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FVG valid MTF (Fair Value Gaps across Multiple Timeframes)This indicator automatically detects and displays Fair Value Gaps (FVGs) across multiple timeframes (1D, 4H, 1H, 30M, 15M, 5M). ✨ Features: Detects valid FVGs only when they appear after three consecutive candles in the same direction (bullish or bearish). Each gap is color-coded by direction (bullish / bearish) and changes color once mitigated. Automatic timeframe label inside each FVG box. Fully customizable: Minimum & maximum FVG size (in ticks), Extension length of boxes into the future (bars), Maximum number of FVGs displayed per timeframe. After mitigation, FVGs are visually updated, making it easy to see whether the market has respected the imbalance zone. 📊 Practical Use: Identify areas of imbalance where strong price reactions often occur. Monitor FVGs across multiple timeframes – from daily charts down to intraday. Useful for defining support/resistance zones, entry levels, or trade exits. ⚙️ Settings: Adjustable FVG colors for bullish, bearish, and mitigated states. Independent limit on how many FVGs are displayed for each timeframe. Optimized for clarity and chart performance.
Pine Script® indicator
by Patrik7s
GOLD – Dan Toma Patterns + Market Structure/OB [by Dragos] v3.2GOLD – Dan Toma Patterns + Market Structure/OB v3.2 (Panel x3 • Last R:R • Logical SL • HTF Filter) All-in-one XAUUSD tool blending Dan Toma patterns (P1–P4) with Internal/External Market Structure, Order Blocks, fixed liquidity (PDH/PDL & sessions), breakout short, dip-buy on trend, a live signals panel, and auto-draw Entry/SL/TP for the last signal. Includes an HTF EMA filter (with slope) and logical Stop Loss to keep signals disciplined. What it does P1 – Trend Reverse SELL: structure shift (BOS down) + Supply rejection (wick/engulf) and/or RSI overbought. P2 – Liquidity: hunts fixed liquidity: PDH/PDL and Asia/London/NY session highs/lows + wick rejection confirmation. BUY at PDL/session Lows, SELL at PDH/session Highs. P3 – Breakout Short: tight range (ATR/ATRma below threshold) + break under range LL with volume spike. P4 – Dip Buy: uptrend (EMA) + Demand + pullback to 61.8% (configurable) + RSI oversold. Market Structure + OB: marks CHoCH/BOS on Internal/External and draws Order Blocks from the last opposite candle at the break (box cap & custom colors). Auto R:R (last signal only): draws Entry/SL/TP1/TP2 (1.5R / 3R) for the most recent signal to keep the chart clean. Logical SL: choose Pivot, SD Box, or %ATR and force correct placement (BUY: SL below entry / SELL: SL above entry). HTF Filter: confirm direction with HTF EMA (custom TF/length), optional slope requirement (rising for BUY / falling for SELL). Panel x3: compact panel with the last N signals (time, pattern, side, entry, SL, TP1, TP2); place it in any corner. Quick workflow HTF context: enable HTF filter (e.g., EMA 200 on H4) to lock a clean bias. Structure & zones: let MS/OB mark CHoCH/BOS and Supply/Demand; look for confluence with PDH/PDL & session HLs. Triggers: SELL: P1/P2/P3 confluencing with Supply, BOS down, wick up, breakout volume. BUY: P2/P4 in Demand, uptrend, pullback near 0.618, RSI OS. Execution & management: confirm on bar close (optional repaintSafe), use logical SL, follow auto Entry/SL/TP lines of the last signal. Panel: monitor fresh events (timestamp + details) for quick validation/journaling. Key settings General: XAU/GOLD filter, close-bar confirmation, optional candle labels, show Entry/SL/TP for the last signal only. HTF: timeframe, EMA length, Need Slope toggle. Structure/OB: Internal/External/Both/Off, swing lengths, OB lookback, max OB boxes. Supply/Demand: pivot length (HH/LL) + wick fraction for imbalance detection. Liquidity: PDH/PDL on/off, sessions (Asia/London/NY) and session HLs. Breakout Short: range lookback, ATR/ATRma threshold, volume spike multiplier. Dip Buy: EMA trend length, target Fibo retracement. RSI/Volume: RSI length + OB/OS thresholds. SL/TP: Pivot / SD Box / %ATR, ATR length & multiplier, forceLogicalSL. Alerts (ready to use) P1 – Trend Reverse SELL P2 – Liquidity Short P2 – Liquidity Buy P3 – Breakout Short P4 – Dip Buy (Messages include current price; for auto-execution use your own bridge/automation.) Recommendations Timeframes: M5/M15 for entries, H1/H4 for context. Look for 2–3 confluences (MS, OB, PDH/PDL/sessions, RSI/volume) before validating a signal. Avoid flat, low-volume ranges or thin-liquidity periods. Disclaimer This is an analysis tool, not financial advice. Trading involves risk. Use strict risk management (risk < 1%/trade, R:R ≥ 1:2, mandatory SL) and test on demo/backtest before going live.
