluator and Screener , the script simulates an SIP by calculating the number of units purchased with each fixed investment, factoring in commissions, dividends, taxes and the chosen price reference (e.g., open, close, or average prices). It tracks the cumulative investment, equity value, and dividends over time, providing a clear picture of how an SIP would perform for a given instrument. This helps users understand the impact of regular investing and make informed decisions when comparing different assets in TradingView’s screener. It offers insights into key metrics such as total invested amount, dividends received, equity value, and the number of installments, making it a valuable resource for investors and traders interested in understanding long-term investment outcomes. 🎲 Key Features Customizable Investment Parameters: Users can define the recurring investment amount, price reference (e.g., open, close, HL2, HLC3, OHLC4), and whether fractional quantities are allowed. Commission Handling: Supports both fixed and percentage-based commission types, adjusting calculations accordingly. Dividend Reinvestment: Optionally reinvests dividends after a user-specified period, with the ability to apply tax on dividends. Time-Bound Analysis: Allows users to set a start year for the analysis, enabling historical performance evaluation. Flexible Dividend Periods: Dividends can be evaluated based on bars, days, weeks, or months. Visual Outputs: Plots key metrics like total invested amount, dividends, equity value, and remainder, with customizable display options for clarity in the data window and chart. 🎲 Using the script as an indicator on Tradingview Supercharts In order to use the indicator on charts, do the following. Load the instrument of your choice - Preferably a stable stocks, ETFs. Chose monthly timeframe as lower timeframes are insignificant in this type of investment strategy Load the indicator SIP Evaluator and Screener and set the input parameters as per your preference. Indicator plots, investment value, dividends and equity on the chart. 🎲 Visualizations Installments : Displays the number of SIP installments (gray line, visible in the data window). Invested Amount : Shows the cumulative amount invested, excluding reinvested dividends (blue area plot). Dividends : Tracks total dividends received (green area plot). Equity : Represents the current market value of the investment based on the closing price (purple area plot). Remainder : Indicates any uninvested cash after each installment (gray line, visible in the data window). 🎲 Deep dive into the settings The SIP Evaluator and Screener offers a range of customizable settings to tailor the Systematic Investment Plan (SIP) simulation to your preferences. Below is an explanation of each setting, its purpose, and how it impacts the analysis: 🎯 Duration Start Year (Default: 2020) : Specifies the year from which the SIP calculations begin. When Start Year is enabled via the timebound option, the script only considers data from the specified year onward. This is useful for analyzing historical SIP performance over a defined period. If disabled, the script uses all available data. Timebound (Default: False) : A toggle to enable or disable the Start Year restriction. When set to False, the SIP calculation starts from the earliest available data for the instrument. 🎯 Investment Recurring Investment (Default: 1000.0) : The fixed amount invested in each SIP installment (e.g., $1000 per period). This represents the regular contribution to the SIP and directly influences the total invested amount and quantity purchased. Allow Fractional Qty (Default: True) : When enabled, the script allows the purchase of fractional units (e.g., 2.35 shares). If disabled, only whole units are purchased (e.g., 2 shares), with any remaining funds carried forward as Remainder. This setting impacts the precision of investment allocation. Price Reference (Default: OPEN): Determines the price used for purchasing units in each SIP installment. Options include: OPEN : Uses the opening price of the bar. CLOSE : Uses the closing price of the bar. HL2 : Uses the average of the high and low prices. HLC3 : Uses the average of the high, low, and close prices. OHLC4 : Uses the average of the open, high, low, and close prices. This setting affects the cost basis of each purchase and, consequently, the total quantity and equity value. 🎯 Commission Commission (Default: 3) : The commission charged per SIP installment, expressed as either a fixed amount (e.g., $3) or a percentage (e.g., 3% of the investment). This reduces the amount available for purchasing units. Commission Type (Default: Fixed) : Specifies how the commission is calculated: Fixed ($) : A flat fee is deducted per installment (e.g., $3). Percentage (%) : A percentage of the investment amount is deducted as commission (e.g., 3% of $1000 = $30). This setting affects the net amount invested and the overall cost of the SIP. 