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Range Expansion Index (REI)Introduction and History I'm sharing an indicator today that I have developed: the Range Expansion Index (REI). This powerful oscillator was developed by the renowned technical analyst Thomas DeM., known for his unique approach to market timing and price exhaustion. The REI was introduced as part of his comprehensive suite of technical tools, detailed in his influential work, such as "The New Science of Technical Analysis." DeM. designed the REI to be a more refined momentum oscillator. His goal was to create an indicator that could accurately reflect the underlying strength or weakness of price movements while minimizing the false signals often generated by traditional oscillators during sideways or choppy markets. The REI achieves this by focusing on significant price expansions and contractions, comparing recent price behavior to the overall price changes over a specified lookback period. You can find more information and the basis for this indicator here: QuantifiedStrategies: www.quantifiedstrategies.com Infront Help Center: infront-portfolio-manager.helpcenter.infront.co How the REI Works The core of the REI's calculation lies in identifying and quantifying "strong" price changes within a given period (typically 8 bars). It does this by evaluating specific price relationships and conditions between current and past bars. The indicator then computes a ratio comparing the sum of these "strong" price changes to the sum of the absolute total price changes over the lookback period, scaling the result to oscillate between -100 and +100. The key levels for interpreting the REI are generally: +60: Overbought Zone -60: Oversold Zone Unlike oscillators that might simply signal overbought/oversold upon entering these zones, the REI's interpretation, according to DeM., often focuses on the exit from these extreme areas. Traditional Trading Signals Based on DeM.'s methodology and the descriptions in the provided links, the primary trading signals generated by the REI occur when the indicator crosses back from an extreme zone: Sell Signal: The REI moves above the +60 level and then crosses back down below +60. This suggests potential price weakness after a period of strong upward momentum. Buy Signal: The REI moves below the -60 level and then crosses back up above -60. This indicates potential price strength after a period of strong downward momentum. Duration Analysis: An Optional Signal Filter The QuantifiedStrategies link highlights the concept of "Duration Analysis," suggesting that the amount of time (number of bars) the REI spends in the overbought or oversold region can add crucial context. A brief stay might precede a reversal, while a prolonged stay could indicate a strong, persistent trend. The indicator incorporates this concept as an optional filter. You can enable this feature and specify a number of bars. When enabled, a buy or sell signal will only be triggered if the REI crosses the respective overbought/oversold level AND the duration of the REI being in that extreme zone precisely matches the number of bars you specify in the input settings. Indicator Features in This Pine Script The Pine Script code I have developed provides a comprehensive implementation of the REI with additional trading utilities: REI Calculation: Implements the core REI formula based on conditional price changes and summations over a defined period. Configurable REI Period: Easily adjust the main lookback period for the REI calculation. Customizable Lookback Parameters: Fine-tune the specific lookback periods used in the internal conditions (n1L, n2L, n3L) as described in the calculation method. Plotting: Displays the REI line in a separate pane, along with horizontal lines at +60 (Overbought), -60 (Oversold), and 0 (Zero Line) for clear visual analysis. Configurable Alerts: Set up Buy and Sell alerts that trigger when the REI crosses the +60/-60 levels. Control global alert enabling, and specifically enable/disable Buy and Sell alerts. Plot Shapes for Signals: Optionally display visual triangle shapes directly on the price chart (red triangle down for Sell above the bar, green triangle up for Buy below the bar) to easily spot signal occurrences. Control global shape enabling and specifically enable/disable Buy/Sell shapes. Optional Duration Analysis Filter: Activate a filter that requires the REI to have spent an exact number of consecutive bars in the overbought/oversold zone at the moment of the cross for a signal to be considered valid. Configure the required number of bars. How to Use This Code in TradingView Open TradingView and navigate to the Pine Editor (usually the icon on the left sidebar or via the bottom panel). Delete any existing code in the editor and paste the REI code. Save the script (you can name it "Range Expansion Index with Duration Filter" or similar). Add the indicator to your chart by clicking the "Add to Chart" button in the Pine Editor. Access the indicator's settings on your chart to adjust the REI Period, Lookbacks, and enable/disable Alerts, Plot Shapes, and the optional Duration Filter (including setting the number of bars). To receive actual notifications: You must set up alerts manually through the TradingView platform's alert system (right-click on the indicator -> Add alert on Range Expansion Index (REI)...). Select the specific conditions "REI Sell Signal" or "REI Buy Signal" from the dropdown menu and configure your desired notification methods (popup, email, etc.). Disclaimer: Trading financial markets involves risk, and past performance is not indicative of future results. This indicator is a tool for analysis and should be used as part of a comprehensive trading strategy, always combined with other techniques and proper risk management. Always conduct your own research and backtest the indicator to understand its behavior on the markets and timeframes you trade.
