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MAD Trend Detector ~ C H I P AMAD Trend Detector ~ C H I P A is a custom trend detection tool designed to identify meaningful price deviations using Median Absolute Deviation (MAD) logic layered over a smoothed price baseline. It uses: A user-selectable source (Close, High, Low, etc.) A configurable EMA or SMA as the core smoothing layer Median Absolute Deviation (MAD) to measure typical price dispersion A user-adjustable MAD multiplier to fine-tune trend sensitivity Trend bands that expand dynamically based on local volatility This setup highlights breakout conditions when price detaches meaningfully from its typical behavior — helping traders detect trend acceleration, volatility breakouts, and directional shifts with minimal lag and reduced noise. Candle coloring responds directly to trend status, with electric blue and red visuals for clear on-chart recognition.
Pine Script® indicator
by C_H_I_P_A
[blackcat] L2 Volatility ShieldOVERVIEW The L2 Volatility Shield indicator merges the Parabolic SAR (PSAR) with a volatility filter to provide dynamic stop-loss levels tailored to market conditions. This tool assists traders in identifying suitable shield loss positions to safeguard their trading capital amidst market volatility. It enhances traditional PSAR shields by incorporating the True Range (TR), enabling precise tracking of significant price movements 📊✅. FEATURES Combines PSAR and True Range (TR) for enhanced volatility analysis: PSAR: Determines potential trend reversals based on price action. True Range: Measures market volatility using high-low differences and price extremes. Generates a Volatility Shield Line: Adjusted dynamically based on volatility settings. Reflects changing market conditions and provides clear visual cues. Customizable parameters for personalized use: Volatility Period: Lookback window for volatility measurement. Volatility Multiplier: Controls the sensitivity of stop-loss adjustments. Visual representation with gradient colors indicating varying volatility levels 🎨 HOW TO USE Add the indicator to your TradingView chart by selecting it from the indicators list. Set the Volatility Period and Volatility Multiplier according to your preferred sensitivity. Monitor the Volatility Shield Line on the chart for dynamic stop-loss guidance. Consider entering or exiting positions based on price interactions with the shield line. Adjust parameters as needed to fit different trading instruments and timeframes. CALCULATION STEPS Calculate the PSAR indicator using predefined parameters. Compute the True Range as the maximum of: High-Low difference. Difference between high and previous close. Difference between low and previous close. Determine the Volatility Shield Line by adjusting PSAR with volatility factors derived from TR, period, and multiplier. Plot the shield line on the chart with gradient colors reflecting current volatility levels. STRATEGIES FOR USING THE VOLATILITY SHIELD LINE Enter long positions when prices break above the shield line. Enter short positions when prices fall below the shield line. Close existing positions or take counter-trades upon breaches of the shield line. Adapt parameters to suit diverse trading environments and asset classes. LIMITATIONS May produce false signals during extreme market events or rapid shifts. Requires thorough testing and optimization for individual trading styles and assets. Effectiveness varies depending on market conditions and selected parameters. NOTES Ensure adequate historical data for accurate calculations. Backtest extensively on demo accounts before deploying in live trading scenarios. Fine-tune parameters regularly to maintain relevance amid evolving market dynamics.
Pine Script® indicator
by blackcat1402
Smart Market Matrix Smart Market Matrix This indicator is designed for intraday, scalping, providing automated detection of price pivots, liquidity traps, and breakout confirmations, along with a context dashboard featuring volatility, trend, and volume. ## Summary Description ### Menu Settings & Their Roles - **Swing Pivot Strength**: Controls the sensitivity for detecting High/Low pivots. - **Show Pivot Points**: Toggles the display of HH/LL markers on the chart. - **VWMA Length for Trap Volume** & **Volume Spike Multiplier**: Identify concentrated volume spikes for liquidity traps. - **Wick Ratio Threshold** & **Max Body Size Ratio**: Detect candles with disproportionate wicks and small bodies (doji-ish) for traps. - **ATR Length for Trap**: Measures volatility specific to trap detection. - **VWMA Length for Breakout Volume**, **ATR Multiplier for Breakout**, **ATR Length for Breakout**, **Min Body/Range Ratio**: Set adaptive breakout thresholds based on volatility and volume. - **OBV Smooth Length**: Smooths OBV momentum for breakout confirmation. - **Enable VWAP Filter for Confirmations**: Optionally validate breakouts against the VWAP. - **Enable Higher-TF Trend Filter** & **Trend Filter Timeframe**: Align breakout signals with the 