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Volume Footprint Anomaly Scanner [PhenLabs]📊 PhenLabs - Volume Footprint Anomaly Scanner (VFAS) Version: PineScript™ v6 📌 Description The PhenLabs Volume Footprint Anomaly Scanner (VFAS) is an advanced Pine Script indicator designed to detect and highlight significant imbalances in buying and selling pressure within individual price bars. By analyzing a calculated "Delta" – the net difference between estimated buy and sell volume – and employing statistical Z-score analysis, VFAS pinpoints moments when buying or selling activity becomes unusually dominant. This script was created not in hopes of creating a "Buy and Sell" indicator but rather providing the user with a more in-depth insight into the intrabar volume delta and how it can fluctuate in unusual ways, leading to anomalies that can be capitalized on. This indicator helps traders identify high-conviction points where strong market participants are active, signaling potential shifts in momentum or continuation of a trend. It aims to provide a clearer understanding of underlying market dynamics, allowing for more informed decision-making in various trading strategies, from identifying entry points to confirming trend strength. 🚀 Points of Innovation ●​ Z-Score for Delta Analysis : Utilizes statistical Z-scores to objectively identify statistically significant anomalies in buying/selling pressure, moving beyond simple, arbitrary thresholds. ●​ Dynamic Confidence Scoring : Assigns a multi-star confidence rating (1-4 stars) to each signal, factoring in high volume, trend alignment, and specific confirmation criteria, providing a nuanced view of signal strength. ●​ Integrated Trend Filtering : Offers an optional Exponential Moving Average (EMA)-based trend filter to ensure signals align with the broader market direction, reducing false positives in ranging markets. ●​ Strict Confirmation Logic : Implements specific confirmation criteria for higher-confidence signals, including price action and a time-based gap from previous signals, enhancing reliability. ●​ Intuitive Info Dashboard : Provides a real-time summary of market trend and the latest signal's direction and confidence directly on the chart, streamlining information access. 🔧 Core Components ●​ Core Delta Engine : Estimates the net buying/selling pressure (bar Delta) by analyzing price movement within each bar relative to volume. It also calculates average volume to identify bars with unusually high activity. ●​ Anomaly Detection (Z-Score) : Computes the Z-score for the current bar's Delta, indicating how many standard deviations it is from its recent average. This statistical measure is central to identifying significant anomalies. ●​ Trend Filter : Utilizes a dual Exponential Moving Average (EMA) cross-over system to define the prevailing market trend (uptrend, downtrend, or range), providing contextual awareness. ●​ Signal Processing & Confidence Algorithm : Evaluates anomaly conditions against trend filters and confirmation rules, then calculates a dynamic confidence score to produce actionable, contextualized signal information. 🔥 Key Features ●​ Advanced Delta Anomaly Detection : Pinpoints bars with exceptionally high buying or selling pressure, indicating potential institutional activity or strong market conviction. ●​ Multi-Factor Confidence Scoring : Each signal comes with a 1-4 star rating, clearly communicating its reliability based on high volume, trend alignment, and specific confirmation criteria. ●​ Optional Trend Alignment : Users can choose to filter signals, so only those aligned with the prevailing EMA-defined trend are displayed, enhancing signal quality. ●​ Interactive Signal Labels : Displays compact labels on the chart at anomaly points, offering detailed tooltips upon hover, including signal type, direction, confidence, and contextual information. ●​ Customizable Bar Colors : Visually highlights bars with Delta anomalies, providing an immediate visual cue for strong buying or selling activity. ●​ Real-time Info Dashboard : A clean, customizable dashboard shows the current market trend and details of the latest detected signal, keeping key information accessible at a glance. ●​ Configurable Alerts : Set up alerts for bullish or bearish Delta anomalies to receive real-time notifications when significant market pressure shifts occur. 