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Candlestick analysis

ILM Checklist [Nix]ILM Checklist and Ratings Indicator! This is a checklist type guide for those that trade the ILM model and are having trouble rating setups on their own. You can double click on the checklist to open its settings where you can select all the confluences you see on the chart while a setup is forming. Then the checklist will give you a mechanical estimate of what rating would Nix give it. Obviously discretion is important as an A+ mechanical setup if still an F setup if you are executing it during a news event. I have also added a dark / light mode theme toggle to suit your chart.
Pine Script® indicator
by Nix-Futures
3D Candles (Zeiierman)█ Overview 3D Candles (Zeiierman) is a unique 3D take on classic candlesticks, offering a fresh, high-clarity way to visualize price action directly on your chart. Visualizing price in alternative ways can help traders interpret the same data differently and potentially gain a new perspective. █ How It Works ⚪ 3D Body Construction For each bar, the script computes the candle body (open/close bounds), then projects a top face offset by a depth amount. The depth is proportional to that candle’s high–low range, so it looks consistent across symbols with different prices/precisions. rng = math.max(1e-10, high - low ) // candle range depthMag = rng * depthPct * factorMag // % of range, shaped by tilt amount depth = depthMag * factorSign // direction from dev (up/down) depthPct → how “thick” the 3D effect is, as a % of each candle’s own range. factorMag → scales the effect based on your tilt input (dev), with a smooth curve so small tilts still show. factorSign → applies the direction of the tilt (up or down). ⚪ Tilt & Perspective Tilt is controlled by dev and translated into a gentle perspective factor: slope = (4.0 * math.abs(dev)) / width factorMag = math.pow(math.min(1.0, slope), 0.5) // sqrt softens response factorSign = dev == 0 ? 0.0 : math.sign(dev) // direction (up/down) Larger dev → stronger 3D presence (up to a cap). The square-root curve makes small dev values noticeable without overdoing it. █ How to Use Traders can use 3D Candles just like regular candlesticks. The difference is the 3D visualization, which can broaden your view and help you notice price behavior from a fresh perspective. ⚪ Quick setup (dual-view): Split your TradingView layout into two synchronized charts. Right pane: keep your standard candlestick or bar chart for live execution. Left pane: add 3D Candles (Zeiierman) to compare the same symbol/timeframe. Observe differences: the 3D rendering can make expansion/contraction and body emphasis easier to spot at a glance. █ Go Full 3D Take the experience further by pairing 3D Candles (Zeiierman) with Volume Profile 3D (Zeiierman) , a perfect complement that shows where activity is concentrated, while your 3D candles show how the price unfolded. █ Settings Candles — How many 3D candles to draw. Higher values draw more shapes and may impact performance on slower machines. Block Width (bars) — Visual thickness of each 3D candle along the x-axis. Larger values look chunkier but can overlap more. Up/Down — Controls the tilt and strength of the 3D top face. 3D depth (% of range) — Thickness of the 3D effect as a percentage of each candle’s own high–low range. Larger values exaggerate the depth. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Pine Script® indicator
by Zeiierman
4
TrendShield Pro | DinkanWorldSmart Trailing Trend System Powered by EMA + ATR TrendShield Pro is a powerful trend detection and trailing stop indicator designed for traders who rely on pure price movement and volatility tracking. It dynamically adapts to market conditions using a combination of EMA (Exponential Moving Average) and ATR (Average True Range) to identify the active trend and place a visual trailing stop line. 🔍 How It Works TrendShield Pro combines trend direction and volatility to create a self-adjusting trailing system: EMA (Exponential Moving Average): Smooths price fluctuations and identifies the overall market bias. ATR (Average True Range): Measures volatility to determine how far the trailing stop should follow the trend. Dynamic Bands: Two invisible thresholds are formed — up and down — around the EMA using the ATR and your chosen Factor value. Trailing Logic: When the EMA is rising, the Trailing Stop (TUp) locks in higher lows. When the EMA is falling, the Trailing Stop (TDown) locks in lower highs. The indicator switches trend automatically based on price crossing these trailing levels. 🧭 Visuals & Features Green Trailing Line (Demand Trend): Indicates an active bullish trend. Red Trailing Line (Supply Trend): Indicates an active bearish trend. Arrow Signals: 🟢 Up Arrow → Bullish Trend Reversal 🔴 Down Arrow → Bearish Trend Reversal Diamond Markers: Show points where the trailing line shifts, marking dynamic volatility changes. ⚙️ Inputs Input Description EMA Period Length of the Exponential Moving Average ATR Period Period used for Average True Range calculation Factor Multiplier for ATR-based volatility expansion
Pine Script® indicator
by DinkanWorld
⚡ Hidden Impulse# ⚡ Hidden Impulse | Advanced Multi-Timeframe Trading System ## Overview **Hidden Impulse** is a sophisticated multi-timeframe indicator that combines three powerful technical analysis tools to identify high-probability trading opportunities. The indicator uses Schaff Trend Cycle (STC), Force Index, and EMA filters to generate precise entry signals across multiple timeframes. This indicator is designed for traders who want to catch momentum shifts early while filtering out false signals using multi-timeframe confirmation. --- ## Core Components ### 1. **Schaff Trend Cycle (STC)** The STC is an advanced oscillator that combines MACD and Stochastic indicators to identify trend changes faster than traditional oscillators. It oscillates between 0 and 100: - **Below 25**: Oversold zone (potential bullish reversal) - **Above 75**: Overbought zone (potential bearish reversal) - **Crossovers**: Signal potential trend changes **Key Advantage**: The STC reacts faster to price changes than MACD while producing fewer false signals than Stochastic. ### 2. **Force Index** Developed by Dr. Alexander Elder, the Force Index measures the strength behind price movements by combining: - Price change - Volume It helps confirm the legitimacy of trends: - **Positive values**: Bulls are in control - **Negative values**: Bears are in control - **Zero-line crosses**: Potential momentum shifts ### 3. **EMA Filter (50-period)** Acts as a trend filter to ensure trades align with the broader market direction: - Price above EMA → Look for LONG setups - Price below EMA → Look for SHORT setups --- ## Three Trading Setups ### 📊 **Setup A: Classic (Most Frequent)** **Entry Conditions - LONG:** - Higher timeframe STC > 25 (bullish confirmation) - Primary timeframe STC crosses above 25 - Force Index positive or crossing above zero - Price above EMA 50 **Entry Conditions - SHORT:** - Higher timeframe STC < 75 (bearish confirmation) - Primary timeframe STC crosses below 75 - Force Index negative or crossing below zero - Price below EMA 50 **Best for:** Catching trend continuations with multi-timeframe confirmation --- ### 💎 **Setup B: Divergence (Highest Win Rate)** **Bullish Divergence:** - Price makes a Lower Low (LL) - Force Index makes a Higher Low (HL) - STC in oversold zone (<25) - Trigger: STC starts rising + Force Index crosses above zero **Bearish Divergence:** - Price makes a Higher High (HH) - Force Index makes a Lower High (LH) - STC in overbought zone (>75) - Trigger: STC starts falling + Force Index crosses below zero **Best for:** Identifying trend reversals with strong risk/reward ratios --- ### ⚡ **Setup C: Bounce (Fast Scalping)** **LONG Bounce:** - Price touches EMA 50 from above - STC in extreme oversold (<15) - Force Index positive **SHORT Bounce:** - Price touches EMA 50 from below - STC in extreme overbought (>85) - Force Index negative **Best for:** Quick mean-reversion trades during strong trends --- ## Key Features ### ✅ **Multi-Timeframe Analysis** - Choose any timeframe for primary STC calculation - Select a higher timeframe for trend confirmation - Visual display of both timeframes on one chart ### ✅ **Smart Signal Filtering** - Only shows signals when all conditions align - Filters out weak setups automatically - Color-coded labels for easy identification ### ✅ **Comprehensive Information Panel** Real-time dashboard showing: - Current STC values for both timeframes - Force Index direction - Price position relative to EMA - Active trend direction - Current signal type ### ✅ **Visual Clarity** - STC oscillator with oversold/overbought zones - Force Index histogram (normalized for easy reading) - Clear level lines at 25, 50, and 75 - Green/red background shading in extreme zones ### ✅ **Flexible Alerts** - Individual alerts for each setup type (A, B, C) - Separate LONG and SHORT alerts - General "ANY LONG" and "ANY SHORT" alerts - Custom alert messages for quick recognition --- ## Settings & Customization ### **Schaff Trend Cycle** - **Length 1** (default: 23): Fast MACD period - **Length 2** (default: 50): Slow MACD period - **Smoothing** (default: 10): Stochastic smoothing period - **Lower Level** (default: 25): Oversold threshold - **Upper Level** (default: 75): Overbought threshold ### **Timeframes** - **Primary Timeframe**: Leave empty for chart timeframe or select custom - **Higher Timeframe** (default: 30min): For trend confirmation ### **Force Index** - **EMA Period** (default: 13): Smoothing period for Force Index ### **EMA Filter** - **Period** (default: 50): Trend filter period ### **Signal Controls** - Toggle Setup A (Classic) - Toggle Setup B (Divergence) - Toggle Setup C (Bounce) - Show/hide chart labels - Show/hide higher timeframe STC --- ## How to Use ### **Step 1: Set Your Timeframes** Choose your primary trading timeframe (current chart) and a higher timeframe for confirmation. Common combinations: - 5min + 15min (scalping) - 15min + 30min (day trading) - 30min + 1H (swing trading) - 1H + 4H (position trading) ### **Step 2: Wait for Signal** The indicator will automatically display labeled signals when conditions align: - 🟢 Green labels = LONG signals - 🔴 Red labels = SHORT signals - A/B/C prefix indicates setup type ### **Step 3: Check Information Panel** Before entering, verify in the info panel: - Both STC values confirm the direction - Force Index aligns with signal - Price position relative to EMA is correct - Trend shows green (LONG) or red (SHORT) ### **Step 4: Set Alerts** Create alerts for your preferred setup types: - Setup B alerts for highest quality signals - "ANY LONG/SHORT" for maximum opportunities - Individual setup alerts for specific strategies --- ## Trading Tips ### **Best Practices:** 1. **Setup B (Divergence)** typically offers the best risk/reward ratios 2. Use **Setup A** for trend continuation in strong markets 3. **Setup C** works best in ranging markets with clear EMA respect 4. Always check higher timeframe confirmation before entering 5. Consider volume spikes when Force Index shows strong readings ### **Risk Management:** - Place stops below/above recent swing points - Use ATR-based position sizing - Take partial profits at STC extreme levels (15/85) - Avoid trading against higher timeframe STC direction ### **Market Conditions:** - **Trending markets**: Focus on Setup A - **Ranging markets**: Focus on Setup C - **Reversal points**: Focus on Setup B - **High volatility**: Increase timeframes for stability --- ## Technical Details **Indicator Type:** Oscillator (separate window) **Overlay:** No (displays in separate pane below chart) **Repainting:** No - signals are confirmed on bar close **Max Bars Back:** 500 (adjustable) **Compatible with:** All markets (Forex, Stocks, Crypto, Futures) --- ## Credits This indicator combines: - **Schaff Trend Cycle** by Doug Schaff - **Force Index** by Dr. Alexander Elder - **EMA filtering** and multi-timeframe analysis Original implementation and trading setups developed for TradingView. --- ## Disclaimer This indicator is a technical analysis tool and does not guarantee profitable trades. Always use proper risk management, combine with your own analysis, and never risk more than you can afford to lose. Past performance does not indicate future results. --- ## Support & Updates For questions, suggestions, or bug reports, please use the comments section below. Regular updates and improvements are planned based on user feedback. **Happy Trading! 📈**
Pine Script® indicator
by Smart-Day-Trader
LEGEND IsoPulse Fusion • Universal Volume Trend Buy Sell RadarLEGEND IsoPulse Fusion • Universal Volume Trend Buy Sell Radar One line summary LEGEND IsoPulse Fusion reads intent from price and volume together, learns which features matter most on your symbol, blends them into a single signed Fusion line in a stable unit range, and emits clear Buy Sell Close events with a structure gate and a liquidity safety gate so you act only when the tape is favorable. What this script is and why it exists Many traders keep separate windows for trend, volume, volatility, and regime filters. The result can feel fragmented. This script merges two complementary engines into one consistent view that is easy to read and simple to act on. LEGEND Tensor estimates directional quality from five causally computed features that are normalized for stationarity. The features are Flow, Tail Pressure with Volume Mix, Path Curvature, Streak Persistence, and Entropy Order. IsoPulse transforms raw volume into two decaying reservoirs for buy effort and sell effort using body location and wick geometry, then measures price travel per unit volume for efficiency, and detects volume bursts with a recency memory. Both engines are mapped into the same unit range and fused by a regime aware mixer. When the tape is orderly the mixer leans toward trend features. When the tape is messy but a true push appears in volume efficiency with bursts the mixer allows IsoPulse to speak louder. The outcome is a single Fusion line that lives in a familiar range with calm behavior in quiet periods and expressive pushes when energy concentrates. What makes it original and useful Two reservoir volume split . The script assigns a portion of the bar volume to up effort and down effort using body location and wick geometry together. Effort decays through time using a forgetting factor so memory is present without becoming sticky. Efficiency of