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Adaptive Trend Expansion Bands [BigBeluga]Adaptive Trend Expansion Bands is an advanced, volatility-scaled mathematical modeling terminal engineered for TradingView. It operates as a dynamic trend-following corridor system that maps asset extension, mean-reversion horizons, and structural exhaustion thresholds across four distinct mathematical volatility tiers. Rather than relying on static channels or fixed-percentage envelopes, this system uses an adaptive algorithmic architecture. It combines a selectable baseline smoothing core (such as an EMA or HMA) with standard Average True Range (ATR) step multipliers. This approach maps predictable, gradient-shaded risk corridors that expand and contract in perfect synchronization with real-time market volatility. 🔵 SYSTEM ARCHITECTURE & EXECUTING CORE ENGINES 1. Smooth Multi-Engine Core Baseline Selectable Mathematical Foundations: The central anchor line runs your preferred moving average smoothing type ( SMA, EMA, WMA, or HMA ). This allows you to tailor the script to act as a responsive high-velocity scalp line or an institutional trend tracking system. Volatility Expansion Envelopes: Spawns four upper and four lower risk bands symmetrically off the baseline. Driven by the asset's raw ATR Length , these bands act as a multi-layered support and resistance map, defining exactly where price action transitions from normal distribution into extreme variance. 2. Asymmetric Structural Trend Inversion Locking Zone 3 Structural Threshold Flipped Tracking: The script utilizes a structural state machine that changes color parameters only when a candle successfully forces a crossover above the upper Zone 3 band ( Bullish Lock ) or a crossunder below the lower Zone 3 band ( Bearish Lock ). Clean Workspace Overwrites: Once a trend direction is verified, the engine overwrites your primary layout candle bars with clear, customized hex-theme presets ( Bullish/Bearish Base Colors ) to maintain absolute structural awareness. Dynamic Zone-Tier Mapping Labels: When a structural trend shift occurs, the system prints crisp zone indicators ( +1 to +4 or -1 to -4 ) directly in the background spaces to immediately define the volatility tiers. 3. High-Variance Exhaustion Spotting (Zone 4 Hits) Counter-Trend Spike Identifiers: The terminal flags moments when an active trend experiences a sudden, high-velocity counter-trend surge into deep premium or discount territory ( Zone 4 Extreme Target Layers ). Localized Inversion Candlestick Highlights: The exact candle that spikes into a Zone 4 level is instantly recolored with a high-visibility contrast override ( Zone 4 Hit Candle Color ). This provides immediate visual warning of exhaustion before any pullback begins. Anti-Overlap Cooldown Guardrails: Built-in index buffer logic ( Zone 4 Label Bar Gap ) prevents the system from cluttering your workspace with consecutive text labels during high-velocity runs. 4. Automatic Order-Tracking Boxes & Escape Latches Historical Low/High Sizing Brackets: The moment a Zone 4 anomaly is logged, the graphical engine automatically anchors a structural box tracking the recent 3-bar high/low territory. Dynamic Trailing Tracker Dashed Lines: Extends crisp upper and lower horizontal tracker boundaries from the exhaustion point. These dashed lines track the consolidation range and remain active until the market breaches either boundary, triggering a directional arrow glyph ( ▲ or ▼ ) to mark the breakout. 🔵 SYSTEMATIC EXECUTION STRATEGIES & RISK INTERPRETATION Counter-Trend Overextension Inversions: When an asset is structurally trading in a downtrend but experiences an aggressive squeeze that spikes into the upper Zone 4 envelope, it triggers a Zone 4 exhaustion print. This alerts you that buyers have pushed deep into an illiquid mathematical ceiling. Look for short-side setups as price targets a mean-reversion move back down toward the primary baseline. Zone Range Breakdown Continuations: Monitor the horizontal dashed tracking lines spawned by a Zone 4 hit. If price action consolidates inside these boundaries and then prints a strong close outside the high/low bracket, look to trade the breakout in that direction, using the opposite dashed line as a hard risk invalidation level. Trend Health Assessment via Gradient Fills: Use the layered background fills to gauge trend strength. Healthy, sustainable trends typically ride smoothly along the Zone 1 and Zone 2 channels. When price aggressively pierces into Zone 3 or Zone 4, it signals a climax state, warning you to tighten trailing protective lines or take profits before a mean-reversion event. 🔵 INTERFACE CONFIGURATION AND PARAMETERS Core Mathematical Tuning: Easily adjust baseline types, lookback periods, and baseline multipliers to optimize the indicator for any asset class, volatility cycle, or chart time frame. Exhaustion Label Cleanliness Filters: Customize the bar index gap parameters to keep your layout workspace clean and legible during highly volatile market conditions. Visual Theme Customization Modifiers: Fully adjust color properties for bullish states, bearish states, and exhaustion candle overrides to blend seamlessly into your dark or light charting interface. Transform your charting layout from flat geometric indicators into a highly responsive, volatility-scaled risk map with the Adaptive Trend Expansion Bands terminal.
Pine Script® indicator
by BigBeluga
8
Fractional CUSUM Regime Filter [Jamallo]🔹 Intro The Fractional CUSUM Regime Filter is a quantitative trend and volatility channel indicator designed to identify structural market regimes with high stability. Unlike traditional filters that suffer from lag or whipsaw signals, this indicator applies a dual-layered preprocessor combining Lopez de Prado’s Fixed-Window Fractional Differentiation (FFD) with a classic Cumulative Sum (CUSUM) statistical trigger. 🔹 Break down Fractional Differentiation (FFD) : Stationarizes pricing input while retaining long-term historical memory (controlled by the "d" parameter). Classic CUSUM Filter : Accumulates deviations from a rolling baseline relative to current volatility. When cumulative deviation exceeds the threshold multiplier (h), a new regime change is triggered, and the baseline steps dynamically to the new price level. Vol-Adjusted Percentile Bands : Linear interpolation percentiles of price deviation relative to the stepped baseline. The distances are "locked" and only update on CUSUM regime triggers to prevent wobbly bands. 🔹 Visual Guide: Indicator Anatomy Here we have the structure of the indicator, including the CUSUM baseline, the 68% inner percentile band, and the 95% outer percentile band. How to use: Mean Reversion (Pullbacks to the Mean) The channel boundaries represent statistical extremes. When the price is pushed outside the bands, it is mathematically overextended and highly likely to revert back to the CUSUM baseline. Long Setup (Pullbacks in Bullish Trend): During a green CUSUM uptrend, watch for price to pull back to the lower bands ("micro pullback") and enter as it heads back up to the baseline mean. Short Setup (Pullbacks in Bearish Trend): During a red CUSUM downtrend, watch for price to rally into the upper bands ("micro pullback") and enter as it reverts down to the baseline mean. 🔹 How to use: Trend Following & Risk Management The indicator is designed to capture sustained macro trends while providing clear risk parameters. Entering on Breakthroughs : Enter when the BUY/SELL signal flags appear (indicating a new CUSUM regime shift). Stop Loss Placement : Place stop loss orders just below the opposite outer band or below the stepped baseline. Letting Winners Run : Ride the trend as long as the CUSUM baseline maintains its colored regime state (Green for Long, Red for Short). 🔹 Settings Parameters d (0.01 - 0.99) : Differentiation order. Lower values retain more historical memory; higher values approach first-difference. CUSUM Drift & Threshold : Controls baseline sensitivity to regime changes. Percentile Lookback & Targets : Set the statistical width of the inner and outer boundaries.
