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Bill Williams Indicators

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Pine Script® indicator
by xander624
Williams Alligator with Step Digits and DotsIndicator Description: Angle and Divergence Bars Indicator Overview: The Angle and Divergence Bars Indicator is a powerful analytical tool designed for traders and investors using TradingView. This indicator focuses on identifying angular momentum shifts in price action and spotting potential divergences between price and volume or momentum indicators. By providing visual cues, it helps traders make informed decisions based on market trends and reversals. Key Features: 1. Angle Measurement: • The indicator calculates the angle of price movement over a specified period, allowing traders to assess the strength and direction of the trend. A steeper angle indicates a stronger momentum, while a flatter angle suggests weakening momentum. • The angle is visually represented on the chart, enabling quick recognition of trend shifts. 2. Divergence Detection: • The indicator identifies divergences between the price action and a selected momentum indicator (such as RSI, MACD, or Stochastic). Divergences occur when the price makes a new high or low, but the momentum indicator fails to confirm this movement. • Bullish divergences signal potential reversal points where the price may bounce upward, while bearish divergences indicate potential downward reversals. 3. Visual Representation: • The indicator uses color-coded bars to represent different conditions: • Green Bars: Indicate strong bullish momentum with a steep upward angle. • Red Bars: Indicate strong bearish momentum with a steep downward angle. • Yellow Bars: Suggest neutral momentum or indecision in the market. • Divergence signals are highlighted with markers or arrows on the chart, making them easily identifiable. 4. Customizable Settings: • Traders can customize the period for angle calculation and the type of momentum indicator used for divergence detection. This flexibility allows users to tailor the indicator to their trading style and preferences. • Additional settings include adjusting the sensitivity of divergence detection, which can help filter out false signals. 5. Alerts and Notifications: • The indicator can be configured to send alerts when specific conditions are met, such as a new divergence signal or when the angle reaches a certain threshold. This feature ensures that traders do not miss critical market movements. How to Use the Indicator: 1. Identifying Trends: • Use the angle measurement to determine the current trend's strength. A consistent angle in one direction may suggest a strong trend, while fluctuating angles indicate potential reversals or consolidations. 2. Spotting Divergences: • Look for instances where price action diverges from your chosen momentum indicator. Confirm these signals with additional analysis or other indicators to increase reliability. 3. Making Trading Decisions: • Combine insights from the angle measurement with divergence signals to formulate entry and exit strategies. For example, entering a long position when a bullish divergence appears alongside a strong upward angle can enhance trade success probabilities. 4. Risk Management: • Always incorporate risk management techniques, such as setting stop-loss orders based on recent price action or using trailing stops to lock in profits as trends develop. Conclusion: The Angle and Divergence Bars Indicator is an essential tool for traders looking to enhance their technical analysis capabilities. By focusing on angular momentum and divergence detection, it provides valuable insights into market dynamics, helping traders make more informed decisions in their trading strategies. Whether you are a novice or an experienced trader, integrating this indicator into your trading arsenal can significantly improve your ability to identify potential market reversals and capitalize on emerging trends.
