🔄 QuantSignals AI Reversal Pro🔄 QuantSignals AI Reversal Pro — 78%+ Win Rate Reversal Detection
🚀 Catch Market Tops & Bottoms with AI-Powered Precision!
This powerful script brings you professional-grade reversal signals—built on cutting-edge AI, smart confluence logic, and rigorous backtesting.
Whether you’re swing trading, scalping, or position trading, this tool is your new edge.
🎯 Why Traders Love QS AI Reversal Pro:
✅ 78%+ Win Rate on major timeframes (tested on S&P 500, tech stocks, crypto)
🔄 AI-powered oversold/overbought reversal detection
📊 Built-in divergence detection engine (RSI, price, volume)
⚖️ Mean reversion zones + VWAP extremes + Bollinger Band signals
💎 High-Probability Mode: Filters only A+ setups for premium entries
🧠 Confluence Engine: Assigns quality scores to each reversal
🔔 Smart Alerts: Reversal alerts + divergence + premium triggers
🏆 Live Win Rate Tracker on your chart with quality % dashboard
🧠 Powered by QuantSignals AI Engine
This is a limited free version of our proprietary 85%+ win rate reversal algorithm—join our Discord to unlock:
🔐 Institutional-level AI reversal strategy
📈 Real-time confluence dashboards across timeframes
🎯 Custom reversal alerts with entry/exit/stop targets
💬 Live strategy signals, backtests & expert community
💥 Perfect For:
🔁 Reversal traders (crypto, stocks, futures)
⏱ Scalpers & 15m–4H swing traders
📊 Mean reversion systems
🧪 Traders who want data-driven signal confidence
📌 How It Works:
Every signal is based on multi-layer confluence:
Oversold/Overbought + Divergence + VWAP/BB + Volume Surge
Optional: Only show signals with minimum Risk:Reward (e.g. 1:2.5)
Each signal is scored, and you’ll see real-time win rate on-screen
Reversal zones highlighted via color-coded backgrounds
📺 On-Chart Display:
🔄 BUY / SELL Reversal Labels (color-coded for high-probability)
📉 Divergence Lines (bullish & bearish)
🧮 Signal Quality % + Live Win Rate
⚠️ Alerts on all major events (standard + high-prob + divergence)
🔓 Upgrade to Premium (in Discord):
✅ Access full 85%+ win rate reversal model
🧠 AI pattern recognition engine
🔍 Multi-timeframe signal agreement
💡 Institutional order-flow reversal tracking
📊 Backtests + optimization support
🚨 Advanced alerts + automation-ready signals
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💬 Discord: discord.gg/quantsignals
🎓 Learn the reversal strategies that top traders use
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Note: This script is a visual indicator and not a strategy tester. For full backtest-ready premium strategy, please contact us on Discord.
Reversal
BG's SPEAR - SPY Precision Entry & Reversal (5min)BG's SPEAR - SPY Precision Entry & Reversal
Advanced Technical Analysis for SPY Intraday Trading
📊 Overview
BG's SPEAR is a comprehensive technical indicator designed for SPY intraday trading, combining multiple momentum oscillators and trend analysis to identify high-probability entry and exit points. The system integrates classic technical analysis with modern volatility filtering for enhanced signal quality.
🎯 Signal Types
Primary Signals:
Triangle markers indicate momentum-based entry opportunities
Enhanced signals provide additional confluence for higher-confidence trades
Color-coded system for easy visual identification
Supporting Analysis:
VWAP integration for institutional-level price analysis
Volatility-based filtering to focus on optimal market conditions
Session-specific optimization for intraday trading windows
📈 Key Features
✅ Multi-timeframe analysis with optimized parameters
✅ Risk management tools including target and stop visualization
✅ Customizable filtering for different market conditions
✅ Clean visual interface with minimal chart clutter
⚙️ Customization Options
Volatility threshold controls for signal frequency
Session time filtering for optimal trading windows
Target distance settings based on market volatility
Quality filters for signal refinement
Visual customization options
📋 Recommended Use
Best Performance:
SPY on 5-minute timeframes during regular market hours
Active trading sessions with adequate volatility
Experienced traders familiar with momentum-based strategies
Configuration:
Use default settings as starting point
Adjust volatility filters based on market conditions
Customize session times for your trading schedule
⚠️ Risk Disclosure
This indicator is for educational and analytical purposes only. All trading involves substantial risk of loss. Past performance does not guarantee future results. Users should conduct their own analysis and consult with qualified professionals before making trading decisions.
🔧 Technical Notes
Built using advanced Pine Script features including:
Multi-oscillator confluence analysis
Dynamic volatility adaptation
Professional-grade risk visualization
Optimized for SPY market microstructure
Swing ReversalSwing Reversal — Indicator Description
What is the Swing Reversal Indicator?
The Swing Reversal indicator is designed to identify high-probability price rejection zones that could mark the beginning of a short- to medium-term reversal. It is based on technical price action patterns, momentum analysis, and volume behavior.
Rather than relying on trend-following signals, this tool looks for localized reversals that occur after failed breakouts or exhaustion moves — typically seen as wick-heavy rejection candles that sweep liquidity and then sharply reverse.
How Does It Work?
The Swing Reversal indicator analyzes a combination of price structure, candle behavior, momentum, and market participation to detect potential reversal points in the market.
It identifies candles that exhibit key characteristics of rejection and liquidity sweeps — commonly seen during turning points in swing trends. These candles are typically marked by:
A sharp rejection of price in one direction
A localized break of recent structure
Subtle shifts in momentum and volume
The indicator uses multiple filters to reduce noise and ensure that signals are based on meaningful price action, not random wicks or volatility spikes.
All signal logic is parameterized — allowing you to fine-tune the detection sensitivity to match the behavior of different assets or market conditions.
Best Used On:
This is a swing-based tool — not intended for scalping or ultra-short-term trading.
📌 For best results, use it on:
1H, 2H, 4H, 12H
Daily and 3D
It performs best when paired with:
Support/resistance zones
Trendline or structure analysis
Momentum confirmation (e.g., divergence, breakout follow-through)
⚠️ Caution
This indicator does not predict tops or bottoms. It identifies technical conditions for potential reversals, and should always be used with confirmation and sound risk management.
Here are some usecases:
Intelligent Moving📈 Intelligent Moving — Self-Adjusting Trend Bands with Neural Optimization
Description
Intelligent Moving is a closed-source indicator for trend analysis and breakout detection. It uses a central moving average, ATR-based deviation bands, and a self-optimizing algorithm powered by virtual trade simulation and a simple neural network (perceptron). The tool adjusts its core parameters in real time, allowing it to dynamically adapt to evolving market conditions without manual intervention.
🧩 Structure and Visual Elements
The indicator displays:
- 📍 Central Moving Average Line: The trend baseline.
- 📊 ATR-Based Deviation Bands: Upper and lower lines offset from the MA using an adaptive multiplier.
- 📈 Trend Coloring: All three lines change color based on whether the price is trending above or below the MA.
- 🔼🔽 Signal Arrows: Buy/sell arrows appear when the price reverts from an overextended zone.
🔍 Detailed Logic of Calculations
1. Moving Average
The center line is a moving average whose period is dynamically optimized based on historical performance. It reflects the current trend direction and is used for band calculations and signal logic.
2. ATR-Based Deviation Bands
Deviation bands are calculated as:
- Upper Band = MA + ATR × UpperDeviation
- Lower Band = MA − ATR × LowerDeviation
These bands do not use standard deviation. Instead, the ATR (with the same period as the MA) is multiplied by deviation coefficients, which are optimized in real time.
3. Trend Coloring
The indicator colors the bands based on the relative position of price closes:
- Bullish Trend (e.g., Blue): Recent closes are above the MA.
- Bearish Trend (e.g., Red): Recent closes are below the MA.
This helps traders visually identify the dominant trend at a glance.
🎯 Signal Generation Logic
🔼 Buy Signal:
- Price closes below the lower band for one or more bars.
- Then, a bar closes back above the lower band.
🔽 Sell Signal:
- Price closes above the upper band for one or more bars.
- Then, a bar closes back below the upper band.
Signals are reversion-based, not triggered by classical crossovers or oscillators. They aim to detect price exhaustion followed by reversal.
🧠 Neural Optimization Engine
The key innovation in Intelligent Moving is a lightweight neural self-optimization system.
🧪 Virtual Trade Simulation
At regular intervals (e.g., every 100 bars), the indicator performs simulations:
- Virtual Buy Entry: When price closes below the lower band and then closes above.
- Virtual Sell Entry: When price closes above the upper band and then closes below.
- Virtual Stop-Losses:
- - For longs: one pip below the lowest low during the signal zone.
- - For shorts: one pip above the highest high during the signal zone.
- Virtual Take-Profit Conditions:
- - Longs close when price closes above the MA.
- - Shorts close when price closes below the MA.
Simulated profits are calculated for each combination of parameters.
🔄 Neural Optimization Process
Using the results of these virtual trades, the built-in perceptron neural network evaluates:
- A range of moving average periods
- A range of upper and lower deviation coefficients
You define the optimization boundaries through:
- Base value
- Step size
- Number of passes
- Whether to base the search on the original value or the last-best result
The perceptron selects the best-performing combination, which is then used until the next optimization cycle.
This enables the indicator to continuously adapt to changing market dynamics.
🚀 Why Use Intelligent Moving?
- ✅ Dynamic self-optimization using neural logic
- ✅ Reversion-based signal system
- ✅ Visual trend clarity through adaptive coloring
- ✅ No manual tuning required
- ✅ Customizable visuals and alerts
⚠️ Additional Notes
- This script is closed-source, but the description provides sufficient transparency about its logic and mechanisms as required by TradingView rules.
- It does not repaint signals.
