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[blackcat] L3 Trendmaster XOVERVIEW The L3 Trendmaster X is an advanced trend-following indicator meticulously crafted to assist traders in identifying and capitalizing on market trends. This sophisticated tool integrates multiple technical factors, including Average True Range (ATR), volume dynamics, and price spreads, to deliver precise buy and sell signals. By plotting dynamic trend bands directly onto the chart, it offers a comprehensive visualization of potential trend directions, enabling traders to make informed decisions swiftly and confidently 📊↗️. FEATURES Customizable Input Parameters: Tailor the indicator to match your specific trading needs with adjustable settings: Trendmaster X Multiplier: Controls the sensitivity of the ATR-based levels. Trendmaster X Period: Defines the period over which the ATR is calculated. Window Length: Specifies the length of the moving window for standard deviation calculations. Volume Averaging Length: Determines how many periods are considered for averaging volume. Volatility Factor: Adjusts the impact of volatility on the trend bands. Core Technical Metrics: Dynamic Range: Measures the range between high and low prices within each bar. Candle Body Size: Evaluates the difference between open and close prices. Volume Average: Assesses the cumulative On-Balance Volume relative to the dynamic range. Price Spread: Computes the standard deviation of the price ranges over a specified window. Volatility Factor: Incorporates volatility into the calculation of trend bands. Advanced Trend Bands Calculation: Upper Level: Represents potential resistance levels derived from the ATR multiplier. Lower Level: Indicates possible support levels using the same ATR multiplier. High Band and Low Band: Dynamically adjust to reflect current trend directions, offering a clear view of market sentiment. Visual Representation: Plots distinct green and red trend lines representing bullish and bearish trends respectively. Fills the area between these trend lines and the middle line for enhanced visibility. Displays clear buy ('B') and sell ('S') labels on the chart for immediate recognition of trading opportunities 🏷️. Alert System: Generates real-time alerts when buy or sell conditions are triggered, ensuring timely action. Allows customization of alert messages and frequencies to align with individual trading strategies 🔔. HOW TO USE Adding the Indicator: Open your TradingView platform and navigate to the "Indicators" section. Search for " L3 Trendmaster X" and add it to your chart. Adjusting Settings: Fine-tune the input parameters according to your preferences and trading style. For example, increase the Trendmaster X Multiplier for higher sensitivity during volatile markets. Decrease the Window Length for shorter-term trend analysis. Monitoring Trends: Observe the plotted trend bands and labels on the chart. Look for buy ('B') labels at potential support levels and sell ('S') labels at resistance levels. Setting Up Alerts: Configure alerts based on the generated buy and sell signals. Choose notification methods (e.g., email, SMS) and set alert frequencies to stay updated without constant monitoring 📲. Combining with Other Tools: Integrate the Trendmaster X with other technical indicators like Moving Averages or RSI for confirmation. Utilize fundamental analysis alongside the indicator for a holistic approach to trading. Backtesting and Optimization: Conduct thorough backtests on historical data to evaluate performance. Optimize parameters based on backtest results to enhance accuracy and reliability. Real-Time Application: Apply the optimized settings to live charts and monitor real-time signals. Execute trades based on confirmed signals while considering risk management principles. LIMITATIONS Market Conditions: The indicator might produce false signals in highly volatile or sideways-trending markets due to increased noise and lack of clear direction 🌪️. Complementary Analysis: Traders should use this indicator in conjunction with other analytical tools to validate signals and reduce the likelihood of false positives. Asset-Specific Performance: Effectiveness can vary across different assets and timeframes; therefore, testing on diverse instruments is recommended. NOTES Data Requirements: Ensure adequate historical data availability for accurate calculations and reliable signal generation. Demo Testing: Thoroughly test the indicator on demo accounts before deploying it in live trading environments to understand its behavior under various market scenarios. Parameter Customization: Regularly review and adjust parameters based on evolving market conditions and personal trading objectives.
