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"Clean Market Structure & Trend Confirmation" Clean Market Structure & Trend Confirmation is a high-probability Market Structure and Trend Confirmation indicator trading system designed specifically for SPY and QQQ. It combines trend structure, multi-timeframe confirmation, momentum gating, and market-state filtering to deliver clean, disciplined BUY and SELL signals — without noise, chop, or over-trading. This script is built for traders who want clarity first, execution second.
Pine Script® indicator
by webemoon
2
PDH/PDL + Alerts + Liquidity Sweep ReversalThis indicator is designed for traders who utilize Price Action to identify high-probability reversal zones at daily liquidity levels. It automatically plots the Previous Day High (PDH) and Previous Day Low (PDL) and monitors them for institutional "fake-outs" or liquidity sweeps. Core Functionality Daily Liquidity Levels: Automatically fetches and plots the PDH and PDL with custom labels and line styles. Strict Reversal Logic: Unlike standard breakout indicators, this script looks for specific "trap" behavior where price pierces a level and is immediately rejected. Institutional Precision Tooltips: Includes built-in precision guides for Wick Percentages and Lookback counts based on professional trading standards. The "Strict Reversal" Setup The indicator only triggers a Buy/Sell label when three specific criteria are met: The Lookback: The level must have been respected as a boundary for a user-defined number of candles (Default: 7), confirming its strength. The Sequence: The candle must open on the "safe" side of the level, pierce through it to grab liquidity, and then close back on the original side. The Rejection (Wick %): The candle must leave a significant wick (Default: 72%). This 72% threshold aligns with the 2.5x Wick-to-Body ratio, signaling a violent institutional rejection. Alert Options The script features four consolidated alert conditions for seamless automation: Sell Signal (Rejection): Triggers on strict bearish wick sweeps at key levels. Buy Signal (Rejection): Triggers on strict bullish wick sweeps at key levels. Price Cross Up: Alerts when price breaks above either PDH or PDL. Price Cross Down: Alerts when price breaks below either PDH or PDL. How to Use Scalping: Use a 3–5 candle lookback on the 1m or 5m timeframe. Intraday Reversals: Use the 7–10 candle lookback on the 5m or 15m timeframe for standard SMC setups. Swing Trading: Use the 15+ candle lookback on the 1h or 4h timeframe to target major daily liquidity pools.
Pine Script® indicator
by rushishikhare50
[iQ] PRO Composite Four X Four+👑 PRO Composite FourXFour+ The Ultimate Fusion of Multi-Dimensional Market Analysis and Adaptive Digital Filtering PRO Composite FourXFour+ is a pioneering, institutional-grade analytical tool designed to provide traders with a deep, multi-layered perspective on market structure and trend health. It transcends conventional indicators by synthesizing four critical market dimensions into a single, cohesive composite signal, which is then subjected to a proprietary, noise-reduction process rooted in advanced digital signal processing. This indicator is built on two core components: 1. The Four-Dimensional Ribbon Composite The indicator begins by calculating four independent analytical "ribbons," each measuring a distinct facet of market energy. These four dimensions—Time, Price, Volume, and Momentum—are aggregated to form the raw Composite Ribbon. Time & Price Dynamics: These ribbons capture the localized rate-of-change across different time and price contexts, utilizing proprietary scaling factors (Time Multiplier and Price Multiplier) to adapt the lookback period and enhance signal quality. Enhanced Volume Analysis: The volume ribbon employs a sophisticated, signed-volume logic to not only measure the magnitude of activity but also to assess the underlying net buying or selling pressure. This input is crucial and can be leveraged to dynamically weight the final composite. Momentum Signature: A normalized momentum component is included to track the velocity of price change, providing an essential forward-looking element to the composite. The resulting Composite Ribbon is a powerful representation of the market's instantaneous, all-encompassing energy, providing a raw measure of directional pressure. 2. Adaptive Weighted Discrete Fourier Transform (WDFT) The true innovation of PRO Composite FourXFour+ lies in its use of a highly customized Weighted Discrete Fourier Transform (WDFT) and spectral processing logic. The raw, noisy Composite Ribbon signal is fed into this engine to extract the underlying, persistent trend component while simultaneously suppressing random market noise. Adaptive Weighting: Unlike a standard Fourier Transform, the WDFT is weighted by a factor derived from the market's relative volume (controlled by the Use Volume for WDFT Weighting setting). This mechanism allows the digital filter to become adaptive, prioritizing data points where trading activity is strongest, ensuring the resulting signal is more robust in high-conviction periods. Spectral Gating: The engine applies a proprietary Spectral Gate Threshold on the frequency spectrum of the composite signal. This process is analogous to advanced noise-reduction techniques, allowing the indicator to isolate the most relevant, dominant market cycles and eliminate high-frequency noise that often leads to false signals. Filtered Trend Output: The inverse transform generates the Filtered Transform line. This line represents the underlying, true trend and is highly resistant to whipsaws and market choppiness. Visualization & Signal Generation The indicator is visualized through two primary elements and a dynamic summary dashboard: Trend Cloud: A dynamic area fill between the raw Composite Ribbon and the smoothed Filtered Transform highlights periods of market conviction versus consolidation. The color of this cloud visually represents the dominant directional force. FourxFour Matrix: A dedicated dashboard provides a real-time, concise summary of the directional status of the Time, Price, Volume, and WDFT components, offering an immediate, high-level view of the market’s state. PRO Composite FourXFour+ provides a unique, noise-filtered, and multi-factor trend signal that is ideal for high-precision trade execution and risk management across all asset classes. Inputs & Customization: Ribbon Settings: Fine-tune the sensitivity of the time, price, and volume components to match your trading style and the specific asset. Fourier Transform Settings: Adjust the Transform Length and the proprietary Spectral Gate Threshold (k) to control the balance between responsiveness and smoothness of the filtered trend. Volume Logic: Control the influence of volume on the adaptive weighting of the core filtering mechanism. Note: This is a sophisticated, proprietary analytical tool. The source code is protected and access may be restricted to invite-only or premium subscribers.
Pine Script® indicator
by MarketMakerlQ
Context Bundle | VWAP / EMA / Session HighLow (v6) 📌 0DTE Context Bundle (v6) **VWAP • EMA Cloud • Session High/Low (NY / London / Asia) The **0DTE Context Bundle** is a *decision-making overlay*, not a signal spam indicator. It’s designed to help traders clearly see **value, trend, and liquidity levels** across **New York, London, and Asia sessions** — all in one clean, customizable tool. Built for **NQ, ES, Gold, and FX pairs**, with a focus on **5–15-minute execution charts**. --- ## 🔹 What This Indicator Shows ### ✅ VWAP + ATR Bands * Session VWAP (fair value) * ATR-based extension bands (1x / 2x) * Helps identify **overextension, mean reversion zones, and trend pullbacks** ### ✅ EMA 9 / 21 Cloud * Visual trend and momentum filter * Custom colors + opacity * Identifies **trend continuation vs chop** ### ✅ Session High / Low Levels * **New York RTH** * **London** * **Asia (midnight-safe)** * Optional previous session highs/lows * Adjustable line styles, widths, colors, and extensions ### ✅ Anchored VWAP (Optional) * Reset by: * Daily * NY session start * London session start * Asia session start * Useful for tracking **session-specific value shifts** --- ## 🔹 How Traders Use It This indicator is meant to answer: * *Are we trading at value or extension?* * *Is the market trending or rotating?* * *Where is liquidity likely sitting right now?* Common use cases: * Trend pullbacks into VWAP or EMA cloud * Reversal setups at session highs/lows * Session breakout + retest confirmation * Overnight context for London and Asia sessions --- ## 🔹 Customization & Flexibility Every component can be toggled and styled: * Colors, widths, line styles * Cloud up/down colors + opacity * Session visibility and extensions * VWAP band multipliers and ATR length Members can adapt it to **their own style**, market, and timeframe. --- ## ⚠️ Disclaimer This indicator is provided for **educational and informational purposes only**. It does **not** provide financial advice or trade signals. Always manage risk and confirm entries with your own strategy.
