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Artharjan Intraday Trading ZonesArtharjan Intraday Trading Zones (AITZ) Overview The AITZ indicator is designed to visually mark intraday trading zones on a chart by using the current day’s High (DH) and Low (DL) as reference points. It creates three distinct market zones: Bullish Zone: Near the daily high, suggesting strength. Bearish Zone: Near the daily low, suggesting weakness. Neutral / No-Trade Zone: Between the bullish and bearish thresholds, where price movement is less directional. These zones are highlighted with color-fills for quick visual identification, and the indicator automatically resets at the start of each new trading day. Key Features Daily Reference Levels: Automatically fetches Day High, Day Low, and uses them to calculate intraday zones. Configurable Zone Depth: Traders can set the percentage distance from High/Low to define bullish and bearish zones. Conditional Zone Coloring: Option to highlight zones only when price is actively trading inside them. Dynamic Updates: Zone coloring adjusts in real time as the day progresses. Customizable Appearance: Line thickness and zone colors can be adjusted to match chart preferences. Inputs Parameter Type Default Description Level Thickness Integer 1 Thickness of all plotted levels (1–10). (DH-DL)% below Day High Float 25 Distance from daily high (as % of DH–DL range) to define bullish threshold. (DH-DL)% above Day Low Float 25 Distance from daily low (as % of DH–DL range) to define bearish threshold. Plot Zone Colors (Conditional)? Boolean true If enabled, zones are colored only when price trades inside them. Otherwise, they remain visible regardless of price position. Bullish Zone Color Color Teal (90% transparent) Fill color for bullish zone. Neutral Zone Color Color Blue (90% transparent) Fill color for neutral/no-trade zone. Bearish Zone Color Color Maroon (90% transparent) Fill color for bearish zone. Core Calculations Zones: Bullish Zone = between DH and LTL Bearish Zone = between DL and STL Neutral Zone = between LTL and STL Reset Behavior: At the start of each new daily session, old lines are deleted and fresh ones are drawn. Usage Example A trader sets: (DH–DL)% below High = 20% (DH–DL)% above Low = 20% If today’s DH = 1000 and DL = 900 (Range = 100): Bullish threshold = 1000 – (100 × 20%) = 980 Bearish threshold = 900 + (100 × 20%) = 920 Zones: Bullish Zone: 980 → 1000 Neutral Zone: 920 → 980 Bearish Zone: 900 → 920 This creates clear trade zones for scalpers or intraday directional traders. Practical Application Trend Confirmation: If price sustains in the bullish zone, bias stays long. Weakness Detection: Price falling into the bearish zone signals short opportunities. Neutral Play: Avoid trades or expect sideways action inside the neutral zone. Limitations Works on instruments with clear daily highs/lows (equities, futures, FX). May repaint levels intraday until the daily high/low is confirmed. Zones depend on daily volatility—very narrow ranges may cause zones to overlap.
Pine Script® indicator
by rsdesai005
Cloud Craft SR [Volume Enhanced Edition]Cloud Craft SR - Advanced Support & Resistance System Short Description: Advanced cloud-based support & resistance indicator with volume analysis. Features dynamic zones, multi-timeframe analysis, and adaptive visual themes for different chart backgrounds. Full Description: Cloud Craft SR is an advanced support and resistance detection system that combines price action analysis with volume dynamics to identify high-probability trading zones. 🎯 Key Features: Smart Zone Detection: Automatically identifies and ranks support/resistance zones based on historical price action Volume Integration: Enhanced zone strength calculation using volume-weighted analysis Multi-Timeframe Analysis: Configurable timeframe selection for deeper market structure analysis Adaptive Visual Themes: Three color schemes optimized for white, black, and gray chart backgrounds Dynamic Cloud Visualization: Visual representation of zone strength through opacity and border width Real-Time Information Panel: Live zone data with volume rankings and strength metrics Breakout Detection: Volume-confirmed breakout signals for enhanced reliability 📊 How Power & Volume Are Calculated: Power Calculation: Power represents the strength of each support/resistance zone based on: Pivot Points: Number of price reversals at the zone (each pivot = 20 base points) Touch Count: How many times price has tested the zone Volume Weight: If volume analysis is enabled, zones with higher volume get multiplied strength Example: Zone has 3 pivot points = 60 base points Price touched the zone 5 times = +5 points Total base strength = 65 If volume at this zone is 1.5x average = 65 × 1.5 = 97.5 Power Display Power = 97.5 ÷ 10 = 9.8 (shown as 10 in panel) Volume Integration: Collects volume data at each pivot point Compares zone volume to average volume Applies multiplier (default 1.5x) to strengthen high-volume zones Volume Rank shows relative volume importance (⭐ to ⭐⭐⭐⭐⭐) Visual Representation: Higher Power = Thicker borders Higher Volume = Less transparency (more solid appearance) Top zones are displayed with strongest at top of panel ⚙️ Customization Options: Cloud Timeframe (3min to Monthly) Analysis Depth (100-500 bars) Zone Sensitivity Control (2-12%) Strength Filter Settings (min touches required) Visual Style Selection Volume Analysis Toggle Panel Position & Theme 📈 How It Works: The indicator analyzes historical price pivots to identify areas where price has repeatedly found support or resistance. These zones are then weighted by volume activity to determine their relative strength. Stronger zones appear more prominent visually, helping traders quickly identify key levels. 💡 Best Use Cases: Identifying key support/resistance levels for entry/exit points Confirming breakouts with volume analysis Setting stop-loss and take-profit levels Multi-timeframe confluence analysis Risk management and position sizing Default Settings Optimized For: 4H timeframe analysis with 250-bar lookback period Why Protected Source? This indicator uses proprietary algorithms for: - Advanced pivot detection with volume weighting - Dynamic zone strength calculation combining multiple factors - Adaptive visual rendering based on volume and strength metrics
