12 Band Volume matched Candles📌 12 Band Volume matched Candles (Official Description)
12 Band Volume matched Candles is a next-generation volume-strength visualisation tool designed for traders who rely on precision, speed, and clarity.
Instead of colouring candles by price action or relative indicators, this script maps every candle to one of 12 absolute-volume strength bands, using real contract/share volume thresholds that you define.
No guessing.
No subjective smoothing.
No repainting.
Just pure, clean, calibrated volume pressure — visualised instantly.
🔥 Why This Indicator Exists
Traditional volume colouring is vague, delayed, or tied to assumptions (like moving averages).
Scalpers, orderflow watchers, and tape-readers all know the truth:
👉 The raw size of volume matters more than relative volume.
This tool removes all ambiguity and lets you define exact thresholds that match the behaviour of your market:
5k volume
10k volume
20k
35k
50k
70k
… all the way to
200k+ (or whatever instrument volume you want)
Those thresholds map to a 12-band spectrum, ranging from the coldest low-volume purples to the hottest high-volume reds.
The result?
A visual system that lets you read volume pressure instantly, the same way our RSI 12-band spectrum lets you read momentum immediately.
🎨 Premium 12-Band Colour Spectrum
This indicator uses the same refined colour spectrum as the In The Zone RSI – 12 Band script:
Weak Volume (Bands 1–6) – Cold Side
Ultra-dark violet
Deep purples
Cool blues
Light icy blue
Strong Volume (Bands 7–12) – Hot Side
Warm yellows
Oranges
Orange-reds
Deep maroons
Ultra-dark red for max volume
You instantly know:
When volume is dying
When volume is building
When a trend is being pushed
When a breakout has REAL participation
When a reversal is weak or strong
Your brain doesn’t need to “interpret” numbers — just read the colours.
⚙️ Key Features
✔ 12 Custom Volume Thresholds
Set exact volume values that match your instrument.
A perfect companion for multi-indicator visual alignment.
✔ Borders-Only Mode
Keep your chart clean and still read volume strength.
✔ Adjustable Brightness & Opacity
Fine-tune the aesthetic for dark or light chart themes.
✔ Legend Placement Options
Display the volume band legend in any corner of the chart.
✔ Zero Lag – Zero Repaint
Everything is based on historical volume — no tricks.
🚀 Who It’s For
This tool is extremely powerful for:
Scalpers
Momentum traders
Orderflow readers
Breakout traders
Reversal hunters
Algo / quant-style chart readers
Anyone who trades with candle-flow awareness
If you rely on the “feel” of a chart, volume rhythm, or momentum pressure — this indicator becomes a cheat-code.
🎯 Practical Uses
Spot when large players enter a move
Filter weak vs strong pullbacks
Confirm breakout candles
See exhaustion before reversals
Separate noise from real interest
Pair with IZ RSI + price structure for elite scalp precision
⭐ Why Traders Love It
Because it's clear.
Instant.
And it treats volume as the truth, not something to smooth or average.
This is how scalpers and tape-readers naturally think — now in a visual form.
🔥 Final Line
12 Band Volume matched Candles turns raw volume into a crystal-clear language.
Once you see volume this way, you will never go back to traditional colouring again.
Search in scripts for "pullback"
Exponential Moving Average + ATR MTF [YSFX]Description:
This indicator is a reupload of a previously published EMA + ATR tool, updated and enhanced after a house rule violation to provide additional features and a cleaner, more versatile experience for traders.
It combines trend analysis and volatility measurement into one intuitive tool, allowing traders to visualize market direction, dynamic support and resistance, and adaptive risk levels—all in a clean, minimal interface.
The indicator calculates a customizable moving average (MA) type—EMA, SMA, WMA, HMA, RMA, DEMA, TEMA, VWMA, LSMA, or KAMA—and surrounds it with ATR-based bands that expand and contract with market volatility. This creates a dynamic envelope around price, helping traders identify potential breakouts, pullbacks, or high-probability entry/exit zones.
Advanced Features:
Multiple MA types: Supports all major moving averages, including advanced options like KAMA, DEMA, and TEMA.
KAMA customization: Adjustable fast and slow lengths for precise tuning.
Dual timeframe support: Optionally use separate timeframes for the MA and ATR, or a global timeframe for both.
Dynamic ATR bands: Automatically adjust to market volatility, useful for setting adaptive stop-loss levels.
Optional fill: Shade the area between upper and lower ATR bands for a clear visual representation of volatility.
Flexible for all markets: Works across any timeframe or asset class.
Who It’s For:
This indicator is ideal for trend-following traders, swing traders, and volatility-focused analysts who want to:
Confirm trend direction while accounting for volatility
Identify high-probability trade entries and exits
Implement dynamic, ATR-based stop-loss strategies
Keep charts clean and uncluttered while still capturing key market information
This reuploaded version ensures compliance with platform rules while offering enhanced flexibility and clarity for modern trading workflows.
RSI Regime: Continuation vs Reversal Indicator Description: RSI Regime (Continuation vs. Reversal)
This indicator uses the standard Relative Strength Index (RSI) to analyze market momentum and categorize it into three "regimes." Its primary goal is to help you determine if an overbought (OB) or oversold (OS) signal is likely to be a continuation of the current trend or a reversal point.
It also identifies "Fast Trend Starts," which are exceptionally fast and powerful moves from one extreme to the other.
Core Features & How to Read It
1. The Three RSI Regimes (Background Color) The script calculates a moving average (SMA) of the RSI to determine the dominant medium-term momentum. This is shown as the background color:
Bull Regime (Green Background): The RSI's average is high (e.g., above 55). The market is in a clear uptrend.
Bear Regime (Red Background): The RSI's average is low (e.g., below 45). The market is in a clear downtrend.
Range Regime (Orange Background): The RSI's average is in the middle. The market is consolidating or undecided.
2. Overbought (OB) & Oversold (OS) Signals
When the RSI line crosses into the overbought (e.g., >70) or oversold (e.g., <30) zones, the indicator generates one of two types of signals:
A) Continuation Signals (Small Triangles: ►)
These signals suggest an OB/OS reading is just a "pause" and the main trend will likely continue.
Orange ► (at the top): Appears when RSI becomes overbought while the market is already in a Bull Regime. This suggests the uptrend is strong, and this OB signal may not lead to a big drop.
Teal ► (at the bottom): Appears when RSI becomes oversold while the market is already in a Bear Regime. This suggests the downtrend is strong, and this OS signal may not lead to a big bounce.
(Note: An optional Price EMA filter can be enabled to make these signals more strict.)
B) Reversal Signals (Small Labels: "OS→>50" / "OB→<50")
These labels appear after an OB/OS signal to confirm that a reversal has actually occurred.
