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Multi-SR Levels (RSI · Swing · VWAP · OB) — MTFMulti-SR Levels (RSI · Swing · VWAP · OB) — Full User Guide TL;DR A single script that can auto-draw four different families of horizontal support-and-resistance levels, each with its own on/off switch, time-frame source, style and object counter. Perfect for multi-time-frame (MTF) confluence studies or decluttering your chart by toggling only what you need. 1 What the script does System Purpose Typical use-case RSI Horizontal Projects price levels where the chosen RSI crosses a threshold (default 50). Mean-reversion zones, momentum shifts. Swing High / Low Extends confirmed pivot highs & lows rightward. Classical swing-trading SR, stop placement. Anchored VWAP Drops a daily/weekly/etc. VWAP “anchor” every new bar of the selected TF. Intraday bias lines, institutional average price. Order-Block Zones Marks impulsive bullish/bearish candles whose body ≥ k × ATR; box extends right. Supply-and-demand zones, ICT blocks. All objects auto-delete in FIFO manner when they exceed their individual Max limit, preventing the 500-line / 100-box ceiling. 2 Inputs & Controls A. RSI Horizontal Input Description Enable RSI Levels Master switch. RSI Length Period of RSI (default 50). RSI Level Threshold level (0-100). Tolerance ± band around the level. RSI Source TF Leave blank = chart TF; otherwise pick any TF (e.g. “4H”) to project higher-TF levels onto a lower chart. Max RSI Lines Cap of simultaneously visible RSI rays. Line Color / Line Width Style tweaks. B. Swing High / Low Input Description Enable Swing Levels Toggle pivots. Pivot Length “Fractal” size – candles on each side that must be smaller. Swing Source TF Blank = chart; otherwise pull pivots from another TF. Max Swing Lines, Colors, Width House-keeping & appearance. C. Anchored VWAP Input Description Enable VWAP Levels Toggle anchors. VWAP Source TF TF that defines when a new anchor is dropped (default Daily). Max VWAP Lines Oldest anchors are deleted beyond this number. Line Color / Width / Style Solid · Dotted · Dashed. D. Order-Block Zones Input Description Enable OB Zones Toggle boxes. OB Source TF Candle/ATR source. ATR Length ATR period for impulse filter. Impulse Body ≥ ATR× Multiplier k (default 1.5). Max OB Zones FIFO limit on boxes. Colours / Border Width Visuals for bullish & bearish blocks. 3 How to use it effectively Attach once per chart – all four systems coexist; no need for multiple scripts. Start broad → prune Enable everything on a clean chart. Dial back each Max … input until clutter is gone. MTF Confluence Common trick: show 4 H RSI + D VWAP on a 15 min chart, add Weekly Swing-Highs, then refine entries with price-action. Tune OB sensitivity If blocks are too rare/dense, adjust Impulse Body ≥ ATR × k: >1.5 = stricter, <1.5 = looser. Style presets – lines inherit the theme of TradingView but you can recolor quickly via the Style tab. 4 Performance & Limits Script respects TradingView caps (500 lines / 120 boxes). Each system self-manages its objects, so enabling all four still stays within limit. Uses request.security() MTF calls with gaps_off; repainting is limited to the higher-TF bar still forming (normal MTF behaviour). 5 Version & License Version: v1.0 (2025-05-26) Pine: v6 Author: RezzoRedPriest License: MIT — free to copy, modify & redistribute; leave credits intact. 6 Disclaimer This script is educational only and not financial advice. Past performance does not guarantee future results. Trade responsibly. Publishing checklist Paste the full code (provided earlier). Add this description in the “Script description” field. Choose Open-source if you want users to view code, or Protected otherwise. Tag with support-resistance, multi-timeframe, order-block, VWAP, RSI. Happy trading and may your levels hold!
