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Bands and Channels

Reversal Entry on StdDev & ICT LevelsThis custom indicator combines Standard Deviation Channels with ICT Killzone session levels to identify high-probability reversal entries. It triggers long/short signals when: Price extends beyond ±2 standard deviations (overbought/oversold conditions) A reversal wick (e.g., pin bar or hammer) confirms exhaustion Price bounces off a key session level (e.g., NYAM high or low) The tool visually plots deviation bands and session ranges, helping traders identify smart entry points aligned with market structure and time-based liquidity zones. Suitable for scalpers and intraday traders using ICT concepts.
Pine Script® indicator
by TB512
Funnelzon Graded Buy and Sell Signals (LITE) MFI MTFFunnelzon Buy and Sell Signals (EMA Zones) – LITE is a lightweight overlay indicator built for scalping and short-term trading. It generates BUY/SELL signals, grades each signal (A+ to F), and provides a clean Confirmation Box that summarizes multi-timeframe context so you can make faster, more structured decisions. How it works Signal Engine (LTF) Signals are triggered using an ATR-based “scalp helper” logic with adjustable sensitivity. A stop-state system helps reduce repeated or noisy entries. Signal Scoring & Grades (A+ → F) When a signal appears, it is evaluated by a context pipeline that considers: Adaptive momentum/flow (AMF) ALMA trend alignment Support/Resistance proximity Swing structure behavior Market regime / trend strength (ADX-based) The result is a score mapped to a grade: A+ / A = strongest signals B / C = mixed conditions D / F = low-quality conditions Optional Filters MFI Filter: Helps avoid signals that do not meet Money Flow conditions. HTF Confirmation (MTF): Uses HTF1 and HTF2 bias. Choose strict filtering or soft alignment. Confirmation Box (Dashboard) The box displays: HTF State: Trend Long / Trend Short / HTF Conflict / Neutral Market Mode: Trend / Pullback / Conflict Trade Bias: Long-only / Short-only / Wait ENTRY NOW? = “YES” when HTF bias and LTF signal align MFI status + HTF1/HTF2 direction Optional Structure Tools EMA overlays: 9 / 12 / 20 / 50 / 100 / 200 Auto Supply/Demand zones (pivot-based, ATR thickness, configurable extension and limits) Best practices (recommended workflow) Prefer trading A+ / A signals only. Trade in the direction of HTF State when possible. If Market Mode shows PULLBACK or CONFLICT, reduce risk or wait for better alignment. Use Supply/Demand zones and EMAs for structure (targets, invalidation, and bias). Important: Confirmation with Stochastic + MACD This script is a signal + context tool, not a guarantee. To validate signal confirmation, it is strongly recommended to use: Stochastic Oscillator (momentum/exhaustion confirmation) MACD (trend momentum and direction confirmation) Only take trades when the script signal and your confirmation indicators agree. Alerts Includes alert conditions for: Buy Signal Sell Signal Any Signal ENTRY NOW (HTF + LTF aligned) ENTRY NOW Long / ENTRY NOW Short Disclaimer This indicator is for educational purposes and does not constitute financial advice. Always backtest, manage risk, and confirm signals with your own rules.
