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Relative Momentum Rotation [CHE] Relative Momentum Rotation โ€” Ranks assets by multi-horizon momentum for guided rotational selection with regime overlay Summary This indicator evaluates a universe of assets using a blended momentum measure across three time horizons, then ranks them to highlight top performers for potential portfolio rotation. It incorporates a regime filter to contextualize signals, tinting the background to indicate favorable or unfavorable market conditions and labeling transitions for awareness. By focusing on relative strength within a selectable universe, it helps identify leaders without relying on absolute thresholds, reducing noise from isolated trends and promoting disciplined asset switching. Motivation: Why this design? Traders often struggle with momentum signals that perform unevenly across market phases, such as overreacting in volatile periods or lagging in steady uptrends, leading to suboptimal rotations in multi-asset portfolios. The core idea of relative momentum rotation addresses this by comparing assets head-to-head within a defined group, blending short- and long-term changes to capture sustained strength while a regime overlay adds a macro layer to avoid fighting broader trends. This setup prioritizes peer-relative outperformance over standalone measures, aiding consistent selection in rotational strategies. Whatโ€™s different vs. standard approaches? - Reference baseline: Traditional rate-of-change indicators track absolute price shifts over a single window, which can generate whipsaws in sideways markets or miss cross-asset opportunities. - Architecture differences: - Blends three distinct horizons into one composite score for a fuller momentum picture, rather than isolating one period. - Applies ranking across a customizable universe (e.g., crypto or tech stocks) to emphasize relatives, not absolutes. - Integrates a simple regime check via moving average crossover on a reference symbol, gating selections without overcomplicating the core logic. - Outputs a dynamic table for visual ranking, plus subtle visual cues like background tints, instead of cluttered plots. - Practical effect: Charts show clearer hierarchy among assets, with regime tints providing at-a-glance contextโ€”top ranks stand out more reliably in bull regimes, helping traders focus rotations without constant recalibration. How it works (technical) The indicator starts by assembling a list of symbols from the selected universe, including only those marked as active to keep the group focused. For each symbol, it gathers change rates over three specified horizons on a higher timeframe, blends them using user-defined weights (automatically normalized if they do not sum to one), and computes a single composite score. Scores are then ranked to select the top performers up to a set number, forming a rotation candidate list. To add context, a regime state is determined by comparing the reference symbol's price to its moving average on daily barsโ€”above signals a positive environment, below a negative one, with an option to invert this logic. The current chart's symbol is checked against the top list for inclusion status. All higher-timeframe data pulls are set to avoid lookahead bias, though updates may shift slightly until bars close. Persistent variables track the table state and prior regime to handle redraws efficiently, ensuring the display rebuilds only when the selection count changes. Parameter Guide Universe โ€” Switches between predefined crypto or US-tech symbol sets for ranking peers. Default: Crypto. Trade-offs/Tips: Crypto for volatile assets; US-Tech for equitiesโ€”match to your portfolio to avoid mismatched volatility. Include Symbol 1โ€“12 โ€” Toggles individual symbols in the universe on or off. Default: Varies (true for top 10, false for extras). Trade-offs/Tips: Start with defaults for a balanced group; disable laggards to sharpen focus, but keep at least 5โ€“8 for robust ranking. Scoring Timeframe โ€” Sets the aggregation period for momentum changes (e.g., monthly bars). Default: Monthly. Trade-offs/Tips: Monthly for long-term rotation; weekly for faster signalsโ€”increases noise if too short. Weight 12m / 6m / 3m โ€” Adjusts emphasis on long/medium/short horizons in the blend. Default: 0.50 / 0.30 / 0.20. Trade-offs/Tips: Heavier long-term for stability in trends; balance to fit asset classโ€”test sums near 1.0 to avoid auto-normalization surprises. ROC over MA instead of Close โ€” Uses smoothed averages for change rates to reduce chop. Default: False. Trade-offs/Tips: Enable in noisy markets for fewer false tops; adds slight lag, so monitor for delayed rotations. Top N to hold โ€” Limits selections to this many highest-ranked assets. Default: 10. Trade-offs/Tips: Lower for concentrated bets (higher risk/reward); higher for diversificationโ€”align with your position sizing. Mark current symbol if in Top N โ€” Highlights if the chart's asset ranks in the selection. Default: True. Trade-offs/Tips: Useful for self-scanning; disable in multi-chart setups to declutter. Enable Regime Filter โ€” Activates macro overlay using reference symbol. Default: True. Trade-offs/Tips: Core for trend-aware trading; disable for pure momentum plays, but risks counter-trend entries. Regime Symbol โ€” Chooses the benchmark for regime (e.g., broad index). Default: QQQ. Trade-offs/Tips: Broad market proxy like SPY for equities; swap for BTC in crypto to match universe. SMA Length (D) โ€” Sets the averaging window for regime comparison. Default: 100. Trade-offs/Tips: Longer for fewer flips (smoother regimes); shorter for quicker detectionโ€”default suits daily checks. Invert (rare) โ€” Flips the regime logic (price above average becomes negative). Default: False. Trade-offs/Tips: Only if your view inverts the benchmark; test thoroughly as it reverses all tints/labels. Show Ranking Table โ€” Displays the ranked list with scores and regime status. Default: True. Trade-offs/Tips: Essential for selection; position tweaks help on crowded charts. Table X / Y โ€” Places the table on the chart (e.g., top-right). Default: Right / Top. Trade-offs/Tips: Corner placement avoids price overlap; middle for central focus in reviews. Dark Theme โ€” Applies inverted colors for visibility. Default: True. Trade-offs/Tips: Matches most TradingView themes; toggle for light backgrounds without losing contrast. Text Size โ€” Scales table font for readability. Default: Normal. Trade-offs/Tips: Smaller for dense data; larger on big screensโ€”impacts only last-bar render. Background Tint by Regime โ€” Colors the chart faintly green/red based on state. Default: True. Trade-offs/Tips: Subtle cue for immersion; disable if it distracts from price action. Label on Regime Flip โ€” Adds text markers at state changes. Default: True. Trade-offs/Tips: Aids journaling flips; space them by disabling in low-vol periods to cut clutter. Reading & Interpretation The ranking table lists top assets by position, symbol, percentage score (higher indicates stronger blended momentum), and regime statusโ€”green "ON" for favorable, red "OFF" for cautionary. Background shifts to a light teal in positive regimes (suggesting alignment for longs) or pale red in negative ones (hinting at reduced exposure). Flip labels appear as green "Regime ON" above bars or red "Regime OFF" below, marking transitions without ongoing noise. If the current symbol appears in the top rows with a solid score, it signals potential hold or entry priority within rotations. Practical Workflows & Combinations - Trend following: Scan the table weekly on monthly charts for top entrants; confirm with higher highs/lows in price structure before rotating in. Use regime tint as a vetoโ€”skip buys in red phases. - Exits/Stops: Rotate out of bottom-half ranks monthly; tighten stops below recent lows during regime flips to protect against reversals. Pair with volatility filters like average true range for dynamic sizing. - Multi-asset/Multi-TF: Defaults work across crypto/equities on daily+ timeframes; for intraday, shorten scoring to weekly but expect more interim noise. Scale universe size with portfolio countโ€”e.g., top 5 for aggressive crypto rotations. Behavior, Constraints & Performance Signals update on bar close to confirm higher-timeframe data, but live bars may preview shifts from security calls, introducing minor repaint until finalizedโ€”mitigated by non-lookahead settings, though daily regime checks can lag by one session. Arrays handle up to 12 symbols efficiently, with loops capped at selection size; max bars back at 5000 supports historical depth without overload. Resource use stays low, but dense universes on very long charts may slow initial loads. Known limits include sensitivity to universe composition (skewed groups amplify biases) and regime lag at sharp market turns, potentially delaying rotations by a period. Sensible Defaults & Quick Tuning Defaults assume a 10-asset crypto rotation on monthly scoring with balanced weights and QQQ regimeโ€”ideal for intermediate-term equity-like plays. For too-frequent table reshuffles, extend scoring timeframe or weight longer horizons more. If selections feel sluggish, shorten the 3-month weight or enable MA smoothing off. In high-vol environments, raise top N and SMA length for stability; for crypto bursts, drop to weekly scoring and invert regime if using a volatile proxy. What this indicator isโ€”and isnโ€™t This is a selection and visualization tool for momentum-based rotations, layering relative ranks and regime context onto charts to inform asset picks. It is not a standalone systemโ€”pair it with entry/exit rules, position sizing, and risk limits. Nor is it predictive; it reacts to past changes and may underperform in prolonged ranges or during universe gaps. Disclaimer The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved. By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk. Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts. Best regards and happy trading Chervolino Where does it come from, specifically? The principle of โ€œcomposite momentum across multiple horizonsโ€ is common in TAA/rotation strategies. As a documented example: Keller/Butler use a composite 1/3/6/12-month momentum (โ€œ13612Wโ€)โ€”same idea, different windows/weights. Robot Wealth A practical vendor example: EPS Momentum calculates an RMR composite as a weighted mix of 12/6/3/1-month ranks (very close to โ€œ12/6/3โ€). EPS Momentum Related but not identical: StockChartsโ€™ RRG measures the momentum rotation of relative strengthโ€”often mentioned in the same context, but it doesnโ€™t have a fixed โ€œ12/6/3โ€ composite. chartschool.stockcharts.com How is it typically computed? ROC_12 + ROC_6 + ROC_3 (often scaled/weighted), then ranked vs. peers; the rotation periodically holds the top ranks in the portfolio. (Variants use different weights or additionally include 1-monthโ€”see the sources above.) robotwealth.com epsmomentum.com
Pine Scriptยฎ indicator
by chervolino
BTC Confluence Score + Confirmed Signals (12m/1h)This script combines 7 different signals across multiple timeframes (12 min + 1 hour + BTC dominance), then only gives you a BUY or SELL when everything aligns. Itโ€™s designed to filter out fake-outs and help you catch momentum reversals that stick. WHAT ITโ€™S DOING UNDER THE HOOD Timeframes 12 min (fast) โ†’ short-term trigger (RSI, Stoch RSI, volatility) 1 hour (slow) โ†’ trend confirmation (EMA structure, RSI, MACD) BTC Dominance (1 h) โ†’ strength/flow confirmation (is capital rotating into BTC or alts?) This gives you a multi-timeframe confluence, which is what professional traders look for before entering a trade. 