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Bands and Channels

Elliott Wave Expert AdvisorElliott Wave Expert Advisor - Professional Wave Analysis Tool OVERVIEW -------- The Elliott Wave Expert Advisor is a comprehensive Pine Script indicator designed for TradingView that automates Elliott Wave analysis and generates high-probability trading signals. Built on Ralph Nelson Elliott's Wave Principle, this indicator identifies impulse wave patterns, validates them against strict Elliott Wave rules, and provides precise entry points with calculated risk management levels. CORE FUNCTIONALITY ------------------ 1. TREND DETECTION - Dual Moving Average system (Fast/Slow MA) - MACD confirmation for trend strength - Automatic trend classification (Uptrend/Downtrend/Sideways) - Only generates signals aligned with main trend 2. SWING POINT DETECTION - Automatic pivot high/low identification - Configurable sensitivity (lookback periods) - Minimum swing size filtering to reduce noise - ZigZag visualization connecting swing points 3. WAVE IDENTIFICATION - 5-wave impulse pattern recognition (1-2-3-4-5) - 3-wave corrective pattern detection (A-B-C) - Wave labels displayed on chart - Color-coded validation status (Blue = Valid, Orange = Pending) 4. ELLIOTT WAVE RULES VALIDATION Strictly enforces three cardinal rules: - Rule 1: Wave 2 never retraces more than 100% of Wave 1 - Rule 2: Wave 3 is never the shortest impulse wave - Rule 3: Wave 4 never overlaps Wave 1 price territory 5. FIBONACCI ANALYSIS - Automatic Fibonacci retracement calculations (23.6%, 38.2%, 50%, 61.8%, 78.6%) - Fibonacci extension projections (100%, 161.8%, 261.8%) - Wave 3 and Wave 5 target projections - Fibonacci-based Take Profit levels 6. SIGNAL GENERATION - Entry signals at Wave 2 completion (catch Wave 3) - Entry signals at Wave 4 completion (catch Wave 5) - Automatic Stop Loss placement below/above pivot points - Multiple Take Profit targets (TP1 at 1.618 extension, TP2 at Wave 5 projection) - Risk/Reward ratio calculation and filtering - Minimum R:R threshold (default 1.5:1) 7. VISUAL ELEMENTS - Pivot markers (H/L) showing swing highs and lows - ZigZag lines connecting swing points - Wave number labels (1-2-3-4-5) with validation colors - Entry signal arrows (Green = BUY, Red = SELL) - Stop Loss lines (Red dashed) - Take Profit lines (Green dashed and dotted) - Real-time status dashboard showing: * Number of pivots detected * Wave count progress (X/5) * Pattern validation status * Market trend direction * Signal active status * Helpful tips and guidance OPTIMAL USAGE ------------- • Timeframes: H1, H4, D1 (avoid M1-M5 due to noise) • Markets: Forex majors (EUR/USD, GBP/USD), Gold (XAU/USD), Major Cryptocurrencies • Market Conditions: Strong trending markets (avoid ranging/sideways conditions) • Risk Management: Never risk more than 1-2% per trade • Position Sizing: Based on calculated Stop Loss distance CONFIGURATION PARAMETERS ------------------------ Trend Detection: - MA Fast Period (default: 20) - MA Slow Period (default: 50) - MACD settings (12/26/9) Swing Detection: - Pivot Lookback Left/Right (default: 10/10, reduce to 5/5 for M15) - Min Swing Size % (default: 0.1%, reduce to 0.05% for M15) Wave Detection: - Min Wave Size % (default: 0.5%, reduce to 0.2-0.3% for smaller timeframes) Risk Management: - SL Buffer % (default: 0.1%) - TP1 Fibonacci Ratio (default: 1.618) - Min Risk/Reward (default: 1.5) Visualization: - Toggle visibility for MAs, ZigZag, Wave Labels, Signals, SL/TP - Customizable colors for all elements - Optional trend background coloring IMPORTANT NOTES --------------- • Elliott Wave analysis is subjective - this indicator implements one specific interpretation • Works best in trending markets; automatically suppresses signals in sideways conditions • Signals are NOT repainting after pivot confirmation • Not a "holy grail" - combine with other analysis and proper risk management • Requires patience - quality setups are infrequent but high-probability • Always backtest on historical data before live trading ELLIOTT WAVE THEORY BACKGROUND ------------------------------ Elliott Wave Theory, developed by Ralph Nelson Elliott in the 1930s, proposes that market prices move in predictable wave patterns driven by investor psychology. An impulse wave consists of five sub-waves (three in the trend direction, two corrections), followed by a three-wave correction. This indicator automates the identification of these patterns and validates them against Elliott's original rules. DISCLAIMER ---------- This indicator is for educational and informational purposes only. Past performance does not guarantee future results. Always conduct your own analysis and never trade with money you cannot afford to lose. The indicator provides signals based on technical analysis patterns and does not constitute financial advice. VERSION ------- v1.0 - Initial Release Pine Script v5 Created: 2024 SUPPORT ------- For detailed usage instructions, refer to the included documentation: - usage_guide.md - Complete user manual with examples - elliott_rules.md - Elliott Wave theory reference and implementation details
