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Hour/Day/Month Optimizer [CHE] Hour/Day/Month Optimizer — Bucketed seasonality ranking for hours, weekdays, and months with additive or compounded returns, win rate, simple Sharpe proxy, and trade counts Summary This indicator profiles time-of-day, day-of-week, and month-of-year behavior by assigning every bar to a bucket and accumulating its return into that bucket. It reports per-bucket score (additive or compounded), win rate, a dispersion-aware return proxy, and trade counts, then ranks buckets and highlights the current one if it is best or worst. A compact on-chart table shows the top buckets or the full ranking; a last-bar label summarizes best and worst. Optional hour filtering and UTC shifting let you align buckets with your trading session rather than exchange time. Motivation: Why this design? Traders often see repetitive timing effects but struggle to separate genuine seasonality from noise. Static averages are easily distorted by sample size, compounding, or volatility spikes. The core idea here is simple, explicit bucket aggregation with user-controlled accumulation (sum or compound) and transparent quality metrics (win rate, a dispersion-aware proxy, and counts). The result is a practical, legible seasonality surface that can be used for scheduling and filtering rather than prediction. What’s different vs. standard approaches? Reference baseline: Simple heatmaps or average-return tables that ignore compounding, dispersion, or sample size. Architecture differences: Dual aggregation modes: additive sum of bar returns or compounded factor. Per-bucket win rate and trade count to expose sample support. A simple dispersion-aware return proxy to penalize unstable averages. UTC offset and optional custom hour window. Deterministic, closed-bar rendering via a lightweight on-chart table. Practical effect: You see not only which buckets look strong but also whether the observation is supported by enough bars and whether stability is acceptable. The background tint and last-bar label give immediate context for the current bucket. How it works (technical) Each bar is assigned to a bucket based on the selected dimension (hour one to twenty-four, weekday one to seven, or month one to twelve) after applying the UTC shift. An optional hour filter can exclude bars outside a chosen window. For each bucket the script accumulates either the sum of simple returns or the compounded product of bar factors. It also counts bars and wins, where a win is any bar with a non-negative return. From these, it derives: Score: additive total or compounded total minus the neutral baseline. Win rate: wins as a percentage of bars in the bucket. Dispersion-aware proxy (“Sharpe” column): a crude ratio that rises when average return improves and falls when variability increases. Buckets are sorted by a user-selected key (score, win rate, dispersion proxy, or trade count). The current bar’s bucket is tinted if it matches the global best or worst. At the last bar, a table is drawn with headers, an optional info row, and either the top three or all rows, using zebra backgrounds and color-coding (lime for best, red for worst). Rendering is last-bar only; no higher-timeframe data is requested, and no future data is referenced. Parameter Guide UTC Offset (hours) — Shifts bucket assignment relative to exchange time. Default: zero. Tip: Align to your local or desk session. Use Custom Hours — Enables a local session window. Default: off. Trade-off: Reduces noise outside your active hours but lowers sample size. Start / End — Inclusive hour window one to twenty-four. Defaults: eight to seventeen. Tip: Widen if rankings look unstable. Aggregation — “Additive” sums bar returns; “Multiplicative” compounds them. Default: Additive. Tip: Use compounded for long-horizon bias checks. Dimension — Bucket by Hour, Day, or Month. Default: Hour. Tip: Start Hour for intraday planning; switch to Day or Month for scheduling. Show — “Top Three” or “All”. Default: Top Three. Trade-off: Clarity vs. completeness. Sort By — Score, Win Rate, Sharpe, or Trades. Default: Score. Tip: Use Trades to surface stable buckets; use Win Rate for skew awareness. X / Y — Table anchor. Defaults: right / top. Tip: Move away from price clusters. Text — Table text size. Default: normal. Light Mode — Light palette for bright charts. Default: off. Show Parameters Row — Info header with dimension and span. Default: on. Highlight Current Bucket if Best/Worst — Background tint when current bucket matches extremes. Default: on. Best/Worst Barcolor — Tint colors. Defaults: lime / red. Mark Best/Worst on Last Bar — Summary label on the last bar. Default: on. Reading & Interpretation Score column: Higher suggests stronger cumulative behavior for the chosen aggregation. Compounded mode emphasizes persistence; additive mode treats all bars equally. Win Rate: Stability signal; very high with very low trades is unreliable. “Sharpe” column: A quick stability proxy; use it to down-rank buckets that look good on score but fluctuate heavily. Trades: Sample size. Prefer buckets with adequate counts for your timeframe and asset. Tinting: If the current bucket is globally best, expect a lime background; if worst, red. This is context, not a trade signal. Practical Workflows & Combinations Trend following: Use Hour or Day to avoid initiating trades during historically weak buckets; require structure confirmation such as higher highs and higher lows, plus a momentum or volatility filter. Mean reversion: Prefer buckets with moderate scores but acceptable win rate and dispersion proxy; combine with deviation bands or volume normalization. Exits/Stops: Tighten exits during historically weak buckets; relax slightly during strong ones, but keep absolute risk controls independent of the table. Multi-asset/Multi-TF: Start with Hour on liquid intraday assets; for swing, use Day. On monthly seasonality, require larger lookbacks to avoid overfitting. Behavior, Constraints & Performance Repaint/confirmation: Calculations use completed bars only; table and label are drawn on the last bar and can update intrabar until close. security()/HTF: None used; repaint risk limited to normal live-bar updates. Resources: Arrays per dimension, light loops for metric building and sorting, `max_bars_back` two thousand, and capped label/table counts. Known limits: Sensitive to sample size and regime shifts; ignores costs and slippage; bar-based wins can mislead on assets with frequent gaps; compounded mode can over-weight streaks. Sensible Defaults & Quick Tuning Start: Hour dimension, Additive, Top Three, Sort by Score, default session window off. Too many flips: Switch to Sort by Trades or raise sample by widening hours or timeframe. Too sluggish/over-smoothed: Switch to Additive (if on compounded) or shorten your chart timeframe while keeping the same dimension. Overfit risk: Prefer “All” view to verify that top buckets are not isolated with tiny counts; use Day or Month only with long histories. What this indicator is—and isn’t This is a seasonality and scheduling layer that ranks time buckets using transparent arithmetic and simple stability checks. It is not a predictive model, not a complete trading system, and it does not manage risk. Use it to plan when to engage, then rely on structure, confirmation, and independent risk management for entries and exits. Disclaimer The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved. By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk. Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts. Best regards and happy trading Chervolino
Pine Script® indicator
by chervolino
AI Trading Alerts v6 — SL/TP + Confidence + Panel (Fixed)Overview This Pine Script is designed to identify high-probability trading opportunities in Forex, commodities, and crypto markets. It combines EMA trend filters, RSI, and Stochastic RSI, with automatic stop-loss (SL) & take-profit (TP) suggestions, and provides a confidence panel to quickly assess the trade setup strength. It also includes TradingView alert conditions so you can set up notifications for Long/Short setups and EMA crosses. ⚙️ Features EMA Trend Filter Uses EMA 50, 100, 200 for trend confirmation. Bull trend = EMA50 > EMA100 > EMA200 Bear trend = EMA50 < EMA100 < EMA200 RSI Filter Bullish trades require RSI > 50 Bearish trades require RSI < 50 Stochastic RSI Filter Prevents entries during overbought/oversold extremes. Bullish entry only if %K and %D < 80 Bearish entry only if %K and %D > 20 EMA Proximity Check Price must be near EMA50 (within ATR × adjustable multiplier). Signals Continuation Signals: Long if all bullish conditions align. Short if all bearish conditions align. Cross Events: Long Cross