Pine Script® indicator
by DjSerkanBycall
3
NY Anchored VWAP and Auto SMANY Anchored VWAP and Auto SMA This script is a versatile trading indicator for the TradingView platform that combines two powerful components: a New York-anchored Volume-Weighted Average Price (VWAP) and a dynamic Simple Moving Average (SMA). Designed for traders who utilize VWAP for intraday trend analysis, this tool provides a clear visual representation of average price and volatility-adjusted moving averages, generating automated alerts for key crossover signals. Indicator Components 1. NY Anchored VWAP The VWAP is a crucial tool that represents the average price of a security adjusted for volume. This version is "anchored" to the start of the New York trading session, resetting at the beginning of each new session. This provides a clean, session-specific anchor point to gauge market sentiment and trend. The VWAP line changes color to reflect its slope: Green: When the VWAP is trending upwards, indicating a bullish bias. Red: When the VWAP is trending downwards, indicating a bearish bias. 2. Auto SMA The Auto SMA is a moving average with a unique twist: its lookback period is not fixed. Instead, it dynamically adjusts based on market volatility. The script measures volatility using the Average True Range (ATR) and a Z-Score calculation. When volatility is expanding, the SMA's length shortens, making it more sensitive to recent price changes. When volatility is contracting, the SMA's length lengthens, smoothing out the price action to filter out noise. This adaptive approach allows the SMA to react appropriately to different market conditions. Suggested Trading Strategy This indicator is particularly effective when used on a one-minute chart for identifying high-probability trade entries. The core of the strategy is to trade the crossover between the VWAP and the Auto SMA, with confirmation from a candle close. The strategy works best when the entry signal aligns with the overall bias of the higher timeframe market structure. For example, if the daily or 4-hour chart is in an uptrend, you would look for bullish signals on the one-minute chart. Bullish Entry Signal: A potential entry is signaled when the VWAP crosses above the Auto SMA, and is confirmed when the one-minute candle closes above both the VWAP and the SMA. This indicates a potential continuation of the bullish momentum. Bearish Entry Signal: A potential entry is signaled when the VWAP crosses below the Auto SMA, and is confirmed when the one-minute candle closes below both the VWAP and the SMA. This indicates a potential continuation of the bearish momentum. The built-in alerts for these crossovers allow you to receive notifications without having to constantly monitor the charts, ensuring you don't miss a potential setup.
Pine Script® indicator
by immediatePerso44773
Price Grid (Base/Step/Levels)Price Grid (Base/Step/Levels) is a simple yet powerful tool for visual traders. It automatically draws a customizable grid of horizontal price levels on your chart. You choose a base price, a grid step size, and the number of levels to display above and below. The indicator then plots evenly spaced lines around the base, helping you: Spot round-number zones and psychological levels Plan entries, exits, and stop-loss placements Visualize support/resistance clusters Build grid or ladder trading strategies The base line is highlighted so you always know your anchor level, while the other levels are styled separately for clarity. ⚙️ Inputs Base price → anchor level (set 0 to use current close price) Grid step → distance between levels Number of levels → lines drawn above & below base Line style / width / colors → full customization ✅ Notes Works on any market and timeframe Automatically respects the symbol’s minimum tick size Lightweight & non-repainting
Pine Script® indicator
by rozdol
CandelaCharts - ATH Drawdown 📝 Overview Track how far price is from its All-Time High (ATH) at any moment. This tool plots the percentage drawdown since the running ATH, so you instantly see whether the market is near peak (≈0%) or deep in a cycle reset (e.g., −60% to −80%). It’s designed for cycle analysis, risk framing, DCA planning, and spotting “capitulation” zones across any symbol or timeframe. 📦 Features True ATH drawdown% — 0% at ATH; negative values show distance below ATH. Price source switch — choose Close or High (wick-based ATH). Optional smoothing — EMA on drawdown% for cleaner cycles. Color-coded risk bands — green → yellow → orange → red → maroon as drawdown deepens. Milestone gridlines — quick read at −20/−40/−60/−80%. Inline readout — compact table shows the latest drawdown%. Ready-made alert — notify when drawdown enters the classic −70% to −80% zone. ⚙️ Settings Price — Close or High for ATH calculation (wicks vs closes). Smoothing — EMA length on drawdown% (0 = off). Show grid lines — level guides at −20/−40/−60/−80%. Alert 70–80% — enable alert when drawdown is between −70% and −80%. Show latest ATH drawdown % — table readout in the chart. ⚡️ Showcase Contextualize cycle risk: near 0% = late-cycle/expansion; sub −60% = deep retrace. 📒 Usage Add to any symbol/timeframe. Pick Price source (Close or High) to match your methodology. (Optional) Set Smoothing to clarify bigger cycles. Use color bands & gridlines to define risk buckets (e.g., “accumulate < −60%”). Watch the table for the current drawdown at a glance. 