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Wave Analysis

Cabreras RSIThis custom Pine Script v6 indicator transforms your smoothed RSI into a vibrant “ridge” chart, optimized for 5-minute scalping. Here’s what it does and how to use it: 1. Core Concept Zero-Centered Ridge • Takes a standard RSI (default period 7) and smooths it with an EMA (default length 3). • Subtracts 50 so the ridge oscillates around zero—peaks above zero indicate bullish momentum, valleys below zero bearish momentum. Rainbow Coloring • Maps RSI values (0–100) to a full 360° hue spectrum (red→yellow→green→cyan→blue→magenta→red). • As the smoothed RSI climbs, the ridge fill cycles through the rainbow, giving you instant visual feedback on momentum strength and direction. 2. Configurable Inputs Input Default Description Price Source Close Which price series to calculate RSI on RSI Length 7 Number of bars for the base RSI calculation Smoothing Length 3 EMA length applied to the raw RSI Upper Level (e.g. 70) 70 Overbought threshold (plotted at +20 on the ridge) Lower Level (e.g. 30) 30 Oversold threshold (plotted at –20 on the ridge) Area Transparency 20 Opacity for the rainbow fill (0 = solid, 100 = clear) Zone BG Transparency 85 Opacity for background shading beyond OB/OS zones 3. Visual Elements Rainbow Ridge Area • The main plot (style = area) fills from the zero-line up or down. • Color hue changes dynamically with RSI value. Midline & Thresholds Midline (zero): a dotted gray line. Upper Level: dashed red line at (Upper Level – 50). Lower Level: dashed green line at (Lower Level – 50). Background Shading Purple band behind the ridge when it exceeds the upper level. Green band behind the ridge when it drops below the lower level. 4. How to Read It Color progression from red→green→blue indicates rising momentum; reversing hues signal slowing or flipping momentum. Ridge peaks above the upper threshold suggest overbought conditions; valleys below the lower threshold suggest oversold. Background highlight quickly shows when RSI is in extreme zones without scanning numbers. Use this on a 5 min chart to spot rapid reversals and gauge momentum at a glance—perfect for scalping setups. Adjust your upper/lower levels and transparency settings to fine-tune to your strategy.
Pine Script® indicator
by specialistcabrera
MACD Bullish Crossover (WORKING)📘 Indicator Description – MACD Bullish Cross Alert This indicator is designed to detect bullish momentum shifts using the classic MACD (Moving Average Convergence Divergence) crossover strategy. Key Features: Calculates the MACD Line and Signal Line using customizable inputs (default: 12, 26, 9). Triggers an alert when the MACD Line (blue) crosses above the Signal Line (orange). Helps identify early bullish trend reversals or momentum entry points. Ideal for swing traders, position traders, and crypto investors using the weekly timeframe. How to Use: Add to any chart and set the timeframe to 1W (weekly). Create an alert using the built-in MACD Bullish Crossover condition. Combine with price action, volume, or RSI for higher conviction entries. Use Cases: Spotting early entry points after long downtrends. Confirming a trend reversal in high timeframes. Generating high-probability entries in trend-following systems.
Pine Script® indicator
by kamstark94
MACD Bullish Cross Alert📘 Indicator Description – MACD Bullish Cross Alert This indicator is designed to detect bullish momentum shifts using the classic MACD (Moving Average Convergence Divergence) crossover strategy. Key Features: Calculates the MACD Line and Signal Line using customizable inputs (default: 12, 26, 9). Triggers an alert when the MACD Line (blue) crosses above the Signal Line (orange). Helps identify early bullish trend reversals or momentum entry points. Ideal for swing traders, position traders, and crypto investors using the weekly timeframe. How to Use: Add to any chart and set the timeframe to 1W (weekly). Create an alert using the built-in MACD Bullish Crossover condition. Combine with price action, volume, or RSI for higher conviction entries. Use Cases: Spotting early entry points after long downtrends. Confirming a trend reversal in high timeframes. Generating high-probability entries in trend-following systems.