Pine Script® indicator
by phailamsaonana
Log Regression Channel (Dezza Fixed v2)This custom indicator builds a curved Logarithmic Regression Channel designed for long-term Bitcoin and macro asset analysis. It performs a linear regression on the logarithm of price to estimate the market’s fair-value growth curve, then converts that back into price space to form upper and lower deviation bands. It helps identify where price sits relative to its long-term exponential trend — showing potential overvaluation (upper band) or undervaluation (lower band) zones. Best used on weekly or monthly charts to visualise market cycles and fair-value reversion. Adjustable inputs let you control lookback length, band width, and midline visibility.
Pine Script® indicator
by batobato69
Log Regression Channel (Dezza)This custom indicator builds a curved Logarithmic Regression Channel designed for long-term Bitcoin and macro asset analysis. It performs a linear regression on the logarithm of price to estimate the market’s fair-value growth curve, then converts that back into price space to form upper and lower deviation bands. It helps identify where price sits relative to its long-term exponential trend — showing potential overvaluation (upper band) or undervaluation (lower band) zones. Best used on weekly or monthly charts to visualise market cycles and fair-value reversion. Adjustable inputs let you control lookback length, band width, and midline visibility.
Pine Script® indicator
by batobato69
martingle trading bot⚙️ Martingle Trading Bot — Complete Description The Martingle Trading Bot is a fully automated volatility-band visualization system that demonstrates the principles of breakout-based market logic combined with martingale-style position scaling. It is designed purely for educational, analytical, and backtesting visualization purposes on TradingView. This tool shows how a simple mathematical band system can be used to define intraday breakout regions, evaluate sequential trade logic, and visualize how martingale-style compounding affects a trade sequence when price fluctuates around daily reference levels. 🧠 Conceptual Overview The system works on a simple yet powerful market observation: markets oscillate within short-term ranges and occasionally break out beyond expected volatility envelopes. To capture and visualize these events, the Martingle Trading Bot uses a daily reset mechanism that defines a reference price, builds trading bands around it, and triggers theoretical buy/sell signals when price exceeds certain thresholds. 📅 1️⃣ Daily Reference Price (Central Core) Every trading day begins with a reference price — typically the daily open. This reference acts as the neutral center for the system’s calculations. The indicator resets this reference daily and adjusts when target zones are hit, maintaining realistic adaptive logic. 📊 2️⃣ Dynamic Bands and Target Zones From the reference price, the indicator constructs two key structures: - Primary Band Range – defines the immediate trading zone using the “band range.” - Target Band Range – extends beyond the primary band to define logical take-profit zones. Price action beyond these regions indicates directional expansion and potential breakout strength. 📈 3️⃣ Breakout Logic (Trade Signal Simulation) - When price crosses the upper band → bullish breakout condition. - When price crosses the lower band → bearish breakout condition. Each breakout is visualized on the chart and represents a theoretical position change. 🧮 4️⃣ Martingale Position Scaling When a breakout occurs against the prior position, the system multiplies or increments position size based on user-defined settings. This models martingale-style compounding and resets when a target is reached. It helps illustrate how scaling affects drawdown and recovery potential. 💹 5️⃣ Virtual PnL Tracking The indicator keeps virtual stats of profit/loss, win rate, and trade count. These metrics are illustrative only — no live or guaranteed results are implied. 🧭 6️⃣ Visual Chart Elements Buy/Sell labels, take-profit labels, quantities, and color-coded zones appear on the chart to clearly display trade logic and band structure. ⚙️ 7️⃣ User Inputs - Band Range - Target Distance - Initial Quantity - Martingle Quantity - Gap Detection Point - Label Display Toggles - Optional end-of-day reset 🧩 8️⃣ Use Cases Ideal for traders, developers, and educators who want to study breakout systems, risk progression, and position scaling. ⚠️ 9️⃣ Risk Disclosure This is not a live trading bot. It does not execute trades or guarantee profit. Martingale logic carries significant risk — consecutive losses can exponentially increase exposure. Use for study purposes only. 📜 License and Credits Developed by @algo_coders. Licensed under the Mozilla Public License 2.0 (MPL 2.0). Uses internal bar-counting functions for session management. 🧠 Summary The Martingle Trading Bot combines volatility envelopes, daily resets, and martingale scaling to visualize compounding risk behavior. It is an educational research tool for understanding probability-based trading concepts — not financial advice or a trading signal provider.