Pine Script® indicator
by craciun1dragos
Momentum Index [BigBeluga]The Momentum Index is an innovative indicator designed to measure the momentum of price action by analyzing the distribution of positive and negative momentum values over a defined period. By incorporating delta-based calculations and smoothing techniques, it provides traders with a clear and actionable representation of market momentum dynamics. 🔵 Key Features: Delta-Based Momentum Analysis: Calculates the momentum of price by comparing its current state to its value from a defined number of bars back. Inside a loop, it evaluates whether momentum values are above or below zero, producing a delta value that reflects the net momentum direction and intensity. Double EMA Smoothing: Smooths the raw delta-based momentum values with a double EMA filter, reducing noise and providing a clearer trend signal. tmi(len) => sum = 0.0 sum1 = 0.0 above = 0.0 below = 0.0 src_ = src - src for i = 0 to len sum := sum + (src_ > nz(src_ ) ? 1 : -1) sum1 := sum1 + (sum > 0 ? 1 : -1) sum1 := emaEma(sum1, 10) for i = 1 to len above := above + (sum1 > 0 ? 1 : 0) below := below + (sum1 > 0 ? 0 : 1) Directional Momentum Signals: Generates momentum shift signals and displays them on both the oscillator and the main chart: - △ Aqua Triangles: Represent upward momentum shifts. - ▽ Red Triangles: Represent downward momentum shifts. Dynamic Gradient Display: Highlights momentum zones with gradient fills: - Aqua shades for positive momentum (above zero). - Red shades for negative momentum (below zero). Dashboard Display: A dashboard summarizing the count of momentum values above and below zero for the defined period (Sentiment Length e.g. 100), helping traders assess market sentiment at a glance. 🔵 How It Works: The indicator takes price momentum as its source and evaluates the number of momentum values above and below zero within a defined period. The delta calculation aggregates this information, providing a net representation of the prevailing market momentum. A double EMA filter is applied to the delta values, smoothing the momentum line and enhancing signal clarity. Momentum shifts are highlighted with visual signals on the oscillator and price chart, while the gradient display provides a visual representation of intensity. 🔵 Use Cases: Momentum Tracking: Identify whether market momentum is predominantly bullish or bearish. Signal Confirmation: Use chart-based signals to confirm potential trend reversals or continuation. Analyze Market Strength: Leverage the dashboard to quickly assess the distribution of momentum over the chosen period. Overbought/Oversold Conditions: Utilize gradient zones to detect areas of momentum extremes and possible price exhaustion. Momentum Index offers a refined approach to analyzing momentum dynamics, combining delta-based calculations with smoothing techniques and intuitive visuals, making it an essential tool for traders looking to anticipate market movements effectively.
