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HADES Time Cycle SMT Overview The **HADES Time Cycle SMT** indicator is a sophisticated and enhanced version of the original HADES SMT framework, designed for advanced traders seeking to identify high-probability Smart Money Time (SMT) divergences across multiple symbols and timeframes. This private script integrates time cycle analysis, multi-symbol SMT detection, and confluence signals to provide actionable insights for trading major indices like the S&P 500 (ES), Nasdaq (NQ), and Dow Jones (YM). With a customizable dashboard, session anchors, and advanced filtering, this tool is tailored for precision and clarity in fast-moving markets. --- ### Key Features 1. **Multi-Symbol SMT Divergence Detection** - Compares price action across up to three user-defined symbols (default: ES1!, NQ1!, YM1!) to detect bullish and bearish SMT divergences. - Enhanced divergence strength calculation ensures only significant divergences are highlighted, with a customizable minimum strength filter (0–10%). - Supports up to 50 visible SMT lines with customizable styles (solid, dashed, dotted) and widths for clear visualization. 2. **Time Cycle Analysis** - Automatically detects cycle periods (5min, 10min, 30min, 90min, 4H, Daily, Weekly) based on the chart’s timeframe or allows manual cycle selection. - Tracks cycle highs and lows to provide context for SMT signals, with optional visualization of cycle boxes and previous cycle high/low lines. 3. **Confluence Detection** - Highlights when multiple symbols exhibit SMT divergences simultaneously, increasing the reliability of signals. - Confluence labels are displayed on the chart with customizable colors and styles for quick identification. 4. **Enhanced Dashboard** - Displays real-time data on SMT divergences, pivot counts, and current prices for all tracked symbols. - Customizable location (Top Right, Bottom Right, etc.), text size, and color scheme for a personalized trading experience. - Shows percentage of pivots with SMT divergences for each symbol, aiding in signal prioritization. 5. **Advanced Filtering and Customization** - Minimum divergence strength filter to reduce noise and focus on high-impact signals. - Optional liquidity interaction requirement to ensure SMT signals occur near significant price levels. - Extensive style options for SMT lines, confluence labels, and dashboard aesthetics. 6. **Alert System** - Configurable alerts for: - SMT divergence detection (single symbol). - Confluence events (multiple symbols). - New time cycle starts. - Alerts are designed to integrate seamlessly with TradingView’s notification system for timely trade execution. ### How It Works 1. **SMT Divergence Detection** The script identifies divergences by comparing pivot highs and lows between the chart’s price action and up to three user-selected symbols. A divergence occurs when the chart’s price movement opposes the comparison symbol’s movement (e.g., chart makes a higher high while the symbol makes a lower high). Only divergences meeting the minimum strength threshold and optional liquidity interaction criteria are displayed. 2. **Time Cycle Framework** The indicator tracks price action within defined time cycles (e.g., 30min, 4H, Daily), updating cycle highs and lows dynamically. This contextualizes SMT signals within market moves, improving trade timing. 3. **Confluence and Visualization** When multiple symbols show SMT divergences at the same pivot, a confluence label highlights the event, signaling higher-probability setups. The dashboard provides a snapshot of SMT activity, pivot counts, and price data across all symbols. ### Ideal Use Cases - **Day Trading:** Use on lower timeframes (1min–30min) to capture intraday SMT setups during major sessions (London, NY). - **Swing Trading:** Apply on higher timeframes (4H–Weekly) to identify longer-term reversal points with confluence. - **Index Trading:** Optimized for major indices (ES, NQ, YM) but adaptable to other correlated assets. - **Risk Management:** Combine with session anchors and confluence signals to filter high-probability entries. --- ### Settings Overview - **Pivot Settings:** Adjust pivot lookback (default: 3) and max SMT lines (default: 5). - **Symbol Selection:** Enable/disable up to three comparison symbols (default: ES1!, NQ1!, YM1!). - **Time Cycles:** Toggle auto-cycle detection or manually select cycle periods (5min–Weekly). - **Display Options:** Show/hide SMT lines, confluence labels, cycle boxes, session anchors, and dashboard. - **Filters:** Set minimum divergence strength and enable liquidity interaction requirements. - **Style:** Customize colors, line styles, and dashboard appearance for optimal clarity.