Pine Script® indicator
by algo_coders
1
BestCloudTrade — Zones (Auto Server)testing new indicator with auto zones updatestesting new indicator with auto zones updatestesting new indicator with auto zones updatestesting new indicator with auto zones updatestesting new indicator with auto zones updatestesting new indicator with auto zones updatestesting new indicator with auto zones updatestesting new indicator with auto zones updatestesting new indicator with auto zones updatestesting new indicator with auto zones updatestesting new indicator with auto zones updatestesting new indicator with auto zones updatestesting new indicator with auto zones updates
Pine Script® indicator
by Lastf1
Trendy Bands + Reversal SignalsTrendy Bands + Reversal Signals This is a versatile and powerful TradingView indicator that combines a dual Bollinger Bands system with momentum-based reversal signals. It's designed to help traders identify the prevailing trend, potential volatility expansions/contractions, and key reversal points in the market. Core Concept: The indicator uses two sets of Bollinger Bands with different standard deviation settings to create a "band within a band" structure. This visual setup makes it easier to gauge trend strength and spot potential breakouts or breakdowns. Additionally, it calculates a custom momentum oscillator to generate early warnings for potential trend reversals.
Pine Script® indicator
by nasalgotrading
[ICT V5 HOD/LOD]Adaptive Cutoff Logic: Automatically adjusts HOD/LOD calculation cutoff based on the instrument type (Forex or Indices). Gap Correction (1m Base): Detects and corrects overnight gaps for accurate HOD/LOD levels. Session Band (Optional): Visual 09/10:00–12:00 range highlighting, customizable by symbol type. Smart Reset System: Automatically resets all drawings and session markers at the start of each new trading day. Customizable Appearance: Choose colors, line thickness, transparency, and how many past sessions to keep. Hide After Noon (Optional): Clean chart mode that hides daily HOD/LOD lines after 12:00 local time.
Pine Script® indicator
by mariniuk
[Asian Range + Sweeps]Main Features Asian Range (S2) — fully configurable session band (start/end, hour:minute) with automatic detection and visual high/low markers. HOD/LOD (S1) — adaptive cutoff logic for Forex vs Indices, with optional manual override. Gap Correction — optional true HOD/LOD detection using a 1-minute base with overnight gap adjustment. Sweep Detection — real-time alerts for S1 and S2 sweeps, with independent cooldown control to avoid duplicate signals. Visual Controls — customizable colors, line thickness, and transparency. KeepDays Setting — allows you to manage how many past session drawings are preserved on the chart
Pine Script® indicator
by mariniuk
Trendilo + Adaptive Volatility Prediction AlgorithmTrendilo + Adaptive Volatility Prediction Algorithm Credit: Original Trendilo created by dudeowns. This version keeps the original trend logic and adds an algorithmic based volatility predictive method used in other proprietary, high end indicators I had created in the past. Timeframe and Usage: Designed for use on the 15m timeframe but can be used on any timeframe. Settings are available for tweaking and fine tuning based on your trading strategy and preferences. Note: In my testing I've found the 3D to be HIGHLY effective as determining major volatile breakouts after periods of consolidation. 3 Day chart example What this indicator shows: • 📈 Trend Line: A simple line plot showing the general direction of price (up, down, or neutral). • 🎨 Volatility Band: A colored visual layer that shows how tight or loose the market currently is. Volatility Color Meanings: • Transparent / Wide = Expanded (normal market movement) • 🔵 Blue = Normal volatility • 🟣 Purple = Compressed (price is tightening) • 🔴 Red = Highly Compressed (strong pressure build-up) • 💛 Yellow = Extremely Compressed (market is tightly coiled at a rare level) How to interpret / use this indicator This indicator does not predict direction. It shows how much volatile energy is building in the market for an upcoming move. The stronger the compression (Purple > Red > Yellow), the bigger the volatility release tends to be relative to recent price action. The yellow state is the most significant. It indicates the market is at extremely compressed levels and has enough energy stored for substantial and volatile movement. Display Panel: A small panel on the chart shows the current volatility condition in plain text for fast recognition.