Pine Script® indicator
by BigBeluga
4
ICT Sessions & Killzones +PRO (VinceFxBT)ICT Sessions & Killzones +PRO (VinceFxBT) All in one Session and Killzone script for FX, Futures and Crypto markets. It includes London, New York, CBDR & Asia Sessions and Killzones. Features Includes London, New York, Asia, CBDR sessions Includes all ICT Killzones Extended session highs/lows up to 90s back, until mitigated. Set recurring alerts for session highs and lows Includes Indices price levels and opens Uses UTC timezones with automatic Daylight Saving Time so NO timezone correction needed ; ) Works out of the box for all regions, including different dates of DST for US/EU. Session highs/lows displayed on chart as lines, box or background color Customize line styles, width and colors Customize colors for Sessions and Killzones Optionally include weekends for Session or Killzone separately Optionally display day separators and labels Fully control which options are displayed at higher or lower timeframes. (e.g. hide sessions when timeframe is 1h or higher) Session display options Session Background Color. Session High & Low Lines, including Session Middle Line. Extended session highs/lows until mitigated Extended Session Highs & Lows until mitigated. Session Background Color with extended Asia Session Highs & Lows until mitigated. Set recurring alerts for session highs and lows Set automatic alerts when previous and/or current session levels are broken.
Pine Script® indicator
by Vincent139
GOLD – OB Clean + Internal/External Market Structure [Dragos]GOLD – OB Clean + Internal/External Market Structure All-in-one tool for XAUUSD that combines: Clean Order Blocks (Supply/Demand) derived from the last opposite candle after a BOS (break of structure) Internal & External Market Structure (CHoCH/BOS) with lines and labels Visual zone management: right extension, mitigation (first touch), invalidation (close beyond), and 50% midline How it works Structure & BOS Finds pivots (HH/LL) via Pivot len. Triggers BOS when price crosses the last confirmed swing. Order Blocks On BOS, scans the last N bars for the opposite candle (bear for BOS up / bull for BOS down) and draws the OB: Green = Demand, Red = Supply Optional: use wicks (high/low) or just the body (open/close). Mitigation: on first touch the zone fades or hides (per settings). Invalidation: if price closes beyond the zone, it turns gray or gets removed (per settings). Midline: 50% line for refined management (partial entries, R/R, etc.). Internal / External Structure Two structure layers: Internal (micro, shorter swing) and External (macro, longer swing). Displays CHoCH/BOS with labels; External lines can be dashed for clarity. Choose to show Internal, External, or Both. Key Settings Structure Pivot len (swing HH/LL) — pivot sensitivity. Order Blocks Lookback N bars for the opposite candle Use wicks — if on, zone uses high/low; otherwise just the body. Zone Management Extend zones to the right Hide zone after mitigation (touch) Fade zone after mitigation Remove zone when invalidated Show 50% line Max zones stored Colors: fill/border for Demand/Supply, 50% line color, Mitigated/Invalidated colors. General Only on XAU/GOLD (optional) — restricts execution to symbols containing “XAU”/“GOLD”. Market Structure (tab) Internal Swing Length / External Swing Length Show Internal/External Market Structure (Both / Internal / External) Colors for bullish/bearish MS Usage Guide Recommended timeframes: M5/M15 for entries, H1 for context. Workflow: Determine External (macro) direction. Look for BOS and OB in the same direction on Internal. Wait for mitigation (touch) inside the OB; the 50% line can be used for conservative entries. Good confluences: sessions (killzones), volume spikes, extreme RSI, MAs (add as separate indicators if needed). Visual Conventions Demand: green; Supply: red. Mitigated: faded yellow (or hidden if chosen). Invalidated: gray (or removed). 50% line: gray. Notes & Limits Pine v6. Object caps follow TradingView limits (max_* = 500). On long histories, increase “Max zones stored” carefully. BOS is computed when price crosses the last confirmed swing; some traders prefer “close-only” confirmation (can be customized if desired). This tool does not auto-generate BUY/SELL signals; it’s a context & zones assistant. Risk disclaimer: Trading involves risk. This tool is for educational analysis and does not guarantee profit. Use strict risk management (fixed SL, R:R ≥ 1:2, risk < 1% per trade).