🎨 Visualization Signal Labels : * Placed at the top/bottom of anomaly bars, showing a "📈" (bullish) or "📉" (bearish) icon. * Tooltip: Hovering over a label reveals detailed information: Signal Type (e.g., "Delta Anomaly"), Direction, Confidence (e.g., "★★★☆"), and a descriptive explanation of the anomaly. * Interpretation: Clearly marks actionable signals and provides deep insights without cluttering the chart, enabling quick assessment of signal strength and context. ●​ Info Dashboard : * Located at the top-right of the chart, providing a clean summary. * Displays: "PhenLabs - VFAS" header, "Market Trend" (Uptrend/Downtrend/Range with color-coded status), and "Direction | Conf." (showing the last signal's direction and star confidence). * Optional "💡 Hover over signals for details" reminder. * Interpretation: A concise, real-time summary of the market's pulse and the most recent high-conviction event, helping traders stay informed at a glance. 📖 Usage Guidelines Setting Categories ⚙️ Core Delta & Volume Engine ●​ Minimum Volume Lookback (Bars) ○​ Default: 9 ○​ Range: Integer (e.g., 5-50) ○​ Description: Defines the number of preceding bars used to calculate the average volume and delta. Bars with volume below this average won't be considered for high-volume signals. A shorter lookback is more reactive to recent changes, while a longer one provides a smoother average. 📈 Anomaly Detection Settings Delta Z-Score Anomaly Threshold ○​ Default: 2.5 ○​ Range: Float (e.g., 1.0-5.0+) ○​ Description: The number of standard deviations from the mean that a bar's delta must exceed to be considered a significant anomaly. A higher threshold means fewer, but potentially stronger, signals. A lower threshold will generate more signals, which might include less significant events. Experiment to find the optimal balance for your trading style. 🔬 Context Filters Enable Trend Filter ○​ Default: False ○​ Range: Boolean (True/False) ○​ Description: When enabled, signals will only be generated if they align with the current market trend as determined by the EMAs (e.g., only bullish signals in an uptrend, bearish in a downtrend). This helps to filter out counter-trend noise. ●​ Trend EMA Fast ○​ Default: 50 ○​ Range: Integer (e.g., 10-100) ○​ Description: The period for the faster Exponential Moving Average used in the trend filter. In combination with the slow EMA, it defines the trend direction. ●​ Trend EMA Slow ○​ Default: 200 ○​ Range: Integer (e.g., 100-400) ○​ Description: The period for the slower Exponential Moving Average used in the trend filter. The relationship between the fast and slow EMA determines if the market is in an uptrend (fast > slow) or downtrend (fast < slow). 🎨 Visual & UI Settings ●​ Show Info Dashboard ○​ Default: True ○​ Range: Boolean (True/False) ○​ Description: Toggles the visibility of the dashboard on the chart, which provides a summary of market trend and the last detected signal. ●​ Show Dashboard Tooltip ○​ Default: True ○​ Range: Boolean (True/False) ○​ Description: Toggles a reminder message in the dashboard to hover over signal labels for more detailed information. ●​ Show Delta Anomaly Bar Colors ○​ Default: True ○​ Range: Boolean (True/False) ○​ Description: Enables or disables the coloring of bars based on their delta direction and whether they represent a significant anomaly. ●​ Show Signal Labels ○​ Default: True ○​ Range: Boolean (True/False) ○​ Description: Controls the visibility of the “📈” or “📉” labels that appear on the chart when a delta anomaly signal is generated. 🔔 Alert Settings ​ Alert on Delta Anomaly ○​ Default: True ○​ Range: Boolean (True/False) ○​ Description: When enabled, this setting allows you to set up alerts in TradingView that will trigger whenever a new bullish or bearish delta anomaly is detected. ✅ Best Use Cases ​ Early Trend Reversal / Continuation Detection: Identify strong surges of buying/selling pressure at key support/resistance levels that could indicate a reversal or the continuation of a strong move. ●​ Confirmation of Breakouts: Use high-confidence delta anomalies to confirm the validity of price breakouts, indicating strong conviction behind the move. ●​ Entry and Exit Points: Pinpoint precise entry opportunities when anomalies align with your trading strategy, or identify potential exhaustion signals for exiting trades. ●​ Scalping and Day Trading: The indicator’s sensitivity to intraday buying/selling imbalances makes it highly effective for short-term trading strategies. ●​ Market Sentiment Analysis: Gain a real-time understanding of underlying market sentiment by observing the prevalence and strength of bullish vs. bearish anomalies. ⚠️ Limitations Estimated