Get started

Indicators and strategies

Hodrick-Prescott Filter (YavuzAkbay)The Hodrick-Prescott (HP) Filter Trend indicator offers a condensed version of the traditional HP filter, which is frequently employed in time series analysis related to the economy and finance. To assist traders and analysts in determining the underlying long-term trend of an asset, this indicator smoothes the price series in order to extract a trend component. How It Operates: A time series is divided into its trend and cycle using the HP filter. By eliminating short-term noise and emphasising the market's direction with a smoother line, this approach concentrates solely on the trend component. The trend's degree of adherence to price data can be adjusted by varying the smoothness parameter (lambda); a smoother line is produced by higher values. Examples of Use: Trend Identification: By separating the long-term trend and making it simpler to disregard short-term noise, the HP Filter Trend helps identify the dominant market direction. Trading Signal Confirmation: To keep traders in line with the general trend, the HP trend line can be used to validate other trend-following signals. Important Notes: The choice of lambda is essential. Recommended lambda levels are 100, 1600 and 14,400. This indicator will be much more useful if it is used together with another indicator of mine, HP Filter Cycle Component. Trading is risky, and most traders lose money. The indicators Yavuz Akbay offers are for informational and educational purposes only. All content should be considered hypothetical, selected after the facts to demonstrate my product, and not constructed as financial advice. Decisions to buy, sell, hold, or trade in securities, commodities, and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results. This indicator is experimental and will always remain experimental. The indicator will be updated by Yavuz Akbay according to market conditions.
Pine Script™ indicator
by YavuzAkbay
Cris0x7 - two consecutive engulfingCris0x7 - two consecutive engulfing Explanation of Changes: bullish_engulfing_signal and bearish_engulfing_signal now check for two consecutive engulfing pairs, meaning they look back over four candles. The script identifies a "Buy" label (for bullish) and a "Sell" label (for bearish) when both conditions for two engulfing pairs are met. This should work to detect and label four-candle patterns on the chart. Let me know if you need additional adjustments!
Pine Script™ indicator
by hunglv2163
Engulfing Pattern with Multiple EMAs and AlertsCreated in copilot for pine script for bullish and bearish engulfing where the signal appears if the engulfing candle closed above or below the 14ema and it must close with the ema passing through either the wick or the candle body, also another stipulation the engulfing candle must be at least a min of 2x the size of the previous candle. The AI created this already adding the 14 ema so I added the 50 and 200 Emas as extras
Pine Script™ indicator
by DayTraderz365
Mean Trend OscillatorMean Trend Oscillator The Mean Trend Oscillator offers an original approach to trend analysis by integrating multiple technical indicators, using statistic to get a probable signal, and dynamically adapting to market volatility. This tool aggregates signals from four popular indicators—Relative Strength Index (RSI), Simple Moving Average (SMA), Exponential Moving Average (EMA), and Relative Moving Average (RMA)—and adjusts thresholds using the Average True Range (ATR). By using this, we can use Statistics to aggregate or take the average of each indicators signal. Mathematically, Taking an average of these indicators gives us a better probability on entering a trending state. By consolidating these distinct perspectives, the Mean Trend Oscillator provides a comprehensive view of market direction, helping traders make informed decisions based on a broad, data-driven trend assessment. Traders can use this indicator to enter long spot or leveraged positions. The Mean Trend Oscillator is intended to be use in long term trending markets. Scalping MUST NOT be used with this indicator. (This indicator will give false signals when the Timeframe is too low. The best intended use for high-quality signals are longer timeframes). The current price of a beginning trend series may tell us something about the next move. Thus, the Mean Trend Oscillator allows us to spot a high probability trending market and potentially exploit this information enter long or shorts strategy. (again, this indicator will give false signals when the Timeframe is too low. The best intended use for high-quality signals are longer timeframes). Concept and Calculation and Inputs The Mean Trend Oscillator calculates a “net trend” score as follows: RSI evaluates market momentum, identifying overbought and oversold conditions, essential for confirming trend direction. SMA, EMA, and RMA introduce varied smoothing methods to capture short- to medium-term trends, balancing quick price changes with smoothed averages. ATR-Enhanced Thresholds: ATR is used as a dynamic multiplier, adjusting each indicator’s thresholds to current volatility levels, which helps reduce noise in low-volatility conditions and emphasizes significant signals when volatility spikes. Length could be used to adjust how quickly each indicator can more or how slower each indicator can be. Time Coherency for Inputs: Each indicator must be calculated where each signal is relatively around the same area. For example: Simply: SMA, RMA, EMA, and RSI enters long around each intended trend