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Trend detection zero lag Trend Detection Zero-Lag (v6) Trend Detection Zero-Lag is a high-performance trend identification indicator designed for intraday traders, scalpers, and swing traders who require fast trend recognition with minimal lag. It combines a zero-lag Hull Moving Average, slope analysis, swing structure logic, and adaptive volatility sensitivity to deliver early yet stable trend signals. This indicator is optimized for real-time decision-making, particularly in fast markets where traditional moving averages react too slowly. Core Features 🔹 Zero-Lag Trend Engine Uses a Zero-Lag Hull Moving Average (HMA) to reduce lag by approximately 40–60% versus standard moving averages. Provides earlier trend shifts while maintaining smoothness. 🔹 Multi-Factor Trend Detection Trend direction is determined using a hybrid engine: HMA slope (momentum direction) Rising / falling confirmation Swing structure detection (HH/HL vs LH/LL) ATR-adjusted dynamic sensitivity This approach allows fast flips when conditions change, without excessive noise. Adaptive Volatility Sensitivity Sensitivity dynamically adjusts based on ATR relative to price In high volatility: faster reaction In low volatility: smoother, more stable trend state This ensures the indicator adapts across: Trend days Range days Volatility expansion or contraction Trend Duration Intelligence The indicator tracks historical trend durations and maintains a rolling memory of recent bullish and bearish phases. From this, it calculates: Current trend duration Average historical duration for the active trend direction This helps traders gauge: Whether a trend is early, mature, or extended Probability of continuation vs exhaustion Strength Scoring A normalized Trend Strength Score (0–100) is calculated using: Zero-lag slope magnitude ATR normalization This provides a quick read on: Weak / choppy trends Healthy trend continuation Overextended momentum Visual Design Color-coded Zero-Lag HMA Bullish trend → user-defined bullish color Bearish trend → user-defined bearish color Designed for dark mode / neon-style charts Clean overlay with no clutter Trend Detection Zero-Lag is built for traders who need: Faster trend recognition Adaptive behavior across market regimes Structural confirmation beyond simple moving averages Clear, actionable visual signals
Pine Script® indicator
by MomentumCraft_
MAM-MOM -v1EN : welcome everyone to MAM-MOM -v1. MAM-MOM is a momentum indicator with input values shorter than traditional values for momentum. MAM-MOM can only be used with MAMMON v1. It makes it possible to give strong indications according to the structures that it forms. W & M. if you wish to access these indicators, please contact me by private message on my trading view profile, or find in signature or in "about me" my website (currently under construction while this publication is being written). FR : bienvenue a tous sur MAM-MOM -v1. MAM-MOM est un indicateur de momentum avec des valeurs d'entrée plus courte que les valeurs traditionnelles pour un momentum. MAM-MOM s'utilise uniquement avec MAMMON v1. Il permet de donner des indications fortes suivant les structures que celui-ci forme. W & M. si vous souhaitez accéder a ces indicateurs, veuillez me contacter par message privé sur mon profil trading view, ou retrouver en signature ou dans "à propos de moi" mon site web ( actuellement en construction pendant la rédaction de cette publication).