1h/4h/Daily trend. - **ADX Length**, **EMA Fast/Slow Length for Context**: Parameters for the context dashboard (Volatility, Trend, Volume). - **Show Intraday VWAP Line**, **VWAP Line Color/Width**: Display the intraday VWAP line with custom style. ### Signal Interpretation Map | Signal | Description | Recommended Action | |--------------------------------|-----------------------------------------------------------|-------------------------------------------| | 📌 **HH / LL (pivot)** | Market structure (support/resistance) | Note key levels | | **Bull Trap(green diamond)** | Sweep down + volume spike + wick + rejection | Go long with trend filter | **Bear Trap(red diamond)** | Sweep up + volume spike + wick + rejection | Go short with trend filter | 🔵⬆️ **Breakout Confirmed Up** | Close > ATR‑scaled high + volume + OBV↑ | Go long with trend filter | | 🔵⬇️ **Breakout Confirmed Down** | Close < ATR‑scaled low + volume + OBV↓ | Go short with trend filter | | 📊 **VWAP Line** | Intraday reference to guide price | Use as dynamic support/resistance | | ⚡ **Volatility** | ATR ratio High/Med/Low | Adjust position size | | 📈 **Trend Context** | ADX+EMA Strong/Moderate/Weak | Confirm trend direction | | 🔍 **Volume Context** | Breakout / Rising / Falling / Calm | Check volume momentum | *This summary gives you a quick overview of the key settings and how to interpret signals for efficient intraday scalping.* ### Suggested Settings - **Intraday Scalping (5m–15m)** - `Swing Pivot Strength = 5` - `VWMA Length for Trap Volume = 10`, `Volume Spike Multiplier = 1.6` - `ATR Length for Trap = 7` - `VWMA Length for Breakout Volume = 12`, `ATR Length for Breakout = 9`, `ATR Multiplier for Breakout = 0.5` - `Min Body/Range Ratio for Breakout = 0.5`, `OBV Smooth Length = 7` - `Enable Higher-TF Trend Filter = true` (TF = 60) - `Show Intraday VWAP Line = true` (Color = orange, Width = 2) - **Swing Trading (4h–Daily)** - `Swing Pivot Strength = 10` - `VWMA Length for Trap Volume = 20`, `Volume Spike Multiplier = 2.0` - `ATR Length for Trap = 14` - `VWMA Length for Breakout Volume = 30`, `ATR Length for Breakout = 14`, `ATR Multiplier for Breakout = 0.8` - `Min Body/Range Ratio for Breakout = 0.7`, `OBV Smooth Length = 14` - `Enable Higher-TF Trend Filter = true` (TF = D) - `Show Intraday VWAP Line = false` *Adjust these values based on the symbol and market volatility for optimal performance.*
Pine Script® indicator
by ToCoMi
Alpha Beta Gamma with Volume CandleAlpha Beta Gamma with Volume Candle This Pine Script indicator analyzes price dynamics and volume activity to assist traders in identifying momentum, reversals, and key price levels. It calculates three proprietary metrics—Alpha, Beta, and Gamma—based on a user-selected price type (e.g., Open, Close, HL2) and timeframe, using a lookback period (default 37 bars). These metrics normalize price movements relative to the range of highs and lows, helping traders gauge market strength and positioning. How It Works: Alpha: Measures the distance of the selected price from the lowest price over the lookback period, normalized by the period length. Beta: Represents the full price range (high minus low) over the lookback period, scaled by the period length. Gamma: Normalizes the price’s position within the high-low range, providing a 0–1 scale for relative positioning. Volume Analysis: The script classifies candles based on volume thresholds relative to a simple moving average (SMA, default 400 bars). High volume (≥ 2x SMA), low volume (≤ 0.5x SMA), and strong signal volume (≥ 1.5x SMA) trigger distinct candle colors to highlight bullish (e.g., deep blue, violet) or bearish (e.g., aqua, pink) conditions. Custom Bands: Nine horizontal levels (0 to 1, divided into eight equal parts) act as dynamic support/resistance zones, useful for grid-based trading or breakout strategies. How to Use: Inputs: Chart Timeframe: Select the timeframe for price data (e.g., 1H, 1D). Price Type: Choose the price metric (e.g., Close, HL2) for calculations. ABG Length: Adjust the lookback period (default 37) for sensitivity. Volume MA Length: Set the SMA period for volume analysis (default 400). Volume Thresholds: Customize high, low, and strong volume multipliers. Visual Settings: Toggle labels, custom bands, and table display; adjust line styles, label sizes, and table positions. Interpretation: Use Alpha, Beta, and Gamma plots to assess price momentum and range dynamics. Monitor colored candles for volume-driven signals (e.g., violet for strong bullish volume). Leverage custom bands for support/resistance or breakout trading. Check the table for real-time ABG values and percentage changes. Settings Tips: For scalping, reduce the ABG Length (e.g., 20) and use a shorter timeframe (e.g., 5M). For swing trading, increase the Volume MA Length (e.g., 600) for more stable volume signals. Enable labels and custom bands for visual clarity on key levels. This indicator is versatile for various trading styles, combining price-based metrics with volume analysis to enhance decision-making.
