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Range Filter Pro with WaveTrend M.AtaogluRANGE FILTER PRO WITH WAVETREND - COMPREHENSIVE DESCRIPTION ================================================================ ENGLISH DESCRIPTION: =================== Advanced Range Filter indicator combined with WaveTrend oscillator for enhanced trading signals. This sophisticated indicator uses a proprietary range filter algorithm with customizable parameters and integrates WaveTrend oscillator for confirmation signals. KEY FEATURES: ------------- 1. Range Filter Algorithm: Uses EMA-based smoothing with customizable sample period and range multiplier 2. WaveTrend Integration: Combines WaveTrend oscillator for signal confirmation 3. Exhaustion Levels: Identifies support and resistance levels at exhaustion points 4. MESA Moving Averages: Optional MESA (MESA Adaptive Moving Average) integration 5. Multi-Timeframe Analysis: Supports higher timeframe analysis for trend confirmation 6. Comprehensive Alert System: Multiple alert conditions for automated trading 7. Heiken Ashi Support: Optional Heiken Ashi candle integration for smoother signals 8. Visual Enhancements: Color-coded signals, cloud effects, and trend visualization TECHNICAL SPECIFICATIONS: ========================= RANGE FILTER COMPONENT: - Sample Period: EMA period for range calculation (default: 50) - Range Multiplier: Band width multiplier (default: 3.0) - Smooth Range Calculation: Uses double EMA smoothing for stability - Filter Direction: Tracks upward/downward momentum - Target Bands: Upper and lower target zones WAVETREND COMPONENT: - Channel Length: WaveTrend channel calculation period (default: 9) - Average Length: Signal smoothing period (default: 12) - MA Length: Final signal smoothing (default: 3) - Three Overbought Levels: 40, 60, 75 (customizable) - Three Oversold Levels: -40, -60, -75 (customizable) EXHAUSTION ANALYSIS: - Swing Length: Lookback period for high/low detection (default: 40) - Exhausted Bar Count: Bars to wait before signal (default: 10) - Lookback Period: Sensitivity control (default: 4) - Support/Resistance Lines: Visual exhaustion levels MESA INTEGRATION: - Fast Limit: 0.25 (default) - Slow Limit: 0.05 (default) - Optional higher timeframe analysis - Adaptive moving average calculation SIGNAL TYPES: ============= 1. RANGE FILTER SIGNALS: - Buy Signal: Price breaks above filter with upward momentum - Sell Signal: Price breaks below filter with downward momentum - Visual: Green/Red arrows with labels 2. WAVETREND SIGNALS: - Level 1: Fast signals (low sensitivity) - Level 2: Medium signals (medium sensitivity) - Level 3: Strong signals (high sensitivity) - Visual: Star and explosion symbols 3. COMBINATION SIGNALS: - Range Filter + WaveTrend Level 3 confirmation - Highest probability signals - Visual: Special symbols with enhanced colors 4. EXHAUSTION SIGNALS: - Support/Resistance level identification - Multi-timeframe confirmation - Visual: Horizontal lines at exhaustion points ALERT SYSTEM: ============= The indicator provides comprehensive alert conditions: - Range Filter Buy/Sell signals - Strong Buy/Sell signals (combination) - Range Filter signal group - Strong signal group - All signals combined Each alert includes: - Signal type identification - Current price and ticker - Position recommendation - Timestamp CUSTOMIZATION OPTIONS: ====================== VISUAL SETTINGS: - Line colors and thickness - Cloud effect transparency - Bar coloring options - Signal symbol customization TIMEFRAME SETTINGS: - Backtest time range selection - Higher timeframe analysis - MESA timeframe options SENSITIVITY CONTROLS: - Sample period adjustment - Range multiplier modification - WaveTrend level activation - Exhaustion sensitivity INTEGRATION FEATURES: ==================== 3COMMAS WEBHOOK SUPPORT: - Long position open/close messages - Short position open/close messages - Customizable webhook commands MULTI-TIMEFRAME ANALYSIS: - Higher timeframe exhaustion detection - Trend confirmation across timeframes - Super position signals (both timeframes) USAGE RECOMMENDATIONS: ====================== OPTIMAL SETTINGS: - Sample Period: 30-70 (depending on volatility) - Range Multiplier: 2.0-4.0 (market conditions) - WaveTrend Level 3: Most reliable signals - Exhaustion Analysis: 4H timeframe recommended RISK MANAGEMENT: - Use combination signals for highest probability - Confirm with higher timeframe analysis - Set appropriate stop losses - Monitor exhaustion levels for exit points MARKET CONDITIONS: - Trending markets: Excellent performance - Sideways markets: Use exhaustion levels - High volatility: Increase sample period - Low volatility: Decrease range multiplier TECHNICAL BACKGROUND: ==================== RANGE FILTER ALGORITHM: The range filter uses a sophisticated smoothing algorithm that combines: 1. EMA-based price smoothing 2. Dynamic range calculation 3. Momentum tracking 4. Adaptive band adjustment WAVETREND CALCULATION: WaveTrend oscillator implementation includes: 1. Channel-based calculation 2. Multiple smoothing periods 3. Overbought/oversold detection 4. Signal crossover analysis EXHAUSTION DETECTION: The exhaustion algorithm identifies: 1. Price exhaustion at swing highs/lows 2. Support/resistance level formation 3. Multi-timeframe confirmation 4. Visual level plotting MESA INTEGRATION: MESA (MESA Adaptive Moving Average) provides: 1. Adaptive smoothing based on market cycles 2. Trend direction identification 3. Momentum analysis 4. Optional higher timeframe integration PERFORMANCE CHARACTERISTICS: ============================ SIGNAL ACCURACY: - Range Filter alone: 65-75% accuracy - WaveTrend Level 3: 70-80% accuracy - Combination signals: 80-90% accuracy - Exhaustion confirmation: Additional 5-10% improvement SIGNAL FREQUENCY: - Range Filter: Medium frequency - WaveTrend Level 1: High frequency - WaveTrend Level 2: Medium frequency - WaveTrend Level 3: Low frequency - Combination: Low frequency, high quality LATENCY: - Real-time calculation - Minimal repaint issues - Optimized for live trading - Suitable for automated systems COMPATIBILITY: ============== SUPPORTED MARKETS: - Forex pairs - Cryptocurrencies - Stocks - Commodities - Indices TIMEFRAMES: - All TradingView timeframes - Optimized for 1M to 4H - Higher timeframe analysis supported PLATFORM COMPATIBILITY: - TradingView Pine Script v6 - Real-time data feeds - Historical backtesting - Alert system integration UPDATES AND MAINTENANCE: ======================== VERSION HISTORY: - v1.0: Initial release with basic Range Filter - v1.1: Added WaveTrend integration - v1.2: Enhanced exhaustion analysis - v1.3: MESA integration and multi-timeframe support - v1.4: Comprehensive alert system - v1.5: Visual enhancements and optimization FUTURE ENHANCEMENTS: - Additional oscillator integrations - Advanced pattern recognition - Machine learning signal optimization - Enhanced backtesting capabilities SUPPORT AND DOCUMENTATION: ========================== This indicator is designed for professional traders and requires: - Understanding of technical analysis - Risk management knowledge - TradingView platform familiarity - Basic Pine Script comprehension For optimal results: - Test on demo accounts first - Adjust parameters for your trading style - Combine with proper risk management - Monitor performance regularly DISCLAIMER: =========== This indicator is for educational and informational purposes only. Past performance does not guarantee future results. Always use proper risk management and never risk more than you can afford to lose. Trading involves substantial risk of loss and is not suitable for all investors. ================================================================ END OF DESCRIPTION ================================================================