Pine Script® indicator
by RezzoRedPriest
🔥BTC策略图模板 (优化版)| Module | Purpose | Use Case | | EMA 10/20 | Determine trend direction | Swing trading entries/exits, trend filtering | RSI Divergence | Identify potential reversals | Short-term counter-trend setups | | ATR/CCI/RSI Panel | Quickly assess market conditions | High-frequency decision making, backtesting | | Support/Resistance | Assist with risk control & take-profit | Setting SL/TP levels | | Current Price Label | Precise price tracking | Multi-chart comparison |
Pine Script® indicator
by theunaofyou
Algo Structure [ValiantTrader_]Explanation of the "Algo Structure" Trading Indicator This Pine Script indicator, created by ValiantTrader_, is a multi-timeframe swing analysis tool that helps traders identify key price levels and market structure across different timeframes. Here's how it works and how traders can use it: Core Components 1. Multi-Timeframe Swing Analysis The indicator tracks swing highs and lows across: The current chart timeframe A higher timeframe (weekly by default) An even higher timeframe (monthly by default) 2. Swing Detection Logic Current timeframe swings: Identified when price makes a 3-bar high/low pattern Higher timeframe swings: Uses the highest high/lowest low of the last 3 bars on those timeframes 3. Visual Elements Horizontal lines marking swing points Labels showing the timeframe and percentage distance from current price An information table summarizing key levels How Traders Use This Indicator 1. Identifying Key Levels The indicator draws recent swing highs (red) and swing lows (green) These levels act as potential support/resistance areas Traders watch for price reactions at these levels 2. Multi-Timeframe Analysis By seeing swings from higher timeframes (weekly, monthly), traders can: Identify more significant support/resistance zones Understand the broader market context Spot confluence areas where multiple timeframes align 3. Measuring Price Distance The percentage display shows how far current price is from each swing level Helps assess potential reward/risk at current levels Shows volatility between swings (wider % = more volatile moves) 4. Table Summary The info table provides a quick reference for: Exact price levels of swings Percentage ranges between highs and lows Comparison across timeframes 5. Trading Applications Breakout trading: When price moves beyond a swing high/low Mean reversion: Trading bounces between swing levels Trend confirmation: Higher highs/lows in multiple timeframes confirm trends Support/resistance trading: Entering trades at swing levels with other confirmation Customization Options Traders can adjust: The higher timeframes analyzed Whether to show the timeframe labels Whether to display swing levels Whether to show the info table The indicator also includes price alerts for new swing highs/lows on the current timeframe, allowing traders to get notifications when market structure changes. This tool is particularly valuable for traders who incorporate multi-timeframe analysis into their strategy, helping them visualize important price levels across different time perspectives
Pine Script® indicator
by ValiantTrader_
Liquidity LinesLiquidity Lines Indicator This advanced TradingView indicator identifies key liquidity zones on your price chart by detecting bullish and bearish engulfing candles, which often signify areas where liquidity accumulates. It helps traders visually spot potential support and resistance levels created by market participants’ stop-loss orders or pending orders. Key Features : -Aggregated Bars Option : Smooth out price data by grouping bars together, enabling clearer liquidity zone identification on higher timeframes or noisy charts. -Upper Liquidity Lines : Displays dashed lines at recent highs where bearish engulfing patterns indicate potential resistance or supply zones. -Lower Liquidity Lines : Displays dashed lines at recent lows where bullish engulfing patterns suggest potential support or demand zones. -Customizable Colors : Choose your preferred colors for bullish (default black) and bearish (default white) liquidity lines for better visual distinction. -Automatic Line Cleanup : Maintains chart clarity by automatically removing old liquidity lines after a configurable limit. -Dynamic Alerts : Trigger alerts when price breaches upper or lower liquidity lines, signaling potential breakout or reversal opportunities. Use Cases :
