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SSL Channel MTFSSL Channel with MTF support, This eliminates the noise of a basic SSL Channel script which is based on ErwinBeckers SSL Channel. So i have used a Multi Time Frame approach to have a clear confirmation of trend and reduce Noise and False signals unlike basic SSL Channel. This script can be used to determine. Support/Resistance High/Low Breakout Trend Direction MA candles for Entry The high and low sma are plotted as SSL CHANNEL when ever the high and low sma cross each other a direction change is observed. The direction of SSL channel determines the trend of the price. The length of the channel can be changed as required a low value has a high noise and direction can be determined with low accuracy. Increasing the length of SSL channel has high accuracy trend confirmation. The MTF SSL Channel uses plot from higher timeframe this helps in using SSL Channel as a Price Action Tool. Price when ever crosses over or below the channel determines a breakout. Price tries to move between the High SMA line and Low SMA Line of the SSL Channel rejection, breakouts can be easily observed on a lower timeframe using SSL Channel Plot from a higher timeframe. I have used 5min/15min chart with MTF SSL from a 1Hr/4Hr and a length of 5 instead of 10. This helps quick direction changes over a period of 1hr to 4hr. Price is trapped within the High SMA and Low SMA lines of SSL Channel. In addition to SSL High Low and average mid line is plotted to additional reference. Buy Sell Signals are plotted based on crossover of SMA High and Low. Candle are Plotted Using a SMA with length of 5. This Candle Plot can be used to make an entry based on direction confirmation of SSL. keep in mind the direction of SSL Plot and the candle must be same. Preferably Entry can made above or below the midline of SSL Channel. The Candle Plot eliminates the Noise of traditional Japanese Candlesticks. Additionally MACD Crossover and MACD Trend line confirmations can be used to confirm a Buy Sell and Entry signals Alerts are also plotted accordingly.
Pine Script™ indicator
by traderharikrishna
3
TVMC - Composite Indicator with Technical RatingsDescription:
 The TVMC indicator combines multiple components (MACD, RSI, Volume, ATR) into a single, comprehensive tool for analyzing market conditions. * Trend Component (TC): Based on MACD , it identifies the prevailing market trend. * Momentum Component (MC): Utilizes RSI to measure the strength of price movement. * Volume Confirmation (VC): Confirms trends by comparing current volume to its moving average. * Volatility Filter (VF): Adjusts signals for smoother performance during volatile market conditions. How to use: * Bullish signals: When the indicator is above the zero line and the line color is green. * Bearish signals: When the indicator is below the zero line and the line color is red. * Neutral conditions: When the line color is orange and the indicator is near zero. * Timeframes: Best results are observed on higher timeframes, such as daily or 4-hour charts. Russian Section 
 Описание:
 Индикатор TVMC объединяет несколько компонентов (MACD, RSI, объём, ATR) в единый инструмент для комплексного анализа рыночных условий. * Трендовый компонент (TC): Основан на MACD , определяет текущий тренд. * Моментум (MC): Использует RSI для оценки силы ценового движения. * Объёмное подтверждение (VC): Подтверждает тренды, сравнивая текущий объём со скользящим средним. * Фильтр волатильности (VF): Сглаживает сигналы в условиях повышенной волатильности. Как использовать: * Бычьи сигналы: Когда индикатор выше нулевой линии, а цвет линии зелёный. * Медвежьи сигналы: Когда индикатор ниже нулевой линии, а цвет линии красный. * Нейтральные условия: Когда цвет линии оранжевый, а индикатор находится около нуля. * Таймфреймы: Наилучшие результаты наблюдаются на более высоких таймфреймах, таких как дневные или 4-часовые графики.
