Get started

Cycles

Entropy [ScorsoneEnterprises]This indicator calculates the entropy of price log returns over a user-defined lookback period, providing insights into market complexity and unpredictability. Entropy measures the randomness or disorder in price movements, helping traders identify periods of high or low market uncertainty. How It Works The indicator computes the entropy of log returns (log(close/close )) using a histogram-based approach with customizable bins. Log returns are stored in an array of size N (lookback period), and entropy is calculated by: Binning the returns into bins intervals based on their range. Computing the probability distribution across bins. Calculating entropy as -Σ(p * log(p)), where p is the probability of each bin. A reference Simple Moving Average (SMA) of the entropy, with a separate lookback period (SMA_N), is plotted to highlight trends in market complexity. The entropy plot uses a gradient color scheme (red for lower entropy, teal for higher), while the SMA color shifts based on whether entropy is above (teal) or below (red) the SMA. Key Features Inputs: Lookback Period (default: 50): Number of bars for calculating log returns. Reference SMA Lookback Period (default: 100): Period for the entropy SMA. Number of Bins (default: 20): Number of histogram bins for entropy calculation. Plots: Entropy: Gradient-colored line reflecting market randomness. Reference SMA: Trend line to compare entropy against its average. Interpretation High Entropy: Indicates chaotic, unpredictable price movements, often during volatile or trendless markets. Low Entropy: Suggests more predictable, ordered price behavior, often in trending or stable markets. Compare entropy to its SMA to gauge whether current market complexity is above or below its recent average. Usage Use this indicator to assess market regimes. High entropy may signal choppy, range-bound conditions, while low entropy could indicate trending opportunities. Combine with price action or other indicators for confirmation. Examples We see on this PEPPERSTONE:COCOA chart that when entropy is low it signals a strong trend, either up or down. High entropy signals indecision and choppiness in the market. We can determine this by noticing when the value is above or below its recent average. Entropy is used in high frequency trading often. It is a nice tool for lower time frames to determine how predictable and strong a trend is. Inputs Users can enter the lookback value for entropy, bin count, and the look back for the entropy moving average. No tool is perfect, the Entropy value is also not perfect and should not be followed blindly. It is good to use any tool along with discretion and price action.
Pine Script® indicator
by ScorsoneEnterprises
1
Long-Term VWAP Mean Reversion SDCACore Idea: This indicator is designed to support Strategic Dollar Cost Averaging (SDCA) for Bitcoin using a cumulative VWAP-based mean reversion model. It helps long-term investors identify high-conviction buy zones and overbought conditions using statistical deviation from the cumulative VWAP. This indicator evaluates how much price is stretched from the true market average price, weighted by cumulative volume over time. Core Concepts and Formulas: Cumulative VWAP (Volume Weighted Average Price): VWAP cumulative = ∑(Price×Volume) / ∑Volume A long-term anchor that reflects the average dollar cost of all market participants across all candles. This version does not reset daily, unlike intraday VWAP. VWAP Deviation % : Deviation% = Price - VWAP cumulative / VWAP cumulative x 100 Shows how far current price has diverged from the long-term fair value. Z-Score of VWAP Deviation: Z= (Price−VWAP)−μ / σ (lookback period: default 200) SDCA Multiplier Mapping: *Keep in mind in my Z-Score system, -2 represents the overbought level (white horizontal line) and +2 represents oversold (cyan horizontal line) conditions. So the scores on the Y axis and Z-score in the table are reversed. | Z-Score Range | SDCA Multiplier | --------------------------------------------- | ≤ -2 | 0.25× | -1 to +1 | 1.0× | > +2 | 2.0× The pink line plots this multiplier. It’s meant to control buy weight at each time step. How to Use This for SDCA: -Buy normally when the multiplier is 1.0× (Z-score between -1 and +1) -Accelerate buying when Z-score is deeply negative (price far below VWAP) -Slow or pause buying when Z-score is high (price far above VWAP) -Use the stats panel to track current Z-score, VWAP level, deviation %, and multiplier -Watch the red/blue backgrounds as visual confirmation of oversold/overbought zones Inputs: Z-Score Lookback Length: Default: 200 but can be adjusted. Visuals: Z-Score Line (cyan): shows current standardized deviation from VWAP Multiplier Line (bright pink): your SDCA intensity signal Background Zones: cyan = oversold, white = overbought Horizontal Lines: +2 and -2 standard deviation thresholds Stats Panel (bottom right): live values for Z-score, multiplier, price, VWAP, and the deviation formula Suited For: -Long-term Bitcoin investors -SDCA Systems -Mean reversion systems -Macro-level buy/sell planning