Pine Script® indicator
by kamstark94
Head Hunter HHHead Hunter HH - Advanced Market Structure & Volume Analysis Indicator This indicator combines volume analysis, price action, and VWAP to identify high-probability trading opportunities across multiple timeframes. Key Features: • Smart Volume Analysis: Detects institutional volume patterns using dynamic thresholds • VWAP-Based Market Structure: Multiple standard deviation bands for precision entry/exit • Daily Level Integration: Previous day's high, low, close, and current day's open • Advanced Signal Classification: Regular, Super Strong, and Scalp signals Signal Types: 1. Regular Signals (White/Purple Triangles) • Volume-confirmed reversals • Institutional price levels • Technical momentum alignment 2. Super Strong Signals (Green/Red Diamonds) • High-volume breakouts • Strong momentum confirmation • Multiple timeframe alignment 3. Scalp Signals (Green/Magenta Circles) • Quick reversal opportunities • VWAP deviation analysis • Volume surge confirmation Visual Components: • VWAP with Standard Deviation Bands • 50 MA (optional) • Daily Reference Levels • Color-coded signals based on strength • Bar color changes on confirmed signals Best Practices: • Most effective on higher timeframes (1H+) • Use with major pairs/instruments • Combine signals with support/resistance • Monitor volume confirmation • Wait for candle close confirmation This indicator helps identify institutional order flow and high-probability reversal zones by analyzing volume patterns, price action, and market structure, providing traders with multiple confirmation layers before entry. Note: Results may vary based on market conditions and timeframe selection. Always use proper risk management.
Pine Script® indicator
by RickyTSpanish
Break of Structure & Change of CharacterThis Break of Structure & Change of Character indicator is a fully customizable Pine Script v6 tool designed to help you spot key market structure shifts on any timeframe (optimized by default for 5‑minute charts). Here’s what it does and how to tailor it: What It Detects Swing Pivots Finds local swing highs and lows over a configurable lookback (Pivot Lookback). Break of Structure (BOS) Marks when price closes beyond the last swing high (bullish BOS) or below the last swing low (bearish BOS), using an ATR‑based buffer to filter out minor moves. Change of Character (CHoCH) After a BOS, watches for price to reverse back through that level (e.g. a drop below the higher‑low after a bullish BOS), signaling a potential shift in momentum. Key Inputs & Features Pivot Lookback (pivotLen): How many bars to look back for pivots (default 8 for a 5‑min chart). Fast Mode: When enabled, halves both the pivot lookback and ATR threshold for quicker—but noisier—signals. ATR Threshold (atrLen & atrMult): Uses ATR(atrLen) × atrMult to require a minimum follow‑through beyond the pivot for a valid BOS/CHoCH. Show Labels / Show Pivot Labels: Toggle on/off all structure labels or just pivot “x” markers. Appearance Customization Colors: Choose separate colors for pivot highs/lows, BOS labels, CHoCH labels, and structure lines. Line Style: Select “Solid”, “Dotted”, or “Dashed” for your swing‑level lines. Label Size & Style: Pick “Tiny”, “Small”, or “Normal” text size and choose label orientation (Up/Down/Left/Right) independently for pivots, BOS, and CHoCH. Pivot Label Text: Change the pivot marker from the default “x” to any character you prefer. How to Use Add to Chart: Apply it on a 5‑minute chart (you’ll get a one‑time notice if you’re on another timeframe). Tweak Inputs: Adjust pivot lookback, ATR multiplier, and toggle Fast Mode to suit your style. Interpret Signals: Green “BOS↑” or red “BOS↓” labels mark structure breaks. Orange “CHoCH↓” or “CHoCH↑” labels flag the reversal through that level. Dotted (or styled) lines trace the last swing high/low for visual reference.
Pine Script® indicator
by specialistcabrera
Wavelet Smoothed Moving Average (TechnoBlooms)Wavelet Smoothed Moving Average (WSMA) is a part of the Quantum Price Theory (QPT) Series of indicators. Overview: The Wavelet Smoothed Moving Average (WSMA) is a trend-following indicator inspired by multi-level Haar Wavelet decomposition. Rather than using traditional wavelet basis functions, it emulates the core wavelet concept of multi-resolution analysis using nested simple moving averages (SMA). How It Works: WSMA applies three levels of smoothing: • Level 1: SMA on price (base smoothing) • Level 2: SMA on Level 1 output (further denoising) • Level 3: SMA on Level 2 output (final approximation) Why Use WSMA: • Multi-Level Smoothing: Captures price structure across multiple time scales, unlike single-length MAs. • Noise Reduction: Filters out short-term volatility and focuses on the underlying trend. • Low Lag, High Clarity: Unlike traditional moving averages that react slowly or miss subtle shifts, WSMA’s layered smoothing delivers cleaner and more adaptive trend detection. Unique Value: • Wavelet-Inspired Design: Mimics core wavelet decomposition logic without the complexity of downsampling or basis functions. • Perfect for Trend Confirmation: The final line (a3) can act as a trend filter, while the detail levels can help identify momentum shifts and volatility bursts. • Fits Into Quantum Price Theory: As part of the QPT framework, WSMA bridges scientific theory with trading application, giving traders a deeper understanding of market structure and signal compression.
