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Jeetu Nifty IntradayJeetu Nifty Intraday Overview A simplified and highly effective intraday trading tool based on the Opening Range Breakout (ORB) logic. This indicator is specifically optimized for Nifty and BankNifty traders who need clear, actionable levels on both desktop and mobile devices. Key Features: 9-Min Range (EZPZ Mode): Automatically plots and highlights the high and low of the first 9 minutes of the market. Swapped Visuals: High levels are plotted in Green and Low levels in Red for intuitive breakout/breakdown tracking. Thick Extension Zones: Dynamic price extension levels (125%, 135%, 150%) act as high-probability targets or reversal points. Trend Filters: Built-in confirmation using VWAP, SMA 20, and RSI to filter out market noise and false breakouts. Smart Signals: Includes clear BUY and SELL labels and a compact Real-Time Dashboard for quick decision-making. Best Used For: Timeframes: 1m, 3m, and 5m. Assets: Nifty, BankNifty, and high-volume Intraday stocks. Style: Trend following and Mean Reversion at extension levels.
Pine Script® indicator
by jeetunse
2
itto-ryu Trend Scoringitto-ryu Trend Scoring — Quick Manual (v1.0) Pine Script v6 · Sub-pane indicator · CMT+ rule-based framework 1. What it does Combines 6 reversal signals + 5 trend strength signals into a single ACTION verdict, then auto-computes Long & Short trade plans (Entry / SL / TP1 / TP2 / EV) from EMA20 + BB Basis + ATR. Output: 27-row dashboard table (top-right) — every input, the action, and both Long & Short setups side-by-side. Designed for rule-based decisions — no subjective TP guessing. 2. Inputs (defaults) GroupParamDefaultRSILength / OB / OS14 / 70 / 30MACDFast / Slow / Sig12 / 26 / 9EMALength20 (entry anchor)ADXLength / Strong / Weak14 / 25 / 15VolumeMA / Spike Mult20 / 2.0×ATRLength / SL / TP1 / TP214 / 1.5× / 1.5R / 2.5RThresholdsTighten / 50% / 100%2 / 3 / 4 3. Reversal signals (each persists 3–5 bars) #SignalBull triggerBear triggerR1RSI flipWas OS → cross back >30Was OB → cross back <70R2MACD hist flipHist <0 → flip positiveHist >0 → flip negativeR3EMA20 crossClose crosses above EMA20Close crosses below EMA20R4Volume spikeVol >2× MA + green barVol >2× MA + red barR5StructureHL + HH + green barLH + LL + red barR6ADX exhaustADX falling from >25ADX falling from >25 Score = sum of active signals (0–6). Threshold 3 = tighten SL · 4 = close 100% 4. Trend strength signals (0–5) #SignalBullBearT1ADX strengthADX >25ADX >25T2DI spreadDI+ > DI− by >5DI− > DI+ by >5T3Price vs EMA20Close > EMA20Close < EMA20T4EMA stackEMA20 > EMA50EMA20 < EMA50T5MACD hist expandHist rising 3 barsHist falling 3 bars Labels: 4–5 = VERY STRONG · 3 = STRONG · 2 = MODERATE · 0–1 = WEAK 5. Action verdicts (priority order) ActionTrigger summaryTypeEXIT LONGBear ≥ 4 OR (R3+R5+R2 all active)ExitEXIT SHORTBull ≥ 4 OR (R3+R5+R2 all active)ExitTP LONGBear ≥ 2 + RSI >60 + ADX fallingTake profitLONG BOTTOMBull ≥ 2 + RSI <40 + ADX fallingReversalLONG BREAKOUTNew 20-bar HH + vol >1.2× + bullTrend ≥ 2BreakoutSHORT BREAKDOWNNew 20-bar LL + vol >1.2× + bearTrend ≥ 2BreakdownLONG PULLBACKPrice near EMA20 ±0.3% + bullTrend ≥ 2PullbackSHORT PULLBACKPrice near EMA20 ±0.3% + bearTrend ≥ 2PullbackLONG / SHORTTrend ≥ 3 with no opposing reversalTrendHOLDNo clear setupNeutral 6. Trade plan math LONGSHORTEntry MidMAX(EMA20, BB Basis)MIN(EMA20, BB Basis)Entry RangeMid ± 0.3 × ATRMid ± 0.3 × ATRSLMid − 1.5 × ATRMid + 1.5 × ATRTP1Mid + (Risk × 1.5)Mid − (Risk × 1.5)TP2Mid + (Risk × 2.5)Mid − (Risk × 2.5)EV0.5×AvgReward − 0.5×Risk0.5×AvgReward − 0.5×Risk ⚠ Iron Rule: If EV ≤ 0 → table shows NO TRADE. Do not override. 7. Reading the dashboard — Distance column meaning RowDistance showsExample (USDTHB)EntryMid priceMid 32.443SL Long− Risk distance−0.202TP1/TP2+ Reward distance for each target+0.303 / +0.505EV LongEV value + verdict0.05 TRADE OK Pts conversion: USDTHB 0.001/tick · S50 0.1/tick · BTC $1/tick · XAU $0.01/tick 8. Alerts available (12) Bear≥3 / Bear≥4 (EXIT LONG) · Bull≥3 / Bull≥4 (EXIT SHORT) · Long Pullback · Long Breakout · Long Bottom · TP Long · Exit Long · Short Pullback · Short Breakdown · Exit Short 9. Recommended workflow Add to chart on a sub-pane (overlay=false) Read the ACTION row first — that's the verdict Cross-check Reason row + REV SCORE / TREND SCORE If action is LONG/SHORT side, check that side's EV row → must say TRADE OK Place limit at Entry Range, SL at SL row, scale-out at TP1/TP2 When opposite reversal hits ≥3 → tighten; ≥4 → exit fully 10. Notes & limitations Trade plan recalculates every bar — Entry/SL/TP move with EMA20+ATR EV uses 50% win-rate prior — adjust mentally if you have backtested edge Volume rules (R4, breakout filter) won't fire on tickers with no volume data On low-liquidity instruments → widen ATR mult or use higher TF itto-ryu Trend Scoring v1.0 Develop by Mr. Thiranat Ngamchitcharoen
Pine Script® indicator
by Thiranat
1
Auto Trade Planner by [Itto-Ryu]v1.0Auto Trade Planner by — Quick Manual (v1.0) Pine Script v6 · Overlay indicator · CMT+ rule-based framework 1. What it does Auto-generates complete trade plan on chart with scalable outline (Entry zone / SL / TP1 / TP2 / Long Flip / Short Flip). Picks Long or Short side automatically via 10-point scoring system, calculates win rate from EMA crossover backtest, outputs TRADE OK / NO TRADE verdict via EV. Single-source decision tool — no manual TP guessing, no subjective side selection. Configurable outline length (10–200 bars). 2. Three modes ModeBehaviorLongForce Long plan regardless of scoreShortForce Short plan regardless of scoreAutoCompares longScore vs shortScore — picks higher (default) 3. 10-Point Scoring System #CriterionLong biasShort bias1Close vs EMA Fast (20)Close > EMA20Close < EMA202Close vs EMA Slow (50)Close > EMA50Close < EMA503EMA stackEMA20 > EMA50EMA20 < EMA504RSI biasRSI > 50RSI < 505RSI not extremeRSI < 70RSI > 306MACD line vs signalMACD > SignalMACD < Signal7MACD histogramHist > 0Hist < 08DI+ vs DI-DI+ > DI-DI- > DI+9Close vs BB BasisClose > BasisClose < Basis10ADX + DI confirmADX>15 + DI+ > DI-ADX>15 + DI- > DI+ 4. Grade system ScoreGradeColorMeaning8–10A+LimePremium setup6–7AGreenStrong setup5BYellowAcceptable3–4COrangeWeak — caution0–2DRedAvoid 5. Trade plan math LONGSHORTEntry MidMAX(EMA20, BB Basis)MIN(EMA20, BB Basis)Entry RangeMid ± 0.3 × ATRMid ± 0.3 × ATRSLMid − 1.5 × ATRMid + 1.5 × ATRTP1 (50%)Mid + Risk × 1.5Mid − Risk × 1.5TP2 (50%)Mid + Risk × 2.5Mid − Risk × 2.5Short FlipMid + 2.0 × ATR= SLLong Flip= SLMid − 2.0 × ATR All ATR multipliers and R:R values configurable in settings. 