Pine Script® indicator
by mrlonglaner
1
sideways market for strangleThis Pine Script is designed to identify **sideways or range-bound markets**, which are often ideal conditions for trading **options strangle strategies**. Here's a breakdown of what the script does: --- ### 🛠 **Purpose:** To **detect low-volatility, sideways market conditions** where price is not trending strongly in either direction — suitable for **neutral options strategies like short strangles**. --- ### 📌 **Key Components:** #### 1. **Inputs:** - `RSI Length`: Default 14 — used for calculating the Relative Strength Index (RSI). - `ADX Length`: Default 14 — used for calculating the Average Directional Index (ADX), DI+ (positive directional movement), and DI- (negative directional movement). #### 2. **RSI Calculation:** - `rsiValue` is calculated using the built-in `ta.rsi(close, rsiLength)`. - A **sideways market** is expected when RSI is in the **40–60 range**, indicating lack of strong momentum. #### 3. **ADX and Directional Indicators (DI+ and DI-):** - `diPlus` and `diMinus` are calculated based on recent price movements and the True Range. - `dx` (Directional Index) measures the strength of trend direction using the difference between DI+ and DI-. - `adx` is a smoothed version of `dx` and represents **overall trend strength**. #### 4. **Sideways Market Conditions:** - **RSI Condition**: RSI is between 40 and 60. - **ADX Condition**: - `adx <= 25` → Weak or no trend. - `adx < diPlus` and `adx < diMinus` → Confirms ADX is lower than directional components, reducing likelihood of a trending market. #### 5. **Signal Plot:** - A **green label below the bar** (`shape.labelup`) is plotted when both conditions are met. - Indicates potential sideways market conditions. --- ### ✅ **Use Case:** - This signal can help identify **low-volatility zones** suitable for **short strangles** or **iron condors**, where you profit from time decay while expecting the price to stay within a range.
Pine Script® indicator
by jaydipali622018
ICT Macro H1 v2"H1 Candle Time Box" is a custom TradingView indicator that highlights a configurable time window surrounding the close of each 1-hour (H1) candle. The indicator draws a transparent box 15 minutes before and after each H1 candle close (by default), helping traders visualize time-based reaction zones. 🔍 Features: Custom time window: Users can set how many minutes before and after the H1 close the box should appear. Dynamic positioning: Boxes are drawn slightly above the candles to avoid overlap with price bars. Live time labels: Each box displays its time range (e.g., "08:45 - 09:15") based on the start and end time of the zone. Auto-cleaning: Only a limited number of recent boxes (default: 5) are shown, keeping the chart clean. Requires 1-minute chart for precise timing. This tool is especially helpful for intraday traders to identify areas of interest or market reactions before and after key hourly closes.
Pine Script® indicator
by bikix65072
ICT Macro H1"H1 Candle Time Box" is a custom TradingView indicator that highlights a configurable time window surrounding the close of each 1-hour (H1) candle. The indicator draws a transparent box 15 minutes before and after each H1 candle close (by default), helping traders visualize time-based reaction zones. 🔍 Features: Custom time window: Users can set how many minutes before and after the H1 close the box should appear. Dynamic positioning: Boxes are drawn slightly above the candles to avoid overlap with price bars. Live time labels: Each box displays its time range (e.g., "08:45 - 09:15") based on the start and end time of the zone. Auto-cleaning: Only a limited number of recent boxes (default: 5) are shown, keeping the chart clean. Requires 1-minute chart for precise timing. This tool is especially helpful for intraday traders to identify areas of interest or market reactions before and after key hourly closes.