Pine Script™ indicator
by SuperStrategyINC
14
3-Conf Buy Sell: MACD + RSI + ALMA + Bollinger Zones [S-REZVANI]Indicator Title: "Triple-Confluence Signals: MACD + RSI + ALMA + Bollinger Zones " Indicator Overview This advanced trading system combines 4 powerful technical tools (MACD, RSI, ALMA, and Dual-Layer Bollinger Bands) to identify high-probability entries with multiple confirmation filters. Unique "Bollinger Zones" provide visual market context, while color-coded signals highlight precise entry points. Core Components MACD Momentum Engine Customizable fast/slow/signal lengths (default 12/26/9) Bullish signals when MACD line crosses ABOVE signal line Bearish signals when MACD line crosses BELOW signal line RSI Threshold Filter Adaptive RSI length (default 14 periods) Buy signals require RSI > 55 (bullish momentum) Sell signals require RSI < 45 (bearish momentum) ALMA Trend Confirmation Arnaud Legoux Moving Average (20-period default) Acts as dynamic support/resistance filter Requires price position relative to ALMA for valid signals Bollinger Band Zones Dual-layer bands with 2.2σ and 3.0σ deviations Red Zone (Upper): High volatility resistance area Yellow Zone (Lower): Potential mean-reversion support Gray area between = "Equilibrium Zone" Signal Logic ✅ Buy Triggers MACD Bullish Crossover RSI > 55 (bullish momentum confirmation) Price ABOVE ALMA (trend alignment) ▲ Blue triangle below price bar ✅ Sell Triggers MACD Bearish Crossover RSI < 45 (bearish momentum confirmation) Price BELOW ALMA (trend alignment) ▼ Orange triangle above price bar Key Features 🔹 Dual Bollinger Band System Inner Bands (2.2σ): Early warning levels Outer Bands (3.0σ): Extreme volatility markers Colored zones highlight potential reversal areas 🔹 Smart Signal Filtering Requires alignment of momentum (RSI), trend (ALMA), and MACD Eliminates false signals in ranging markets 🔹 Visual Optimization Colored candlesticks (blue = bullish bias, red = bearish bias) Transparent zones for clear price context Compact signal markers avoid chart clutter Input Parameters MACD Settings: Fast/Slow/Signal lengths RSI Settings: Period length, threshold level ALMA Settings: Length, smoothing factor Bollinger Bands: Length, dual deviation multipliers Visuals: Toggle zones/signals, adjust colors Usage Recommendations Best Timeframes: 1H-4H charts for swing trading Pair With: Volume analysis or Fibonacci levels Risk Management: Use outer Bollinger bands as stop-loss guides Inner bands as profit-taking targets Market Conditions: Strong trends: Follow directional signals Range markets: Fade signals at Bollinger extremes Why Traders Love This "The Bollinger Zones add crucial context missing in most signal indicators. I use the red zone as a 'danger area' for longs and the yellow zone as bargain-hunting territory." - Beta Tester Alert Setup Tip: Create separate alerts for buy/sell signals with message templates like: "Bullish Signal {{ticker}} @ {{close}}" "Bearish Signal {{ticker}} - Consider short" Created by S-Rezvani | TradingView Community Pro Tip: Combine with volume spikes for explosive move confirmation! 🚀
Pine Script™ indicator
by momoirse
2
Auto Trend Fib Signals BY studio DivinKey Features Dynamic SL using ATR volatility measure Two-Tier Profit Taking for partial/full exits Automatic Level Calculation based on Fibonacci extensions Clear Visual Labels with exact price levels Consistent Risk Management (1.5-2% per trade) Optimization Table Parameter Scalping Day Trading Swing Trading ATR Multiplier 1.0 1.5 2.0 TP1 (1.272) 70% Position 50% Position 30% Position TP2 (1.618) 30% Position 50% Position 70% Position Time Frame 15-min 1-hour 4-hour Pro Tips Confirm with Volume: Increase volume at Fib levels improves signal reliability Adjust in Ranging Markets: Use tighter SL (1.0x ATR) during consolidation Trailing Stop: Move SL to breakeven at TP1 hit Session Timing: Trade during London/NY overlap for best volatility
Pine Script™ indicator
by dmouu22
Volume Weighted HMA Index | mad_tiger_slayerTitle: 🍉 Volume Weighted HMA Index | mad_tiger_slayer 🐯 Description: The Volume Weighted HMA Index is a cutting-edge indicator designed to enhance the accuracy and responsiveness of trading signals by combining the power of volume with the Hull Moving Average (HMA). This indicator adjusts the HMA based on volume-weighted price changes, providing faster and more reliable entry and exit signals while reducing the likelihood of false signals. Intended and Best Uses: Used for Strategy Creation: Extremely Quick Entries and Exits Intended for Higher timeframe however can be used for scalping paired with additional scripts. Can be paired to create profitable strategies TREND FOLLOWING NOT MEAN REVERTING!!!! [Key Features: Volume Integration: Dynamically adjusts