Pine Script® indicator
by HadesFutures
Ultimate Band Breakout Fibv2.0🔍 Key Features: Breakout Detection (Selectable): Envelope Upper Band breakout Ultimate Band breakout (w/ optional high checks) Fibonacci Retracement Entries: Automatically draws 6 retracement levels from peak to low (based on RSI oversold or lowest low) Enters at FIB2 and adds at FIB3, FIB4, FIB5 Exit Logic: TP via Fibonacci Level 1 or % Take-Profit (user-defined) SL via FIB6 Optional time-based forced exit Fully customizable: All Fibonacci levels, risk settings, RSI/Envelope/Ultimate Band parameters Automatic visual labeling and line drawing Works on any timeframe and ticker 🧪 Use Cases: This strategy is ideal for: Traders looking for breakout-retracement entries with clearly defined risk zones Momentum-based trading on crypto, indices, or high-volatility assets Backtesting Fibonacci pullback scenarios with time-based risk control ⚙️ Recommendations: Works best on volatile assets with strong trending behavior Use on higher timeframes (15min–4H) for swing trades or lower for scalping Test with different RSI oversold thresholds or Ultimate Band timeframes for optimization -ps- I do not recommend using this strategy as a fully automated system. It’s important to develop your own judgment by analyzing higher timeframes like the 4-hour or 6-hour charts, and making sure that smart money hasn’t exited the market. While the indicator can generate automated entries, it may often trigger trades in areas where you shouldn’t be entering. So please don’t blindly rely on the signals or run it on auto-pilot without supervision. Instead, I recommend creating a watchlist of coins you're interested in and setting alerts for each one. This way, you don't need to constantly watch the charts. When an alert is triggered, you can check the setup, confirm with your own analysis, and enter only if the conditions still look favorable. This semi-automated approach strikes a better balance between signal automation and human discretion. This indicator does not generate entries using Fibonacci indiscriminately — it only creates setups in high-probability zones. That’s why using a watchlist with alerts is essential if you want to receive more signals. 🔍 주요 특징: 돌파 조건 선택 가능: Envelope 상단 밴드 돌파 Ultimate Band 상단 돌파 (고점 조건 체크 여부 선택 가능) 피보나치 되돌림 기반 진입: 고점 → RSI 과매도 기준 저점까지 자동 피보나치 라인 생성 FIB2 지점에서 진입, FIB3/FIB4/FIB5 구간에서 추가매수 청산 조건: FIB1 도달 시 익절 또는 사용자 지정 % 기준 익절 FIB6 도달 시 손절 시간 경과 시 강제 종료 (옵션) 높은 사용자 맞춤성: 피보나치 비율, RSI/Envelope/Ultimate Band 설정 자유롭게 조정 가능 라벨 및 라인 자동 생성으로 직관적인 시각화 모든 종목/타임프레임 대응 🧪 추천 사용 대상: 뚜렷한 추세 또는 큰 변동성을 가진 자산에 적합 눌림목 기반 진입 전략을 자동화하려는 스윙/단타 트레이더 백테스트 기반의 전략 검증 및 최적화를 원하는 사용자 ⚙️ 전략 활용 팁: 15분~4시간봉에서 높은 성능을 보입니다 RSI 과매도 기준을 유연하게 조절하여 최적 진입 구간 탐색 가능 Envelope와 Ultimate Band를 상황에 따라 선택해 조합해보세요 -ps- 자동전략으로 사용은 추천하지 않습니다. 큰프레임 즉, 4시간이나 6시간 프레임을 보고 스마트머니가 빠져나가지 않았다고 스스로 판단을 하는 안목이 필요합니다. 지표에서는 진입을 자동적으로 하지만 들어가지 말아야 할곳에 들어가는 경우도 많기 때문에 무작정 지표만 믿고 자동으로 돌리지 말기 바랍니다. 추천하는것은 원하는 모든 코인을 리스트로 만들고 리스트에 얼러트를 통으로 넣을 수 있기때문에 얼러트를 통해서 계속 차트를 보고 있지 않아도 진입시점에 알람이 오기때문에 알람이 올때 지표를 확인하고 괜찮다 싶으면 진입하는 것을 추천합니다. 이 지표는 무조건 피보나치를 통해 진입이 아닌 확률이 높은 구간에서만 만들어 집니다. 그래서 리스트를 통해 얼러트를 넣어야 많은 알람을 받을 수 있습니다.