Pine Script® indicator
by The_Forex_Steward
Strongest Bullish Signal - EnhancedHere is your enhanced Pine Script (v6) with the strongest bullish conditions added for maximum clarity and ~70% success potential, including: ✅ Volume breakout over THE MEDIUM MA LENGHT 20 ✅ Momentum 80 Over the median POSITIF - GREEN DOT ✅ Momentum 80 LOWER - -0.03 ✅ Price above EMA and VWAP BULLISH TREND ✅ MACD bullish curl MACD 12-26 croisé près de 0 ou EMA haussiers ✅ StochRSI oversold bounce STOCH RSI 5-5-10-10 haussier ✅ +DI > -DI and +DI > ADX ✅ RSI < 30 (oversold bounce) ✅ Bullish engulfing candle ✅ Green dot plotted when all conditions are met
Pine Script® indicator
by emilbotezatu
Sessions [Prolific Zone ]Thank you for using this strategy, it is designed by George Asamoah and works perfectly for gold. it is advisable to use it for scalping. Have observed that on gold, it mostly move toward the direction of the prolific zone the whole day. Backtest this on xauusd and use. ### 🔥 **4AM–5AM GMT Breakout Strategy (5-Min Entry Confirmation)** #### ⏱ **Time Zone** * **All times are GMT+0 (UTC)** ### 📌 **Step-by-Step Guide** 1. **Timeframe Setup** * Use the **1-hour chart** to identify the 4:00 AM – 5:00 AM candle. * Mark the **high and low** of that specific candle (the range). 2. **Draw Levels** * At **5:00 AM**, after the candle closes: * Draw a **horizontal line or zone** at the **high** and another at the **low** of the 4:00–5:00 AM candle. 3. **Switch Timeframe** * Switch to the **5-minute chart**. 4. **Breakout Confirmation** * Wait for a **5-minute candle to break**: * **Buy Entry**: If a 5-minute candle **closes above the high**, enter a **BUY**. * **Sell Entry**: If a 5-minute candle **closes below the low**, enter a **SELL**. 5. **Trade Management (Recommended)** * **Stop Loss (SL)**: Just below/above the opposite side of the range. * **Take Profit (TP)**: Use a risk-to-reward ratio (1:1.5 or 1:2), or follow market structure. * Optional: Trail the stop loss once in profit. ### ✅ **Strategy Highlights** * Works best with **GOLD (XAUUSD)** due to its volatile movement during London Open. * Also effective with pairs like **GBPUSD, EURUSD**, etc., but test before use. * Avoid using it on days with high-impact news during this time.
Pine Script® indicator
by cypheratuahene
1
MTF Candle Direction Forecast + Breakdown🧭 MTF Candle Direction Forecast + Breakdown 🔥📈🔼 This script is a multi-timeframe (MTF) price action dashboard that helps traders assess real-time directional bias across five customizable timeframes — with a focus on candle behavior, trend alignment, and confidence strength. 📌 What It Does For each timeframe, this dashboard summarizes: Current direction → Bullish, Bearish, or Neutral Confidence score (0–100) → How strongly price is likely to continue in that direction Candle strength → 🔥 icon appears if the current candle has a large body relative to its range Trend alignment: 📈 = EMA9 is above EMA20 🔼 = Price is above VWAP Color-coded background to visually reinforce directional state Each row gives you a visual “at-a-glance” readout of what price is doing right now — not in the past. 💡 Why It’s Useful ✅ Direction forecasting based on price action Instead of lagging indicators, this script prioritizes: Candle body-to-range ratio (momentum) Real-time VWAP/EMA structure Immediate price positioning ✅ Confidence is quantified The score (0–100) helps you judge how reliable each directional signal is: 90+ → Strong conviction 50–70 → Mixed but potentially valid <40 → Weak move or early signal ✅ Timeframe confluence at a glance See whether multiple timeframes are aligning directionally — helpful for scalping, day trading, or waiting for multi-timeframe breakout setups. ✅ Visual & intuitive Icons, colors, and layout make it easy to scan your dashboard instead of deciphering charts or code. 