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Indicators and strategies

Chop ZonesThis indicator plots two "zones" in the form of shaded boxes, one between PMH and PML and one between PDH and PDL, the area that is shaded more has the highest probability of price action to be "choppy", the lesser shaded area has less probability for "choppy" action whilst outside the shaded areas there is high probability of a trend. This indicator can be used to determine one of the three types of day: Chop day Bullish trend day Bearish trend day Chop day example today on AMEX:SPY Bullish trend day example on NASDAQ:DLTR Bearish trend day example on NASDAQ:UAL
Pine Script® indicator
by Dtrades_TV
Custom Gold Pivot LevelsThis indicator plots custom resistance and support levels based on a central Ziro Pivot Level. The levels are adjusted dynamically based on whether you're preparing for a Buy or Sell trade. The script allows you to set percentage-based levels for both resistance and support, making it a versatile tool for traders. Features: Pivot Level: Set the central pivot level (Ziro Pivot) around which resistance and support levels are calculated. Dynamic Resistance & Support Levels: Input your preferred percentages for Resistance 1, Resistance 2, Support 1 , and Support 2 . For Buy: Resistance levels are higher, and support levels are lower. For Sell: Resistance levels are adjusted lower, and support levels are adjusted higher. Label Display: The indicator will display a Buy label in green above the pivot level or a Sell label in red below the pivot level, depending on the trade type you select. Adjustable Parameters: Ziro Pivot Level: Set the central pivot level. Resistance & Support Levels: Adjust resistance and support levels using percentages. Trade Type: Choose between "Buy" and "Sell" to dynamically adjust resistance and support levels. Inputs: 1- Trade Type: Select between Buy or Sell to set the relevant resistance and support levels. Ziro Pivot Level: Set the main pivot level around which all other levels are calculated. Resistance Level 1 & 2: Input percentages for Resistance 1 and Resistance 2. Support Level 1 & 2: Input percentages for Support 1 and Support 2. How to Use: 1- Select "Buy" or "Sell" from the input options. For Buy: The indicator will plot higher resistance levels and lower support levels. For Sell: The indicator will plot lower resistance levels and higher support levels. 2- Adjust the Pivot Level: Set the central pivot level for the levels to be calculated around. 3- Adjust the Resistance & Support Percentages: Modify the resistance and support levels to fit your trading strategy. 4- Visual Feedback: The indicator will show a Buy label in green above the pivot level or a Sell label in red below the pivot level, making it easy to identify the trade direction at a glance. Use Cases: Gold & Commodity Trading: This tool is particularly useful for traders working with commodities like gold, where pivot levels can help determine potential price action points. Swing & Day Trading: The dynamic nature of this indicator makes it great for both swing and day traders who want to monitor short-term market movements. Support and Resistance Strategy: Traders who rely on support and resistance levels to make buy/sell decisions can use this indicator to automate and visualize these levels more effectively.
Pine Script® indicator
by OsamaSalsa
Cartera SuperTrends v4 PublicDescription This script creates a screener with a list of ETFs ordered by their average ROC in three different periods representing 4, 6 and 8 months by default. The ETF BIL is always included as a reference. The previous average ROC value shows the calculation using the closing price from last month. The current average ROC value shows the calculation using the current price. The previous average column background color represents if the ETF average ROC is positive or negative. The current average column background color represents if the ETF average ROC is positive or negative. The current average column letters color represents if the current ETF average ROC is improving or not from the previous month. Changes from V2 to V3 Added the option to make the calculation monthly, weekly or daily Changes from V3 to V4 Adding up to 25 symbols Highlight the number of tickers selected Highlight the sorted column Complete refactor of the code using a matrix of arrays Options The options available are: Make the calculation monthly, weekly or daily Adjust Data for Dividends Manual calculation instead of using ta.roc function Sort table Sort table by the previous average ROC or the current average ROC Number of tickers selected to highlight First Period in months, weeks or days Second Period in months, weeks or days Third Period in months, weeks or days Select the assets (max 25) Usage Just add the indicator to your favorite indicators and then add it to your chart.
