PineGIF - Display Gifs & Images In Tradingview [LuxAlgo]Pinescript is not designed to create or display images, let alone gifs, but it's very fun to try, and that's what this script does. This script allows the user to display three different gifs. In this post, we explain how we managed to display images/gif's using pinescript tables.
1. Image Pre-Processing
Due to pinescript limitations, we can't possibly display images with an excessively high resolution. As such we targeted pixel art as a primary image source. We used a pixel art gif of the magnificent Octocat (the mascot for the source-code hosting service GitHub) for our first try.
We first extract each frame from the gif and resize them to a 50x50 resolution which returns frames made of 2500 pixels. This process was done using python.
Getting Individual Pixels RGBA Values
Python can easily return a matrix containing each pixel's rgba value. For convenience, we converted the rgba values to hex.
We then create a simple code allowing us to return a pinescript array containing the 2500 pixel hex colors. We do this process for each frame.
2. Defining Table Cell Color
In the code, each frame is its own array. We create a new table with dimensions equal to len(frame1)^2 (we assume height = width).
The color of a cell is defined by the color of the image pixel at the same exact location. When a new bar is created, we do this exact process using a different frame which ultimately allows a new frame to be displayed.
3. Playing The GIFs
By default, the script will play the gif of the Tradingview cloud logo raining. In order to play the gif, simply use the replay mode. The replay speed allows the user to determine the frame rate (0.1 for the raining cloud and Nyan cat works best, 0.5 for Octocat).
We included the frames of the Octocat and Nyan cat gifs in the script.
4. Some Other Cool Images
Displaying static images is possible and involves the same process described above.
An original idea of the lizard, implemented by the wizard.
Search in scripts for " TABLE"
VWATR + VIX + VVIX Trend Regime### 🤖 VWATR + VIX + VVIX Trend Regime — Your Ultimate Volatility Dashboard! 📊
This isn't just another indicator; it's a comprehensive dashboard that brings together everything you need to understand market volatility focused on Futures. It merges price-based movement with market-wide fear and sentiment, giving you a powerful edge in your trading and risk management. Think of it as your personal volatility sidekick, ready to help you navigate market uncertainty like a pro!
***
### ✨ What's Inside?
* **VWATR (Volume-Weighted ATR):** A super-smart measure of price movement that pays close attention to where the big money is flowing.
* **VIX (The "Fear Gauge"):** Tracks the expected volatility of the S&P 500, essentially telling you how nervous the market is feeling.
* **VVIX (The "VIX of VIX"):** This one's for the pros! It measures how volatile the VIX itself is, giving you an early heads-up on potential fear spikes.
* **VX Term Structure:** A clever way to see if traders are preparing for a crisis. It compares the two nearest VIX futures to spot a rare signal called "backwardation."
* **Z-Scores:** It helps you spot when VIX and VVIX are at historic highs or lows, making it easier to predict when things might return to normal.
* **Divergence Score:** A unique tool to flag potential market shifts when the VIX and VVIX start moving in completely different directions.
* **Regime Classification:** The script automatically labels the market as "Full Panic," "Known Crisis," "Surface Calm," "Stress," or "Normal," so you always know where you stand.
* **Gradient Bars:** A visual treat! The background of your chart changes color to reflect real-time volatility shifts, giving you an instant feel for the market's mood.
* **Alerts:** Get push notifications on your phone for key events like "Full Panic" or "Backwardation" so you never miss a beat.
***
### 📝 Panel/Table Outputs
This is your mission control! The on-screen table gives you a clean summary of the current market regime, VIX and VVIX values, their ratios, term structure, Z-scores, and signals. Everything you need, right where you can see it.
***
### 🚀 How to Get Started
1. **Check your data:** You'll need access to real-time data for VIX, VVIX, VX1!, and VX2!. A paid subscription might be necessary for this.
2. **Add it to your chart:** Use the indicator on any chart (we've set it to `overlay=false`) to get your full volatility dashboard.
3. **Tweak it to perfection:** Head over to the Settings panel to customize the thresholds, colors, and your all-important "Jolt Value."
4. **Start trading smarter:** Use the dashboard to inform your trades, hedge your portfolio, and manage risk with confidence.
***
### ⚙️ Customization & Key Settings
* `showVWATR`: Toggle your price-volatility metric on or off.
* `showExpectedVol`: See the expected volatility as a percentage of the current price.
* `joltLevel`: This is a very important line on your chart! It's your personal trigger for when volatility is getting a little too wild. More on this below.
* `enableGradientBars`: Turn the awesome colored background on or off.
* `enableTable`: Hide or show your information table.
* `VIX/VVIX/VX1!/VX2! symbols`: If your broker uses different symbols for these, you can change them here.
* `VIX/VVIX thresholds`: Adjust these levels to fine-tune the indicator to your personal risk tolerance.
***
### 💡 Jolt Value: A Quick Guide for Smart Traders 🧠
The **jolt value** is your personal tripwire for volatility. Think of it as a warning light on your car's dashboard. You set the level, and when volatility (VWATR) crosses that line, you get an instant signal that something interesting is happening.
**How to Set Your Jolt Value:**
The ideal jolt value is dynamic. You want to keep it just a little above the current VIX level to stay alert without getting too many false alarms.
| Current VIX Level | Market Regime | Recommended Jolt Value |
| :--- | :--- | :--- |
| Under 15 | Calm/Complacent | 15–16 |
| 15–20 | Typical/Normal | 16–18 |
| 20–30 | Cautious/Active | 18–22 |
| Over 30 | Stress/Panic | 30+ |
**A Pro Tip for August 2025:** Since the VIX is hovering around 14.7, setting your jolt value to **16.5** is a great starting point for keeping an eye on things. If the VIX starts to climb above 20, you should adjust your jolt level to match the new reality.
***
### ⚠️ Important Things to Note
* You might experience some data delays if you're not on a paid TradingView plan or your broker does not provide real-time data for the VIX also VIX is only active during NY session, so it's not advised to use it outside of normal trading hours!
Enhanced 4H Candle Countdown & High/Low IndicatorBy profitgang
This Pine Script indicator provides real-time tracking of 4-hour timeframe levels with an integrated countdown timer, designed to help traders monitor key support and resistance zones.