- The built-in training is purely historical, and parameters are only updated between intervals — not retroactively.
- Due to the complexity of the internal training and optimization logic, the script may take longer to load, especially when deep simulation depth or a large number of passes is selected.
- In rare cases, TradingView may show a “Script execution timeout” error if the combined loop workload exceeds platform limits. If that happens, try reducing:
- - Neurolearning Rates Depth
- - Neurolearning Periods Passes
- - Neurolearning Deviations Passes
Expansion Triangle [TradingFinder] MegaPhone Broadening🔵 Introduction
The Expanding Triangle, also known as the Broadening Formation, is one of the key technical analysis patterns that clearly reflects growing market volatility, increasing indecision among participants, and the potential for sharp price explosions.
This pattern is typically defined by a sequence of higher highs and lower lows, forming within two diverging trendlines. Unlike traditional triangles that converge to a breakout point, the expanding triangle pattern becomes wider over time, leaving no precise apex for a breakout to occur.
From a price action perspective, the pattern represents a prolonged tug-of-war between buyers and sellers, where neither side has taken control yet. Each aggressive swing opens the door to new opportunities whether it's a trend reversal, range trading, or a momentum breakout. This dual nature makes the pattern highly versatile across market conditions, from exhausted trend ends to volatile consolidation zones.
The custom-built indicator for this pattern uses a combination of smart algorithms and detailed analysis of swing dynamics to automatically detect expanding triangles and highlight low-risk entry points.
Traders can use this tool to capitalize on high-probability setups from shorting near the upper edge of the structure with confirmation, to trading bearish breakouts during trend continuations, or entering long positions near the lower boundary during bullish reversals. The chart examples included in this article demonstrate these three highly practical trading scenarios in live market conditions.
A major advantage of this indicator lies in its structural filtering engine, which analyzes the behavior of each price leg in the triangle. With four adjustable filter levels from Very Aggressive, which highlights all potential patterns, to Very Defensive, which only triggers when price actually touches the triangle's trendlines the indicator ensures that only structurally sound and verified setups appear on the chart, reducing noise and false signals significantly.
Long Setup :
Short Setup :
🔵 How to Use
The pattern typically forms in conditions of heightened uncertainty and volatility, where price swings generate a series of higher highs and lower lows. The expanding triangle consists of three key legs bounded by diverging trendlines. The indicator intelligently analyzes each leg's direction and angle to determine whether a valid pattern is forming.
At the core of the indicator’s logic is its leg filtering system, which controls the quality of the pattern and filters out weak or noisy setups. Four structural filter modes are available to suit different trading styles and risk preferences. In Very Aggressive mode, filters are disabled, and the indicator detects any pattern purely based on the sequence of swing points.
This mode is ideal for traders who want to see everything and apply their own discretion.
In Aggressive mode, the indicator checks whether each new leg extends no more than twice the length of the previous one. If a leg overshoots excessively, the structure is invalidated.
In Defensive mode, the filter enforces a minimum movement requirement each leg must move at least 2% of the previous one. This prevents the formation of shallow, weak patterns that visually resemble triangles but lack substance.
The strictest setting, Very Defensive, combines all previous filters and additionally requires the price to physically touch the triangle’s trendlines before issuing a signal. This ensures that setups only appear when real market interaction with key structural levels has occurred, not based on assumptions or geometry alone. This mode is ideal for traders seeking maximum precision and minimal risk.
🟣 Bullish Setup
A bullish setup within the Expanding Triangle pattern occurs when price revisits the lower support boundary after a series of broad swings typically near the third leg of the formation. This area often represents a shift in momentum, where sellers begin to lose strength and buyers prepare to take control.
Ideally, the setup is accompanied by a bullish reversal candle (e.g. doji, pin bar, or engulfing) near the lower trendline. If the Very Defensive filter is active, the indicator will only issue a signal if price makes a confirmed touch on the trendline and reacts from that level. This significantly improves signal accuracy and filters out premature entries.
After confirmation, traders may choose to enter a long position on the bullish candle or shortly afterward. A logical stop-loss is placed just below the recent swing low within the pattern. The target can be set at or near the upper trendline, or projected using the full height of the triangle added to the breakout point. On higher timeframes, this reversal often marks the beginning of a strong uptrend.
🟣 Bearish Setup
A bearish setup forms when price climbs toward the upper resistance trendline, usually as the third leg completes. This is where buyers often begin to show exhaustion, and sellers step in with strength providing an ideal low-risk entry point for short positions.
As with the bullish setup, if the Candle Confirmation filter is enabled, the indicator will only show a signal when a bearish reversal candle forms at the point of contact. If Defensive or Very Defensive filters are also active, the setup must meet strict criteria of proportionate leg movement and an actual trendline touch to qualify.
Once confirmed, traders can enter on the reversal candle, placing a stop-loss slightly above the recent high. The target can be set at the lower trendline or calculated based on the triangle's full height, projected downward. This setup is particularly useful at the end of weak bullish trends or in volatile market tops.
🔵 Settings
🟣 Logic Settings
Pivot Period : Defines how many bars are analyzed to identify swing highs and lows. Higher values detect larger, slower structures, while lower values respond to faster patterns. The default value of 13 offers a balanced sensitivity.
Pattern Filter :
Very Aggressive : Detects all patterns based on point sequence with no structural checks.
Aggressive : Ensures each leg is no more than 2x the size of the previous one.
Defensive : Requires each leg to be at least 2% the size of the previous leg.
Very Defensive : The strictest level; only confirms patterns when price touches trendlines.
Candle Confirmation : When enabled, the indicator requires a valid confirmation candle (doji, pin bar, engulfing) at the interaction point with the trendline before issuing a signal. This reduces false entries and improves entry precision.
🟣 Alert Settings
Alert : Enables alerts for SSS.
Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.
Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'.
🔵 Conclusion
The Expanding Triangle pattern, with its wide structure and volatility-driven nature, represents chaos but also opportunity. For traders who can read its behavior, it provides some of the most powerful setups for reversals, breakouts, and range-based trades. While the pattern may seem messy at first glance, it is built on clear logic and when properly detected, it offers high-probability opportunities.
This indicator doesn’t just draw expanding triangles it intelligently evaluates their structural quality, validates price interaction through candle confirmation, and allows the trader to fine-tune the detection logic through adjustable filter levels. Whether you’re a reversal trader looking for a turning point, or a breakout trader hunting momentum, this tool adapts to your strategy.
In volatile or uncertain markets, where fakeouts and sudden shifts are common, this indicator can become a cornerstone of your trading system helping you turn volatility into structured, high-quality opportunities.
SMEMA Trend CoreSMEMA Trend Core is a multi-timeframe trend analysis tool designed to provide a clean, adaptive and structured view of the market’s directional bias. It can be used in short term, swing or long term contexts. The internal calculation adjusts automatically based on the selected trading style, while always combining data from six timeframes.
At its core, the indicator uses a SMEMA, which is a Simple Moving Average applied to an EMA. This combination improves smoothness without losing reactivity. The SMEMA is calculated separately on 1H, 4H, 1D, 3D, 1W and 1M timeframes. These six values are then combined using dynamic weights that depend on the trading mode:
Short Term mode gives more influence to 1H and 4H
Swing Trading mode gives more influence to 1D, 3D and 1W
Long Term mode gives more influence to 1W and 1M
However, all six timeframes are always included in the final result. This avoids the tunnel vision of relying on a single resolution and ensures that the indicator captures both local and structural movements.
The result is a synthetic trend line, called Global SMEMA, that adapts to market conditions and offers a realistic view of the ongoing trend. To enhance the reading, the indicator calculates a Trend Score. This score reflects the position of price relative to the Global SMEMA, scaled by a long-term ATR, and adjusted by the slope of the trend line. A hyperbolic tangent function is used to normalize values and reduce distortion from outliers.
The final score is capped between -10 and +10, and used to define the trend state:
Green when the trend is bullish (score > +1.5)
Red when the trend is bearish (score < -1.5)
Brown when the trend is neutral (score between -1.5 and +1.5)
Optional Deviation Bands can be displayed at ±1, ±2 and ±3 ATR distances around the central line. These dynamic zones help identify extended price movements or potential support and resistance areas, depending on the current trend bias.
Main features:
A single, stable trend line based on six timeframes
Automatic rebalancing depending on trading mode
Quantified score integrating distance and slope
No overreaction to short-term noise
Deviation zones for advanced market context
No repainting, no lookahead, 100% real-time
SMEMA Trend Core is not a signal tool. It is a directional framework that helps you stay aligned with the real structure of the market. Use it to confirm setups, filter trades or simply understand where the market stands in its trend cycle.
RSI Divergence✅ What does the script do?
It calculates RSI and looks for divergences between RSI and price.
It checks bullish divergence when price makes a lower low, but RSI makes a higher low (potential reversal upwards).
It checks bearish divergence when price makes a higher high, but RSI makes a lower high (potential reversal downwards).
It only considers divergences within a certain bar distance range (user adjustable: minimum and maximum bars between the two points).
When a divergence is found, it:
Draws a line connecting the two points of divergence.
Plots a small triangle on the chart (below bars for bullish, above bars for bearish).
Optionally triggers an alert so you can be notified.
It does not repaint because it confirms divergence only after the second pivot forms.
✅ Simple & Informative Description
RSI Divergence Indicator
This indicator helps identify potential bullish and bearish divergences between price and the RSI (Relative Strength Index).
Bullish divergence:
Price makes a lower low, but RSI makes a higher low → shown with a green triangle and a green line connecting the lows.
Bearish divergence:
Price makes a higher high, but RSI makes a lower high → shown with a red triangle and a red line connecting the highs.
The script has user settings to:
Adjust the RSI length.
Set overbought/oversold levels.