"OS→>50 Reversal" (Aqua Label): Appears if the RSI becomes oversold and then recovers back above the 50 midline within a set number of bars. This confirms the oversold dip was a reversal point.
"OB→<50 Reversal" (Orange Label): Appears if the RSI becomes overbought and then falls back below the 50 midline within a set number of bars. This confirms the overbought peak was a reversal point.
3. "Fast Trend Starts" (Large Labels)
This is a unique feature that identifies the fastest percentile of market moves. It measures how many bars it takes for the RSI to go from one extreme to the other and flags when a move is in the top 5% (default) of all historical moves.
"Long Pullbacks (Fast OS→BullRange)" (Large Green Label): This powerful signal appears when the RSI moves from oversold (<30) all the way up to the bull range (>60) exceptionally fast. It identifies a very strong, fast, and decisive bounce that could signal the start of a new uptrend.
"Short Pumps (Fast OB→BearRange)" (Large Red Label): This appears when the RSI moves from overbought (>70) all the way down to the bear range (<40) exceptionally fast. It identifies a very sharp, fast rejection or "pump-and-dump" that could signal the start of a new downtrend.
Key User Inputs
RSI Length (14): The lookback period for the main RSI calculation.
OB (70) / OS (30): The standard overbought and oversold levels.
Bull/Bear Range Threshold (60/40): These are the levels used to confirm the "Fast Trend Starts." They are separate from the OB/OS levels.
RSI Regime SMA Length (21): The lookback period for the moving average that determines the background regime.
Use Price EMA filter (true): If checked, the small "Continuation" triangles will only appear if the price is also above (for bulls) or below (for bears) its own 50-period EMA.
Fastest X% duration (5.0): This sets the percentile for the "Fast Trend Start" labels. 5.0 means it only flags moves that are in the fastest 5% of all recorded moves.
Auto Fibonacci Retracement (Labeled Swings, Rounded Prices)This tool automatically detects the latest confirmed swing high and swing low on your chart, using a user-settable pivot length. It then plots standard Fibonacci retracement levels between these confirmed pivots, labeling each retracement line with its percentage and rounded price for instant reference. All levels update only on swing confirmation, ensuring strict non-repainting logic and transparency.
How it works
Swing Detection:
Uses Pine Script’s native ta.pivothigh and ta.pivotlow functions to locate swing pivots after full confirmation, reducing noise and false signals.
Fibonacci Calculation:
Once two confirmed swings are found, the script draws standard Fibonacci retracement levels (0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%) between these anchors. The levels adapt to both uptrends and downtrends, based on swing position.
Customization and Clarity:
Users can choose which retracement levels to display and adjust colors, line thickness, styles, and label sizes for chart clarity. All price labels are rounded for improved visibility.
Non-Repainting:
All levels are plotted only after a swing is confirmed by the market; nothing redraws retroactively.
How To Use It
Add the indicator to any chart and timeframe.
Select your preferred pivot length:
Smaller values yield more frequent swings, larger values wait for major structure.
Toggle each Fibonacci level you wish to see in the settings.
Adjust line and label appearance to fit your style.
Interpret retracement levels as potential support/resistance zones, awareness for pullbacks, and context for trend direction.
Combine the indicator with your technical, price action, or volume analysis to plan entries, stops, and targets.
What Traders Should Look For
Visual retracement map between confirmed swings:
Fib lines auto-update as new swings are confirmed, keeping your chart relevant.
Price reaction at Fib levels:
Watch for reversals, consolidations, or continuations near labeled percentages and prices.
Trend assessment:
Quickly spot whether market structure is showing shallow or deep retracements by the distance between levels.
Confluence:
Use retracement levels along with other indicators or market structure for more robust trade setups.
Key Features
Strict non-repainting logic (confirmed swings only)
Configurable retracement levels: Enable/disable each Fib line.
Rounded price & percentage labels
Visual customization: Colors, thickness, line style, label size
Automatic detection of direction (uptrend/downtrend pivots)
Disclaimer
This indicator is a technical analysis and educational tool. It does not provide buy/sell signals, nor guarantee future price movements. Please use in conjunction with your trading plan and risk management.
Trend Strength IndicatorThis is a Trend Strength Indicator that shows you the immediate trend and historical trend of price for up to 7 higher timeframes.
It shows the strength of each timeframe by showing a red or green dot based on where price is at compared to the previous higher timeframe candle. The brighter red or green the dot is, the stronger the trend is compared to that higher timeframe candle.
The colors and timeframes can be customized to suit your preference and you can also turn off as many timeframes as you’d like if you want less time frames to show up on the indicator.
It also includes alerts for when all timeframes are bullish or all timeframes are bearish.
Keep these timeframes set to higher time frames than your chart so you can trade in the direction of the overall higher timeframe trend.
Bullish Scoring & Colors
If the current candle close is above the midline of the higher time frame candle, it is given a score of 1 and a dark green dot. If the current candle close is above the higher timeframe candle body, then it is given a score of 2 and a medium green dot. If the current candle close is above the high of the higher time frame candle, it is given a score of 3 and a bright green dot.
The higher the score the stronger the bullish trend and the brighter green the dot will be.
Bearish Scoring & Colors
If the current candle close is below the midline of the higher timeframe candle, it is given a score of -1 and a dark red dot. If the current candle close is below the higher timeframe candle body, then it is given a score of -2 and a medium red dot. If the current candle close is below the low of the higher timeframe candle, it is given a score of -3 and a bright red dot.
The lower the score, the stronger the bearish trend and the brighter red the dot will be.
Trend Scoring Modes
We gave you the option to set the trend scoring mode to either score based on price above or below the midline for quick and easy trend identification, or using the midline, candle body and highs and lows to give you a more detailed view of the trend strength. You can switch between these modes by selecting your preferred mode in the settings panel. The default is Open, High, Low, Close + Midline.
Sending Trend Direction To External Indicators
We coded in the ability to use the trend strength score as a signal that you can use to filter other indicators. This feature is great for notifying signal generating indicators what direction the market is trending in so that the signal generating indicator only gives signals in the direction of the trend.
This feature works by providing a data output of 1, 0 or -1. 1 means the trend is bullish, 0 means the trend is neutral and -1 means the trend is bearish.
This score is calculated by using the score of each timeframe that is turned on and checking if all timeframes are in the same direction or not. So if 3 timeframes are turned on and they are all bullish, the indicator will provide a data output of 1. This tells your external indicators that the trend is bullish.
This data output can be found in the data window and is labeled Trend Direction To Send To External Indicators.