Pine Script® strategy
by leejh5048
Chaikin Money Flow//@version=5 indicator("WTI Short Breakout Alert", overlay=true) // === Input Parameters === supportLevel = input.float(65.50, title="Breakout Support Level", step=0.01) rsiLength = input.int(14, title="RSI Length") emaLength = input.int(21, title="EMA Length") // === Calculations === ema = ta.ema(close, emaLength) rsi = ta.rsi(close, rsiLength) // === Conditions === belowEMA = close < ema rsiBearish = rsi < 50 breakSupport = close < supportLevel // === Final Alert Condition === shortSetup = belowEMA and rsiBearish and breakSupport // === Plotting === plot(supportLevel, title="Support Level", color=color.red, linewidth=1, style=plot.style_line) plotshape(shortSetup, title="Short Entry", location=location.belowbar, color=color.red, style=shape.labeldown, text="SHORT") // === Alert === alertcondition(shortSetup, title="Short Breakout Alert", message="WTI SHORT Setup: Price < EMA21, RSI < 50, and breaking below support!")
Pine Script® indicator
by darrenryan123
MACD Reversal IndicatorMACD Reversal – Indicator Description This indicator highlights potential market reversals by combining momentum, volume, and candlestick behavior into a single signal. A marker appears on the chart when several filters (MACD, RSI, Volume, Candle Patterns) align, aiming to capture points where price may be overextended and ready to turn. The goal is not to generate frequent signals, but to isolate moments where the probability of a shift in direction may be higher. How to Use This tool is best used as part of a broader trading framework — for confirmation, not for isolated entries or exits. It may serve well for spotting exhaustion in trends or for identifying possible fade setups, depending on your trading style. Important Note The accuracy and usefulness of the signals can vary depending on the market, asset, and timeframe. It may work better in certain conditions than others. Users are strongly advised to backtest and forward-test the indicator thoroughly before making decisions based on it. Here are some chart examples: Downside of this indicator (strong trend) example:
Pine Script® indicator
by FunStriker
WECAN Magic Indicator ₹ InvestmentScript Name: WECAN Magic Indicator 1 Company: WECAN GROW ACADEMY Contact: +91 85678 98484 Description: The WECAN Magic Indicator 1 is a powerful trading tool developed by WECAN GROW ACADEMY. It combines multiple technical analysis components such as EMA trends, MACD signals, and custom logic to generate precise Buy and Sell signals. The script features a clean on-chart display and a chronological table view of past trades, helping traders quickly review performance and market timing. Ideal for intraday and positional trading strategies, this indicator aims to simplify decision-making for both beginners and professionals. For support or training, contact us at +91 85678 98484.
Pine Script® indicator
by WeCanGrowAcademy
Supply & Demand ZonesHigh probability "Institutional footprint" Supply&Demand zones with some extras. Zones settings -Mitigation method: You can set whether the wick or the body mitigates the zones. -Show last X S&D Zones: The number of displayed zones + Optional ATR and Engulfing filter. Fractals settings -Filter 3/5 bar fractal: Choose to display the fractal candle from 3 or 5 candles pattern. Moving Average settings -Selectable MA with adjustable length, type and timeframe. Liquidity Sweeps settings -Selectable pivot length Dashed line for swept levels, solid line for still active liquidity levels. Bar colors -Yellow: Engulfing candle -Lime: Bullish momentum candle -Purple: Bearish momentum candle Attention! Never use zones alone as entry signal! Always trade with confirmations/confluences.