🚨 Alerts The indicator provides configurable alerts that turn drawdown bands into actionable signals. Drawdown between 70% and 80% — fires when drawdown enters the −70%…−80% band; ideal for “capitulation zone” notifications. ⚠️ Disclaimer These tools are exclusively available on the TradingView platform. Our charting tools are intended solely for informational and educational purposes and should not be regarded as financial, investment, or trading advice. They are not designed to predict market movements or offer specific recommendations. Users should be aware that past performance is not indicative of future results and should not rely on these tools for financial decisions. By using these charting tools, the purchaser agrees that the seller and creator hold no responsibility for any decisions made based on information provided by the tools. The purchaser assumes full responsibility and liability for any actions taken and their consequences, including potential financial losses or investment outcomes that may result from the use of these products. By purchasing, the customer acknowledges and accepts that neither the seller nor the creator is liable for any undesired outcomes stemming from the development, sale, or use of these products. Additionally, the purchaser agrees to indemnify the seller from any liability. If invited through the Friends and Family Program, the purchaser understands that any provided discount code applies only to the initial purchase of Candela's subscription. The purchaser is responsible for canceling or requesting cancellation of their subscription if they choose not to continue at the full retail price. In the event the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable. We do not offer reimbursements, refunds, or chargebacks. Once these Terms are accepted at the time of purchase, no reimbursements, refunds, or chargebacks will be issued under any circumstances. By continuing to use these charting tools, the user confirms their understanding and acceptance of these Terms as outlined in this disclaimer.
Pine Script® indicator
by CandelaCharts
1
Zigzag Market Type OscillatorZigzag Market Type Oscillator This indicator is a powerful tool for analyzing market conditions by categorizing price action into one of four states: Up-Trending, Down-Trending, Consolidating, or Ranging. It uses a Zigzag pattern to identify swings and then calculates the average size of upward and downward price movements to determine the prevailing market type. How It Works: Swing Detection: The script first uses a Zigzag algorithm (based on the Zigzag Depth input) to find significant highs and lows in the market. These swings are considered the "legs" of price movement. Average Leg Size: It keeps track of the percentage change of the most recent upward and downward legs. The Number of Legs for Average setting controls how many past legs are used to calculate the average size of up-moves and down-moves. Disparity Calculation: The core of the indicator is the Disparity value, which measures the difference between the average size of up-legs and down-legs. - A positive disparity means up-legs are, on average, larger than down-legs. - A negative disparity means down-legs are, on average, larger than up-legs. - A disparity near zero means up-legs and down-legs are roughly the same size. Market Type Classification: The indicator then uses the Disparity and Average Size values to color-code the oscillator, providing a clear visual signal of the market type: Green (Up-Trending): The disparity is positive and above your Disparity Threshold. This suggests a strong upward trend where buyers are consistently making larger moves than sellers. Red (Down-Trending): The disparity is negative and below your -Disparity Threshold. This suggests a strong downward trend where sellers are consistently making larger moves than buyers. Blue (Ranging): The disparity is close to zero (within your Disparity Threshold), and the overall Average Size of the swings is small (below your Size Threshold). This indicates a tight, choppy, and indecisive market with no clear direction. Silver (Consolidating or drifting in direction of most recent trend) : The disparity is close to zero, but the overall Average Size of the swings is large. This suggests a sideways market with wide swings, also known as a trading range. How to Use It: Trend Confirmation: Use the Green and Red signals to confirm the direction and strength of a trend. A sustained green plot suggests a good environment for long positions, while a sustained red plot favors short positions. Identify Non-Trending Conditions: Use the Blue and Silver plots to identify when the market is not trending. During these periods, trend-following strategies may not be effective. You might look for breakout opportunities (from a blue plot) or use a range-bound trading strategy (within a silver plot). Risk Management: The oscillator can serve as a warning sign. For example, if you are in an uptrending market (green plot) but the oscillator suddenly turns silver or blue, it may signal that the trend is losing momentum and that you should consider reducing your position or tightening your stop-loss. Settings: Zigzag Depth: This controls the sensitivity of the Zigzag, which in turn defines the "legs." A higher value will ignore smaller price fluctuations, focusing on larger swings. A lower value will capture more detail. Number of Legs for Average: This determines the lookback period for the average size calculation. A higher number will create a smoother, more stable oscillator but will react more slowly to changes in market behavior. Disparity Threshold: This is the key setting that determines the line between a trending market and a non-trending one. Adjust this to a level that you believe represents a significant difference between up and down moves. Size Threshold (%): This separates Ranging (small swings) from Consolidating (large swings). Adjust this to define what you consider a "small" vs. a "large" price swing for the asset you are trading.