Pine Script® indicator
by Dshergill
Whale Psychology Insights ### 🧠 Whale Psychology Insights – Unmasking Smart Money Moves **Understand the mind games behind every candle.** This advanced indicator is designed to reveal the psychological warfare played by whales and market manipulators in the crypto space. Stop trading blind—start trading with the insights of the smart money. #### 🔍 What It Does: - **Liquidity Zone Detection** – Automatically identifies key **swing highs/lows** where stop hunts are likely. - **Volume Spike Alerts** – Spot **suspicious activity** where big players enter or exit. - **Order Block Zones** – Highlights **bullish/bearish engulfing patterns** used by institutions. - **Fair Value Gaps (FVG)** – Marks price inefficiencies where price may return. - **Fakeout Detection** – Finds **manipulative wicks** designed to trap retail traders. #### 💡 Use Cases: - Avoid getting stopped out by **liquidity grabs** - Enter after the **whales have made their move** - Identify **high-probability reversal zones** - Trade **with smart money**, not against it Perfect for scalpers, intraday traders, and swing traders looking to understand *why* price moves—not just *where*. > 🧠 **Trade the psychology, not just the chart.**
Pine Script® indicator
by johannpasqualini
Machine Learning | Adaptive Trend Signals [Bitwardex]⚙️🧠Machine Learning | Adaptive Trend Signals 🔷Overview Machine Learning | Adaptive Trend Signals is a Pine Script™ v6 indicator designed to visualize market trends and generate signals through a combination of volatility clustering, Gaussian smoothing, and adaptive trend calculations. Built as an overlay indicator, it integrates advanced techniques inspired by machine learning concepts, such as K-Means clustering, to adapt to changing market conditions. The script is highly customizable, includes a backtesting module, and supports alert conditions, making it suitable for traders exploring trend-based strategies and developers studying volatility-driven indicator design. 🔷Functionality The indicator performs the following core functions: • Volatility Clustering: Uses K-Means clustering to categorize market volatility into high, medium, and low states, adjusting trend sensitivity accordingly. • Trend Calculation: Computes adaptive trend lines (SmartTrend) based on volatility-adjusted standard deviation, smoothed RSI, and ADX filters. • Signal Generation: Identifies potential buy and sell points through trend line crossovers and directional confirmation. • Backtesting Module: Tracks trade outcomes based on the SmartTrend3 value, displaying win rate and total trades. • Visualization: Plots trend lines with gradient colors and optional signal markers (bullish 🐮 and bearish 🐻). • Alerts: Provides configurable alerts for trend shifts and volatility state changes. 🔷Technical Methodology Volatility Clustering with K-Means The indicator employs a K-Means clustering algorithm to classify market volatility, measured via the Average True Range (ATR), into three distinct clusters: • Data Collection: Gathers ATR values over a user-defined training period (default: 100 bars). • Centroid Initialization: Sets initial centroids at the highest, lowest, and midpoint ATR values within the training period. • Iterative Clustering: Assigns ATR data points to the nearest centroid, recalculates centroid means, and repeats until convergence. • Dynamic Adjustment: Assigns a volatility state (high, medium, or low) based on the closest centroid, adjusting the trend factor (e.g., tighter for high volatility, wider for low volatility). This approach allows the indicator to adapt its sensitivity to varying market conditions, providing a data-driven foundation for trend calculations. 🔷Gaussian Smoothing To enhance signal clarity and reduce noise, the indicator applies Gaussian kernel smoothing to: • RSI: Smooths the Relative Strength Index (calculated from OHLC4) to filter short-term fluctuations. • SmartTrend: Smooths the primary trend line for a more stable output. The Gaussian kernel uses a sigma value derived from the user-defined smoothing length, ensuring mathematically consistent noise reduction. 🔷SmartTrend Calculation The pineSmartTrend function is the core of the indicator, producing three trend lines: • SmartTrend: The primary trend line, calculated using a volatility-adjusted standard deviation, smoothed RSI, and ADX conditions. • SmartTrend2: A secondary trend line with a wider factor (base factor * 1.382) for signal confirmation. SmartTrend3: The average of SmartTrend and SmartTrend2, used for plotting and backtesting. Key components of the calculation include: • Dynamic Standard Deviation: Scales based on ATR relative to its 50-period smoothed average, with multipliers (1.0 to 1.4) applied according to volatility thresholds. • RSI and ADX Filters: Requires RSI > 50 for bullish trends or < 50 for bearish trends, alongside ADX > 15 and rising to confirm trend strength. Volatility-Adjusted Bands: Constructs upper and lower bands around price action, adjusted by the volatility cluster’s dynamic factor. 🔷Signal Generation The generate_signals function generates signals as follows: • Buy Signal: Triggered when SmartTrend crosses above SmartTrend2 and the price is above SmartTrend, with directional confirmation. • Sell Signal: Triggered when SmartTrend crosses below SmartTrend2 and the price is below SmartTrend, with directional confirmation. Directional Logic: Tracks trend direction to filter out conflicting signals, ensuring alignment with the broader market context. Signals are visualized as small circles with bullish (🐮) or bearish (🐻) emojis, with an option to toggle visibility. 🔷Backtesting The get_backtest function evaluates signal outcomes using the SmartTrend3 value (rather than closing prices) to align with the trend-based methodology. It tracks: • Total Trades: Counts completed long and short trades. • Win Rate: Calculates the percentage of trades where SmartTrend3 moves favorably (higher for longs, lower for shorts). Position Management: Closes opposite positions before opening new ones, simulating a single-position trading system. Results are displayed in a table at the top-right of the chart, showing win rate and total trades. Note that backtest results reflect the indicator’s internal logic and should not be interpreted as predictive of real-world performance. 