Pine Script® indicator
by tonal21
2
Persistence# Persistence ## What it does Measures **price change persistence**, defined as the percentage of bars within a lookback window that closed higher than the prior close. A high value means the instrument has been closing up frequently, which can indicate durable momentum. This mirrors Stockbee’s idea: *select stocks with high price change persistence*, and then combine **momentum plus persistence**. ## Can be used for scanning in PineScreener ## Calculation * `isUp` is true when `close > close `. * `countUp` counts true instances over the last `len` bars. * `pctUp = 100 * countUp / len`, bounded between 0 and 100. * A 50% level is a natural baseline. Above 50% suggests more up closes than down closes in the window. ## Inputs * **Lookback bars (`len`)**: default 252 for roughly one trading year on a daily chart. On weekly charts use something like 52, on monthly charts use 12. ## How to use 1. **Screen for persistence** Sort a watchlist by the plotted value, higher is better. Many momentum traders start looking above 58 to 65 percent, then layer a trend filter. 2. **Combine with momentum** Examples, pick tickers with: * `pctUp > 60`, and price above a rising EMA50 or EMA100. * `pctUp rising` and weekly ROC positive. 3. **Switch timeframe to change the horizon** * Daily chart with `len = 252` approximates one year. * Weekly chart with `len = 52` approximates one year. * Monthly chart with `len = 12` approximates one year. ## TC2000 equivalence Stockbee’s TC2000 expression: ``` CountTrue(c > c1, 252) ``` ## Interpretation guide * **70 to 90**: very strong persistence; often trend leaders, check for extensions and risk controls. * **60 to 70**: constructive persistence; good hunting ground for swing setups that also pass momentum filters. * **50**: neutral baseline; around random up vs down frequency. * **Below 50**: persistent weakness; consider only for mean reversion or short strategies. ## Practical tips * **Event effects**: ex-dividend gaps can reduce persistence on high yield names. Earnings gaps can swing the value sharply. * **Survivorship bias**: when backtesting on curated lists, persistence can look cleaner than in live scans. * **Liquidity**: thin names may show noisy persistence due to erratic prints. ## Reference to Stockbee * “One way to select stocks for swing trading is to find those with high price change persistence.” * “Persistence can be calculated on a daily, monthly, or weekly timeframe.” * TC2000 function: `CountTrue(c > c1, 252)` * Example noted in the tweet: CVNA had very high one-year price persistence at the time of that post. * Takeaway: **look for momentum plus persistence**, not persistence alone.
Pine Script® indicator
by BB_9791
Unbounded RSIIntroducing the concept of "Unbounded RSI". Instead of indexing the average gain and average loss, over the time period of interest, we leave the average gain and loss unbounded. Instead we "bound" them by difference of each and smoothen out this difference in an envelope using exponential average. See code. What this does to traditional RSI concept? No concept of "overbought", "oversold" No concept of "60-40", "70-30" bands and arguments over it No concept of "Range Shifts" ... How to use it? I am generally a positional long trader. So I present my version. Of course, I expect each individual who decide to use this concept, to come up with their ideas, based on their style and temperament. The points below, I apply on a Weekly Timeframe Chart. Once, we see a long consolidation and price breakout, we should be able to see "Green" histogram bars. These appear, once we have the stock at least 20% up from the 52WL and the "Unbounded RSI" has turned positive. This can be a good time to "enter" into the scrip. The height of the bars are significant, since they essentially show, that the "gap" between the avg. gain and avg. loss is widening, indicating momentum. Swing trading can thrive in these environments I guess. Falling heights indicate that gaps to close, though, the "gap can still be green". This means, momentum is now falling. Swing traders and "quick buck makers", would ideally book profits here. If the color of the bars still remain "Green" it indicates that momentum has reduced but still the gains are "more" than loss on the timeperiod selected. Once the histogram turns red, it means that the gain is now lower than loss. An increasing height underground, means this loss is widening. Generally, this will corelate with price action (not necessarily volume). At this time, exits should be looked for, may be also check other factors/indicators to decide, but surely the momentum and the gain% over the timeperiod selected has now gone. Note for Pine Coders: The source code can easily be modified to develop this concept further. For example: Use different smoothing algorithms Remove 52WL condition and introduce new additional conditions Instead of price change of the stock for gain/loss calculations, we use the concept of Relative Strength (RS, not RSI) and measuere the gain/loss based on a benchmark index . I intend to work on this concept, soon. You shall see a variable "unboundedRSI" which is actually a ratio of the Avg. Gain / Avg. Loss. This ratio is not plotted. It is kept there, for future use. Many more
Pine Script® indicator
by bharatTrader
3