6. Win rate engine Tracks every EMA20/EMA50 crossover for 10 bars forward — if price moves in expected direction = win, else loss. Long crossovers → longWins/longTotal, short crossunders → shortWins/shortTotal. Counters reset every Win Rate Lookback bars (default 100). Default 50% prior used until ≥5 samples accumulate per side. 7. EV formula (Iron Rule) EV = WinRate × AvgReward − (1−WinRate) × Risk Where AvgReward = 0.5 × |Mid−TP1| + 0.5 × |Mid−TP2| (split-TP execution) Verdict: TRADE OK when EV > 0 · NO TRADE when EV ≤ 0. ⚠ Iron Rule: Do not enter trades with EV ≤ 0, regardless of how strong the setup looks. 8. On-chart visuals ElementColorStyleEntry Hi/Lo linesAmberSolid + dashedEntry Zone boxAmber85% transparent fillSL lineRedBold solidTP1 lineGreenDottedTP2 lineTealDottedShort Flip linePurpleDashedLong Flip linePinkDashed Outline length controlled by Outline Length (bars) input — uses line.new() + delete/recreate (NOT plot()) so lines stay limited to N bars instead of stretching across full history. 9. Hit detection (chart markers) EventMarkerTriggerEntry hitDiamond belowBar low ≤ EntryHi AND high ≥ EntryLoSL Long hitX cross belowCrossunder(low, SL)SL Short hitX cross aboveCrossover(high, SL)TP1 Long hitTriangle upCrossover(high, TP1)TP1 Short hitTriangle downCrossunder(low, TP1)TP2 Long hitTriangle upCrossover(high, TP2)TP2 Short hitTriangle downCrossunder(low, TP2) 10. Dashboard table layout (top-right, 4×20) SectionRowsContentHeader0Ticker · Mode · TimeframeWin Rate1–4Long/Short/Selected · Score · WR% · SamplesIndicators5–11RSI · ADX · DI+/− · MACD · EMA · ATRTrade Plan header12Direction + Level + R:R columnsLevels13–18Entry · SL · TP1 · TP2 · SFlip · LFlipEV verdict19EV value · Win rate · TRADE OK / NO TRADE 11. Inputs reference GroupParamDefaultNoteModeTrade ModeAutoLong / Short / AutoRiskSL × ATR1.5SL distanceRiskTP1 R:R1.5First targetRiskTP2 R:R2.5Second targetRiskFlip × ATR2.0Flip thresholdRiskOutline Length50 barsPlot range 10–200IndicatorRSI / ADX / ATR Length14 / 14 / 14StandardIndicatorEMA Fast / Slow20 / 50Trend stackIndicatorBB Length / Mult20 / 2.0Volatility bandIndicatorWin Rate Lookback100 barsWR reset cycleDisplayShow Entry Zone / Tabletrue / trueVisibility 12. Alerts (6) Entry Hit — price in entry zone SL Hit — stop loss triggered (Long or Short) TP1 Hit — take profit 1 reached, close 50% TP2 Hit — take profit 2 reached, close remaining Auto Long — Auto mode flipped to LONG Auto Short — Auto mode flipped to SHORT 13. Recommended workflow Add to chart on top of price (overlay = true) Default Mode = Auto — let scoring decide direction Check the EV row first — must say TRADE OK before entry Verify Score ≥ 5 (B grade or better) for the active side Place limit at Entry Zone box, SL at red line, scale 50/50 at TP1/TP2 Trail SL to breakeven after TP1; let runner go to TP2 If price hits Flip line opposite to direction → re-evaluate or exit 14. Notes & limitations Win rate is path-dependent — early bars may show 50% (insufficient samples) Outline regenerates every bar — Entry/SL/TP move with EMA20+ATR continuously On low-volatility tickers, ATR-based levels may bunch up — consider higher TF Auto mode flips when scores invert — set alerts to monitor flip events Counters reset every Lookback bars to keep WR responsive AutoTrade Planner v1.0 Develop by Thiranat Ngamchitcharoen
Pine Script® indicator
by Thiranat
ATR Projection Box THIS IS NOT A BUY/SELL INDICATOR - Rather it helps you know where the current candle may move up or down based on ATR. This helps you visualize the current state of the market moves on the current candle to help you find possible targets for where the candle can move to in each direction before hitting its ATR average past ticks above or below current price. The ATR Projection Box is a volatility-based price projection tool designed to show traders the market’s expected movement range on the current candle using the Average True Range (ATR). It creates a forward-looking price zone above and below the current price, helping traders visualize likely expansion areas, manage risk, and identify potential targets or exhaustion zones. What the Indicator Does This script calculates the market’s current ATR and projects a dynamic upper and lower range from price based on a customizable ATR multiplier. The indicator then draws: A green upper projection line representing the expected upside range A red lower projection line representing the expected downside range A shaded projection box extending several candles into the future This creates a clean visual “expected movement zone” directly on the chart for the current candle.
Pine Script® indicator
by OptionSPY
HA Reversal Box Breakout PRO CLEAR - Call/Put# HA Reversal Box Breakout PRO CLEAR - Call/Put مؤشر احترافي مبني على شموع Heikin Ashi لاكتشاف انعكاسات الاتجاه ورسم مناطق الكسر (Breakout Boxes) مع إشارات CALL / PUT واضحة. ## فكرة المؤشر يعتمد المؤشر على: 1. اكتشاف أول شمعة Heikin Ashi عكس الاتجاه السابق. 2. رسم مستطيل على شمعة الانعكاس. 3. انتظار إغلاق السعر خارج المستطيل. 4. إصدار إشارة: * CALL عند الإغلاق أعلى المستطيل. * PUT عند الإغلاق أسفل المستطيل. ## المميزات * رسم مستطيلات الانعكاس تلقائيًا. * إشارات CALL / PUT واضحة. * أسهم دخول احترافية. * تنبيهات Alerts جاهزة. * دعم فلتر EMA للاتجاه. * دعم فلتر ATR لقوة الكسر. * دعم فلتر ADX لتجنب التذبذب. * دعم Supertrend. * فلتر منع الإشارات المتكررة. * فلتر جلسات التداول. * إعدادات قابلة للتخصيص بالكامل. ## أفضل الاستخدامات يعمل بشكل ممتاز على: * الذهب XAUUSD * US100 * US500 * النفط * الفوركس والمؤشرات وأفضل الفريمات: * 5M * 15M * 1H ## ملاحظات * يفضل استخدامه مع الاتجاه العام. * تقليل الإشارات يتم عبر تفعيل الفلاتر المناسبة. * المؤشر لا يعيد الرسم (Non-Repainting) لأنه يعتمد على إغلاق الشمعة. Developed for breakout and trend continuation trading using Heikin Ashi reversal logic.