Pine Script® indicator
by TechnoBlooms
2
Fractal Wave MarkerFractal Wave Marker is an indicator that processes relative extremes of fluctuating prices within 2 periodical aspects. The special labeling system detects and visually marks multi-scale turning points, letting you visualize fractal echoes within unfolding cycles dynamically. What This Indicator Does Identifies major and minor swing highs/lows based on adjustable period. Uses Phi in power exponent to compute a higher-degree swing filter. Labels of higher degree appear only after confirmed base swings — no phantom levels, no hindsight bias. What you see is what the market has validated. Swing points unfold in a structured, alternating rhythm . No two consecutive pivots share the same hierarchical degree! Inspired by the Fractal Market Hypothesis, this script visualizes the principle that market behavior repeats across time scales, revealing structured narrative of "random walk". This inherent sequencing ensures fractal consistency across timeframes. "Fractal echoes" demonstrate how smaller price swings can proportionally mirror larger ones in both structure and timing, allowing traders to anticipate movements by recursive patterns. Cycle Transitions highlight critical inflection points where minor pivots flip polarity such as a series of lower highs progress into higher highs—signaling the birth of a new macro trend. A dense dense clusters of swing points can indicate Liquidity Zones, acting as footprints of institutional accumulation or distribution where price action validates supply and demand imbalances. Visualization of nested cycles within macro trend anchors - a main feature specifically designed for the chartists who prioritize working with complex wave oscillations their analysis.
Pine Script® indicator
by fract
6
2x Marubozu Signal (Wick ≤ 30%)The 2x Marubozu Signal (Wick ≤ 30%) is a powerful, momentum-based price action indicator designed to catch strong bullish or bearish trends early. It scans for two consecutive Marubozu-style candles (where wicks are ≤ 30% of the total candle size) to identify moments of solid conviction from buyers or sellers. This indicator detects: Bullish Signal: Two green candles in a row, both with tiny wicks (≤ 30% of total candle size), indicating strong buying pressure and momentum. Bearish Signal: Two red candles in a row, both with tiny wicks (≤ 30%), signaling dominant selling pressure. The signal appears on the second candle — confirming the continuation move after initial momentum. Key Features: 🔍 Wick Ratio Filter: Only triggers if both candles have upper and lower wicks less than or equal to 30% of the full candle range (High - Low). 📈 Visual Signal Arrows: Green Up Arrow on bullish 2x Marubozu Red Down Arrow on bearish 2x Marubozu ⚙️ Clean and Lightweight: No lag, perfect for intraday, swing, or trend-based strategies. 🎯 Use Case: Trend Confirmation: Enter after the second strong Marubozu to ride breakout moves. Momentum Filter: Combine with your existing strategy to filter only high-conviction price action setups. Reversal Spotting: Catch reversals at key support/resistance when Marubozus form. 🧠 Pro Tips: Works best on 15m–1D charts, especially after consolidation. Combine with support/resistance, volume, or EMA/SMA zones for confirmation. Avoid overtrading in choppy zones—this is a momentum-only tool. 🚀 Who’s It For? Price Action Traders Scalpers & Swing Traders Trend-followers Crypto, Forex, Stocks 📌 Author Note: This indicator was crafted for traders who trust pure candle structure over lagging indicators. If you respect momentum, this is your edge.
Pine Script® indicator
by Mohitkapadiya
Multi-SMA Dashboard (10 SMAs)Description: This script, "Multi-SMA Dashboard (10 SMAs)," creates a dashboard on a TradingView chart to analyze ten Simple Moving Averages (SMAs) of varying lengths. It overlays the chart and displays a table with each SMA’s direction, price position relative to the SMA, and angle of movement, providing a comprehensive trend overview. How It Works: 1. **Inputs**: Users define lengths for 10 SMAs (default: 5, 10, 20, 50, 100, 150, 200, 250, 300, 350), select a price source (default: close), and customize table appearance and options like angle units (degrees/radians) and debug plots. 2. **SMA Calculation**: Computes 10 SMAs using the `ta.sma()` function with user-specified lengths and price source. 3. **Direction Determination**: The `sma_direction()` function checks each SMA’s trend: - "Up" if current SMA > previous SMA. - "Down" if current SMA < previous SMA. - "Flat" if equal (no strength distinction). 4. **Price Position**: Compares the price source to each SMA, labeling it "Above" or "Below." 5. **Angle Calculation**: Tracks the most recent direction change point for each SMA and calculates its angle (atan of price change over time) in degrees or radians, based on the `showInRadians` toggle. 6. **Table Display**: A 12-column table shows: - Columns 1-10: SMA name, direction (Up/Down/Flat), Above/Below status, and angle. - Column 11: Summary of Up, Down, and Flat counts. - Colors reflect direction (lime for Up/Above, red for Down/Below, white for Flat). 7. **Debug Option**: Optionally plots all SMAs and price for visual verification when `debug_plots_toggle` is enabled. Indicators Used: - Simple Moving Averages (SMAs): 10 user-configurable SMAs ranging from short-term (e.g., 5) to long-term (e.g., 350) periods. The script runs continuously, updating the table on each bar, and overlays the chart to assist traders in assessing multi-timeframe trend direction and momentum without cluttering the view unless debug mode is active.