Pine Script® indicator
by Jamallo22
Lumina Trend Channels [Pineify]Lumina Trend Channels The Lumina Trend Channels is a dynamic, volatility-adaptive channel system that combines an Exponential Moving Average (EMA) baseline with Average True Range (ATR) band projections and slope-based trend detection to create a visually intuitive, all-in-one trend-following overlay. Unlike static channel indicators that use fixed-width bands, Lumina Trend Channels automatically expands and contracts its four-band envelope in real time as market volatility changes, keeping the channel structure relevant across all market conditions. The channel color shifts between bullish and bearish states based on the direction of the baseline slope, and buy/sell signals are generated only when price crosses the baseline in alignment with the confirmed trend — filtering out counter-trend noise and providing cleaner entry timing for trend traders. Key Features EMA baseline with ATR-scaled bands — a responsive center line surrounded by four symmetrical bands whose width adapts dynamically to current volatility via ATR measurement. Slope-based trend detection — trend direction is determined by whether the EMA baseline has risen or fallen for two consecutive bars, providing a simple yet effective trend filter. Trend-aligned buy/sell signals — BUY signals trigger only when price crosses above the baseline during a confirmed uptrend; SELL signals trigger only during a confirmed downtrend, eliminating counter-trend false entries. Gradient-style visual channel — layered fills with progressive transparency create a glowing channel effect that fades outward from the baseline, making trend direction and volatility state immediately visible. Trend change markers — circle markers appear on the baseline at the exact bar where the trend flips, providing clear visual anchors for regime changes. Built-in alert conditions — configurable alerts for buy signals, sell signals, and trend changes for hands-free monitoring. How It Works The indicator follows a three-stage calculation process to construct the channel and generate signals: Baseline calculation via EMA: The closing price is smoothed using an Exponential Moving Average with a configurable period (default: 21). The EMA was chosen over SMA because it assigns greater weight to recent prices, producing a center line that reacts faster to price changes while maintaining smoothness. This baseline serves as both the channel center and the reference line for signal generation. Volatility measurement via ATR: The Average True Range is calculated over the same lookback period as the EMA. ATR measures the average bar range (accounting for gaps), providing a robust volatility metric. Four bands are then projected symmetrically around the baseline: inner bands at basis ± ATR × inner multiplier (default: 1.0) and outer bands at basis ± ATR × outer multiplier (default: 2.0). As volatility expands, the bands widen; as it contracts, they narrow — keeping the channel proportional to actual market conditions. Trend detection via baseline slope: The trend state is determined by checking whether the EMA baseline has been rising (increasing for 2 consecutive bars) or falling (decreasing for 2 consecutive bars). If rising, the trend is set to bullish; if falling, bearish. If neither condition is met, the previous trend state is maintained. This persistence mechanism prevents rapid trend flipping during sideways consolidation. Trading Ideas and Insights The Lumina Trend Channels is designed to serve multiple trading approaches across different timeframes and markets: Trend-following entries: The primary use case — when a BUY triangle appears below a bar, it means price has crossed above the EMA baseline while the channel is green (bullish). This confirms that the immediate price action and the broader trend are aligned. Enter long and consider the upper inner or outer band as a potential profit target. The SELL triangle is the mirror setup for short entries during bearish channels. Volatility-based position sizing: The ATR-driven band width provides a built-in volatility gauge. When the channel is wide, the market is volatile — consider smaller position sizes or wider stops. When the channel is narrow, volatility is compressed — tighter stops may be appropriate, and a breakout from the narrow channel often precedes a strong directional move. Dynamic support and resistance: The inner and outer bands act as dynamic support/resistance levels. In an uptrend, pullbacks to the lower inner band often find support; in a downtrend, rallies to the upper inner band often meet resistance. The outer bands represent extreme volatility extensions where price is statistically stretched. Trend change detection: The circle markers on the baseline highlight the exact moment the trend flips. These are valuable for swing traders who want to exit positions when the trend turns against them, or for traders looking to enter early in a new trend direction. How Multiple Indicators Work Together The Lumina Trend Channels integrates three technical components into a unified system, each serving a distinct analytical role: Exponential Moving Average (trend center): The EMA provides the structural backbone of the channel. It defines the center line around which all bands are constructed and serves as the crossover reference for signal generation. Its low-lag property ensures the channel tracks price closely, keeping the entire system responsive to current market conditions. Average True Range (volatility scaling): ATR transforms the channel from a fixed-width envelope into a volatility-adaptive one. By scaling band distances with ATR, the channel automatically adjusts to the market's current behavior — wide during volatile periods, narrow during quiet ones. This means the bands always represent statistically meaningful distance from the baseline, regardless of the instrument or timeframe. Slope-based trend filter (directional bias): The trend detection layer adds a directional gate to the entire system. Without it, every EMA crossover would generate a signal — including counter-trend ones during choppy markets. By requiring the baseline to be actively rising (for buys) or falling (for sells), the trend filter ensures signals only fire when the broader directional context supports the trade. The synergy is layered: EMA establishes the trend center → ATR scales the channel to current volatility → slope detection determines the trend state → signals fire only when price action and trend direction agree. This multi-layer filtering produces a system where each component reinforces the others, resulting in higher-conviction signals than any single component could provide alone. Unique Aspects Volatility-adaptive channel with trend coloring: While many channel indicators use either fixed bands (like Bollinger Bands with standard deviation) or trend coloring separately, Lumina Trend Channels combines ATR-driven dynamic width with slope-based trend coloring in a single overlay. The result is a channel that communicates both volatility state and trend direction simultaneously through its shape and color. Gradient transparency design: The four-layer fill system uses progressive transparency — inner zones are more opaque, outer zones more transparent — creating a natural visual gradient that draws the eye toward the baseline. This design choice makes it immediately obvious where the channel center is and how far price has extended from it. Trend-gated signals: Rather than generating signals on every baseline crossover, the indicator requires trend confirmation before triggering entries. This simple but effective filter dramatically reduces false signals during sideways or transitional market phases, where most crossover-based systems struggle. Minimal parameter design: With only three calculation inputs (length, outer multiplier, inner multiplier), the indicator avoids over-parameterization. The single length parameter controls both the EMA and ATR simultaneously, ensuring the baseline and volatility measure are always in sync. How