Key Features
📊 Visual Elements
4H High/Low Lines: Clear visualization of previous 4-hour candle high and low levels
Range Fill: Subtle background fill between high and low for better context
Mid-Level Line: Shows the middle point of the 4H range
Position Indicator: Visual cue showing current price position within the range
⏰ Countdown Timer
Real-time countdown to next 4H candle close
Customizable table position (9 different locations)
Adjustable text size (6 size options from Tiny to Huge)
Distance calculations showing percentage distance from key levels
🎯 Signal Generation
Long signals when price crosses above 4H low
Short signals when price crosses below 4H high
RSI confluence filter to reduce false signals
Background highlighting for active signals
TradingView alerts compatible
⚙️ Customization Options
Toggle all features on/off independently
Custom colors for all elements
Table positioning (top/middle/bottom + left/center/right)
Text size selection for optimal readability
Alert notifications for level breaks and updates
How It Works
The indicator fetches the previous 4-hour candle's high and low values and displays them as horizontal lines on your current timeframe chart. It continuously calculates the time remaining until the current 4H candle closes and presents this information in a clean, customizable table.
Use Cases
Swing Trading: Identify key 4H support and resistance levels
Intraday Trading: Monitor when new 4H levels will be established
Risk Management: Calculate distance from key levels for position sizing
Multi-timeframe Analysis: Combine with lower timeframe setups
Educational Purpose
This indicator is designed for educational and analytical purposes to help traders understand price action relative to higher timeframe levels. It provides clear visual feedback about market structure and timing.
Settings Groups
Display Settings: Toggle features, positioning, and sizing
Colors: Customize all visual elements
Signal Settings: Configure alert conditions and confluence filters
Compatibility
Works on all timeframes (recommended for 1m to 1H charts)
Compatible with all instruments
Includes proper alert functionality for automated notifications
Optimized for both light and dark themes
This indicator does not provide financial advice. Always conduct your own research and risk management before making trading decisions.
Advanced Trend Panel v3.1This is a comprehensive dashboard indicator designed to give traders a multi-faceted view of the market at a single glance. It combines key indicators across multiple timeframes, calculates trend duration, and presents all information in a clean, color-coded table. This tool is perfect for confirming trade ideas, identifying trend alignment, and understanding the underlying market dynamics.
#### Key Features:
* **All-in-One Dashboard:** A convenient on-chart table summarizes the state of multiple key indicators, saving you screen space and time.
* **Multi-Timeframe (MTF) Forecast:** Analyzes the long-term trend on a higher timeframe (e.g., Daily) to provide context for the current chart's trend.
* **Trend Analysis:** Uses dual sets of EMAs (long-term and short-term) to define the primary and immediate trend directions.
* **Trend Duration:** A unique feature that calculates how long the current short-term and long-term trends have been active, helping you gauge trend maturity.
* **Core Indicators Included:**
* **ADX:** Measures trend strength to differentiate between strong trends and weak or sideways markets.
* **RSI:** Identifies overbought and oversold conditions.
* **Point of Control (POC):** Shows the price level with the highest traded volume over a lookback period, acting as a key level of support/resistance.
* **Volume:** Compares current volume to its moving average to spot unusual activity.
* **Customizable Alerts:** Set up alerts for trend changes (long-term or short-term), RSI crossing into overbought/oversold zones, or shifts in ADX trend strength.
#### How to Use:
1. Apply the indicator to your chart.
2. In the settings, configure the timeframes, indicator lengths, and display options to match your trading style.
3. Use the table to quickly assess if the long-term trend, short-term trend, and momentum are aligned.
4. Enable alerts to be notified of key changes in market conditions without having to watch the chart constantly.
**Disclaimer:** This script is for educational purposes only and should not be considered financial advice. All trading involves risk. Past performance is not indicative of future results. Please backtest and use this tool as part of a comprehensive trading plan with proper risk management.
Feedback is always welcome! If you find this indicator useful, please leave a like.
Price Exhaustion Envelope [BackQuant]Price Exhaustion Envelope
Visual preview of the bands:
What it is
The Price Exhaustion Envelope (PEE) is a multi‑factor overextension detector wrapped inside a dynamic envelope framework. It measures how “tired” a move is by blending price stretch, volume surges, momentum and acceleration, plus optional RSI divergence. The result is a composite exhaustion score that drives both on‑chart signals and the adaptive width of three optional envelope bands around a smoothed baseline. When the score spikes above or below your chosen threshold, the script can flag exhaustion, paint candles, tint the background and fire alerts.
How it works under the hood
Exhaustion score
Price component: distance of close from its mean in standard deviation units.
Volume component: normalized volume pressure that highlights unusual participation.
Momentum component: rate of change and acceleration of price, scaled by their own volatility.
RSI divergence (optional): bullish and bearish divergences gently push the score lower or higher.
Mode control: choose Price, Volume, Momentum or Composite. Composite averages the main pieces for a balanced view.
Energy scale (0 to 100)
The composite score is pushed through a logistic transform to create an “energy” value. High energy (above 70 to 80) signals a move that may be running hot, while very low energy (below 20 to 30) points to exhaustion on the downside.
Envelope engine
Baseline: EMA of price over the main lookback length.
Width: base width is standard deviation times a multiplier.
Type selector:
• Static keeps the width fixed.
• Dynamic expands width in proportion to the absolute exhaustion score.
• Adaptive links width to the energy reading so bands breathe with market “heat.”
Smoothing: a short EMA on the width reduces jitter and keeps bands pleasant to trade around.
Band architecture
You can toggle up to three symmetric bands on each side of the baseline. They default to 1.0, 1.6 and 2.2 multiples of the smoothed width. Soft transparent fills create a layered thermograph of extension. The outermost band often maps to true blow‑off extremes.
On‑chart elements
Baseline line that flips color in real time depending on where price sits.
Up to three upper and lower bands with progressive opacity.
Triangle markers at fresh exhaustion triggers.
Tiny warning glyphs at extreme upper or lower breaches.
Optional bar coloring to visually tag exhausted candles.
Background halo when energy > 80 or < 20 for instant context.
A compact info table showing State, Score, Energy, Momentum score and where price sits inside the envelope (percent).
How to use it in trading
Mean reversion plays
When price pierces the outer band and an exhaustion marker prints, look for reversal candles or lower‑timeframe confirmation to fade the move back toward the baseline.
For conservative entries, wait for the composite score to roll back under the threshold or for energy to drop from extreme to neutral.
Set stops just beyond the extreme levels (use extreme_upper and extreme_lower as natural invalidation points). Targets can be the baseline or the opposite inner band.
Trend continuation with smart pullbacks
In strong trends, the first tag of Band 1 or Band 2 against the dominant direction often offers low‑risk continuation entries. Use energy readings: if energy is low on a pullback during an uptrend, a bounce is more likely.
Combine with RSI divergence: hidden bullish divergence near a lower band in an uptrend can be a powerful confirmation.
Breakout filtering
A breakout that occurs while the composite score is still moderate (not exhausted) has a higher chance of follow‑through. Skip signals when energy is already above 80 and price is punching the outer band, as the move may be late.
