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Buy/Sell Setup counter to 9For a buy setup: Any candle whose closing price is lower than the closing price four candles earlier. For a sell setup: Any candle whose closing price is higher than the closing price four candles earlier. The count starts at 1 as soon as a candle meets the condition and is increased by 1 for each additional matching candle. Interruption: If a candle does not meet the condition, the counter is reset to 0 and restarts at the next matching signal. A maximum of 9 is counted – this is the end of the setup. In the chart, this number is displayed above (for sell) or below (for buy) the respective candle.
Pine Script® indicator
by FadeToTrade
Recovery Zone Hedging [Starbots]Recovery Zone Hedging Strategy — Advanced Adaptive Hedge Recovery System This strategy introduces an innovative zone-based hedge recovery approach tailored to TradingView’s single-direction trading model. Designed for serious traders and professionals, it combines multiple technical indicators with dynamic position sizing and adaptive take-profit mechanisms to manage drawdowns and maximize recovery efficiency. How Recovery Zones Are Calculated The strategy defines recovery zones as a configurable percentage distance from the last executed trade price. This percentage can be adjusted to suit different market volatility environments — wider zones for volatile assets, tighter zones for stable ones. When price moves into a recovery zone against the open position, the strategy places a hedge trade in the opposite direction to help recoup losses. Dynamic Take-Profit Calculation Take-profit targets are not fixed. Instead, they increase dynamically based on any accumulated losses from previous hedge trades. For example, if your initial target is 2%, but you have a $5 loss from prior hedges, the next take-profit target adjusts upward to cover both the loss and your profit goal, ensuring the entire hedge sequence closes in net profit. Originality & Value Unlike traditional hedging or recovery scripts that rely on static stop losses and fixed trade sizing, this strategy offers: - Dynamic Hedge Entry Zones: Uses configurable percentage-based recovery zones that adapt to price volatility, allowing precise placement of hedge trades at meaningful reversal levels. - Multi-Indicator Signal Fusion: Integrates MACD and Directional Movement Index (DMI) signals to confirm trade entries, improving signal accuracy and reducing false triggers. - Exponential Position Sizing: Each hedge trade’s size grows exponentially using a customizable multiplier, accelerating loss recovery while carefully balancing capital usage. - Adaptive Take-Profit Logic: The take-profit target adjusts dynamically based on accumulated losses and profit margins, ensuring that the entire hedge sequence closes with a net gain. - Capital Usage Monitoring: A built-in dashboard tracks real-time equity consumption, preventing over-leveraging by highlighting critical capital thresholds. - Fail-Safe Exit Mechanism: An optional forced exit beyond the last hedge zone protects capital in extreme market scenarios. This strategy’s layered design and adaptive mechanisms provide a unique and powerful tool for traders seeking robust recovery systems beyond standard hedge or martingale methods. How Components Work Together - Entry Signals: The script listens for MACD line crossovers and DMI directional crosses to open an initial trade. - Recovery Zones: If the market moves against the initial position, the strategy calculates a recovery zone a set percentage away and places a hedge trade in the opposite direction. - Position Scaling: Each subsequent hedge trade increases in size exponentially according to the hedge multiplier, designed to recover all previous losses plus a profit. - Take-Profit Target: Rather than a fixed target, the TP level is dynamically calculated considering current drawdown and desired profit margin, ensuring the entire hedge sequence closes profitably. - Cycle Management: Trades alternate direction following the recovery zones until profit is realized or a maximum hedge count is reached. If needed, a forced stop-out limits risk exposure. Key Benefits for Professional Traders - Enhanced Risk Management: Real-time capital usage visualization helps maintain safe exposure levels. - Strategic Hedge Recovery: The adaptive recovery zones and exponential sizing accelerate loss recoupment more efficiently than traditional fixed-step systems. - Multi-Indicator Confirmation: Combining MACD and DMI reduces false signals and improves hedge timing accuracy. - Versatility: Suitable for multiple timeframes and asset classes with adjustable parameters. - Comprehensive Visuals: On-chart recovery zones, hedge levels, dynamic take-profits, and equity usage tables enable informed decision-making. Recommended Settings & Use Cases - Initial Position Size: 0.1–1% of account equity - Recovery Zone Distance: 2–5% price movement - Hedge Multiplier: 1.5–1.85x growth per hedge step - Max Hedge Steps: 5–10 for controlled risk exposure Ideal for trending markets where price retracements create viable recovery opportunities. Use caution in sideways markets to avoid extended hedge sequences. Important Notes - TradingView’s single-direction model means hedging is simulated via alternating trades. - Position sizes grow rapidly—proper parameter tuning is essential to avoid over-leveraging. This script is designed primarily for professional traders seeking an advanced, automated hedge recovery framework, offering superior capital efficiency and loss management.