ForecastForecast (FC), indicator documentation Type: Study, not a strategy Primary timeframe: 1D chart, most plots and the on-chart table only render on daily bars Inspiration: Robert Carver’s “forecast” concept from Advanced Futures Trading Strategies, using normalized, capped signals for comparability across markets ⸻ What the indicator does FC builds a volatility-normalized momentum forecast for a chosen symbol, optionally versus a benchmark. It combines an EWMAC composite with a channel breakout composite, then caps the result to a common scale. You can run it in three data modes: • Absolute: Forecast of the selected symbol • Relative: Forecast of the ratio symbol / benchmark • Combined: Average of Absolute and Relative A compact table can summarize the current forecast, short-term direction on the forecast EMAs, correlation versus the benchmark, and ATR-scaled distances to common price EMAs. ⸻ PineScreener, relative-strength screening This indicator is excellent for screening on relative strength in PineScreener, since the forecast is volatility-normalized and capped on a common scale. Available PineScreener columns PineScreener reads the plotted series. You will see at least these columns: • FC, the capped forecast • from EMA20, (price − EMA20) / ATR in ATR multiples • from EMA50, (price − EMA50) / ATR in ATR multiples • ATR, ATR as a percent of price • Corr, weekly correlation with the chosen benchmark Relative mode and Combined mode are recommended for cross-sectional screens. In Relative mode the calculation uses symbol / benchmark, so ensure the ratio ticker exists for your data source. ⸻ How it works, step by step 1. Volatility model Compute exponentially weighted mean and variance of daily percent returns on D, annualize, optionally blend with a long lookback using 10y %, then convert to a price-scaled sigma. 2. EWMAC momentum, three legs Daily legs: EMA(8) − EMA(32), EMA(16) − EMA(64), EMA(32) − EMA(128). Divide by price-scaled sigma, multiply by leg scalars, cap to Cap = 20, average, then apply a small FDM factor. 3. Breakout momentum, three channels Smoothed position inside 40, 80, and 160 day channels, each scaled, then averaged. 4. Composite forecast Average the EWMAC composite and the breakout composite, then cap to ±20. Relative mode runs the same logic on symbol / benchmark. Combined mode averages Absolute and Relative composites. 5. Weekly correlation Pearson correlation between weekly closes of the asset and the benchmark over a user-set length. 6. Direction overlay Two EMAs on the forecast series plus optional green or red background by sign, and optional horizontal level shading around 0, ±5, ±10, ±15, ±20. ⸻ Plots • FC, capped forecast on the daily chart • 8-32 Abs, 8-32 Rel, single-leg EWMAC plus breakout view • 8-32-128 Abs, 8-32-128 Rel, three-leg composite views • from EMA20, from EMA50, (price − EMA) / ATR • ATR, ATR as a percent of price • Corr, weekly correlation with the benchmark • Forecast EMA1 and EMA2, EMAs of the forecast with an optional fill • Backgrounds and guide lines, optional sign-based background, optional 0, ±5, ±10, ±15, ±20 guides Most plots and the table are gated by timeframe.isdaily. Set the chart to 1D to see them. ⸻ Inputs Symbol selection • Absolute, Relative, Combined • Vs. benchmark for Relative mode and correlation, choices: SPY, QQQ, XLE, GLD • Ticker or Freeform, for Freeform use full TradingView notation, for example NASDAQ:AAPL Engine selection • Include: • 8-32-128, three EWMAC legs plus three breakouts • 8-32, simplified view based on the 8-32 leg plus a 40-day breakout EMA, applied to the forecast • EMA1, EMA2, with line-width controls, plus color and opacity Volatility • Span, EW volatility span for daily returns • 10y %, blend of long-run volatility • Thresh, Too volatile, placeholders in this version Background • Horizontal bg, level shading, enabled by default • Long BG, Hedge BG, colors and opacities Show • Table, Header, Direction, Gain, Extension • Corr, Length for correlation row Table settings • Position, background, opacity, text size, text color Lines • 0-lines, 10-lines, 5-lines, level guides ⸻ Reading the outputs • Forecast > 0, bullish tilt; Forecast < 0, bearish or hedge tilt • ±10 and ±20 indicate strength on a uniform scale • EMA1 vs EMA2 on the forecast, EMA1 above EMA2 suggests improving momentum • Table rows, label colored by sign, current forecast value plus a green or red dot for the forecast EMA cross, optional daily return percent, weekly correlation, and ATR-scaled EMA9, EMA20, EMA50 distances ⸻ Data handling, repainting, and performance • Daily and weekly series are fetched with request.security(). • Calculations use closed bars, values can update until the bar closes. • No lookahead, historical values do not repaint. • Weekly correlation updates during the week, it finalizes on weekly close. • On intraday charts most visuals are hidden by design. ⸻ Good practice and limitations • This is a research indicator, not a trading system. • The fixed Cap = 20 keeps a common scale, extreme moves will be clipped. • Relative mode depends on the ratio symbol / benchmark, ensure both legs have data for your feed. ⸻ Credits Concept inspired by Robert Carver’s forecast methodology in Advanced Futures Trading Strategies. Implementation details, parameters, and visuals are specific to this script. ⸻ Changelog • First version ⸻ Disclaimer For education and research only, not financial advice. Always test on your market and data feed, consider costs and slippage before using any indicator in live decisions.
