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Highertimeframes

HTF Candle Dynamics [LuxAlgo]The HTF Candle Dynamics indicator provides traders with a comprehensive view of Higher Timeframe (HTF) price action and volume distribution directly on their lower timeframe charts. By projecting the current developing HTF candle and its internal volume characteristics to the right of the price, users can maintain high-level context without switching tabs. Note: Ensure the chart timeframe is lower than the selected HTF setting for the indicator to function correctly. 🔶 USAGE This tool is designed to bridge the gap between execution timeframes and higher-level market structures. It is particularly useful for scalpers and day traders who need to stay aware of Daily or Weekly levels while trading on 1-minute or 5-minute charts. 🔹 HTF Candle Projection Visualizes the current HTF period (e.g., Daily, Weekly) as a dynamic candle on the right side of the chart. It includes projections for the HTF Open, High, Low, and Close levels. These levels often act as significant psychological barriers where price might find support or resistance. 🔹 Intraday Volume Profile Generates a volume profile specifically for the current HTF period. This allows traders to see where the most volume is being transacted within the developing candle. Identifying "High Volume Nodes" within the current HTF candle can signal where institutional interest is concentrated. 🔹 Dynamic POC Tracking A polyline tracks the movement of the Point of Control (POC) throughout the HTF period, showing how the most traded price level has shifted over time. If the POC is trending upward alongside price, it confirms a healthy bullish trend; if price moves away from a static POC, it might indicate a potential mean reversion back to that high-volume level. 🔹 How to Use Traders can utilize this indicator to align their intraday trades with the broader market direction: Identifying Value : Use the Intraday Volume Profile to spot the Point of Control. If the price is trading above the POC, the market is currently in a premium zone for that HTF. If it is below, it may be considered "discounted" relative to the volume transacted so far. Breakout Confirmation : When price breaks the High or Low of the projected HTF candle, traders look for volume expansion within the profile to confirm if the breakout has significant participation. Mean Reversion : The Dynamic POC line acts as a magnet. If price overextends significantly from the POC line, traders often look for signs of exhaustion to play a move back toward the high-volume area. 🔶 DETAILS The indicator uses security calls to fetch historical HTF data while calculating the current developing period in real-time. A dedicated status table ensures the selected HTF is valid relative to the chart timeframe to prevent calculation errors. 🔹 History Dashboard The dashboard provides a statistical breakdown of the previous three HTF candles (T-1, T-2, T-3). This is crucial for "Contextual Trading." By seeing the OHLC values and Volume Delta of the previous periods, you can determine if the market is experiencing "Expansion" (increasing volume and candle size) or "Contraction" (decreasing volume and tighter ranges). 🔹 Volume Delta The Volume Delta shown in the history dashboard is an approximation calculated by summing volume based on the direction of individual intraday candles. 🔶 SETTINGS HTF Setting : Defines the timeframe for the candle projection and volume profile (default is "D"). Right Offset : Adjusts the horizontal position of the projected candle and labels to avoid overlapping with price. Visuals : Full control over bullish/bearish colors, POC lines, and projection offsets. Volume Profile : Toggle the profile visibility and customize the number of rows or the maximum width of the bars. History Dashboard : Toggle the history dashboard and adjust its position (Top Right, Bottom Right, etc.) or size.
Pine Script® indicator
by LuxAlgo
HTF Candle Architecture [BigBeluga]🔵 OVERVIEW HTF Candle Architecture is an advanced higher-timeframe (HTF) structural visualization tool that reconstructs and projects HTF candles directly onto any lower-timeframe chart. Instead of relying on standard timeframe switching, the indicator builds synthetic HTF candles in real time, exposing their internal architecture — High, Low, Open, and Close — as dynamic price levels that extend into the future. This tool is designed to help traders read higher-timeframe intent, structure, and control points while operating on lower timeframes with precision. 🔵 CORE IDEA Markets are governed by higher-timeframe structure, even when trading lower timeframes. HTF candles define key decision levels where liquidity, rejection, and continuation often occur. By reconstructing HTF candles bar-by-bar, traders can track their evolution instead of waiting for candle close. 🔵 HOW THE INDICATOR WORKS HTF Candle Reconstruction The indicator uses the selected HTF timeframe (e.g., Daily, 4H, 1H). Each time a new HTF candle begins, the previous HTF candle’s OHLC values are stored. While the current HTF candle is forming, its High and Low are continuously updated in real time. This creates a live HTF candle that evolves with every lower-timeframe bar. Synthetic Candle Architecture Each HTF candle is drawn using: A vertical wick (High–Low range) A candle body (Open–Close) Candles are color-coded automatically: Bullish candle → bullish color Bearish candle → bearish color This makes HTF direction visually clear without changing chart timeframe. 🔵 OHLC LEVEL PROJECTION LOGIC High, Low, Open, and Close levels from each HTF candle can be enabled independently. Each level is projected forward by a user-defined offset . Projected levels act as: HTF support and resistance Liquidity interaction zones Execution reference points for lower-timeframe entries Different line styles (Solid / Dashed / Dotted) can be assigned per level for clarity. 🔵 MULTI-CANDLE STRUCTURE Up to four HTF candles can be displayed simultaneously. Older candles provide historical context. The most recent candle shows active HTF structure. Each candle is offset horizontally to prevent overlap and preserve readability. 🔵 REAL-TIME VS COMPLETED CANDLES Completed HTF candles represent confirmed structure. The real-time HTF candle shows how current price is building relative to higher-timeframe extremes. This allows traders to anticipate HTF reactions before candle close. 🔵 VISUAL & STRUCTURAL DETAILS Top label displays selected higher timeframe. Optional labels display exact OHLC prices and candle index. Small circular markers highlight exact OHLC anchor points on the chart. Background shading marks the moment a new HTF candle begins. A timeframe label confirms the active HTF reference. 🔵 PRACTICAL USE CASES Trade lower timeframes in alignment with HTF candle bias. Use HTF Open and Close as directional bias levels. Use HTF High and Low as liquidity sweep and rejection zones. Combine with order blocks, volume tools, or market structure indicators. 🔵 CONCLUSION HTF Candle Architecture transforms higher-timeframe candles into actionable structure on any chart. By exposing the internal OHLC architecture of HTF candles — both completed and forming — the indicator bridges the gap between macro structure and micro execution, allowing traders to align precision entries with dominant market intent.