Pine Script® indicator
by Cmo22
OB + CHoCH [El Baja Panty]The Baja Panty Indicator is a custom-built tool designed to help traders identify high-probability entry and exit zones using a blend of price action and momentum signals. It overlays visual cues directly on the chart to highlight potential trend reversals, continuation setups, and areas of confluence. This indicator is tailored for fast decision-making, with a focus on clarity and minimal lag, making it especially useful for scalpers and short-term traders.
Pine Script® indicator
by nunezjl1983
FXWIZ HMA Meridian MTFFXWIZ HMA Meridian MTF — Full Description Overview FXWIZ HMA Meridian MTF is a clean, multi-timeframe baseline tool designed to help traders quickly understand directional bias and timing opportunities. The “Meridian” concept refers to a reference line — here, it serves as your directional compass. Instead of guessing short-term moves, this indicator gives you a structured way to align multiple timeframes and focus only when the higher-timeframe anchor supports your entry. Key Features 🔹 Meridian Band (3D HMA) On your current chart timeframe, the script calculates three HMA lines — High, Close, and Low — and then builds a dual gradient fill between them. This creates a smooth 3D band around price. It gives you a visual “road” showing whether the market is pressing on the upper side (bullish pressure) or the lower side (bearish pressure). 🔹 MTF Baselines (5m / 15m / 30m) Three additional HMA baselines are pulled directly from higher timeframes. The lines are drawn with different thickness and transparency so you can instantly see which timeframe is stronger. The 30m line is the anchor: if it disagrees with the lower ones, you know you’re fighting the bigger flow. 🔹 3:2 Regime Engine A simple but effective logic: if two or more of the three timeframes (5m/15m/30m) are up, regime is Long. If two or more are down, regime is Short. If only one is in disagreement, the system holds the previous regime until a clear majority forms. This removes hesitation and keeps you aligned with the dominant side. 🔹 Signals (dots) Small timing hints are plotted as dots. They appear when a regime flips or when a lower timeframe (5m or 15m) re-accelerates inside an existing trend. To avoid noise, a fixed cooldown is built in. The signals do not repaint — they are confirmed once the bar closes. 🔹 Bias Cloud (EMA 144/189) An optional feature that overlays a long-term EMA pair with a gradient fill. This helps visualize the overall “macro bias.” By default, the Bias Cloud is OFF to keep the chart clean. How To Use 🔹 Step 1: Anchor Bias Start by checking the 30m line and the TF panel arrows. This is your main compass. If the 30m is pointing down, prefer shorts. If it’s up, prefer longs. 🔹 Step 2: Confirm With 15m/5m Make sure at least one of the faster baselines agrees. Two or more aligned timeframes confirm the regime. 🔹 Step 3: Time Your Entry Watch the Meridian band on the 5m chart. Entries work best when price returns to the band and a signal dot appears in the same direction as the regime. This way, you are entering with the flow instead of chasing candles. 🔹 Step 4: Manage Exit Consider reducing size or exiting when: An opposite dot prints against your position while 30m anchor disagrees. Price closes through the Meridian band to the other side. A major session change or news event is about to hit. Why It Works Instead of trying to follow every wiggle on a 5m chart, the Meridian method forces you to first respect the higher timeframe anchor. It reduces false starts, keeps you out of chop, and helps you recognize when momentum truly aligns. The 3D band improves readability: it’s much easier to see pressure and reversals compared to a single flat line. Beginner Notes 🔹 The default HMA length is 300. Keep it there until you understand the rhythm. 🔹 Do not chase every dot. Think of them as hints, not commands. 🔹 The band is a visual aid, not a prediction. Use it as a reference, not as a guarantee. 🔹 All calculations use closed bars (lookahead_off), so the tool does not repaint. Limitations Like all moving average systems, this lags during sudden reversals. In sideways ranges, expect more noise and fewer reliable signals. Always combine with session awareness and your own risk management. Summary FXWIZ HMA Meridian MTF is a structured way to trade with trend alignment. It combines a premium 3D band, multi-timeframe HMA baselines, a simple majority regime engine, and optional timing dots. Use the 30m anchor for direction, confirm with 15m/5m, and time entries near the Meridian band. Educational only. Not financial advice.
Pine Script® indicator
by mplus2trust
ArmaX Smart Money LiteArmaX Smart Money Lite is the public version of our Smart Money indicator — designed to detect institutional inflows & outflows early. It automatically flags the first candle of a new move (leg) where Smart Money activity is most likely to start. 🔹 Key Features (Lite version): - Detects Smart Money inflow & outflow candles - Highlights first candle of potential major legs - Lightweight and easy-to-use — optimized for clarity - Fixed parameters (non-editable) for consistency ⚡ Note: This is the Lite version. For advanced features such as: multi-timeframe confirmation, on-chain integrations, institutional volume filters, and enhanced dashboard tools — upgrade to ArmaX Smart Money Pro.