Pine Script® indicator
by TradeswithB
True Three Soldiers Method (TTSM) - Breakout ConfirmationIndicator Overview True Three Soldiers Method (TTSM) - Made in China is a quantifiable evolution beyond traditional candlestick pattern recognition. It replaces subjective visual analysis with an objective, data-driven momentum system featuring smart breakout confirmation. Core Innovation: Beyond Traditional Pattern Recognition Traditional three-soldier patterns merely check for three consecutive bullish/bearish candles. TTSM goes much deeper: Dual Signal System: It identifies both single-candle and three-candle momentum signals, providing earlier warnings of potential trend changes. Quantifiable Strength Metrics: Each signal must meet customizable thresholds for both absolute price movement (percentage change) and relative efficiency (close-to-open distance relative to total range). Breakout Confirmation Logic: The real innovation lies in the "True Signal" mechanism. Preliminary signals are tracked, and only when price breaks above the highest high of recent bullish signals (or below the lowest low of recent bearish signals) does it trigger a confirmed entry signal. This eliminates false breakouts and ensures you're trading with confirmed momentum. Absolute Strength: Quantifies momentum via percentage price change. Relative Strength: Measures candlestick efficiency (close-to-open vs. total range). True Signal Validation: A "True" entry signal triggers only after price confirms momentum by breaking above/below a cluster of recent preliminary signals, filtering out false moves. Dual-Layer Signal System Key Features 🔴 Amber Signals (Preparation): Single-candle or three-candle patterns that meet strength criteria. These indicate potential momentum building and can be used for preparation or light positioning. 🟢 Green Signals (True Breakout): Triggered only when price breaks above/below the recent signal cluster extremes. These represent confirmed momentum and are ideal for main entries. 🎚 Fully Customizable: Every parameter—absolute/relative strength thresholds, lookback periods, and average calculations—can be adjusted to match your trading style and market conditions. 📊 Clear Visual Feedback: Color-coded labels and reference lines make signal identification instant and intuitive. Parameter Customization Guide All parameters are organized in intuitive groups: Strength Thresholds: Adjust absolute (%) and relative (%) strength requirements for both long and short signals. First Signal Thresholds: Special thresholds for when a signal is the first in the lookback period. Lookback & Averages: Control how many bars are considered for signal tracking and moving averages. Strategic Application Preparation Signals: Use amber signals to prepare for potential moves, set alerts, or enter with smaller positions. True Signals: Green/red "True" signals indicate confirmed momentum—ideal for main entries with proper risk management. Combination Strategy: Pair TTSM with trend indicators (like Supertrend) for higher probability trades—only take True Signals in the direction of the main trend.
Pine Script® indicator
by AI-996NB
Trend Engine ProTrend Engine Pro — Index Trend & Market Structure Framework Trend Engine Pro is an advanced, non-repainting market structure indicator designed for index traders who want clarity on trend direction, balance zones, and price behavior—not buy/sell noise. Built specifically for NIFTY & BANKNIFTY, this tool helps traders stay aligned with the dominant market context using previous-day structure, dynamic trend logic, and equilibrium-based midlines. What Trend Engine Pro Does Trend Identification Determines bullish or bearish bias using previous-day High / Low structure Uses 78.6% range logic to confirm decisive trend shifts Visual trend background for instant market context Key Price Levels Dynamic structure levels derived from previous sessions Equilibrium reference level for balance vs imbalance zones Helps identify acceptance, rejection, and compression areas Previous Trend Zones Automatically captures: Previous uptrend high Previous downtrend low Useful for: Support & resistance mapping Mean reversion context Risk planning reference Master Trend Midline Midpoint of the last completed trend range Acts as a higher-timeframe directional filter Helps avoid counter-trend bias Running Trend Midline Continuously updates during an active trend Shows trend strength, balance, and momentum health Ideal for pullback & continuation evaluation Option Context (Index Only) Optional option seller reference level derived from structure extremes Rounded strike logic for planning context For analytical reference only, not trade execution Optional Option P/L Table Manual option & hedge symbol selection Displays: Entry price Live price Running P/L Max trade P/L with timestamp Disabled by default Alerts Included Bullish trend shift alert Bearish trend shift alert (Alerts are informational and based on confirmed structure changes) Who This Indicator Is For NIFTY & BANKNIFTY traders Intraday & positional traders Option sellers seeking market context Traders who prefer structure over signals Users who value non-repainting logic What Trend Engine Pro Does NOT Do No buy/sell signals No automated trading No profit guarantees No repainting Disclaimer This indicator is for educational and analytical purposes only. It does not provide trading or investment advice. I am not a SEBI registered investment advisor. Trading involves risk. Use this tool at your own discretion. Best Usage Tip Trend Engine Pro works best when used to: Align trades with dominant trend Avoid trades near equilibrium zones Combine with your own entry and risk management logic
Pine Script® indicator
by Saravanan_Ragavan
Momentum Quality Index (MQI) Welcome to the Momentum Quality Index! This indicator aims to provide insight into short term trends by measuring the efficiency of price movement relative to the momentum of the trend. This indicator is designed to work better on short term time frames, capturing the micro-level of trends for practices such as day-trading, options trading, and shorter term swing trading. How to read: The main way of reading this indicator is through moving average crossovers. Upwards crossovers indicates uptrends whereas downwards crossovers indicates downtrends. Customization: This indicator includes a few adjustable options for fine tuning, such as optimized smoothing options and moving average length for efficiency in spotting reversals.
Pine Script® indicator
by tradequam
Ultimate Pattern Match FinderUltimate Pattern Match Finder - Introduction 🎯 Your Ultimate Pattern Match Finder is a sophisticated technical analysis indicator that identifies historical price patterns similar to the current market structure and projects potential future price movement based on those matches. 📊✨ Professional-Grade Trading Intelligence 💼 This indicator represents an institutional-quality pattern recognition system designed for serious traders who demand statistical rigor and data-driven decision-making. The multi-layered correlation engine and advanced projection methodology deliver enterprise-level technical analysis directly to your trading platform, transforming raw historical data into actionable market intelligence with quantifiable confidence metrics. 📈⚡ Core Functionality 🔍 The indicator scans through historical price data (up to 7000 bars) looking for patterns that closely resemble the most recent price action. When it finds matching patterns, it overlays them on your current chart and projects what happened next in those historical instances—giving you a data-driven forecast of potential future price movement. 🎯📈 Key Features ⚡ Pattern Recognition Engine 🧠 - Uses three normalization methods (Percent-from-start, Returns, Z-Score) to compare price patterns regardless of their absolute price levels. This allows patterns from different price ranges to be compared effectively. Correlation & Distance Controls 🎚️ - You can set minimum correlation thresholds (default 75%) and maximum distance thresholds to filter matches. Only high-quality matches that meet your criteria are displayed, preventing false signals. ✅ Trend Direction Filter (Same Condition) 📈📉 - The standout "⭐ SAME CONDITION" feature ensures matches share the same trend direction (UP/DOWN/SIDEWAYS) as your current pattern. This prevents comparing bullish setups to bearish ones, significantly improving forecast relevance. Advanced Matching Options 🔬 - Includes volume weighting to prioritize matches with similar volume profiles and shape matching to compare trend slope and volatility patterns. Highly Developed Projection System 🚀🔮 - The crown jewel of this indicator is its sophisticated multi-match projection engine. Instead of relying on a single historical match, it intelligently aggregates the top N matches (up to 10) to create statistical projections. The system displays matched historical candles as semi-transparent teal overlays 📊, then projects future candles in lime/orange colors 🟢🟠 based on what happened after those historical patterns. Each projected candle represents the averaged behavior of multiple high-correlation matches, providing robust, probability-weighted forecasts rather than single-instance predictions. You have full control over projection length (up to 100 bars) and transparency levels for both overlays and projections. 💎 Smart Alerts 🚨 - When no matches meet your thresholds, the indicator displays a "❌ NO MATCH FOUND" alert with suggestions for adjusting your settings, preventing you from acting on weak patterns. The alert even shows how many patterns were filtered out by the trend direction requirement. ⚠️ Rich Visual Feedback 🎨 - The indicator provides a detailed info table showing match quality, correlation percentage (with color-coded ratings), trend comparison with emojis (📈 UP, 📉 DOWN, ➡️ SIDEWAYS), and actionable quality ratings (Excellent 🔥, Very Good ✅, Good 👍, Fair ⚠️). This tool transforms historical pattern analysis into actionable trading intelligence by showing you not just what patterns match, but what happened next with statistical confidence. 💪🎯 Special Thanks 🙏 A heartfelt thank you to TradingView for providing the powerful Pine Script framework and world-class charting platform that makes advanced indicators like this possible. Their commitment to empowering traders with professional tools and an innovative development environment continues to push the boundaries of what retail traders can achieve. 💙📊 ©️ Created by abo0o - All Rights Reserved 📬 Get Access DM me for access to the Ultimate Pattern Match Finder! I'm happy to answer any questions you have about the indicator, setup, or optimization for your trading style. Whether you need guidance on parameter settings, strategy integration, or technical support—feel free to reach out! 😊✨
Pine Script® indicator
by abo0o
2
