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Reversal Probability Meter PRO [optimized for Xau/Usd m5]🎯 Reversal Probability Meter PRO A powerful multi-factor reversal probability detector that calculates the likelihood of bullish or bearish reversals using RSI, EMA bias, ATR spikes, candle patterns, volume spikes, and higher timeframe (HTF) trend alignment. 🧩 MAIN FEATURES 1. Reversal Probability (Bullish & Bearish) Displays two key metrics: Bull % — probability of bullish reversal Bear % — probability of bearish reversal These are computed using RSI, EMAs, ATR, demand/supply zones, candle confirmations, and volume spikes. 📊 Interpretation: Bull % > 70% → Buying pressure building up Bull % > 85% → Strong bullish reversal confirmed Bear % > 70% → Selling pressure building up Bear % > 85% → Strong bearish reversal confirmed 2. Alert Probability Threshold Adjustable via alertThreshold (default = 85%). Alerts trigger only when probability ≥ threshold, and confirmed by zone + volume spike + candle pattern. 🔔 Alerts Available: ✅ Bullish Smart Reversal 🔻 Bearish Smart Reversal To activate: Right-click chart → “Add alert” → choose the alert condition from the indicator. 3. Demand / Supply Zone Detection The script determines the price position within the last zoneLook (default 30) bars: 🟢 DEMAND → Lower 35% of range (potential bounce zone) 🔴 SUPPLY → Upper 35% of range (potential rejection zone) ⚪ MID → Neutral area 📘 Purpose: Validates reversals based on context: Bullish only valid in Demand zones Bearish only valid in Supply zones 4. Higher Timeframe (HTF) Trend Alignment Reads EMA bias from a higher timeframe (default = 15m) for trend confirmation. Reversals against HTF trend are automatically weighted down prevents false countertrend signals. 📈 Example: M5 chart under M15 downtrend → Bullish probability is reduced. 5. Candle Confirmation Patterns Two key price action confirmations: Bullish: Engulfing or Pin Bar Bearish: Engulfing or Pin Bar A valid reversal requires both a candle confirmation and a volume spike. 6. Volume & ATR Spike Filters Volume Spike: volume > SMA(20) × 1.3 ATR Spike: ATR > SMA(ATR, 50) × volMult 🎯 Ensures that only strong market moves with real energy are considered valid reversals. 7. Reversal Momentum Histogram A color-gradient oscillator showing the momentum difference: Green = bullish dominance Red = bearish dominance Flat near 0 = neutral Controlled by showOscillator toggle. 8. Smart Info Panel A compact dashboard displayed on the top-right with 4 rows: Row Info Description 1 Bull % Bullish reversal probability 2 Bear % Bearish reversal probability 3 Zone Market context (DEMAND / SUPPLY / MID) 4 Signal Strength Current signal intensity (probability %) Dynamic Colors: 90% → Bright (strong signal) 75–90% → Yellow/Orange (medium) <75% → Gray (weak) 9. Sensitivity Mode Fine-tunes indicator reactivity: 🟥 Aggressive: Detects reversals early (more signals, less accurate) 🟨 Normal: Balanced, default mode 🟩 Conservative: Filters only strongest reversals (fewer but more reliable) 10. Custom Color Options Customize bullish and bearish colors via bullBaseColor and bearBaseColor inputs for your preferred chart theme. ⚙️ HOW TO USE Add to Chart → Paste the script into Pine Editor → “Add to chart”. Select Timeframe → Best for M5–M30 (scalping/intraday). → H1–H4 for swing trading. Monitor the Info Panel: Bull % ≥ 85% + Zone = Demand → Strong bullish reversal signal Bear % ≥ 85% + Zone = Supply → Strong bearish reversal signal Watch the Histogram: Rising green bars = bullish momentum gaining Deep red bars = bearish momentum gaining Enable Alerts: Right-click chart → “Add alert” Choose Bullish Smart Reversal or Bearish Smart Reversal 🧠 TRADING TIPS Use Conservative mode for noisy lower timeframes (M5–M15). Use Aggressive mode for higher timeframes (H1–H4). Combine with manual support/resistance or zone boxes for precision entries. Personally i use Order Block. Best reversal setups occur when all align: Bull % > 85% Zone = DEMAND Volume spike present Candle = Bullish engulfing HTF trend supportive
Pine Script® indicator
by aganac3
ADX - Globx Options & Futures 2.0The ADX Globx Options & Futures is a custom-built trend strength indicator designed to replicate and enhance the classic Average Directional Index (ADX) model, commonly used in professional trading platforms such as IQ Option. This version is optimized for options and futures trading, providing precise directional strength readings through adaptive smoothing and configurable parameters. Concept and Logic This indicator measures the strength of the current trend, regardless of its direction (bullish or bearish), by comparing directional movement between price highs and lows over a defined period. It uses three main components: +DI (Positive Directional Indicator): represents bullish strength. –DI (Negative Directional Indicator): represents bearish strength. ADX (Average Directional Index): measures the intensity of the prevailing trend, independent of direction. The script follows the original logic proposed by J. Welles Wilder Jr., but introduces enhanced smoothing flexibility. Users can choose between EMA (Exponential Moving Average) and Wilder’s RMA (Running Moving Average) for both DI and ADX calculations, allowing closer alignment with various platform implementations (IQ Option, MetaTrader, etc.). How It Works Directional Movement Calculation The script computes upward and downward movements (+DM and –DM) by comparing the differences in highs and lows between consecutive candles. Only positive directional changes that exceed the opposite side are considered. This ensures each bar contributes only one valid directional movement. True Range and Smoothing The True Range (TR) is calculated using ta.tr(true) to include price gaps—replicating how professional derivatives platforms account for volatility jumps. Both TR and DM values are smoothed using the selected averaging method (EMA or Wilder). Directional Index and ADX The smoothed +DI and –DI values are normalized over the True Range to form the Directional Index (DX), which measures the percentage difference between the two. The ADX is then derived by smoothing the DX values, providing a stable reading of overall market strength. Visual Representation The ADX (white line) indicates the overall trend strength. The +DI (dark blue) and –DI (dark red) lines show which side (bullish or bearish) is currently dominant. Reference levels at 20 and 25 serve as strength thresholds: Below 20 → Weak or sideways market. Above 25 → Strong and directional trend. Usage and Interpretation When ADX rises above 25, the market shows a strong trend — use +DI > –DI for bullish confirmation, or the opposite for bearish momentum. A falling ADX suggests decreasing trend strength and potential consolidation. The default parameters (ADX Length = 34, DI Length = 34, both smoothed by EMA) match IQ Option’s internal ADX configuration, ensuring consistency between platforms. Works on any timeframe or asset class, but is especially tuned for futures and options volatility dynamics. Originality and Improvements Unlike many open-source ADX indicators, this version: Recreates IQ Option’s 34-length EMA-based ADX calculation with exact parameter alignment. Provides selectable smoothing algorithms (EMA or Wilder) to switch between modern and classic formulations. Uses dark-theme-optimized visuals with fine line weight and subtle contrast for clean visibility. Maintains constant guide levels (20/25) rendered globally for precision and style compliance in Pine Script v6. Is fully rewritten for Pine Script v6, ensuring compatibility and optimized execution. Recommended Use Combine with trend-following systems or breakout strategies. Ideal for identifying market strength before engaging in options directionals or futures entries. Use the ADX to confirm breakout momentum or filter sideways markets. Disclaimer This script is for educational and analytical purposes. It does not constitute financial advice or a trading signal. Users are encouraged to validate the indicator within their own trading strategies and risk frameworks.