Pine Script® indicator
by BigBeluga
15
HTF Frequency Zone [BigBeluga]🔵 OVERVIEW HTF Frequency Zone highlights the dominant price level (Point of Control) and the full high–low expansion of any higher timeframe — Daily, Weekly, or Monthly. It captures the frequency of closes inside each HTF candle and plots the most traded “frequency zone”, allowing traders to easily see where price spent the most time and where buy/sell pressure accumulated. This tool transforms each higher-timeframe bar into a fully visualized structure: • Top = HTF high • Bottom = HTF low • Midline = HTF Frequency POC • Color-coded zones = bullish or bearish bias • Labels = counts of bullish and bearish candles inside the HTF range It is designed to give traders an immediate understanding of high-timeframe balance, imbalance, and price attraction zones. 🔵 CONCEPTS HTF Partitioning — Each Weekly/Daily/Monthly candle is converted into a dedicated zone with its own High, Low, and Frequency Point of Control. Frequency POC (Most Touched Price) — The indicator divides the HTF range into 100 bins and counts how many times price closed near each level. Dominant Zone — The level with the highest frequency becomes the HTF “Value Zone,” plotted as a bold central line. Directional Bias — • Bullish HTF zone • Bearish HTF zone Internal Candle Counting — Within each HTF period the indicator counts: • Buy candles (close > open) • Sell candles (close < open) This reveals whether intraperiod flow was bullish or bearish. HTF Structure Blocks — High, Low, and POC are connected across the entire higher-timeframe duration, showing the real shape of HTF balance. 🔵 FEATURES Automatic HTF Zone Construction — Generates a complete price zone every time the selected timeframe flips (Daily / Weekly / Monthly). Dynamic High & Low Extraction — The indicator scans every bar inside the HTF window to find true extremes of the range. 100-Level Frequency Scan — Each close within the period is assigned to a bin, creating a detailed distribution of price interaction. HTF POC Highlighting — The most frequent price level is plotted with a bold red line for immediate visual clarity. Bull/Bear Coloring — • Green → Bullish HTF zone. • Orange → Bearish HTF zone. Zone Shading — High–Low range is filled with a semi-transparent color matching trend direction. Buy/Sell Candle Counters — Printed at the top and bottom of each HTF block, showing how many internal candles were bullish or bearish. POC Label — Displays frequency count (how many touches) at the POC level. Adaptive Threshold Warning — If bars inside the HTF window are too few (<10), the indicator warns the trader to switch timeframe. 🔵 HOW TO USE Higher-Timeframe Biasing — Read the zone color to determine if the HTF candle leaned bullish or bearish. Value Zone Reactions — Price often reacts to the Frequency POC; use it as support/resistance or liquidity magnet. Range Context — Identify when price is trading near HTF highs (breakout potential) or lows (reversal potential). Momentum Evaluation — More bullish internal candles = internal buying pressure; more bearish = internal selling pressure. Swing Trading — Use HTF zones as the “macro map,” then execute trades on lower timeframes aligned with the zone structure. Liquidity Awareness — The HTF POC often aligns with algorithmic liquidity levels, making it a strong reaction point. 🔵 CONCLUSION HTF Frequency Zone transforms raw higher-timeframe candles into detailed distribution zones that reveal true market behavior inside the HTF structure. By showing highs, lows, buying/selling activity, and the most interacted price level (Frequency POC), this tool becomes invaluable for traders who want to align executions with powerful HTF levels, liquidity magnets, and structural zones.
Pine Script® indicator
by BigBeluga
3
ICT Essentials [LDT]ICT Essentials Overview ICT Essentials is an all-in-one trading utility built to create a natural and efficient workflow for ICT-based traders. Every component has been designed to integrate seamlessly and update dynamically across timeframes. The indicator focuses on clarity, performance and customization, allowing traders to tailor every part of their trading experience. Equal Highs & Lows This feature automatically detects and marks Equal Highs (EQH) and Equal Lows (EQL) with full control over visuals and behavior. Users can customize line colors, widths, and styles, label size, color, background transparency and text offset. The logic uses an optimized scanning and caching system that maintains smooth performance even on higher timeframes. It provides a precise and adaptive way to identify structural liquidity points whilst keeping the chart clean and readable. Killzones & Session Pivots Plots the main trading sessions such as Asia, London and New York (AM, Lunch, PM) with full flexibility and styling options. Each session can be enabled or disabled individually, with its own color, transparency and label preferences. Session highs and lows are automatically tracked and plotted as pivots with extension modes like Until Mitigated or Past Mitigation. This system gives traders the ability to organize market sessions exactly how they prefer whilst keeping the chart consistent and efficient. Daily Pivots and Tier System Alongside session pivots, the script tracks daily highs and lows to provide a broader structural view of price. These pivots are stored and displayed on the chart with their appearance updating automatically when price interacts with them. The system includes a unique tier-based visibility filter that maintains a clean chart by preventing duplicate or overlapping pivots. Recent daily pivots are cached and compared to session pivots and when two levels fall within a defined proximity, the redundant one is automatically hidden. This creates a clear hierarchy of daily and session levels, keeping the most relevant structure visible whilst removing noise. All aspects of the daily pivot system are fully customizable, including the number of tracked pivots, color, style settings and how mitigated levels are handled. The caching and filtering logic ensures smooth performance and a visually organized workspace even as the data updates in real time. Key Times Allows up to five custom key time markers such as the Midnight Open, 6:00 AM or 10:00 AM. Each marker can be fully customized with its own text, color, line style and thickness. This makes it simple to visualize key reaction points that align with each traders timing model. Higher Timeframe Candles Displays higher timeframe candles such as 1H, 4H or Daily directly on the active chart to provide context without switching views. Users can customize body, wick and border colors, along with adding optional trace lines for the open, close, high and low and can also show the countdown timers for remaining candle time. Adjustable spacing, positioning and label visibility makes the display blend naturally with any trading setup. This module helps traders connect multiple timeframes visually in a clean and intuitive way. Watermark Adds a customizable watermark with title, subtitle and symbol or timeframe information. Every element can be adjusted for color, size, transparency, alignment and position. The result is a polished, professional chart layout that adapts to the user's personal style. Optimization and Design ICT Essentials is built for performance, using cached arrays and lightweight calculations to maintain responsiveness on all timeframes. Each feature can be toggled individually to suit the traders focus or system performance. The script delivers a fluid, customizable and highly optimized trading experience designed to feel natural and effortless in day-to-day use. Credits This script takes reference and inspiration from several open-source indicators: Equal Highs and Lows by jzstur ICT HTF Candles (fadi) by fadizeidan ICT Killzones + Pivots EP by tradeforopp AG FX - Watermark by AGFXTRADING All components have been refactored, optimized and unified into a single framework for a smoother and more efficient workflow.