Pine Script® indicator
by ArmaxStrategy
Nico Ma Session High/Low (Asia, London, NY)Description: The Nico Ma Session High/Low Indicator automatically marks the high and low of the Asia, London, and New York sessions on your chart. It dynamically adjusts to Daylight Saving Time (DST), so session times are always correct. Each session’s highs and lows are displayed with horizontal rays in its dedicated color: Yellow = Asia Blue = London Red = New York Levels remain on the chart until they are individually swept (price breaks through), at which point the specific line disappears. Works in both backtesting and live markets.
Pine Script® indicator
by Nici11247
Fibonacci Trend By Abu-SarahFibonacci Trend Abu-sarah V2 is a dynamic Fibonacci retracement indicator that automatically adapts to market conditions by combining SuperTrend-based trend detection with auto-plotted Fibonacci structures. Unlike the manual Fibonacci tool, this script continuously updates levels whenever the trend changes, ensuring traders always see the latest retracement zones without manual redrawing. 🔹 How it works **Trend Detection** - Uses the built-in ta.supertrend(4, 25) to detect bullish/bearish trend shifts. - A trend flip automatically resets the Fibonacci structure. **Anchor Points (Highs and Lows)** - On trend change, the script identifies the latest swing high and low. - These act as anchors for the Fibonacci retracement. - Price labels are placed on both anchors for clarity. **Fibonacci Levels** - Levels 0, 0.236, 0.382, 0.5, 0.618, 0.786, and 1 are drawn automatically. - The 0.5 line is dotted and semi-transparent for emphasis. - Each level includes a label with the exact price. **Forward Projection** - Lines extend into the future (default 15 bars) using the Extend input. - This provides clear projections of retracement levels for upcoming candles. **ATR Buffering** - A 200-period ATR adjusts anchor levels slightly. - This avoids false redraws from small price noise and ensures stability. **Diagonal Swing Line** - A dashed line connects the high and low anchors. - It provides visual confirmation of swing direction and is auto-removed if invalid. **Highlight Zones** - Shaded regions emphasize reversal zones: - Between 0.618 and 0.786. - Between 0.5 and 0.786. - Fill color is customizable in the settings. --- 🔹 Inputs - Extend: Number of bars to project lines (default 15). - Fill Area Color: Customize shading between retracement levels. - Fib Levels: Adjustable ratios (0.236, 0.382, 0.618, 0.786). --- 🔹 Features - Fully automatic swing detection. - Continuous recalculation on SuperTrend direction changes. - Customizable colors and labels. - Forward-projected levels for future action zones. - Real-time price labels on each Fibonacci line. - Shaded reversal areas for better visualization. - More adaptive and practical than static manual tools. --- 🔹 Use Cases - Identify potential reversal areas within trends. - Confirm continuation levels during retracements. - Highlight confluence zones with support/resistance. - Provide intraday traders with real-time adaptive levels. --- 🔹 Why it’s unique Many Fibonacci tools exist, but most are manual or static. This script is unique because it: - Integrates SuperTrend as a recalculation trigger. - Automatically adapts to new market swings. - Adds visual fills for high-probability reversal areas. - Displays real-time price labels at every level. This makes it a practical and original tool, providing value beyond open-source Fibonacci scripts. Channel for Analysis & Updates Follow my Telegram channel for t.me Direct Support For personal support and inquiries: t.me
Pine Script® indicator
by abu-Sarah
AlphaADX Trend Meter - Enhanced ADX VisualizationTechnical Overview This indicator enhances the traditional Average Directional Index (ADX) with advanced visualization techniques and adaptive threshold management. It demonstrates several Pine Script programming concepts including dynamic color gradients, conditional plotting, and real-time information display systems. Mathematical Methodology Core ADX Calculation Uses standard DMI (Directional Movement Index) calculation: ta.dmi(diLength, adxSmoothing) Applies configurable smoothing to reduce noise while preserving trend signals Maintains mathematical integrity of Welles Wilder's original ADX formula Dynamic Color System Gradient Implementation: pinecolor.from_gradient(adxValue, minThreshold, maxThreshold, startColor, endColor) Color Logic: Strong trends (ADX > 25): Bright colors (green for bullish, red for bearish) Weak trends (15 < ADX ≤ 25): Muted colors with transparency Choppy markets (ADX ≤ 15): Gray coloring to indicate low directional movement Gradient mode creates smooth color transitions based on ADX intensity Adaptive Threshold Framework While maintaining standard ADX interpretation levels, the indicator allows customization of: Strong trend threshold (default: 25) Weak trend threshold (default: 20) Chop zone threshold (default: 15) This flexibility accommodates different market conditions and trading styles. Technical Features 1. Multi-Layer Visualization Primary ADX Line: Color-coded based on strength and direction Histogram Display: Shows ADX momentum with transparency effects Trend Meter Bar: Simplified visual reference at bottom of chart Background Zones: Subtle shading for strong trends and chop zones 2. Signal Generation Automatic Detection: Strong trend emergence (ADX crosses above strong threshold) Chop zone entry warnings (ADX falls below chop threshold) Trend direction changes in strong trending markets Visual Markers: Triangle arrows for strong trend signals Cross markers for chop zone warnings Color-coded based on bullish/bearish bias 3. Information Dashboard Real-time table displaying: Current ADX value with dynamic background coloring Trend status classification (Strong/Weak/Neutral/Choppy) Directional bias (Bullish ↑/Bearish ↓) DI+ and DI- values for detailed analysis 4. Alert System Programmatic alerts for: Strong trend emergence Entry into consolidation zones Trend reversals during strong directional moves Breakouts from choppy conditions Programming Techniques Demonstrated Advanced Pine Script Concepts: Dynamic Color Functions: Custom color selection based on multiple conditions Conditional Plotting: Different visual elements based on user preferences Table Implementation: Real-time information display with formatting Alert Integration: Multiple condition monitoring system Input Validation: Parameter bounds and logical constraints Visual Enhancement Methods: Gradient color transitions for smooth visual feedback Transparency effects to reduce visual clutter Multi-component display system for comprehensive analysis Customizable visual elements