Pine Script® indicator
by bikix65072
True Range Orginal📌 Description – True Range Original This indicator calculates the range (price spread) of the last N candles and displays it directly on the chart, along with suggested dynamic stop-loss levels based on recent volatility. Ideal for scalpers and day traders working on short timeframes such as 1-minute charts. 🔍 Features: Calculates the difference between the highest high and lowest low of the last N bars (default: 15). Plots a floating label with the current range value, updated every 5 candles. Displays 4 dynamic stop levels: For long positions: Stop at 1x range (green line) Stop at 1.5x range (light green line) For short positions: Stop at 1x range (red line) Stop at 1.5x range (dark red line) ⚙️ Inputs: Range period (number of bars) Stop multiplier 1 (default: 1.0) Stop multiplier 2 (default: 1.5) 📈 Usage: This tool helps you size your stop-loss dynamically based on recent price action instead of using fixed values. It can be used alone or in combination with other tools like support/resistance, volume, or aggression indicators.
Pine Script® indicator
by EduWarlock
ICT Macro H1"H1 Candle Time Box" is a custom TradingView indicator that highlights a configurable time window surrounding the close of each 1-hour (H1) candle. The indicator draws a transparent box 15 minutes before and after each H1 candle close (by default), helping traders visualize time-based reaction zones. 🔍 Features: Custom time window: Users can set how many minutes before and after the H1 close the box should appear. Dynamic positioning: Boxes are drawn slightly above the candles to avoid overlap with price bars. Live time labels: Each box displays its time range (e.g., "08:45 - 09:15") based on the start and end time of the zone. Auto-cleaning: Only a limited number of recent boxes (default: 5) are shown, keeping the chart clean. Requires 1-minute chart for precise timing. This tool is especially helpful for intraday traders to identify areas of interest or market reactions before and after key hourly closes.
Pine Script® indicator
by bikix65072
Hộp thời gian quanh đóng nến H1"H1 Candle Time Box" is a custom TradingView indicator that highlights a configurable time window surrounding the close of each 1-hour (H1) candle. The indicator draws a transparent box 15 minutes before and after each H1 candle close (by default), helping traders visualize time-based reaction zones. 🔍 Features: Custom time window: Users can set how many minutes before and after the H1 close the box should appear. Dynamic positioning: Boxes are drawn slightly above the candles to avoid overlap with price bars. Live time labels: Each box displays its time range (e.g., "08:45 - 09:15") based on the start and end time of the zone. Auto-cleaning: Only a limited number of recent boxes (default: 5) are shown, keeping the chart clean. Requires 1-minute chart for precise timing. This tool is especially helpful for intraday traders to identify areas of interest or market reactions before and after key hourly closes.
Pine Script® indicator
by bikix65072
Accurate Swing Trading System - Strategy//@version=5 strategy("Accurate Swing Trading System - Strategy", overlay=true) // Inputs no = input.int(3, title="Swing") Barcolor = input.bool(true, title="Barcolor") Bgcolor = input.bool(false, title="Bgcolor") // Logic res = ta.highest(high, no) sup = ta.lowest(low, no) avd = close > res ? 1 : close < sup ? -1 : 0 avn = ta.valuewhen(avd != 0, avd, 0) tsl = avn == 1 ? sup : res Buy = ta.crossover(close, tsl) Sell = ta.crossunder(close, tsl) // Plotting plotshape(Buy, title="BUY", style=shape.labelup, location=location.belowbar, color=color.green, text="BUY", textcolor=color.black) plotshape(Sell, title="SELL", style=shape.labeldown, location=location.abovebar, color=color.red, text="SELL", textcolor=color.black) colr = close >= tsl ? color.green : close <= tsl ? color.red : na plot(tsl, color=colr, linewidth=3, title="TSL") barcolor(Barcolor ? colr : na) bgcolor(Bgcolor ? colr : na) // Alerts alertcondition(Buy, title="Buy Signal", message="Buy") alertcondition(Sell, title="Sell Signal", message="Sell") // Strategy Orders if Buy strategy.entry("Buy", strategy.long) if Sell strategy.close("Buy")
Pine Script® strategy
by devang9885
2
WaveTrend Matrix (1m-1w) – Custom ThresholdsA visual control panel for momentum exhaustion across ten key time-frames. — 🧬 DNA This is a fork of LazyBear’s original WaveTrend Oscillator . The oscillator logic is 100 % intact; I simply stream the values into a compact table so that day- and swing-traders can see the “bigger picture” at a glance. 📈 What does it do? Calculates WaveTrend on ten granularities: 1m, 3m, 5m, 15m, 30m, 1h, 2h, 4h, 1d, 1w. Displays the current oscillator print in a color-coded matrix. • Red = overbought (≥ high threshold) • Green = oversold (≤ low threshold) • Gray = neutral / in-range All thresholds are user-adjustable. Built on Pine v5, zero repainting, works on any symbol. 🛠 Parameters Channel Length – WT “n1” (default 10) Average Length – WT “n2” (default 21) Red from – overbought cut-off (default +60) Green under – oversold cut-off (default –60) 🚀 How to use it 1. Apply the indicator to your chart – no extra setup required. 2. Read the matrix top-down before every entry: • Multiple deep-green rows → market broadly oversold → watch for longs. • Multiple deep-red rows → market broadly overbought → watch for shorts or stay flat. 3. Combine with your trend filter (EMA-stack, VWAP, structure) to avoid counter-trend trades.