when price crosses above EMA50 in bull trend. Short Cross when price crosses below EMA50 in bear trend. Automatic SL/TP Suggestions SL size adjusts depending on asset: Gold/Silver (XAU/XAG): 5 pts Bitcoin/Ethereum: 100 pts FX pairs (default): 20 pts TP = SL × Risk:Reward ratio (default 1:2). Confidence Score (0–4) Based on conditions met (trend, RSI, Stoch, EMA proximity). Labels: Strongest (4/4) Strong (3/4) Medium (2/4) Low (1/4) Visual Panel on Chart Shows ✅/❌ for each condition (trend, RSI, Stoch, EMA proximity, signal now). Confidence row with color-coded strength. Alerts Long Setup Short Setup Long Cross Short Cross 🖥️ How to Use 1. Add the Script Open TradingView → Pine Editor. Paste the full script. Click Add to chart. Save as "AI Trading Alerts v6 — SL/TP + Confidence + Panel". 2. Configure Inputs EMA Lengths: Default 50/100/200 (works well for swing trading). RSI Length: 14 (standard). Stochastic Length/K/D: Default 14/3/3. Risk:Reward Ratio: Default 2.0 (can change to 1.5, 3.0, etc.). EMA Proximity Threshold: Default 0.20 × ATR (adjust to be stricter/looser). 3. Read the Panel Top-right of chart, you’ll see ✅ or ❌ for: Trend → Are EMAs aligned? RSI → Above 50 (bull) or below 50 (bear)? Stoch OK → Not extreme? Near EMA50 → Close enough to EMA50? Above/Below OK → Price position vs. EMA50 matches trend? Signal Now → Entry triggered? Confidence row: 🟢 Green = Strongest 🟩 Light green = Strong 🟧 Orange = Medium 🟨 Yellow = Low ⬜ Gray = None 4. Alerts Setup Go to TradingView Alerts (⏰ icon). Choose the script under “Condition”. Select alert type: Long Setup Short Setup Long Cross Short Cross Set notification method (popup, sound, email, mobile). Click Create. Now TradingView will notify you automatically when signals appear. 5. Example Workflow Wait for Confidence = Strong/Strongest. Check if market session supports volatility (e.g., XAU in London/NY). Review SL/TP suggestions: Long → Entry: current price, SL: close - risk_pts, TP: close + risk_pts × RR. Short → Entry: current price, SL: close + risk_pts, TP: close - risk_pts × RR. Adjust based on your own price action analysis. 📊 Best Practices Use on H1 + D1 combo → align higher timeframe bias with intraday entries. Risk only 1–2% of account per trade (position sizing required). Filter with market sessions (Asia, Europe, US). Strongest signals work best with trending pairs (e.g., XAUUSD, USDJPY, BTCUSD).
Pine Script® indicator
by geraldfernandez2017
1
Percent Change of Day [ilovealgotrading] OVERVIEW: This indicator aims to effectively show us the percentage change of the price within the time frame we have chosen. What is the purpose of this indicator? This indicator shows how the price changes for each bar at different time frames we have chosen. By examining the percentage change in different time periods, we can easily look at the change in the face of the market during the time interval. Also if the price is above or below the value of 0 during the specified time, the color of our percentage line changes. IMPLEMENTATION DETAILS: First of all, let's understand How to Calculate Percent Change? The difference between the old and new value of a quantity given in percentages is known as a percent change. It's rather simple to calculate the % difference between two given quantities. The formula is given by; Example The price of a kilo of rice went from 10$ to12.5$, what is the percentage change? Explanation • The old value of sugar = $ 10 • New value = $12.5 • Now apply the percent change formula; • Percentage change = ×100% = x 100% = (2.5/10) x 100% = 25% In this case, the percent change is positive and therefore, it is an increase. How Is Percentage Change Used in Finance? In the world of finance, percentage change is frequently used to analyze changes in the value of stocks or major market indexes over time. Percentage change is used for many purposes in finance, most notably to track the price change of stocks market and crypto market. What can we change from the settings panel ? We can set time frame setting of the percentage change from place number 1 We are able to adjust the changing color if the percentage change is above or below zero from place 2 and 3 ALSO: Please do not open trades without properly managing your risk and psychology!!! If you have any ideas what to add to my work to add more sources or make calculations cooler, suggest in DM .