Pine Script® indicator
by RoberGV
SPY MACD Histogram Reversals and RejectionsStrategy Overview: Intraday SPY Options Day Trading with MACD Histogram Reversals and Rejections This is an intraday trading strategy designed specifically for trading SPY (or SPX) using 1DTE options. It focuses on price action during the morning session and leverages MACD histogram crossovers, volatility analysis, and short-term price rejections to enter directional trades (calls or puts). The goal is to capitalize on early momentum shifts and retracement failures after initial market moves. Key Trading Hours and Constraints Trading Window: Only trades between 9:50 AM and 1:00 PM EST are considered. Trade Cutoff Buffer: New trades are blocked in the final 5 minutes before the 1:00 PM end time to avoid auto-close conflicts. First Hour Focus: Special logic applies during the first hour of the session (9:30 AM to 10:30 AM), where reversal-based setups are tracked more aggressively. MACD Histogram Setup The strategy calculates both 5-minute and 10-minute MACD values. Signals are generated when the 5-minute MACD histogram crosses the zero line, indicating a momentum shift. The magnitude of the histogram (absolute value) must exceed a threshold (0.10) to validate strong enough momentum. The 10-minute histogram is used as a confirmation filter: if it’s under 0.17 in magnitude, it favors a call entry (bullish breakout); otherwise, it defaults to put entry (bearish momentum). Reversal & Protection Logic (Early Morning Retests) Call Rejection Protection (To avoid entering long after a strong upward move and sharp retrace): Monitors price from 9:30–10:00 AM for the lowest point. Then from 10:00–10:35 AM, it tracks the highest price. If price retraces more than 90% of that move up, it avoids new call entries. Put Rejection Protection (To avoid entering short after a downward move and retrace): Tracks the highest point from 9:30–10:00 AM, then the lowest price from 10:00–10:35 AM. If price retraces more than 90% of that downward move, put entries are skipped. This avoids buying into failed breakouts or deep retracements, protecting against reversal traps. Entry Conditions Summary A trade is considered only if: It's within the allowed time window. MACD histogram crosses zero with sufficient strength. No retracement rejection conditions are triggered. The 10-minute MACD filter confirms momentum direction. Risk Management – Dynamic ATR-Based Stop Loss & Profit Target Uses a 6-period ATR to size both the stop loss and profit target. ATR multipliers are adjusted dynamically based on RSI(14) values to account for current volatility and overbought/oversold conditions: Profit Targets: Scaled using an aggressive ATR multiplier tied to RSI position. Stop Losses: Slightly wider to prevent premature exits from minor retracements. This adaptive approach helps ensure realistic targets while keeping risk within bounds. Options Profit Estimation Estimated option move is calculated using: The difference between entry price and the profit target (in underlying asset). Assumes 0.48 delta to approximate the expected option gain/loss. These values are displayed directly on the chart as part of the trade label. Trade Execution and Labeling Each trade is assigned a unique ID and visually labeled on the chart with: Direction (Call or Put) Profit target level Estimated underlying move Estimated option gain in dollars Alerts are also triggered to notify on entry signals, showing the estimated option profit. Performance Tracking and Statistics Tracks total trades, wins, losses, and current win streak using strategy.closedtrades. Displays these values in a live stats table on the chart for real-time feedback. Additional Visual Aids Table showing: MACD profit targets and histograms Estimated option moves Intraday range (high – low) Draws a horizontal line at the nearest rounded price level for quick visual context. Marks key morning times (9:55, 10:00, and 10:30) with small labeled markers. Overall Objective This strategy aims to: Catch early directional momentum in SPY within a controlled risk framework. Avoid trading into retracements or false breakouts. Provide visually clear, data-supported trade entries for real-time manual execution. Estimate profitability in terms of options pricing for quick decision-making. It's ideal for traders looking to day trade 0DTE or 1DTE SPY options using technical triggers, real-time filtering, and protective logic to reduce false signals and improve timing.