the HMA using volume data to prioritize higher-volume bars, ensuring that market activity plays a crucial role in signal generation. Enhanced Signal Clarity: The indicator calculates precise long and short signals by detecting volume-weighted HMA crossovers. Bar Coloring: Visually differentiate bullish and bearish conditions with customizable bar colors, making trends easier to identify. Custom Signal Plotting: Optional long and short signal markers for a clear visual representation of potential trade opportunities. Highly Configurable: Adjust parameters such as volume length and calculation source to tailor the indicator to your trading preferences and strategy. How It Works: Volume Weighting: The indicator calculates the HMA using a volume-weighted price change, amplifying the influence of high-volume periods on the moving average. Trend Identification: Crossovers of the volume-weighted HMA with zero determine trend direction, where: A bullish crossover signals a long condition. A bearish crossunder signals a short condition. Visual Feedback: Bar colors and optional signal markers provide real-time insights into trend direction and trading signals. Use Cases: Trend Following: Quickly identify emerging trends with volume-accelerated HMA calculations. Trade Confirmation: Use the indicator to confirm the strength and validity of your trade setups. Custom Signal Integration: Combine this indicator with your existing strategies to refine entries and exits. Notes: Ensure that your trading instrument provides volume data for accurate calculations. If no volume is available, the script will notify you. This script works best when combined with other indicators or trading frameworks for a comprehensive market view. Inspired by the community and designed for traders looking to stay ahead of the curve, the Volume Weighted HMA Index is a versatile tool for traders of all levels.
Pine Script™ indicator
by mad_tiger_slayer
1
PAM UR1 DR1 (Forex)PAM UR1 DR1 (Forex) Indicator This indicator is based on the Price Action Manipulation (PAM) strategy, specifically focusing on the UR1 (Up Reversal 1) and DR1 (Down Reversal 1) patterns. It helps traders identify potential trade setups by analyzing price movements in relation to the Average True Range (ATR) and specific candle patterns. Key Features: 1. User Inputs and Customization ATR Settings: ATR Length: Determines the period for ATR calculation. (Default: 14) Big Flush Multiplier: A multiplier to detect large flush candles. (Default: 1.5) Small Flush Multiplier: A multiplier to detect smaller flush candles. (Default: 0.9) Small Flush Wick %: Sets the wick size percentage to qualify a small flush. (Default: 30%) Risk Management Settings: Capital: User-defined trading capital. (Default: $10,000) Risk %: Percentage of capital to risk per trade. (Default: 1%) Display Options: Toggle to show/hide ATR Pips, Lot Size, and Capital in the chart labels. 2. Flush Candle Detection Big Flush Conditions: A candle is considered a Big Flush if its body size is greater than 1.5x ATR of the previous candle. Up Flushes (bullish) are highlighted in white . Down Flushes (bearish) are highlighted in yellow . Small Flush Conditions: Requires three consecutive candles in the same direction. ATR of each candle must exceed 0.9x of the previous ATR. The total wick size should be less than the defined wick percentage of the total candle range. Up Small Flushes are highlighted in gray , and Down Small Flushes in orange . 3. Stop Loss and Lot Size Calculation Stop loss (SL) is calculated based on the ATR of the flush candle. SL multipliers are predefined based on the currency pair (e.g., JPY pairs: 100, XAUUSD: 10, others: 10,000). Lot sizes are computed based on the risk percentage of the provided balance. 4. EXE Candle Identification After a flush candle is detected, the indicator searches for EXE candles within the next 5 bars. EXE candles are defined as pinbars where the wick is less than a defined percentage of the candle range. When an EXE candle is found, a label is displayed with customizable details: ATR pips, lot size, and capital. 5. Visual Enhancements Big Flush candles are marked with distinct colors. Small Flush candles are highlighted based on conditions. Users can toggle visualization preferences for flush types and displayed trade information. 6. Entry Labels and Alerts Labels are added to chart showing calculated values for stop loss and lot size. Alerts can be set up based on flush candle conditions to notify potential trade opportunities. Conclusion: The PAM UR1 DR1 (Forex) indicator offers traders an automated way to detect price manipulation strategies through flush candle analysis and risk management tools, making it easier to identify high-probability trading opportunities.