Pine Script® indicator
by Witnessing_Soul
BK AK-13⚔️ BK AK-13 — The Mentor’s 13. Revealed on 11. Command the Band. Punish the Extremes. ⚔️ This is my 11th release—and that matters. 11 is a sacred number to me, so for release eleven I’m doing something I never planned to do: I’m putting my mentor’s secret 13 MA into the open. For years, this 13-based MA framework was part of our private playbook—quietly doing work behind the scenes. Now I’m handing it to you fully armed, because I believe in karma in, karma out: I took years of wisdom from the market. I took years of wisdom from the men who taught me. This is one of the ways I give back—with structure, respect, and intent. 🎖 Full Credit — Respect the Origin The core architecture of BK AK-13 is not mine. It stands firmly on the work of DZIV. What comes from DZIV: The Heikin Ashi MA engine (MA calculated on HA Open/High/Low/Close) The multi-MA engine on the HA feed (ALMA / HMA / SMA / RMA / VWMA / WMA / ZLEMA / EMA) The Body / Wick / Band zone classification for price The dynamic body & wick clouds that give this structure its clean visual form If this framework changes the way you see trend and price location, remember the name: DZIV. On top of his backbone, I forged the BK AK-13 enhancement layer: trend-strength regimes, background modes, structured band-reversal arrows, momentum acceleration dots, extreme pivot markers, historical band-touch rails, the info panel, and a complete alert suite. And as always, the “AK” in the name is not branding—it’s honor. It belongs to my mentor A.K. His secret 13 MA is the spine of this system, and his obsession with clarity, patience, and zero shortcuts sits behind every decision in this tool. Above that, all glory and gratitude to Gd—the real source of any wisdom, edge, or endurance we have in this game. 🧠 Why “BK AK-13”? BK — my mark, the house I’m building. AK — my mentor, the standard I’m still chasing. 13 — his secret moving average, the length that quietly shaped how I see trend, location, and pressure. For years, 13 stayed off the public record—used, not discussed. Now, on indicator number 11, I’m putting that weapon in the open: 11th release. Sacred number. Secret 13 revealed, not for hype—but as karmic give-back. Karma in. Karma out. 🧱 What BK AK-13 Actually Is BK AK-13 is a Heikin Ashi MA battle band with a brain and a conscience. It does three big things: Builds a smoothed HA-MA band using Heikin Ashi OHLC to create a cleaner, truer band around price. Maps price into zones: Body, Upper Wick, Lower Wick, Above Band, Below Band—so every bar has a role. Assigns a trend regime by computing a normalized trend-strength %, classifying the environment as Weak / Normal / Strong / Extreme. You’re never guessing: Is this real trend or just drift? Am I in the spine, the wick, or off the rails? Is this where I press, fade, or stand down? The band, zones, and regimes answer that for you. 🎨 Visual Architecture — Band, Clouds, Regimes Body & Wick Clouds (DZIV’s craft) Body cloud between HA-MA Open & Close. Wick clouds between body and HA-MA High/Low. Color follows trend: bull, bear, or neutral. You’re not decoding noisy candles—you’re reading the spine and skin of the move. Background Regime Modes (BK layer) Standard – background always on, soft trend-follow color. Hybrid (Extreme + Breaks) – lights only on extreme trend states or reversal break events. Hybrid (Strong/Extreme + Breaks) – shows strong & extreme regimes, darker tone on true extremes. Breaks Only – background flashes only on reversal arrows. When the background goes quiet, you’re in ordinary flow. When it lights up, something is strategic, not cosmetic. 🎯 Weapons Inside BK AK-13 ⭐ Trend Change Stars Stars appear when the internal band trend crosses zero: bull star when it flips negative → positive, bear star from positive → negative. They’re your pivot flags for swing shifts when aligned with your higher timeframe bias. 🔁 Band Reversal Arrows — Edge Flip Logic Not every band tap—only structured reversals: Reversal Down (short idea): first a break of the upper band, then later, for the first time, a break of the lower band. Reversal Up (long idea): first a break of the lower band, then later, for the first time, a break of the upper band. You can require a close outside the band and set a minimum break distance (% of band range) so only real punches count. These arrows mark campaign flips, not noise. 