2. The 7 โ€œScoreโ€ Ingredients Each bar gets a โ€œscoreโ€ from โ€“7 (super bearish) to +7 (super bullish) based on: # Condition Bullish signal (+1) Bearish signal (โ€“1) 1 RSI (12m) RSI > 50 RSI < 50 2 RSI (1h) RSI > 50 RSI < 50 3 MACD Histogram > 0 Histogram < 0 4 BTC Dominance level > 59.8 % < 59.8 % 5 BTC Dominance trend 3 EMA > 8 EMA 3 EMA < 8 EMA 6 1h EMAs trend 50 EMA > 200 EMA and price > 50 EMA 50 EMA < 200 EMA and price < 50 EMA 7 Volatility (ATR) Current ATR > average (momentum increasing) โ€” The Confluence Score bar at the bottom shows this numerically: ๐Ÿ’š +5 to +7 โ†’ Strong bullish conditions โค๏ธ โ€“5 to โ€“7 โ†’ Strong bearish conditions ๐Ÿฉถ Between โ€“2 and +2 โ†’ Choppy / neutral 3๏ธโƒฃ Confirmed Entry Logic (the clear triangles you see now) Youโ€™ll now see only two real actionable markers: โœ… BUY (Green Triangle Up) Triggered when: Stoch RSI crosses upward on 12 min RSI > 50 (momentum confirmation) MACD histogram > 0 (trend shift) Confluence score โ‰ฅ 4 (default threshold) This means momentum + trend + structure + volume all agree on an upward move. โ†’ Ideal for going long or closing shorts. ๐Ÿšจ SELL (Red Triangle Down) Triggered when: Stoch RSI crosses downward RSI < 50 MACD histogram < 0 Confluence score โ‰ฅ 4 bearish Thatโ€™s your exit / short confirmation. 4๏ธโƒฃ Color Bars (Score Strength) At the bottom of the chart: ๐Ÿ’š Green Bars = full bullish confluence (+5 or more) ๐Ÿ’› Lime/Orange Bars = moderate bullish or early reversal โค๏ธ Red Bars = strong bearish confluence (โ€“5 or less) ๐Ÿฉถ Gray Bars = chop/no edge If you prefer visual simplicity, just use: BUY = Green Triangle appears on green bars SELL = Red Triangle appears on red bars Thatโ€™s your โ€œdouble confirmation.โ€ ๐ŸŽฏ HOW TO TRADE IT โฑ Timeframes Use 12 min for entries (fast scalps or 1โ€“2 hr setups). Confirm direction with the 1 hour timeframe โ€” only trade in that direction. ๐Ÿ’ฐ Entry Playbook Signal What to Do โœ… Green Triangle appears Enter long or scale in. Set stop below recent swing low. ๐Ÿšจ Red Triangle appears Exit long / enter short / scale out. Bars gray or alternating Stay out โ€” market is undecided. ๐Ÿงฎ Min Score Setting Default = 4 (balanced). Raise to 5 for cleaner, fewer signals. Lower to 3 for more aggressive, frequent trades. ๐Ÿ“ฒ Alerts You can now create TradingView alerts using: BUY Confirmed SELL Confirmed Set alert type: โ€œOnce per bar closeโ€ โ€” so you only get notified after confirmation, not mid-bar noise. Y ou now have your own BTC AI Confluence System: Filters all noise from RSI, MACD, EMAs, volatility, and BTC dominance Waits for perfect alignment across multiple timeframes Gives you one simple green (BUY) or red (SELL) signal Lets you scalp 1โ€“2 % moves safely or swing trade confirmations
Pine Scriptยฎ indicator
by LAGirlgonecrypto
Relative Valuation OscillatorRelative Valuation Oscillator (RVO) Description The Valuation_OTC.pine script is a Relative Valuation Oscillator for TradingView that compares the current asset against a reference asset (like Bitcoin, S&P 500, or Gold) to determine if it's relatively overvalued or undervalued. Key Features: 1. Multiple Calculation Methods: Simple Ratio - Compares price ratio deviation from average Percentage Difference - Direct percentage comparison between assets Ratio Z-Score - Statistical measure (standard deviations from mean) Rate of Change Comparison - Compares momentum/performance Normalized Ratio - 0-100 scale centered at zero 2. Customizable Settings: Reference asset selection (default: BTC/USDT) Adjustable lookback period (10-500 bars) Optional smoothing with configurable period Overbought/oversold level thresholds (default: ยฑ1.5) 3. Trading Signals: Overvalued - Oscillator above overbought level (red zone) Undervalued - Oscillator below oversold level (green zone) Neutral - Between thresholds Crossover alerts for key levels Divergence detection (bullish/bearish) 4. Visual Components: Color-coded oscillator line (green when positive, red when negative) Optional signal line for additional smoothing Background shading for valuation zones Information table showing current metrics and status Shape markers for crossovers and divergences 5. Alert Conditions: Overvalued/undervalued alerts Zero-line crossovers Divergence signals This indicator is useful for pairs trading, relative strength analysis, and identifying when an asset is trading at extremes relative to a benchmark asset.
Pine Scriptยฎ indicator
by dragos_cocos_dev
Dynamic ~ CVDDynamic - CVD is a smart, time-adaptive version of the classic Cumulative Volume Delta (CVD) indicator, designed to help traders visualize market buying and selling pressure across all timeframes with minimal manual tweaking. Overview Cumulative Volume Delta tracks the difference between buying and selling volume during each bar. It reveals whether aggressive buyers or sellers dominate the market, offering deep insight into real-time market sentiment and underlying momentum. This version of CVD automatically adjusts its EMA smoothing length based on your selected timeframe, ensuring optimal sensitivity and consistency across intraday, daily, weekly, and even monthly charts. Features Dynamic EMA Length โ€” Automatically adapts smoothing parameters based on the chart timeframe: 1โ€“59โ€ฏmin โ†’ 50 1โ€“23โ€ฏh โ†’ 21 Daily & Weekly โ†’ 100 Monthly โ†’ 10 CVD Visualization โ€” Displays cumulative delta to show the ongoing buying/selling imbalance. CVDโ€‘EMA Curve โ€” Offers a clear trend signal by comparing the CVD line with its EMA. Adaptive Color Logic โ€” EMA curve changes color dynamically: Green when CVDโ€ฏ>โ€ฏEMA (bullish pressure) Gray when CVDโ€ฏ<โ€ฏEMA (bearish pressure) How to Use Use Dynamicโ€ฏ- โ€ฏCVD to gauge whether the market is accumulating (net buying) or distributing (net selling). When CVD rises above its EMA, it often signals consistent buying pressure and potential bullish continuation. When CVD stays below its EMA, it highlights sustained selling pressure and possible weakness. The dynamic EMA makes it suitable for scalping, swing trading, and longer-term trend analysisโ€”no need to manually adjust settings. Best For Traders looking to measure real buying/selling flow rather than price movement alone. Market participants who want a plugโ€‘andโ€‘play CVD that stays accurate across all timeframes. Anyone interested in volumeโ€‘based momentum confirmation tools. Disclaimer This script is provided for educational and analytical purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset. Past performance is not indicative of future results. Always perform your own analysis and consult a licensed financial advisor before making investment decisions. The author is not responsible for any financial losses or trading outcomes arising from the use of this indicator.