move . Price travel per unit volume is often more informative than raw volume or raw range. The script normalizes both sides and centers the efficiency so it becomes signed fuel when multiplied by flow skew. Burst detection with recency memory . Percent rank of volume highlights bursts. An exponential memory of how recently bursts clustered converts isolated blips into useful context. Causal adaptive weighting . The LEGEND features do not receive static weights. The script learns, causally, which features have correlated with future returns on your symbol over a rolling window. Only positive contributions are allowed and weights are normalized for interpretability. Regime aware fusion . Entropy based order and persistence create a mixer that blends IsoPulse with LEGEND. You see a single line rather than two competing panels, which reduces decision conflict. How to read the screen in seconds Fusion area . The pane fills above and below zero with a soft gradient. Deeper fill means stronger conviction. The white Fusion line sits on top for precise crossings. Entry guides and exit guides . Two entry guides draw symmetrically at the active fused entry level. Two exit guides sit inside at a fraction of the entry. Think of them as an adaptive envelope. Letters . B prints once when the script flips from flat to long. S prints once when the script flips from flat to short. C prints when a held position ends on the appropriate side. T prints when the structure gate first opens. A prints when the liquidity safety flag first appears. Price bar paint . Bars tint green while long and red while short on the chart to mirror your virtual position. HUD . A compact dashboard in the corner shows Fusion, IsoPulse, LEGEND, active entry and exit levels, regime status, current virtual position, and the vacuum z value with its avoid threshold. What signals actually mean Buy . A Buy prints when the Fusion line crosses above the active entry level while gates are open and the previous state was flat. Sell . A Sell prints when the Fusion line crosses below the negative entry level while gates are open and the previous state was flat. Close . A Close prints when Fusion cools back inside the exit envelope or when an opposite cross would occur or when a gate forces a stop, and the previous state was a hold. Gates . The Trend gate requires sufficient entropy order or significant persistence. The Avoid gate uses a liquidity vacuum z score. Gates exist to protect you from weak tape and poor liquidity. Inputs and practical tuning Every input has a tooltip in the script. This section provides a concise reference that you can keep in mind while you work. Setup Core window . Controls statistics across features. Scalping often prefers the thirties or low fifties. Intraday often prefers the fifties to eighties. Swing often prefers the eighties to low hundreds. Smaller responds faster with more noise. Larger is calmer. Smoothing . Short EMA on noisy features. A small value catches micro shifts. A larger value reduces whipsaw. Fusion and thresholds Weight lookback . Sample size for weight learning. Use at least five times the horizon. Larger is slower and more confident. Smaller is nimble and more reactive. Weight horizon . How far ahead return is measured to assess feature value. Smaller favors quick reversion impulses. Larger favors continuation. Adaptive thresholds . Entry and exit levels from rolling percentiles of the absolute LEGEND score. This self scales across assets and timeframes. Entry percentile . Eighty selects the top quintile of pushes. Lower to seventy five for more signals. Raise for cleanliness. Exit percentile . Mid fifties keeps trades honest without overstaying. Sixty holds longer with wider give back. Order threshold . Minimum structure to trade. Zero point fifteen is a reasonable start. Lower to trade more. Raise to filter chop. Avoid if Vac z . Liquidity safety level. One point two five is a good default on liquid markets. Thin markets may prefer a slightly higher setting to avoid permanent avoid mode. IsoPulse Iso forgetting per bar . Memory for the two reservoirs. Values near zero point nine eight to zero point nine nine five work across many symbols. Wick weight in effort split . Balance between body location and wick geometry. Values near zero point three to zero point six capture useful behavior. Efficiency window . Travel per volume window. Lower for snappy symbols. Higher for stability. Burst percent rank window . Window for percent rank of volume. Around one hundred to three hundred covers most use cases. Burst recency half life . How long burst clusters matter. Lower for quick fades. Higher for cluster memory. IsoPulse gain . Pre compression gain before the atan mapping. Tune until the Fusion line lives inside a calm band most of the time with expressive spikes on true pushes. Continuation and Reversal guides . Visual rails for IsoPulse that help you sense continuation or exhaustion zones. They do not force events. Entry sensitivity and exit fraction Entry sensitivity . Loose multiplies the fused entry level by a smaller factor which prints more trades. Strict multiplies by a larger factor which selects fewer and cleaner trades. Balanced is neutral. Exit fraction . Exit level relative to the entry level in fused unit space. Values around one half to two thirds fit most symbols. Visuals and UX Columns and line . Use both to see context and precise crossings. If you present a very clean chart you can turn columns off and keep the line. HUD . Keep it on while you learn the script. It teaches you how the gates and thresholds respond to your market. Letters . B S C T A are informative and compact. For screenshots you can toggle them off. Debug triggers . Show raw crosses even when gates block entries. This is useful when you tune the gates. Turn them off for normal use. Quick start recipes Scalping one to five minutes Core window in the thirties to low fifties. Horizon around five to eight. Entry percentile around seventy five. Exit fraction around zero point five five. Order threshold around zero point one zero. Avoid level around one point three zero. Tune IsoPulse gain until normal Fusion sits inside a calm band and true squeezes push outside. Intraday five to thirty minutes Core window around fifty to eighty. Horizon around ten to twelve. Entry percentile around eighty. Exit fraction around zero point five five to zero point six zero. Order threshold around zero point one five. Avoid level around one point two five. Swing one hour to daily Core window around eighty to one hundred twenty. Horizon around twelve to twenty. Entry percentile around eighty to eighty five. Exit fraction around zero point six zero to zero point seven zero. Order threshold around zero point two zero. Avoid level around one point two zero. How to connect signals to your risk plan This is an indicator. You remain in control of orders and risk. Stops . A simple choice is an ATR multiple measured on your chart timeframe. Intraday often prefers one point two five to one point five ATR. Swing often prefers one point five to two ATR. Adjust to symbol behavior and personal risk tolerance. Exits . The script already prints a Close when Fusion cools inside the exit envelope. If you prefer targets you can mirror the