Pine Script® indicator
by enoccv_gxof
MTF RSI Heatmap)# MTF RSI Heatmap — v2.7.2 **Hybrid Higher-TF Trend + Intraday Impulse Detection + Smart Counters & Alerts** Turn your lower pane into a **multi-timeframe market bias dashboard**. This heatmap blends classic RSI momentum with a **hybrid Daily/Weekly MA-stack trend** and an **intraday impulse override** that flags fast moves *as they happen*. Clean, configurable, and built for real trading flow. --- ## What it shows * **6 stacked rows = 6 timeframes** (bottom → top). * **Colors**: Green = Bull, Red = Bear, Yellow = Neutral. * **Header counter**: `Bull X/6 | Bear Y/6` = live agreement across visible rows. * **Impulse markers** ▲/▼ on intraday rows (5m/15m/60m/240m) when a shock move triggers. * **Signal bar**: A thin column above the top row when at least **N of 6** rows align (configurable). --- ## Why it’s different * **Impulse Override (intraday)** Detects sharp moves using % change over the last *N* bars, optionally gated by **volume > SMA × multiplier**. This catches dumps/pops earlier than RSI alone. * **Hybrid D/W (structure over noise)** Daily/Weekly rows can use an **MA stack (8/21/55)** instead of RSI for a more stable higher-timeframe trend read. Optional **price > fast MA** filter for stricter confirmation. * **Intrabar option** Flip rows **during the bar** for early reads (accepting repaint on TF close), or keep it close-only for no surprises. --- ## Key features * 🌈 **Theme**: Classic or High-Contrast colors. * 🧠 **RSI thresholds**: Bull above 55, Bear below 45 (editable). * 🧲 **RSI smoothing** (EMA) for intraday rows to reduce flicker. * 🧰 **Compact left legend** with adjustable text size & opacity. * 🚨 **Alerts**: * **Impulse-only** (per TF and “any intraday”) * **N-of-6 confirmation** (bull/bear) --- ## Recommended settings (fast opens & news) * **Impulse**: `Bars = 1–2`, `Threshold = 0.25–0.35%`, `Vol confirm = ON`, `Multiplier = 1.3–1.5`. * **Hybrid D/W**: `ON`, `EMA 8/21/55`, `Price filter = ON`. * **Intrabar**: `ON` if you want intra-bar updates (repaints at TF close). --- ## How to read it 1. **Row scan**: Are the bottom (fast) rows aligning first? That’s early momentum. 2. **Header counter**: Look for 4+/6 agreement as momentum broadens. 3. **Signal bar**: Acts as a “go/no-go” confirmation when your threshold is met. 4. **Impulse ▲/▼**: Use as a **heads-up** for acceleration; then watch if rows cascade in that direction. --- ## Alerts (exact names) Create alerts with these built-ins: * **Impulse UP — any intraday** * **Impulse DOWN — any intraday** * **Impulse UP — TF1 / TF2 / TF3 / TF4** * **Impulse DOWN — TF1 / TF2 / TF3 / TF4** * **Bull confirmation** (N-of-6) * **Bear confirmation** (N-of-6) Tip: Use **Once per bar** or **Once per bar close** depending on whether you enabled *Intrabar*. --- ## Inputs overview * **Timeframes & visibility** per row. * **RSI**: length, bull/bear thresholds, optional EMA smoothing (intraday only). * **Impulse**: bars, %, volume confirm, SMA length, multiplier, markers. * **Hybrid D/W**: MA type (EMA/SMA/HMA), 8/21/55 lengths, price filter. * **Theme & Legend**: color theme, label size (Tiny/Small/Normal), legend opacity. * **Signal**: N required for confirmation (default 4). --- ## Pro tips * Combine with **session opens**, **VWAP**, and **liquidity levels**. * If you trade breakouts, let **impulse triggers** cue attention, then wait for **N-of-6** confirmation. * For swing bias, lean on **Hybrid D/W**—it changes slower, but with intent. --- ## Notes & limitations * **Intrabar = repaint expected** on higher-TF closes—by design for earlier context. * Colors/thresholds are general guidance, not signals by themselves. * Past performance ≠ future results; **this is not financial advice**. --- If you enjoy this, drop a ⭐ and tell me what you want next: background shading on confirmation, tooltips with RSI/ROC per row, or a MACD/RSI hybrid mode. Trade sharp! ✨
Pine Script® indicator
by andrefox333
RSI Bars - OnlyFlowThis indicator applies the RSI (Relative Strength Index) to candle coloring so that bar colors reflect momentum conditions instead of a fixed scheme. RSI Logic: Bars shift color when RSI values move into overbought or oversold regions, with intensity scaled by how far RSI extends beyond the thresholds. Gradient / Step Mode: Choose between a smooth gradient or a 3-step palette to visualize strength. Directional Neutral Colors: Neutral zones can follow candle direction for clearer trend context. Customization: Overbought/oversold levels and color palettes are user-configurable. Optional RSI Panel: An RSI plot with overbought/oversold lines can be enabled in a separate pane if desired. This tool is meant to give traders a more intuitive view of RSI conditions directly on price bars, helping to quickly see momentum extremes without needing to glance away from the chart.