🛠️ Adjustable Settings Setting Description Timeframe 1–5 Choose any timeframes to monitor (e.g., 5m, 15m, 1h, 4h) Candle Display Mode Show trend color via emoji (🟢/🔴) or background shading Strong Candle Threshold Adjust the body-to-range % needed to trigger 🔥 strength Bullish/Bearish Background Customize label color coding Neutral Background (opacity) Set transparency or styling for flat/consolidating zones Table Location Place the dashboard anywhere on the chart 🎯 Use Cases Scalpers: Confirm trend across 1m/5m/15m before entering Day Traders: Use confidence score to avoid low-momentum setups Swing Traders: Monitor higher timeframes for trend shifts while tracking intraday noise VWAP/EMA traders: Quickly see when price is reclaiming or losing critical trend levels 🧠 What Makes It Unique? Unlike generic trend meters or mashups of standard indicators, this script: Uses live candle dynamics (not just closes or lagging values) Computes directional bias and confidence together Visualizes strength and structure in a compact, readable interface Let’s you filter by price action, not just indicator alignment 💥 Why Traders Love Will Love It ✅ Instant clarity on which timeframes agree ✅ No more guessing candle strength or trend health ✅ Confidence score keeps you out of weak trades ✅ Works with any strategy — trend following, VWAP reclaim, EMA scalps, even breakouts ✅ Keeps your chart clean — all the context, none of the clutter ⚠️ Transparency🧬 Under the Hood Powered by live candle body analysis, trend structure (EMA9 vs EMA20), and VWAP placement. All scores are generated in real-time — No repainting or lookahead bias: all values are computed with lookahead=barmerge.lookahead_on Confidence scores reflect the current candle only — they do not predict future moves but measure momentum and alignment in real-time Labels update per bar and respond to subtle shifts in candle structure and trend indicators ✅ MTF Trend Snapshot (Live Output Example Shown in Chart Above) This dashboard gives you a fast, visual summary of market trend and momentum across 5 timeframes. Here's what it's telling you right now: 🕔 5 Minute (5m) 📉 EMA Trend: Down 🔼 Price: Above VWAP Direction: Bearish (42) 🟥 Weak bearish bias. Short-term pullback against a stronger trend. Use caution — lower confidence and mixed structure. ⏱️ 15 Minute (15m) 📈 EMA Trend: Up 🔼 Price: Above VWAP Direction: Bullish (73) 🟩 Clean bullish structure with growing momentum. Solid for intraday confirmation. 🕧 30 Minute (30m) 📈 EMA Trend: Up 🔼 Price: Above VWAP Direction: Bullish (77) 🟩 Stronger trend forming. Above VWAP and EMAs — building conviction. 🕐 1 Hour (1h) 📈 EMA Trend: Up 🔼 Price: Above VWAP Direction: Bullish (70) 🟩 Confident, clean trend. Good alignment across indicators. Ideal timeframe for swing entries. 🕓 4 Hour (4h) 🔥 Strong Candle 📈 EMA Trend: Up 🔼 Price: Above VWAP Direction: Bullish (100) 🟩 Full trend alignment with max momentum. Strong body candle + structure — high confidence continuation. 🧠 Quick Takeaway 🔻 5m is pulling back short term ✅ 15m through 4h are fully aligned Bullish 🔥 4h has max confidence — big-picture trend is intact 📈 Ideal setup for momentum traders looking to ride trend with multi-timeframe confirmation Try pinning this dashboard to your chart during live trading to read price like a story across timeframes, and filter out weak setups with low-confidence noise.
Pine Script® indicator
by Daniel_Vin
Auto FaustAuto Faust – Intraday Market Context & Structure Auto Faust is a visual market overlay designed for intraday traders who want fast context without relying on signals or automation. It combines classic price tools — VWAP, EMAs, RSI, Chop Score, and market structure trendlines — into a single glanceable dashboard. 🔍 What It Does: VWAP (Volume Weighted Average Price): Shows the day's fair value price anchor. EMAs (3, 21, 113, 200): Map short-term to long-term trend alignment. Crossovers can be used for confluence or caution. RSI (10): Monitors local momentum. Displayed in a compact table. Chop Score: Measures how directional price action is. High chop = ranging conditions; low = trending. Session High/Low Tracker: Tracks the daily extremes in real-time. Volume Monitor: Shows current candle volume, color-coded vs previous bar (green = higher, red = lower). Dynamic Support & Resistance Lines: Plotted from pivot highs/lows (not static levels). Automatic Trendlines: Drawn from swing structure, updating live. 📊 How to Use: Use EMAs + VWAP alignment to assess directional bias. Confirm clean trends with low Chop Score and RSI support. Watch for price interaction around dynamic S/R lines and trendline breaks. Use volume coloring to assess if momentum is increasing or fading. No buy/sell signals are generated — this is a trader-facing tool to guide discretionary decision-making.