Pine Script® indicator
by DavideMelone
Ichimoku Tek Çizgi Trend Açıklama (Komut Dosyasını Açıkla): This indicator aims to analyze the market direction through a single trend line by simplifying the basic components of the Ichimoku Kinko Hyo system. It reduces the complexity of the classic Ichimoku Cloud, providing traders with clearer and more understandable trend following. TradingView +1 TradingView +1 TradingView +1 TradingView +1 📌 Highlights: A single trend line (kumoMid) created by averaging the upper and lower limits of the Ichimoku Cloud Color changes depending on whether the price is above or below this line: Green: Uptrend Red: Downtrend Gray: Neutral or uncertain User-adjustable parameters: Conversion Line Length Base Line Length Leading Span B Length Displacement 🔧 Purpose of Use: This indicator offers investors a simple and effective trend-following tool, while preserving the basic principles of the Ichimoku system. It is especially ideal for those who want to avoid complex indicators. 💡 Note: This indicator does not constitute investment advice. It is important to take your own analysis and strategies into consideration when making your investment decisions. tratejilerinizi dikkate almanız önemlidir.
Pine Script® indicator
by ercanqq
本物Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Pine Script® indicator
by palanikb6
QueenMarket SessionsQueenMarket Sessions – by @Queen_Trader66 👑 QueenMarket Sessions is a complete tool for traders who want to clearly visualize the main market sessions (Asia, London, New York) as well as advanced information: volume, delta, open interest, TPO profiles, and forecasts. It is designed for simple, efficient, no-complex setup use. Perfect for scalping, day trading, swing trading on Forex, indices, crypto. ⚠️ Note: the watermark text is white (top right). If you use a white background, it will not be visible. This script is designed for dark-themed charts. Dark Style ! 🎨 Main Features: ✅ Session boxes Each session (Asia, London, New York) is shown as a colored box with Europe/Paris time settings. ✅ Pre-market and Post-market zones Dashed boxes show pre-market and post-market times before and after the official session. ✅ TPO Profile A TPO profile is generated for each session: either as letters (classic mode) or as bars (alternative mode). It shows price levels where the market spent the most time. ✅ Session projection A box or line (user choice) projects the possible price evolution for the rest of the session. The projection can be adjusted by volatility using ATR. ✅ Naked POC (long red line) The long horizontal red line shows the Point of Control (POC) from a previous session that has not yet been tested (= Naked POC). It disappears automatically once the price touches it. ✅ Volume delta Shows the difference between buy and sell volumes for the current session. ✅ Binance Open Interest (Crypto) Displays Binance Open Interest change: increase = new positions decrease = closed positions. ✅ Total Volume and Range Displays: total session volume price range (high to low) of the session. 📝 How to use: Session zones: know when each market is active TPO: identify acceptance/rejection zones Projection: anticipate the potential price area Naked POC: track key price attraction levels Delta / Volume / Open Interest: measure buyer/seller strength. QueenMarket Sessions is a decision support tool, it does not give buy/sell signals but helps you spot optimal market conditions. 👉 For precise gold analysis, follow me and happy trading to all! 👑
Pine Script® indicator
by Queen_Trader66
2
BTC Mining Income Oscillator Z-ScoreBTC Mining Income Oscillator (Z-Score) Overview The BTC Mining Income Oscillator (Z-Score) is a custom technical indicator that analyzes Bitcoin mining income to help traders identify overbought and oversold conditions. The indicator uses a Z-Score to track deviations in mining income, highlighting periods of high or low mining profitability. This indicator is made up of: Z-Score Line (Blue): Measures how far the current mining income deviates from its historical mean. Mining Income Oscillator (Orange): A scaled value of mining income that oscillates within a specific range to indicate overbought and oversold conditions. How the Indicator Works 1. Mining Income Calculation The BTC Mining Income is determined using two main factors: Block Reward: The number of BTC miners earn for each block mined (currently 3.125 BTC, adjustable in settings). Transaction Fees: The average transaction fees per block (default is 0.3 BTC). Blocks per Day: The number of blocks mined per day (default is 144). The daily mining income in BTC is calculated as: Mining Income = ( Block Reward + Transaction Fees ) × Blocks per Day Mining Income=(Block Reward+Transaction Fees)×Blocks per Day This value is then converted to USD by multiplying it by the current Bitcoin price. 