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Trend Detection #### *Description:* This *Trend Detection* indicator is designed to help traders identify and confirm trends in the market using a combination of moving averages, volume analysis, and MACD filters. It provides clear visual signals for uptrends and downtrends, along with customizable settings to adapt to different trading styles and timeframes. The indicator is suitable for both beginners and advanced traders who want to improve their trend-following strategies. --- #### *Key Features:* 1. *Trend Detection:* - Uses *Moving Averages (MA)* to determine the overall trend direction. - Supports multiple MA types: *SMA (Simple), **EMA (Exponential), **WMA (Weighted), and **HMA (Hull)*. 2. *Advanced Filters:* - *MACD Filter:* Confirms trends using MACD crossovers. - *Volume Filter:* Ensures trends are supported by above-average volume. - *Multi-Timeframe Filter:* Validates trends using a higher timeframe (e.g., Daily or Weekly). 3. *Visual Signals:* - Plots a *trend line* on the chart to indicate the current trend direction. - Fills the background with *green* for uptrends and *red* for downtrends. 4. *Customizable Settings:* - Adjust the *MA lengths, **MACD parameters, and **confirmation thresholds* to suit your trading strategy. - Control the transparency of the background fill for better chart readability. 5. *Alerts:* - Generates *buy/sell signals* when a trend is confirmed. - Alerts can be set to trigger at the close of a candle for precise entry/exit points. --- #### *How to Use:* 1. *Adding the Indicator:* - Copy and paste the Pine Script code into the TradingView Pine Script editor. - Add the indicator to your chart. 2. *Configuring the Settings:* - *Trend Settings:* - Choose the *MA type* (e.g., EMA for faster response, HMA for smoother trends). - Set the *Trend MA Period* (e.g., 200 for long-term trends) and *Filter MA Period* (e.g., 100 for medium-term trends). - *Advanced Filters:* - Enable/disable the *MACD Filter* and adjust its parameters (Fast, Slow, Signal). - Enable/disable the *Volume Filter* to ensure trends are supported by volume. - *Multi-Timeframe Filter:* - Enable this filter to validate trends using a higher timeframe (e.g., Daily or Weekly). 3. *Interpreting the Signals:* - *Uptrend:* The trend line turns *green*, and the background is filled with a transparent green color. - *Downtrend:* The trend line turns *red*, and the background is filled with a transparent red color. - *Alerts:* Buy/sell signals are generated when the trend is confirmed. 4. *Using Alerts:* - Set up alerts for *Buy Signal* (bullish reversal) and *Sell Signal* (bearish reversal). - Alerts can be configured to trigger at the close of a candle for precise execution. --- #### *Settings and Their Effects:* 1. *MA Type:* - *SMA:* Smooth but lagging. Best for long-term trends. - *EMA:* Faster response to price changes. Suitable for medium-term trends. - *WMA:* Gives more weight to recent prices. Useful for short-term trends. - *HMA:* Combines speed and smoothness. Ideal for all timeframes. 2. *Trend MA Period:* - A longer period (e.g., 200) identifies long-term trends but may lag. - A shorter period (e.g., 50) reacts faster but may produce false signals. 3. *Filter MA Period:* - Acts as a secondary filter to confirm the trend. - A shorter period (e.g., 50) provides tighter confirmation but may increase noise. 4. *MACD Filter:* - Ensures trends are confirmed by MACD crossovers. - Adjust the *Fast, **Slow, and **Signal* lengths to match your trading style. 5. *Volume Filter:* - Ensures trends are supported by above-average volume. - Reduces false signals during low-volume periods. 6. *Multi-Timeframe Filter:* - Validates trends using a higher timeframe (e.g., Daily or Weekly). - Increases reliability but may delay signals. 7. *Confirmation Value:* - Sets the minimum percentage deviation from the trend MA required to confirm a trend. - A higher value (e.g., 2.0%) reduces false signals but may delay trend detection. 8. *Confirmation Bars:* - Sets the number of bars required to confirm a trend. - A higher value (e.g., 5 bars) ensures sustained trends but may delay signals. --- #### *Who Should Use This Indicator?* 1. *Trend Followers:* - Traders who focus on identifying and riding long-term trends. - Suitable for *swing traders* and *position traders*. 2. *Day Traders:* - Can use shorter MA periods and faster filters (e.g., EMA, HMA) for intraday trends. 3. *Volume-Based Traders:* - Traders who rely on volume confirmation to validate trends. 4. *Multi-Timeframe Traders:* - Traders who use higher timeframes to confirm trends on lower timeframes. 5. *Beginners:* - Easy-to-understand visual signals and alerts make it beginner-friendly. 6. *Advanced Traders:* - Customizable settings allow for fine-tuning to match specific strategies. --- #### *Example Use Cases:* 1. *Long-Term Investing:* - Use a *200-period SMA* with a *Daily* higher timeframe filter to identify long-term trends. - Enable the *Volume Filter* to ensure trends are supported by strong volume. 2. *Swing Trading:* - Use a *50-period EMA* with a *4-hour* higher timeframe filter for medium-term trends. - Enable the *MACD Filter* to confirm trend reversals. 3. *Day Trading:* - Use a *20-period HMA* with a *1-hour* higher timeframe filter for short-term trends. - Disable the *Volume Filter* for faster signals. --- #### *Conclusion:* The *Trend Detection* indicator is a versatile tool for traders of all levels. Its customizable settings and advanced filters make it suitable for various trading styles and timeframes. By combining moving averages, volume analysis, and MACD filters, it provides reliable trend signals with minimal lag. Whether you're a beginner or an advanced trader, this indicator can help you make better trading decisions by identifying and confirming trends in the market. --- #### *Publishing on TradingView:* - *Title:* Trend Detection with Advanced Filters - *Description:* A powerful trend detection tool using moving averages, volume analysis, and MACD filters. Suitable for all trading styles and timeframes. - *Tags:* Trend, Moving Averages, MACD, Volume, Multi-Timeframe - *Category:* Trend-Following - *Access:* Public or Private (depending on your preference). --- Let me know if you need further assistance or additional features!
