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Candlestick analysis

Open Interest OverlayOpen Interest Overlay Overview This indicator displays Open Interest (OI) data directly on your price chart as an overlay, eliminating the need for separate panes while preserving authentic OI movement patterns. Perfect for traders who want to analyze OI correlations without sacrificing chart real estate. Key Features 📊 Smart Price Scaling • Automatically maps Open Interest values to fit within your chart's price range • Preserves all directional movements, timing, and relative magnitude relationships • Uses official TradingView Open Interest feed for accuracy 🎨 Full Customization • Custom Colors: Choose your own colors for rising/falling OI (defaults: teal/red) • Line Style: Toggle between step-line (traditional) or smooth line display • Optional Fill: Shade area between OI line and mid-price for better visual reference • Smoothing Options: Apply moving average smoothing to reduce noise ⚙️ Intelligent Settings • Normalization Window: 300-bar lookback (customizable) for scaling calculations • Auto Timeframe: Uses daily data for intraday charts on traditional assets, chart timeframe for crypto • Real Value Display: Shows actual (unscaled) OI value on the last bar How It Works The indicator performs proportional mapping of Open Interest data: 1. Calculates OI range (high/low) over the lookback period 2. Maps this range to your chart's price range during the same period 3. Displays OI movements that maintain authentic patterns and timing Perfect For ✅ Correlation Analysis - See how OI moves with price in real-time ✅ Divergence Spotting - Identify when OI and price trends diverge ✅ Clean Charts - No need for separate panes or window splitting ✅ Pattern Recognition - Spot OI building/declining during key price levels ✅ Cross-Market Analysis - View any symbol's OI overlay on your current chart (e.g., Bitcoin OI while viewing Ethereum prices) What You Get vs Traditional OI Indicators Advantages: • Authentic OI movement patterns preserved • Direct visual correlation with price action • No chart real estate sacrifice • Immediate trend and divergence recognition Trade-offs: • Shows relative OI changes rather than absolute values • Scaling is relative to the selected lookback period Ideal For • Day traders monitoring intraday OI flow • Swing traders analyzing OI trends with price movements • Futures traders tracking institutional interest • Anyone wanting clean, correlation-focused OI analysis Compatible With • Futures contracts with Open Interest data • Any timeframe (auto-adjusts for optimal data) • All TradingView-supported OI symbols
Pine Script® indicator
by geneclash
TradeIQ 3.31 • Smart Market Direction [JA]TradeIQ is designed to guide traders with predictive arrows that highlight potential market peaks and reversal zones. It also provides entry point guidance along with suggested TP/SL zones, giving you a practical framework for trade planning. ✅ Key Features: • Predictive arrows for possible turning points • Visual guide for entry opportunities • Suggested TP/SL zones for trade management • Scalping signals to capture quick, short-term opportunities • Works across Forex, Gold, Crypto, and Indices • Fully customizable to match your trading style Built from years of trading experience, TradeIQ gives traders a clear visual roadmap to support decision-making — not rigid signals. 👉 Perfect for traders who want guidance, structure, and clarity in the markets.
Pine Script® indicator
by IQcontact
ICT Daily+Weekly BiasPrevious Day & Week Levels — Daily+Weekly Bias Visualizer Plots previous-day (PDH/PDL/PDEQ) and previous-week (PWH/PWL) reference levels. Use them to frame bias and identify the Draw on Liquidty. Definitions • PDH/PDL: Prior day high/low. • PDEQ: Prior day equilibrium = (PDH + PDL) / 2. • PWH/PWL: Prior week high/low. Features • PDH/PDL lines with optional labels at left or right edge. • PDEQ line (0.5 of PD Range) with optional label. • PWH/PWL lines with optional labels. • Custom colors, styles, and width controls. • Optional Price Labels • Timeframe visibility limit. • Lines extend and stop on mitigation (when breached). *Also included in ICT ULT (All In One) Indicator *Feel free to suggest improvement in the comments
Pine Script® indicator
by mats42
TradeIQ 3.31 • Smart Market Direction [KO]TradeIQ is designed to guide traders with predictive arrows that highlight potential market peaks and reversal zones. It also provides entry point guidance along with suggested TP/SL zones, giving you a practical framework for trade planning. ✅ Key Features: • Predictive arrows for possible turning points • Visual guide for entry opportunities • Suggested TP/SL zones for trade management • Scalping signals to capture quick, short-term opportunities • Works across Forex, Gold, Crypto, and Indices • Fully customizable to match your trading style Built from years of trading experience, TradeIQ gives traders a clear visual roadmap to support decision-making — not rigid signals. 👉 Perfect for traders who want guidance, structure, and clarity in the markets.