Pine Script® strategy
by trev_business
sideways market for strangle📌 Description of "Sideways Market for Strangle" Script** This **Pine Script** is designed to identify a **sideways market**, which is ideal for **option strangle strategies**. The script plots a **green signal** below the price chart when the market is in a low-volatility, non-trending phase. --- 🔹 How It Works** 1️⃣ **RSI Condition (Measures Market Momentum)** - The script uses a **Relative Strength Index (RSI) with a length of 11**. - If **RSI is between 40 and 60**, the market is neither overbought nor oversold, indicating a range-bound or sideways trend. 2️⃣ **ADX Condition (Checks Trend Strength)** - The **Average Directional Index (ADX)** is used to measure trend strength. - If **ADX is below 25**, it confirms a weak trend. - Additionally, ADX must be **lower than both DI+ and DI-**, ensuring that there’s no strong bullish or bearish momentum. 3️⃣ **Signal Plotting** - When both conditions are met (RSI between 40-60 and ADX < 25 with ADX < DI+ & DI-), a **green shape appears below the price chart**. - This signal suggests that the market is in a **sideways phase**, making it suitable for **strangle or non-directional option strategies**. --- 🔹 Why Use This for a Strangle Strategy?** - **Strangles perform best in a sideways market** where implied volatility is low. - This indicator helps traders avoid **trending markets**, reducing risk. - **Simple visualization** makes it easy to identify low-movement zones at a glance. --- 🔹 How to Use in TradingView** 1. **Add this script** as a custom indicator. 2. **Look for green signals** appearing below candles. 3. When the signal appears, consider setting up a **strangle options strategy**. 4. Avoid trading when the market shows **strong trends** (RSI out of range or ADX above 25). --- 🚀 Summary** ✅ **Detects sideways markets for strangle strategies** ✅ **Uses RSI (11) & ADX (14) for confirmation** ✅ **Filters out trending conditions** ✅ **Easy-to-use signal for option traders**
Pine Script® indicator
by jaydipali622018
Pivot S/R with Volatility Filter## *📌 Indicator Purpose* This indicator identifies *key support/resistance levels* using pivot points while also: ✅ Detecting *high-volume liquidity traps* (stop hunts) ✅ Filtering insignificant pivots via *ATR (Average True Range) volatility* ✅ Tracking *test counts and breakouts* to measure level strength --- ## *⚙ SETTINGS – Detailed Breakdown* ### *1️⃣ ◆ General Settings* #### *🔹 Pivot Length* - *Purpose:* Determines how many bars to analyze when identifying pivots. - *Usage:* - *Low values (5-20):* More pivots, better for scalping. - *High values (50-200):* Fewer but stronger levels for swing trading. - *Example:* - Pivot Length = 50 → Only the most significant highs/lows over 50 bars are marked. #### *🔹 Test Threshold (Max Test Count)* - *Purpose:* Sets how many times a level can be tested before being invalidated. - *Example:* - Test Threshold = 3 → After 3 tests, the level is ignored (likely to break). #### *🔹 Zone Range* - *Purpose:* Creates a price buffer around pivots (±0.001 by default). - *Why?* Markets often respect "zones" rather than exact prices. --- ### *2️⃣ ◆ Volatility Filter (ATR)* #### *🔹 ATR Period* - *Purpose:* Smoothing period for Average True Range calculation. - *Default:* 14 (standard for volatility measurement). #### *🔹 ATR Multiplier (Min Move)* - *Purpose:* Requires pivots to show *meaningful price movement*. - *Formula:* Min Move = ATR × Multiplier - *Example:* - ATR = 10 pips, Multiplier = 1.5 → Only pivots with *15+ pip swings* are valid. #### *🔹 Show ATR Filter Info* - Displays current ATR and minimum move requirements on the chart. --- ### *3️⃣ ◆ Volume Analysis* #### *🔹 Volume Change Threshold (%)* - *Purpose:* Filters for *unusual volume spikes* (institutional