At the bottom of the settings panel, there is a setting called Trend Score Threshold For External Indicators. This setting is the score threshold that all timeframes will need to meet to allow a trend strength signal to go through. So if set to 1, then all timeframes must be scored 1 or higher for bullish or -1 or lower for bearish. If set to 2, then all timeframes must be 2 or higher for bullish or -2 or lower for bearish. If set to 3, then all timeframes must be 3 for bullish or -3 for bearish. If all timeframes have met this threshold, then a bullish or bearish signal can be sent to your external indicator as a trend filter.
Labels
There are labels to the right of each row of dots, telling you which timeframe is which so you can easily identify what timeframe each row is showing the trend for.
Alerts
You can set alerts for when all timeframes are bullish or when all timeframes are bearish. If you have some time frames turned off at the time of creating your alerts, then it will only require all timeframes that are on to be all bullish or bearish to generate an alert. Make sure to set your alerts to once per bar close to ensure you don’t get premature alerts that aren’t yet valid.
Backtesting
This indicator helps you quickly identify and backtest the trend direction, how strong that trend is on multiple timeframes and helps you spot reversals and trend continuations. Make sure you look back at a lot of historical data to see how price moves when trend changes take place and how well price continues in each direction compared to the overall trend. This will help you gain confidence in reading the indicator and using it to your advantage when trading.
Best Way To Use The Indicator
This indicator is designed to help you quickly identify the trend on various different timeframes. The brighter the green dots are, the stronger the bullish trend is. The brighter the red dots are, the stronger the bearish trend is.
Trade in the direction of the trend. If the colors are mixed green and red, then price is likely to chop back and forth, so only trade the extremes of the ranges when that happens.
When most of the lower timeframe dots are the same color, that means it is a strong trend and you should place trades in the direction of the trend to be safe. The lower timeframes will start trending before the higher timeframes, so take notice of the lower timeframe colors starting to agree with each other and then take advantage of the trend that is forming.
You can also spot reversals with this indicator by watching for the lower timeframes to start changing color after a strong trend in one direction. The lower timeframes will start to change color one by one, indicating that the trend is actually changing direction.
For best results, make sure you wait for the trend to show all bullish or all bearish at the same time before you place any trades. If you can be patient enough to do that, you will increase the probability of winning your trade because you are trading with the direction of the overall higher timeframe trend which is typically an easy way to win more trades. Of course wait for pullbacks during the trend so you can keep a tight stop loss after entering your trade.
If you are scalping, you can turn off the higher timeframes and just use the 1 hour through 1 day. This won’t be as reliable as using all timeframes and waiting for them to align, but it is suitable for scalping quick intraday movements.
Other Indicators To Pair This With
Use this in combination with our Higher Timeframe Candle Levels indicator so you can see all of these levels being used to calculate the trend strength scores and watch how price reacts to those levels. You should also use our Breakout Scanner to find other markets with strong trends so you always know which market is trending the strongest and can trade those. Trend Strength Indicator, Higher Timeframe Candle Levels and the Breakout Scanner all use the same levels and calculate the trend scores the same way so they are designed to work all together to help you quickly be able to read a chart and find what direction to trade in.
ADX FAST and NOICE FREE DIThis tool is designed to identify trend strength and direction earlier than the traditional ADX/DI system.
Instead of relying on the normal Wilder smoothing, this version applies momentum projection to ADX (Fast ADX)
and then filters all directional movement signals through Hull smoothing to minimize market noise.
The result:
• Trends are detected faster
• Pullbacks are filtered more cleanly
• Sideways or weak structures become easy to avoid
Recommended Usage:
• Look for Fast ADX above the threshold to confirm trend environment
• Use Noise-Free +DI and -DI to confirm trend direction (bullish / bearish dominance)
• Background color highlights only when trend + direction are aligned
This is not a buy/sell signal generator by itself; it is best used as a trend and market condition confirmation layer.
Disclaimer:
This script is provided for educational and informational purposes only.
It does not constitute financial advice or a recommendation to buy or sell any security.
Market conditions vary and past performance does not guarantee future results.
Always perform your own analysis and risk management, and trade responsibly.
Daily MA — Higher-Timeframe Daily Moving Average OverlayThis indicator plots a clean, higher-timeframe daily moving average directly on any chart, so you can always see where price sits relative to the daily trend — even while trading on lower timeframes (1m, 5m, etc.).
It’s designed to be:
Simple – a single, configurable daily MA line
Consistent – always anchored to the 1D timeframe
Flexible – choose EMA or SMA and customize line width/color
⸻
What This Indicator Does
Pulls the 1-Day (1D) moving average of the current symbol, regardless of your chart timeframe.
Lets you choose between EMA (Exponential Moving Average) or SMA (Simple Moving Average).
Plots that daily MA as a smooth overlay on your current chart.
Keeps the line visually clean and continuous, making it easy to see daily trend and dynamic support/resistance.
This is not a signals/strategy script. It doesn’t generate buy/sell arrows or backtest logic. It’s a context tool for visualizing the daily trend while you execute your own strategy.
⸻
Why a Daily MA Overlay Is Useful
Traders commonly use a daily moving average to:
Anchor intraday trades to the higher-timeframe trend
Longs when price is holding above the Daily MA
Shorts or caution when price is rejecting from the Daily MA
Identify dynamic support/resistance
Price often reacts around well-watched daily MAs (e.g., 50, 100, 200)
Filter setups
Only take long setups when price is above the daily trend line
Avoid counter-trend trades when price is extended far from the Daily MA
Because this script forces the MA to always be computed on 1D, you don’t have to switch back and forth between intraday and daily charts to keep track of the bigger picture.
⸻
Inputs & Settings
MA Length
Default: 200
Any positive integer (min 1)
Common examples: 50, 100, 200 for trend structure
MA Type
EMA – reacts faster to recent price (default)
SMA – smoother, slower, more “classic” feel
Line Width
Default: 2
Range: 1 to 10
Increase if you want the Daily MA to stand out clearly against other indicators
Color
Default: Purple tone
Fully customizable – pick any color that works with your chart theme
⸻
How to Use It in Your Workflow
Intraday traders (scalpers/day-traders):
Apply the indicator to your 1m/5m/15m charts.
Use the Daily MA as a trend filter :
Only look for long scalps when price is above the Daily MA.
Be more cautious with longs or consider shorts when price is below it.
Swing traders :
Use it on 1H/4H charts to see where price sits relative to a longer-term daily trend.
Watch for:
Pullbacks to the Daily MA in an uptrend as potential demand zones.
Rejections at the Daily MA in a downtrend as potential supply zones.
Risk management & context :
Avoid chasing extended moves far from the Daily MA.