Delta: The script uses a simplified method to estimate delta based on bar close relative to its range, not actual order book or footprint data. While effective, it’s an approximation. ●​ Sensitivity to Z-Score Threshold: The effectiveness heavily relies on the `Delta Z-Score Anomaly Threshold`. Too low, and you’ll get many false positives; too high, and you might miss valid signals. ●​ Confirmation Criteria: The 4-star confidence level’s “confirmation” relies on specific subsequent bar conditions and previous confirmed signals, which might be too strict or specific for all contexts. ●​ Requires Context: While powerful, VFAS is best used in conjunction with other technical analysis tools and price action to form a comprehensive trading strategy. It is not a standalone “buy/sell” signal. 💡 What Makes This Unique Statistical Rigor: The application of Z-score analysis to bar delta provides an objective, statistically-driven way to identify true anomalies, moving beyond arbitrary thresholds. ●​ Multi-Factor Confidence Scoring: The unique 1-4 star confidence system integrates multiple market dynamics (volume, trend alignment, specific follow-through) into a single, easy-to-interpret rating. ●​ User-Friendly Design: From the intuitive dashboard to the detailed signal tooltips, the indicator prioritizes clear and accessible information for traders of all experience levels. 🔬 How It Works 1. Bar Delta Calculation: ●​ The script first estimates the “buy volume” and “sell volume” for each bar. This is done by assuming that volume proportional to the distance from the low to the close represents buying, and volume proportional to the distance from the high to the close represents selling. ●​ How this contributes: This provides a proxy for the net buying or selling pressure (delta) within that specific price bar, even without access to actual footprint data. 2. Volume & Delta Z-Score Analysis: ●​ The average volume over a user-defined lookback period is calculated. Bars with volume less than twice this average are generally considered of lower interest. ●​ The Z-score for the calculated bar delta is computed. The Z-score measures how many standard deviations the current bar’s delta is from its average delta over the `Minimum Volume Lookback` period. ●​ How this contributes: A high positive Z-score indicates a bullish delta anomaly (significantly more buying than usual), while a high negative Z-score indicates a bearish delta anomaly (significantly more selling than usual). This identifies statistically unusual levels of pressure. 3. Trend Filtering (Optional): ●​ Two Exponential Moving Averages (Fast and Slow EMA) are used to determine the prevailing market trend. An uptrend is identified when the Fast EMA is above the Slow EMA, and a downtrend when the Fast EMA is below the Slow EMA. ●​ How this contributes: If enabled, the indicator will only display bullish delta anomalies during an uptrend and bearish delta anomalies during a downtrend, helping to confirm signals within the broader market context and avoid counter-trend signals. 4. Signal Generation & Confidence Scoring: ●​ When a delta Z-score exceeds the user-defined anomaly threshold, a signal is generated. ●​ This signal is then passed through a multi-factor confidence algorithm (`f_calculateConfidence`). It awards stars based on: high volume presence, alignment with the overall trend (if enabled), and a fourth star for very strong Z-scores (above 3.0) combined with specific follow-through candle patterns after a cooling-off period from a previous confirmed signal. ●​ How this contributes: Provides a qualitative rating (1-4 stars) for each anomaly, allowing traders to quickly assess the potential significance and reliability of the signal. 💡 Note: The PhenLabs Volume Footprint Anomaly Scanner is a powerful analytical tool, but it’s crucial to understand that no indicator guarantees profit. Always backtest and forward-test the indicator settings on your chosen assets and timeframes. Consider integrating VFAS with your existing trading strategy, using its signals as confirmation for entries, exits, or trend bias. The Z-score threshold is highly customizable; lower values will yield more signals (including potential noise), while higher values will provide fewer but potentially higher-conviction signals. Adjust this parameter based on market volatility and your risk tolerance. Remember to combine statistical insights from VFAS with price action, support/resistance levels, and your overall market outlook for optimal results.