Pine Script® indicator
by LeoDoesTrading
13
Double Moving Average█  OVERVIEW The Double Moving Average (DMA) smooths one moving average with a second moving average. Includes moving average type, higher timeframe, offset, alerts, and style settings for all of the indicator's visual components. This indicator includes an optional line and label to indicate the latest value of the DMA that repaints. █  CONCEPTS Shorter term moving averages, especially in choppy markets, can rapidly increase and decrease their slope. Which could lead some traders into assuming that the series trend may continue at that steeper slope. By smoothing a moving average with another one, the magnitude of rapid choppy movements is mitigated. █  FEATURES DMA Customization Most inputs have a tooltip that can be read by interacting with the information icon to guide users. For both moving averages in the DMA, users can set the lookback length and moving average type independently. Available moving average types include: Simple Moving Average Exponential Moving Average Hull Moving Average Weighted Moving Average Volume Weighted Moving Average A bar offset setting is included for shifting the indicator's placement. Using different lookback combinations for both averages alongside an offset can create equivalent values of other types of moving averages not included in this indicator. For example, if the default lookback settings are offset by 1 bar, this duplicates a 4 period centered moving average. Colors for the DMA's plot can toggle between a single "base" color, or using increasing and decreasing colors. Changing the plot's style, line style, and width is also supported. Latest Value Line and Label The latest value of the DMA plot is replaced by default with a feature called the Latest Value Line and Label: a stylized line and label to help indicate the part of the indicator that can repaint from the parts that don't repaint. Data used to draw this feature is calculated separately from the indicator's confirmed historical calculations. A label is included to display the latest value of the DMA which includes complete style settings. The style of both the line and label are completely customizable; every style feature that can be included has a corresponding input you can set. Toggling off the Latest Value Line and Label feature will cause all the respective style inputs to deactivate so that they're no longer in focus or editable until the feature is toggled on again. Higher Timeframes Users can plot the DMA from higher timeframes on their chart. As new bars print, the non-repainting DMA historical plot uses the last confirmed higher timeframe value. The repainting Latest Value Line and Label will update with the most recent higher timeframe value only for the latest bar. If the Latest Value Line feature is toggled off, the last confirmed higher timeframe DMA value is plotted up to the latest bar. The built-in Moving Average Simple (SMA) indicator includes several of the features in this indicator, like an option for using higher timeframe. However, by default, it plots no values except on bars with higher timeframe close updates. Disabling "Wait for timeframe closes" to get values between updates causes repainting in both replay mode and realtime bars. Since the calculations that repaint are separate and optional in the DMA indicator, historical plotted values will not repaint in replay mode or on realtime bars while using higher timeframes. Alerts There are two DMA value options when creating an alert: DMA Latest Value: Use the latest updating DMA Value. The same value as the Latest Value Line. DMA Last Confirmed Value: Use the last historical closed DMA value. The default alert option is DMA Latest because most users expect alerts when the price crosses the latest updating DMA value. The Last Confirmed Value alert option uses the DMA value from the latest confirmed historical bar. When creating an alert you should see a "Caution!" warning saying, "This is due to calculations being based on an indicator or strategy that can get repainted." This warning is intentional because the DMA indicator's Latest Value Line and Label feature is supposed to repaint in order to display the latest value. █  FOR Pine Script™ CODERS StyleLibrary is used to create user-friendly plot, line, and label style enum type inputs. The library's functions then take those user inputs and convert them into the appropriate values/built-in constants to customize styles for plot, line, and label functions. Titles for #region blocks are included after #endregion statements for clarity when multiple #endregion statements occur. This indicator utilizes the new active parameter for style inputs of togglable features.
Pine Script® indicator
by joebaus
Higher Timeframe TrendMap [BigBeluga]🔵HTF TrendMap A powerful visual overlay that brings higher timeframe market structure directly onto your intraday chart. This tool maps directional bias, trend strength, and dynamic range boundaries from a user-selected HTF (like Daily or 4H), offering a real-time confluence layer for scalpers, day traders, and swing traders. By plotting the evolving average (HL2), it acts as a volatility-weighted trend anchor, allowing you to align lower timeframe entries with higher timeframe intent. Technical Overview: At the close of each higher timeframe (HTF) candle, the indicator stores the high, low, and calculates the HL2 midpoint. These values are then referenced on the lower timeframe chart to plot trend direction and price boundaries. 🔵 KEY FEATURES Maps the selected higher timeframe (HTF) (e.g., Daily) onto your current chart. At the close of each HTF candle , it starts to calculate and store the highest, lowest, and average (HL2) price levels . The average (HL2) value is treated as the HTF trend baseline —plotted in orange for uptrend , blue for downtrend . Visual curve thickens and fades to show progress through the HTF period (stronger color = fresher data). Horizontal dashed lines show HTF high and low levels that persist until the next period closes. On every HTF close, two price labels are printed for the high and low levels. Vertical separators visually mark the start of each HTF candle for easy structural recognition. A real-time dashboard shows selected HTF, current trend direction (🢁/🢃), and updates dynamically. 🔵 HOW TO USE Use the HTF average line as a bias filter —only long when the trend is up (orange), short when down (blue). HTF high/low labels help identify key breakout or rejection zones . Combine with intraday systems or reversal tools for multi-timeframe confluence setups . Ideal for scalpers and swing traders who rely on HTF momentum shifts . 🔵 CONCLUSION HTF TrendMap provides a clean, data-rich layer of higher timeframe context to any chart. With adaptive trend coloring, volatility mapping, and real-time data labeling, it enables traders to stay in sync with macro structure while executing on the micro.
Pine Script® indicator
by BigBeluga
11
CSCMultiTimeframeToolsLibrary "CSCMultiTimeframeTools" Calculates instant higher timeframe values for higher timeframe analysis with zero lag. getAdjustedLookback(current_tf_minutes, higher_tf_minutes, length)   Calculate adjusted lookback period for higher timeframe conversion.   Parameters:      current_tf_minutes (int) : Current chart timeframe in minutes (e.g., 5 for 5m).      higher_tf_minutes (int) : Target higher timeframe in minutes (e.g., 15 for 15m).      length (int) : Base length value (e.g., 14 for RSI/MFI).   Returns: Adjusted lookback period (length × multiplier). Purpose and Benefits of the TimeframeTools Library This library is designed to solve a critical pain point for traders who rely on higher timeframe (HTF) indicator values while analyzing lower timeframe (LTF) charts. Traditional methods require waiting for multiple candles to close—for example, to see a 1-hour RSI on a 5-minute chart, you’d need 12 closed candles (5m × 12 = 60m) before the value updates. This lag means missed opportunities, delayed signals, and inefficient decision-making. Why Traders Need This Whether you’re scalping (5M/15M) or swing trading (1H/4H), this library bridges the gap between timeframes, giving you HTF context in real time—so you can act faster, with confidence. How This Library Eliminates the Waiting Game By dynamically calculating the adjusted lookback period, the library allows: Real-time HTF values on LTF charts – No waiting for candle closes. Accurate conversions – A 14-period RSI on a 1-hour chart translates to 168 periods (14 × 12) on a 5-minute chart, ensuring mathematical precision. Flexible application – Works with common indicators like RSI, MFI, CCI, and moving averages (though confirmations should be done before publishing under your own secondary use). Key Advantages Over Manual Methods Speed: Instantly reflects HTF values without waiting for candle resolutions. Adaptability: Adjusts automatically if the user changes timeframes or lengths. Consistency: Removes human error in manual period calculations. Limitations to Note Not a magic bullet – While it solves the lag issue, traders should still: Validate signals with price action or additional confirmations. Be mindful of extreme lookback lengths (e.g., a 200-period daily SMA on a 1-minute chart requires 28,800 periods, which may strain performance).