🔷Visualization and Alerts • Trend Lines: SmartTrend3 is plotted with gradient colors reflecting trend direction and volatility cluster, accompanied by a secondary line for visual clarity. • Signal Markers: Optional buy/sell signals are plotted as small circles with customizable colors. • Alerts: Supports alerts for: • Bullish and bearish trend shifts (confirmed on bar close). Transitions to high, medium, or low volatility states. 🔷Input Parameters • ATR Length (default: 14): Period for ATR calculation, used in volatility clustering. • Period (default: 21): Common period for RSI, ADX, and standard deviation calculations. • Base SmartTrend Factor (default: 2.0): Base multiplier for volatility-adjusted bands. • SmartTrend Smoothing Length (default: 10): Length for Gaussian smoothing of the trend line. • Show Buy/Sell Signals? (default: true): Enables/disables signal markers. • Bullish/Bearish Color: Customizable colors for trend lines and signals. 🔷Usage Instructions • Apply to Chart: Add the indicator to any TradingView chart. • Configure Inputs: Adjust parameters to align with your trading style or market conditions (e.g., shorter ATR length for faster markets). • Interpret Output: • Trend Lines: Use SmartTrend3’s direction and color to gauge market bias. • Signals: Monitor bullish (🐮) and bearish (🐻) markers for potential entry/exit points. • Backtest Table: Review win rate and total trades to understand the indicator’s behavior in historical data. • Set Alerts: Configure alerts for trend shifts or volatility changes to support manual or automated trading workflows. • Combine with Analysis: Use the indicator alongside other tools or market context, as it is designed to complement, not replace, comprehensive analysis. 🔷Technical Notes • Data Requirements: Requires at least 100 bars for accurate volatility clustering. Ensure sufficient historical data is loaded. • Market Suitability: The indicator is designed for trend detection and may perform differently in ranging or volatile markets due to its reliance on RSI and ADX filters. • Backtesting Scope: The backtest module uses SmartTrend3 values, which may differ from price-based outcomes. Results are for informational purposes only. • Computational Intensity: The K-Means clustering and Gaussian smoothing may increase processing time on lower timeframes or with large datasets. 🔷For Developers The script is modular, well-commented, encouraging reuse and modification with proper attribution. Key functions include: • gaussianSmooth: Applies Gaussian kernel smoothing to any data series. • pineSmartTrend: Computes adaptive trend lines with volatility and momentum filters. • getDynamicFactor: Adjusts trend sensitivity based on volatility clusters. • get_backtest: Evaluates signal performance using SmartTrend3. Developers can extend these functions for custom indicators or strategies, leveraging the volatility clustering and smoothing methodologies. The K-Means implementation is particularly useful for adaptive volatility analysis. 🔷Limitations • The indicator is not predictive and should be used as part of a broader trading strategy. • Performance varies by market, timeframe, and parameter settings, requiring user experimentation. • Backtest results are based on historical data and internal logic, not real-world trading conditions. • Volatility clustering assumes sufficient historical data; incomplete data may affect accuracy. 🔷Acknowledgments Developed by Bitwardex, inspired by machine learning concepts and adaptive trading methodologies. Community feedback is welcome via TradingView’s platform. 🔷 Risk Disclaimer Trading involves significant risks, and most traders may incur losses. Bitwardex AI Algo is provided for informational and educational purposes only and does not constitute financial advice or a recommendation to buy or sell any financial instrument . The signals, metrics, and features are tools for analysis and do not guarantee profits or specific outcomes. Past performance is not indicative of future results. Always conduct your own due diligence and consult a financial advisor before making trading decisions.
Pine Script® indicator
by bitwardex
NR4/NR7 + Trend + MACD + VWAP FilterThe Ultimate Momentum-Compression Strategy This strategy merges the power of price compression and trend confirmation, ensuring you're trading when the market is coiled and ready to move. By combining multiple filters—NR4/NR7, trend alignment, MACD momentum, and VWAP support—this setup identifies high-probability trade opportunities in dynamic, trending stocks. Here's how it works: NR4/NR7 Patterns: These are narrow-range days where the current price range is smaller than the previous 4 or 7 days. This signals potential breakout or continuation setups, as the market is compressing before making a move. Trend Confirmation: To ensure you're not trading against the current trend, the price must be above the 20 EMA, and the 10 EMA must be above the 20 EMA. This confirms a bullish structure, with the price trending in your favour. MACD Momentum: The fast MACD line must be above the slow MACD line, confirming the trend is not only intact but also gaining momentum. VWAP Filter: Price must be above the VWAP (Volume Weighted Average Price). This is the final confirmation that the market is in a strong, bullish phase, with buyers dominating the market. By requiring all these conditions to align, this strategy takes the guesswork out of day trading. It ensures you're trading within a well-established trend, with compression patterns and momentum backing your trade. The result? You’re entering positions with confidence and clarity, poised to ride strong, sustained moves. This strategy is for the trader who values both flexibility and discipline—able to capture dynamic moves while staying aligned with market structure and momentum. It’s a refined, systematic approach that makes decisions clear, without the emotional second-guessing.