Define the minimum and maximum bar distance between divergence points.
When a valid divergence is detected, the indicator plots the signal on the chart and can trigger an alert.
This is a visual aid to spot possible reversal areas based on RSI divergence. It doesn’t give trade entries on its own but can be combined with other tools for confirmation
SYRAX (SIMPLE RANGE)SYRAX (SIMPLE RANGE) is a minimalist indicator designed for traders who focus on range breakouts. If you’re someone who just needs one clean and consistent range plotted every day to execute your strategy, this tool is for you.
The indicator defines a customizable time range on your chart and highlights the high and low of that session, helping you visualize potential breakout zones. A vertical line can also be drawn at a specific time each day to assist with your session planning.
Features:
• Automatically draws the daily range box based on your chosen start and end time.
• Timezone setting to align the range with your local or market session.
• Clean visuals with editable box color, border, and text labels.
• Optional extended range lines and vertical session markers.
Whether you’re trading early session breakouts or waiting for liquidity sweeps, SYRAX gives you the structure you need — nothing more, nothing less.
Reversal IndicatorWhat does this indicator do?
This indicator is designed to help traders spot potential reversal points in the market by combining multiple conditions:
✅ Multi-Timeframe RSI – Checks RSI on a lower timeframe (like 5m) to see if the market is oversold or overbought.
✅ Higher Timeframe SMA Filter – Uses a higher timeframe SMA (like 1h) as a trend filter, so signals only trigger in the direction of the bigger trend.
✅ Candle Pattern Confirmation – Looks for bullish or bearish engulfing candles to confirm price exhaustion before signaling a reversal.
When all these conditions align, the indicator plots a triangle under/above the candle to highlight a possible reversal.
Why is this useful?
Many traders struggle with false RSI signals or candle patterns that fail because they don’t respect the larger trend.
This indicator filters out weak setups by requiring alignment between:
A lower timeframe RSI oversold/overbought condition,
A higher timeframe trend filter (SMA),
And a strong candle reversal pattern.
This multi-layer approach helps avoid chasing every RSI dip and focuses only on high-probability reversal zones.
How does it work?
Bullish reversal signal → appears when RSI on the lower TF is oversold, price is still above the higher TF SMA (trend still intact), AND a bullish engulfing candle forms.
Bearish reversal signal → appears when RSI on the lower TF is overbought, price is below the higher TF SMA, AND a bearish engulfing candle forms.
When all conditions match, the indicator plots a triangle under the candle for bullish signals and above the candle for bearish signals.
How to use it?
Choose your timeframes:
A timeframe for trend filtering (e.g. 1h).
A timeframe for RSI (e.g. 4h).
NOTICE: THE RSI TIMEFRAME SHOULD BE GREATER THEN THE TIMEFRAME FOR THE SMA
Otherwise it will not generate that much signals.
Watch for signals ONLY in the direction of the higher trend.
Use the signals as potential reversal points, not as guaranteed entries. Combine with your own confluence.
Optionally set alerts for bullish or bearish reversal conditions so you never miss a setup.
Customization
✅ Choose your RSI length & overbought/oversold levels.
✅ Select which timeframes you want for SMA & RSI.
✅ Toggle the higher TF SMA display on/off.
✅ Adjust signal appearance (triangles).
Important Notes
⚠️ This is not a standalone trading system. It’s a tool to help spot possible reversal areas. Always confirm with price action, support/resistance, or your own strategy
Universal Renko Bars by SiddWolfUniversal Renko Bars or UniRenko Bars is an overlay indicator that applies the logic of Renko charting directly onto a standard candlestick chart. It generates a sequence of price-driven bricks, where each new brick is formed only when the price moves a specific amount, regardless of time. This provides a clean, price-action-focused visualization of the market's trend.
WHAT IS UNIVERSAL RENKO BARS?
For years, traders have faced a stark choice: the clean, noise-free world of Renko charts, or the rich, time-based context of Candlesticks. Choosing Renko meant giving up your favorite moving averages, volume profiles, and the fundamental sense of time. Choosing Candlesticks meant enduring the market noise that often clouds true price action.
But what if you didn't have to choose?
Universal Renko Bars is a revolutionary indicator that ends this dilemma. It's not just another charting tool; it's a powerful synthesis that overlays the pure, price-driven logic of Renko bricks directly onto your standard candlestick chart. This hybrid approach gives you the best of both worlds:
❖ The Clarity of Renko: By filtering out the insignificant noise of time, Universal Renko reveals the underlying trend with unparalleled clarity. Up trends are clean successions of green bricks; down trends are clear red bricks. No more guesswork.
❖ The Context of Candlesticks: Because the Renko logic is an overlay, you retain your time axis, your volume data, and full compatibility with every other time-based indicator in your arsenal (RSI, MACD, Moving Averages, etc.).
The true magic, however, lies in its live, Unconfirmed Renko brick. This semi-transparent box is your window into the current bar's real-time struggle. It grows, shrinks, and changes color with every tick, showing you exactly how close the price is to confirming the trend or forcing a reversal. It’s no longer a lagging indicator; it’s a live look at the current battle between buyers and sellers.
Universal Renko Bars unifies these two powerful charting methods, transforming your chart into a more intelligent, noise-free, and predictive analytical canvas.
HOW TO USE
To get the most out of Universal Renko Bars, here are a few tips and a full breakdown of the settings.
Initial Setup for the Best Experience
For the cleanest possible view, it's highly recommended that you hide the body of your standard candlesticks, that shows only the skelton of the candle. This allows the Renko bricks to become the primary focus of your chart.
→ Double click on the candles and uncheck the body checkbox.
Settings Breakdown
The indicator is designed to be powerful yet intuitive. The settings are grouped to make customization easy.
First, What is a "Tick"?
Before we dive in, it's important to understand the concept of a "Tick." In Universal Renko, a Tick is not the same as a market tick. It's a fundamental unit of price movement that you define. For example, if you set the Tick Size to $0.50, then a price move of $1.00 is equal to 2 Ticks. This is the core building block for all Renko bricks. Tick size here is dynamically determined by the settings provided in the indicator.
❖ Calculation Method (The "Tick Size" Engine)
This section determines the monetary value of a single "Tick."
`Calculation Method` : Choose your preferred engine for defining the Tick Size.
`ATR Based` (Default): The Tick Size becomes dynamic, based on market volatility (Average True Range). Bricks will get larger in volatile markets and smaller in quiet ones. Use the `ATR 14 Multiplier` to control the sensitivity.
`Percentage` : The Tick Size is a simple percentage of the current asset price, controlled by the `Percent Size (%)` input.
`Auto` : The "set it and forget it" mode. The script intelligently calculates a Tick Size based on the asset's price. Use the `Auto Sensitivity` slider to make these automatically calculated bricks thicker (value > 1.0) or thinner (value < 1.0).
❖ Parameters (The Core Renko Engine)
This group controls how the bricks are constructed based on the Tick Size.
`Tick Trend` : The number of "Ticks" the price must move in the same direction to print a new continuation brick. A smaller value means bricks form more easily.
`Tick Reversal` : The number of "Ticks" the price must move in the opposite direction to print a new reversal brick. This is typically set higher than `Tick Trend` (e.g., double) to filter out minor pullbacks and market noise.
`Open Offset` : Controls the visual overlap of the bricks. A value of `0` creates gapless bricks that start where the last one ended. A value of `2` (with a `Tick Reversal` of 4) creates the classic 50% overlap look.
❖ Visuals (Controlling What You See)
This is where you tailor the chart to your visual preference.
`Show Confirmed Renko` : Toggles the solid-colored, historical bricks. These are finalized and will never change. They represent the confirmed past trend.
`Show Unconfirmed Renko` : This is the most powerful visual feature. It toggles the live, semi-transparent box that represents the developing brick. It shows you exactly where the price is right now in relation to the levels needed to form the next brick.
`Show Max/Min Levels` : Toggles the horizontal "finish lines" on your chart. The green line is the price target for a bullish brick, and the red line is the target for a bearish brick. These are excellent for spotting breakouts.
`Show Info Label` : Toggles the on-chart label that provides key real-time stats:
🧱 Bricks: The total count of confirmed bricks.
⏳ Live: How many chart bars the current live brick has been forming. These bars forms the Renko bricks that aren't confirmed yet. Live = 0 means the latest renko brick is confirmed.
🌲 Tick Size: The current calculated value of a single Tick.
Hover over the label for a tooltip with live RSI(14), MFI(14), and CCI(20) data for additional confirmation.
TRADING STRATEGIES & IDEAS
Universal Renko Bars isn't just a visual tool; it's a foundation for building robust trading strategies.
Trend Confirmation: The primary use is to instantly identify the trend. A series of green bricks indicates a strong uptrend; a series of red bricks indicates a strong downtrend. Use this to filter out trades that go against the primary momentum.
Reversal Spotting: Pay close attention to the Unconfirmed Brick . When a strong trend is in place and the live brick starts to fight against it—changing color and growing larger—it can be an early warning that a reversal is imminent. Wait for the brick to be confirmed for a higher probability entry.
Breakout Trading: The `Max/Min Levels` are your dynamic breakout zones. A long entry can be considered when the price breaks and closes above the green Max Level, confirming a new bullish brick. A short entry can be taken when price breaks below the red Min Level.
Confluence & Indicator Synergy: This is where Universal Renko truly shines. Overlay a moving average (e.g., 20 EMA). Only take long trades when the green bricks are forming above the EMA. Combine it with RSI or MACD; a bearish reversal brick forming while the RSI shows bearish divergence is a very powerful signal.
A FINAL WORD
Universal Renko Bars was designed to solve a fundamental problem in technical analysis. It brings together the best elements of two powerful methodologies to give you a clearer, more actionable view of the market. By filtering noise while retaining context, it empowers you to make decisions with greater confidence.