Pine Script® library
by CoffeeshopCrypto
2
HTF Trend Tracker [BigBeluga]HTF Trend Tracker is a higher timeframe (HTF) trend tracking indicator designed to help traders identify significant trends, key levels, and market sentiment. The indicator dynamically adapts to the current price action, using HTF highs and lows to display trend direction and strength with detailed visuals. 🔵 Key Features: Dynamic Trend Detection: Uptrend is identified when the price closes above the HTF high. Downtrend is detected when the price closes below the HTF low. Midline changes color dynamically based on the trend direction: Bullish Green: Indicates an uptrend. Bearish Red: Indicates a downtrend. Historical and Active HTF Levels: Historic HTF highs and lows are displayed as dotted lines. Current active HTF high and low levels are shown as solid lines. Timeframe labels (e.g., "1D High" or "1D Low") mark the active levels for clarity. Trend Change Signals: A green checkmark (✓) is plotted when an uptrend starts. A red cross (✕) appears when a downtrend begins. Trend-Based Candle Coloring: Candle colors change dynamically based on the trend and the price's distance from the midline: Intense Bullish Green: Price is far above the midline during an uptrend. Intense Bearish Red: Price is far below the midline during a downtrend. Neutral Gray: Price is near the midline. Users can customize the colors to suit their preferences. 🔵 Usage: Identify uptrends and downtrends using the midline's color and the position of the close relative to the HTF levels. Use solid lines and timeframe labels to track current HTF high and low levels. Observe dotted lines for historical HTF levels to understand past price behavior. Watch for checkmark (✓) and cross (✕) signals to spot trend changes and key market shifts. Monitor candle colors to gauge trend intensity and proximity to the midline: Intense colors signal strong trends, while neutral gray indicates consolidation near the midline. HTF Trend Tracker is an essential tool for traders aiming to follow higher timeframe trends, identify key levels, and make data-driven decisions based on price dynamics and trend strength. Its customizable features allow for flexible integration into any trading strategy.
Pine Script® indicator
by BigBeluga
14
Real-Time HTF Volume Footprint [BigBeluga]Real-time HTF Volume Footprint Profile is designed to provide a comprehensive view of higher timeframe volume profiles on your current chart. It overlays critical volume information from larger timeframes (like daily, weekly, or monthly) onto lower timeframe charts, helping you spot significant levels where volume is concentrated, acting as potential support or resistance. 🔵 Key Features: HTF High and Low Zones: The indicator highlights the high and low of the chosen higher timeframe with clear zones, marking them with boxes. These zones help you see the broader market structure at a glance. Volume Profile within HTF Range: Each higher timeframe range displays a volume profile, showing the distribution of volume at each price level. The most-traded price is highlighted in blue, known as the Point of Control (POC), indicating the price level with the highest activity. Dynamic POC Option: Activate Dynamic POC to observe how the Point of Control shifts over time, giving insight into changing market interests and potential price direction. Timeframe Flexibility: Select from daily, weekly, and monthly ranges (and more) to overlay their footprint profiles on your lower timeframe chart. This helps you tailor the indicator to the trading horizon that suits your strategy. Info Table: Table shows a traders which timeframe is selected with last high and low of the selected timeframe Visual Clarity with Custom Colors: The indicator uses subtle fills and distinct colors to ensure volume profile data integrates seamlessly into your chart without overwhelming other indicators or price data. 🔵 When to Use: The HTF Volume Footprint Profile is essential for traders who want to bridge the gap between high-timeframe and intraday analysis. By visualizing HTF volume distribution on lower timeframes, this tool helps you: Spot potential liquidity zones where price might react. Identify support and resistance levels within HTF ranges. Monitor PoC shifts that indicate changes in market behavior. Track how current price aligns with significant volume clusters, providing a clear edge for volume-based strategies. This indicator empowers traders to analyze lower timeframes with the context of higher timeframe volume profiles, providing a solid basis for identifying critical support and resistance levels shaped by large volume clusters. Whether you’re looking to spot liquidity zones or align your trades with broader market trends, HTF Volume Footprint Profile equips you with a strategic view.
Pine Script® indicator
by BigBeluga
10
Momentum Nexus Oscillator [UAlgo]The "Momentum Nexus Oscillator " indicator is a comprehensive momentum-based tool designed to provide traders with visual cues on market conditions using multiple oscillators. By combining four popular technical indicators—RSI (Relative Strength Index), VZO (Volume Zone Oscillator), MFI (Money Flow Index), and CCI (Commodity Channel Index)—this heatmap offers a holistic view of the market's momentum. The indicator plots two lines: one representing the current chart’s combined momentum score and the other representing a higher timeframe’s (HTF) score, if enabled. Through smooth gradient color transitions and easy-to-read signals, the Momentum Nexus Heatmap allows traders to easily identify potential trend reversals or continuation patterns. Traders can use this tool to detect overbought or oversold conditions, helping them anticipate possible long or short trade opportunities. The option to use a higher timeframe enhances the flexibility of the indicator for longer-term trend analysis. 🔶 Key Features Multi-Oscillator Approach: Combines four popular momentum oscillators (RSI, VZO, MFI, and CCI) to generate a weighted score, providing a comprehensive picture of market momentum. Dynamic Color Heatmap: Utilizes a smooth gradient transition between bullish and bearish colors, reflecting market momentum across different thresholds. Higher Timeframe (HTF) Compatibility: Includes an optional higher timeframe input that displays a separate score line based on the same momentum metrics, allowing for multi-timeframe analysis. Customizable Parameters: Adjustable RSI, VZO, MFI, and CCI lengths, as well as overbought and oversold levels, to match the trader’s strategy or preference. Signal Alerts: Built-in alert conditions for both the current chart and higher timeframe scores, notifying traders when long or short entry signals are triggered. Buy/Sell Signals: Displays visual signals (▲ and ▼) on the chart when combined scores reach overbought or oversold levels, providing clear entry cues. User-Friendly Visualization: The heatmap is separated into four sections representing each indicator, providing a transparent view of how each contributes to the overall momentum score. 🔶 Interpreting Indicator: Combined Score The indicator generates a combined score by weighing the individual contributions of RSI, VZO, MFI, and CCI. This score ranges from 0 to 100 and is plotted as a line on the chart. Lower values suggest potential oversold conditions, while higher values indicate overbought conditions. Color Heatmap The indicator divides the combined score into four distinct sections, each representing one of the underlying momentum oscillators (RSI, VZO, MFI, and CCI). Bullish (greenish) colors indicate upward momentum, while bearish (grayish) colors suggest downward momentum. Long/Short Signals When the combined score drops below the oversold threshold (default is 26), a long signal (▲) is displayed on the chart, indicating a potential buying opportunity. When the combined score exceeds the overbought threshold (default is 74), a short signal (▼) is shown, signaling a potential sell or short opportunity. Higher Timeframe Analysis If enabled, the indicator also plots a line representing the combined score for a higher timeframe. This can be used to align lower timeframe trades with the broader trend of a higher timeframe, providing added confirmation. Signals for long and short entries are also plotted for the higher timeframe when its combined score reaches overbought or oversold levels. 