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⚡ Hybrid Zero-Lag SuperTrend + Strength + Compression⚡ Hybrid Zero-Lag SuperTrend — Ultra-Early Trend Detection for Pro Traders The Hybrid Zero-Lag SuperTrend is a next-generation trend engine built for traders who demand speed, accuracy, and clean signals. By combining Ehlers Zero-Lag smoothing, adaptive ATR bands, trend-strength scoring, and compression detection, this tool delivers trend flips 50–70% earlier than classic SuperTrend while filtering out noise and chop. Perfect for scalpers, intraday traders, and high-volatility markets (NVDA, TSLA, NQ, ES, BTC). Key Features • Zero-Lag SuperTrend — reacts instantly to price shifts • Trend Strength Score (0–100) — identifies strong vs weak trend conditions • Compression Detection — highlights breakout zones before the move happens • Hybrid Labels (last 10 only) — 📈 Strong Buy, 📉 Strong Sell, 🟡 Weak Trend, ⚪ Compression • Adaptive Volatility Bands — tighten during consolidation, widen during expansion • Neon trend heatmap — clean visual confirmation without lag This indicator is engineered for fast markets, early entries, confident exits, and superior trend validation. If you scalp or trade intraday momentum, this tool instantly becomes one of the most powerful signals on your chart.
Pine Script® indicator
by MomentumCraft_
Structural Liquidity ZonesTitle: Structural Liquidity Zones Description: This script is a technical analysis system designed to map market structure (Liquidity) using dynamic, volatility-adjusted zones, while offering an optional Trend Confluence filter to assist with trade timing. Concept & Originality: Standard support and resistance indicators often clutter the chart with historical lines that are no longer relevant. This script solves that issue by utilizing Pine Script Arrays and User-Defined Types to manage the "Lifecycle" of a zone. It automatically detects when a structure is broken by price action and removes it from the chart, ensuring traders only see valid, fresh levels. By combining this structural mapping with an optional EMA Trend Filter, the script serves as a complete "Confluence System," helping traders answer both "Where to trade?" (Structure) and "When to trade?" (Trend). Key Features: 1. Dynamic Structure (The Array Engine) Pivot Logic: The script identifies major turning points using a customizable lookback period. Volatility Zones: Instead of thin lines, zones are projected using the ATR (Average True Range). This creates a "breathing room" for price, visualizing potential invalidation areas. Active Management: The script maintains a memory of active zones. As new bars form, the zones extend forward. If price closes beyond a zone, the script's garbage collection logic removes the level, keeping the chart clean. 2. Trend Confluence (Optional) EMA System: Includes a Fast (9) and Slow (21) Exponential Moving Average module. Signals: Visual Buy/Sell labels appear on crossover events. Purpose: This allows for "Filter-based Trading." For example, a trader can choose to take a "Buy" bounce from a Support Zone only if the EMA Trend is also bullish. Settings: Structure Lookback: Controls the sensitivity of the pivot detection. Max Active Zones: Limits the number of lines to optimize performance. ATR Settings: Adjusts the width of the zones based on volatility. Enable Trend Filter: Toggles the EMA lines and signals on/off. Usage: This tool is intended for structural analysis and educational purposes. It visualizes the relationship between price action pivots and momentum trends.
Pine Script® indicator
by siddarth_banakar3
3
Second chartThis is a trend-following momentum confirmation indicator designed to filter trades in the direction of the dominant trend while timing entries using RSI momentum shifts. Best suited for: ✅ Forex & Crypto ✅ 5m – 1H timeframes ✅ Trend continuation strategies ⚙ Inputs Explained ▸ Trend MA Length Controls the EMA trend filter Lower value (20–30) → faster, more signals Higher value (50–100) → slower, stronger trend filter ▸ RSI Length Controls responsiveness of momentum Standard setting: 14 Lower → aggressive entries Higher → conservative entries ▸ Show Buy/Sell Signals ON → Displays BUY/SELL labels OFF → Hides all trade signals ▸ Trend Background ON → Green = Bullish / Red = Bearish OFF → Clean chart mode 🧠 Signal Logic Breakdown
Pine Script® indicator
by vahidfrb