Pine Script® strategy
by Starbots
Two Dot Closed 5ma VarianceThe concept behind this indicator is I have worked with a 5 simple moving average for a very long time. More significantly I changed the mode of the ma from a line to a DOT format. While price action moves upward the 5 MA stretches its values between bars, doing the same as it moves down. This becomes so much more obvious in DOT format. It is the turning points of direction where the variance between the DOTS of the 5 MA closes. Flattening the DOTS! I created this indicator for XAUUSD 30 minute chart. Do with as you see fit. The indicator has a function that you can assign a MAX and MIN variance of the 5 MA right down to 0.10 cents. If closing value of 5 MA is within your set amount an ALERT is given. The actual variance is given in the leading flag and is of the prior 2 closed values.
Pine Script® indicator
by TraderAl1963
zSph x Larry Waves Wave Zone ForecastElliott Waves and Fibonacci Ratio Lengths have a strong correlated relationship when observing the general strength and termination of both Impulse (Motive) Waves and Corrective Waves. There are certain Fibonacci levels that are highly reactive when applying it from a Wave Analysis perspective and being aware of the current wave sequence is required. Often, those beginning their Elliott Wave journey and studies are unsure what Fibonacci levels are relevant and how to apply it to the wave structure that is being observed – this tool removes that ambiguity on placement. Being aware of the predisposed levels that have a high rate of reaction can assist in managing trades from a scalp intra-day approach, a day trading approach, and a swing trading approach. # Concept This tool helps with identifying zones that are relevant to the wave that is currently in progression upon the market and visualize important Fibonacci levels where reactions often occur from an Elliott Wave perspective such as: Wave 2 Wave 3 Wave 4 Wave 5 Wave B Zigzag Wave B Flat Wave X Zigzag Wave X Flat Wave C Wave Y This helps remove almost all the manual labor of updating fib levels, selecting certain fib levels, and manually moving the fib levels as price continues to print while autonomously providing the levels visually. # Correct Usage Wave 3 / Wave C / Wave Y Once a clear impulse/motive structure has been identified for a Wave 1, Wave A or Wave W, apply the indicator to the structure. Anchor 1 is the beginning of the impulse for Wave 1 or A or W. Anchor 2 is the end of the impulse for Wave 1 or A or W. The result is the standard zones for Wave 3, Wave C and Wave Y. BINANCE:LINKUSD Wave 4 Once a clear impulse/motive structure has been identified for Wave 3, apply the indicator to the structure. Anchor 1 is the beginning of Wave 3 (or the end of Wave 2) Anchor 2 is the end of Wave 3 (or the beginning of Wave 4) The result is the standard zone for Wave 4. LINKUSD Wave B / Wave X / Wave C / Wave Y Once a clear 3-wave corrective has been identified for a potential Corrective pattern, apply the indicator to the structure. - Anchor 1 is the end of beginning of Wave A or Wave W - Anchor 2 is the end of Wave A or Wave W The result is the standard zones Waves B / X and Waves C / Y for Zigzags, Flats and Combos. BINANCE:LINKUSD # Settings "Show Labels" will toggle on and off the labels for each fib zone, each fib line, and invalidation ticks that are in the 2/3 – B/C option to help with calculating risk management quickly. "Use Log Scale" will allow you to toggle on/off the log scale for log fibs "Extend Lines" will allow you to extend the fib lines to current price action from the Elliott Wave Zones to see reactions off the fib levels. “Extend Zones” will allow you to extend the overall zone for the fibs to current price action from the Elliott Wave Zones to see reactions off the zone. There is also user customization of color use for the zones/. “Fib Levels” will allow you to customize the lines and colors of the fibs lines. “X-Axis Offset” will increase or decrease the position of the fibs of the zones (not the extension boxes)..