Pine Script® indicator
by blackcat1402
4
MG Universal model🚀 Summary🚀 The MG univerasal model is a composite of various items such as RSI, price Z-Score, Sharpe Ratio, Sortino Ratio, Omega Ratio, etc Each component is normalized and then equally wheighted out to perform a global metric. At the end, an Exponential Moving Average is added on the global metric. You can easily find a description of each component on the internet, for the Crosby Ratio, it's a metric that comes from bitcoinmagazinepro.com. ✨ Key Features ✨ 🗡 Smoothed Global Metric Using a Moving average to smooth out the whole aggregated metric. 🗡 Bands Zone at extreme levels Automatically displaying bands at top and bottom levels of the oscillator. 🗡 Normalizing components Each component is normalized. 🗡 DataTable Optional DataTable is available to check the score for each components and their related Z-Score. 📊 How I use it 📊 When catching up with 0 line (midline), crossing it : if it goes above 0.2: get out when it crosses 0.2 again else: get out when it crosses 0 again That's the way I use it, may be there is a better way, FAFO :) ❓ Seeing a bug or an issue ❓ Feel free to DM me if you see a component that seems badly calculated. I will be happy to fix it. ❗❗ Disclaimer ❗❗ This is a single indicator, even though it's aggregating many, do not use it as a standalone. Past performance is not indicative of future results. Always backtest, check, and align parameters before live trading.
Pine Script® indicator
by florentm007
Scalping Strategy with DCA - V3# Enhanced Scalping Strategy with DCA - V3 ## Strategy Overview This strategy combines multiple technical indicators with a structured Dollar Cost Averaging (DCA) approach to create a comprehensive trading system for cryptocurrency markets. Unlike simple indicator mashups, this strategy integrates several confirmation layers for entries while implementing a sophisticated risk management system based on the 1-2-6 DCA ratio. ## What Makes This Strategy Unique 1. **Multi-Layered Entry Confirmation System**: - Uses EMA crossover as the primary trigger - Adds RSI momentum confirmation - Integrates MACD for trend strength - Includes RSI divergence for reversal potential - Incorporates higher timeframe confirmation for trend alignment 2. **Structured Risk Management**: - Implements a 1-2-6 DCA ratio to strategically average into positions - Uses percentage-based stop losses that adapt based on DCA status - Features a two-tiered take profit system (25% at TP1, 50% at TP2) - Optional breakeven stop loss after second take profit target - Initial risk limited to a small percentage of account (1-3%) 3. **Versatile Market Adaption**: - Additional entry opportunities during oversold/overbought Bollinger Band touches - Customizable filters that can be enabled/disabled based on market conditions - Higher timeframe confirmation to ensure alignment with larger trends ## How The Components Work Together ### Entry System Components 1. **48 EMA** serves as the primary trend filter and entry trigger. Price crossing above/below this EMA signals a potential trend change. 2. **RSI (Relative Strength Index)** confirms momentum in the intended direction: - For longs: RSI > 20 shows bullish momentum - For shorts: RSI < 80 shows bearish momentum 3. **MACD (Moving Average Convergence Divergence)** filters out weak trends: - For longs: MACD line crosses above signal line - For shorts: MACD line crosses below signal line 4. **RSI Divergence Detection** identifies potential reversals where price makes a new high/low but RSI fails to confirm, suggesting momentum is weakening. 5. **Higher Timeframe Confirmation** ensures the trade aligns with the larger trend structure by checking EMA and RSI on a higher timeframe (default is daily). 6. **Bollinger Bands** provide additional entry triggers during strong oversold/overbought conditions: - Long entry when price touches lower band with RSI < 20 - Short entry when price touches upper band with RSI > 80 ### The DCA Mechanism The strategy employs a 1-2-6 ratio for Dollar Cost Averaging: - **Initial position**: 1 unit based on account risk percentage - **First DCA level**: Adds 2 units when price moves against initial entry by the first DCA level percentage (default 1%) - **Second DCA level**: Adds 6 units when price moves further against entry by the second DCA level percentage (default 2%) This structured approach reduces average entry price during temporary adverse price movements, potentially converting losing trades into winners when the expected price movement eventually occurs. ### Exit Strategy The strategy uses multiple exit mechanisms: 1. **Tiered Take Profits**: - First TP at takeProfitPercent1 from entry (default 0.5%) - closes 25% of position - Second TP at takeProfitPercent2 from entry (default 1.0%) - closes 50% of position - Remaining 25% runs with trailing stop loss or until stopped out 2. **Stop Loss Management**: - Initial SL set at stopLossPercent from entry (default 1.5%) - After full DCA deployment, SL adjusts to fixedSLPercent from entry (default 1.3%) - Optional breakeven SL after second take profit hits ## Backtesting Settings & Recommendations For realistic backtesting, please configure the following in the strategy Properties panel: - **Commission**: 0.075% (typical for major cryptocurrency exchanges) - **Slippage**: 0.05% (accounts for execution delays and spread) - **Initial Capital**: $10,000 (realistic starting capital for the average trader) - **Date Range**: January 2024 to present (provides sufficient sample size) These settings ensure backtesting results closely match real trading conditions. The strategy is designed to never risk more than 3% of account equity on any trade, with typical risk between 1-2%. ## Recommended Markets & Timeframes This strategy performs best in: 1. **Markets**: - Cryptocurrency markets with high liquidity - Assets with market capitalization > $1 billion - Coins with holder ratio > 7% (reducing manipulation risk) 2. **Timeframes**: - Primary: 1-hour and 4-hour charts - Secondary: 15-minute charts for faster execution - Higher timeframe confirmation: Daily chart ## Parameter Customization Guide The strategy offers multiple customization options to adapt to different trading styles and market conditions: 1. **Risk Settings**: - initialRiskPercent: Adjust between 0.5-2% for conservative to moderate approaches - stopLossPercent: 1-3% based on volatility of the asset - takeProfitPercent1/2: Can be adjusted based on average volatility 2. **Entry Filters**: - Enable/disable MACD filter for additional confirmation - Enable/disable RSI divergence for reversal trading - Enable/disable higher timeframe confirmation for trend alignment 3. **DCA Settings**: - dcaLevel1/2: Adjust based on asset volatility (higher for more volatile assets) - Change the 1-2-6 ratio by modifying the position size calculations ## Visual Outputs Explained The strategy displays the following visual elements: 1. **Indicator plots**: - 48 EMA (blue line): Main trend filter - Bollinger Bands (upper: red, middle: yellow, lower: green): Volatility and overbought/oversold levels 2. **Trade management levels**: - Stop Loss level (red circles): Current SL price - Take Profit levels (green circles): TP1 and TP2 targets 3. **Information panel**: - Displays strategy settings and current mode - Shows active filters and risk parameters - Reminds about market cap and holder ratio requirements ## Real-World Trading Tips When implementing this strategy in real trading: 1. Start with conservative risk settings (0.5-1%) 2. Trade only in favorable market conditions initially 3. Consider reducing position size during high market uncertainty 4. Monitor higher timeframe trends before taking entries 5. Always check market cap and holder ratio before trading a coin 6. Set up proper alerts for EMA crosses with RSI confirmation 7. Regularly review and adjust parameters based on recent performance ## How to Use This Strategy 1. Add the strategy to your chart 2. Configure risk parameters appropriate for your account 3. Set commission and slippage in the Properties panel 4. Enable/disable the filters based on your trading style 5. Monitor higher timeframe for overall trend direction 6. Use the strategy's signals for entry and the recommended take profit/stop loss levels 7. Consider manual intervention during extreme market events This strategy provides a systematic approach to scalping with proper risk management through DCA, making it suitable for both beginner and experienced traders in cryptocurrency markets.
Pine Script® strategy
by tringuyendc2804
1
Open - CSC Bars - 33 CSC Bars – Early Session Price Action Filter This script detects when the first three bars of the RTH (Regular Trading Hours) session all move in the same direction — either all bullish or all bearish. It’s a tool for price action traders who want to develop structured opening strategies by observing clean directional agreement at the session start. The indicator highlights the third bar when the sequence confirms directional bias. 🔍 How It Works: Monitors the first three bars after the RTH session begins. If all three bars are bullish, it highlights the third bar (same for bearish sequences). No projections, signals, or entries—purely a visual tool to observe and study opening behavior. 🎯 Use Case: This script is designed to help traders build and test opening-based frameworks by identifying potential trend bias early in the day. Note: This is an open-source utility script with a simple function. It does not generate signals or predictions and is intended to assist with observation and discretionary strategy building.