for user preference accommodation Educational Value This indicator serves as a learning tool for: Enhanced ADX Implementation: Shows how to extend built-in indicators with additional functionality Visual Design Principles: Demonstrates effective use of colors, transparency, and layout User Interface Development: Table creation and information display techniques Alert System Design: Comprehensive condition monitoring and notification Configuration Options ADX Parameters: ADX Length: Period for directional movement calculation DI Length: Directional indicator smoothing period ADX Smoothing: Additional smoothing for noise reduction Threshold Levels: Strong Trend Level: Threshold for identifying strong directional movement Weak Trend Level: Moderate trend identification threshold Chop Zone Level: Low directional movement threshold Visual Controls: Trend Meter: Toggle bottom reference bar Histogram: Show/hide ADX momentum bars Signal Arrows: Enable/disable trend change markers Info Table: Display/hide real-time information panel Gradient Mode: Switch between smooth gradients and solid colors Use Cases and Applications Market Analysis: Trend Identification: Determine current market directional strength Regime Classification: Distinguish between trending and ranging markets Timing Analysis: Identify optimal periods for trend-following strategies Risk Management: Environment Assessment: Avoid trading during low-ADX choppy periods Position Sizing: Adjust trade size based on trend strength Strategy Selection: Choose appropriate techniques based on market regime Educational Purposes: ADX Understanding: Visual representation of directional movement concepts Pine Script Learning: Example of advanced indicator development techniques Market Behavior: Observation of trend strength patterns across different timeframes Limitations and Considerations Technical Limitations: ADX is a lagging indicator that confirms existing trends rather than predicting them Requires sufficient price movement data for meaningful calculations May generate false signals in very low volatility environments Threshold levels may need adjustment for different asset classes Usage Guidelines: Most effective when combined with other forms of technical analysis Consider market context and fundamental factors Use appropriate timeframes for intended trading approach Regular parameter review for optimal performance Performance Notes: Calculations optimized for real-time analysis Visual elements designed to minimize chart clutter Alert system prevents excessive notifications through condition filtering Disclaimer This indicator is designed for educational and analytical purposes. It demonstrates enhanced visualization of the ADX indicator and various Pine Script programming techniques. Users should understand that past performance does not guarantee future results and should always employ proper risk management practices. The indicator should be used as part of a comprehensive trading approach rather than as a standalone decision-making tool.
Pine Script® indicator
by AlphaEdge_
AlphaRSI Pro - Adaptive RSI with Trend AnalysisOverview AlphaRSI Pro is a technical analysis indicator that enhances the traditional RSI by incorporating adaptive overbought/oversold levels, trend bias analysis, and divergence detection. This indicator addresses common limitations of standard RSI implementations through mathematical adaptations to market volatility. Technical Methodology 1. Smoothed RSI Calculation Applies weighted moving average smoothing to standard RSI(14) Reduces noise while preserving momentum signals Configurable smoothing period (default: 3) 2. Adaptive Level System Mathematical Approach: Calculates ATR-based volatility ratio: volatility_ratio = current_ATR / average_ATR Applies dynamic adjustment: adaptive_level = base_level ± (volatility_ratio - 1) × 20 Bounds levels between practical ranges (15-35 for oversold, 65-85 for overbought) Purpose: Adjusts RSI sensitivity based on current market volatility conditions rather than using fixed 70/30 levels. 3. Trend Bias Integration Uses Simple Moving Average slope analysis over configurable period Calculates trend strength: |slope / price| × 100 Provides visual background shading for trend context Filters RSI signals based on underlying price trend direction 4. Signal Generation Logic Entry Conditions: Bullish: RSI crosses above adaptive oversold level Bearish: RSI crosses below adaptive overbought level Strong signals: Include trend bias confirmation Enhancement over standard RSI: Reduces false signals in choppy markets by requiring trend alignment for "strong" signals. 5. Divergence Detection Automated identification of regular bullish/bearish divergences Uses 5-bar lookback for pivot detection Compares price highs/lows with corresponding RSI highs/lows Plots divergence markers when conditions are met Key Features Real-time adaptive levels based on volatility Trend-filtered signals to improve reliability Built-in divergence scanner Information dashboard showing current values Comprehensive alert system Clean visual presentation with customizable colors Usage Guidelines This indicator works best when: Combined with proper risk management Used in conjunction with other technical analysis Applied to liquid markets with sufficient volatility data Configured appropriately for the selected timeframe Input Parameters RSI Period: Standard RSI calculation length (default: 14) Smoothing Period: WMA smoothing for noise reduction (default: 3) Volatility Lookback: Period for ATR volatility calculation (default: 50) Base OB/OS Levels: Starting points for adaptive adjustment (70/30) Trend Period: Moving average length for trend bias (default: 21) Alert Conditions Bullish Signal: RSI crosses above adaptive oversold Bearish Signal: RSI crosses below adaptive overbought Strong Bullish/Bearish: Signals with trend confirmation Divergence Alerts: Automated divergence detection Educational Value This indicator demonstrates several advanced Pine Script concepts: Dynamic level calculation using mathematical formulas Multi-timeframe analysis integration Conditional signal filtering based on market state Table display for real-time information Comprehensive alert system implementation Limitations Requires sufficient historical data for volatility calculations May generate fewer signals in very low volatility environments Trend bias effectiveness depends on selected MA period Divergences may not always lead to immediate reversals Disclaimer This indicator is for educational and analysis purposes. Past performance does not guarantee future results. Always use proper risk management and consider multiple forms of analysis before making trading decisions.