Pine Script® indicator
by LordRobrecht
PumpC Opening Range Breakout (ORB) 5min Range📄 PumpC ORB 5-Minute Opening Range Breakout Indicator ✨ Overview The PumpC ORB 5-Minute Opening Range Breakout indicator captures early session price action by tracking the high, low, and open of a defined 5-minute window at market open (customized for Futures or Stocks). It plots breakout levels, extension targets, average range calculations, volume tracking, and provides visual and table-based data summaries. This indicator is designed for traders seeking a complete, clean visualization of Opening Range Breakouts (ORB) with flexible customization. ⚙️ Main Features Opening Range Box (ORB Box) Draws a box around the high and low of the first 5-minute session (8:30–8:35 ET for Futures, 9:30–9:35 ET for Stocks). Box extends from the session open to the session close (4:00 PM ET). Option to enable/disable historical boxes. Box color and opacity are customizable. Core ORB Levels Open Level: Plots the open price of the 5-minute ORB window. ORB Levels: Plots breakout levels at multiples: +0.5x the range +1.5x the range (customizable factor) Each level has independent color settings and visibility toggles. Option to show or hide historic extension levels. Table Display Compact table in the top-right corner showing: ORB ATR (average range) ORB ATR in ticks Today's ORB range ORB Volume ATR (average volume during ORB) Today's ORB Volume Volume is formatted automatically into "K" (thousands) or "M" (millions) for readability. Background Highlights After the ORB window closes: Blue highlight if today's ORB range is greater than the 10-day ATR average. Orange highlight if today's ORB range is smaller than the 10-day ATR average. Helps quickly assess relative strength or weakness compared to historical behavior. Alerts Breakout Confirmations: Fires when price closes above ORB High or below ORB Low. Fallout Traps: Alerts when price wick crosses ORB High/Low but closes back inside the range. Alerts use clean titles and simple messages for easy identification. 🔧 Inputs and Customization Mode Toggle: Choose between Futures (8:30 ET open) or Stocks (9:30 ET open). Show/Hide Labels: Control label visibility for ORB and extension levels. Line Width Control: Customize thickness for ORB lines and extension levels. ORB Level Level Visibility: Independently enable or disable each extension line. Table Appearance: Customize table background color, font color, and padding. ORB Box Settings: Customize box color and control whether historical boxes are drawn. 📚 How to Use Select Mode: Choose Futures or Stocks depending on your instrument. Observe the Opening Range: Focus on the ORB High and ORB Low during the first 5 minutes after the open. Monitor Breakouts: Breakout alerts will fire when price closes outside the ORB range, signaling potential continuation. Watch for Fallout Traps: Fallout alerts signal when price briefly wicks above/below but closes back inside the ORB range. Use Table Metrics: Instantly compare today's ORB range and volume versus historical averages to assess session strength or weakness. 🛡️ Notes Best used on the 1-minute or 5-minute chart for intraday trading. Ensure your TradingView chart time zone is set to New York for correct functioning. Alerts must be manually configured after adding the indicator to your chart.
Pine Script® indicator
by PumpCTrader
Returns & Distance from ATHHere’s what that Pine Script does, in everyday terms: 1. **Look back in time** - It grabs the closing price from **3 months ago** and **1 month ago** by asking TradingView’s “monthly” data for the symbol. 2. **Calculate percentage changes** - **3-month return** = (today’s close – close 3 months ago) ÷ (close 3 months ago) × 100 - **1-month return** = (today’s close – close 1 month ago) ÷ (close 1 month ago) × 100 3. **Track the highest price ever seen (ATH)** - It keeps a running “all-time high” variable, updating it any time today’s high exceeds the previous ATH. 4. **Compute how far you are below ATH** - **% from ATH** = (ATH – today’s close) ÷ ATH × 100 5. **Build a little stats table on your chart** - It makes a 2-row by 3-column box in the **top-center** of your price panel. - The **first row** has labels: “3M % Return”, “1M % Return”, “% from ATH”. - The **second row** shows the three computed numbers, each formatted to two decimal places and suffixed with “%.” 6. **Refresh only once per bar** - All of these values and the table get updated **at the close** of each bar, so your table always shows the latest stats without cluttering the chart with extra drawings. In short, this indicator quietly collects the right historical prices, does three simple percent-change math steps, and then displays those three key numbers in a neat, always-visible box at the top of your TradingView chart.
Pine Script® indicator
by trading_kris
NR4/NR7 + Trend + Refined MACD + VWAP FilterRefined Trend-Following Strategy with NR4/NR7, MACD, and VWAP Filters This trading strategy combines multiple technical filters to identify high-probability momentum setups, using a refined approach to the MACD for added precision. It’s designed for active traders looking to capitalise on strong trends while avoiding false signals. Key Features: Narrow Range Days (NR4/NR7): The strategy first looks for stocks with a narrow range, either NR4 (lowest range of the last four days) or NR7 (lowest range of the last seven days). This identifies stocks that have consolidated and may be preparing for a breakout or strong move. Trend Analysis with EMAs: Price must be above the 20-period EMA, confirming a bullish trend. Additionally, the 10-period EMA must be above the 20-period EMA, ensuring that the short-term trend is aligned with the longer-term trend, adding to the setup’s strength. Refined MACD Filter: If the fast MACD line (12-period) is above the slow MACD line (26-period), the strategy accepts any difference, allowing for a full range of momentum opportunities. If the fast MACD line is below the slow MACD line, the difference must be no more than 5%. This allows the strategy to capture tight price action setups without excluding potential trends due to a small discrepancy. VWAP Confirmation: The strategy requires the price to be above the Volume Weighted Average Price (VWAP), adding a layer of volume-based confirmation to ensure that the stock is in a strong, positive trend relative to its average price. Why This Works: This system is designed to take advantage of stocks that show consolidation (NR4/NR7) and then provide a clear, systematic approach for confirming their breakout potential through trend-following indicators like EMAs, MACD, and VWAP. The nuanced MACD filter adds a layer of flexibility, ensuring that no potential trend is overlooked while preventing false signals due to slight technical discrepancies. By combining multiple layers of trend confirmation and dynamic filters for volatility, momentum, and volume, the strategy offers a refined approach to capturing high-probability setups, helping traders avoid overfitting to noise and focus on the most promising opportunities.