Pine Script® indicator
by Otaku_Trade
Delta AO + Regular AO (Normalized)🔀 Delta AO + Regular AO (Normalized) – Visualizing Market moods becomes simpler 🔀 🧠 Introduction The Delta AO + Regular AO (Normalized) is a custom oscillator that fuses the power of classic momentum analysis with volume-derived delta flow to give traders a dual-perspective edge. This tool was born from a need to better visualize internal market thrust (via delta) while still respecting the time-tested signal power of the traditional Awesome Oscillator (AO). 🔍 What makes it unique? ✅ Volume-based Delta Calculation – Models upward/downward delta using a custom volatility-weighted volume allocation method, not simple tick-delta or raw buys/sells. ✅ Cumulative Delta Candles – Instead of just plotting bars, the indicator rebuilds the market structure using cumulative delta logic. ✅ Dual AO Display – Shows both custom delta AO and traditional price AO simultaneously. ✅ Normalized Scaling – Each AO is independently normalized by its standard deviation (volatility-adjusted), making both indicators visually comparable without distortion. 🧮 Under the Hood Let’s break down the components: 1. Delta Logic 📊 Rather than using raw delta or tick-level data, this script simulates net effort: Delta Up = Volume × a smart weighting when the candle is bullish Delta Down = Volume × weighting when the candle is bearish The weighting dynamically adjusts based on candle body-to-wick ratio. This provides a more refined delta estimate based on candle structure. This delta is accumulated (cumulative delta) and used to form a synthetic OHLC candle structure. 2. AO Calculations ⚖️ Custom AO: Calculated from the median of synthetic delta candles Regular AO: Classic (median price 5-period SMA - 34-period SMA) Both are normalized using their own 34-bar standard deviation, improving comparability and visualization in one pane. 3. Color Coding 🎨 For the delta AO histogram: Lime: Bullish + Increasing Momentum Green: Bullish + Weakening Momentum Red: Bearish + Increasing Momentum (to the downside) Maroon: Bearish + Weakening Momentum This lets you immediately spot momentum shifts and strength behind volume-based moves. 📈 How to Use – Trading Guide 🔧 Recommended Setup: Timeframe: Works well on all intraday and higher timeframes (5m–1D) Symbol: Especially effective on liquid instruments (futures, indices, large caps) ✅ Entry Signals 🔹 Buy Setup Delta AO turns green or lime above zero, and Regular AO is also rising Ideal confirmation: Lime bar (strong bullish delta momentum) and a crossover above zero 🔹 Sell Setup Delta AO turns maroon or red below zero, and Regular AO is also falling Ideal confirmation: Red bar (strong bearish delta momentum) and AO falling further below zero 🔄 Momentum Confirmation Look for divergence between the Delta AO and Regular AO. 🔼 If Delta AO is rising but Regular AO is flat or falling → Volume is leading price (possible breakout ahead) 🔽 If Regular AO is strong but Delta AO fades → Price may be unsustainable (fakeout risk) 🛑 Exit / Reversal Clues Sudden color shifts (e.g., Lime → Green → Maroon) can signal momentum exhaustion Both AOs converging to zero suggests consolidation phase ahead 📌 Pro Tips Use this with volume profile, support/resistance, or market structure zones for maximum confluence Works great as a secondary confirmation tool for your existing strategy 💬 Final Thoughts This oscillator is not just a pretty double AO — it's a strategic fusion of price and volume time-series designed to help you anticipate shifts before they’re obvious in price alone. If you're looking for: A modernized AO Volume-integrated signal clarity Normalized, noise-filtered momentum visual Then this tool belongs in your chart arsenal. 📈 Try it. Test it. Pair it. If you find value, consider sharing or following for more next-gen indicators. Please note this is an educational idea and past performance is not assurance of future performance. Happy trading! — @Pratik_4Clover
Pine Script® indicator
by Pratik_4Clover
[AO Pro]-CHANGAN🚀 – CHANGAN｜Professional Oscillator-Based Alert System This script is a pro-level enhancement of the classic Awesome Oscillator (AO), tailored for real trading scenarios. It integrates 6 signal types, webhook alerts, and visual tagging, helping traders spot trend shifts and momentum reversals with ease. 🔍 Built-in Signals (individually switchable): AO↑0: Crosses above the zero line – bullish trend AO↓0: Crosses below the zero line – bearish trend BTP: Bullish Twin Peak (Double Bottom) – potential reversal upward TTP: Bearish Twin Peak (Double Top) – potential reversal downward BS: Bullish Saucer – potential buy signal SS: Bearish Saucer – potential sell signal 📦 Key Features: ✅ Webhook-Ready Alerts: Each signal includes a webhook_name field for integration with bots, Discord, Telegram, or automated execution systems ✅ Visual Panel Tagging: All signals display both label tags and plotshape markers on the AO panel ✅ Customizable Parameters: Adjustable fast/slow periods, signal toggles, and visual settings 👤 Author: @Changan Former institutional trader with over $20M under management Founder of a systematic trading framework for crypto markets More scripts like RSI Pro, MACD Pro, Supertrend Pro are coming soon. Follow for updates and ideas! 📌 How to Use: Add this indicator to your chart as a sub-panel Enable the signal types you need in the settings Configure TradingView alerts for real-time signals Integrate webhook alerts with your favorite platforms Let me know if you'd also like: 📸 A professional dark-mode cover screenshot 📦 A bundled version with other CHANGAN indicators 🌐 A public GitHub or documentation link