Pine Script® indicator
by ZMGcustom
Goichi Hosoda TheoryGreetings to traders. I offer you an indicator for trading according to the Ichimoku Kinho Hyo trading system. This indicator determines possible time cycles of price reversal and expected asset price values ​​based on the theory of waves and time cycles by Goichi Hosoda. The indicator contains classic price levels N, V, E and NT, and is supplemented with intermediate levels V+E, V+N, N+NT and x2, x3, x4 for levels V and E, which are used in cases where the wave does not contain corrections and there is no possibility to update the impulse-corrective wave. A function for counting bars from points A B and C has also been added.
Pine Script® indicator
by YSVTraid
3
Multi Oscillator OB/OS Signals v3 - Scope TestIndicator Description: Multi Oscillator OB/OS Signals Purpose: The "Multi Oscillator OB/OS Signals" indicator is a TradingView tool designed to help traders identify potential market extremes and momentum shifts by monitoring four popular oscillators simultaneously: RSI, Stochastic RSI, CCI, and MACD. Instead of displaying these oscillators in separate panes, this indicator plots distinct visual symbols directly onto the main price chart whenever specific predefined conditions (typically related to overbought/oversold levels or line crossovers) are met for each oscillator. This provides a consolidated view of potential signals from these different technical tools. How It Works: The indicator calculates the values for each of the four oscillators based on user-defined settings (like length periods and price sources) and then checks for specific signal conditions on every bar: Relative Strength Index (RSI): It monitors the standard RSI value. When the RSI crosses above the user-defined Overbought (OB) level (e.g., 70), it plots an "Overbought" symbol (like a downward triangle) above that price bar. When the RSI crosses below the user-defined Oversold (OS) level (e.g., 30), it plots an "Oversold" symbol (like an upward triangle) below that price bar. Stochastic RSI: This works similarly to RSI but is based on the Stochastic calculation applied to the RSI value itself (specifically, the %K line of the Stoch RSI). When the Stoch RSI's %K line crosses above its Overbought level (e.g., 80), it plots its designated OB symbol (like a downward arrow) above the bar. When the %K line crosses below its Oversold level (e.g., 20), it plots its OS symbol (like an upward arrow) below the bar. Commodity Channel Index (CCI): It tracks the CCI value. When the CCI crosses above its Overbought level (e.g., +100), it plots its OB symbol (like a square) above the bar. When the CCI crosses below its Oversold level (e.g., -100), it plots its OS symbol (like a square) below the bar. Moving Average Convergence Divergence (MACD): Unlike the others, MACD signals here are not based on fixed OB/OS levels. It identifies when the main MACD line crosses above its Signal line. This is considered a bullish crossover and is indicated by a specific symbol (like an upward label) plotted below the price bar. It also identifies when the MACD line crosses below its Signal line. This is a bearish crossover, indicated by a different symbol (like a downward label) plotted above the price bar. Visualization: All these signals appear as small, distinct shapes directly on the price chart at the bar where the condition occurred. The shapes, their colors, and their position (above or below the bar) are predefined for each signal type to allow for quick visual identification. Note: In the current version of the underlying code, the size of these shapes is fixed (e.g., tiny) and not user-adjustable via the settings. Configuration: Users can access the indicator's settings to customize: The calculation parameters (Length periods, smoothing, price source) for each individual oscillator (RSI, Stoch RSI, CCI, MACD). The specific Overbought and Oversold threshold levels for RSI, Stoch RSI, and CCI. The colors associated with each type of signal (OB, OS, Bullish Cross, Bearish Cross). (Limitation Note: While settings exist to toggle the visibility of signals for each oscillator individually, due to a technical workaround in the current code, these toggles may not actively prevent the shapes from plotting if the underlying condition is met.) Alerts: The indicator itself does not automatically generate pop-up alerts. However, it creates the necessary "Alert Conditions" within TradingView's alert system. This means users can manually set up alerts for any of the specific signals generated by the indicator (e.g., "RSI Overbought Enter," "MACD Bullish Crossover"). When creating an alert, the user selects this indicator, chooses the desired condition from the list provided by the script, and configures the alert actions. Intended Use: This indicator aims to provide traders with convenient visual cues for potential over-extension in price (via OB/OS signals) or shifts in momentum (via MACD crossovers) based on multiple standard oscillators. These signals are often used as potential indicators for: Identifying areas where a trend might be exhausted and prone to a pullback or reversal. Confirming signals generated by other analysis methods or trading strategies. Noting shifts in short-term momentum. Disclaimer: As with any technical indicator, the signals generated should not be taken as direct buy or sell recommendations. They are best used in conjunction with other forms of analysis (price action, trend analysis, volume, fundamental analysis, etc.) and within the framework of a well-defined trading plan that includes risk management. Market conditions can change, and indicator signals can sometimes be false or misleading.