period. Doesn't have to be perfect, but the indicators all enter long around there. Each indicator contributes a score (+1 for bullish and -1 for bearish), and these scores are averaged to generate the final trend score: A positive score, shown as a green line, suggests bullish conditions. A negative score, indicated by a red line, signifies bearish conditions. Thus, giving us a signal to long or short. How to Use the Mean Trend Oscillator This indicator’s output is straightforward and can fit into various trading strategies: Bullish Signal: A green line shows that the trend is bullish, based on a positive average score across the indicators, signaling a consideration of longing an asset. Bearish Signal: A red line indicates bearish conditions, with an overall negative trend score, signaling a consideration to shorting an asset. By aggregating these indicators, the Mean Trend Oscillator helps traders identify strong trends while filtering out minor fluctuations, making it a versatile tool for both short- and long-term analysis. This multi-layered, adaptive approach to trend detection sets it apart from traditional single-indicator trend tools.
Pine Script™ indicator
by mad_tiger_slayer
The Pattern-Synced Moving Average System (PSMA)Description: The Pattern-Synced Moving Average System (PSMA) is a comprehensive trading indicator that combines the reliability of moving averages with automated candlestick pattern detection, real-time alerts, and dynamic risk management to enhance both trend-following and reversal strategies. The PSMA system integrates key elements of trend analysis and pattern recognition to provide users with configurable entry, stop-loss, and take-profit levels. It is designed for all levels of traders who seek to trade in alignment with market context, using signals from trend direction and established candlestick patterns. Key Functional Components: Multi-Type Moving Average: Provides flexibility with multiple moving average options: SMA, EMA, WMA, and SMMA. The selected moving average helps users determine market trend direction, with price positions relative to the MA acting as a trend confirmation. Automatic Candlestick Pattern Detection: Identifies pivotal patterns, including bullish/bearish engulfing and reversal signals. Helps traders spot potential market turning points and adjust their strategies accordingly. Configurable Entry, Stop-Loss, and Take-Profit: Risk management is customizable through risk/reward ratios and risk tolerance settings. Entry, stop-loss, and take-profit levels are automatically plotted when patterns appear, facilitating rapid trade decision-making with predefined exit points. Higher Timeframe Trend Confirmation: Optional feature to verify trend alignment on a higher timeframe (e.g., checking a daily trend on an intraday chart). This added filter improves signal reliability by focusing on patterns aligned with the broader market trend. Real-Time Alerts: Alerts can be set for key pattern detections, allowing traders to respond promptly without constant chart monitoring. How to Use PSMA: Set Moving Average Preferences: Choose the preferred moving average type and length based on your trading strategy. The MA acts as a foundational trend indicator, with price positions indicating potential uptrends (price above MA) or downtrends (price below MA). Adjust Risk Management Settings: Set a Risk/Reward Ratio for defining take-profit levels relative to the entry and stop-loss levels. Modify the Risk Tolerance Percentage to adjust stop-loss placement, adding flexibility in managing trades based on market volatility. Activate Higher Timeframe Confirmation (Optional): Enable higher timeframe trend confirmation to filter out counter-trend trades, ensuring that detected patterns are in sync with the larger market trend. Review Alerts and Trade Levels: With PSMA’s real-time alerts, traders receive notifications for detected patterns without having to continuously monitor charts. Visualized entry, stop-loss, and take-profit lines simplify trade execution by highlighting levels directly on the chart. Execute Based on Entry and Exit Levels: The entry line suggests the potential entry price once a bullish or bearish pattern is detected. The stop-loss line is based on your set risk tolerance, establishing a predefined risk level. The take-profit line is calculated according to your preferred risk/reward ratio, providing a clear profit target. Example Strategy: Ensure price is above or below the selected moving average to confirm trend direction. Await a PSMA signal for a bullish or bearish pattern. Review the plotted entry, stop-loss, and take-profit lines, and enter the trade if the setup aligns with your risk/reward criteria. Activate alerts for continuous monitoring, allowing PSMA to notify you of emerging trade opportunities. Release Notes: Line Color and Style Customization: Customizable colors and line styles for entry, stop-loss, and take-profit levels. Dynamic Trade Tracking: Tracks trade statistics, including total trades, win rate, and average P/L, displayed in the data window for comprehensive trade performance analysis. Summary: The PSMA indicator is a powerful, user-friendly tool that combines trend detection, pattern recognition, and risk management into a cohesive system for improved trade decision-making. Suitable for stocks, forex, and futures, PSMA offers a unique blend of adaptability and precision, making it valuable for day traders and long-term investors alike. Enjoy this tool as it enhances your ability to execute timely, well-informed trades on TradingView.