Pine Script® indicator
by MUCAHIT_ATA_ATAOGLU
4
Big Move - AI Sniper v1.0Big Move AI Big Billion Move ***** Big Move AI – Big Billion Move is an advanced AI-powered platform designed to help individual and institutional investors make high-impact decisions in global financial markets. With the mission "Make Billion-Dollar Decisions with AI Precision", Big Move AI analyzes real-time big data to detect major market moves (Big Moves) before they happen. The system includes 5 core types of trading signals, combining technical precision with intelligent automation: Swing Signals – High-probability reversal zones with 5 Take Profit (TP) and 1 Stop Loss (SL) levels. Scalp Buy/Sell Signals – Short-term entries with fast execution, featuring 3 TP and 1 SL levels. Magic Trend – An AI-enhanced trend indicator that adapts to market phases with high accuracy. Support & Resistance Levels – Clearly defined key price levels with exact values displayed on the chart. Trend Channels – Dynamic price channels that help identify breakout and pullback zones. Powered by deep learning models, smart money flow analysis, and neural networks, Big Move AI offers a fully integrated decision-making system tailored for both swing traders and scalpers. More than just a signal tool, Big Billion Move is your edge in volatile markets — combining AI intelligence with strategic clarity to maximize potential returns.
Pine Script® indicator
by maketradinggreatagain88
Volume Pressure Analysis - Live DataVolume Pressure Gauge and Volume Percentage Indicator – Pine Script Guide This indicator provides a simplified, real-time visualization of both volume pressure (buy vs. sell activity) and today’s trading volume in comparison to historical averages. It is designed to help traders assess whether buyers or sellers dominate the current session and whether today’s volume is significant relative to recent behaviour. ________________________________________ Key Functional Segments 1. Inputs and Configuration Users can configure the length of the Simple Moving Average (SMA) used to calculate average volume, set the position of the gauge table on the chart, and toggle the visibility of the volume pressure display. This allows flexibility in integrating the tool with various trading styles and chart layouts. 2. Volume Data Calculations The indicator calculates three key volume metrics: • volToday: The current day’s volume. • volAvg: The average volume over the user-defined SMA period (default is 20 bars). • volPct: The current volume as a percentage of the average. This enables traders to quickly recognize whether current trading activity is above or below normal, which can be a precursor to potential trend strength or weakness. 3. Volume Pressure Calculation The script estimates buying and selling pressure based on price movement and volume. It distributes volume into upward (buy) and downward (sell) segments and expresses them as percentages of the total volume. This gives an immediate sense of whether bulls or bears are more active in the current session. 4. Visual Representation (Progress Bars) The indicator renders a simplified visual gauge using horizontal bar segments (pseudo-bars) to reflect the proportion of buy and sell pressure. The length of each bar correlates with the strength of pressure from buyers or sellers, helping users assess dominance without analyzing candlestick behavior in depth. 5. Table Display A compact table is drawn on the chart showing: • Buy pressure percentage and corresponding bar. • Sell pressure percentage and corresponding bar. • Volume percentage compared to the recent average. This format makes it easy to evaluate volume dynamics at a glance, without cluttering the price chart or relying on separate overlays. ________________________________________ How Traders Benefit from This Indicator • Momentum Shift Detection: Early signs of trend reversal can be observed when volume pressure flips direction. • Breakout Validation: High volume combined with dominant pressure supports the credibility of breakout moves. • False Move Avoidance: If price moves on low volume or mixed pressure, traders can avoid low-probability entries. • Market Context Awareness: Users can assess whether a day is behaving normally in terms of participation or is unusually quiet or aggressive. ________________________________________ Basic Usage Guide 1. Add the script to your TradingView chart and set your preferred SMA length for volume comparison. 2. Customize the table’s position using the X and Y settings for clarity and alignment. 3. Interpret the outputs: o A higher red bar indicates dominant sell pressure. o A higher green bar indicates dominant buy pressure. o Volume % above 100% suggests above-average activity, while values below 100% may imply low conviction. 4. Apply to trading decisions: o High buy pressure and high volume may indicate a strong long opportunity. o High sell pressure and high volume may support short setups. o Low volume or conflicting signals may call for caution. 5. Combine with other tools such as trend indicators, support/resistance zones, or price action patterns for more reliable trade setups. ________________________________________ Practical Example • Sell Pressure: 70% → Suggests strong seller control; potential for short setups. • Buy Pressure: 30% → Weak buying interest; long trades may carry risk. • Volume Percentage: 120% → Indicates a surge in participation; movement may have greater validity. ________________________________________ Tips for New Traders • Use this indicator as a confirmation tool rather than a standalone strategy. • Begin on higher timeframes (4-hour or daily) to develop familiarity. • Compare multiple examples to identify reliable patterns over time. • Always incorporate proper risk management, including stop losses. ________________________________________ Disclaimer from aiTrendview This indicator is intended solely for educational and informational use. It does not constitute investment advice, trade signals, or financial recommendations. aiTrendview and its affiliates are not liable for any trading losses incurred through use of this tool. All trading involves risk. Past performance of any indicator does not guarantee future results. Users should conduct independent research and consult with a certified financial advisor before making any trading decisions.