activity). - *Example:* - Threshold = 1.2 → Requires *120% of average volume* to confirm signals. #### *🔹 Volume MA Period* - *Purpose:* Lookback period for "normal" volume calculation. --- ### *4️⃣ ◆ Wick Analysis* #### *🔹 Wick Length Threshold (Ratio)* - *Purpose:* Ensures rejection candles have *long wicks* (strong reversals). - *Formula:* Wick Ratio = (Upper Wick + Lower Wick) / Candle Range - *Example:* - Threshold = 0.6 → 60% of the candle must be wicks. #### *🔹 Min Wick Size (ATR %)* - *Purpose:* Filters out small wicks in volatile markets. - *Example:* - ATR = 20 pips, MinWickSize = 1% → Wicks under *0.2 pips* are ignored. --- ### *5️⃣ ◆ Display Settings* - *Show Zones:* Toggles support/resistance shaded areas. - *Show Traps:* Highlights liquidity traps (▲/▼ symbols). - *Show Tests:* Displays how many times levels were tested. - *Zone Transparency:* Adjusts opacity of zones. --- ## *🎯 Practical Use Cases* ### *1️⃣ Liquidity Trap Detection* - *Scenario:* Price spikes *above resistance* then reverses sharply. - *Requirements:* - Long wick (Wick Ratio > 0.6) - High volume (Volume > Threshold) - *Outcome:* *Short Trap* signal (▼) appears. ### *2️⃣ Strong Support Level* - *Scenario:* Price bounces *3 times* from the same level. - *Indicator Action:* - Labels the level with test count (3/5 = 3 tests out of max 5). - Turns *red* if broken (Break Count > 0). Deep Dive: How This Indicator Works* This indicator combines *four professional trading concepts* into one powerful tool: 1. *Classic Pivot Point Theory* - Identifies swing highs/lows where price previously reversed - Unlike basic pivot indicators, ours uses *confirmed pivots only* (filtered by ATR) 2. *Volume-Weighted Validation* - Requires unusual trading volume to confirm levels - Filters out "phantom" levels with low participation 3. *ATR Volatility Filtering* - Eliminates insignificant price swings in choppy markets - Ensures only meaningful levels are plotted 4. *Liquidity Trap Detection* - Spots institutional stop hunts where markets fake out traders - Uses wick analysis + volume spikes for high-probability signals --- Deep Dive: How This Indicator Works* This indicator combines *four professional trading concepts* into one powerful tool: 1. *Classic Pivot Point Theory* - Identifies swing highs/lows where price previously reversed - Unlike basic pivot indicators, ours uses *confirmed pivots only* (filtered by ATR) 2. *Volume-Weighted Validation* - Requires unusual trading volume to confirm levels - Filters out "phantom" levels with low participation 3. *ATR Volatility Filtering* - Eliminates insignificant price swings in choppy markets - Ensures only meaningful levels are plotted 4. *Liquidity Trap Detection* - Spots institutional stop hunts where markets fake out traders - Uses wick analysis + volume spikes for high-probability signals --- ## *📊 Parameter Encyclopedia (Expanded)* ### *1️⃣ Pivot Engine Settings* #### *Pivot Length (50)* - *What It Does:* Determines how many bars to analyze when searching for swing highs/lows. - *Professional Adjustment Guide:* | Trading Style | Recommended Value | Why? | |--------------|------------------|------| | Scalping | 10-20 | Captures short-term levels | | Day Trading | 30-50 | Balanced approach | | Swing Trading| 50-200 | Focuses on major levels | - *Real Market Example:* On NASDAQ 5-minute chart: - Length=20: Identifies levels holding for ~2 hours - Length=50: Finds levels respected for entire trading day #### *Test Threshold (5)* - *Advanced Insight:* Institutions often test levels 3-5 times before breaking them. This setting mimics the "probe and push" strategy used by smart money. - *Psychology Behind It:* Retail traders typically give up after 2-3 tests, while institutions keep testing until stops are run. --- ### *2️⃣ Volatility Filter System* #### *ATR