Mark confluence with other tools (support/resistance, volume profile, etc.) around the Daily MA.
⸻
Notes & Limitations
The moving average itself is calculated from daily candles , then displayed on your current timeframe.
This is a visual aid only . It does not guarantee future performance or provide financial advice.
Always combine this indicator with your own analysis, risk management, and trading plan.
⸻
Disclaimer :
This script is provided for educational and informational purposes only. It is not financial advice and does not constitute a recommendation to buy or sell any financial instrument. Always do your own research and trade at your own risk.
RastaRasta — Educational Strategy (Pine v5)
Momentum · Smoothing · Trend Study
Overview
The Rasta Strategy is a visual and educational framework designed to help traders study momentum transitions using the interaction between a fast-reacting EMA line and a slower smoothed reference line.
It is not a signal generator or profit system; it’s a learning tool for understanding how smoothing, crossovers, and filters interact under different market conditions.
The script displays:
A primary EMA line (the fast reactive wave).
A Smoothed line (using your chosen smoothing method).
Optional fog zones between them for quick visual context.
Optional DNA rungs connecting both lines to illustrate volatility compression and expansion.
Optional EMA 8 / EMA 21 trend filter to observe higher-time-frame alignment.
Core Idea
The Rasta model focuses on wave interaction. When the fast EMA crosses above the smoothed line, it reflects a shift in short-term momentum relative to background trend pressure. Cross-unders suggest weakening or reversal.
Rather than treating this as a trading “signal,” use it to observe structure, study trend alignment, and test how smoothing type affects reaction speed.
Smoothing Types Explained
The script lets you experiment with multiple smoothing techniques:
Type Description Use Case
SMA (Simple Moving Average) Arithmetic mean of the last n values. Smooth and steady, but slower. Trend-following studies; filters noise on higher time frames.
EMA (Exponential Moving Average) Weights recent data more. Responds faster to new price action. Momentum or reactive strategies; quick shifts and reversals.
RMA (Relative Moving Average) Used internally by RSI; smooths exponentially but slower than EMA. Momentum confirmation; balanced response.
WMA (Weighted Moving Average) Linear weights emphasizing the most recent data strongly. Intraday scalping; crisp but potentially noisy.
None Disables smoothing; uses the EMA line alone. Raw comparison baseline.
Each smoothing method changes how early or late the strategy reacts:
Faster smoothing (EMA/WMA) = more responsive, good for scalping.
Slower smoothing (SMA/RMA) = more stable, good for trend following.
Modes of Study
🔹 Scalper Mode
Use short EMA lengths (e.g., 3–5) and fast smoothing (EMA or WMA).
Focus on 1 min – 15 min charts.
Watch how quick crossovers appear near local tops/bottoms.
Fog and rung compression reveal volatility contraction before bursts.
Goal: study short-term rhythm and liquidity pulses.
🔹 Momentum Mode
Use moderate EMA (5–9) and RMA smoothing.
Ideal for 1 H–4 H charts.
Observe how the fog color aligns with trend shifts.
EMA 8 / 21 filter can act as macro bias; “Enter” labels will appear only in its direction when enabled.
Goal: study sustained motion between pullbacks and acceleration waves.
🔹 Trend-Follower Mode
Use longer EMA (13–21) with SMA smoothing.
Great for daily/weekly charts.
Focus on periods where fog stays unbroken for long stretches — these illustrate clear trend dominance.
Watch rung spacing: tight clusters often precede consolidations; wide rungs signal expanding volatility.
Goal: visualize slow-motion trend transitions and filter whipsaw conditions.
Components
EMA Line (Red): Fast-reacting short-term direction.
Smoothed Line (Yellow): Reference trend baseline.
Fog Zone: Green when EMA > Smoothed (up-momentum), red when below.
DNA Rungs: Thin connectors showing volatility structure.
EMA 8 / 21 Filter (optional):
When enabled, the strategy will only allow Enter events if EMA 8 > EMA 21.
Use this to study higher-trend gating effects.
Educational Applications
Momentum Visualization: Observe how the fast EMA “breathes” around the smoothed baseline.
Trend Transitions: Compare different smoothing types to see how early or late reversals are detected.
Noise Filtering: Experiment with fog opacity and smoothing lengths to understand trade-off between responsiveness and stability.
Risk Concept Simulation: Includes a simple fixed stop-loss parameter (default 13%) for educational demonstrations of position management in the Strategy Tester.
How to Use
Add to Chart → “Strategy.”
Works on any timeframe and instrument.
Adjust Parameters:
Length: base EMA speed.
Smoothing Type: choose SMA, EMA, RMA, or WMA.
Smoothing Length: controls delay and smoothness.
EMA 8 / 21 Filter: toggles trend gating.
Fog & Rungs: visual study options only.
Study Behavior:
Use Strategy Tester → List of Trades for entry/exit context.
Observe how different smoothing types affect early vs. late “Enter” points.
Compare trend periods vs. ranging periods to evaluate efficiency.
Combine with External Tools:
Overlay RSI, MACD, or Volume for deeper correlation analysis.
Use replay mode to visualize crossovers in live sequence.
Interpreting the Labels
Enter: Marks where fast EMA crosses above the smoothed line (or when filter flips positive).
Exit: Marks where fast EMA crosses back below.
These are purely analytical markers — they do not represent trade advice.
Educational Value
The Rasta framework helps learners explore:
Reaction time differences between moving-average algorithms.
Impact of smoothing on signal clarity.
Interaction of local and global trends.
Visualization of volatility contraction (tight DNA rungs) and expansion (wide fog zones).
It’s a sandbox for studying price structure, not a promise of profit.
Disclaimer
This script is provided for educational and research purposes only.
It does not constitute financial advice, trading signals, or performance guarantees. Past market behavior does not predict future outcomes.
Users are encouraged to experiment responsibly, record observations, and develop their own understanding of price behavior.
Author: Michael Culpepper (mikeyc747)
License: Educational / Open for study and modification with credit.
Philosophy:
“Learning the rhythm of the market is more valuable than chasing its profits.” — Rasta
TMA Dual BandsTMA Dual Bands - Adaptive Channel Indicator with Crossover Signals
TMA Dual Bands represents my interpretation of the classic Triangular Moving Average methodology, specifically designed to identify high-probability trading setups through the interaction of two adaptive channel systems. Unlike traditional channel indicators that rely on static calculations, this tool dynamically adjusts to market volatility while maintaining the smooth, reliable characteristics that make TMA-based systems so effective.
The indicator combines a MAIN channel (slow-moving, representing the broader trend) with a FAST channel (responsive, capturing momentum shifts). When these two systems interact in specific ways, they generate clear trading signals that can be used across multiple timeframes and market conditions.