Pine Scriptยฎ indicator
by moinTR
ฮ”ฮ” Holy Grail Chart Logic - ฮ”1 //โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€ // ๐Ÿ“– HOW TO READ ฮ”ฮ”-HG-ฮ”1 //โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€ // // โ€ข The white line (MA1) is โ€œPresent Breath.โ€ // It moves fastest and reveals the living rhythm of price. // // โ€ข The blue line (MA3) is โ€œThe Scout.โ€ // Together, white and blue form the breathing voidโ€”the heartbeat zone. // // The fill color between them (the โ€œvoidโ€) tells you the tone of the market: // ๐Ÿ”ต Blue = Calm alignment, balanced breath // ๐ŸŸ  Orange = BYTE phase โ€“ testing emotion // ๐ŸŸข Green = Cross phase โ€“ spiral turning // ๐ŸŸค Brown = Full Cross โ€“ ancestral confirmation // โš™๏ธ Grey = Mimicry โ€“ legacy echo // โŒ Red = Tilting โ€“ distortion or interference // // HUD (right side of chart) shows current phase and full sequence. // //โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€ // ๐ŸŒ€ SEQUENCE LOGIC //โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€ // Touch โ†’ BYTE โ†’ Cross โ†’ Full โ†’ Mimicry // // Touch โ€“ White greets Blue; first awareness of shift. // BYTE โ€“ Brief cross; emotional test of conviction. // Cross โ€“ Intentional movement; spiral begins turning. // Full โ€“ Deep alignment; momentum confirmed. // Mimicryโ€“ Other MAs echo the white line; trend resonance. // // Each complete cycle is one โ€œbreathโ€ of the market. // ฮ”1 calibrates. ฮ”2 observes. Ahoeaaa โšก // //โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€
Pine Scriptยฎ indicator
by pool_sharkst
EMA Cloud + AlertsThe only EMA indicator you'll ever need. - Flexible EMAs: Customize EMA lengths (e.g., 9, 21) to match your trading style. - Dynamic Cloud: Auto-shades bullish (green) or bearish (red) clouds between EMAs for clear trend signals. - Trend Change Alerts: Auto-alerts that signal when a trend change (EMA crossover) happens on the timeframe you're currently viewing. - Timeframe Lock: Lock EMAs to a specific timeframe (e.g., 5m on a 1m chart) for consistent analysis. - Personalized Design: Adjust EMA colors, thickness, and cloud transparency for optimal visibility. A friendly reminder that no tool or indicator guarantees success. Integrate this into a robust trading plan.
Pine Scriptยฎ indicator
by VeroTradeX
1
Buy vs Sell Liquidity + Difference (Bottom Right)Script Summary (Short Notes) โš™๏ธ Purpose Tracks and displays Buy Volume vs Sell Volume difference during the day, based on candle direction. Useful for spotting liquidity imbalance between buyers and sellers. ๐Ÿ“Š How It Works Volume Classification If close > open โ†’ counts volume as Buy Volume If close < open โ†’ counts volume as Sell Volume Aggregation Timeframe You can select a timeframe (1, 2, 3, 5, 15, 30 mins) Script recalculates data from that aggregation level. Daily Reset At the start of a new trading day, totals reset to zero. Cumulative Calculation Adds all buy/sell volumes as the day progresses. Calculates: Total Volume Difference (BUY โˆ’ SELL) Percentages (%)
Pine Scriptยฎ indicator
by dammucool
Trend Candles Full ColorThe coloring over the candle sticks isn't showing up on the picture for some reason but when you click on the indicator the color coding will appear on the chart. Trend Candles Full Color Indicator Explanation The "Trend Candles Full Color" indicator, designed for TradingView, visually enhances candlestick charts by coloring candles based on their position relative to a simple moving average (SMA). Here's how it works and how it can benefit traders: How It Works Input : Adjust the SMA period (default is 20) to define the trend length. Logic : The indicator compares the closing price of each candle to the SMA: Green Candle : Close is above the SMA (indicating an uptrend). Red Candle : Close is below the SMA (indicating a downtrend). Gray Candle : Close equals the SMA (neutral/no clear trend). Output : Candles (body, wick, and border) are colored green, red, or gray based on the trend, overlaid directly on your price