Pine Script® indicator
by Zen_Trading_Tech
Multi-Timeframe EMA Signal - StyledTrend reminder, what is based on the 39 MA. Looking after 14 CLOSED candles. The minute TF is calculated from the 1m chart, the 1H, 4h, 1D is calculated from the 1h TF. If you go higher on the minute TF you see that the calculation goes bad, so you dont see the minute TF-s trend if you are on the 5m or on the 15M or higher TF. It's ok for my needs i usualy trade on the 1m chart so i see everything. It's simple. I was looking for a srcipt like this, and did not find anything. It's not my work, its Veronika's script from chatGPT based on my needs. :)
Pine Script® indicator
by AndrasB
Chandelier Exit with ZLSMA SwiftEdgeChandelier Exit with ZLSMA Overview The "Chandelier Exit with ZLSMA" indicator is a powerful trading tool designed to identify trend reversals and high-probability entry points in financial markets. By combining the volatility-based Chandelier Exit with the low-lag Zero Lag Least Squares Moving Average (ZLSMA), this indicator provides clear Buy and Sell signals, enhanced with a unique signal strength score to help traders prioritize high-quality opportunities. Visual enhancements, including dynamic color coding, background highlights, and trend arrows, make it intuitive and visually appealing for both novice and experienced traders. What It Does This indicator generates Buy and Sell signals when a trend reversal is detected by the Chandelier Exit, but only if the price crosses the ZLSMA for the first time in the direction of the trend. Each signal is accompanied by a percentage score (0-100%) that measures its strength based on price movement and momentum. The indicator overlays directly on the price chart, displaying: Buy/Sell labels with signal strength (e.g., "Buy (85%)"). A ZLSMA line that changes color (green for bullish, red for bearish) to indicate trend direction. Background highlights to mark signal candles. Trend arrows to visually confirm signal points. How It Works The indicator combines two complementary components: Chandelier Exit: Uses the Average True Range (ATR) to create dynamic trailing stop levels (long_stop and short_stop) that adapt to market volatility. Signals a Buy when the price crosses above the short stop (indicating a potential uptrend) and a Sell when it crosses below the long stop (indicating a potential downtrend). Default settings use an ATR period of 1 and a multiplier of 2.0 for high sensitivity to short-term price movements. Zero Lag LSMA (ZLSMA): A low-lag moving average based on linear regression, designed to reduce delay compared to traditional moving averages. Acts as a trend filter: Buy signals are only generated when the price closes above ZLSMA for the first time, and Sell signals when it closes below for the first time. Default length of 50 balances smoothness with responsiveness. Signal Strength Score: Each signal is assigned a score (0-100%) based on: Distance to ZLSMA (60% weight): How far the price is from ZLSMA, normalized by ATR. Larger distances indicate stronger breakouts. Candlestick size (40% weight): The size of the signal candle, normalized by ATR. Larger candles suggest stronger momentum. A high score (e.g., >80%) indicates a robust signal, while a low score (e.g., <50%) suggests caution. Visual Features: The ZLSMA line changes color (green for bullish, red for bearish) to reflect the trend. Signal candles are highlighted with a subtle green (Buy) or red (Sell) background. Tiny triangular arrows appear below Buy signals and above Sell signals for clear visual confirmation. Why Combine Chandelier Exit and ZLSMA? The Chandelier Exit excels at identifying trend reversals through volatility-based stops, but it can generate false signals in choppy markets due to its sensitivity (especially with a short ATR period of 1). The ZLSMA addresses this by acting as a trend filter, ensuring signals are only triggered when the price confirms a trend by crossing the ZLSMA for the first time. This combination reduces noise and focuses on high-probability setups. The signal strength score further enhances decision-making by quantifying the conviction behind each signal, making the indicator feel intuitive and "smart." How to Use Setup: Add the indicator to your chart in TradingView. Adjust inputs in the settings panel: ATR Period (default: 1): Controls the sensitivity of Chandelier Exit. Increase for smoother signals. ATR Multiplier (default: 2.0): Sets the distance of stop levels from price extremes. ZLSMA Length (default: 50): Adjusts the smoothness of the ZLSMA line. Shorter lengths (e.g., 20-30) are more responsive; longer lengths (e.g., 50-100) are smoother. Use Close Price for Extremums (default: true): Determines whether Chandelier Exit uses closing prices or high/low prices for calculations. Interpreting Signals: Buy Signal: A green "Buy (X%)" label appears below a candle when the price crosses above the Chandelier Exit short stop and closes above ZLSMA for the first time. The percentage indicates signal strength (higher = stronger). Sell Signal: A red "Sell (X%)" label appears above a candle when the price crosses below the Chandelier Exit long stop and closes below ZLSMA for the first time. Use the ZLSMA line’s color (green for bullish, red for bearish) to confirm the overall trend. Prioritize signals with high strength scores (e.g., >70%) for better reliability. Trading Considerations: Combine signals with other analysis (e.g., support/resistance, volume) for confirmation. Test the indicator on a demo account or use TradingView’s Strategy Tester to evaluate performance. Be cautious with the default ATR period of 1, as it is highly sensitive and may generate frequent signals in volatile markets. What Makes It Unique This indicator stands out due to its thoughtful integration of Chandelier Exit and ZLSMA, creating a synergy that balances sensitivity with reliability. The first-cross filter ensures signals are triggered only at the start of potential trends, reducing false positives. The signal strength score adds a layer of intelligence, helping traders assess the quality of each signal without needing external tools. Visual enhancements, such as dynamic ZLSMA coloring, background highlights, and trend arrows, make the indicator user-friendly and visually engaging, appealing to traders seeking a modern, intuitive tool. Limitations and Notes The short ATR period (1) makes the indicator highly sensitive, which suits short-term traders but may produce noise in sideways markets. Increase the ATR period for smoother signals. The signal strength score is a heuristic based on price movement and momentum, not a predictive model. Use it as a guide, not a definitive predictor. Always backtest the indicator on your preferred market and timeframe to ensure it aligns with your trading strategy.