Pine Script® indicator
by iCT-por
Market Structure Break v3 (High Frequency)Market Structure Break VC (High Frequency) is a responsive, high-frequency market structure trading script designed to capture early breakouts with a built-in 1:1 risk-to-reward execution model. Unlike traditional structure-based indicators that wait for confirmation, this script identifies breakouts as soon as price moves beyond the previous sensitivity candles' high or low — making it ideal for traders who want timely, high-probability entries on momentum shifts. ⚙️ Key Features Adjustable Structure Sensitivity – Choose between 1 (every candle break) and higher values (major structure breaks only). Trend Filter (EMA 50) – Optionally filter out counter-trend signals to stay aligned with the broader direction. Real-Time Structure Plotting – Stepped lines dynamically show the current upper and lower structure levels. Automated 1:1 Risk-to-Reward Execution – The script automatically places a stop loss (SL) and take profit (TP) at a 1:1 ratio from the entry point. Visual Trade Labels – Clear "BUY" and "SELL" labels appear below or above candles when signals trigger. SL/TP Line Visualization – Dynamic lines show the active stop loss and take profit levels while a trade is open. 🧠 How It Works The script tracks the highest high and lowest low over the last sensitivity candles (excluding the current candle). When price crosses above the upper structure level, a BUY signal is generated. When price crosses below the lower structure level, a SELL signal is generated. If the trend filter is enabled, signals are only taken in the direction of the 50 EMA. Once a signal triggers, the script automatically: Sets the stop loss at the broken structure level Calculates the same distance as risk and sets a 1:1 take profit Draws SL and TP lines on the chart Closes the trade automatically when either level is hit 🎯 Best Use Cases Breakout strategies – Enter as price clears key structure levels. Scalping & intraday – High-frequency setup works well on lower timeframes (1m–15m). Trend-following entries – Use the EMA filter to avoid false breakouts against the trend.
Pine Script® indicator
by vcab2828
Institutional SD Master - Trader Sect69### **How to Use This Indicator** #### **1. Configuration & Setup** * **Asset Selection:** Choose between **Gold (H4 Bias)** or **Crypto (H1 Bias)** in the settings. * *Gold:* Uses a 4-hour HTF anchor for direction. * *Crypto:* Uses a refined 1-hour internal candle lookback for intraday displacement. * **Trading Days:** Toggle specific days (Mon-Fri) to display **Box Ranges**. The indicator will only be "ACTIVE" on these chosen days to keep you disciplined and avoid overtrading. #### **2. Understanding the Dashboard** The real-time dashboard tracks your strategy requirements automatically: * **Signal Bias:** Determines direction based on **EMA 9/18** trend alignment and price location relative to the **Daily Open (P.Open)**. * **Criteria Check:** Displays **READY ✅** only when price has performed an **Institutional Sweep** (moving into Discount for longs or Premium for shorts). * **Execution Levels:** Provides 4-decimal precision for your **Entry (-0.5)**, **Target 1 (-1.0)**, **Target 2 (-2.0)**, and **Invalidation**. #### **3. The Institutional SD Logic** Unlike standard Fibonacci tools, this script anchors the SD from a specific **Institutional Reference Point** (HTF Open/Close) to a recent **Liquidity Purge** (Swing High/Low). * **Entry (-0.5):** Look for a "Break and Retest" of a PD Array (FVG or Order Block) nested at this level. * **Targets:** Aim for -1.0 (First Objective) and -2.0 (Institutional Expansion). * **Risk Management:** Move your Stop Loss to **Break Even** once price closes a body beyond the -1.0 level. ### **Core Principles** * **Consistency:** Only trade on "Active Days." * **Discipline:** If the Criteria Check is **SEARCHING 🔍**, stay flat. * **Preservation:** The Invalidation level is your "hard stop." If it breaks, the setup is dead. --- **Author Note:** This tool is designed to remove emotion from trading by transforming subjective price action into objective mathematical levels. Be consistent, be disciplined.
Pine Script® indicator
by dtaniguchi69
byquan GP - SRSI Channel (Hour TF)// GP - SRSI Channel (Multi-Timeframe Hourly) This indicator displays a **Multi-Timeframe Stochastic RSI Channel** designed to identify momentum extremes and confirmed reversal zones using higher timeframe aggregation. Instead of relying on a single timeframe SRSI, this script aggregates data from four higher hourly timeframes (default: 3H, 6H, 12H, 24H) to provide a more robust and stable view of momentum conditions. ### Core Components **SRSI Calculation** - Stochastic RSI (K+D smoothed) is calculated on open, high, low, and close. - This creates a more comprehensive representation of momentum at each bar. **Multi-Timeframe Channel** - Minimum and Maximum SRSI values are collected across the four selected higher timeframes. - The channel (filled area between Min and Max) shows the current momentum range across different scales. - The white line represents the averaged SRSI Close value. **Background Zones** - **Green** (0-20): Oversold zone - **Blue** (20-50): Accumulation / Recovery zone - **Orange** (50-80): Distribution / Weakening zone - **Red** (80-100): Overbought zone These zones help traders quickly assess the overall momentum environment. ### Signal Logic **Mid-Level Transition Detection** - Watches when the SRSI exits extreme zones (below 20 or above 80) and crosses the 50 mid-level. - Yellow circle at 50 marks potential momentum shift points. **Confirmed Extreme Reversal** - After exiting an extreme zone, the script tracks whether price continues moving away from the extreme for a user-defined number of bars (`Confirm bars`). - **Lime circle** = Confirmed momentum low (potential bullish reversal) - **Red circle** = Confirmed momentum high (potential bearish reversal) This confirmation mechanism significantly reduces premature signals by waiting for sustained momentum movement after leaving extreme territories. ### How to Use - **Bullish Reversal**: Look for the price entering the green oversold zone, then a **lime circle** appearing after confirmation. This suggests strengthening momentum across multiple timeframes. - **Bearish Reversal**: Look for the price entering the red overbought zone, then a **red circle** appearing. This indicates weakening momentum. - The channel width shows how broad the momentum disagreement is across timeframes — narrower channel = stronger consensus. - Best used as a **momentum filter** or confluence tool together with price action, support/resistance, or other structure-based setups. ### Recommended Settings & Timeframes - Works on all timeframes, but performs best on **5m, 15m, 30m, and 1H** charts for intraday and swing trading. - Default higher timeframes (3H–24H) provide excellent balance between responsiveness and reliability. - Increase `Confirm bars` for higher quality but fewer signals. - Adjust `Watch Low/High Level` according to the volatility of the instrument. This script is not a simple copy of existing SRSI indicators. Its value lies in the **multi-timeframe channel construction**, **dynamic extreme confirmation logic**, and the combination of visual zones with clear reversal markers. The indicator is open-source and shared for educational purposes only. It is not financial advice. Always backtest thoroughly and use proper risk management. Feedback is highly appreciated!
Pine Script® indicator
by avafelicityabby2
Advanced Confluence Matrix: Price, Time & Volume[Almaghamsi]Advanced Confluence Matrix Summary: This indicator is a comprehensive technical analysis tool designed to identify high-probability market setups by integrating price action, time cycles, and institutional liquidity tracking. It utilizes an advanced multi-layered engine to detect Market Structure Breaks (MSB) and filter signals through a digital Confluence Scoring system. By projecting Fibonacci-based time nodes and dynamic wave extensions, it provides traders with clear, objective price targets ranging from conservative to extreme projections. Key Features: • Dual-Language Interface: Supports both English and Arabic. • Liquidity Tracking: Identifies institutional "Liquidity Grabs" (B-LS/S-LS). • Time Partitioning: Forecasts potential reversal windows using Fibonacci time ratios. • Smart Dashboard: Provides real-time metrics on trend strength and momentum. Disclaimer : English: This script is for educational and informational purposes only. It does not constitute financial advice or an invitation to trade. Trading involves significant risk, and past performance is not indicative of future results. Use this tool as part of a comprehensive trading strategy and at your own risk. ________________________________________ ملخص المؤشر: يعد هذا المؤشر أداة تحليل فني متكاملة صُممت لتحديد أفضل الفرص في الأسواق المالية عبر دمج حركة السعر، الدورات الزمنية، وتتبع سيولة المؤسسات. يعتمد المحرك البرمجي على رصد اختراقات هيكل السوق (MSB) وفلترة الإشارات عبر نظام "نقاط الالتقاء الرقمي" لتقييم قوة الفرصة بموضوعية. كما يقوم المؤشر بالتنبؤ بالفترات الزمنية القادمة باستخدام نسب فيبوناتشي وتحديد أهداف سعرية دقيقة تعتمد على قياسات الموجات الهندسية. أهم المميزات: • واجهة ثنائية اللغة: دعم كامل للعربية والإنجليزية. • تتبع السيولة الذكية: كشف مصائد السيولة وسحب السيولة المؤسساتي. • التقسيم الزمني: التنبؤ بمواعيد الانعكاسات المتوقعة عبر نسب فيبوناتشي الزمنية. • لوحة تحكم ذكية: عرض مباشر لقوة الاتجاه والزخم وحالة الهيكل. ________________________________________ إخلاء مسؤولية العربية: هذا المؤشر مخصص للأغراض التعليمية والمعلوماتية فقط، ولا يشكل نصيحة مالية أو دعوة للتداول. ينطوي التداول على مخاطر كبيرة، والنتائج السابقة لا تضمن الأداء المستقبلي. يجب استخدام هذه الأداة كجزء من استراتيجية تداول شاملة، وعلى مسؤوليتك الشخصية الكاملة.