Pine Script® indicator
by ozgurzari
2
Momentum Charge Theory (MCT)-(TechnoBlooms)The Momentum Charge Theory (MCT) Indicator is an advanced physics and mathematics-inspired trend detection system designed to identify market energy shifts with precision. Unlike traditional indicators that rely on static formulas, MCT integrates entropy, volatility, kinetic energy, and wavelet transforms to map price dynamics in real time. Built on Scientific Principles – This indicator applies quantum-inspired charge-discharge mechanics to spot early trend formations and reversals. Think of price action like an energy system: it charges (builds momentum) before an explosive move and discharges when that energy dissipates. Core Concepts Behind MCT 1️⃣ Directional Market Entropy – Measuring Trend Strength Entropy quantifies market randomness – is the trend structured or chaotic? ✅ A high-entropy market is uncertain (choppy price action), while a low-entropy market signals a strong directional trend. ✅ MCT normalizes entropy, allowing traders to differentiate trend acceleration from market noise. 2️⃣ Information Flow Volatility – Identifying Breakout Zones Inspired by Econophysics, this component measures volatility based on information flow rather than simple price movements. ✅ Helps spot high-volatility breakout conditions before they occur. ✅ Filters out false breakouts caused by random market noise. 3️⃣ Kinetic Energy Momentum (KEM) – The Physics of Price Acceleration Just like in physics, momentum is a function of mass and velocity – in trading, this translates to volume and price change. ✅ Uses kinetic energy equations to identify price acceleration zones. ✅ Helps detect momentum shifts before price visibly reacts. 4️⃣ Hilbert Transform Approximation – Slope & Trend Direction Analysis Applies Hilbert Transforms to estimate trend angle shifts. ✅ Detects momentum decay and early reversal signals. ✅ Captures the true trend slope rather than relying on lagging moving averages. 5️⃣ Wavelet Transform – Advanced Noise Filtering & Trend Confirmation Market movements contain multiple frequencies – wavelet transforms isolate dominant trends while removing short-term price noise. ✅ Improves trend clarity by reducing false signals. ✅ Acts as a final confirmation filter before generating Charge & Discharge signals. Charge & Discharge – The Energy Behind Market Moves 🔹 Charge (Uptrend Activation) A blue triangle appears below the candle when market conditions align for a strong bullish move. 📈 Indicates momentum buildup, low entropy, and trend strength confirmation. 🔸 Discharge (Downtrend Activation) A purple triangle appears above the candle when price momentum weakens and market entropy increases. 📉 Suggests a potential trend exhaustion or reversal. Best Use Cases for Traders ✅ Momentum Traders – Catch trend initiations before they gain full traction. ✅ Breakout Traders – Identify high-information flow zones with volatility-driven signals. ✅ Trend Followers – Avoid false signals by relying on entropy-driven confirmations. The MCT indicator can be combined with any of your usual indicators for trend confirmation.
Pine Script® indicator
by TechnoBlooms
8
Zig Zag Trend Metrics“ Zig Zag Trend Metrics ” is a highly versatile indicator, built on the classic Zig Zag concept and thoughtfully designed for technical traders seeking a deeper, more structured view of market dynamics. This tool identifies significant swing highs and lows, classifies them, and annotates each with key metrics, offering a precise snapshot of each movement. It enhances visual analysis by drawing connecting lines that outline the flow of market structure, making trend progression and reversals instantly recognizable. Beyond visual mapping, it features a compact, real-time statistics table that calculates the average price and time deltas for both bullish and bearish swings, giving traders deep insights into trend momentum and rhythm. With extensive customization options, this indicator adapts seamlessly to vast trading styles or chart setups, empowering traders to spot patterns, evaluate trend strength, and make more confident, data-backed decisions. ❖ FEATURES ✦ Automatic Swing Detection At its core, this indicator automatically identifies swing highs and lows based on a customizable lookback period (default: 10 bars). ✦ Labeling Swing Points Each swing is visualized with a label that includes: Swing Classification : “HH” (Higher High), “LH” (Lower High), “LL” (Lower Low), or “HL” (Higher Low). Price Difference : Displayed in percentage or absolute value from the previous opposite swing. Time Difference : The number of bars since the previous swing of the opposite type. These labels offer traders clear, immediate insight into price movements and structural changes. ✦ Visual Lines The indicator draws three types of lines: Bullish Lines: Connect recent swing lows to new swing highs, indicating uptrends. Bearish Lines: Connect recent swing highs to new swing lows, indicating downtrends. Range Lines: Connect consecutive highs or lows to outline price channels. Each line type can be color-coded and customized for visibility. ✦ Statistics Table An on-screen metrics table provides a live summary of trends. Script uses Relative Averaging to smooth price and time changes. This prevents outliers from distorting the data and provides a more reliable sense of typical swing behavior. Uptrend Metrics: Shows average price and time differences from recent bullish swings. Downtrend Metrics: Shows the same for bearish swings. 🛠️ Customization Options Ability to tailor the indicator to suit their strategy and aesthetic preferences: Swing Period: Adjust sensitivity to short- or long-term swings. Color Settings: Customize line and label colors. Label Display: Choose between absolute or percentage price differences. Table Settings: Modify size, location, or visibility. This makes the indicator highly flexible and useful across various timeframes and assets.