Pine Script® indicator
by zSph_
Price Opening LevelsThis TradingView indicator by SnipingInTheRange is designed specifically for futures and indices. It plots key market opening prices: - Daily, Weekly, Monthly Opens - SITR Price Open — the 9:30 AM New York session open The SITR Price Open is the core level, marking the exact price when the NYSE opens. It’s labeled clearly and used as a strategic anchor for intraday trades, reflecting institutional momentum and volatility. Customizable features include line styles, colors, label visibility, and offset positioning—giving futures and index traders clean, precise visual cues for high-probability setups.
Pine Script® indicator
by snipingintherange
Price Tracker/galgoomThis indicator is designed for Renko chart traders who want to combine price action relative to a key line (qLine) with Moneyball buy/sell signals as a confirmation. It helps filter trades so you only get signals when both conditions align within a chosen time window. How It Works First Event – Price Trigger Detects when the Renko close crosses above/below your selected qLine plot from the qPro indicator. You can choose between: Cross – only triggers on an actual crossover/crossunder. State (Close) – triggers whenever price closes above/below qLine. Second Event – Moneyball Confirmation Waits for Moneyball’s Buy Signal (for long) or Bear/Sell Signal (for short) plot to fire. You select the exact Moneyball plot from the source menu. You can specify how the Moneyball signal is interpreted (== 1, >= 1, or any nonzero value). Sequential Logic The Moneyball signal must occur within N Renko bricks after the price event. The final buy/sell signal is printed on the Moneyball bar. Key Features Works natively on Renko charts. Adjustable confirmation window (0–5 bricks). Flexible detection for both qLine and Moneyball signals. Customizable label sizes, arrow display, and alerts. Alerts fire for both buy and sell conditions: BUY: qLine ➜ Moneyball Buy SELL: qLine ➜ Moneyball Sell Inputs qLine Source – Pick the qPro qLine plot. Price Event Type – Cross or State. Moneyball Buy/Sell Signal Plots – Select the correct plots from your Moneyball indicator. Confirmation Window – Bars allowed between events. Visual Settings – Label size, arrow visibility, etc. Use Case Ideal for traders who: Want a double-confirmation entry system. Use Renko charts for cleaner trend detection. Already have qPro and Moneyball loaded, but want an automated, rule-based confluence check. 38 minutes ago Release Notes This indicator is designed for Renko chart traders who want to combine price action relative to a key line (qLine) with Moneyball buy/sell signals as a confirmation. It helps filter trades so you only get signals when both conditions align within a chosen time window. How It Works First Event – Price Trigger Detects when the Renko close crosses above/below your selected qLine plot from the qPro indicator. You can choose between: Cross – only triggers on an actual crossover/crossunder. State (Close) – triggers whenever price closes above/below qLine. Second Event – Moneyball Confirmation Waits for Moneyball’s Buy Signal (for long) or Bear/Sell Signal (for short) plot to fire. You select the exact Moneyball plot from the source menu. You can specify how the Moneyball signal is interpreted (== 1, >= 1, or any nonzero value). Sequential Logic The Moneyball signal must occur within N Renko bricks after the price event. The final buy/sell signal is printed on the Moneyball bar. Key Features Works natively on Renko charts. Adjustable confirmation window (0–5 bricks). Flexible detection for both qLine and Moneyball signals. Customizable label sizes, arrow display, and alerts. Alerts fire for both buy and sell conditions: BUY: qLine ➜ Moneyball Buy SELL: qLine ➜ Moneyball Sell Inputs qLine Source – Pick the qPro qLine plot. Price Event Type – Cross or State. Moneyball Buy/Sell Signal Plots – Select the correct plots from your Moneyball indicator. Confirmation Window – Bars allowed between events. Visual Settings – Label size, arrow visibility, etc. Use Case Ideal for traders who: Want a double-confirmation entry system. Use Renko charts for cleaner trend detection. Already have qPro and Moneyball loaded, but want an automated, rule-based confluence check.
