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Slingshot Trend 🎯⏰How to Use the Slingshot Trend Indicator 🎯⏰ (65-Minute Timeframe) The **Slingshot Trend Indicator** helps spot bullish trend entries using price action and EMAs, optimized for your favorite 65-minute timeframe. Here’s a simple guide: ⚙️ Setup - Add the indicator to your chart. - Set the 89 EMA timeframe to 65 minutes (or keep the default 195 minutes for higher-timeframe confirmation). 🔑 Key Features - **Slingshot EMA**: Short-term EMA (default length: 4) to detect breakouts. - **EMA Stack**: Confirms bullish trend when 21 EMA > 34 EMA > 55 EMA > 89 EMA. - **Price Above 89 EMA**: Ensures price is above the 65-minute 89 EMA. - **ATR Targets**: Uses 14-period ATR for dynamic price targets. - **Visuals**: - Blue EMA line (optional). - Teal bars for bullish conditions (optional). - Orange labels for entry signals (optional). - Yellow entry line and green dashed target line (optional). - Price labels for entry/target (optional). - ATR dashboard showing average ATR multiple, win %, and time-to-target (optional). 📘 How to Trade - **Entry**: Go long when an orange label appears (price closes above Slingshot EMA after three closes below, with bullish EMAs on the 65-minute chart). - **Target**: Aim for the green dashed line (entry price + ATR-based target). - **Exit**: Close when bullish conditions end (EMAs not stacked or price below 65-minute 89 EMA). - **Stop Loss**: Not included; consider 2× ATR below entry or a support level. - **Alerts**: Enable “First Trending SlingShot” for entry notifications. ✨ Customize Adjust in settings: - 89 EMA timeframe (e.g., set to 65 minutes). - Bar color (default: teal). - Toggle EMA line, bar coloring, entry labels, lines, price labels, and dashboard. - Slingshot EMA length (default: 4). 💡 Tips - Backtest on the 65-minute timeframe for your asset. - Combine with support/resistance or other indicators. - Use proper risk management.
Pine Script® indicator
by adonilopez
LSMAsThis indicator consists of three lines. The main line (LSMA-A) is the least squares moving average (LSMA). The second line (SMMA) is the smoothed moving average of the LSMA-A. When the SMMA crosses the LSMA-A below, it generates a BUY signal, while when it crosses the LSMA-A above, it is considered a SELL signal. Furthermore, an uptrend is considered if the SMMA line is below, or a downtrend if it is above. Along these trend lines, the third line, LSMA-B (another shorter-period least squares moving average) is used to identify peaks and bottoms. This allows for wave analysis. For optimization, adjusting the shorter period to market conditions is sufficient.
Pine Script® indicator
by oberez
Dual Relative Strength FlexibleDual Relative Strength Flexible (RS1 & RS2) This indicator calculates two Relative Strength (RS) values to compare a stock’s performance over two timeframes against different benchmarks. Key Features: RS1: Measures long-term relative strength of the stock versus a primary benchmark index (e.g., NIFTY). RS2: Measures short-term relative strength which can be customized by the user to compare the stock against a sectoral index, NIFTY 500, NIFTY Total Market, or any other preferred index. Zero Baseline: Displays neutral performance level for quick interpretation. Color-coded plots to highlight outperformance (green hues) or underperformance (red hues). Background shading: Green when both RS1 & RS2 are positive, red when both are negative. Info Table: Shows current RS1, RS2 values, benchmark names, and their difference in percentage terms.