Pine Script® indicator
by funnelzon
1
AUTO FIB PRO - VWAP Bias and Retrace Breakouts (DAX NQ) v6AUTO FIB PRO by funnelzon automatically detects swing points (pivot highs/lows), draws dynamic Fibonacci levels, highlights the key retracement area (0.236–0.618), and prints continuation-style BUY/SELL signals after a retrace. It also includes VWAP + VWAP zone (ATR-based), a configurable trend filter (EMA200 / HTF EMA200 / VWAP / combined “BEST”), session & volatility filters, a CHOP blocker, a top-right “traffic light” status panel, and optional manual R/S zones (R1–R4 & S1–S4) with width presets and background highlighting. 1) Auto Swing → Auto Fibonacci The script detects swing points using pivot highs/lows. Once two valid swing points are available (P1 → P2), it plots Fibonacci levels: 0.236 / 0.382 / 0.500 / 0.618 / 0.786 / 1.000 Lines extend to the right and update automatically with new swings. 2) Retracement Box (0.236–0.618) The yellow retracement box marks the key pullback area between 0.236 and 0.618. Optional ATR padding can slightly widen the box (helps with “near touches”). 3) VWAP + VWAP Zone + VWAP Bias Label VWAP line is optional. VWAP zone is an ATR-based band around VWAP. Bias label shows: BULL / BEAR / NEUTRAL, placed outside the chart (left/right selectable). 4) Filters (to avoid low-quality market phases) Session Filter (DAX / NQ sessions in CET) ATR-Min Filter (blocks low volatility) CHOP Filter (blocks markets that get “stuck” inside the retracement zone for too long) 5) Signals (Continuation After Retrace) Default behavior (Continuation ON): Retracement zone must be touched first (setup becomes “armed”). Signal triggers only when price breaks out across the box edge: BUY: crossover above retrace top + bullish candle + filters OK SELL: crossunder below retrace bottom + bearish candle + filters OK Alternative (Continuation OFF): More aggressive signals can trigger already inside the retracement box. 6) Signal Quality Modes MORE Trades: looser rules, more signals (optional counter-trend allowed) A+ ONLY: stricter rules (RSI + EMA slope + trend alignment) 7) Traffic-Light Panel (Top Right) Shows in real time: Auto preset type (DAX/NQ + Scalp/Swing + FAST/STABLE) STATUS: TRADE OK / NO TRADE (and the reason) Direction: LONG / SHORT / WAIT Selected trend filter mode VWAP bias Pivot length 8) Manual Support/Resistance Zones (R1–R4 & S1–S4) 8 zones as price “areas” (boxes), extended left/right in time Width presets: Narrow / Normal / Wide or Manual (Points/ATR) Optional background highlighting when price is inside a zone Key Features Auto Swing Detection (Pivot High/Low) → builds P1 → P2 swing Auto Fibonacci Levels: 0.236 / 0.382 / 0.500 / 0.618 / 0.786 / 1.000 Retracement Box: 0.236–0.618 (+ optional ATR padding) VWAP Line + VWAP Zone (ATR-based) VWAP Bias Label: BULL / BEAR / NEUTRAL (outside the chart) Trend Filter Modes: OFF / EMA200 / HTF EMA200 / VWAP / HTF EMA200 + VWAP (BEST) Trade Quality Modes: MORE Trades (looser, more signals) A+ ONLY (stricter: RSI + EMA slope + trend alignment) Gate Filters: Session filter (DAX / NQ CET sessions) ATR-min filter (blocks low volatility) CHOP filter (blocks extended sideways inside retrace zone) Traffic Light Panel (Top Right): STATUS, DIR, FILTER, VWAP BIAS, PivotLen Manual Zones (R1–R4 / S1–S4): Width presets: Narrow / Normal / Wide (or Manual via Points/ATR) Optional background highlight when price is inside a zone Signals (Logic) Default (Continuation ON): Setup becomes “armed” after retracement zone touch Signal triggers only on breakout: BUY: close crosses above retrace top + bullish candle + filters OK SELL: close crosses below retrace bottom + bearish candle + filters OK Continuation OFF: more aggressive signals can trigger already inside the retracement box. Recommended Setup (Quick Presets) Clean & Reliable (recommended) Auto Presets: ON Mode: AUTO / SCALP (1/5/15) Auto Fib Mode: STABLE Quality: A+ ONLY Continuation: ON Trend Filter: HTF EMA200 + VWAP (BEST) Session filter: ON ATR-min: ON CHOP filter: ON More Trades Auto Fib Mode: FAST Quality: MORE Trades Trend Filter: VWAP or EMA200 FAQ (Quick) Q: Why do I see “NO TRADE” in the panel? A: One of the gate filters blocks signals (outside session, ATR too low, or CHOP detected). Q: Why no signals even though price is moving? A: A valid swing (P1→P2) must exist, retrace zone must be touched (Continuation ON), and trend/quality filters must pass. Q: What does CHOP mean here? A: Price stayed inside the retracement zone for too many bars → higher noise → signals disabled until conditions improve. Q: DAX vs NQ feels different — what should I change first? A: Start with Market Preset, then adjust VWAP zone ATR mult and CHOP bars limit. Disclaimer Educational/analytical tool only. Not financial advice. Use risk management and confirm signals with market context.