Pine Script® indicator
by Chang-An
Pure-ScalpingThe Pure Scalping indicator is a high-precision, momentum-based tool designed specifically for intraday and scalping traders. Built to identify short-term price imbalances, the indicator helps traders catch quick entries and exits during volatile market movements. It focuses on detecting micro-trends, liquidity zones, and reversal signals within tight timeframes like 1-min, 3-min, and 5-min charts. 🔍 Core Features: Real-time buy/sell signals Volume and price action confirmation Minimal lag entries for quick decision-making Works best in highly liquid instruments (e.g., Nifty, BankNifty, XAUUSD) Optimized for scalping and fast-paced intraday strategies Whether you're aiming for 5 to 10 quick trades a day or riding a strong trend for a few minutes, Pure Scalping provides the structure and edge needed to execute with confidence.
Pine Script® indicator
by jfkd565
RESHAIndicator Name: RESHA – Static Price Levels Description: The RESHA indicator is a simple tool that allows traders to manually define multiple horizontal price levels on the chart. These levels are displayed as horizontal lines, each extending a customizable number of candles forward. Traders can input a comma-separated list of prices, which are then plotted automatically on the chart. Features: 📍 Custom input box for price levels (comma-separated). 📏 Adjustable line length in bars. Visual price labels at the end of each level. Clean and minimalistic design, perfect for support/resistance zones or static analysis. This tool is ideal for traders who want to keep key price zones visible at all times without relying on dynamic calculations or automated indicators.
Pine Script® indicator
by iqfxl
1
Multi-Trend Power IndicatorThe Multi-Trend Power Indicator is a comprehensive technical tool that combines trend direction, momentum, and volatility into a unified trend strength score. It uses multiple indicators including EMA alignment, RSI levels, MACD crossovers, ATR, and Bollinger Band width to assess the market condition and generate actionable signals. Key Features: Dynamic trend strength score (range: -100 to +100) EMA-based trend structure (short, medium, long) RSI analysis with overbought/oversold detection MACD slope and crossover signals ATR and Bollinger Band width for volatility confirmation Real-time on-chart dashboard with color-coded feedback Buy/Sell/Exit signal plotting and alert conditions This indicator is designed for informational and educational purposes only. It does not provide financial advice and should not be considered as a trading signal on its own.
Pine Script® indicator
by RolinLong
BW MFI fixed v6Bill Williams MFI Sure! Here’s an English description of the indicator you have: --- ### Bill Williams Market Facilitation Index (MFI) — Indicator Description This indicator implements the **Market Facilitation Index (MFI)** as introduced by Bill Williams. The MFI measures the market's willingness to move the price by comparing the price range to the volume. --- ### How it works: * **MFI Calculation:** The MFI is calculated as the difference between the current bar’s high and low prices divided by the volume of that bar: $$ \text{MFI} = \frac{\text{High} - \text{Low}}{\text{Volume}} $$ * **Color Coding Logic:** The indicator compares the current MFI and volume values to their previous values and assigns colors to visualize market conditions according to Bill Williams’ methodology: | Color | Condition | Market Interpretation | | ----------- | ------------------ | --------------------------------------------------------------------------------------------- | | **Green** | MFI ↑ and Volume ↑ | Strong trend continuation or acceleration (increased price movement supported by volume) | | **Brown** | MFI ↓ and Volume ↓ | Trend weakening or possible pause (both price movement and volume are decreasing) | | **Blue** | MFI ↑ and Volume ↓ | Possible false breakout or lack of conviction (price moves but volume decreases) | | **Fuchsia** | MFI ↓ and Volume ↑ | Market indecision or battle between bulls and bears (volume rises but price movement shrinks) | | **Gray** | None of the above | Neutral or unchanged market condition | * **Display:** The indicator plots the MFI values as colored columns on a separate pane below the price chart, providing a visual cue of the market’s behavior. --- ### Purpose: This tool helps traders identify changes in market momentum and the strength behind price moves, providing insight into when trends might accelerate, weaken, or potentially reverse. --- If you want, I can help you write a more detailed user guide or trading strategy based on this indicator!