Rubotics BolleWilly Rubotics BolleWilly Signal Engine (Rubots BW) This closed-source system fuses volatility expansion, band-reversion patterns, and Williams %R momentum shifts into a unified signal engine. Instead of merely combining common indicators, the BolleWilly model creates a custom interaction between Bollinger Band pressure and momentum exhaustion, allowing traders to identify potential reversal points directly on the price chart. This is a signal model, not a full strategy, and is intended for discretionary use or as a modular input inside automated systems such as the Rubotics EA. Core Components and Unique Features Volatility Compression & Expansion (Bollinger Logic) The indicator detects when price pushes outside the Bollinger structure and then snaps back inside. This volatility expansion → reversion behavior acts as the foundational “energy release” condition for the system. Williams %R Momentum Module The script measures Williams %R and an EMA-smoothed version of it. A valid signal requires: * A %R crossover through its EMA * A clear momentum reversal confirmation * Proper alignment with the band-reversion condition This filters out weak band touches and focuses on genuine directional shifts. Band-Breach Lookback Window A configurable lookback (default: 1 bar) verifies whether nearby candles breached the upper or lower Bollinger Band. This ensures signals only occur after actual volatility expansion, not random drift. Optional Candle Confirmation You can require: * Bullish candle for Buy signals * Bearish candle for Sell signals This helps remove signals during indecisive or doji-like bars. Optional WaveTrend Exhaustion Filter An additional WT2 layer (disabled by default) can be activated to confirm true exhaustion zones: * WT oversold → allow long signals * WT overbought → allow short signals This strengthens signal quality in choppy or extended markets. Signal Generation A Buy signal requires: 1. Price re-enters the Bollinger structure after breaching below 2. Williams %R crosses upward through its EMA 3. (Optional) Candle is bullish 4. (Optional) WT2 confirms oversold exhaustion 5. Location is inside the volatility envelope A Sell signal requires the mirrored conditions. Signals appear as chart-based arrows and can be used for EA integration, discretionary confirmation, or execution filters. Customization and Originality * Every component (Bands, %R, EMA smoothing, WT filters, candle rules, lookback logic) is user-adjustable * You can enable/disable entire modules to tune the model for different markets * The logic is not a mash-up; it’s a sequenced interaction of volatility, momentum, and exhaustion filtering * This makes the BolleWilly system fundamentally different from standard indicators Closed-Source Justification This script uses proprietary logic for its reversal-detection process and multi-layered filter sequencing. Although the description fully explains how the concepts work, the underlying implementation remains part of the internal Rubotics framework — therefore the script is closed-source in accordance with TradingView rules. This tool is not financial advice and is provided strictly for analytical and educational purposes.
Pine Script® indicator
by Rubotics
DMI_HMA Oscillator Smoothed by HMA v2The script provided, titled "DMI_HMA Oscillator Smoothed by HMA v2," is a technical analysis tool written in Pine Script (Version 6) for the TradingView platform. It represents a hybrid approach to momentum trading, combining the directional insight of the Directional Movement Index (DMI) with the noise-reduction capabilities of the Hull Moving Average (HMA). The purpose of this indicator is to provide a cleaner, lag-reduced view of market trend strength and direction, filtering out the erratic noise often associated with raw DMI readings. Using this indicator is highly appropriate for traders who struggle with the "noise" of standard momentum indicators but cannot afford the delay of traditional smoothing. Noise Reduction: Standard DMI crossovers can trigger frequently in sideways markets. The HMA smoothing suppresses these minor fluctuations, helping traders stay in a trade longer without being shaken out by temporary volatility. Lag Management: Most smoothing techniques (like SMA or EMA) introduce significant lag, making signals arrive too late. The HMA is specifically designed to minimize this, making it an excellent choice for a leading indicator like DMI. Clarity: By converting the two-line DMI system into a single oscillator relative to a zero line, the visual complexity is reduced. A trader simply needs to observe if the teal line is above or below the gray dashed zero line. Conclusion: The DMI_HMA Oscillator is a sophisticated yet elegant tool. It effectively addresses the primary weakness of the standard DMI (noise) without sacrificing its primary strength (responsiveness). It is best used as a trend-confirmation tool in conjunction with price action analysis, serving as a reliable filter for determining the prevailing market bias.
Pine Script® indicator
by vlenarcic