Pine Script® indicator
by wmaghmsi
Ultimate Exhaustion Companion by KiddUltimate Exhaustion Companion by Kidd User Guide & Trading Instructions The Ultimate Exhaustion Companion by Kidd is designed to work alongside your main trading indicator. Its job is simple: identify exhaustion warn against chasing moves detect possible reversals help traders avoid emotional entries This indicator is NOT trying to predict every reversal. It is designed to answer: “Is this move still healthy… or becoming dangerous?” WHAT THE INDICATOR DOES The system analyzes: trend strength candle expansion RSI stretch momentum fatigue wick rejection volume expansion follow-through weakness It combines those into: Bias Action Risk Exhaustion levels DASHBOARD EXPLAINED BIAS Shows overall market direction. STRONG BULLISH Buyers strongly control the market. BULLISH Bullish trend active. NEUTRAL No clear directional edge. BEARISH Bearish trend active. STRONG BEARISH Strong downside control. ACTION This is the most important part of the indicator. OK TO LONG Bullish conditions are healthy. Momentum is supportive. Exhaustion remains low. This means: trend continuation is still favored long setups are safer OK TO SHORT Bearish conditions are healthy. Downside momentum remains strong. Exhaustion remains low. This means: downside continuation is favored short setups are safer DON’T CHASE LONGS Bullish trend still exists… BUT the move is becoming overextended. Usually caused by: emotional buying large expansion candles weakening momentum overbought conditions This does NOT automatically mean short. It means: avoid late long entries wait for pullbacks reduce risk DON’T CHASE SHORTS Bearish trend still active… BUT downside move is becoming stretched. This warns traders against: panic shorting emotional entries selling after the move already happened POSSIBLE BEAR REVERSAL Bullish trend may be exhausting and reversing downward. Usually requires: strong bullish exhaustion weakening momentum rejection wicks bearish candle behavior POSSIBLE BULL REVERSAL Bearish trend may be exhausting and reversing upward. Usually requires: strong bearish exhaustion slowing downside momentum bullish rejection candles seller fatigue WAIT No strong edge detected. Usually: chop conflicting signals weak momentum neutral conditions Best action: patience RISK LEVEL LOW Trend healthy. Exhaustion low. MEDIUM Exhaustion building. Momentum slowing. Use caution. HIGH Move heavily stretched. Reversal risk elevated. Avoid emotional chasing. EXHAUSTION LEVELS Bull Exhaustion % Measures how exhausted bullish momentum is becoming. Higher numbers mean: buyers becoming overstretched upside risk increasing trend may weaken soon Bear Exhaustion % Measures how exhausted bearish momentum is becoming. Higher numbers mean: sellers becoming overstretched downside risk increasing bearish trend may weaken soon HOW TO USE IT WITH THE MAIN INDICATOR BEST COMBINATION Main Indicator: Shows: trend support/resistance structure setups pressure Exhaustion Companion: Shows: risk exhaustion reversal probability overextension Together they create: direction + caution EXAMPLES Example 1 Main Indicator: LONG SETUP 84% Exhaustion Companion: OK TO LONGRisk: LOW This is a healthy continuation setup. Example 2 Main Indicator: LONG SETUP 81% Exhaustion Companion: DON'T CHASE LONGSRisk: HIGH Trend still bullish… BUT the move may already be overextended. Better action: wait for pullback reduce size avoid FOMO entries Example 3 Main Indicator: SHORT SETUP Exhaustion Companion: POSSIBLE BULL REVERSAL This is a warning that downside momentum may be tiring. RECOMMENDED SETTINGS Futures Scalping Sensitivity: Balanced Dashboard: ON Labels: ON Aggressive Traders Sensitivity: Aggressive More warnings. Earlier exhaustion detection. Conservative Traders Sensitivity: Conservative Fewer signals. Higher-quality exhaustion alerts. IMPORTANT NOTES This indicator does NOT: predict exact tops or bottoms replace risk management guarantee reversals It is designed to: prevent emotional entries identify exhaustion improve timing awareness help traders avoid chasing late moves The best results usually happen when: Main indicator aligns Exhaustion companion confirms Risk remains LOW or MEDIUM Trader avoids emotional entries That alignment creates the highest-quality setups.
Pine Script® indicator
by Seankidd
Smart Trader, Episode 07, ICS Geometric Buyers/Sellers Pressure🔶 Overview ICS Geometric Buyer/Seller Pressure measures the real-time balance between buying and selling forces through a geometric framework built on triangle areas. Rather than relying on volume, oscillators, or moving-average crossovers, this indicator constructs two right triangles on every bar — one representing seller pressure above the current price, one representing buyer pressure below it — and computes their areas inside a normalized coordinate system called the Isotropic Coordinate System (ICS). The ICS transforms raw price and time into a dimensionless plane using Yang-Zhang composite volatility as the scaling factor. Because both axes are divided by the same volatility estimate, the resulting triangle areas carry no unit — they are pure geometric ratios. This makes the pressure reading comparable across any instrument, any timeframe, and any price scale, without the trader needing to adjust parameters when switching charts. From these two normalized areas, the indicator derives a single metric called B, which condenses the entire buyer-versus-seller balance into a value between −1 and +1. B is then converted into intuitive percentage readings (Red % for seller dominance, Blue % for buyer dominance) and visualized through a gradient barometer column, a triangle fan overlay, and data-window plots ready for alerts. 🔶 Conceptual framework To measure the real-time balance between buying and selling forces, this indicator takes a geometric approach rather than relying on volume analysis, oscillator divergences, or moving-average crossovers. Two right triangles are constructed on every bar — one above the current price toward the range ceiling, one below toward the range floor — and their areas are compared to determine which side of the market currently dominates. Computing triangle areas in raw price-versus-time coordinates, however, introduces a structural problem: the same price movement produces a different geometric shape depending on the chart's zoom level, time compression, or display resolution. A 30-point rally on a compressed weekly chart creates a steep, narrow triangle; the identical rally on a stretched intraday chart creates a flat, wide one. The areas differ even though the underlying market event is the same. To eliminate this distortion, the indicator applies a normalization layer referred to here as the Isotropic Coordinate System (ICS). The principle behind it is dimensional analysis — a well-established technique in physics and engineering for removing unit-dependent artifacts from measurements. The horizontal axis (time) is rescaled by dividing bar offsets by sigma, and the vertical axis (price) is rescaled by dividing the natural logarithm of price by the same sigma. Because both axes share the same divisor, the resulting coordinate plane is isotropic: triangle areas reflect only the structural relationship between price and range boundaries, not how the chart happens to be displayed. The sigma used for this normalization is the Yang-Zhang (2000) composite volatility estimator, a published academic method (Journal of Business, Vol. 73, No. 3). It combines three independent variance components — overnight (close-to-open), intraday (open-to-close), and the Rogers-Satchell high-low-close estimator — into a single unbiased measure with minimum-variance weighting. This makes sigma robust across instruments with overnight gaps (equities, futures) and those that trade continuously (forex, crypto). The practical result: the normalization layer adapts to the volatility regime of each instrument, making triangle areas structurally comparable across different charts and timeframes and reducing the need for manual recalibration when switching instruments. 🔶 The B metric: from triangle geometry to a single number The core output of this indicator is a single value called B, which captures the instantaneous buyer-versus-seller balance in one dimensionless number. Picture any bar on your chart. The indicator draws two right triangles around it. The upper triangle sits between the bar's high and the range ceiling: its three vertices are (1) the current bar's high, (2) the range ceiling at the current bar, and (3) the range ceiling at the prime-offset bar, 101 bars back. This triangle represents seller territory — the geometric "room" that sellers occupy above the current price. The lower triangle mirrors this below: its vertices are the current bar's low, the range floor at the current bar, and the range floor at that same prime-offset bar. This is buyer territory — the room below the current price. The larger the seller triangle relative to the buyer triangle, the more the market is tilted toward selling pressure, and vice versa. Why prime-numbered offsets? The indicator uses the first 25 prime numbers (3, 5, 7, 11, ... 