Pine Script® indicator
by doganayy2
fractal candle The fractal candle technical indicator to identify potential trend reversals in financial markets. It works by counting a series of price bars and looking for specific patterns that indicate when a trend is likely to reverse. How the Indicator Works: Counting Candles: The indicator compares the closing price of the current candle with the closing price from 4 candles ago. If the current close is higher, the bullish (buy) count increases. If the current close is lower, the bearish (sell) count increases. When a count reaches 9 or 13, it may signal a trend reversal. Buy and Sell Setup: A buy setup occurs when there have been 9 consecutive candles where each close is lower than the close 4 candles before. This suggests a possible bullish reversal. A sell setup occurs when there have been 9 consecutive candles where each close is higher than the close 4 candles before. This suggests a possible bearish reversal. Support and Resistance Levels: The indicator tracks previous highs and lows during buy/sell setups to identify potential support and resistance levels. These levels can help traders decide where price might reverse or consolidate. Candle Coloring for Visual Aid: The script changes candle colors: Red for sell signals 📉 Green for buy signals 📈 Different shades for overshoot conditions (extended trends)
Pine Script® indicator
by MK_T-R-A-D-E-R
Ehlers Adaptive RSIThe Ehlers Adaptive RSI improves on the traditional RSI by dynamically adjusting its period based on market conditions. Problem with the Classic RSI: The traditional Relative Strength Index (RSI) uses a fixed period (e.g., 14), making it slow to react in volatile markets and too sensitive in stable conditions. How the Adaptive RSI Solves This: Instead of a fixed period, this version automatically adapts based on market volatility using a combination of ATR (Average True Range) and EMA (Exponential Moving Average). Key Benefits: More Responsive – Quickly adapts to market shifts, reducing lag. Less Noise – Filters out unnecessary fluctuations in stable trends. Self-Adjusting – No need to manually change RSI settings for different market conditions. Better Signal Accuracy – Helps detect real trend reversals without false alarms. This script is for informational and educational purposes only. It does not constitute financial advice, and past performance does not guarantee future results. Use it at your own risk.
Pine Script® indicator
by Julien_Eche
5
Hull Moving Average Adaptive RSI (Ehlers)Hull Moving Average Adaptive RSI (Ehlers) The Hull Moving Average Adaptive RSI (Ehlers) is an enhanced trend-following indicator designed to provide a smooth and responsive view of price movement while incorporating an additional momentum-based analysis using the Adaptive RSI. Principle and Advantages of the Hull Moving Average: - The Hull Moving Average (HMA) is known for its ability to track price action with minimal lag while maintaining a smooth curve. - Unlike traditional moving averages, the HMA significantly reduces noise and responds faster to market trends, making it highly effective for detecting trend direction and changes. - It achieves this by applying a weighted moving average calculation that emphasizes recent price movements while smoothing out fluctuations. Why the Adaptive RSI Was Added: - The core HMA line remains the foundation of the indicator, but an additional analysis using the Adaptive RSI has been integrated to provide more meaningful insights into momentum shifts. - The Adaptive RSI is a modified version of the traditional Relative Strength Index that dynamically adjusts its sensitivity based on market volatility. - By incorporating the Adaptive RSI, the HMA visually represents whether momentum is strengthening or weakening, offering a complementary layer of analysis. How the Adaptive RSI Influences the Indicator: - High Adaptive RSI (above 65): The market may be overbought, or bullish momentum could be fading. The HMA turns shades of red, signaling a possible exhaustion phase or potential reversals. - Neutral Adaptive RSI (around 50): The market is in a balanced state, meaning neither buyers nor sellers are in clear control. The HMA takes on grayish tones to indicate this consolidation. - Low Adaptive RSI (below 35): The market may be oversold, or bearish momentum could be weakening. The HMA shifts to shades of blue, highlighting potential recovery zones or trend slowdowns. Why This Combination is Powerful: - While the HMA excels in tracking trends and reducing lag, it does not provide information about momentum strength on its own. - The Adaptive RSI bridges this gap by adding a clear visual layer that helps traders assess whether a trend is likely to continue, consolidate, or reverse. - This makes the indicator particularly useful for spotting trend exhaustion and confirming momentum shifts in real-time. Best Use Cases: - Works effectively on timeframes from 1 hour (1H) to 1 day (1D), making it suitable for swing trading and position trading. - Particularly useful for trading indices (SPY), stocks, forex, and cryptocurrencies, where momentum shifts are frequent. - Helps identify not just trend direction but also whether that trend is gaining or losing strength. Recommended Complementary Indicators: - Adaptive Trend Finder: Helps identify the dominant long-term trend. - Williams Fractals Ultimate: Provides key reversal points to validate trend shifts. - RVOL (Relative Volume): Confirms significant moves based on volume strength. This enhanced HMA with Adaptive RSI provides a powerful, intuitive visual tool that makes trend analysis and momentum interpretation more effective and efficient. This indicator is for educational and informational purposes only. It should not be considered financial advice or a guarantee of performance. Always conduct your own research and use proper risk management when trading. Past performance does not guarantee future results.
Pine Script® indicator
by Julien_Eche
Jigga-SectorTrendViewThe Jigga-SectorView script is indicator designed to analyze and visualize sector trends based on given input. Based on input of multiple sector indices, calculates key technical values, and presents a structured summary in a table. Calculating Sector Strength & Momentum: For each selected symbol Step 1 - 52-week lowest low is fetched. Step 2 - Daily closing price is retrieved. Step 3 - A crossover between 50-day EMA and 200-day EMA determines trend shifts. Step 4 - Percentage difference from the identified level is calculated. Output: A bottom-right table is created with sector-wise trend insights which shows Symbol name and how much its away from SL in percentage terms.