Pine Script® indicator
by stelufl
CYCLE BY RiotWolftradingDescription of the "CYCLE" Indicator The "CYCLE" indicator is a custom Pine Script v5 script for TradingView that visualizes cyclic patterns in price action, dividing the trading day into specific sessions and 90-minute quarters (Q1-Q4). It is designed to identify and display market phases (Accumulation, Manipulation, Distribution, and Continuation/Reversal) along with key support and resistance levels within those sessions. Additionally, it allows customization of boxes, lines, labels, and colors to suit user preferences. Main Features Cycle Phases: Accumulation (1900-0100): Represents the phase where large operators accumulate positions. Manipulation (0100-0700): Identifies potential manipulative moves to mislead retail traders. Distribution (0700-1300): The phase where large operators distribute their positions. Continuation/Reversal (1300-1900): Indicates whether the price continues the trend or reverses. 90-Minute Quarters (Q1-Q4): Divides each 6-hour cycle (360 minutes) into four 90-minute quarters (Q1: 00:00-01:30, Q2: 01:30-03:00, Q3: 03:00-04:30, Q4: 04:30-06:00 UTC). Each quarter is displayed with a colored box (Q1: light purple, Q2: light blue, Q3: light gray, Q4: light pink) and labels (defaulted to black). Support and Resistance Visualization: Draws boxes or lines (based on settings) showing the high and low levels of each session. Optionally displays accumulated volume at the highs and lows within the boxes. Daily Lines and Last 3 Boxes: How to Use the Indicator Step 1: Add the Indicator to TradingView Open TradingView and select the chart where you want to apply the indicator (e.g., UMG9OOR on a 5-minute timeframe, as shown in the screenshot). Go to the Pine Editor (at the bottom of the TradingView interface). Copy and paste the provided code. Click Compile and then Add to Chart. Step 2: Configure the Indicator Click on the indicator name on the chart ("CYCLE") and select Settings (or double-click the name). Adjust the options based on your needs: Cycle Phases: Enable/disable phases (Accumulation, Manipulation, Distribution, Continuation/Reversal) and adjust their time slots if needed. 90-Minute Quarters: Enable/disable quarters (Q1-Q4). Step 3: Interpret the Indicator Identify Cycle Phases: Observe the red boxes indicating the phases (Accumulation, Manipulation, etc.). The high and low levels within each phase are potential support/resistance zones. If volume is enabled, pay attention to the accumulated volume at highs and lows, as it may indicate the strength of those levels. Use the 90-Minute Quarters (Q1-Q4): The colored boxes (Q1-Q4) divide the day into 90-minute segments. Each quarter shows the price range (high and low) during that period. Use these boxes to identify price patterns within each quarter, such as breakouts or consolidations. The labels (Q1, Q2, etc.) help you track time and anticipate potential moves in the next quarter. Analyze Support and Resistance: The high and low levels of each phase/quarter act as support and resistance. Daily lines (if enabled) show key levels from the previous day, useful for planning entries/exits. The "last 3 boxes below price" (if enabled) highlight potential support levels the price might target. Avoid Manipulation: During the Manipulation phase (0100-0700), be cautious of sharp moves or false breakouts. Use the high/low levels of this phase to identify potential traps (as explained in your first question about manipulation candles). Step 4: Trading Strategy Entries and Exits: Support/Resistance: Use the high/low levels of phases and quarters to set entry or exit points. For example, if the price bounces off a Q1 support level, consider a buy. Breakouts: If the price breaks a high/low of a quarter (e.g., Q2), wait for confirmation to enter in the direction of the breakout. Volume: If accumulated volume is high near a key level, that level may be more significant. Risk Management: Place stop-loss orders below lows (for buys) or above highs (for sells) identified by the indicator. Avoid