entry envelope distance and convert that to points or percent in your own plan. Position size . Fixed fractional or fixed risk per trade remains a sound baseline. One percent or less per trade is a common starting point for testing. Sessions and news . Even with self scaling, some traders prefer to skip the first minutes after an open or scheduled news. Gate with your own session logic if needed. Limitations and honest notes No look ahead . The script is causal. The adaptive learner uses a shifted correlation, crosses are evaluated without peeking into the future, and no lookahead security calls are used. If you enable intrabar calculations a letter may appear then disappear before the close if the condition fails. This is normal for any cross based logic in real time. No performance promises . Markets change. This is a decision aid, not a prediction machine. It will not win every sequence and it cannot guarantee statistical outcomes. No dependence on other indicators . The chart should remain clean. You can add personal tools in private use but publications should keep the example chart readable. Standard candles only for public signals . Non standard chart types can change event timing and produce unrealistic sequences. Use regular candles for demonstrations and publications. Internal logic walkthrough LEGEND feature block Flow . Current return normalized by ATR then smoothed by a short EMA. This gives directional intent scaled to recent volatility. Tail pressure with volume mix . The relative sizes of upper and lower wicks inside the high to low range produce a tail asymmetry. A volume based mix can emphasize wick information when volume is meaningful. Path curvature . Second difference of close normalized by ATR and smoothed. This captures changes in impulse shape that can precede pushes or fades. Streak persistence . Up and down close streaks are counted and netted. The result is normalized for the window length to keep behavior stable across symbols. Entropy order . Shannon entropy of the probability of an up close. Lower entropy means more order. The value is oriented by Flow to preserve sign. Causal weights . Each feature becomes a z score. A shifted correlation against future returns over the horizon produces a positive weight per feature. Weights are normalized so they sum to one for clarity. The result is angle mapped into a compact unit. IsoPulse block Effort split . The script estimates up effort and down effort per bar using both body location and wick geometry. Effort is integrated through time into two reservoirs using a forgetting factor. Skew . The reservoir difference over the sum yields a stable skew in a known range. A short EMA smooths it. Efficiency . Move size divided by average volume produces travel per unit volume. Normalization and centering around zero produce a symmetric measure. Bursts and recency . Percent rank of volume highlights bursts. An exponential function of bars since last burst adds the notion of cluster memory. IsoPulse unit . Skew multiplied by centered efficiency then scaled by the burst factor produces the raw IsoPulse that is angle mapped into the unit range. Fusion and events Regime factor . Entropy order and streak persistence form a mixer. Low structure favors IsoPulse. Higher structure favors LEGEND. The blend is convex so it remains interpretable. Blended guides . Entry and exit guides are blended in the same way as the line so they stay consistent when regimes change. The envelope does not jump unexpectedly. Virtual position . The script maintains state. Buy and Sell require a cross while flat and gates open. Close requires an exit or force condition while holding. Letters print once at the state change. Disclosures This script and description are educational. They do not constitute investment advice. Markets involve risk. You are responsible for your own decisions and for compliance with local rules. The logic is causal and does not look ahead. Signals on non standard chart types can be misleading and are not recommended for publication. When you test a strategy wrapper, use realistic commission and slippage, moderate risk per trade, and enough trades to form a meaningful sample, then document those assumptions if you share results. Closing thoughts Clarity builds confidence. The Fusion line gives a single view of intent. The letters communicate action without clutter. The HUD confirms context at a glance. The gates protect you from weak tape and poor liquidity. Tune it to your instrument, observe it across regimes, and use it as a consistent lens rather than a prediction oracle. The goal is not to trade every wiggle. The goal is to pick your spots with a calm process and to stand aside when the tape is not inviting.
Pine Script® indicator
by exlux
Candlestick Patterns — Spot NIFTY 5m (No Tweezer) — v6 by ashlinThis indicator automatically detects major candlestick reversal and continuation patterns on the 5-minute Spot NIFTY chart. It highlights patterns such as Bullish & Bearish Engulfing, Bullish & Bearish Harami, Three White Soldiers, Three Black Crows, Hammer, and Inverted Hammer. All detections are filtered using trend direction (SMA/EMA), ATR volatility, and NSE session timing, making signals cleaner and more reliable. Ideal for traders who want a quick visual confirmation of price-action setups without clutter
Pine Script® indicator
by ashlinlal8
X Feigenbaumplots forward “projection zones” derived from a user-defined Feigenbaum Deterministic Range (FDR). Starting from two anchor prices (p01a, p01b) that define the initial condition, the tool computes successive expansion zones above and below that range using fixed scale factors. Each zone is rendered as a shaded box with optional edge outlines, an auto-midline, and an optional label—giving you an at-a-glance map of where price may propagate next. This indicator is a visual framework, not a signal generator. It’s meant to be combined with your existing structure/flow reads (order flow, VWAPs, ORs, HTF levels, etc.) to plan scenarios, targets, and invalidation. Key ideas (context) Initial condition → expansions: You define a deterministic base range (FDR) from which the script projects outward “echoes.” Bidirectional mapping: Zones are drawn symmetrically as +1, +2, +3, +4 (above) and −1, −2, −3, −4 (below) to reflect potential propagation in either direction. Diminishing confidence with distance: Farther zones are for scenario planning/targets; nearer zones are more actionable for risk placement and management. How the levels are built Feigenbaum Deterministic Range (FDR): Inputs p01a and p01b define the initial range (FDR = p01a − p01b). Category “F Range” draws that base box. Projection Zones: The script computes zone pairs by offsetting from the initial range using fixed multipliers of FDR. In code, these are the pre-set coefficients: ±1: 0.6714 and 1.5029 ±2: 2.5699 and 3.6692 ±3: 6.1398 and 8.3384 ±4: 13.2796 and 17.6768 Each zone is two prices (a, b) forming a band; the same logic mirrors below the range for the negative side. Rendering & midlines: Each enabled category draws a filled box from the anchor bar to the right edge (current bar + extend_len). Optional outlines (solid/dashed/dotted) for top/bottom/left/right edges. Optional midline (always dashed) bisects