Probabilistic Panel - COMPLETE VERSION 📘 Probabilistic Panel — User Manual (English Translation) ________________________________________ INTRODUCTION The Probabilistic Panel is an advanced TradingView indicator that merges multiple technical-analysis components to provide a probabilistic evaluation of market direction. It is composed of several sections that assess trend, volume, price zones, support and resistance, multiple timeframes, and candle distribution. ________________________________________ PANEL STRUCTURE 1. HEADER • PROBABILISTIC PANEL: Indicator name. • FULL VERSION: Indicates that all functionalities are enabled. ________________________________________ 2. GENERAL INFORMATION • ASSET: Displays the asset symbol being analyzed. • LIMITS: Shows score thresholds for classifying setups (A+, B, C). ________________________________________ 3. DIRECTION PROBABILITIES • PROB: Displays probability of upward movement (upPct) and downward movement (downPct) in percentage. o Importance: Indicates the direction with the highest probability based on weighted factors. ________________________________________ 4. CONTINUATION BIAS • BIAS: Shows the probability of continuation of the current trend (intrProbCont). o Importance: Evaluates whether the market is likely to continue in the same direction. ________________________________________ 5. MULTI-TIMEFRAME ANALYSIS (MTF) • MTF: Shows trend direction across multiple timeframes (1D, 1H, 15M, 5M, 1M) using arrows (↑ uptrend, ↓ downtrend, → sideways). o Importance: Helps identify convergence or divergence between timeframes. • ALIGNED MTF: Displays the percentage of alignment between timeframes. o Importance: Higher alignment indicates stronger trends. ________________________________________ 6. VOLUME • VOLUME: Indicates whether volume is “INCREASING”, “DECREASING”, or “STABLE.” o Importance: Increasing volume confirms trend strength. ________________________________________ 7. TECHNICAL INDICATORS • RSI/ROC: Displays RSI (Relative Strength Index) and ROC (Rate of Change). o Importance:  RSI > 65 → Overbought  RSI < 35 → Oversold  ROC → Momentum strength indicator ________________________________________ 8. PRICE ZONE • ZONE: Classifies current price as “PREMIUM” (above average), “DISCOUNT” (below average), or “EQUILIBRIUM.” o Importance: Helps identify buying/selling opportunities based on mean-reversion logic. ________________________________________ 9. CANDLE ANALYSIS • AMPLITUDE: Shows current candle size in percentage and ticks. o Importance: Candles above minimum amplitude threshold are considered trade-valid. • FORMATION: Classifies candle as: o HIGH INDECISION o TOP REJECTION o BOTTOM REJECTION o CONVICTION o MIXED o Importance: Reflects market sentiment and psychology. • WICKS: Displays upper and lower wick size in percentage. o Importance: Longer wicks suggest rejection or indecision. • RATIO: Ratio between total wick size and candle body. o Importance: High ratio = indecision; low ratio = conviction. ________________________________________ 10. TRENDS • AMPLITUDE TREND: Indicates if amplitude is “INCREASING,” “DECREASING,” or “STABLE.” o Importance: Increasing amplitude may signal rising volatility. • CONVICTION TREND: Indicates recent candle conviction: o STRONG UP o STRONG DOWN o INDECISIVE o MIXED o Importance: Measures the strength of recent candles. ________________________________________ 11. PROBABILITY DIFFERENCE (DIF PROB) • Shows the percentage difference between upward and downward probabilities, classified as: o EXCELLENT: Very favorable o GOOD: Significant o MEDIUM: Moderate (avoid entering) o MARKET LOSING STRENGTH: Small difference (avoid entering) o UNSTABLE MARKET: Very small difference (do not trade) o Importance: Higher difference = more directional clarity. ________________________________________ 12. CONFIRMATIONS • Shows how many consecutive confirmations of the current signal were achieved relative to the configured requirement. o Importance: More confirmations increase reliability. ________________________________________ 13. SCORE & CLASSIFICATION • SCORE: Final score from 0 to 100, calculated based on multiple factors. o Higher scores = better setups. • CLASSIFICATION: Setup categorized as: o A+ SETUP o B SETUP o C SETUP o DO NOT TRADE o Importance: Defines whether conditions are favorable. ________________________________________ 14. ACTION • ACTION: Suggests “BUY,” “SELL,” or “WAIT.” o Importance: Final actionable signal. ________________________________________ DECISION LOGIC The indicator uses a weighted combination of multiple factors: 1. Trend (wTrend): Based on the price relative to EMA50. 2. Volume (wVol): Based on recent volume vs. its average. 3. Zone (wZona): Based on price position within recent price range. 4. Support/Resistance (wSR): Based on strength of S/R levels. 5. MTF (wMTF): Timeframe alignment. 6. Distribution (wDist): Distribution of bullish, bearish, and neutral candles. The final score integrates: • Probability of upward movement • Continuation bias • MTF conflict • Moving-average alignment • Volume • Extreme RSI conditions ________________________________________ FALSE-SIGNAL FILTERS • Close-Only Mode: Updates calculations only on candle close. • Minimum Candle Size: Ignores very small candles. • Consecutive Confirmations: Requires repeated signal confirmation. • Minimum Probability Difference: Enforces a minimum separation between bullish and bearish probabilities. ________________________________________ CONCLUSION The Probabilistic Panel is a comprehensive tool that integrates multiple technical-analysis dimensions to deliver more reliable trading signals. Parameters must be adjusted according to the asset and timeframe. Remember: no indicator is infallible. Always combine it with risk management and additional confirmations.