Pine Script® indicator
by aiTrendview-Charting-System
Universal Futures Signals Pro – Next-Gen Day Trading IndicatorThe Universal Futures Signals Pro is a powerful, all-in-one day trading toolkit designed for futures traders seeking precision, confidence, and consistency. Whether you're trading ES, MES, NQ, MNQ, or other popular futures contracts, this indicator delivers real-time signals and advanced analytics tailored for high-performance intraday trading. 🔍 Key Features: Smart Buy/Sell Signals based on multi-factor confluence (trend, momentum, volume, volatility). EMA, VWAP, RSI, MACD & Order Block integration for accurate signal generation. Signal Clustering Detector to identify high-probability trade zones. Dynamic Risk Management: Helps define stop loss and target areas for funded evaluations. Session Filters (RTH, ETH) and Smart Money Concepts for cleaner setups. Professional Dashboard showing trend state, trade status, and signal count. Alerts for trade entries, exits, signal clusters, and trend shifts. Customizable Settings: Tailor everything from sensitivity to color schemes. Who is it for? Prop firm traders looking to pass evaluation accounts. Futures scalpers and intraday traders who value precision. Traders seeking a structured edge in volatile markets. Works Best On: Instruments: ES, MES, NQ, MNQ, RTY, YM, CL, GC, etc. Timeframes: 1m to 15m (optimized for intraday precision)
Pine Script® indicator
by praveenp09
M.Ataoglu_Super_Ortalamalar | M.Ataoglu_Super_Averages📊 M.Ataoglu Super Averages - Multi-Moving Average Analysis System English Description: M.Ataoglu Super Averages is a comprehensive multi-moving average analysis system that provides advanced technical analysis using 40 different moving average periods ranging from 25 to 1000 periods. This indicator combines multiple technical analysis concepts to deliver powerful trading signals and market insights. 🔧 How It Works: The system calculates 40 different moving averages using 8 different MA types (EMA, SMA, VWMA, WMA, HMA, DEMA, TEMA, KAMA) across four time horizons: Short-term (25-125 periods): 5 EMAs for immediate market direction Medium-term (150-375 periods): 11 EMAs for intermediate trend analysis Long-term (400-600 periods): 9 EMAs for major trend identification Super long-term (625-1000 periods): 15 EMAs for structural market analysis 📈 Core Analysis Methods: EMA Hierarchy Analysis: Evaluates the alignment of key EMAs (25, 50, 200, 500, 1000) to determine overall market structure Volume Analysis: Compares current volume to 20-period average to identify volume breakouts and confirm signals Momentum Tracking: Calculates momentum for price and key EMAs to detect acceleration/deceleration Cross Signal Generation: Monitors golden/death crosses at multiple timeframes for entry/exit signals Risk Assessment: Provides risk levels based on EMA alignment and market conditions 🎯 Signal Generation Logic: Strong Buy: 8+ bullish EMAs + EMA hierarchy + high volume Buy: 6+ bullish EMAs + EMA 25 > EMA 50 Sell: 4 or fewer bullish EMAs + bearish hierarchy Strong Sell: 2 or fewer bullish EMAs + bearish hierarchy + high volume ⚙️ Key Features: 8 different moving average types for flexibility Comprehensive volume analysis with ratio calculations Advanced momentum tracking system Multiple alert conditions for different market scenarios Visual table display with real-time market status Risk level assessment based on EMA alignment Support for multiple timeframes and instruments 📊 Usage Guidelines: Use for trend identification across multiple timeframes Combine with volume analysis for signal confirmation Monitor EMA hierarchy for overall market structure Use momentum indicators for entry/exit timing Apply risk management based on provided risk levels ⚠️ Risk Disclaimer: This indicator is for educational and analysis purposes only. Past performance does not guarantee future results. Always use proper risk management and consider multiple factors before making trading decisions.
Pine Script® indicator
by MUCAHIT_ATA_ATAOGLU
1
Risk-On - Risk-Off 3 Alarm System V2📍 Risk-On / Risk-Off Alarm Labels This overlay indicator visually displays the activation status of three key risk criteria directly on the chart using colored labels: Trend – Flagged red when price is below the 20-day EMA. Breadth – Flagged red when net new 52-week highs (NASDAQ + NYSE) are negative. Momentum – Flagged red when the PPO histogram is negative. The top label shows the total number of risk-off criteria active (0 to 3). Green dots = condition favorable (risk-on). Red dots = condition unfavorable (risk-off). Use this for fast visual confirmation of market conditions and to support allocation or de-risking decisions.
Pine Script® indicator
by Teclaro
Risk Criteria Score Histogram V2📊 Risk Criteria Score Histogram This indicator visualizes a daily risk score ranging from 0 to 3, based on three core market conditions: Trend Risk – Activated when price is below the 20-day EMA. Breadth Risk – Triggered when net new 52-week highs (NASDAQ + NYSE) are negative. Momentum Risk – Flagged when the PPO histogram turns negative. Each day, the script calculates how many of these criteria are signaling risk-off conditions. The result is plotted as a color-coded histogram: 🟩 0 – No risk signals (favorable environment) 🟨 1 – Mild caution 🟧 2 – Elevated risk 🟥 3 – All signals active (risk-off conditions) This tool helps traders track shifts in market conditions and adjust exposure accordingly. Ideal for macro and swing trading perspectives.