Pine Script® indicator
by craciun1dragos
RSI-MACD-ADX + Dual SuperTrend ConfluenceKey Features: Confluence Logic: Buy signals only trigger when BOTH momentum AND SuperTrend are bullish Sell signals only trigger when BOTH momentum AND SuperTrend are bearish No conflicting signals - eliminates false entries when systems disagree Signal Types: STRONG BUY/SELL: Fresh momentum signal + Fresh SuperTrend alignment (maximum confidence) Regular BUY/SELL: Momentum bullish + Both SuperTrends bullish (high confidence) Customizable Settings: RSI Momentum Zones: Bullish (>55), Bearish (<45), Neutral (45-55) MACD Parameters: Fast (12), Slow (26), Signal (9) ADX Trend Filter: Threshold (25) for trend strength Dual SuperTrend: Two multipliers (2.0x and 3.0x) for confluence Signal Strength: Choose between Weak/Medium/Strong momentum requirements Visual Elements: SuperTrend Lines: Both multipliers displayed with different colors Background Highlighting: Green for bullish confluence, red for bearish Signal Arrows: Large arrows for strong signals, smaller for regular Comprehensive Table: Shows all component states and final confluence signal
Pine Script® indicator
by JKCBEVPS
BASICYou want a clear explanation of chart patterns (the shapes/structures price makes on charts) that traders use to identify possible future price movements. Let me break them down into two big groups: --- 📊 1. Continuation Patterns 👉 These suggest that the current trend (uptrend or downtrend) will likely continue. 🔹 Flag Bull Flag → Appears in an uptrend. Sharp upward move (flagpole) followed by a small downward/sideways channel (the flag). Bear Flag → Opposite, in a downtrend. 📌 Meaning: After the flag consolidation, price usually continues in the original direction. --- 🔹 Pennant Small symmetrical triangle after a strong move. Shows temporary pause before trend continuation. 📌 Meaning: Breakout usually follows in the direction of the main trend. --- 🔹 Rectangle Price moves between parallel support & resistance levels. Breakout usually happens in the direction of the prevailing trend. --- 📊 2. Reversal Patterns 👉 These suggest that the current trend may reverse direction. 🔹 Head & Shoulders Looks like a head with two shoulders. Head & Shoulders Top → Reversal from uptrend to downtrend. Inverse Head & Shoulders → Reversal from downtrend to uptrend. 📌 Key Level: The “neckline” → breakout confirms reversal. --- 🔹 Double Top & Double Bottom Double Top → Price tests resistance twice but fails, bearish reversal. Double Bottom → Price tests support twice but fails, bullish reversal. --- 🔹 Triple Top & Triple Bottom Same as double but with three tests. Stronger reversal signal. --- 🔹 Rounding Bottom (Saucer) Price gradually shifts from downtrend to uptrend, looks like a "U" shape. Very reliable for long-term reversals. --- 📊 3. Neutral / Indecision Patterns 👉 These show uncertainty – direction is confirmed only after breakout. 🔹 Symmetrical Triangle Price makes lower highs & higher lows (converging). Breakout can happen either side. 🔹 Ascending Triangle Flat resistance at top, higher lows forming. Usually bullish breakout. 🔹 Descending Triangle Flat support at bottom, lower highs forming. Usually bearish breakout. --- ✅ Summary for traders: Continuation = Flag, Pennant, Rectangle. Reversal = Head & Shoulders, Double/Triple Tops & Bottoms, Rounding Bottom. Neutral/Indecision = Triangles. --- Would you like me to make a visual chart image with all these patterns drawn, so you can see how they look on real candlesticks?