Pine Script™ indicator
by bullhead0593
Buyer & Seller Strength EstimatorCreating a buyer and seller strength indicator based on order flow data involves analyzing volume, bid/ask imbalances, or volume at price levels. However, in TradingView, access to raw order flow data (like bid/ask volume or depth of market) is limited. TradingView mainly provides data on volume per bar, so true order flow analysis—common in specialized software like Sierra Chart or NinjaTrader—is restricted. Instead, I can create a script that estimates buyer and seller strength based on price and volume movements. This approximation can use metrics like Volume Delta (the difference between up-volume and down-volume) and identify momentum to infer which side might be stronger. Here's a Pine Script that does this:
Pine Script™ indicator
by RajeshRS1819
6 Candle Rule Indicator BetaThe "6 Candle Rule" is a method used to identify trend reversals in price action by observing specific sequences of candlestick patterns over a span of six candles. Here's a quick breakdown: 1. **Sequence Analysis**: It involves looking at sequences of bullish (up) and bearish (down) candles over a six-candle period. 2. **Bullish Trend Reversal**: If, within those six candles, there are two consecutive bullish candles, then two bearish candles, followed by two more bullish candles, it signals a potential uptrend. 3. **Bearish Trend Reversal**: Conversely, if there are two consecutive bearish candles, then two bullish candles, followed by two more bearish candles, it signals a potential downtrend. This pattern helps traders identify potential shifts in market direction by capturing the transitional movements that indicate a reversal of an existing trend.
Pine Script™ indicator
by vitalijhein
Previous Day High and Low + Separators Daily/Weekly RTHDescription: This script displays the high and low points from the previous trading day along with daily and weekly separators. It is designed to help traders quickly identify critical price levels and session breaks, which can provide insights into support and resistance zones based on past trading behavior. Functionality and Usage Previous Day High/Low: This indicator captures and marks the high and low of the previous day’s regular trading hours (RTH) and extends these lines into the current trading day. This allows traders to monitor how current prices interact with these previous levels, which often serve as key areas of support and resistance. Daily/Weekly Separators: Daily Separator: Marks the start of each new trading day with a vertical line. Users can customize the line color, width, and style (solid or dotted). The script also places labels showing the day of the week and date at the bottom of each separator for better readability. Weekly Separator: Marks the start of each new trading week with a distinct vertical line to help traders quickly identify weekly sessions and evaluate price trends or consolidations over the week. This indicator allows customization of colors and styles for the daily and weekly separators, as well as the previous day's high and low lines. It plots on a clean chart to avoid clutter and ensure clarity for quick reference and trading analysis. Technical Specifications Regular Trading Hours (RTH) Customization: The script includes adjustable RTH start and end times. The default values are set to 9:30 AM and 4:00 PM (local time). UTC Offset: Traders can set a UTC offset to adapt the script to different time zones for accuracy in marking session changes. Pivot Levels: This indicator automatically adjusts the pivot levels based on the chart’s timeframe, providing contextually relevant levels for intraday, daily, or weekly use. Limitations and Considerations Intended for Daily and Intraday Analysis: This script is best suited for daily and intraday trading due to its focus on previous day/session highs and lows. It may be less relevant for longer-term strategies. Static Reference Lines: The previous day's high and low lines are static references, designed to remain at their initial values and only update at the start of a new day. The lines are not predictive and should be used alongside other indicators or strategies. This script provides essential market structure information without replicating other public domain indicators. It uses clearly defined, original logic and avoids lookahead functions or unsupported data accesses. The combination of previous high/low levels and separators offers traders a straightforward yet powerful tool for tracking important price zones.