Pine Script® indicator
by jigneshjc
Wall Street Ai**Wall Street Ai – Advanced Technical Indicator for Market Analysis** **Overview** Wall Street Ai is an advanced, AI-powered technical indicator meticulously engineered to provide traders with in-depth market analysis and insight. By leveraging state-of-the-art artificial intelligence algorithms and comprehensive historical price data, Wall Street Ai is designed to identify significant market turning points and key price levels. Its sophisticated analytical framework enables traders to uncover potential shifts in market momentum, assisting in the formulation of strategic trading decisions while maintaining the highest standards of objectivity and reliability. **Key Features** - **Intelligent Pattern Recognition:** Wall Street Ai employs advanced machine learning techniques to analyze historical price movements and detect recurring patterns. This capability allows it to differentiate between typical market noise and meaningful signals indicative of potential trend reversals. - **Robust Noise Reduction:** The indicator incorporates a refined volatility filtering system that minimizes the impact of minor price fluctuations. By isolating significant price movements, it ensures that the analytical output focuses on substantial market shifts rather than ephemeral variations. - **Customizable Analytical Parameters:** With a wide range of adjustable settings, Wall Street Ai can be fine-tuned to align with diverse trading strategies and risk appetites. Traders can modify sensitivity, threshold levels, and other critical parameters to optimize the indicator’s performance under various market conditions. - **Comprehensive Data Analysis:** By harnessing the power of artificial intelligence, Wall Street Ai performs a deep analysis of historical data, identifying statistically significant highs and lows. This analysis not only reflects past market behavior but also provides valuable insights into potential future turning points, thereby enhancing the predictive aspect of your trading strategy. - **Adaptive Market Insights:** The indicator’s dynamic algorithm continuously adjusts to current market conditions, adapting its analysis based on real-time data inputs. This adaptive quality ensures that the indicator remains relevant and effective across different market environments, whether the market is trending strongly, consolidating, or experiencing volatility. - **Objective and Reliable Analysis:** Wall Street Ai is built on a foundation of robust statistical methods and rigorous data validation. Its outputs are designed to be objective and free from any exaggerated claims, ensuring that traders receive a clear, unbiased view of market conditions. **How It Works** Wall Street Ai integrates advanced AI and deep learning methodologies to analyze a vast array of historical price data. Its core algorithm identifies and evaluates critical market levels by detecting patterns that have historically preceded significant market movements. By filtering out non-essential fluctuations, the indicator emphasizes key price extremes and trend changes that are likely to impact market behavior. The system’s adaptive nature allows it to recalibrate its analytical parameters in response to evolving market dynamics, providing a consistently reliable framework for market analysis. **Usage Recommendations** - **Optimal Timeframes:** For the most effective application, it is recommended to utilize Wall Street Ai on higher timeframe charts, such as hourly (H1) or higher. This approach enhances the clarity of the detected patterns and provides a more comprehensive view of long-term market trends. - **Market Versatility:** Wall Street Ai is versatile and can be applied across a broad range of financial markets, including Forex, indices, commodities, cryptocurrencies, and equities. Its adaptable design ensures consistent performance regardless of the asset class being analyzed. - **Complementary Analytical Tools:** While Wall Street Ai provides profound insights into market behavior, it is best utilized in combination with other analytical tools and techniques. Integrating its analysis with additional indicators—such as trend lines, support/resistance levels, or momentum oscillators—can further refine your trading strategy and enhance decision-making. - **Strategy Testing and Optimization:** Traders are encouraged to test Wall Street Ai extensively in a simulated trading environment before deploying it in live markets. This allows for thorough calibration of its settings according to individual trading styles and risk management strategies, ensuring optimal performance across diverse market conditions. **Risk Management and Best Practices** Wall Street Ai is intended to serve as an analytical tool that supports informed trading decisions. However, as with any technical indicator, its outputs should be interpreted as part of a comprehensive trading strategy that includes robust risk management practices. Traders should continuously validate the indicator’s findings with additional analysis and maintain a disciplined approach to position sizing and risk control. Regular review and adjustment of trading strategies in response to market changes are essential to mitigate potential losses. **Conclusion** Wall Street Ai offers a cutting-edge, AI-driven approach to technical analysis, empowering traders with detailed market insights and the ability to identify potential turning points with precision. Its intelligent pattern recognition, adaptive analytical capabilities, and extensive noise reduction make it a valuable asset for both experienced traders and those new to market analysis. By integrating Wall Street Ai into your trading toolkit, you can enhance your understanding of market dynamics and develop a more robust, data-driven trading strategy—all while adhering to the highest standards of analytical integrity and performance.
Pine Script® indicator
by qudoosmughal
Elastic Volume-Weighted Student-T TensionOverview The Elastic Volume-Weighted Student-T Tension Bands indicator dynamically adapts to market conditions using an advanced statistical model based on the Student-T distribution. Unlike traditional Bollinger Bands or Keltner Channels, this indicator leverages elastic volume-weighted averaging to compute real-time dispersion and location parameters, making it highly responsive to volatility changes while maintaining robustness against price fluctuations. This methodology is inspired by incremental calculation techniques for weighted mean and variance, as outlined in the paper by Tony Finch: 📄 "Incremental Calculation of Weighted Mean and Variance" . Key Features ✅ Adaptive Volatility Estimation – Uses an exponentially weighted Student-T model to dynamically adjust band width. ✅ Volume-Weighted Mean & Dispersion – Incorporates real-time volume weighting, ensuring a more accurate representation of market sentiment. ✅ High-Timeframe Volume Normalization – Provides an option to smooth volume impact by referencing a higher timeframe’s cumulative volume, reducing noise from high-variability bars. ✅ Customizable Tension Parameters – Configurable standard deviation multipliers (σ) allow for fine-tuned volatility sensitivity. ✅ %B-Like Oscillator for Relative Price Positioning – The main indicator is in form of a dedicated oscillator pane that normalizes price position within the sigma ranges, helping identify overbought/oversold conditions and potential momentum shifts. ✅ Robust Statistical Foundation – Utilizes kurtosis-based degree-of-freedom estimation, enhancing responsiveness across different market conditions. How It Works Volume-Weighted Elastic Mean (eμ) – Computes a dynamic mean price using an elastic weighted moving average approach, influenced by trade volume, if not volume detected in series, study takes true range as replacement. Dispersion (eσ) via Student-T