Pine Script® indicator
by ofderk
Relative Strength index 2xRelative Strength Index 2× The RSI*2 by AZly is an advanced dual-RSI indicator that allows traders to analyze momentum from two distinct perspectives — short-term and medium-term — on a single chart. It combines RSI precision with multi-timeframe flexibility, giving a clear view of both immediate and underlying momentum trends. ⚙️ How It Works This indicator calculates and plots two fully independent RSI lines, each with customizable settings: RSI 1 (Main RSI) : Captures medium-term momentum, ideal for trend and context. RSI 2 (Fast RSI) : Reacts quickly to short-term moves, identifying overbought and oversold conditions. Both RSIs include: Custom timeframe, source, and smoothing method (SMA, EMA, WMA, VWMA, HMA, SMMA). Gradient zones to visualize momentum strength and reversals. Adjustable levels and colors for clear chart presentation. 📘 Andrew Cardwell Zones (RSI 1) RSI 1 uses Andrew Cardwell’s “range rules” to distinguish bullish and bearish momentum phases: Bullish Range: RSI holds between 40–80, finding support around 40–45. Bearish Range: RSI stays between 20–60, with rallies capped near 55–60. A breakout from one range into another often signals a trend phase transition — marking potential trend beginnings or endings. ⚡ Overbought/Oversold Zones (RSI 2) RSI 2 is designed for fast reactions and reversal detection: 95–100: Extreme overbought zone — potential exhaustion and short setup. 5–0: Extreme oversold zone — potential exhaustion and long setup. Crossing these levels highlights short-term momentum exhaustion , often preceding pullbacks or strong price reversals. 💡 Why It’s Better Compared to traditional RSI indicators, this version provides superior control and insight: Dual independent RSIs with separate timeframes and smoothing. Cardwell-style range recognition for better context of trend strength. Extreme bands for fast RSI 2 to time entries with precision. Dynamic gradient zones for intuitive visual interpretation. Multi-timeframe flexibility that adapts to any trading style. 🎯 Trading Concepts Trend Confirmation: RSI 1 above 50 (bullish range) confirms uptrend bias; below 50 (bearish range) confirms downtrend. Reversal Setup: RSI 2 hitting extreme zones (above 95 or below 5) while RSI 1 stays steady often signals exhaustion and reversal setups. Divergence Confirmation: When RSI 2 diverges from price and RSI 1 supports the direction, it strengthens reversal probability. Range Transition: A shift in RSI 1’s range (from bearish to bullish or vice versa) confirms a major change in market structure. 🕒 Trade Timing (Entry Ideas) Timing is one of the indicator’s strongest features. Wait for RSI 2 to reach an extreme zone (above 95 or below 5). Then confirm the direction with RSI 1 — trades are most effective when RSI 1’s range aligns with the anticipated move. Buy Setup: RSI 1 in bullish range + RSI 2 rebounds upward from the 5 zone. Sell Setup: RSI 1 in bearish range + RSI 2 turns down from the 95 zone. Best Timing: Enter when RSI 2 crosses back inside the 10–90 range in the same direction as RSI 1’s trend. This captures momentum just as it resumes — avoiding early or late entries. 🔷 M & W Patterns (RSI 2) RSI 2 also reveals short-term exhaustion structures: “ M ” Formation: Two RSI peaks near 95–100 — bearish reversal setup. “ W ” Formation: Two RSI troughs near 0–5 — bullish reversal setup. These shapes often appear before price reversals, offering early momentum clues. ⚠️ Important Trading Guidance It is strongly recommended not to trade against the prevailing trend or attempt to pick exact tops or bottoms. The indicator works best when used in alignment with trend direction. Counter-trend entries carry higher risk and lower probability. 📊 Recommended Use Ideal for momentum traders, scalpers, and multi-timeframe analysts seeking precise timing and context. Works on all markets — forex, crypto, stocks, indexes, and commodities.
Pine Script® indicator
by YunakAZly
MACD cross over Buy/SellThis Indicator is purely on buying and selling the Script based on the MACD crossover Signals, which can be used for Scalping and finding the trend of the script for short and long term. When the MACD Line crosses the Signal line upwards, the script will move towards higher, and will move towards Lower when it crosses downwards. It's simple. Particularly, when the MACD line Crosses above the zero line after crossing the Signal line, the momentum will be high. Whereas when the MACD line Crosses below the zero line after crossing the Signal line downward, the momentum of falling will be high.
Pine Script® indicator
by shivakumark6
1
Stochastic RSI (Weekend option) — stableStochastic RSI (Weekend option) This is a regular Stochastic RSI oscillator, the only difference is that it now allows you to exclude weekends from the calculation (you can enable or disable this feature in the settings). Please note. Trading days on weekends are different due to the lack of volumes and movements. The flatness that occurs on weekends negatively affects the calculations of indicators (especially when determining overbought or oversold conditions).
Pine Script® indicator
by TrendoBIT
NQBA RSI 🚀 NQBA RSI Indicator – Spot Market Trends Before Anyone Else! Absolutely FREE! 🎁 🌟 Why This Indicator is Different? Imagine having a third eye that sees market moves before they happen! That’s exactly what this unique indicator gives you. 🎨 Colors That Speak the Language of Profits: 🔴 Fiery Red – RSI below 30 (Golden Buy Opportunity) 🟠 Radiant Orange – Warning Zone 30-40 (Get Ready for Action) 🟡 Bright Yellow – Safe Zone 40-60 (Watch and Wait) 🟢 Fresh Green – Optimistic Signals 60-70 (Uptrend Ahead) 🔵 Deep Blue – Overbought above 70 (Beware of Reversal) 💡 How to Profit Easily? ✅ Signals That Don’t Miss: Green Circles 🟢 at level 0: Early Buy Alert Red Circles 🔴 at level 100: Sell Warning NQBA Green Arrows 📈 at level 30: Buy Confirmation NQBA Red Arrows 📉 at level 70: Sell Confirmation 📊 Central Command Dashboard: Instant overview table showing all timeframes at once: From 1-minute to daily charts Instant colors reflecting trend strength No need to switch between charts 🎯 3 Easy Steps to Use: 🔍 Look for the colored circles – These are your early alerts ✅ Wait for arrow confirmation – Don’t act before NQBA appears 📈 Check the side table – Ensure all timeframes align ⚡ Exclusive Features: ✨ Candle Close Confirmation – No false signals ✨ Monitor 8 Timeframes Simultaneously ✨ Automatic Alerts on phone & computer ✨ Easy to Use – Perfect for beginners & pros alike Let technology work for you! 🚀 # 🚀 مؤشر NQBA RSI - اكتشاف الاتجاهات قبل الجميع! مجاني تماماً! 🎁 ## 🌟 لماذا هذا المؤشر مختلف؟ **تخيل أن لديك عين ثالثة ترى تحركات السوق قبل حدوثها! هذا بالضبط ما يقدمه لك هذا المؤشر الفريد. ### 🎨 الألوان التي تتحدث بلغة الأرباح: **🔴 أحمر ناري - عندما يصل RSI تحت 30 (فرصة شراء ذهبية) **🟠 برتقالي مشع - منطقة تحذير بين 30-40 (استعد للتحرك) **🟡 أصفر لامع - المنطقة الآمنة 40-60 (راقب وانتظر) **🟢 أخضر نضر - إشارات تفاؤل بين 60-70 (اتجاه صاعد) **🔵 أزرق عميق - ذروة الشراء فوق 70 (احذر من الانعكاس) ## 💡 كيف تحقق الأرباح بسهولة؟ ### ✅ إشارات لا تخطئ: - **الدوائر الخضراء** 🟢 عند مستوى 0: تنبيه مسبق للشراء - **الدوائر الحمراء** 🔴 عند مستوى 100: إنذار مبيع للبيع - **أسهم NQBA الخضراء** 📈 عند مستوى 30: تأكيد شراء - **أسهم NQBA الحمراء** 📉 عند مستوى 70: تأكيد بيع ### 📊 شاشة القيادة المركزية: **جدول متابعة فوري** يظهر لك حالة جميع الأطر الزمنية مرة واحدة: - من الدقيقة إلى اليومي - ألوان فورية تعكس قوة الاتجاه - لا حاجة للتبديل بين الشارتات ## 🎯 3 خطوات للاستخدام: 1. **🔍 ابحث عن الدوائر الملونة - هذه إنذاراتك المبكرة 2. **✅ انتظر تأكيد الأسهم - لا تتحرك قبل ظهور NQBA 3. **📈 تابع الجدول الجانبي - تأكد من توافق جميع الأطر ## ⚡ مميزات حصرية: ✨ **تأكيد إغلاق الشمعة** - لا إشارات كاذبة ✨ **مراقبة 8 أطر زمنية** في نفس اللحظة ✨ **إنذارات تلقائية** على الهاتف والكمبيوتر ✨ **سهولة الاستخدام** - يناسب المبتدئين والمحترفين --- ** دع التكنولوجيا تعمل لصالحك! 🚀**
Pine Script® indicator
by NQBA
FUNDINGHello everyone. This is the Funding Indicator, and I'm going to tell you all about it. I've selected 40 cryptocurrencies for this indicator to analyze. It analyzes all of them and combines the data in a unique way. How does it work exactly? You will notice 4 different graphs in the indicator: Change in the number of cryptocurrencies with funding above standard values (F > 0.01) Change in the number of cryptocurrencies with standard funding values (F = 0.01) Change in the number of cryptocurrencies with funding below standard values (F < 0.01) Change in the number of cryptocurrencies with negative funding values (F < 0) Why do we even need to analyze this? The point is that by analyzing the funding rates of the entire market, as we do with our indicator, we can understand the overall sentiment of the mass of traders. For instance, if most cryptocurrencies are trading with a negative funding rate, we can assume that the market is currently opening predominantly short positions. Conversely, if most coins are trading with funding rates above standard values, it might suggest market euphoria, signaling that we should be cautious with long positions, as the market might move against the majority. Therefore, by analyzing the funding rates of the entire market at once, we can observe in real-time how the crowd's sentiment is shifting. This allows us to timely open or, conversely, close our positions, anticipating a move against the majority's expectation. This gives us an advantage over other market participants. The settings are extremely simple. In the "Styles" tab, you can select which groups of coins to display, as I described above. Here are a few examples below. In this version, I've kept only two graphs: Change in the number of cryptocurrencies with funding above standard values (F > 0.01) Change in the number of cryptocurrencies with funding below standard values (F < 0.01) The moment these lines touch can be a good indicator for identifying a market bottom. A bottom can also be identified by keeping only the graph for negative funding values. Also, a very important note! Remember, the funding rate doesn't directly tell us the intentions of the majority; we interpret the sentiment indirectly through it. I wish you good luck in using it!