Pine Script® indicator
by zikzak-trader30
Trend Bars with Okuninushi Line Filter# Trend Bars with Okuninushi Line Filter: A Powerful Trading Indicator ## Introduction The **Trend Bars with Okuninushi Line Filter** is an innovative technical indicator that combines two powerful concepts: trend bar analysis and the Okuninushi Line filter. This indicator helps traders identify high-quality trending moves by analyzing candle body strength relative to the overall price range while ensuring the price action aligns with the dominant market structure. ## What Are Trend Bars? Trend bars are candles where the body (distance between open and close) represents a significant portion of the total price range (high to low). These bars indicate strong directional momentum with minimal indecision, making them valuable signals for trend continuation. ### Key Characteristics: - **Strong directional movement**: Large body relative to total range - **Minimal upper/lower shadows**: Shows sustained pressure in one direction - **High conviction**: Represents decisive market action ## The Okuninushi Line Filter The Okuninushi Line, also known as the Kijun Line in Ichimoku analysis, is calculated as the midpoint of the highest high and lowest low over a specified period (default: 52 periods). **Formula**: `(Highest High + Lowest Low) / 2` This line acts as a dynamic support/resistance level and trend filter, helping to: - Identify the overall market bias - Filter out counter-trend signals - Provide confluence for trade entries ## How the Indicator Works The indicator combines these two concepts with the following logic: ### Bull Trend Bars (Green) A candle is colored **green** when ALL conditions are met: 1. **Bullish candle**: Close > Open 2. **Strong body**: |Close - Open| ≥ Threshold × (High - Low) 3. **Above trend filter**: Close > Okuninushi Line ### Bear Trend Bars (Red) A candle is colored **red** when ALL conditions are met: 1. **Bearish candle**: Close < Open 2. **Strong body**: |Close - Open| ≥ Threshold × (High - Low) 3. **Below trend filter**: Close < Okuninushi Line ### Neutral Bars (Gray) All other candles that don't meet the complete criteria are colored **gray**. ## Customizable Parameters ### Trend Bar Threshold - **Range**: 10% to 100% - **Default**: 75% - **Purpose**: Controls how "strong" a candle must be to qualify as a trend bar **Threshold Effects:** - **Low (10-30%)**: More sensitive, catches smaller trending moves - **Medium (50-75%)**: Balanced approach, filters out most noise - **High (80-100%)**: Very selective, only captures the strongest moves ### Okuninushi Line Length - **Default**: 52 periods - **Purpose**: Determines the lookback period for calculating the midpoint - **Common Settings**: - 26 periods: More responsive to recent price action - 52 periods: Standard setting, good balance - 104 periods: Longer-term trend perspective ## Trading Applications ### 1. Trend Continuation Signals - **Green bars**: Look for bullish continuation opportunities - **Red bars**: Consider bearish continuation setups - **Gray bars**: Exercise caution, mixed signals ### 2. Market Structure Analysis - Clusters of same-colored bars indicate strong trends - Alternating colors suggest choppy, indecisive markets - Transition from red to green (or vice versa) may signal trend changes ### 3. Entry Timing - Use colored bars as confirmation for existing trade setups - Wait for color alignment with your market bias - Avoid trading during predominantly gray periods ### 4. Risk Management - Gray bars can serve as early warning signs of weakening trends - Color changes might indicate appropriate exit points - Use in conjunction with other risk management tools ## Advantages 1. **Dual Filtering**: Combines momentum (trend bars) with trend direction (Okuninushi Line) 2. **Visual Clarity**: Immediate visual feedback through candle coloring 3. **Customizable**: Adjustable parameters for different trading styles 4. **Versatile**: Works across multiple timeframes and instruments 5. **Objective**: Rule-based system reduces subjective interpretation ## Limitations 1. **Lagging Nature**: Based on historical price data 2. **False Signals**: Can produce whipsaws in choppy markets 3. **Parameter Sensitivity**: Requires optimization for different instruments 4. **Market Conditions**: May be less effective in ranging markets ## Best Practices ### Optimization Tips: - **Volatile Markets**: Use higher thresholds (80-90%) - **Steady Trends**: Use moderate thresholds (60-75%) - **Short-term Trading**: Shorter Okuninushi Line periods (26) - **Long-term Analysis**: Longer Okuninushi Line periods (104+) ### Combination Strategies: - Pair with volume indicators for confirmation - Use alongside support/resistance levels - Combine with other trend-following indicators - Consider market context and overall trend direction ## Conclusion The Trend Bars with Okuninushi Line Filter offers traders a sophisticated yet intuitive way to identify high-quality trending moves. By combining the momentum characteristics of trend bars with the directional filter of the Okuninushi Line, this indicator helps traders focus on the most promising opportunities while avoiding low-probability setups. Remember that no single indicator should be used in isolation. Always consider market context, risk management, and other technical factors when making trading decisions. The true power of this indicator lies in its ability to quickly highlight periods of strong, aligned price action – exactly what trend traders are looking for. --- *Disclaimer: This article is for educational purposes only and should not be considered as financial advice. Always conduct your own research and consider your risk tolerance before making any trading decisions.*
Pine Script® indicator
by YAMAGUCHI-KUNI
Moving Average Signals : Support ResistanceThis indicator plots a Simple Moving Average (default 50-period, adjustable) and highlights potential bounce or rejection signals when price interacts with the SMA. It is designed to identify moments when price tests the moving average from one side and then continues in the prior direction, signaling a possible continuation trade. 🔴 Red Triangle (Bearish Rejection) A red triangle is plotted above the bar when: Price has been trading below the SMA. Price tests the SMA from below (the high touches or pierces the SMA but closes back below it). Price then continues lower on the next bar. This suggests the SMA acted as resistance and the downtrend may resume. 🟢 Green Triangle (Bullish Rejection) A green triangle is plotted below the bar when: Price has been trading above the SMA. Price tests the SMA from above (the low touches or pierces the SMA but closes back above it). Price then continues higher on the next bar. This suggests the SMA acted as support and the uptrend may resume. ⚡ HOW TO USE IN TRADING Trend Confirmation Use this indicator in trending markets (not choppy ranges). A rising SMA suggests bullish trend bias; a falling SMA suggests bearish trend bias. Signal Entry Green Triangle: Consider long entries when the SMA supports price and a bullish continuation is signaled. Red Triangle: Consider short entries when the SMA rejects price and a bearish continuation is signaled. Stop-Loss Placement Place stops just beyond the SMA or the rejection candle’s high/low. Example: For a red signal, stop above the SMA or rejection candle’s high. Take-Profit Ideas Target prior swing highs/lows or use risk/reward multiples (e.g., 2R, 3R). You can also trail stops behind the SMA in a strong trend. Filters for Higher Accuracy (optional) Confirm signals with volume, momentum indicators (e.g., RSI, MACD), or higher-timeframe trend. Avoid trading signals against strong higher-timeframe bias.