Pine Script® indicator
by fract
22
Multi-timeframe Trend & Momentum DashboardMulti-Timeframe Trend & Momentum Dashboard This indicator is a comprehensive multi-timeframe analysis tool designed for traders who want to quickly assess market trends and momentum across several timeframes. It combines trend detection with duration tracking and displays key information in an easy-to-read on-chart table. Key features include: Multi-Timeframe Analysis: Analyzes nine different timeframes (from 1-minute up to 1-week) simultaneously, helping you gauge the overall market trend at a glance. Trend Detection & Duration: Uses a combination of a short-term EMA and a long-term SMA to determine whether the market is bullish, bearish, or neutral. It also tracks how long the current trend has persisted in terms of consecutive bars and displays this duration next to each timeframe. RSI Display & Visual Alerts: Calculates the RSI for each timeframe. RSI values are color-coded—green when above 50 (indicating bullish momentum) and red when below 50 (indicating bearish conditions). Additionally, if the market is bearish on a particular timeframe while the RSI is above 50, the RSI cell flashes yellow to alert you of a potential trend reversal or divergence. On-Chart Trend Start Markers: When a new trend is detected on your current chart’s timeframe, the indicator automatically marks the bar with a label showing the new trend direction, providing a clear visual cue for trend changes. This powerful tool is perfect for traders looking to combine multi-timeframe trend analysis with momentum indicators, enabling a more informed and dynamic trading strategy. Whether you’re a day trader or swing trader, the Multi-Timeframe Trend & Momentum Dashboard brings clarity to market conditions across multiple time horizons.
Pine Script® indicator
by NICK789
2
ZigZag█ Overview This Pine Script™ library provides a comprehensive implementation of the ZigZag indicator using advanced object-oriented programming techniques. It serves as a developer resource rather than a standalone indicator, enabling Pine Script™ programmers to incorporate sophisticated ZigZag calculations into their own scripts. Pine Script™ libraries contain reusable code that can be imported into indicators, strategies, and other libraries. For more information, consult the Libraries section of the Pine Script™ User Manual. █ About the Original This library is based on TradingView's official ZigZag implementation . The original code provides a solid foundation with user-defined types and methods for calculating ZigZag pivot points. █ What is ZigZag? The ZigZag indicator filters out minor price movements to highlight significant market trends. It works by: 1. Identifying significant pivot points (local highs and lows) 2. Connecting these points with straight lines 3. Ignoring smaller price movements that fall below a specified threshold Traders typically use ZigZag for: - Trend confirmation - Identifying support and resistance levels - Pattern recognition (such as Elliott Waves) - Filtering out market noise The algorithm identifies pivot points by analyzing price action over a specified number of bars, then only changes direction when price movement exceeds a user-defined percentage threshold. █ My Enhancements This modified version extends the original library with several key improvements: 1. Support and Resistance Visualization - Adds horizontal lines at pivot points - Customizable line length (offset from pivot) - Adjustable line width and color - Option to extend lines to the right edge of the chart 2. Support and Resistance Zones - Creates semi-transparent zone areas around pivot points - Customizable width for better visibility of important price levels - Separate colors for support (lows) and resistance (highs) - Visual representation of price areas rather than just single lines 3. Zig Zag Lines - Separate colors for upward and downward ZigZag movements - Visually distinguishes between bullish and bearish price swings - Customizable colors for text - Width customization 4. Enhanced Settings Structure - Added new fields to the Settings type to support the additional features - Extended Pivot type with supportResistance and supportResistanceZone fields - Comprehensive configuration options for visual elements These enhancements make the ZigZag more useful for technical analysis by clearly highlighting support/resistance levels and zones, and providing clearer visual cues about market direction. █ Technical Implementation This library leverages Pine Script™'s user-defined types (UDTs) to create a robust object-oriented architecture: - Settings : Stores configuration parameters for calculation and display - Pivot : Represents pivot points with their visual elements and properties - ZigZag : Manages the overall state and