Multiplier (1.0)* - *Professional Formula:* Minimum Valid Swing = ATR(14) × Multiplier - *Market-Specific Recommendations:* | Market Type | Optimal Multiplier | |------------------|--------------------| | Forex Majors | 0.8-1.2 | | Crypto (BTC/ETH) | 1.5-2.5 | | SP500 Stocks | 1.0-1.5 | - *Why It Matters:* In EUR/USD (ATR=10 pips): - Multiplier=1.0 → Requires 10 pip swings - Multiplier=1.5 → Requires 15 pip swings (fewer but higher quality levels) --- ### *3️⃣ Volume Confirmation System* #### *Volume Threshold (1.2)* - *Institutional Benchmark:* - 1.2x = Moderate institutional interest - 1.5x+ = Strong smart money activity - *Volume Spike Case Study:* *Before Apple Earnings:* - Normal volume: 2M shares - Spike threshold (1.2): 2.4M shares - Actual volume: 3.1M shares → STRONG confirmation --- ### *4️⃣ Liquidity Trap Detection* #### *Wick Analysis System* - *Two-Filter Verification:* 1. *Wick Ratio (0.6):* - Ensures majority of candle shows rejection - Formula: (UpperWick + LowerWick) / Total Range > 0.6 2. *Min Wick Size (1% ATR):* - Prevents false signals in flat markets - Example: ATR=20 pips → Min wick=0.2 pips - *Trap Identification Flowchart:* Price Enters Zone → Spikes Beyond Level → Shows Long Wick → Volume > Threshold → TRAP CONFIRMED --- ## *💡 Master-Level Usage Techniques* ### *Institutional Order Flow Analysis* 1. *Step 1:* Identify pivot levels with ≥3 tests 2. *Step 2:* Watch for volume contraction near levels 3. *Step 3:* Enter when trap signal appears with: - Wick > 2×ATR - Volume > 1.5× average ### *Multi-Timeframe Confirmation* 1. *Higher TF:* Find weekly/monthly pivots 2. *Lower TF:* Use this indicator for precise entries 3. *Example:* - Weekly pivot at $180 - 4H shows liquidity trap → High-probability reversal --- ## *⚠ Critical Mistakes to Avoid* 1. *Using Default Settings Everywhere* - Crude oil needs higher ATR multiplier than bonds 2. *Ignoring Trap Context* - Traps work best at: - All-time highs/lows - Major psychological numbers (00/50 levels) 3. *Overlooking Cumulative Volume* - Check if volume is building over multiple tests
Pine Script® indicator
by doganayy2
Money Printer V3 – BTC 15M EMA Crossover Strategy🚀 Overview Money Printer V3 is a trend-following strategy built for crypto markets. It uses fast EMA crossovers with RSI filtering, optional MACD and volume confirmation, and ATR-based trailing stops to capture high-probability momentum trades. This version is optimized for 15-minute timeframes with responsive parameters to increase trade frequency and signal clarity. 📈 How It Works Buy Conditions: Fast EMA crosses above Slow EMA RSI > 40 (customizable) Optional: MACD histogram > 0 Optional: Volume above 1.5x 20-period average Sell Conditions: Opposite of the buy conditions Risk Management: Stop-loss and trailing stop are dynamically set using ATR Position size based on account equity and ATR distance (2% risk per trade) ⚙️ Default Settings Fast EMA: 5 Slow EMA: 20 RSI Threshold: 40 MACD Filter: OFF Volume Filter: ON ATR SL Multiplier: 2.5 ATR Trailing Multiplier: 3.5 Risk: 2% of equity per trade Initial Capital: $5,000 Commission: 0.1% Slippage: 0.5% 📊 Backtest Notes Tested on BTC/USD 15-minute timeframe from 2018 to 2024 Produces 100+ trades for statistically relevant sample size Strategy is not predictive — it reacts to confirmed trends with filters to reduce false signals Past performance does not guarantee future results 📌 How to Use Add this strategy to your BTC/USD 15M chart Customize the input parameters to match your trading style Enable alerts for buy/sell conditions Always forward test before using with real funds ⚠️ Disclaimer This script is for educational and research purposes only. Use at your own risk. Markets are unpredictable, and no strategy can guarantee profits. Always use proper risk management.