Pine Script® indicator
by IQcontact
TradeIQ 3.31 • Smart Market Direction [EN] TradeIQ is designed to guide traders with predictive arrows that highlight potential market peaks and reversal zones. It also provides entry point guidance along with suggested TP/SL zones, giving you a practical framework for trade planning. ✅ Key Features: • Predictive arrows for possible turning points • Visual guide for entry opportunities • Suggested TP/SL zones for trade management • Scalping signals to capture quick, short-term opportunities • Works across Forex, Gold, Crypto, and Indices • Fully customizable to match your trading style Built from years of trading experience, TradeIQ gives traders a clear visual roadmap to support decision-making — not rigid signals. 👉 Perfect for traders who want guidance, structure, and clarity in the markets.
Pine Script® indicator
by IQcontact
TradeIQ 3.31 • Smart Market Direction [TH]TradeIQ is designed to guide traders with predictive arrows that highlight potential market peaks and reversal zones. It also provides entry point guidance along with suggested TP/SL zones, giving you a practical framework for trade planning. ✅ Key Features: • Predictive arrows for possible turning points • Visual guide for entry opportunities • Suggested TP/SL zones for trade management • Scalping signals to capture quick, short-term opportunities • Works across Forex, Gold, Crypto, and Indices • Fully customizable to match your trading style Built from years of trading experience, TradeIQ gives traders a clear visual roadmap to support decision-making — not rigid signals. 👉 Perfect for traders who want guidance, structure, and clarity in the markets.
Pine Script® indicator
by IQcontact
Shadow Mimicry🎯 Shadow Mimicry - Institutional Money Flow Indicator 📈 FOLLOW THE SMART MONEY LIKE A SHADOW Ever wondered when the big players are moving? Shadow Mimicry reveals institutional money flow in real-time, helping retail traders "shadow" the smart money movements that drive market trends. 🔥 WHY SHADOW MIMICRY IS DIFFERENT Most indicators show you WHAT happened. Shadow Mimicry shows you WHO is acting. Traditional indicators focus on price movements, but Shadow Mimicry goes deeper - it analyzes the relationship between price positioning and volume to detect when large institutional players are accumulating or distributing positions. 🎯 The Core Philosophy: When price closes near highs with volume = Institutions buying When price closes near lows with volume = Institutions selling When neither occurs = Wait and observe 📊 POWERFUL FEATURES ✨ 3-Zone Visual System 🟢 BUY ZONE (+20 to +100): Institutional accumulation detected ⚫ NEUTRAL ZONE (-20 to +20): Market indecision, wait for clarity 🔴 SELL ZONE (-20 to -100): Institutional distribution detected 🎨 Crystal Clear Visualization Background Colors: Instantly see market sentiment at a glance Signal Triangles: Precise entry/exit points when zones are breached Real-time Status Labels: "BUY ZONE" / "SELL ZONE" / "NEUTRAL" Smooth, Non-Repainting Signals: No false hope from future data 🔔 Smart Alert System Buy Signal: When indicator crosses above +20 Sell Signal: When indicator crosses below -20 Custom TradingView notifications keep you informed 🛠️ TECHNICAL SPECIFICATIONS Algorithm Details: Base Calculation: Modified Money Flow Index with enhanced volume weighting Smoothing: EMA-based smoothing eliminates noise while preserving signals Range: -100 to +100 for consistent scaling across all markets Timeframe: Works on all timeframes from 1-minute to monthly Optimized Parameters: Period (5-50): Default 14 - Perfect balance of sensitivity and reliability Smoothing (1-10): Default 3 - Reduces false signals while maintaining responsiveness 📚 COMPREHENSIVE TRADING GUIDE 🎯 Entry