Pine Script® indicator
by Bro_Faust
Strongest Bullish Signal Here is your enhanced Pine Script (v6) with the strongest bullish conditions added for maximum clarity and ~70% success potential, including: ✅ Volume breakout over THE MEDIUM MA LENGHT 20 ✅ Momentum 80 Over the median POSITIF ✅ Momentum 80 LOWER - -0.03 ✅ Price above EMA and VWAP BULLISH TREND ✅ MACD bullish curl MACD 12-26 croisé près de 0 ou EMA haussiers ✅ StochRSI oversold bounce STOCH RSI 5-5-10-10 haussier ✅ +DI > -DI and +DI > ADX ✅ RSI < 30 (oversold bounce) ✅ Bullish engulfing candle ✅ Green dot plotted when all conditions are met
Pine Script® indicator
by emilbotezatu
AVWAP with Auto DetectionThis is a comprehensive **AVWAP (Anchored Volume Weighted Average Price) indicator** for TradingView that provides multiple VWAP calculations with automatic detection and customizable anchor points. ## Key Features **Automatic AVWAP Calculations:** - **Year-to-Date (YTD) AVWAP** - Automatically calculates from January 1st of the current year - **Month-to-Date (MTD) AVWAP** - Automatically calculates from the 1st of the current month **Custom AVWAP Anchors:** - Up to **6 custom AVWAP lines** with user-defined start dates - Each custom AVWAP can be individually enabled/disabled - Customizable colors for each AVWAP line - Date format display (YYYY-MM-DD) for easy identification **Visual Elements:** - **AVWAP lines** plotted directly on the chart with customizable colors - **Anchor point markers** showing where each AVWAP calculation begins - **Price labels** on the latest bar showing current AVWAP values - **Comprehensive data table** displaying all AVWAP values and price distances **Interactive Table:** - Shows AVWAP values, current prices, and percentage distance from each AVWAP - Color-coded distance indicators (green for above AVWAP, red for below) - Adjustable table position (4 corner options) - Toggle table visibility on/off **User Controls:** - Enable/disable individual AVWAP calculations - Customize colors for each AVWAP line - Set custom anchor dates for historical analysis - Adjust table display preferences This indicator is particularly useful for traders who want to track multiple AVWAP levels simultaneously, analyze price behavior relative to volume-weighted averages from specific dates, and monitor both automatic (YTD/MTD) and custom time period VWAPs in a single, organized display.