Pine Script® indicator
by PhenLabs
2
Elite 30 Min Pivot - by TenAM Trader.🔍 How It Works Trend Detection: A trend is defined when a configurable number (default: 3) of same-colored candles (green or red) appear in a row. The pivot is marked by the first opposite-color candle after the trend. Signal Logic: After the pivot forms, the script watches the next few candles (default: 2) for a breakout or close beyond the pivot high/low. A BUY signal is triggered when price breaks/closes above a pivot high from a downtrend. A SELL signal is triggered when price breaks/closes below a pivot low from an uptrend. Entry & Risk Tools: Optional features include: Pivot Line – dashed level showing pivot entry point. Stop Loss Line – opposite side of the pivot candle. Labels – toggle labels for clarity on entry and risk. Time Filter – exclude signals during specific hours (e.g. 11 AM–2 PM) to avoid lunchtime chop. Alerts: Enable alerts for automated notifications when buy or sell conditions are met. ⚙️ Customizable Settings Consecutive candles required before pivot Max bars allowed after pivot for signal Signal trigger: Break or Close Toggle visibility of pivot lines, stop loss, and labels Set excluded time blocks Enable/disable real-time alerts ✅ Use Case Example If you set trend length to 3 and signal trigger to “Break,” the script will look for 3 consecutive red candles, then a green candle (pivot). If price breaks above the pivot high within the next 2 candles, a Buy signal will fire. ⚠️ Legal Note This script is provided for educational and informational purposes only and does not constitute financial advice. Always do your own research before making trading decisions. Use at your own risk.
Pine Script® indicator
by TenAM_Trader
Intraday Bullish Scanner - Profit Ping📊 Intraday Bullish Scanner – Profit Ping Only This custom-built TradingView script identifies high-probability intraday BUY signals on the 15-minute chart, confirmed by volume, momentum, and price action. It uses: ✅ EMA 7/14 crossovers ✅ Bullish candlestick patterns (Engulfing, Piercing, etc.) ✅ Volume spikes above 20-MA ✅ RSI between 55–65 ✅ MACD histogram flip from red to green ✅ Cross-confirmation with the 30-minute trend Once in a trade, it activates a dynamic trailing stop (starting at 2%, tightening to 1% as profit and volume increase). SELL signals are confirmed only with: ❌ MACD turning red ❌ Bearish RSI movement or drop below 50 ❌ EMA 7 crossing below EMA 14 ❌ A bearish candlestick (Engulfing or Piercing) ❌ Volume spike on a red candle 💰 When all SELL conditions align, a yellow triangle appears. BUYs are marked with a white triangle. Alerts can be connected directly to Python/webhook systems for full automation with IBKR.
Pine Script® indicator
by mill6soon
MJBFX-Strategy (Futures Optimized)The MJBFX-Strategy is a complete market mapping tool designed to give traders a clear view of liquidity, session dynamics, and premium/discount levels. It loads automatically on any chart, fully optimized for futures and forex trading. 🔑 Key Features Asian Session Range Highlights the previous Asian session with a shaded box Fixed until London open for precise reference VWAP from Asian Session Plots the VWAP of the previous Asian session Dynamic fair value benchmark for intraday trading Liquidity Sweeps (Optimized) Detects sweeps of the Asian session high/low Shown only on 30m, 1h, and 4h charts to reduce noise Clean, minimal labels for clarity Automatic Fibonacci Zone Draws a shaded retracement zone (38.2%–61.8%) of the Asian range Transparent fill makes it easy to read price action Killzones Highlights London (07:00–10:00) and New York (13:00–16:00) killzones Semi-opaque shading to keep charts clean Auto Trade Box (Risk/Reward) On sweep confirmation, plots a 2R target box Auto stop loss and take profit levels based on futures tick size 🎯 Why Use It? The MJBFX-Strategy removes the need for manual drawing.It automatically maps: Session highs and lows Liquidity sweeps VWAP and fib retracement zones Key killzones Perfect for session-based intraday trading in both futures and forex. ⚡ No manual settings required.Just load it onto your chart for an instant institutional view of the market.
Pine Script® indicator
by MJB-FX
MJBFX VWAP WITH SIGNALSThe MJBFX VWAP Channel is a custom-built volume-weighted average price indicator designed around the MJBFX trading methodology. This tool tracks multiple rolling VWAPs anchored to a user-defined timeframe (default: 1H), then calculates percentile levels (Max, Upper, Median, Lower, Min) to create a dynamic channel. These levels act as key support and resistance zones that adapt to market conditions. 🔶 Features: Adjustable anchor period and VWAP count (up to 500 VWAPs) Percentile-based VWAP levels (Max, Upper, Median, Lower, Min) Customisable colours, widths, and line styles Optional gradient channel fills Anchor period highlights for session awareness MJBFX Branded Signals: 🟠 Buy – Triggered when price crosses above the lower VWAP (MJBFX Orange) ⚪ Sell – Triggered when price crosses below the upper VWAP (MJBFX Grey) Built-in alert conditions for automated trade notifications 🔶 How to Use: The VWAP channel provides a dynamic structure for intraday trading. Buy opportunities often occur when price sweeps below the lower band and reclaims it. Sell opportunities often occur when price sweeps above the upper band and rejects. Use in confluence with market structure, session timing, and your trading plan (e.g., MJB-FX Asian Sweep strategy).