Pine Script™ indicator
by LightNCI
Buy-Sell Signals MACD+RSI [S-REZVANI]Indicator Description: "Buy-Sell Signals MACD+RSI " Overview: This indicator combines the power of MACD, RSI, and a smoothed ALMA moving average to generate precise buy/sell signals. Designed for traders seeking confluence across momentum and trend-following tools, it highlights entry points with colored candlesticks and clear triangular markers, while minimizing false signals through multi-condition filtering. How It Works MACD Crossover: Triggers potential signals when the MACD line crosses above/below its signal line. Histogram color changes reflect bullish/bearish momentum shifts. RSI Threshold Confirmation: Buy: RSI (6-period) must rise above a user-defined threshold (default: 55) to confirm strength. Sell: RSI must drop below 100 - threshold (default: 45) to confirm weakness. ALMA Dynamic Support/Resistance: Uses an Arnaud Legoux Moving Average (ALMA) with customizable smoothing to act as a dynamic filter. Buy signals require price to close above the ALMA; sell signals require closing below. Key Features ✅ Triple Confirmation System: Combines MACD crossovers, RSI thresholds, and ALMA trend alignment. ✅ Customizable Inputs: Adjust EMA periods, RSI length, and threshold levels to fit any strategy. ✅ Visual Clarity: Colored Candles: Blue for bullish bias, red for bearish bias, and neutral fading otherwise. Triangle Markers: Clear buy (▲) and sell (▼) signals below/above price bars. ✅ TradingView Alerts: Built-in alerts notify you instantly when new signals appear. Input Parameters EMA-0: ALMA period (default: 9). EMA-0 Smoother: ALMA smoothing factor (default: 3). RSI Length: RSI calculation period (default: 6). RSI Threshold: Key level for confirming strength/weakness (default: 55). Usage Guidelines Bullish Entry: Blue candle + ▲ triangle appears when: MACD Bullish Crossover + RSI > Threshold + Price > ALMA. Bearish Entry: Red candle + ▼ triangle appears when: MACD Bearish Crossover + RSI < (100 - Threshold) + Price < ALMA. Best Suited For: Swing trading or trend-following strategies on 1H+ timeframes. Why This Indicator? By requiring alignment across three distinct technical tools, this script filters out noise and focuses on high-probability setups. Its clean visual design ensures easy interpretation, while customizable settings allow adaptation to volatile or ranging markets. Note: Pair with risk management tools (stop-loss, take-profit) and backtest strategies for optimal results. Created by S-Rezvani | TradingView Community 🚀 Tip: Combine with volume analysis or support/resistance levels for added confirmation!