Pine Script® indicator
by nikolaievmihail
Gold Breakout Strategy - RR 4Strategy Name: Gold Breakout Strategy - RR 4 🧠 Main Objective This strategy aims to capitalize on breakouts from the Donchian Channel on Gold (XAU/USD) by filtering trades with: Volume confirmation, A custom momentum indicator (LWTI - Linear Weighted Trend Index), And a specific trading session (8 PM to 8 AM Quebec time — GMT-5). It takes only one trade per day, either a buy or a sell, using a fixed stop-loss at the wick of the breakout candle and a 4:1 reward-to-risk (RR) ratio. 📊 Indicators Used Donchian Channel Length: 96 Detects breakouts of recent highs or lows. Volume Simple Moving Average (SMA) over 30 bars. A breakout is only valid if the current volume is above the SMA. LWTI (Linear Weighted Trend Index) Measures momentum using price differences over 25 bars, smoothed over 5. Used to confirm trend direction: Buy when LWTI > its smoothed version (uptrend). Sell when LWTI < its smoothed version (downtrend). ⏰ Time Filter The strategy only allows entries between 8 PM and 8 AM (GMT-5 / Quebec time). A timestamp-based filter ensures the system recognizes the correct trading session even across midnight. 📌 Entry Conditions 🟢 Buy (Long) Price breaks above the previous Donchian Channel high. The current channel high is higher than the previous one. Volume is above its moving average. LWTI confirms an uptrend. The time is within the trading session (20:00 to 08:00). No trade has been taken yet today. 🔴 Sell (Short) Price breaks below the previous Donchian Channel low. The current channel low is lower than the previous one. Volume is above its moving average. LWTI confirms a downtrend. The time is within the trading session. No trade has been taken yet today. 💸 Trade Management Stop-Loss (SL): For long entries: placed below the wick low of the breakout candle. For short entries: placed above the wick high of the breakout candle. Take-Profit (TP): Set at a fixed 4:1 reward-to-risk ratio. Calculated as 4x the distance between the entry price and stop-loss. No trailing stop, no break-even, no scaling in/out. 🎨 Visuals Green triangle appears below the candle on a buy signal. Red triangle appears above the candle on a sell signal. Donchian Channel lines are plotted on the chart. The strategy is designed for the 5-minute timeframe. 🔄 One Trade Per Day Rule Once a trade is taken (buy or sell), no more trades will be executed for the rest of the day. This prevents overtrading and limits exposure.
Pine Script® strategy
by beaucheminbrandon123
CANX Enhanced Bill Williams FractalsBased on the well known Bill Williams Fractals but with some changes. Smaller fractals with a more consistent intervals. - Helps identify more recent and relevant swing points on the chart. Ideal for identifying where to place a stop lose when you are trading subjectively. - Great to implement into any mechanical strategy Paired with a momentum indicator and trend lines it can indicate very accurate times to enter a trade and where to place your stop loss. Paired with the correct indicators and a basic understanding of market structure these are a very powerful tool on all markets. Keep it simple, keep it profitable!