to Use Add the indicator to your chart. It overlays directly on the price chart, displaying a four-band channel with a central baseline, all colored according to the current trend direction. Observe the channel color: green indicates a bullish trend (baseline is rising), red indicates a bearish trend (baseline is falling). Trade in the direction of the channel color for higher-probability setups. Watch for BUY triangles (green, below bars) — these appear when price crosses above the baseline during a confirmed uptrend. Consider entering long with a stop below the lower inner or outer band. Watch for SELL triangles (red, above bars) — these appear when price crosses below the baseline during a confirmed downtrend. Consider entering short with a stop above the upper inner or outer band. Use the circle markers on the baseline to identify trend changes. These mark the exact bar where the channel flipped color, useful for timing exits or preparing for new trend entries. Monitor the channel width as a volatility gauge — wide channels mean high volatility, narrow channels mean low volatility and potential breakout setups. Set up alerts using the built-in alert conditions for buy signals, sell signals, and trend changes to automate your monitoring. Customization Channel Length (default: 21): Controls both the EMA baseline period and the ATR lookback. Lower values (e.g., 10–14) make the channel more responsive and generate more signals, suitable for shorter timeframes or scalping. Higher values (e.g., 34–55) produce a smoother, more stable channel for swing trading or higher timeframes. Outer Band Multiplier (default: 2.0): Scales the distance of the outer bands from the baseline. Increase for wider outer bands that capture more extreme price extensions; decrease for tighter outer bands that stay closer to price action. Inner Band Multiplier (default: 1.0): Scales the distance of the inner bands from the baseline. Adjust to control the width of the inner channel zone. A value of 0.5 creates a narrow inner zone; a value of 1.5 widens it. Bullish Color (default: green): The color applied to all channel elements during uptrends. Customize to match your chart theme. Bearish Color (default: red): The color applied to all channel elements during downtrends. Customize to match your chart theme. Conclusion The Lumina Trend Channels delivers a clean, volatility-adaptive channel overlay that combines EMA-based trend tracking, ATR-driven dynamic band scaling, and slope-based trend detection into a single, cohesive indicator. Its gradient-style visual design provides immediate, at-a-glance understanding of trend direction, volatility state, and price position within the channel. By gating buy and sell signals with trend confirmation, the indicator filters out counter-trend noise and delivers higher-conviction entries aligned with the prevailing market direction. Whether you trade stocks, forex, crypto, or futures, the Lumina Trend Channels adapts to your instrument and timeframe, offering a refined approach to trend-following and volatility-aware trading decisions.
Pine Script® indicator
by Pineify
Auction Weighted Support and Resistance [Metrify]This script builds an “auction-weighted” S/R map that’s intentionally closer to a microstructure proxy than a classic “draw pivots → draw lines” approach. The core idea: treat repeated interactions around the same price as evidence of auction behavior (acceptance vs rejection), then compress that behavior into a small set of ranked horizontal zones per horizon. Instead of outputting dozens of levels, it runs a selection pass to keep only the strongest, spatially distinct levels. Candidate discovery is pivot-driven, but not used naively. The script collects pivot highs/lows into rolling buffers for three horizons (Micro/Short/Medium) with different pivot lengths and memory caps. Those candidates don’t become “levels” directly; they’re just seeds that get clustered and rescored. Clustering is ATR-normalized (distance measured in ATR multiples), so the same logic doesn’t fall apart when you change symbol volatility or timeframe. Each horizon has its own clustering radius (distATR_micro/short/medium), which makes Micro more granular and Medium more tolerant. The “weight” you see is not a single metric. It’s a composite score that tries to approximate how meaningful a price is in an auction sense: Touch count (distinct): interactions are counted only when the candle range gets within a near-band threshold (ATR-normalized), and then gated by minimum bar separation so you don’t get spam from chop printing 20 touches in a row. (this is done with a stride-based loop to avoid blowing runtime on deep lookbacks) Acceptance: a rolling overlap rate of candle ranges inside the box. It’s exponentially weighted (half-life decay), so recent acceptance matters more, but older acceptance still contributes. If price has been “living” around that level, acceptance rises. Rejection quality: wick-aware rejection, but range-gated (not close-gated). The scoring looks at whether the candle range overlaps/approaches the level, then measures wick dominance on the rejecting side plus where the close sits inside the bar range. Age decay: older levels aren’t thrown away automatically, but they get downweighted via an exponential decay term so stale structure doesn’t dominate forever. Those components get combined by f_weightCompose() into a bounded weight using saturating transforms (so touches don’t scale linearly forever) and a decay factor tied to age. When multiple candidates land in the same cluster, the merge is done with a saturating union on weights (1 - (1-oldW)*(1-wAdd)) rather than simple addition, so weights don’t explode and a level can converge toward 1.0 without becoming meaningless. The cluster center price is updated via a weight-based average to prevent random drift from weak additions. After clustering, we does an explicit selection pass instead of drawing everything. First it filters by minScore, then sorts by weight, then applies a spatial suppression step (basically NMS for horizontal levels). The minimum spacing is ATR-based and incorporates both a horizon spacing floor and the zone thickness, so you don’t end up with two bands that overlap visually or convey the same information. On top of that, there’s a global cross-horizon collision gate (f_canDraw) so Medium zones can coexist with Short/Micro without the chart turning into a layered fog of rectangles. Visualization is intentionally “zone-first.” Each selected level becomes a box band whose half-thickness is ATR-scaled per horizon (bandThicknessATR_*). Opacity isn’t linear: it normalizes weight above minScore, applies a power curve to compress mid-range values, and also scales relative to the strongest level in that horizon (so you still get contrast when everything is “kind of strong”). The pressure overlay is not volume-based and not orderflow (pine can’t read L2), but it tries to expose short-term imbalance while price is inside a band. When the last price is inside a zone, it computes a pressure score from two parts: proximity to the center (closer = higher) and a directional imbalance proxy from recent returns sampled only on bars that intersect the band. It then draws two thin lines at the band edges with alpha proportional to that pressure score. This is meant as a “are we being pushed out or absorbed here” hint (not a prediction engine). If you enable the audit panel, the script builds a table listing the levels that actually got drawn (post-selection + collision filtering). The columns map directly to the internal metrics (weight, touches, acceptance, rejection), so you can sanity-check why a level exists. Level IDs are horizon-prefixed (MC/ST/MD) and assigned based on ranking within each horizon. note: rebuild is throttled (rebuildEveryN) and only runs on the last bar. Loops that can go deep use a stride heuristic (1/2/4) to keep runtime predictable on large lookbacks. Arrays are used as bounded buffers for candidate storage, and drawing objects are aggressively deleted/rebuilt to avoid object leaks.