Add Universal Renko Bars to your chart today and elevate your analysis. We welcome your feedback and suggestions for future updates!
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~ SiddWolf
Monday Swing Box# Monday Swing Box Indicator - Trading Applications
This "Monday Swing Box" indicator can be very useful in trading for several strategic reasons:
## 1. **"Monday Effect" Analysis**
* **Concept**: Mondays often have particular characteristics in the markets (opening gaps, weekend catch-up, different volumes)
* **Utility**: Allows visualization and quantification of these Monday-specific movements
* **Application**: Helps identify recurring patterns in your strategy
## 2. **Relative Volatility Measurement with ATR**
* **The ATR percentage tells you**:
* **< 50%**: Low volatility Monday (possible consolidation)
* **50-100%**: Normal volatility
* **> 100%**: Very volatile Monday (important event, potential breakout)
* **Advantage**: Contextualizes the movement relative to historical volatility
## 3. **Practical Trading Applications**
### **For Day Trading**:
* **Entry**: A Monday with >150% ATR may signal a strong movement to follow
* **Stop Loss**: Adjust stop sizes according to Monday's volatility
* **Targets**: Calibrate targets according to the movement's magnitude
### **For Swing Trading**:
* **Support/Resistance**: Monday's high/low often become key levels
* **Breakout**: Breaking above/below Monday's box may signal continuation
* **Retracement**: Return to Monday's box = support/resistance zone
### **For Risk Management**:
* **Sizing**: Adapt position sizes according to measured volatility
* **Timing**: Avoid trading abnormally volatile Mondays if you prefer stability
## 4. **Specific Possible Strategies**
### **"Monday Breakout"**:
* Wait for a break above/below Monday's box
* Enter in the direction of the breakout
* Stop at the other end of the box
### **"Monday Reversal"**:
* If Monday shows >200% ATR, look for a reversal
* The box becomes a resistance/support zone
### **"Monday Range"**:
* Trade bounces off the box limits
* Particularly effective if ATR % is normal (50-100%)
## 5. **Visualization Advantages**
* **Historical**: See past patterns across multiple Mondays
* **Comparison**: Compare current volatility to previous Mondays
* **Anticipation**: Prepare your strategy according to the type of Monday observed
## 6. **Limitations to Consider**
* Monday patterns can vary according to markets and periods
* Don't trade solely on this indicator, but use it as a complement
* Consider macroeconomic context and news
This indicator is therefore particularly useful for traders who want to exploit Monday's specificities and have an objective measure of this day's relative volatility compared to normal market conditions.
CISD & OB - The Real ICT Way [BLAZ]ICT Order Blocks & CISD
This indicator is based on the ICT (Inner Circle Trader) methodology and highlights Order Blocks (OB) and Changes in State of Delivery (CISD) — two foundational concepts for understanding institutional order flow and potential market turning points.
Order Block (OB)
An Order Block represents a specific price zone where institutional participants (“smart money”) have executed substantial buy or sell orders. These zones often precede significant price movements and are commonly identified on candlestick charts by observing the following behaviour:
A strong impulsive move in price that closes above or below the open price of an opposing candle (or series of candles).
Types of Order Blocks:
Bullish Order Block
A bullish OB forms when a bullish impulsive move closes above the open of the first bearish candle (or sequence of bearish candles). This signals strong buying interest at that level.
Bearish Order Block
A bearish OB forms when a bearish impulsive move closes below the open of the first bullish candle (or sequence of bullish candles). This indicates significant selling pressure.
These areas often act as high-probability zones for price reversals, continuation, or liquidity grabs, and are widely monitored by ICT-based traders.
Change in State of Delivery (CISD)
A CISD marks a shift in market sentiment, structure, or institutional order flow. It is represented by the first OB that forms in the opposite direction of the prevailing market trend or prior OB.
Types of CISD:
Bullish CISD: The first bullish OB following a bearish OB or bearish CISD.
Bearish CISD: The first bearish OB following a bullish OB or bullish CISD.
CISDs are critical in identifying potential trend reversals or transitions between accumulation and distribution phases. They help traders anticipate shifts in directional bias and refine entry timing.
This indicator is designed to visually capture these important zones and transitions, providing users with a clearer understanding of where institutional activity may influence price and where key structural shifts occur.
Note: Labels displayed on the chart are included for illustrative purposes only and do not represent part of the indicator's functional features.
Core Functionality:
This indicator offers a precise and rules-based plotting of ICT Order Blocks (OB) and Changes in State of Delivery (CISD), faithfully adhering to the original concepts as taught within the ICT framework. It is designed to function seamlessly across any asset class and timeframe, enabling users to accurately interpret market structure, institutional order flow, and potential directional shifts.
Flexible Line Display
To provide clarity without overwhelming the chart, users can individually control the number of bullish and bearish lines displayed, with up to 25 OB/CISD per direction (bullish and bearish). This feature helps tailor the indicator to specific trading styles or charting preferences, making it suitable for both scalping and higher timeframe structural analysis.
Visual Customisation
Users can fully tailor the appearance of Order Block and CISD lines to align with their chart preferences. Customisation includes:
Individual colour selection for bullish and bearish OBs, and for bullish and bearish CISDs.
Adjustable line width, up to a maximum of 10 pixels, allowing clear visual distinction even in high-density chart environments.
Selective visibility: Users can toggle OB or CISD lines independently, allowing full attention on structural breaks or trend reversal zones as needed.
Built for Precision, Designed for Clarity
This indicator is built for serious traders who demand mechanical consistency in identifying institutional footprints. It is not based on subjective interpretation but on strict, codified rules that reflect actual ICT principles. Whether you are analysing a change in delivery state or mapping historical OB zones, the ICT CISD & OB indicator ensures you are equipped with:
Real-time and historical OB/CISD detection
Multi-timeframe compatibility
Instant structure recognition
This tool bridges the gap between theory and execution, giving you the edge in identifying where smart money is active and how to position around it.
Disclaimer:
By using this indicator, you acknowledge and agree to the following terms:
Educational and Informational Use Only
This indicator is provided strictly for educational and informational purposes. It is not intended to serve as financial advice, investment advice, trading advice, or a recommendation to buy or sell any financial instrument. The content and outputs of this indicator are based on historical price action and mechanical logic derived from widely taught ICT concepts, and should not be interpreted as predictive or guaranteed in any form.
No Financial Relationship or Advisory Role
The author of this indicator is not a financial advisor, registered broker, or licensed asset manager. No fiduciary relationship is created between the author and the user through the use of this tool. Users are fully responsible for their own trading decisions and financial outcomes.
Past Performance Is Not Indicative of Future Results
While this indicator may identify historical zones of interest or highlight structural patterns, it does not guarantee future price movement or accuracy in all market conditions. Market behaviour is subject to unpredictable external factors including liquidity, volatility, and macroeconomic news events.
Use at Your Own Risk
All users are advised to perform their own due diligence and risk assessments before making any trading decisions. By applying this script to your charts, you accept full liability for any losses, gains, or financial decisions that may result from its use. The author, publisher, and affiliated platforms shall not be held liable for any direct or indirect damages, including financial loss, data loss, or missed opportunities.
Access and Licensing
Access to the indicator is managed through a third-party licensing platform. Unauthorised redistribution, sharing, reselling, or republishing of the script is strictly prohibited and may result in termination of access and reporting to TradingView for violation of vendor policies. For full access, refer to the author’s section.
Indicator Limitations and Scope
The indicator is a technical analysis tool and should be treated as one of many inputs in a broader trading or investing strategy.
Labels, visual illustrations, or annotations shown in sample images are for demonstration purposes only and are not part of the indicator’s functional output.
Refund Policy
By purchasing access to this indicator, you expressly agree that all sales are final. Once access is granted, no refunds, reimbursements, or chargebacks will be issued under any circumstances. Any attempt to initiate a chargeback will be interpreted as a breach of this agreement and may result in immediate termination of access.
By continuing to use this indicator, you confirm that you have read, understood, and accepted the terms outlined above.
ATR Trailing + Alerts + Price LabelsATR Trend is a clean and intelligent trend-following overlay built for traders who want clarity during both trending and ranging markets.
This indicator dynamically detects bullish and bearish market trends using the Average True Range (ATR), applying a confirmation-based approach to filter out false signals and minor pullbacks.
The trend line is:
Blue 🔵 during uptrends.
Black ⚫ during downtrends.
Continuous, recalculating only when the market truly shifts — not just when price temporarily crosses the line.
When a confirmed trend reversal occurs:
A 🔼 or 🔽 label shows the exact price of the flip.
An alert can be triggered to notify the user immediately.
💡 Features:
✅ Single-line trend direction
✅ Filters out short-term noise
✅ Exact price labeling on trend change
✅ Built-in alerts for up/down trend shifts
⚙️ Inputs:
ATR Period – Length of ATR calculation (default: 14)
ATR Multiplier – Offset for trend line placement (default: 2.0)
Flip Sensitivity – Number of bars required to confirm a trend reversal (default: 3)
This tool is suitable for:
Swing traders avoid false breakouts
Scalpers looking for high-probability trend entries
Algorithmic setups requiring structured trend logic
True Wave Trend [EWT]True Wave Trend
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Overview
True Wave Trend is a sophisticated, next-generation trend analysis tool designed to identify the start of new market trends with high precision. Inspired by the foundational principles of the Elliott Wave Principle, this indicator automatically detects the underlying 5-wave motive structures that signal a powerful shift in market direction.
The primary goal of this tool is to help traders spot potential trend changes early, filter out market noise, and align their strategies with the primary trend for more confident decision-making.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
How It Works
At the core of the Elliott Wave Principle is the idea that the market moves in repetitive, predictable patterns. The primary directional move, known as an motive wave, unfolds in a sequence of five distinct waves. These 5-wave patterns form the foundation of any strong, sustainable trend.