🎯 Dividends Apply Tax On Dividends (Default: False) : When enabled, a tax is applied to dividends before they are reinvested or recorded. The tax rate is set via the Dividend Tax setting. Dividend Tax (Default: 47) : The percentage of tax deducted from dividends if Apply Tax On Dividends is enabled (e.g., 47% tax reduces a $100 dividend to $53). This reduces the amount available for reinvestment or accumulation. Reinvest Dividends After (Default: True, 2) : When enabled, dividends received are reinvested to purchase additional units after a specified period (e.g., 2 units of time, defined by Dividends Availability). If disabled, dividends are tracked but not reinvested. Reinvestment increases the total quantity and equity over time. Dividends Availability (Default: Bars) : Defines the time unit for evaluating when dividends are available for reinvestment. Options include: Bars : Based on the number of chart bars. Weeks : Based on weeks. Months : Based on months (approximated as 30.5 days). This setting determines the timing of dividend reinvestment relative to the Reinvest Dividends After period. 🎯 How Settings Interact These settings work together to simulate a realistic SIP. For example, a $1000 recurring investment with a 3% commission and fractional quantities enabled will calculate the number of units purchased at the chosen price reference after deducting the commission. If dividends are reinvested after 2 months with a 47% tax, the script fetches dividend data, applies the tax, and adds the net dividend to the investment amount for that period. The Start Year and Timebound settings ensure the analysis aligns with the desired timeframe, while the Dividends Availability setting fine-tunes dividend reinvestment timing. By adjusting these settings, users can model different SIP scenarios, compare performance across instruments in TradingView’s screener, and gain insights into how commissions, dividends, and price references impact long-term returns. 🎲 Using the script with Pine Screener The main purpose of developing this script is to use it with Tradingview Pine Screener so that multiple ETFs/Funds can be compared. In order to use this as a screener, the following things needs to be done. Add SIP Evaluator and Screener to your favourites (Required for it to be added in pine screener) Create a watch list containing required instruments to compare Open pine screener from Tradingview main menu Products -> Screeners -> Pine or simply load the URL - www.tradingview.com Select the watchlist created from Watchlist dropdown. Chose the SIP Evaluator and Screener from the "Choose Indicator" dropdown Set timeframe to 1 month and update settings as required. Press scan to display collected data on the screener. 🎲 Use Case This indicator is ideal for educational purposes, allowing users to experiment with SIP strategies across different instruments. It can be applied in TradingView’s screener to compare SIP performance for stocks, ETFs, or other assets, helping users understand how factors like commissions, dividends, and price references impact returns over time.
Pine Script® indicator
by Trendoscope
2
CAGR + Log Slope ColorThis custom TradingView indicator combines two important analytical concepts to help traders identify strong trends with visual clarity: CAGR (Compound Annual Growth Rate): Measures the geometric average annual return of the asset over a specified period. It smooths out short-term fluctuations and provides a long-term growth perspective. Logarithmic Slope Coloring: The slope of the log-scaled price is calculated and visualized with color gradients. Steeper upward slopes indicate stronger momentum and are highlighted with more intense colors. Downward slopes are shown in contrasting colors for easier identification of bearish trends.
Pine Script® indicator
by ogudora0812
MTF Pivot Zones ## 📘 **User Guide: MTF Pivot Zones** **Script Name:** MTF Pivot Zones Multi Time Frame Pivot --- ### 🧭 Overview **MTF Pivot Zones** is a multi-timeframe analysis tool that detects and merges swing highs and lows across four key timeframes: **Weekly, Daily, 4H, and 1H**. It plots clear **Support** and **Resistance** zones on the chart based on pivot point clustering. Zones are displayed as dashed lines, color-coded by type. --- ### ⚙️ Settings | Input Name | Description | | ---------------------- | --------------------------------------------------------------------- | | `Lookback Bars Per TF` | Number of bars to scan for pivot highs/lows per timeframe | | `Pivot Left Bars` | Number of bars to the left required to confirm a pivot | | `Pivot Right Bars` | Number of bars to the right required to confirm a pivot | | `Merge Tolerance ($)` | Distance threshold in dollars to merge nearby pivot levels into zones | | `Show TF Labels` | Toggle the text label next to each zone (e.g., “Res Zone”) | --- ### 🛠️ How It Works 1. **Pivot Detection** The script scans each timeframe using `ta.pivothigh()` and `ta.pivotlow()`. 2. **Zone Merging** Pivot levels within the specified `Merge Tolerance` are averaged and treated as a single zone. 3. **Zone Plotting** * **Red dashed lines** = Resistance Zones * **Green dashed lines** = Support Zones * Optional labels show zone type if `Show TF Labels` is enabled --- ### 📈 Usage Tips * Use zones to guide entries, exits, and stop-loss placement. * Combine with trend tools or candlestick confirmation near zones. * Adjust merge tolerance to match instrument volatility and timeframe. --- Let me know if you want this formatted for **TradingView publishing**, or included in a `study()` title block comment.