Pine Script™ indicator
by wesget183
Imbalance Finder (DTC Company)Imbalance Finder (DTC Company)An In-Balance Indicator (IBI) is a technical analysis tool used in financial markets, particularly in trading and investing. It is designed to help identify when an asset's price movement is becoming excessively one-sided, indicating potential exhaustion of the current trend or the need for a change. Here's how it works: Description: The In-Balance Indicator plots two lines on a chart: the Balance Line and the Offset Line. The Balance Line represents the difference between the demand (buying) volume and the supply (selling) volume at each price level, while the Offset Line is an offset of the Balance Line by a specified percentage (usually 50%). Interpretation: The intersection of these two lines serves as a warning sign for potential market imbalances. When the Balance Line crosses below the Offset Line, it indicates that buying pressure has diminished, and selling volume may be increasing, potentially leading to a price decline. Conversely, when the Balance Line rises above the Offset Line, it suggests that buying momentum is growing stronger, possibly signaling a price upswing. Key aspects: Balance: This term refers to the equilibrium between demand (buying) and supply (selling) volumes at each price level. Offset Line: The offset value represents a percentage of the Balance Line (usually 50%), which creates an envelope for the balance line, helping to visually highlight potential imbalances. Cross-over points: When these lines intersect, they signal potential changes in market sentiment and momentum. Indications: Overbought/oversold conditions: Excessive divergence between the Balance Line and the Offset Line may indicate overbought or oversold situations, potentially leading to price corrections. Trend exhaustion: The IBI can help identify when a trend is approaching its limit, making it a useful tool for traders and investors looking to adjust their strategies. Limitations: While the In-Balance Indicator provides valuable insights into market sentiment and potential imbalances, it should not be used in isolation. Combine it with other technical analysis tools and fundamental analysis to form a well-rounded perspective on market trends. Trading strategy implications: When trading based on the IBI signals: Short-term traders: Focus on using these signals as confirmation for existing trades, rather than the sole reason for entering or exiting positions. Long-term investors: Consider using the In-Balance Indicator to identify potential shifts in market trends, which can inform investment decisions over longer time frames. Conclusion: The In-Balance Indicator is a useful tool for traders and investors looking to gauge market sentiment and potential imbalances. By understanding how this indicator works and combining it with other analysis tools, you'll be better equipped to make informed trading or investment decisions.