Pine Script® strategy
by blockchaindomain719
4
RSI + SAR + VOLUMEThis script is a clean and professional signal generator that combines multiple technical factors to identify high-probability entries. 🔹 Buy/Sell signals are triggered when all of the following conditions are met: • RSI is rebounding from a configurable zone (default: 40–60) • Parabolic SAR confirms trend direction • Candle body is strong (closing above/below 50% of its range) • Volume is above its 20-period average (optional) • Volume is higher than the previous N candles (optional, default: 1) • Signals are rate-limited to avoid repetition within the next N candles (default: 7) 🎛️ All key settings are customizable through the script's input panel. 🚫 No repainting. No lagging oscillators. Only fresh conditions based on current price action. Ideal for scalping, swing trading, and as a confirmation layer within larger systems. ✅ Clean chart. ✅ Alert-ready. ✅ Code optimized for TradingView Pine Script v6. — Developed with precision and purpose by Israel Orozco 📈 Focused on clean, reliable and actionable signals 💡 For feedback, improvements, or collaboration, feel free to reach out! 🧠 “Trade logic, not emotion.”
Pine Script® indicator
by iaorozco
1
Ranked Parabolic Curve Detector (Adaptive + Reversion Aware)The Parabolic Curve Detector is a smart, adaptable trading signal engine designed to help you spot true momentum — not the flashy head-fakes, but sustained, accelerating moves that have the potential to go parabolic. Whether you’re new to trading or looking to sharpen your edge, this tool combines a suite of time-tested and modern techniques into one unified signal, all while adjusting to changing market conditions. The core idea is simple: detect when price is not just rising, but accelerating, like a curve bending upward. To do that, the script analyzes the log of price and calculates both: Slope1: how fast the price is moving (momentum) Slope2: how fast that momentum is changing (acceleration) Over a user-defined number of bars (which amounts to sensitivity ), the script checks for consistency. So, for example, if both slope1 and slope2 have been positive for 4 bars, that’s a strong signal. But it doesn’t stop there. The key is weighted Intelligence What makes this tool uniquely customizable is that each layer of signal logic is weighted: Slope1 and Slope2: You can assign how much these matter (e.g., 60% for slope1, 20% for slope2) Ichimoku Trend Filter: A bullish setup (Tenkan > Kijun) can contribute to the total score RSI Context: The indicator checks for overextension (RSI > 70 and falling) and mean-reversion potential (RSI < 45 and rising), adjusting scores accordingly You can fine-tune these weights to match your trading style — whether you prefer to catch early momentum, ride mature trends, or fade reversals. Finally, there is adaptive Intelligence . This isn’t a static signal. The indicator auto-adjusts its strictness using: Slope Flip Rate: If price changes direction frequently, the required bar count increases Volatility (ATR): In volatile markets, the threshold for signal confirmation tightens to avoid noise You can turn this adaptive behavior on or off. When enabled, it makes the script self-tuning across timeframes — more reactive on clean moves, more skeptical in chop. How to Use It Start on a log-scaled daily chart Enable the indicator and optionally turn on Adaptive Sensitivity Look for: Green Circles = bullish signal with favorable RSI + trend Orange Circles = still bullish, but possibly overextended For bearish setups, enable Parabolic Drops in settings I am still experimenting with it, so if you find a better way to use it, let us know! My suggested tweaks : sensitivity: 3–5 for normal, higher for stricter signalThreshold: 0.7–0.85 depending on how picky you want to be Weights for slope1/slope2/trend RSI boost/penalty levels
Pine Script® indicator
by Powerslider
Shaved Candle IdentifierThis script is different because it actually highlights the candle and is not just an icon. It will identify bars that have no wick. Each color represents a different type of candle. Shaved candles represent major liquidity zones, and tend to get swept in the future. Shaved candles are useful for spotting reversals and as price targets. Green is when open = low Red is when open = high Blue is when close = high Orange is when close = low There is 0 tolerance for any deviation, if the price is 0.001 off, it will not be identified. Only absolutely shaved candles will be identified.