The Mathematics Behind the Indicator
At its core, this indicator uses a sophisticated approach to calculating Triangular Moving Averages. Rather than using the traditional double Simple Moving Average method, I've implemented a double Weighted Moving Average calculation. This means the TMA is computed by taking a WMA of another WMA, which provides better responsiveness to recent price action while maintaining the smooth, triangular weighting distribution that gives this indicator its name.
The weighted approach significantly reduces lag compared to double-smoothed simple moving averages, allowing the indicator to catch trend changes earlier without sacrificing reliability. This is particularly important for the FAST channel, where responsiveness is crucial for signal generation.
Adaptive Volatility Bands
What makes this indicator truly unique is its adaptive band calculation system. Instead of using a single standard deviation like traditional Bollinger Bands, the indicator maintains separate variance calculations for upward and downward price movements. When price rises above the TMA centerline, the upper band variance increases while the lower band variance decreases proportionally. The opposite occurs when price falls below the centerline.
This asymmetric approach allows the bands to better reflect actual market conditions. During uptrends, the upper band expands to accommodate bullish volatility while the lower band contracts, creating a channel that naturally "leans" in the direction of the trend. The same principle applies in reverse during downtrends.
The full calculation uses a smoothed variance over approximately four times the base period, ensuring that band adjustments are gradual rather than erratic. The multiplier parameter allows you to adjust the sensitivity of the bands to volatility, with higher values creating wider channels that generate fewer but higher-quality signals.
Understanding the Signals
The signal generation mechanism is elegantly simple yet remarkably effective. A bullish signal occurs when the lower FAST band crosses above the lower MAIN band. This crossover indicates that short-term momentum has shifted decisively upward, strong enough to break through the slower-moving baseline channel. These signals typically appear after consolidation periods or healthy pullbacks in uptrends, making them excellent continuation entry points.
Conversely, bearish signals trigger when the upper FAST band crosses below the upper MAIN band. This pattern suggests that upward momentum has exhausted itself and that sellers are beginning to dominate. These signals often appear near resistance levels or at the culmination of extended rallies, providing excellent risk-reward opportunities for counter-trend or trend-reversal trades.
The visual representation enhances signal clarity. The MAIN TMA centerline changes color dynamically based on its slope, displaying green during upward movement and red during downward movement. This gives you instant visual confirmation of the prevailing trend direction. The signal markers themselves appear as diamond shapes positioned just outside the MAIN channel bands, with cyan diamonds indicating buy opportunities below the lower band and blue diamonds marking sell opportunities above the upper band. You could consider taking bull signals only on long trend, and vice versa for the sell signals.
Practical Application
The indicator works across multiple trading approaches and timeframes. For trend-following strategies, the most reliable signals occur when they align with the MAIN TMA color. Taking only green-colored uptrend signals and red-colored downtrend signals significantly improves win rates by ensuring you're always trading with the dominant momentum.
For breakout traders, the most powerful setups occur after periods of compression when the FAST bands squeeze inside the MAIN bands. This compression indicates low volatility and tight consolidation. When a signal finally triggers after such compression, it often leads to explosive moves as the market breaks out of its range.
Mean reversion traders can also benefit from this indicator by taking counter-trend signals when price reaches extreme band levels. However, this approach requires careful risk management and works best in clearly ranging market conditions.
Configuration and Customization
The default parameters have been carefully selected through extensive testing, with the MAIN period set to 133 bars and the FAST period at 19 bars. These values create an effective balance between trend identification and momentum responsiveness. However, the indicator is fully customizable to suit different trading styles and market conditions.
Traders focusing on longer-term positions might increase both periods proportionally, while scalpers and day traders might reduce them. The price type parameter allows you to choose how price is calculated for the TMA, with the weighted option providing the most responsive results. The band multiplier controls how wide the channels expand, with values between 2.5 and 4.0 being most common depending on your preferred signal frequency.
Technical Integrity
A critical feature of this indicator is its complete absence of repainting. All signals are generated and confirmed on closed bars, meaning that once a signal appears in historical data, it will remain exactly where it appeared regardless of subsequent price action. This makes the indicator equally reliable for backtesting historical data and trading live markets, a characteristic that many "magic indicator" systems cannot claim.
The calculation methodology ensures that what you see on your chart is exactly what you would have seen in real-time when that bar closed. There are no retrospective adjustments, no future-peeking calculations, and no algorithmic tricks that make historical performance look better than actual trading results would have been.
Conclusion
TMA Dual Bands offers a sophisticated yet user-friendly approach to technical analysis, combining time-tested TMA methodology with modern adaptive volatility concepts. The dual-channel system provides clear visual representation of market structure while the crossover signals offer objective entry points that remove much of the guesswork from trading decisions.
Whether you're a discretionary trader looking for high-probability setups or a systematic trader seeking reliable signals for automated strategies, this indicator provides the clarity and consistency needed for confident decision-making in dynamic market conditions.
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**Developed by AlgoAlex81**
*Disclaimer: This indicator is provided for educational and informational purposes only. Past performance does not guarantee future results. Always practice proper risk management and never risk more than you can afford to lose.*
ES on MNQES on MNQ — ES percent-move overlay on the MNQ price scale.
Overview
This indicator projects the ES’s intraday percent change since session open onto the MNQ price scale. At the session start (18:00 chart time), it stores the ES open and the MNQ open, tracks ES’s percentage move from that anchor, and applies the same percent move to the MNQ open. The result is a single line that behaves like ES but is plotted in MNQ points—useful for spotting convergence/divergence, failed breaks, and mean-reversion setups between ES and MNQ.
How it works
1. Detects session open (18:00 on your chart).
2. Saves ES_open and MNQ_open.
3. Computes pct = (ES_close - ES_open) / ES_open.
4. Plots MNQ_open * (1 + pct) as the ES-on-MNQ line.
A label on the last bar shows the current ES value for quick reference.
Inputs
• ES Symbol: default ES1! (change if you use a different continuous).
• Line Color: color of the overlaid ES-on-MNQ line.
Works best on intraday timeframes and when your chart’s session aligns with ES.
Why it’s useful
• Highlights divergences (MNQ decoupling from ES baseline).
• Aids confirmation on pullbacks/breakouts when MNQ’s move disagrees with the ES-based projection.
• Helps risk control by flagging stretches likely to revert toward the ES-anchored path.
Notes & limitations
• This is a percent-rebasing overlay, not a hedge ratio, fair value, or spread model.
• Session/timezone settings matter; if your feed doesn’t print exactly at 18:00 on a higher timeframe, use a smaller TF or adjust session settings.
• Minor differences between ES (full) and MNQ (micro) and data latency can create small offsets.