Pine Script® indicator
by kb1ath
Day Trading Strategy (Clean Signals)This strategy is designed for day trading, using a classic Exponential Moving Average (EMA) crossover system to find short-to-medium term trading opportunities. It plots a fast 8-period EMA (orange) and a slow 21-period EMA (blue). A "BUY" signal is generated and a long position is entered when the fast EMA crosses above the slow EMA, first closing any existing short position. Conversely, a "SELL" signal is generated and a short position is entered when the fast EMA crosses below the slow EMA, closing any existing long position. All trades use 10% of the account equity. The strategy visually marks these signals on the chart with green "BUY" triangles below the bars and red "SELL" triangles above the bars. Additionally, it can trigger alerts for both buy and sell signals, making it suitable for active traders looking for clear, trend-following entry and exit points on lower timeframes.
Pine Script® strategy
by mnwrahmad
Volume Zones IndicatorVolume Zones Indicator — VWAP with Dynamic Monthly Volume Zones This indicator is an enhanced version of the classic VWAP (Volume Weighted Average Price), designed to create clear monthly zones around VWAP based on average price range (ATR) and volume activity. The core idea is to highlight key zones where price is more likely to reverse or consolidate, based on where significant trading volume occurs. How does it work? VWAP is calculated over the last N days (set by the lookbackPeriod input). Four zones are plotted above and below VWAP, spaced using a multiple of ATR. Each zone has its own color for clarity: Blue — closest to VWAP Red — second band Green — third band Orange — outer band (potential breakout or exhaustion zone) If the current volume exceeds the moving average of volume, it is highlighted directly on the chart. This helps detect accumulation or distribution moments more easily. What does the trader see? You see horizontal colored bands on the chart that update at the start of each new month. These zones: Remain fixed throughout the month Automatically adjust based on recent volume and volatility Act as dynamic support/resistance levels Best used for: Mean reversion strategies — identifying pullbacks toward value areas Support and resistance mapping — automatic SR zones based on price/volume behavior Breakout filtering — when price reaches zone 3 or 4, trend continuation or reversal is likely Adding volume context to price action — works well with candlestick and pattern analysis Settings Lookback Period (Days): VWAP and volume smoothing length Volume Area Threshold %: Reserved for future functionality Works on any timeframe; best suited for 4H timeframe. Zones are calculated and fixed monthly for clean visual context Combines price structure with actual volume flow for more reliable decision-making
Pine Script® indicator
by hdhddhejehr
RSI + OBV + EMA + ADX FilterThis strategy combines multiple technical indicators to identify high-probability trade setups in trending markets: 🔹 RSI (Relative Strength Index) Used to identify oversold (< 35) or overbought (> 70) conditions. 🔹 OBV (On-Balance Volume) Confirms momentum direction through volume shifts. 🔹 EMA (Exponential Moving Average) Filters trades to align only in the direction of the overall trend (optional). 🔹 ADX (Average Directional Index) Filters out trades during low-volatility or sideways markets, only triggering when ADX exceeds a user-defined threshold. 🧠 Strategy Logic Long Entry: RSI < 35, OBV increasing, (optional: price above EMA), and ADX > threshold Short Entry: RSI > 70, OBV decreasing, (optional: price below EMA), and ADX > threshold Plotting: Green arrows for long signals Red arrows for short signals Optional debug plots (e.g. ADX pass as yellow circles) ⚙️ Parameters (User-Configurable) RSI Length EMA Length ADX Length and Threshold Enable/disable filters for RSI, OBV, EMA, and ADX
Pine Script® strategy
by RACHELxn3gn
✅ SM/CENKER - Sniper Trend Filtered Entry v2🔫 SM/CENKER - Sniper Trend Filtered Entry v2 This script is a sniper entry tool combining EMA200 trend filter with a multi-confirmation system based on RSI, MACD, volume spikes, and candlestick patterns. 🚀 Features: ✅ EMA200 Trend Filter: Entries only in the trend direction 📈 RSI Breakouts: 30/70 level cross for early momentum confirmation 📊 MACD Crossovers: Momentum alignment with trend 🔊 Volume Spike Detection: Validates strong candles 🕯️ Candlestick Patterns: Detects Engulfing & Pin Bar setups 🎯 Minimum Score Filter: Filters out weak or noisy signals 🔔 Built-in Alerts for Long & Short signals 📱 Mobile-Friendly Labels: Adjustable label size ⏱️ Suggested Timeframes: Optimized for 1M, 3M, 5M, and 15M charts. Best suited for scalping and intraday trading. ⚠️ Disclaimer: This script is for educational and analytical purposes only. It does not constitute financial advice.