Pine Script® indicator
by SwiftEdge
A/E/VWAPA/E/VWAP Indicator Description The A/E/VWAP (Anchor/Event VWAP) indicator is a versatile tool for traders, designed to calculate and display the Volume Weighted Average Price (VWAP) anchored to specific time periods or events. It supports customizable anchor periods, such as sessions, weeks, months, or significant events like earnings, dividends, splits, or the third Friday of the month (commonly associated with options expiration for SPY). The indicator also includes optional upper and lower bands, which can be calculated using either standard deviation or percentage-based methods, providing additional context for price action relative to the VWAP. Key Features: Customizable Anchor Periods: Choose from a variety of anchor periods: Session, Week, Month, Quarter, Year, Decade, Century, Earnings, Dividends, Splits, or ThirdFriday (specifically for SPY or quarterly options expiration). Automatically defaults to "Earnings" for non-intraday charts (except for SPY, which uses "ThirdFriday") and "Session" for intraday charts. Supports event-driven VWAPs by anchoring to earnings, dividends, or splits data when available. Flexible Source Input: The VWAP calculation uses a user-defined price source (default: HLC3, the average of high, low, and close prices). Allows customization to suit different trading strategies. Offset Adjustment: Apply an offset to shift the VWAP and bands forward or backward on the chart for better visualization or strategy alignment. Configurable Bands: Optionally display up to three sets of upper and lower bands around the VWAP. Bands can be calculated using: Standard Deviation: Measures volatility relative to the VWAP. Percentage: Uses a percentage of the VWAP value (e.g., a multiplier of 1 = 1% deviation). Each band set has a customizable multiplier (default: 1.0, 2.0, 3.0) to adjust the distance from the VWAP. Bands are color-coded (green, olive, teal) with transparent fills for easy identification. Visual and Performance Features: The VWAP line is plotted in blue (#2962FF) for clear visibility. Bands are optionally displayed with customizable visibility and color-coded fills for better chart clarity. Includes error handling for cases where volume data is unavailable from the data vendor. Use Cases: Intraday Trading: Anchor the VWAP to the start of the trading session to identify key support/resistance levels. Swing Trading: Use longer-term anchors (e.g., Week, Month, or Quarter) to track broader price trends. Event-Based Trading: Anchor the VWAP to earnings, dividends, or splits to analyze price behavior around significant corporate events. Options Trading: Use the "ThirdFriday" anchor for SPY to monitor VWAP levels during options expiration weeks. Volatility Analysis: Enable bands to gauge price deviations and identify overbought/oversold conditions. Settings: VWAP Settings: Anchor Period: Select the time or event to anchor the VWAP (e.g., Session, Earnings, ThirdFriday). Source: Choose the price input for VWAP calculation (default: HLC3). Offset: Shift the VWAP and bands by a specified number of bars (default: 0). Bands Settings: Bands Calculation Mode: Choose between Standard Deviation or Percentage for band calculations. Bands Multiplier #1, #2, #3: Set the multiplier for each band set (default: 1.0, 2.0, 3.0). Show Bands: Toggle visibility for each band set individually. Notes: The indicator requires volume data to function correctly. If no volume is provided, an error message will be displayed. Event-based anchors (Earnings, Dividends, Splits) rely on data availability from the data vendor. The "ThirdFriday" anchor is particularly useful for SPY or instruments tied to quarterly options expiration cycles. This indicator is ideal for traders seeking a flexible VWAP tool that adapts to both time-based and event-driven trading strategies, with customizable bands to enhance price analysis.