Watch env_position (Envelope %) in the table. Breakouts near 40 to 60 percent of the envelope are “healthy,” while those at 95 percent are stretched.
Scaling out and risk control
Use exhaustion alerts to trim positions into strength or weakness.
Trail stops just outside Band 2 or Band 3 to stay in trends while letting the envelope expand in volatile phases.
Multi‑timeframe confluence
Run the script on a higher timeframe to locate exhaustion context, then drill down to a lower timeframe for entries.
Opposite signals across timeframes (daily exhaustion vs. 5‑minute breakout) warn you to reduce size or tighten management.
Key inputs to experiment with
Lookback Period: larger values smooth the score and envelope, ideal for swing trading. Shorter values make it reactive for scalps.
Exhaustion Threshold: raise above 2.0 in choppy assets to cut noise, drop to 1.5 for smooth FX pairs.
Envelope Type: Dynamic is great for crypto spikes, Adaptive shines in stocks where volume and volatility wave together.
RSI Divergence: turn off if you prefer a pure price/volume model or if divergence floods the score in your asset.
Alert set included
Fresh upper exhaustion
Fresh lower exhaustion
Extreme upper breach
Extreme lower breach
RSI bearish divergence
RSI bullish divergence
Hook these to TradingView notifications so you get pinged the moment a move hits exhaustion.
Best practices
Always pair exhaustion signals with structure. Support and resistance, liquidity pools and session opens matter.
Avoid blindly shorting every upper signal in a roaring bull market. Let the envelope type help you filter.
Use the table to sanity‑check: a very high score but mid‑range env_position means the band may still be wide enough to absorb more movement.
Backtest threshold combinations on your instrument. Different tickers carry different volatility fingerprints.
Final note
Price Exhaustion Envelope is a flexible framework, not a turnkey system. It excels as a context layer that tells you when the crowd is pressing too hard or when a move still has fuel. Combine it with sound execution tactics, risk limits and market awareness. Trade safe and let the envelope breathe with the market.
Qossai Stock Info### Qossai Stock Info Indicator
This indicator provides a concise overlay of essential stock information directly on your chart, presented in a clean, organized table. Designed for quick glances, it helps traders and investors stay informed about key fundamental and volatility metrics of the currently viewed symbol.
**Key Features:**
* **Symbol/Ticker Display:** Clearly shows the ticker of the asset you are currently viewing.
* **Dynamic Market Capitalization (Market Cap):** Automatically calculates and displays the market capitalization in a readable format (Millions, Billions, or Trillions), providing instant insight into the company's size.
* **Average True Range (ATR) as Percentage:** Shows the 14-day Average True Range (a measure of volatility) as a percentage of the closing price, helping you gauge the typical price movement. The ATR period is customizable.
* **Earnings Countdown:** Keep track of upcoming events with a precise countdown displaying the number of days remaining until the next earnings announcement. This feature can be toggled on or off via the indicator's settings.
* **Clean Table Format:** All information is presented neatly in a table with a subtle black background, ensuring readability without cluttering your main chart view.
**How to Use:**
Simply add the "Qossai Stock Info" indicator to your chart. You can adjust the ATR length and toggle the earnings countdown visibility from the indicator's settings.
**Purpose:**
This tool aims to simplify access to critical stock data, empowering users to make quicker, more informed decisions by having vital information readily available on their screen.
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WRAMA Channel (Weighted RSI ATR MA)OVERVIEW
The WRAMA Channel (Weighted RSI ATR MA) is an advanced technical analysis tool designed to react more quickly to price movements compared to indicators using conventional moving averages. It combines the Relative Strength Index (RSI), Average True Range (ATR), and a weighted moving average, resulting in the WRAMA. This indicator forms a dynamic price channel based on a weighted average that incorporates both trend strength (via RSI) and market volatility (via ATR). It helps traders identify trends, potential reversals, and breakout signals, while offering broad customization options.
Key Features
WRAMA Price Channel:
Generates a dynamic channel around the weighted moving average (WRAMA), adapting to market volatility and momentum, similar to Bollinger Bands. Users are encouraged to adjust channel width and length according to their strategy.
The upper and lower channel bands are calculated based on a percentage deviation from the baseline line.
The channel fill color changes depending on the price's position relative to the baseline (green above, red below), with an optional gradient for better visualization.
Weighted Moving Average (WRAMA):
WRAMA is a custom weighted moving average (MA1), where closing prices are weighted based on RSI and ATR, allowing it to dynamically adapt to market conditions.
Baseline: The WRAMA line calculated over a user-defined period.
WRAMA Calculation:
RSI Weight: Based on RSI value. When RSI is in extreme zones (below the lower threshold or above the upper threshold), an extreme weight is applied. Otherwise, the weight is based on the squared RSI value divided by 100, raised to a power defined by the rsi_weight_factor.
ATR Weight: Based on the ATR-to-average-ATR ratio. If ATR exceeds a threshold (atr_threshold × avg_atr), an extreme weight is applied. Otherwise, the weight is based on the squared ratio of ATR to average ATR, raised to the power of the atr_weight_factor.
Combined Weight: RSI and ATR weights are combined using a rsi_atr_balance parameter. Final weight = RSI weight × balance + ATR weight × (1 - balance).
WRAMA Calculation: The closing price is multiplied by the combined weight. The result is averaged over the ma_length period and divided by the average of the weights, forming the WRAMA line. For current WRAMA (ma_length = 1), the calculation simplifies to a single weighted price.
Additional Moving Averages:
For additional confirmations, the indicator supports up to five moving averages (MA1–MA5) with various types (SMA, EMA, WMA, HMA, ALMA) and customizable periods.
All additional MAs are calculated based on WRAMA or its baseline, ensuring consistency and enabling deeper analysis within a unified methodology. MA trend directions can be tracked in a built-in signal table.
Trading Signals:
Breakout Signals: Breakouts above/below the channel are optionally marked with triangle shapes (green for bullish, red for bearish).
MA Signals: Price position relative to MAs or their slope generates bullish/bearish signals. These are optionally visualized with default triangles (green up, red down).
A signal table in the top-right corner summarizes the status of each moving average – bullish, bearish, or neutral.
Customization Options
Channel Settings:
MA Period: Length of the WRAMA baseline (default: 100).
Channel Deviation : Percentage offset from the baseline for upper/lower bands (default: 1.5%).
RSI Settings:
RSI Period: Length of the RSI calculation (default: 14).
RSI Upper/Lower Threshold: Overbought/oversold levels (default: 70/30).
RSI Weight Factor: Influence of RSI on weighting (default: 2.0).
ATR Settings:
ATR Period: ATR calculation length (default: 14).
