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BTC High-Reliability Candlestick Patterns🔍 BTC High-Reliability Candlestick Patterns This script highlights bullish and bearish candlestick patterns based on their reliability level (High / Moderate) and trend role (Reversal / Continuation). It's optimized for intraday traders on BTC. ✅ Key Features 📊 Legend Overlay: Visual legend with emoji and color codes for clarity. ⏱️ Timeframe Restriction: Works only on intraday charts — 2min, 3min, 8min, 10min, 15min, 30min, 60min. 🔄/🔁 Pattern Types: 🔄 Reversal patterns 🔁 Continuation patterns 🎯 Reliability Levels & Colors: 🟩 BuH = High Bullish (Lime Green) 🟢 BuM = Moderate Bullish (Dark Green) 🟥 BeH = High Bearish (Light Red) 🔴 BeM = Moderate Bearish (Dark Red) 🚨 Built-in alerts & box/label visualizations for fast recognition. 📈 Patterns Included: Bullish High: Morning Star, Three Inside Up, Bullish Engulfing, etc. Bullish Moderate: Stick Sandwich, Ladder Bottom, Piercing Line, etc. Bearish High: Evening Star, Three Crows, Bearish Engulfing, etc. Bearish Moderate: Harami Cross, In Neck, Side By Side White Lines, etc. (Its open source I used Claude AI and Chat GPT to create the whole code)
Pine Script® indicator
by BlueprintTrades
Проторговка с прямоугольниками и уведомлениямиThe script detects consolidation zones. It works simply. It takes n bars of history (15 by default) – this is the period used to search for levels. You may need to adjust this depending on the coin, but 15 usually works well. "Total volume threshold for consolidation" – this is set to a high default value. You should adjust it based on the asset you're analyzing. "Consolidation accumulation color" – the color used when volume is dropping. "High volatility color" – the color used when volume is approaching the "Total volume threshold for consolidation." How the indicator works: The indicator draws a box covering the last 15 candles. It monitors whether the box is compressing – meaning the support and resistance levels are getting closer (even by a small amount). It remembers this moment. Second condition: the total volume must be below the specified threshold. If both conditions are met, an alert is triggered, which you can subscribe to. How to use it: If the indicator catches your attention, observe which direction the price is being squeezed. Squeezing means both green and red candles are forming near the support/resistance level. If the squeeze aligns with your formation or setup, you can consider entering a position. Stop-loss can be set just below the nearest low. Trendlines This indicator doesn’t detect trendline breakouts, but it still fires alerts based on compression logic, which can also work for flags. You’ll want to watch for price being pressed against trendline levels.
Pine Script® indicator
by Bimawa
Rolling ATR Momentum Rolling ATR Momentum Indicator – User Manual --- 🔍 Overview The Rolling ATR Momentum Indicator is a simple yet powerful tool designed to detect shifts in market volatility. It compares the current Average True Range (ATR) with the ATR from a previous point in time to measure how market volatility is changing. This indicator is especially useful for: - Spotting the beginning or fading of a momentum phase - Filtering out low-volatility market conditions - Enhancing timing for entries and exits in trending or breakout trades --- 📊 Key Components ✅ ATR Delta (Rolling) - Definition: `ATR Delta = Current ATR - Past ATR` - Inputs: - ATR Period (default: 14): The base ATR calculation window - Lookback Period (default: 5): How many bars ago to compare ATR - Interpretation: - Positive ATR Delta (Green Line): Market volatility is increasing - Negative ATR Delta (Red Line): Market volatility is decreasing 📈 Zero Line - A horizontal baseline at zero helps you easily see when ATR momentum shifts from negative to positive (or vice versa). 