💡 Momentum Acceleration Dots In strong trend regimes only: Green dot = trend accelerating in its own direction (uptrend steepening, downtrend deepening). Red dot = trend decelerating, even if direction hasn’t flipped yet. They protect you from chasing late when the engine is dying and from staying stubborn when momentum is bleeding out. ⚠ Extreme Pivot Markers Pivot highs/lows are found with a configurable lookback and only marked when trend strength at that pivot bar is above your threshold. You’ll see ⚠ above likely exhaustion tops in strong bulls and ⚠ below likely exhaustion lows in strong bears—perfect for final scale-outs, countertrend scouts, and knowing where campaigns commonly run out of blood. 📏 Historical Band-Touch Rails Over your lookback window, BK AK-13 tracks the highest upper band touch and lowest lower band touch, drawing them as dashed rails. They’re dynamic SR built from real band extremes—ideal for trend targets, fade zones, and stop/scale-out context. 🧭 Info Panel — On-Chart War Room The Info Panel compresses everything into a single strip: direction + strength codes (BULL STR, BEAR EXT, NEUT WEAK), four segments that brighten as |trend| climbs from weak → normal → strong → extreme, and a zone + deviation label (BDY/UW/LW/AB/BL × OK/AL/EX). Hover and you get a full tactical brief: trend, momentum change, acceleration, band levels, distances to upper/lower/nearest band in ticks, outer-band streaks, strategic state, plus “Action” guidance and a “What-if” forward scenario. It doesn’t just tell you where you are—it pushes you toward a structured thought process on each bar. 🕹 How to Use BK AK-13 with Intent 1️⃣ Trend-Rider Mode In Strong/Extreme bull with price in Body or Lower Wick: buy dips into the band (mid/lower) instead of chasing tops; target the upper band / upper rail while structure holds. In Strong/Extreme bear with price in Body or Upper Wick: sell rallies into the band; target lower band / lower rail while acceleration stays healthy. The band defines where you’re allowed to do business. 2️⃣ Extreme Snapback Hunter Prime conditions: trend tagged Extreme, price pressed into the outer band in trend direction, strategic state lit + Hybrid background active. That’s where pressing fresh risk often flips from reward to punishment. Use it to stop adding, start harvesting, or launch controlled mean-reversion probes back to the midline—if your system and risk rules allow it. 3️⃣ Exhaustion & Turn Zones Watch for confluence: red momentum dots, extreme pivot ⚠ markers, a reversal arrow, and a nearby historical rail or your own key level (Fibs, VWAP, volume structure, etc.). That’s where campaigns often end, traps are set, and new campaigns begin. 🔔 Alerts — The Chart Calls You Included alerts: Bullish/Bearish Trend Change, Strategic Extreme at Outer Band, Reversal Up/Down, Extreme Pivot High/Low, and Body Zone Entry during Strong Trend. Use them so you respond to events, not impulses. 🔧 Tuning the Extremes — Help Me Perfect the Advanced Side The extreme thresholds and advanced features are powerful but sensitive, and there is no single perfect universal setting. I’m still tuning them myself across instruments and timeframes: strong/extreme trend thresholds, extreme background thresholds, momentum acceleration threshold, pivot lookback + pivot trend filter, band-touch lookback, and minimum break distance for reversals. Different markets and timeframes breathe differently. If you find killer settings for a specific symbol + timeframe, please share: Instrument & timeframe Your tuned values for extremes and advanced modules A few charts showing why they work Experiment. Dial it in. Then share your best settings for the extremes and advanced features. Let this become a crowd-forged battle manual: I gave you the engine, you tune it to your battleground, and we all benefit from what’s discovered in live fire. Karma in. Karma out. 🤝 Pay It Forward If BK AK-13 sharpens your read, don’t just flex screenshots—teach structure. Show newer traders body vs wick vs edge. Talk about when you didn’t take a trade because the band said “danger,” not just the wins. Share your settings, charts, and lessons—especially around the extremes and advanced modules. I’m sharing a mentor’s secret on release 11 for a reason. If it blesses you, don’t let it stop with you. 