Pine Script® indicator
by projeadam
3
Volume + VolatilityBefore I begin I want to mention: 1. This is a variation of the 'CCI & BB' made by matsu_bitmex (Link: ) and SigmaDraconis's 'On Balance Volume Oscillator + Bollinger Bands' (Link: ) 2. While using this sometimes you may not notice the crossover so I've added the Line 'x' outside 'x' BB to only see if Line 3 and 4 crossed over The indicator: 1. When the background is green and the 2 lines are going up it means uptrend 2. When the background is red and the 2 lines are going down it means downtrend 3. When there is a crossover and the background outside BB turns yellow, it means there is a lot of volatility or volume How to use (Or how I use this): 1. All trades based on the yellow color MUST be during a trend 2. When the color changes to yellow for the 1st time in the direction of a trend it is advisable to enter
Pine Script® indicator
by ihelpmeplz
3
WMA Combo Crossover V2Before I begin I want to mention: 1. This is an upgrade of my indicator WMA Combo Crossover. (Link: www.tradingview.com) 2. The upgrade was inspired from the CCI and Bollinger Bands indicator by matsu_bitmex. (Link: www.tradingview.com) 3. I have combined the indictor with Bollinger Bands , coloring those sections as yellow, to increase winning trades as well as avoid losing trades by spotting potential reversals with the aid of news avoidance 4. This indicator is designed primarily for NNFX (No Nonsense Forex) though it can be used for any type of trading style 5. Also, I want to thank kurtisbu for helping me out. Thank you! The indicator: 1. When WMA 25 is blue and is going upwards, it means there is an uptrend 2. When WMA 25 is red and is going down, it means there is a downtrend 3. During a trend, the color may switch to red and blue occasionally. When the color switches back to the direction of the trend, it can be used for re-entries 4. All trades based on the yellow color MUST be during a trend 5. When the color changes to yellow that means price is very volatile and only on the 1st candle is it advisable to enter a trade. (I have not backtested entering on the 2nd candle of a yellow color change) 6. During a trend, when the color changes to yellow and there is an incoming news event, then the chances of a reversal increase and I recommended avoid entering
Pine Script® indicator
by ihelpmeplz
1
LTB Zigzag CirclesHello All, Today I am here with a new idea and script, " LTB Zigzag Circles ". The idea is to create Circles using last 2 zigzag waves and to catch the breakouts earlier than horizontal lines. if a circle is broken then the script shows entry for Long/Short positions. and if broken circle reappears again then the position is closed. You can change Zigzag period as you wish and see the different results. Here you can see how the script calculates and draws the Circles: Below you can see how the script draws part of the circle on each bar: Optionally the script can show levels: P.S. I haven't tested it as a strategy, Result and Performance may change by Zigzag period, you need to find best Zigzag period according to your strategy. By the way, my Zigzag Circles idea can be improved, if you have any recommendation let me know please ;) Enjoy!
Pine Script® indicator
by LonesomeTheBlue
80
Simple and efficient PSAR swing strategyThis is a strategy build inside tradingview, which I found it works great with swing/position trading. It works based on parabolic sar indicator, when indicator is below the candle, is an uptrend and when its its above is a downtrend. At the same time it's very nice, because it has a sort of stop loss which is dynamic, because it triggers when candle crosses with indicator, so you dont have to worry about stop loss or take profit . The key here of course, is going to be the risk management, if you want to success with it, never trade more than 2% of you capital, and if you want you can always apply a rule inside the code to close all position if x % amount of equity was going down, although I recommend have patience and let the system do its job. I recommend this strategy to be used with charts like 1 day or 1 week. If you need and want I can convert it to an indicator that uses alerts (although with strategy as well can be made to send alerts). PS. When you add this strategy on chart, inside is has different versions, if you use first version(1), it uses the system I explain above. If you use the last one, its based on risk management when the stop loss is the difference between psar and the candle, but it still needs some adjustments to make. Overall first one is atm much more profitable, but I believe that the version with risk management can be much better, but it need much more adjustments to make which I dont have the time at the moment for it. Enjoy it .
Pine Script® strategy
by SoftKill21
5
2% candlePart of my strategy involves entering a trade based on a candle on a 5-min chart being < 2% (ignoring major volatility). I got tired of calculating the range of a single candle either in my head or on a calculator, so I wrote this up. Feel free to share it. Shows the %move of any single candle, default horizontal lines are 1% & 2%, can be changed by clicking the gear icon next to the indicator after you have added the indicator to your chart. Works on any timeframe, 5m, 1h, 1d, etc , obviously the higher the timeframe, the larger the move.