each zone for quick reference. Anchoring & timeframe logic Anchor refresh: interval1 sets an HTF “clock” (e.g., Daily). On each new HTF bar, all categories re-anchor at that bar’s index so new projections start cleanly with the fresh session/period. Extend control: extend_len nudges the right boundary beyond the latest bar for label/edge clarity. Inputs & styling Settings group: Anchor 1 Timeframe (e.g., D) defines the refresh cadence. Label toggles: show/hide, size, text color, and background. Feigenbaum DR group: Enable the base F range, set p01a/p01b, choose fill/line colors, outline style, and the mid toggle. Ranger Factors groups (Zones ±1…±4): Each zone can be enabled/disabled, inherits its computed prices, and has independent fill/line color, outline style, and mid toggle. Practical usage Scenario mapping: Use +/−1 zones for near-term impulse tracking and intraday targets; treat +/−3 and +/−4 as stretch objectives or “if trend persists” waypoints. Confluence first: Prioritize trades when a Feigenbaum zone aligns with a known liquidity pool, session level (e.g., OR, ETH/RTH AVWAP), HTF pivot, or key option-derived levels. Risk & invalidation: The base FDR and nearest zone edges provide clean invalidation references and partial-take structures. Notes & limitations The coefficients are fixed in this version (you can expose them as inputs if you want to calibrate per market). Projections are descriptive, not predictive; treat farther zones as lower-confidence context. Because anchors reset on the selected HTF, choose interval1 consistent with your playbook (e.g., Daily for RTH framing, Weekly for swing maps). Output summary Boxes: FDR (base), Zones +1/−1, +2/−2, +3/−3, +4/−4 Edges: Optional top/bottom/left/right per zone (styleable) Midlines: Optional dashed mid per zone Labels: Optional, style-controlled, positioned just beyond the right edge
Pine Script® indicator
by KinetiCapital
We Buy / We Sell - #TheStrat SignalsWe Buy / We Sell - #TheStrat SignalsDescription This indicator is inspired by the #TheStrat methodology from Rob Smith, designed to identify high-probability "We Buy" (bullish) and "We Sell" (bearish) signals for trading stocks, ETFs, or futures like AMEX:SPY or $VSAT. It combines price action reversal patterns, higher timeframe continuity (HTFC), and optional broadening formation (BF) breaks to time entries with market momentum. Key Features: We Buy Signals: Triggered on a 2d-2u reversal (bearish to bullish candle) when the higher timeframe (HTF) is bullish (green) and optionally at a BF bottom (pivot low break). Labeled as "We Buy" at the candle’s low with a green triangle. We Sell Signals: Triggered on a 2u-2d reversal (bullish to bearish candle) when the HTF is bearish (red) and optionally at a BF top (pivot high break). Labeled as "We Sell" at the candle’s high with a red triangle. Candle Numbering: Displays #TheStrat candle types (1=Inside, 2u=Up, 2d=Down, 3=Outside) for context. Debug Labels: Enabled by default, showing why signals don’t fire (e.g., "No HTFC Buy" if HTF isn’t bullish). Partial Signals: Optional faint circles for 2d-2u or 2u-2d reversals (without HTFC/BF), disabled by default. HTFC Background: Green (HTF bullish) or red (HTF bearish) background for timeframe alignment. How It Works Based on #TheStrat, the indicator seeks evidence of aggressive buying ("We Buy") or selling ("We Sell") by analyzing: Reversal Patterns: 2d-2u (We Buy): A bearish directional candle (2d) followed by a bullish directional candle (2u), signaling a potential bullish reversal. 2u-2d (We Sell): A bullish directional candle (2u) followed by a bearish directional candle (2d), signaling a potential bearish reversal. Higher Timeframe Continuity (HTFC): We Buy requires the HTF (e.g., 1H or Daily) to close above its open (bullish). We Sell requires the HTF to close below its open (bearish). Broadening Formation (BF): Optional pivot high/low breaks approximate BF extremes (tops for We Sell, bottoms for We Buy). Can be disabled (use_bf=false) for more frequent signals. How to Use Setup: Apply to a 5min chart of a liquid asset (e.g., AMEX:SPY , NASDAQ:VSAT ) for intraday trading, or higher timeframes for swing trading. Ensure sufficient chart history (TradingView > Chart Settings > Max Bars > 1000+). Settings: Higher Timeframe (htf): Default "60" (1H). Try "15" (15min) for faster signals or "D" (Daily) for swing trades. Pivot Lookback Length (pivot_len): Default 3. Lower to 1 for more signals, higher for stricter BF breaks. Require Broadening Formation (use_bf): Default true. Set to false to skip BF checks, increasing signal frequency. Show We Buy/We Sell Labels: Default true. Shows "We Buy" or "We Sell" on signal candles. Show Candle Numbers: Default true. Displays 1/2u/2d/3 for #TheStrat context. Show Debug Labels: Default true. Shows "No HTFC Buy", "No BF Buy", etc., to diagnose missing signals. Show Partial Signals: Default false. Enable to show faint circles for 2d-2u/2u-2d reversals without HTFC/BF. Trading: We Buy: Enter long on a green "We Buy" label (with triangle). Set stops below the signal candle’s low. Target BF highs or resistance. We Sell: Enter short on a red "We Sell" label (with triangle). Set stops above the signal candle’s high. Target BF lows or support. Use debug labels to understand why signals don’t fire (e.g., "No HTFC Buy" means HTF isn’t bullish). Partial signals (faint circles) indicate reversals without full conditions, useful for discretionary setups. Alerts: Right-click the indicator > "Add Alert" on we_buy or we_sell for real-time notifications. Tips Best Assets: Use on liquid tickers like AMEX:SPY , NASDAQ:QQQ , or NASDAQ:VSAT Volatility: Signals are more frequent in trending or volatile markets. Check historical periods (e.g., September 2025) for testing. Risk Management: Always use stops (e.g., 1-2% risk per trade) and validate signals with market context (e.g., sector/index alignment). Learning #TheStrat: Study Rob Smith’s #TheStrat Troubleshooting No Signals? Check debug labels (e.g., "No HTFC Buy" means HTF isn’t bullish). Adjust htf (e.g., "15" or "D"). Set use_bf=false or lower pivot_len to 1 for more signals. Ensure reversals (2d-2u or 2u-2d) are present (check candle numbers). Test on volatile periods or liquid tickers. No Partial Signals? Enable show_partial in settings to see faint circles for 2d-2u/2u-2d reversals. Confirm reversal patterns exist (e.g., "2d" → "2u" in candle numbers).
Pine Script® indicator
by SmartGatorTrader
IB range + Breakout fibsThe IB High / Low + Auto-Fib indicator automatically plots the Initial Balance range and a Fibonacci projection for each trading day. Define your IB start and end times (e.g., 09:30–10:30). The indicator marks the IB High and IB Low from that session and extends them to the session close. It keeps the last N days visible for context. When price breaks outside the IB range, it automatically plots a Fibonacci retracement/extension from the opposite IB side to the breakout, using levels 0, 0.236, 0.382, 0.5, 0.618, 0.88, 1. The Fib updates dynamically as the breakout extends, and labels are neatly aligned on the right side of the chart for clarity. Ideal for traders who monitor Initial Balance breaks, range expansions, and Fibonacci reaction levels throughout the trading session.