📜 King Solomon’s Lens King Solomon said: “The prudent sees danger and hides himself, but the simple go on and suffer for it.” BK AK-13 is built exactly around that dividing line: the simple chase candles at the outer band in extreme regimes and get punished; the prudent see danger in the structure, hide their size, hedge, or reverse with intent. This indicator won’t make you prudent. It just removes your excuse for being simple. ⚔️ BK AK-13 — The mentor’s secret 13, revealed on 11. Let the band define the field. Let wisdom define your strike. May Gd bless your eyes, your patience, your settings, and every decision you make at the edge. 🙏
Pine Script® indicator
by Ki11a_B
3
MEREEP version 2 of air gap scannerMEREEP version 2 of air gap scanner – SummaryThis Pine Script (v6) detects and counts "air gaps" on the 4-hour timeframe, then displays the results in a clean on-chart table — exactly like the Pine Screener in your screenshot.What It DoesScans 4-hour candles for true gaps:Gap = true when:Current 4h high < previous 4h low → down gap Current 4h low > previous 4h high → up gap Counts gaps over four rolling windows:Window Meaning Last 34 4h bars → "34/50" Last 50 4h bars → "34/50" Last 5 4h bars → "5/12" Last 12 4h bars → "5/12" Shows results in a compact table (top-right of chart): 4h Gap 34/50 → 522 (e.g. BTCUSD) 4h Gap 5/12 → 3,427 4h Gap 50 & 12 → 980 → Exact match to your screener values. Key FeaturesFeature Status Works on any chart timeframe Yes (uses 4h data internally) Real-time updates Yes No screener.add_column errors Yes (uses table) No ta.sum errors Yes (uses sum() / math.sum) shorttitle ≤ 10 chars Yes ("GapScan") No syntax errors Yes Example Output (BTCUSD)Metric Value Gaps in last 34 of 50 4h bars 522 Gaps in last 5 of 12 4h bars 3,427 Gaps in last 50 & 12 4h bars 980 → Identical to your TradingView Pine ScreenerUse CaseScan any symbol for unusual 4h gap activity Spot potential volatility or institutional moves Works on stocks, crypto, forex, futures
Pine Script® indicator
by chandrashekar_thippani
Hybrid Linear Regression Channel with Fibonacci LevelsHow to Use the LRC Fib Hybrid Indicator (Detailed Guide) 1. Read the Trend 2.The thick blue line is the linear regression midline. If it’s sloping upward → uptrend (favor longs). If sloping downward → downtrend (favor shorts). The gray channel bounds are ±2 standard deviations (adjustable). 3. Understand Fibonacci Levels Fib lines are projected parallel to the regression slope using the channel width as 100%: Red dashed lines (0.0 to 0.786): Support zones in uptrends. Blue dashed line (0.5): Midline/neutral. Green dashed lines (1.0 to 2.618): Resistance zones in downtrends. Strongest levels: 0.618 (support) and 1.618 (resistance). 4. Buy Signal (Long Entry) Triggered when: Midline is rising (uptrend confirmed). Price crosses above a red Fib level (0.0–0.786). Volume > 20-period average (if confirmation enabled). Action: Enter long on the green triangle (▲). Stop Loss: Below the lower gray channel or recent swing low. Take Profit: At 1.0, 1.272, or 1.618 green Fibs. 5. Sell Signal (Short Entry) Triggered when: Midline is falling (downtrend). Price crosses below a green Fib level (1.272–2.618). Volume > average. Action: Enter short on the red triangle (▼). Stop Loss: Above the upper gray channel. Take Profit: At 1.0, 0.786, or 0.618 red Fibs. 6. Use the Info Table (Bottom-Right) Shows live prices of all Fib levels, current trend ("Up"/"Down"), and signal status ("BUY"/"SELL"/"None"). 7. Customize via Settings (Gear Icon) Regression Length: 50–200 (shorter = faster response). Std Dev Multiplier: 1.5–3.0 (tighter/wider channel). Toggle Fibs: Hide unused levels to declutter. Volume Confirmation: Turn off for pure price action. 8. Set Alerts Right-click chart → Add Alert → Select "Buy Signal" or "Sell Signal" → Enable popup/email/webhook. 9. Best Practices Best in trending markets (avoid chop). Wait for volume spike on bounce. Combine with higher timeframe bias. Use 0.618/1.618 as primary reversal zones. This indicator gives you adaptive trend, precise entries, volume filter, and dynamic targets — all in one clean overlay.