Pine Script® indicator
by CanxStixTrader
مؤشر ICT متعدد الوظائفوصف المؤشر بالعربية: مؤشر ICT متعدد الوظائف هو أداة تداول متكاملة مصممة وفقًا لمبادئ مدرسة ICT للتداول. يجمع المؤشر بين عدة أدوات أساسية في واجهة واحدة، بما في ذلك مناطق العرض والطلب على الفريمات المختلفة، اكتشاف الفجوات السعرية، متوسطات متحركة متعددة، تحديد شموع الزخم بناءً على أحجام التداول، وحساب أهداف فيبوناتشي. يوفر المؤشر أيضًا نظام تنبيهات متقدم يشمل "التنبيه الذهبي" الذي يظهر عند استيفاء شروط دخول متعددة، مما يساعد المتداولين على اتخاذ قرارات تداول أكثر دقة وفعالية. وصف المؤشر بالإنجليزية: "The ICT Multi-Function Trading Suite is a comprehensive trading tool designed according to the principles of the Inner Circle Trader (ICT) methodology. This indicator combines several essential tools in one interface, including supply and demand zones across different timeframes, price gap detection, multiple moving averages, momentum candle identification based on trading volumes, and Fibonacci target calculations. The indicator also provides an advanced alert system featuring a 'Golden Alert' that triggers when multiple entry conditions are met, helping traders make more precise and effective trading decisions. With multi-timeframe analysis capabilities, this suite offers a complete solution for both strategic market analysis and tactical entry timing."
Pine Script® indicator
by alialhazmi
2
Supply and Demand Zones with Alerts مؤشر مناطق العرض والطلب مع تنبيهات مؤشر متقدم يحدد مناطق العرض والطلب بناءً على تحليل حركة السعر والنقاط المحورية، مع إمكانية إرسال تنبيهات مباشرة عند دخول السعر لمناطق تداول مهمة. الميزات الرئيسية: • تحديد مناطق العرض (باللون الأحمر) ومناطق الطلب (باللون الأخضر) بشكل تلقائي • اكتشاف مناطق التجميع والتصريف متبوعة بحركة سعرية قوية • تنبيهات تلقائية عند دخول السعر لمنطقة عرض (فرصة بيع/خروج) أو منطقة طلب (فرصة شراء) • تمييز المناطق الطازجة (التي لم يختبرها السعر بعد) عن المناطق المختبرة • إمكانية تخصيص معايير تحديد المناطق وألوان العرض الإعدادات: • ATR Length for Strong Move: طول فترة مؤشر ATR لتحديد الحركات القوية • ATR Multiplier: مضاعف ATR لتحديد عتبة الحركة القوية • Max Basing Candles: الحد الأقصى لعدد الشموع في منطقة التجميع/التصريف • Pivot Lookback Left/Right: فترات البحث عن النقاط المحورية • Max Zones to Display: الحد الأقصى لعدد المناطق المعروضة • Show Tested Zones: خيار لإظهار/إخفاء المناطق المختبرة كيفية الاستخدام: 1. أضف المؤشر إلى الرسم البياني للأسهم بإطار زمني 5 دقائق (أو أي إطار زمني آخر) 2. راقب مناطق العرض والطلب التي يحددها المؤشر 3. قم بإعداد التنبيهات للحصول على إشعارات عند دخول السعر لمنطقة مهمة 4. استخدم هذه المناطق كنقاط دخول وخروج محتملة أو كمستويات دعم ومقاومة مثالي للمتداولين الذين يعتمدون على مدرسة العرض والطلب في تحليلهم الفني وقراراتهم التداولية. Supply and Demand Zones Indicator with Alerts An advanced indicator that identifies supply and demand zones based on price action analysis and pivot points, with the ability to send immediate alerts when price enters important trading zones. Key Features: • Automatic identification of supply zones (in red) and demand zones (in green) • Detection of accumulation and distribution areas followed by strong price movements • Automatic alerts when price enters a supply zone (sell/exit opportunity) or demand zone (buy opportunity) • Distinction between fresh zones (not yet tested by price) and tested zones • Customizable parameters for zone identification and display colors Settings: • ATR Length for Strong Move: ATR period length for identifying strong movements • ATR Multiplier: ATR multiplier to determine the threshold for strong movement • Max Basing Candles: Maximum number of candles in accumulation/distribution area • Pivot Lookback Left/Right: Lookback periods for pivot points • Max Zones to Display: Maximum number of zones displayed • Show Tested Zones: Option to show/hide tested zones How to Use: 1. Add the indicator to your stock chart with a 5-minute timeframe (or any other timeframe) 2. Monitor the supply and demand zones identified by the indicator 3. Set up alerts to receive notifications when price enters an important zone 4. Use these zones as potential entry and exit points or as support and resistance levels Ideal for traders who rely on the supply and demand methodology in their technical analysis and trading decisions.