Pine Script® indicator
by funnelzon
1
BRN Dual Momento DUAL MOMENTUM PRO V17.6 is a high-performance technical indicator designed to filter out market noise and identify high-probability trend entries. Unlike simple moving average crossovers, this system employs a hierarchical logic structure: a signal is only generated when price action, trend direction, and volatility momentum are in perfect alignment. The system features a Cyan (Bullish) and Magenta (Bearish) visual identity, with a dynamic Gradient Cloud that visualizes the intensity of the market momentum in real-time. HOW IT WORKS The indicator processes market data in three distinct stages: 1. The Core Engine (The Trigger) Before looking at any indicators, the system validates the price action itself: Trend Alignment: Price must close above (for Buy) or below (for Sell) two customizable Moving Averages (Fast & Slow). You can configure the type (HMA, EMA, SMA, etc.) and length of each. Candle Body Strength: The signal candle must show real intention. Its body size is compared to the average of the last X candles. Dojis and weak candles are ignored. 2. The Validation Layer (The Filters) Once the Core Trigger is met, the signal must pass through a strict checklist to be confirmed: ATR Breakout Filter: Prevents trading in choppy/sideways markets. The price must break out of the ATR Volatility Channel to confirm a valid move. RSI Thresholds: Smart filtering that defines "Buy Zones" and "Sell Zones," avoiding entries at extreme overbought or oversold levels. MACD Confirmation: Ensures the momentum histogram supports the direction of the trade. Momentum Expansion: (Optional) Requires the distance between the Moving Averages to be expanding, ensuring you enter during acceleration, not contraction. 3. Visual Intelligence (The Aesthetics) Dynamic Gradient Cloud: The space between the moving averages is filled with a dynamic gradient color. The more intense the color, the stronger the momentum. Note: The visual cloud is independent of the signal logic. You can keep the visual cloud on while turning off the momentum filter, giving you full control over your chart's aesthetics. Clean Interface: Focus purely on Price, MAs, and Signals. No clutter. SETTINGS & CUSTOMIZATION Group 1 (Core): Configure your Fast/Slow MAs (Type & Length) and Candle Strength sensitivity. Group 2 (Filters): Toggle every filter On/Off independently (ATR Channel, RSI, MACD, Momentum). Group 3 (Visual): Customize the Cyan/Magenta color palette, toggle the ATR Channel lines, and control the Gradient Cloud visibility. STRATEGY TIPS The "Cyan" Signal: Indicates a confirmed Bullish Breakout with volume and momentum support. The "Magenta" Signal: Indicates a confirmed Bearish Breakdown. Ping-Pong Mode: The script includes an alternating signal mode (Buy -> Sell -> Buy), preventing multiple signals in the same direction. Perfect for traders looking for a "clean chart" approach with sophisticated underlying logic. Tradução Rápida dos Pontos Chave (Resumo): Hierarchical Logic: Explica que o indicador segue uma ordem (Gatilho -> Filtros). ATR Breakout: Destaca que ele evita mercados laterais (choppy). Gradient Cloud: Enfatiza a nuvem visual de momentum. Cyan/Magenta: Reforça a identidade visual moderna que você escolheu.
Pine Script® indicator
by arqbrunobelinato
Regression ChannelAn enhanced version of TradingView's Linear Regression Channel that displays multiple upper and lower deviation channels with support for both linear and exponential regression models. Getting Started & Usage This indicator overlays a regression channel with up to 4 customizable standard deviation levels above and below the regression line. By default, it uses linear regression, but you can switch to an exponential regression model for curved price trends. For detailed explanations of the statistical concepts and additional usage examples, please visit the documentation .
Pine Script® indicator
by ZenithClown
1
Rolling VWAP - Clean Tunnel Bands (Consecutive Fills)Advanced Rolling Volume Weighted Average Price (RVWAP) indicator with 10 standard deviation bands arranged in clean consecutive zones without overlap. Key Features: • Real-time Rolling VWAP calculated over a time-based window (auto or user-defined) • 10 deviation levels: 0.5σ to 5.0σ • "Tunnel" visual effect: very transparent bands near VWAP, progressively more opaque toward extremes • Consecutive fill system (no overlapping fills between bands) • Individual control for each band: toggle visibility + independent transparency slider • Automatic timeframe-based period or custom fixed period (Days/Hours/Minutes) • Minimum bars protection to prevent calculation errors during market gaps and holidays • Optional info box showing current period Ideal for: - Spotting extreme price deviations - Mean reversion strategies - Volatility analysis - Support/resistance zone identification - Clean visual tunnel for better readability Based on TradingView's official "Rolling VWAP" indicator, heavily enhanced with clean consecutive fills and full per-band customization. Recommended default transparency (higher = more transparent): - Inner bands (0.5σ–1.5σ): 93–98 - Middle bands (2.0σ–3.0σ): 77–89 - Outer bands (3.5σ–5.0σ): 32–68 Enjoy and trade responsibly!