Pine Script® indicator
by chrishyatt7
SwiftEdge NW EnvelopeSwiftEdge NW Envelope Overview The SwiftEdge NW Envelope is a visually striking technical indicator designed for traders seeking to identify high-probability buy and sell opportunities in volatile markets. By combining the Relative Strength Index (RSI), Average True Range (ATR), and Nadaraya-Watson Envelope, this indicator provides a unique blend of momentum, volatility, and non-linear trend analysis. Its futuristic, AI-inspired aesthetic—featuring neon gradients and dynamic colors—enhances chart readability while delivering actionable trading signals. What It Does The SwiftEdge NW Envelope generates buy and sell signals based on price interactions with dynamically calculated support and resistance bands, confirmed by RSI conditions. The indicator: Plots a Nadaraya-Watson Envelope to identify smooth, non-linear price trends and dynamic support/resistance zones. Uses ATR to scale the envelope’s bands, adapting to market volatility. Employs RSI to confirm overbought/oversold conditions, ensuring signals align with momentum. Visualizes signals with neon-colored markers, background zones, and labels for intuitive decision-making. How It Works The indicator integrates three key components: Nadaraya-Watson Envelope: A kernel-based regression technique that smooths price data to create a central trend line (mean) and dynamic upper/lower bands. Unlike traditional moving averages, it provides a non-linear, adaptive view of price trends, making it ideal for capturing complex market movements. The band width is determined by ATR, ensuring responsiveness to volatility. Average True Range (ATR): Measures market volatility to scale the envelope’s bands. A multiplier (default: 0.5) adjusts the sensitivity of the bands, allowing traders to fine-tune the indicator for different assets or market conditions. Relative Strength Index (RSI): A momentum oscillator with a shortened period (default: 5) for increased sensitivity. Confirms buy signals when RSI is oversold (default: <30) and sell signals when RSI is overbought (default: >70). Signal Logic Buy Signal: Triggered when the price crosses above the lower band of the Nadaraya-Watson Envelope and RSI is below the oversold threshold. Marked by a green circle and a "BUY" label below the candle. Sell Signal: Triggered when the price crosses below the upper band and RSI is above the overbought threshold. Marked by a magenta circle and a "SELL" label above the candle. Background Zones: Green (buy) or red (sell) translucent zones highlight signal areas for quick recognition. Visual Features Dynamic Colors: The central trend line shifts between cyan (uptrend), purple (downtrend), or gray (neutral) based on price position relative to the mean. Neon Gradient Fill: A translucent blue fill between the upper (green) and lower (red) bands creates a glowing, futuristic effect. Modern Signal Markers: Small, vibrant circles (green for buy, magenta for sell) and clear labels enhance visual clarity. Why This Combination? The SwiftEdge NW Envelope combines RSI, ATR, and Nadaraya-Watson Envelope to create a robust trading tool: RSI provides momentum confirmation, filtering out false signals in choppy markets. ATR ensures the envelope adapts to changing volatility, making it suitable for both trending and ranging markets. Nadaraya-Watson Envelope offers a sophisticated, non-linear alternative to traditional bands (e.g., Bollinger Bands), capturing subtle price dynamics. Together, these components deliver a balanced approach to trend-following and mean-reversion strategies, with RSI acting as a gatekeeper to improve signal reliability. Customize Settings: RSI Period (5): Adjust for more/less sensitivity to momentum. RSI Overbought/Oversold (70/30): Modify thresholds to tighten or loosen signal conditions. ATR Period (14) and Multiplier (0.5): Tune volatility sensitivity. NW Length (25), Bandwidth (8.0), Multiplier (3.0): Adjust the smoothness and width of the envelope. Interpret Signals: Buy: Look for green circles and "BUY" labels when price crosses above the lower band, confirmed by low RSI. Sell: Look for magenta circles and "SELL" labels when price crosses below the upper band, confirmed by high RSI. Use background zones to quickly spot active signal areas. Combine with Other Tools: Pair with support/resistance levels or volume analysis for additional confirmation. Test signals on a demo account before live trading. Originality The SwiftEdge NW Envelope stands out due to: Its innovative use of Nadaraya-Watson regression, a less common but powerful tool for non-linear trend analysis. A unique visual design with neon gradients and dynamic colors, inspired by AI and futuristic interfaces, making it both functional and visually engaging. A streamlined signal system that balances momentum (RSI), volatility (ATR), and trend (Nadaraya-Watson), reducing noise and enhancing trade precision. Notes Best suited for volatile markets (e.g., forex, crypto, stocks) where price swings create clear envelope breakouts. Adjust input parameters to match your trading style (e.g., shorter RSI period for scalping, wider bands for swing trading). Always backtest and validate signals in your specific market and timeframe before trading.