Pine Script® indicator
by MattDeLong
4
Movement Efficiency - [Rider Algo]Movement Efficiency v2 — Rider Algo Developed by Rider Algo 🔬 WHAT IS THIS INDICATOR? Movement Efficiency measures how much of the market’s total movement actually translates into net directional progress . In simple terms: Is price advancing cleanly toward a destination, or thrashing around going nowhere? Most oscillators tell you how far or how fast price moved. This one asks a different question: how efficiently did it move? A market that travels 1,000 points to advance 800 points net = clean trend . A market that travels 1,000 points but only advances 100 points net = chop (even if candles look “exciting”). This distinction is critical for choosing the right strategy at the right time. --- 📐 HOW IT WORKS The indicator combines two layers of analysis: Layer 1 — Efficiency Ratio (Kaufman’s ER) The foundation is a well-known formula from quantitative finance: ER = |Close − Close | / Σ|Close − Close | over n bars This produces a value between 0 and 1 : ≈ 1.0 → price moved in a straight line (maximum efficiency). ≈ 0.0 → price moved a lot but ended near where it started (pure noise). Layer 2 — Wick Absorption Penalty (Microstructure Enhancement) Classic ER has a blind spot: it only uses closing prices . Two candles can have identical closes but tell totally different stories: Strong body + tiny wicks = clean push Tiny body + massive wicks = absorption / rejection This indicator: Computes a wick-to-body ratio per bar Averages it over the lookback Applies a soft penalty (square root to avoid over-punishment) Outputs an adjusted efficiency score that detects “dirty” advances classic ER misses --- 🎯 THREE MARKET REGIMES The indicator classifies the market into three zones : 🟢 TREND ZONE (green background) Efficiency is above the trend threshold → price is advancing cleanly with minimal noise. Best environment for trend-following (breakouts, MA crosses, momentum). Directional triangle signals: ▲ Green triangle = Bullish trend detected (upward efficient advance) ▼ Red triangle = Bearish trend detected (downward efficient decline) 🔴 CHOP ZONE (red background) Efficiency is below the chop threshold → lots of movement, no progress. Danger zone for trend-followers (whipsaws, failed breakouts, stop hunts). ▼ Orange triangle = Market entering chop regime 🟡 TRANSITION ZONE (no background) Efficiency is between thresholds → market is shifting. Watch for the next triangle to confirm direction. --- ⚙️ ASSET PROFILES (Pre-Tuned Thresholds) Different assets have different “normal” efficiency. The indicator includes four profiles: Crypto / High Volatility — relaxed thresholds Trend: 0.40 | Chop: 0.18 Designed for assets where large wicks and volatility are normal. Stocks / Medium Volatility — balanced thresholds Trend: 0.48 | Chop: 0.22 Forex / Low Volatility — stricter thresholds Trend: 0.55 | Chop: 0.28 Forex tends to print cleaner candles → higher bar for “trend”. Custom — set your own thresholds for any instrument/timeframe. --- 📊 INFORMATION PANEL The top-right dashboard shows: Efficiency — current adjusted efficiency score (0 to 1) Regime — TREND ▲ (bull), TREND ▼ (bear), CHOP ✗ , or TRANSITION ~ Percentile — where current reading sits vs last 200 bars Example: 85% = higher efficiency than 85% of recent history Wick Noise — average wick-to-body ratio (higher = more absorption/rejection) Profile — active asset profile --- 🔧 KEY SETTINGS Efficiency Period (default: 10 ) — lookback window Lower = more reactive | Higher = smoother 10 works well for weekly charts, 14 for daily. Smoothing Length (default: 3 ) — EMA applied to final output Reduces noise without significant lag. Wick Penalty Weight (default: 0.25 ) — how aggressively wicks reduce efficiency 0 = classic ER only | toward 1.0 = stricter microstructure filtering Color Mode — Gradient (continuous red→green) or Zones (discrete + directional bias) Show Raw ER — overlay classic ER (no wick penalty) for comparison --- 💡 PRACTICAL APPLICATIONS 1) Strategy Selection Filter Use as a meta-filter above your main strategy: Only take trend-following setups in TREND (green) Only take mean-reversion setups in CHOP (red) This can dramatically reduce false signals. 2) Regime Change Early Warning Watch for transitions: CHOP entry (orange triangle) Then a trend triangle (green/red) These often precede strong moves (consolidation → expansion). 3) Trend Quality Assessment Not all trends are equal: 0.65 + low wick noise = higher reliability 0.42 + high wick noise = “dirty” trend / less trustworthy Use Percentile to contextualize. 4) Risk Management If efficiency drops from TREND into TRANSITION , consider: Reducing position size Tightening stops Avoiding aggressive breakout chasing --- ⚠️ IMPORTANT NOTES This indicator does NOT repaint. Uses confirmed bar data + current bar → safe for backtesting and live trading. Not a buy/sell signal generator. It identifies the market regime so you can choose the right approach. Defaults are calibrated for crypto on weekly timeframes. For other assets/timeframes, start with the correct Asset Profile . No single indicator is a complete trading system. Always use risk management + confirmation.