Pine Script® indicator
by BB_9791
PRICE STREAK [DIGGERDOG]PRICE STREAK This Pine Script, titled **"PRICE STREAK "**, tracks the number of consecutive up or down price closes and visualizes the result in a histogram-style plot. It provides a visual representation of price momentum by counting the number of consecutive days where the closing price is either higher or lower than the previous day. The histogram changes color depending on whether the streak is upward (green) or downward (red). Key Features: 1. **Upcount and Dncount Calculation:** - **Upcount** is incremented each time the current close is higher than the previous close. It resets when the close price decreases. - **Dncount** is incremented each time the current close is lower than the previous close. It resets when the close price increases. - The script does not differentiate between upward and downward streak lengths in terms of plotting; it combines them in one cumulative count. 2. **Plot with Color-Coded Streaks:** - The script plots the sum of **Upcount** and **Dncount** as a histogram, where: - **Green bars** represent upward price streaks (the price is closing higher). - **Red bars** represent downward price streaks (the price is closing lower). 3. **Threshold Line:** - A horizontal line is plotted at a value of **2** as a visual threshold to help identify periods where streaks exceed this value. This can be adjusted as needed to indicate different threshold levels for streak significance. How It Works: 1. **Price Streak Logic:** - For each bar, the script compares the closing price to the previous bar's closing price: - If the current close is greater than the previous close, the **Upcount** is incremented, and **Dncount** is reset. - If the current close is less than the previous close, the **Dncount** is incremented, and **Upcount** is reset. - The cumulative count of these streaks is plotted. 2. **Color-Coded Histogram:** - The histogram uses a dynamic color based on whether the streak is upward or downward: - **Green** for upward streaks. - **Red** for downward streaks. Visualization: - The histogram will help you easily spot whether there has been a significant price streak, whether upward or downward, and how long the streaks last. - The threshold line helps in identifying when the streaks are significant by providing a reference point (e.g., streaks greater than 2). Customizations: - **Threshold**: You can adjust the value of the horizontal line (`hline(2)`) to any number that suits your strategy. - **Colors**: The green and red colors can be changed to your preference for visual clarity. Use Case: This script is ideal for traders who want to track the **momentum** in price movements. If a stock has several consecutive up days or down days, it may indicate **strong momentum** or **trend exhaustion**, depending on the length of the streak. This indicator can help identify potential trend continuation or reversal points. If you need additional customizations or have any questions, feel free to ask!
Pine Script® indicator
by DiggerDog
BBboss Stoch Trading SuiteIntroducing the BBboss Stoch Trading Suite ***Note*** This indicator's parameters and settings are specifically used for bitcoin technical analysis. Best used on the lowest time frame chart. (15m - 1h) Definitions: Volatility is a statistical measure of the dispersion of returns for a given security or market index, measured by the standard deviation of logarithmic returns. Stochastic Oscillator is a momentum indicator comparing a particular closing price of a security to a range of its prices over a certain period of time. The sensitivity of the oscillator to market movements is reducible by adjusting that time period or by taking a moving average of the result. It is used to generate overbought and oversold trading signals, utilizing a 0–100 bounded range of values. Plotted Components of the Trading Suite: A) A Table with input selected time frames that show the stochastic and volatility value for each asset. The first column shows the price needed for the stochastic momentum indicator to reverse or change slope. The second column plots the stochastic value of the input selected timeframes. The third column plots the direction of the stochastic oscillator The fourth column plots the volatility of the selected time frames. 0 being low volatility and 100 being highest volatility with a default lookback period of 255. B) Ray Lines on price chart to reflecting the price needed for the stochastic momentum indicator to reverse or change slope. C) Historical Lines on the price chart to see more lines on historical bars Deeper Concepts : In finance, “mean reversion” is the assumption that a financial instrument's price will tend to move towards the average price over time. If we apply that same logic to volatility as represented here by the Bollinger band width percentile, the assumption is that the Bollinger band width percentile will tend to contract from extreme highs, and expand from extreme lows over time corresponding to repeated phases of contraction and expansion of volatility . It is clear that for most assets there are periods of directional trending behavior followed by periods of “consolidation” ( trading sideways in a range ). This often ends with a tightening range under reducing volume and volatility ( popularly known as “the squeeze” ). The squeeze typically ends with a “breakout” from the range characterized by a rapid increase in volume , and volatility when price action again trends directionally, and the cycle repeats. Note: I have turned off Historical Lines by default because I made this indicator specifically for scalping lower timeframes. With this indicator, you can visualize the momentum on every timeframe on the table and chart to get a real time view on where to manage your positions.