Pine Script® indicator
by MJB-FX
3
Breakout + Retest StrategyThe Breakout + Retest Strategy is a proven price action approach used by professional traders to catch high-probability market moves after key levels are broken. This strategy aims to enter the market after confirmation — reducing false breakouts and improving entry accuracy. 🔍 Strategy Logic: Identify a Key Support or Resistance Level These could be recent swing highs/lows, consolidation zones, or session highs. Wait for a Clean Breakout Price must decisively break above resistance or below support with strong momentum. Watch for the Retest After the breakout, wait for the price to pull back to the broken level (now flipped support/resistance). Enter on Retest Confirmation Look for signs like rejection wicks, bullish/bearish engulfing candles, or strong volume on the retest. Set Risk-Managed Stops and Targets Stop loss goes below (for long) or above (for short) the retested level. Target is usually set at a 1:2 or higher risk-to-reward ratio, or based on structure. ✅ Why It Works: Filters out fake breakouts Uses market structure and liquidity traps to your advantage Combines both momentum and confirmation ⚙️ Best Timeframes: 15-minute to 1-hour for intraday setups 4-hour and daily for swing trades 📊 Ideal for: Futures (NQ, ES, Gold) Forex pairs Crypto Stocks near key earnings or breakout zones
Pine Script® indicator
by aaroncaine535
Divergence Indicator with Multi-Length Pivot DetectionThis Pine Script, titled “Divergence Indicator with Multi-Length Pivot Detection”, tool that detects both regular and hidden divergences between price action and an oscillator (defaulting to close, but configurable). It features multi-length pivot logic, angle-based validation, no-cross filtering, and OB/OS region filtering, making it a robust and precise divergence engine. Below is a detailed breakdown: ⸻ 🔧 Inputs and Configuration     •    osc_src: Oscillator source (e.g. close, RSI, MACD).     •    show_hidden: Toggles detection of hidden divergences.     •    min_*_angle settings: Control the minimum angle thresholds (in degrees) for confirming valid divergences (ensures momentum is strong enough).     •    validate_no_cross: Ensures oscillator and price slopes don’t “cross” the actual values (i.e. filters out invalid or messy trends).     •    oversold_level, overbought_level: Used when use_ob_os_filter is enabled to require oscillator to be in OS/OB zones for regular divergence.     •    min_div_length: Minimum distance in bars between previous and current pivot points. ⸻ 🔁 Internal Engine Mechanics 1. Pivot Detection Engine (Phase 1: Historical Memory)     •    For all combinations of left1 and right1 in the range :     •    Records all valid pivot lows and pivot highs.     •    Stores their:     •    bar index     •    price value     •    oscillator value This forms a “memory buffer” of past pivots that future price pivots are compared against. 2. Current Pivot Detection (Phase 2: Scanning)     •    Loops through larger pivot configurations (left2 ∈ , right2 = 1) to detect new current pivots.     •    For each new pivot, it compares against the historical pivots from phase 1. ⸻ 📐 Slope and Angle Calculation For each matching pivot pair (historical vs current):     •    Price and Oscillator Slopes are calculated via linear regression, producing:     •    price_angle     •    osc_angle     •    These are converted using math.atan() and math.todegrees() to get proper angular direction and intensity of trend. ⸻ 🧠 Divergence Logic ✅ Bullish Divergence     •    Regular Bullish: Price makes a lower low, oscillator makes a higher low.     •    Hidden Bullish: Price makes a higher low, oscillator makes a lower low.     •    Conditions:     •    Must meet minimum angle thresholds.     •    Optional: Must be in oversold region (osc_src < oversold_level).     •    If validate_no_cross is enabled, linearly interpolated slope must not be violated. ✅ Bearish Divergence     •    Regular Bearish: Price makes a higher high, oscillator makes a lower high.     •    Hidden Bearish: Price makes a lower high, oscillator makes a higher high.     •    Conditions mirror the bullish case (with polarity reversed). ⸻ 🖍️ Visualization     •    Draws colored lines between pivots for visual clarity:     •    Green: Regular Bullish     •    Lime: Hidden Bullish     •    Red: Regular Bearish     •    Maroon: Hidden Bearish     •    Uses plotshape() to mark divergence bars:     •    Triangle-up for bullish     •    Triangle-down for bearish The lines and shapes help quickly identify divergence zones with strong momentum structure. ⸻ 🧪 Filtering Enhancements     •    No Cross Slope Filter: Checks that oscillator and price values stay above/below their respective slope lines throughout the interval.     •    OB/OS Filter: Restricts divergence signals to occur only in oversold/overbought conditions for regular divergences.     •    Signal Thinning: Keeps line count to 100 using array.shift() and line.delete(). ⸻ 🧬 Design Philosophy     •    Built to mimic institutional-grade divergence detection, avoiding common false positives.     •    Uses adaptive pivots, rigorous angle validation, and noise filtering.