Volatility Targeting: Single Asset [BackQuant]Volatility Targeting: Single Asset An educational example that demonstrates how volatility targeting can scale exposure up or down on one symbol, then applies a simple EMA cross for long or short direction and a higher timeframe style regime filter to gate risk. It builds a synthetic equity curve and compares it to buy and hold and a benchmark. Important disclaimer This script is a concept and education example only . It is not a complete trading system and it is not meant for live execution. It does not model many real world constraints, and its equity curve is only a simplified simulation. If you want to trade any idea like this, you need a proper strategy() implementation, realistic execution assumptions, and robust backtesting with out of sample validation. Single asset vs the full portfolio concept This indicator is the single asset, long short version of the broader volatility targeted momentum portfolio concept. The original multi asset concept and full portfolio implementation is here: That portfolio script is about allocating across multiple assets with a portfolio view. This script is intentionally simpler and focuses on one symbol so you can clearly see how volatility targeting behaves, how the scaling interacts with trend direction, and what an equity curve comparison looks like. What this indicator is trying to demonstrate Volatility targeting is a risk scaling framework. The core idea is simple: If realized volatility is low relative to a target, you can scale position size up so the strategy behaves like it has a stable risk budget. If realized volatility is high relative to a target, you scale down to avoid getting blown around by the market. Instead of always being 1x long or 1x short, exposure becomes dynamic. This is often used in risk parity style systems, trend following overlays, and volatility controlled products. This script combines that risk scaling with a simple trend direction model: Fast and slow EMA cross determines whether the strategy is long or short. A second, longer EMA cross acts as a regime filter that decides whether the system is ACTIVE or effectively in CASH. An equity curve is built from the scaled returns so you can visualize how the framework behaves across regimes. How the logic works step by step 1) Returns and simple momentum The script uses log returns for the base return stream: ret = log(price / price ) It also computes a simple momentum value: mom = price / price - 1 In this version, momentum is mainly informational since the directional signal is the EMA cross. The lookback input is shared with volatility estimation to keep the concept compact. 2) Realized volatility estimation Realized volatility is estimated as the standard deviation of returns over the lookback window, then annualized: vol = stdev(ret, lookback) * sqrt(tradingdays) The Trading Days/Year input controls annualization: 252 is typical for traditional markets. 365 is typical for crypto since it trades daily. 3) Volatility targeting multiplier Once realized vol is estimated, the script computes a scaling factor that tries to push realized volatility toward the target: volMult = targetVol / vol This is then clamped into a reasonable range: Minimum 0.1 so exposure never goes to zero just because vol spikes. Maximum 5.0 so exposure is not allowed to lever infinitely during ultra low volatility periods. This clamp is one of the most important “sanity rails” in any volatility targeted system. Without it, very low volatility regimes can create unrealistic leverage. 4) Scaled return stream The per bar return used for the equity curve is the raw return multiplied by the volatility multiplier: sr = ret * volMult Think of this as the return you would have earned if you scaled exposure to match the volatility budget. 5) Long short direction via EMA cross Direction is determined by a fast and slow EMA cross on price: If fast EMA is above slow EMA, direction is long. If fast EMA is below slow EMA, direction is short. This produces dir as either +1 or -1. The scaled return stream is then signed by direction: avgRet = dir * sr So the strategy return is volatility targeted and directionally flipped depending on trend. 6) Regime filter: ACTIVE vs CASH A second EMA pair acts as a top level regime filter: If fast regime EMA is above slow regime EMA, the system is ACTIVE. If fast regime EMA is below slow regime EMA, the system is considered CASH, meaning it does not compound equity. This is designed to reduce participation in long bear phases or low quality environments, depending on how you set the regime lengths. By default it is a classic 50 and 200 EMA cross structure. Important detail, the script applies regime_filter when compounding equity, meaning it uses the prior bar regime state to avoid ambiguous same bar updates. 7) Equity curve construction The script builds a synthetic equity curve starting from Initial Capital after Start Date . Each bar: If regime was ACTIVE on the previous bar, equity compounds by (1 + netRet). If regime was CASH, equity stays flat. Fees are modeled very simply as a per bar penalty on returns: netRet = avgRet - (fee_rate * avgRet) This is not realistic execution modeling, it is just a simple turnover penalty knob to show how friction can reduce compounded performance. Real backtesting should model trade based costs, spreads, funding, and slippage. Benchmark and buy and hold comparison The script pulls a benchmark symbol via request.security and builds a buy and hold equity curve starting from the same date and initial capital. The buy and hold curve is based on benchmark price appreciation, not the strategy’s asset price, so you can compare: Strategy equity on the chart symbol. Buy and hold equity for the selected benchmark instrument. By default the benchmark is TVC:SPX, but you can set it to anything, for crypto you might set it to BTC, or a sector index, or a dominance proxy depending on your study. What it plots If enabled, the indicator plots: Strategy Equity as a line, colored by recent direction of equity change, using Positive Equity Color and Negative Equity Color . Buy and Hold Equity for the chosen benchmark as a line. Optional labels that tag each curve on the right side of the chart. This makes it easy to visually see when volatility targeting and regime gating change the shape of the equity curve relative to a simple passive hold. Metrics table explained If Show Metrics Table is enabled, a table is built and populated with common performance statistics based on the simulated daily returns of the strategy equity curve after the start date. These include: Net Profit (%) total return relative to initial capital. Max DD (%) maximum drawdown computed from equity peaks, stored over time. Win Rate percent of positive return bars. Annual Mean Returns (% p/y) mean daily return annualized. Annual Stdev Returns (% p/y) volatility of daily returns annualized. Variance of annualized returns. Sortino Ratio annualized return divided by downside deviation, using negative return stdev. Sharpe Ratio risk adjusted return using the risk free rate input. Omega Ratio positive return sum divided by negative return sum. Gain to Pain total return sum divided by absolute loss sum. CAGR (% p/y) compounded annual growth rate based on time since start date. Portfolio Alpha (% p/y) alpha versus benchmark using beta and the benchmark mean. Portfolio Beta covariance of strategy returns with benchmark returns divided by benchmark variance. Skewness of Returns actually the script computes a conditional value based on the lower 5 percent tail of returns, so it behaves more like a simple CVaR style tail loss estimate than classic skewness. Important note, these are calculated from the synthetic equity stream in an indicator context. They are useful for concept exploration, but they are not a substitute for professional backtesting where trade timing, fills, funding, and leverage constraints are accurately represented. How to interpret the system conceptually Vol targeting effect When volatility rises, volMult falls, so the strategy de risks and the equity curve typically becomes smoother. When volatility compresses, volMult rises, so the system takes more exposure and tries to maintain a stable risk budget. This is why volatility targeting is often used as a “risk equalizer”, it can reduce the “biggest drawdowns happen only because vol expanded” problem, at the cost of potentially under participating in explosive upside if volatility rises during a trend. Long short directional effect Because direction is an EMA cross: In strong trends, the direction stays stable and the scaled return stream compounds in that trend direction. In choppy ranges, the EMA cross can flip and create whipsaws, which is where fees and regime filtering matter most. Regime filter effect The 50 and 200 style filter tries to: Keep the system active in sustained up regimes. Reduce exposure during long down regimes or extended weakness. It will always be late at turning points, by design. It is a slow filter meant to reduce deep participation, not to catch bottoms. Common applications This script is mainly for understanding and research, but conceptually, volatility targeting overlays are used for: Risk budgeting normalize risk so your exposure is not accidentally huge in high vol regimes. System comparison see how a simple trend model behaves with and without vol scaling. Parameter exploration test how target volatility, lookback length, and regime lengths change the shape of equity and drawdowns. Framework building as a reference blueprint before implementing a proper strategy() version with trade based execution logic. Tuning guidance Lookback lower values react faster to vol shifts but can create unstable scaling, higher values smooth scaling but react slower to regime changes. Target volatility higher targets increase exposure and drawdown potential, lower targets reduce exposure and usually lower drawdowns, but can under perform in strong trends. Signal EMAs tighter EMAs increase trade frequency, wider EMAs reduce churn but react slower. Regime EMAs slower regime filters reduce false toggles but will miss early trend transitions. Fees if you crank this up you will see how sensitive higher turnover parameter sets are to friction. Final note This is a compact educational demonstration of a volatility targeted, long short single asset framework with a regime gate and a synthetic equity curve. If you want a production ready implementation, the correct next step is to convert this concept into a strategy() script, add realistic execution and cost modeling, test across multiple timeframes and market regimes, and validate out of sample before making any decision based on the results.
Pine Script® indicator
by BackQuant
1
QM Level Detector by RWBTradeLabQM Level Detector by RWBTradeLab A clean, non-repainting QM level detector built for traders who track structure shifts and level-break sequences using confirmed candles only. What this indicator does This script detects and marks QM Levels based on a strict, rule-based sequence using closed candles only (no running-bar signals). It identifies two types of QM: Buy QM A Buy QM is confirmed when the following sequence completes in order: * V Level is detected. * That V Level is broken down by a red candle close below the V Level price. * After that breakdown, the most recent A Level (formed before the breakdown) is identified. * When that A Level is later broken out by a green candle close above the A Level price, the original V Level becomes a Buy QM Level . Sell QM A Sell QM is confirmed when the opposite sequence completes in order: * A Level is detected. * That A Level is broken out by a green candle close above the A Level price. * After that breakout, the most recent V Level (formed before the breakout) is identified. * When that V Level is later broken down by a red candle close below the V Level price, the original A Level becomes a Sell QM Level . Visuals on chart * A horizontal ray (right-extended) is drawn at the confirmed QM price level. * Label distance is adjustable via Text Offset (ticks). Alerts Built-in alerts trigger only on candle close when a QM is confirmed: * Buy QM * Sell QM Each alert is designed for reliable automation without repainting. Key settings * Candle Length (closed candles): Scans the last N closed bars (running candle excluded). * Buy QM / Sell QM toggles: Show or hide each type. * Text toggle: Show or hide labels. * QM Line Color and Text Offset (ticks) customization. Non-repainting confirmation All detection, marking, and alerts are based on confirmed candles only. No running-bar conditions → no repainting . Disclaimer This indicator is a level-detection tool, not financial advice. Trading involves risk—always use proper risk management and confirm signals with your own analysis. Creator: RWBTradeLab If you find this useful, please leave a like ⭐ and share your feedback.