Pine Script® indicator
by TruSignal_Strategies
RMBS Smart Detector - Multi-Factor Momentum System v2# RMBS Smart Detector - Multi-Factor Momentum System ## Overview RMBS (Smart Detector - Multi-Factor Momentum System) is a proprietary scoring method developed by Ario, combining normalized RSI and Bollinger band positioning into a single composite metric. --- ## Core Methodology ### Buy/Sell Logic  Marker (green or red )appear when **all four filters** pass: **1. RMBS Score (Momentum Strength)** From the formula Bellow Combined Range: -10 (extreme bearish) to +10 (extreme bullish) Signal Thresholds: • BUY: Score > +3.0 • SELL: Score < -3.0 2. EMA Trend Filter BUY: EMA(21) > EMA(55) → Uptrend confirmed SELL: EMA(21) < EMA(55) → Downtrend confirmed 3. ADX Strength Filter Minimum ADX: 25 (adjustable 20-30) ADX > 25: Trending market → Signal allowed ADX < 25: Range-bound → Signal blocked 4. Alternating Logic Prevents signal spam by requiring alternation: ✓ BUY → SELL → BUY (allowed) ✗ BUY → BUY → BUY (blocked) ________________________________________ Mathematical Foundation RMBS Formula: scoring method developed by Ario RMBS = (RSI – 50) / 10 + ((BB_pos – 50) / 10) where: • RSI = Relative Strength Index (close, L) • BB_pos = (Close – (SMA – 2 σ)) / ((SMA + 2 σ) – (SMA – 2 σ)) × 100 • σ = standard deviation of close over lookback L • SMA = simple moving average of close over lookback L • L = rmbs_length (period setting) This produces a normalized composite score around zero: • Positive → bullish momentum and upper band dominance • Negative → bearish momentum and lower band pressure • Near 0 → neutral or transitional zone Input Parameters ADX Threshold (default: 25) • Lower (20-23): More signals, less filtering • Higher (28-30): Fewer signals, stronger trends • Recommended: 25 for balanced filtering Signal Thresholds • BUY: +3.0 (adjustable) • SELL: -3.0 (adjustable) Visual Options • Marker colors • Background highlights • Alert settings ________________________________________ Usage Guidelines How to Interpret • 🟢 Green Marker: All conditions met for Bull condition • 🔴 Red Marker: All conditions met for Bear condition • No Marker: Waiting for confirmation ________________________________________ Important Disclaimers ⚠️ Educational Purpose Only • This tool demonstrates multi-factor technical analysis concepts • Not financial advice or trade recommendations • No guarantee of profitability ⚠️ Known Limitations • Less effective in ranging/choppy markets • Requires proper risk management (stop-loss, position sizing) • Should be combined with fundamental analysis ⚠️ Risk Warning Trading involves substantial risk of loss. Past performance does not indicate future results. Always conduct your own research and consult professionals before trading. ________________________________________ Open Source Full Pine Script code available for educational study and modification. Feedback and improvement suggestions welcome. “All logic is presented for research and educational visualization.”