Pine Script® indicator
by SwiftEdge
Akshay - TheOne, TheMostWanted, TheUnbeatable, TheEnd➤ All-in-One Solution (❌ No repaint): This Technical Chart contains, MA24 Condition, Supertrend Indicator, HalfTrend Signal, Ichimoku Cloud Status, Parabolic SAR (P_SAR), First 5-Minute Candle Analysis (ORB5min), Volume-Weighted Moving Average (VWMA), Price-Volume Trend (PVT), Oscillator Composite, RSI Condition, ADX & Trend Strength. Technicals don't lie. 🚀 Overview and Key Features Comprehensive Multi-Indicator Approach: The script is built to be an all-in-one technical indicator on TradingView. It integrates several well-known indicators and overlays—including Supertrend, HalfTrend, Ichimoku Cloud, various moving averages (EMA, SMA, VWMA), oscillators (Klinger, Price Oscillator, Awesome Oscillator, Chaikin Oscillator, Ultimate Oscillator, SMI Ergodic Oscillator, Chande Momentum Oscillator, Detrended Price Oscillator, Money Flow Index), ADX, and Donchian Channels—to create a composite picture of market sentiment. Signal Generation and Alerts: It not only calculates these indicators but also aggregates their output into “Master Candle” signals. Vertical lines are drawn on the chart with corresponding alerts to indicate potential buy or sell opportunities based on robust, combined conditions. Visual Layering: Through the use of colored histograms, custom candle plots, trend lines, and background color changes, the script offers a multi-layered visual representation of data, providing clarity about both short-term signals and overall market trends. ⚙️ How It Works and Functionality MA24 Condition: Uses the 24-period moving average as a proxy; if the price is above it, the bar is colored green, and red if below, with neutrality when conditions aren’t met. Supertrend Indicator: Evaluates price relative to the Supertrend level (calculated via ATR), coloring green when price is above it and red when below. HalfTrend Signal: Determines trend shifts by comparing the current close to a calculated trend level; green indicates an upward trend, while red suggests a downtrend. Ichimoku Cloud Status: Analyzes the relationship between the Conversion and Base lines; a bullish (green) signal is given when price is above both or the Conversion line is higher than the Base line. Parabolic SAR (P_SAR): Colors the signal based on whether the current price is above (green) or below (red) the Parabolic SAR marker, indicating stop and reverse conditions. First 5-Minute Candle Analysis (ORB5min): Uses key levels from the first 5-minute candle; if price exceeds the candle’s low, VWAP, and MA, it’s bullish (green), otherwise bearish (red). Volume-Weighted Moving Average (VWMA): Compares the current price to volume-weighted averages; a price above these levels is shown in green, below in red. Price-Volume Trend (PVT): Determines bullish or bearish momentum by comparing PVT to its VWAP—green when above and red when below. Oscillator Composite: Aggregates signals from multiple oscillators; a majority of positive results turn it green, while negative dominance results in red. RSI Condition: Uses a simple RSI threshold of 50, with values above signifying bullish (green) momentum and below marking bearish (red) conditions. ADX & Trend Strength: Reflects overall trend strength through ADX and directional movements; a combination favoring bullish conditions colors it green, with red signaling bearish pressure. Master Candle Overall Signal: Combines multiple indicator outputs into one “Master” signal—green for a consensus bullish trend and red for a bearish outlook. Scalp Signal Variation: Focused on short-term price changes, this signal adjusts quickly; green indicates improving short-term conditions, while red signals a downturn. 📊 Visualizations and 🎨 User Experience (❌ no repaint) Dynamic Histograms & Bar Plots: Each indicator is represented as a colored bar (with added vertical offsets) to facilitate easy comparison of their respective bullish or bearish contributions. Clear Color-Coding & Labels: Green (e.g., GreenFluorescent) indicates bullish sentiment. Red (e.g., RedFluorescent) indicates bearish sentiment. Custom labels and descriptive text accompany each bar for clarity. Interactive Charting: The overall background color adapts based on the “Master Candle” condition, offering an instant read on market sentiment. The current candlestick is overlaid with color cues to reinforce the indicator’s signal, enhancing the trading experience. Real-Time Alerts: Vertical lines appear on signal events (buy/sell triggers), complemented by alerts that help traders stay on top of actionable market moves. Sharp lines: The Sharp lines are plotted based upon the EMA5 cross over with the same market trend, marks this as good time to reentry. 🔧 Settings and Customization Flexible Timeframe Input: Users can select their preferred timeframe for analysis, making the indicator adaptable to intraday or longer-term trading styles. Customizable Indicator Parameters: ➤ Supertrend: Adjust ATR length and multiplier factors. ➤ HalfTrend: Tweak amplitude and channel deviation settings. ➤ Ichimoku Cloud & Oscillators: Fine-tune the conversion/base lines and oscillator lengths to match individual trading strategies. Visual Customization: The script’s color schemes and plotting styles can be altered as needed, giving users the freedom to tailor the interface to their taste or existing chart setups. 