Pine Script® indicator
by jatingajjar75
Dow Theory Indicator## 🎯 Key Features of the Indicator ### 📈 Complete Implementation of Dow Theory - Three-tier trend structure: primary trend (50 periods), secondary trend (20 periods), and minor trend (10 periods). - Swing point analysis: automatically detects critical swing highs and lows. - Trend confirmation mechanism: strict confirmation logic based on consecutive higher highs/higher lows or lower highs/lower lows. - Volume confirmation: ensures price moves are supported by trading volume. ### 🕐 Flexible Timeframe Parameters All key parameters are adjustable, making it especially suitable for U.S. equities: Trend analysis parameters: - Primary trend period: 20–200 (default 50; recommended 50–100 for U.S. stocks). - Secondary trend period: 10–100 (default 20; recommended 15–30 for U.S. stocks). - Minor trend period: 5–50 (default 10; recommended 5–15 for U.S. stocks). Dow Theory parameters: - Swing high/low lookback: 5–50 (default 10). - Trend confirmation bar count: 1–10 (default 3). - Volume confirmation period: 10–100 (default 20). ### 🇺🇸 U.S. Market Optimizations - Session awareness: distinguishes Regular Trading Hours (9:30–16:00 EST) from pre-market and after-hours. - Pre/post-market weighting: adjustable weighting factor for signals during extended hours. - Earnings season filter: automatically adjusts sensitivity during earnings periods. - U.S.-optimized default parameters. ## 🎨 Visualization 1. Trend lines: three differently colored trend lines. 2. Background fill: green (uptrend) / red (downtrend) / gray (neutral). 3. Signal markers: arrows, labels, and warning icons. 4. Swing point markers: small triangles at key turning points. 5. Info panel: real-time display of eight key metrics. ## 🚨 Alert System - Trend turning to up/down. - Strong bullish/bearish signals (dual confirmation). - Volume divergence warning. - New swing high/low formed. ## 📋 How to Use 1. Open the Pine Editor in TradingView. 2. Copy the contents of dow_theory_indicator.pine. 3. Paste and click “Add to chart.” 4. Adjust parameters based on trading style: - Long-term investing: increase all period parameters. - Swing trading: use the default parameters. - Short-term trading: decrease all period parameters. ## 💡 Parameter Tips for U.S. Stocks - Large-cap blue chips (AAPL, MSFT): primary 60–80, secondary 25–30. - Mid-cap growth stocks: primary 40–60, secondary 18–25. - Small-cap high-volatility stocks: primary 30–50, secondary 15–20.
Pine Script® indicator
by boyue_sw
Mikey’s Strategy (AutoEMA+) ⚙️ Core Idea: A long-only EMA crossover strategy that automatically selects the optimal EMA length (5–25) based on historical performance using a custom scoring system. 🎯 Entry Conditions: Price crosses above the selected EMA. (Optional) Price is above HTF EMA200 (higher timeframe trend). (Optional) ADX is above a minimum threshold. (Optional) Volume is above average × multiplier. A cooldown period has passed since the last exit. ❌ Exit Condition: Price closes fully below the EMA (current candle: high, low, and close all below), and the previous candle was above or touched the EMA. 🧠 Auto EMA Selection Logic: Scans EMAs in the range (e.g., 8–21) every N bars. Scores each EMA based on: Time price spent above the EMA Respect for EMA (touches) Trend consistency Distance from EMA (when above) Picks the EMA with the highest valid score, and updates only if it’s significantly better. 🛡️ Risk Management: No pyramiding (1 position max). Cooldown period after exit. No hard stop loss or take profit. 📊 Visuals & Alerts: Plots the selected EMA and optional HTF EMA200. Entry markers and info label on the chart. Alerts for valid entries and filtered signals.
Pine Script® strategy
by Mikey1411
Keks Key Level Fx SessionsThis script is designed to automatically plot and manage key levels for the major FX trading sessions (London, New York, and Asia). It helps traders identify the most relevant price areas that often act as support, resistance, or breakout zones during active market hours. Key features: Marks session highs, lows, and midpoints Visualizes key intraday levels for better market structure analysis Highlights potential breakout and retest areas Works across multiple timeframes for flexibility Clean and minimal chart design to avoid clutter This tool is especially useful for traders who rely on session-based strategies, such as breakout trading, retests, or range trading, by providing a clear visual guide to the most important price zones.