Pine Script® indicator
by A_d_a_m_FX
BanShen MACD Ultimate Multi Signal System[SpeculationLab]🧠 How This Script Works (Detailed Logic Breakdown) This script is a closed-source, fully self-developed modular trading system centered around MACD divergence detection. It also includes auxiliary modules such as: Vegas Tunnel trend filtering Dynamic ATR-based stop placement Engulfing candlestick pattern detection RSI/OBV divergence modules Fair Value Gap (FVG) recognition A smart signal panel that consolidates all signals in real time These components work together through a signal resonance framework, helping traders identify high-confluence, high-probability entry opportunities. 🔍 Why MACD Divergence Is the Core (Real-World Strategy Basis) This system is based on a real-world trading strategy I’ve personally used and refined over time. Through discretionary trading and backtesting, I discovered that divergence between price action and the MACD histogram — especially when certain structural conditions are met — produces a very high win rate. Key observations include: MACD peaks/troughs that are clean and well-shaped (defined pivot structure) Large vertical differences between two MACD histogram extremes Price making a higher high or lower low, while MACD does the opposite Two or more divergences appearing consecutively, which creates a powerful reversal signal These setups have proven extremely reliable in my experience. This script automates the detection of these conditions using strict logic filters. 🔷 1. MACD Divergence Engine (Core Module) At its core, this script implements a multi-layered MACD divergence detection system, capable of identifying both **regular** and **consecutive** bullish/bearish divergences. Key components of the logic: - **Pivot-Based Peak Detection:** Peaks and troughs in the MACD histogram are located using left/right lookback lengths. These define valid turning points by requiring the center bar to be the highest (or lowest) compared to its neighbors. - **Peak Size Thresholding:** The height of the histogram peaks is compared to the standard deviation of MACD values. Only peaks above a configurable multiplier (e.g., 0.1× stdev) are considered significant, filtering out noise. - **Peak Ratio Filtering:** For divergence to be valid, the size ratio between two histogram peaks must exceed a minimum threshold. This prevents "flat" divergences with no meaningful MACD movement from triggering false signals. - **Noise Suppression:** A customizable threshold filters out weak histogram fluctuations between divergence points. - **Price Action Confirmation:** The divergence is only confirmed when the price forms a new high or low (depending on the type), and the MACD forms an opposing structure. - **Consecutive Divergence Detection:** For high-conviction setups, the script detects sequences of two or more divergences in the same direction. These use stricter filters and flag rare but powerful market turning points. Signals are plotted using plotshape() with visual differentiation between regular and consecutive setups. You can enable/disable each type individually. ⏰ Note: Histogram colors are styled similarly to TradingView’s built-in MACD for visual familiarity. However, this script is built entirely from scratch and does not reuse any internal TV code. --- 🔷 2. Trend Filtering via Vegas Tunnel The **Vegas Tunnel** module plots 5 configurable EMAs (default: 12, 144, 169, 576, 676) to evaluate trend direction. The trend is considered **bullish** when short EMAs (144/169) are positioned above long EMAs (576/676), and the price is interacting with the short EMA tunnel. Conversely, a bearish condition is detected when the opposite is true. A visual triangle marker highlights trend zones, and users can hide/show individual EMAs. --- 🔷 3. ATR-Based Dynamic Stop Loss This module plots dynamic stop levels above and below the current price based on ATR. Default setting uses 13-period ATR, and users can customize the multiplier or disable the plot. It serves as a visual guide for risk management in live trades. --- 🔷 4. Engulfing Pattern Recognition Candlestick-based signal detection: - **Bullish Engulfing** occurs when a candle closes above the prior high, and the prior bar is bearish. - **Bearish Engulfing** when a candle closes below the prior low, and the prior bar is bullish. Users can modify the logic to use open/close levels for looser or stricter detection. These patterns are highlighted using plotshape markers and optionally included in the signal