Pine Script® indicator
by LordRobrecht
NR4/NR7 + 10 EMA Trend Filter📝 Description: This script spots NR4 and NR7 days—those deceptively quiet candles where price volatility contracts... right before a potential breakout. But here’s the twist: It only highlights setups when the stock is above the 10 EMA, filtering for bullish trends with real momentum behind them. We’re not interested in weak sauce. We want spring-loaded coils in strong uptrends. 🧠 What It Does: 🔍 NR4 (Narrow Range 4): Today's range is the smallest of the last 4 days 🧨 NR7 (Narrow Range 7): Today's range is the smallest of the last 7 days 🧭 Trend Filter: Highlights only when price is above the 10-period EMA 🎯 Visual Cues: Orange background and label for NR4, purple for NR7
Pine Script® indicator
by LordRobrecht
NR4/NR7 + Strong Uptrend FilterNR4/NR7 Tight Range Breakout Scanner with Trend Confirmation This script identifies explosive breakout candidates by scanning for NR4 (Narrowest Range in 4 days) and NR7 (Narrowest Range in 7 days) setups, only when the underlying stock is showing strong bullish alignment. Why This Matters Narrow range candles often precede volatility. When you combine that compression with a strong uptrend, you’re essentially spotting a coiled spring—just before the snap. Most traders chase moves. This one waits—quiet, deliberate, prepared. Trend Filter Criteria To ensure quality and avoid weak setups, the scanner only signals when: The closing price is above the 10 EMA The 10 EMA is above the 20 EMA This confirms strong short-term momentum and trend alignment—what some call a “momentum staircase.” It keeps you on the frontside of the move and filters out chop, fakeouts, and death-by-a-thousand-wick scenarios. Visuals Orange Label → NR4 in a strong trend Purple Label → NR7 in a strong trend Background also highlights to give subtle visual cues Best Use Case Scan end-of-day or intraday on your watchlist. Combine it with: MACD expansion Low float + news catalysts Volume surges Breakout-ready chart structure Result? You don’t chase. You don’t guess. You stalk high-probability trades like a nobleman with a sniper rifle.
Pine Script® indicator
by LordRobrecht
NR4/NR7 + Trend + MACD Filter📈 NR4/NR7 Breakout Scanner — with Trend & Momentum Filters This script scans for NR4 and NR7 patterns—tight inside days that often precede explosive moves. But we don’t stop there. We filter for high-probability setups only, using: ✅ Trend Confirmation: Price is above the 20 EMA 10 EMA is above the 20 EMA (We’re not buying weakness. The structure must be bullish.) ✅ Momentum Confirmation (MACD Filter): The MACD fast line is above the signal line (Momentum must already be in gear—not catching a falling knife.) This combo gives you a coiled spring setup—tight range, in a clear trend, with momentum pushing in your favour. It’s ideal for breakout traders, swing traders, and anyone who wants to avoid false starts on the wrong side of the tape. NR4 setups are marked orange, NR7 setups are marked purple. Stick to the right side of the trend, and let the squeeze do the rest.
Pine Script® indicator
by LordRobrecht
MA's + VWAP + VIX + BBMy combined indicator that I use for day trading SPY. It is a combination of several indicators, including.. VWAP Bolinger Bands Moving Averages 7-day MA 9-day MA 20-day MA 21-day MA 24-day MA 50-day MA 200-day MA 500-day MA VIX and Skew index VIX value and % change for the day Skew value Table size can be adjusted smaller if on mobile I use the VIX table to see the current days % change and do a general comparison to what SPY closed at the day before. TradingView has an option to plot a line on where the price closed the previous day, which I enabled on my chart settings. VIX can give a confirmation of downtrends (if VIX goes up) or uptrends (if VIX goes down) and the general strength of the trend. Please enable/disable whichever option(s) you prefer in the settings - any indicator can be disabled. I have defaulted the settings to what I personally use for SPY which includes 7-day MA, 20-day MA, VWAP, VIX table and BB's. I recommend disabling the "Inputs in status line", "Labels on price scale" and "Values in status line" so as to free up clutter on the chart. I've also published a TSI indicator which I use for spotting divergences. I hope you enjoy using this combined indicator.