Pine Script® indicator
by Keks073
Sectoral Stock Top-to-Down Screener : ⭐ Sectoral Stock Top-to-Down Screener Analysis ⭐ This Screener indicator provides a bird's-eye view of the Market's important indices, sectors and Stocks listed in those sectors. 1: It represents a Screener Table that shows the (%) percentage change of the market, Sectors and all the Stocks (listed via input) . The color represents the Trend of the Previous day and the current day compared to Nifty50 Index. 2: The %percentage change is dependent on the Time-Frame selection: This Input allows users to look at the Major Index > sectors > stocks in their specific time frame. 3: It has a alert function, which can trigger for all symbols/securities in the table. Irrespective of Trading View Free or Paid user, this alert works for all . 4: Compatible with All Devices (Laptop / Mobile / Tablet / PC)
Pine Script® indicator
by TradeWithKeshhav
Smoothise RSI indicateur BETA V1 020925H2231**Indicator Description: "Smoothise RSI indicateur BETA V1 020925H2231"** **General Functionality:** This advanced indicator analyzes multi-timeframe momentum using smoothed RSI values across different periods (M1 to H1) to identify trends and potential reversal points. **Key Features:** **📊 Multi-Timeframe Fusion:** - Combines data from 6 different timeframes (M1, M5, M15, M30, M45, H1) - Each timeframe has customizable smoothing parameters - Intelligent M1 compression to fit within the M5/M15 cloud **🎨 Clear Visualization:** - Distinct colored curves for each timeframe - Colored clouds between M5/M15 and M30/M45 curves - Blue background to identify Thursdays - RSI level lines at 20, 50, and 80 **⚡ Trading Signals:** - **Crossover triangles**: Visual signals for M5/H1 and M5/M15 crossovers - **Dynamic colors**: Clouds change color according to trend (green bullish, red bearish, purple neutral) - **Special green cloud**: Activates when M5 drops below 20 RSI **🎯 Advanced Customization:** - Individual settings for each SMA (length and smoothing) - Complete style options: colors, thickness, triangle sizes - Total visual customization of all elements **💡 Practical Use:** - Identify multi-timeframe trends - Spot convergences/divergences between timeframes - Detect potential reversal points - Confirm signals with multiple timeframes **Target Audience:** Experienced traders looking for multi-timeframe momentum analysis with advanced and customizable visualization. *Ideal for swing trading and day trading across all asset classes.*
Pine Script® indicator
by Neo211982
Bulls vs Bears % TableBulls vs Bears % Box What it does Shows a compact on-chart box with the percentage of volume attributed to Bulls vs Bears over a window you choose. It’s a fast market-internals glance to gauge who’s in control right now. What’s original/useful Configurable inference: choose how “bull/bear” is defined (Tick-Rule, Candle Body, Heikin-Ashi Body, or VWAP comparison). Flexible windowing: Session (RTH) reset or Rolling N bars—match your intraday workflow. Clean UI: tiny table with custom colors and nine anchor placements; designed to overlay any layout without clutter. How it works (simple) For each bar, the script infers direction with one of four rules and assigns that bar’s volume to Bulls or Bears: Tick-Rule (close vs previous close) – responsive in chop (default). Body (close vs open) – classic candle color approach. Heikin-Ashi Body – smoother trend read using HA open/close. VWAP (close vs VWAP) – bull if the bar closes above VWAP, bear if below. Optional: doji split 50/50. The box displays the Bull % and Bear % of the accumulated window. Settings Window: Session (RTH) with editable hours/days, or Rolling N bars. Direction Rule: Tick-Rule, Body, Heikin-Ashi Body, or VWAP. Doji Handling: Split doji volume 50/50 (on/off). Placement: 9 anchors (Top/Middle/Bottom × Left/Center/Right). Colors: Header, background, border, and dominant/sub text colors for Bulls/Bears. How to read it Bulls % > Bears % → buyer dominance; continuation more likely. Bears % > Bulls % → seller dominance; watch for rallies to fail. Extreme imbalance (e.g., >60–70% one side) → strong push but also pullback risk as the move matures. Limitations & transparency Uses volume-based inference, not true bid/ask delta (TradingView does not expose tape-level buy/sell splits). Results vary by rule/window; pick one and stay consistent for your playbook. No forward-looking data; no lookahead is used. This is not a signal generator or a strategy. Best practices Index futures/indices intraday: Session (RTH) + Tick-Rule is a solid default. Trend days: try Heikin-Ashi Body for smoother dominance. Mean-reversion: watch for extremes reverting toward balance. No external code reused.