Pine Script® indicator
by ozzy_livin
Composite Time ProfileComposite Time Profile Overlay (CTPO) - Market Profile Compositing Tool Automatically composite multiple time periods to identify key areas of balance and market structure What is the Composite Time Profile Overlay? The Composite Time Profile Overlay (CTPO) is a Pine Script indicator that automatically composites multiple time periods to identify key areas of balance and market structure. It's designed for traders who use market profile concepts and need to quickly identify where price is likely to find support or resistance. The indicator analyzes TPO (Time Price Opportunity) data across different timeframes and merges overlapping profiles to create composite levels that represent the most significant areas of balance. This helps you spot where institutional traders are likely to make decisions based on accumulated price action. Why Use CTPO for Market Profile Trading? Eliminate Manual Compositing Work Instead of manually drawing and compositing profiles across different timeframes, CTPO does this automatically. You get instant access to composite levels without spending time analyzing each individual period. Spot Areas of Balance Quickly The indicator highlights the most significant areas of balance by compositing overlapping profiles. These areas often act as support and resistance levels because they represent where the most trading activity occurred across multiple time periods. Focus on What Matters Rather than getting lost in individual session profiles, CTPO shows you the composite levels that have been validated across multiple timeframes. This helps you focus on the levels that are most likely to hold. How CTPO Works for Market Profile Traders Automatic Profile Compositing CTPO uses a proprietary algorithm that: - Identifies period boundaries based on your selected timeframe (sessions, daily, weekly, monthly, or auto-detection) - Calculates TPO profiles for each period using the C2M (Composite 2 Method) row sizing calculation - Merges overlapping profiles using configurable overlap thresholds (default 50% overlap required) - Updates composite levels as new price action develops in real-time Key Levels for Market Profile Analysis The indicator displays: - Value Area High (VAH) and Value Area Low (VAL) levels calculated from composite TPO data - Point of Control (POC) levels where most trading occurred across all composited periods - Composite zones representing areas of balance with configurable transparency - 1.618 Fibonacci extensions for breakout targets based on composite range Multiple Timeframe Support - Sessions: For intraday market profile analysis - Daily: For swing trading with daily profiles - Weekly: For position trading with weekly structure - Monthly: For long-term market profile analysis - Auto: Automatically selects timeframe based on your chart Trading Applications for Market Profile Users Support and Resistance Trading Use composite levels as dynamic support and resistance zones. These levels often hold because they represent areas where significant trading decisions were made across multiple timeframes. Breakout Trading When composite levels break, they often lead to significant moves. The indicator calculates 1.618 Fibonacci extensions to give you clear targets for breakout trades. Mean Reversion Strategies Value Area levels represent the price range where most trading activity occurred. These levels often act as magnets, drawing price back when it moves too far from the mean. Institutional Level Analysis Composite levels represent areas where institutional traders have made significant decisions. These levels often hold more weight than traditional technical analysis levels because they're based on actual trading activity. Key Features for Market Profile Traders Smart Compositing Logic - Automatic overlap detection using price range intersection algorithms - Configurable overlap thresholds (minimum 50% overlap required for merging) - Dead composite identification (profiles that become engulfed by newer composites) - Real-time updates as new price action develops using barstate.islast optimization Visual Customization - Customizable colors for active, broken, and dead composites - Adjustable transparency levels for each composite state - Premium/Discount zone highlighting based on current price vs composite range - TPO aggression coloring using TPO distribution analysis to identify buying/selling pressure - Fibonacci level extensions with 1.618 target calculations based on composite range Clean Chart Presentation - Only shows the most relevant composite levels (maximum 10 active composites) - Eliminates clutter from individual session profiles - Focuses on areas of balance that matter most to current price action Real-World Trading Examples Day Trading with Session Composites Use session-based composites to identify intraday areas of balance. The VAH and VAL levels often act as natural profit targets and stop-loss levels for scalping strategies. Swing Trading with Daily Composites Daily composites provide excellent swing trading levels. Look for price reactions at composite zones and use the 1.618 extensions for profit targets. Position Trading with Weekly Composites Weekly composites help identify major trend changes and long-term areas of balance. These levels often hold for months or even years. Risk Management Composite levels provide natural stop-loss levels. If a composite level breaks, it often signals a significant shift in market sentiment, making it an ideal place to exit losing positions. Why Composite Levels Work Composite levels