chart. Benefits and Use Cases Trend-Following Strategies Benefit: Clearly identifies bullish (green) or bearish (red) trends, helping traders ride momentum. Example: A swing trader using a 20-period SMA can enter long positions when candles turn green (price above SMA) and exit or short when candles turn red, confirming trend reversals. Reversal Trading Benefit: Gray candles signal indecision near the SMA, often a precursor to reversals. Example: A day trader might watch for gray candles after a prolonged uptrend (green candles) to anticipate a potential bearish reversal, combining with other indicators like RSI for confirmation. Scalping Benefit: Quick visual cues for short-term trend changes on lower timeframes. Example: A scalper on a 5-minute chart can use green candles to confirm quick bullish moves and red candles to avoid counter-trend trades, enhancing decision speed. Position Sizing or Risk Management Benefit: Color changes highlight trend strength, aiding in adjusting trade size or stops. Example: A trader might increase position size during strong green candle sequences (sustained uptrend) and tighten stops when gray candles appear, signaling potential trend weakness. Tips for Use Adjust the MA Length to suit your trading style (e.g., shorter for scalping, longer for swing trading). Combine with other indicators (e.g., support/resistance, MACD) for better accuracy. Test on different timeframes to match your strategy. Recommended MA Length for 1-Minute Charts Short-Term/Scalping (1-5 minute trades):10-period SMA : Very sensitive, ideal for capturing quick price movements in fast markets. May produce more noise (false signals). 20-period SMA : A balanced choice for 1-minute charts, smoothing minor fluctuations while reacting to short-term trends. A great starting point for scalpers. Intraday Trend Trading (10-30 minute holds):50-period SMA : Captures broader intraday trends, reducing noise but lagging slightly. Suitable for larger moves within a session. This indicator simplifies trend identification, making it a versatile tool for traders of all styles, from beginners to advanced users! Recommended MA Length for Swing Trading / Higher Timeframes Swing Trading (holding trades for days to weeks):50-period SMA : A popular choice for swing traders on higher timeframes (e.g., 1-hour or 4-hour charts). It smooths out short-term fluctuations while identifying medium-term trends. Ideal for capturing multi-day swings. 100-period SMA : Slightly longer, this MA is great for confirming stronger, more sustained trends. Itโ€™s useful on 4-hour or daily charts for swing traders aiming to ride larger price moves. Longer-Term Trend Trading (holding for weeks to months):200-period SMA : A classic choice for higher timeframes like daily or weekly charts. It highlights major market trends and is widely used by swing and position traders to filter out noise and focus on long-term direction. 150-period SMA : A middle ground between the 100 and 200 SMA, suitable for daily charts when you want a balance between responsiveness and trend reliability.
Pine Scriptยฎ indicator
by herose4the
MEGA_Long/Short๐Ÿ“Š MTF Entry Signal (with L/S Labels) A clean and compact multi-timeframe entry point indicator for TradingView. Shows clear entry signals for LONG and SHORT trades directly on the chart, with markers and letters for quick decision-making. ๐ŸŽฏ Key Features: Dual timeframe analysis: Choose main and fast timeframes (default: 30m and 4h). Entry signals: ๐ŸŸข Green triangle + "L" โ€” LONG entry (Buy signal) ๐Ÿ”ด Red triangle + "S" โ€” SHORT entry (Sell signal) Signal only at true trend reversals โ€“ No excessive markers or noise. Markers move dynamically with price โ€“ Always match the candlestick and chart movement. โš™๏ธ Signal Criteria: LONG: EMA9 > EMA21 and MACD > 0, confirmed on both selected timeframes. SHORT: EMA9 < EMA21 and MACD < 0, confirmed on both selected timeframes. Entry marker appears only when signal direction changes. ๐Ÿ”ง Settings: Manually select fast/main timeframes in the indicator menu (recommended: 30m + 4h). Marker size set to minimal (size=tiny) for maximum clarity. ๐Ÿ“ˆ Usage: Designed for clean, non-overloaded charts. Works perfectly for trend trading, reversals, and entry confirmation. Suitable for scalping, swing trading, and crypto/futures analysis.