Pine Script® indicator
by AlphaEdge_
Opening Range Legstart FinderThis multi-faceted indicator uses 4 key time-based price levels to help traders identify when price is likely to revert or reverse. These key times are: 18:00 (Globex open) 00:00 (Midnight open) 9:30 (RTH open) 9:45 (End of first 15 minutes of RTH) The key concept here is that price is likely to revert back into the current daily range if it is below all 4 of the time-based prices or above all of the time-based prices. When price is between those levels it will often chop around and be harder to navigate. The first component of this indicator provides traders with a snapshot of price relative to those 4 levels across up to 6 different tradable instruments, indicating which direction price is expected to move for each of those instruments. This way, the trader can see which instruments are expected to potentially reverse and which ones are more likely to chop. The second component are configurable price windows where the indicator will anticipate reversals in price. By default, the indicator is focused on price reversals that happen at the end or beginning of an hourly candle. As such, the default time windows are the last 15 minutes of one hour and the first 15 minutes of the next (ie. 9:45 to 10:15). The number of hours used is configurable by the user. We are looking to trade OHLC and OLHC of an hourly candle within these windows during which price is expected to reverse or have impulsive moves. The third component is a structure shift detection mechanism. This mechanism is based on relative pivot strength of recent price action. New legs in price action form by breaking above or below the pivots based on recent price action. By default, the pivots are based on the current timeframe but can be adjusted to watch for price breaks above any timeframe larger than the current chart. The fourth component of the indicator will is a mechanism to provide targets based on these new price legs. By default, in bullish scenarios, these targets will only be displayed if price is 'below all' of the price levels described above and we form a new price leg up during the specified time windows where we anticipate a reversal. Alternatively, in bearish scenarios, these targets will only be displayed if price is 'above all' of the price levels described above and we form a new price leg down during the specified time windows where we anticipate a reversal. This default configuration can be changed to show targets regardless of relationship to the price levels above and/or to disregard the time windows configured above. In all scenarios, targets are based on widely used fibonacci extensions on price leg patterns (ie. 2-2.5 and 4 standard deviations up from a move down). Finally there is a volatility filter built-in to the indicator to prevent traders from trying to 'catch the falling knife' when price action is strongly moving in one direction and is likely to continue to do so. This filter is a custom implementation of the Ehlers Super PassBand Filter to accommodate for timeframes less than 1 minute. This indicator is intended to be used on lower timeframes (15 seconds to 2 minutes) as the goal is to catch large reversals with minimal stops. When aligned with higher timeframe trends, the results can be impressive.
Pine Script® indicator
by tony_shares
Planetary Speed - CEPlanetary Speed - Community Edition Welcome to the Planetary Speed - Community Edition , a specialized tool designed to enhance W.D. Gann-inspired trading by plotting the speed of selected planets. This indicator measures changes in planetary ecliptic longitudes, which may correlate with market timing and volatility, making it ideal for traders analyzing equities, forex, commodities, and cryptocurrencies. Overview The Planetary Speed - Community Edition calculates the speed of a chosen planet (Mercury, Venus, Mars, Jupiter, Saturn, Uranus, Neptune, or Pluto) by comparing its ecliptic longitude across time. Supporting heliocentric and geocentric modes, the script plots speed data with high precision across various chart timeframes, particularly for markets open 24/7 like cryptocurrencies. Traders can customize line colors and add multiple instances for multi-planet analysis, aligning with Gann’s belief that planetary cycles influence market trends. Key Features Plots the speed of eight planets (Mercury, Venus, Mars, Jupiter, Saturn, Uranus, Neptune, Pluto) based on ecliptic longitude changes Supports heliocentric and geocentric modes for flexible analysis Customizes line colors for clear visualization of planetary speed data Projects future speed data up to 250 days with daily resolution Works across default TradingView timeframes (except monthly) for continuous markets Enables multiple script instances for tracking different planets on the same chart How to Use Access the script’s settings to configure preferences Choose a planet from Mercury, Venus, Mars, Jupiter, Saturn, Uranus, Neptune, or Pluto Select heliocentric or geocentric mode for calculations Customize the line color for speed data visualization Review plotted speed data to identify potential market timing or volatility shifts Add multiple instances to track different planets simultaneously Get Started The Planetary Speed - Community Edition provides full functionality for astrological market analysis. Designed to highlight Gann’s planetary cycles, this tool empowers traders to explore celestial influences. Trade wisely and harness the power of planetary speed!