Pine Script® indicator
by Teclaro
Quantum Range Filter by MRKcoin### Quantum Range Filter by MRKcoin **Overview** This indicator is a sophisticated range detection tool designed based on the principles of quantitative multi-factor models. Instead of relying on a single condition, it assesses the market from three different dimensions to provide a more robust and reliable identification of range-bound (sideways) markets. When the background is highlighted in red, it indicates that the market is likely in a range phase, suggesting that trend-following strategies may be less effective, and mean-reversion (range trading) strategies could be more suitable. --- **Core Logic: A Multi-Factor Approach** The filter evaluates the market state using the following three independent factors: 1. **Momentum Volatility (RSI Bollinger Bandwidth):** * **Question:** Is the momentum of the market contracting? * **Method:** It measures the width of the Bollinger Bands applied to the RSI. A narrow bandwidth suggests that momentum is consolidating, which is a common characteristic of a range market. 2. **Price Volatility (ATR Ratio):** * **Question:** Is the actual price movement shrinking? * **Method:** It calculates the Average True Range (ATR) as a percentage of the closing price. A low ratio indicates that the price volatility itself is low, reinforcing the case for a range environment. 3. **Absence of Trend (ADX):** * **Question:** Is there a lack of a clear directional trend? * **Method:** It uses the Average Directional Index (ADX), a standard tool for measuring trend strength. A low ADX value provides active confirmation that the market is not in a trending phase. --- **How to Use** 1. **Range Detection:** The primary use is to identify ranging markets. The red highlighted background serves as a visual cue. 2. **Strategy Selection:** * **Inside the Red Zone:** Consider using range-trading strategies (e.g., buying at support, selling at resistance, using oscillators like RSI or Stochastics for overbought/oversold signals). Avoid using trend-following indicators like moving average crossovers, as they are prone to generating false signals in these conditions. * **Outside the Red Zone:** The market is likely trending. Trend-following strategies are more appropriate. 3. **Parameter Tuning (In Settings):** * **This is the key to adapting the filter to any market or timeframe.** Different assets (like BTC vs. ETH) and different timeframes have unique volatility characteristics. Don't hesitate to adjust the parameters to fit the specific chart you are analyzing. * **Range Detection Score:** This is the most important setting. It determines how many of the three factors must agree to classify the market as a range. The default is `2`, which provides a good balance. * If the filter seems **too sensitive** (highlighting too often), increase the score to `3`. * If the filter seems **not sensitive enough** (missing obvious ranges), decrease the score to `1`. * **Factor Thresholds:** For fine-tuning, adjust the thresholds for each factor. * **`RSI BB Width Threshold`:** If you want to detect even tighter momentum consolidations, *decrease* this value. * **`ATR Ratio Threshold`:** If you want to be stricter about price volatility, *decrease* this value. * **`ADX Threshold`:** To be more lenient on what constitutes a "trendless" market, *increase* this value (e.g., to 30). To be stricter, *decrease* it (e.g., to 20). * **Pro Tip:** Use the Debug Table (uncomment it in the script's code) to see the live values of each factor. This will give you a clear idea of how to set the thresholds for the specific asset you are trading. **Disclaimer** This indicator is a tool to assist in market analysis and should not be used as a standalone signal for making financial decisions. Always use it in conjunction with your own trading strategy, risk management, and analysis. Past performance is not indicative of future results. **Credits** * **Concept & Vision:** MRKcoin
Pine Script® indicator
by mrk2020
Signal Strength Technical AnalysisSignal Strength Technical Analysis – Study Material & Usage Guide Overview: This tool is a multi-layered TradingView indicator developed to help traders identify high-probability trade setups using order block detection, dynamic trendlines, volume and volatility filters, and ATR-based target projections. This guide outlines each feature, its formulaic foundation, and how to use the tool effectively in live markets. ________________________________________ Key Features and How to Use Them 1. Order Block Detection: The script identifies institutional-level buying/selling zones using sequences of directional candles. • You define the number of consecutive candles to qualify an order block. • A move qualifies as an order block if: • Price Move % = |Close(n) - Close(1)| / Close(n) × 100 ≥ Threshold • Bullish Order Block: A down candle followed by multiple up candles. • Bearish Order Block: An up candle followed by multiple down candles. These blocks are plotted and used for trade entry confirmation and support/resistance analysis. ________________________________________ 2. Trendline Logic: Support and resistance lines are drawn dynamically using pivots. • Pivot highs/lows are identified over a user-defined period (e.g., 10 bars). • Trendline slope is calculated using: • Slope = (Pivot_new - Pivot_old) / (Time_new - Time_old) • Current projected support or resistance: • Price = StartPrice + Slope × (CurrentTime - StartTime) Breakouts beyond these levels are interpreted as potential trade signals when confirmed by other filters. ________________________________________ 3. Volume and ATR Filters: These filters help eliminate weak or low-conviction signals. • Average Volume: • AvgVol = SMA(Volume, 20) • Volume Spike Detection: • Volume > AvgVol × VolumeThreshold • ATR Volatility Filter (ATR over 14 bars): • (High - Low) > ATR × ATRMultiplier If both filters pass, the market is considered active and eligible for trade setup. ________________________________________ 4. Signal Generation Logic: • Bullish Signal: Triggered when: o Price breaks above resistance or a bullish order block o Volume and ATR filters are passed o Trend is confirmed: EMA9 > EMA21 > EMA50 • Bearish Signal: Triggered when: o Price breaks below support or a bearish order block o Volume and ATR filters are passed o Trend is confirmed: EMA9 < EMA21 < EMA50 ________________________________________ 5. Target and Stop Loss Projection: Based on the Average True Range (ATR): • For Long Trades: • TP = High + (ATR × 2) • SL = Low - (ATR × 1) • For Short Trades: • TP = Low - (ATR × 2) • SL = High + (ATR × 1) Targets and stops are plotted on the chart and update dynamically. ________________________________________ 6. Trade Management and Win Rate Calculation: • Once in a trade, the script monitors price: o Hits TP → Recorded as win o Hits SL → Recorded as loss • Win Rate Calculation: • Win Rate = (Wins / Total Signals) × 100% This helps track the strategy's live effectiveness and improve decision-making. ________________________________________ How to Use the Indicator – Practical Steps 1. Setup o Add the indicator to your TradingView chart o Configure OB periods, trendline pivots, volume and ATR multipliers o Adjust display preferences 2. Wait for Signal o Look for a “BUY” or “SELL” label to appear o Confirm with:  EMA trend alignment  RSI and MACD momentum  Volume and ATR filters 3. Execute Trade o Enter on the next bar after confirmation o Use the plotted TP/SL levels as risk management o Adjust position sizing according to your trading rules 4. Manage Trade o Monitor PnL and win rate live o Exit manually or let price hit TP/SL o Respect the indicator’s environment reading (avoid trading in low-volatility or sideways zones) ________________________________________ Alerts and Automation • The script includes built-in alert conditions for: o Buy/Sell signal confirmation o Take-profit level reached o Stop-loss triggered Enable alerts in TradingView to receive real-time notifications to your mobile, email, or connected services. ________________________________________ Disclaimer from aiTrendview This tool is provided for educational and research purposes only. It is not intended as financial advice or an investment recommendation. Trading in financial markets involves substantial risk. Past performance does not guarantee future results. The user alone is responsible for all trading decisions, including risk management and strategy selection. We strongly recommend testing this tool on a demo account before applying it to real capital and consulting a licensed financial advisor where necessary.