🌟 Uniqueness of the Concept Integrated Multi-Indicator Synergy: Combines a diverse range of trend, momentum, and volume-based indicators into a single cohesive system for a holistic market view. Master Candle Aggregation: Consolidates numerous individual signals into a "Master Candle" that filters out noise and provides a clear, consensus-based trading signal. Layered Visual Feedback: Uses color-coded histograms, adaptive background cues, and dynamic overlays to deliver a visually intuitive guide to market sentiment at a glance. Customization and Flexibility: Offers adjustable parameters for each indicator, allowing users to tailor the system to fit diverse trading styles and market conditions. ✅ Conclusion: Robust Trading Tool & Non-Repainting Reliability: This versatile technical analysis tool computes an extensive range of indicators, aggregates them into a stable, non-repainting “Master Candle” signal, and maintains consistent, verifiable outputs on historical data. Holistic Market Insight & Consistent Signal Generation: By combining trend detection, momentum oscillators, and volume analysis, the indicator delivers a comprehensive snapshot of market conditions and generates dependable signals across varying timeframes. User-Centric Design with Rich Visual Feedback: Customizable settings, clear color-coded outputs, adaptive backgrounds, and real-time alerts work together to provide actionable, transparent feedback—enhancing the overall trading experience. A Unique All-in-One Solution: The integrated approach not only simplifies complex market dynamics into an easy-to-read visual guide but also empowers systematic traders with a powerful, adaptable asset for accurate decision-making. ❤️ Credits: Pine Script™ User Manual Supertrend Ichimoku Cloud Parabolic SAR Price Volume Trend (PVT) Average Directional Index (ADX) Volume Oscillator HalfTrend Donchian Trend
Pine Script® indicator
by Options_Series
2
Compare Strength with SLOPE Description This indicator compares the relative strength between the current asset and a benchmark (e.g., BTC vs. ETH or AAPL vs. SPY) using a linear regression slope of their ratio over time. The ratio is calculated as: close / benchmark A linear regression slope is computed over a user-defined window The slope represents trend strength: if it’s rising, the current asset is outperforming the benchmark Plots Gray Line: The raw ratio between the asset and benchmark Orange Line: The slope of the ratio (shows momentum) Background Color : Green: The asset is significantly stronger than the benchmark Red: The asset is significantly weaker than the benchmark No color: No clear trend Settings Slope Window Length: Number of candles used in the regression (default = 10) Slope Threshold: Sensitivity of trend detection. Smaller values detect weaker trends. Example Use Cases Style Rotation Strategy: Use the slope to determine whether "Growth" or "Value" style is leading. Pair Trading / Relative Performance: Track which asset is leading in a pair (e.g., BTC vs ETH). Factor Timing: Serve as a timing model to allocate between different sectors or factors. Happy trading!
Pine Script® indicator
by martinivon
COT3 - Flip Strength Index - Invincible3This indicator uses the TradingView COT library to visualize institutional positioning and potential sentiment or trend shifts. It compares the long% vs short% of commercial and non-commercial traders for both Pair A and Pair B, helping traders identify trend strength, market overextension, and early reversal signals. 🔷 COT RSI The COT RSI normalizes the net positioning difference between non-commercial and commercial traders over (N=13, 26, and 52)-week periods. It ranges from 0 to 100, highlighting when sentiment is at bullish or bearish extremes. COT RSI (N)= ((NC - C)−min)/(max-min) x100 🟡 COT Index The COT Index tracks where the current non-commercial net position lies within its 1-year and 3-year historical range. It reflects institutional accumulation or distribution phases. Strength represents the magnitude of that positioning bias, visualized through normalized RSI-style metrics. COT Index (N)= (NC net)/(max-min) x100 🔁 Flip Detection Flip refers to the crossovers between long% and short%, indicating a change in directional bias among trader groups. When long positions exceed shorts (or vice versa), it signals a possible market flip in sentiment or trend. For example, Pair B commercial flip is calculated as: Long% = (Long/Open Interest)×100 Short% = (Short/Open Interest)×100 Flip = Long%−Short% A bullish flip occurs when long% overtakes short%, and vice versa for a bearish flip. These flips often precede price trend changes or confirm sentiment breakouts. Flip captures how far current positioning deviates from historical norms — highlighting periods of institutional overconfidence or exhaustion, often leading to significant market turns. This combination offers a multi-layered edge for identifying when smart money is flipping direction, and whether that flip has strong conviction or is likely to fade. .......................................................................................................................................................... 🔗 Connect & Learn More 📌 Discord:https://discord.gg/EjrsAjH8F5 ▶️ YouTube: www.youtube.com 🌐 Website: www.invincible3.org
Pine Script® indicator
by invincible3