Pine Script® indicator
by Timmyboy911
Liquidity Levels – Previous Month, Current Week, Monday H/LThis indicator automatically plots key high and low wick levels from higher-timeframes - the previous month, previous week, Monday, and current week - helping you visualize institutional liquidity zones and price reaction areas directly on your intraday chart. Features Dynamically updates in real time as new highs and lows form. Choose between Lines or shaded Zones for each period. Independent toggles for: Previous Month Previous Week Monday Current Week Fully customizable: colors, line styles, widths, and opacity. Optional titles and/or price labels that position intelligently to avoid overlap. Midpoint or right-edge label placement options. Auto-selects current week/month, with manual override for backtesting specific dates. How to Use Add the indicator to your chart (works best on intraday timeframes). In settings, enable or disable whichever periods you want displayed. Select Lines for clean levels or Zones for shaded ranges. Adjust color and style per period to match your theme. Toggle Show Titles or Show Prices if you want textual markers above the lines. Optionally switch off Auto use current week/month to backtest older setups by entering custom week/month numbers. Best For Price-action and liquidity-based traders who rely on higher-timeframe structure while executing on lower timeframes.
Pine Script® indicator
by jetblastp
Smart HA Bias v1 [JopAlgo]Smart HA Bias v1 (SHABV1) First of all, we love Heikin-Ashi candlestick patterns! That's why we created an indicator that uses this type of candlestick to create a smoothed chart. Our SHABV1 creates smoothed Heikin-Ashi candles and measures the body strength (close-to-open) relative to current volatility. This strength is normalized to a cross-asset scale we call HABO (Heikin-Ashi Body Oscillator). We then apply an adaptive smoother that accelerates during clear trends and decelerates during choppy trends. If HABO holds a few bars above an automatic threshold, the regime (bull/bear market) is switched. A yellow regime trail runs below the price in bull markets and above the price in bear markets and serves as an exit guide. Why this is “SMART” (vs a conventional smoothed HA) Most HA indicators just smooth candles and color them. SHABV1 adds four edges: Volatility-neutral strength (HABO): HA body is divided by ATR and scaled → “+12” on BTC 4H ≈ “+12” on EURUSD 4H. Your thresholds travel across assets/TFs. Adaptive smoothing (KAMA): Auto reacts to market efficiency (clean trends vs chop). Less noise without delaying the real move. Hysteresis + confirmation: Regime changes require holding beyond ±threshold for N bars → far fewer one-bar fakes. Regime-aware trail: A one-way ratchet based on smoothed HA bands. In a bull it only steps up; in a bear it only steps down. Great as a soft stop/exit. The “Auto” features (and why you can’t tweak them) We’ve moved the “invisible knobs” into the background so you don’t babysit settings that barely show on chart: Auto ATR length → HABO scale: Chooses a sensible ATR window by timeframe, then fine-tunes by recent volatility. Keeps HABO comparable across symbols. Auto KAMA (adaptive smoothing): Sets the slow side of the adaptive filter by a noise score. Faster in trends, slower in chop—hands-free. Auto threshold (±HABO): Derives a dynamic threshold from the distribution of HABO on your chart, then adjusts by your Sensitivity. No more guessing “8 vs 12 vs 15”. Auto smoothing split: One HA Smooth slider controls both smoothing layers under the hood at a calibrated ratio. These are not adjustable because they’re designed to keep behavior consistent and portable. The two knobs you do control have immediate, visible impact: HA Smooth (structure tightness) and Sensitivity (earlier/stricter flips). What you can control HA Smooth — lower = tighter/faster, higher = calmer/slower. Sensitivity — >1.0 earlier flips, <1.0 stricter. Confirm Bars — 1–3 (default 2). Higher = fewer whipsaws. HTF Bias — turn Lightweight OFF and set an HTF (e.g., trade 4H, bias 1D) for top-down alignment. Visuals — Bias Fill, Regime Trail (ON by default), Status Panel. How to read it Color / Regime: green = bull bias, red = bear bias (confirmed by hysteresis). Yellow line: the Regime Trail (bull = rising floor; bear = falling ceiling). Status Panel (top-right): Regime | HABO | Slope. HABO > 0 = bullish pressure; < 0 = bearish. Slope UP/DOWN = oscillator momentum direction (helps spot weakening). Simple trading playbook Pick TF (15m/1H/4H/1D). (Optional) Enable HTF bias: Lightweight OFF → set HTF to the next TF up. Only take trades with HTF alignment. Entries: Safer: enter on confirmed regime (color flip after holding beyond threshold). Earlier (experienced): zero-cross “early flip” only with extra confluence (VWAP/OBV/SR). Management: Let winners run while price respects the Trail. Consider reduce/exit on close through the Trail or Weakening (slope turns against regime). Tuning: Too many flips? Raise Sensitivity↓ (<1.0) or Confirm Bars to 3. Too late? Sensitivity↑ (>1.0) or lower HA Smooth slightly. Quick presets (starting points) 15m: Smooth 12, Sens 1.05, Confirm 2, HTF=1H (optional) 1H: Smooth 12, Sens 1.00, Confirm 2, HTF=4H 4H: Smooth 14, Sens 1.00, Confirm 2, HTF=1D 1D: Smooth 16, Sens 0.95, Confirm 2–3, HTF=1W Why traders like SHABV1 Portable logic: HABO + Auto threshold means fewer re-tunes switching BTC ↔ FX ↔ indices. Chop-aware: Adaptive smoothing + hysteresis trims false flips. Clear exits: Regime Trail turns structure into a mechanical trailing rule. Non-repaint: HTF imports are handled with anti-lookahead; trail ratchets one way. Notes: This is a bias/management tool, not financial advice. Use with your own risk model (hard stop at structure or % risk).
Pine Script® indicator
by JopAlgo
Session High/LowWhat it does: Plots the High and Low of three sessions—Asia (19:00–02:00), London (02:00–08:00), New York (09:30–16:00)—all in UTC-4. After a session closes, it draws a horizontal line starting at the bar where the level first formed, extends it live to the current bar, and shows a label at the line’s end. If price sweeps the level (by wick or close, configurable), the line stops at that bar. Settings: show/hide sessions, sweep on close toggle, how many past sessions to keep, line style/width, colors per session, and custom label text. Works on any timeframe. Note: session times are fixed to UTC-4 (adjust if your market uses DST).