Our True Wave Trend indicator employs an advanced, proprietary pattern recognition algorithm to automatically identify these foundational 5-wave sequences on your chart.
When a valid bullish 5-wave impulse is completed, the indicator signals the start of a new uptrend.
Conversely, the completion of a bearish 5-wave impulse signals the beginning of a new downtrend.
By focusing on these core market structures, the indicator provides a clear and objective assessment of the trend, free from the ambiguity of traditional lagging indicators.
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Visual Features
The indicator is designed to be clean, intuitive, and easy to read directly on your chart.
Trend Background
The indicator paints the chart background to provide an at-a-glance view of the current market trend.
🟩 Light Green Background: A confirmed uptrend is in progress. This suggests the market is in a bullish phase.
🟥 Light Red Background: A confirmed downtrend is in progress. This suggests the market is in a bearish phase.
Swing Markers
The small triangles mark the key Swing Highs and Swing Lows. These are the pivotal turning points in price that serve as the building blocks for the indicator's wave analysis.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
How to Use This Indicator
This tool is best utilized as a primary trend-confirmation system.
Identify the Trend : Use the background color as your primary guide. A green background suggests looking for bullish opportunities (e.g., buying on pullbacks), while a red background suggests looking for bearish opportunities (e.g., selling on rallies).
Confirm with Other Tools : For optimal results, combine the signals from True Wave Trend with your existing trading strategy. Use it to confirm your analysis of support and resistance, moving averages, volume, or momentum oscillators like the RSI or Stochastics.
Risk Management : Always use proper risk management. The start of a new trend does not guarantee future price movement.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Example of an Uptrend Signal
This chart shows the True Wave Trend indicator identifying the end of a downtrend and confirming the start of a new uptrend. After the background turns green, the price begins a sustained move higher.
Example of a Downtrend Signal
Here, the indicator detects a bullish trend losing steam and confirms a new downtrend. After the background turns red, traders could use this signal to manage long positions or look for shorting opportunities.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Settings & Configuration
The indicator can be fine-tuned to fit your specific trading style and preferred timeframes.
Pivot Lookback Period
This is the most important setting for adjusting the indicator's sensitivity. It controls how the indicator defines a "significant" swing point.
A higher value makes the indicator focus only on major, long-term swing points. This results in fewer but more significant trend signals, ideal for swing or position traders.
A lower value makes the indicator more sensitive to short-term price swings, which may be more suitable for intraday or lower-timeframe trading.
Disallow wave 1 and wave 4 Overlap
This is a powerful filter for traders familiar with Elliott Wave theory. In a classic, strong impulse wave, "Wave 4" should not enter the price territory of "Wave 1". This setting enforces that strict rule.
When checked, the indicator will only signal a new trend if the underlying 5-wave structure is exceptionally strong and meets this "no-overlap" criteria. This can help filter out weaker, corrective patterns and focus only on the highest-quality trend signals.
When unchecked (default), the indicator uses a more flexible definition, allowing it to detect a wider range of trend-defining patterns.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Disclaimer : This indicator is a tool for technical analysis and should not be considered financial advice. All trading involves risk. Past performance is not indicative of future results.
CISD & OB - The Real ICT Way - Edu [BLAZ]ICT Order Blocks & CISD
This indicator is based on the ICT (Inner Circle Trader) methodology and highlights Order Blocks (OB) and Changes in State of Delivery (CISD) — two foundational concepts for understanding institutional order flow and potential market turning points.
Order Block (OB)
An Order Block represents a specific price zone where institutional participants (“smart money”) have executed substantial buy or sell orders. These zones often precede significant price movements and are commonly identified on candlestick charts by observing the following behaviour:
A strong impulsive move in price that closes above or below the open price of an opposing candle (or series of candles).
Types of Order Blocks:
Bullish Order Block
A bullish OB forms when a bullish impulsive move closes above the open of the first bearish candle (or sequence of bearish candles). This signals strong buying interest at that level.
Bearish Order Block
A bearish OB forms when a bearish impulsive move closes below the open of the first bullish candle (or sequence of bullish candles). This indicates significant selling pressure.
These areas often act as high-probability zones for price reversals, continuation, or liquidity grabs, and are widely monitored by ICT-based traders.
Change in State of Delivery (CISD)
A CISD marks a shift in market sentiment, structure, or institutional order flow. It is represented by the first OB that forms in the opposite direction of the prevailing market trend or prior OB.
Types of CISD:
Bullish CISD: The first bullish OB following a bearish OB or bearish CISD.
Bearish CISD: The first bearish OB following a bullish OB or bullish CISD.
CISDs are critical in identifying potential trend reversals or transitions between accumulation and distribution phases. They help traders anticipate shifts in directional bias and refine entry timing.
This indicator is designed to visually capture these important zones and transitions, providing users with a clearer understanding of where institutional activity may influence price and where key structural shifts occur.
Note: Labels displayed on the chart are included for illustrative purposes only and do not represent part of the indicator's functional features.
Core Functionality:
This indicator offers a precise and rules-based plotting of ICT Order Blocks (OB) and Changes in State of Delivery (CISD), faithfully adhering to the original concepts as taught within the ICT framework. It is designed to function seamlessly across any asset class and timeframe, enabling users to accurately interpret market structure, institutional order flow, and potential directional shifts.
Flexible Line Display
To provide clarity without overwhelming the chart, users can individually control the number of bullish and bearish lines displayed, with up to 25 OB/CISD per direction (bullish and bearish). This feature helps tailor the indicator to specific trading styles or charting preferences, making it suitable for both scalping and higher timeframe structural analysis.
For educational purposes, the indicator enables plotting a maximum of 2 bullish and 2 bearish lines. To unlock full line history, get access to "CISD & OB - The Real ICT Way ".
Visual Customisation
Users can fully tailor the appearance of Order Block and CISD lines to align with their chart preferences. Customisation includes:
Individual colour selection for bullish and bearish OBs, and for bullish and bearish CISDs.
Adjustable line width, up to a maximum of 10 pixels, allowing clear visual distinction even in high-density chart environments.
Selective visibility: Users can toggle OB or CISD lines independently, allowing full attention on structural breaks or trend reversal zones as needed.
For educational purposes, all lines are fixed at width 1. Full width and colour customisation is available following the "CISD & OB - The Real ICT Way " indicator.
Built for Precision, Designed for Clarity
This indicator is built for serious traders who demand mechanical consistency in identifying institutional footprints. It is not based on subjective interpretation but on strict, codified rules that reflect actual ICT principles. Whether you are analysing a change in delivery state or mapping historical OB zones, the ICT CISD & OB indicator ensures you are equipped with:
Real-time and historical OB/CISD detection
Multi-timeframe compatibility
Instant structure recognition
This tool bridges the gap between theory and execution, giving you the edge in identifying where smart money is active and how to position around it.
Disclaimer:
By using this indicator, you acknowledge and agree to the following terms:
Educational and Informational Use Only
This indicator is provided strictly for educational and informational purposes. It is not intended to serve as financial advice, investment advice, trading advice, or a recommendation to buy or sell any financial instrument. The content and outputs of this indicator are based on historical price action and mechanical logic derived from widely taught ICT concepts, and should not be interpreted as predictive or guaranteed in any form.
No Financial Relationship or Advisory Role
The author of this indicator is not a financial advisor, registered broker, or licensed asset manager. No fiduciary relationship is created between the author and the user through the use of this tool. Users are fully responsible for their own trading decisions and financial outcomes.
Past Performance Is Not Indicative of Future Results
While this indicator may identify historical zones of interest or highlight structural patterns, it does not guarantee future price movement or accuracy in all market conditions. Market behaviour is subject to unpredictable external factors including liquidity, volatility, and macroeconomic news events.
Use at Your Own Risk
All users are advised to perform their own due diligence and risk assessments before making any trading decisions. By applying this script to your charts, you accept full liability for any losses, gains, or financial decisions that may result from its use. The author, publisher, and affiliated platforms shall not be held liable for any direct or indirect damages, including financial loss, data loss, or missed opportunities.
Access and Licensing
Access to the indicator is managed through a third-party licensing platform. Unauthorised redistribution, sharing, reselling, or republishing of the script is strictly prohibited and may result in termination of access and reporting to TradingView for violation of vendor policies. For full access, refer to the "CISD & OB - The Real ICT Way " indicator.
Indicator Limitations and Scope
The indicator is a technical analysis tool and should be treated as one of many inputs in a broader trading or investing strategy. Labels, visual illustrations, or annotations shown in sample images are for demonstration purposes only and are not part of the indicator’s functional output.
Refund Policy
By purchasing access to this indicator, you expressly agree that all sales are final. Once access is granted, no refunds, reimbursements, or chargebacks will be issued under any circumstances. Any attempt to initiate a chargeback will be interpreted as a breach of this agreement and may result in immediate termination of access.
By continuing to use this indicator, you confirm that you have read, understood, and accepted the terms outlined above.
True Breakout Pattern [TradingFinder] Breakout Signal Indicator🔵 Introduction
In many market conditions, what initially appears to be a decisive breakout often turns out to be nothing more than a false breakout or fake breakout. Price breaks through a key swing level or an important support and resistance zone, only to quickly return to its previous range.
These failed breakouts, which are often the result of liquidity traps or market manipulation, serve more as a warning sign of structural weakness than confirmation of a new trend.
This indicator is designed around the concept of the fake breakout.
The logic is simple but precise : when price breaks a swing level and returns to that level within a maximum of five candles, the move is considered a false breakout. At this point, a Fibonacci retracement is applied to the recent price swing to evaluate the pullback area.