Pine Script® indicator
by TRADERCENKER
2
Share SizePurpose: The "Share Size" indicator is a powerful risk management tool designed to help traders quickly determine appropriate share/contract sizes based on their predefined risk per trade and the current market's volatility (measured by ATR). It calculates potential dollar differences from recent highs/lows and translates them into a recommended share/contract size, accounting for a user-defined ATR-based offset. This helps you maintain consistent risk exposure across different instruments and market conditions. How It Works: At its core, the indicator aims to answer the question: "How many shares/contracts can I trade to keep my dollar risk within limits if my stop loss is placed at a recent high or low, plus an ATR-based buffer?" Price Difference Calculation: It first calculates the dollar difference between the current close price and the high and low of the current bar (Now) and the previous 5 bars (1 to 5). Tick Size & Value Conversion: These price differences are then converted into dollar values using the instrument's specific tickSize and tickValue. You can select common futures contracts (MNQ, MES, MGC, MCL), a generic "Stock" setting, or define custom values. ATR Offset: An Average True Range (ATR) based offset is added to these dollar differences. This offset acts as a buffer, simulating a stop loss placed beyond the immediate high/low, accounting for market noise or volatility. Risk-Based Share Size: Finally, using your Default Risk ($) input, the indicator calculates how many shares/contracts you can take for each of the 6 high/low scenarios (current bar, 5 previous bars) to ensure your dollar risk per trade remains constant. Dynamic Table: All these calculations are presented in a clear, real-time table at the bottom-left of your chart. The table dynamically adjusts its "Label" to show the selected symbol preset, making it easy to see which instrument's settings are currently being used. The "Shares" rows indicate the maximum shares/contracts you can trade for a given risk and stop placement. The cells corresponding to the largest dollar difference (and thus smallest share size) for both high and low scenarios are highlighted, drawing your attention to the most conservative entry points. Key Benefits: Consistent Risk: Helps maintain a consistent dollar risk per trade, regardless of the instrument or its current price/volatility. Dynamic Sizing: Automatically adjusts share/contract size based on market volatility and your chosen stop placement. Quick Reference: Provides a real-time, easy-to-read table directly on your chart, eliminating manual calculations. Informed Decision Making: Assists in quickly assessing trade opportunities and potential position sizes. Setup Parameters (Inputs) When you add the "Share Size" indicator to your chart, you'll see a settings dialog with the following parameters: 1. Symbol Preset: Purpose: This is the primary setting to define the tick size and value for your chosen trading instrument. Options: MNQ (Micro Nasdaq 100 Futures) MES (Micro E-mini S&P 500 Futures) MGC (Micro Gold Futures) MCL (Micro Crude Oil Futures) Stock (Generic stock setting, with tick size/value of 0.01) Custom (Allows you to manually input tick size and value) Default: MNQ Importance: Crucial for accurate dollar calculations. Ensure this matches the instrument you are trading. 2. Tick Size (Manual Override): Purpose: Only used if Symbol Preset is set to Custom. This defines the smallest price increment for your instrument. Type: Float Default: 0.25 Hidden: This input is hidden (display=display.none) unless "Custom" is selected. You might need to change display=display.none to display=display.inline in the code if you want to see and adjust it directly in the settings for "Custom" mode. 3. Tick Value (Manual Override): Purpose: Only used if Symbol Preset is set to Custom. This defines the dollar value of one tickSize increment. Type: Float Default: 0.50 Hidden: This input is hidden (display=display.none) unless "Custom" is selected. Similar to Tick Size, you might need to adjust its display property if you want it visible. 