Pine Script® indicator
by Metrify
1
Auto Channel [SciQua]Auto Channel Purpose Auto Channel finds the single best parallel price channel from recent price action and keeps it updated in real time. It uses ZigZag pivots to build candidate channels, scores each candidate for quality, then plots the winner. When price closes outside the channel, the script flags a breakout and can fire alerts. How it works 1. ZigZag pivots The script uses TradingView’s TradingView/ZigZag/7 library to generate a stream of swing highs and lows based on a percentage reversal threshold and a leg depth. These pivots are the only points the channel logic evaluates, which keeps the search fast and focused on structure rather than noise. 2. Channel candidates From the most recent pivots, the script forms all combinations of two swing highs and two swing lows. It computes a slope for the high line and a slope for the low line and requires that they be nearly parallel within a user-defined tolerance. 3. Quality scoring and selection For every valid candidate, the script checks the recent pivot segments against the trial channel and computes: Inside ratio: fraction of tested pivots that sit fully inside the channel after applying the tolerance buffer. Violation sum: total magnitude of the breaches for any pivots outside the channel. Current width: distance between upper and lower lines at the current bar. The “best” channel is chosen by: 1. highest inside ratio 2. then widest current width 3. then smallest violation sum 4. Plot and projection The upper and lower lines are anchored to the chosen pivot pairs and extend to the left. The script also projects each line to the current bar to compute the live upper and lower channel prices. Those levels drive the breakout checks and alerts. 5. Breakouts and alerts A breakout is detected when the bar closes above the projected upper line or closes below the projected lower line, after applying the tolerance buffer. Triangle markers highlight fresh breakouts, and you can enable alert conditions to automate notification or strategy handoff. Inputs: ZigZag Price deviation for reversals (%) Default 0.2. Larger values produce fewer, larger swings. Smaller values produce more, smaller swings. Pivot legs Default 2. Controls the lookback depth ZigZag uses to confirm pivots. ZigZag Color Visual only. Tip: If you are not seeing a stable channel, increase the ZigZag percentage to reduce minor swings. Channel search Number of recent pivots to consider Default 12. Higher values search more history and try more channel combinations. Lower values make the search faster and more reactive. Max slope difference for parallel Default 0.0005. Maximum allowed difference between the upper and lower line slopes. Smaller values enforce stricter parallelism. Max price tolerance outside channel Default 0.0. A buffer added to the channel boundaries during validation and breakout checks. Use this to ignore tiny wicks that poke the lines. Minimum inside to outside pivots ratio for valid channel (0.00–1.00) Default 1.00. Require that at least this fraction of checked pivots lie inside the channel. For a more permissive fit, try 0.60 to 0.85. Styling Upper Line Color Lower Line Color Breakout Above Color Breakout Below Color Plots and visuals Upper channel line Lower channel line Triangle markers on the bar that first confirms a close outside the channel, above or below. Lines extend left from their pivot anchors. Projection to the current bar is used internally to test for breakouts and to set alerts. Alerts The script defines two alert conditions: Close Above Channel Triggers when the bar closes above the projected upper line plus tolerance. Close Below Channel Triggers when the bar closes below the projected lower line minus tolerance. Practical usage Trend channels In a steady trend, a high inside ratio with a moderate width often highlights the dominant channel. Consider trend entries near the lower line in an uptrend or near the upper line in a downtrend, with exits or stops beyond the opposite boundary. Breakout trades Combine the channel breakout alert with volume or a separate momentum filter. The tolerance input helps avoid false triggers from small wicks. Tuning for timeframe and symbol • Faster markets or lower timeframes usually benefit from a larger ZigZag percentage and a smaller pivot count. • Slower markets or higher timeframes can use more pivots and a tighter slope difference to enforce cleaner geometry. Notes and limitations Channels are derived from ZigZag pivots. If your ZigZag settings change, the detected channel will also change. The script plots only the single best channel at any time to keep the chart clean. Breakout markers appear on confirmed bars. For historical bars, markers appear only where a breakout would have been confirmed at that time. Lines extend left from their anchors. The script projects the lines internally to the current bar for checks and alerts. License and attribution License Creative Commons Attribution-NonCommercial 4.0 International (CC BY-NC 4.0). Open source for educational and personal use only. Commercial use requires written permission. Attribution © 2025 SciQua — Joshua Danford Libraries Uses TradingView/ZigZag/7. Changelog v1.0 Initial release. Automatic parallel channel detection from ZigZag pivots, quality scoring, live plotting, and close-based breakout alerts. FAQ Why do I not see any channel sometimes? There may not be a valid pair of highs and lows that pass the slope, inside ratio, and tolerance checks. Loosen the constraints by increasing Max slope difference, lowering Minimum inside ratio, or increasing the ZigZag percentage. The channel looks too narrow or too wide? Adjust Number of recent pivots and Minimum inside ratio. A higher inside ratio tends to favor cleaner, sometimes wider channels. A lower ratio may admit narrower, more reactive channels. How can I reduce false breakout alerts? Increase Max price tolerance outside channel to ignore small wicks. Add a volume or momentum confirmation in your personal alert workflow. Thank you for using Auto Channel . Feedback and improvements are welcome.