Pine Script® indicator
by Copper_Cat
ka66: ADR EstimationThis is based on Daryl Guppy's Average Daily Range indicator, the link is difficult to find, but it is an estimation/projection indicator for a daily range. The thesis is (if I understand correctly): The range (high - low) of a particular day can be determined, with 85% probability, by taking the ranges of the last 5 days, and getting their average, then multiplying this average value by 0.75. This final value is the estimated range for the next day. The indicator does not say anything about potential direction, so it may be used as a Take Profit or Stop Loss estimator for the trading strategy in use. Either on the daily timeframe, or an intraday timeframe. And if we enter the market intraday for a day trade, when the day's range has already exceeded or is close to exceeding the estimated/projected value, perhaps the move is already quite exhausted, and the trade needs to be reconsidered. A further implication is: if 0.75 multiple occurs with 85% probability, then a lower multiple is even more probable, if one was looking for a more conservative estimate. The indicator shows three things for a visual inspection of the validity of this concept (and allows basic customisation of parameters): The day's range, shown in a translucent gray/deep green, as columns. This is the current bar's range. If intraday, it will repaint. The 5 day average up to the current bar, shown as a step-line plot in orange. If intraday, it will repaint. The projected range: a thinner blue histogram column, this is offset one bar forward, as it is a future estimate/forward-looking. It too will repaint if the current day is still not complete. To evaluate the historical results of the chosen settings visually (eye-ball it!), compare the blue histogram bar to the gray bar/column, i.e. the estimate vs. actual range: When the blue bar is generally within the gray column, and close enough to that column's size/range, then the projected estimation has been reasonable. if the blue bar tends to be relatively smaller than the gray bar, then we are underestimating often. Increase the projection multiple setting, as a simple fix. if the blue bar tends to exceed the range of the gray bar a lot, we are overestimating often. Lower the projection multiple setting, as a simple fix. Guppy's document says that they basically calculate this ADR for multiple markets and focus on markets with the top 5 ranges (in descending order, of course), to maximise the profit potential on intraday trades planned for the next day. Because it is an estimation, this calculation can be run at the end of the day on completed bars. This indicator also allows displaying the value as percentages, taking the logic of the ATR% (ATR Percent) indicator, which divides the ATR by the close value and multiplies it by 100 to get a normalised percentage value, allowing it to be compared across markets (but in the same timeframe!).
Pine Script® indicator
by ka66
1
Heikin Ashi Smoothed con Gradienti e MA Dinamico 📊 Advanced Heikin-Ashi + 3 Bollinger Bands Indicator This indicator combines Smoothed Heikin-Ashi candles with three customizable sets of Bollinger Bands, providing a complete visual analysis of trend and market volatility. MAIN FEATURES: 2 Smoothed Heikin-Ashi Candles: - Based on two Heikin-Ashi smoothing layers with independent settings - Advanced color styling options: 🎨 Gradient colors 🔲 Hollow candles (only borders and wicks) 🔥 Delta coloring based on wick size difference 🔵 Automatic black borders when wicks are hidden (for contrast) 3 Independent Bollinger Bands: - Named First, Second, and Third Bollinger Bands, each with: - Customizable period and standard deviation - Separate color and fill settings - Individual toggle for showing band and fill - Layered fills for clear visual separation between bands Full Customization: - Toggle for wick visibility, borders, gradient colors, hollow mode - Works with both classic and smoothed Heikin-Ashi - Great visual clarity, even with complex settings "By setting both Smoothing Length 1 and 2 to a value of 1, the indicator effectively replicates the classic Heikin Ashi candles. This configuration disables additional smoothing, allowing the Heikin Ashi to reflect market data more directly, preserving its original form without delay or averaging effects." _________________________________________________________________________ "The indicator also features advanced gradient coloring for Heikin Ashi candles, providing a visually intuitive way to interpret price action. Instead of fixed bullish or bearish colors, the candle body color can dynamically reflect the relative strength of upper and lower wicks, allowing for more nuanced insights. This gradient can be customized and fine-tuned through a palette of seven user-defined colors, enhancing the visual richness and analytical depth of the chart." Let me know the next part you'd like to describe! _________________________________________________________________________ Users have the option to disable the candle wicks for a cleaner visual appearance. When wicks are turned off, the indicator automatically sets the candle borders to black, ensuring clear separation and strong visual contrast between candles. This feature enhances readability, especially when using transparent or gradient-filled bodies, making the chart more visually coherent and easier to read. _________________________________________________________________________ When gradient coloring is disabled, the indicator offers an optional 'hollow candle' mode. In this mode, only the borders and wicks of the candles are displayed, while the candle bodies remain transparent. This minimalistic style can help traders focus on structural price patterns without the distraction of filled colors, and is especially useful for those who prefer clean, contrast-driven chart visuals. _________________________________________________________________________ When both wick display and gradient coloring are disabled, and the hollow candle mode is enabled, the indicator switches to a simplified display style. In this configuration, only the candle borders are shown, offering a clean outline-only view. Both bullish and bearish candles share the same customizable border color, which can be set directly from the input settings. This mode is ideal for users seeking maximum simplicity and visual clarity." _________________________________________________________________________ "When the delta color option is enabled, the candle coloring is determined by the relative difference between the upper and lower wick sizes. This method adds an additional layer of price action analysis, where the candle's gradient