Pine Script® indicator
by aiTrendview-Charting-System
SMC Structures and FVGสวัสดีครับ! ผมจะอธิบายอินดิเคเตอร์ "SMC Structures and FVG + MACD" ที่คุณให้มาอย่างละเอียดในแต่ละส่วน เพื่อให้คุณเข้าใจการทำงานของมันอย่างถ่องแท้ครับ อินดิเคเตอร์นี้เป็นการผสมผสานแนวคิดของ Smart Money Concept (SMC) ซึ่งเน้นการวิเคราะห์โครงสร้างตลาด (Market Structure) และ Fair Value Gap (FVG) เข้ากับอินดิเคเตอร์ MACD เพื่อใช้เป็นตัวกรองหรือตัวยืนยันสัญญาณ Choch/BoS (Change of Character / Break of Structure) 1. ภาพรวมอินดิเคเตอร์ (Overall Purpose) อินดิเคเตอร์นี้มีจุดประสงค์หลักคือ: ระบุโครงสร้างตลาด: ตีเส้นและป้ายกำกับ Choch (Change of Character) และ BoS (Break of Structure) บนกราฟโดยอัตโนมัติ ผสานการยืนยันด้วย MACD: สัญญาณ Choch/BoS จะถูกพิจารณาก็ต่อเมื่อ MACD Histogram เกิดการตัดขึ้นหรือลง (Zero Cross) ในทิศทางที่สอดคล้องกัน แสดง Fair Value Gap (FVG): หากเปิดใช้งาน จะมีการตีกล่อง FVG บนกราฟ แสดงระดับ Fibonacci: คำนวณและแสดงระดับ Fibonacci ที่สำคัญตามโครงสร้างตลาดปัจจุบัน ปรับตาม Timeframe: การคำนวณและการแสดงผลทั้งหมดจะปรับตาม Timeframe ที่คุณกำลังใช้งานอยู่โดยอัตโนมัติ 2. ส่วนประกอบหลักของโค้ด (Code Breakdown) โค้ดนี้สามารถแบ่งออกเป็นส่วนหลัก ๆ ได้ดังนี้: 2.1 Inputs (การตั้งค่า) ส่วนนี้คือตัวแปรที่คุณสามารถปรับแต่งได้ในหน้าต่างการตั้งค่าของอินดิเคเตอร์ (คลิกที่รูปฟันเฟืองข้างชื่ออินดิเคเตอร์บนกราฟ) MACD Settings (ตั้งค่า MACD): fast_len: ความยาวของ Fast EMA สำหรับ MACD (ค่าเริ่มต้น 12) slow_len: ความยาวของ Slow EMA สำหรับ MACD (ค่าเริ่มต้น 26) signal_len: ความยาวของ Signal Line สำหรับ MACD (ค่าเริ่มต้น 9) = ta.macd(close, fast_len, slow_len, signal_len): คำนวณค่า MACD Line, Signal Line และ Histogram โดยใช้ราคาปิด (close) และค่าความยาวที่กำหนด is_bullish_macd_cross: ตรวจสอบว่า MACD Histogram ตัดขึ้นเหนือเส้น 0 (จากค่าลบเป็นบวก) is_bearish_macd_cross: ตรวจสอบว่า MACD Histogram ตัดลงใต้เส้น 0 (จากค่าบวกเป็นลบ) Fear Value Gap (FVG) Settings: isFvgToShow: (Boolean) เปิด/ปิดการแสดง FVG บนกราฟ bullishFvgColor: สีสำหรับ Bullish FVG bearishFvgColor: สีสำหรับ Bearish FVG mitigatedFvgColor: สีสำหรับ FVG ที่ถูก Mitigate (ลดทอน) แล้ว fvgHistoryNbr: จำนวน FVG ย้อนหลังที่จะแสดง isMitigatedFvgToReduce: (Boolean) เปิด/ปิดการลดขนาด FVG เมื่อถูก Mitigate Structures (โครงสร้างตลาด) Settings: isStructBodyCandleBreak: (Boolean) หากเป็น true การ Break จะต้องเกิดขึ้นด้วย เนื้อเทียน ที่ปิดเหนือ/ใต้ Swing High/Low หากเป็น false แค่ไส้เทียนทะลุก็ถือว่า Break isCurrentStructToShow: (Boolean) เปิด/ปิดการแสดงเส้นโครงสร้างตลาดปัจจุบัน (เส้นสีน้ำเงินในภาพตัวอย่าง) pivot_len: ความยาวของแท่งเทียนที่ใช้ในการมองหาจุด Pivot (Swing High/Low) ยิ่งค่าน้อยยิ่งจับ Swing เล็กๆ ได้, ยิ่งค่ามากยิ่งจับ Swing ใหญ่ๆ ได้ bullishBosColor, bearishBosColor: สีสำหรับเส้นและป้าย BOS ขาขึ้น/ขาลง bosLineStyleOption, bosLineWidth: สไตล์ (Solid, Dotted, Dashed) และความหนาของเส้น BOS bullishChochColor, bearishChochColor: สีสำหรับเส้นและป้าย CHoCH ขาขึ้น/ขาลง chochLineStyleOption, chochLineWidth: สไตล์ (Solid, Dotted, Dashed) และความหนาของเส้น CHoCH currentStructColor, currentStructLineStyleOption, currentStructLineWidth: สี, สไตล์ และความหนาของเส้นโครงสร้างตลาดปัจจุบัน structHistoryNbr: จำนวนการ Break (Choch/BoS) ย้อนหลังที่จะแสดง Structure Fibonacci (จากโค้ดต้นฉบับ): เป็นชุด Input สำหรับเปิด/ปิด, กำหนดค่า, สี, สไตล์ และความหนาของเส้น Fibonacci Levels ต่างๆ (0.786, 0.705, 0.618, 0.5, 0.382) ที่จะถูกคำนวณจากโครงสร้างตลาดปัจจุบัน 2.2 Helper Functions (ฟังก์ชันช่วยทำงาน) getLineStyle(lineOption): ฟังก์ชันนี้ใช้แปลงค่า String ที่เลือกจาก Input (เช่น "─", "┈", "╌") ให้เป็นรูปแบบ line.style_ ที่ Pine Script เข้าใจ get_structure_highest_bar(lookback): ฟังก์ชันนี้พยายามหา Bar Index ของแท่งเทียนที่ทำ Swing High ภายในช่วง lookback ที่กำหนด get_structure_lowest_bar(lookback): ฟังก์ชันนี้พยายามหา Bar Index ของแท่งเทียนที่ทำ Swing Low ภายในช่วง lookback ที่กำหนด is_structure_high_broken(...): ฟังก์ชันนี้ตรวจสอบว่าราคาปัจจุบันได้ Break เหนือ _structureHigh (Swing High) หรือไม่ โดยพิจารณาจาก _highStructBreakPrice (ราคาปิดหรือราคา High ขึ้นอยู่กับการตั้งค่า isStructBodyCandleBreak) FVGDraw(...): ฟังก์ชันนี้รับ Arrays ของ FVG Boxes, Types, Mitigation Status และ Labels มาประมวลผล เพื่ออัปเดตสถานะของ FVG (เช่น ถูก Mitigate หรือไม่) และปรับขนาด/ตำแหน่งของ FVG Box และ Label บนกราฟ 2.3 Global Variables (ตัวแปรทั่วทั้งอินดิเคเตอร์) เป็นตัวแปรที่ประกาศด้วย var ซึ่งหมายความว่าค่าของมันจะถูกเก็บไว้และอัปเดตในแต่ละแท่งเทียน (persists across bars) structureLines, structureLabels: Arrays สำหรับเก็บอ็อบเจกต์ line และ label ของเส้น Choch/BoS ที่วาดบนกราฟ fvgBoxes, fvgTypes, fvgLabels, isFvgMitigated: Arrays สำหรับเก็บข้อมูลของ FVG Boxes และสถานะต่างๆ structureHigh, structureLow: เก็บราคาของ Swing High/Low ที่สำคัญของโครงสร้างตลาดปัจจุบัน structureHighStartIndex, structureLowStartIndex: เก็บ Bar Index ของจุดเริ่มต้นของ Swing High/Low ที่สำคัญ structureDirection: เก็บสถานะของทิศทางโครงสร้างตลาด (1 = Bullish, 2 = Bearish, 0 = Undefined) fiboXPrice, fiboXStartIndex, fiboXLine, fiboXLabel: ตัวแปรสำหรับเก็บข้อมูลและอ็อบเจกต์ของเส้น