Pine Script® indicator
by Ario_pinelab
1
LinReg Bias MTF + Trading Scenario [Multi-Asset]LinReg Bias MTF + Trading Scenario Advanced multi-timeframe linear regression indicator with automated trading scenarios for Forex, Commodities, and Indices. KEY FEATURES: Multi-timeframe bias analysis (H4, H1, M30/M15) Linear regression channel with standard deviation bands Pre-optimized profiles for Forex Majors, Gold, Crude Oil (CL), Copper, US Indices (ES/NQ), and DAX Automated trading setups with Entry, Stop Loss, and Target levels Real-time scenario analysis with reliability score (1-5 stars) Risk/Reward calculator with minimum RR filter Smart recommended actions based on market conditions HOW IT WORKS: The indicator calculates linear regression slopes on 3 timeframes and determines directional bias when slope exceeds threshold AND R² confirms trend quality. When all timeframes align (state = 2), it generates complete trading setups with entry at midline, stop at channel band, and target at opposite band (extended on very strong trends). SIGNALS: ✅ Green Background = All TF aligned (STRONG BIAS) - High probability trade zone 🟡 Yellow Background = H4+H1 agree, LTF diverges - Setup building, monitor for alignment 🔴 Red Background = H4/H1 conflict - Avoid trading, wait for clarification RECOMMENDED ACTIONS: Smart panel displays context-aware advice based on current market condition: Aggressive entries on strong trends with extended targets Conservative approach during corrections No-trade zones during conflicts Position sizing suggestions based on setup confidence ALERTS AVAILABLE: Strong Bias Confirmed - All TF aligned Trading Setup Ready - Entry, SL, and Target defined Channel Exit - Price broke regression channel Conflict Alert - Timeframes in disagreement R² Below Threshold - Bias invalidated BEST FOR: Swing traders and intraday traders seeking high-probability setups with multi-timeframe confirmation. Works across multiple asset classes with optimized parameters for each market. 🇮🇹 VERSIONE ITALIANA LinReg Bias MTF + Scenario Operativo Indicatore avanzato di regressione lineare multi-timeframe con scenari operativi automatizzati per Forex, Commodities e Indici. CARATTERISTICHE PRINCIPALI: Analisi bias su 3 timeframe (H4, H1, M30/M15) Canale di regressione lineare con bande di deviazione standard Profili pre-ottimizzati per Forex Majors, Oro, Petrolio (CL), Rame, Indici USA (ES/NQ) e DAX Setup operativi automatici con Entry, Stop Loss e Target Analisi scenario in tempo reale con punteggio affidabilità (1-5 stelle) Calcolatore Risk/Reward con filtro RR minimo Azioni consigliate intelligenti basate sulle condizioni di mercato COME FUNZIONA: L'indicatore calcola le pendenze di regressione lineare su 3 timeframe e determina il bias direzionale quando la pendenza supera la soglia E l'R² conferma la qualità del trend. Quando tutti i timeframe sono allineati (state = 2), genera setup completi con entry sulla midline, stop sulla banda del canale e target sulla banda opposta (esteso su trend molto forti). SEGNALI: ✅ Sfondo Verde = Tutti i TF allineati (BIAS FORTE) - Zona operativa ad alta probabilità 🟡 Sfondo Giallo = H4+H1 concordi, LTF diverge - Setup in costruzione, monitorare per allineamento 🔴 Sfondo Rosso = Conflitto H4/H1 - Evitare operazioni, attendere chiarimento AZIONI CONSIGLIATE: Il pannello intelligente mostra suggerimenti contestuali basati sulla condizione di mercato: Entry aggressive su trend forti con target estesi Approccio conservativo durante correzioni Zone no-trade durante conflitti Suggerimenti sul sizing in base alla confidenza del setup ALERT DISPONIBILI: Bias Forte Confermato - Tutti i TF allineati Setup Operativo Pronto - Entry, SL e Target definiti Uscita dal Canale - Prezzo uscito dal canale di regressione Allerta Conflitto - Timeframe in disaccordo R² Sotto Soglia - Bias invalidato IDEALE PER: Swing trader e intraday trader che cercano setup ad alta probabilità con conferma multi-timeframe. Funziona su diverse classi di asset con parametri ottimizzati per ogni mercato.
Pine Script® indicator
by Bufaga