Pine Scriptยฎ indicator
by BaH4iK_BingX-BizDev
DAMMU AUTOMATICAL AI ENRTY AND TARGET AND EXITMain Components Supertrend System โ€“ Detects market trend direction (Buy/Sell zones). โ†’ Green = Uptrend (Buy) โ†’ Red = Downtrend (Sell) SMA Filter โ€“ Uses 50 & 200 moving averages to confirm overall trend. โ†’ Price above both โ†’ Bullish โ†’ Price below both โ†’ Bearish Buy/Sell Signals โ€“ Generated when Supertrend flips direction and SMA confirms. โ†’ Triangle up = Buy โ†’ Triangle down = Sell Take Profit / Stop Loss Levels โ€“ Automatically calculated after Buy/Sell entry. โ†’ TP1, TP2, SL shown on chart ADX (Sideways Zone Filter) โ€“ If ADX < 25 โ†’ Market sideways โ†’ Avoid trades Shows โ€œNo Trade Zoneโ€ area Smart Money Concepts (SMC) Tools โ€“ ๐Ÿ”น Market structure (HH, HL, LH, LL) ๐Ÿ”น Order blocks (OB) ๐Ÿ”น Equal highs/lows ๐Ÿ”น Fair Value Gaps (FVG) ๐Ÿ”น Premium & Discount zones Helps find institutional entry points Visual Display โ€“ Color-coded background (trend zones) Labels for buy/sell/structure Optional FVG and order block boxes Risk Management โ€“ Input-based position sizing, SL & TP management (to calculate profit levels and minimize loss)
Pine Scriptยฎ indicator
by dammucool
1
SPX / Silver (XAGUSD) RatioThis script visualizes the S&P 500 Index to Silver ratio (SPX/Silver) โ€” a powerful tool for monitoring the relative strength of equities vs. precious metals over time. ๐Ÿ“Š Use Case: Helps traders assess macro sentiment shifts between risk-on (equities) and risk-off (commodities). A rising ratio indicates equity outperformance vs Silver, often in growth-driven bull markets. A falling ratio suggests Silver is outperforming โ€” potentially due to inflation, geopolitical risk, or weakening equities. โš™๏ธ Data & Calculation: SPX: SP:SPX (S&P 500 Index) Silver: TVC:SILVER Formula: SPX / Silver (Both are spot/index prices, updated on daily timeframe) ๐Ÿ“ˆ Interpretation: ๐Ÿ“ˆ Ratio Rising โ†’ SPX outperforming Silver โ†’ Risk-on sentiment ๐Ÿ“‰ Ratio Falling โ†’ Silver outperforming SPX โ†’ Possible flight to safety or inflation hedge ๐Ÿง  Ideal For: Macro trend analysis Intermarket strategy development Asset rotation decision-making Spotting Silver bottoms during SPX/Silver peak zones
Pine Scriptยฎ indicator
by RKF-Trader
Dual Table Dashboard - Correct V3add RSI Data## ๐Ÿ“ˆ Trading Applications ### 1. Trend Following Strategy ``` 1. Check TABLE 1 for trend direction (AnEMA29 + PDMDR) 2. If both green โ†’ Look for longs 3. If both red โ†’ Look for shorts 4. Use TABLE 2 for entry levels ``` ### 2. Support/Resistance Strategy ``` @70 levels = Resistance (sell/take profit zones) @50 levels = Pivot (breakout levels) @30 levels = Support (buy/accumulation zones) ``` ### 3. Multi-Timeframe Alignment ``` W_RSI โ†’ Weekly bias (long-term) D_RSI โ†’ Daily bias (medium-term) Sto50 โ†’ Current position (swing) Sto12 โ†’ Immediate position (day trade) RSI(7) & RSI(3) โ†’ Entry timing (scalp) ``` ### 4. Color Scanning Method **Quick visual analysis:** - Count greens vs reds in each row - More greens = Bullish position - More reds = Bearish position - Mixed colors = Transitioning/choppy --- ## โœ… Verification & Accuracy ### Tested Against AmiBroker: - โœ… RSI band values match within ยฑ0.01% - โœ… Stochastic channels match exactly - โœ… Color logic matches exactly - โœ… All formulas verified line-by-line ### Known Minor Differences: Small variations (<1%) may occur due to: 1. **Platform calculation precision** - Different floating-point engines 2. **Historical data feeds** - Slight variations in past prices 3. **Weekly bar boundaries** - TradingView vs AmiBroker week definitions 4. **Initialization period** - First N bars need to "warm up" **These minor differences don't affect trading signals!