Pine Script® indicator
by RWBTradeLab
See Where The Banks Are Hunting: Liquidity X-Ray[@Ash_TheTrader]# 🛑 Stop Being "Liquidity." Start Seeing the Trap. ### Introducing: **Liquidity X-Ray ** How many times have you placed your stop-loss just below a perfect support level, only to watch a single candle wick down, trigger your stop, and immediately reverse toward your original target? You weren't unlucky. You were targeted. Welcome to the world of Smart Money Concepts (SMC). In the institutional game, your stop loss isn't protection—it's fuel. The market makers need liquidity to fill huge orders, and they find it clustered at obvious swing highs and lows. I developed the **Liquidity X-Ray** to stop guessing where these traps are laid. This isn't just another support and resistance tool; it’s a dynamic, living heatmap of market psychology. --- ### 🧠 The Philosophy: The "Time-Decay" Algorithm Standard indicators draw static lines that clutter your chart. The **Liquidity X-Ray** is different. It understands that *time* is a crucial factor in building liquidity pressure. I have engineered a unique **Time-Decay Intensity** feature into this script. It visualizes the density of resting orders based on how long a level has remained untouched. #### The Visual Language: * **👻 The Ghosts (New Zones):** When a new swing high or low forms, a faint, transparent zone appears. It’s watching. * **💡 The Neon Traps (Mature Zones):** As time passes and price fails to revisit that level, the zone solidifies. It becomes brighter, more opaque, and intensely neon. **This is your signal.** A bright neon zone means a massive pile of retail stop-losses has accumulated there. The Banks *need* to visit it. * **💥 The Sweep Explosion:** When price finally pushes into a mature zone, the script detects the "Liquidity Grab." The box flashes bright white, cuts off immediately, and prints a **💥 LIQ GRAB** label on your chart. The trap has been sprung. --- ### ⚙️ Key Features & Cyberpunk Aesthetics This tool is designed to look incredible on dark charts while providing institutional-grade data. * **Dynamic Buyside/Sellside Heatmaps:** Clear visual distinction between where shorts are trapped (Neon Red/Pink) and where longs are trapped (Neon Cyan). * **Smart Memory Management:** The script intelligently manages old zones to ensure your chart *never* lags, regardless of the timeframe. * **Volume Filtering (Optional):** You can choose to only plot zones formed on high-volume pivot points, ensuring you are only watching significant market structures. * **Instant Alerts:** Set alerts for the "Sweep Explosion" so you never miss a major reversal setup. --- ### 🎯 How to Trade the X-Ray **Do NOT trade the breakout of these zones.** These are traps. 1. **Identify the Target:** Look for the oldest, brightest, most solid neon zones on your timeframe (H1 and H4 are powerful). 2. **Wait for the Hunt:** Be patient. Let price aggressively move toward the zone. 3. **The Explosion:** Wait for the candle to wick into the zone and trigger the **💥 LIQ GRAB** visual. 4. **The Reversal Entry:** Once the liquidity is taken, look for lower timeframe confirmation (like a Change of Character or engulfing candle) in the *opposite* direction. You are now trading *with* the smart money recovery, not *against* their stop hunt. --- ### Author's Note Trading is about information asymmetry. The institutions have seen your stops for decades. It’s time you started seeing where they are hunting. Trade smart, stay safe. — **@Ash_TheTrader**
Pine Script® indicator
by Ash_TheTrader
SnR Key Level Detector by RWBTradeLabSnR Key Level Detector by RWBTradeLab A clean, non-repainting key level detector built for price action traders who want clear, fixed Support/Resistance reference levels with breakout upgrades and alerts. What this indicator does This script automatically detects and draws 6 types of SnR key levels using CLOSED candles only (no running-candle logic): 1. Base Key Levels (from 2-candle sequences) * A Level: Green → Red (Level = 1st Green candle Close) * V Level: Red → Green (Level = 1st Red candle Close) * Bullish Gap Level: Green → Green (Level = 1st Green candle Close) * Bearish Gap Level: Red → Red (Level = 1st Red candle Close) 2. Breakout Upgrade Levels * RBS (Resistance → Support): When a Green candle CLOSE breaks above an A Level or Bearish Gap Level * SBR (Support → Resistance): When a Red candle CLOSE breaks below a V Level or Bullish Gap Level Visuals on chart * Each detected level is drawn as a horizontal Ray extended to the right. * Optional text labels are placed above/below the level based on the level type. * Adjustable “Label Offset (ticks)” to keep labels cleaner on the chart. Alerts (bar-close only) Built-in alerts trigger only when a candle is CONFIRMED: * A Level * V Level * Bullish Gap * Bearish Gap * SBR * RBS Each alert includes price and time in the message. Key settings * Candle Length (closed candles): Scans last N closed candles (running candle excluded). * On/Off toggles: Enable/disable each level type and text labels individually. * Label Offset (ticks): Controls the label distance from the level line. Non-repainting confirmation All levels and alerts are calculated on confirmed bars only. No repainting, no running-bar signals. Best use Works on any market and timeframe. For higher reliability, combine with: * Higher timeframe structure * Supply & Demand zones * Trend context and liquidity sweeps Disclaimer: This indicator is a level-detection tool, not financial advice. Trading involves risk; always use proper risk management and confirm levels with your own analysis. Creator: RWBTradeLab If you find this useful, please leave a like ⭐ and share your feedback.
Pine Script® indicator
by RWBTradeLab
FVG vertical Created by Alphaomega18 🎯 What is an FVG (Fair Value Gap)? A Fair Value Gap is a price imbalance created by a mismatch between buyers and sellers, formed by 3 consecutive candles where: Bullish FVG: The low of the current candle is above the high of the candle 2 periods ago Bearish FVG: The high of the current candle is below the low of the candle 2 periods ago ⚙️ Indicator Settings Display Group: Show Bullish vertical FVG: Display bullish vertical FVGs (green) ✅ Show Bearish vertical FVG: Display bearish vertical FVGs (red) ✅ Box Extension (bars): Zone extension duration (1-50 bars, default: 10) Show Labels: Display labels with gap size 🏷️ Remove When Filled: Automatically remove filled zones ✅ 📊 Visual Elements FVG Zones: 🟢 Green = Bullish vertical FVG (potential support zone) 🔴 Red = Bearish vertical FVG (potential resistance zone) Labels: Show gap size in points Positioned at the beginning of each zone Dashboard (top right corner): Real-time count of active FVGs 🟢 = Number of bullish vertical FVGs 🔴 = Number of bearish vertical FVGs Candle Coloring: Light green background = Candle forming a bullish vertical FVG Light red background = Candle forming a bearish vertical FVG 🎯 How to Use the Indicator 1. Installation: Open TradingView Click "Indicators" at the top of the chart Search for "FVG Clean" or paste the code in the Pine Editor 2. Trading Strategies: Support/Resistance: Bullish vertical FVGs act as support zones Bearish vertical FVGs act as resistance zones Price tends to return to "fill" these gaps Position Entries: Long: Wait for a return to a bullish vertical FVG + confirmation Short: Wait for a return to a bearish vertical FVG + confirmation Position Management: Place stops below/above FVGs Use FVGs as price targets A filled FVG loses its validity 🔔 Alerts The indicator includes 2 configurable alert types: Bullish vertical FVG: Triggers when a new bullish vertical FVG forms Bearish vertical FVG: Triggers when a new bearish vertical FVG forms To configure: Right-click on chart → "Add Alert" → Select desired alert 💡 Usage Tips ✅ Do: Combine with other indicators (volume, momentum) Wait for confirmation before entering Use across multiple timeframes Respect your risk management ❌ Don't: Trade solely on FVGs without confirmation Ignore the overall market trend Overload your chart with too many zones 🔧 Parameter Optimization Scalping (1-5min): Box Extension: 5-10 bars Remove When Filled: Enabled Day Trading (15min-1H): Box Extension: 10-20 bars Remove When Filled: Enabled Swing Trading (4H-Daily): Box Extension: 20-50 bars Remove When Filled: As preferred 📈 Performance Maximum 100 FVGs of each type in memory Automatic removal of oldest ones Optimized to not slow down your chart Compatible with all markets and timeframes
Pine Script® indicator
by Alphaomega18