Pine Script® indicator
by RiderAlgo
TSM RSI + Supertrend (Fixed SL + 1:2 RR) 302026RSI + Supertrend Combo Strategy (Fixed SL & 1:2 Risk–Reward) To trade only in the direction of the trend using Supertrend and enter with momentum confirmation from RSI, while strictly controlling risk with a fixed stop loss and a 1:2 target. Supertrend – identifies market trend RSI (14) – confirms strength of the trend BUY CONDITIONS (Long Trade) Supertrend changes from Red to Green → Market trend turns bullish Price trades above Supertrend line RSI is above 50 → Buying momentum is strong ✅ Enter BUY at the next candle open. 🔴 SELL CONDITIONS (Short Trade) Supertrend changes from Green to Red → Market trend turns bearish Price trades below Supertrend line RSI is below 50 → Selling momentum is strong ✅ Enter SELL at the next candle open. 🛑 Risk Management (Most Important) Stop Loss (SL): Fixed percentage from entry price Target (TP): 2 × Stop Loss → Risk : Reward = 1 : 2 Example (BUY Trade) Entry: ₹100 Stop Loss (0.5%): ₹99.50 Target (1:2): ₹101.00 ⏱️ Best Timeframes Intraday: 5 min / 15 min Swing Trading: 1 Hour / Daily. Why This Strategy Works ✔ Trades with the trend, not against it ✔ RSI filters false Supertrend signals ✔ Fixed SL protects capital ✔ 1:2 RR ensures profitability even with ~40% win rate ✔ Simple rules – beginner friendly ⚠️ Important Notes Avoid sideways markets Best results in trending stocks / indices Always backtest before live trading.
Pine Script® strategy
by SARAVANANTamilShareMarket
MTF Equals v1.0MTF Equals is a professional-grade tool designed to identify significant price levels across multiple timeframes. It scans the current chart and higher timeframes (HTF) for identical highs and lows ("Equals"), which often act as price magnets or liquidity pools. Key Features: Multi-Timeframe Analysis: Automatically detects identical highs and lows on the current chart, as well as M5, M15, M30, H1, H4, and Daily. NQ Auto-Detection: Specialized logic for Nasdaq (NQ) that automatically determines the ideal starting point for analysis based on volume, efficiency, and price density. Live Statistics: Displays the number of touches and the bar distance from the first touchpoint directly on the price level. Smart Cleaning: Levels are automatically removed once they are significantly breached by price, keeping your chart clutter-free. Advanced Visuals: Fully customizable colors, line styles, and label positioning (e.g., Align to Margin). How to use: Perfect for spotting "Equal Highs/Lows" (Liquidity) or confirming institutional support and resistance zones.