Strategies 🟢 LONG POSITIONS: Wait for indicator to cross above +20 (green triangle appears) Confirm with background turning green Best entries: Early in uptrends or after pullbacks Stop loss: Below recent swing low 🔴 SHORT POSITIONS: Wait for indicator to cross below -20 (red triangle appears) Confirm with background turning red Best entries: Early in downtrends or after rallies Stop loss: Above recent swing high ⚡ Exit Strategies Profit Taking: When indicator reaches extreme levels (±80) Stop Loss: When indicator crosses back to neutral zone Trend Following: Hold positions while in favorable zone 🔄 Risk Management Never trade against the prevailing trend Use position sizing based on signal strength Avoid trading during low volume periods Wait for clear zone breaks, avoid boundary trades 🎪 MULTI-TIMEFRAME MASTERY 📈 Scalping (1m-5m): Period: 7-10, Smoothing: 1-2 Quick reversals in Buy/Sell zones High frequency, smaller targets 📊 Day Trading (15m-1h): Period: 14 (default), Smoothing: 3 Swing high/low entries Medium frequency, balanced risk/reward 📉 Swing Trading (4h-1D): Period: 21-30, Smoothing: 5-7 Trend following approach Lower frequency, larger targets 💡 PRO TIPS & ADVANCED TECHNIQUES 🔍 Market Context Analysis: Bull Markets: Focus on buy signals, ignore weak sell signals Bear Markets: Focus on sell signals, ignore weak buy signals Sideways Markets: Trade both directions with tight stops 📈 Confirmation Techniques: Volume Confirmation: Stronger signals occur with above-average volume Price Action: Look for breaks of key support/resistance levels Multiple Timeframes: Align signals across different timeframes ⚠️ Common Pitfalls to Avoid: Don't chase signals in the middle of zones Avoid trading during major news events Don't ignore the overall market trend Never risk more than 2% per trade 🏆 BACKTESTING RESULTS Tested across 1000+ instruments over 5 years: Win Rate: 68% on daily timeframe Average Risk/Reward: 1:2.3 Best Performance: Trending markets (crypto, forex majors) Drawdown: Maximum 12% during 2022 volatility Note: Past performance doesn't guarantee future results. Always practice proper risk management. 🎓 LEARNING RESOURCES 📖 Recommended Study: Books: "Market Wizards" for institutional thinking Concepts: Volume Price Analysis (VPA) Psychology: Understanding smart money vs. retail behavior 🔄 Practice Approach: Demo First: Test on paper trading for 2 weeks Small Size: Start with minimal position sizes Journal: Track all trades and signal quality Refine: Adjust parameters based on your trading style ⚠️ IMPORTANT DISCLAIMERS 🚨 RISK WARNING: Trading involves substantial risk of loss Past performance is not indicative of future results This indicator is a tool, not a guarantee Always use proper risk management 📋 TERMS OF USE: For personal trading use only Redistribution or modification prohibited No warranty expressed or implied User assumes all trading risks 💼 NOT FINANCIAL ADVICE: This indicator is for educational and analytical purposes only. Always consult with qualified financial advisors and trade responsibly. 🛡️ COPYRIGHT & CONTACT Created by: Luwan （IMTangYuan） Copyright © 2025. All Rights Reserved. Follow the shadows, trade with the smart money. Version 1.0 | Pine Script v5 | Compatible with all TradingView accounts
Pine Script® indicator
by IMTangYuan
1
地合いパターン勝率テスター地合いパターン勝率テスター 概要 日経225/TOPIXの変化率（微分）から市場の地合いを判定し、その地合いと個別銘柄の値動きの関係を過去データから統計的に分析するインジケーターです。「地合いに逆らわない」取引の実現を支援します。 主な機能 1. レジーム判定（背景色） 緑：指数の変化率が上向き（地合い良好） 赤：下向き（地合い悪化） 白：横ばい（明確なトレンドなし） グラデーション機能により変化率の強さを視覚化 2. 統計表示（右上テーブル） Hit率：該当レジームでの勝率（過去実績） ExpRet：平均リターン Coverage：シグナル出現頻度 Forward horizon：評価期間（営業日換算付き） 3. 押し目フィルター機能 RSI≤40 または 価格0を確認 サンプル数(n)≥50を満たす設定を採用 エントリー判断 白/赤→緑への切り替え後 押し目条件を確認（RSI≤40 or 価格0 for each setting Adopt settings that meet sample size (n) ≥50 Entry Decision After white/red → green transition Confirm dip conditions (RSI≤40 or Price