Pine Script® indicator
by alialhazmi
1
extradestrategy.V3.BINACEBINANCE:BTCUSDT Timeframes: M1 – M15 Main Indicators: Moving Average (MA): Identifies short- to mid-term trend direction Average True Range (ATR): Measures market volatility and adjusts SL/TP accordingly Entry & Exit Rules Entry: Buy positions are opened when the price is above the MA and the ATR shows potential for significant movement. Sell positions are opened when the price is below the MA and ATR indicates sufficient volatility. Exit: SL and TP are flexibly adjusted based on ATR or the latest market structure. Trades may be closed early if a trend reversal is signaled by MA movement. Risk Management Risk per trade is limited to 1% of the total capital to control drawdown and ensure consistent account growth. No hedging is used; the system operates on a single-directional approach with clear trend conviction. Let me know if you’d like help creating a TradingView Pine Script or performance journal template based on this strategy.
Pine Script® strategy
by Extrade_indonesia
extradestrategy LITE VERSIONCRYPTO:BTCUSD FOREXCOM:EURUSD FOREXCOM:USOIL CRYPTO:BTCUSD CAPITALCOM:US500 OANDA:XAUUSD Strategy Components Instruments: BTC/USD, USOIL, US500 Timeframes: M1 – M15 Main Indicators: Moving Average (MA): Identifies short- to mid-term trend direction Average True Range (ATR): Measures market volatility and adjusts SL/TP accordingly Entry & Exit Rules Entry: Buy positions are opened when the price is above the MA and the ATR shows potential for significant movement. Sell positions are opened when the price is below the MA and ATR indicates sufficient volatility. Exit: SL and TP are flexibly adjusted based on ATR or the latest market structure. Trades may be closed early if a trend reversal is signaled by MA movement. Risk Management Risk per trade is limited to 1% of the total capital to control drawdown and ensure consistent account growth. No hedging is used; the system operates on a single-directional approach with clear trend conviction. Let me know if you’d like help creating a TradingView Pine Script or performance journal template based on this strategy. XAUUSD US500 USOIL EURUSD BTCUSD
Pine Script® strategy
by Extrade_indonesia
1
extradestrategy - Telegram Bot ReadyStrategy Components Instruments: BTC/USD, USOIL, US500 Timeframes: M1 – M15 Main Indicators: Moving Average (MA): Identifies short- to mid-term trend direction Average True Range (ATR): Measures market volatility and adjusts SL/TP accordingly Entry & Exit Rules Entry: Buy positions are opened when the price is above the MA and the ATR shows potential for significant movement. Sell positions are opened when the price is below the MA and ATR indicates sufficient volatility. Exit: SL and TP are flexibly adjusted based on ATR or the latest market structure. Trades may be closed early if a trend reversal is signaled by MA movement. Risk Management Risk per trade is limited to 1% of the total capital to control drawdown and ensure consistent account growth. No hedging is used; the system operates on a single-directional approach with clear trend conviction. Let me know if you’d like help creating a TradingView Pine Script or performance journal template based on this strategy. OANDA:XAUUSD CAPITALCOM:US500 FOREXCOM:USOIL FOREXCOM:EURUSD CRYPTO:BTCUSD
Pine Script® strategy
by Extrade_indonesia
Metrics TJ 📘 Metrics TJ Author: Trade Journey Type: Market Metrics / Intraday Timeframes: Context: 1H Entry Points: 15m --- 🎯 Core Idea Metrics TJ is a powerful market metrics tool designed for intraday traders. It provides essential market data — including volume, ATR (Average True Range), and correlation with other assets — to help you make informed decisions. By combining multiple indicators into a unified view, this tool allows you to spot key trends, volatility, and relative strength within a single chart. --- 🔍 Strategy Logic 1. Context (1H) Before making intraday decisions on smaller timeframes (such as the 15m chart), use the 1H timeframe to understand the broader market context: Look at candle structure, levels, volume, and other signals to identify if the market is trending or consolidating. Example: If the 1H chart shows rising volume and a series of higher highs and lows, it indicates an uptrend. 