Pine Script® indicator
by bole92171
MestreDoFOMO MACD VisualMasterDoFOMO MACD Visual Description MasterDoFOMO MACD Visual is a custom indicator that combines a unique approach to MACD with stochastic logic and simulated Renko-based direction signals. It is designed to help traders identify entry and exit opportunities based on market momentum and trend changes, with a clear and intuitive visualization. How It Works Stylized MACD with Stochastic: The indicator calculates the MACD using EMAs (exponential moving averages) normalized by stochastic logic. This is done by subtracting the lowest price (lowest low) from a defined period and dividing by the range between the highest and lowest price (highest high - lowest low). The result is a MACD that is more sensitive to market conditions, magnified by a factor of 10 for better visualization. Signal Line: An EMA of the MACD is plotted as a signal line, allowing you to identify crossovers that indicate potential trend reversals or continuations. Histogram: The difference between the MACD and the signal line is displayed as a histogram, with distinct colors (fuchsia for positive, purple for negative) to make momentum easier to read. Simulated Renko Direction: Uses ATR (Average True Range) to calculate the size of Renko "bricks", generating signals of change in direction (bullish or bearish). These signals are displayed as arrows on the chart, helping to identify trend reversals. Purpose The indicator combines the sensitivity of the Stochastic MACD with the robustness of Renko signals to provide a versatile tool. It is ideal for traders looking to capture momentum-based market movements (using the MACD and histogram) while confirming trend changes with Renko signals. This combination reduces false signals and improves accuracy in volatile markets. Settings Stochastic Period (45): Sets the period for calculating the Stochastic range (highest high - lowest low). Fast EMA Period (12): Period of the fast EMA used in the MACD. Slow EMA Period (26): Period of the slow EMA used in the MACD. Signal Line Period (9): Period of the EMA of the signal line. Overbought/Oversold Levels (1.0/-1.0): Thresholds for identifying extreme conditions in the MACD. ATR Period (14): Period for calculating the Renko brick size. ATR Multiplier (1.0): Adjusts the Renko brick size. Show Histogram: Enables/disables the histogram. Show Renko Markers: Enables/disables the Renko direction arrows. How to Use MACD Crossovers: A MACD crossover above the signal line indicates potential bullishness, while below suggests bearishness. Histogram: Fuchsia bars indicate bullish momentum; purple bars indicate bearish momentum. Renko Arrows: Green arrows (upward triangle) signal a change to an uptrend; red arrows (downward triangle) signal a downtrend. Overbought/Oversold Levels: Use the levels to identify potential reversals when the MACD reaches extreme values. Notes The chart should be set up with this indicator in isolation for better clarity. Adjust the periods and ATR multiplier according to the asset and timeframe used. Use the built-in alerts ("Renko Up Signal" and "Renko Down Signal") to set up notifications of direction changes. This indicator is ideal for day traders and swing traders who want a visually clear and functional tool for trading based on momentum and trends.
Pine Script® indicator
by MestreDoFOMO
Super Arma Institucional PRO v6.3Super Arma Institucional PRO v6.3 Description Super Arma Institucional PRO v6.3 is a multifunctional indicator designed for traders looking for a clear and objective analysis of the market, focusing on trends, key price levels and high liquidity zones. It combines three essential elements: moving averages (EMA 20, SMA 50, EMA 200), dynamic support and resistance, and volume-based liquidity zones. This integration offers an institutional view of the market, ideal for identifying strategic entry and exit points. How it Works Moving Averages: EMA 20 (orange): Sensitive to short-term movements, ideal for capturing fast trends. SMA 50 (blue): Represents the medium-term trend, smoothing out fluctuations. EMA 200 (red): Indicates the long-term trend, used as a reference for the general market bias. Support and Resistance: Calculated based on the highest and lowest prices over a defined period (default: 20 bars). These dynamic levels help identify zones where the price may encounter barriers or supports. Liquidity Zones: Purple rectangles are drawn in areas of significantly above-average volume, indicating regions where large market participants (institutional) may be active. These zones are useful for anticipating price movements or order absorption. Purpose The indicator was developed to provide a clean and institutional view of the market, combining classic tools (moving averages and support/resistance) with modern liquidity analysis. It is ideal for traders operating swing trading or position trading strategies, allowing to identify: Short, medium and long-term trends. Key support and resistance levels to plan entries and exits. High liquidity zones where institutional orders can influence the price. Settings Show EMA 20 (true): Enables/disables the 20-period EMA. Show SMA 50 (true): Enables/disables the 50-period SMA. Show EMA 200 (true): Enables/disables the 200-period EMA. Support/Resistance Period (20): Sets the period for calculating support and resistance levels. Liquidity Sensitivity (20): Period for calculating the average volume. Minimum Liquidity Factor (1.5): Multiplier of the average volume to identify high liquidity zones. How to Use Moving Averages: Crossovers between the EMA 20 and SMA 50 may indicate short/medium-term trend changes. The EMA 200 serves as a reference for the long-term bias (above = bullish, below = bearish). Support and Resistance: Use the red (resistance) and green (support) lines to identify reversal or consolidation zones. Liquidity Zones: The purple rectangles highlight areas of high volume, where the price may react (reversal or breakout). Consider these zones to place orders or manage risks. Adjust the parameters according to the asset and timeframe to optimize the analysis. Notes The chart should be configured only with this indicator to ensure clarity. Use on timeframes such as 1 hour, 4 hours or daily for better visualization of liquidity zones and support/resistance levels. Avoid adding other indicators to the chart to keep the script output easily identifiable. The indicator is designed to be clean, without explicit buy/sell signals, following an institutional approach. This indicator is perfect for traders who want a visually clear and powerful tool to trade based on trends, key levels and institutional behavior.