Pine Script® indicator
by zukinkun
Complexity v3.2Complex Trend Analyzer v6.1 v3.2 Advanced multi-indicator trend analysis with dynamic timeframe adaptation! Overview: This sophisticated indicator combines multiple technical analysis tools for comprehensive trend analysis. It features EMA crossovers, RSI momentum, MACD signals, Bollinger Bands, volume analysis, divergence detection, and multi-timeframe analysis with dynamic parameter adaptation based on market volatility. Key Features: ✅ Multi-Indicator Analysis - EMA, RSI, MACD, Bollinger Bands, Volume, ATR ✅ Divergence Detection - Bullish and bearish divergence with strength calculation ✅ Dynamic Timeframe Adaptation - Parameters adjust automatically based on timeframe ✅ Trend Tracking - Complete trend lifecycle with BUY/SELL/END signals ✅ Multi-Timeframe Analysis - M5, M15, M30 trend comparison ✅ Risk Management - Volatility filtering and warning system ✅ Visual Clarity - Clean labels, trend lines, and information table How It Works: The indicator uses a weighted scoring system: • EMA (2.0) - Primary trend direction • RSI (1.5) - Momentum confirmation • MACD (1.5) - Trend momentum • Bollinger Bands (1.0) - Volatility context • Volume (1.0) - Volume confirmation • Price Action (0.5 each) - Higher highs/lows Signal Logic: • BUY - Weighted score > threshold + filters passed • SELL - Weighted score > threshold + filters passed • END - Trend reversal conditions met Visual Elements: • 🟢 BUY - Green label with trend tracking • 🔴 SELL - Red label with trend tracking • ⚫ END - Gray label marking trend end • × BUY - Green crosses for bullish divergence • × SELL - Red crosses for bearish divergence • ⚠️ - Warning signals for trend reversals Information Table: Real-time display showing: • ATR volatility with signal (HIGH/MED/LOW/NORMAL VOL) • Divergence status with strength percentage • BUY/SELL signal count and overall signal • Multi-Timeframe analysis (M5, M15, M30) • Current trend with strength percentage • Detailed trend strength analysis Dynamic Adaptation: Parameters automatically adjust based on timeframe: • M1 - Fastest reaction (1.5-7.5 bars) • M3 - Quick response (2-10 bars) • M5 - Standard setting (3-15 bars) • M15 - Slower, more reliable (4-20 bars) Settings: • EMA - Fast (9), Slow (21), Trend (50) • RSI - Length (14), Overbought (70), Oversold (30) • MACD - Fast (12), Slow (26), Signal (9) • Bollinger Bands - Length (20), Multiplier (2.0) • ATR - Length (14) for volatility measurement • Volume Threshold - 1.5x average volume Best Practices: 🎯 Works best in trending markets 📊 Use as overlay on main chart ⚡ Combine with price action analysis 🛡️ Always use proper risk management 🔍 Watch for divergence signals ⚠️ Pay attention to warning signals Pro Tips: • Green background = Strong uptrend, Red background = Strong downtrend • Orange background = Risk zone (high volatility/RSI extremes) • × marks indicate divergence opportunities • ⚠️ warnings signal potential trend reversals • Use multi-timeframe analysis for confirmation • Monitor the information table for comprehensive market view Alerts: • BUY Alert - "BUY signal detected" • SELL Alert - "SELL signal detected" • Divergence Alert - "Divergence detected" • Warning Alert - "Trend warning" Version 3.2 Improvements: • Enhanced multi-indicator analysis • Improved divergence detection with strength calculation • Advanced dynamic timeframe adaptation • Comprehensive risk management system • Professional visual presentation • Weighted scoring system for better accuracy Created with ❤️ for the trading community This indicator is free to use for both commercial and non-commercial purposes.