🔶Purpose of Using Multiple Technical Indicators The combination of RSI, VZO, MFI, and CCI in the Momentum Nexus Heatmap provides a comprehensive approach to analyzing market momentum by leveraging the unique strengths of each indicator. This multi-indicator method minimizes the limitations of using just one tool, resulting in more reliable signals and a clearer understanding of market conditions. RSI (Relative Strength Index) RSI contributes by measuring the strength and speed of recent price movements. It helps identify overbought or oversold levels, signaling potential trend reversals or corrections. Its simplicity and effectiveness make it one of the most widely used indicators in technical analysis, contributing to momentum assessment in a straightforward manner. VZO (Volume Zone Oscillator) VZO adds the critical element of volume to the analysis. By assessing whether price movements are supported by significant volume, VZO distinguishes between price changes that are driven by real market conviction and those that might be short-lived. It helps validate the strength of a trend or alert the trader to potential weakness when price moves are unsupported by volume. MFI (Money Flow Index) MFI enhances the analysis by combining price and volume to gauge money flow into and out of an asset. This indicator provides insight into the participation of large players in the market, showing if money is pouring into or exiting the asset. MFI acts as a volume-weighted version of RSI, giving more weight to volume shifts and helping traders understand the sustainability of price trends. CCI (Commodity Channel Index) CCI contributes by measuring how far the price deviates from its statistical average. This helps in identifying extreme conditions where the market might be overextended in either direction. CCI is especially useful for spotting trend reversals or continuations, particularly during market extremes, and for identifying divergence signals. 🔶 Disclaimer Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals. Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator. Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies. Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses. No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Pine Script® indicator
by UAlgo
9
HTF Candle Insights (Expo)█ Overview The HTF Candle Insights indicator helps traders see what's happening in larger time frames (HTF) while they're looking at smaller ones. This tool lets traders get a complete picture of market trends and price movements, helping them make smarter trading choices. It's really useful for traders who want to understand the main market trends without constantly switching between different chart timeframes. In simpler terms , this indicator brings the big picture into the smaller frame, so traders don't miss out on what's important while focusing on the details. █ How It Works The indicator plots HTF candles on the existing chart, allowing users to view them concurrently with the candles of the current timeframe. This dual visual representation helps in discerning the prevalent market trends and significant price levels from both the current and higher timeframes. █ How to Use Trend Analysis Traders can leverage this indicator to analyze overall market trends by observing HTF candles alongside the current timeframe candles. Recognizing HTF trends aids in aligning trades with the dominant market movement, potentially increasing the probability of successful trades. Support and Resistance Identification By viewing the high, low, and mid-levels of HTF candles, traders can identify potential support and resistance zones, enabling them to establish strategic entry and exit points, place stop-losses effectively, and manage risk proficiently. █ Settings Timeframe and Candle Amount: Users can specify the higher timeframe and the number of HTF candles they wish to visualize on their current chart. Visual Adjustments: Traders can customize the color schemes for upward and downward candles and their wicks, and adjust the visibility and colors of the range lines, allowing for a tailored visual experience. Range Lines: Users have the option to display the high/low range of the displayed candles, and, if preferred, the mid-range line, enabling them to gain insights into significant price levels and ranges. Table Display: The indicator offers the ability to display a table, which provides an overview of the current chart's timeframe and the specified HTF. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script® indicator
by Zeiierman
25
libHTF[without request.security()]Library "libHTF" libHTF: use HTF values without request.security() This library enables to use HTF candles without request.security(). Basic data structure Using to access values in the same manner as series variable. The last member of HTF array is always latest current TF's data. If new bar in HTF(same as last bar closes), new member is pushed to HTF array. 2nd from the last member of HTF array is latest fixed(closed) bar. HTF: How to use 1. set TF tf_higher() function selects higher TF. TF steps are ("1","5","15","60","240","D","W","M","3M","6M","Y"). example: tfChart = timeframe.period htf1 = tf_higher(tfChart) 2. set HTF matrix htf_candle() function returns 1 bool and 1 matrix. bool is a flag for start of new candle in HTF context. matrix is HTF candle data(0:open,1:time_open,2:close,3:time_close,4:high,5:time:high,6:low,7:time_low). example: =htf_candle(htf1) 3. how to access HTF candle data you can get values using .lastx() method. please be careful, return value is always float evenif it is "time". you need to cast to int time value when using for xloc.bartime. example: htf1open=m1.lastx("open") htf1close=m1.lastx("close") //if you need to use histrical value. lastopen=open lasthtf1open=m1.lastx("open",1) 4. how to store Data of HTF context you have to use array to store data of HTF context. array.htf_push() method handles the last member of array. if new_bar in HTF, it push new member. otherwise it set value to the last member. example: array a_close=array.new(1,na) a_close.htf_push(b_new_bar1,m1.lastx("close")) HTFsrc: How to use 1. how to setup src. set_src() function is set current tf's src from string(open/high/low/close/hl2/hlc3/ohlc4/hlcc4). set_htfsrc() function returns src array of HTF candle. example: _src="ohlc4" src=set_src(_src) htf1src=set_htfsrc(_src,b_new_bar1,m1) (if you need to use HTF src in series float) s_htf1src=htf1src.lastx() HighLow: How to use 1. set HTF arrays highlow() and htfhighlow() function calculates high/low and return high/low prices and time. the functions return 1 int and 8arrays. int is a flag for new high(1) or new low(-1). arrays are high/low and return high/low data. float for price, int for time. example = highlow() = htfhighlow(m1) 2. how to access HighLow data you can get values using .lastx() method. example: if i_renew==1 myhigh=a_high.lastx() //if you need to use histrical value. myhigh=a_high.lastx(1) other functions functions for HTF candle matrix or HTF src array in this script are htf_sma()/htf_ema()/htf_rma() htf_rsi()/htf_rci()/htf_dmi() method lastx(arrayid, lastindex)   method like array.last. it returns lastindex from the last member, if parameter is set.   