Pine Script® indicator
by btcmaxlev
Beep BoopThe Beep Boop indicator is designed to simplify visual trading decisions by combining the concepts of MACD (Moving Average Convergence Divergence) and a customizable EMA trend filter. It provides clear visual cues to help traders quickly assess market momentum and the current trend direction. ### What Makes Beep Boop Unique? This indicator uniquely modifies the standard MACD histogram to create a simplified binary visualization—highlighting either bullish or bearish momentum clearly. Rather than displaying traditional MACD bars of varying sizes, it assigns fixed positive or negative values to simplify interpretation: - A positive histogram (fixed at 0.1) indicates bullish momentum. - A negative histogram (fixed at 0.09) indicates bearish momentum. Additionally, Beep Boop integrates a configurable EMA (Exponential Moving Average) to filter signals, allowing traders to identify stronger directional moves by comparing the current price action with the EMA trend line: - Bullish bars (green) appear only when price action is above the EMA. - Bearish bars (red) appear only when price action is below the EMA. - Neutral bars (white) appear when price action is uncertain or mixed in relation to the EMA. ### How to Use Beep Boop? 1. Fast and Slow Lengths: Adjust these to configure the MACD calculation for different timeframes or market volatility. 2. EMA Trend: Change this parameter to fine-tune the sensitivity of the EMA filter based on your preferred trading style (short-term, swing, or long-term). 3. Simple or Exponential MA: Toggle between SMA (Simple Moving Average) or EMA calculations to personalize the responsiveness of the MACD and signal lines. ### Recommended Applications - Trend-following strategies: Clearly identifies market direction for entries and exits. - Momentum Trading: Provides simple momentum confirmation for scalping and short-term trading. - Market Screening: Quickly filters assets based on bullish or bearish momentum strength. This indicator offers traders a clean, straightforward method to gauge market conditions at a glance, simplifying the complexity inherent in traditional momentum and trend indicators. Happy Trading!
Pine Script® indicator
by OBSIDE
Price Extreme BandsPrice Extreme Bands Description This indicator calculates and displays Price Extreme Bands based on an Exponential Moving Average (EMA) and True Range Average True Range (TR ATR). It utilizes a custom "Super Smoother" function to smooth the bands, providing a clearer representation of potential price extremes without sacrificing accuracy. Usage Built for specifically for intraday timeframes, this indicator identifies short term price extremes and volatility ranges. Traders can observe when price moves towards the outer bands, suggesting strong momentum or potential overbought/oversold conditions. The filled zones highlight areas of increased volatility which can used as exit criteria for a trade, possible reversal points in ranging markets or price ranges where price momentum could slow in trending markets. Key Features Length Input: Controls the length of the EMA and TR ATR calculations. Multiplier Inputs: Uses two fixed multipliers (1.71 and 2.50) to create bands. Super Smoother: Applies a custom smoothing function to the bands for reduced noise. Fill Zones: Fills the areas between the inner and outer bands to highlight potential volatility ranges. Calculation: 1. EMA (Basis): Calculates the Exponential Moving Average of the selected source. 2. TR ATR: Calculates the True Range and then smoothes it using RMA (Rolling Moving Average). 3. Bands: Calculates upper and lower bands using the EMA and ATR, with multipliers of 1.71 and 2.50. 4. Super Smoother: Applies a smoothing function to the calculated bands. Visuals: Basis Line: Plots the EMA (basis) (invisible by default). Inner Bands (1.71 Multiplier): Plots the smoothed bands with a distinct color (e.g., orange) (invisible by default). Outer Bands (2.50 Multiplier): Plots the smoothed bands with a different color (e.g., purple) (invisible by default). Fill Zones: Fills the region between the inner and outer upper bands and the inner and outer lower bands with a translucent color (e.g. light blue). // Note: The plot lines are invisible by default. To view the basis, upper and lower band lines, adjust the visibility settings in the indicator's settings. Uniqueness: Ready of the box. Code and parameters built specifically for 1m to 15m timeframes provides users with an indicator to easily identify price extremes. The use of TR ATR and addition of the Super Smoother calculation create a easier visualization and implementation compared to existing price band options.