Distribution – Instead of assuming a fixed normal distribution, the bands adapt to heavy-tailed distributions using kurtosis-driven degrees of freedom. Incremental Calculation of Variance – The indicator applies Tony Finch’s incremental method for computing weighted variance instead of arithmetic sum's of fixed bar window or arrays, improving efficiency and numerical stability. Tension Calculation – There are 2 dispersion custom "zones" that are computed based on the weighted mean and dynamically adjusted standard student-t deviation. %B-Like Oscillator Calculation – The oscillator normalizes the price within the band structure, with values between 0 and 1: * 0.00 → Price is at the lower band (-2σ). * 0.50 → Price is at the volume-weighted mean (eμ). * 1.00 → Price is at the upper band (+2σ). * Readings above 1.00 or below 0.00 suggest extreme movements or possible breakouts. Recommended Usage For scalping in lower timeframes, it is recommended to use the fixed α Decay Factor, it is in raw format for better control, but you can easily make a like of transformation to N-bar size window like in EMA-1 bar dividing 2 / decayFactor or like an RMA dividing 1 / decayFactor. The HTF selector catch quite well Higher Time Frame analysis, for example using a Daily chart and using as HTF the 200-day timeframe, weekly or monthly. Suitable for trend confirmation, breakout detection, and mean reversion plays. The %B-like oscillator helps gauge momentum strength and detect divergences in price action if user prefer a clean chart without bands, this thanks to pineScript v6 force overlay feature. Ideal for markets with volume-driven momentum shifts (e.g., futures, forex, crypto). Customization Parameters Fixed α Decay Factor – Controls the rate of volume weighting influence for an approximation EWMA approach instead of using sum of series or arrays, making the code lightweight & computing fast O(1). HTF Volume Smoothing – Instead of a fixed denominator for computing α , a volume sum of the last 2 higher timeframe closed candles are used as denominator for our α weight factor. This is useful to review mayor trends like in daily, weekly, monthly. Tension Multipliers (±σ) – Adjusts sensitivity to dispersion sigma parameter (volatility). Oscillator Zone Fills – Visual cues for price positioning within the cloud range. Posible Interpretations As market within indicators relay on each individual edge, this are just some key ideas to glimpse how the indicator could be interpreted by the user: 📌 Price inside bands – Market is considered somehow "stable"; price is like resting from tension or "charging batteries" for volume spike moves. 📌 Price breaking outer bands – Potential breakout or extreme movement; watch for reversals or continuation from strong moves. Market is already in tension or generating it. 📌 Narrowing Bands – Decreasing volatility; expect contraction before expansion. 📌 Widening Bands – Increased volatility; prepare for high probability pull-back moves, specially to the center location of the bands (the mean) or the other side of them. 📌 Oscillator is just the interpretation of the price normalized across the Student-T distribution fitting "curve" using the location parameter, our Elastic Volume weighted mean (eμ) fixed at 0.5 value. Final Thoughts The Elastic Volume-Weighted Student-T Tension indicator provides a powerful, volume-sensitive alternative to traditional volatility bands. By integrating real-time volume analysis with an adaptive statistical model, incremental variance computation, in a relative price oscillator that can be overlayed in the chart as bands, it offers traders an edge in identifying momentum shifts, trend strength, and breakout potential. Think of the distribution as a relative "tension" rubber band in which price never leave so far alone. DISCLAIMER: The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets. The following indicator was made for NON LUCRATIVE ACTIVITIES and must remain as is, following TradingView's regulations. Use of indicator and their code are published for work and knowledge sharing. All access granted over it, their use, copy or re-use should mention authorship(s) and origin(s). WARNING NOTICE! THE INCLUDED FUNCTION MUST BE CONSIDERED FOR TESTING. The models included in the indicator have been taken from open sources on the web and some of them has been modified by the author, problems could occur at diverse data sceneries, compiler version, or any other externality.
Pine Script® indicator
by xel_arjona
5
BTC Dominance PercentageThis BTC Dominance Percentage indicator calculates Bitcoin's dominance relative to altcoins, excluding stablecoins. 🔹 Unlike the standard BTC.D metric, which includes all cryptocurrencies (including stablecoins like USDT, USDC, and DAI), this version focuses only on Bitcoin’s market share compared to altcoins. 🔹 It calculates BTC dominance relative to major altcoins (ETH, BNB, ADA, XRP, SOL) and the OTHERS.D index, which represents smaller-cap altcoins. 🔹 Stablecoins are excluded, providing a clearer view of Bitcoin’s actual strength against the altcoin market, without distortion from fiat-pegged assets. 🚀 This is a true BTC dominance metric for tracking Bitcoin’s market position against altcoins!
Pine Script® indicator
by Swiniti
Hurst-Based Trend Persistence w/Poisson Prediction --- # **Hurst-Based Trend Persistence w/ Poisson Prediction** ## **Introduction** The **Hurst-Based Trend Persistence with Poisson Prediction** is a **statistically-driven trend-following oscillator** that provides traders with **a structured approach to identifying trend strength, persistence, and potential reversals**. This indicator combines: - **Hurst Exponent Analysis** (to measure how persistent or mean-reverting price action is). - **Color-Coded Trend Detection** (to highlight bullish and bearish conditions). - **Poisson-Based Trend Reversal Probability Projection** (to anticipate when a trend is likely to end based on statistical models). By integrating **fractal market theory (Hurst exponent)** with **Poisson probability distributions**, this indicator gives traders a **probability-weighted view of trend duration** while dynamically adapting to market volatility. --- ## **Simplified Explanation (How to Read the Indicator at a Glance)** 1. **If the oscillator line is going up → The trend is strong.** 2. **If the oscillator line is going down → The trend is weakening.** 3. **If the color shifts from red to green (or vice versa), a trend shift has occurred.** - **Strong trends can change color without weakening** (meaning a bullish or bearish move can remain powerful even as the trend shifts). 4. **A weakening trend does NOT necessarily mean a reversal is coming.** - The trend may slow down but continue in the same direction. 5. **A strong trend does NOT guarantee it will last.** - Even a powerful move can **suddenly reverse**, which is why the **Poisson-based background shading** helps anticipate probabilities of change. --- ## **How to Use the Indicator** ### **1. Understanding the Rolling Hurst-Based Trend Oscillator (Main Line)** The **oscillator line** is based on the **Hurst exponent (H)**, which quantifies whether price movements are: - **Trending** (values above 0 → momentum-driven, persistent trends). - **Mean-reverting** (values below 0 → price action is choppy, likely to revert to the mean). - **Neutral (Random Walk)** (values around 0 → price behaves like a purely stochastic process). #### **Interpreting the Oscillator:** - **H > 0.5 → Persistent Trends:** - Price moves tend to sustain in one direction for longer periods. - Example: Strong uptrends in bull markets. - **H < 0.5 → Mean-Reverting Behavior:** - Price has a tendency to revert back to its mean. - Example: Sideways markets or fading momentum. - **H ≈ 0.5 → Random Walk:** - No clear trend; price is unpredictable. A **gray dashed horizontal line at 0** serves as a **baseline**, helping traders quickly assess whether the market is **favoring trends or mean reversion**. --- ### **2. Color-Coded Trend Signal (Visual Confirmation of Trend Shifts)** The oscillator **changes color** based on **price slope** over the lookback period: - **🟢 Green → Uptrend (Price Increasing)** - Price is rising relative to the selected lookback period. - Suggests sustained bullish pressure. - **🔴 Red → Downtrend (Price Decreasing)** - Price is falling relative to the selected lookback period. - Suggests sustained bearish pressure. #### **How to Use This in Trading** ✔ **Stay in trends until a color change occurs.