Namespace types: float   Parameters:      arrayid (float )      lastindex (int) : (int) default value is "0"(the last member). if you need to access historical value, increment it(same manner as series vars).   Returns: float value of lastindex from the last member of the array. returns na, if fail. method lastx(arrayid, lastindex)   method like array.last. it returns lastindex from the last member, if parameter is set.   Namespace types: int   Parameters:      arrayid (int )      lastindex (int) : (int) default value is "0"(the last member). if you need to access historical value, increment it(same manner as series vars).   Returns: int value of lastindex from the last member of the array. returns na, if fail. method lastx(m, _type, lastindex)   method for handling htf matrix.   Namespace types: matrix   Parameters:      m (matrix) : (matrix) matrix for htf candle.      _type (string) : (string) value type of htf candle:      lastindex (int) : (int) default value is "0"(the last member).   Returns: (float) value of htf candle. (caution: need to cast float to int to use time values!) method set_last(arrayid, val)   method to set a value of the last member of the array. it sets value to the last member.   Namespace types: float   Parameters:      arrayid (float )      val (float) : (float) value to set.   Returns: nothing method htf_push(arrayid, b, val)   method to push new member to htf context. if new bar in htf, it works as push. else it works as set_last.   Namespace types: float   Parameters:      arrayid (float )      b (bool) : (bool) true:push,false:set_last      val (float) : (float) _f the value to set.   Returns: nothing method tf_higher(tf)   method to set higher tf from tf string. TF steps are .   Namespace types: series string, simple string, input string, const string   Parameters:      tf (string) : (string) tf string   Returns: (string) string of higher tf. htf_candle(_tf, _TZ)   build htf candles   Parameters:      _tf (string) : (string) tf string.      _TZ (string) : of timezone. default value is "GMT+3".   Returns: bool for new bar@htf and matrix for snapshot of htf candle set_src(_src_type)   set src.   Parameters:      _src_type (string) : (string) type of source:   Returns: (series float) src value set_htfsrc(_src_type, _nb, _m)   set htf src.   Parameters:      _src_type (string) : (string) type of source:      _nb (bool) : (bool) flag of new bar      _m (matrix) : (matrix) matrix for htf candle.   Returns: (array) array of src value is_up() last_is_up() peak_bottom(_latest, _last)   Parameters:      _latest (bool)      _last (bool) htf_is_up(_m)   Parameters:      _m (matrix) htf_last_is_up(_m)   Parameters:      _m (matrix) highlow(_b_bartime_price)   Parameters:      _b_bartime_price (bool) htfhighlow(_m, _b_bartime_price)   Parameters:      _m (matrix)      _b_bartime_price (bool) htf_sma(_a_src, _len)   Parameters:      _a_src (float )      _len (int) htf_rma(_a_src, _new_bar, _len)   Parameters:      _a_src (float )      _new_bar (bool)      _len (int) htf_ema(_a_src, _new_bar, _len)   Parameters:      _a_src (float )      _new_bar (bool)      _len (int) htf_rsi(_a_src, _new_bar, _len)   Parameters:      _a_src (float )      _new_bar (bool)      _len (int) rci(_src, _len)   Parameters:      _src (float)      _len (int) htf_rci(_a_src, _len)   Parameters:      _a_src (float )      _len (int) htf_dmi(_m, _new_bar, _len, _ma_type)   Parameters:      _m (matrix)      _new_bar (bool)      _len (int)      _ma_type (string)
Pine Script® library
by nazomobile
4
HTF Support & Resistance [QuantVue]The "HTF Support / Resistance" indicator highlights critical price levels across multiple timeframes helping you recognize major support/resistance areas. Whether you're a day trader needing to understand the current day's price action, or a long-term investor looking to analyze yearly trends, this indicator can be a valuable addition to your trading toolkit. The daily levels, which can be enabled or disabled according to your preference, will give you insights into the open, high, and low levels for the current and previous day. Similarly, weekly levels provide information for the current and previous weeks, while monthly levels cover the current and previous months. In addition, the indicator offers more extended views through its quarterly and yearly levels. These will help you understand long-term trends and major support/resistance areas, and they can be particularly beneficial for major support/resistance levels. Features: 🔹Visualization: View support and resistance levels from Daily, Weekly, Monthly, Quarterly, and Yearly timeframes. 🔹Customizable Appearance: Tailor the display colors and line styles for each level according to your preferences. 🔹Clear Labeling: Each level is clearly labeled for quick identification. 🔹Extension Option: Opt to extend the support and resistance lines across the chart for better visualization. Give this indicator a BOOST and COMMENT your thoughts! We hope you enjoy. Cheers.
Pine Script® indicator
by QuantVue
6
Support Resistance Classification (VR) [LuxAlgo]The Support Resistance Classification (VR) indicator shows SR levels on any chart's visible range using higher time-frame data (HTF). Levels are classified 1 through 10 based on their strength, with lower values indicating stronger support/resistance levels. This indicator uses visible range functionality, whereas if you adjust your chart to show previous price data, the indicator may show new levels. 🔶 USAGE Certain indicators on higher timeframes can provide longer term support/resistance levels on lower timeframes. Users can use the provided levels on a chart visible range and use them as reference for future support/resistance levels. The classification algorithm measures the strength of a support/resistance level using the entire chart visible range and is in a range of 1 to 10, with higher values indicating a weaker support/resistance. Supports/resistances highlighted by the indicator can be used for future applications by marking them on the chart (quickly done with alt + h). 🔶 DETAILS All calculations are based on what you see on the Visible Chart, as such changing the chart will recalculate the indicator. Since only Swings which are not broken are included, every break would exclude that swing. Therefore, even when 'value' is chosen at Settings ('Value'), breaks are always calculated on the entire line. 🔶 SETTINGS Fade: After x breaks the line becomes invisible Value: value:     • SMA, upper/lower: the breaks are triggered on the moving average itself     • Fibonacci Pivot Point levels, Previous High, Previous Low: only last HTF values can be used for breaks     • Swings (see SWING SETTINGS) line:     • SMA, upper/lower: the breaks are triggered on the entire line, based on its latest value     • Fibonacci Pivot Point Levels, Previous High, Previous Low: breaks are triggered on the entire line, based on its latest value     • Swings (see SWING SETTINGS) 🔹 Swing Settings Swings are always calculated at current timeframe, setting a HTF is not applicable on Swings. Left/Right: for Swing calculation ( pivothigh , pivotlow ) Show: enables you to see the pivot points 🔹 Set N°: The concerning number TYPE:     • SMA (Simple Moving Average)     • Previous High/Low     • Upper/Lower ( Bollinger Bands )     • Pivot Point levels : "Fibonacci" LENGTH: sets the 'Number of bars', needed for calculations (applicable for SMA, upper/lower) MULT: sets the 'Standard deviation factor' (only applicable for upper/lower - BB) HTF: sets 'Higher Time Frame' (applicable for SMA, upper/lower, Previous High/Low, Fibonacci) 🔹 Show Values You can make up to 5 values visible (if you want to check/verify), except for Swings (see SWING SETTINGS) To do so, enable (A -> E), and choose the N° you want to see. This also is a useful tool if you're not sure which value you want to set.