Disclaimer
For educational use only. Not financial advice. Use proper risk management.
VIX on MNQVIX on MNQ — VIX percent-move overlay on the MNQ price scale (daily-open anchor, optional inversion)
Overview
This indicator projects the VIX’s intraday percent change from the daily open onto the MNQ price scale. It takes today’s open for both VIX and MNQ, measures the VIX’s percentage move since that open, optionally inverts it (given the typical inverse relationship), and applies a scale factor to fit that move onto MNQ’s price axis. The result is a single line that reflects VIX dynamics but is plotted in MNQ points—great for reading risk-on/risk-off tone, spotting divergences, and timing mean-reversion around volatility spikes.
How it works
• Fetches VIX close on your chart timeframe and today’s open for VIX and MNQ.
• Computes pct = (VIX_close − VIX_open) / VIX_open.
• Optionally multiplies by −1 (invert) and then by a Scale Factor to compress amplitude.
• Plots MNQ_open * (1 + pct * (invert? −1 : 1) * scaleFactor) as the VIX-on-MNQ line.
• Adds a last-bar label with the current VIX value and a small info panel (VIX, % change, scaled level).
Inputs
• VIX Symbol: VIX, CBOE:VIX, or TVC:VIX (pick the one that matches your data feed).
• VIX Line Color: color of the overlay line.
• Invert VIX: flip the sign to reflect inverse correlation with MNQ.
• Scale Factor (default 0.05): tune how much of the VIX move is mapped onto MNQ points.
Why it’s useful
• Surfaces volatility-led divergences: when MNQ’s path disagrees with VIX’s risk signal.
• Helps confirm/fade breakouts and pullbacks during volatility expansions/compressions.
• Provides a quick, visual “volatility baseline” directly on the MNQ chart without juggling two panes.
Notes & limitations
• This is a percent-rebased overlay, not a hedge ratio, fair value, or spread model.
• It anchors to the current day’s open; session/timezone settings and your VIX symbol choice (CBOE:VIX vs TVC:VIX) can affect exact prints.
• The scale factor is intentionally manual—adjust until the overlay’s swings are visually informative for your setup.
Disclaimer
For educational use only. Not financial advice. Always manage risk.
ES on MNQES on MNQ — ES percent-move overlay on the MNQ price scale
Overview
This indicator projects the ES’s intraday percent change since session open onto the MNQ price scale. At the session start (18:00 global chart time), it stores the ES open and the MNQ open, tracks ES’s percentage move from that anchor, and applies the same percent move to the MNQ open. The result is a single line that behaves like ES but is plotted in MNQ points—useful for spotting convergence/divergence, failed breaks, and mean-reversion setups between ES and MNQ.
How it works
1. Detects session open (18:00 on your chart).
2. Saves ES_open and MNQ_open.
3. Computes pct = (ES_close - ES_open) / ES_open.
4. Plots MNQ_open * (1 + pct) as the ES-on-MNQ line.
A label on the last bar shows the current ES value for quick reference.
Inputs
• ES Symbol: default ES1! (change if you use a different continuous).
• Line Color: color of the overlaid ES-on-MNQ line.
Works best on intraday timeframes and when your chart’s session aligns with ES.
Why it’s useful
• Highlights divergences (MNQ decoupling from ES baseline).
• Aids confirmation on pullbacks/breakouts when MNQ’s move disagrees with the ES-based projection.
• Helps risk control by flagging stretches likely to revert toward the ES-anchored path.
Notes & limitations
• This is a percent-rebasing overlay, not a hedge ratio, fair value, or spread model.
• Session/timezone settings matter; if your feed doesn’t print exactly at 18:00 on a higher timeframe, use a smaller TF or adjust session settings.
• Minor differences between ES (full) and MNQ (micro) and data latency can create small offsets.
Disclaimer
For educational use only. Not financial advice. Use proper risk management.
Complete DashboardPA+AI PRE/GO Trading Dashboard v0.1.2 - Publication Summary
Overview
A comprehensive multi-component trading system that combines technical analysis with an intelligent probability scoring framework to identify high-quality trade setups. The indicator features TTM Squeeze integration, volatility regime adaptation, and professional risk management tools—all presented in an intuitive 4-dashboard interface.
Key Features
🎯 8-Component Probability Scoring System (0-100%)
VWAP Position & Momentum - Price location and directional bias
MACD Alignment - Trend confirmation and momentum strength
EMA Trend Analysis - Multi-timeframe trend validation
Volume Surge Detection - Relative volume analysis (RVOL)
Price Extension Analysis - Distance from VWAP in ATR multiples
TTM Squeeze Status - Volatility compression/expansion cycles
Squeeze Momentum - Directional thrust measurement
Confluence Scoring - Multi-indicator alignment bonus
🔥 TTM Squeeze Integration
Squeeze Detection - Identifies consolidation phases (BB inside KC)
Strength Classification - Distinguishes tight vs. loose squeezes
Fire Signals - Premium entry alerts when squeeze releases
Building Alerts - Early warnings when tight squeezes are coiling
📊 Volatility Regime Adaptation
Dynamic Thresholds - Auto-adjusts based on ATR percentile (100-bar)
Three Regimes - LOW VOL, NORMAL, HIGH VOL classification
Adaptive Parameters - RVOL requirements and distance limits adjust automatically
Context-Aware Scoring - Volume expectations scale with market volatility
💰 Professional Risk Management
Position Sizing Calculator - Risk-based share calculation (% of account)
ATR Trailing Stops - Dynamic stop-loss that tightens with profits
Multiple Entry Strategies - VWAP reversion and pullback entries
Complete Trade Info - Entry, stop, target, and size for every signal
📈 Multi-Timeframe Analysis Dashboard
4 Timeframes - Daily, 4H, 15m, 5m (customizable)
6 Metrics per TF - Price change, MACD, RSI, RVOL, EMA trend
Alignment Visualization - Color-coded bull/bear indicators
HTF Context - Understand broader market structure
🛡️ Reliability Features
Confirm-on-Close - Eliminates intrabar repainting
Minimum Bars Filter - Prevents premature signals on chart load
NA-Safe Calculations - Works reliably on all symbols/timeframes
Zero Division Protection - Bulletproof math across all market conditions
What Makes This Indicator Unique
Intelligent Probability Weighting
Unlike binary "buy/sell" indicators, this system quantifies setup quality from 0-100%, allowing traders to:
Filter by confidence - Only take 70%+ probability setups
Size accordingly - Larger positions on higher probability signals
Understand context - Know exactly why a signal fired
Squeeze-Enhanced Entries
The integration of TTM Squeeze analysis adds a powerful timing dimension:
Premium Signals - 🔥 when squeeze fires + high probability (75%+)