Pine Script® indicator
by jrpowell01
Wyckoff Range Detector [Beta] + Smart Money ElementsThis indicator detects the key phases of the Wyckoff market structure and integrates smart money elements, such as Order Blocks (OB), Fair Value Gaps (FVG), and Breaker Blocks. It also helps identify potential reversal zones (LPS, UTAD, Spring), breakout opportunities, and provides automatic Risk-Reward (R:R) calculations. Key Features: Wyckoff Phases Detection: Automatically detects key phases of Wyckoff's market structure: B (Range) – The initial range of accumulation. C (Spring Phase) – Accumulation phase with a potential breakout. C (UTAD Phase) – Upthrust After Distribution, indicating a potential reversal. D (LPS Phase) – Last Point of Support, signaling accumulation before a breakout. E (Breakout) – Phase marking breakout from range. Re-Accumulation – Possible continuation in the range after a breakout. Re-Distribution – Possible breakdown of a distribution phase. Smart Money Elements: Order Blocks (OB): Identifies Bullish and Bearish OBs to anticipate market entries. Fair Value Gap (FVG): Highlights imbalance areas where price is likely to return. Breaker Blocks: Marks areas where the price has previously broken a structure, indicating strong supply/demand zones. Automatic Risk-Reward Calculation: Smart RR: Automatically calculates Risk-Reward (R:R) ratios from LPS phases and Order Blocks. It draws lines to indicate target and stop levels with green for the target and red for the stop. Visual representation of the entry signal with target and stop levels displayed. Alerts: Set alerts for phase changes, breakout, re-accumulation, or re-distribution to stay updated on the market’s movements. Visual Tools: Labels are used to indicate key zones such as AR, SC, LPS, and Spring Zones. Draw boxes for the Spring and LPS phases to highlight areas where price action is likely to reverse. Lines to represent potential breakouts, with customizable risk-reward indicators. How to Use: Apply the Indicator on any chart. Identify Wyckoff phases to understand market trends. Monitor Smart Money Elements (OB, FVG, Breaker) for entry and exit points. Use automatic Risk-Reward levels for managing trades. Set alerts for various Wyckoff phases and smart money signals to stay updated.
Pine Script® indicator
by magistr890
Custom Opening Range FillThis TradingView indicator visualizes a customizable opening range. Users define the start hour, minute (UTC), and range duration. It calculates the high and low prices within this period and fills the area between them on the chart. The range resets daily. This highlights a specific trading window, aiding in identifying potential breakout or breakdown levels. Traders can adjust the time parameters to analyze various market sessions or strategies. It's useful for those focusing on price action within a defined timeframe, simplifying the observation of key price levels.
Pine Script® indicator
by Ep69
LBM - Advanced StrategiesGeneral Operation This indicator combines 5 configurable moving averages with up to 5 customizable trading strategies. The moving averages are plotted on the chart and the strategies generate buy and sell signals based on user-defined conditions. Buy Strategy Configuration (and Automatic Inverse Sell) For each strategy (1 to 5), you can configure: Enable/Disable : Activates or deactivates the strategy Source A : Selects the first element for comparison (can be one of the MAs, High, Low, Close or Open) Operator : Chooses the comparison condition (>; >=; =; <=; <; Crossover; Crossunder) Source B: Selects the second element for comparison Connector : Defines how the strategy connects with previous ones (AND, OR, etc.) Important about sells: Sell conditions are automatically the opposite of buy conditions. For example: If buy is triggered when MA1 > MA2, sell will be when MA1 < MA2 If buy uses a "Crossover", sell will use a "Crossunder" (and vice versa) Practical Example If you configure: Strategy 1: Source A = Close, Operator = ">", Source B = MA1 This means: BUY signal when closing price is ABOVE MA1 SELL signal when closing price is BELOW MA1 (automatic opposite) Visualization Green downward triangles indicate buy signals Red upward triangles indicate sell signals Moving averages are plotted with different colors for easy identification The indicator allows combining multiple strategies with complex conditional logic (AND/OR) to create customized trading systems.
Pine Script® indicator
by lmachado82
PDH/PDL ZonesPDH/PDL Zones Overview The PDH/PDL Zones indicator highlights the price range between the previous day’s high (PDH) and low (PDL) during regular market hours (9:30 AM to 4:00 PM EST). It draws a semi-transparent zone across the chart, making it easy to visualize key support and resistance levels from the prior trading session. This indicator is designed for intraday traders who want to focus on regular market activity, excluding premarket and after-hours data.
Pine Script® indicator
by Dtrades_TV