Pine Script® indicator
by LuxAlgo
20
Weekly Options Expiry Candle V.2In India Weekly options expire on Thursday and that creates a different price action candle than the week timeframe. My previous script Weekly Options Expiry Candle has some limitations. This script overcame those limitations and added some features. You can use this in any intraday time frame candle. It will show: All expiry candle in box format Expiry OHLC label Pivot (Floor or Fibonacci) based on expiry OHLC data Developing Expiry candle and Pivot A table showing expiry range(high-low) and Expiry body abs(open-close) stats. You can turn on or off any feature. Please let me know if you found this script useful or have any questions or suggestions. NSE:BANKNIFTY NSE:NIFTY
Pine Script® indicator
by tanayroy
19
Strategy for UT Bot Alerts indicator Using the UT Bot alerts indicator by @QuantNomad, this strategy was designed for showing an example of how this indicator could be used, also, it has the goal to help some people from a group that use to use this indicator for their trading. Under any circumstance I recommend to use it without testing it before in real time. Backtesting context: 2020-02-05 to 2023-02-25 of BTCUSD 4H by Tvc. Commissions: 0.03% for each entry, 0.03% for each exit. Risk per trade: 2.5% of the total account For this strategy, 3 indicators are used: UT Bot Alerts indicator by Quantnomad One Ema of 200 periods for indicate the trend Atr stop loss from Gatherio Trade conditions: For longs: Close price is higher than Atr from UT Bot Ema from UT Bot cross over Atr from UT Bot. This gives us our long signal. Stop loss will be determined by atr stop loss (white point), break even(blue point) by a risk/reward ratio of 0.75:1 and take profit of 3:1 where half position will be closed. This will be showed as buy (open long position) The other half will be closed when close price is lower than Atr and Ema from UT Bot cross under Atr. This will be showed as cl buy (close long position) For shorts: Close price is lower than Atr from UT Bot Ema from UT Bot cross over Atr from UT Bot. This gives us our short signal. Stop loss will be determined by atr stop loss (white point), break even(blue point) by a risk/reward ratio of 0.75:1 and take profit of 3:1 where half position will be closed. This will be showed as sell (open short position) The other half will be closed when close price is higher than Atr and Ema from UT Bot cross over Atr. This will be showed as cl sell (close short position) Risk management For calculate the amount of the position you will use just a small percent of your initial capital for the strategy and you will use the atr stop loss for this. Example: You have 1000 usd and you just want to risk 2,5% of your account, there is a long signal at price of 20,000 usd. The stop loss price from atr stop loss is 19,000. You calculate the distance in percent between 20,000 and 19,000. In this case, that distance would be of 5,0%. Then, you calculate your position by this way: (initial or current capital * risk per trade of your account) / (stop loss distance). Using these values on the formula: (1000*2,5%)/(5,0%) = 500usd. It means, you have to use 500 usd for risking 2.5% of your account. We will use this risk management for apply compound interest. In settings, with position amount calculator, you can enter the amount in usd of your account and the amount in percentage for risking per trade of the account. You will see this value in green color in the upper left corner that shows the amount in usd to use for risking the specific percentage of your account. Script functions Inside of settings, you will find some utilities for display atr stop loss, break evens, positions, signals, indicators, etc. You will find the settings for risk management at the end of the script if you want to change something. But rebember, do not change values from indicators, the idea is to not over optimize the strategy. If you want to change the initial capital for backtest the strategy, go to properties, and also enter the commisions of your exchange and slippage for more realistic results. In risk managment you can find an option called "Use leverage ?", activate this if you want to backtest using leverage, which means that in case of not having enough money for risking the % determined by you of your account using your initial capital, you will use leverage for using the enough amount for risking that % of your acount in a buy position. Otherwise, the amount will be limited by your initial/current capital ---> Do not forget to deactivate Trades on chart option in style settings for a cleaner look of the chart <--- Some things to consider USE UNDER YOUR OWN RISK. PAST RESULTS DO NOT REPRESENT THE FUTURE. DEPENDING OF % ACCOUNT RISK PER TRADE, YOU COULD REQUIRE LEVERAGE FOR OPEN SOME POSITIONS, SO PLEASE, BE CAREFULL AND USE CORRECTLY THE RISK MANAGEMENT Do not forget to change commissions and other parameters related with back testing results! Strategies for trending markets use to have more looses than wins and it takes a long time to get profits, so do not forget to be patient and consistent ! ---> The strategy can still be improved, you can change some parameters depending of the asset and timeframe like risk/reward for taking profits, for break even, also the main parameters of the UT Bot Alerts <----
Pine Script® strategy
by StrategiesForEveryone
18
Higher Time Frame Average True RangesPurpose: This script will help an options trader asses risk and determine good entry and exit strategies Background Information: The true range is the greatest of: current high minus the current low; the absolute value of the current high minus the previous close; and the absolute value of the current low minus the previous close. The Average True Range (ATR) is a 14-day moving average of the true range. Traders use the ATR indicator to assess volatility in stocks and decide when to enter and exit trades. It is important to note the limitations of using True Range and ATR: These indications cannot tell you the direction of your options trade (call vs. put) and they cannot tell you whether a particular trend is about to reverse. However, it can be used to assess if volatility has peaked for a particular direction and time period. How this script works: This indicator calculates true range for the daily (DTR), weekly (WTR), and monthly (MTR) time frames and compares it to the Average True Range (ATR) for each of those time frames (DATR, WATR, and MATR). The comparison is displayed into a colored table in the upper right-hand corner of the screen. When a daily, weekly, or monthly true range reaches 80% of its respective ATR, the row for that time frame will turn Orange indicating medium risk for staying in the trade. If the true range goes above 100% of the respective ATR, then the row will turn Red indicating high risk for staying in the trade. When the row for a time period turns red, volatility for the time period has likely peaked and traders should heavily consider taking profits. It is important to note these calculations start at different times for each time frame: Daily (Today’s Open), Weekly (Monday’s Open), Monthly (First of the Month’s Open). This means if it’s the 15th of the month then the Monthly True Range is being calculated for the trading days in the first half of the month (approximately 10 trade days). The script also plots three sets of horizontal dotted lines to visually represent the ATR for each time period. Each set is generated by adding and subtracting the daily, weekly, and monthly ATRs from that time periods open price. For example, the weekly ATR is added and subtracted from Mondays open price to visually represent the true range for that week. The DATR is represented by red lines, the WATR is represented by the green lines, and the MATR is represented by the blue lines. These plots could also be used to assess risk as well. How to use this script: Use the table to assess risk and determine potential exit strategies (Green=Low Risk, Orange=Medium Risk, Red=High Risk. Use the dotted lines to speculate what a stock’s price could be in a given time period (Daily=Red, Weekly=Green, and Monthly=Blue). And don’t forget the true range’s calculation and plots starts at the beginning of each time period!