97, 101) as its sampling offsets. Prime numbers share no common factors with each other or with any periodic cycle in the data. When a signal is sampled at evenly spaced intervals (e.g. every 10, 20, 30 bars), there is a risk that the sampling grid locks onto a periodic pattern in the price — a weekly cycle, an options expiration rhythm, or any recurring structure — and either amplifies or masks it. This is a form of harmonic aliasing. Prime offsets avoid this: because no prime is a multiple of any other, the sampling set {3, 5, 7, ... 101} is maximally non-periodic, ensuring that each offset captures a structurally independent slice of the price range. Two roles: measurement and visualization For the B calculation itself, only the widest triangle is used — the one anchored at prime offset 101. This single pair of triangles (upper and lower) captures the broadest structural pressure across the entire lookback window. The remaining 24 primes serve a visual role: they generate the triangle fan overlay you see on the chart. But this visual layer is not merely decorative. Each triangle in the fan maps a pressure boundary at a different time horizon. As the screenshot above illustrates, candles that approach the red triangle edges tend to encounter resistance and reverse — the fan effectively draws a multi-scale map of where selling pressure intensifies. The blue fan does the same for buyer pressure below. Taken together, the fan gives the trader a spatial reading of how pressure distributes across shorter and longer horizons. A notable property observed during testing across multiple instruments and timeframes: regardless of triangle size or lookback period, B consistently produces values within the bounded range of -1 to +1. This is not a coincidence — it is a mathematical consequence of the symmetric ratio formula that derives B from the two triangle areas. The formula Both triangle areas are first computed using the Shoelace formula — a standard computational geometry method that yields the exact area of any polygon from its vertex coordinates. Then B is derived through a symmetric ratio: r1 = A_hi / A_lo     r2 = A_lo / A_hi     B = (r1 - r2) / (r1 + r2) When the seller triangle is much larger than the buyer triangle (A_hi >> A_lo), r1 grows large while r2 shrinks, and B approaches +1. When buyer pressure dominates, B approaches -1. When both areas are equal, B = 0 — balanced pressure. The formula is symmetric by construction, meaning it treats buyer and seller sides with identical mathematical weight. Percentage conversion To make B immediately readable on the chart, the indicator converts it into two percentage values: Red % = (B + 1) x 50     seller dominance, scale 0 to 100 Blue % = (1 - B) x 50     buyer dominance, scale 0 to 100 Red % and Blue % always sum to 100. They are available in the Data Window for any bar and are exposed as alert-ready plots, allowing traders to set threshold-based alerts (e.g. "Red % crosses above 80") directly from TradingView's alert builder, without writing any code. 🔶 Features at a glance 🔸 Gradient barometer — A vertical column rendered to the right of the last bar. It splits the effective range into a red (seller) zone and a blue (buyer) zone, with the dividing line set by B. The gradient fades from full opacity at the split point to near-transparent at each range boundary, giving an immediate visual sense of which side is dominant and by how much. 🔸 Prime triangle fan — 25 filled triangles (one per prime offset from 3 to 101) overlaid on the chart. Upper triangles are colored red (seller pressure), lower triangles blue (buyer pressure). Together they form a fan that maps pressure intensity across multiple time horizons simultaneously. Optional dashed outlines can be enabled for each side independently. 🔸 Range lines with price labels — Horizontal lines marking the effective high and low of the lookback window. Each line carries a price label placed to the left of the range start. When the channel is frozen (see Freeze/Revival below), a snowflake icon (❄) appears on the labels. 🔸 Diamond markers and prime labels — At each prime-offset bar, a diamond marker is placed at both the range ceiling and the range floor. The corresponding prime number is displayed above the ceiling diamond, providing a visual ruler of the sampling structure. 🔸 Freeze / Revival system — When a confirmed close breaches the range boundary, the mother channel freezes and a child channel is born on the breach side. The child computes its own pressure metric (B'), and when the opposing force inside the child reaches a user-defined threshold, the mother channel revives. This mechanism tracks regime transitions without discarding the prior range context. A dedicated label at the breach candle shows the child's B' value in real time. 🔸 Live and Closed display modes — "Live" updates tick by tick using the current bar's data. "Closed" anchors all calculations on the last confirmed bar, eliminating intra-bar noise for traders who prefer signal stability. 🔸 Data Window and alert-ready plots — Three invisible plots (Red %, Blue %, raw B) are exposed in the Data Window and available for TradingView's alert condition builder. Traders can create threshold, crossover, or crossing alerts on any of these values without writing Pine Script. 🔸 Full visual customisation — Every visual element (triangle fill colors, line colors, diamond size, text size, barometer width, barometer offset, gradient steps) is independently configurable through the indicator's settings panel. 🔶 Deep dive: the barometer The barometer is a vertical gradient column displayed to the right of the last bar on the chart. Its purpose is to translate the abstract B value into a shape that the eye can read instantly: a column split into a red zone (seller pressure) on top and a blue zone (buyer pressure) on the bottom. The column spans the full effective range — from rangeLow at the bottom to rangeHigh at the top. The split point between red and blue is not placed at the midpoint of the range. Instead, it is calculated directly from B: yMid = rangeHigh − (B + 1) × range / 2 When B = 0 (balanced), yMid sits at the exact center of the range. When B approaches +1 (full seller dominance), yMid drops toward the range floor, making the red zone fill nearly the entire column. When B approaches −1 (full buyer dominance), yMid rises toward the range ceiling, and the blue zone dominates. The gradient is rendered using a configurable number of boxes (default: 50). In the red zone, opacity is strongest near yMid and fades to near-transparent at rangeHigh. In the blue zone, opacity is strongest near yMid and fades toward rangeLow. This creates a natural "heat" effect: the most intense color always concentrates at the boundary where the two forces meet. At the top and bottom of the column, percentage labels display the Red % and Blue % values. These are the same percentages available in the Data Window, presented here as a quick visual reference. The barometer responds to the selected display mode. In "Live" mode, it updates on every tick using the current bar's B value. In "Closed" mode, it uses the B computed from the last confirmed bar, providing a stable reading that does not flicker with intra-bar price movement. Barometer settings 🔸 Show barometer — Toggle the entire barometer on or off. Default: on. 🔸 Offset (bars right) — How far to the right of the last bar the column is placed. Default: 11. Increase this if the barometer overlaps with other right-margin elements. 🔸 Width (bars) — The horizontal thickness of the column, measured in bars. Default: 5. 🔸 Gradient steps — The number of boxes used to render the gradient. Higher values produce a smoother fade. Default: 50. 