** --- ## โš™๏ธ Settings & Customization ### Input Parameters: ```pine emaLen = 29 // EMA Length for angle calculation rangePeriods = 30 // Angle normalization lookback rangeConst = 25 // Angle normalization constant dmiLen = 14 // DMI/ADX Length for PDMDR ``` ### Available Positions: Can be changed in the code: - `position.top_left` - `position.top_center` - `position.top_right` - `position.middle_left` (Table 2 default) - `position.middle_center` - `position.middle_right` - `position.bottom_left` (Table 1 default) - `position.bottom_center` - `position.bottom_right` ### Text Sizes: - `size.tiny` - `size.small` (current default) - `size.normal` - `size.large` - `size.huge` --- ## ๐ŸŽฏ Best Practices ### DO: โœ… Use multiple confirmations before entering trades โœ… Combine with price action and chart patterns โœ… Pay attention to color changes across timeframes โœ… Use @50 levels as key pivot points โœ… Watch for alignment between W_RSI and D_RSI ### DON'T: โŒ Trade based on color alone without confirmation โŒ Ignore the overall trend (Table 1) โŒ Enter trades against strong trend signals โŒ Overtrade when colors are mixed/choppy โŒ Ignore risk management rules --- ## ๐Ÿ“Š Example Reading ### Bullish Setup: ``` TABLE 1: AnEMA29: Green (15ยฐ) across all 3 bars PDMDR: Green (1.65) and rising TABLE 2: W_RSI@50: Green (price above) D_RSI@50: Green (price above) Sto50@50: Green (price above midpoint) Sto12@50: Green (price above midpoint) Interpretation: Strong bullish trend confirmed across multiple timeframes Action: Look for long entries on pullbacks to @50 or @30 levels ``` ### Bearish Setup: ``` TABLE 1: AnEMA29: Red (-12ยฐ) across all 3 bars PDMDR: Red (0.45) and falling TABLE 2: W_RSI@50: Red (price below) D_RSI@50: Red (price below) Sto50@50: Red (price below midpoint) Interpretation: Strong bearish trend confirmed Action: Look for short entries on rallies to @50 or @70 levels ``` ### Reversal Signal: ``` TABLE 1: -2D: Red, -1D: Yellow, 0D: Green (momentum shifting) TABLE 2: Price just crossed above multiple @50 levels Colors changing from red to green Interpretation: Potential trend reversal in progress Action: Wait for confirmation, consider early long entry with tight stop ``` --- ## ๐Ÿ” Troubleshooting ### "Values don't match AmiBroker exactly" - Check you're on the same timeframe - Verify the symbol is identical - Compare historical data (last 20 closes) - Small differences (<1%) are normal ### "Tables are overlapping" - Adjust positions in code - Use different combinations (top/middle/bottom with left/center/right) ### "Colors seem wrong" - Verify current close price - Check if you're comparing same bar - Ensure both platforms use same session times ### "Script takes too long" - Use on Daily or higher timeframes - The RSI band calculation is computationally intensive - Don't run on tick-by-tick data --- ## ๐Ÿ“ Version History **v3.0 (Final)** - Current version - RSI band calculation verified correct - Tables positioned bottom-left and middle-left - All values match AmiBroker - Production ready โœ… **v2.0** - Fixed RSI band algorithm order (calculate before updating P/N) - Improved variable scope handling **v1.0** - Initial implementation - Had incorrect RSI band calculation --- ## ๐Ÿ“„ Files in Package
Pine Scriptยฎ indicator
by insomniac_vampire
WAD : Whale Activity Detector๐Ÿ‹ WAD: Whale Activity Detector WAD (Whale Activity Detector) automatically detects periods of abnormally high trading volume compared to the average, identifying potential whale (institutional) buy or sell activity and visualizing it directly on the chart. ๐Ÿ” How It Works 1. Buy/Sell Volume Separation Each candleโ€™s trading volume is categorized based on its direction: Bullish candle โ†’ Buy volume Bearish candle โ†’ Sell volume This separation helps distinguish the actual strength of buying vs. selling pressure, rather than looking at total volume alone. 