Pine Script® indicator
by UnknownUnicorn30488523
1
MTF TMOTMO - (T)rue (M)omentum (O)scillator) MTF (Higher Aggregation) Version TMO calculates momentum using the DELTA of price. Giving a much better picture of the trend, reversals & divergences than most momentum oscillators using price. Aside from the regular TMO, this study combines four different TMO aggregations into one indicator for an even better picture of the trend. Once you look deeper into this study you will realize how complex this tool is. This version also produce much more information like crosses, divergences, overbought / oversold signals, higher aggregation fades etc. It is probably not even possible to explain them all, there could easily be an entire e-book about this study. I have been using this tool for a couple of years now, and this is what i have learned so far: Favorite Time Frame Variations: 1. 1m / 5m / 30m - Great for intraday futures or options scalps. 30m TMO serves as the overall trend gauge for the day. 5min dictates the longer term intraday moves as well as direction of the 1min. 1min is for the scalps. When the 5min TMO is sloping higher focus should be on 1min buy signals (red to green cross) and vice versa for the 5min agg. sloping down. 2. 5m / 30m / 60m - Also an interesting variation for day trading the 3-5 min charts. Producing more cleaner & beginner-friendly signals that lasts couple of minutes instead of seconds. 3. 120m / Day / 2 Day - For the 30m to 1H or 2H timeframes. Daily & 2 Day dictates the overall trend. 120 min for the signals. Great for a multi-day swings. 4. Day / 2 Day / Week - Good for the daily charts, swing trading analysis as the weekly dictates the overall trend, daily dictates the signals and the 2 day cleans out the daily signals. If the daily & 2 day are not aligned togather, daily signal means nothing. Weekly dictates 2 day - 2 day dictates daily. 5. Week / Month / 3 Month - Same thing as the previous variation but for the weekly charts. TMO Length: The default vanilla settings are 14,5,3. Some traders prefer 21,5,3 as the TMO length is litle higher = TMO will potenially last little longer which could teoretically produce less false signals but slower crosses which means signals will lag more behind price. The lower the length, the faster the oscillator oscillates. It is the noice vs. the lag debate. The Length can be changed, but i would not personally touch the other two. Few points up or down on length will not drastically change much. But changes on Calc Length and Smooth Length can produce totally different signals from the original. Tips & Tricks: 1. Observe - This is the best tip & trick I can give you. The #1 best way to learn how any study operates is to just observe how it works in certain situations from the past. MTF TMO is not an exception. 2. The Power of the Higher Aggregation - The higher aggregation ALWAYS dictates the lower one. Best way to see this? Just 2x the current timeframe aggregation = so on daily chart, plot the daily & two day TMOs and you will notice how the higher agg. smooths out the current agg. The higher the aggregation is, the smoother (but slower) will the TMO turn. The real power kicks in when the 3 or 4 aggregations are aligned togather in one direction. 3. Position of the Higher Aggregation in Relation to the Extremes - Overbought / oversold signals might not really work on the current aggregation. But pay attention to the higher aggregations in relation to the extremes. Ex: on the daily chart - daily TMO inside the OB / OS extremes might not mean much. But once the higher aggregations such as 3 day or Weekly TMO enters OB/OS zone togather with the daily, this can be a very powerful signal for a TMO reversion to the zeroline. 4. Crosses - Yes, crosses do work. Personally, I never really focused on them. The thing about the crosses is that it is crucial to pick the right higher aggregation to the combination of the current one that would be reliable but also print enough signals. The closer the cross is to the OB / OS extremes, the more bigger move can occur. Crosses around the zero line can be considered as less quality crosses. 5. Divergences - TMO can print awesome divergences. The best divergences are on the current aggregation (TMO agg. same as the chart) since the current agg. oscillates fast, it can usually produce lower lows & higher highs faster then any higher aggregations. Easy setup: wait for the higher aggregation to reach the OB / OS extremes and watch the current (chart) aggregation to print a divergence. 6. Three is Enough - I personally find more than three aggregations messy and hard to read. But there is always the option to turn on the 4th one. Just switch the TMO 4 Main, TMO 4 Signal and TMO 4 Fill in the style settings. Hope it helps.
Pine Script® indicator
by lnlcapital
5
SuperTrend Momentum Chart(My goal creating this indicator) : Provide a quick way to check the current momentum of multiple timeframes. The Smart Momentum Chart was intended to be a live trading tool that should be used when a trader has already defined his edge and no longer needs the past Momentum data. The Underlying Concept What is Momentum ? The Momentum shown is derived from a Mathematical Formula SUPERTREND , when price is above SUPERTREND its bullish Momentum and when its below SUPERTREND its Bearish Momentum. This indicator scans for candle closes on the timeframes you've selected and when there is a shift in momentum it notifies the trader with a color change and an alert if one was set up. Technical inputs - If you want to optimize the rate of signals to better fit your trading plan you would change the Factor input and ATR Length input. Increase factor and ATR Length to decrease the frequency of signals and decrease the Factor and ATR Length to increase the frequency of signals. Quick TIP! : You can Sync all VFX SuperTrend Indicators together! All VFX SuperTrend indicators display unique information but its all derived from that same Momentum Formula. Keep the Factor input and ATR Length the same on other VFX SuperTrend indicators to have them operating on the same data. Time Frame Inputs - Your able to fill the chart with up to 8 timeframes - If You don't need all 8 you can limit the amount to display by changing the "Time Frame Amount" Display Inputs - You can change the size of the chart and the color of the text - You can toggle ON if you want to be signaled when a momentum switch occurs ( bullish to bearish or bearish to bullish ) - Your able to pick the Bullish and Bearish Colors of the Momentum switch How it can be used ? - Easily check the momentum of other Timeframes and use that information as a variable in your trading plan. - quickly glance and know the momentum of any time frame before you enter any trade - always know the momentum of the higher time frames - Eliminate the need to switch from current chart - Get an abundance of information in one location - Have clear variables to structure your trades around
Pine Script® indicator
by Who7is7Like7God
1
Titans Engulfing Retracement ZonesThe Titan Engulfing Retracement Zones indicator detects Engulfing Candlesticks on a higher user defined timeframe, and uses that event to plot retracement and extension levels on the chart for ease of users' chart reading and trade execution. The four retracement levels, two of which delimit the target entry zone, and another two delimiting the target exit zone, are also user defined. The user of this indicator is advised that the default levels provided are unoptimized. The user of this indicator is advised to use this indicator at his or her own risk. To further filter out the results of Engulfing Candlestick detection, a long wick condition has been included into the detection mechanics.
Pine Script® indicator
by mmmarsh
1
Fibonacci levels MTFHello All, I got some requests for a script that shows Fibonacci Levels of Higher Time Frame Candles. so I made/published this script. I hope it would be useful for you. Options: You can set Higher Time Frame, by default it's 1 Day. Optionally it can use Current or Last Candle of higher time frame to calculate/show its Fibonacci Levels. It can show higher time frame candles at the background optionally. You can change its colors. You can enable/disable/change each Fibonacci levels and their colors. You can enable/disable Fibonacci Labels that is shown at the right ride and see only Fibonacci lines/levels example, Fibonacci levels with higher time frame candles: P.S. if you have ideas to improve this script, drop a comment under the script please Enjoy!
Pine Script® indicator
by LonesomeTheBlue
52
High-Low IndexHello All, High-Low Index is a breadth indicator based on Record High Percent (RHP). RHP is based on new 52-week highs and new 52-week lows. RHP => 100 * (new highs) / (new highs + new lows). High-Low Index is a 10-day Simple Moving Average of the RHP, which makes it a smoothed version of RHP. You can find many articles about High-Low Index on the net. High-Low Index above 50 indicates that there are more new highs than new lows, and considered as Bullish. High-Low Index below 50 indicates that there are more new lows than new highs, and considered as Bearish. High-Low Index = 0 indicates there is no new highs (0% new highs). High-Low Index = 100 indicates that there is at least 1 new high and no new lows. and High-Low Index = 50 indicates that new highs and new lows is equal. by default 40 cryptos are used in the script and shows High-Low Index for these cryptos. but you can change them as you wish. for example you can set all of them as stocks and see High-Low Index for these stocks. You can set " Time frame " and the " Length " using the options. For example; if you set " Time frame " = 1 Week and the " Length " = 52 then it finds High-Low Index for 52weeks . or another example; if you set " Time frame " = 1 Day and the " Length " = 22 the High-Low Indexn it finds High-Low Index for 22days. You can enable/disable Record High Percent or Simple Moving Average of High-Low Index. Some traders use High-Low Index with its SMA, for example; High-Low Index generates a buy signal when it crosses above its moving average, and a sell signal when it crosses below its moving average. Optionally you can see the securities in a table on the left bottom, you can change table size by usşng the options. In the Table, for each security/cell; => if background is green then it has New High => if background is red then it has New Low => if background is gray then no New High, no New Low => if background is back then Data is not available for the security As you can see in the screenshot below, the securities were changed and stocks are used instead of cryptos, so it calculates & shows High-Low Index for these stocks. you can also find explanation in this screenshot: Enjoy!
Pine Script® indicator
by LonesomeTheBlue
32