If price, within ten candles after the return to the breakout level, enters the Fibonacci zone between 0.618 and 1.0, the setup becomes valid for a potential entry. This area is identified as a long entry zone, with the stop loss placed just beyond the 1.0 level and the take profit defined based on the desired risk-to-reward ratio.
By combining accurate detection of false breakouts, analysis of price reaction to swing levels, and alignment with Fibonacci retracement logic, this framework allows traders to identify opportunities often missed by others. In a market where failed breakouts are a common and recurring phenomenon, this indicator aims to transform these traps into measurable trading opportunities.
Long Setup :
Short Setup :
🔵 How to Use
This indicator operates based on the recognition of false breakouts from structural levels in the market, specifically swing levels, and combines that with Fibonacci retracement analysis.
In this strategy, trades are only considered when price returns to the broken level within a defined time window and reacts appropriately inside a predefined Fibonacci range. Depending on the direction of the initial breakout, the system outlines two scenarios for long and short setups.
🟣 Long Setup
In the long setup, price initially breaks below a support level or swing low. If the price returns to the broken level within a maximum of five candles, the move is identified as a fake breakout.
At this stage, a Fibonacci retracement is drawn from the recent high to the low. If price, within ten candles of returning to the level, moves into the 0.618 to 1.0 Fibonacci zone, the conditions for a long entry are met.
The stop loss is placed slightly below the 1.0 level, while the take profit is set based on the trader’s preferred risk-reward ratio. This setup aims to capture deeply discounted entries at low risk, aligned with smart money reversals.
🟣 Short Setup
In the short setup, the price breaks above a resistance level or swing high. If the price returns to that level within five candles, the move is again treated as a false breakout. Fibonacci is then drawn from the recent low to the high to observe the retracement area.
Should price enter the 0.618 to 1.0 Fibonacci range within ten candles of returning, a short entry is considered valid. In this case, the stop loss is placed just above the 1.0 level, and the take profit is adjusted based on the intended risk-reward target. This method allows traders to identify high-probability short setups by focusing on failed breakouts and deep pullbacks.
🔵 Settings
🟣 Logical settings
Swing period : You can set the swing detection period.
Valid After Trigger Bars : Limits how many candles after a fake breakout the entry zone remains valid.
Max Swing Back Method : It is in two modes "All" and "Custom". If it is in "All" mode, it will check all swings, and if it is in "Custom" mode, it will check the swings to the extent you determine.
Max Swing Back : You can set the number of swings that will go back for checking.
🟣 Display settings
Displaying or not displaying swings and setting the color of labels and lines.
🟣 Alert Settings
Alert False Breakout : Enables alerts for Breakout.
Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.
Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'.
🔵 Conclusion
A sound understanding of the false breakout phenomenon and its relationship to structural price behavior is essential for technical traders aiming to improve precision and consistency. Many poor trading decisions stem from misinterpreting failed breakouts and entering too early into weak signals.
A structured approach, grounded in the analysis of swing levels and validated through specific price action and timing rules, can turn these misleading moves into valuable trade opportunities.
This indicator, by combining fake breakout detection with time filters and Fibonacci-based retracement zones, helps traders only engage with the market when multiple confirming factors are in alignment. The result is a strategy that emphasizes probability, risk control, and clarity in decision-making, offering a solid edge in navigating today’s volatile markets.
IL - Bull and Bear Engulfing Detector - v01Description:
This indicator is designed to identify and highlight Bullish and Bearish Engulfing
candlestick patterns on your chart. It offers a high degree of customization
through different engulfing definitions and an optional strictness filter, allowing
traders to tailor the detection to their specific criteria for these common reversal signals.
Features:
- Universal Detection: Identifies both Bullish Engulfing and Bearish Engulfing patterns.
- Configurable Engulfing Modes (via "Engulfing Definition Type" input):
1. "Body (O/C)": Traditional - current body engulfs previous body.
2. "Range (H/L)": Current H/L range engulfs previous H/L range.
3. "Body & Range (Super)": Requires BOTH "Body (O/C)" AND "Range (H/L)" conditions.
- Optional "Larger Body" Filter: Engulfing body must be strictly larger.
- Display Toggles: Options to show/hide Bullish and/or Bearish pattern signals.
- Customizable Colors: Bar colors for bullish/bearish patterns are user-configurable.
- Data Logging: Option to log detected pattern details to the Pine Logs.
- Visual Signals: Patterns marked with plot shapes and optional bar coloring.
How to Use & Interpret:
- Configure "Engulfing Definition Type", "Require Larger Engulfing Body?", display toggles,
and colors in the indicator settings.
- Enable "Log Detected Pattern Examples?" in "Debug Options" to capture data.
- BE = Bullish Engulfing (green triangle below bar). BRE = Bearish Engulfing (red triangle above).
- Use with other analysis methods for confirmation.
Disclaimer: Trading involves substantial risk of loss and is not suitable for all investors.
Past performance is not indicative of future results.
Momentum Trail Oscillator [AlgoAlpha]🟠 OVERVIEW
This script builds a Momentum Trail Oscillator designed to measure directional momentum strength and dynamically track shifts in trend bias using a combination of smoothed price change calculations and adaptive trailing bands. The oscillator aims to help traders visualize when momentum is expanding or contracting and to identify transitions between bullish and bearish conditions.
🟠 CONCEPTS
The core idea combines two methods. First, the script calculates a normalized momentum measure by smoothing price changes relative to their absolute values, which creates a bounded oscillator that highlights whether moves are directional or choppy. Second, it uses a trailing band mechanism inspired by volatility stops, where bands adapt to the oscillator’s volatility, adjusting the thresholds that define a shift in directional bias. This dual approach seeks to address both the magnitude and persistence of momentum, reducing false signals in ranging markets.
🟠 FEATURES
The momentum calculation applies Hull Moving Averages and double EMA smoothing to price changes, producing a smooth, responsive oscillator.
The trailing bands are derived by offsetting a weighted moving average of the oscillator by a multiple of recent momentum volatility. A directional state variable tracks whether the oscillator is above or below the bands, updating when the momentum crosses these dynamic thresholds.
Overbought and oversold zones are visually marked between fixed levels (+30/+40 and -30/-40), with color fills to highlight when momentum is in extreme areas. The script plots signals on both the oscillator pane and optionally overlays markers on the main price chart for clarity.
🟠 USAGE
To use the indicator, apply it to any symbol and timeframe. The “Oscillator Length” controls how sensitive the momentum line is to recent price changes—lower values react faster, higher values smooth out noise. The “Trail Multiplier” sets how far the adaptive bands sit from the oscillator mid-line, which affects how often trend state changes occur. When the momentum line rises into the upper filled area and then crosses back below +40, it signals potential overbought exhaustion. The opposite applies for the oversold zone below -40. The plotted trailing bands switch visibility depending on the current directional state: when momentum is trending up, the lower band acts as the active trailing stop, and when trending down, the upper band becomes active. Trend changes are marked with circular symbols when the direction variable flips, and optional overlay arrows appear on the price chart to highlight overbought or oversold reversals. Traders can combine these signals with their own price action or volume analysis to confirm entries or exits.
Uptrick: Fusion Trend Reversion SystemOverview
The Uptrick: Fusion Trend Reversion System is a multi-layered indicator designed to identify potential price reversals during intraday movement while keeping traders informed of the dominant short-term trend. It blends a composite fair value model with deviation logic and a refined momentum filter using the Relative Strength Index (RSI). This tool was created with scalpers and short-term traders in mind and is especially effective on lower timeframes such as 1-minute, 5-minute, and 15-minute charts where price dislocations and quick momentum shifts are frequent.
Introduction
This indicator is built around the fusion of two classic concepts in technical trading: identifying trend direction and spotting potential reversion points. These are often handled separately, but this system merges them into one process. It starts by computing a fair value price using five moving averages, each with its own mathematical structure and strengths. These include the exponential moving average (EMA), which gives more weight to recent data; the simple moving average (SMA), which gives equal weight to all periods; the weighted moving average (WMA), which progressively increases weight with recency; the Arnaud Legoux moving average (ALMA), known for smoothing without lag; and the volume-weighted average price (VWAP), which factors in volume at each price level.
All five are averaged into a single value — the raw fusion line. This fusion acts as a dynamically balanced centerline that adapts to price conditions with both smoothing and responsiveness. Two additional exponential moving averages are applied to the raw fusion line. One is slower, giving a stable trend reference, and the other is faster, used to define momentum and cloud behavior. These two lines — the fusion slow and fusion fast — form the backbone of trend and signal logic.
Purpose
This system is meant for traders who want to trade reversals without losing sight of the underlying directional bias. Many reversal indicators fail because they act too early or signal too frequently in choppy markets. This script filters out noise through two conditions: price deviation and RSI confirmation. Reversion trades are considered only when the price moves a significant distance from fair value and RSI suggests a legitimate shift in momentum. That filtering process gives the trader a cleaner, higher-quality signal and reduces false entries.
The indicator also visually supports the trader through colored bars, up/down labels, and a filled cloud between the fast and slow fusion lines. These features make the market context immediately visible: whether the trend is up or down, whether a reversal just occurred, and whether price is currently in a high-risk reversion zone.
Originality and Uniqueness
What makes this script different from most reversal systems is the way it combines layers of logic — not just to detect signals, but to qualify and structure them. Rather than relying on a single MA or a raw RSI level, it uses a five-MA fusion to create a baseline fair value that incorporates speed, stability, and volume-awareness.
On top of that, the system introduces a dual-smoothing mechanism. It doesn’t just smooth price once — it creates two layers: one to follow the general trend and another to track faster deviations. This structure lets the script distinguish between continuation moves and possible turning points more effectively than a single-line or single-metric system.