** ✔ **Use color changes as confirmation for trend reversals.** ✔ **Avoid counter-trend trades when the oscillator remains strongly colored.** --- ### **3. Poisson-Based Trend Reversal Projection (Anticipating Future Shifts)** The **shaded orange background** represents a **Poisson-based probability estimation** of when the trend is likely to reverse. - **Darker Orange = Higher Probability of Trend Reversal** - **Lighter Orange / No Shade = Low Probability of Immediate Reversal** 💡 **The idea behind this model:** ✔ Trends **don’t last forever**, and their duration follows **statistical patterns**. ✔ By calculating the **average historical trend duration**, the indicator predicts **how likely a trend shift is at any given time**. ✔ The **Poisson probability function** is applied to determine the **expected likelihood of a reversal as time progresses**. --- ## **Mathematical Foundations of the Indicator** This indicator is based on **two primary statistical models**: ### **1. Hurst Exponent & Trend Persistence (Fractal Market Theory)** - The **Hurst exponent (H)** measures **autocorrelation** in price movements. - If past trends **persist**, H will be **above 0.5** (meaning trend-following strategies are favorable). - If past trends tend to **mean-revert**, H will be **below 0.5** (meaning reversal strategies are more effective). - The **Rolling Hurst Oscillator** calculates this exponent over a moving window to track real-time trend conditions. #### **Formula Breakdown (Simplified for Traders)** The Hurst exponent (H) is derived using the **Rescaled Range (R/S) Analysis**: \ Where: - **R** = **Range** (difference between max cumulative deviation and min cumulative deviation). - **S** = **Standard deviation** of price fluctuations. - **Lookback** = The number of periods analyzed. --- ### **2. Poisson-Based Trend Reversal Probability (Stochastic Process Modeling)** The **Poisson process** is a **probabilistic model used for estimating time-based events**, applied here to **predict trend reversals based on past trend durations**. #### **How It Works** - The indicator **tracks trend durations** (the time between color changes). - A **Poisson rate parameter (λ)** is computed as: \ - The **probability of a reversal at any given time (t)** is estimated using: \ - **As t increases (trend continues), the probability of reversal rises**. - The indicator **shades the background based on this probability**, visually displaying the likelihood of a **trend shift**. --- ## **Dynamic Adaptation to Market Conditions** ✔ **Volatility-Adjusted Trend Shifts:** - A **custom volatility calculation** dynamically adjusts the **minimum trend duration** required before a trend shift is recognized. - **Higher volatility → Requires longer confirmation before switching trend color.** - **Lower volatility → Allows faster trend shifts.** ✔ **Adaptive Poisson Weighting:** - **Recent trends are weighted more heavily** using an exponential decay function: - **Decay Factor (0.618 by default)** prioritizes **recent intervals** while still considering historical trends. - This ensures the model adapts to changing market conditions. --- ## **Key Takeaways for Traders** ✅ **Identify Persistent Trends vs. Mean Reversion:** - Use the oscillator line to determine whether the market favors **trend-following or counter-trend strategies**. ✅ **Visual Trend Confirmation via Color Coding:** - **Green = Uptrend**, **Red = Downtrend**. - Trend changes help confirm **entry and exit points**. ✅ **Anticipate Trend Reversals Using Probability Models:** - The **Poisson projection** provides a **statistical edge** in **timing exits before trends reverse**. ✅ **Adapt to Market Volatility Automatically:** - Dynamic **volatility scaling** ensures the indicator remains effective in **both high and low volatility environments**. Happy trading and enjoy!
Pine Script® indicator
by garysebastianbrowniii
Ben Adaji Time Zone CheckerIf you are trading from Nigeria, you need to set your TradingView timezone to West Africa Time (WAT, UTC+1). This ensures that your charts, market sessions, and time-based indicators align correctly with your local time. To set this up on TradingView: Click on the gear icon (Chart Settings). Navigate to the Time Zone section. Select UTC+1:00 West Africa Time (WAT) from the list. This adjustment helps you track market movements accurately in sync with your local trading hours.
Pine Script® indicator
by artdaji
[NLR] - MACD OverlayOverview This script is an enhanced version of the classic MACD indicator, designed to be plotted directly on the price chart as an overlay. It provides a visual representation of trend direction by coloring moving averages, a zero reference line, and an optional histogram. The script allows for a higher timeframe MACD calculation through a configurable multiplier. Features MACD Calculation: Uses Exponential Moving Averages (EMA) to calculate the MACD line, Signal line, and Histogram. Higher Timeframe Support: Multiplier option to adjust MACD parameters for a broader trend perspective. Color-Coded Trend Visualization: Dynamic color changes based on MACD crossovers for easy trend identification. Optional Histogram: Toggle histogram visibility to see momentum shifts. Zero Line Reference: Helps traders interpret trend direction and strength. How to Use Customize Inputs: Adjust Fast, Slow, and Signal lengths as needed. Modify the multiplier to view a higher timeframe MACD. Enable Histogram: Use the "Show Histogram" toggle to display additional visual cues for momentum shifts. Interpret the Signals: Uptrend (Lime): Fast EMA is above Slow EMA. Downtrend (Fuchsia): Fast EMA is below Slow EMA. Histogram Changes: Increasing histogram bars indicate growing momentum, while decreasing bars suggest weakening momentum.
Pine Script® indicator
by NonLinearRookie
9
Golden Death Cross IndicatorThis indicator uses moving average to detect both a Golden Cross and Death Cross on any timeframe but is recommended for use on the daily and 24 hour timeframes only. We have also provided instructions on how to create alerts for these indicators below. Happy Trading! Moving Averages: We’ll use Simple Moving Averages (SMA). The 50-day SMA looks at the average price over the last 50 periods, and the 200-day SMA does the same for 200 periods. Crossovers: We’ll check when the 50-day SMA crosses above (Golden Cross) or below the 200-day SMA (Death Cross). Set Up Alerts Now, let’s make sure you get notified when a cross happens: Open the Alerts Menu On the chart, click the bell icon (top right of the screen) to create an alert. Configure the Golden Cross Alert In the “Condition” dropdown, select “Cross Alerts” (the name of your script). Below that, select “Golden Cross.” Set “Once Per Bar Close” in the next dropdown (this ensures it only triggers after the period ends, avoiding false signals mid-bar). Choose how you want to be notified (e.g., popup, email, or phone app—set this under “Notifications”). Name the alert (e.g., “Golden Cross Alert”) and click “Create.” Configure the Death Cross Alert Click the bell icon again to create a second alert. Condition: “Cross Alerts” > “Death Cross.” Set “Once Per Bar Close” again. Choose your notification method. Name it (e.g., “Death Cross Alert”) and click “Create.”