Pine Script™ indicator
by momoirse
1
Futuristic Indicator v3 - Enhanced Glow & Strength MetersTo ensure candles are display by script go to trading view settings and uncheck default Candle, Body and Wick to prevent them from plotting over your modified candles. Futuristic Indicator v3 - Enhanced Glow & Strength Meters: Detailed Breakdown This Modern styled Pine Script indicator is designed to enhance technical analysis by providing a visually striking OLED-style dashboard with multiple market insights. It integrates trend detection, momentum analysis, volatility tracking, and strength meters into a single, streamlined interface for traders. 1️⃣ Customizable Features for Flexibility The indicator offers multiple user-configurable settings, allowing traders to adjust the display based on their trading strategy and preferences. Users can toggle elements such as strength meters, volatility indicators, trend arrows, moving averages, and buy/sell alerts. Additionally, background and candle colors can be customized for better readability. 🔹 Why is this useful? Traders can customize their charts to focus on the data they care about. Reduces chart clutter by allowing users to toggle features on or off. 2️⃣ Trend Detection Using EMAs This indicator detects market trends using two Exponential Moving Averages (EMA): A "Fast" EMA (shorter period) for quick trend shifts. A "Slow" EMA (longer period) to confirm trends. Comparison of the two EMAs determines if the trend is bullish (uptrend) or bearish (downtrend). The indicator colors the trend lines accordingly and adds a trend arrow 📈📉 for quick visual cues. 🔹 Why is this useful? EMA crossovers are widely used to identify trend reversals. Provides clear visual cues for traders to confirm entry & exit points. 3️⃣ RSI-Based Momentum Analysis The indicator integrates the Relative Strength Index (RSI) to gauge market momentum. The momentum value changes color dynamically based on whether it's in bullish (>50) or bearish (<50) territory. 🔹 Why is this useful? RSI helps identify overbought and oversold conditions. Detects trend strength by measuring the speed of price movements. 4️⃣ Bullish & Bearish Strength Meters The indicator quantifies bullish and bearish market strength based on RSI and converts it into a percentage-based meter: Bullish Strength (Long Strength) Bearish Strength (Short Strength) Strength meters are displayed using OLED-styled bars, dynamically changing in real-time. 🔹 Why is this useful? Allows traders to visually gauge market sentiment at a glance. Helps confirm if a trend has strong momentum or is losing strength. 5️⃣ Market Volatility Indicator (ATR-Based) The indicator includes a volatility tracker using the Average True Range (ATR): ATR is scaled up to provide easier readability. Higher ATR values indicate higher market volatility. 🔹 Why is this useful? Helps traders identify potential breakout or consolidation phases. Allows better risk management by understanding price fluctuations. 6️⃣ Trend Strength Calculation The indicator calculates trend strength based on the difference between the EMAs: A higher trend strength value suggests a stronger directional trend. Displayed as a percentage for better clarity. 🔹 Why is this useful? Helps traders differentiate between strong and weak trends. Reduces the likelihood of entering weak or choppy markets. 7️⃣ OLED-Style Dashboard for Market Data A futuristic OLED-styled table is used to display critical market data in a visually appealing way: Trend direction (Bullish/Bearish with an arrow 📈📉). Current price. Momentum value. Strength meters (Bullish/Bearish). Trend strength percentage. Volatility Meter The dashboard uses high-contrast colors and neon glow effects, making it easier to read against dark backgrounds. 🔹 Why is this useful? Provides a centralized view of key trading metrics. Eliminates the need to manually calculate trend strength. 8️⃣ Modern Style Neon Glow Effects To enhance visibility, the indicator applies glowing effects to: Moving Averages (EMAs): Highlighted with layered glow effects. Candlesticks: Borders and wicks dynamically change color based on trend direction. 🔹 Why is this useful? Improves readability in low-contrast or dark-mode charts. Helps traders spot trends faster without reading numerical data. 9️⃣ Automated Buy & Sell Alerts The script triggers alerts when momentum crosses key levels: Above 55 → Potential Long Setup Below 45 → Potential Short Setup. 🔹 Why is this useful? Alerts help traders react quickly without constantly monitoring the chart. Reduces the risk of missing critical trade opportunities. 🔹 Final Summary: Why is This Indicator Useful? This futuristic cyberpunk-styled trading tool enhances traditional market analysis by combining technical indicators with high-visibility visuals. 🔹 Key Benefits: ✅ Customizable Display – Toggle elements based on trading needs. ✅ Trend Detection – EMAs highlight uptrends & downtrends. ✅ Momentum Tracking – RSI-based momentum gauge identifies strong moves. ✅ Strength Meters – Bullish/Bearish power is clearly visualized. ✅ Volatility Insights – ATR-based metric highlights market turbulence. ✅ Trend Strength Analysis – Quantifies trend intensity. ✅ Dashboard – Provides a centralized, easy-to-read data panel. ✅ Cyberpunk Neon Glow – Enhances clarity with stylish aesthetics. ✅ Real-Time Alerts – Helps traders react to key opportunities. This indicator is designed to be both functional and visually appealing, making market analysis more intuitive and efficient. 🚀
Pine Script™ indicator
by MTF_ANALYST
1
Brokerir - Order BlocksOrder Block Trading Script for www.brokerir.com Effectively Identify Supply and Demand Zones In order to trade order blocks effectively, you need to identify key areas on the price chart where a large move has occurred. This script does the hard work of drawing order blocks for you, saving you time and effort. For more information head to brokerir.com Blue OB (Supply): Look for short opportunities (sell). Green OB (Demand): Look for long opportunities (buy). Important Notice: Not every order block will be a valid buying or selling point. It’s essential to confirm order blocks with additional analysis to ensure reliability. Alert System: You can set two types of alerts with this script: Buy Alert Sell Alert What are Order Blocks? Order blocks are significant institutional buy or sell orders placed over a certain period. During these moments, institutional players are working to build up their positions, and these blocks often serve as strong support or resistance levels for future price action. Release Notes – Published on Jan 25, 2025 Updated to PineScript v5 for enhanced performance. Fixed alert bug for more reliable notifications. Added clearer comments to improve code readability. Added the option to customize the color of order blocks.