work because they represent areas where significant trading decisions were made across multiple timeframes. When price returns to these levels, traders often remember the previous price action and make similar decisions, creating self-fulfilling prophecies. The compositing process uses a proprietary algorithm that ensures only levels validated across multiple time periods are displayed. This means you're looking at levels that have proven their significance through actual market behavior, not just random technical levels. Technical Foundation The indicator uses TPO (Time Price Opportunity) data combined with price action analysis to identify areas of balance. The C2M row sizing method ensures accurate profile calculations, while the overlap detection algorithm (minimum 50% price range intersection) ensures only truly significant composites are displayed. The algorithm calculates row size based on ATR (Average True Range) divided by 10, then converts to tick size for precise level calculations. How the Code Actually Works 1. Period Detection and ATR Calculation The code first determines the appropriate timeframe based on your chart: - 1m-5m charts: Session-based profiles - 15m-2h charts: Daily profiles - 4h charts: Weekly profiles - 1D charts: Monthly profiles For each period type, it calculates the number of bars needed for ATR calculation: - Sessions: 540 minutes divided by chart timeframe - Daily: 1440 minutes divided by chart timeframe - Weekly: 7 days worth of minutes divided by chart timeframe - Monthly: 30 days worth of minutes divided by chart timeframe 2. C2M Row Size Calculation The code calculates True Range for each bar in the determined period: - True Range = max(high-low, |high-prevClose|, |low-prevClose|) - Averages all True Range values to get ATR - Row Size = (ATR / 10) converted to tick size - This ensures each TPO row represents a meaningful price movement 3. TPO Profile Generation For each period, the code: - Creates price levels from lowest to highest price in the range - Each level is separated by the calculated row size - Counts how many bars touch each price level (TPO count) - Finds the level with highest count = Point of Control (POC) - Calculates Value Area by expanding from POC until 68.27% of total TPO blocks are included 4. Overlap Detection Algorithm When a new profile is created, the code checks if it overlaps with existing composites: - Calculates overlap range = min(currentVAH, prevVAH) - max(currentVAL, prevVAL) - Calculates current profile range = currentVAH - currentVAL - Overlap percentage = (overlap range / current profile range) * 100 - If overlap >= 50%, profiles are merged into a composite 5. Composite Merging Logic When profiles overlap, the code creates a new composite by: - Taking the earliest start bar and latest end bar - Using the wider VAH/VAL range (max of both profiles) - Keeping the POC from the profile with more TPO blocks - Marking the composite as "active" until price breaks through 6. Real-Time Updates The code uses barstate.islast to optimize performance: - Only recalculates on the last bar of each period - Updates active composite with live price action if enabled - Cleans up old composites to prevent memory issues - Redraws all visual elements from scratch each bar 7. Visual Rendering System The code uses arrays to manage drawing objects: - Clears all lines/boxes arrays on every bar - Iterates through composites array to redraw everything - Uses different colors for active, broken, and dead composites - Calculates 1.618 Fibonacci extensions for broken composites Getting Started with CTPO Step 1: Choose Your Timeframe Select the period type that matches your trading style: - Use "Sessions" for day trading - Use "Daily" for swing trading - Use "Weekly" for position trading - Use "Auto" to let the indicator choose based on your chart timeframe Step 2: Customize the Display Adjust colors, transparency, and display options to match your charting preferences. The indicator offers extensive customization options to ensure it fits seamlessly into your existing analysis. Step 3: Identify Key Levels Look for: - Composite zones (blue boxes) - major areas of balance - VAH/VAL lines - value area boundaries - POC lines - areas of highest trading activity - 1.618 extension lines - breakout targets Step 4: Develop Your Strategy Use these levels to: - Set entry points near composite zones - Place stop losses beyond composite levels - Take profits at 1.618 extension levels - Identify trend changes when major composites break Perfect for Market Profile Traders If you're already using market profile concepts in your trading, CTPO eliminates the manual work of compositing profiles across different timeframes. Instead of spending time analyzing each individual period, you get instant access to the composite levels that matter most. The indicator's automated compositing process ensures you're always looking at the most relevant areas of balance, while its real-time updates keep you informed of changes as they happen. Whether you're a day trader looking for intraday levels or a position trader analyzing long-term structure, CTPO provides the market profile intelligence you need to succeed. Streamline Your Market Profile Analysis Stop wasting time on manual compositing. Let CTPO do the heavy lifting while you focus on executing profitable trades based on areas of balance that actually matter. Ready to Streamline Your Market Profile Trading? Add the Composite Time Profile Overlay to your charts today and experience the difference that automated profile compositing can make in your trading performance.