trading during the Manipulation phase unless you have a specific strategy to handle false breakouts. Time Context: Use the quarters (Q1-Q4) to plan your trades based on time. For example, if Q3 is typically volatile in your market, prepare for larger moves between 03:00-04:30 UTC. Step 5: Adjustments and Testing Test on Different Timeframes: The indicator is set for a 5-minute timeframe (as in the screenshot), but you can test it on other timeframes (e.g., 1-minute, 15-minute) by adjusting the time slots if needed. Adjust Colors and Styles: If the default colors are not visible on your chart, change them for better clarity. --- 📌 1. **Accumulation: Strong Institutional Activity** - During the **accumulation phase, we see **high volume: 82.773K, which suggests strong buying interest**, likely from institutional players. - This sets the base for the following upward move in price. --- 📌 2. **Manipulation: False Breakout with Lower Volume** - Later, there's a manipulation phase where price breaks above previous highs, but the volume (71.814K) is **lower than during accumulation**. - This implies that buyers are not as aggressive as before—no real demandbehind the breakout. - It’s likely a bull trap, where smart money is selling into the breakout to exit their positions. --- ### 📌 3. Distribution: Weakness and Lack of Demand - The market enters a distribution phase, and volume drops even further (only 7.914K). - Price struggles to go higher, and you start seeing rejections at the top. - This shows that demand is drying up, and smart money is offloading positions**—not accumulating anymore. --- ### 💡 Why Take the Short Here? - Volume is not increasing with new highs—showing weak demand**. - The manipulation volume is weaker than the accumulation volume, confirming the breakout was likely false. - Structure starts to break down (Q levels falling), which confirms weakness. - This creates a high-probability short setup: - **Entry:** after confirmation of distribution and structural breakdown. - **Stop loss:** above the manipulation high. - **Target:** down toward previous lows or value zones. --- ### ✅ Conclusion Since the manipulation volume failed to exceed the accumulation volume, the breakout lacked real strength. Combined with decreasing volume in the distribution phase, this indicates fading demand and supply taking control—which justifies entering a short position.
Pine Script® indicator
by anarkiacapital
Schaff Trend Cycle (STC) - t0rdn3Schaff Trend Cycle (STC) By t0rdn3 (original STC by , now with more descriptive naming) Description The Schaff Trend Cycle (STC) is a momentum-based oscillator that combines the speed of a fast EMA crossover with cyclical normalization. Developed by Doug Schaff, it identifies market turning points more responsively than MACD or RSI. How It Works 1. EMA Difference : Calculates the difference between two EMAs of the source series (default: close). 2. Cycle Percentage : Normalizes that difference to a 0–100 range over the cycle period. 3. Smoothing : Applies exponential smoothing twice—first to the cycle percentage, then to its normalized cycles—to reduce noise. 4. Final STC Line : Produces a smoothed oscillator oscillating between 0 and 100. Alerts - "STC turned down above 75" : Fires once when STC makes a local peak above the upper threshold ( 75 ). - "STC turned up below 25" : Fires once when STC makes a local trough below the lower threshold ( 25 ). Inputs Cycle Period : 12 — Lookback in bars for normalization Fast EMA Length : 26 — Period of the fast EMA Slow EMA Length : 50 — Period of the slow EMA Smoothing Factor : 0.5 — Exponential smoothing coefficient (0–1) Usage Readings above 75 indicate an overbought cycle; readings below 25 indicate an oversold cycle. Crossings of the 50 midline can confirm trend direction: - STC rising through 50 → bullish shift - STC falling through 50 → bearish shift Combine STC with price action or other trend filters to improve signal quality. You can adjust the cycle period and EMA lengths to match different timeframes or instruments.