Pine Script® indicator
by igettrades
Support and Resistance LevelsSupport and Resistance Levels with Breaks – Amin & Taufik The Support and Resistance Levels with Breaks indicator is designed to automatically detect support and resistance levels based on pivots (high and low points within a given period). It also highlights breakouts of these levels, confirmed by increased volume for additional validation. Key Features: ✅ Automatic Support & Resistance Detection Uses pivothigh and pivotlow to identify key support and resistance levels. Red lines indicate resistance, while blue lines represent support. ✅ Breakout Confirmation with Volume The indicator generates breakout signals when price breaks support or resistance with high volume. A downside breakout is marked with a red "B" label above the candlestick. An upside breakout is marked with a green "B" label below the candlestick. ✅ Bullish & Bearish Wick Detection (Rejections) Additional signals for long wicks (candlestick shadows) indicating possible price reversals. Bullish Wick (rejection at support) is marked with a green label. Bearish Wick (rejection at resistance) is marked with a red label. ✅ Automatic Breakout Alerts The indicator can send automatic notifications when support or resistance is broken with high volume. How to Use: 1️⃣ Adjust the Left Bars and Right Bars parameters to fine-tune pivot sensitivity for detecting support & resistance. 2️⃣ Enable the Show Breaks option to see breakout confirmations with high volume. 3️⃣ Use this indicator alongside price action analysis and other indicators to confirm trade decisions. 🚀 Ideal for: ✔️ Scalping & Intraday Trading ✔️ Swing Trading & Trend Following ✔️ Breakout & Retest Confirmation ℹ️ Note: This indicator does not provide direct buy or sell signals. It is recommended to use it alongside other technical analysis tools, such as candlestick patterns, moving averages, and RSI, for more accurate decision-making. 📌 Developed by: Amin & Taufik 🔗 License: Attribution-NonCommercial-ShareAlike 4.0 (CC BY-NC-SA 4.0) 💬 If you find this indicator useful, don’t forget to like and comment on TradingView! 🚀
Pine Script® indicator
by Taufikcrpt
Market Structure Break with Volume & ATR#### Indicator Overview: The *Market Structure Break with Volume & ATR (MSB+VolATR)* indicator is designed to identify significant market structure breakouts and breakdowns using a combination of price action, volume analysis, and volatility (ATR). It is particularly useful for traders who rely on higher timeframes for swing trading or positional trading. The indicator highlights bullish and bearish breakouts, retests, fakeouts, and potential buy/sell signals based on RSI overbought/oversold conditions. --- ### Key Features: 1. *Market Structure Analysis*: - Identifies swing highs and lows on a user-defined higher timeframe. - Detects breakouts and breakdowns when price exceeds these levels with volume and ATR validation. 2. *Volume Validation*: - Ensures breakouts are accompanied by above-average volume, reducing the likelihood of false signals. 3. *ATR Filter*: - Filters out insignificant breakouts by requiring the breakout size to exceed a multiple of the ATR. 4. *RSI Integration*: - Adds a momentum filter by considering overbought/oversold conditions using RSI. 5. *Visual Enhancements*: - Draws colored boxes to highlight breakout zones. - Labels breakouts, retests, and fakeouts for easy interpretation. - Displays stop levels for potential trades. 6. *Alerts*: - Provides alert conditions for buy and sell signals, enabling real-time notifications. --- ### Input Settings and Their Effects: 1. **Timeframe (tf): - Determines the higher timeframe for market structure analysis. - *Effect*: A higher timeframe (e.g., 1D) reduces noise and provides more reliable swing points, while a lower timeframe (e.g., 4H) may generate more frequent but less reliable signals. 2. **Lookback Period (length): - Defines the number of historical bars used to identify significant highs and lows. - *Effect*: A longer lookback period (e.g., 50) captures broader market structure, while a shorter period (e.g., 20) reacts faster to recent price action. 3. **ATR Length (atr_length): - Sets the period for ATR calculation. - *Effect*: A shorter ATR length (e.g., 14) reacts faster to recent volatility, while a longer length (e.g., 21) smooths out volatility spikes. 4. **ATR Multiplier (atr_multiplier): - Filters insignificant breakouts by requiring the breakout size to exceed ATR × multiplier. - *Effect*: A higher multiplier (e.g., 0.2) reduces false signals but may miss smaller breakouts. 5. **Volume Multiplier (volume_multiplier): - Sets the volume threshold for breakout validation. - *Effect*: A higher multiplier (e.g., 1.0) ensures stronger volume confirmation but may reduce the number of signals. 6. **RSI Length (rsi_length): - Defines the period for RSI calculation. - *Effect*: A shorter RSI length (e.g., 10) makes the indicator more sensitive to recent price changes, while a longer length (e.g., 20) smooths out RSI fluctuations. 7. *RSI Overbought/Oversold Levels*: - Sets the thresholds for overbought (default: 70) and oversold (default: 30) conditions. - *Effect*: Adjusting these levels can make the indicator more or less conservative in generating signals. 8. **Stop Loss Multiplier (SL_Multiplier): - Determines the distance of the stop-loss level from the entry price based on ATR. - *Effect*: A higher multiplier (e.g., 2.0) provides wider stops, reducing the risk of being stopped out prematurely but increasing potential losses. --- ### How It Works: 1. *Breakout Detection*: - A bullish breakout occurs when the close exceeds the highest high of the lookback period, with volume above the threshold and breakout size exceeding ATR × multiplier. - A bearish breakout occurs when the close falls below the lowest low of the lookback period, with similar volume and ATR validation. 2. *Retest Logic*: - After a breakout, if price retests the breakout zone without closing beyond it, a retest label is displayed. 3. *Fakeout Detection*: - If price briefly breaks out but reverses back into the range, a fakeout label is displayed. 4. *Buy/Sell Signals*: - A sell signal is generated when price reverses below a bullish breakout zone and RSI is overbought. - A buy signal is generated when price reverses above a bearish breakout zone and RSI is oversold. 5. *Stop Levels*: - Stop-loss levels are plotted based on ATR × SL_Multiplier, providing a visual guide for risk management. --- ### Who Can Use It and How: 1. *Swing Traders*: - Use the indicator on daily or 4-hour timeframes to identify high-probability breakout trades. - Combine with other technical analysis tools (e.g., trendlines, Fibonacci levels) for confirmation. 2. *Positional Traders*: - Apply the indicator on weekly or daily charts to capture long-term trends. - Use the stop-loss levels to manage risk over extended periods. 3. *Algorithmic Traders*: - Integrate the buy/sell signals into automated trading systems. - Use the alert conditions to trigger trades programmatically. 4. *Risk-Averse Traders*: - Adjust the ATR and volume multipliers to filter out low-probability trades. - Use wider stop-loss levels to avoid premature exits. --- ### Where to Use It: - *Forex*: Identify breakouts in major currency pairs. - *Stocks*: Spot trend reversals in high-volume stocks. - *Commodities*: Trade breakouts in gold, oil, or other commodities. - *Crypto*: Apply to Bitcoin, Ethereum, or other cryptocurrencies for volatile breakout opportunities. --- ### Example Use Case: - *Timeframe*: 1D - *Lookback Period*: 50 - *ATR Length*: 14 - *ATR Multiplier*: 0.1 - *Volume Multiplier*: 0.5 - *RSI Length*: 14 - *RSI Overbought/Oversold*: 70/30 - *SL Multiplier*: 1.5 In this setup, the indicator will: 1. Identify significant swing highs and lows on the daily chart. 2. Validate breakouts with volume and ATR filters. 3. Generate buy/sell signals when price reverses and RSI confirms overbought/oversold conditions. 4. Plot stop-loss levels for risk management. --- ### Conclusion: The *MSB+VolATR* indicator is a versatile tool for traders seeking to capitalize on market structure breakouts with added confirmation from volume and volatility. By customizing the input settings, traders can adapt the indicator to their preferred trading style and risk tolerance. Whether you're a swing trader, positional trader, or algorithmic trader, this indicator provides actionable insights to enhance your trading strategy.