Pine Script™ indicator
by SasanHATAM
Matrix Series and Vix Fix with VWAP CCI and QQE SignalsMatrix Series and Vix Fix with VWAP CCI and QQE Signals Short Title: Advanced Matrix Purpose This Pine Script combines multiple technical analysis tools to create a comprehensive trading indicator. It incorporates elements like support/resistance zones, overbought/oversold conditions, Williams Vix Fix, QQE (Quantitative Qualitative Estimation) signals, VWAP CCI signals, and a 200-period SMA for trend filtering. The goal is to provide actionable buy and sell signals with enhanced visualization. Key Features and Components 1. Matrix Series Smoothing Input: Allows customization of EMA smoothing for the indicator (default: 5). Support/Resistance Zones: Based on CCI (Commodity Channel Index) values. Dynamic zones calculated with customizable parameters (SupResPeriod, SupResPercentage, PricePeriod). Candlestick Visualization: Custom candlestick plots with colors indicating trends. Dynamic levels for overbought/oversold conditions. 2. Overbought/Oversold Signals Overbought and oversold levels are adjustable (ob and os). Plots circles on the chart to highlight extreme conditions. 3. Williams Vix Fix Identifies potential reversal points by analyzing volatility. Uses Bollinger Bands and percentile thresholds to detect high-probability entries. Includes two alert levels (alert1 and alert2) with customizable criteria for signal filtering. 4. QQE Signals Based on the smoothed RSI and QQE methodology. Detects trend changes using adaptive ATR bands (FastAtrRsiTL). Plots long and short signals when specific conditions are met. 5. VWAP CCI Signals Combines VWAP and CCI for additional trade signals. Detects crossovers and crossunders of CCI levels (-200 and 200) to generate long and short signals. 6. 200 SMA A 200-period simple moving average is plotted to act as a trend filter. The script rules recommend buying only when the price is above the SMA200. Customizable Inputs General: Smoothing, support/resistance periods, overbought/oversold levels. Williams Vix Fix: Lookback periods, Bollinger Band settings, percentile thresholds. QQE: RSI length, smoothing factor, QQE factor, and threshold values. VWAP CCI: Length for calculating deviations. Visual Elements Dynamic candlestick colors to indicate trend direction. Overbought/oversold circles for extreme price levels. Resistance and support lines. Labels and shapes for buy/sell signals from Vix Fix, QQE, and VWAP CCI. Alerts Alerts are configured for the Matrix Series (e.g., "BUY MATRIX") and other components, ensuring traders are notified when significant conditions are met. Intended Use This indicator is designed for traders seeking a multi-faceted tool to analyze market trends, identify potential reversal points, and generate actionable trading signals. It combines traditional indicators with advanced techniques for comprehensive market analysis.