ATR Threshold: Volatility threshold as a multiple of average ATR (default: 1.5).
ATR Weight Factor: Influence of ATR on weighting (default: 2.0).
RSI & ATR Combined:
Extreme Weight: Weight applied in extreme RSI/ATR conditions (default: 3.0).
RSI/ATR Balance: Balance between RSI and ATR influence (default: 0.5).
Signal Settings:
Show Breakout Signals: Enable/disable breakout triangles.
Show MA Signals: Enable/disable MA-based signals.
MA Signal Source: Choose between current WRAMA or baseline.
MA Signal Analysis: Based on price position or slope.
Neutral Threshold : Minimum distance from MA for signal neutrality (default: 0.5%).
Minimum MA Slope : Minimum slope for trend direction signals (default: 0.01%).
Moving Averages (MA1–MA5):
Options to enable/disable, select type (SMA, EMA, WMA, HMA, ALMA), set period length, and choose color.
Style Settings:
Gradient Fill: Enable/disable gradient coloring within the channel.
Show Baseline: Enable/disable WRAMA baseline visibility.
Colors: Customize line, fill, and signal colors.
Use Cases
Trend Identification: The WRAMA channel highlights trend direction and potential reversal zones when price contacts the channel edges.
Breakout Signals: Channel breakouts may indicate trend shifts or momentum surges.
MA Analysis: The signal table provides a clear summary of market direction (bullish, bearish, or neutral) based on selected moving averages.
Trading Strategies: Suitable for trend-following, mean-reversion, and scalping strategies, depending on user preferences and settings.
Notes
The indicator offers a high degree of flexibility, making it adaptable to various trading styles, instruments, and timeframes.
It is recommended to adjust channel length and width to fit your trading strategy.
Backtesting settings on historical data is advised to optimize parameters for a specific strategy and market.
Stock Performance DashboardStock Performance Dashboard
This indicator provides a compact, color-coded table comparing the performance of the current stock to a benchmark index across multiple timeframes: 1, 5, 10, 20, 50, and 200 days.
Columns: Period, Stock %, Index %, Outperforming (✔/✖), and Difference.
Conviction Score: The last row summarizes overall outperformance as a “conviction” level (e.g., Super solid, Solid, Good, Ok, Needs improv., Poor).
Mini Mode: For a quick view, Mini Mode shows only the period and outperformance status.
Customizable: Supports dark/light mode, table size, position, and optional difference column.
Space Efficient: Short headers and a minimized layout make it easy to add more info or columns in future versions.
How to use:
Add the indicator to any chart. Adjust settings in the indicator panel to change the benchmark index, enable mini mode, or reposition the table.
Ideal for:
Traders who want a fast, at-a-glance summary of how a stock is performing against its benchmark across key timeframes, directly on the chart.
Shooting Star ORB🧠 Indicator Name: "First Candle Shooting Star + ORB"
📌 Purpose
This indicator detects when the first candle of the day forms a Shooting Star pattern and then monitors for a breakout beyond its range. It visually marks the pattern and the breakout with boxes and provides real-time alerts and a status table.
🔍 What It Does Step-by-Step
1. 📅 Detects the Start of a New Trading Day
Uses ta.change(time("D")) to identify a new trading day.
When a new day starts, it checks if the very first candle of the session is a Shooting Star.
2. 🕯️ Identifies a Shooting Star Pattern
A candle is labeled a Shooting Star if:
It has a small body compared to the full candle range.
It has a long upper shadow at least 2× the body.
It has a short or tiny lower shadow.
All these criteria are adjustable through inputs.
3. 📦 Draws a Box for the First Candle Range
If a Shooting Star is found in the first candle of the day:
It draws a red shaded box covering the high and low of that candle.
The box visually marks the potential Opening Range.
4. 💥 Detects Breakout from Shooting Star Candle
After the first candle:
If price moves above or below the range by a specified % (like 1%), it flags a breakout.
A blue shaded box is drawn at the breakout candle for visual confirmation.
5. 🔔 Alerts
🔴 Shooting Star Detected: Alerts when the first candle is a shooting star.
🔵 Breakout Detected: Alerts when the price breaks out of the first candle’s range.
6. 📊 Displays Real-Time Info Table
A small table is shown on the chart:
🕯️ Pattern: “Shooting Star” or blank
💥 Breakout: “Yes” or “No”
⏱️ The timeframe being analyzed (e.g., “5” for 5-minute)
NSE/BSE Derivative - Next Expiry Date With HolidaysNSE & BSE Expiry Tracker with Holiday Adjustments
This Pine Script is a TradingView indicator that helps traders monitor upcoming expiry dates for major Indian derivative contracts. It dynamically adjusts these expiry dates based on weekends and holidays, and highlights any expiry that falls on the current day.
⸻
Key Features
1. Tracks Expiry Dates for Major Contracts
The script calculates and displays the next expiry dates for the following instruments:
• NIFTY (weekly expiry every Thursday)
• BANKNIFTY, FINNIFTY, MIDCPNIFTY, NIFTYNXT50 (monthly expiry on the last Thursday of the month)
• SENSEX (weekly expiry every Tuesday)
• BANKEX and SENSEX 50 (monthly expiry on the last Tuesday of the month)
• Stocks in the F&O segment (monthly expiry on the last Thursday)
2. Holiday Awareness
Users can input a list of holiday dates in the format YYYY-MM-DD,YYYY-MM-DD,.... If any calculated expiry falls on one of these holidays or a weekend, the script automatically adjusts the expiry to the previous working day (Monday to Friday).
3. Customization Options
The user can:
• Choose the position of the expiry table on the chart (e.g. top right, bottom left).
• Select the font size for the expiry table.
• Enable or disable the table entirely (if implemented as an input toggle).
4. Visual Expiry Highlighting
If today is an expiry day for any instrument, the script highlights that instrument in the display. This makes it easy to spot significant expiry days, which are often associated with increased volatility and trading volume.
⸻
How It Works
• The script calculates the next expiry for each index using built-in date/time functions.
• For weekly expiries, it finds the next occurrence of the designated weekday.
• For monthly expiries, it finds the last Thursday or Tuesday of the month.
• Each expiry date is passed through a check to adjust for holidays or weekends.
• If today matches the adjusted expiry date, that row is visually emphasized.
⸻
Use Case
This script is ideal for traders who want a quick glance at which instruments are expiring soon — especially those managing options, futures, or expiry-based strategies.
AsturRiskPanelIndicator Summary
ATR Engine
Length & Smoothing: Choose how many bars to use (default 14) and the smoothing method (RMA/SMA/EMA/WMA).
Median ATR: Computes a rolling median of ATR over a user-defined look-back (default 14) to derive a “scalp” target.