Pine Script® indicator
by RobertoBenedit
Multi-Timeframe Trading SystemIntegrating Multi-Timeframe Trading Analysis: A Comprehensive Approach to Market Structure and Trend Identification In the dynamic landscape of financial markets, traders continually seek robust analytical frameworks that can synthesize diverse market signals into a coherent decision-support system. This script represents a deliberate integration of several established technical analysis concepts, designed to provide a multi-perspective view of market conditions. The rationale for this integration stems from the recognition that no single indicator provides a complete picture; rather, a confluence of signals from different analytical dimensions can enhance the probability of identifying high-quality trading opportunities. The core design principle of this script is the synthesis of trend analysis, momentum assessment, and market structure identification across multiple timeframes. This multi-layered approach is grounded in the widely accepted market axiom that higher timeframes exert gravitational pull on lower timeframes, and that the alignment of signals across temporal scales often precedes significant price movements. Functional Components and Their Synergistic Operation The script operates through several interconnected modules that work in concert: Multi-Timeframe Trend Analysis Dashboard: At the heart of the system is a comparative trend analysis across six distinct timeframes (3-minute to daily). This is achieved using Exponential Moving Average (EMA) crossovers—a proven trend-following mechanism. The dashboard provides instantaneous visual feedback about trend alignment or divergence across timeframes, allowing traders to gauge the strength and consistency of prevailing market trends. When multiple timeframes exhibit congruent trend directions, it suggests a higher-conviction trading environment. EMA-Based Trend Filtering: The script employs dual EMA periods (55 and 200) as its primary trend filter. The relationship between these moving averages serves as the foundation for all subsequent analysis, coloring price bars according to the dominant trend direction. This visual cue helps traders maintain perspective on the broader market context, preventing counter-trend entries during strong trending phases. Momentum Assessment via RSI: The Relative Strength Index (RSI) operates as a complementary momentum oscillator. While the EMA system identifies trend direction, the RSI helps assess whether price movement within that trend is approaching overextended conditions. The script monitors RSI levels for traditional overbought and oversold thresholds, providing alerts when these conditions emerge. Market Structure Analysis through Swing Points and Fractals: The automated detection of swing highs and lows forms the basis for understanding market structure. These pivot points are essential for identifying potential support/resistance zones and charting the sequence of higher highs/lows or lower highs/lows that characterize trending versus ranging markets. The fractal detection system further refines this structural analysis by identifying minor reversal points within the broader swing structure. Fair Value Gap (FVG) Identification: The script automatically detects price voids or "gaps" that often act as magnetic attractors for future price action. These FVGs represent areas of inefficient price discovery where liquidity tends to cluster, making them significant for both trade entry and risk management decisions. Automated Trendline Construction: By connecting successive swing points, the script dynamically draws trendlines that visualize the prevailing market trajectory. These trendlines serve as dynamic support/resistance levels that adapt to changing market conditions. Practical Application and Usage Guidelines Traders can utilize this integrated system in several practical ways: Trend Confirmation: Before entering any position, check the multi-timeframe dashboard for trend alignment. Convergent trends across multiple timeframes generally offer higher-probability trading environments. Entry Timing: Use RSI extremes in conjunction with trend direction. For instance, in an established uptrend (confirmed by EMA alignment), an RSI reading dipping into oversold territory may present a favorable long entry opportunity. Structural Analysis: Monitor the sequence of swing points to identify potential breakouts or breakdowns in market structure. A break of a significant swing point often signals acceleration in the prevailing trend. Fair Value Gap Trading: Watch for price returns to previously identified FVGs, as these zones frequently provide favorable risk-reward entry points with logical stop-loss placement beyond the gap boundaries. Dynamic Support/Resistance: Utilize the automatically drawn trendlines as dynamic levels for trade management, including entry, stop-loss placement, and profit-taking. Originality and Distinctive Features While individual components of this system are derived from established technical analysis principles, the original contribution lies in their specific integration and visualization methodology. The script provides: A unified visual framework that reduces analytical clutter while maintaining comprehensive market assessment Real-time multi-timeframe analysis without requiring constant chart switching Automated structural analysis that eliminates subjective trendline drawing A balanced approach that respects both trend-following and mean-reversion principles Customizable parameters that allow adaptation to different trading instruments and timeframes Important Considerations Users should understand that this tool is designed as a decision-support system, not an automated trading solution. All trading decisions should incorporate additional factors including fundamental analysis, market context, and appropriate risk management. The color-coded bar system and dashboard indicators are intended to streamline analysis, but they cannot guarantee specific market outcomes. Traders are encouraged to test this system in simulated environments before applying it to live markets and to adapt its parameters to align with their individual trading styles and risk tolerances. The script's value proposition lies in its ability to synthesize multiple analytical perspectives into a cohesive visual interface, potentially reducing cognitive load while maintaining analytical rigor—a balance that many traders find challenging to achieve manually across multiple charts and timeframes.