Pine Script® indicator
by mindyourbuisness
Volume Stress Level V2Volume Stress Level V2, is designed to provide a nuanced view of "RECENT" trading volume by identifying different levels of volume stress relative to a smoothed average. Key Features: Dynamic Volume Stress Calculation: The indicator calculates volume stress based on a Simple Moving Average (SMA) of volume and its standard deviation. The length of the SMA and the multiplier for the standard deviation are fully customizable, allowing you to adapt the indicator to different market conditions and trading styles. Visual Volume Zones: The script visually categorizes volume into distinct zones: Low Volume Zone: Represented by a white background, indicating periods of lower-than-average trading activity. Normal Volume Zone: Highlighted in blue, signifying typical trading volume. Medium Volume Zone: Displayed in yellow, denoting a moderate increase in volume. High Volume Zone: Shown in orange, indicating significant volume spikes. Spike Volume Zone: Marked in black, representing extreme volume events. Customizable Background: You have the option to enable or disable the colored background fill for these volume zones, providing flexibility in how you visualize the data. Bar Coloring: The volume bars themselves are color-coded according to the identified volume stress level, offering an immediate visual cue on your chart. Adjustable Parameters: VSL Length: Controls the lookback period for the SMA and standard deviation calculations. Multiplier: Adjusts the sensitivity of the standard deviation bands, thereby influencing the width of the volume zones. How to Use: This indicator can be valuable for identifying potential shifts in market sentiment, confirming breakouts, or spotting periods of accumulation and distribution. By observing the transitions between volume zones, traders can gain insights into the conviction behind price movements.
Pine Script® indicator
by TaylorTAL
Chartlense Dashboard (Data, Trend & Levels)Chartlense Dashboard (Data, Trend & Levels) Overview The Chartlense Dashboard is a compact overlay that consolidates key data points from multiple indicators into a single, clean table on your chart. Its primary function is to reduce indicator clutter and provide essential, at-a-glance information about the current market conditions. This dashboard is designed for traders who want a clear and organized view of the key data without having to load and manage numerous separate indicators. chartlense.com Key Features & Functionality 📊 Consolidated Data Panel: Displays real-time values from essential indicators, including RSI, MACD, and multiple EMAs. This saves screen space and simplifies your analysis workflow. 🎯 Automatic Key Levels: The script automatically identifies and displays the nearest important support and resistance levels, adapting as the price moves. 📐 Flexible Layouts (Vertical & Horizontal): Choose the layout that best fits your workspace. Dock the dashboard vertically to the left of your chart or arrange it horizontally along the bottom via the settings menu. ✨ Minimalist Design: Engineered for maximum information with a minimal footprint to keep your main chart area clean and readable. ⚙️ Fully Customizable: Users can show or hide any data point. This allows you to tailor the dashboard to display only the information relevant to your specific trading strategy. How to Use Click 'Add to favorite indicators'. Open any chart and add the "Chartlense Dashboard" from your favorite indicators list. Customize the displayed data in the Settings (⚙️) to fit your needs. vertical layout (left of chart) horizontal layout (bottom of chart) The Next Step in Your Analysis 🚀 About This Indicator & ChartLense This dashboard is a free, stand-alone tool provided by ChartLense. It is designed to work alongside our primary product, the ChartLense Chrome Extension. The purpose of this indicator is to provide a clean overview of market data. The purpose of the Chrome Extension is to perform a comprehensive analysis of the chart's structure. It identifies specific trading setups, calculates a risk score, and suggests precise entry and exit levels. If you find this dashboard useful for organizing data, you may find the extension useful for a more in-depth analysis. You can learn more at chartlense.com Disclaimer: This script is for informational purposes only and does not constitute investment advice. Always make your trading decisions based on your own analysis and risk assessment.