2. Core Metrics Day Volume (DV): Total volume traded over the past 24 hours. A sharp increase may indicate increased market interest and potential for higher volatility. Average Volume (AV): A smoothed average volume over a set period. Spikes in average volume can highlight unusual activity, signaling potential moves. ATR (NATR): Measures the market's volatility. A high ATR means the market is moving more dynamically, often correlating with larger price moves. Correlation (CR): Measures how strongly the asset is correlated with a reference pair, such as BTC. A strong positive or negative correlation could indicate an impending move or reversal. 3. Trade Filter To improve the accuracy of the strategy: Use Volume and ATR thresholds to filter out low-volatility or range-bound conditions. Correlation with a reference asset helps identify when the market's behavior diverges from its usual pattern. --- 📈 Example of Entry Logic 1. On 1H: The market is in a confirmed uptrend, with rising volume and a series of higher highs. 2. On 15m: You observe an increase in Day Volume and Average Volume signaling potential for a breakout. 3. ATR is high, showing the market is volatile — indicating a good environment for intraday trading. 4. Correlation with BTC shows strong positive correlation, suggesting a price move in sync with the larger crypto market. 5. Trade Decision: Enter long if the conditions are met: Volume spikes, ATR confirms volatility, and correlation supports the price direction. Exit if volume decreases, ATR drops, or if the correlation weakens. --- ⚙️ Settings (tradingview\.com/x/Y6PjccKy/) --- 📊 Why It Works Day Volume and Average Volume help identify unusual activity, potentially signaling a price move. ATR highlights periods of high volatility, which are crucial for intraday trading. Correlation with major assets (like BTC) gives additional context on the market's broader movement, improving the probability of profitable trades. Using a combination of volume and ATR reduces the likelihood of false signals, especially in choppy or low-volume environments. --- 🔔 Recommendations Best used in strong trending markets where volume and volatility are in sync. Avoid trading in range-bound conditions where price action lacks momentum. Use this strategy as a supplement to other technical indicators or as part of a larger trading system. --- ✅ Conclusion Metrics TJ provides a holistic view of the market, combining key metrics to help traders make smarter intraday decisions. By focusing on volume, volatility, and correlation, it can help you spot high-probability trades and avoid noise. Try it on demo, adjust the settings to fit your trading style, and start identifying profitable opportunities! --- 📌 Important Note: This indicator is best used in combination with higher timeframe analysis. Always consider the broader market context before making any trades.
Pine Script® indicator
by Trad_journey
Enhanced Volume w/ Pocket Pivots, Milestones & LiquiditySure! Here’s a professional and clear **description** you can use when saving or publishing the script on TradingView: --- ## 📄 Script Description: *Enhanced Volume w/ Pocket Pivots, Milestones & Liquidity* This custom volume indicator enhances the default volume view by combining key institutional-level insights into a single tool. It highlights meaningful volume activity, liquidity conditions, and milestone events to help traders better understand accumulation/distribution and smart money participation. ### 🔍 Features: * **Color-coded volume bars**: * 🔵 **Pocket Pivot Volume (PPV)**: Up-day with volume > highest down-day volume of last 10 bars. * 🟢 **Up Volume**: Up-day with volume > 50-day average. * 🔴 **Down Volume**: Down-day with volume > 50-day average. * 🟠 **Dry Volume**: Low-volume bars < 20% of 50-day average. * ⚫ **Neutral/Other bars**: No significant signal. * **Volume Milestones**: * **HVE**: Highest volume ever (20 years lookback). * **HVY**: Highest volume in the past 1 year (252 bars). * **HVQ**: Highest volume in the past quarter (63 bars). * **Projected Volume**: * Real-time estimate of end-of-day volume based on elapsed session time. * **Liquidity Metrics**: * Displays current and 50-day average dollar volume. * Estimates 1-minute liquidity for large-position feasibility. * **Relative Volume Label**: * Displays how today’s volume compares to the 50-day average. * **Alerts Included**: * Set alerts for HVE, HVY, and HVQ to catch key breakout or climactic volume events. --- ### 🧠 Ideal For: * Growth stock traders * Volume/price analysts * Intraday & swing traders * Institutions or prop traders needing liquidity benchmarks --- Let me know if you'd like a short or promotional version (for sharing with others).