Pine Script® indicator
by Cmo22
3
Futures Trade Entry Indicator (MTF)Work in Progress with the help of Claude. Not ready for active trading. Public for help improving. This will be a multi-timeframe futures trading indicator with supply/demand zones, Fair Value Gaps (FVGs), and sophisticated entry/exit logic.I've created a comprehensive Pine Script v6 indicator that matches all your specifications! Here's what the script includes: ## **Key Features Implemented:** ### **🔄 Multi-Timeframe Logic** - **1H Chart Data**: Detects Supply Zones, Demand Zones, and Fair Value Gaps - **Current Timeframe**: Monitors for re-entry and confirmation signals ### **📊 Zone Detection** - **Supply Zones**: Identified using pivot highs with configurable strength - **Demand Zones**: Identified using pivot lows with touch validation - **Fair Value Gaps**: Both bullish and bearish FVGs detected automatically - **Auto-Expiry**: Zones expire after 24 hours (configurable) ### **⚡ Entry Logic** - **Dual Confirmation Required**: - ✅ Engulfing candle pattern (bullish/bearish) - ✅ Market structure shift (HH→LL or LL→HH) - **Zone Re-entry**: Price must be within identified zones/FVGs ### **🎯 Probability System** - **Smart Scoring**: Based on zone age, strength, and risk/reward ratio - **Color-Coded**: Green (High), Yellow (Medium), Red (Low) - **Real-time Calculation**: Updates with each potential entry ### **🎨 Visual Elements** - **Colored Zones**: Supply (red), Demand (green), FVGs (blue/orange) - **Entry Labels**: 🟩 LONG / 🟥 SHORT markers - **Probability Labels**: Display confidence levels - **Confirmation Shapes**: Triangle indicators for pattern completion ### **⚙️ Manual Controls** All the requested toggles are available in the settings panel: - Show/Hide Supply Zones - Show/Hide Demand Zones - Show/Hide FVGs - Show/Hide Labels - Show/Hide Probability - Zone strength and expiry settings - Custom colors for all elements ### **🔔 Alert System** - Entry opportunity alerts - Includes probability assessment - Ticker symbol identification ## **Usage Instructions:** 1. **Apply to 15m chart** for active trading signals 2. **Configure settings** based on your preferences 3. **Set up alerts** for automated notifications 4. **Monitor probability levels** for trade quality assessment The script automatically handles the complex multi-timeframe analysis while keeping the interface clean and user-friendly. All zones update dynamically and expire appropriately to avoid clutter. Would you like me to adjust any specific parameters or add additional features?