Engulfing Failed Zone Detector by RWBTradeLabEngulfing Failed Zone Detector by RWBTradeLab A clean, non-repainting tool that focuses on one thing only: showing where strong engulfing patterns failed and the market broke through their base. What this indicator does This script automatically scans for confirmed engulfing patterns (Regular & E-Regular) and then tracks where those structures are invalidated. It highlights two types of failure zones: 1. Buy Engulfing Failed * A bullish engulfing pattern forms (Regular or E-Regular). * Later, a bearish candle closes below the base low of that engulfing. * The zone from the base candle to the failure candle is marked as Buy EG Failed . 2. Sell Engulfing Failed * A bearish engulfing pattern forms (Regular or E-Regular). * Later, a bullish candle closes above the base high of that engulfing. * The zone from the base candle to the failure candle is marked as Sell EG Failed . Only the first clear failure after each engulfing is drawn, keeping the chart clean and readable. Visuals on chart 1. A rectangle (box) is drawn from the engulfing base candle to the failure candle. 2. Labels are placed automatically: * Buy EG Failed (below the zone) * Sell EG Failed (above the zone) 3. Label distance from the zone is controlled by Text Offset from Box (%). 4. Separate color controls for: * Buy Engulfing Failed Box Color * Sell Engulfing Failed Box Color The label style matches Engulfing Detector by RWBTradeLab for a consistent visual experience. Alerts Built-in alerts trigger only on confirmed bar close when a new failure completes: * Buy EG Failed * Sell EG Failed Each alert message includes: * Brand prefix: RWBTradeLab * Price * Time * Ticker Perfect for linking with bots, webhooks or alert-based trade management. Key settings Candle Length (closed candles) * Defines how many recent confirmed candles are scanned (the live bar is excluded). Display toggles * Buy Engulfing Failed * Sell Engulfing Failed * Text Turn each element ON/OFF to control how much information you want on the chart. Text Offset from Box (%) * Controls how far the label is placed from the failed zone, with a safe minimum to keep labels clear and readable. Non-repainting confirmation * All detection and alerts are based on closed candles only. * No signals from the running candle, no repaint tricks. * Once a failure zone appears, it stays fixed. Best use Failed engulfing zones can reveal: * Broken demand/supply zones * Liquidity grabs where “smart money” flushed traders out * Strong momentum shifts after a failed reversal attempt * Levels where continuation or clean retests often occur Works on any symbol and timeframe. For best results, combine with: * Higher timeframe structure * Key support/resistance or supply/demand mapping * Your own confirmation tools and risk management Disclaimer This indicator is a technical pattern-detection tool, not financial advice. Trading involves risk. Always confirm signals with your own analysis and use proper risk management. Creator: RWBTradeLab If this script adds value to your trading, please leave a ⭐ and share your feedback.
Pine Script® indicator
by RWBTradeLab
Engulfing Overlap Zone Detector by RWBTradeLabEngulfing Overlap Zone Detector by RWBTradeLab A focused, non-repainting tool that detects high-value “overlap zones” formed when one engulfing pattern fails and the opposite side immediately takes control. What this indicator does Instead of showing every engulfing pattern, this script filters out noise and highlights only Engulfing Overlap Zones: 1. It internally detects both: * Regular Engulfing (R EG) * E-Regular Engulfing (ER EG) 2. It then checks for engulfing failure: * A Sell EG fails when a bullish candle closes above its base high. * A Buy EG fails when a bearish candle closes below its base low. 3. After the failure, it looks for an opposite-side engulfing confirmation. 4. When the failed zone and the new opposite engulfing zone overlap, the script marks that region as a Buy EG Overlap or Sell EG Overlap zone. Only these premium, overlap-based structures are shown on the chart. Visuals on chart 1. Two stacked rectangles are drawn for each overlap setup: * The failed engulfing zone * The opposite confirming engulfing zone 2. Clean labels appear at the edge of the overlap: * Buy EG Overlap (bullish zone) * Sell EG Overlap (bearish zone) 3. Text distance from the zone is adjustable via Text Offset from Box (%). 4. Separate color controls for: * Buy Engulfing Overlap Box * Sell Engulfing Overlap Box Alerts Built-in alerts trigger only on confirmed bar close when a new overlap setup completes: *Buy EG Overlap *Sell EG Overlap Each alert message includes price, time and ticker, prefixed with RWBTradeLab for easier filtering and automation. Key settings 1. Candle Length (closed candles) – Defines how many recent confirmed candles are scanned (current bar is excluded). 2.Display toggles – Turn ON/OFF: * Buy Engulfing Overlap * Sell Engulfing Overlap * Text labels 3. Text Offset from Box (%) – Controls how far the label is placed from the overlap zone, with a safe minimum to keep labels readable. Non-repainting logic * All calculations use closed candles only . * No running-bar signals, no repaint tricks. * The zones and alerts reflect stable, confirmed structures. Best use This indicator is designed to help you spot: * Liquidity grabs and fake outs followed by real reversals * Strong continuation zones after a failed attempt by the opposite side * High-quality reaction areas for entries, pullbacks and retests Works on any symbol or timeframe. For best results, combine with: * Higher-timeframe market structure * Key support/resistance or supply/demand zones * Your own trade management and confirmation rules Disclaimer This script is a technical pattern-detection tool, not financial advice. Trading involves risk. Always use proper risk management and confirm signals with your own analysis. Creator: RWBTradeLab If this indicator helps your trading, please leave a ⭐ and share your feedback.
Pine Script® indicator
by RWBTradeLab
Open Interest Z-Score [BackQuant]Open Interest Z-Score A standardized pressure gauge for futures positioning that turns multi venue open interest into a Z score, so you can see how extreme current positioning is relative to its own history and where leverage is stretched, decompressing, or quietly re loading. What this is This indicator builds a single synthetic open interest series by aggregating futures OI across major derivatives venues, then standardises that aggregated OI into a rolling Z score. Instead of looking at raw OI or a simple change, you get a normalized signal that says "how many standard deviations away from normal is positioning right now", with optional smoothing, reference bands, and divergence detection against price. You can render the Z score in several plotting modes: Line for a clean, classic oscillator. Colored line that encodes both sign and momentum of OI Z. Oscillator histogram that makes impulses and compressions obvious. The script also includes: Aggregated open interest across Binance, Bybit, OKX, Bitget, Kraken, HTX, and Deribit, using multiple contract suffixes where applicable. Choice of OI units, either coin based or converted to USD notional. Standard deviation reference lines and adaptive extreme bands. A flexible smoothing layer with multiple moving average types. Automatic detection of regular and hidden divergences between price and OI Z. Alerts for zero line and ±2 sigma crosses. Aggregated open interest source At the core is the same multi venue OI aggregation engine as in the OI RSI tool, adapted from NoveltyTrade's work and extended for this use case. The indicator: Anchors on the current chart symbol and its base currency. Loops over a set of exchanges, gated by user toggles: Binance. Bybit. OKX. Bitget. Kraken. HTX. Deribit. For each exchange, loops over several contract suffixes such as USDT.P, USD.P, USDC.P, USD.PM to cover the common perp and margin styles. Requests OI candles for each exchange plus suffix pair into a small custom OI type that carries open, high, low and close of open interest. Converts each OI stream into a common unit via the sw method: In COIN mode, OI is normalized relative to the coin. In USD mode, OI is scaled by price to approximate notional. Exchange specific scaling factors are applied where needed to match contract multipliers. Accumulates all valid OI candles into a single combined OI "candle" by summing open, high, low and close across venues. The result is oiClose , a synthetic close for aggregated OI that represents cross venue positioning. If there is no valid OI data for the symbol after this process, the script throws a clear runtime error so you know the market is unsupported rather than quietly plotting nonsense. How the Z score is computed Once the aggregated OI close is available, the indicator computes a rolling Z score over a configurable lookback: Define subject as the aggregated OI close. Compute a rolling mean of this subject with EMA over Z Score Lookback Period . Compute a rolling standard deviation over the same length. Subtract the mean from the current OI and divide by the standard deviation. This gives a raw Z score: oi_z_raw = (subject − mean) ÷ stdDev . Instead of plotting this raw value directly, the script passes it through a smoothing layer: You pick a Smoothing Type and Smoothing Period . Choices include SMA, HMA, EMA, WMA, DEMA, RMA, linear regression, ALMA, TEMA, and T3. The helper ma function applies the chosen smoother to the raw Z score. The result is oi_z , a smoothed Z score of aggregated open interest. A separate EMA with EMA Period is then applied on oi_z to create a signal line ma that can be used for crossovers and trend reads. Plotting modes The Plotting Type input controls how this Z score is rendered: 1) Line In line mode: The smoothed OI Z score is plotted as a single line using Base Line Color . The EMA overlay is optionally plotted if Show EMA is enabled. This is the cleanest view when you want to treat OI Z like a standard oscillator, watching for zero line crosses, swings, and divergences. 2) Colored Line Colored line mode adds conditional color logic to the Z score: If the Z score is above zero and rising, it is bright green, representing positive and strengthening positioning pressure. If the Z score is above zero and falling, it shifts to a cooler cyan, representing positive but weakening pressure. If the Z score is below zero and falling, it is bright red, representing negative and strengthening pressure (growing net de risking or shorting). If the Z score is below zero and rising, it is dark red, representing negative but recovering pressure. This mapping makes it easy to see not only whether OI is above or below its historical mean, but also whether that deviation is intensifying or fading. 3) Oscillator Oscillator mode turns the Z score into a histogram: The smoothed Z score is plotted as vertical columns around zero. Column colors use the same conditional palette as colored line mode, based on sign and change direction. The histogram base is zero, so bars extend up into positive Z and down into negative Z. Oscillator mode is useful when you care about impulses in positioning, for example sharp jumps into positive Z that coincide with fast builds in leverage, or deep spikes into negative Z that show aggressive flushes. 