table. --- 🔷 5. RSI and OBV Divergence Modules These modules follow similar logic to the MACD engine: - Use pivotlow() / pivothigh() to detect swing points. - Confirm divergence only when price moves in one direction while RSI or OBV moves in the opposite direction. - Require a minimum distance (in bars) between the two pivots. - Require a certain ratio between two indicator values and their corresponding prices. You can only enable **one of MACD/RSI/OBV divergences at a time** to avoid visual overlap, as they share the same subplot. --- 🔷 6. FVG (Fair Value Gap) Auto Detection This module detects large single-direction price moves where price leaves a visible gap between candle 3 bars ago and 1 bar ago. - **Bullish FVG**: high < low - **Bearish FVG**: low > high ATR-based filters are applied to eliminate minor gaps. Each gap is drawn as a box and optionally extended, with a central line marking the midpoint (CE - Consequent Encroachment) level. Traders often look for price to return to this level as an entry signal. --- 🔷 7. Smart Signal Table All active signals (MACD, Vegas, RSI, OBV, Engulfing) are collected into a **real-time table** that displays current market bias. - Each module reports whether it is currently giving a bullish (🟢) or bearish (🔴) condition. - Helps users assess signal alignment (confluence). - The table is updated every bar and appears in the bottom-right corner. --- 🔷 8. Watermark & Branding The watermark displays the script name and author at the top-right, and can be toggled via settings. 📌 Not a Mashup — Structured System, Not a Stack of Indicators ⚠️ This is not a random mashup of unrelated indicators. Every module in this system was intentionally designed to support the core MACD divergence logic by filtering, validating, or amplifying its signals. Here's how the system achieves signal confluence and structure: Vegas Tunnel acts as a macro trend filter, helping users determine whether to favor long or short trades. For example, bullish MACD divergence is more reliable when confirmed by an uptrend in the Vegas EMAs. This prevents users from trading against momentum. Engulfing Patterns serve as entry-level price action confirmation. When a bullish engulfing candle appears near a MACD bullish divergence — and trend conditions from Vegas are aligned — the confluence increases dramatically. This is especially powerful when multiple modules confirm in the same direction on the right side of the chart. RSI and OBV Divergence modules offer redundant but independent momentum views. Users may enable them selectively to validate MACD signals, or to use them as standalone alternatives when MACD is flat or noisy. FVG Zones provide context for entries or targets. For instance, a MACD bullish divergence forming near a bullish FVG gap increases the odds of reversal. Price often "fills" these imbalances, which aligns well with reversal setups. The Smart Signal Table aggregates signals from all modules and provides a visual, real-time overview of the current market bias. This allows traders to act only when multiple signals are aligned — for example, when MACD is bullish, trend is up, and a bullish engulfing just printed. Together, this framework creates a coherent decision-making system, where each tool has a defined role: trend filtering, signal confirmation, risk management, or entry detection. 🧩 It is modular in architecture, but not modular in purpose. This system was not built by stacking indicators, but by integrating logic across modules to support a high-conviction MACD-based strategy. 🧬 Originality Statement This script is entirely original, developed from scratch without using external libraries or public script code. The logic is fully custom, especially the consecutive divergence detection system and signal integration. ⚠️ Disclaimer This script is for educational and informational purposes only and does not constitute financial advice. Trade at your own risk. --- 📘 中文简要说明： 这是一个完全原创、闭源的交易系统，核心逻辑为 MACD 柱状图背离信号的识别，配合多模块共振判断，构建出一个高胜率的多信号共振策略。 本指标模块化结构清晰，主要包括： - MACD 背离识别（支持连续背离） - Vegas EMA 隧道趋势过滤 - RSI / OBV 背离模块 - 吞没形态识别 - FVG 平衡区间自动标注 - ATR 动态止损提示 - 智能信号面板（整合所有信号并可视化） 所有模块均可单独开启/关闭，适配顺势、逆势或多周期的交易风格。 本脚本为个人实战策略的程序化实现，逻辑完全由零开发，未使用任何公用代码。适合希望提高交易胜率和信号精准度的用户使用。 免责声明：本指标仅用于技术分析学习与参考，不构成任何投资建议。请您独立判断，自行承担交易风险。
Pine Script® indicator
by SpeculationLab