Pine Script™ indicator
by splirus
Waldo RSI :oWaldo RSI :o Indicator Guide The Waldo RSI :o indicator is designed to complement the "Waldo RSI Overlay :o" by providing an RSI-based analysis on TradingView, focusing on macro shifts in market trends. Here's a comprehensive guide on how to use this indicator: Key Features: RSI Settings: RSI Source: Choose from ON RSI, ON HIGH, ON LOW, ON CLOSE, or ON OPEN to determine how RSI calculates pivots. RSI Settings: Source: Default is (H+L)/2, but you can select any price for RSI calculation. Length: Default RSI length is 7, which can be adjusted for sensitivity. Trend Lines: Show Trend Lines: Option to display trend lines based on RSI pivot points. Zigzag Length: Determines pivot point sensitivity. Confirm Length: Validates pivot points (default is 3). Colors: Customize colors for Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL) on the RSI. Label Size and Line Width: Adjust the appearance of labels and lines. Divergences: Classic Divergences: Show Classic Div: Toggle to reveal divergences where RSI and price move in opposite directions. Colors: Set different colors for bullish and bearish divergence indicators. Transparency and Line Width: Control the visual impact of divergence signals. Hidden Divergences: Similar settings for identifying hidden divergences, suggest trend continuation. Breakout/Breakdown: Show Breakout/Breakdown: Generates signals for RSI breakouts or breakdowns, used by "Waldo RSI Overlay :o" for visual chart signals. Overbought/Oversold Zones: Show Overbought and OverSold Zones: Highlights when RSI goes above 70 (overbought) or below 30 (oversold). Moving Averages on RSI: The default Moving Average (MA) settings are tailored to capture macro shifts in market trends: Show Moving Averages: Option to overlay two MAs on the RSI for trend confirmation: Fast RSI MA: RSI Period: 50 (this is the period over which the RSI is calculated). MA Length: 50 (the number of periods used for the moving average of the RSI). Slow RSI MA: RSI Period: 50 (same as fast for consistency in RSI calculation). MA Length: 200 (longer term for capturing broader trends). Crossover Signals: The RSI changes color from red to green based on these moving average crossovers: When the Fast MA (50 period) crosses above the Slow MA (200 period), the RSI turns green, indicating potential bullish conditions or momentum shift. Conversely, when the Fast MA crosses below the Slow MA, the RSI turns red, suggesting bearish conditions or a shift back towards a downtrend. This 50-period RSI crossover setting is used to identify overall macro shifts in the market, providing a clear visual cue for traders looking at longer-term trends. Ghost Lines (Optional): Ghost Lines: Option to limit how far RSI trend lines extend, helping to keep the chart less cluttered. How to Use the Indicator: Setup: Configure RSI by choosing the source and setting the length to match your trading style. Set the zigzag and confirm lengths for appropriate pivot detection. Trend Analysis: Monitor the RSI for trend changes using the colored trend lines and labels. Divergence Detection: Look for RSI and price divergences to anticipate potential reversals or continuations. Breakout/Breakdown: Use these signals in conjunction with "Waldo RSI Overlay :o" for price action confirmation. Overbought/Oversold: Identify when the market might be due for a correction or continued momentum. Moving Averages: Focus on the color changes in RSI to understand macro trend shifts with the default 50/200 period setup. Ghost Lines: Enable for a cleaner chart if you don't need trend lines extending indefinitely. Usage Tips: Combine with other indicators for confirmation, as no single tool is foolproof. Adjust settings to suit different market conditions or trading timeframes. Use in tandem with "Waldo RSI Overlay :o" for a full trading signal system. Remember, trading involves significant risk, and historical data does not guarantee future performance. Use this indicator as part of a broader trading strategy.