Pine Script™ indicator
by wingertjp
Economic Profit (YavuzAkbay)The Economic Profit Indicator is a Pine Script™ tool for assessing a company’s economic profit based on key financial metrics like Return on Invested Capital (ROIC) and Weighted Average Cost of Capital (WACC). This indicator is designed to give traders a more accurate understanding of risk-adjusted returns. Features Customizable inputs for Risk-Free Rate and Corporate Tax Rate assets for people who are trading in other countries. Calculates Economic Profit based on ROIC and WACC, with values shown as both plots and in an on-screen table. Provides detailed breakdowns of all key calculations, enabling deeper insights into financial performance. How to Use Open the stock to be analyzed. In the settings, enter the risk-free asset (usually a 10-year bond) of the country where the company to be analyzed is located. Then enter the corporate tax of the country (USCTR for the USA, DECTR for Germany). Then enter the average return of the index the stock is in. I prefer 10% (0.10) for the SP500, different rates can be entered for different indices. Finally, the beta of the stock is entered. In future versions I will automatically pull beta and index returns, but in order to publish the indicator a bit earlier, I have left it entirely up to the investor. How to Interpret We see 3 pieces of data on the indicator. The dark blue one is ROIC, the dark orange one is WACC and the light blue line represents the difference between WACC and ROIC. In a scenario where both ROIC and WACC are negative, if ROIC is lower than WACC, the share is at a complete economic loss. In a scenario where both ROIC and WACC are negative, if ROIC has started to rise above WACC and is moving towards positive, the share is still in an economic loss but tending towards profit. A scenario where ROIC is positive and WACC is negative is the most natural scenario for a company. In this scenario, we know that the company is doing well by a gradually increasing ROIC and a stable WACC. In addition, if the ROIC and WACC difference line goes above 0, the company is now economically in net profit. This is the best scenario for a company. My own investment strategy as a developer of the code is to look for the moment when ROIC is greater than WACC when ROIC and WACC are negative. At that point the stock is the best time to invest. Trading is risky, and most traders lose money. The indicators Yavuz Akbay offers are for informational and educational purposes only. All content should be considered hypothetical, selected after the facts to demonstrate my product, and not constructed as financial advice. Decisions to buy, sell, hold, or trade in securities, commodities, and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results. This indicator is experimental and will always remain experimental. The indicator will be updated by Yavuz Akbay according to market conditions.
Pine Script™ indicator
by YavuzAkbay
Inside Bar with Swing PointsSwing Points with Inside Bar This script combines swing point analysis with an inside bar pattern visualization, merging essential concepts to identify and visualize key price levels and potential trend reversals. This is especially useful for traders looking to understand price action through swing levels and reactions within inside bar boundaries, making it effective for short-term trend analysis and reversal zone identification. Script Features: Swing Point Analysis: The script identifies swing points based on fractals with a configurable number of bars, allowing for a choice between three and five bars, helping traders fine-tune sensitivity to price movements. Swing points are visualized as labels, highlighting potential reversal or continuation zones in the price chart. Inside Bar Visualization: Inside bars are defined as bars where both the high and low are contained within the previous bar. These often signal consolidation before a potential breakout. The script displays boundaries of the mother bar (the initial bar encompassing inside bars) and colors candles accordingly, highlighting those within these boundaries. This feature helps traders focus on price areas where a breakout or trend shift may occur. Utility and Application: The script enables traders to visualize inside bars and swing points, which is particularly useful for short-term traders focused on reversal or trend continuation strategies. Combining swing point analysis with inside bar identification offers a unique approach, helping traders locate key consolidation zones that may precede significant price moves. This provides not only strong support and resistance levels but also insights into probable breakout points. How to Use the Script: Set the number of bars for swing point analysis (3 or 5) to adjust fractal sensitivity. Enable mother bar boundary visualization and color indication for inside bars to easily spot consolidation patterns. Pay attention to areas with multiple swing points and inside bars, as these often signal potential reversal or breakout zones. This script offers flexible tools for analyzing price movements through both swing analysis and consolidation zone identification, aiding decision-making under uncertainty and enhancing market structure understanding.
Pine Script™ indicator
by EK39
RANDI RONEDISCLAIMER This indicator is not promoting scalping related activities and give financial advise to buy or sell. This indicator is made for educational purpose only which gives the idea about the trend based on strength. This script is provided for educational purposes only and is not intended as financial advice. It serves as a tool for analyzing historical price movements but does not guarantee profitability or predict future price trends. Trading involves significant risk, and you should only trade with capital you can afford to lose. Always conduct thorough research and consult a qualified financial advisor before engaging in trading. Strategy Explanation The RANDI RONE indicator combines the Relative Strength Index (RSI) and Bollinger Bands to identify potential trend zones based on customizable timeframes. It highlights these zones on the chart background. It helps to throw some lights on that area where trend is at early stage. Customization Options The script offers flexibility in timeframe selection for RSI and Bollinger Bands and customizable thresholds for both buy and sell conditions. This versatility enables users to adjust settings according to various market conditions or trading styles. By integrating RSI and Bollinger Bands across multiple timeframes, this indicator is designed to capture significant market movements and offer actionable insights based on price momentum and volatility.
Pine Script™ indicator
by animeshrajak5555