Indicator 01 GXinvite only by GX this is the first indicator we published we use this to catch up the long or short predictions invite only by GX this is the first indicator we published we use this to catch up the long or short predictions invite only by GX this is the first indicator we published we use this to catch up the long or short predictions invite only by GX this is the first indicator we published we use this to catch up the long or short predictions
Pine Script® indicator
by xuganmgarsh
Price action + MA + MTF RSI + S/R Zones by GunjanPanditDescription: This script combines multiple powerful trading tools into a unified indicator designed for trend-following and confirmation-based entries. It is built to assist traders in identifying actionable signals based on price structure, volatility, and momentum across multiple timeframes. 🔧 How It Works ✅ UT Bot Core Logic The script uses a variation of the UT Bot (Ultimate Trend Bot) method to generate buy/sell signals. Signals are based on ATR-filtered trailing stop levels to reduce noise and detect real trend changes. A Buy is triggered when the price closes above the UT trailing stop. A Sell is triggered when the price closes below it. ✅ Multi-Timeframe RSI Confirmation RSI is calculated on a user-defined higher timeframe (default: 1 hour). A buy signal is confirmed only if RSI is below the oversold level, and vice versa for sell signals. This confirmation layer adds an extra filter to improve signal reliability and reduce whipsaws. ✅ Support & Resistance Zones (MTF) The script automatically plots dynamic support and resistance zones using highs/lows from the selected higher timeframe. These zones are visualized as shaded bands, helping users recognize key levels where price may reverse or consolidate. ✅ Visual Aids & Alerts Buy and Sell signals are clearly labeled on the chart. Optional RSI plot in a separate pane for visual monitoring. Real-time alert conditions included for both Buy and Sell entries. 📈 Use Case & Recommendations This script is best suited for: Swing trading or intraday strategies in trending markets. Traders who want confirmation across timeframes to filter noise. Spotting key entry zones aligned with momentum and volatility. Recommended to use in combination with: Volume or trend structure analysis. Stop-loss and take-profit risk management based on ATR or S/R zones. inal Thoughts This indicator is ideal for traders who value: Multi-timeframe analysis Visual clarity Signal confirmation And clean, customizable overlays for actionable trading insights.
Pine Script® indicator
by GunjanPandit
Vasyl Ivanov | Volatility by Extremums"Volatility by Extremums" is an original technical indicator designed to measure market volatility based on the analysis of price extreme points. Unlike traditional volatility indicators that use standard statistical methods, this indicator calculates volatility as a percentage price change between local maximums and minimums, providing a more accurate understanding of actual price fluctuations in the market. Unique Methodology The indicator uses an innovative approach to volatility calculation: Extremum Detection: The algorithm automatically identifies local maximums and minimums based on configurable parameters, including lookback period and minimum distance between extremums, measured in ATR (Average True Range) units. Relative Volatility Calculation: For each pair of adjacent extremums, volatility is calculated using the formula: (|Max - Min| / Max) × 100%, where volatility is expressed as a percentage of the maximum value in the pair. Result Aggregation: The indicator computes two key metrics: Average volatility - arithmetic mean of all calculated volatility values Maximum volatility - highest volatility value between extremums during the analyzed period Technical Parameters Main Settings: Lookback (1000): Number of bars for historical analysis Extremums Bars Lookback (10): Period for extremum search Extremums Minimal Distance (2 ATR): Minimum distance between extremums for noise filtering ATR Period (30): Average True Range calculation period ATR Average Period (20): ATR averaging period Visualization: Color-coded extremums: Bullish extremums marked in green, bearish in red Information table: Displays current average and maximum volatility values in the top-right corner of the chart Dynamic markers: Automatic placement of ▼ and ▲ symbols on corresponding extremums Practical Applications Market Condition Analysis The indicator helps traders identify: High volatility periods: When average volatility exceeds historical norms, indicating potential for large price movements Consolidation phases: Low volatility values signal periods of energy