behavior of the indicator The implementation follows best practices from the Pine Script™ User Manual's Style Guide and uses advanced language features like methods and object references. These UDTs represent Pine Script™'s most advanced feature set, enabling sophisticated data structures and improved code organization. For newcomers to Pine Script™, it's recommended to understand the language fundamentals before working with the UDT implementation in this library. █ Usage Example //@version=6 indicator("ZigZag Example", overlay = true, shorttitle = 'ZZA', max_bars_back = 5000, max_lines_count = 500, max_labels_count = 500, max_boxes_count = 500) import andre_007/ZigZag/1 as ZIG var group_1 = "ZigZag Settings" //@variable Draw Zig Zag on the chart. bool showZigZag = input.bool(true, "Show Zig-Zag Lines", group = group_1, tooltip = "If checked, the Zig Zag will be drawn on the chart.", inline = "1") // @variable The deviation percentage from the last local high or low required to form a new Zig Zag point. float deviationInput = input.float(5.0, "Deviation (%)", minval = 0.00001, maxval = 100.0, tooltip = "The minimum percentage deviation from a previous pivot point required to change the Zig Zag's direction.", group = group_1, inline = "2") // @variable The number of bars required for pivot detection. int depthInput = input.int(10, "Depth", minval = 1, tooltip = "The number of bars required for pivot point detection.", group = group_1, inline = "3") // @variable registerPivot (series bool) Optional. If `true`, the function compares a detected pivot // point's coordinates to the latest `Pivot` object's `end` chart point, then // updates the latest `Pivot` instance or adds a new instance to the `ZigZag` // object's `pivots` array. If `false`, it does not modify the `ZigZag` object's // data. The default is `true`. bool allowZigZagOnOneBarInput = input.bool(true, "Allow Zig Zag on One Bar", tooltip = "If checked, the Zig Zag calculation can register a pivot high and pivot low on the same bar.", group = group_1, inline = "allowZigZagOnOneBar") var group_2 = "Display Settings" // @variable The color of the Zig Zag's lines (up). color lineColorUpInput = input.color(color.green, "Line Colors for Up/Down", group = group_2, inline = "4") // @variable The color of the Zig Zag's lines (down). color lineColorDownInput = input.color(color.red, "", group = group_2, inline = "4", tooltip = "The color of the Zig Zag's lines") // @variable The width of the Zig Zag's lines. int lineWidthInput = input.int(1, "Line Width", minval = 1, tooltip = "The width of the Zig Zag's lines.", group = group_2, inline = "w") // @variable If `true`, the Zig Zag will also display a line connecting the last known pivot to the current `close`. bool extendInput = input.bool(true, "Extend to Last Bar", tooltip = "If checked, the last pivot will be connected to the current close.", group = group_1, inline = "5") // @variable If `true`, the pivot labels will display their price values. bool showPriceInput = input.bool(true, "Display Reversal Price", tooltip = "If checked, the pivot labels will display their price values.", group = group_2, inline = "6") // @variable If `true`, each pivot label will display the volume accumulated since the previous pivot. bool showVolInput = input.bool(true, "Display Cumulative Volume", tooltip = "If checked, the pivot labels will display the volume accumulated since the previous pivot.", group = group_2, inline = "7") // @variable If `true`, each pivot label will display the change in price from the previous pivot. bool showChgInput = input.bool(true, "Display Reversal Price Change", tooltip = "If checked, the pivot labels will display the change in price from the previous pivot.", group = group_2, inline = "8") // @variable Controls whether the labels show price changes as raw values or percentages when `showChgInput` is `true`. string priceDiffInput = input.string("Absolute", "", options = , tooltip = "Controls whether the labels show price changes as raw values or percentages when 'Display Reversal Price Change' is checked.", group = group_2, inline = "8") // @variable If `true`, the Zig Zag will display support and resistance lines. bool showSupportResistanceInput = input.bool(true, "Show Support/Resistance Lines", tooltip = "If checked, the Zig Zag will display support and resistance lines.", group = group_2, inline = "9") // @variable The number of bars to extend the support and resistance lines from the last pivot point. int supportResistanceOffsetInput = input.int(50, "Support/Resistance Offset", minval = 0, tooltip = "The number of bars to extend the support and resistance lines from the last pivot point.", group = group_2, inline = "10") // @variable The width of the support and resistance lines. int supportResistanceWidthInput = input.int(1, "Support/Resistance