Pine Script® indicator
by ALEKSEI_MAKSIMOV
Ultimate Stock Trend & Liquidity Screener1. Overview & Originality This script is a comprehensive, all-in-one screening tool designed to identify high-quality, trend-following opportunities in global stock markets. Its originality lies in combining seven distinct logical checks—spanning liquidity, trend, momentum, and volatility—into a single, cohesive framework. www.tradingview.com The script's core innovation is its "Total Score" system. This feature moves beyond simple binary filtering by quantifying how well a stock meets the ideal criteria for a tradable trend. This allows you to rank entire watchlists to find the most promising candidates, not just the ones that meet a minimum threshold. Designed for full integration with the TradingView ecosystem, the script outputs all individual conditions and the Total Score as separate columns in the Pine Screener, enabling deep and flexible market analysis. 2. Core Concepts & How It Works Built on the classic principles of trend-following, this screener validates potential trades against a robust checklist. The default parameters are tuned for stock market analysis, using standard lookback periods like the 50 and 200-day moving averages. The script systematically checks for: Liquidity: Guarantees the stock is actively traded by filtering for minimum daily dollar volume (turnover) and a healthy 30-day average volume, which is critical for good execution. Trend Confirmation: Employs the classic 50/200 Simple Moving Average "golden cross" structure to confirm a healthy, long-term uptrend. Trend Quality: Includes an optional filter to verify that the long-term 200-day SMA is actively sloping upwards, ensuring the underlying trend has momentum. Trend Strength: Uses the Average Directional Index (ADX) to filter out weak or sideways markets, focusing only on stocks in a strong, established trend. Momentum: Confirms the trend is supported by sustained buying pressure by checking that the Relative Strength Index (RSI) is in a bullish regime (above 50). Volatility: Requires a minimum level of volatility using the Average True Range (ATR) as a percentage of the price, ensuring the stock has enough movement to be tradable. Strategic Entry: Offers a user-selectable "Entry Mode" to fit different trading styles: Breakout Mode: Identifies stocks hitting new highs on a surge of volume. Pullback Mode: Finds stocks already in a strong uptrend that are experiencing a healthy dip to a short-term moving average. 3. How to Use This Script This indicator is designed for two primary workflows: Single-Stock Analysis: Apply the script to any stock chart to see a detailed diagnostic table in the bottom-right corner. This table provides a real-time checklist for all 7 conditions and the Total Score. Full Market Screening (Recommended): Open the Stock Screener on TradingView. Click "Filters" and select this script from the Pine Screener menu. Click the "Columns" button and add the new columns generated by this script ("Total Score," "Liquidity OK," etc.). You can now sort your entire watchlist by "Total Score" to find the best candidates or filter for stocks that meet a minimum score (e.g., Total Score > 5 ). 4. Inputs & Customization All parameters are fully customizable in the script's "Settings" menu. You can easily adjust moving average lengths, thresholds, and lookback periods to tailor the screener to your specific strategy, timeframe, or market. 5. Disclaimer This tool is for educational and analytical purposes only. It is not financial advice and does not guarantee any specific outcome or profit. Past performance is not indicative of future results. Always use this screener as part of a complete trading plan that includes your own analysis and risk management.
Pine Script® indicator
by shahrukhkhan489
Momentum Variance OscillatorWhat MVO measures: -PV (Price-Volume) Oscillator – how far price is from a volatility-scaled basis, then weighted by relative volume. - > 0 = bullish pressure; < 0 = bearish pressure. -|PV| larger ⇒ stronger momentum. -Signal line (EMA of PV) – a smoother track of PV; crossings flag momentum shifts. -Zero line gradient – instantly shows direction (greenish bull / reddish bear) and strength (paler → stronger). -Extreme bands (±obLevel) – “hot zone” thresholds; being beyond them = exceptional push. -Variance histogram – MACD-like view (PV minus slower PV-EMA) to see thrust building vs. fading. -(Optional) Bar coloring & background tint – paints price bars and/or the panel on key events so you can read the regime at a glance. -Auto-Tune – searches a grid of (obLevel, weakLvl) pairs and (optionally) auto-applies the best, ranked by CAGR vs. drawdown. Core signals & how to trade them: 1) Define the regime: -Bullish regime: PV above 0 and/or PV above Signal; zero line is in bull gradient. -Bearish regime: PV below 0 and/or PV below Signal; zero line is in bear gradient. -Action: Prefer trades with the regime (avoid fading strong color/strength unless you have a clear reversal setup). 2) Entries: Momentum entry: -Long: PV crosses above Signal while PV > 0. -Short: PV crosses below Signal while PV < 0. Breakout/acceleration: -Long add-on: PV crosses above +obLevel (extreme top) and holds. -Short add-on: PV crosses below −obLevel (extreme bottom) and holds. -Histogram confirm: Growing bars in your direction = thrust improving; shrinking/flip = thrust stalling. 3) Exits / risk: -Soft exit / tighten stops: PV loses the extreme and re-enters inside, or histogram fades/turns against you. -Hard exit / reverse: Opposite PV↔Signal crossover and PV crosses the zero line. -Weak zone filter: If |PV| < weakLvl, treat signals as lower quality (smaller size or skip). 4) Practical setup - Suggested defaults (good starting point): -Signal length: 26 -Volume power: 0.50 -obLevel (extreme): 2.00 -weakLvl: 0.75 -Show histogram & dots: On -Auto-Tune (recommended) -Turn Auto-Select Best ON. MVO will scan obLevel 1.50→3.00 (step 0.05) and weakLvl 0.50→1.00 (step 0.05), then use the top-ranked pair (CAGR/(1+MDD)). -If you want to see the top combos, enable the Optimizer Table (Top-3). 5) Visual options -Bar Colors: Regime+Strength – bars follow the zero-line gradient (great for quick read). -Extremes – paint only when beyond ±obLevel. -Cross Signals – paint only on the bar that crosses an extreme. -Background on breach: A one-bar tint when PV crosses an extreme. 6) Example playbook: Long setup: -Zero line shows bull gradient and PV > 0. -PV crosses above Signal (entry). -If PV drives above +obLevel, consider add-on; trail under the last minor swing or use ATR. -Exit/trim on PV crossing below Signal or histogram turning negative; flatten on a drop through 0. Short setup mirrors the above on the bear side. 7) Tips to avoid common traps: -Don’t fade strong extremes without clear confirmation (e.g., PV re-entering inside + histogram flip). -Respect the weak zone: if |PV| < weakLvl, signals are fragile—size down or wait. -Align with structure: higher-timeframe trend and SR improve expectancy. -Instrument personality matters: use Auto-Tune or re-calibrate obLevel/weakLvl across assets/timeframes. 8) Alerts you can set: -Bull Signal X – PV crossed above Signal -Bear Signal X – PV crossed below Signal -Bull Baseline X – PV crossed above 0 -Bear Baseline X – PV crossed below 0
Pine Script® indicator
by s3raphic333