Pine Script® indicator
by BBBoss23
Ryan Bot Signals ProRyan EMA Trend Screener Pro — Smart Auto Signals + TP/SL Engine + MTF Dashboard Ryan EMA Trend Screener Pro is an advanced trading system that combines ✔ EMA Ribbon Trend Confirmation ✔ Auto BUY/SELL Signals ✔ ATR-based TP & SL engine ✔ Multi-Timeframe Trend Dashboard ✔ Real-Time Screener into one clean, powerful tool. Key Features 🔹 Smart EMA Crossover Signals Automatically detects momentum shifts using fast vs slow EMA cloud. 🔹 Auto TP/SL System – Up to 4 Take-Profit levels – ATR-based dynamic Stop Loss – Entry, SL & TP lines with labels – Trade zones highlighted using boxes 🔹 MTF Trend Dashboard Trend status from 5m, 15m, 30m, 1h, Daily Shows combined trend strength (Bullish / Bearish). 🔹 Built-in Screener Scan multiple symbols directly on your chart. Displays trend direction & recent signals. 🔹 Fully Customizable Modify EMA lengths, ATR settings, TP count, dashboard position & screener layout. How to Use Follow BUY/SELL labels created by EMA2/EMA8 crossover. Use TP/SL lines to plan exits. Check dashboard to confirm higher-timeframe trend. Optional: add your favourite chart structure (S/R, Fibs, Liquidity). Disclaimer This tool does not guarantee profits. Use proper risk management.
Pine Script® indicator
by Ryannmitchel
TrendShift [MOT]📈 TrendShift – Multi-Factor Momentum & Trend Signal Suite TrendShift is a precision-built momentum and confluence tool designed to highlight directional shifts in price action. It combines EMA slope structure, oscillator confirmation, volume behavior, and dynamic SL/TP logic into one cohesive system. Whether you're trading with the trend or catching reversals, TrendShift provides data-backed clarity and visual confidence — and it’s available free to the public. 🔍 Core Signal Logic Buy (🟢 Long) and Sell (🔴 Short) signals are triggered when multiple conditions align within a set bar window (default: 5 bars): Stochastic RSI K/D cross RSI crosses above 20 (long) or below 80 (short) Stochastic RSI breaks 20 (long) or 80 (short) Volume exceeds 20-bar average 🧭 Visual Trend Dashboard – Signal Table A real-time on-chart dashboard displays: EMA Trend: Bullish / Bearish / Mixed (based on 4 EMA slopes) Stoch RSI: Oversold / Overbought / Neutral RSI: Exact value with zone label Volume: Above or Below average Dashboard theme and position are fully customizable. 📐 Trend Structure with EMA Slope Logic Plots four EMAs (21, 50, 100, 200) color-coded by slope: Green = Rising Red = Falling These feed into the dashboard's EMA Trend display. 🎯 Optional Take Profit / Stop Loss Zones When enabled, SL/TP lines plot automatically on valid signals: Fixed-distance targets (e.g., 10pt TP, 5pt SL) Auto-remove on TP or SL hit Separate lines for long vs. short trades Fully customizable styling 🔁 Trailing Stop Filter (Internal Logic) A custom ATR-based trailing stop helps validate directional strength: ATR period HHV window ATR multiplier Used internally — not plotted — to confirm trend progression before entry. ⚙️ Customizable Parameters Every core component is user-configurable: EMA periods: 21 / 50 / 100 / 200 ATR trailing logic: period, HHV, multiplier Oscillator settings: Stoch RSI & RSI Volume length SL/TP toggles and point values Bar clustering window Dashboard theme and location 🔔 Alerts Included BUY Signal Triggered SELL Signal Triggered Compatible with webhook automation or mobile push notifications. ⚠️ Disclaimer This tool is for educational purposes only and is not financial advice. Trading involves risk — always do your own research and consult a licensed professional before making trading decisions.