🔶 Deep dive: the prime triangle fan The triangle fan is the indicator's signature visual element. It renders 25 filled triangles on the chart — one for each prime offset from 3 to 101 — fanning out from the current bar toward the left side of the lookback window. Upper triangles are shaded red (seller pressure) and lower triangles are shaded blue (buyer pressure), each with high transparency so the underlying candlesticks remain clearly visible. Every triangle in the fan shares two of its three vertices with the current bar: the bar's high (for upper triangles) or the bar's low (for lower triangles), and the corresponding range boundary at that bar. The third vertex sits at the range boundary at the prime-offset bar. Because each prime offset is a different distance back in time, the triangles vary in width — the smallest is narrow and captures very short-term pressure, while the largest stretches across the full lookback and captures the broadest structural picture. Reading the fan as a pressure map The fan functions as a multi-scale pressure map. Each triangle edge represents a boundary where one side's territory begins. When price approaches a cluster of red triangle edges from below, it is entering a zone where seller pressure intensifies across multiple time horizons simultaneously. The denser the overlap of red edges at a given price level, the stronger the structural resistance at that level. The same logic applies in reverse for blue edges and buyer support. This is visible in practice: candles that push into the red fan often stall or reverse at the triangle boundaries, while candles that drop into the blue fan tend to find support. The fan gives the trader a spatial sense of how much room each side has — a wide blue zone with thin red edges suggests buyers have structural space to move, and vice versa. Color flipping during freeze When the Freeze/Revival system is active and price moves beyond the frozen range boundary, the triangle colors on the breached side flip to reflect the new structural reality. Consider a downward breach: price closes below the frozen rangeLow and continues falling. The lower triangles — which normally appear blue to represent buyer territory — switch to red. This signals that what was once the buyer's domain has been structurally penetrated; the geometry now measures selling pressure extending below the old floor. At the same time, the upper triangles remain red as they always are, and because the distance between the current price and the frozen rangeHigh has grown dramatically, the seller area expands. The visual result: the entire fan turns uniformly red, reflecting overwhelming seller dominance across every time horizon in the fan. The mirror case works identically. During an upward breach, price closes above the frozen rangeHigh and continues rising. The upper triangles flip from red to blue, signaling that seller space has been penetrated from below. The lower triangles remain blue, and because the gap between the current price and the frozen rangeLow is now vast, buyer area dominates. The entire fan turns uniformly blue, reflecting overwhelming buyer dominance. The color flip is automatic and requires no user intervention. It is driven entirely by the relationship between the current price and the frozen boundaries — when price returns inside the frozen range, colors revert to their normal assignment. Diamond markers and prime labels At each prime-offset bar, the indicator places diamond-shaped markers at both the range ceiling and the range floor. Above the ceiling diamond, the prime number itself is displayed as a label. These markers serve as a visual ruler: they show the trader exactly where each sampling point falls in time and make the non-periodic spacing of the primes immediately visible on the chart. Fan settings 🔸 Show lower triangle lines / Show upper triangle lines — Toggle dashed outlines for each side. Default: off. When enabled, the outlines make individual triangle edges more distinct, which can be helpful when reading overlapping edges at specific price levels. 🔸 Lower / Upper line color — Stroke color for the dashed outlines. 🔸 Lower / Upper fill color — Fill color and transparency for the triangle bodies. Default: high transparency so candles remain readable. 🔸 Show vertical lines — Draws a vertical line at each prime-offset bar. Default: off. 🔸 Show prime labels — Displays the prime number and diamond at each offset. Default: on. 🔸 Diamond color / Diamond size — Visual styling for the diamond markers. 🔸 Label text size — Font size for the prime number labels. 🔸 Deep dive: Freeze / Revival Markets do not stay inside ranges forever. When price breaks out, most range-based indicators simply reset and start a new range from scratch, discarding whatever structural context existed before the breakout. The Freeze/Revival system takes a different approach: it preserves the prior range as a frozen reference while simultaneously tracking the new regime that emerges beyond it. How a freeze is triggered A freeze occurs when a confirmed close — not a wick, not an intra-bar spike — breaches the effective range boundary. The indicator compares the previous bar's close against the range that existed one bar before it, so the breach signal is fully confirmed and cannot repaint. Once a breach is detected: 🔸 The mother channel freezes — its high and low are locked at the values they held just before the breach. 🔸 A child channel is born on the breach side. For an upward breach, the child's floor is the frozen rangeHigh and its ceiling expands with each new high. For a downward breach, the child's ceiling is the frozen rangeLow and its floor drops with each new low. 🔸 A snowflake icon (❄) appears on the range price labels, and the triangle colors flip as described in the section above. The child channel and B' While the mother channel is frozen, the child channel computes its own independent pressure metric called B'. B' uses the same ICS triangle formula as the mother's B, but measured against the child's own boundaries. This means B' tracks the buyer/seller balance exclusively inside the new regime — the territory beyond the old range. A dedicated label appears at the breach candle showing the current B' value, converted to the percentage of the opposing force. For a downward breach, the label displays the buyer percentage inside the child; for an upward breach, it displays the seller percentage. This tells the trader how much counter-pressure is building inside the breakout zone. B' as a structural overbought / oversold reading When B' shows a very low opposing-force percentage shortly after a breach, the breakout side is structurally dominant — price has moved aggressively beyond the old range with minimal resistance. This condition is analogous to what traders call an overbought or oversold state, but derived from geometry rather than from momentum oscillators. The reading reflects the spatial imbalance between the two forces inside the child channel: one side occupies nearly all the geometric territory. As time passes, if the opposing force gradually builds — the B' percentage climbs — it signals that the breakout is losing its structural one-sidedness. The market is beginning to rebalance inside the new territory. Watching B' evolve over successive bars gives the trader a real-time gauge of whether the breakout retains its structural conviction or is approaching exhaustion. Revival: when does the freeze end? The freeze lifts when the opposing force inside the child channel reaches a user-defined threshold (default: 50%). At that point, the indicator interprets this as the exhaustion of the breakout: the force that drove the breach is being met by equal or greater counter-pressure. The freeze is lifted, all freeze state is reset, and the mother channel resumes normal range tracking. The snowflake icons, B' label, and color flips are removed. The revival threshold is configurable. A lower value makes the system more sensitive — it revives sooner, treating even moderate counter-pressure as a regime reset. A higher value makes it more patient — it waits for stronger opposition before releasing the freeze. The default represents balanced equilibrium: the freeze ends when the opposing side has matched the breach side. Why this matters The Freeze/Revival cycle gives the trader a structured way to observe regime transitions. Rather than watching a range silently reset after a breakout, the trader sees the old range preserved as context (frozen lines with ❄), the new regime measured in real time (B' at the breach candle with its overbought/oversold implication), and a clear signal when the transition is complete (revival). This makes it possible to distinguish between a genuine regime change and a brief spike that reverts — without relying on arbitrary time delays or fixed-bar re-entry rules. 