Pine Script® indicator
by JoshuaDanford
4
Smart Money Breakout Channels [AlgoAlpha]🟠 OVERVIEW This script draws breakout detection zones called “Smart Money Breakout Channels” based on volatility-normalized price movement and visualizes them as dynamic boxes with volume overlays. It identifies temporary accumulation or distribution ranges using a custom normalized volatility metric and tracks when price breaks out of those zones—either upward or downward. Each channel represents a structured range where smart money may be active, helping traders anticipate key breakouts with added context from volume delta, up/down volume, and a visual gradient gauge for momentum bias. 🟠 CONCEPTS The script calculates normalized price volatility by measuring the standard deviation of price mapped to a scale using the highest and lowest prices over a set lookback period. When normalized volatility reaches a local low and flips upward, a boxed channel is drawn between the highest and lowest prices in that zone. These boxes persist until price breaks out, either with a strong candle close (configurable) or by touching the boundary. Volume analysis enhances interpretation by rendering delta bars inside the box, showing volume distribution during the channel. Additionally, a real-time visual “gauge” shows where volume delta sits within the channel range, helping users spot pressure imbalances. 🟠 FEATURES Automatic detection and drawing of breakout channels based on volatility-normalized price pivots. Optional nested channels to allow multiple simultaneous zones or a clean single-zone view. Gradient-filled volume gauge with dynamic pointer to show current delta pressure within the box. Three volume visualization modes: raw volume, comparative up/down volume, and delta. Alerts for new channel creation and confirmed bullish or bearish breakouts. 🟠 USAGE Apply the indicator to any chart. Wait for a new breakout box to form—this occurs when volatility behavior shifts and a stable range emerges. Once a box appears, monitor price relative to its boundaries. A breakout above suggests bullish continuation, below suggests bearish continuation; signals are stronger when “Strong Closes Only” is enabled. Watch the internal volume candles to understand where buy/sell pressure is concentrated during the box. Use the gauge on the right to interpret whether net pressure is building upward or downward before breakout to anticipate the direction. Use alerts to catch breakout events without needing to monitor the chart constantly 🚨.
Pine Script® indicator
by AlgoAlpha
81
Auto Support Resistance Channels [TradingFinder] Top/Down Signal🔵 Introduction In technical analysis, a price channel is one of the most widely used tools for identifying and tracking price trends. A price channel consists of two parallel trendlines, typically drawn from swing highs (resistance) and swing lows (support). These lines define dynamic support and resistance zones and provide a clear framework for interpreting price fluctuations. Drawing a channel on a price chart allows the analyst to more precisely identify entry points, exit levels, take-profit zones, and stop-loss areas based on how the price behaves within the boundaries of the channel. Price channels in technical analysis are generally categorized into three types: upward channels with a positive slope, downward channels with a negative slope, and horizontal (range-bound) channels with near-zero slope. Each type offers unique insights into market behavior depending on the price structure and prevailing trend. Structurally, channels can be formed using either minor or major pivot points. A major channel typically reflects a stronger, more reliable structure that appears on higher timeframes, whereas a minor channel often captures short-term fluctuations or corrective movements within a larger trend. For instance, a major downward channel may indicate sustained selling pressure across the market, while a minor upward channel could represent a temporary pullback within a broader bearish trend. The validity of a price channel depends on several factors, including the number of price touches on the channel lines, the symmetry and parallelism of the trendlines, the duration of price movement within the channel, and price behavior around the median line. When a price channel is broken, it is generally expected that the price will move in the breakout direction by at least the width of the channel. This makes price channels especially useful in breakout analysis. In the following sections, we will explore the different types of price channels, how to draw them accurately, the structural differences between minor and major channels, and key trade interpretations when price interacts with channel boundaries. Up Channel : Down Channel : 🔵 How to Use A price channel is a practical tool in technical analysis for identifying areas of support, resistance, trend direction, and potential breakout zones. The structure consists of two parallel trendlines within which price fluctuates. Traders use the relative position of price within the channel to make informed trading decisions. The two primary strategies include range-based trades (buying low, selling high) and breakout trades (entering when price exits the channel). 🟣 Up Channel In an upward channel, price moves within a positively sloped range. The lower trendline acts as dynamic support, while the upper trendline serves as dynamic resistance. A common strategy involves buying near the lower support and taking profit or selling near the upper resistance. If price breaks below the lower trendline with strong volume or a decisive candle, it can signal a potential trend reversal. Channels constructed from major pivots generally reflect dominant uptrends, while those based on minor pivots are often corrective structures within a broader bearish movement. 🟣 Down Channel In a downward channel, price moves between two negatively sloped lines. The upper trendline functions as resistance, and the lower trendline as support. Ideal entry for short trades occurs near the upper boundary, especially when confirmed by bearish price action or a resistance level. Exit targets are typically located near the lower support. If the upper boundary is broken to the upside, it may be an early sign of a bullish trend reversal. Like upward channels, a major down channel represents broader selling pressure, while a minor one may indicate a brief retracement in a bullish move. 🟣 Range Channel A horizontal or range-bound channel is characterized by price oscillating between two nearly flat lines. This type of channel typically appears during sideways markets or periods of consolidation. Traders often buy near the lower boundary and sell near the upper boundary to take advantage of contained volatility. However, fake breakouts are more frequent in range-bound structures, so it is important to wait for confirmation through candlestick signals and volume. A confirmed breakout beyond the channel boundaries can justify entering a trade in the direction of the breakout. 🔵 Settings Pivot Period :This parameter defines how sensitive the channel detection is. A higher value causes the algorithm to identify major pivot points, resulting in broader and longer-term channels. Lower values focus on minor pivots and create tighter, short-term channels. 🔔 Alerts Alert Configuration : Enable or disable the full alert system Set a custom alert name Choose the alert frequency: every time, once per bar, or on bar close Define the time zone for alert timestamps (e.g., UTC) Channel Alert Types : Each channel type (Major/Minor, Internal/External, Up/Down) supports two alert types : Break Alert : Triggered when price breaks above or below the channel boundaries React Alert : Triggered when price touches and reacts (bounces) off the channel boundary 🎨 Display Settings For each of the eight channel types, you can customize: Visibility : show or hide the channel Auto-delete previous channels when new ones are drawn Style : line color, thickness, type (solid, dashed, dotted), extension (right only, both sides) 🔵 Conclusion The price channel is a foundational structure in technical analysis that enables traders to analyze price movement, identify dynamic support and resistance zones, and locate potential entry and exit points with greater precision. When constructed properly using minor or major pivots, a price channel offers a consistent and intuitive framework for interpreting market behavior—often simpler and more visually clear than many other technical tools. Understanding the differences between upward, downward, and range-bound channels—as well as recognizing the distinctions between minor and major structures—is critical for selecting the right trading strategy. Upward channels tend to generate buying opportunities, downward channels prioritize short setups, and horizontal channels provide setups for both mean-reversion and breakout trades. Ultimately, the reliability of a price channel depends on various factors such as the number of touchpoints, the duration of the channel, the parallelism of the lines, and how the price reacts to the median line. By taking these factors into account, an experienced analyst can effectively use price channels as a powerful tool for trend forecasting and precise trade execution. Although conceptually simple, successful application of price channels requires practice, pattern recognition, and the ability to filter out market noise.