Pine Script® indicator
by zero130299
Wick SweepThe Wick Sweep indicator identifies potential trend reversal zones based on price action patterns and swing points. Specifically, it looks for "Wick Sweeps," a concept where the market temporarily breaks a swing low or high (creating a "wick"), only to reverse in the opposite direction. This pattern is often indicative of a market attempting to trap traders before making a larger move. The indicator marks these zones using dashed lines, helping traders spot key areas of potential price action. Key Features: * Swing Low and High Detection: The indicator identifies significant swing lows and highs within a user-defined period by employing Williams fractals. * Wick Sweep Detection: Once a swing low or high is identified, the indicator looks for price movements that break through the low or high (creating a wick) and then reverses direction. * Fractal Plotting: Optionally, the indicator plots fractal points (triangle shapes) on the chart when a swing low or high is detected. This can assist in visually identifying the potential wick sweep areas. * Line Plotting: When a wick sweep is detected, a dashed line is drawn at the price level of the failed low or high, visually marking the potential reversal zone. Inputs: * Periods: The number of bars used to identify swing highs and lows. A higher value results in fewer, more significant swing points. * Line Color: The color of the dashed lines drawn when a wick sweep is detected. Customize this to match your chart's theme or preferences. * Show Fractals: A toggle that, when enabled, plots triangle shapes above and below bars indicating swing highs (up triangles) and swing lows (down triangles). Functionality: * Swing High and Low Calculation: - The indicator calculates the swing low and swing high based on the periods input. A swing low is identified when the current low is the lowest within a range of (2 * periods + 1), with the lowest point being at the center of the period. - Similarly, a swing high is identified when the current high is the highest within the same range. * Wick Sweep Detection: - Once a swing low or high is detected, the script looks for a potential wick. This happens when the price breaks the swing low or high and then reverses in the opposite direction. - For a valid wick sweep, the price should briefly move beyond the identified swing point but then close in the opposite direction (i.e., a bullish reversal for a swing low and a bearish reversal for a swing high). - A line is drawn at the price level of the failed low or high when a wick sweep is confirmed. Confirmations for Reversal: * The confirmation for a wick sweep requires that the price not only break the swing low/high but also close in the opposite direction (i.e., close above the low for a bullish reversal or close below the high for a bearish reversal). * The confirmation is further refined by checking that the price movement is within a reasonable distance from the original swing point, which prevents the indicator from marking distant, unimportant price levels. Additional Notes: * The Wick Sweep indicator does not provide standalone trading signals; it is best used in conjunction with other technical analysis tools, such as trend analysis, oscillators, or volume indicators. * The periods input can be adjusted based on the trader’s preferred level of sensitivity. A lower period value will result in more frequent swing points and potentially more signals, while a higher value will focus on more significant market swings. * The indicator may work well in ranging markets where price tends to oscillate between key support and resistance levels.
Pine Script® indicator
by abuzka
RSI Phan Ky FullThe RSI divergence indicator is like a magnifying glass that spots gaps between price swings and momentum. When price keeps climbing but RSI quietly sags, it’s a flashing U‑turn sign: the bulls are winded, and the bears are lacing up their boots. Flip it around—price is sliding yet RSI edges higher—and you’ve got bulls secretly stockpiling. Hidden divergences shore up the trend; regular divergences hint at a pivot. Blend those signals with overbought/oversold zones, support‑resistance, and volume, and RSI divergence turns into a radar that helps traders jump in with swagger and bail out just in time.
Pine Script® indicator
by Minh_Tuan_