🔸 Reading the indicator This indicator does not generate buy or sell signals. It is a measurement tool that quantifies the geometric balance between buyer and seller pressure. How that measurement is incorporated into a trading decision is entirely up to the trader. The following observations describe what the indicator shows, not what the trader should do. The barometer as a quick-glance gauge The barometer provides the fastest reading. A column dominated by red indicates that seller pressure is structurally larger than buyer pressure across the lookback window. A column dominated by blue indicates the reverse. When the split point sits near the center, pressure is approximately balanced. Watching how the split point migrates over successive bars reveals whether the pressure balance is shifting gradually or remaining stable. The fan as a spatial context layer The triangle fan adds spatial depth to the barometer's single-number reading. While the barometer tells you the current balance, the fan shows you where that balance is concentrated in price space. Areas where multiple triangle edges converge represent zones of intensified pressure — structural resistance above (red edges) or structural support below (blue edges). When price trades inside a region with sparse triangle coverage, it has more structural room to move before encountering the next pressure boundary. Freeze events as regime markers When a freeze occurs, it marks a structural event: price has left the established range. The frozen lines (marked with ❄) preserve the old context, and B' at the breach candle provides a real-time measure of how one-sided the new regime is. A very low opposing-force reading in B' indicates a structurally extended condition — the breakout side has occupied nearly all geometric territory. As B' climbs toward the revival threshold, it indicates increasing counter-pressure. The moment of revival itself marks the point where the new regime's one-sidedness has been structurally neutralized. Combining readings The three visual layers — barometer, fan, and freeze state — work together. For example, a barometer showing strong seller dominance combined with a fan whose red edges are densely clustered near the current price suggests concentrated structural resistance. If a freeze is also active with a low B', the structural picture is one of strong directional conviction on the breach side. Conversely, a barometer near balance with widely spaced fan edges and no active freeze suggests a structurally neutral environment. Data Window and alerts The Red %, Blue %, and raw B values are available in TradingView's Data Window for any bar by hovering over it. These same values are exposed as alert-ready plots, meaning traders can set alerts directly from TradingView's alert builder — for example, triggering when Red % crosses above or below a chosen level, or when B crosses zero. No Pine Script knowledge is required to create these alerts. 🔸 Open-source structure and reusability This script is published open-source under the Mozilla Public License 2.0. The full computation pipeline — the Yang-Zhang volatility estimator, the ICS coordinate transformation, the Shoelace area calculation, and the symmetric ratio that produces B — is readable, auditable, and reusable. B is a bounded output: it always falls between −1 and +1, carries no unit, and is computed from normalized geometry. These properties make it suitable as an input for other scripts. Examples of how B can serve as input to further analysis include: 🔸 Plotting B as a standalone oscillator with its own zero line and structural extremes. 🔸 Applying moving averages of different periods to B and studying their crossovers as indicators of shifting pressure regimes. 🔸 Using B as a weighting coefficient to scale other measurements by the current geometric pressure balance. 🔸 Comparing B across timeframes, since the ICS normalization makes the metric structurally comparable regardless of the chart resolution. 🔸 Testing for divergences between B and price action. 🔸 Using B as a filter condition for entry or exit logic in other strategies. The code is available for study and extension under MPL 2.0. Traders and developers who wish to build on this metric have full access to its derivation. 🔸 Settings reference Range Lines 🔸 Lookback length — Number of historical bars used to compute the high/low range. Default: 101. 🔸 Line width — Pixel width of the horizontal range lines. Default: 1. 🔸 Display mode — "Live" updates tick by tick using the current bar. "Closed" anchors on the last confirmed bar, eliminating intra-bar noise. Default: Live. ICS 🔸 ICS Window — Number of bars fed into the Yang-Zhang volatility estimator. Controls how much historical data shapes the normalization sigma. Default: 101. Prime Verticals and Labels 🔸 Show vertical lines — Draws a vertical line at each prime-offset bar. Default: off. 🔸 Show prime labels — Displays the prime number and diamond marker at each offset. Default: on. 🔸 Vertical line color — Color for vertical lines at prime offsets. 🔸 Diamond color — Color of diamond markers and their labels. 🔸 Label text size — Font size for prime number labels, in points. 🔸 Diamond size — Size of the diamond-shaped markers, in points. Prime Triangles 🔸 Show lower triangle lines — Toggle dashed outlines for lower (buyer) triangles. Default: off. 🔸 Show upper triangle lines — Toggle dashed outlines for upper (seller) triangles. Default: off. 🔸 Lower line color — Stroke color for lower triangle dashed outlines. 🔸 Upper line color — Stroke color for upper triangle dashed outlines. 🔸 Lower fill color — Fill color and transparency for lower (buyer) triangle bodies. 🔸 Upper fill color — Fill color and transparency for upper (seller) triangle bodies. Barometer 🔸 Show barometer — Toggle the barometer column on or off. Default: on. 🔸 Offset (bars right) — Horizontal distance from the last bar to the barometer column. Default: 11. 🔸 Width (bars) — Horizontal thickness of the barometer column. Default: 5. 🔸 Gradient steps — Number of boxes used to render the gradient. Higher values produce a smoother fade. Default: 50. Freeze and Revival 🔸 Revival threshold (B') — When the opposing force inside the child channel reaches this percentage, the freeze ends and the mother channel resumes. A lower value revives sooner; a higher value waits for stronger counter-pressure. Default: 50. 🔸 Disclaimer This indicator is a technical analysis tool designed for educational and informational purposes. It measures the geometric balance between buyer and seller pressure using the methodology described above. It does not predict future price movements, does not guarantee any outcome, and does not constitute financial, investment, or trading advice. The B metric, the barometer, the triangle fan, and the Freeze/Revival system are structural measurements derived from historical price data. Like all technical indicators, they reflect past and present conditions and carry inherent limitations. Market conditions can change rapidly, and no single measurement tool can account for all factors that influence price. Traders should use this indicator as one component within a broader analytical framework, always in combination with their own research, risk management practices, and judgment. Past performance of any reading or pattern observed through this indicator is not indicative of future results. Use this tool at your own risk. The author assumes no liability for any trading decisions made based on the information provided by this indicator.
Pine Script® indicator
by ata_sabanci
Shift Share - Full Diagnostics & R2📄 Shift Share: Full Diagnostics & R² Indicator Purpose: To perform a "Multivariate Regression" on a stock's returns to see what is driving the price. █ THE FOUR PERFORMANCE COMPONENTS The indicator breaks down every price movement into four distinct buckets: * Market (Beta): Returns driven by the broad market (e.g., SPY). * Sector (Beta): Returns driven by your specific industry (e.g., XLF for Banks). * Interaction: Returns caused by the market and sector moving in tandem (synergy). * Unique (Idiosyncratic): Returns purely specific to the company (news, earnings, management). █ CORE LOGIC & MATH The script uses Log Returns and a Rolling Window (default 60 days) to calculate: * Rolling Beta: It calculates how sensitive the stock is to the Market, Sector, and Interaction over time. This isn't a static number; it adapts as the stock's relationship with the market changes. * T-Stats: This is a statistical "truth detector." It checks if the relationship is mathematically significant or just "noise." * R-Squared ($R^2$): A measure of "Model Confidence." An $R^2$ of 0.80 means 80% of the stock's movement is explained by the Market and Sector, while 20% is random or unique. █ HOW TO INTERPRET THE OUTCOME 1. The Cumulative Lines (The Visual Chart) * Total (White): The actual price performance of the stock. * Unique (Red): This is the most important line for stock pickers. If the red line is trending up, the company is outperforming its peers regardless of the economy. If it's trending down, the company is "bleeding" value despite what the market is doing. * Market/Sector (Blue/Orange): If these are the primary movers, the stock is a "Beta play"—it’s just a passenger on the macro boat. 2. The Diagnostics Table (The Data) * Share %: Tells you what percentage of the total return was contributed by that specific source. * vs : * : Statistically Significant. You can trust that this factor (e.g., the Sector) is actually driving the price. * : Not Significant. The relationship is weak; the price moves are likely random noise. * Model Confidence ($R^2$): If this is low (e.g., < 30%), the "Unique" component is high, meaning the stock is "decoupled" from the market and doing its own thing. █ LIMITATIONS * Lookback Bias: Because it uses a rolling window (60 bars), it may take time to "notice" a sudden change in a stock's behavior. * ETF Choice: The accuracy depends entirely on choosing the correct Sector ETF in the settings. If you use a Tech ETF (XLK) for a Bank stock, the data will be meaningless.