Pine Script® indicator
by MestreDoFOMO
EBOT LEVEL 2 Strongest Bullish Signal Here is your enhanced Pine Script (v6) with the strongest bullish conditions added for maximum clarity and ~70% success potential, including: ✅ Volume breakout over THE MEDIUM MA LENGHT 20 ✅ Momentum 80 Over the median POSITIF - GREEN DOT ✅ Momentum 80 LOWER - -0.03 ✅ Price above EMA and VWAP BULLISH TREND ✅ MACD bullish curl MACD 12-26 croisé près de 0 ou EMA haussiers ✅ StochRSI oversold bounce STOCH RSI 5-5-10-10 haussier ✅ +DI > -DI and +DI > ADX ✅ RSI < 30 (oversold bounce) ✅ Bullish engulfing candle ✅ Green dot plotted when all conditions are met
Pine Script® indicator
by emilbotezatu
MACD 4H-1H con RSI Bands y SeñalesThis is a set of 3 indicators: • Macd • IPDA • Bitcoin Halving With these 3 indicators, you can create a fairly accurate strategy, although it still requires supervision. The cool part is that it colors the background of the chart red or green based on the 4h MacD indicator. This way, you can enter a Long or Short position according to the 1h chart, always looking at the 4h background color, so the entry on the 1h chart would be in line with the higher 4h trend. ESPAÑOL Este es un conjunto de 3 indicadores: - Macd - IPDA - Halving Bitcoin Con estos 3 indicadores se puede crear una estrategia, bastante asertiva, pero que igual requiere supervisión La gracia es que marca el fondo del grafico de color rojo o verde, segun el indicador MacD en 4h, entonces uno puede ingresar con Long o Short, segun sea el caso en 1h, viendo siempre el fondo de color en 4h, por lo cual la entrada en 1h seria seguiendo la tendencia superior de 4h
Pine Script® indicator
by rgomez74
RSI.TrendContext The Relative Strength Index (RSI) is one of the most widely used classical indicators in technical analysis, typically employed to identify overbought or oversold market conditions. It reflects the degree of upside or downside dominance within a specified period. However, in its standard form, RSI is not particularly effective as a standalone entry trigger. The RSI.Trend indicator enhances the RSI to provide a more reliable method for distinguishing between bullish and bearish market regimes and offers specific entry triggers. It adds supplementary value to the pure RSI read.________________________________________ Concept In trending markets, an Exponential Moving Average (EMA) of the price is often smoother and more stable than raw price data. As a result, the RSI calculated on this smoothed price (i.e., the EMA) tends to react earlier and more consistently than the standard RSI. Specifically: • In uptrends, the RSI of the EMA tends to exceed the RSI of the original price. • In downtrends, it tends to lag behind. The difference between these two RSI readings provides a stable and less noisy measure of market bias—positive in uptrends, negative in downtrends. The crossing points can serve as entry triggers. This is, what the RSI.Trend is trying to capture. ________________________________________ The RSI.Trend indicator operates as follows: • It first computes the 5-period EMA of the price series of the underlying ("EMA5"). • It calculates the 14-period RSI of the original price series ("RSI") as well as the 14-period RSI of EMA5 ("RSIEMA"). • It then determines the 14-period EMA of RSI ("RSI.MA") and RSIEMA ("RSIEMA.MA"). These values are used to define a Baseline and a Trigger Line: • Baseline: The average of RSI and RSI.MA. • Trigger Line: The average of RSIEMA and RSIEMA.MA. Essentially, the baseline represents a smoother version of the RSI of the original price series, while the trigger line is a smoother version of the RSI on the EMA5 of the original price series. Additionally, the RSI.Trend Background Value is calculated as the difference between the Trigger Line and the Baseline, slightly accelerated by incorporating the current bias of this difference. This acceleration causes the Background Value to react somewhat faster than the pure difference between the two lines. How to use the RSI.Trend: • As mentioned in the