Pine Script® indicator
by ChartLense
Z-Score Volume with CVD TrendZ-Score Volume & CVD Trend with Exhaustion Signals This powerful, all-in-one indicator combines statistical volume analysis, Cumulative Volume Delta (CVD), and a custom clustering algorithm to provide a clear and dynamic view of market sentiment. It is designed to help traders identify the prevailing trend and spot potential reversals or trend exhaustion before they happen. Important Note: This indicator is specifically designed and optimized for use during the Regular Trading Hours (RTH) New York session, which is typically characterized by high volume and volatility. Its signals may be less reliable in low-volume or overnight sessions. Core Concepts 1. Volume Z-Score The script first calculates a Z-score for volume, which measures how many standard deviations a bar's volume is from a moving average. This helps to identify statistically significant volume spikes that may signal institutional activity or a major shift in sentiment. 2. Cumulative Volume Delta (CVD) CVD plots the net difference between buying and selling volume over time. A rising CVD indicates a surplus of buying pressure, while a falling CVD shows a surplus of selling pressure. This provides a clear look at the direction of momentum. 3. Custom Clustering By combining the Volume Z-score and CVD delta, the script classifies each bar into one of six distinct "clusters." The purpose is to simplify complex data into actionable signals. High Conviction Bullish: High Z-score volume with strong CVD buying. High Conviction Bearish: High Z-score volume with strong CVD selling. Effort vs. Result: High Z-score volume with no clear CVD bias, indicating indecision or a struggle between buyers and sellers. Quiet Accumulation: Low volume with subtle CVD buying, suggesting passive accumulation. Quiet Distribution: Low volume with subtle CVD selling, suggesting passive distribution. Low Conviction/Noise: Low volume and low CVD, representing general market noise. Trend and Exhaustion Logic Trend Establishment: The indicator determines the overall trend (Bullish, Bearish, or Neutral) by analyzing the majority of recent clusters over a configurable lookback period. A Bullish Trend is confirmed when a majority of recent bars are either "High Conviction Bullish" or "Quiet Accumulation." A Bearish Trend is confirmed when a majority of recent bars are either "High Conviction Bearish" or "Quiet Distribution." Trend Exhaustion: This is a key feature for identifying potential reversals. The script looks for a divergence between price action and CVD within a confirmed trend. Bullish Exhaustion Signal: Occurs during a confirmed "Bullish Trend" when you see a bearish divergence (price makes a higher high, but CVD shows negative delta and a close lower than the open). This is a strong sign the uptrend may be running out of steam. Bearish Exhaustion Signal: Occurs during a confirmed "Bearish Trend" when you see a bullish divergence (price makes a lower low, but CVD shows positive delta and a close higher than the open). This indicates the downtrend may be exhausted. How to Interpret the Visuals Volume Bars: Colored to match the cluster they belong to. Background Color: Shows the overall trend (light green for bullish, light red for bearish). Circle Markers (bottom): Green circles indicate a bullish trend, and red circles indicate a bearish trend. Triangles and Circles (top): Represent the specific cluster of each bar. Trend Exhaustion Markers: Triangles above/below the bar signal potential trend exhaustion. Info Table: An optional table provides a real-time summary of all key metrics for the current bar. Settings Volume EMA Length: Adjusts the moving average used for the Volume Z-score calculation. Z-Score Look Back: Defines the number of bars to use for the volume and CVD percentile calculation. Lower/Upper Cluster Percentile: Use these to adjust the sensitivity of the clustering. Tighter ranges (e.g., 25/75) capture more data, while wider ranges (e.g., 10/90) will only signal truly extreme events. Trend Lookback Bars: Controls how many recent bars are considered when determining the trend. This script offers a comprehensive and easy-to-read way to integrate volume, momentum, and trend analysis into your trading. Happy Trading!
Pine Script® indicator
by immediatePerso44773
Volume CandleVolume Candle (VolCandle) This indicator highlights candles with unusually high volume compared to a moving average volume baseline. It helps traders easily spot heavy trading activity that may signal strong buying or selling interest. Key Features: Colors candles differently based on volume and price action: High volume bullish candles shown in bright green. High volume bearish candles shown in red. Normal volume candles use muted silver/gray colors. Shows volume labels (in thousands) on high volume candles for quick reference. Highlights candle background on high volume bars for visual emphasis. Displays a statistical table summarizing current volume, volume moving average, threshold, volume ratio, and status. Configurable parameters for volume average period and volume threshold factor. Alerts for high volume bullish or bearish candles to catch key market moves. This tool is useful for volume-based trade confirmation, spotting breakouts, reversals, or strong momentum driven by increased market participation.