Pine Script® indicator
by pf0210
Probabilistic Panel - COMPLETE VERSION📘 Probabilistic Panel — User Manual ________________________________________ INTRODUCTION The Probabilistic Panel is an advanced TradingView indicator that merges multiple technical-analysis components to provide a probabilistic evaluation of market direction. It is composed of several sections that assess trend, volume, price zones, support and resistance, multiple timeframes, and candle distribution. ________________________________________ PANEL STRUCTURE 1. HEADER • PROBABILISTIC PANEL: Indicator name. • FULL VERSION: Indicates that all functionalities are enabled. ________________________________________ 2. GENERAL INFORMATION • ASSET: Displays the asset symbol being analyzed. • LIMITS: Shows score thresholds for classifying setups (A+, B, C). ________________________________________ 3. DIRECTION PROBABILITIES • PROB: Displays probability of upward movement (upPct) and downward movement (downPct) in percentage. o Importance: Indicates the direction with the highest probability based on weighted factors. ________________________________________ 4. CONTINUATION BIAS • BIAS: Shows the probability of continuation of the current trend (intrProbCont). o Importance: Evaluates whether the market is likely to continue in the same direction. ________________________________________ 5. MULTI-TIMEFRAME ANALYSIS (MTF) • MTF: Shows trend direction across multiple timeframes (1D, 1H, 15M, 5M, 1M) using arrows (↑ uptrend, ↓ downtrend, → sideways). o Importance: Helps identify convergence or divergence between timeframes. • ALIGNED MTF: Displays the percentage of alignment between timeframes. o Importance: Higher alignment indicates stronger trends. ________________________________________ 6. VOLUME • VOLUME: Indicates whether volume is “INCREASING”, “DECREASING”, or “STABLE.” o Importance: Increasing volume confirms trend strength. ________________________________________ 7. TECHNICAL INDICATORS • RSI/ROC: Displays RSI (Relative Strength Index) and ROC (Rate of Change). o Importance:  RSI > 65 → Overbought  RSI < 35 → Oversold  ROC → Momentum strength indicator ________________________________________ 8. PRICE ZONE • ZONE: Classifies current price as “PREMIUM” (above average), “DISCOUNT” (below average), or “EQUILIBRIUM.” o Importance: Helps identify buying/selling opportunities based on mean-reversion logic. ________________________________________ 9. CANDLE ANALYSIS • AMPLITUDE: Shows current candle size in percentage and ticks. o Importance: Candles above minimum amplitude threshold are considered trade-valid. • FORMATION: Classifies candle as: o HIGH INDECISION o TOP REJECTION o BOTTOM REJECTION o CONVICTION o MIXED o Importance: Reflects market sentiment and psychology. • WICKS: Displays upper and lower wick size in percentage. o Importance: Longer wicks suggest rejection or indecision. • RATIO: Ratio between total wick size and candle body. o Importance: High ratio = indecision; low ratio = conviction. ________________________________________ 10. TRENDS • AMPLITUDE TREND: Indicates if amplitude is “INCREASING,” “DECREASING,” or “STABLE.” o Importance: Increasing amplitude may signal rising volatility. • CONVICTION TREND: Indicates recent candle conviction: o STRONG UP o STRONG DOWN o INDECISIVE o MIXED o Importance: Measures the strength of recent candles. ________________________________________ 11. PROBABILITY DIFFERENCE (DIF PROB) • Shows the percentage difference between upward and downward probabilities, classified as: o EXCELLENT: Very favorable o GOOD: Significant o MEDIUM: Moderate (avoid entering) o MARKET LOSING STRENGTH: Small difference (avoid entering) o UNSTABLE MARKET: Very small difference (do not trade) o Importance: Higher difference = more directional clarity. ________________________________________ 12. CONFIRMATIONS • Shows how many consecutive confirmations of the current signal were achieved relative to the configured requirement. o Importance: More confirmations increase reliability. ________________________________________ 13. SCORE & CLASSIFICATION • SCORE: Final score from 0 to 100, calculated based on multiple factors. o Higher scores = better setups. • CLASSIFICATION: Setup categorized as: o A+ SETUP o B SETUP o C SETUP o DO NOT TRADE o Importance: Defines whether conditions are favorable. ________________________________________ 14. ACTION • ACTION: Suggests “BUY,” “SELL,” or “WAIT.” o Importance: Final actionable signal. ________________________________________ DECISION LOGIC The indicator uses a weighted combination of multiple factors: 1. Trend (wTrend): Based on the price relative to EMA50. 2. Volume (wVol): Based on recent volume vs. its average. 3. Zone (wZona): Based on price position within recent price range. 4. Support/Resistance (wSR): Based on strength of S/R levels. 5. MTF (wMTF): Timeframe alignment. 6. Distribution (wDist): Distribution of bullish, bearish, and neutral candles. The final score integrates: • Probability of upward movement • Continuation bias • MTF conflict • Moving-average alignment • Volume • Extreme RSI conditions ________________________________________ FALSE-SIGNAL FILTERS • Close-Only Mode: Updates calculations only on candle close. • Minimum Candle Size: Ignores very small candles. • Consecutive Confirmations: Requires repeated signal confirmation. • Minimum Probability Difference: Enforces a minimum separation between bullish and bearish probabilities. ________________________________________ CONCLUSION The Probabilistic Panel is a comprehensive tool that integrates multiple technical-analysis dimensions to deliver more reliable trading signals. Parameters must be adjusted according to the asset and timeframe. Remember: no indicator is infallible. Always combine it with risk management and additional confirmations.