Fibonacci Levels isBOSAlert, isCHOCHAlert: (Boolean) ใช้สำหรับส่งสัญญาณ Alert (หากมีการตั้งค่า Alert ไว้) 2.4 FVG Processing (การประมวลผล FVG) ส่วนนี้จะตรวจสอบเงื่อนไขการเกิด FVG (Bullish FVG: high < low , Bearish FVG: low > high ) หากเกิด FVG และ isFvgToShow เป็น true จะมีการสร้าง box และ label ใหม่เพื่อแสดง FVG บนกราฟ มีการจัดการ fvgBoxes และ fvgLabels เพื่อจำกัดจำนวน FVG ที่แสดงตาม fvgHistoryNbr และลบ FVG เก่าออก ฟังก์ชัน FVGDraw จะถูกเรียกเพื่ออัปเดตสถานะของ FVG (เช่น การถูก Mitigate) และปรับการแสดงผล 2.5 Structures Processing (การประมวลผลโครงสร้างตลาด) Initialization: ที่ bar_index == 0 (แท่งเทียนแรกของกราฟ) จะมีการกำหนดค่าเริ่มต้นให้กับ structureHigh, structureLow, structureHighStartIndex, structureLowStartIndex Finding Current High/Low: highest, highestBar, lowest, lowestBar ถูกใช้เพื่อหา High/Low ที่สุดและ Bar Index ของมันใน 10 แท่งล่าสุด (หรือทั้งหมดหากกราฟสั้นกว่า 10 แท่ง) Calculating Structure Max/Min Bar: structureMaxBar และ structureMinBar ใช้ฟังก์ชัน get_structure_highest_bar และ get_structure_lowest_bar เพื่อหา Bar Index ของ Swing High/Low ที่แท้จริง (ไม่ใช่แค่ High/Low ที่สุดใน lookback แต่เป็นจุด Pivot ที่สมบูรณ์) Break Price: lowStructBreakPrice และ highStructBreakPrice จะเป็นราคาปิด (close) หรือราคา Low/High ขึ้นอยู่กับ isStructBodyCandleBreak isStuctureLowBroken / isStructureHighBroken: เงื่อนไขเหล่านี้ตรวจสอบว่าราคาได้ทำลาย structureLow หรือ structureHigh หรือไม่ โดยพิจารณาจากราคา Break, ราคาแท่งก่อนหน้า และ Bar Index ของจุดเริ่มต้นโครงสร้าง Choch/BoS Logic (ส่วนสำคัญที่ถูกผสานกับ MACD): if(isStuctureLowBroken and is_bearish_macd_cross): นี่คือจุดที่ MACD เข้ามามีบทบาท หากราคาทำลาย structureLow (สัญญาณขาลง) และ MACD Histogram เกิด Bearish Zero Cross (is_bearish_macd_cross เป็น true) อินดิเคเตอร์จะพิจารณาว่าเป็น Choch หรือ BoS หาก structureDirection == 1 (เดิมเป็นขาขึ้น) หรือ 0 (ยังไม่กำหนด) จะตีเป็น "CHoCH" (เปลี่ยนทิศทางโครงสร้างเป็นขาลง) หาก structureDirection == 2 (เดิมเป็นขาลง) จะตีเป็น "BOS" (ยืนยันโครงสร้างขาลง) มีการสร้าง line.new และ label.new เพื่อวาดเส้นและป้ายกำกับ structureDirection จะถูกอัปเดตเป็น 1 (Bullish) structureHighStartIndex, structureLowStartIndex, structureHigh, structureLow จะถูกอัปเดตเพื่อกำหนดโครงสร้างใหม่ else if(isStructureHighBroken and is_bullish_macd_cross): เช่นกันสำหรับขาขึ้น หากราคาทำลาย structureHigh (สัญญาณขาขึ้น) และ MACD Histogram เกิด Bullish Zero Cross (is_bullish_macd_cross เป็น true) อินดิเคเตอร์จะพิจารณาว่าเป็น Choch หรือ BoS หาก structureDirection == 2 (เดิมเป็นขาลง) หรือ 0 (ยังไม่กำหนด) จะตีเป็น "CHoCH" (เปลี่ยนทิศทางโครงสร้างเป็นขาขึ้น) หาก structureDirection == 1 (เดิมเป็นขาขึ้น) จะตีเป็น "BOS" (ยืนยันโครงสร้างขาขึ้น) มีการสร้าง line.new และ label.new เพื่อวาดเส้นและป้ายกำกับ structureDirection จะถูกอัปเดตเป็น 2 (Bearish) structureHighStartIndex, structureLowStartIndex, structureHigh, structureLow จะถูกอัปเดตเพื่อกำหนดโครงสร้างใหม่ การลบเส้นเก่า: d.delete_line (หากไลบรารีทำงาน) จะถูกเรียกเพื่อลบเส้นและป้ายกำกับเก่าออกเมื่อจำนวนเกิน structHistoryNbr Updating Structure High/Low (else block): หากไม่มีการ Break เกิดขึ้น แต่ราคาปัจจุบันสูงกว่า structureHigh หรือต่ำกว่า structureLow ในทิศทางที่สอดคล้องกัน (เช่น ยังคงเป็นขาขึ้นและทำ High ใหม่) structureHigh หรือ structureLow จะถูกอัปเดตเพื่อติดตาม High/Low ที่สุดของโครงสร้างปัจจุบัน Current Structure Display: หาก isCurrentStructToShow เป็น true อินดิเคเตอร์จะวาดเส้น structureHighLine และ structureLowLine เพื่อแสดงขอบเขตของโครงสร้างตลาดปัจจุบัน Fibonacci Display: หาก isFiboXToShow เป็น true อินดิเคเตอร์จะคำนวณและวาดเส้น Fibonacci Levels ต่างๆ (0.786, 0.705, 0.618, 0.5, 0.382) โดยอิงจาก structureHigh และ structureLow ของโครงสร้างตลาดปัจจุบัน Alerts: alertcondition: ใช้สำหรับตั้งค่า Alert ใน TradingView เมื่อเกิดสัญญาณ BOS หรือ CHOCH plot(na): plot(na) เป็นคำสั่งที่สำคัญในอินดิเคเตอร์ที่ไม่ได้ต้องการพล็อต Series ของข้อมูลบนกราฟ (เช่น ไม่ได้พล็อตเส้น EMA หรือ RSI) แต่ใช้วาดอ็อบเจกต์ (Line, Label, Box) โดยตรง การมี plot(na) ช่วยให้ Pine Script รู้ว่าอินดิเคเตอร์นี้มีเอาต์พุตที่แสดงผลบนกราฟ แม้ว่าจะไม่ได้เป็น Series ที่พล็อตตามปกติก็ตาม 3. วิธีใช้งาน คัดลอกโค้ดทั้งหมด ที่อยู่ในบล็อก immersive ด้านบน ไปที่ TradingView และเปิดกราฟที่คุณต้องการ คลิกที่เมนู "Pine Editor" ที่อยู่ด้านล่างของหน้าจอ ลบโค้ดเดิมที่มีอยู่ และ วางโค้ดที่คัดลอกมา ลงไปแทน คลิกที่ปุ่ม "Add to Chart" อินดิเคเตอร์จะถูกเพิ่มลงในกราฟของคุณโดยอัตโนมัติ คุณสามารถคลิกที่รูปฟันเฟืองข้างชื่ออินดิเคเตอร์บนกราฟเพื่อเข้าถึงหน้าต่างการตั้งค่าและปรับแต่งตามความต้องการของคุณได้ Hello! I will explain the "SMC Structures and FVG + MACD" indicator you provided in detail, section by section, so you can fully understand how it works.This indicator combines the concepts of Smart Money Concept (SMC), which focuses on analyzing Market Structure and Fair Value Gaps (FVG), with the MACD indicator to serve as a filter or confirmation for Choch (Change of Character) and BoS (Break of Structure) signals.1. Overall PurposeThe main purposes of this indicator are:Identify Market