Pine Script® indicator
by doganayy2
JL - DWM OHLCThis indicator plots the following price levels on your chart automatically AND will not show up if you are using a timeframe bigger than 60 minutes, 1 day, or 1 week. Here are the price levels that are automatically plotted for you, and so you know the styling is different for Daily, Weekly, Monthly levels so you can easily distinguish between them: - Prior Day: High / Low / Close - Current Day: Open - Prior Week: High / Low / Close - Current Week: Open - Prior Month: High / Low / Close - Current Month: Open These plots are timeframe dependent and will not plot on subsequently higher timeframes, here is how they work: Daily Price Levels are only shown on timeframes that are smaller than 60 minutes. Weekly Price Levels are only shown on timeframes smaller than 1 Day. Monthly Price Levels are only shown on timeframes smaller than 1 Week. This way, you can turn on the indicator and not have to think about turning off certain price levels if you switch to a larger / longer timeframe than what you typically use. For example, Daily OHLC price levels will quickly clutter the 60 minute chart, and likely you don't need to know the HLC of the Prior Day if you are looking at the 60 minute chart. Therefor it may be helpful to automatically hide the Daily price level plots, and only show the Weekly and Monthly plots on the 60 minute timeframe. I hope you find this indicator helpful, thanks for reading.
Pine Script® indicator
by JackDL92
day of Month | xilixMonthly Marker (1D Only) The Monthly Marker indicator automatically highlights a specific day of the month on a daily (1D) chart by drawing a vertical line. Users can select their desired day of the month and customize the line color. Features: ✅ Marks the chosen day of each month with a vertical line. ✅ Customizable line color (set in the indicator settings). ✅ Helps traders quickly identify key monthly dates. Note: This indicator will not work on lower timeframes (e.g., 4H, 1H) and will show an error if applied outside the 1D timeframe. Best Use Cases: Monthly trend tracking, economic event alignment, and custom date-based analysis. 🚀
Pine Script® indicator
by deoxilix
Earnings Date and CountdownOverview: The Earnings Date & Countdown (EDC) Indicator displays the next earnings date for a stock and a countdown of days remaining until the earnings announcement. This helps traders stay informed about upcoming earnings events and adjust their strategies accordingly. Features: - Displays the next earnings date in a customizable format. - Accurate countdown of days remaining until the earnings event (optional). - Automatically adjusts for time zones and ensures the correct number of full calendar days. - Customizable display position for easy visibility on the chart. Settings: - Show day of the week: option to toggle the day of the week. - Date Format: choose between dd mmm, mmm dd, dd/mm or mm/dd. - Show year: option to toggle the year display. - Show (countdown): option to toggle the countdown display. - Indicator position: adjusts the location of the display on the chart. Why use this indicator? Earnings reports often cause significant price movements. This indicator helps traders plan ahead by keeping earnings dates visible and tracking the countdown with precision directly on the chart.
Pine Script® indicator
by pforna012
Forex Pips Tracker PinescriptlabsThis algorithm is exclusively designed for the Forex market 🌐 and serves as a tool to measure volatility, helping to determine on average how many pips positions move per hour. With this information, a trader can place take profit and stop loss orders with greater certainty, since they know the average pip movement range during each hour of the day. What does it do and how does it work? • Volatility measurement in pips 📊: The algorithm calculates the size of the movement (or range) of each candle expressed in pips. To do this, it takes the difference between the highest and lowest price of each candle and converts it into pips. 👉 • Time zone adjustment ⏰: It allows you to configure the time zone so that the data aligns with your desired schedule. This is especially useful for comparing movements at different times based on the trader's location. • Analysis by time intervals 🕒: The algorithm’s logic organizes the information for each hour of the day. It stores data for the current day, the previous day, weekly, and historically (200 candles). This allows you to see how volatility varies across different periods, providing a dynamic view of market behavior. 👉 • Directionality of movement 🔄: In addition to averaging the pip range, the algorithm determines the predominant direction of each candle (bullish or bearish). This translates into visual indicators (like arrows) that help identify whether, on average, the movement during that hour tends to go up or down. • Table visualization 📈: Finally, the information is presented in an integrated table on the chart. Each row corresponds to an hour of the day and shows the average number of pips and the direction (bullish, bearish, or neutral) for each analyzed period. This table makes it easy to quickly and practically interpret the volatility data. By combining these features, the algorithm becomes an essential tool for traders looking to better understand market dynamics and optimize their trading strategies! 💼✨ Español: Este algoritmo está diseñado exclusivamente para el mercado Forex 🌐 y sirve como una herramienta para medir la volatilidad, ayudando a determinar en promedio cuántos pips se mueven las posiciones por hora. Con esta información, un trader puede colocar el take profit y el stop loss con mayor certeza, ya que conoce el rango promedio de movimiento en pips durante cada hora del día. ¿Qué hace y cómo funciona? • Medición de volatilidad en pips 📊: El algoritmo calcula el tamaño del movimiento (o rango) de cada vela expresado en pips. Para ello, toma la diferencia entre el precio máximo y el mínimo de cada vela y la convierte a pips. 👉 • Ajuste de zona horaria ⏰: Permite configurar la zona horaria para que los datos se ajusten al horario deseado. Esto es especialmente útil para comparar movimientos durante distintas horas en función de la localización del trader. • Análisis por intervalos de tiempo 🕒: La lógica del algoritmo organiza la información por cada hora del día. Guarda datos para el día actual, el día anterior, a nivel semanal e histórico (200 velas). Esto permite ver cómo varía la volatilidad en diferentes periodos, proporcionando una visión dinámica del comportamiento del mercado. 👉 • Direccionalidad del movimiento 🔄: Además de promediar el rango en pips, el algoritmo determina la dirección predominante de cada vela (alcista o bajista). Esto se traduce en indicadores visuales (como flechas) que permiten identificar si, en promedio, el movimiento en esa hora tiende a subir o bajar. • Visualización en tabla 📈: Finalmente, la información se presenta en una tabla integrada en el gráfico. Cada fila corresponde a una hora del día y muestra el promedio de pips y la dirección (alcista, bajista o neutral) para cada uno de los periodos analizados. Esta tabla facilita la interpretación rápida y práctica de los datos de volatilidad. Al combinar estas funciones, el algoritmo se convierte en una herramienta esencial para traders que buscan entender mejor la dinámica del mercado y optimizar sus estrategias de trading! 💼✨