Pine Script® indicator
by pf0210
US & EU Banking Basket Analysis (Dual Sentiment + Forecast) betaThis is “THE BANKING DECISION ENGINE”. Some say "'Banks lead the way'" (As always use in combination with other trading instruments and market awareness information). US & EU Banking Basket Analysis (Dual Sentiment + Forecast) One indicator for the big banking sector! – both sides of the Atlantic – just add to your chart. WHAT IT DOES • Pulls live data from 14 major US and EU banks (JPM, BAC, GS, HSBC, Santander, Deutsche Bank, ING, Barclays etc.) • Instantly compares strength/weakness between American and European banking sectors • Shows you TWO separate real-time sentiment lines on your chart: • Blue/Purple line = US banking sentiment • Green/Red line = European banking sentiment • Combines moving-average momentum, volume + RSI confirmation, major indices (DJI, SPX, NASDAQ, DAX), DXY direction, and ultra-fast 1-second “Volatility Pulse” technology • Gives you forward-looking tools so you’re not just reacting:
→ Statistical price prediction cloud (looks back 200 bars for similar sentiment situations and shows the average outcome) → Purple prediction bar + exact target price (shows where price is expected to be N bars ahead) → 15-minute “Pulse Forecast” dotted line (second-beat momentum projection) → Optional EUR/USD forecast line when on EUR/USD chart (because currency moves the banks hard) ──────────────────────── VISUAL ENHANCEMENTS YOU GET • Clean split sentiment lines that never overlap (zoom-proof) • Glowing fill + permanent “US” / “EU” tags • Tiny bar labels (EUs / USm etc.) showing exactly how many banks are firing buy/sell right now • Full banking watchlist table (top-right) with live prices, % change and instant signals • Major index ticker (DJI, SPX, NASDAQ, DAX) with exploding alerts • Supply/demand zones, previous daily range, high-volume “V” signals and more ──────────────────────── PERFECT FOR • Trading any bank stock (US or EU) • Trading XLF, KBE, EUFN or banking ETFs • Trading EUR/USD while watching how the banking sector reacts • Scalping, intraday, swing – works from 1-minute up to daily One indicator. Both continents. Zero clutter. Maximum edge. (Works on any chart: apply it to JPM, SAN, EURUSD, SPX… it auto-detects the region and adjusts) Ready when you are. Let’s go banking. 🚀 “Carefully and responsibly of course”. Quick Guide to What You’re Seeing on the Chart Dual Sentiment Lines (the two thick glowing lines in the middle of the screen) • Upper line (Blue → Purple → Orange) → US banking sector sentiment • Bright purple = strong US bullish • Light blue-purple = moderate/mild US bullish • Orange = bearish US sentiment • Lower line (Green → Lime → Red) → European banking sector sentiment • Lime/green = strong EU bullish • Darker green = moderate EU bullish • Red = bearish EU sentiment
These two lines are deliberately split vertically so they never cross or confuse each other, no matter how much you zoom. Tiny labels on the candles (EUs, USm, EUw, etc.) • Show exactly how many banks in each region are flashing buy or sell right now • “7 EUs” = all 7 European banks are strong buy • “4 USm” = 4 US banks are medium-strength buy • Appear only when the “Show Bar/Plot Labels” toggle is on Purple vertical bar on the far right + label • Your statistical price target (default 5 bars ahead) • Box height = expected price move • Label shows exact target price + % average historical move (or “Fallback” if using sentiment-based projection) Faint cloud in front of the current price • Prediction cloud showing the probable price zone in the next few bars • Green cloud = historically price went up from similar sentiment • Red cloud = historically price went down Dotted horizontal line + target label • Daily barometer – shows the exact same statistical target as the purple bar, just drawn as a line for cleaner view White dotted line (15-minute Pulse Forecast) • Ultra-short-term momentum projection (usually 10-30 min ahead) based on 1-second “pulse” data from all major indices • Appears only when the pulse is strong enough Top-right table • Live watchlist of all 14 banks + instant signal summary • Green/red dot = volume+RSI confirmation • S Buy / M Buy / W Buy etc. = MA-based signal strength Bottom-center index ticker • Real-time % change of DJI, S&P 500, NASDAQ, DAX • !!! / !! / ! = explosion alerts (bigger move = more exclamation marks) Other helpful layers (toggle on/off in settings) • Previous day’s high/low range (teal shaded area) • Supply/demand zones (green/red boxes) • High-volume “V” markers • DXY (USD strength) arrows Like a masterpiece. Not just another isolated chart indicator. Final note: Trading instruments such as this consist of historical data behind the current seconds and minutes, therefore do not guarantee prediction, forecast profit results or guarantee protection from financial losses such as in whipsaw downturns in long positions or whipsaw market swings in short positions. This decision engine is intended for use in combination with user discretion.