introductory context, during uptrends, the trigger line remains above the baseline; in downtrends, it stays below the baseline. • A crossover of the baseline by the trigger line indicates a regime shift from bearish to bullish and can signal avoiding adding short positions, closing short positions, or adding long positions. • A crossunder of the baseline by the trigger line indicates a regime shift from bullish to bearish and can signal avoiding adding long positions, closing long positions, or adding short positions. • The level of the Trigger Line can serve as a confidence indicator; for instance, if the trigger line crosses under the baseline coming from very high values, it implies high confidence. • The Background Value indicates the accelerated difference between the two lines: o > 0 (Green background): Indicates a Bullish regime. o < 0 (Red background): Indicates a Bearish regime. The Background Value reacts slightly faster than line crossings due to its acceleration relative to the difference of the two lines. Including these lines in the script besides the Background Value, provides insight into their levels and their origins, aiding in formulating confidence in an entry trigger, which the background value alone cannot provide. The change in slope of the trigger Line can also be used as an early and fast position-trigger. Finally, the Background Value can be utilized in continuous trading scenarios (i.e., no entry points, always engaged) as a multiplier on a predefined max-exposure value, representing the current exposure as a fraction of that max-exposure. The usage of RSI.Trend is also exemplified in the introductory chart.________________________________________ Final Notes As with all indicators, the RSI.Trend is most effective when used in conjunction with other technical tools and market context. It does not predict future price movements; rather, it reflects current market dynamics and recent directional tendencies. Use it with discretion and as part of a broader trading strategy.
Pine Script® indicator
by parsifaltrading
Pin Bar Highlighter OnlyAbsolutely — here’s a full **description and breakdown** of what the script does: --- ## 📜 Script Name: **"Pin Bar Highlighter Only"** --- ## 🎯 Purpose: This script **detects and highlights classic pin bar reversal candles** directly on the chart — without plotting any entry, stop loss, or take profit levels. It’s designed for traders who: * Want to manually assess trades * Prefer a clean chart * Use pin bar price action as a signal for potential reversals --- ## ✅ What It Does: * **Scans each candle** to check if it qualifies as a **bullish** or **bearish pin bar** * If valid: * Plots a **green triangle below** bullish pin bars * Plots a **red triangle above** bearish pin bars * Keeps your chart **minimal and uncluttered** --- ## 📌 How It Detects a Pin Bar: ### 🔹 1. Candle Structure: * Measures the total candle range: `high - low` * Calculates the **body size**: `abs(close - open)` * Calculates the **upper and lower wick sizes** ### 🔹 2. Pin Bar Criteria: * The **wick (nose)** must be at least **2/3 of the total candle length** * The **body** must be small — **≤ 1/3** of the total range * The **body** must be located at **one end** of the candle * The wick must **pierce the high/low** of the previous candle --- ## 📍 Bullish Pin Bar Requirements: * Close > Open (green candle) * Lower wick ≥ 66% of candle range * Body ≤ 33% of range * Candle **makes a new low** (current low < previous low) ### 📍 Bearish Pin Bar Requirements: * Close < Open (red candle) * Upper wick ≥ 66% of candle range * Body ≤ 33% of range * Candle **makes a new high** (current high > previous high) --- ## 🖼️ Visual Output: * 🔻 Red triangle **above** bearish pin bars * 🔺 Green triangle **below** bullish pin bars --- ## 🛠️ Example Use Cases: * Identify **reversal points** at support/resistance * Confirm signals with **VWAP**, supply/demand zones, or AVWAP (manually plotted) * Use in **conjunction with other strategies** — without clutter ---
Pine Script® indicator
by farimanga87