Pine Script® indicator
by galgoom
Ethereum Logarithmic Regression BandsOverview This indicator displays logarithmic regression bands for Ethereum. Logarithmic regression is a statistical method used to model data where growth slows down over time. I initially created these bands in 2021 using a spreadsheet, and later coded them in TradingView in 2022. Over time, the bands proved effective at capturing bull market peaks and bear market lows. In 2025, I decided to share this indicator because I believe these logarithmic regression bands offer the best fit for the Ethereum chart. How It Works The logarithmic regression lines are fitted to the Ethereum (ETHUSD) chart using two key factors: the 'a' factor (slope) and the 'b' factor (intercept). The formula for logarithmic regression is 10^((a * ln) - b). How to Use the Logarithmic Regression Bands 1. Lower Band: The lower (blue) band forms a potential support area for Ethereum’s price. Historically, Ethereum has found its lows within this band during past market cycles. When the price is within the lower band, it suggests that Ethereum is undervalued. 2. Upper Band: The upper (red) band forms a potential resistance area for Ethereum’s price. The logarithmic band is fitted to the past two market cycle peaks; therefore, there is not enough historical data to be sure it will reach the upper band again. However, the chance is certainly there! If the price is within the upper band, it indicates that Ethereum is overvalued and that a potential price correction may be imminent.
Pine Script® indicator
by CryptoRiskAlert
JJ Tuesday Expiry Highlighter – SensexHighlights every Tuesday across your chart for quick identification of Indian market weekly expiry days (Sensex expiry = Tuesday). Features: • Works on all timeframes • Customizable highlight color • Optional "Expiry" label on daily charts • Useful for options traders tracking weekly expiry trends Disclaimer: This script is for informational and educational purposes only. It does not constitute financial advice or a recommendation to trade. Please do your own research and consult a licensed financial advisor. Pro Tip: Duplicate this script and change `dayofweek.tuesday` to `dayofweek.thursday` to mark Nifty expiry days as well.
Pine Script® indicator
by JoanJagan
Renko Price TrackerRenko Sequential Signal – qLine + Moneyball Confirmation This indicator is designed for Renko chart traders who want to combine price action relative to a key line (qLine) with Moneyball buy/sell signals as a confirmation. It helps filter trades so you only get signals when both conditions align within a chosen time window. How It Works First Event – Price Trigger Detects when the Renko close crosses above/below your selected qLine plot from the qPro indicator. You can choose between: Cross – only triggers on an actual crossover/crossunder. State (Close) – triggers whenever price closes above/below qLine. Second Event – Moneyball Confirmation Waits for Moneyball’s Buy Signal (for long) or Bear/Sell Signal (for short) plot to fire. You select the exact Moneyball plot from the source menu. You can specify how the Moneyball signal is interpreted (== 1, >= 1, or any nonzero value). Sequential Logic The Moneyball signal must occur within N Renko bricks after the price event. The final buy/sell signal is printed on the Moneyball bar. Key Features Works natively on Renko charts. Adjustable confirmation window (0–5 bricks). Flexible detection for both qLine and Moneyball signals. Customizable label sizes, arrow display, and alerts. Alerts fire for both buy and sell conditions: BUY: qLine ➜ Moneyball Buy SELL: qLine ➜ Moneyball Sell Inputs qLine Source – Pick the qPro qLine plot. Price Event Type – Cross or State. Moneyball Buy/Sell Signal Plots – Select the correct plots from your Moneyball indicator. Confirmation Window – Bars allowed between events. Visual Settings – Label size, arrow visibility, etc. Use Case Ideal for traders who: Want a double-confirmation entry system. Use Renko charts for cleaner trend detection. Already have qPro and Moneyball loaded, but want an automated, rule-based confluence check.