reflects wick dominance. A stronger upper wick suggests bullish pressure and is visualized through one end of the gradient spectrum, while a dominant lower wick indicates selling pressure and is represented on the opposite end. This nuanced visualization helps traders quickly gauge market sentiment shifts." Notably, this feature continues to function even when wick display is turned off, allowing traders to benefit from the underlying sentiment insights while maintaining a cleaner visual layout. _________________________________________________________________________ **"The indicator also supports a Smoothed Heikin Ashi (HA) mode, which enhances traditional HA by applying additional smoothing using two independently configurable moving averages. This dual-smoothing approach helps filter out market noise, offering a clearer view of trend direction and strength. Each moving average can be set to different configurations, allowing users to fine-tune the smoothing process to their specific needs. The following customizable settings are available:"** - Smoothing Length 1: Controls the length of the first smoothed HA. - Smoothing Length 2: Controls the length of the second smoothed HA. Moving Average Type 1 and Moving Average Type 2 selectable from: - Heikin Original - SMA (Simple Moving Average) - EMA (Exponential Moving Average) - SMMA (RMA - Running Moving Average) - WMA (Weighted Moving Average) - VWMA (Volume Weighted Moving Average) - HMA (Hull Moving Average) - DEMA (Double Exponential Moving Average) - TEMA (Triple Exponential Moving Average) - KAMA (Kaufman Adaptive Moving Average) - ALMA (Arnaud Legoux Moving Average) **"Both moving averages can be set to different lengths and types, allowing traders to experiment with various smoothing combinations to suit their preferred trading strategy. When both smoothing lengths are set to 1 and the MA type is 'Heikin Original,' the indicator behaves like a classic Heikin Ashi chart, offering full backward compatibility for users preferring the standard format."** Note: If one of the two Heikin Ashi layers is set to "Heikin Original," any changes made to the Moving Average Type for the other layer will not take effect. In this case, the chart will behave as a standard Smoothed Heikin Ashi chart. _________________________________________________________________________ "The color settings and methods previously available, such as Hollow Candles, Show Wick, C and Delta Gradient, work seamlessly with the Smoothed Heikin Ashi (HA) chart. In fact, they perform even better when applied to the Smoothed HA, offering a more refined visual experience and clearer trend identification. "These features, when applied to the Smoothed Heikin Ashi, allow traders to benefit from both the clarity of the smoother chart and the enhanced visual cues provided by the color settings. The performance of these settings is significantly improved, offering a more intuitive and reliable charting experience." Gradient Color: ----------------------------------------------------------------- Delta Gradient: ----------------------------------------------------------------- Show Wick OFF - Gradient Color: -------------------------- Show Wick OFF - DELTA Color: -------------------------- Show Wick OFF - Normal Color: -------------------------- Show Wick OFF - Hollow Candles: _________________________________________________________________________ "Three Bollinger Bands for Enhanced Market Analysis" "This indicator allows you to use not just a single set of Bollinger Bands, but also two additional sets, each with customizable settings. This provides a more detailed view of price volatility and trend strength. The first Bollinger Band is based on a standard period and standard deviation, while the second and third sets use higher standard deviations for broader price channels, offering insights into extended market movements. Here's how the three sets of Bollinger Bands work:" 1. First Bollinger Band (First Bands, Dev 2): - This is the traditional Bollinger Band, calculated using a Simple Moving Average (SMA) as the base and a specified standard deviation multiplier. - Customizable Settings: - First Length: The period used for calculating the SMA - First Standard Deviation:** The multiplier for the standard deviation (default is 2.0). The first Bollinger Band helps identify the range of normal price fluctuations and provides clear support/resistance zones based on the moving average. 2. Second Bollinger Band (Second Bands, Dev 4): - A second set of Bollinger Bands, calculated using the same base SMA but with a higher standard deviation multiplier (default is 4.0). - Customizable Settings: - Second Length: The period for the second set of Bollinger Bands - Second Deviation: The higher multiplier for the second set of bands (default is 4.0). The second Bollinger Band gives insight into extreme price movements, highlighting periods of high volatility and potential breakout zones. 3) Third Bollinger Band (Third Bands, Dev 6): - A third set of Bollinger Bands can be added with customizable settings for a broader analysis of the market's volatility. - Customizable Settings: - Third Length: The period for calculating the third set of Bollinger Bands. - Third Standard Deviation: The multiplier for the third set of bands (default is 6.0). The third Bollinger Band acts as an even wider channel for understanding extreme market conditions or prolonged trending periods. Traders can use this band to identify long-term support/resistance levels or extended price ranges. ---------------------------------------------------- "The indicator offers complete control over the length and deviation of each set of bands, allowing traders to customize their analysis for different market conditions. The three Bollinger Bands can provide more detailed insights into market volatility, allowing for better risk management and trade decision-making." ---------------------------------------------------- "Each Bollinger Band and its corresponding fill can be individually enabled or disabled. This means you can choose to focus on any single set of bands (First, Second, or Third) or use multiple bands simultaneously, based on your trading strategy and the market conditions. Similarly, you can activate or deactivate the fills for the bands to further customize the chart's visual display." ---------------------------------------------------- "Additionally, each set of Bollinger Bands can be individually toggled for visibility, making it possible to display just one, two, or all three bands depending on the level of detail you wish to analyze. The fills between the bands can also be toggled on/off independently."
Pine Script® indicator
by THG_index