Ultimate Crypto Trend & Liquidity Screener v11. Overview & Originality This script is an advanced, all-in-one screening tool designed specifically to identify high-potential, trend-following opportunities within the cryptocurrency market. While many screeners focus on single conditions, the "Ultimate Crypto Trend & Liquidity Screener" is original in its multi-layered approach, combining seven distinct logical checks into a single, cohesive framework. Its primary innovation is the calculation of a "Total Score," which quantifies how well an asset conforms to the ideal characteristics of a tradable trend. This allows traders to move beyond simple binary (yes/no) filtering and instead rank the entire market to find the absolute best candidates that match their strategy. The script is fully compatible with the TradingView Pine Screener, outputting each individual condition and the Total Score as separate columns for powerful, flexible market analysis. 2. Core Concepts & How It Works This screener is built on the core principles of classic trend-following. It evaluates assets against a comprehensive checklist to ensure they are not only trending, but are also liquid, volatile, and at a strategic entry point. The script systematically checks for: Liquidity: Ensures the asset is actively traded with significant dollar volume, which is crucial for minimizing slippage. It checks both the daily turnover and the 30-day average volume. Trend Confirmation: Utilizes a dual-moving average system (20/50 SMA default) to confirm the underlying trend direction. It also includes an optional filter to ensure the long-term moving average is actively sloping upwards, confirming trend health. Trend Strength: Employs the Average Directional Index (ADX) to measure the strength of the trend, filtering out weak or choppy price action. Momentum: Uses the Relative Strength Index (RSI) to confirm that the asset has positive momentum, as strong trends are supported by sustained buying pressure. Volatility: Measures volatility using the Average True Range (ATR) as a percentage of the price. This ensures the asset has enough movement to be profitable, a key factor in the 24/7 crypto market. Strategic Entry: Offers a user-selectable "Entry Mode." You can choose between: Breakout Mode: Identifies assets breaking out to new highs on a surge of volume. Pullback Mode: Identifies assets already in a strong uptrend that are experiencing a healthy dip to a key moving average, offering a potentially better risk/reward entry. 3. How to Use This Script This indicator is designed for two primary workflows: Single-Asset Analysis: When you apply the script to any crypto chart, a detailed diagnostic table will appear in the bottom-right corner. This table provides a real-time checklist, showing true or false for each of the 7 conditions and the final score, allowing for a quick and deep analysis of any individual asset. Full Market Screening (Recommended): Open the Crypto Screener on TradingView. Click the "Filters" button and at the bottom of the menu, select this script ("Ultimate Crypto Trend & Liquidity Screener"). Click the "Columns" button on the screener and add the columns generated by this script, such as "Total Score," "Liquidity OK," "Entry Signal OK," etc. You can now sort the entire crypto market by "Total Score" to instantly find the strongest candidates, or filter for assets that meet specific conditions (e.g., Total Score > 5 ). 4. Inputs & Customization All parameters within this script are fully customizable via the "Settings" menu. The default values have been tuned for general use in the crypto market (e.g., faster moving averages, higher volatility thresholds), but you are encouraged to adjust them to fit your specific trading style, preferred timeframes, and risk tolerance. 5. Disclaimer This tool is designed for educational and analytical purposes to aid in the decision-making process. It does not provide financial advice or guarantee trading success. Past performance is not indicative of future results. Always use this screener in conjunction with your own comprehensive analysis and robust risk management practices. This script is published open-source to encourage community learning and collaboration.
Pine Script® indicator
by shahrukhkhan489
Futures Correlation Dashboard# 📊 Futures Correlation Dashboard ## Track Multiple Market Indicators in One View Monitor ES, NQ, YM, VIX, USI:ADD , and USI:TICK simultaneously to see how the futures markets are moving together in real-time. --- ## 🎯 What's Included **6 Market Instruments:** - **ES** - S&P 500 Futures - **NQ** - Nasdaq 100 Futures - **YM** - Dow Jones Futures - **VIX** - Volatility Index - ** USI:ADD ** - NYSE Advance-Decline Line - ** USI:TICK ** - NYSE Tick Index **Live Data Table:** - Current prices and percentage changes - Real-time status indicators - Market sentiment overview --- ## 📈 Features ✅ Multi-panel layout showing all 6 instruments simultaneously ✅ Customizable alert thresholds for USI:ADD and USI:TICK ✅ Color-coded visual indicators ✅ Works on any timeframe ✅ Live updates with market data --- ## 🔔 Alert Conditions Set alerts for: - USI:ADD crossing your custom thresholds - USI:TICK extreme readings - VIX movement patterns - Confluence between multiple indicators *Configure alert levels in the indicator settings.* --- ## ⚙️ Customizable Settings Adjust thresholds for: - USI:ADD bullish/bearish levels - USI:TICK bullish/bearish levels - USI:TICK extreme readings - Display options for each instrument --- ## 💡 Use Cases **Monitoring Market Activity:** See multiple futures contracts and market internals without switching between charts. **Correlation Analysis:** Watch how different instruments move relative to each other throughout the trading session. **Data Aggregation:** Consolidate key market data into a single, organized view for faster decision-making. --- ## ⚠️ Requirements - TradingView Premium or higher (for real-time multi-symbol data) - Data subscriptions for: CME futures, CBOE VIX, and NYSE internals ( USI:ADD , USI:TICK ) - Compatible with all timeframes --- ## 📊 Who Is This For? - Futures traders wanting consolidated market data - Day traders monitoring multiple instruments - Anyone interested in tracking market breadth alongside price action - Traders who want to see correlations between ES, NQ, YM and market internals --- ## Technical Specifications - Built with Pine Script v5 - Uses `request.security()` for multi-symbol data - Real-time calculations and updates - Minimal chart space usage with organized panel layout --- *This indicator displays market data and calculated values. It does not provide trading signals or recommendations. Use at your own risk and always practice proper risk management.*
Pine Script® indicator
by Rawritstomi
RSI + Stochastic для M1 скальпингаRSI + Stochastic for M1 Scalping This indicator combines Relative Strength Index (RSI) and Stochastic Oscillator into a single tool designed specifically for short-term scalping on the 1-minute chart. While both oscillators are widely used, they often produce many signals on their own. This script focuses on signal confirmation through synchronization, which reduces false entries and helps scalpers react faster in fast-moving markets. How it works RSI (7-period by default) tracks short-term momentum and highlights overbought (>70) or oversold (<30) conditions. Stochastic Oscillator (%K = 5, %D = 3, smoothing = 3) adds sensitivity to micro-swings, providing context for intraday momentum. The indicator generates a visual background highlight only when both oscillators confirm the same condition: Green zone → RSI and Stochastic are both oversold, suggesting potential exhaustion of downward pressure. Red zone → RSI and Stochastic are both overbought, indicating potential exhaustion of upward pressure. Why this mashup is different Rather than simply plotting RSI and Stochastic together, this tool emphasizes confluence-based filtering: Signals appear only at extreme conditions across both oscillators, which helps reduce market noise common on M1 charts. Background coloring makes it easier to spot high-probability setups visually, without needing to interpret multiple plots separately. The parameter defaults are optimized for scalping strategies, but users can adjust them to fit their style. How to use Best suited for M1 and M5 timeframes where overbought/oversold conditions appear frequently. Can be used to time entries and exits around support/resistance or trend continuation zones. Works well as a confirmation filter alongside price action or volume-based indicators. ⚠️ Disclaimer: This indicator does not guarantee profitable trades. Always test on demo accounts and combine with risk management before applying to live markets.