It also uses RSI in a more refined way. Instead of just checking if RSI is overbought or oversold, the script smooths RSI and requires directional confirmation. Beyond that, it includes signal memory. Once a signal is generated, a new one will not appear unless the RSI becomes even more extreme and curls back again. This memory-based gating reduces signal clutter and prevents repetition, a rare feature in similar scripts.
Why these indicators were merged
Each moving average in the fusion serves a specific role. EMA reacts quickly to recent price changes and is often favored in fast-trading strategies. SMA acts as a long-term filter and smooths erratic behavior. WMA blends responsiveness with smoothing in a more balanced way. ALMA focuses on minimizing lag without losing detail, which is helpful in fast markets. VWAP anchors price to real trade volume, giving a sense of where actual positioning is happening.
By combining all five, the script creates a fair value model that doesn’t lean too heavily on one logic type. This fusion is then smoothed into two separate EMAs: one slower (trend layer), one faster (signal layer). The difference between these forms the basis of the trend cloud, which can be toggled on or off visually.
RSI is then used to confirm whether price is reversing with enough force to warrant a trade. The RSI is calculated over a 14-period window and smoothed with a 7-period EMA. The reason for smoothing RSI is to cut down on noise and avoid reacting to short, insignificant spikes. A signal is only considered if price is stretched away from the trend line and the smoothed RSI is in a reversal state — below 30 and rising for bullish setups, above 70 and falling for bearish ones.
Calculations
The script follows this structure:
Calculate EMA, SMA, WMA, ALMA, and VWAP using the same base length
Average the five values to form the raw fusion line
Smooth the raw fusion line with an EMA using sens1 to create the fusion slow line
Smooth the raw fusion line with another EMA using sens2 to create the fusion fast line
If fusion slow is rising and price is above it, trend is bullish
If fusion slow is falling and price is below it, trend is bearish
Calculate RSI over 14 periods
Smooth RSI using a 7-period EMA
Determine deviation as the absolute difference between current price and fusion slow
A raw signal is flagged if deviation exceeds the threshold
A raw signal is flagged if RSI EMA is under 30 and rising (bullish setup)
A raw signal is flagged if RSI EMA is over 70 and falling (bearish setup)
A final signal is confirmed for a bullish setup if RSI EMA is lower than the last bullish signal’s RSI
A final signal is confirmed for a bearish setup if RSI EMA is higher than the last bearish signal’s RSI
Reset the bullish RSI memory if RSI EMA rises above 30
Reset the bearish RSI memory if RSI EMA falls below 70
Store last signal direction and use it for optional bar coloring
Draw the trend cloud between fusion fast and fusion slow using fill()
Show signal labels only if showSignals is enabled
Bar and candle colors reflect either trend slope or last signal direction depending on mode selected
How it works
Once the script is loaded, it builds a fusion line by averaging five different types of moving averages. That line is smoothed twice into a fast and slow version. These two fusion lines form the structure for identifying trend direction and signal areas.
Trend bias is defined by the slope of the slow line. If the slow line is rising and price is above it, the market is considered bullish. If the slow line is falling and price is below it, it’s considered bearish.
Meanwhile, the script monitors how far price has moved from that slow line. If price is stretched beyond a certain distance (set by the threshold), and RSI confirms that momentum is reversing, a raw reversion signal is created. But the script only allows that signal to show if RSI has moved further into oversold or overbought territory than it did at the last signal. This blocks repetitive, weak entries. The memory is cleared only if RSI exits the zone — above 30 for bullish, below 70 for bearish.
Once a signal is accepted, a label is drawn. If the signal toggle is off, no label will be shown regardless of conditions. Bar colors are controlled separately — you can color them based on trend slope or last signal, depending on your selected mode.
Inputs
You can adjust the following settings:
MA Length: Sets the period for all moving averages used in the fusion.
Show Reversion Signals: Turns on the plotting of “Up” and “Down” labels when a reversal is confirmed.
Bar Coloring: Enables or disables colored bars based on trend or signal direction.
Show Trend Cloud: Fills the space between the fusion fast and slow lines to reflect trend bias.
Bar Color Mode: Lets you choose whether bars follow trend logic or last signal direction.
Sens 1: Smoothing speed for the slow fusion line — higher values = slower trend.
Sens 2: Smoothing speed for the fast line — lower values = faster signal response.
Deviation Threshold: Minimum distance price must move from fair value to trigger a signal check.
Features
This indicator offers:
A composite fair value model using five moving average types.
Dual smoothing system with user-defined sensitivity.
Slope-based trend definition tied to price position.
Deviation-triggered signal logic filtered by RSI reversal.
RSI memory system that blocks repetitive signals and resets only when RSI exits overbought or oversold zones.
Real-time tracking of the last signal’s direction for optional bar coloring.
Up/Down labels at signal points, visible only when enabled.
Optional trend cloud between fusion layers, visualizing current market bias.
Full user control over smoothing, threshold, color modes, and visibility.
Conclusion
The Fusion Trend-Reversion System is a tool for short-term traders looking to fade price extremes without ignoring trend bias. It calculates fair value using five diverse moving averages, smooths this into two dynamic layers, and applies strict reversal logic based on RSI deviation and momentum strength. Signals are triggered only when price is stretched and momentum confirms it with increasingly strong behavior. This combination makes the tool suitable for scalping, intraday entries, and fast market environments where precision matters.
Disclaimer
This indicator is for informational and educational purposes only. It does not constitute financial advice. All trading involves risk, and no tool can predict market behavior with certainty. Use proper risk management and do your own research before making trading decisions.
PRO Investing - LevelPRO Investing - Level
📊 Dynamic Support/Resistance
This indicator plots the PRO Investing Level, defined as the midpoint between the highest high and lowest low over the past 252 trading days (default lookback period, equivalent to ~1 year). It acts as a key mean-reversion reference level, useful for identifying potential support/resistance zones or market equilibrium levels.
Features:
🕰️ Option to display only today’s level or historical levels.
⚙️ Customizable lookback period for flexibility across timeframes and strategies.
📉 Teal line plotted directly on the chart, highlighting this institutional-grade level.
Ideal for traders looking to anchor price action to significant historical ranges—particularly useful in mean-reversion, breakout, or volatility compression strategies.
Fibonacci Entry Bands [AlgoAlpha]OVERVIEW
This script plots Fibonacci Entry Bands, a trend-following and mean-reversion hybrid system built around dynamic volatility-adjusted bands scaled using key Fibonacci levels. It calculates a smoothed basis line and overlays multiple bands at fixed Fibonacci multipliers of either ATR or standard deviation. Depending on the trend direction, specific upper or lower bands become active, offering a clear framework for entry timing, trend identification, and profit-taking zones.
CONCEPTS
The core idea is to use Fibonacci levels—0.618, 1.0, 1.618, and 2.618—as multipliers on a volatility measure to form layered price bands around a trend-following moving average. Trends are defined by whether the basis is rising or falling. The trend determines which side of the bands is emphasized: upper bands for downtrends, lower bands for uptrends. This approach captures both directional bias and extreme price extensions. Take-profit logic is built in via crossovers relative to the outermost bands, scaled by user-selected aggressiveness.
FEATURES
Basis Line – A double EMA smoothing of the source defines trend direction and acts as the central mean.
Volatility Bands – Four levels per side (based on selected ATR or stdev) mark the Fibonacci bands. These become visible only when trend direction matches the side (e.g., only lower bands plot in an uptrend).
Bar Coloring – Bars are shaded with adjustable transparency depending on distance from the basis, with color intensity helping gauge overextension.
Entry Arrows – A trend shift triggers either a long or short signal, with a marker at the outermost band with ▲/▼ signs.
Take-Profit Crosses – If price rejects near the outer band (based on aggressiveness setting), a cross appears marking potential profit-taking.
Bounce Signals – Minor pullbacks that respect the basis line are marked with triangle arrows, hinting at continuation setups.
Customization – Users can toggle bar coloring, signal markers, and select between ATR/stdev as well as take-profit aggressiveness.
Alerts – All major signals, including entries, take-profits, and bounces, are available as alert conditions.
USAGE
To use this tool, load it on your chart, adjust the inputs for volatility method and aggressiveness, and wait for entries to form on trend changes. Use TP crosses and bounce arrows as potential exit or scale-in signals.
Approximate Entropy Zones [PhenLabs]Version: PineScript™ v6
Description
This indicator identifies periods of market complexity and randomness by calculating the Approximate Entropy (ApEn) of price action. As the movement of the market becomes complex, it means the current trend is losing steam and a reversal or consolidation is likely near. The indicator plots high-entropy periods as zones on your chart, providing a graphical suggestion to anticipate a potential market direction change. This indicator is designed to help traders identify favorable times to get in or out of a trade by highlighting when the market is in a state of disarray.
Points of Innovation
Advanced Complexity Analysis: Instead of relying on traditional momentum or trend indicators, this tool uses Approximate Entropy to quantify the unpredictability of price movements.
Dynamic Zone Creation: It automatically plots zones on the chart during periods of high entropy, providing a clear and intuitive visual guide.
Customizable Sensitivity: Users can fine-tune the ‘Entropy Threshold’ to adjust how frequently zones appear, allowing for calibration to different assets and timeframes.
Time-Based Zone Expiration: Zones can be set to expire after a specific time, keeping the chart clean and relevant.
Built-in Zone Size Filter: Excludes zones that form on excessively large candles, filtering out noise from extreme volatility events.
On-Chart Calibration Guide: A persistent note on the chart provides simple instructions for adjusting the entropy threshold, making it easy for users to optimize the indicator’s performance.
Core Components
Approximate Entropy (ApEn) Calculation: The core of the indicator, which measures the complexity or randomness of the price data.
Zone Plotting: Creates visual boxes on the chart when the calculated ApEn value exceeds a user-defined threshold.