Pine Script® indicator
by t0rdn3
RSI + EMA + Stoch RSI ComboDescription: This indicator combines three powerful momentum tools — RSI, EMA, and Stochastic RSI — to provide more refined entry and exit signals. What it does: • Calculates Relative Strength Index (RSI) and applies an Exponential Moving Average (EMA) to it for smoother trend confirmation. • Adds Stochastic RSI (Stoch RSI) with adjustable %K and %D settings. • Generates Buy signals when: • Stoch RSI %K crosses above %D, • %K is below 20, • RSI is below 40, • and RSI is above its EMA. • Generates Sell signals when: • %K crosses below %D, • %K is above 80, • RSI is above 60, • and RSI is below its EMA. • Visual elements include RSI EMA line, overbought/oversold levels, and Stoch RSI plots. Use case: Perfect for traders looking for a multi-indicator confirmation system. Best used on 1H or 4H timeframes, but works across all timeframes. Alerts for Buy and Sell signals are included. Feel free to tweak the parameters for your own strategy and market conditions!
Pine Script® indicator
by DSei88
Coinbase BTC Premium by BIGTAKERBTC Premium Gap Analysis: Binance, Coinbase, Upbit This indicator provides real-time analysis and visualization of the premium gap between the Binance BTCUSDT price and the BTC prices on Coinbase (BTCUSD) and Upbit (BTCKRW). Key Features Coinbase Premium Gap Measures the price difference between Coinbase and Binance as a percentage. To improve visibility, the Coinbase premium is visually amplified by 10x. Upbit Premium Gap Calculates the premium by comparing Upbit's BTCKRW price (converted into USD using the real-time USDKRW exchange rate) against Binance BTCUSDT. Dynamic Color Coding Premiums above 0% are displayed in lime green, indicating positive premiums. Premiums below 0% are displayed in red, indicating discounts. Real-Time Labels Displays real-time premium values for both Coinbase and Upbit on the right side of the chart. Additional Notes Upbit premiums are adjusted for the USD/KRW exchange rate to ensure accurate USD-based comparison. The Coinbase premium is magnified visually (10x) to better capture minor movements, while the actual premium value remains correctly displayed. The indicator is optimized for traders who monitor global BTC market price disparities across major exchanges. How to Use Quickly track global BTC price discrepancies across Binance, Coinbase, and Upbit. Detect "Kimchi Premium" conditions in the Korean market through Upbit premiums. Analyze buying and selling pressure in North American markets through Coinbase premiums.
Pine Script® indicator
by BIGTAKER
Rawstocks 15 Minute ModelRawstocks 15-Minute Model The Rawstocks 15-Minute Model is a precision intraday trading strategy designed for the US stock market (9:30 AM - 4:00 PM ET), optimized for the 15-minute timeframe. It combines institutional order flow concepts with Fibonacci retracements to identify high-probability reversal setups while enforcing strict risk management and session-based rules. Key Features Time-Based Execution Trading Hours: 9:30 AM - 4:00 PM ET (no new entries after 4:00 PM) Force Close: All positions auto-exit at 4:30 PM ET (prevents overnight risk) Entry Logic Order Block + Fib Confluence: Identifies institutional order blocks (previous swing highs/lows) Requires price pullback to 61.8% or 79% Fibonacci level Liquidity Confirmation: Waits for stop runs (liquidity sweeps) before reversal entries Exit Rules Stop Loss: 1x ATR (14) from entry Take Profit: 2:1 Risk-Reward (adjustable) Visual Signals Green Triangle: Valid long setup (pullback to bullish OB + Fib) Red Triangle: Valid short setup (pullback to bearish OB + Fib) Blue/Purple Background: Highlights active trading vs. close period How It Works Identify the Setup Wait for a strong impulse move (break of structure) Mark the order block (institutional zone) Confirm Pullback Price must retrace to 61.8% or 79% Fib level Must occur within trading hours (9:30 AM - 4:00 PM) Enter on Confirmation Long: Break of pullback candle high (stop below recent swing low) Short: Break of pullback candle low (stop above recent swing high) Manage the Trade Trail stop or exit at 2R (risk-to-reward) All positions close at 4:30 PM sharp
Pine Script® strategy
by Rawstocks
SuperTrade ST1 StrategyThis strategy leverages the Supertrend indicator to identify trend direction and capture key entry and exit points in the market. By utilizing ATR (Average True Range) for dynamic stop-loss and take-profit levels, this script adapts to varying market conditions for improved risk management. Key Features Supertrend Indicator: Defines the trend direction and generates buy/sell signals based on trend reversal points. ATR-based Exits: Take Profit and Stop Loss are dynamically calculated using ATR multipliers to accommodate market volatility. Customizable Inputs: Fine-tune the ATR Length, Supertrend Factor, and ATR multipliers for take-profit and stop-loss according to your strategy preferences. Visual Indicators: Buy and Sell signals are clearly marked with labels on the chart, and the Supertrend line is color-coded for easy trend identification. Background Trend Highlighting: The chart background changes color based on the prevailing trend to make it easier to follow the market direction. This strategy is perfect for traders looking to ride trends while managing risk with smart, automated exits.