2. Z-Score Calculation The Z-Score measures how far the current mining income deviates from its mean over a set period (default is 90 days). The Z-Score helps identify when mining income is unusually high or low: A high Z-Score indicates that the mining income is significantly above the historical mean, signaling overbought conditions. A low Z-Score indicates that the mining income is significantly below the historical mean, signaling oversold conditions. The Z-Score is calculated as follows: Z-Score = ( Current Mining Income − Mean Income ) Standard Deviation Z-Score= Standard Deviation (Current Mining Income−Mean Income) ​ The result is then smoothed over a period (default is 5) to reduce noise and provide a more stable value. 3. Mining Income Oscillator The mining income is scaled to oscillate between +20 and +90. This oscillation makes it easy to track overbought and oversold conditions in the market: Values between 85 and 90 indicate overbought conditions (high mining profitability). Values between 20 and 22 indicate oversold conditions (low mining profitability). Values between 22 and 85 indicate neutral conditions, where mining profitability is normal. The mining income oscillator helps traders spot extreme conditions (overbought or oversold) in mining profitability. How to Read the Indicator 1. Z-Score Line (Blue) The Z-Score represents how far current mining income is from the historical average. Above +2: The mining income is unusually high, indicating an overbought market. Below -2: The mining income is unusually low, indicating an oversold market. Between -2 and +2: This range is neutral, where the mining income is within the average historical range. 2. Mining Income Oscillator (Orange) The Mining Income Oscillator is scaled between 20 and 90. 85–90: Overbought conditions, indicating high mining profitability. 20–22: Oversold conditions, indicating low mining profitability. 22–85: Neutral conditions, indicating moderate mining profitability. 3. Background Shading Red Shading (85–90): Indicates overbought conditions (mining income is unusually high). Green Shading (20–22): Indicates oversold conditions (mining income is unusually low). The shaded regions provide a visual guide to spot periods when the market is overbought or oversold. 4. Key Horizontal Lines 0 Line: Represents the neutral level for the Z-Score, where the mining income is at the historical mean. +2 and -2 Lines: Indicate overbought and oversold conditions for the Z-Score. 90 and 20 Lines: Indicate the upper and lower bounds for the mining income oscillator. Where the Data Comes From Bitcoin Price: The current Bitcoin price is pulled directly from the chart. Block Reward and Transaction Fees: These values are set manually by the user or can be updated dynamically. Mining Income: Calculated based on the block reward, transaction fees, and current Bitcoin price. Z-Score and Oscillator Calculations: Both are calculated based on mining income in USD over a defined look-back period. Best Timeframe for This Indicator This indicator is designed to work best on the 2-day chart (2D) timeframe. On the 2-day chart, the mining income data, Z-Score, and the oscillator are less sensitive to noise and short-term volatility, providing more reliable signals. While it can be used on other timeframes, the 2-day chart offers the clearest and most stable analysis.
Pine Script® indicator
by simonweisser_business
TruePSPTruePSP V2🟢 – Precision Swing Points with True Opens TruePSP is an advanced trading indicator that combines Precision Swing Point (PSP) candles with institutional reference levels known as True Opens, providing traders with a powerful lens to view price action through the eyes of Smart Money. 🔍 What is a PSP? A PSP (Precision Swing Point) is a candle that forms when there's a crack in correlation between tightly linked indices—like NQ, ES, and YM. When one asset closes in a direction against the others, it reveals a potential displacement in sentiment, suggesting an early reversal or liquidity shift. This makes PSPs: Highly effective for anticipating market turning points Strong confirmation tools for SMT/SSMT divergences Useful in filtering low-probability setups 📐 Powered by True Opens TruePSP integrates key True Open levels used by institutions to gauge premium vs. discount zones: TSO – True Session Open TDO – True Day Open TWO – True Week Open TMO – True Month Open These levels help you: Frame price in time-contextual zones Identify where Smart Money is most likely active Avoid chasing price in inefficient areas ⚙️ Features: Detects PSPs through cross-asset correlation break logic Plots True Opens to define trading bias zones Enhances SMT/SSMT-based strategies Useful across all timeframes Designed for precision entries, exits, and bias ⚠️ To keep the PSP candle colors visible when other indicators overlap: Right-click on the PSP candle Select Visual Order Click Send to Back This will place the candle color beneath price and indicator overlays while still being visible on the chart. TruePSP helps you trade with timing, structure, and confidence—where precision meets power.