Width", minval = 1, tooltip = "The width of the support and resistance lines.", group = group_2, inline = "11") // @variable The color of the support lines. color supportColorInput = input.color(color.red, "Support/Resistance Color", group = group_2, inline = "12") // @variable The color of the resistance lines. color resistanceColorInput = input.color(color.green, "", group = group_2, inline = "12", tooltip = "The color of the support/resistance lines.") // @variable If `true`, the support and resistance lines will be drawn as zones. bool showSupportResistanceZoneInput = input.bool(true, "Show Support/Resistance Zones", tooltip = "If checked, the support and resistance lines will be drawn as zones.", group = group_2, inline = "12-1") // @variable The color of the support zones. color supportZoneColorInput = input.color(color.new(color.red, 70), "Support Zone Color", group = group_2, inline = "12-2") // @variable The color of the resistance zones. color resistanceZoneColorInput = input.color(color.new(color.green, 70), "", group = group_2, inline = "12-2", tooltip = "The color of the support/resistance zones.") // @variable The width of the support and resistance zones. int supportResistanceZoneWidthInput = input.int(10, "Support/Resistance Zone Width", minval = 1, tooltip = "The width of the support and resistance zones.", group = group_2, inline = "12-3") // @variable If `true`, the support and resistance lines will extend to the right of the chart. bool supportResistanceExtendInput = input.bool(false, "Extend to Right", tooltip = "If checked, the lines will extend to the right of the chart.", group = group_2, inline = "13") // @variable References a `Settings` instance that defines the `ZigZag` object's calculation and display properties. var ZIG.Settings settings = ZIG.Settings.new( devThreshold = deviationInput, depth = depthInput, lineColorUp = lineColorUpInput, lineColorDown = lineColorDownInput, textUpColor = lineColorUpInput, textDownColor = lineColorDownInput, lineWidth = lineWidthInput, extendLast = extendInput, displayReversalPrice = showPriceInput, displayCumulativeVolume = showVolInput, displayReversalPriceChange = showChgInput, differencePriceMode = priceDiffInput, draw = showZigZag, allowZigZagOnOneBar = allowZigZagOnOneBarInput, drawSupportResistance = showSupportResistanceInput, supportResistanceOffset = supportResistanceOffsetInput, supportResistanceWidth = supportResistanceWidthInput, supportColor = supportColorInput, resistanceColor = resistanceColorInput, supportResistanceExtend = supportResistanceExtendInput, supportResistanceZoneWidth = supportResistanceZoneWidthInput, drawSupportResistanceZone = showSupportResistanceZoneInput, supportZoneColor = supportZoneColorInput, resistanceZoneColor = resistanceZoneColorInput ) // @variable References a `ZigZag` object created using the `settings`. var ZIG.ZigZag zigZag = ZIG.newInstance(settings) // Update the `zigZag` on every bar. zigZag.update() //#endregion The example code demonstrates how to create a ZigZag indicator with customizable settings. It: 1. Creates a Settings object with user-defined parameters 2. Instantiates a ZigZag object using these settings 3. Updates the ZigZag on each bar to detect new pivot points 4. Automatically draws lines and labels when pivots are detected This approach provides maximum flexibility while maintaining readability and ease of use.
Pine Script® library
by andre_007
12
ICT & RTM Price Action IndicatorICT & RTM Price Action Indicator Unlock the power of precision trading with this cutting-edge indicator blending ICT (Inner Circle Trader) concepts and RTM (Reversal Trend Momentum) strategies. Designed for traders who demand clarity in chaotic markets, this tool pinpoints high-probability buy and sell signals with surgical accuracy. What It Offers: Smart Supply & Demand Zones: Instantly spot key levels where the market is likely to reverse or consolidate, derived from a 50-period high/low analysis. Filtered Reversal Signals: Say goodbye to fakeouts! Signals are confirmed with volume spikes (1.5x average) and a follow-through candle, ensuring you trade only the strongest moves. Trend-Aware Logic: Built on a customizable SMA (default 14), it aligns reversals with momentum for trades that stick. One-Signal Discipline: No clutter—only the first valid signal appears until an opposing setup triggers, keeping your chart clean and your focus sharp. Combined Power: A unique "TRADE" signal merges ICT zones with RTM reversals for setups with double the conviction. Why You’ll Love It: Whether you’re scalping intraday or hunting swing trades, this indicator adapts to your style. It’s not just another tool—it’s your edge in decoding price action like a pro. Test it, tweak it, and watch your trading transform.
Pine Script® indicator
by behradmojtahedi