Pine Script® indicator
by A_warrior
1
IFVG ExtendedThis indicator identifies and visualizes "Imbalance Fair Value Gaps" (IFVGs) on a price chart. It highlights these gaps, tracks their evolution, and signals when they are "filled" or "invalidated" by price action. The script is quite advanced, using custom types, arrays, and dynamic drawing. 1. Types and Variables Custom Types: lab: Stores label information (x, y, direction). fvg: Stores Fair Value Gap data, including its boundaries, direction, state, labels, and other properties. Arrays: Four arrays track bullish and bearish FVGs, and their "invalidated" (filled) versions. Signals: Boolean variables to store if a bullish or bearish signal is triggered. 2. User Inputs and Parameters Display Settings: How many recent FVGs to show, signal preference (close or wick), ATR multiplier for gap size filtering, and colors for bullish/bearish/midline. 3. Chart Data Price Data: Open, high, low, close, and ATR (Average True Range) are stored for use in calculations. 4. Functions label_maker: Draws an up or down arrow label at a given point, colored for bullish or bearish. fvg_manage: Checks if any FVGs in the array have been "invalidated" (i.e., price has crossed their boundary). If so, moves them to the invalidated array. inv_manage: Manages invalidated FVGs, checking if a signal should be fired (i.e., price has reacted to the gap). Also removes old FVGs. send_it: Draws the FVGs and their labels on the chart, using boxes and lines for visualization. 5. Main Logic and Visualization FVG Detection: On each bar, checks for new bullish or bearish FVGs based on price action and ATR filter. Adds new FVGs to the appropriate array. FVG Management: Updates the arrays, moves invalidated FVGs, and checks for signals. Drawing: On the last bar, clears all previous drawings and redraws the current FVGs and their labels. 6. Alerts Alert Conditions: Sets up alerts for when a bullish or bearish IFVG signal is triggered, so users can be notified. Summary In short: This script automatically finds and tracks "Imbalance Fair Value Gaps" on your chart, highlights them, and alerts you when price interacts with them in a significant way. It uses advanced Pine Script features to manage and visualize these zones dynamically, helping traders spot potential reversal or continuation points based on gap theory
Pine Script® indicator
by Fent-calaix
Twin Range Filter – Buy/Sell SignalsThe Twin Range Filter is a trend-following indicator that combines two adaptive volatility filters to identify potential market reversals and trend continuations. It uses two configurable smoothing periods (fast and slow) to calculate a dynamic range around price, filtering out market noise and highlighting meaningful shifts in direction. This indicator plots BUY and SELL signals based on price action in relation to the range filter, as well as internal trend conditions. ✅ How It Works: Long Signal (BUY) is triggered when: Price is above the filtered range (showing strength), and Short-term upward momentum is confirmed. Short Signal (SELL) is triggered when: Price is below the filtered range (showing weakness), and Short-term downward momentum is confirmed. The signals are highlighted using green "Long" and red "Short" labels on the chart. Background colors reinforce the current directional bias. 🔔 Alerts: Long Signal – A new BUY condition has been detected. Short Signal – A new SELL condition has been detected. 📌 Use Cases: Entry timing for swing or intraday trades Trend confirmation filter Signal generator in automated strategies (when paired with a strategy script)
Pine Script® indicator
by Mr-MT369
9
Elliott Wave Probability System Pro v2🎯 Major Improvements Made to Elliott Wave Script Key Changes: 1. Advanced Trend Detection (Lines 55-82) Uses 5 different methods to determine trend over last 75 bars: Price position in range Linear regression slope Moving average alignment Higher highs/lows pattern Up vs down bar count Combines all methods into a trendScore for accurate direction 2. Adaptive Target Direction New input: adaptiveTargets (line 28) - can toggle on/off When ON: Targets follow the 75-bar trend regardless of short-term indicators When OFF: Works like original (based on current momentum) 3. Improved Target Calculation Bullish targets use extensions from current price to recent high Bearish targets use retracements from current price to recent low More realistic price levels based on actual market structure 4. Enhanced Status Display Added "Trend (75 bars)" row showing BULLISH/BEARISH/NEUTRAL Helps you see why targets are pointing a certain direction 5. Better Probability Calculation Base probability adjusts with trend strength (70% if strong trend, 50% if not) Gradual probability decay with distance Minimum 15% probability (more realistic than 10%) New Features: Trend-Based Alerts Alerts when 75-bar trend changes from bullish to bearish (or vice versa) Trend Weight in Scoring Added trendWeight to the total score calculation Makes signals more aligned with larger trend Visual Improvements Projection lines now show at 40% probability (was 50%) Better visibility of likely targets How It Works Now: If last 75 bars show a downtrend , targets will be bearish (even if RSI is oversold) If last 75 bars show an uptrend , targets will be bullish (even if RSI is overbought) The probability adjusts based on trend strength This solves the issue where the script was showing bullish targets in a clear downtrend. Now it properly reflects the dominant trend direction while still considering short-term indicators for probability calculations.
Pine Script® indicator
by WhiteHuracan
2