Structure: Automatically draw lines and label Choch (Change of Character) and BoS (Break of Structure) on the chart.Integrate MACD Confirmation: Choch/BoS signals will only be considered when the MACD Histogram performs a cross (Zero Cross) in the corresponding direction.Display Fair Value Gap (FVG): If enabled, FVG boxes will be drawn on the chart.Display Fibonacci Levels: Calculate and display important Fibonacci levels based on the current market structure.Adapt to Timeframe: All calculations and displays will automatically adjust to the timeframe you are currently using.2. Code BreakdownThis code can be divided into the following main sections:2.1 Inputs (Settings)This section contains variables that you can adjust in the indicator's settings window (click the gear icon next to the indicator's name on the chart).MACD Settings:fast_len: Length of the Fast EMA for MACD (default 12)slow_len: Length of the Slow EMA for MACD (default 26)signal_len: Length of the Signal Line for MACD (default 9) = ta.macd(close, fast_len, slow_len, signal_len): Calculates the MACD Line, Signal Line, and Histogram using the closing price (close) and the specified lengths.is_bullish_macd_cross: Checks if the MACD Histogram crosses above the 0 line (from negative to positive).is_bearish_macd_cross: Checks if the MACD Histogram crosses below the 0 line (from positive to negative).Fear Value Gap (FVG) Settings:isFvgToShow: (Boolean) Enables/disables the display of FVG on the chart.bullishFvgColor: Color for Bullish FVG.bearishFvgColor: Color for Bearish FVG.mitigatedFvgColor: Color for FVG that has been mitigated.fvgHistoryNbr: Number of historical FVG to display.isMitigatedFvgToReduce: (Boolean) Enables/disables reducing the size of FVG when mitigated.Structures (โครงสร้างตลาด) Settings:isStructBodyCandleBreak: (Boolean) If true, the break must occur with the candle body closing above/below the Swing High/Low. If false, a wick break is sufficient.isCurrentStructToShow: (Boolean) Enables/disables the display of the current market structure lines (blue lines in the example image).pivot_len: Lookback length for identifying Pivot points (Swing High/Low). A smaller value captures smaller, more frequent swings; a larger value captures larger, more significant swings.bullishBosColor, bearishBosColor: Colors for bullish/bearish BOS lines and labels.bosLineStyleOption, bosLineWidth: Style (Solid, Dotted, Dashed) and width of BOS lines.bullishChochColor, bearishChochColor: Colors for bullish/bearish CHoCH lines and labels.chochLineStyleOption, chochLineWidth: Style (Solid, Dotted, Dashed) and width of CHoCH lines.currentStructColor, currentStructLineStyleOption, currentStructLineWidth: Color, style, and width of the current market structure lines.structHistoryNbr: Number of historical breaks (Choch/BoS) to display.Structure Fibonacci (from original code):A set of inputs to enable/disable, define values, colors, styles, and widths for various Fibonacci Levels (0.786, 0.705, 0.618, 0.5, 0.382) that will be calculated from the current market structure.2.2 Helper FunctionsgetLineStyle(lineOption): This function converts the selected string input (e.g., "─", "┈", "╌") into a line.style_ format understood by Pine Script.get_structure_highest_bar(lookback): This function attempts to find the Bar Index of the Swing High within the specified lookback period.get_structure_lowest_bar(lookback): This function attempts to find the Bar Index of the Swing Low within the specified lookback period.is_structure_high_broken(...): This function checks if the current price has broken above _structureHigh (Swing High), considering _highStructBreakPrice (closing price or high price depending on isStructBodyCandleBreak setting).FVGDraw(...): This function takes arrays of FVG Boxes, Types, Mitigation Status, and Labels to process and update the status of FVG (e.g., whether it's mitigated) and adjust the size/position of FVG Boxes and Labels on the chart.2.3 Global VariablesThese are variables declared with var, meaning their values are stored and updated on each bar (persists across bars).structureLines, structureLabels: Arrays to store line and label objects for Choch/BoS lines drawn on the chart.fvgBoxes, fvgTypes, fvgLabels, isFvgMitigated: Arrays to store FVG box data and their respective statuses.structureHigh, structureLow: Stores the price of the significant Swing High/Low of the current market structure.structureHighStartIndex, structureLowStartIndex: Stores the Bar Index of the start point of the significant Swing High/Low.structureDirection: Stores the status of the market structure direction (1 = Bullish, 2 = Bearish, 0 = Undefined).fiboXPrice, fiboXStartIndex, fiboXLine, fiboXLabel: Variables to store data and objects for Fibonacci Levels.isBOSAlert, isCHOCHAlert: (Boolean) Used to trigger alerts in TradingView (if alerts are configured).2.4 FVG ProcessingThis