4. Default Risk ($): Purpose: This is your maximum desired dollar risk per trade. All share size calculations will be based on this value. Type: Float Default: 50.0 Hidden: This input is hidden (display=display.none). It's a critical setting, so consider making it visible by changing display=display.none to display=display.inline in the code if you want users to easily adjust their risk. ATR Offset Settings (Group): This group of settings allows you to fine-tune the ATR-based buffer added to your potential stop loss. 5. ATR Offset Length: Purpose: Defines the lookback period for the Average True Range (ATR) calculation used for the offset. Type: Integer Default: 7 Hidden: This input is hidden (display=display.none). 6. ATR Offset Timeframe: Purpose: Specifies the timeframe on which the ATR for the offset will be calculated. This allows you to use ATR from a higher timeframe for your stop buffer, even if your chart is on a lower timeframe. Type: Timeframe string (e.g., "1" for 1 minute, "60" for 1 hour, "D" for Daily) Default: "1" (1 Minute) Hidden: This input is hidden (display=display.none). 7. ATR Offset Multiplier (x ATR): Purpose: Multiplies the calculated ATR value to determine the final dollar offset added to your high/low price difference. A value of 1.0 means one full ATR is added. A value of 0.5 means half an ATR is added. Type: Float Minimum Value: 0 (no offset) Default: 1.0 Hidden: This input is hidden (display=display.none).
Pine Script® indicator
by rduatg
SM/CENKER - Scalping Signal w/ Volume SpikeSM/CENKER - Scalping Signal with Volume Spike This advanced scalping indicator combines MACD, RSI, EMA, VWAP, and volume spike detection to generate high-probability entry signals. It filters out low-quality setups by confirming entries only during volume surges. 🔍 Key Features: ✅ Volume Spike Filter: Signals are triggered only when volume exceeds 150% of the 20-bar average. ✅ Momentum Cross Confirmation: MACD crossover, RSI conditions, and price above/below EMA & VWAP are all required. ✅ Visual Background: Green or red background highlights BUY/SELL zones for quick decision-making. ✅ Clean Labels: Simple BUY/SELL labels are plotted on the chart. ✅ Optimized for Real-Time Scalping: Works effectively on 1M, 3M, 5M, and 15M charts. 📌 Recommended Timeframes & Settings: Timeframe EMA RSI MACD Volume Spike Threshold 1 Minute 9 14 12-26-9 1.5x Avg Volume 3 Minute 9 14 12-26-9 1.5x Avg Volume 5 Minute 9 14 12-26-9 1.5x Avg Volume 15 Minute 9 14 12-26-9 1.5x Avg Volume ⚠️ Disclaimer: This script is for educational purposes only and does not constitute financial advice.
Pine Script® indicator
by TRADERCENKER
5
SM/CENKER - MACD + EMA 200 MTF Trend Panel📊 SM/CENKER - MACD + EMA 200 MTF Trend Panel This advanced indicator combines the power of MACD momentum, EMA 200 trend filter, and volume confirmation to generate clean buy/sell signals, all while adapting to multi-timeframe (MTF) trend context. 🔍 Key Features: ✅ Multi-Timeframe EMA 200: Analyze higher timeframe trend while trading on your current chart. 📈 Buy/Sell Signals: Triggered only when MACD crossover aligns with the MTF trend direction and volume spike confirms the move. 🟢 Trend Coloring: EMA 200 line dynamically turns green in uptrend and red in downtrend. 🧭 Trend Panel: Top-right dashboard showing real-time trend direction and volume status. 📍 Minimalist Labels: Clean, modern BUY/SELL labels directly on the chart for easy spotting. 🕹️ Fully customizable font size and timeframe settings. 🚨 Ideal for traders looking for trend-following momentum entries with volume validation, and clean visual support. ⚠️ Disclaimer: This script is intended for educational purposes only and not for financial advice or commercial use.