Pine Script® indicator
by galgoom
Fed Cuts (ZQ) - Clear Signal (0-100)Description: 0–100 “cuts signal” for how much markets expect the Fed to cut rates over the next ~12 months. Colors at a glance: 0–33 = Calm (blue) : little/no cuts priced. 33–66 = Watch (amber) : cuts meaningfully priced. 66–100 = Act (red) : substantial cuts priced / accelerating. Key cues to watch: Crosses up through 33 → “Watch”: prep reallocations; tighten risk; line up entries. Crosses up through 66 → “Act”: tilt toward cut-beneficiaries; be careful with rate-sensitive cyclicals. Falls back below 66: urgency cooling—scale back aggressive tilts. Falls back below 33: back to baseline—return to neutral playbook. Fast jumps (few days): rapid repricing—expect headline sensitivity. Best use: Pair with my Risk mood and Labor Softness indicator. Strong agreement = higher-conviction moves. Symbols (once): Near = ZQ1!; Far ≈ ZQ13! (or same month next year). Adjust smoothing if it looks jumpy.
Pine Script® indicator
by Skapez
استراتژی ساز نئو 01 🇮🇷 A **Strategy Builder** is a tool or framework that lets you **design, test, and optimize** a trading strategy based on predefined rules and conditions. **Purpose** The main goal is to remove emotional decision-making from trading by replacing it with systematic, rule-based execution. **How it works** 1. **Define rules** – You set entry, exit, and risk management conditions (e.g., *Buy when the 50-period moving average crosses above the 200-period moving average*). 2. **Choose parameters** – Such as indicator periods, stop-loss levels, take-profit targets, or position sizing methods. 3. **Backtesting** – The builder tests these rules on historical price data to show how the strategy would have performed in the past. 4. **Optimization** – Adjust the parameters to find the most effective setup while avoiding overfitting. 5. **Deployment** – Use the final strategy either for manual trading or connect it to an automated trading bot. **Key Benefits** * **Consistency** – Eliminates impulsive trades. * **Data-driven decisions** – Every trade is based on tested rules, not guesswork. * **Time-saving** – Once the rules are set, execution can be automated. * **Scalability** – You can create multiple strategies for different markets or timeframes. **Example** Imagine you want to trade EUR/USD: * **Entry rule:** Buy when RSI < 30 and the price is above the 50 SMA. * **Exit rule:** Sell when RSI > 70 or price falls below the 50 SMA. * **Risk control:** Risk 2% of account balance per trade. A Strategy Builder lets you input those rules, run them on 5 years of EUR/USD historical data, and see metrics like win rate, maximum drawdown, and profit factor before risking real money. --- If you want, I can give you a **visual diagram** showing how the process flows from idea → testing → optimization → execution. That makes the concept much easier to grasp.
Pine Script® strategy
by Kobewong1
Sniper NAS100 Swiss Knife IndicatorSniper Trading System – Master Indicator Description: “Trade with the precision of the market makers themselves.” The Sniper Trading System – Master Indicator is the crown jewel of institutional-level trading tools, engineered for those who demand perfect timing, deadly accuracy, and surgical execution in any market. Designed by a 3× ASCAP Award-winning, multi–funded prop firm trader, this system fuses algorithmic precision with battle-tested price action logic, delivering an unmatched trading edge across Forex, Futures, Indices, and Crypto. Core Features Dealer Range Mapping – Auto-detects the hidden accumulation/distribution zones that drive market direction. Multi-Standard Deviation Targets – Projected with gradient precision (+1 to +4 / -1 to -4) for scalps or swing holds. 12 AM Bias Candle Logic – Reveals the true daily directional bias before the herd even wakes up. Liquidity Sweep Detection – Spots equal highs/lows & engineered stop hunts before the main move. Kill Zone Time Windows – Pre-programmed with the London Session Sniper Hours & New York Precision Plays. Multi-Timeframe RSI Filter – Filters false signals & highlights exhaustion points for sniper entries. Dynamic Alerts – Fire real-time push, email, or webhook notifications for entry, exit, and confluence events. How It Works Identify Bias – Use the 12 AM candle + DXY/RSI overlays to confirm bullish or bearish control. Wait for Liquidity Sweep – Let the market makers hunt stops; your job is to wait. Execute at Kill Zones – Follow the preloaded precision entry times for God-tier sniper plays. Ride to Target Zones – Exit at projected standard deviation levels for mathematically consistent profits. Ideal For Day Traders looking for clean entries and exits.