Pine Script® indicator
by GapGleaner
Candle Body Break (M/W/D/4H/1H)v5# Candle Body Break (M/W/D/4H/1H) Multi-Timeframe Indicator This indicator identifies and plots **Candle Body Breaks** across five key timeframes: Monthly (M), Weekly (W), Daily (D), 4-Hour (4H), and 1-Hour (1H). ## Core Logic: Candle Body Break The core concept is a break in the swing high/low defined by the body of the previous counter-trend candle(s). It focuses purely on **closing price breaks** of remembered highs/lows established by full candle bodies (close > open or close < open). 1. **Remembering the Swing:** * After a bullish break (upward trend), the indicator waits for the first **bearish (close < open) candle** to appear. This bearish candle's high (`rememberedHigh`) and low (`rememberedLow`) are saved as the **breakout level**. * Subsequent bearish candles that make a new low update this saved level, continuously adjusting the level to the most significant recent resistance/support established by the body's range. 2. **Executing the Break:** * **Bull Break (Long signal):** Occurs when a **bullish candle's closing price** exceeds the last remembered bearish high (`rememberedHigh`). * **Bear Break (Short signal):** Occurs when a **bearish candle's closing price** falls below the last remembered bullish low (`rememberedLow_Bull`). Once a break occurs, the memory is cleared, and the indicator waits for the next counter-trend candle to establish a new level. ## Features * **Multi-Timeframe Analysis:** Displays break lines and labels for M, W, D, 4H, and 1H timeframes on any chart. * **Timeframe Filtering:** Break lines are only shown for timeframes **equal to or higher** than the current chart timeframe (e.g., on a 4H chart, only 4H, D, W, and M breaks are displayed). * **Candidate Lines (Dotted Green):** Plots the current potential breakout level (the remembered high/low) that must be broken to trigger the next signal. * **Direction Table:** A table in the top right corner summarizes the latest break direction (⇧ Up / ⇩ Down) for all five timeframes. This can be optionally limited to the 4H chart only. * **1H Alert:** Triggers an alert when a 1-Hour break is detected. ## Input Settings Translation (for Mod Compliance) | English Input Text | Original Japanese Text | | :--- | :--- | | **Show Monthly Break Lines** | 月足ブレイクを描画する | | **Show Weekly Break Lines** | 週足ブレイクを描画する | | **Show Daily Break Lines** | 日足ブレイクを描画する | | **Show 4-Hour Break Lines** | 4時間足ブレイクを描画する | | **Show 1-Hour Break Lines** | 1時間足ブレイクを描画する | | **Show Monthly Candidate Lines** | 月足ブレイク候補ラインを描画する | | **Show Weekly Candidate Lines** | 週足ブレイク候補ラインを描画する | | **Show Daily Candidate Lines** | 日足ブレイク候補ラインを描画する | | **Show 4-Hour Candidate Lines** | 4時間足ブレイク候補ラインを描画する | | **Show 1-Hour Candidate Lines** | 1時間足ブレイク候補ラインを描画する | | **Show Only Current TF Candidate Lines** | チャート時間足の候補ラインのみ表示 | | **Show Table Only on 4H Chart** | テーブルを4Hチャートのみ表示 | *Please note: The default alert message "1-Hour Break Detected" is also in English.* ※日本語訳 ろうそく足実体ブレイク（M/W/D/4H/1H）マルチタイムフレーム・インジケーター（日本語訳） このインジケーターは、月足（M）、週足（W）、日足（D）、4時間足（4H）、1時間足（1H）の5つの主要な時間足におけるろうそく足実体ブレイクを検出し、プロットします。 コアロジック：ろうそく足実体ブレイク このロジックの中核は、直近の**逆行ろうそく足（カウンター・トレンド・キャンドル）**の実体によって定義されたスイングの高値/安値のブレイクです。終値が実体のレンジ外で確定することを純粋に追跡します。 スイングの記憶（Remembering the Swing）: 強気のブレイク（上昇トレンド）の後、インジケーターは最初に現れる弱気（終値＜始値）のろうそく足を待ちます。この弱気ろうそく足の高値（rememberedHigh）と安値（rememberedLow）が、ブレイクアウトレベルとして保存されます。 その後、安値を更新する弱気ろうそく足が続いた場合、この保存されたレベルが更新され、実体のレンジによって確立された最新の重要なレジスタンス/サポートにレベルが継続的に調整されます。 ブレイクの実行（Executing the Break）: ブルブレイク（買いシグナル）: 最後に記憶された弱気ろうそく足の高値（rememberedHigh）を、強気ろうそく足の終値が上回ったときに発生します。 ベアブレイク（売りシグナル）: 最後に記憶された強気ろうそく足の安値（rememberedLow_Bull）を、弱気ろうそく足の終値が下回ったときに発生します。 一度ブレイクが発生すると、記憶されたレベルはクリアされ、インジケーターは次の逆行ろうそく足が出現し、新しいレベルを確立するのを待ちます。 機能 マルチタイムフレーム分析: 現在のチャートの時間足に関わらず、M、W、D、4H、1Hのブレイクラインとラベルを表示します。 時間足フィルタリング: ブレイクラインは、現在のチャート時間足と同じか、それよりも上位の時間足のもののみが表示されます（例：4時間足チャートでは、4H、D、W、Mのブレイクのみが表示されます）。 候補ライン（緑の点線）: 次のシグナルをトリガーするためにブレイクされる必要がある、現在の潜在的なブレイクアウトレベル（記憶された高値/安値）をプロットします。 方向テーブル: 右上隅のテーブルに、5つの全時間足の最新のブレイク方向（⇧ 上昇 / ⇩ 下降）をまとめて表示します。これは、オプションで4時間足チャートのみに表示するように制限できます。 1時間足アラート: 1時間足のブレイクが検出されたときにアラートをトリガーします。 入力設定の翻訳 コード内の入力設定（UIテキスト）の日本語訳は以下の通りです。 英語の入力テキスト 日本語訳 Show Monthly Break Lines 月足ブレイクを描画する Show Weekly Break Lines 週足ブレイクを描画する Show Daily Break Lines 日足ブレイクを描画する Show 4-Hour Break Lines 4時間足ブレイクを描画する Show 1-Hour Break Lines 1時間足ブレイクを描画する Show Monthly Candidate Lines 月足ブレイク候補ラインを描画する Show Weekly Candidate Lines 週足ブレイク候補ラインを描画する Show Daily Candidate Lines 日足ブレイク候補ラインを描画する Show 4-Hour Candidate Lines 4時間足ブレイク候補ラインを描画する Show 1-Hour Candidate Lines 1時間足ブレイク候補ラインを描画する Show Only Current TF Candidate Lines チャート時間足の候補ラインのみ表示 Show Table Only on 4H Chart テーブルを4Hチャートのみ表示 Alert Message: 1-Hour Break Detected アラートメッセージ: 1時間足ブレイク発生
Pine Script® indicator
by hmp5below