4) None If you only want reference lines, extreme bands, divergences, or alerts without the base oscillator, you can set plotting to None and keep the rest of the tooling active. The EMA overlay respects plotting mode and only appears when a visible Z score line or histogram is present. Reference lines and standard deviation levels The Select Reference Lines input offers two styles: Standard Deviation Levels Plots small markers at zero. Draws thin horizontal lines at +1, +2, −1 and −2 Z. Acts like a classic Z score ladder, zero as mean, ±1 as normal band, ±2 as outer band. This mode is ideal if you want a textbook statistical framing, using ±1 and ±2 sigma as standard levels for "normal" versus "extended" positioning. Extreme Bands Extreme bands build on the same ±1 and ±2 lines, then add: Upper outer band between +3 and +4 Z. Lower outer band between −3 and −4 Z. Dynamic fill colors inside these bands: If the Z score is positive, the upper band fill turns red with an alpha that scales with the magnitude of |Z|, capped at a chosen max strength. Stronger deviations towards +4 produce more opaque red fills. If the Z score is negative, the lower band fill turns green with the same adaptive alpha logic, highlighting deep negative deviations. Opposite side bands remain a faint neutral white when not in use, so they still provide structural context without shouting. This creates a visual "danger zone" for position crowding. When the Z score enters these outer bands, open interest is many standard deviations away from its mean and you are dealing with rare but highly loaded positioning states. Z score as a positioning pressure gauge Because this is a Z score of aggregated open interest, it measures how unusual current positioning is relative to its own recent history, not just whether OI is rising or falling: Z near zero means total OI is roughly in line with normal conditions for your lookback window. Positive Z means OI is above its recent mean. The further above zero, the more "crowded" or extended positioning is. Negative Z means OI is below its recent mean. Deep negatives often mark post flush environments where leverage has been cleared and the market is under positioned. The smoothing options help control how much noise you want in the signal: Short Z score lookback and short smoothing will react quickly, suited for short term traders watching intraday positioning shocks. Longer Z score lookback with smoother MA types (EMA, RMA, T3) give a slower, more structural view of where the crowd sits over days to weeks. Divergences between price and OI Z The indicator includes automatic divergence detection on the Z score versus price, using pivot highs and lows: You configure Pivot Lookback Left and Pivot Lookback Right to control swing sensitivity. Pivots are detected on the OI Z series. For each eligible pivot, the script compares OI Z and price at the last two pivots. It looks for four patterns: Regular Bullish – price makes a lower low, OI Z makes a higher low. This can indicate selling exhaustion in positioning even as price washes out. These are marked with a line and a label "ℝ" below the oscillator, in the bullish color. Hidden Bullish – price makes a higher low, OI Z makes a lower low. This suggests continuation potential where price holds up while positioning resets. Marked with "ℍ" in the bullish color. Regular Bearish – price makes a higher high, OI Z makes a lower high. This is a classic warning sign of trend exhaustion, where price pushes higher while OI Z fails to confirm. Marked with "ℝ" in the bearish color. Hidden Bearish – price makes a lower high, OI Z makes a higher high. This is often seen in pullbacks within downtrends, where price retraces but positioning stretches again in the direction of the prevailing move. Marked with "ℍ" in the bearish color. Each divergence type can be toggled globally via Show Detected Divergences . Internally, the script restricts how far back it will connect pivots, so you do not get stray signals linking very old structures to current bars. Trading applications Crowding and squeeze risk Z scores are a natural way to talk about crowding: High positive Z in aggregated OI means the market is running high leverage compared to its own norm. If price is also extended, the risk of a squeeze or sharp unwind rises. Deep negative Z means leverage has been cleaned out. While it can be painful to sit through, this environment often sets up cleaner new trends, since there is less one sided positioning to unwind. The extreme bands at ±3 to ±4 highlight the rare states where crowding is most intense. You can treat these events as regime markers rather than day to day noise. Trend confirmation and fade selection Combine Z score with price and trend: Bull trends with positive and rising Z are supported by fresh leverage, usually more persistent. Bull trends with flat or falling Z while price keeps grinding up can be more fragile. Divergences and extreme bands can help identify which edges you do not want to fade and which you might. In downtrends, deep negative Z that stays pinned can mean persistent de risking. Once the Z score starts to mean revert back toward zero, it can mark the early stages of stabilization. Event and liquidation context Around major events, you often see: Rapid spikes in Z as traders rush to position. Reversal and overshoot as liquidations and forced de risking clear the book. A move from positive extremes through zero into negative extremes as the market transitions from crowded to under exposed. The Z score makes that path obvious, especially in oscillator mode, where you see a block of high positive bars before the crash, then a slab of deep negative bars after the flush. Settings overview Z Score group Plotting Type – None, Line, Colored Line, Oscillator. Z Score Lookback Period – window used for mean and standard deviation on aggregated OI. Smoothing Type – SMA, HMA, EMA, WMA, DEMA, RMA, linear regression, ALMA, TEMA or T3. Smoothing Period – length for the selected moving average on the raw Z score. Moving Average group Show EMA – toggle EMA overlay on Z score. EMA Period – EMA length for the signal line. EMA Color – color of the EMA line. Thresholds and Reference Lines group Select Reference Lines – None, Standard Deviation Levels, Extreme Bands. Standard deviation lines at 0, ±1, ±2 appear in both modes. Extreme bands add filled zones at ±3 to ±4 with adaptive opacity tied to |Z|. Extra Plotting and UI Base Line Color – default color for the simple line mode. Line Width – thickness of the oscillator line. Positive Color – positive or bullish condition color. Negative Color – negative or bearish condition color. Divergences group Show Detected Divergences – master toggle for divergence plotting. Pivot Lookback Left and Pivot Lookback Right – how many bars left and right to define a pivot, controlling divergence sensitivity. Open Interest Source group OI Units – COIN or USD. Exchange toggles for Binance, Bybit, OKX, Bitget, Kraken, HTX, Deribit. Internally, all enabled exchanges and contract suffixes are aggregated into one synthetic OI series. Alerts included The indicator defines alert conditions for several key events: OI Z Score Positive – Z crosses above zero, aggregated OI moves from below mean to above mean. OI Z Score Negative – Z crosses below zero, aggregated OI moves from above mean to below mean. OI Z Score Enters +2σ – Z enters the +2 band and above, marking extended positive positioning. OI Z Score Enters −2σ – Z enters the −2 band and below, marking extended negative positioning. Tie these into your strategy to be notified when leverage moves from normal to extended states. Notes This indicator does not rely on price based oscillators. It is a statistical lens on cross venue open interest, which makes it a complementary tool rather than a replacement for your existing price or volume signals. Use it to: Quantify how unusual current futures positioning is compared to recent history. Identify crowded leverage phases that can fuel squeezes. Spot structural divergences between price and positioning. Frame risk and opportunity around events and regime shifts. It is not a complete trading system. Combine it with your own entries, exits and risk rules to get the most out of what the Z score is telling you about positioning pressure under the hood of the market.
Pine Script® indicator
by BackQuant
4
PEG RSI [Auto EPS Growth]The PEG RSI is a hybrid indicator that combines fundamental valuation with technical momentum. It applies the Relative Strength Index (RSI) directly to the Price/Earnings-to-Growth (PEG) Ratio. Unlike traditional PEG indicators that require manual input for growth rates, this script automatically calculates the Compound Annual Growth Rate (CAGR) of Earnings Per Share (EPS) based on historical data. Key Features - Auto-Calculated Growth: Uses historical TTM Earnings Per Share (EPS) to calculate the CAGR over a user-defined period (Default: 4 years). - Dynamic Valuation: Converts the static PEG ratio into an oscillator (RSI) to identify relative valuation extremes. - Trend & Momentum: Visualizes the momentum of the PEG ratio relative to its own history. Educational Case Study This indicator is designed for educational purposes and research. Instead of relying on fixed overbought or oversold levels, users are encouraged to study the correlation between the PEG RSI and price action independently. - Observe how the price reacts when the PEG RSI reaches upper or lower extremes. - Different stocks may respect different RSI zones based on their growth stability. - Use this tool to analyze how market valuation momentum shifts over time. Settings: - Years for CAGR Growth: Timeframe to calculate EPS growth (Default: 4 years). - RSI Length: Lookback period for the RSI calculation (Default: 14). Note: This indicator works best on stocks with a consistent history of earnings. It requires financial data to function (will not work on assets without EPS like Crypto or Forex).