Regular Signals - Standard entries during trending conditions
Avoid Chop - No entries during squeeze consolidation
Strength Matters - Tight squeezes (BB width <20th percentile) get bonus points
Adaptive Intelligence
The volatility regime system ensures the indicator performs across all market conditions:
Dead markets - Tighter thresholds prevent false signals
Volatile markets - Loosened requirements catch real moves
Automatic adjustment - No manual intervention needed
Dashboard-Centric Design
All critical information visible at a glance:
Top-right - Probability breakdown & regime status
Middle-right - Multi-timeframe alignment matrix
Middle-left - RVOL status (volume confirmation)
Bottom-right - Entry strategies with exact prices & sizes
Ideal For
✅ Day Traders - Intraday setups with clear entry/exit
✅ Swing Traders - Multi-timeframe confirmation for position trades
✅ Options Traders - Squeeze timing for volatility expansion plays
✅ Systematic Traders - Quantified probabilities for rule-based systems
✅ Risk Managers - Built-in position sizing & stop placement
Technical Specifications
Indicator Type: Overlay (draws on price chart)
Pine Script Version: v6
Calculation Method: Real-time, confirm-on-close option
Alerts: 8 different alert types (premium entries, exits, squeeze warnings)
Customization: 30+ input parameters
Performance: Optimized for real-time updates
Entry Strategies Included
1. VWAP Reversion
Enter when price bounces off VWAP ± 0.7 ATR
Targets mean reversion moves
Best for range-bound or choppy markets
2. Pullback to Structure
Enter on 50% retracement from swing high/low
Targets trend continuation after healthy pullback
Best for strong trending markets
Both strategies include:
Precise entry levels
ATR-based stop placement
Risk/reward targets
Position size calculation
Alert System
8 Alert Types:
🔥 Premium Long - Squeeze firing + bullish + high probability
🔥 Premium Short - Squeeze firing + bearish + high probability
🟢 High Probability Long - Standard bullish setup (70%+)
🔴 High Probability Short - Standard bearish setup (70%+)
⚡ Squeeze Coiling Long - Tight squeeze building, bullish bias
⚡ Squeeze Coiling Short - Tight squeeze building, bearish bias
Exit Long - Long position exit signal
Exit Short - Short position exit signal
Settings & Customization
Basic Settings
ATR Length (default: 14)
Confirm on Close (default: ON)
Minimum Bars Required (default: 50)
Squeeze Settings
Bollinger Band Length & Multiplier
Keltner Channel Length & Multiplier
Momentum Length
Squeeze strength classification
Probability Settings
MACD Parameters (12, 26, 9)
Volume Surge Multiplier (1.5x)
High/Medium Probability Thresholds (70%/50%)
Volatility Regime Adaptation (ON/OFF)
Risk Management
Account Equity
Risk % per Trade (default: 1%)
ATR Trailing Stop (ON/OFF)
Trail Multiplier (default: 2.0x)
Visual Settings
RVOL Period (20 bars)
Fast/Slow EMA (9/21)
Show/Hide each timeframe
Dashboard positioning
Use Cases
Conservative Trading
Set High Probability Threshold to 75%+
Enable Confirm-on-Close
Only take Premium (🔥) entries
Use 0.5% risk per trade
Aggressive Trading
Set Medium Probability Threshold to 50%
Disable Confirm-on-Close (live signals)
Take all High Probability entries
Use 1.5-2% risk per trade
Squeeze Specialist
Focus exclusively on Premium entries (squeeze firing)
Wait for "TIGHT SQUEEZE" status
Monitor squeeze building alerts
Enter immediately on fire signal
Range Trading
Use VWAP reversion entries only
Lower probability threshold to 60%
Tighter trailing stops (1.5x ATR)
Focus on low volatility regime periods
Performance Expectations
Based on backtesting and design principles:
Signal Quality:
False signals reduced ~20-30% vs. single-indicator systems
Win rate improvement ~5-10% from regime adaptation
Average win size +15-20% from trailing stops
Execution:
Clear entry signals with exact prices
Defined risk on every trade (stop loss)
Consistent position sizing (% of account)
Professional trade management
Adaptability:
Works across stocks, futures, forex, crypto
Performs in trending and ranging markets
Adjusts to changing volatility automatically
Version History
v0.1.2 (Current)
Added squeeze momentum scoring (was calculated but unused)
Implemented volatility regime adaptation
Added confluence scoring (multi-indicator alignment)
Enhanced squeeze strength classification (tight vs. loose)
Improved reliability (confirm-on-close, NA-safe calculations)
Added ATR trailing stops
Added position sizing calculator
Consolidated alert system
v0.1.1
Initial release with 6-component probability system
Basic TTM Squeeze integration
Multi-timeframe analysis
Entry strategy frameworks
Limitations & Disclaimers
⚠️ Not a Holy Grail - No indicator is 100% accurate; losses will occur
⚠️ Requires Judgment - Use probability scores to guide, not replace, decision-making
⚠️ Backtesting Recommended - Test on paper/demo before live trading
⚠️ Market Dependent - Performance varies by asset class and market conditions
⚠️ Risk Management Essential - Always use stops; never risk more than you can afford to lose
Installation & Setup
Copy the Pine Script code
Open TradingView chart
Pine Editor → Paste code → "Add to Chart"
Configure inputs for your trading style
Set up alerts via TradingView alert menu
Paper trade for 20+ signals before going live
Future Development Roadmap
Phase 3 (Planned)
HTF alignment filter (require Daily + 4H confirmation)
Session filters (avoid low-liquidity periods)
Probability decay (signals lose value over time)
Squeeze pre-alert enhancements
Phase 4 (AI Integration)
Feature vector export via webhooks
ML-based parameter optimization
Neural network regime classification
Reinforcement learning for exits
Support & Documentation
Included Documentation:
Complete changelog with implementation details
Technical guide explaining all components
Risk management best practices
Alert configuration guide
Best Practices:
Start with default settings
Enable Confirm-on-Close initially
Use 1% risk per trade or less
Focus on Premium (🔥) entries first
Keep a trade journal to track performance
Credits & Methodology
Indicators Used:
TTM Squeeze (John Carter)
VWAP (Volume-Weighted Average Price)
MACD (Gerald Appel)
Exponential Moving Averages
Average True Range (Wilder)
Relative Volume
Original Contributions:
Multi-component probability weighting system
Volatility regime adaptation framework
Confluence scoring methodology
Integrated risk management calculator
Dashboard-centric visualization
License & Terms
Usage: Free for personal trading
Modification: Open source, modify as needed
Distribution: Credit original author if sharing modified versions
Commercial Use: Contact author for licensing
No Warranty: This indicator is provided "as-is" without guarantees of profitability. Trading involves substantial risk. Past performance does not guarantee future results.