Porsched Indicator🔧 Core Components: 1. Moving Averages with Clouds EMA 25, 50, 75, and 150 with standard deviation bands Visual clouds representing volatility around each EMA Customizable colors for each average and its cloud 2. Dual Hull Bands Two separate Hull bands with different periods (20 and 110) Multiple variations: HMA, THMA, EHMA Colored filling between Hull lines Option to use higher timeframes for multi-timeframe analysis 3. Swing High/Low Detector Identifies significant price reversal points Configurable swing strength (default: 5 bars) Solid lines for current swings and dotted for past ones Alerts when swing levels are broken 4. Volume Analysis (PVSRA) Vector Candles that change color based on volume: Red/Green: Volume ≥ 200% of average or highest spread×volume Blue/Violet: Volume ≥ 150% of average Gray: Normal conditions Vector Candle Zones (VCZ): Key areas based on volume candles 5. Daily & Weekly Levels Previous day's high and low Previous week's high and low Stepline display with optional labels 6. UT Bot - Trailing Stop Dynamic ATR-based stop loss Bar coloring based on trend direction Adjustable sensitivity via "Key Value" 7. Session Detector Identifies session highs/lows (Sydney, Asia, Europe, etc.) Visual boxes marking each trading session ⚙️ Customization Features: Individual color schemes for all elements Adjustable line thickness Custom transparency settings Flexible calculation periods Multiple timeframe options 🎯 Trading Applications: Trend Identification (EMAs + Hull) Entry/Exit Points (Swings + Volume) Risk Management (Trailing Stop) Support/Resistance (VCZ + Highs/Lows) Market Timing (Sessions + Volume) 💡 Key Benefits: All-in-One Solution: Eliminates indicator clutter Multi-Timeframe Analysis: Built-in higher timeframe data Visual Clarity: Clean, organized display with color coding Customizable Alerts: Swing break and trend change notifications Professional Grade: Institutional-level volume analysis This indicator is designed for traders who want a comprehensive market analysis tool without the complexity of managing multiple separate indicators, providing holistic market insight through different technical perspectives.
Pine Script® indicator
by OctopusTrader2830
SMA 20/50/200 Strategy with TP/SLHere is a TradingView Pine Script indicator for the 20/50/200 SMA strategy. It generates Buy/Sell Signals and calculates Take Profit and Stop Loss prices for each signal. Features: Triggers only on the cross over/cross under bar (not continuous). Buy: 20 SMA crosses above 50 SMA and is above 200 SMA. Sell: 20 SMA crosses below 50 SMA and is below 200 SMA. Plots take profit and stop loss. Alerts repeat every cross over/cross under occurrence.
Pine Script® indicator
by NoScaredMoney
First Candle Rule - 5M (10:30 & 16:30 Romania)This indicator is built for traders who follow the First Candle Rule strategy on lower timeframes. It automatically identifies and highlights the first 5-minute candles at two key moments of the trading day: 10:30 AM (Romania time) – immediately after the London 30M session closes, often showing continuation or reversal setups. 16:30 PM (Romania time / 9:30 AM EST) – the opening candle of the New York Stock Exchange, when volatility spikes. Features: Automatically marks the 5M candle at 10:30 and 16:30 (Romania time). Colors the background (green for 10:30, red for 16:30). Draws dotted lines for the candle’s high and low, extending slightly to the right. Sends an automatic alert at candle close, so you never miss the setup. Works only for the current trading day — lines and levels reset daily. How to use: Apply the indicator to a 5-minute chart (EUR/USD, DAX, or US indices). Watch for alerts at 10:35 and 16:35 Romania time. Use the high/low levels as breakout or liquidity reference points. Recommended for: intraday traders using FVG, breakout, or smart money concepts strategies.
Pine Script® indicator
by danutz3llu
Pump-Smart Shorting StrategyThis strategy is built to keep your portfolio hedged as much as possible while maximizing profitability. Shorts are opened after pumps cool off and on new highs (when safe), and closed quickly during strong upward moves or if stop loss/profit targets are hit. It uses visual overlays to clearly show when hedging is on, off, or blocked due to momentum, ensuring you’re protected in most market conditions but never short against the pump. Fast re-entry keeps the hedge active with minimal downtime. Pump Detection: RSI (Relative Strength Index): Calculated over a custom period (default 14 bars). If RSI rises above a threshold (default 70), the strategy considers the market to be in a pump (strong upward momentum). Volume Spike: The current volume is compared to a 20-bar simple moving average of volume. If it exceeds the average by 1.5× and price increases at least 5% in one bar, pump conditions are triggered. Price Jump: Measured by (close - close ) / close . A single-bar change > 5% helps confirm rapid momentum. Pump Zone (No Short): If any of these conditions is true, an orange or red background is shown and shorts are blocked. Cooldown and Re-Entry: Cooldown Detection: After the pump ends, RSI must fall below a set value (default ≤ 60), and either volume returns towards average or price momentum is less than half the original spike (oneBarUp <= pctUp/2). barsWait Parameter: You can specify a waiting period after cooldown before a short is allowed. Short Entry After Pump/Cooldown: When these cooldown conditions are met, and no short is active, a blue background is shown and a short position is opened at the next signal. New High Entry: Lookback New High: If the current high is greater than the highest high in the last N bars (default 20), and pump is NOT active, a short can be opened. Take Profit (TP) & Stop Loss (SL): Take Profit: Short is closed if price falls to a threshold below the entry (minProfitPerc, default 2%). Stop Loss: Short is closed if price rises to a threshold above the entry (stopLossPerc, default 6%). Preemptive Exit: Any time a pump is detected while a short position is open, the strategy closes the short immediately to avoid losses. Visual Feedback: Orange Background: Market is pumping, do not short. Red Background: Other conditions block shorts (cooldown or waiting). Blue Background: Shorts allowed. Triangles/Circles: Mark entries, pump start/end, for clear trading signals.
Pine Script® strategy
by ValentinMihov