Pine Script® indicator
by Stephen_F
byquan GP - Combined GP 1H+ ChiBao A Filter// GP - Combined EMA Early Retest + SRSI Channel Filter This script combines two complementary approaches into a filtered momentum and pullback retest system. The core concept is to generate **high-probability entry signals** by requiring confirmation from both price action structure (via EMA pullback & early retest) and multi-timeframe momentum extremes (via SRSI Channel). ### Indicator A – EMA Early Retest Logic This part identifies potential early retest entries after a strong move: - Uses a triple EMA system (Fast 20 / Mid 50 / Slow 100 by default). - Detects when the fast EMA crosses the mid or slow EMA, then tracks the subsequent pullback. - Measures pullback depth as a percentage of the prior impulse move. - Triggers a signal when price (via fast EMA) returns to an **early retest zone** (default 90% of the pullback), but only in the direction of the higher trend (Mid vs Slow EMA). This logic aims to catch early resumption of the trend instead of waiting for a full retest of the swing low/high. ### Indicator B – Multi-Timeframe SRSI Channel Provides higher-timeframe momentum context: - Calculates Stochastic RSI (K+D) on open, high, low, and close. - Aggregates values from **four higher timeframes** (default: 3H, 6H, 12H, 24H). - Detects momentum extremes and confirms reversals after a set number of bars (default 10 bars confirmation). - Acts as a powerful **momentum filter** to avoid signals against the broader momentum. ### Combined Filter System The final signals are **filtered** using a 1-week lookback: - A buy signal from the EMA Early Retest is only valid if the SRSI Channel has recently confirmed a momentum low (oversold reversal). - A sell signal is only valid if the SRSI Channel has recently confirmed a momentum high (overbought reversal). This filter significantly reduces false signals by ensuring that short-term price action aligns with broader momentum shifts. ### How to Use **Bullish (Long) Signal:** - Lime triangle appears below the bar. - Indicates the fast EMA has pulled back and is retesting early in an uptrend, confirmed by recent multi-timeframe SRSI momentum low. **Bearish (Short) Signal:** - Red triangle appears above the bar. - Indicates the fast EMA has pulled back and is retesting early in a downtrend, confirmed by recent multi-timeframe SRSI momentum high. **Visual Elements:** - Orange = Fast EMA (most responsive) - Blue = Mid EMA - Gray = Slow EMA (trend filter) - Light triangles = Original EMA signals (filtered out) - Bright triangles = **Filtered high-probability signals** ### Recommended Usage - Best suited for **intraday and swing trading** on 5m, 15m, 30m, and 1H timeframes. - Works well on major forex pairs, indices, and cryptocurrencies. - Use in the direction of the higher timeframe trend for better performance. - Combine with support/resistance, order blocks, or volume analysis for maximum edge. ### Settings Tips - Adjust "Pullback depth (%)" and "Early retest ratio" to match market volatility. - Modify higher timeframe settings in "Indicator B" group to suit your trading style. - Increase "Confirm bars" for stricter (fewer but higher quality) signals. This is **not** a simple mashup of indicators. The real value comes from the intelligent combination of **price structure (EMA retest)** with **multi-timeframe momentum confirmation**, plus the 1-week lookback filter. The script is open-source and shared for educational purposes only. It is not financial advice — always use proper risk management and backtest thoroughly before using on a live account. Feedback and suggestions are welcome!
Pine Script® indicator
by avafelicityabby2
Average Daily Range by BlemAverage Daily Range (ADR) Indicator Displays the Average Daily Range of any instrument directly on your chart as a clean, screen-anchored overlay — accurate on any timeframe from 1-minute to weekly. What it shows: 1. Average Daily Range — the N-day average of daily high-low ranges (default 14 days) 2. ADR Remaining — how much of today's average range is still uncovered, useful for setting intraday targets (optional, can be toggled off) How it works: ADR is calculated using actual daily candle data regardless of the timeframe you are viewing, so the value is always consistent and accurate. Fully customizable: • ADR lookback period • Screen position (9 combinations — top/middle/bottom × left/center/right) • Background color, text color, text size • ADR Remaining color thresholds (green when range remains, red when nearly exhausted) • Toggle ADR Remaining on/off How to use: Traders use ADR to understand how much movement to expect in a session. When ADR Remaining is high, there is still room for the move to continue. When it approaches zero, the daily range is nearly complete and momentum may fade. ADR is a statistical generalization based on past price behavior. On any given day, price may fall short of the average, or exceed it significantly. It should never be treated as a guaranteed target or a hard boundary. Use it as a general reference for expected daily movement, not as a precise prediction.
Pine Script® indicator
by Trader_Unkn0wn_
EMA 9/21/50 Bullish/Bearish Tracker SEDAT XI [5min Optimized]EMA 9/21/50 Bullish/Bearish Tracker SEDAT XI A clean, powerful, and visual trend strength indicator optimized for 5-minute charts. This indicator combines the classic EMA 9 – 21 – 50 stack with Higher Timeframe confirmation (15min EMA 50) and Volume Momentum to help traders quickly identify high-probability bullish and bearish setups. ✨ Key Features Triple EMA System: EMA 9 (Fast), EMA 21 (Medium), and EMA 50 (Trend) Dynamic Coloring: EMAs change color based on price position for instant visual feedback Higher Timeframe Filter: 15-minute EMA 50 confirmation to avoid counter-trend trades on 5min charts Volume Momentum Tracker: Detects significant volume spikes with bullish/bearish candle direction Strong Signal Logic: Combines EMA stack + Price position + HTF alignment + Volume spike Smart Background Coloring: Clear green/red background for strong momentum phases Professional Table Dashboard: Real-time status of Price, Stack, Volume, and HTF alignment Built-in Alerts: Multiple high-quality alert conditions Movable Table: Fully adjustable position with pixel offsets. 🎯 How to Read the Indicator Strong Bullish (Bright Green Background) EMA 9 > 21 > 50 (Bull Stack) Price above all three EMAs Price above 15min EMA 50 Bullish volume spike Strong Bearish (Bright Red Background) EMA 9 < 21 < 50 (Bear Stack) Price below all three EMAs Price below 15min EMA 50 Bearish volume spike The table gives you a complete snapshot at a glance: STATE: Overall market condition PRICE: Position relative to EMAs STACK: EMA alignment VOLUME: Spike detection HTF 15m: Higher timeframe confirmation 🚨 Alerts Included Price crosses EMA 50 Strong Bullish / Bearish Alignment Bullish/Bearish Volume Spikes during trend EMA 9/21 crossover in strong trend Best Used On Primary: 5-minute charts Also works well on 3min, 8min, and 15min timeframes Ideal for Day Trading, Scalping, and Swing Entries Settings Overview EMA Settings Adjustable lengths for EMA 9, 21, 50 Custom source (Close, HL2, etc.) Volume Settings Volume MA Length Spike Multiplier (default 1.5×) Table Position Choose base position + fine-tune with X/Y pixel offsets Created by Sedat XI Optimized for clean, stress-free trading on 5-minute charts. Would you like me to also write: A shorter version (for mobile view)? Detailed "How to Trade" section with examples? Tags and categories for publishing? Just say the word and I’ll refine it further!377ms
Pine Script® indicator
by usamotorcars
Turtle TV True Open Table📊 True Open — Session Level Indicator Track the most important price levels of the trading day with the True Open TTV indicator. This tool plots five key session open levels directly on your chart and gives you a live status table showing whether price is trading Above, Below, or At each open. ────────────────────────── 🔑 LEVELS TRACKED ────────────────────────── • TMSO — Tokyo Midnight Session Open • NYO — New York Open (09:30 ET) • TDO — Today's Daily Open • TWO — This Week's Open (Monday) • TMO — This Month's Open ────────────────────────── 📋 FEATURES ────────────────────────── ✅ Live status table (Above / Below / At) with color coding ✅ Horizontal level lines with price labels on the chart ✅ Auto-captures session opens from live price action ✅ Manual level override inputs for custom session times ✅ Fully customizable — colors, line style, table position ✅ Works on any instrument: futures, forex, indices, crypto ────────────────────────── 🎨 COLOR LOGIC ────────────────────────── 🔴 Red → Price is ABOVE the open (bearish bias vs. that level) 🟢 Green → Price is BELOW the open (bullish bias vs. that level) 🟡 Amber → Price is AT the open (within 1 point — key decision zone) ────────────────────────── ⚙️ SETTINGS ────────────────────────── All inputs are adjustable in the settings panel: • Show/hide table, lines, and labels • Table position (Top Right / Left / Bottom) • Line style: Solid, Dashed, or Dotted • Manual price overrides for each session level • Custom colors for Above, Below, At, and table background ────────────────────────── 📌 HOW TO USE ────────────────────────── Session opens are auto-detected using UTC time. If your broker's data feed uses a different session boundary, use the manual override inputs in the settings to pin each level manually. Best used on intraday timeframes (1m–1H) for NQ, ES, YM, GC, currencies, or any instrument where session opens act as key support/resistance. ────────────────────────── If you find this useful, please give it a ⭐ and share your feedback in the comments. Suggestions for new session levels or features are welcome! #futures #NQ #ES #sessionlevels #trueopen #TTV #daytrading #priceaction
Pine Script® indicator
by Turtle_tv4