Scalp Target
Automatically set at ½ × median ATR, snapped to the nearest tick.
Optional rounding to whole points for simplicity.
Stop Calculation
ATR Multiplier: Scales current ATR by a user input (default 1.5) to produce your stop distance in points (and ticks when appropriate).
Distortion Handling: Switches between point-only and point + tick displays based on contract specifications.
Risk & Sizing
Risk % of account per trade (default 2 %).
Calculates dollar risk per contract and optimal contract count.
Displays all metrics (scalp, stop, risk/contract, max contracts, max risk, account size) in a customizable on-chart table.
ATR-Based Stop Placement Guidelines
Trade Context ATR Multiplier Notes
Tight Range Entry 1.0 × ATR High-conviction, precise entries. Expect more shake-outs.
Standard Trend Entry 1.5 × ATR Balanced for H2/L2, MTR, DT/DB entries.
Breakouts/Microchannels 2.0 × ATR Wide stops through chop—Brooks-style breathing room.
How to Use
Select ATR Settings
Pick an ATR length (e.g. 14) and smoothing (RMA for stability).
Adjust the median length if you want a faster/slower scalp line.
Align Multiplier with Your Setup
For tight-range entries, set ATR Multiplier ≈ 1.0.
For standard trend trades, leave at 1.5.
For breakout/pullback setups, increase to 2.0 or more.
Customize Risk Parameters
Enter your account size and desired risk % per trade (e.g. 2 %).
The table auto-calculates how many contracts you can take.
Read the On-Chart Table
Scalp shows your intraday target.
Stop gives Brooks-style stop distance in points (and ticks).
Risk/Contract is the dollar risk per contract.
Max Contracts tells you maximum position size.
Max Risk confirms total dollar exposure.
Visual Confirmation
Place your entry, then eyeball the scalp and stop levels against chart structure (e.g. swing highs/lows).
Adjust the ATR multiplier if market context shifts (e.g. volatility spikes).
By blending this sizing panel with contextual ATR multipliers, you’ll consistently give your trades the right amount of “breathing room” while keeping risk in check.
MÈGAS ALGO : CNA (Cognitio Analysis) [INDICATOR]Overview
The CNA (Cognitio Analysis) is a comprehensive financial analysis tool designed to evaluate the overall health and potential of a market or company based on fundamental metrics. It aggregates data across five key metric groups—**Growth**, **Profitability**, **Cash Flow**, **Income**, and **Valuation**—to provide a final interpretation of market conditions. The indicator dynamically adapts to the selected fiscal period (Quarter, Year, or Trailing Twelve Months) and delivers insights into dominant trends and conflicting signals.
Key Features
1. Customizable Fiscal Period:
- Users can select between "Quarter", "Year", or "Trailing Twelve Months" (TTM) to analyze data for their desired timeframe.
2. Dynamic Table Visualization:
- Displays raw metric values, aggregated scores, and the final interpretation in an intuitive
table.
- Highlights the final interpretation with dynamic background colors (`color.teal` for bullish,
`color.red` for bearish, etc.).
3. Comprehensive Data Integration:
- Pulls financial data using TradingView's `request.financial()` function for metrics like
revenue, earnings, margins, and valuation ratios.
4. Normalization and Scoring:
- Normalizes data to create a consistent scoring system, ensuring accurate comparisons across
metrics.
How It Works
1. Metric Group Analysis
- Growth Metrics: Measures revenue growth, earnings per share (EPS) growth, and tax
efficiency.
- Profitability Metrics: Analyzes net profit margin, return on equity (ROE), and EBITDA margin.
- Cash Metrics: Assesses operating cash flow margin, free cash flow to operating cash flow
ratio, and cash flow coverage.
- Income Metrics: Examines gross profit margin, operating profit margin, and EBIT margin.
- Valuation Metrics: Evaluates price-to-earnings (P/E), price-to-sales (P/S), and enterprise
value-to-EBITDA (EV/EBITDA).
2. Dynamic Scoring System
- Metrics are normalized to ensure consistency across different scales.
- A geometric mean is used to calculate scores for each metric group, ensuring that all metrics
within a group contribute equally to the final score.
3. Dominant Trend Identification
- Scores from all five metric groups are aggregated to determine the **dominant trend** of the
market.
- The dominant trend is categorized as:
- Bullish: Strong fundamentals across most metrics.
- Bearish: Weak fundamentals across most metrics.
- Neutral: Balanced conditions with no clear direction.
- Unclear: Mixed signals dominate, requiring further monitoring.
4. Conflicting Signals Interpretation
- The indicator identifies scenarios where metrics conflict (e.g., high growth but low valuation).
- These conflicting signals provide nuanced insights into market conditions, highlighting rare opportunities or potential risks.
How to Use the Indicator
1. Select Fiscal Period:
- Choose between "FQ", "FY", or "TTM" to analyze data for the desired timeframe.
2. Review Metric Scores:
- Examine the scores for each metric group (Growth, Profitability, Cash, Income, Valuation) to
understand the underlying performance.
3. Interpret Final Output:
- The final interpretation provides a summary of the dominant trend and conflicting signals,
helping users make informed decisions.
4. Dynamic Coloring:
- Use the dynamic background colors in the table to quickly identify market sentiment
(bullish, bearish, neutral, or mixed).
Applications
- Identifying Opportunities:
- Look for bullish dominant trends combined with undervalued growth opportunities for
potential long positions.
- Avoiding Risks:
- Watch out for bearish dominant trends with overvaluation alerts to avoid potential losses.
- Monitoring Neutral Markets:
- Use the indicator to identify neutral markets and wait for clearer signals before making
decisions.
Conclusion
The CNA (Cognitio Analysis) is a powerful tool for traders and investors seeking to make informed decisions based on fundamental analysis. By combining detailed metric evaluations, dynamic scoring, and sentiment-based interpretations, this indicator provides a comprehensive view of market conditions. Whether you're identifying undervalued opportunities, avoiding overvalued risks, or monitoring neutral markets, this indicator equips you with the insights needed to navigate complex financial landscapes.
Please Note:
This indicator is provided for informational and educational purposes only. It is not financial advice, and it should not be considered a recommendation to buy, sell, or trade any financial instrument. Trading involves significant risks, including the potential loss of your entire investment. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions.
The results and images provided are based on algorithms and historical/paid real-time market data but do not guarantee future results or accuracy. Use this tool at your own risk, and understand that past performance is not indicative of future outc
FSH ATR MTF MonitorThe FSH ATR MTF Monitor tracks the Average True Range (ATR) and current range across six customizable timeframes, displaying the results in a table. When a timeframe’s range exceeds its ATR, the range value turns yellow, signaling heightened volatility. This multi-timeframe tool helps traders assess market conditions and plan entries or exits.