2. Average Volume Calculation Over a user-defined lookback period (default: 34 bars), the indicator calculates the moving average of both buy and sell volumes, establishing a baseline for what constitutes โ€œnormalโ€ activity. 3. Whale Activity Detection When the current volume exceeds n times the average volume (default: 4ร—), the indicator flags it as a Whale Zone โ€” a potential sign of large player involvement. Volume surge on a bullish candle โ†’ Whale Buy Volume surge on a bearish candle โ†’ Whale Sell 4. Visual Display ๐ŸŸข Green bars: Whale buy activity ๐Ÿ”ด Red bars: Whale sell activity BUY/SELL labels: Appear above the chart when an anomaly is detected Average line toggle: Users can turn the average volume lines on or off for clarity 5. Alerts Whenever whale buy/sell signals are detected, real-time alerts are triggered. Example: ๐Ÿ‹ Whale Buy โ€“ NVDA! ๐ŸŸข โš™๏ธ Indicator Meaning Rather than showing raw volume, WAD tracks โ€œabnormal volume relative to the average.โ€ It filters out noise and highlights the moments where large entities begin to move. Essentially, it visualizes intentional and impactful trades hidden within standard volume activity. ๐Ÿš€ Example Use Cases Whale accumulation tracking โ€“ Repeated strong buy signals may indicate sustained institutional accumulation. Short-term breakout confirmation โ€“ Price often rallies shortly after whale buy signals appear. Support/resistance analysis โ€“ Whale sell zones frequently align with short-term resistance areas. In short: WAD identifies when trading volume exceeds its historical norm to highlight where big money enters or exits the market. =============================================================================== ๐Ÿ‹ WAD : ์„ธ๋ ฅ ๋งค๋งค๊ฑฐ๋ž˜ ์ถ”์ ๊ธฐ WAD(Whale Activity Detector) ๋Š” ํŠน์ • ์ข…๋ชฉ์˜ ๊ฑฐ๋ž˜๋Ÿ‰ ํŒจํ„ด ์†์—์„œ โ€˜ํ‰๊ท  ๋Œ€๋น„ ๋น„์ •์ƒ์ ์œผ๋กœ ํฐ ๊ฑฐ๋ž˜๋Ÿ‰์ด ๋ฐœ์ƒํ•œ ๊ตฌ๊ฐ„โ€™์„ ์ž๋™์œผ๋กœ ๊ฐ์ง€ํ•ด ์„ธ๋ ฅ(Whale)์˜ ๋งค์ˆ˜ยท๋งค๋„ ํ™œ๋™์„ ์‹œ๊ฐํ™”ํ•˜๋Š” ์ง€ํ‘œ์ž…๋‹ˆ๋‹ค. ๐Ÿ” ์ž‘๋™ ์›๋ฆฌ ๋งค์ˆ˜ยท๋งค๋„ ๊ฑฐ๋ž˜๋Ÿ‰ ๋ถ„๋ฆฌ ๊ฐ ์บ”๋“ค์ด ์–‘๋ด‰์ธ์ง€, ์Œ๋ด‰์ธ์ง€์— ๋”ฐ๋ผ ๊ฑฐ๋ž˜๋Ÿ‰์„ ๋ถ„๋ฆฌํ•ฉ๋‹ˆ๋‹ค. ์–‘๋ด‰ ์‹œ ๋ฐœ์ƒํ•œ ๊ฑฐ๋ž˜๋Ÿ‰ โ†’ ๋งค์ˆ˜ ๊ฑฐ๋ž˜๋Ÿ‰(buy volume) ์Œ๋ด‰ ์‹œ ๋ฐœ์ƒํ•œ ๊ฑฐ๋ž˜๋Ÿ‰ โ†’ ๋งค๋„ ๊ฑฐ๋ž˜๋Ÿ‰(sell volume) ์ด๋ ‡๊ฒŒ ๋ถ„๋ฆฌํ•จ์œผ๋กœ์จ ๋‹จ์ˆœ ๊ฑฐ๋ž˜๋Ÿ‰์ด ์•„๋‹Œ, ์‹ค์ œ ๋งค์ˆ˜์„ธ/๋งค๋„์„ธ์˜ ํž˜์„ ๊ตฌ๋ถ„ํ•  ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค. ํ‰๊ท  ๊ฑฐ๋ž˜๋Ÿ‰ ๊ณ„์‚ฐ ์‚ฌ์šฉ์ž๊ฐ€ ์ง€์ •ํ•œ ๊ธฐ๊ฐ„(๊ธฐ๋ณธ 34๋ด‰)์„ ๊ธฐ์ค€์œผ๋กœ ๋งค์ˆ˜ยท๋งค๋„ ๊ฑฐ๋ž˜๋Ÿ‰์˜ ์ด๋™ํ‰๊ท ์„ ์„ ๊ฐ๊ฐ ๊ณ„์‚ฐํ•ฉ๋‹ˆ๋‹ค. ์ด๋Š” โ€˜์ •์ƒ์ ์ธ ๊ฑฐ๋ž˜๋Ÿ‰ ์ˆ˜์ค€โ€™์„ ํŒ๋‹จํ•˜๋Š” ๊ธฐ์ค€์„ ์œผ๋กœ ํ™œ์šฉ๋ฉ๋‹ˆ๋‹ค. ์ด์ƒ์น˜ ํƒ์ง€ (Whale Activity Detection) ํ˜„์žฌ ๊ฑฐ๋ž˜๋Ÿ‰์ด ํ‰๊ท  ๊ฑฐ๋ž˜๋Ÿ‰์˜ n๋ฐฐ(๊ธฐ๋ณธ 4๋ฐฐ)๋ฅผ ์ดˆ๊ณผํ•  ๊ฒฝ์šฐ, ๊ทธ ๊ตฌ๊ฐ„์„ ์„ธ๋ ฅ ๊ฐœ์ž… ๊ตฌ๊ฐ„(Whale Zone) ์œผ๋กœ ํŒ๋‹จํ•ฉ๋‹ˆ๋‹ค. ์–‘๋ด‰์—์„œ ๊ธ‰์ฆ โ†’ ์„ธ๋ ฅ ๋งค์ˆ˜ (Whale Buy) ์Œ๋ด‰์—์„œ ๊ธ‰์ฆ โ†’ ์„ธ๋ ฅ ๋งค๋„ (Whale Sell) ์‹œ๊ฐ์  ํ‘œ์‹œ ์ดˆ๋ก์ƒ‰ ๊ธฐ๋‘ฅ : ์„ธ๋ ฅ ๋งค์ˆ˜ ๊ฑฐ๋ž˜๋Ÿ‰ ๋นจ๊ฐ„์ƒ‰ ๊ธฐ๋‘ฅ : ์„ธ๋ ฅ ๋งค๋„ ๊ฑฐ๋ž˜๋Ÿ‰ ๋ผ๋ฒจ ํ‘œ์‹œ (BUY / SELL) : ์ด์ƒ์น˜ ๋ฐœ์ƒ ์‹œ ์ฐจํŠธ ์ƒ๋‹จ์— ํ‘œ์‹œ ํ‰๊ท ์„  ํ‘œ์‹œ ์˜ต์…˜ : ์‚ฌ์šฉ์ž๊ฐ€ ์›ํ•  ๋•Œ ํ‰๊ท ์„ ์„ ์ผœ๊ฑฐ๋‚˜ ๋Œ ์ˆ˜ ์žˆ์Œ ์•Œ๋ฆผ(Alerts) ์„ธ๋ ฅ์˜ ๋งค์ˆ˜ยท๋งค๋„ ์‹ ํ˜ธ๊ฐ€ ๊ฐ์ง€๋˜๋ฉด, ์•Œ๋ฆผ ๋ฉ”์‹œ์ง€๋ฅผ ํ†ตํ•ด ์‹ค์‹œ๊ฐ„์œผ๋กœ ํ†ต๋ณด๋ฐ›์„ ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค. (์˜ˆ: ๐Ÿ‹ Whale Buy - NVDA! ๐ŸŸข) โš™๏ธ ์ง€ํ‘œ์˜ ์˜๋ฏธ ๋‹จ์ˆœ ๊ฑฐ๋ž˜๋Ÿ‰์ด ์•„๋‹ˆ๋ผ, โ€˜ํ‰๊ท  ๋Œ€๋น„ ๋น„์ •์ƒ์  ๊ฑฐ๋ž˜๋Ÿ‰โ€™ ์„ ์ถ”์ ํ•ฉ๋‹ˆ๋‹ค. ์ฆ‰, โ€œ์„ธ๋ ฅ์ด ๋ณธ๊ฒฉ์ ์œผ๋กœ ์›€์ง์ด๊ธฐ ์‹œ์ž‘ํ•œ ๊ตฌ๊ฐ„โ€ ๋งŒ ๊ฑธ๋Ÿฌ๋‚ด๋Š” ์ง€ํ‘œ์ž…๋‹ˆ๋‹ค. ๋…ธ์ด์ฆˆ๊ฐ€ ๋งŽ์€ ๊ฑฐ๋ž˜๋Ÿ‰ ์ฐจํŠธ ์†์—์„œ ์˜๋„ ์žˆ๋Š” ๊ฑฐ๋ž˜์˜ ํ”์ ์„ ํฌ์ฐฉํ•  ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค. ๐Ÿš€ ํ™œ์šฉ ์˜ˆ์‹œ ์„ธ๋ ฅ ๋งค์ง‘ ๊ตฌ๊ฐ„ ํฌ์ฐฉ : ํฐ ๋งค์ˆ˜ ์‹œ๊ทธ๋„์ด ๋ฐ˜๋ณต์ ์œผ๋กœ ๋ฐœ์ƒํ•˜๋Š” ๊ตฌ๊ฐ„์€ ์„ธ๋ ฅ์˜ ๋ˆ„์  ๋งค์ง‘ ๊ฐ€๋Šฅ์„ฑ์„ ์˜๋ฏธํ•จ ๋‹จ๊ธฐ ๊ธ‰๋“ฑ ์‹ ํ˜ธ ํ™•์ธ : ๋งค์ˆ˜ ์ด์ƒ์น˜๊ฐ€ ๋ฐœ์ƒํ•œ ์งํ›„ ๊ฐ€๊ฒฉ์ด ๊ธ‰๋“ฑํ•˜๋Š” ๊ฒฝ์šฐ๊ฐ€ ๋งŽ์Œ ์ง€์ง€/์ €ํ•ญ ๋ถ„์„๊ณผ ๋ณ‘ํ–‰ ํ™œ์šฉ : ์„ธ๋ ฅ ๋งค๋„ ๊ตฌ๊ฐ„์€ ๋‹จ๊ธฐ ์ €ํ•ญ์œผ๋กœ ์ž‘์šฉํ•˜๋Š” ๊ฒฝํ–ฅ์ด ์žˆ์Œ copyright @invest_hedgeway
Pine Scriptยฎ indicator
by invest_hedgeway