Pine Script® indicator
by TheBigDaddyMax
3
TR Buy/Sell Signal PanelI scripted this with chatgpt have fun guys 📊 TR Buy/Sell Signal Panel – Smart Trade Signals with Visual Clarity The TR Buy/Sell Signal Panel is a standalone indicator inspired by the powerful Traders Reality (TR) methodology. It detects potential long and short trade setups using classic market behavior patterns such as volume spikes, EMA crossovers, and session-based timing – all visualized cleanly and statically on your chart. ✅ Key Features Buy Signals (LONG): Green PVSRA candle (strong bullish candle with momentum) EMA13 crossing above EMA50 Volume spike (current volume exceeds 20-period average × multiplier) Triggered only during London or New York trading sessions (UTC) Sell Signals (SHORT): Red PVSRA candle (strong bearish move) EMA13 crossing below EMA50 Volume spike Also restricted to active session times 📌 Visual Components Green/Red arrows on the chart indicate Buy/Sell entries A static info panel in the bottom-right corner displays all signal conditions: PVSRA active ✅ Volume Spike ✅ EMA Crossover ✅ Session Time ✅ Last Signal: 🟢 BUY / 🔴 SELL Current Direction: 🟢 LONG / 🔴 SHORT / ❌ NONE ⚙️ Fully Customizable Adjustable volume spike multiplier Optional toggle for showing/hiding short signals Extremely user-friendly layout – ideal for both beginners & experienced traders 📦 Best For: Scalpers & Intraday Traders Traders who follow the Traders Reality / Market Maker Method Anyone who values clean, rule-based trade entries Note: Works across all timeframes with sufficient volume (e.g., 5min – 4hr). Sessions are based on UTC time – adjust if needed based on your timezone or trading hours.
Pine Script® indicator
by Maiko_wilharm
1
NLS - 52W High Screener (3, 5, 7 Days)This indicator automatically detects stocks that have reached a new 52-week high within the last 3, 5, or 7 days. Perfect for traders looking for breakouts and strong momentum stocks! 📊 Features: ✅ Identifies new 52-week highs within the last 3, 5, or 7 days ✅ Fully Screener-compatible – Easily filter stocks in the TradingView Screener ✅ Plots the 52-week high as a blue line in the chart for better visualization ✅ Built-in alerts to notify you when a new 52W high is reached ✅ Optimized for the 1D (daily) timeframe 🛠️ How to Use in the Screener: 1️⃣ Add & activate the indicator 2️⃣ Open the TradingView Screener 3️⃣ Filter using one of these columns: Screener 52W High Last 3 Days Screener 52W High Last 5 Days Screener 52W High Last 7 Days 4️⃣ Set the filter to "is true" to see relevant stocks 📢 Alerts: Get notified when a stock reaches a new 52-week high in the last 3, 5, or 7 days! 🔍 Ideal for: ✔ Trend-following & breakout traders 🚀 ✔ Swing traders looking for strong stocks 📈 ✔ Screener users searching for momentum setups
Pine Script® indicator
by nlindloff
MomentumThis indicator will give you the momentum readings (rate of change) for five lookback periods (15m, 60m, 4hr, 24hr, 48hr). This is useful when backtesting or retroactively logging the readings into your trade journal (there is no way to roll back the Forex Factory momentum screener that I know of). There are lines drawing in the background which are set to 100% transparency by default, so don't be puzzled when you occasionally see the bubbles for the line plots being highlighted on your chart. Message me with any questions or suggestions.