Pine Script® indicator
by Real_Morpheus
TruePSPTruePSP – Precision Swing Points with True Opens TruePSP is an advanced trading indicator that combines Precision Swing Point (PSP) candles with institutional reference levels known as True Opens, providing traders with a powerful lens to view price action through the eyes of Smart Money. 🔍 What is a PSP? A PSP (Precision Swing Point) is a candle that forms when there's a crack in correlation between tightly linked indices—like NQ, ES, and YM. When one asset closes in a direction against the others, it reveals a potential displacement in sentiment, suggesting an early reversal or liquidity shift. This makes PSPs: Highly effective for anticipating market turning points Strong confirmation tools for SMT/SSMT divergences Useful in filtering low-probability setups 📐 Powered by True Opens TruePSP integrates key True Open levels used by institutions to gauge premium vs. discount zones: TSO – True Session Open TDO – True Day Open TWO – True Week Open TMO – True Month Open These levels help you: Frame price in time-contextual zones Identify where Smart Money is most likely active Avoid chasing price in inefficient areas ⚙️ Features: Detects PSPs through cross-asset correlation break logic Plots True Opens to define trading bias zones Enhances SMT/SSMT-based strategies Useful across all timeframes Designed for precision entries, exits, and bias ⚠️ To keep the PSP candle colors visible when other indicators overlap: Right-click on the PSP candle Select Visual Order Click Send to Back This will place the candle color beneath price and indicator overlays while still being visible on the chart. TruePSP helps you trade with timing, structure, and confidence—where precision meets power.
Pine Script® indicator
by Real_Morpheus
K1 - Quarterly Theory Primary Price LevelsThe K1 indicator was designed to clearly identify the primary price levels (“PPLs”) associated with Quarterly Theory (“QT”). QT was originally created by Traderdaye. Traderdaye was inspired by the Inner Circle Trader. The PPLs identified by the K1 indicator are as follows: Prior week high (PWH) Prior week low (PWL) Prior day high (PDH) Prior day low (PDL) True day open (000) London open (130) Q3 daily open (600) New York AM open (730) New York PM open (130) True week open (TWO) Consequent encroachment daily wick (C.E. D) Consequent encroachment 12H wick (C.E. 12H) The PPLs and other QT core concepts such as sequential smart money technique (“SSMT), precision swing point (“PSP”) and terminus price divergence (“TPD”) are used together by QT traders to refine and execute trade setups. TPD is a concept originally created by Jacob Speculates.
Pine Script® indicator
by Kohtrade
Disparity Index with Volatility ZonesDisparity Index with Volatility Zones is a momentum oscillator that measures the percentage difference between the current price and its simple moving average (SMA). This allows traders to identify overbought/oversold conditions, assess momentum strength, and detect potential trend reversals or continuations. 🔍 Core Concept: The Disparity Index (DI) is calculated as:   DI = 100 × (Price − SMA) / SMA A positive DI indicates the price is trading above its moving average (potential bullish sentiment), while a negative DI suggests the price is below the average (potential bearish sentiment). This version of the Disparity Index introduces a dual-zone volatility framework, offering deeper insight into the market's current state. 🧠 What Makes This Version Unique? 1. High Volatility Zones When DI crosses above +1.0% or below –1.0%, it often indicates the start or continuation of a strong trend. Sustained readings beyond these thresholds typically align with trending phases, offering opportunities for momentum-based entries. A reversal back within ±1.0% after exceeding these levels can suggest a shift in momentum — similar to how RSI exits the overbought/oversold zones before reversals. These thresholds act as dynamic markers for breakout confirmation and potential trend exhaustion. 2. Low Volatility Zones DI values between –0.5% and +0.5% define the low-volatility zone, shaded for visual clarity. This area typically indicates market indecision, sideways price action, or consolidation. Trading within this range may favor range-bound or mean-reversion strategies, as trend momentum is likely limited. The logic is similar to interpreting a flat ADX, tight Bollinger Bands, or contracting Keltner Channels — all suggesting consolidation. ⚙️ Features: Customizable moving average length and input source Adjustable thresholds for overbought/oversold and low-volatility zones Optional visual fill between low-volatility bounds Clean and minimal chart footprint (non-essential plots hidden by default) 📈 How to Use: 1. Trend Confirmation: A break above +1.0% can be used as a bullish continuation signal. A break below –1.0% may confirm bearish strength. Long periods above/below these thresholds support trend-following entries. 2. Reversal Detection: If DI returns below +1.0% after exceeding it, bullish momentum may be fading. If DI rises above –1.0% after falling below, bearish pressure may be weakening. These shifts resemble overbought/oversold transitions in oscillators like RSI or Stochastic, and can be paired with divergence, volume, or price structure analysis for higher reliability. 3. Sideways Market Detection: DI values within ±0.5% indicate low volatility or a non-trending environment. Traders may avoid breakout entries during these periods or apply range-trading tactics instead. Observing transitions out of the low-volatility zone can help anticipate breakouts. 4. Combine with Other Indicators: DI signals can be enhanced using tools like MACD, Volume Oscillators, or Moving Averages. For example, a DI breakout beyond ±1.0% supported by a MACD crossover or volume spike can help validate trend initiation. This indicator is especially powerful when paired with Bollinger Bands: A simultaneous price breakout from the Bollinger Band and DI moving beyond ±1.0% can help identify early trend inflection points. This combination supports entering positions early in a developing trend, improving the efficiency of trend-following strategies and enhancing decision-making precision. It also helps filter false breakouts when DI fails to confirm the move outside the band. This indicator is designed for educational and analytical purposes and works across all timeframes and asset classes. It is particularly useful for traders seeking a clear framework to identify momentum strength, filter sideways markets, and improve entry timing within a larger trading system.