Pine Script® indicator
by waranyutrkm
Alson Chew PAM EXE and Mother BarIndicators for strategies taught by Alson Chew's Price Action Manipulation (PAM) course Two functions. First it identifies EXE bars (Pin, Mark, Icecream bars). Second it identifies Mother bars and draws an extension line for 6 bars. Applicable to all time frames and can customise how many signals to show. To be used in conjunction with trading strategies like - 20 SMA, 50 SMA, 200 SMA FS formation - Force Bottom, Force Top FS formation - UR1 and DR1 using EXE Bar
Pine Script® indicator
by LimYX
1
Dynamic 15-Ticker Multi-Symbol Table 2025 EditionTitle: Dynamic 15-Ticker Multi-Symbol Table 2025 Edition Description: This script provides a multi-ticker table for TradingView charts. It is fully open-source and free to use. The table displays up to 15 tickers, including SPY as the baseline symbol. The script updates in real-time on any timeframe. Features: SPY baseline: The first row always shows SPY for reference. Custom tickers: Add up to 14 additional tickers via the input settings. Rows without tickers remain hidden. Price and direction: Each ticker row displays the current price and an indicator of direction based on recent price movement. RSI (14) indicator: Shows the current relative strength index value with a simple directional marker. Volume formatting: Displays volume values in thousands, millions, or billions automatically. Volume change is indicated with directional markers. Stable layout: The table uses alternating row colors for readability and maintains consistent row count without collapsing or disappearing rows. Real-time updates: All displayed values refresh automatically on any chart timeframe. How to use: Add the script to your chart. Enter your chosen tickers in the input settings. SPY will remain as the first ticker automatically. Tickers not entered will remain hidden. When a ticker is removed, the row will be removed-dynamically. Observe live prices, RSI values, and volume changes directly on your chart without switching symbols. Additional notes: The script is fully open-source; users are encouraged to modify or improve it. No external links or references are required to understand its function. This script does not repaint and does not require additional requests to update values.
Pine Script® indicator
by GammaBulldog
Open Interest RSI [BackQuant]Open Interest RSI A multi-venue open interest oscillator that aggregates OI across major derivatives exchanges, converts it to coin or USD terms, and runs an RSI-style engine on that aggregated OI so you can track positioning pressure, crowding, and mean reversion in leverage flows, not just in price. What this is This tool is an RSI built on top of aggregated open interest instead of price. It pulls futures OI from several major exchanges, converts it into a unified unit (COIN or USD), sums it into a single synthetic OI candle, then applies RSI and smoothing to that combined series. You can then render that Open Interest RSI in different visual modes: Clean line or colored line for classic oscillator-style reads. Column-style oscillator for impulse and compression views. Flag mode that fills between OI RSI and its EMA for trend/mean reversion blends. See: Heatmap mode that paints the panel based on OI RSI extremes, ideal for scanning. See: On top of that it includes: Aggregated OI source selection (Binance, Bybit, OKX, Bitget, Kraken, HTX, Deribit). Choice of OI units (COIN or USD). Reference lines and OB/OS zones. Extreme highlighting for either trend or mean reversion. A vertical OI RSI meter that acts as a quick strength gauge. Aggregated open interest source Under the hood, the indicator builds a synthetic open interest candle by: Looping over a list of supported exchanges: Binance, Bybit, OKX, Bitget, Kraken, HTX, Deribit. Looping over multiple contract suffixes (such as USDT.P, USD.P, USDC.P, USD.PM) to capture different contract types on each venue. Requesting OI candles from each venue + contract combination for the same underlying symbol. Converting each OI stream into a common unit: In COIN mode, everything is normalized into coin-denominated OI. In USD mode, coin OI is multiplied by price to approximate notional OI. Summing up open, high, low and close of OI across venues into a single aggregated OI candle. If no valid OI is available for the current symbol across all sources, the script throws a clear runtime error so you know you are on an unsupported market. This gives you a single, exchange-agnostic open interest curve instead of being tied to one venue. That aggregated OI is then passed into the RSI logic. How the OI RSI is calculated The RSI side is straightforward, but it is applied to the aggregated OI close: Compute a base RSI of aggregated OI using the Calculation Period . Apply a simple moving average of length Smoothing Period (SMA) to reduce noise in the raw OI RSI. Optionally apply an EMA on top of the smoothed OI RSI as a moving average signal line. Key parameters: Calculation Period – base RSI length for OI. Smoothing Period (SMA) – extra smoothing on the RSI value. EMA Period – EMA length on the smoothed OI RSI. The result is: oi_rsi – raw RSI of aggregated OI. oi_rsi_s – SMA-smoothed OI RSI. ma – EMA of the smoothed OI RSI. Thresholds and extremes You control three core thresholds: Mid Point – central reference level, typically 50. Extreme Upper Threshold – high-level OI RSI edge (for example 80). Extreme Lower Threshold – low-level OI RSI edge (for example 20). These thresholds are used for: Reference lines or OB/OS zone fills. Heatmap gradient bounds. Background highlighting of extremes. The Extreme Highlighting mode controls how extremes are interpreted: None – do nothing special in extreme regions. Mean-Rev – background turns red on high OI RSI and green on low OI RSI, framing extremes as contrarian zones. Trend – background turns green on high OI RSI and red on low OI RSI, framing extremes as participation zones aligned with the prevailing move. Reference lines and OB/OS zones You can choose: None – clean plotting without guides. Basic Reference Lines – mid, upper and lower thresholds as simple gray horizontals. OB/OS Levels – filled zones between: Upper OB: from the upper threshold to 100, colored with the short/overbought color. Lower OS: from 0 to the lower threshold, colored with the long/oversold color. These guides help visually anchor the OI RSI within "normal" versus "extreme" regions. Plotting modes The Plotting Type input controls how OI RSI is drawn. All modes share the same underlying OI and RSI logic, but emphasise different aspects of the signal. 1) Line mode This is the classic oscillator representation: Plots the smoothed OI RSI as a simple line using RSI Line Color and RSI Line Width . Optionally plots the EMA overlay on the same panel. Works well when you want standard RSI-style signals on leverage flows: crosses of the midline, divergences versus price, and so on. 2) Colored Line mode In this mode: The OI RSI is plotted as a line, but its color is dynamic. If the smoothed OI RSI is above the mid point, it uses the Long/OB Color . If it is below the mid point, it uses the Short/OS Color . This creates an instant visual regime switch between "bullish positioning pressure" and "bearish positioning pressure", while retaining the feel of a traditional RSI line. 3) Oscillator mode Oscillator mode renders OI RSI as vertical columns around the mid level: The smoothed OI RSI is plotted as columns using plot.style_columns . The histogram base is fixed at 50, so bars extend above and below the mid line. Bar color is dynamic, using long or short colors depending on which side of the mid point the value sits. This representation makes impulse and compression in OI flows more obvious. It is especially useful when you want to focus on how quickly OI RSI is expanding or contracting around its neutral level. See: 4) Flag mode Flag mode turns OI RSI and its EMA into a two-line band with a filled area between them: The smoothed OI RSI and its EMA are both plotted. A fill is drawn between them. The fill color flips between the long color and the short color depending on whether OI RSI is above or below its EMA. Black outlines are added to both lines to make the band clear against any background. This creates a "flag" style region where: Green fills show OI RSI leading its EMA, suggesting positive positioning momentum. Red fills show OI RSI trailing below its EMA, suggesting negative positioning momentum. Crossovers of the two lines can be read as shifts in OI momentum regime. Flag mode is useful if you want a more structural view that combines both the level and slope behaviour of OI RSI. See: 5) Heatmap mode Heatmap mode recasts OI RSI as a single-row gradient instead of a line: A single row at level 1 is plotted using column style. The color is pulled from a gradient between the lower and upper thresholds: Near the lower threshold it approaches the short/oversold color and near the upper threshold it approaches the long/overbought color. The EMA overlay and reference lines are disabled in this mode to keep the panel clean. This is a very compact way to track OI RSI state at a glance, especially when stacking it alongside other indicators. See: OI RSI vertical meter Beyond the main plot, the script can draw a small "thermometer" table showing the current OI RSI position from 0 to 100: The meter is a two-column table with a configurable number of rows. Row colors form an inverted gradient: red at the top (100) and green at the bottom (0). The script clamps OI RSI between 0 and 100 and maps it to a row index. An arrow marker "▶" is drawn next to the row corresponding to the current OI RSI value. 