Key Features:
- Monitors ATR and range for up to six timeframes simultaneously.
- Customizable ATR length and timeframe inputs.
- Highlights ranges exceeding ATR in yellow for quick identification.
- Table display with toggle option for flexibility.
How to Use:
1. Add the indicator to your chart.
2. Adjust the ATR length and timeframes in the inputs as needed.
3. Watch for yellow range values to spot volatility spikes across timeframes.
4. Toggle the table off if not needed.
Ideal for scalpers, swing traders, or anyone analyzing volatility across multiple timeframes.
Multi-Time Frame DMI with Gradient Bar ColoringDisplays a table showing the Directional Movement Index (DMI) sentiment for multiple time frames based on the Average Directional Index (ADX) value for each time frame.
Table Position and Text Size are configurable, with two styles (vertical or horizontal) available.
Time frame labels can be toggled off for color-only table.
Bars are colored based on the ADX value using a color gradient between the bullish and bearish color inputs. The neutral color is independent of the gradient for contrast.
Nasdaq Risk Calculator - DTFXNasdaq Risk Calculator
This Pine Script (v5) indicator provides a dashboard-style tool for calculating trading risk based on manually input tick measurements for Nasdaq futures contracts (NQ and MNQ). Designed as an overlay on the main chart, it displays key risk metrics in a fixed-position table, allowing traders to assess contract type, lot size, risk ticks, and actual risk in dollars relative to a user-defined risk amount.
Features:
Manual Tick Input: Enter the number of ticks (e.g., from a ruler measurement) to define the price range for risk calculation.
Risk Calculation: Computes the optimal contract (NQ or MNQ), number of lots, risk ticks (half the input range), and actual risk in dollars, targeting the specified risk amount (default: $100).
Customizable Dashboard: Displays results in a single-cell table with a semi-transparent white background and gray border, positioned in one of four chart corners (Top Left, Top Right, Bottom Left, Bottom Right) via user selection.
Reset Option: Includes a toggle to clear the dashboard and start anew.
How to Use:
Add the indicator to your chart (best suited for NQ or MNQ futures).
In the settings, input your "Risk Amount ($)" and "Ticks" (e.g., 400 for a 100-point range on NQ).
Select the "Dashboard Corner" to position the table.
View the calculated risk details in the chosen corner.
Adjust inputs or reset as needed.
Notes:
NQ tick value is $5.00 (NQ_MULTIPLIER = 5.0), and MNQ tick value is $0.50 (MNQ_MULTIPLIER = 0.5).
Ideal for traders planning risk based on measured price ranges, such as support/resistance zones.
ST -Dashboard Volume MTF , [Sese04]User Guide: ST - Dashboard Volume MTF
Introduction
This script displays a multi-timeframe (MTF) volume dashboard, tracking buy and sell volumes and the moving averages of volume. It is designed for traders using ICT (Inner Circle Trader) and SMC (Smart Money Concepts) to quickly visualize market dynamics across multiple timeframes.
Settings and Features
📌 User Inputs
Customizable settings allow traders to adjust the dashboard display and volume moving averages.
Volume Display per Timeframe
show_vol_1m: Show volume for 1-minute chart.
show_vol_5m: Show volume for 5-minute chart.
show_vol_15m: Show volume for 15-minute chart.
show_vol_1h: Show volume for 1-hour chart.
show_vol_4h: Show volume for 4-hour chart.
show_vol_1d: Show volume for 1-day chart.
Volume Moving Average Settings
ma_length_short: Length of the short-term moving average (default 5 periods).
ma_length_long: Length of the long-term moving average (default 14 periods).
Dashboard Customization
dashboard_position: Dashboard position (Bottom Right, Bottom Left, Top Right, Top Left).
text_color: Text color for the dashboard.
text_size: Text size (small, normal, large).
How the Script Works
🔹 1. Calculating Buy and Sell Volume
The calculate_buy_sell function separates buy and sell volume based on the candle's open and close price:
If the closing price is higher than the opening price → Buy volume 📈.
If the closing price is lower or equal to the opening price → Sell volume 📉.
🔹 2. Retrieving Volume Data Across Multiple Timeframes
The function get_volumes collects buy and sell volume data for different timeframes using request.security().
The available timeframes are: 1m, 5m, 15m, 1h, 4h, and 1d.
🔹 3. Calculating Volume Moving Averages
The script uses ta.sma() to compute moving averages for volume trends:
ma_vol_short: Short-term moving average (e.g., 5 periods).
ma_vol_long: Long-term moving average (e.g., 14 periods).
🔹 4. Creating and Displaying the Dashboard
A table (table.new()) is generated at the last bar (barstate.islast) to display the volume data:
A title “📊 Volume Dashboard (Buy vs Sell)” in purple.
Column headers:
TIMEFRAME (e.g., 1M, 5M, 15M, 1H, 4H, 1D).
BUY VOLUME (dark blue).
SELL VOLUME (dark red).
Buy and Sell Volume values are displayed in their respective cells for easy reading.
How to Use This Script on TradingView?
Adding the Script
Open TradingView.
Go to Pine Editor and paste the script.
Click "Add to Chart".
Configuring the Settings
Open the indicator settings.
Enable/disable the desired timeframes.
Adjust the moving average lengths if necessary.
Interpreting the Data
Increasing buy volume across timeframes may indicate bullish momentum.
Rising sell volume suggests a bearish reversal.
Crossovers of volume moving averages can help detect market shifts.
Conclusion
This script is a powerful tool for analyzing volume dynamics across multiple timeframes. It provides a quick overview of the balance between buyers and sellers, essential for ICT scalping and liquidity-based trading.
🚀 Pro Tip: Combine this dashboard with other SMC indicators (engulfing candles, pivot points) to refine your trading decisions.
Market Trend Scanner [Afnan]This Market Strength Scanner indicator is designed to provide traders with a clear and concise overview of market trends using a single table. It helps you quickly determine which sectors and indices are strong, weak, or choppy, allowing you to make informed trading decisions with ease.
How This Indicator Helps You:
✅ Identify Strong Sectors & Indices
🔹By analyzing this table, you can instantly see which sectors and indices are performing well.
🔹Focus on stocks within strong sectors to find high-probability buying opportunities.
✅ Avoid Weak or Choppy Markets
🔹The indicator highlights bearish or consolidating sectors, helping you avoid poor trading conditions.
🔹Stay away from sectors that are weak or moving sideways to reduce unnecessary risks.
✅ Understand Market Sentiment in Seconds
🔹If most sectors are bullish, the market is in an uptrend—giving you confidence to take long positions.