Pine Script® indicator
by flaxkz
Eyas's EyeTry it and see!! # 🦅 EYAS'S EYE - Multi-Confluence Trend Strategy A systematic trading strategy combining multiple technical indicators with advanced risk management for high-probability trades in trending markets. ## 📊 OVERVIEW **Trading Style:** Swing/Position Trading **Direction:** Long & Short **Best Timeframes:** 4H, Daily **Markets:** Crypto, Forex, Indices ## 🎯 METHODOLOGY **Multi-Indicator Confluence System:** - Trend analysis for market direction - Momentum indicators for timing - Volatility-based entry zones - Dynamic ATR-based risk management **Entry Requirements:** - Multiple confirming signals required - Strong trend filtering - Minimum bars between trades - Balanced long/short exposure **Exit Strategy:** - Volatility-adjusted stop losses - High risk-reward targets (6:1) - Trailing stops to capture trends - Signal-based exits - Minimum hold time to let winners run ## ✨ KEY FEATURES ✅ Realistic execution model (no look-ahead bias) ✅ Dynamic risk management ✅ Customizable parameters ✅ Clear visual signals ✅ Real-time performance metrics ## 📈 PERFORMANCE Backtested on ETH/USD (12 months): - Win Rate: 88-93% - 500+ closed trades - Strong profit factor - Consistent monthly returns **Best in:** Trending markets with medium-high volatility **Challenges:** Choppy sideways markets ## 🔒 ACCESS **This is a PROTECTED script** To request access, send me a private message or comment below. ## ⚠️ DISCLAIMER Trading involves substantial risk. Past performance does not guarantee future results. This is not financial advice. Always test with paper trading first and never risk more than you can afford to lose. --- **Strategy Philosophy:** Quality over quantity. The name "Eyas's Eye" represents the sharp vision of a young eagle - patience in waiting for the right moment and the ability to spot opportunities others miss. 🦅 **Trade with vision. Trade with Eyas's Eye.**
Pine Script® strategy
by eyasaboud
BTC Mayer Multiple Glassnode A sophisticated on-chain inspired indicator that measures Bitcoin's fair value using the Mayer Multiple metric, presented in Glassnode's signature visual style. This tool helps traders identify optimal entry and exit zones based on Bitcoin's deviation from its 200-day moving average. 📊 What is Mayer Multiple? The Mayer Multiple is a ratio of Bitcoin's current price divided by its 200-day moving average. Created by Trace Mayer, this metric has historically been effective at identifying market tops and bottoms. Values below 1.0 suggest undervaluation, while values above 2.4 indicate potential overvaluation. 🎯 Key Features Glassnode-Inspired Design: Premium dark theme with professional color gradients matching industry-leading analytics platforms Dynamic Color Zones: Six distinct valuation levels from Extreme Buy to Bubble territory Real-Time Statistics Panel: Live tracking of current multiple, 1-year high/low, averages, and risk assessment Multi-View Visualization: Choose between histogram bars, line chart, or both for optimal chart clarity Actionable Signals: Clear buy/sell/hold recommendations based on current market valuation 📈 Valuation Zones Explained 🟢 Extreme Buy Zone (< 0.8): Historical accumulation opportunity - Bitcoin trading significantly below 200MA 🟡 Undervalued (0.8-1.2): Below fair value - favorable risk/reward for long-term positions ⚪ Fair Value (1.2-1.8): Balanced market conditions - hold existing positions 🟠 Overvalued (1.8-2.4): Above fair value - consider taking partial profits 🔴 Extreme Sell (2.4-3.5): Historical distribution zone - high probability of correction 🟣 Bubble Territory (> 3.5): Extreme overvaluation - historical cycle tops ⚙️ Customization Options Adjustable MA period (default 200-day for traditional analysis) Smoothing filter to reduce noise Toggle histogram, line chart, and reference lines independently Customizable transparency and histogram width Movable statistics panel for clean chart layout 💡 How to Use Accumulation Strategy: Buy when Mayer Multiple drops below 1.0, especially during extreme dips below 0.8 Distribution Strategy: Take profits when multiple exceeds 2.4, particularly above 3.5 Trend Confirmation: Values consistently above 1.0 confirm bull market momentum Risk Management: Use risk level indicator to adjust position sizing 📊 Statistics Panel Includes Current Mayer Multiple value with color-coded status Action signal (Strong Buy → Extreme Sell) 1-year high, low, and average for context Current BTC price and MA200 reference Risk level assessment for position management 🔔 Alert System Built-in alerts for all key threshold crossovers: Extreme Buy Zone entry (< 0.8) Undervalued Zone entry (< 1.2) Overvalued Zone entry (> 2.4) Extreme Sell Zone entry (> 3.5) 🎓 Best Practices Use on daily or weekly timeframes for most reliable signals Combine with other indicators for confluence Historical data shows multiple below 1.0 offers asymmetric risk/reward Values above 2.4 preceded most major corrections Not suitable for intraday trading or scalping ⚠️ Important Notes This indicator is based on historical patterns and does not guarantee future performance. The Mayer Multiple works best on longer timeframes and should be used as part of a comprehensive trading strategy. Markets can remain overbought or oversold for extended periods. Compatible with TradingView Pine Script v6 | Works on all Bitcoin pairs | Optimized for BTC/USD and BTC/USDT
Pine Script® indicator
by Bayan_dzuqi
Katana_Fox RSI Pro - Advanced Momentum Indicator with Clear BUOverview: Connors RSI Pro is a sophisticated enhancement of the classic Connors RSI indicator, designed for traders who demand professional-grade tools. This premium version combines multiple momentum components with intelligent signaling and beautiful visualization to give you an edge in the markets. Key Features: 🎯 Clear BUY/SELL Signal System BUY signals in green when CRSI crosses above oversold level SELL signals in red when CRSI crosses below overbought level Clean, professional labels that are easy to read Customizable overbought/oversold levels (70/30 default) 🎨 Professional Visualization Modern color scheme that adapts to market conditions Customizable background fills for better readability Smooth, easy-to-read line plotting ⚡ Enhanced Calculations Triple-component momentum analysis (RSI, UpDown RSI, Percent Rank) EMA smoothing for reduced noise and false signals Configurable lengths for each component 🔔 Advanced Alert System 4 distinct alert conditions for various market scenarios Compatible with TradingView's native alert system Perfect for automated trading strategies Input Parameters: RSI Length (3): Period for standard RSI calculation UpDown Length (2): Period for UpDown RSI component ROC Length (100): Period for Rate of Change percentile ranking Signal Alerts: Toggle BUY/SELL signals on/off Custom Colors: Choose between classic and modern color schemes Trading Signals: BUY (Green Label): Bullish signal when CRSI crosses above oversold level SELL (Red Label): Bearish signal when CRSI crosses below overbought level Background Colors: Visual zones indicating momentum strength Ideal For: Swing traders seeking momentum reversals Day traders looking for overbought/oversold conditions Algorithmic traders needing reliable signals Technical analysts wanting multi-timeframe confirmation How to Use: Oversold Bounce: Enter long when CRSI shows BUY signal above 30 Overbought Rejection: Enter short when CRSI shows SELL signal below 70 Trend Confirmation: Use the 50-level crossover for trend direction Divergence Trading: Look for price/indicator divergences at extremes Upgrade your trading arsenal with Connors RSI Pro - where professional analytics meet clear trading signals!