Pine Script® indicator
by Magnificent_Indicators
Momentum Grid 2.1 + Top Stocks📊 MOMENTUM GRID 2.1 + TOP STOCKS Overview A multi-timeframe confirmation system specifically designed for NIFTY 50 and BANK NIFTY index options trading. This script combines 8 independent technical indicators into a weighted scoring model to generate high-probability CE (Call) and PE (Put) signals, while simultaneously tracking the top 5 constituent stocks for sector-wide momentum validation. ________________________________________ 🎯 Core Methodology 1. 8-Factor Confirmation System Unlike traditional single-indicator approaches, this script requires multiple confirmations before generating signals. Each factor votes independently: Trend Alignment (3 votes): • C1: Price above/below EMA 9 (immediate trend) • C2: EMA 9 above/below EMA 20 (short-term momentum) • C3: EMA 20 above/below EMA 50 (intermediate trend) Oscillator Confirmation (3 votes): • C4: RSI above/below 50 (momentum strength) • C5: Stochastic K above/below D (entry timing) • C6: MACD Histogram positive/negative (momentum direction) Advanced Momentum (2 votes): • C7: Parabolic SAR position (trend continuation) • C8: Squeeze Momentum direction (volatility expansion) Mathematical Logic: Bullish Score = C1 + C2 + C3 + C4 + C5 + C6 + C7 + C8 Signal Triggered when Score ≥ Threshold (default: 5/8) Why This Works: By requiring 5+ confirmations, the script filters out false signals that occur when only 1-2 indicators align by chance. This dramatically reduces whipsaws in choppy markets. ________________________________________ 📈 Constituent Stock Analysis System Real-Time Top 5 Stocks Tracking The script fetches live data from the most heavily-weighted stocks in the selected index: NIFTY 50 Constituents: • Reliance Industries • HDFC Bank • Infosys • ICICI Bank • TCS BANK NIFTY Constituents: • HDFC Bank • ICICI Bank • Kotak Mahindra Bank • State Bank of India • Axis Bank Stock Scoring Algorithm (0-6 Scale): For each stock, the script calculates a momentum score based on: 1. Price vs EMA 9 position 2. EMA 9 vs EMA 20 relationship 3. EMA 20 vs EMA 50 hierarchy 4. RSI above/below 50 5. MACD histogram direction 6. Intraday price change direction Signal Interpretation: • 🚀🔥 Strong Bullish: Score ≥5 + Day Change >0.5% • ⚠️❄️ Strong Bearish: Score ≤1 + Day Change <-0.5% • 📈 Moderate Bullish: Score ≥3 + Positive change • 📉 Moderate Bearish: Score ≤3 + Negative change Why Track Constituents? Index options are a weighted average of their components. When 4 out of 5 top stocks show strong bullish signals but the index signal is neutral, it indicates: • Sector rotation is happening • Underlying strength not yet reflected in index • Early warning for potential index breakout ________________________________________ 🎨 Visual Dashboard System 1. Main Momentum Grid (Middle Right) Real-time status of all 8 confirmation factors: • Individual indicator values • Bullish/Bearish status per indicator • Cumulative Bull Score and Bear Score • Visual color coding (Green = Bullish, Red = Bearish) 2. Top Stocks Status Panel (Top Right) Live tracking table showing: • LTP (Last Traded Price): Current stock price • Day Change %: Intraday movement from open • Status: Overall bullish/bearish trend • EMA Status: Position relative to EMA 9 • Signal Emoji: Visual strength indicator 3. Scenario Guide (Bottom Right) Auto-calculates trade parameters based on current signal: • Side: CE (Call) or PE (Put) recommendation • Strike Reference: Current index price • Trigger Level: Entry confirmation level (high/low of signal bar) • Risk Limit: Stop loss using 1.5x ATR • Price Objective: Target using 2.5x ATR ATR-Based Risk Management: Average True Range (14-period) adapts stop-loss and targets to current volatility, ensuring consistent risk-reward ratios across different market conditions. ________________________________________ 🚨 Signal Generation Logic CE (Call) Signal Triggers When: 1. Bullish Score ≥ Threshold (5/8 default) 2. Previous bar Bullish Score < Threshold 3. Confirmation candle closes above EMA 9 4. Background turns light green PE (Put) Signal Triggers When: 1. Bearish Score ≥ Threshold (5/8 default) 2. Previous bar Bearish Score < Threshold 3. Confirmation candle closes below EMA 9 4. Background turns light red Signal Validation: Labels appear only when a new qualifying bar completes, preventing repainting. The tooltip shows the exact score and entry price for record-keeping. ________________________________________ 🔧 Customization Options Parameter Purpose Recommendation Index Selection Choose NIFTY 50 or BANK NIFTY Match to your trading instrument EMA Periods Adjust trend sensitivity Default (9/20/50/100) suits 5-15 min Signal Threshold Min confirmations required 5/8 (balanced), 6/8 (conservative) RSI Length Momentum calculation period 14 (standard), 21 (smoother) MACD Settings Fast/Slow/Signal periods 12/26/9 (industry standard) ________________________________________ 📊 Technical Indicator Details Exponential Moving Averages (EMA) • Why EMA vs SMA: Exponential weighting gives more importance to recent price action, making it more responsive to trend changes in fast-moving index options. Relative Strength Index (RSI) • Measures momentum on 0-100 scale • 50 level acts as bull/bear dividing line • Used for confirmation, not overbought/oversold Stochastic Oscillator • Compares closing price to recent range • K line crossing above D line = bullish momentum shift • Sensitive to short-term reversals MACD (Moving Average Convergence Divergence) • Histogram shows momentum acceleration/deceleration • Positive histogram = increasing bullish momentum • Used as tiebreaker when other signals conflict Parabolic SAR • Tracks stop-and-reverse points • Dots below price = uptrend, above = downtrend • Adds trend-following confirmation Squeeze Momentum • Identifies periods of low volatility (consolidation) • Bollinger Bands inside Keltner Channels = "squeeze" • Positive momentum during squeeze = bullish breakout setup ________________________________________ 💡 What Makes This Script Unique 1. Index-Specific Design: Unlike generic multi-timeframe indicators, this is purpose-built for NIFTY/BANKNIFTY options with constituent stock correlation analysis. 