🔹If the majority are bearish, the market is weak, signaling caution.
🔹A mix of bullish and bearish sectors indicates a choppy market, warning you to avoid trading or adjust your strategy.
✅ Powered by 4 Customizable EMAs
🔹The indicator uses 4 Exponential Moving Averages (EMAs) to determine trends for each sector and index.
🔹These EMAs are fully modifiable, allowing you to adjust them based on your preferred strategy.
✅ Covers 25 Major Indices (Fully Customizable)
🔹By default, the indicator tracks 25 key indices, giving you a broad market perspective.
🔹You can customize the list to focus on the indices that matter most to you.
Why Use This Indicator?
🔹 Saves Time – No need to analyze multiple charts manually. The table gives you everything at a glance.
🔹 Improves Trade Selection – Focus only on strong sectors for better trade accuracy.
🔹 Works in All Market Conditions – Whether the market is trending or consolidating, this tool keeps you informed.
🔹 Fully Customizable – Adjust the EMAs and indices according to your trading preferences.
With just this one powerful indicator, you get a complete market overview, helping you align your trades with the current trend effortlessly! 🚀
Micha Stocks Custom WatermarkThis Pine Script v5 indicator adds a customizable watermark to TradingView charts, displaying key stock information while allowing for flexible positioning and formatting.
📌 Features & Functionality:
✅ Custom Positioning:
• Fixed to the top-left corner.
• Adjustable spacing ensures the text is properly aligned.
✅ Displayed Information (Configurable):
• Company Name & Market Cap (Optional: Shows dynamically calculated market cap)
• Stock Ticker & Timeframe
• Industry & Sector
✅ Customization Options:
• Font Size: Huge, Large, Normal, Small
• Text Color & Transparency: Adjustable
• Proper Left Alignment for a clean, structured display
• Vertical Offset Tweaks to move text down for better visibility
✅ Optimized Table Layout:
• Uses table.new() for persistent placement.
• Added an empty row to fine-tune positioning, ensuring the watermark doesn’t overlap key chart areas.
🔧 Use Case:
Designed for traders who want a clear, customizable stock watermark to enhance their charting experience without obstructing price action.
STRX - Correlation DominationThis indicator displays the correlation among three selected assets (for example, Gold, Dollar Index, and Nasdaq) on a custom timeframe. A table positioned at the top-right corner of the chart lets you quickly see the correlation between:
Asset 1 vs Asset 2
Asset 1 vs Asset 3
Asset 2 vs Asset 3
Correlations are calculated using the Pearson correlation function (ta.correlation). If the correlation is greater than or equal to 0.4, the value appears in green (strong positive correlation). If it is less than or equal to -0.4, it appears in red (strong negative correlation). Otherwise, it is displayed in yellow (weak correlation).
Multi-asset and multi-timeframe: Compare up to three instruments at once on your chosen timeframe.
Customizable period: Use the “Correlation Period” setting to adjust the correlation calculation window.
Clear table format: The results are immediately visible in an easy-to-read table.
Disclaimer: This script is provided solely for educational and informational purposes. It does not constitute a recommendation or an invitation to invest. Use it as an additional resource and always conduct thorough market analysis before opening any trading positions. Past performance does not guarantee future results.
Visual Range Position Size CalculatorVisual Range Position Size Calculator
The "VR Position Size Calculator" helps traders determine the appropriate position size based on their risk tolerance and the current market conditions. Below is a detailed description of the script, its functionality, and how to use it effectively.
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Key Features
1. Risk Calculation: The script allows users to input their desired risk in monetary terms (in the currency of the ticker). It then calculates the position sizes for both long and short trades based on this risk.
2. Dynamic High and Low Tracking: The script dynamically tracks the highest and lowest prices within the visible range of the chart, allowing for more accurate position sizing.
3. Formatted Output: The calculated values are displayed in a user-friendly table format with thousands separators for better readability.
4. Visual Indicators: Dashed lines are drawn on the chart at the high and low points of the visible range, providing a clear visual reference for traders.
5. If the risk in security price is 1% or less, the background of the cells displaying position sizes will be green for long positions and red for short positions. If the risk is between 1% and 5%, the background changes to gray, indicating that the risk may be too high for an effective trade. If the risk exceeds 5% of the price, the text also turns gray, rendering it invisible, which signifies that there is no justification for such a trade.
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Code Explanation
The script identifies the start and end times of the visible range on the chart, ensuring calculations are based only on the data currently in view. It updates and stores the highest (hh) and lowest (ll) prices within this visible range. At the end of the range, dashed lines are drawn at the high and low prices, providing a visual cue for traders.
Users can input their risk amount, which is then used to calculate potential position sizes for both long and short trades based on the current price relative to the tracked high and low. The calculated risk values and position sizes are displayed in a table on the right side of the chart, with color coding to indicate whether the calculated position size meets specific criteria.
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Usage Instructions
1. Add the Indicator: To use this script, copy and paste it into Pine Script editor, then add it to your chart.
2. Input Your Risk: Adjust the 'Risk in money' input to reflect your desired risk amount for trading.
3. Analyze Position Sizes: Observe the calculated position sizes for both long and short trades displayed in the table. Use this information to guide your trading decisions.
4. Visual Cues: Utilize the dashed lines on the chart to understand recent price extremes within your visible range.
12 Month Difference - YoY ComparisonEste script foi desenvolvido para calcular e exibir a variação percentual do preço de um ativo nos últimos 12 meses, de forma simples e visual. Ele utiliza dados históricos de preços e apresenta o resultado diretamente no gráfico, permitindo ao usuário acompanhar a relação entre o valor atual e o valor de 12 meses atrás.
O cálculo é baseado em um período de 12 meses, que equivale a 252 dias úteis no mercado financeiro. O script primeiro identifica o preço atual do ativo e o compara com o preço registrado há exatamente 252 dias úteis. A diferença entre esses dois valores é transformada em uma variação percentual, o que facilita a análise de desempenho do ativo ao longo do período.
Além disso, o script define uma cor para destacar o resultado:
Verde, se a variação percentual for positiva (indicando crescimento).
Vermelho, se a variação for negativa (indicando queda).
O valor calculado é exibido de forma prática no canto inferior direito do gráfico, como uma tabela flutuante. Essa tabela contém o texto "Relação 12M" e o valor percentual correspondente, permitindo uma leitura rápida.
Embora o resultado seja calculado para todos os momentos no gráfico, ele é mostrado apenas como uma tabela no último ponto confirmado da série histórica, ou seja, no momento mais recente com dados disponíveis. Além disso, o script inclui o valor da relação na legenda do gráfico, mas ele está oculto visualmente para evitar sobrecarregar o layout.