accumulation before potential breakouts Extreme movements: Maximum volatility shows the largest price swings, which may indicate important market events Risk Management Volatility data enables: Position size adaptation based on current market volatility Dynamic stop-loss setting corresponding to market activity levels Optimal entry point selection during periods of reduced volatility Trading Strategies The indicator is effective for: Breakout strategies: Low volatility often precedes strong directional movements Counter-trend trading: Extremely high volatility values may signal potential reversals Scalping: Understanding current volatility level helps choose appropriate instruments and timeframes Advantages Over Traditional Indicators Unlike standard volatility measures such as standard deviation or ATR, this indicator: Focuses on actual extremums: Analyzes real price reversal points rather than abstract statistical indicators Adapts to market conditions: Uses ATR to determine significant extremums, filtering market noise Provides contextual information: Shows not only current volatility but also historical maximum, helping assess the relative significance of current movements Usage Recommendations Parameter Optimization: For intraday trading: Reduce Lookback period to 200-500 bars For position trading: Increase minimum distance between extremums to 3-4 ATR For high-volatility assets: Set ATR period to shorter periods (14-21) Combining with Other Indicators: Best results are achieved when used together with: Trend indicators to determine overall market direction Oscillators for precise entry and exit timing Volume indicators to confirm movement strength Technical Limitations Users should consider: The indicator is based on historical data and does not guarantee future results Requires sufficient historical data for correct operation (minimum 100 bars) Most effective on liquid markets with clearly defined extremums "Volatility by Extremums" represents an innovative approach to market volatility analysis, providing traders with a unique tool for understanding price dynamics and making informed trading decisions based on actual market extremums.
Pine Script® indicator
by wasiliyivanov
Renko Chart Mirror (Separate Pane) + AlertA TradingView indicator that mirrors your Renko chart’s block-by-block price action in its own pane, with color‑coded bricks and customizable new‑block alerts. Overview When you’re trading on a Renko chart, it can be handy to see the exact brick open/close sequence in a dedicated pane—especially if you like to layer additional studies or simply want a clearer view. This indicator reads the Renko-processed OHLC values directly from your chart and replots them as a step line, coloring each brick green or red. It also flags and optionally alerts you whenever a new Renko brick is formed. Key Features Separate Pane Mirror Replots the Renko chart’s own open and close values in a clean, non‑overlay pane—no recalculation of Renko logic needed. Color‑Coded Bricks Bullish bricks (close > open) in green, bearish bricks (close < open) in red, with gray lines for each brick’s open level. New‑Block Marker Tiny triangle markers at each new brick close, matching the brick’s direction. Built‑In Alert Conditions Two alert conditions—“Renko Bullish Block” and “Renko Bearish Block”—so you can trigger notifications, webhooks, or automated orders when your chart prints a new up‑brick or down‑brick. Zero Maintenance Simply apply on any Renko chart; it auto‑adjusts to your brick size and chart symbol. Note: All style properties (colors, line widths, marker sizes) can be adjusted in the Pine editor to suit your visual preferences. How to Use Switch your chart to any Renko style (classic, ATR‑based, etc.). Add the “Renko Chart Mirror” indicator in the Indicators panel—choose “New Block” alerts if you want notifications. Create alerts: In the Alerts dialog, select either Renko Bullish Block or Renko Bearish Block (or both). Customize the alert message, expiration, and delivery method (popup, email, webhook). Trade with confidence: watch the mirrored pane for a clear, color‑coded view of each brick’s open/close sequence, and act the moment a new brick forms. Why You’ll Love It Clarity: Separates Renko bricks from cluttered overlays. Speed: Immediate visual cue and alert when a new price block prints. Flexibility: Works with any Renko variant and across all symbols/timeframes. Simplicity: No complex inputs—just add it and go.
Pine Script® indicator
by insightsbytehreem