Pine Script® indicator
by neeson1987
Standard Deviation Channel (4x)Standard Deviation Channel (4x) A linear regression channel with up to 4 standard deviation bands on each side, plus built-in moving averages and high/low levels from higher timeframes. Basically everything I need on one indicator without cluttering my chart with 5 different scripts. What it does The core is a standard deviation channel based on linear regression. You get the regression line (base) and can enable up to 4 deviation levels above and below (±1σ, ±2σ, ±3σ, ±4σ). Each level can be toggled independently and the multipliers are adjustable if you want something like 1.5 or 2.5 instead of whole numbers. The fills between bands help visualize the zones. Pearson's R is available if you want to see the correlation strength of the regression. Moving Averages 6 MAs included, each fully configurable: - Type: SMA, EMA, WMA, VWMA, RMA, HMA, DEMA, TEMA - Custom length and source - Individual colors High/Low Levels Shows horizontal lines at: - Weekly High/Low - Monthly High/Low - Yearly High/Low - Previous Week/Month/Year High/Low Useful for spotting key levels without switching timeframes. Labels included so you know which line is which. Alerts - Deviation band breaks (all 8 levels) - MA crossovers (price crossing above/below) - High/Low level breaks Settings Everything is off by default except the ±1σ and ±2σ bands. Enable what you need, disable what you don't. Colors are fully customizable.
Pine Script® indicator
by CryptoForMoney
WC Cross Clouds with Arrows - Customizable EditionThis is an enhanced and fully customizable version inspired by the original "WC CROSS CLOUDS with Arrows" indicator by AlfsDipz (thank you for the great foundation!). What it shows: • Two clouds for visual trend context: - Static black WMA cloud (default WMA 21 & 24) – helps identify overall market structure - Directional cloud (default SMA 9 & 21, but fully configurable) – green when fast MA is above slow MA (bullish), red when below (bearish) • Clean signals with arrows + text: - Green triangle up + "LFG" → New bullish regime starts (fresh crossover upward) - Red triangle down + "DBD" → New bearish regime starts (fresh crossover downward) • Small realtime label showing current regime + bars since last signal New features / improvements compared to original: • Fully user-configurable MA lengths for both clouds • Choose MA type for the directional cloud (SMA, EMA, or WMA) • Customizable source (close, hl2, open, etc.) • Cleaner signal logic (only shows arrows when trend direction actually changes) • No duplicate/false signals during ranging markets • Works in Pine Script v6 (latest version) How to use: - Green cloud + "LFG" arrow → potential long opportunity - Red cloud + "DBD" arrow → potential short / exit long - Use together with your own price action, support/resistance, volume, etc. Feel free to use, modify, expand, fork, or build upon this script however you like! Credit to AlfsDipz for the original concept and cloud style that inspired this version. Happy trading everyone! Dove– Chesapeake, VA
Pine Script® indicator
by dovetIlflenkydove