Pine Script® indicator
by Katana_Fox
FirstStrike Long 200 - Daily Trend Rider [KedArc Quant]Strategy Description FirstStrike Long 200 is a disciplined, long-only momentum strategy designed for daily "strike-first" entries in trending markets. It scans for RSI momentum above a customizable trigger (default 50), confirmed by EMA trend filters, and limits you to *exactly one trade per day* to avoid overtrading. It uses ATR for dynamic risk management (1.5x stop, 2:1 RR target) and optional trailing stops to ride winners. Backtested with realistic commissions and sizing, it prioritizes low drawdowns (<1% max in tests) over aggressive gains—ideal for swing traders seeking quality setups in bull runs. Why It's Different from Other Strategies Unlike generic RSI crossover bots or EMA ribbon mashups that spam signals and bleed in chop, FirstStrike enforces a "one-and-done" daily gate, blending precision momentum (RSI modes with grace/sustain) with robust filters (volume, sessions, rearm dips). How It Helps Traders - Reduces Emotional Trading: One entry/day forces discipline—miss a setup? Wait for tomorrow. Perfect for busy pros avoiding screen fatigue. - Adapts to Regimes: Switch modes for trends ("Cross+Grace") vs. ranges ("Any bar")—boosts win rates 5-10% in backtests on high-beta names like . - Risk-First Design: ATR scales stops to vol capping DD at 0.2% while targeting 2R winners. Trailing option locks +3-5% runs without early exits. - Quick Insights: Labels/alerts flag entries with RSI values; bgcolor highlights signals for visual scanning. Helps spot "first-strike" edges in uptrends, filtering ~60% noise. Why This Is Not a Mashup This isn't a Frankenstein of off-the-shelf indicators—while it uses standard RSI/EMA/ATR (core Pine primitives), the innovation lies in: - Custom Trigger Engine: Switchable modes (e.g., "Cross+Grace+Sustain" requires post-cross hold) prevent perpetual signals, unlike basic `ta.crossover()`. - Daily Rearm Gate: Resets eligibility only after a dip (if enabled), tying momentum to mean-reversion—original logic not found in common scripts. - Per-Day Isolation: `var` vars + `ta.change(time("D"))` ensure zero pyramiding/overlaps, beyond simple session filters. All formulae are derived in-house for "first-strike" (early RSI pops in trends), not copied from public repos. Input Configurations Let's break down every input in the FirstStrike Long 200 strategy. These settings let you tweak the strategy like a dashboard—start with defaults for quick testing, then adjust based on your asset or timeframe (5m for intraday). They're grouped logically to keep things organized, and most have tooltips in the script for quick reminders. RSI / Trigger Group: The Heart of Momentum Detection This is where the magic starts—the strategy hunts for "upward energy" using RSI (Relative Strength Index), a tool that measures if a stock is overbought (too hot) or oversold (too cold) on a 0-100 scale. - RSI Length: How many bars (candles) back to calculate RSI. Default is 14, like a 14-day window for daily charts. Shorter (e.g., 9) makes it snappier for fast markets; longer (21) smooths out noise but misses quick turns. - Trigger Level (RSI >= this): The key RSI value where the strategy says, "Go time!" Default 50 means enter when RSI crosses or holds above the neutral midline. Why is this trigger required? It acts as your "green light" filter—without it, you'd enter on every tiny price wiggle, leading to endless losers. RSI above this shows building buyer power, avoiding weak or sideways moves. It's essential for quality over quantity, especially in one-trade-per-day setups. - Trigger Mode: Picks how strict the RSI signal must be. Options: "Cross only" (exact RSI crossover above trigger—super precise, fewer trades); "Cross+Grace" (crossover or within a grace window after—gives a second chance); "Cross+Grace+Sustain" (crossover/grace plus RSI holding steady for bars—best for steady climbs); "Any bar >= trigger" (looser, any bar above—more opportunities but riskier in chop). Start with "Any bar" for trends, switch to "Cross only" for caution. - Grace Window (bars after cross): If mode allows, how many bars post-RSI-cross you can still enter if RSI dips but recovers. Default 30 (about 2.5 hours on 5m). Zero means no wiggle room—pure precision. - Sustain Bars (RSI >= trigger): In sustain mode, how many straight bars RSI must stay above trigger. Default 3 ensures it's not a fluke spike. - Require RSI Dip Below Rearm Before Any Entry?: A yes/no toggle. If on, the strategy "rearms" only after RSI dips below a low level (like a breather), preventing back-to-back signals in overextended rallies. - Rearm Level (if requireDip=true): The dip threshold for rearming. Default 45—RSI must go below this to reset eligibility. Lower (30) for deeper pullbacks in volatile stocks. For the trigger level itself, presets matter a lot—default 50 is neutral and versatile for broad trends. Bump to 55-60 for "strong momentum only" (fewer but higher-win trades, great in bull runs like tech surges); drop to 40-45 for "early bird" catches in recoveries (more signals but watch for fakes in ranges). The optimize hint (40-60) lets you test these in TradingView to match your risk—higher presets cut noise by 20-30% in backtests. Trend / Filters Group: Keeping You on the Right Side of the Market These EMAs (Exponential Moving Averages) act like guardrails, ensuring you only long in uptrends. - EMA (Fast) Confirmation: Short-term EMA for price action. Default 20 periods—price must be above this for "recent strength." Shorter (10) reacts faster to intraday pops. - EMA (Trend Filter): Long-term EMA for big-picture trend. Default 200 (classic "above the 200-day" rule)—price above it confirms bull market. Minimum 50 to avoid over-smoothing. Optional Hour Window Group: Timing Your Strikes Avoid bad hours like lunch lulls or after-hours tricks. - Restrict by Session?: Yes/no for using exact market hours. Default off. - Session (e.g., 0930-1600 for NYSE): Time string like "0930-1600" for open to close. Auto-skips pre/post-market noise. - Restrict by Hour Range?: Fallback yes/no for simple hours. Default off. - Start Hour / End Hour: Clock times (0-23). Defaults 9-15 