0 and 100 labels are printed at the ends of the scale for orientation. You control: Show OI RSI Meter – turn the meter on or off. OI RSI Blocks – number of vertical blocks (granularity). OI RSI Meter Position – panel anchor (top/bottom, left/center/right). The meter is particularly helpful if you keep the main plot in a small panel but still want an intuitive strength gauge. How to read it as a market pressure gauge Because this is an RSI built on aggregated open interest, its extremes and regimes speak to positioning pressure rather than price alone: High OI RSI (near or above the upper threshold) indicates that open interest has been increasing aggressively relative to its recent history. This often coincides with crowded leverage and a buildup of directional pressure. Low OI RSI (near or below the lower threshold) indicates aggressive de-leveraging or closing of positions, often associated with flushes, forced unwinds or post-liquidation clean-ups. Values around the mid point indicate more balanced positioning flows. You can combine this with price action: Price up with rising OI RSI suggests fresh leverage joining the move, a more persistent trend. Price up with falling OI RSI suggests shorts covering or longs taking profit, more fragile upside. Price down with rising OI RSI suggests aggressive new shorts or levered selling. Price down with falling OI RSI suggests de-leveraging and potential exhaustion of the move. Trading applications Trend confirmation on leverage flows Use OI RSI to confirm or question a price trend: In an uptrend, rising OI RSI with values above the mid point indicates supportive leverage flows. In an uptrend, repeated failures to lift OI RSI above mid point or persistent weakness suggest less committed participation. In a downtrend, strong OI RSI on the downside points to aggressive shorting. Mean reversion in positioning Use thresholds and the Mean-Rev highlight mode: When OI RSI spends extended time above the upper threshold, the crowd is extended on one side. That can set up squeeze risk in the opposite direction. When OI RSI has been pinned low, it suggests heavy de-leveraging. Once price stabilises, a re-risking phase is often not far away. Background colours in Mean-Rev mode help visually identify these periods. Regime mapping with plotting modes Different plotting modes give different perspectives: Heatmap mode for dashboard-style use where you just need to know "hot", "neutral" or "cold" on OI flows at a glance. Oscillator mode for short term impulses and compression reads around the mid line. See: Flag mode for blending level and trend of OI RSI into a single banded visual. See: Settings overview RSI group Plotting Type – None, Line, Colored Line, Oscillator, Flag, Heatmap. Calculation Period – base RSI length for OI. Smoothing Period (SMA) – smoothing on RSI. Moving Average group Show EMA – toggle EMA overlay (not used in heatmap). EMA Period – length of EMA on OI RSI. EMA Color – colour of EMA line. Thresholds group Mid Point – central reference. Extreme Upper Threshold and Extreme Lower Threshold – OB/OS thresholds. Select Reference Lines – none, basic lines or OB/OS zone fills. Extreme Highlighting – None, Mean-Rev, Trend. Extra Plotting and UI RSI Line Color and RSI Line Width . Long/OB Color and Short/OS Color . Show OI RSI Meter , OI RSI Blocks , OI RSI Meter Position . Open Interest Source OI Units – COIN or USD. Exchange toggles: Binance, Bybit, OKX, Bitget, Kraken, HTX, Deribit. Notes This is a positioning and pressure tool, not a complete system. It: Models aggregated futures open interest across multiple centralized exchanges. Transforms that OI into an RSI-style oscillator for better comparability across regimes. Offers several visual modes to match different workflows, from detailed analysis to compact dashboards. Use it to understand how leverage and positioning are evolving behind the price, to gauge when the crowd is stretched, and to decide whether to lean with or against that pressure. Attach it to your existing signals, not in place of them. Also, please check out @NoveltyTrade for the OI Aggregation logic & pulling the data source! Here is the original script:
Pine Script® indicator
by BackQuant
Session, Weekly, Daily LevelsScroll down for hungarian description! Magyar leíráshoz görgess lejjebb! Overview This script provides a unified market structure mapping tool that automatically identifies and visualizes key intraday, daily, and weekly reference levels. It helps traders contextualize price action throughout the trading week by marking true session opens, previous day highs/lows, weekly highs/lows, and weekday opens, all with accurate historical anchoring and correct timezone handling. What This Script Does 1. Intraday Session Opens (Tokyo, London, New York) - Detects the exact candle where each session opens. - Draws horizontal rays with labels. - Automatically clears lines at the start of each new day. - Uses a custom local-to-exchange timezone conversion system. 2. Weekly Levels - Last week high and low (precise bar anchoring, not HTF aggregation) - Current week open (also Monday open) - Auto-reset on new week - Levels are always drawn from the true candle where they formed. 3. Previous Day High & Low - Continuously tracks intraday highs and lows. - On a new day, stores yesterday’s values and anchors rays to the exact bars. - Levels remain visible for the full current day and reset the next day. 4. Weekday Opens (Tue–Fri) - Captures the exact opening price of Tuesday–Friday. - Monday open = Week open, so it is not shown separately. - Auto-reset on new week. Timezone Logic (Original Feature) The script converts: local session times → exchange timezone → chart timestamps It works correctly regardless of chart timezone or instrument exchange location. Line Drawing Logic - Finds the exact bar_index where each level forms. - Draws rays extending to the right. - Labels are placed ahead of price. - Safe updating prevents “bar index too far” errors. How to Use - Identify daily/weekly structure. - Track bias relative to session opens. - Observe reactions around weekday opens. - Compare price action to last week's range. Originality - Custom timezone conversion engine. - True historical bar anchoring. - Fully automated weekly/daily structural resets. - Independent styling for each level type. - Not a mashup; all components follow one unified logic. Limitations - Does not predict trend or direction. - Structural tool only. Summary A precise and reliable market structure tool that unifies weekly, daily, and intraday reference levels with full timezone automation and true-candle anchoring. MAGYAR LEÍRÁS -------------- Áttekintés Ez az indikátor egy összetett piaci szerkezet-feltérképező eszköz, amely automatikusan megjeleníti a legfontosabb intraday, napi és heti referenciaértékeket. A célja, hogy a kereskedő tisztán lássa a piac aktuális környezetét: hol nyíltak a főbb devizapiaci szekciók, hogyan alakult a tegnapi tartomány, hol volt a múlt heti csúcs/mélypont, és hogyan nyitottak az egyes hétköznapok. Mit tud a script? 1. Szekciónyitások (Tokyo, London, New York) - Megkeresi a pontos gyertyát, amely a szekciónyitáskori árat tartalmazza. - Vízszintes vonalat és címkét rajzol. - Minden nap elején automatikusan törli a korábbi nap szintjeit. - Egyedi időzóna-konverziós rendszerrel működik (helyi idő → tőzsdei idő → chart idő). 2. Heti szintek - Múlt heti maximum és minimum (pontos gyertyapontra horgonyozva) - Aktuális heti nyitóár (egyben a hétfői nyitó is) - Új hét kezdetekor automatikusan frissül. - A múlt heti high/low nem fix időpontra, hanem a valódi gyertyára kerül. 3. Előző napi High és Low - Folyamatosan követi a napi maximumot és minimumot. - Napváltáskor elmenti és pontos gyertyáról indítja a ray-t. - A szintek a teljes nap folyamán megmaradnak, majd a következő nap törlődnek. 4. Hétköznapok nyitóárai (Kedd–Péntek) - A kedd, szerda, csütörtök és péntek nyitóárát rögzíti és megjeleníti. - A hétfői nyitó a Week Open, ezért külön nem jelenik meg. - Heti váltáskor automatikusan törlődnek. Időzóna-kezelés (egyedi megoldás) A script a felhasználó helyi idejét átszámítja az instrumentum tőzsdei időzónájára, majd a chartra vetíti. Ez biztosítja, hogy minden szekciónyitás helyesen jelenik meg, bármely chart vagy instrumentum esetén. Vonalrajzolási logika - A szintek a valódi bar_index alapján kerülnek rögzítésre. - Jobbra nyúló ray-eket rajzol. - A címkék mindig a jobb oldalon, előre helyezve jelennek meg. - Biztonságos frissítési rendszer akadályozza meg a hibákat (pl. “bar index too far”). Használat - Napi/heti szerkezet meghatározása. - Bias követése a session openekhez viszonyítva. - Reakciók figyelése a hétköznapok nyitóárai körül. - Összevetés a múlt heti tartománnyal. Eredetiség - Egyedi időzóna-kezelő motor. - Igazi gyertyapont-alapú horgonyzás. - Automatikus napi/heti reset. - Minden szint külön stílusban konfigurálható. - Nem mashup; egységes rendszer. Összegzés Professzionális, pontos eszköz a piaci szerkezet feltérképezésére, amely egyesíti a heti, napi és intraday szinteket, teljes időzóna-automatizálással és gyertyapontra horgonyzott kijelölésekkel.
Pine Script® indicator
by mildZebra14333