Cup & Handle Visual Pattern Cup & Handle – Visual Breakout Strategy (with Buy/Sell Signals) Strategy Objective This strategy helps traders visually identify and trade bullish Cup & Handle patterns by: Drawing the Cup and Handle structure directly on the chart Highlighting key support and resistance zones Providing clear BUY and SELL signals Assisting decision-making without repainting 🔧 Concept Behind the Strategy The Cup & Handle is a bullish continuation pattern: The Cup shows long consolidation and accumulation The Handle shows short-term profit booking A breakout above resistance signals trend continuation This script approximates the pattern using price structure and volatility logic and draws it visually, instead of trying to mathematically force a perfect pattern. 🟠 Cup Formation Logic The script finds the highest high and lowest low over a fixed lookback period The depth of the cup must exceed a minimum percentage, ensuring a meaningful base Two horizontal lines are drawn: Top line → Cup resistance Bottom line → Cup base (support) 📌 This creates a visible U-shaped price zone ⬜ Handle Formation Logic After the cup forms, price must consolidate in a narrow range below resistance A box is drawn on the chart showing the handle area This represents short-term pullback before breakout 📌 The handle must: Stay above the cup low Stay below the cup resistance 🟢 BUY Signal Logic A BUY signal is generated when: Cup depth condition is valid Handle consolidation is confirmed Price breaks above cup resistance 📌 A green ▲ arrow appears below the breakout candle. 🔴 SELL Signal Logic A SELL signal is generated when: Price breaks below the handle support 📌 A red ▼ arrow appears above the breakdown candle. 🛑 Risk Management (Manual / Trader-Controlled) This strategy is visual-assisted, not auto-exit based: Stop Loss: Below handle low Target: Measure cup depth and project upward Or trail using Supertrend / Moving Average ⏱️ Best Usage Style Timeframe Swing Trading 1H / Daily Positional Daily / Weekly Best suited for: Strong trending stocks Breakout candidates Post-consolidation markets ⭐ Strengths of This Strategy ✔ Visual pattern drawing (easy to understand) ✔ Avoids over-complicated math ✔ Clear breakout levels ✔ Non-repainting logic ✔ Works as a decision-support tool ⚠️ Important Notes Cup & Handle cannot be perfectly automated This strategy assists, not replaces, trader judgment Works best when combined with: RSI above 50 Volume expansion Market trend confirmation.
Pine Script® indicator
by SARAVANANTamilShareMarket
TSM RSI + Supertrend (Fixed SL + 1:2 RR) 302026RSI + Supertrend Combo Strategy (Fixed SL & 1:2 Risk–Reward) To trade only in the direction of the trend using Supertrend and enter with momentum confirmation from RSI, while strictly controlling risk with a fixed stop loss and a 1:2 target. Supertrend – identifies market trend RSI (14) – confirms strength of the trend BUY CONDITIONS (Long Trade) Supertrend changes from Red to Green → Market trend turns bullish Price trades above Supertrend line RSI is above 50 → Buying momentum is strong ✅ Enter BUY at the next candle open. 🔴 SELL CONDITIONS (Short Trade) Supertrend changes from Green to Red → Market trend turns bearish Price trades below Supertrend line RSI is below 50 → Selling momentum is strong ✅ Enter SELL at the next candle open. 🛑 Risk Management (Most Important) Stop Loss (SL): Fixed percentage from entry price Target (TP): 2 × Stop Loss → Risk : Reward = 1 : 2 Example (BUY Trade) Entry: ₹100 Stop Loss (0.5%): ₹99.50 Target (1:2): ₹101.00 ⏱️ Best Timeframes Intraday: 5 min / 15 min Swing Trading: 1 Hour / Daily. Why This Strategy Works ✔ Trades with the trend, not against it ✔ RSI filters false Supertrend signals ✔ Fixed SL protects capital ✔ 1:2 RR ensures profitability even with ~40% win rate ✔ Simple rules – beginner friendly ⚠️ Important Notes Avoid sideways markets Best results in trending stocks / indices Always backtest before live trading.