Pine Script® indicator
by PINE_LABS
Machine Learning Trendlines Cluster [LuxAlgo]The ML Trendlines Cluster indicator allows traders to automatically identify trendlines using a machine learning algorithm based on k-means clustering and linear regression, highlighting trendlines from clustered prices. For trader's convenience, trendlines can be filtered based on their slope, allowing them to filter out trendlines that are too horizontal, or instead keep them depending on the user-selected settings. 🔶 USAGE Traders only need to set the number of trendlines (clusters) they want the tool to detect and the algorithm will do the rest. By default the tool is set to detect 4 clusters over the last 500 bars, in the image above it is set to detect 10 clusters over the same period. This approach only focuses on drawing trendlines from prices that share a common trading range, offering a unique perspective to traditional trendlines. Trendlines with a significant slope can highlight higher dispersion within its cluster. 🔹 Trendline Slope Filtering Traders can filter trendlines by their slope to display only steep or flat trendlines relative to a user-defined threshold. The image above shows the three different configurations of this feature: Filtering disabled Filter slopes above threshold Filter slopes below threshold 🔶 DETAILS K-means clustering is a popular machine-learning algorithm that finds observations in a data set that are similar to each other and places them in a group. The process starts by randomly assigning each data point to an initial group and calculating the centroid for each. A centroid is the center of the group. K-means clustering forms the groups in such a way that the variances between the data points and the centroid of the cluster are minimized. The trendlines are displayed according to the linear regression function calculated for each cluster. 🔶 SETTINGS Window Size: Maximum number of bars to get data from Clusters: Maximum number of clusters (trendlines) to detect 🔹 Optimization Maximum Iteration Steps: Maximum loop iterations for cluster computation 🔹 Slope Filter Threshold Multiplier: Multiplier applied to a volatility measure, higher multiplier equals higher threshold Filter Slopes: Enable/Disable Trendline Slope Filtering, select to filter trendlines with slopes ABOVE or BELOW the threshold 🔹 Style Upper Zone: Color to display in the top zone Lower Zone: Color to display in the bottom zone Lines: Style for the lines Size: Line size
Pine Script® indicator
by LuxAlgo
11
Multi-Period Rolling VWAPMulti-Period Rolling VWAP (MP-RVWAP) This indicator plots multiple Rolling Volume-Weighted Average Price (RVWAP) lines over different time periods (7, 14, 30, 60, 90, 180, and 360 days) on a single chart. Each RVWAP is calculated using a user-defined timeframe and source (default: HLC3), ensuring consistency across chart resolutions. Key Features: Customizable Periods: Toggle visibility for each period (7d, 14d, 30d, 60d, 90d, 180d, 360d) and adjust their colors. Labels: Each RVWAP line is labeled at the end (e.g., "7d", "360d") for easy identification. Standard Deviation Bands: Optional bands can be added above and below each RVWAP, with customizable multipliers (set to 0 to hide). Flexible Timeframe: Define a single timeframe (default: 1D) for all RVWAP calculations, independent of the chart’s timeframe. Minimum Bars: Set a minimum number of bars (default: 10) to ensure reliable calculations. Usage: Ideal for traders analyzing price trends across multiple time horizons. Enable/disable specific RVWAPs, tweak colors, and add bands to suit your strategy.
Pine Script® indicator
by skullcap_ftm
Premarket High/Low Breakout AlertsPremarket High/Low Breakout Alerts Description: This custom TradingView indicator helps you track premarket breakouts and breakdowns for a list of selected stocks. The indicator monitors the premarket session and sends an alert every time the stock's price breaks above the premarket high or below the premarket low. Key Features: Track Multiple Stocks: Easily monitor multiple stocks (e.g., AAPL, TSLA, NVDA, etc.) and get alerts when they break premarket levels. Premarket Session Monitoring: The indicator checks for price movements during the premarket session (4:00 AM to 9:30 AM EST). Customizable Ticker List: Modify the list of tickers directly from the TradingView settings to suit your daily trading needs. Breakout and Breakdown Alerts: Receive instant alerts for both breakout (above premarket high) and breakdown (below premarket low) conditions. Plot Premarket Levels: The premarket high and low levels are plotted on the chart for easy reference. How to Use: Add this indicator to your chart. Go to the indicator settings and input your desired stock tickers (e.g., AAPL, TSLA, MSFT). The indicator will automatically track the premarket levels and send alerts when those levels are broken. Customize the tickers daily if needed. Ideal For: Day Traders who want to track premarket movements. Swing Traders looking for strong breakouts from premarket levels. Scalpers who need quick alerts to catch price action early.
Pine Script® indicator
by meenu187
Intraday Low Engulf Line This indicator currently work on Future product as it track the intraday low for the daily session from 6pm to 5pm EST. You may have to manually adjust the code if there is a time difference, or day light saving. This indicator will track all new intraday low through out the session. Once a new intraday low is made, the indicator will display the high of that candle as an engulf target. If the next candle making a intraday low, this engulf target will be updated. Until there is no more intraday low is made, we will see a engulf target line which is the high of the candle that make the most recent intraday low. If there is any candle body is below the intraday low engulf life, you can expect to place a buy stop order to trade the bullish reversal. You may want to use 5m or 15m, or 30M timeframe to reduce the noise of this indicator. Your stop loss will be set at the intraday low. Therefore a higher time frame 5m is better for entry, however 1m timeframe will give you the best reward. The idea is that Indraday low engulf line can be a target for bullish reversal or a bullish retest. Another way to use this this intraday low engulf line is to treat it as a support. If the support break, the trend can be bearish too. You have to develop your own price action strategy how to trade this. I will also add an intraday High engulf indicator later.
Pine Script® indicator
by DeLeBlanc