🟩/🟥 Background Color - Green Background: ATR Delta is positive (rising volatility) - Red Background: ATR Delta is negative (falling volatility) 🔵 Optional: ATR Reference Lines - You can optionally display raw Current ATR and Past ATR by changing their visibility settings. --- ✅ How to Use It Entry Timing (Futures/Options) - Use ATR Delta as a filter: - Only take trades when ATR Delta is positive → confirms momentum is building - Avoid trades when ATR Delta is negative → market might be slow, sideways, or losing steam Breakout Anticipation - A rising ATR Delta after a tight range or consolidation can suggest that a breakout is underway Stop-loss Strategy - Use high ATR periods for wider stops (to avoid noise) - Use low ATR periods for tighter stops or skip trading --- 🧠 Pro Tips - This indicator doesn’t predict direction—combine with trend or price structure tools (like EMA, PPMA, candlesticks) - Works best in trending or breakout environments - Add it to multi-timeframe layouts to see volatility buildup on higher timeframes --- ⚙️ Settings | Parameter | Description | |----------|-------------| | ATR Period | Length of the ATR calculation (default 14) | | Lookback Period | How many bars back to compare ATR values | --- 🧭 Best For: - Index futures (Nifty, BankNifty) - Option buyers needing volatility confirmation - Intraday & swing traders looking to trade momentum setups --- Use the Rolling ATR Momentum indicator as your volatility radar—simple, clean, and highly effective for staying on the right side of market energy. End of Manual
Pine Script® indicator
by abgaur01
Rolling ATR Momentum - EnhancedATR Rolling Momentum Indicator – User Manual --- 🔍 Overview The ATR Rolling Momentum Indicator is a dynamic volatility tool built on the Average True Range (ATR). It not only tracks increasing or decreasing momentum but also provides early warnings and confirmation signals for potential breakout moves. It’s especially powerful for futures and options traders looking to align with expanding price action. --- 📊 Core Components ✅ ATR Delta (Rolling ATR) - Definition: Difference between current ATR and past ATR (user-defined lookback). - Use: Tells whether volatility is expanding (positive delta) or contracting (negative delta). - Visual: Green line for rising momentum, red for declining. 🟣 ATR Delta Slope - Definition: Measures acceleration in momentum. - Use: Helps identify early signs of breakout buildup. - Visual: Purple line. Watch for slope turning up from below. 🟡 Volatility Squeeze (Yellow Dot) - Definition: Current ATR is significantly lower than its 20-period average. - Use: Indicates the market is coiling—possible breakout ahead. 🔼 Momentum Start (Green Triangle) - Definition: ATR Delta slope turns from negative to positive. - Use: Early warning to prepare for volatility expansion. 🔷 Breakout Confirmation (Blue Label Up) - Definition: ATR Delta exceeds its high of the last 10 candles. - Use: Confirms volatility breakout—trade opportunity if direction aligns. 🟩/🟥 Background Color - Green Background: Momentum rising (positive ATR delta) - Red Background: Momentum falling (negative ATR delta) - Yellow Tint: Active squeeze zone --- ✅ How to Use It (Futures/Options Focus) Step-by-Step: 1. Squeeze Detected (Yellow Dot) → Stay alert. Market is coiling. 2. Green Triangle Appears → Momentum is starting to rise. 3. Background Turns Green → Confirmed rising momentum. 4. Blue Label Appears → Confirmed breakout (enter trade if trend aligns). Directional Bias: - Use your main chart setup (price action, EMAs, trendlines, etc.) to decide direction (Call or Put, Long or Short). - ATR Momentum only tells you how strong the move is—not which way. --- ⚙️ Inputs & Settings - ATR Period: Default 14 (core volatility measure) - Rolling Lookback: Used to calculate delta (default 5) - Slope Length: Used to measure acceleration (default 3) - Squeeze Factor: Default 0.8 — lower = more sensitive squeeze detection - Breakout Lookback: Checks ATR delta against last X bars (default 10) --- 🧠 Pro Tips - Works great when paired with EMA stacks, price structure, or breakout patterns. - Avoid taking trades based only on squeeze or momentum—combine with chart confirmation. - If background turns red after a breakout, it may be losing momentum—book partials or tighten stops. --- 🧭 Ideal For: - Nifty/BankNifty Futures - Option directional trades (call/put buying) - Index scalping and momentum swing setups --- Use this tool as your volatility compass—it won't tell you where to go, but it'll tell you when the wind is strong enough to move fast. End of Manual