Pine Script® indicator
by TradingFinder
7
[COG] WeatherForecaster🌤️ Just like a weather forecast that adjusts as new data emerges, this TMA Pivot Points Forecaster adapts to evolving market conditions! Description: This indicator combines the power of a Triple Moving Average (TMA) with pivot point analysis to identify potential market turning points and trend directions. Like a meteorologist using various atmospheric data to predict weather patterns, this tool analyzes price action through multiple lenses to forecast potential market movements. Key Features: - Dynamic TMA Line: Acts as our "atmospheric pressure system," showing the underlying market direction - Adaptive Pivot Points: Like weather stations, these pivots identify key market levels where the "climate" might change - Smart Entry Signals: ☀️ and 🌧️ icons appear when conditions align for potential trades - Timeframe-Adaptive: Automatically adjusts sensitivity across different timeframes - Customizable Visuals: Adjust colors and styles to match your trading environment Settings Include: ✓ TMA Length and Slope Sensitivity ✓ Pivot Point Parameters ✓ Visual Customization Options ✓ Toggle Entry Signals ✓ Toggle Pivot Lines Note: Like weather forecasts that update with new data, this indicator recalculates as market conditions evolve. Past signals may adjust as more price action develops. Always use proper risk management and combine with other analysis tools. Usage Guide: The indicator works best when used as part of a complete trading system. Here's how to interpret the signals: 📈 Bullish Conditions: - TMA Line turns green: Indicates upward momentum - "Buy above 🌋" level appears: Potential resistance turned support level - ☀️ Signal: Indicates favorable buying conditions 📉 Bearish Conditions: - TMA Line turns red: Indicates downward momentum - "Sell below 🌋" level appears: Potential support turned resistance level - 🌧️ Signal: Indicates favorable selling conditions ⏺️ Ranging Conditions: - TMA Line turns yellow: Market in consolidation - 💤 Signal: Suggests waiting for clearer direction Best Practices: 1. Higher timeframes (4H, Daily) tend to produce more reliable signals 2. Use the pivot lines as potential entry/exit reference points 3. Adjust the TMA length based on your trading style: • Shorter lengths (20-30) for more active trading • Longer lengths (50-60) for trend following Settings Explained: TMA Settings: - TMA Length: Determines the smoothing period (default: 30) - Slope Threshold: Controls trend sensitivity (default: 0.015) Pivot Settings: - Left/Right Bars: Controls pivot point calculation - Line Length: Adjusts the visual length of pivot lines - Line Style & Colors: Customize the visual appearance Disclaimer: Past performance does not guarantee future results. This indicator, like any technical tool, provides possibilities rather than certainties. Please test thoroughly on your preferred timeframes and markets before using with real capital.
Pine Script® indicator
by CognitiveAlpha
2
RSI Volatility Suppression Zones [BigBeluga]RSI Volatility Suppression Zones is an advanced indicator that identifies periods of suppressed RSI volatility and visualizes these suppression zones on the main chart. It also highlights breakout dynamics, giving traders actionable insights into potential market momentum. 🔵 Key Features: Detection of Suppression Zones: Identifies periods where RSI volatility is suppressed and marks these zones on the main price chart. Breakout Visualization: When the price breaks above the suppression zone, the box turns aqua, and an upward label is drawn to indicate a bullish breakout. If the price breaks below the zone, the box turns purple, and a downward label is drawn for a bearish breakout. Breakouts accompanied by a "+" label represent strong moves caused by short-lived, tight zones, signaling significant momentum. Wave Labels for Consolidation: If the suppression zone remains unbroken, a "wave" label is displayed within the gray box, signifying continued price stability within the range. Gradient Intensity Below RSI: A gradient strip below the RSI line increases in intensity based on the duration of the suppressed RSI volatility period. This visual aid helps traders gauge how extended the low volatility phase is. 🔵 Usage: Identify Breakouts: Use color-coded boxes and labels to detect breakouts and their direction, confirming potential trend continuation or reversals. Evaluate Market Momentum: Leverage "+" labels for strong breakout signals caused by short suppression phases, indicating significant market moves. Monitor Price Consolidation: Observe gray boxes and wave labels to understand ongoing consolidation phases. Analyze RSI Behavior: Utilize the gradient strip to measure the longevity of suppressed volatility phases and anticipate breakout potential. RSI Volatility Suppression Zones provides a powerful visual representation of RSI volatility suppression, breakout signals, and price consolidation, making it a must-have tool for traders seeking to anticipate market movements effectively.
Pine Script® indicator
by BigBeluga
38
The Bar Counter Trend Reversal Strategy [TradeDots]Overview The Bar Counter Trend Reversal Strategy is designed to identify potential counter-trend reversal points in the market after a series of consecutive rising or falling bars. By analyzing price movements in conjunction with optional volume confirmation and channel bands (Bollinger Bands or Keltner Channels), this strategy aims to detect overbought or oversold conditions where a trend reversal may occur. 🔹How it Works Consecutive Price Movements Rising Bars: The strategy detects when there are a specified number of consecutive rising bars (No. of Rises). Falling Bars: Similarly, it identifies a specified number of consecutive falling bars (No. of Falls). Volume Confirmation (Optional) When enabled, the strategy checks for increasing volume during the consecutive price movements, adding an extra layer of confirmation to the potential reversal signal. Channel Confirmation (Optional) Channel Type: Choose between Bollinger Bands ("BB") or Keltner Channels ("KC"). Channel Interaction: The strategy checks if the price interacts with the upper or lower channel lines: For short signals, it looks for price moving above the upper channel line. For long signals, it looks for price moving below the lower channel line. Customization: No. of Rises/Falls: Set the number of consecutive bars required to trigger a signal. Volume Confirmation: Enable or disable volume as a confirmation factor. Channel Confirmation: Enable or disable channel bands as a confirmation factor. Channel Settings: Adjust the length and multiplier for the Bollinger Bands or Keltner Channels. Visual Indicators: Entry Signals: Triangles plotted on the chart indicate potential entry points: Green upward triangle for long entries. Red downward triangle for short entries. Channel Bands: The upper and lower bands are plotted for visual reference. Strategy Parameters: Initial Capital: $10,000. Position Sizing: 80% of equity per trade. Commission: 0.01% per trade to simulate realistic trading costs. 🔹Usage Set up the number of Rises/Falls and choose whether if you want to use channel indicators and volume as the confirmation. Monitor the chart for triangles indicating potential entry points. Consider the context of the overall market trend and other technical factors. Backtesting and Optimization: Use TradingView's Strategy Tester to evaluate performance. Adjust parameters to optimize results for different market conditions. 🔹 Considerations and Recommendations Risk Management: The strategy does not include built-in stop-loss or take-profit levels. It's recommended to implement your own risk management techniques. Market Conditions: Performance may vary in different market environments. Testing and adjustments are advised when applying the strategy to new instruments or timeframes. No Guarantee of Future Results: Past performance is not indicative of future results. Always perform due diligence and consider the risks involved in trading.