ET—focus on peak volume. Volume Filter Group: No Volume, No Party Confirms conviction—big moves need big participation. - Require Volume > SMA?: Yes/no toggle. Default off—only fires on above-average volume. - Volume SMA Length: Periods for the average. Default 20—compares current bar to recent norm. Risk / Exits Group: Protecting and Profiting Smartly Dynamic stops based on volatility (ATR = Average True Range) keep things realistic. - ATR Length: Bars for ATR calc. Default 14—measures recent "wiggle room" in price. - ATR Stop Multiplier: How far below entry for stop-loss. Default 1.5x ATR—gives breathing space without huge risk - Take-Profit R Multiple: Reward target as multiple of risk. Default 2.0 (2:1 ratio)—aims for twice your stop distance. - Use Trailing Stop?: Yes/no for profit-locking trail. Default off—activates after entry. - Trailing ATR Multiplier: Trail distance. Default 2.0x ATR—looser than initial stop to let winners run. These inputs make the strategy plug-and-play: Defaults work out-of-box for trending stocks, but tweak RSI trigger/modes first for your style. Always backtest changes—small shifts can flip a 40% win rate to 50%+! Outputs (Visuals & Alerts): - Plots: Blue EMA200 (trend line), Orange EMA20 (price filter), Green dashed entry price. - Labels: Green "LONG" arrow with RSI value on entries. - Background: Light green highlight on signal bars. - Alerts: "FirstStrike Long Entry" fires on conditions (integrates with TradingView notifications). Entry-Exit Logic Entry (Long Only, One Per Day): 1. Daily Reset: New day clears trade gate and (if required) rearm status. 2. Filters Pass: Time/session OK + Close > EMA200 (trend) + Close > EMA20 (price) + Volume > SMA (if enabled) + Rearmed (dip below rearm if toggled). 3. Trigger Fires: RSI >= trigger via selected mode (e.g., crossover + grace window). 4. Execute: Enter long at close; set daily flag to block repeats. Exit: - Stop-Loss: Entry - (ATR * 1.5) – dynamic, vol-scaled. - Take-Profit: Entry + (Risk * 2.0) – fixed RR. - Trailing (Optional): Activates post-entry; trails at Close - (ATR * 2.0), updating on each bar for trend extension. No shorts or hedging—pure long bias. Formulae Used - RSI: `ta.rsi(close, rsiLen)` – Standard 14-period momentum oscillator (0-100). - EMAs: `ta.ema(close, len)` – Exponential moving averages for trend/price filters. - ATR: `ta.atr(atrLen)` – True range average for stop sizing: Stop = Entry - (ATR * mult). - Volume SMA: `ta.sma(volume, volLen)` – Simple average for relative strength filter. - Grace Window: `bar_index - lastCrossBarIndex <= graceBars` – Counts bars since RSI crossover. - Sustain: `ta.barssince(rsi < trigger) >= sustainBars` – Consecutive bars above threshold. - Session Check: `time(timeframe.period, sessionStr) != 0` – TradingView's built-in session validator. - Risk Distance: `riskPS = entry - stop; TP = entry + (riskPS * RR)` – Asymmetric reward calc. FAQ Q: Why only one trade/day? A: Prevents revenge trading in volatile sessions . Backtests show it cuts losers by 20-30% vs. multi-entry bots. Q: Does it work on all assets/timeframes? A: Best for trending stocks/indices on 5m-1H. Test on crypto/forex with wider ATR mult (2.0+). Q: How to optimize? A: Use TradingView's optimizer on RSI trigger (40-60) and EMA fast (10-30). Aim for PF >1.0 over 1Y data. Q: Alerts don't fire—why? A: Ensure `alertcondition` is enabled in script settings. Test with "Any alert() function calls only." Q: Trailing stop too loose? A: Tune `trailMult` to 1.5 for tighter; it activates alongside fixed TP/SL for hybrid protection. Glossary - Grace Window: Post-RSI-cross period (bars) where entry still allowed if RSI holds trigger. - Rearm Dip: Optional pullback below a low RSI level (e.g., 45) to "reset" eligibility after signals. - Profit Factor (PF): Gross profit / gross loss—>1.0 means winners outweigh losers. - R Multiple: Risk units (e.g., 2R = 2x stop distance as target). - Sustain Bars: Consecutive bars RSI stays >= trigger for mode confirmation. Recommendations - Backtest First: Run on your symbols (/) over 6-12M; tweak RSI to 55 for +5% win rate. - Live Use: Start paper trading with `useSession=true` and `useVol=true` to filter noise. - Pairs Well With: Higher TF (daily) for bias; add ADX (>25) filter for strong trends (code snippet in prior chats). - Risk Note: 10% sizing suits $100k+ accounts; scale down for smaller. Not financial advice—past performance ≠ future. - Publish Tip: Add tags like "momentum," "RSI," "long-only" on TradingView for visibility. Strategy Properties & Backtesting Setup FirstStrike Long 200 is configured with conservative, realistic backtesting parameters to ensure reliable performance simulations. These settings prioritize capital preservation and transparency, making it suitable for both novice and experienced traders testing on stocks. Initial Capital $100,000 Standard starting equity for portfolio-level testing; scales well for retail accounts. Adjust lower (e.g., $10k) for smaller simulations. Base Currency Default (USD) Aligns with most US equities (e.g., NASDAQ symbols); auto-converts for other assets. Order Size 1 (Quantity) Fixed share contracts for simplicity—e.g., buys 1 share per trade. For % of equity, switch to "Percent of Equity" in strategy code. Pyramiding 0 Orders No additional entries on open positions; enforces strict one-trade-per-day discipline to avoid overexposure. Commission 0.1% Realistic broker fee (e.g., Interactive Brokers tier); factors in round-trip costs without over-penalizing winners. Verify Price for Limit Orders 0 Ticks No slippage delay on TPs—assumes ideal fills for historical accuracy. Slippage 0 Ticks Zero assumed slippage for clean backtests; real-world trading may add 1-2 ticks on volatile opens. These defaults yield low drawdowns (<0.3% max in tests) while capturing trend edges. For live trading, enable slippage (1-3 ticks) to mimic execution gaps. Always forward-test before deploying! ⚠️ Disclaimer This script is provided for educational purposes only. Past performance does not guarantee future results. Trading involves risk, and users should exercise caution and use proper risk management when applying this strategy.
Pine Script® strategy
by kedarcquant