Pine Script® indicator
by fly_high_
1
Session Stats + (dc_77)The "Session Stats + (dc_77)" indicator is a Pine Script tool designed to analyze trading sessions by plotting key price levels and statistical metrics. It displays a session's open price, manipulation levels (mean and median price movements), and distribution levels based on historical session data, with customizable time zones and session times. Users can toggle projections for 1-hour, 4-hour, daily, weekly, and monthly timeframes, showing average manipulation and distribution distances from the session open. Visual elements like shaded areas, labeled lines, and a vertical anchor line enhance readability, with options to filter data by day of the week. Alert conditions are included to notify users when the price crosses significant levels, such as the session open or manipulation/distribution thresholds.
Pine Script® indicator
by dc_77
Candle % Move Highlighter (Up/Down)Candle % Move Highlighter (Up/Down with Labels) This indicator highlights candles that move up or down by a specific percentage from their open price. 🔹 Key Features: Highlight candles that move up or down by a user-defined %. Set separate thresholds for up moves and down moves. Choose to show only up, only down, or both types of candles. Optional triangle markers above or below highlighted candles. % Move labels shown directly on the chart above (or below) the candle. 💡 Use this to: Spot strong momentum candles. Identify breakout or breakdown moves. Visually monitor extreme price movement days. Customize thresholds and display options from the settings panel.
Pine Script® indicator
by rehmanity
Volume candle intraday 90% valid - with alertThe candle with the highest volume of the day and that creates a new daily high or low. - Only usable on M15 timeframes; - You can set a range of bars (from the beginning of the day) to ignore; - "90% valid" means a candle with volume greater than 90% of the last candle with the highest volume of the day (in the script you can change the percentage of valid volumes to define the candle volume, replacing all the "90" with the desired percentage); - Long volumes are compared to longs and short volumes are compared to shorts; - Script created with ChatGpt; The psychology behind this pattern is the following: on the daily high/low, a lot of volumes will enter in a short time, either by absorption: buyers or sellers enter en masse following the trend when it is too late; or by exhaustion: buyers or sellers who entered en masse and late have no more strength to continue pushing the price, they cause a volume peak to buy/sell as much as they could, then their enemies take over forming a high/low). Happy trading everyone! :) ################################################################################### La candela con il volume più alto della giornata e che crea un nuovo massimo o minimo giornaliero. - Utilizzabile solo su timeframe M15; - Si può impostare un range di barre(da inizio giornata) da ignorare; - "90% valida" sta per candela con volume superiore del 90% dell'ultima candela con volume più alto della giornata(nello script si può cambiare percentuale di volumi validi per definire candela volume, sostituendo tutti i "90" con la percentuale desiderata); - I volumi long vengono confrontati con i long e i volumi short con gli short; - Script creato con ChatGpt; La psicologia dietro questo pattern è la seguente: sul massimo/minimo giornaliero entreranno tanti volumi in breve tempo, sia per assorbimento: buyers o sellers entrano in massa seguendo il trend quando è troppo tardi; sia per esaurimento: buyers o sellers entrati in massa e in ritardo non hanno più forza per continuare a spingere il prezzo, causano un picco volumetrico per comprare/vendere più che potevano, quindi i loro nemici prendono il sopravvento formando un massimo/minimo). Buon trading a tutti! :)
Pine Script® indicator
by Hermes37