Pine Script® indicator
by Master-Jedi-Trader
NTX STOCKS V.1الوصف بالعربي مؤشر NTX STOCKS V.1 مصمم خصيصًا لتداول الأسهم على مختلف الأسواق، ويعمل بكفاءة عالية على الفريمات الكبيرة: ساعة، 4 ساعات، ويومي. المؤشر مناسب للتداول في السوق السعودي و السوق الأمريكي، ويوفر إشارات دخول وخروج واضحة تساعد المتداول على اتخاذ قراراته بثقة. المميزات: • يعمل على فريم الساعة، 4 ساعات، واليومي. • إشارات بيع وشراء واضحة. • مناسب للأسواق السعودية والأمريكية. • سهل الاستخدام وملائم للمتداولين المبتدئين والمحترفين. ⸻ Description in English The NTX STOCKS V.1 indicator is designed specifically for stock trading across multiple markets, performing best on higher timeframes: 1 Hour, 4 Hours, and Daily. It is suitable for both the Saudi stock market and the U.S. stock market, providing clear buy and sell signals to help traders make confident decisions. Features: • Works on 1H, 4H, and Daily charts. • Clear buy/sell signals. • Suitable for Saudi and U.S. stock markets. • Easy to use for both beginners and professional traders. ⸻
Pine Script® indicator
by NTXCAPITAL
NTX CAPITAL SPX V.1الوصف بالعربي مؤشر NTX SPX Options مصمم خصيصًا لتداول عقود الأوبشن على SPX، ويعمل حصريًا على إطار زمني 15 دقيقة. 📌 مهم: يجب استخدام المؤشر على شارت S&P 500 (SP500) وليس شارت SPX. يوفر المؤشر إشارات CALL و PUT عالية الدقة، مع عرض أهداف الربح مباشرة على الشارت، مما يساعد المتداول على الدخول بثقة وإدارة الصفقة باحترافية. تم تطويره ليجمع بين الدقة والوضوح وسهولة الاستخدام، ليناسب جميع أنماط التداول على الـ SPX. المميزات: • يعمل على فريم الربع ساعة فقط. • إشارات دخول مباشرة (CALL / PUT). • تحديد الأهداف بدقة على الشارت. • مثالي لتداول عقود الأوبشن على SPX. ⸻ Description in English The NTX SPX Options indicator is specifically designed for trading SPX options, optimized for the 15-minute timeframe. 📌 Important: This indicator must be used on the S&P 500 (SP500) chart, not the SPX chart. It provides highly accurate CALL and PUT signals, along with clearly defined profit targets plotted directly on the chart, helping traders enter with confidence and manage trades professionally. Developed for precision, clarity, and ease of use, making it ideal for all SPX trading styles. Features: • Works exclusively on the 15-minute chart. • Instant entry signals (CALL / PUT). • Precise profit targets displayed on the chart. • Perfect for trading SPX options contracts. ⸻
Pine Script® indicator
by NTXCAPITAL
NTX OPTIONS V.1تمام، بحط لك وصف احترافي يليق بالعرض في TradingView، ويكون باللغتين العربي والإنجليزي. ⸻ الوصف بالعربي مؤشر NTX Options مصمم خصيصًا لتداول عقود الأوبشن على الأسهم، ويعمل على إطار زمني 15 دقيقة فقط. يقوم المؤشر بإعطاء إشارات CALL و PUT واضحة، مع تحديد أهداف الربح بدقة لمساعدة المتداول على إدارة صفقاته بثقة. تم تصميمه ليتناسب مع المتداولين المحترفين والهواة على حد سواء، مع التركيز على بساطة الاستخدام ووضوح الإشارات. المميزات: • يعمل على فريم الربع ساعة فقط. • إشارات دخول واضحة (CALL / PUT). • تحديد الأهداف مباشرة على الشارت. • مناسب لتداول الأوبشن على الشركات الأمريكية. ⸻ Description in English The NTX Options indicator is designed specifically for trading stock options, optimized for the 15-minute timeframe only. It provides clear CALL and PUT signals, along with precise profit targets to help traders manage their trades with confidence. Built for both professional and novice traders, with a focus on simplicity and clarity of signals. Features: • Works exclusively on the 15-minute chart. • Clear entry signals (CALL / PUT). • Automatically plots profit targets on the chart. • Ideal for trading stock options on U.S. companies. ⸻
Pine Script® indicator
by NTXCAPITAL
4