Pine Script® indicator
by kp_eu_de
Arbitrage Matrix [LuxAlgo]The Arbitrage Matrix is a follow-up to our Arbitrage Detector that compares the spreads in price and volume between all the major crypto exchanges and forex brokers for any given asset. It provides traders with a comprehensive view of the entire marketplace, revealing hidden relationships among different exchanges for the same asset and offering easy, visual comparisons. 🔶 USAGE Arbitrage is the practice of taking advantage of price differences for the same asset across different markets. Arbitrage traders look for these discrepancies to profit from buying where it’s cheaper and selling where it’s more expensive to capture the spread. For begginers this tool is a clear snapshot of how different markets value the same asset, making global price dynamics easy to grasp. For advanced traders it is a powerful scanner for arbitrage setups, helping you identify where the biggest opportunities lie in real time. Arbitrage opportunities are often short‑lived, but they can be highly profitable. By showing you where spreads exist, this tool helps traders: Understand market inefficiencies Avoid trading at unfavorable prices Identify potential profit opportunities across exchanges By default, the tool searches all the enabled sources for the asset in the chart. It uses crypto exchanges as sources for crypto assets and forex brokers for all other assets. The data is displayed on a dashboard, which is the tool's only visual element. Traders can enable or disable any exchange or broker from the settings panel. All are enabled by default. 🔹 Displayable Data Traders can choose from four types of data to display: last price, last volume, average price, and average volume. Note that price and volume data may not be available for all assets at all sources, and sources without data will not be displayed. As the image shows, each chart displays a different type of data for the same asset. In this case, the asset is ETHUSDT. 🔹 Reading the Matrix Traders must read the data in a row-by-column format, as shown in the following example. Assume that we are charting BTCUSDT Daily. In the row, we have Exchange A; in the column, we have Exchange B. The data is the average price, and the value is 100. The default length for the average is 20. It reads like this: The average BTCUSDT price over the last 20 days is $100 higher on Exchange A than on Exchange B. If the value were -100, it would mean that the average price is $100 lower in Exchange A than in Exchange B. 🔹 Matrix Style Traders can change the colors and disable the background gradient, which is enabled by default. They can also fine-tune the location and dashboard size from the settings panel. 🔶 SETTINGS Sources: Choose between crypto exchanges, forex brokers, or automatic selection based on the asset in the chart. Average Length: Select the length for the price and volume averages. Crypto Exchanges: Enable or disable any available exchange. Forex Brokers: Enable or disable any available broker. 🔹 Dashboard Data: Select the data to display. Position: Select the dashboard location. Size: Select the dashboard size. 🔹 Style Bullish: Select bullish color. Bearish: Select bearish color. Background Gradient: Enable background gradient color.
Pine Script® indicator
by LuxAlgo
4
Strength Relative to XXX [Hysteresis Smoothed]Strength Relative to XXX █ OVERVIEW This versatile indicator measures the relative strength of the current charted asset against any user-selected benchmark symbol (e.g., BTC, ETH, SP:SPX, TVC:GOLD, or any other asset). Green fill = Current asset outperforming the benchmark (bullish relative strength). Red fill = Current asset underperforming the benchmark (bearish relative weakness). Perfect for rotation strategies across crypto, stocks, forex, and commodities — quickly identify assets gaining momentum edge over a chosen benchmark. █ HOW IT WORKS • Relative Ratio : Calculates current close / benchmark close for normalized comparison. • Smoothing : Applies a Simple Moving Average (SMA) to the ratio (adjustable length). • Oscillator : Plots deviation from the SMA, centered around zero. • Hysteresis Enhancement : Adds a small relative threshold (~0.03% default) to prevent rapid color flips from minor noise. Color persists until a convincing cross — stable blocks without lag. █ FEATURES & INPUTS • Compare to : Symbol input for any benchmark (match exchange for accuracy). • MA Length : Smoothing period (default 10). • Relative Hysteresis Threshold : Noise filter strength (default 0.0003; tweak for responsiveness vs. stability). █ USAGE TIPS • Apply to ALT/BTC pairs for crypto rotations, stocks vs. SP:SPX for sector strength, or any custom comparison. • Works on all timeframes — ideal for short-term scans on 4H/daily. • Green zones = potential outperformance; red = caution. • Combine with volume or momentum for confluence. This refined relative strength oscillator delivers clean, reliable visuals in volatile markets.
Pine Script® indicator
by ThroatClogger