Pine Script® indicator
by zikzak-trader30
Premarket Hi/Lo + Prior Day O/C LevelsPremarket Hi/Lo + Prior Day O/C (today only) shows four clear reference levels for the current regular trading session: the Premarket High and Premarket Low (taken from a user-defined premarket window, 04:00–09:30 by default) and Yesterday’s 09:30 Open and 15:59 Close (sourced from the 1-minute feed for accuracy). The premarket levels “lock” at the opening bell so they don’t move for the rest of the day. All four lines are displayed only during today’s regular hours to keep the chart focused. Small right-edge labels and an optional top-right mini-table show the exact values at a glance. This indicator is designed to give immediate context without technical jargon. The premarket high/low summarize where price traveled before the bell; the prior-day open/close summarize where the last session began and ended. Checking whether price is above or below these markers helps you quickly judge strength or weakness and anticipate where price may pause, bounce, or break. Typical uses include watching for a clean break and hold above Premarket High (often bullish), a break and hold below Premarket Low (often bearish), drift back toward Prior Day Close after a gap (a common “magnet”), and flips around Prior Day Open that can lead to continuation. Setup: Turn on Extended Hours in TradingView so premarket bars are visible (Chart Settings → Symbol → Extended Hours). Apply the indicator to any intraday timeframe. In Inputs, you can change the premarket window to match your market, adjust colors and line widths, and toggle the floating labels and the mini-table. Times use the chart’s exchange time (for US stocks, Eastern Time). Notes and limits: Lines show only for today’s session (default 09:30–16:00). The script looks at the previous calendar day for “prior day,” so values may be empty after weekends or holidays when markets were closed. If your instrument uses different regular hours or you trade futures/crypto, adjust the premarket session in Inputs and—if needed—edit the regular-hours window in code to match. If your data source does not include premarket, the premarket lines will be blank. Best practice: The first 15–30 minutes after the open are where these levels have the most impact. Reactions are more meaningful when a line aligns with another tool you use (e.g., VWAP or your opening range). If price does not react clearly at a line, avoid forcing a trade.
Pine Script® indicator
by Blk0ut
Trend Analyzer MACD EnhancedTrend Analyzer MACD Enhanced Advanced trend analysis with MACD, RSI, Volume and Divergence detection! Overview This comprehensive indicator combines multiple technical analysis tools into one powerful visualization. It features dynamic background coloring, real-time signal strength calculation, and automatic divergence detection for complete market analysis. Key Features ✅ Multi-Indicator Analysis- MACD, RSI, and Volume in one indicator ✅ Divergence Detection - Automatic bullish and bearish divergence identification ✅ Dynamic Background - Color-coded trend zones with smooth transitions ✅ Signal Strength - Weighted calculation showing overall market sentiment (0-100%) ✅ Trend Change Detection - Visual markers for trend reversals ✅ Information Table - Real-time status of all indicators How It Works The indicator calculates signal strength using weighted analysis: - MACD (50%) - Primary trend momentum - RSI (30%) - Overbought/oversold conditions - Volume (20%) - Volume confirmation Signal Strength Range: -100% to +100% Visual Elements Background Colors: - 🟢 **Green** - Uptrend (intensity based on signal strength) - 🔴 **Red** - Downtrend (intensity based on signal strength) - ⚪ **Gray** - Neutral/sideways market Trend Markers: - 🔺 **Green Triangle Up** - Start of new uptrend - 🔻 **Red Triangle Down** - Start of new downtrend - 📏 **Vertical Lines** - Trend change confirmation Information Table Real-time display showing: - Trend - Current trend state with color coding - MACD - Direction and crossover status - RSI - Level and overbought/oversold status - Volume - Level and trend direction - Divergence - Current divergence status - Signal Strength - Overall percentage Alerts Built-in alerts for: - Strong Buy/Sell Signals - High probability setups - Divergence Signals - Early reversal warnings Settings MACD:Fast (12), Slow (26), Signal (9) RSI:Length (14), Overbought (70), Oversold (30) Volume:MA Length (20), Threshold (1.5x) Display:Toggle RSI, Volume, and Table visibility Best Practices 🎯 Works best in trending markets 📊 Use in separate window below main chart ⚡ Combine with price action analysis 🛡️ Always use proper risk management Pro Tips - Green background = Strong uptrend, Red background = Strong downtrend - Signal strength > 50% = Very bullish, < -50% = Very bearish - Watch for divergence signals for early reversal warnings - Use the information table for quick market assessment --- Created with ❤️ for the trading community This indicator is free to use for both commercial and non-commercial purposes.