Pine Script® strategy
by SupertradeOfficial
Day Range DividerThe indicator divides the chart into Israeli trading days, starting at one o’clock after midnight and ending a minute before the next midnight, marking each day’s open with a thin vertical line whose color and width you can choose. A label with the day’s name (in Hebrew) can appear on the very first bar of the session, while another label is placed midway through the previous day, beneath the candles at a fixed distance from the bottom so it doesn’t obscure price. You can adjust the label’s color, size, and letter spacing, customize the line style, and decide whether to show the early-session label. The indicator ignores Saturday and Sunday, works on any intraday timeframe, never repaints after plotting, and lets you quickly spot daily sequences and time-of-day patterns for market analysis.
Pine Script® indicator
by GabrielTheRich
My-Indicator - Global Liquidity & Money Supply M2 + Time OffsetThis script is designed to visualize a global liquidity and money supply index by combining data from various regions and, optionally, central bank activity. Visualizing this data on a chart allows you to see how central banks are intervening in the financial system and how the total amount of money in the economy is changing. Let’s take a look at how it works: Central Bank Liquidity Shows the actions of central banks (e.g. FED, ECB) providing short-term cash to commercial banks. If you see spikes or a steady increase in these indicators, it may suggest that liquidity is being increased through intervention, which often stimulates the market. Money Supply M2 money supply is a monetary aggregate that includes M1 (cash and current deposits) plus savings deposits, small term deposits, and other financial instruments that, while not as liquid as M1, can be quickly converted into cash. As a result, M2 provides a broader picture of the available money in the economy, which is useful for analyzing market conditions and potential economic trends. How does it help investors? It allows you to quickly see when central banks are injecting additional liquidity, which could signal higher prices. It allows you to see trends in the money supply, which informs potential changes in inflation and the economic cycle. Combining both sets of data provides a more complete picture – both in the short and long term – which makes it easier to predict upcoming price movements. This allows investors to better respond to changes in central bank policy and broader monetary trends, increasing their chances of making better investment decisions. Data Collection The script retrieves money supply data for key markets such as the USA (USM2), Europe (EUM2), China (CNM2), and Japan (JPM2). It also offers additional money supply series for other markets—like Canada (CAM2), Great Britain (GBM2), Russia (RUM2), Brazil (BRM2), Mexico (MXM2), and New Zealand (NZM2)—with extra options (e.g., Australia, India, Korea, Indonesia, Malaysia, Sweden) disabled by default. Moreover, you can enable data for central bank liquidity (such as FED, RRP, TGA, ECB, PBC, BOJ, and other central banks), which are also disabled by default. Index Calculation The indicator calculates the index by adding together all the enabled money supply series (and the central bank data if activated) and then scales the sum by dividing it by 1,000,000,000,000 (one trillion). This scaling makes the resulting values more manageable and easier to read on the chart. Time Offset Feature A key feature of the script is the time offset. With the input parameter "Time Offset (days)", the user can shift the plotted index line by a specific number of days. The script converts the given offset in days into a number of bars based on the current chart's timeframe. This allows you to adjust for the delay between liquidity changes and their effect on asset prices. Overall, the indicator plots a line on your chart representing the global liquidity and money supply index, allowing you to visually monitor trends and better understand how liquidity and central bank actions may influence market movements. What makes this script different from others? Every supported market—both major regions (USA, Eurozone, China, Japan, etc.) and additional ones—is available. You can toggle each series on or off, so you can view only Money Supply data, only Central Bank Liquidity, or any custom combination. Separated Data Groups. Inputs are organized into clear groups (“Money Supply”, “Other Money Supply”, “Central Bank Liquidity”), making it easy to focus on just the data you need without clutter. True Day‑Based Offset. This script converts your chosen “Time Offset (days)” into actual days regardless of timeframe. Whether you’re on a 5‑minute or daily chart, the index is always shifted by exactly the number of days you specify.
Pine Script® indicator
by my-indicator