Pine Script® indicator
by The_Arena_Trader
SpartanThe Spartan Strategy. This is a momentum strategy which attempts to identify when buying pressure or selling pressure is present in the markets. How to trade the long side: Once a blue candle appears, enter Long on pullbacks into a blue candle for longs Place your stop loss on the opposite side of the blue candle. Target a previous high for longs How to trade the short side: Once a red candle appears, enter Short on pullbacks into a red candle for shorts Place your stop on the opposite side of the red candle. Target a previous low for shorts
Pine Script® indicator
by LiquidityTracker
14
TriTrend Nexus[BullByte]TriTrend Nexus is a comprehensive market analysis tool that consolidates three well-established signals into a single, easy-to-read interface. It is designed to help traders quickly assess the market’s current condition and make more informed decisions about potential trend shifts. Key Features and Functionality Composite Signal System Multi-Faceted Approach : The indicator combines insights from three distinct market signals into one composite score. This approach provides a more holistic view of market conditions compared to relying on a single indicator. Clear Classification : Based on the composite score, TriTrend Nexus categorizes the market into: Strong Signals : When all three underlying conditions are met, indicating a robust and established trend. Early Signals : When two out of the three conditions are met, offering an early hint of a potential trend. Neutral/Choppy : When conditions are ambiguous or conflicting, suggesting a lack of clear market direction. Trend Qualifiers : In addition to the composite score, the indicator subtly refines its signal by noting whether a trend is “Rising” or “Fading.” This further aids traders in understanding the momentum behind the signal. Dynamic Signal Identification Timely Alerts : By analyzing the composite data in real time, the indicator quickly identifies when market conditions shift, offering early warning signals that help traders stay ahead of the market. Adaptive Analysis : The built-in signal assessment continuously monitors market changes. Whether the market is in the early stages of a move or firmly committed to a trend, TriTrend Nexus adapts its messaging to reflect the evolving conditions. User-Friendly Dashboard Integrated Display : A customizable dashboard provides an at-a-glance summary of key metrics. Users can choose between a detailed view for comprehensive insights or a compact version for a streamlined experience. Key Metrics Displayed : Primary Signal : The overall market status, such as “Bullish Strong” or “Bearish Early.” Composite Nexus Score : A numerical value representing the strength of the current market conditions. Supporting Data : Essential values that help explain the current signal without overwhelming the trader. Easy Interpretation : The dashboard is designed with clarity in mind. Clear labeling and a consistent layout ensure that even traders new to composite indicators can quickly interpret the displayed information. Visual Clarity and Aesthetic Color-Coded Signals : The indicator uses a vibrant color scheme to highlight market conditions: Bright Green : Signifies a strong bullish trend. Light Green : Indicates an emerging bullish trend. Red : Represents a strong bearish trend. Light Red/Pink : Denotes an early bearish signal. Gray : Used when market conditions are neutral or choppy. Graphical Enhancements : The plotted oscillator visually reinforces the signal classifications with dynamic color transitions. Horizontal markers provide reference points to help traders easily compare the current readings against standard levels. Customization Options Adjustable Settings : Traders can personalize the indicator by modifying input settings such as sensitivity thresholds and period lengths. This flexibility allows the tool to adapt to different market environments and trading styles. Dashboard Flexibility : The option to toggle between a full dashboard and a shorter version means that both novice and experienced traders can configure the display to best suit their needs. A more detailed dashboard offers extensive insights, while the compact mode provides a minimalist view for those who prefer simplicity. Tailored User Experience : With multiple adjustable parameters, users can fine-tune the indicator to respond precisely to their preferred timeframes and market conditions. This adaptability makes TriTrend Nexus a versatile tool for various trading strategies. Benefits for Traders Quick and Informed Decision-Making : With a single glance at the dashboard and visual cues from the oscillator, traders can quickly gauge whether the market is poised for a strong move, is in the early stages of a trend, or is too volatile for clear signals. This helps in planning timely entries and exits. Enhanced Market Insight : By integrating multiple perspectives into one coherent score, the indicator filters out market noise and highlights the prevailing trend more reliably. This can be particularly useful during periods of market uncertainty. Reduced Analysis Time: The combination of clear, color-coded signals and an intuitive dashboard reduces the time spent analyzing various individual indicators, allowing traders to focus more on strategy execution. Customization for Diverse Strategies : The ability to adjust various input parameters and the dashboard layout ensures that traders can tailor the tool to fit their unique analysis style and market conditions, making it a versatile addition to any trading toolkit. User-Friendly Interface : Even for those who are not technically inclined, the clear visual design and straightforward signal descriptions make it easy to understand the current market situation without needing to interpret complex data.
Pine Script® indicator
by BullByte
2