Pine Script® indicator
by TRADERCENKER
Week Window AlgorithmWeek Window Algorithm The Week Window Algorithm is an advanced intraday trading overlay built for precision session tracking and key level visualization. 🔹 Features: 1. Time Lines Automatically plots vertical lines 30 minutes ahead of specific London times (07, 08, 09, 13, 14, 15UK), with adjustable height in pips and custom color. 2. Session Boxes Draws price range boxes for: Asia (22:00–06:00 UK) Europe AM (08:00–09:00 UK) Europe PM (14:00–15:00 UK) Each box auto-updates during the session and fades after 3 days. Fill color is fully customizable via settings. 3. Yesterday’s High/Low Levels Captures and plots yesterday’s high and low at 23:00 UK. Lines extend through today and highlight first-time hits. 🛠️ Customization: Enable/disable sessions individually Set pip size for early lines Choose colors for each session box and line style 🕒 Recommended Timeframes: Optimized for 1–15 minute charts. Works best on intraday setups.
Pine Script® indicator
by aedem
Marx Current Trend DisplayMarx Current Trend Display Identify trend direction instantly on any timeframe This indicator gives you a clear, visual confirmation of the current market trend — Bullish or Bearish — based on price action relative to a customisable Exponential Moving Average (EMA). ⸻ ✅ Features • Dynamically determines trend using a user-defined EMA (default: 200) • Shows a floating label above price: • 🟢 “BULLISH TREND” when price is above EMA • 🔴 “BEARISH TREND” when price is below EMA • Optional color-coded background to make trend state even more obvious • Works on any market and timeframe • Simple, clean, and easy to interpret ⸻ 🧠 How It Works • Bullish Trend: Current price is above the EMA • Bearish Trend: Current price is below the EMA • EMA is plotted directly on the chart for additional clarity ⸻ ⚙️ Customisable Settings • EMA length (default: 200) • Show/hide trend labels • Toggle background color on/off ⸻ This is a perfect tool for traders who want quick confirmation of trend bias without clutter. Pair it with your entry/exit system or use it as a filter to stay aligned with market momentum.
Pine Script® indicator
by MrWil5on
Global MA + Oscillator Score, Vol-Rank Filter and HA candlesOVERVIEW This strategy goes long when TradingView’s global Technical-Rating score (MA plus Oscillator composite) is strong and exits on weak scores or volatility spikes. Scores are calculated on Heikin-Ashi candles for noise reduction, but every order is executed on standard OHLC data, so back-tests use real-candle prices. KEY POINTS • Uses the global Technical Rating because tests showed better risk-adjusted returns than MA-only or Oscillator-only variants. • Vol-Rank percentiles (Larry Williams VIX-Fix adaptation) block trades when short-term volatility is in the top 20 % of the last 252 bars and allow re-entry once it falls below 60 %. • End-of-month Thursday profit-lock rule exits open winners just before monthly option expiry. • Works on any timeframe and any liquid symbol; defaults are tuned for QQQ daily. ENTRY AND EXIT Long entry: globalRating ≥ +0.4 Soft exit: globalRating < −0.6 Hard exit: Vol-Rank ≥ 80 % or last-Thursday of the month rule Re-entry: Same bar if Vol-Rank ≤ 60 % after last-thursday hard exit INPUTS symbol_correlation default QQQ (editable) ratingThresholdIn +0.4 ratingThresholdOut −0.6 DEFAULT STRATEGY PROPERTIES Initial capital default Order size 5 % of equity Pyramiding 1 order Commission 0.05 % per trade Slippage 5 ticks Margin requirement long 100 % Margin requirement short 100 % Fill orders bar magnifier ON, on bar close, using standard OHLC LIMITATIONS • Heikin-Ashi smoothing delays signals; real-time fills can differ. • Vol-Rank is derived from price, not true options IV Rank. • Past results never guarantee future performance. CREDITS TradingView Technical Rating library v3 Larry Williams VIX-Fix concept (adapted)
Pine Script® strategy
by exlux