Pine Script® indicator
by danhuck365
Moons Bearish Pullback Detector# Moons Bearish Pullback Detector ## Overview **Moons Bearish Pullback Detector** is a trend following indicator intended to identify bearish trend pullbacks to enter on price continuation. This indicator is useful for setting watchlist alerts! Configure your pullback rules and have it monitor your watchlist for you. You will be alerted when pullbacks have occurred and are starting to continue in the trend direction. ## How It Works ### Bearish Trend Detection The indicator identifies a bearish trend based on a configurable MA basis ### Pullback Identification Once in a bearish trend, the indicator tracks: Swing Lows: Continuously monitors and updates the lowest point in the trend Pullback Start: Detects the first green candle after establishing new lows Pullback Duration: Monitors pullback length (configurable number of bars) Pullback Depth: Ensures pullbacks don't violate a key moving average (optional) ### Multi-Layer Filtering System The indicator employs several optional filters to ensure signal quality: Volume Filter: Set a minimum daily volume to ensure sufficient liquidity Pullback Duration Filter: Pick a min and max bar count you like to see in a pullback. Pullback Depth Filter: Monitors that pullbacks don't close above the desired EMA, maintaining trend strength Validation Filter: Checks higher timeframe moving average for trend confirmation Context Filter: Analyzes even higher timeframe for broader market context ### Alert System The indicator generates alerts when: All filtering conditions are met Price crosses back below the configured alert line This signals potential continuation of the bearish trend and gives warning to place potential orders ## Key Features ### Alerts The indicator is useful for driving a watchlist alert to notify you when a pullback is starting to continue the trend. ### Visual Elements Bollinger Bands: Optional display of 1 and 2 standard deviation bands Moving Averages: 20 EMA (basis), 50 EMA, and 10 EMA (pullback filter) Trend High Line: Yellow line showing current swing low during pullbacks Alert Line: Entry signal line positioned below swing low Background Highlighting: Gray for normal pullbacks, red tint when rules aren't met Labels: Price labels at swing lows and depth violation warnings Wick Detection: Tags bullish and bearish wicks for helpful spotting in your analysis ### Information Table Comprehensive status table to show the state of your filters and rules as price plays out. ### Configuration Options Moving average settings Display Options Alert Configuration Filter Settings ## Best Use Cases Swing Trading: Identify high-probability entries during trend pullbacks Trend Following: Stay aligned with strong bearish momentum Risk Management: Multiple filters help avoid false signals Multi-Timeframe Analysis: Ensures broader market context alignment ## Trading Applications This indicator works best when: Markets are in clear downtrends Sufficient volume is present Multiple timeframes align Used in conjunction with proper risk management The Moons Pullback Detector provides traders with a systematic approach to identifying and capitalizing on pullback opportunities in strong bearish trends, combining technical rigor with practical usability. --- *Note: This indicator is for educational purposes. Past performance does not guarantee future results. Always use proper risk management and consider multiple factors when making trading decisions.*
Pine Script® indicator
by ToTheMoonTrading