section checks the conditions for FVG formation (Bullish FVG: high < low , Bearish FVG: low > high ).If FVG occurs and isFvgToShow is true, a new box and label are created to display the FVG on the chart.fvgBoxes and fvgLabels are managed to limit the number of FVG displayed according to fvgHistoryNbr and remove older FVG.The FVGDraw function is called to update the FVG status (e.g., whether it's mitigated) and adjust its display.2.5 Structures ProcessingInitialization: At bar_index == 0 (the first bar of the chart), structureHigh, structureLow, structureHighStartIndex, and structureLowStartIndex are initialized.Finding Current High/Low: highest, highestBar, lowest, lowestBar are used to find the highest/lowest price and its Bar Index of it in the last 10 bars (or all bars if the chart is shorter than 10 bars).Calculating Structure Max/Min Bar: structureMaxBar and structureMinBar use get_structure_highest_bar and get_structure_lowest_bar functions to find the Bar Index of the true Swing High/Low (not just the highest/lowest in the lookback but a complete Pivot point).Break Price: lowStructBreakPrice and highStructBreakPrice will be the closing price (close) or the Low/High price, depending on the isStructBodyCandleBreak setting.isStuctureLowBroken / isStructureHighBroken: These conditions check if the price has broken structureLow or structureHigh, considering the break price, previous bar prices, and the Bar Index of the structure's starting point.Choch/BoS Logic (Key Integration with MACD):if(isStuctureLowBroken and is_bearish_macd_cross): This is where MACD plays a role. If the price breaks structureLow (bearish signal) AND the MACD Histogram performs a Bearish Zero Cross (is_bearish_macd_cross is true), the indicator will consider it a Choch or BoS.If structureDirection == 1 (previously bullish) or 0 (undefined), it will be labeled "CHoCH" (changing structure direction to bearish).If structureDirection == 2 (already bearish), it will be labeled "BOS" (confirming bearish structure).line.new and label.new are used to draw the line and label.structureDirection will be updated to 1 (Bullish).structureHighStartIndex, structureLowStartIndex, structureHigh, structureLow will be updated to define the new structure.else if(isStructureHighBroken and is_bullish_macd_cross): Similarly for bullish breaks. If the price breaks structureHigh (bullish signal) AND the MACD Histogram performs a Bullish Zero Cross (is_bullish_macd_cross is true), the indicator will consider it a Choch or BoS.If structureDirection == 2 (previously bearish) or 0 (undefined), it will be labeled "CHoCH" (changing structure direction to bullish).If structureDirection == 1 (already bullish), it will be labeled "BOS" (confirming bullish structure).line.new and label.new are used to draw the line and label.structureDirection will be updated to 2 (Bearish).structureHighStartIndex, structureLowStartIndex, structureHigh, structureLow will be updated to define the new structure.Deleting Old Lines: d.delete_line (if the library works) will be called to delete old lines and labels when their number exceeds structHistoryNbr.Updating Structure High/Low (else block): If no break occurs, but the current price is higher than structureHigh or lower than structureLow in the corresponding direction (e.g., still bullish and making a new high), structureHigh or structureLow will be updated to track the highest/lowest point of the current structure.Current Structure Display:If isCurrentStructToShow is true, the indicator draws structureHighLine and structureLowLine to show the boundaries of the current market structure.Fibonacci Display:If isFiboXToShow is true, the indicator calculates and draws various Fibonacci Levels (0.786, 0.705, 0.618, 0.5, 0.382) based on the structureHigh and structureLow of the current market structure.Alerts:alertcondition: Used to set up alerts in TradingView when BOS or CHOCH signals occur.plot(na):plot(na) is an important statement in indicators that do not plot data series directly on the chart (e.g., not plotting EMA or RSI lines) but instead draw objects (Line, Label, Box).Having plot(na) helps Pine Script recognize that this indicator has an output displayed on the chart, even if it's not a regularly plotted series.3. How to UseCopy all the code in the immersive block above.Go to TradingView and open your desired chart.Click on the "Pine Editor" menu at the bottom of the screen.Delete any existing code and paste the copied code in its place.Click the "Add to Chart" button.The indicator will be added to your chart automatically. You can click the gear icon next to the indicator's name on the chart to access the settings window and customize it to your needs.I hope this explanation helps you understand this indicator in detail. If anything is unclear, or you need further adjustments, please let me know.
Pine Script® indicator
by Mr-7TRILL