Pine Script® indicator
by abgaur01
Triple Confirmation Scalper v2Bu strateji, trend takibi ve aşırı alım/satım koşullarını birleştirir. İşlem sinyallerini filtrelemek için hacim artışını kullanır. This strategy combines trend following and overbought/sold conditions. It uses volume spike to filter out trading signals. Triple Confirmation Scalper 3 temel gösterge + 2 filtre kullanarak yalancı sinyalleri minimize eder. 1. Kullanılan Göstergeler ve Parametreler: Gösterge Parametreler Amacı EMA 9 9 periyot (Close) Kısa vadeli momentum. EMA 21 21 periyot (Close) Trend yönü. RSI 14 periyot Aşırı alım/satım. VWAP 20 periyot Ortalama giriş çıkış fiyatı. OBV (On-Balance Volume) Hacim trendi. Özellikler ve Optimizasyonlar: Gelişmiş VWAP Hesaplaması: HLC3 (high+low+close/3) kullanarak daha doğru VWAP değerleri Dinamik Risk Yönetimi: Stop-loss: Son 5 mumun en düşük/en yüksek seviyesi ±%1 Take-profit: %1.5 kar hedefi (1.5:1 risk/reward) Hacim Analizi: OBV göstergesiyle hacim trendi onayı 20 periyotluk hacim ortalaması üzerinde spike kontrolü Görselleştirmeler: EMA'lar ve VWAP bantları çizilir Trend yönüne göre arkaplan renklendirmesi Alert Sistem: Long/Short sinyalleri için tradingview alertleri Strateji Ayarları: %100 equity kullanımı %0.1 komisyon hesaba katılmış Long/Short pozisyonlara izin verilmiş Daha agresif bir strateji için: EMA periyotlarını 5-13 yapabilirsiniz RSI eşiklerini 40-60 arasına çekebilirsiniz Take-profit/Stop-loss oranlarını 2:1 yapabilirsiniz “Triple Confirmation Scalper” Minimizes false signals using 3 basic indicators + 2 filters. 1. Indicators and Parameters used: Indicator Parameters Purpose EMA 9 9 period (Close) Short-term momentum. EMA 21 21 periods (Close) Trend direction. RSI 14 periods Overbought/sold. VWAP 20 periods Average entry and exit price. OBV (On-Balance Volume) Volume trend. Features and Optimizations: Advanced VWAP Calculation: more accurate VWAP values using HLC3 (high+low+close/3) Dynamic Risk Management: Stop-loss Lowest/highest level of the last 5 candles ±1 Take-profit: 1.5% profit target (1.5:1 risk/reward) Volume Analysis: Volume trend confirmation with OBV indicator Spike control over 20-period volume averaging Visualizations: EMAs and VWAP bands are plotted Background coloring according to trend direction Alert System: Tradingview alerts for Long/Short signals Strategy Settings: 100% equity utilization 0.1% commission taken into account Long/Short positions allowed
Pine Script® strategy
by prepheadrus
Triple EMA + Volume/Price SignalsOverview This script merges three exponential moving averages (EMA) with adaptive volume thresholds to identify high-confidence trends. Unlike basic volume indicators, it triggers signals only when volume exceeds both a user-defined absolute value (e.g., 500k) and a percentage increase (e.g., 5%) – reducing noise in volatile markets. Key Features Triple EMA System: Short (9), Medium (21), and Long (50) EMAs for trend direction. Bullish Signal: Short EMA > Medium EMA > Long EMA. Bearish Signal: Short EMA < Medium EMA < Long EMA. Dual-Threshold Volume Confirmation: Absolute Volume: Highlight bars where volume exceeds X (e.g., 500,000). Percentage Increase: Highlight bars where volume rises by Y% (e.g., 5%) vs. prior bar. Users can enable/disable either threshold. Customizable Alerts: Trigger alerts only when both EMA alignment and volume conditions are met. How It Works Trend + Volume Synergy: A bullish EMA crossover alone might be a false breakout. This script requires additional volume confirmation (e.g., 500k volume + 5% spike) to validate the move. Flexibility: Adjust thresholds for different assets: Stocks: Higher absolute volume (e.g., 1M shares). Crypto: Smaller absolute volume but larger % spikes (e.g., 10%). Usage Examples Swing Trading: Set EMA lengths to 20/50/200 and volume thresholds to 500k + 5% on daily charts. Scalping: Use 5/13/21 EMAs with 100k volume + 3% spikes on 5-minute charts.