Pine Script® strategy
by tradedots
3
Pivot Channel Breaks [BigBeluga]Pivot Channel Break The Pivot Channel Break indicator identifies key pivot points and creates a dynamic channel based on these pivots. It detects breakouts from this channel, providing potential entry and exit signals for traders. 🔵 How to Use Channel Identification: - Upper and lower channel lines drawn based on pivot highs and lows - Channel width dynamically adjusted using ATR-like calculation Breakout Signals: - Upward breakout: Price closes above upper channel line - Downward breakout: Price closes below lower channel line - Signals shown as X marks on the chart Pivot Points: - High pivots marked with "H" triangles - Low pivots marked with "L" triangles Support & Resistance: - Optional signals when price touches but doesn't break channel lines Trend Visualization: - Optional bar coloring based on the most recent breakout direction 🔵 Customization • Pivot Right: Lookback period for pivot detection (default: 10) • Pivot Left: Forward period for pivot confirmation (default: 40) • Channel Width: Multiplier for channel width calculation (default: 1.0) • Support & Resistance Signals: Toggle additional touch signals • Bar Color: Enable/disable trend-based bar coloring Calculation: Detect pivot highs and lows using specified lookback periods Calculate channel basis using 10-period SMA of close prices Determine channel width using ATR-like calculation: RMA(high - low, 10) * width multiplier Set channel lines based on pivot points and calculated deviations Identify breakouts when price crosses beyond channel lines The Pivot Channel Break indicator offers a dynamic approach to identifying potential trend changes and breakout opportunities. It combines pivot point analysis with a flexible channel calculation, providing traders with a visual tool for market structure analysis. Use this indicator in conjunction with other technical analysis methods to confirm signals and manage risk effectively.
Pine Script® indicator
by BigBeluga
3
Quan Channel - Quan DaoI tried several channels, like the supertrend, ATR, Donchian or Bollingers, but they do not seem to fit my needs. So I created a new channel to PREDICT the next impulse move of a price. The current value of the top or bottom of the channel is based on 2 previous candles (not the candle itself), and it takes into account: - The Direction of the previous candles (red or green) and - The Width of their bodies In my channel, the top or bottom lines will cover the price movement most of the time. But in some cases, when the price is on a big move, it will go out of the channel. And this is the time we need to consider a buy/sell (or take some profit) as well (not necessarily 100% of the time, though). Personally, I like to use another oscillator in combination with this channel to predict whether it will reverse after the breakouts or continue to make another peak. If you are a DCA or long-term investor, I guess it would be safe to buy at the blue signals (out of bottom) and take some profits at the orange signals (out of top). I also added an alert when the price breaks out of the channel for easier tracking.
Pine Script® indicator
by niceboomer
5
MTF Fair Value Gap [BigBeluga]The MTF Fair Value Gap (FVG) indicator provides multi-timeframe options to observe lower or higher gaps in different timeframes within your current one. This can enhance the confluence in your trading decisions. 🔶 USAGE An FVG is formed when a candle has an 'empty' body, leaving a gap. These areas are often filled before the market continues to trend in its original direction. In practical terms, FVGs serve to highlight support areas (bullish FVGs) and resistance zones (bearish FVGs). As a gap is filled, signaling the end of the existing imbalance, it tends to foreshadow an impending price reversal. While this approach is inherently contrarian, individuals seeking a more trend-following strategy can opt to use FVG identification as straightforward signals. This entails taking a long position upon detecting a bullish FVG and adopting a short position in the presence of a bearish FVG. 🔹 Mitigation The mitigation point is where the user selects when the FVG is considered filled or no longer usable. Source => Choose the candle's low/high or close as the mitigation point. Point => Choose the FVG's mitigation point to trigger after the candle's Source has filled it. Users can choose between the middle point or the top/bottom of the FVG. ccc 🔹 MTF This script can display MTF FVGs from different timeframes while showing the current one. This is extremely useful as it avoids the need to switch timeframes frequently and can add significant confluence with the current FVG. 🔹 Threshold The Threshold is an input to remove insignificant FVGs that are too small to be truly useful. Users can choose between: Auto => Automatically remove unusable FVGs. Manual => Set an automatic Threshold. 🔶 TIPS Users can choose how many FVGs to display on the current chart for better visualization. Users can choose which FVGs to display: only the current one, only MTF ones, or both.
Pine Script® indicator
by BigBeluga
5
Volume Channel - [With Volume Filter]The indicator calculates two volume-weighted moving averages (VWMA) using different lengths, and filters them based on a moving average of volume. The filtered VWMA values are then plotted on the chart as lines, representing the fast and slow moving averages. In addition, upper and lower bands are calculated based on the slow VWMA and plotted as lines on the chart. The fast and slow VWMA lines can be used to identify trends in the market. When the fast VWMA is above the slow VWMA, it is an indication of an uptrend, and when the fast VWMA is below the slow VWMA, it is an indication of a downtrend. The position of the VWMA lines relative to the upper and lower bands can also be used to identify potential trade signals. When the price is near the upper band, it indicates that the market is overbought, and when the price is near the lower band, it indicates that the market is oversold. Traders can use these signals to enter or exit trades. The indicator also includes a volume filter, which means that the VWMA values are only calculated when the volume is above a certain moving average of volume. This helps to filter out noise in the market and provide more accurate signals. Explanation for each parameter vwmaLength1: This is the length of the fast volume-weighted moving average (VWMA) used in the calculation. The default value is 10, and it can be adjusted by the user. vwmaLength2: This is the length of the slow volume-weighted moving average (VWMA) used in the calculation. The default value is 25, and it can be adjusted by the user. bandLength: This is the length of the moving average used to calculate the upper and lower bands. The default value is 34, and it is not adjustable by the user. volumeFilterLength: This is the length of the moving average of volume used as a filter for the VWMA calculation. The default value is 5, and it can be adjusted by the user. src: This is the input source for the VWMA calculation. The default value is close, which means the indicator is using the closing price of each bar. However, the user can select a different input source by changing this parameter. filteredVwma1: This is the filtered VWMA calculated based on the volume filter and the fast VWMA length. It is plotted as a line on the chart and can be used to identify short-term trends. filteredVwma2: This is the filtered VWMA calculated based on the volume filter and the slow VWMA length. It is plotted as a line on the chart and can be used to identify long-term trends. ma: This is the moving average of the filtered slow VWMA values, which is used to calculate the upper and lower bands. It is plotted as a line on the chart. offs: This is the offset used to calculate the upper and lower bands. It is based on the standard deviation of the filtered slow VWMA values and is multiplied by 1.6185 * 3. It is plotted as a line on the chart. up: This is the upper band calculated as the moving average plus the offset. It is plotted as a line on the chart and can be used to identify overbought conditions. dn: This is the lower band calculated as the moving average minus the offset. It is plotted as a line on the chart and can be used to identify oversold conditions.