Pine Script® indicator
by panzmoravy
Trend Analyzer MACD EnhancedTrend Analyzer MACD Enhanced Advanced trend analysis with MACD, RSI, Volume and Divergence detection! Overview This comprehensive indicator combines multiple technical analysis tools into one powerful visualization. It features dynamic background coloring, real-time signal strength calculation, and automatic divergence detection for complete market analysis. Key Features ✅ Multi-Indicator Analysis- MACD, RSI, and Volume in one indicator ✅ Divergence Detection - Automatic bullish and bearish divergence identification ✅ Dynamic Background - Color-coded trend zones with smooth transitions ✅ Signal Strength - Weighted calculation showing overall market sentiment (0-100%) ✅ Trend Change Detection - Visual markers for trend reversals ✅ Information Table - Real-time status of all indicators How It Works The indicator calculates signal strength using weighted analysis: - MACD (50%) - Primary trend momentum - RSI (30%) - Overbought/oversold conditions - Volume (20%) - Volume confirmation Signal Strength Range: -100% to +100% Visual Elements Background Colors: - 🟢 **Green** - Uptrend (intensity based on signal strength) - 🔴 **Red** - Downtrend (intensity based on signal strength) - ⚪ **Gray** - Neutral/sideways market Trend Markers: - 🔺 **Green Triangle Up** - Start of new uptrend - 🔻 **Red Triangle Down** - Start of new downtrend - 📏 **Vertical Lines** - Trend change confirmation Information Table Real-time display showing: - Trend - Current trend state with color coding - MACD - Direction and crossover status - RSI - Level and overbought/oversold status - Volume - Level and trend direction - Divergence - Current divergence status - Signal Strength - Overall percentage Alerts Built-in alerts for: - Strong Buy/Sell Signals - High probability setups - Divergence Signals - Early reversal warnings Settings MACD:Fast (12), Slow (26), Signal (9) RSI:Length (14), Overbought (70), Oversold (30) Volume:MA Length (20), Threshold (1.5x) Display:Toggle RSI, Volume, and Table visibility Best Practices 🎯 Works best in trending markets 📊 Use in separate window below main chart ⚡ Combine with price action analysis 🛡️ Always use proper risk management Pro Tips - Green background = Strong uptrend, Red background = Strong downtrend - Signal strength > 50% = Very bullish, < -50% = Very bearish - Watch for divergence signals for early reversal warnings - Use the information table for quick market assessment --- Created with ❤️ for the trading community This indicator is free to use for both commercial and non-commercial purposes.
Pine Script® indicator
by panzmoravy
Ban GapBan Gap Indicator Description The Ban Gap indicator is a time-sensitive gap detection tool designed for intraday trading on low-timeframe charts. It reconstructs synthetic OHLC (Open, High, Low, Close) candles to highlight potential gaps, allowing traders to quickly identify price discontinuities and significant movement zones across multiple second-based timeframes. Unlike standard indicators, Ban Gap offers dynamic candle reconstruction and a customizable timeframe filter, enabling traders to see gap formations in real-time without cluttering charts. How It Works * Synthetic Candle Construction: * Recalculates candle values using the previous candle’s close and the current price. * Identifies “gaps” between candle closes and opens. * Can be applied to all candles or only to daily opens. * Configurable hour threshold to detect the start of a new trading day. * Color Coding: * Green/Teal Candles: Bullish synthetic candles (Close > Open) * Red Candles: Bearish synthetic candles (Close < Open) * Quickly visualize market sentiment at a glance. * Timeframe Filtering: * Supports 1s, 5s, 10s, 15s, 30s,45s and 1m charts. * Traders can enable or disable the indicator on specific timeframes using checkboxes. * Avoids clutter on high-frequency charts. * Gap Detection Logic: * Calculates the time difference between consecutive candles in hours. * When the gap exceeds the threshold, it reconstructs the candle to highlight potential session/day changes. Key Features * Dynamic Synthetic OHLC: Highlights gaps effectively using reconstructed candle values. * Custom Day Open Detection: Apply logic only to daily opens with a configurable hour threshold. * Multi-Timeframe Support: Fully customizable for 1s, 5s, 10s, 15s, 30s,45s and 1m charts. * Color-Coded Candles: Instantly differentiate bullish vs. bearish synthetic candles. * Clean Chart Display: Only plots on selected timeframes to avoid clutter.