Pine Script® indicator
by rizemeps
Triple RSI DivergenceTriple rsi divergence Sure! Here's a clear explanation in English of the Triple RSI Divergence Pine Script I shared earlier: --- Explanation of the Triple RSI Divergence Pine Script This Pine Script is designed to detect triple divergence patterns between the RSI (Relative Strength Index) and price action, which can signal potential trend reversals. --- What is Triple Divergence? Triple divergence occurs when price creates three consecutive higher highs (in an uptrend) or lower lows (in a downtrend), while the RSI moves in the opposite direction — forming lower highs or higher lows respectively. This pattern is considered a strong reversal signal because it indicates momentum is weakening despite price continuing its trend. --- What This Script Does: Calculates RSI (14-period) Identifies three recent highs/lows in price and RSI Checks for: Bearish triple divergence: price makes 3 higher highs, RSI makes 3 lower highs. **Bullish
Pine Script® indicator
by euhwawaw
D3m4h GIFVGDescription D3m4h GIFVG is an indicator designed to automatically detect market imbalances—often referred to as FVGs (Fair Value Gaps)—and potential pivot-based shifts in market structure. It offers a dynamic approach to visualizing supply/demand inefficiencies and pivot-based trend changes. Key features include: 1. Pivot-Based Bullish/Bearish Detection The indicator identifies higher-high/lower-low pivot logic as well as “outside bar” pivots. It tracks when the market transitions from bullish to bearish ranges, or vice versa, by using multiple checks: Pivot low/high detection Break-of-structure (when price crosses the last pivot) Opposing FVG detection to confirm an intraday pivot shift 2. FVG (Fair Value Gap) Detection The script automatically scans for bullish or bearish FVG conditions: Bullish FVG: Candle at position (bar_index - 2) has a high below the current candle’s low. Bearish FVG: Candle at position (bar_index - 2) has a low above the current candle’s high. When it detects an FVG, it draws a box on the chart to highlight the price gap (yellow boxes by default). 3. Pivot Range FVG If an FVG forms while the market is in a bullish pivot range, the script can paint a special “blue” FVG to underscore its significance. The same logic applies if a newly formed FVG appears in a bearish pivot range. 4. Filled Gap Cleanup You can optionally hide standard FVG boxes once they’re filled. For example, if the candle’s body (or candle range) covers that gap, the box is removed to keep your chart clean. 5. Pivot-Range FVG “Raided” Cleanup If the pivot-based FVG is later filled from the opposing direction, it turns green and can optionally remove itself after a set number of bars. 6. Informative Table A small table on the chart optionally displays whether or not the pivot-based FVG has been “raided”. You can toggle this table on/off in the settings. How It Works 1. Pivot Shifts The script tracks the last pivot high/low using a combination of candle-based pivot detection and break-of-structure checks (when price crosses the last pivot in the opposite direction). When a shift is detected, the pivot range ID increments—this helps the script know when to remove old pivot-based FVGs or draw new ones. 2. FVG Formation Each new bar checks if a bullish or bearish FVG formed (comparing the high of bar two bars ago to the current low, or the low of bar two bars ago to the current high). If one is found, a box is drawn to highlight the imbalance. Its color and extension depend on script settings. 3. Imbalance or Pivot FVG Standard imbalance boxes appear in yellow. If the new imbalance coincides with a bullish or bearish pivot range, a special “pivot imbalance” box in blue is drawn. 3. Hide Filled If a newly formed candle’s body fully covers the FVG, the box is considered filled. If Hide Filled Gaps is enabled, the box is deleted once it’s covered. 