SCTI V30Description The SCTI V30 is an advanced multi-functional technical analysis indicator for TradingView that combines multiple analytical approaches into a single comprehensive tool. This indicator provides: Multiple Moving Average Types (EMA, SMA, PMA with various calculation methods) Customizable VWAP with standard deviation bands Sophisticated Divergence Detection across 12 different indicators Volume Profile Analysis with peak/trough detection Highly Configurable Display Options The indicator is designed to help traders identify trends, potential reversals, and key support/resistance levels across different timeframes. Features 1. Moving Average Systems EMA Section: 13 configurable EMA periods (8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584) SMA Section: 13 configurable SMA periods (same as EMA) PMA Section: 11 customizable moving averages with multiple calculation methods: ALMA, EMA, RMA, SMA, SWMA, VWAP, VWMA, WMA Adjustable lengths from 12 to 1056 Customizable colors, widths, and fill options between MAs 2. VWAP Implementation Multiple anchor periods (Session, Week, Month, Quarter, Year, etc.) Standard deviation or percentage-based bands Option to hide on daily/weekly/monthly timeframes Customizable band multipliers (1.0, 2.0, 3.0) 3. Divergence Detection Detects regular and hidden divergences across 12 indicators: MACD, MACD Histogram, RSI, Stochastic, CCI, Momentum OBV, VW-MACD, Chaikin Money Flow, Money Flow Index Williams %R, and custom external indicators Customizable detection parameters: Pivot point period (1-50) Source (Close or High/Low) Divergence type (Regular, Hidden, or Both) Minimum number of divergences required (1-11) Maximum pivot points to check (1-20) Maximum bars to look back (30-200) 4. Volume Profile Analysis Configurable profile length (10-5000 bars) Value Area threshold (0-100%) Profile placement (Left or Right) Number of rows (30-130) Profile width adjustment Volume node detection: Peaks (with cluster option) Troughs (with cluster option) Highest/Lowest volume nodes Customizable colors for all elements Input Parameters The indicator is organized into 7 parameter groups: Basic Indicator Settings - Toggle visibility of main components EMA Settings - Configure 13 EMA periods and visibility SMA Settings - Configure 13 SMA periods and visibility PMA Settings - Advanced moving average configuration VWAP Settings - Volume-weighted average price configuration Divergence Settings - Comprehensive divergence detection options Volume Profile & Node Detection - Volume analysis configuration How to Use Trend Identification: Use the multiple moving averages to identify trend direction and strength. The Fibonacci-based periods (21, 34, 55, 89, 144, etc.) are particularly useful for this. Support/Resistance: The VWAP and volume profile components help identify key support/resistance levels. Divergence Trading: Look for divergences between price and the various indicators to spot potential reversal points. Volume Analysis: The volume profile shows where the most trading activity occurred, highlighting important price levels. Customization: Adjust the settings to match your trading style and timeframe. The indicator is highly configurable to suit different trading approaches. Alerts The indicator includes alert conditions for: Positive regular divergence detected Negative regular divergence detected Positive hidden divergence detected Negative hidden divergence detected Any positive divergence (regular or hidden) Any negative divergence (regular or hidden) Notes The indicator may be resource-intensive due to its comprehensive calculations, especially on lower timeframes with long lookback periods. Some features (like VWAP) can be hidden on higher timeframes to improve performance. The default settings are optimized for daily charts but can be adjusted for any timeframe. This powerful all-in-one indicator provides traders with a complete toolkit for technical analysis, combining trend-following, momentum, volume, and divergence techniques into a single, customizable solution.
Pine Script® indicator
by Erens_Freedom