Pine Script® indicator
by panzmoravy
Bitcoin vs. Gold correlation with lagBTC vs Gold (Lag) + Correlation — multi-timeframe, publication notes What it does Plots Gold on the same chart as Bitcoin, with a configurable lead/lag. Lets you choose how the series is displayed: Gold shifted forward (+lag on chart) — shows gold ahead of BTC on the time axis (visual offset). Gold aligned to BTC (gold lag) — standard alignment; gold is lagged for calculation and plotted in place. BTC 200D Lag (BTC shifted forward) — visualizes BTC shifted forward (like popular “BTC 200D Lag” charts). Computes Pearson correlations between BTC (no lag) and Gold (with lag) over multiple lookback windows equivalent to: 30d, 60d, 90d, 180d, 365d, 2y (730d), 3y (1095d), 5y (1825d). Shows a table with the correlation values, automatically scaled to the current timeframe. Why this is useful A common macro claim is that BTC tends to follow Gold with a delay (e.g., ~200 trading days). This tool lets you: Visually advance Gold (or BTC) to see that lead-lag relationship on the chart. Quantify the relationship with rolling correlations. Switch timeframes (D/W/M/…): everything automatically stays in sync. Quick start Open a BTC chart (any exchange). Add the indicator. Set Gold symbol (default TVC:GOLD; alternatives: OANDA:XAUUSD, COMEX:GC1!, etc.). Choose Lag value and Lag unit (Days/Weeks/Months/Years/Bars). Pick Visual Mode: To mirror those “BTC 200D Lag” posts: choose “BTC 200D Lag (BTC shifted forward)” with 200 Days. To view Gold 200D ahead of BTC: select “Gold shifted forward (+lag on chart)” with 200 Days. Keep Rebase to 100 ON for an apples-to-apples visual scale. (You can move the study to the left price scale if needed.) Inputs Gold symbol: external series to pair with BTC. Lag value: numeric value. Lag unit: Days, Weeks, Months (≈30d), Years (≈365d), or direct Bars. Visual mode: Gold shifted forward (+lag on chart) → gold is offset to the right by the lag (visual only). Gold aligned to BTC (gold lag) → standard plot (no visual offset); correlations still use lagged gold. BTC 200D Lag (BTC shifted forward) → BTC is offset to the right by the lag (visual only). Rebase to 100 (visual): rescales each series to 100 on its first valid bar for clearer comparison. Show gold without lag (debug): optional reference line. Show price tag for gold (lag): toggles the track price label. Timeframe handling The study uses the current chart timeframe for both BTC and Gold (timeframe.period). Lag in time units (Days/Weeks/Months/Years) is internally converted to an integer number of bars of the active timeframe (using timeframe.in_seconds). Example: on W (weekly), 200 days ≈ 29 bars. On intraday timeframes, days are converted proportionally. Correlation math Correlation = ta.correlation(BTC, Gold_lagged, length_in_bars) Lookback lengths are the bar-equivalents of 30/60/90/180/365/730/1095/1825 days in the active timeframe. Important: correlations are computed on prices (not returns). If you prefer returns-based correlation (often more statistically robust), duplicate the script and replace price inputs with change(close) or ta.roc(close, 1). Reading the table Window: nominal day label (e.g., 30d, 1y, 5y). Bars (TF): how many bars that window equals on the current timeframe. Correlation: Pearson coefficient . Background tint shows intensity and sign. Tips & caveats Visual offsets (offset=) move series on screen only; they don’t affect the math. The math always uses BTC (no lag) × Gold (lagged). With large lags on high timeframes, early bars will be na (normal). Scroll forward / reduce lag. If your Gold feed doesn’t load, try an alternative symbol that your plan supports. Rebase to 100 helps visibility when BTC ($100k) and Gold ($2k) share a scale. Months/Years use 30/365-day approximations. For exact control, use Days or Bars. Correlations on very short lengths or sparse data can be unstable; consider the longer windows for sturdier signals. This is a visual/analytical tool, not a trading signal. Always apply independent risk management. Suggested setups Replicate “BTC 200D Lag” charts: Visual Mode: BTC 200D Lag (BTC shifted forward) Lag: 200 Days Rebase: ON Gold leads BTC (Gold ahead): Visual Mode: Gold shifted forward (+lag on chart) Lag: 200 Days Rebase: ON Compatibility: Pine v6, overlay study. Best with: BTCUSD (any exchange) + a reliable Gold feed. Author’s note: Lead-lag relationships are not stable over time; treat correlations as descriptive, not predictive.
Pine Script® indicator
by viniciusbazan