4. Raid Status For the pivot-based (blue) FVG, once price invalidates it from the opposite side, it changes color to green and gets removed after a user-defined number of bars. How to Use 1. Look for FVGs Observe yellow boxes to identify potential intraday imbalances. Watch for price returning to fill these zones. If you see a “blue” box, it signifies a pivot-based FVG in line with a recognized shift in structure—arguably a higher-probability zone. 2. “Hide Filled Gaps” Turn this on if you only want to see currently active or partially filled imbalances. The script cleans up old, fully covered boxes to keep your chart neat. 3. Pivot Shifts Note the script’s internal pivot logic. Each new pivot re-defines bullish or bearish states. Use these states to gauge the short-term trend shifts. 4. Toggle the Table You can show or hide the chart table by enabling/disabling “Show Table” from the inputs. This table indicates if the pivot-based “GIFVG” has been “raided” or not. 5. Extend Count Adjust the extendCount in the code if you want FVG boxes to extend further or shorter in time. Underlying Concepts Fair Value Gaps Market inefficiencies that occur when price jumps, leaving a “gap” from the candle 2 bars ago to the current candle. They can act like mini supply/demand zones where price may revisit for balance. Pivot Ranges The script tries to maintain an internal sense of whether the market is in a bullish or bearish pivot range. When it sees a contrary FVG or break-of-structure, it flips the pivot state. Outside Bars A candle that has both a higher high and a lower low than the previous bar. The script uses these to mark significant pivot shifts. By combining pivot-based logic with FVG detection, the D3m4h GIFVG indicator helps highlight potential areas of liquidity or unfilled value. Traders can use these zones to plan entries/exits or to confirm short-term trend shifts.
Pine Script® indicator
by d3m4h
Volume Spikes Pro - relative volume comparisonThe Enhanced Volume Spike Detector builds on the basic relative volume comparison by adding price direction analysis and more sophisticated categorization of volume events. Directional Analysis This indicator doesn't just identify volume spikes, but categorizes them as: - **Bullish**: Volume spike with upward price movement - **Bearish**: Volume spike with downward price movement - **Neutral**: Volume spike with minimal price change - **Strong**: Exceptional volume spike (2.5x+ default) regardless of direction Visual Classification Different color schemes instantly communicate the volume spike type: - Green for bullish volume (price rising) - Red for bearish volume (price falling) - Dark Green for strong bullish volume - Dark Red for strong bearish volume (price falling) Customization Tips - For day trading or short timeframes: Consider reducing MA length to 10-15 - For swing trading: The default 20 is appropriate - For position trading or longer timeframes: Consider increasing to 30-50 - For more selective signals: Increase multiplier to 2.0 or higher - For more comprehensive detection: Decrease multiplier to 1.3-1.4
Pine Script® indicator
by gajdosmarian13
CCI MR-TDescription: This advanced indicator enhances the traditional Commodity Channel Index (CCI) by integrating two powerful tools: 🔹 CCI: Measures momentum and identifies overbought (>100) and oversold (<-100) conditions based on the hlc3 price source. 🔹 WMA (Weighted Moving Average): Smooths the CCI line using a 14-period WMA for clearer trend direction. 🔹 Bollinger Bands on CCI: Applies a 20-period SMA with ±2 standard deviations to visualize CCI volatility and potential reversal zones. Visual Highlights: Background turns red when CCI > 100 (overbought), green when < -100 (oversold). Orange line = 14-period WMA of CCI Purple lines = Bollinger Band upper/lower bounds on CCI This combination helps traders confirm momentum strength, spot extreme moves, and avoid false signals during sideways markets. Use this tool in conjunction with price action, trendlines, or volume for best results.