2. Multi-Layer Validation: Combines price action (EMAs), momentum (RSI/Stoch/MACD), and volatility (Squeeze) for comprehensive market assessment. 3. Smart Constituent Tracking: Automatically switches stock universe based on selected index, providing sector-level context that single-chart indicators miss. 4. Adaptive Risk Management: ATR-based stop-loss and targets adjust to market volatility automatically, unlike fixed-point systems. 5. No Repainting: All calculations use confirmed bars with lookahead=barmerge.lookahead_off parameter, ensuring historical backtesting accuracy. ________________________________________ 📚 Best Practices Timeframe Selection: • 5 min: Scalping (high frequency, tight stops) • 15 min: Intraday swing trades (balanced) • 1 hour: Positional option trades (overnight holds) Trade Execution: 1. Wait for CE/PE label to appear 2. Check Top Stocks Status - look for 3+ stocks confirming index direction 3. Verify Scenario Guide shows acceptable risk-reward (min 1:1.5) 4. Enter on next candle open or use trigger level for limit orders 5. Place stop-loss at "Risk Limit" level 6. Scale out at "Price Objective" or trail with Parabolic SAR False Signal Filters: • Avoid signals during first 15 minutes of market open (high volatility) • Skip signals when Top Stocks show conflicting directions (3 bull, 2 bear) • Increase threshold to 6/8 during major news events • Disable trading 30 minutes before important announcements ________________________________________ ⚠️ Limitations & Considerations • Index Options Specific: Optimized for NIFTY/BANKNIFTY - may need recalibration for other instruments • Not Suitable for Trending Markets: Works best in swing/range conditions; reduce threshold in strong trends • Constituent Data Dependency: Relies on accurate real-time stock data; verify broker data quality • Options Greeks Ignored: Script doesn't account for theta decay, IV changes - user must manage option selection ________________________________________ 🔔 Built-In Alerts Set alerts for: • CE Signal Generated: Bullish score crosses threshold • PE Signal Generated: Bearish score crosses threshold Alert messages include ticker symbol and entry price for quick execution. ________________________________________ 📈 Performance Optimization Tips 1. Score Correlation Check: If Bull Score and Bear Score are both high (6+/8), market is conflicted - wait for resolution. 2. Stock Divergence Strategy: When 4/5 stocks are bullish but index shows PE signal, it often indicates a false breakdown - counter-trend opportunity. 3. Squeeze Breakout Combo: Strongest signals occur when Squeeze changes from "ON" to "OFF" simultaneously with CE/PE trigger. 4. EMA Stacking: Maximum confidence signals have all three EMAs in proper order (9>20>50 for bull, reverse for bear). ________________________________________ 🎓 Educational Context This methodology synthesizes: • Multi-Timeframe Analysis: EMAs represent different trend horizons • Oscillator Convergence: Multiple momentum tools reduce false positives • Index Arbitrage Concepts: Constituent tracking exploits pricing inefficiencies • Adaptive Volatility: ATR-based risk scales with market conditions The 8-factor system mirrors institutional decision frameworks where analysts require consensus across multiple models before position changes. ________________________________________ 📋 Quick Reference Bullish Setup Checklist: ✅ Bull Score ≥ 5/8 ✅ Green background color ✅ 3+ top stocks showing 📈 or 🚀 ✅ Price above EMA 9 ✅ MACD Histogram positive Bearish Setup Checklist: ✅ Bear Score ≥ 5/8 ✅ Red background color ✅ 3+ top stocks showing 📉 or ⚠️ ✅ Price below EMA 9 ✅ MACD Histogram negative ________________________________________ ⚖️ Disclaimer This indicator is a decision support tool, not an automated trading system. Index options involve substantial risk and can result in total loss of premium paid. The constituent stock analysis provides context but does not guarantee index price movement. Users must: • Understand options Greeks (delta, theta, vega) • Use proper position sizing (max 2-3% capital per trade) • Never trade based on signals alone without market context • Comply with SEBI regulations and broker policies Past performance of signals does not guarantee future results. ________________________________________ Version: Pine Script v6 Supported Indices: NIFTY 50, BANK NIFTY Resource Usage: Moderate (Multi-security data requests) Update Frequency: Real-time on current timeframe ________________________________________ For support or suggestions, please comment below. If this script helps your trading, please like and follow for updates! 🚀📊
Pine Script® indicator
by harshivsymposium
Dynamic Swing Retracement TrackerThis indicator automatically identifies potential reversal zones within trending markets by combining momentum-based directional filters with geometric price swing analysis. Methodology: Directional Bias Filter: Utilizes two exponential moving averages (configurable periods, default 50 and 200) as a momentum comparison mechanism. When the faster average exceeds the slower average, bullish bias is established; the inverse confirms bearish bias. Automated Swing Recognition: The script continuously scans for local price extremes using pivot analysis with a user-defined lookback window (default 36 bars). These extremes become anchor points for calculating potential retracement zones. Geometric Retracement Zones: Between each pair of swing extremes, the script calculates key mathematical ratios (0.5 and 0.618) to identify zones where price is statistically likely to find support