Pine Script® strategy
by SARAVANANTamilShareMarket
Std Dev Channel [fmb]What it is A professional regression channel that combines standard deviation divisions, an extreme price envelope, and a trend quality gauge. It is designed for fast read-and-act decisions on any timeframe, with sensible presets and log-space math for instruments that trend exponentially. Why it’s different Most channels draw fixed ±1σ and ±2σ around a regression line. This tool adds: - Fibonacci-spaced σ divisions for precise scaling - An objective MaxEnvelope of actual extremes with optional 1.272 and 1.618 extensions - Pearson’s R labelling that classifies the trend as Strong Up, Moderate, Weak, or Strong Down - A log-space option so channels behave correctly on long trends and high beta charts How it works Base line - Linear regression of the last Length bars, drawn as a ray. - Optional colour change by regime using Pearson’s R. Divisions (StdDev or MaxEnvelope) - StdDev basis: σ of residuals around the regression line. - MaxEnvelope basis: distances from the base line to the farthest highs and lows in the lookback. - Divisions can be Fibonacci multiples (0.382, 0.618, 1.000, 1.272 by default) or uniform steps. Outer rails - ENV 1.0 touches the farthest highs and lows within the window. - Optional extensions at 1.272 and 1.618 highlight stretch and breakout zones. Trend quality (Pearson’s R) - R is computed on the same series and window. - Default thresholds: Strong when |R| ≥ 0.70, Weak when |R| < 0.40. - The label reads: R 0.XXX • Class, plotted near the most recent base value. Log-space math - When enabled, the model runs on ln(price) and converts the outputs back to price. - Safer on multi-year charts and large percentage trends. Presets - Swing: Length 125, StdDev basis, Fib divisions, ENV 1.0 and 1.272 on - Intraday: Length 240, StdDev basis, simple ±1 and ±2 style divisions, ENV off by default - Position: Length 200, StdDev basis, compact Fib set for higher timeframes You can turn preset overrides off to make every input respond instantly. Inputs you will actually use - Length, Source, Log-space ON or OFF - Basis: StdDev or MaxEnvelope - Divisions: Fib list or Step and Max multiple - Outer rails: show ENV 1.0, show 1.272, show 1.618 - Labels and sizes, extend left or right - Hide divisions or outer rails automatically when the regime is Weak Alerts included - Close crosses above or below ENV 1.0 - Close crosses above or below ENV 1.272 and 1.618 (if enabled) Practical playbook Trend following - In Strong Uptrend: buy pullbacks near 0.382 to 0.618 above the base with stops just beyond the next lower division. - In Strong Downtrend: sell bounces into 0.382 to 0.618 below the base with stops just beyond the next upper division. Mean reversion - When R is Moderate or Weak, fade moves that tag ENV 1.0 back toward the base. - If price closes through an ENV extension, treat it as potential regime change and stand down on fades. Breakouts - A close through ENV 1.0 with R rising toward Strong often precedes trend acceleration. - Use the next division or the 1.272 rail as the first target and trail on the base. Tips - Keep Length stable across symbols you compare. Consistency beats curve fitting. - Use log-space on multi-year equities and crypto. Use linear for short intraday work. - If you want a classic look, disable Fib and rails, set Step 1.0 and Max 2.0. Notes - The tool draws more lines when Fib divisions are active. If it feels busy, show divisions only and hide labels, or keep ENV 1.0 plus one extension. - Pearson’s R is descriptive, not predictive. Combine with price structure and volume for entries.
Pine Script® indicator
by Fullymobile
5
Multi-Sigma Bands [fmb]Multi-Sigma Bands plots standard deviation (sigma) bands around a selectable basis (SMA, EMA, RMA, or Linear Regression). It’s designed to help you spot when price is behaving “normally” versus when it’s stretching into statistically extended territory. What it shows - Basis: the central reference line (your chosen basis type) - ±1σ zone: the common range where price spends much of its time - ±2σ zone: extended range where moves often become more emotional or trend-driven - ±3σ zone: extreme range where price is statistically stretched (risk increases) How to read it - Inside ±1σ - Often normal behaviour and mean-reverting price action around the basis. - Between ±1σ and ±2σ - A meaningful extension. In trends, price can “walk” these areas for longer than expected. - Between ±2σ and ±3σ - Rare extension. Can signal exhaustion, blow-off behaviour, or capitulation depending on direction and context. How traders typically use it - Trend context - In strong uptrends, price may ride the upper bands (+1σ to +2σ) repeatedly. - In strong downtrends, the lower bands (-1σ to -2σ) can act the same way. - Bands show statistical stretch, not automatic reversal signals. - Extension and risk framing - The farther price is from the basis, the more “stretched” it is. - That usually means chasing becomes riskier and entries require tighter confirmation. - Range behaviour - Ranges often oscillate around the basis, with frequent returns toward the middle zone. Settings - Source: what price series to use (Close by default) - Length: lookback used for both basis and standard deviation - Basis: SMA, EMA, RMA, or LinReg - Stdev smoothing: optional smoothing on standard deviation for cleaner bands - σ multipliers: customise σ1, σ2, σ3 (defaults: 1, 2, 3) - Force Monthly Data (optional): calculate bands using a higher-timeframe source to reduce noise and focus on macro structure Disclaimer This indicator is for informational and educational purposes only and is not financial advice. Always use risk management and confirm with market structure and trend context.
Pine Script® indicator
by Fullymobile