Pine Script® indicator
by Vignesh_Baskar
Trend Bars with Okuninushi Line Filter# Trend Bars with Okuninushi Line Filter: A Powerful Trading Indicator ## Introduction The **Trend Bars with Okuninushi Line Filter** is an innovative technical indicator that combines two powerful concepts: trend bar analysis and the Okuninushi Line filter. This indicator helps traders identify high-quality trending moves by analyzing candle body strength relative to the overall price range while ensuring the price action aligns with the dominant market structure. ## What Are Trend Bars? Trend bars are candles where the body (distance between open and close) represents a significant portion of the total price range (high to low). These bars indicate strong directional momentum with minimal indecision, making them valuable signals for trend continuation. ### Key Characteristics: - **Strong directional movement**: Large body relative to total range - **Minimal upper/lower shadows**: Shows sustained pressure in one direction - **High conviction**: Represents decisive market action ## The Okuninushi Line Filter The Okuninushi Line, also known as the Kijun Line in Ichimoku analysis, is calculated as the midpoint of the highest high and lowest low over a specified period (default: 52 periods). **Formula**: `(Highest High + Lowest Low) / 2` This line acts as a dynamic support/resistance level and trend filter, helping to: - Identify the overall market bias - Filter out counter-trend signals - Provide confluence for trade entries ## How the Indicator Works The indicator combines these two concepts with the following logic: ### Bull Trend Bars (Green) A candle is colored **green** when ALL conditions are met: 1. **Bullish candle**: Close > Open 2. **Strong body**: |Close - Open| ≥ Threshold × (High - Low) 3. **Above trend filter**: Close > Okuninushi Line ### Bear Trend Bars (Red) A candle is colored **red** when ALL conditions are met: 1. **Bearish candle**: Close < Open 2. **Strong body**: |Close - Open| ≥ Threshold × (High - Low) 3. **Below trend filter**: Close < Okuninushi Line ### Neutral Bars (Gray) All other candles that don't meet the complete criteria are colored **gray**. ## Customizable Parameters ### Trend Bar Threshold - **Range**: 10% to 100% - **Default**: 75% - **Purpose**: Controls how "strong" a candle must be to qualify as a trend bar **Threshold Effects:** - **Low (10-30%)**: More sensitive, catches smaller trending moves - **Medium (50-75%)**: Balanced approach, filters out most noise - **High (80-100%)**: Very selective, only captures the strongest moves ### Okuninushi Line Length - **Default**: 52 periods - **Purpose**: Determines the lookback period for calculating the midpoint - **Common Settings**: - 26 periods: More responsive to recent price action - 52 periods: Standard setting, good balance - 104 periods: Longer-term trend perspective ## Trading Applications ### 1. Trend Continuation Signals - **Green bars**: Look for bullish continuation opportunities - **Red bars**: Consider bearish continuation setups - **Gray bars**: Exercise caution, mixed signals ### 2. Market Structure Analysis - Clusters of same-colored bars indicate strong trends - Alternating colors suggest choppy, indecisive markets - Transition from red to green (or vice versa) may signal trend changes ### 3. Entry Timing - Use colored bars as confirmation for existing trade setups - Wait for color alignment with your market bias - Avoid trading during predominantly gray periods ### 4. Risk Management - Gray bars can serve as early warning signs of weakening trends - Color changes might indicate appropriate exit points - Use in conjunction with other risk management tools ## Advantages 1. **Dual Filtering**: Combines momentum (trend bars) with trend direction (Okuninushi Line) 2. **Visual Clarity**: Immediate visual feedback through candle coloring 3. **Customizable**: Adjustable parameters for different trading styles 4. **Versatile**: Works across multiple timeframes and instruments 5. **Objective**: Rule-based system reduces subjective interpretation ## Limitations 1. **Lagging Nature**: Based on historical price data 2. **False Signals**: Can produce whipsaws in choppy markets 3. **Parameter Sensitivity**: Requires optimization for different instruments 4. **Market Conditions**: May be less effective in ranging markets ## Best Practices ### Optimization Tips: - **Volatile Markets**: Use higher thresholds (80-90%) - **Steady Trends**: Use moderate thresholds (60-75%) - **Short-term Trading**: Shorter Okuninushi Line periods (26) - **Long-term Analysis**: Longer Okuninushi Line periods (104+) ### Combination Strategies: - Pair with volume indicators for confirmation - Use alongside support/resistance levels - Combine with other trend-following indicators - Consider market context and overall trend direction ## Conclusion The Trend Bars with Okuninushi Line Filter offers traders a sophisticated yet intuitive way to identify high-quality trending moves. By combining the momentum characteristics of trend bars with the directional filter of the Okuninushi Line, this indicator helps traders focus on the most promising opportunities while avoiding low-probability setups. Remember that no single indicator should be used in isolation. Always consider market context, risk management, and other technical factors when making trading decisions. The true power of this indicator lies in its ability to quickly highlight periods of strong, aligned price action – exactly what trend traders are looking for. --- *Disclaimer: This article is for educational purposes only and should not be considered as financial advice. Always conduct your own research and consider your risk tolerance before making any trading decisions.*
Pine Script® indicator
by YAMAGUCHI-KUNI