or resistance during pullbacks. These zones are used for signal generation but remain invisible on the chart. Signal Generation Logic: Long entry signals appear when price retraces into calculated zones during bullish bias conditions Short entry signals appear when price retraces into zones during bearish bias conditions All signals require full candle confirmation to eliminate intra-bar noise A customizable cooldown mechanism prevents signal clustering Automated Risk Visualization: Invalidation level (traditionally called "stop loss") placed beyond the most recent swing extreme, with adjustable pip buffer for spread accommodation Three progressive target zones calculated using geometric extensions (1.618x, 2.0x, and 2.618x multiples of the original swing range) All price levels displayed as horizontal reference lines spanning 20 bars (10 before, 10 after the signal candle Technical Implementation: Swing detection uses TradingView's built-in pivot functions with symmetric lookback Retracement calculations based on classical golden ratio mathematics Label positioning dynamically adjusts using Average True Range to maintain visibility across different volatility conditions All drawing objects are refreshed on each bar to comply with platform object limits Practical Application: This tool is designed for traders who want to systematically identify counter-trend entries within established trends. Rather than manually drawing retracement levels, the indicator automates the process and provides immediate visual feedback on potential entry zones with pre-calculated risk and reward parameters. Customization Options: Momentum filter periods (default 50/200) Swing detection sensitivity Signal spacing controls Risk buffer adjustment Individual component visibility toggles Important Notes: This indicator does not predict future price movements. It identifies historical swing patterns and mathematically-derived levels based on past price action. All trading decisions should be made in conjunction with proper risk management and market analysis.
Pine Script® indicator
by RB_T
Filter Wave1. Indicator Name Filter Wave 2. One-line Introduction A visually enhanced trend strength indicator that uses linear regression scoring to render smoothed, color-shifting waves synced to price action. 3. General Overview Filter Wave+ is a trend analysis tool designed to provide an intuitive and visually dynamic representation of market momentum. It uses a pairwise comparison algorithm on linear regression values over a lookback period to determine whether price action is consistently moving upward or downward. The result is a trend score, which is normalized and translated into a color-coded wave that floats above or below the current price. The wave's opacity increases with trend strength, giving a visual cue for confidence in the trend. The wave itself is not a raw line—it goes through a three-stage smoothing process, producing a natural, flowing curve that is aesthetically aligned with price movement. This makes it ideal for traders who need a quick visual context before acting on signals from other tools. While Filter Wave+ does not generate buy/sell signals directly, its secure and efficient design allows it to serve as a high-confidence trend filter in any trading system. 4. Key Advantages 🌊 Smooth, Dynamic Wave Output 3-stage smoothed curves give clean, flowing visual feedback on market conditions. 🎨 Trend Strength Visualized by Color Intensity Stronger trends appear with more solid coloring, while weak/neutral trends fade visually. 🔍 Quantitative Trend Detection Linear regression ordering delivers precise, math-based trend scoring for confidence assessment. 📊 Price-Synced Floating Wave Wave is dynamically positioned based on ATR and price to align naturally with market structure. 🧩 Compatible with Any Strategy No conflicting signals—Filter Wave+ serves as a directional overlay that enhances clarity. 🔒 Secure Core Logic Core algorithm is lightweight and secure, with minimal code exposure and strong encapsulation. 📘 Indicator User Guide 📌 Basic Concept Filter Wave+ calculates trend direction and intensity using linear regression alignment over time. The resulting wave is rendered as a smoothed curve, colored based on trend direction (green for up, red for down, gray for neutral), and adjusted in transparency to reflect trend strength. This allows for fast trend interpretation without overwhelming the chart with signals. ⚙️ Settings Explained Lookback Period: Number of bars used for pairwise regression comparisons (higher = smoother detection) Range Tolerance (%): Threshold to qualify as an up/down trend (lower = more sensitive) Regression Source: The price input used in regression calculation (default: close) Linear Regression Length: The period used for the core regression line Bull/Bear Color: Customize the color for bullish and bearish waves 📈 Timing Example Wave color changes to green and becomes more visible (less transparent) Wave floats above price and aligns with an uptrend Use as trend confirmation when other signals are present 📉 Timing Example Wave shifts to red and darkens, floating below the price Regression direction down; price continues beneath the wave Acts as bearish confirmation for short trades or risk-off positioning 🧪 Recommended Use Cases Use as a trend confidence overlay on your existing strategies Especially useful in swing trading for detecting and confirming dominant market direction Combine with RSI, MACD, or price action for high-accuracy setups 🔒 Precautions This is not a signal generator—intended as a trend filter or directional guide May respond slightly slower in volatile reversals; pair with responsive indicators Wave position is influenced by ATR and price but does not represent exact entry/exit levels Parameter optimization is recommended based on asset class and timeframe
Pine Script® indicator
by c9indicator