Dynamic Zone Management: Manages the lifecycle of the zones, from creation to expiration, ensuring the chart remains uncluttered.
Customizable Settings: A comprehensive set of inputs that allow users to control the indicator’s sensitivity, appearance, and time-based behavior.
Key Features
Identifies Potential Reversals: The high-entropy zones can signal that a trend is nearing its end, giving traders an early warning.
Works on Any Timeframe: The indicator can be applied to any chart timeframe, from minutes to days.
Customizable Appearance: Users can change the color and transparency of the zones to match their chart’s theme.
Informative Labels: Each zone can display the calculated entropy value and the direction of the candle on which it formed.
Visualization
Entropy Zones: Shaded boxes that appear on the chart, highlighting candles with high complexity.
Zone Labels: Text within each zone that displays the ApEn value and a directional arrow (e.g., “0.525 ↑”).
Calibration Note: A small table in the top-right corner of the chart with instructions for adjusting the indicator’s sensitivity.
Usage Guidelines
Entropy Analysis
Source: The price data used for the ApEn calculation. (Default: close)
Lookback Length: The number of bars used in the ApEn calculation. (Default: 20, Range: 10-50)
Embedding Dimension (m): The length of patterns to be compared; a standard value for financial data. (Default: 2)
Tolerance Multiplier (r): Adjusts the tolerance for pattern matching; a larger value makes matching more lenient. (Default: 0.2)
Entropy Threshold: The ApEn value that must be exceeded to plot a zone. Increase this if too many zones appear; decrease it if too few appear. (Default: 0.525)
Time Settings
Analysis Timeframe: How long a zone remains on the chart after it forms. (Default: 1D)
Custom Period (Bars): The zone’s lifespan in bars if “Analysis Timeframe” is set to “Custom”. (Default: 1000)
Zone Settings
Zone Fill Color: The color of the entropy zones. (Default: #21f38a with 80% transparency)
Maximum Zone Size %: Filters out zones on candles that are larger than this percentage of their low price. (Default: 0.5)
Display Options
Show Entropy Label: Toggles the visibility of the text label inside each zone. (Default: true)
Label Text Position: The horizontal alignment of the text label. (Default: Right)
Show Calibration Note: Toggles the visibility of the calibration note in the corner of the chart. (Default: true)
Best Use Cases
Trend Reversal Trading: Identifying when a strong trend is likely to reverse or pause.
Breakout Confirmation: Using the absence of high entropy to confirm the strength of a breakout.
Ranging Market Identification: Periods of high entropy can indicate that a market is transitioning into a sideways or choppy phase.
Limitations
Not a Standalone Signal: This indicator should be used in conjunction with other forms of analysis to confirm trading signals.
Lagging Nature: Like all indicators based on historical data, ApEn is a lagging measure and does not predict future price movements with certainty.
Calibration Required: The effectiveness of the indicator is highly dependent on the “Entropy Threshold” setting, which needs to be adjusted for different assets and timeframes.
What Makes This Unique
Quantifies Complexity: It provides a numerical measure of market complexity, offering a different perspective than traditional indicators.
Clear Visual Cues: The zones make it easy to see when the market is in a state of high unpredictability.
User-Friendly Design: With features like the on-chart calibration note, the indicator is designed to be easy to use and optimize.
How It Works
Calculate Standard Deviation: The indicator first calculates the standard deviation of the source price data over a specified lookback period.
Calculate Phi: It then calculates a value called “phi” for two different pattern lengths (embedding dimensions ‘m’ and ‘m+1’). This involves comparing sequences of data points to see how many are “similar” within a certain tolerance (determined by the standard deviation and the ‘r’ multiplier).
Calculate ApEn: The Approximate Entropy is the difference between the two phi values. A higher ApEn value indicates greater irregularity and unpredictability in the data.
Plot Zones: If the calculated ApEn exceeds the user-defined ‘Entropy Threshold’, a zone is plotted on the chart.
Note: The “Entropy Threshold” is the most important setting to adjust. If you see too many zones, increase the threshold. If you see too few, decrease it.
Bullish & Bearish Three Line Strike ProHello Traders!
Overview
The **Bullish & Bearish Three Line Strike Pro** indicator pin-points one of the most decisive four-candle reversal formations on any market or timeframe. Whether you trade ranges or follow strong trends, this tool spots exhaustion and offers clear entry and exit guidance.
Key Features :
Precise pattern detection: Detects genuine Bullish and Bearish Three Line Strike setups, screening out look-alikes that fail to perform on the market.
Trend filter (optional): Aligns signals with a user-defined Simple Moving Average (SMA) so you can choose to trade only with, or deliberately against, the prevailing trend.
Visual clarity: Highlights Bullish and Bearish Three Line Strike patterns with customizable colors and shapes, making them easy to spot on the chart.
Filtered-signal display: Let the script reveal which patterns were rejected by the trend filter — an invaluable learning aid.
Bullish Three Line Strike
Three consecutive bearish candles that step lower.
The fourth candle opens below (or at) the last close, then charges upward engulfing all three prior bodies.
Bearish Three Line Strike
Three consecutive bullish candles that step higher.
The fourth candle opens above (or at) the last close, then plunges below engulfing all three prior bodies.
What makes this indicator unique
Precise pattern detection: Detects genuine Bullish and Bearish Three Line Strike setups, screening out look-alikes that fail to perform on the market.
Trend filter (optional): Aligns signals with a user-defined Simple Moving Average (SMA) so you can choose to trade only with, or deliberately against, the prevailing trend.
Visual clarity: Highlights Bullish and Bearish Three Line Strike patterns with customizable colors and shapes, making them easy to spot on the chart.
Filtered-signal display: Let the script reveal which patterns were rejected by the trend filter — an invaluable learning aid.
Nuanced candle analytics: Goes beyond simple price action by considering multiple factors such as candle body ratios, wick lengths, and relative positions to previous candles.
Adaptive learning mode: Display rejected setups to reverse-engineer the logic and refine your discretionary skills.
One-glance decision making: Unified color scheme and label styling make patterns pop, even on cluttered layouts.
How to Trade with this Indicator
Use Three Line Strike Pro to fade exhaustion or re-enter a trend after a healthy pull-back.
Bullish opportunities: Watch for light blue-colored strike candles as potential entry points.
Bearish opportunities: Look for orange-colored strike candles as potential entry points.
Entry: Open the position at the next bar’s open once the strike candle closes.
Stop-loss: 2 ticks beyond the extreme of the complete four-candle pattern.
Aggressive stop-loss: For exceptionally strong strike candles (tiny opposite wick, close near extreme) trail only 2 ticks beyond the strike candle itself.
Take-profit: Aim for 2R (3R for aggressive traders), or trail behind higher lows / lower highs.
Trend Alignment
For a conservative approach, enable "Use Trend Filter" and take only those strikes that agree with the SMA slope. The SMA line is color-coded—lime for up, red for down, yellow for flat—to help you confirm bias at a glance.
Tip: If you want the candle coloring to sit on top of all other studies, drag the indicator to the top of your Object Tree.
Adaptive MACD Deluxe [AlgoAlpha]OVERVIEW
This script is an advanced rework of the classic MACD indicator, designed to be more adaptive, visually informative, and customizable. It enhances the original MACD formula using a dynamic feedback loop and a correlation-based weighting system that adjusts in real-time based on how deterministic recent price action is. The signal line is flexible, offering several smoothing types including Heiken Ashi, while the histogram is color-coded with gradients to help users visually identify momentum shifts. It also includes optional normalization by volatility, allowing MACD values to be interpreted as relative percentage moves, making the indicator more consistent across different assets and timeframes.
CONCEPTS
This version of MACD introduces a deterministic weight based on R-squared correlation with time, which modulates how fast or slow the MACD adapts to price changes. Higher correlation means smoother, slower MACD responses, and low correlation leads to quicker reaction. The momentum calculation blends traditional EMA math with feedback and damping components to create a smoother, less noisy series. Heiken Ashi is optionally used for signal smoothing to better visualize short-term trend bias. When normalization is enabled, the MACD is scaled by an EMA of the high-low range, converting it into a bounded, volatility-relative indicator. This makes extreme readings more meaningful across markets.
FEATURES
The script offers six distinct options for signal line smoothing: EMA, SMA, SMMA (RMA), WMA, VWMA, and a custom Heiken Ashi mode based on the MACD series. Each option provides a different response speed and smoothing behavior, allowing traders to match the indicator’s behavior to their strategy—whether it's faster reaction or reduced noise.
Normalization is another key feature. When enabled, MACD values are scaled by a volatility proxy, converting the indicator into a relative percentage. This helps standardize the MACD across different assets and timeframes, making overbought and oversold readings more consistent and easier to interpret.
Threshold zones can be customized using upper and lower boundaries, with inner zones for early warnings. These zones are highlighted on the chart with subtle background fills and directional arrows when MACD enters or exits key levels. This makes it easier to spot strong or weak reversals at a glance.
Lastly, the script includes multiple built-in alerts. Users can set alerts for MACD crossovers, histogram flips above or below zero, and MACD entries into strong or weak reversal zones. This allows for hands-free monitoring and quick decision-making without staring at the chart.
USAGE
To use this script, choose your preferred signal smoothing type, enable normalization if you want MACD values relative to volatility, and adjust the threshold zones to fit your asset or timeframe. Use the colored histogram to detect changes in momentum strength—brighter colors indicate rising strength, while faded colors imply weakening. Heiken Ashi mode smooths out noise and provides clearer signals, especially useful in choppy conditions. Use alert conditions for crossover and reversal detection, or monitor the arrow markers for entries into potential exhaustion zones. This setup works well for trend following, momentum trading, and reversal spotting across all market types.