Pine Script® indicator
by MR_T_KWT
Smoothed Heiken Ashi Candles With Alternate Chart IntervalWhen trading, we tend to have one or more preferred chart time interval. If using HA candles for trend analysis, you may watch HA candles on each of those preferred interval, using multiple charts for a given symbol. However, having an indicator that plots HA candles for the given chart interval, as well the HA candles based on another interval on the same chart, provides the ability to watch HA reactions on multiple chart intervals more easily. As an example, you like to watch the 5 minute chart with HA candles, but also prefer to use the 30 minute chart and HA candles for confirmation of a reversal/retrace. This indicator provides the convenience of monitoring your 5 minute chart, and setting alternate HA interval to 30 minute, thereby showing each set of the HA candles together on the same chart. The alternate HA candles are calculated based on the selected chart interval, defaulting to 5 minutes. The default HA and alternate HA candles are calculated and smoothed using the selected EMA length. Both default to 13.
Pine Script® indicator
by Skinny67
Combined + Reversal By DemirkanThis indicator is a comprehensive tool designed to identify potential trend reversals, trend direction, and entry/exit points by combining multiple technical analysis instruments. It includes the following components: Two Reversal Lines (Based on Donchian Channel): Two lines with different periods indicate potential support/resistance levels and trend changes. Hull Moving Average (HMA): A smoother, less lagging moving average helps determine trend direction and short-term momentum. Fibonacci Level: A dynamic Fibonacci retracement level, calculated based on the highest high and lowest low over a specific period, serves as a potential support or area of interest. Signal Generation: Produces Buy/Sell signals based on the crossovers and conditions of these components. Visual Aids: Enhances interpretation by coloring the area between lines, coloring candlesticks, and adding labels. Detailed Component Description: Input Parameters (Settings): Reversal Line 1 Length (Default: 100): The period (number of bars) used to calculate the first reversal line. Longer periods capture slower, more significant trends. Reversal Line 2 Length (Default: 33): The period used to calculate the second reversal line. Shorter periods react to faster, shorter-term changes. HMA Length (Default: 100): The period for calculating the Hull Moving Average. Source (Default: close): The price source used for all calculations (close, open, high, low, etc.). Reversal Line Bar Offset (Default: 3): Determines how many bars forward the Reversal Lines are shifted on the chart. This can make signals appear slightly earlier (or later, depending on the strategy). 0 means no shift. Fibonacci Level (Default: 0.382): Specifies the Fibonacci retracement level (between 0.0 and 1.0). Common levels like 0.382, 0.5, 0.618 can be used. Lookback Period (Default: 20): The period (number of bars) over which to look back for the highest high and lowest low to calculate the Fibonacci level. Price Margin (Default: 0.005): Tolerance (as a percentage) determining how close the price needs to be to the Fibonacci level to be considered "at the level". E.g., 0.005 = 0.5%. If the price is within 0.5% of the calculated Fibonacci level, the condition is met. Calculations: donchian(len) Function: Calculates the average (math.avg) of the highest high (ta.highest) and lowest low (ta.lowest) over a specific period (len). This is effectively the midline of a classic Donchian Channel and is used here as the "Reversal Line". Reversal Lines (conversionLine1, conversionLine2): Calculated using the donchian function based on the user-defined conversionPeriods1 and conversionPeriods2 lengths. Hull Moving Average (hullMA): Calculated using the hma function. This function uniquely combines Weighted Moving Averages (WMA) to achieve less lag. Fibonacci Level Calculation (fibLevel1, isAtFibLevel): Finds the highest high and lowest low within the lookbackPeriod, calculates the range (priceRange). fibLevel1 is determined by subtracting priceRange * fibLevel from the highest high (representing a retracement level). isAtFibLevel checks if the current closing price is within the priceMargin tolerance of the calculated fibLevel1. Visual Elements (Plots/Drawing): plot(conversionLine1 , ...): Plots the first reversal line in blue, shifted forward by barOffset. plot(conversionLine2 , ...): Plots the second reversal line in black, shifted forward by barOffset. plot(hullMA, ...): Plots the Hull Moving Average in orange. plot(fibLevel1, ...): Plots the calculated Fibonacci level as a light blue, dashed line. fill(...): Fills the area between the two (shifted) reversal lines. The area is colored blue if conversionLine1 > conversionLine2 (often interpreted as bullish) and red otherwise (bearish). The color transparency is set to 90 (almost opaque). label.*: Adds labels at trend change points. A "Buy" label appears when the area turns blue (Line 1 crosses above Line 2), and a "Sell" label appears when it turns red (Line 1 crosses below Line 2). Labels appear once when the trend starts and are updated/deleted when the trend changes. plotshape(...): Plots shapes (arrows/labels) on the chart when specific conditions are met: Reversal Crossover Signals: A green up arrow (shape.labelup) appears when conversionLine2 crosses above conversionLine1 (Buy Signal - buySignal). A red down arrow (shape.labeldown) appears when conversionLine1 crosses below conversionLine2 (Sell Signal - sellSignal). Hull MA Signals: A green up arrow (hullBuySignal) appears when the price closes above the HMA after being below it. A red down arrow (hullSellSignal) appears when the price closes below the HMA after being above it. Fibonacci Buy Signal: A purple up arrow (fibBuySignal) appears when both the price is near the calculated Fibonacci level (isAtFibLevel) and a Hull MA Buy signal (hullBuySignal) occurs simultaneously. This signifies a "confluence" signal. barcolor(...): Changes the color of the candlesticks. Bars turn blue on a Hull MA Buy signal (hullBuySignal) and red on a Hull MA Sell signal (hullSellSignal). Otherwise, the bar color remains the default chart color. How to Use / Interpret: Trend Direction: Observe the color of the filled area between the reversal lines (Blue = Uptrend, Red = Downtrend). Note whether the price is above or below the Hull MA. Consider the slope of the Hull MA (upward or downward). Entry/Exit Signals: Aggressive: Use the crossovers of the reversal lines (buySignal, sellSignal). Green arrow suggests buy, red arrow suggests sell. Trend Following: Use the HMA crossovers (hullBuySignal, hullSellSignal). Green arrow suggests buy, red arrow suggests sell. The bar colors also confirm these signals visually. Confirmed Buy: Look for the Fibonacci Buy Signal (Purple arrow). When the price reaches a potential support level (Fibonacci) and simultaneously gets an HMA Buy signal, it can be considered a stronger buy indication. Support/Resistance: The reversal lines themselves can act as dynamic support/resistance levels. The plotted Fibonacci level (fibLevel1) can be monitored as a potential retracement and support zone. Strategy: Confluence (multiple signals aligning) can increase confidence. For example, a buySignal or hullBuySignal occurring while the HMA is pointing up and the fill area is blue might be considered stronger. Adjust the barOffset parameter to fine-tune the timing of the visual signals according to your trading style. Use the Fibonacci Buy signal to potentially find entry points after pullbacks in an uptrend or near potential bottoms after a decline. Important Notes: No single indicator provides 100% accurate signals. It's crucial to use this indicator in conjunction with other analysis methods (price action, chart patterns, volume, etc.) and sound risk management strategies. The indicator's performance might vary in different market conditions (trending, sideways) and across different timeframes. Backtesting before live trading is recommended. The barOffset value shifts the plotting of the lines forward visually but does not change the time at which the underlying calculation occurs (it's still based on the data up to the current closing bar).
Pine Script® indicator
by CyriptoWorldH