Pine Script® indicator
by NasserHumood
Planetary Signs - CEPlanetary Signs - Community Edition Welcome to the Planetary Signs - Community Edition , a specialized tool designed to enhance W.D. Gann-inspired trading by highlighting zodiac sign transitions for selected planets. This indicator marks when planets enter specific zodiac signs, which may correlate with market turning points, making it ideal for traders analyzing equities, forex, commodities, and cryptocurrencies. Overview The Planetary Signs - Community Edition calculates the ecliptic longitude of a chosen planet (Sun, Moon, Mercury, Venus, Mars, Jupiter, Saturn, Uranus, Neptune, or Pluto) and highlights periods when it enters user-selected zodiac signs (Aries, Taurus, Gemini, etc.). Supporting heliocentric and geocentric modes, the script plots sign transitions with minute-level accuracy, syncing perfectly with chart timeframes. Traders can customize colors for each sign and add multiple instances for multi-planet analysis, aligning with Gann’s belief that zodiac transitions influence market trends. Key Features Highlights zodiac sign transitions for ten celestial bodies (Sun, Moon, Mercury, Venus, Mars, Jupiter, Saturn, Uranus, Neptune, Pluto) Supports heliocentric and geocentric modes (Pluto heliocentric-only; Sun and Moon geocentric) Allows selection of one or multiple zodiac signs with customizable highlight colors Plots vertical lines and labels (e.g., “☿ 0 ♈ Aries”) at sign transitions with minute-level accuracy Projects future sign transitions up to 120 days with daily resolution Enables multiple script instances for tracking different planets or signs on the same chart How to Use Access the script’s settings to configure preferences Choose a planet from the Sun, Moon, Mercury, Venus, Mars, Jupiter, Saturn, Uranus, Neptune, or Pluto Select one or more zodiac signs (e.g., Aries, Taurus) to highlight Customize the highlight color for each selected zodiac sign Select heliocentric or geocentric mode for calculations Review highlighted periods and labeled lines to identify zodiac sign transitions Use transitions to anticipate potential market turning points, integrating Gann’s astrological principles Get Started The Planetary Signs - Community Edition provides full functionality for astrological market analysis. Designed to highlight Gann’s zodiac cycles, this tool empowers traders to explore celestial transitions. Trade wisely and harness the power of planetary alignments!
Pine Script® indicator
by NasserHumood
MTF MidpointsOverview : The MTF Midpoints indicator provides comprehensive multi-timeframe analysis by displaying mid points that act as support / resistance. It also comes with the ability to view trend strength across multiple timeframes. Key Features : 1) Multi-Timeframe Support - - 1 Minute, 5 Minute, 15 Minute, 1 Hour, and 4 Hour timeframes. - Each timeframe displays its calculated midpoint level. - Toggle individual timeframes on/off as needed. 2) Dynamic Trend Calculation - Calculates trend direction based on configurable lookback period (default: 30 bars). - Identifies swing highs and lows to determine trend changes. - Computes midpoint levels as the average between current swing high and low. - Tracks price action relative to midpoint to gauge trend strength. 3) Visual Elements - - Colored Lines : Each timeframe displays as a distinct colored line. - Fill Areas : Main timeframe shows colored fills above and below midpoint. - Info Table : Real-time summary of all timeframe data with trend percentages. 4) Customization Options - - Colors : Individual color settings for each timeframe. - Display : Adjustable line width, label sizes, and positioning. - Labels : Toggle price display in labels, customize text color and size. - Info Table: Configurable info table with trend strength indicators. How It Works :- The indicator uses a proprietary algorithm that: 1. Monitors price action over a specified lookback period. 2. Identifies trend direction changes based on new highs/lows. 3. Calculates dynamic support/resistance levels (midpoints). 4. Tracks closes above/below midpoint to determine trend bias. 5. Displays trend strength as a percentage in both table and candle colors. Trading Applications :- - Confluence Analysis : Identify where multiple timeframe midpoints align. - Support/Resistance : Use midpoints as dynamic S/R levels. - Trend Assessment : Gauge trend strength across different timeframes. - Entry/Exit Points : Look for price reactions at key midpoint levels. - Risk Management : Use midpoints to set stop losses and profit targets. Disclaimer : This indicator is for educational and analysis purposes. It does not constitute financial advice. Always conduct your own research and consider your risk tolerance before making trading decisions. Past performance does not guarantee future results.
Pine Script® indicator
by AkariFX