Pine Script™ indicator
by RSI_Trading_Concepts
Manoj Keer No Repaint EMA auto Buy/SellManoj Keer No Repaint EMA auto Buy/Sell Yah indicator Maine khud Ne banaya Hai aur ismein Maine 6 mahine ka back test Kiya Hai result positive hai har month mein result positive hi aata hai yah indicator auto buy sell indicator Hai algorithm trading karne ke liye aur manually trading bhi aap kar sakte ho ismein big move pakdane ke liye setting banaa rakhi hai jo ki move aasani se pakad kar profit De sake... Sideways market mein fake signal bhi aate Hain vah isliye aate Hain ki big move kabhi bhi vahan se a sakta hai isliye usko capture karne ke liye sideways mein bhi signal milenge aapko dekhne ke liye
Pine Script™ indicator
by iosfb60
1
Waldo RSI Overlay :oWaldo RSI Overlay :o Indicator Guide Welcome to the guide for the Waldo RSI Overlay :o indicator on TradingView. This tool enhances your trading analysis through RSI-based overlays for trend analysis, divergence detection, and breakout/breakdown signals when used with its companion indicator, Waldo RSI :o. Key Features: RSI Overlay: • RSI Source: Choose from: o ON RSI: Uses the RSI values directly to detect pivots, focusing on RSI highs and lows for trend analysis. o ON HIGH, ON CLOSE, ON LOW, ON OPEN: These options base pivot detection on price action at those specific points, offering an alternative market structure view. • RSI Settings: o Source: Default is (H+L)/2, but you can select any price for RSI calculation. o Length: Default RSI length is 7, which you can adjust for sensitivity. Trend Lines: • Show Trend Lines: Toggle to display trend lines based on pivot points. • Zigzag Length: Sets the sensitivity of pivot point detection. • Confirm Length: Ensures the validity of pivot points (default is 3). • Colors: Customize colors for Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL). • Transparency and Line Width: Control how trend lines and fills appear. • Label Size: Adjust the size of labels identifying pivot points. Divergences: • Classic Divergences: o Show Classic Div: Enable to highlight regular divergences where price and RSI move in opposite directions. o Colors: Define colors for bullish and bearish divergence lines and labels. o Transparency and Line Width: Adjust the visual impact of divergence signals. • Hidden Divergences: o Similar settings as classic, but these highlight divergences indicating trend continuation. Breakout/Breakdown: • Show Breakout/Breakdown: When activated, this feature signals when the price breaks through previous highs or lows. To activate these breakouts, you need the companion indicator Waldo RSI :o, select the SRC in the External section, and select the crossovers for each one. This combination provides RSI confirmation for breakout/breakdown events. Overbought/Oversold Zones: • Show Overbought and Oversold Zones: Bars are colored when RSI exceeds 70 (purple) or falls below 30 (blue), indicating potential market extremes. Moving Averages (Optional): • Show Moving Averages: Option to overlay two moving averages for trend confirmation. • Source, Type, Length: Customize each MA's configuration. Ghost Lines (Optional): • Ghost Lines: When enabled, trend lines extend for only a specified period (Ghost Length) instead of indefinitely. How to Use the Indicator: 1. Setup: o Configure RSI settings by choosing the RSI Source and adjusting the RSI Length to suit your trading style. o Set the Zigzag Length and Confirm Length for trend line sensitivity based on market volatility. 2. Trend Analysis: o Look at the colored horizontal lines and fills for HH, LH, HL, LL to discern market structure and potential reversal points. 3. Divergence Detection: o Identify divergences where price and RSI diverge. Regular divergences might signal trend exhaustion, while hidden ones could indicate trend persistence. 4. Breakout/Breakdown Signals: o Ensure you have both the Waldo RSI Overlay :o and Waldo RSI :o indicators applied. Green triangles below bars signal breakouts; red ones above indicate breakdowns, based on price movement with RSI confirmation from the companion indicator. 5. Overbought/Oversold: o Use these colored zones to spot potential momentum shifts or reversal areas. 6. Moving Averages on RSI: o If used, these can help confirm trends or identify crossover signals for additional trade confirmation. 7. Ghost Lines: o For a less cluttered chart, enable this to limit how far trend lines extend. Tips for Usage: • Always combine this indicator with other analytical tools for better confirmation. No single indicator should guide all decisions. • Adjust settings according to the asset's behavior and your trading timeframe. • Regularly review your settings as market dynamics change. Remember, trading involves risk, and past performance doesn't predict future outcomes. Use this indicator within a comprehensive trading strategy.
Pine Script™ indicator
by RSI_Trading_Concepts