Pine Script® indicator
by IkkeOmar
VWAP Supply and Demand ZonesThis is my 1st indicator enjoy. Description of the VWAP Supply and Demand Zones indicator: This indicator uses the Volume Weighted Average Price (VWAP) to identify potential supply and demand zones in the market. The VWAP is a popular indicator that shows the average price of a security weighted by volume over a specified period of time. It can be used as a benchmark to measure the efficiency of trading and to identify trends and price levels. The indicator plots the VWAP as a blue line on the chart, and also plots two other lines above and below it, which represent the upper and lower bounds of the supply and demand zones. The width of these zones can be adjusted by changing the “Zone Width” input parameter. The indicator also plots shapes on the chart to mark when a supply or demand zone is formed. A supply zone is formed when the price crosses above the VWAP and then falls back below it, indicating that there is more selling pressure than buying pressure at that level. A red triangle is plotted above the bar where this happens, and a red zone is drawn between the previous close and previous VWAP values. A demand zone is formed when the price crosses below the VWAP and then rises back above it, indicating that there is more buying pressure than selling pressure at that level. A green triangle is plotted below the bar where this happens, and a green zone is drawn between the previous close and previous VWAP values. The supply and demand zones can be used as potential areas of support and resistance, where traders can look for reversal or continuation signals. For example, if the price enters a supply zone from below, it may indicate that sellers are willing to sell at higher prices, which could lead to a bearish reversal. Conversely, if the price enters a demand zone from above, it may indicate that buyers are willing to buy at lower prices, which could lead to a bullish reversal. The indicator can be applied to any timeframe or market, but it may work better on higher timeframes where volume data is more reliable. It can also be combined with other indicators or tools to confirm or filter signals.
Pine Script® indicator
by Finntech1
4
Faytterro Bandswhat is Faytterro Bands? it is a channel indicator like "Bollinger Bands". what it does? creates a channel using standard deviations and means. thus giving users an idea about the expensive and cheap zones. It uses a special weighted moving average different from standard bollinger bands, it also averages not only price but also deviations. how it does it? it uses this formulas: how to use it? its usage is the same as "bollinger band". length represents the number of candles to be taken into account, source represents the source of those candles and stdev represents the coefficient of the standard deviation. you can use it with other indicators:
Pine Script® indicator
by faytterro
148
The Killer Whale - Multiple Keltner Channels by JoeFinally, after centuries of pain and suffering, the good townsfolk of TradingView have been given a single Keltner Channel indicator that will grant them FREE access to MORE THAN ONE Keltner Channel. With "The Killer Whale" indicator, Joe has once again saved all the peasants—those who cannot add 10,000 indicators to our charts—from the dirty tyrants who arrogantly rule over us with disdain. And, now, not only can you have more than one Keltner Channel with this single indicator, but you can have UP TO FOUR! For FREE! Yes, I know, it seems too good to be true. But, install and enjoy your newfound freedom! Options: Keltner Channel length and source Multiplication Factor for each channel SMA or EMA ATR Length Border and fill colors for each channel Now, go, therefore, and Keltner to your heart's content. May The Killer Whale be with your charts forever!
Pine Script® indicator
by crypto-with-joe
15
Robust Channel [tbiktag]Introducing the Robust Channel indicator. This indicator is based on a remarkable property of robust statistics , namely, the resistance​ to the presence of data points that deviate significantly from the established trend (generally speaking, outliers ). Being outlier-resistant, the Robust Channel indicator “remembers” a pre-existing trend and thus exhibits a very peculiar "lag" in case of a sharp price change. This allows high-confidence identification of such price actions as a trend reversal, range break, pullback, etc. In the case of trending and range-bound market conditions, the price remains within the channel most of the time, fluctuating around the central line. Technical details The central line is calculated using the repeated median slope algorithm. For each data point in a lookback window of a user-specified Length , this method calculates the median slope of the lines that connect that point to all other points inside the window. The overall median of these median slopes is then calculated and used as an estimate of the trend slope. The algorithm is very efficient as it uses an on-the-fly procedure to update the array containing the slopes (new data pushed - old data removed). The outer line is then calculated as the central line plus the Length -period standard deviation of the price data multiplied by a user-defined Channel Width Factor . The inner line is defined analogously below the central line. Usage As a stand-alone indicator, the Robust Channel can be applied similarly to the Bollinger Bands and the Keltner Channel: A close above the outer line can be interpreted as a bullish signal and a close below the inner line as a bearish signal. Likewise, a return to the channel from below after a break may serve as a bullish signal, while a return from above may indicate bearish sentiment. Robust Channel can be also used to confirm chart patterns such as double tops and double bottoms. If you like this indicator, feel free to leave your feedback in the comments below!
Pine Script® indicator
by tbtkg
14
Dynamic Price ChannelsThis indicator plots dynamic price channels based on the security highest close and lowest open. The default is to display 8 core channels (with the option to plot the sub channel lines, off by default). It’s simple really—this just divides the price action into equal channels. I’ve found this pattern helpful across all markets. It’s dynamic because if a new high close or a new low close is created the all channels will adjust. The key levels are 75% (blue), 50% (aqua), 25% (blue). In between those key levels is a level separator. The high close and the low open are both red. These can all be customized in the settings. What you’ll typically see at these channel boundaries are price slow downs, reversals, support and resistance. Turning on sub-channels will provide further channel plots. On these sub-channels you’ll also see the same type of price action activity as mentioned above. I’ve developed a trading system where this indicator helps identify key pivot areas. Combined with a few other indicators and key EMAs this trade system provides high probability trades around these key channel areas.
Pine Script® indicator
by RexDogActual
4