Esse indicador é útil para analisar rapidamente o desempenho de um ativo ao longo de um ano, ajudando investidores e analistas a entenderem tendências e mudanças no mercado.
This script was developed to calculate and display the percentage change in the price of an asset over the last 12 months, in a simple and visual way. It uses historical price data and displays the result directly on the chart, allowing the user to monitor the relationship between the current value and the value from 12 months ago.
The calculation is based on a 12-month period, which is equivalent to 252 business days in the financial market. The script first identifies the current price of the asset and compares it with the price recorded exactly 252 business days ago. The difference between these two values is transformed into a percentage change, which makes it easier to analyze the asset's performance over the period.
In addition, the script defines a color to highlight the result:
Green, if the percentage change is positive (indicating growth).
Red, if the change is negative (indicating a decline).
The calculated value is displayed conveniently in the bottom right corner of the chart, as a floating table. This table contains the text "12M Ratio" and the corresponding percentage value, allowing for quick reading.
Although the result is calculated for all points in time on the chart, it is only displayed as a table at the last confirmed point in the historical series, i.e. the most recent point in time with available data. In addition, the script includes the ratio value in the chart legend, but it is visually hidden to avoid cluttering the layout.
This indicator is useful for quickly analyzing the performance of an asset over a year, helping investors and analysts understand trends and changes in the market.
Screener MA CrossThe Screener MA Cross is an efficient tool designed to help traders quickly identify potential buy and sell signals across multiple currency pairs and timeframes. This script monitors the crossover behavior of two moving averages (MA8 and MA50) to determine possible entry points for trades.
Key Features:
Multi-Pair Monitoring: The indicator allows users to screen popular assets, including XAUUSD, US30, GBPUSD, EURUSD, USDJPY, USDCAD, and GBPJPY. You can add or remove symbols based on your preference.
Dual Timeframe Analysis: It tracks moving average crossovers on both 15-minute and 1-hour charts, giving users insights into short-term and medium-term trends without switching between timeframes.
Color-Coded Signals:
Green: Indicates a bullish "Buy" signal when the MA8 crosses above the MA50, suggesting upward momentum.
Red: Indicates a bearish "Sell" signal when the MA8 crosses below the MA50, signaling downward momentum.
Gray: Represents a neutral or no-cross state, indicating no clear trend.
Clean Table Format: Displays all relevant signals directly on your chart in a structured, easy-to-read table format, allowing you to quickly scan and assess trading opportunities.
How It Works: The script uses moving averages (MA8 and MA50) to analyze crossover patterns, a common method for identifying trend changes. A crossover occurs when a shorter moving average (MA8) crosses above or below a longer moving average (MA50). By requesting data from the 15-minute and 1-hour timeframes, the Screener MA Cross provides a clear overview of the market situation across various assets, helping you decide on potential trades.
This tool is particularly useful for trend-following strategies and can be used to spot momentum shifts on smaller timeframes, making it ideal for day traders and scalpers.
How to Use:
Add the indicator to your chart and customize the asset symbols to match your trading preferences.
Monitor the signals on the table. Green signals indicate potential buying opportunities, while red signals suggest possible selling points.
Use alongside other analysis: While the Screener MA Cross offers valuable insights, it's best used in combination with other indicators and analysis techniques to confirm trade setups.
Divergence Indicator Multi [TradingFinder] MACD AO RSI DIV Chart🔵 Introduction
🟣 What is Divergence in Financial Markets?
Divergence in technical analysis happens when the price of a stock moves in a direction opposite to certain indicators. This is a crucial concept in financial markets as it can signal either a trend reversal or a continuation of the current correction in the trend. Understanding divergence helps traders and analysts make more informed decisions.
🟣 Positive Regular Divergence (RD+)
A positive regular divergence occurs at the end of a downtrend, where two price lows form. This divergence appears when the price chart shows a new low, but the indicator does not follow, signaling potential buying opportunities.
Positive divergence indicates increased buying pressure and reduced selling pressure, making it a useful signal for forecasting price increases.
🟣 Negative Regular Divergence (RD-)
A negative regular divergence is seen during an uptrend when two price highs form. The price chart records a new high, but the indicator does not reflect this change, suggesting that a market downturn is likely.
This type of divergence shows strong selling pressure and weaker buying activity, which can help identify selling opportunities.
Both positive and negative divergences are powerful tools for identifying potential trend reversals and key support and resistance levels. For example, when an indicator trends upward while the price moves downward, this creates divergence, warning traders to reconsider their investment strategy.
🟣 Different Types of Divergence in Trading
1. Regular Divergence :
o Positive Regular Divergence (RD+)
o Negative Regular Divergence (RD-)
2. Hidden Divergence :
o Positive Hidden Divergence (HD+)
o Negative Hidden Divergence (HD-)
3.Time Divergence.
Note : This guide focuses specifically on Regular Divergence.
🟣 What is Regular Divergence?
Regular Divergence, often referred to as convergence, occurs when price action and indicators show conflicting patterns, usually signaling the end of a trend. Detecting regular divergence helps traders anticipate potential trend reversals or the formation of reversal patterns.
🔵 How to Use
To optimize the detection of divergence, you can adjust the Fractal Period to specify the length of time for identifying divergence patterns.
Additionally, with the Divergence Detection Method, you can select oscillators like the MACD, RSI, or AO to base divergence detection on.
Divergence in MACD :
MACD divergence occurs when the price chart forms an opposite pattern compared to the MACD line, indicating a potential price reversal.
Divergence in RSI :
In a downtrend, if the price chart forms two consecutive lows with the second lower than the first, but the RSI shows two lows with the second higher, this indicates positive regular divergence, which is a buy signal.
On the other hand, during an uptrend, if the price forms two highs with the second higher than the first, but the RSI shows the second high lower, this points to negative regular divergence, indicating a sell signal.
Divergence in AO (Awesome Oscillator) :
The AO indicator calculates histograms using the difference between 5-period and 34-period simple moving averages. It compares peaks and troughs of these histograms with price movements, detecting divergence and plotting lines and arrows to signal divergence.
🔵 Table
The following table breaks down the main features of the oscillator. It covers four critical categories: Exist, Consecutive, Divergence Quality, and Change Phase Indicator.
Exist : If divergence is detected, a "+" will appear in this row.
Consecutive: Shows the number of consecutive divergences that have formed in a short period.
Divergence Quality : Evaluates the quality of the divergence based on the number of occurrences. One is labeled "Normal," two are "Good," and three or more are considered "Strong."
Change Phase Indicator : If a phase change is detected between two oscillation peaks, this is marked in the table.