Quick Stats
📊 Components: 8
🎯 Probability Range: 0-100%
📈 Timeframes: 4 (customizable)
🔔 Alert Types: 8
⚙️ Input Parameters: 30+
📱 Dashboards: 4
💰 Entry Strategies: 2 (VWAP + Pullback)
🛡️ Risk Management: Integrated
Status: Production Ready ✅
Version: 0.1.2
Last Updated: November 2025
Pine Script: v6
File Name: PA_AI_PRE_GO_v0.1.2_FIXED.pine
One-Line Summary
A professional-grade trading dashboard combining 8 technical components with TTM Squeeze analysis, volatility-adaptive thresholds, and integrated risk management—delivering quantified probability scores (0-100%) for every trade setup.
[AA] - Market Valuation (Mean Based) - Market Valuation (Mean Based)
What it does
This indicator estimates whether price is overvalued, undervalued, or fairly valued relative to its structural mean across multiple lookback windows. It builds a single normalized oscillator from short-, mid-, and long-term ranges so traders can quickly see when price is stretched away from equilibrium.
This is not a mashup of existing tools. It’s a custom mean-deviation model that aggregates multi-window range positioning into one score.
How it works (concepts)
For each lookback length (13, 25, 30, 50, 100, 200):
Range & midpoint:
Highest high H and lowest low L.
Structural midpoint Mid = (H + L)/2.
Normalized deviation:
Dev = (Close − Mid) / (H − L) → location of price within its own range.
Aggregation:
The oscillator z_struct is the average of the deviations from the five windows.
Result: a smoothed, dimensionless value (roughly −1 to +1 in typical markets) showing multi-horizon displacement from the mean.
Plots & levels
Oscillator (area): z_struct
Reference lines: +0.40 (OB), 0.00 (equilibrium), −0.30 (OS)
Coloring:
Red when z_struct > OB (extended above mean)
Blue when z_struct < OS (extended below mean)
White in between
Suggested use
Mean reversion context: Fade extremes in range-bound conditions; take profits into OB/OS.
Trend awareness: In strong trends, extremes can persist—use levels as exhaustion context rather than standalone entry.
Filter/confirm: Combine with your trend filter or structure tools to time pullbacks and avoid chasing extended moves.
Inputs
Lookbacks: 13, 25, 30, 50, 100, 200
Thresholds: OB = 0.40, OS = −0.30
Notes & limitations
Works on the current symbol/timeframe only; no security() calls and no repainting beyond normal bar completion.
In very tight or flat ranges (H ≈ L), normalized deviations can become sensitive; consider longer windows or higher timeframes.
This is an indicator, not a strategy. No signals are generated; use with risk management.
Originality statement
This script implements an original, multi-window mean-deviation aggregation. It does not replicate a built-in or a public indicator; its purpose is to quantify cross-horizon valuation in a single, normalized measure.
Smart Money Flow Index (SMFI) - Advanced SMC [PhenLabs]📊Smart Money Flow Index (SMFI)
Version: PineScript™v6
📌Description
The Smart Money Flow Index (SMFI) is an advanced Smart Money Concepts implementation that tracks institutional trading behavior through multi-dimensional analysis. This comprehensive indicator combines volume-validated Order Block detection, Fair Value Gap identification with auto-mitigation tracking, dynamic Liquidity Zone mapping, and Break of Structure/Change of Character detection into a unified system.
Unlike basic SMC indicators, SMFI employs a proprietary scoring algorithm that weighs five critical factors: Order Block strength (validated by volume), Fair Value Gap size and recency, proximity to Liquidity Zones, market structure alignment (BOS/CHoCH), and multi-timeframe confluence. This produces a Smart Money Score (0-100) where readings above 70 represent optimal institutional setup conditions.
🚀Points of Innovation
Volume-Validated Order Block Detection – Only displays Order Blocks when formation candle exceeds customizable volume multiplier (default 1.5x average), filtering weak zones and highlighting true institutional accumulation/distribution
Auto-Mitigation Tracking System – Fair Value Gaps and Order Blocks automatically update status when price mitigates them, with visual distinction between active and filled zones preventing trades on dead levels
Proprietary Smart Money Score Algorithm – Combines weighted factors (OB strength 25%, FVG proximity 20%, Liquidity 20%, Structure 20%, MTF 15%) into single 0-100 confidence rating updating in real-time
ATR-Based Adaptive Calculations – All distance measurements use 14-period Average True Range ensuring consistent function across any instrument, timeframe, or volatility regime without manual recalibration
Dynamic Age Filtering – Automatically removes liquidity levels and FVGs older than configurable thresholds preventing chart clutter while maintaining relevant levels
Multi-Timeframe Confluence Integration – Analyzes higher timeframe bias with customizable multipliers (2-10x) and incorporates HTF trend direction into Smart Money Score for institutional alignment
🔧Core Components
Order Block Engine – Detects institutional supply/demand zones using characteristic patterns (down-move-then-strong-up for bullish, up-move-then-strong-down for bearish) with minimum volume threshold validation, tracks mitigation when price closes through zones
Fair Value Gap Scanner – Identifies price imbalances where current candle's low/high leaves gap with two-candle-prior high/low, filters by minimum size percentage, monitors 50% fill for mitigation status
Liquidity Zone Mapper – Uses pivot high/low detection with configurable lookback to mark swing points where stop losses cluster, extends horizontal lines to visualize sweep targets, manages lifecycle through age-based removal
Market Structure Analyzer – Tracks pivot progression to identify trend through higher-highs/higher-lows (bullish) or lower-highs/lower-lows (bearish), detects Break of Structure and Change of Character for trend/reversal confirmation
Scoring Calculation Engine – Evaluates proximity to nearest Order Blocks using ATR-normalized distance, assesses FVG recency and distance, calculates liquidity proximity with age weighting, combines structure bias and MTF trend into smoothed final score
🔥Key Features
Customizable Display Limits – Control maximum Order Blocks (1-10), Liquidity Zones (1-10), and FVG age (10-200 bars) to maintain clean charts focused on most relevant institutional levels
Gradient Strength Visualization – All zones render with transparency-adjustable coloring where stronger/newer zones appear more solid and weaker/older zones fade progressively providing instant visual hierarchy
Educational Label System – Optional labels identify each zone type (Bullish OB, Bearish OB, Bullish FVG, Bearish FVG, BOS) with color-coded text helping traders learn SMC concepts through practical application
Real-Time Smart Money Score Dashboard – Top-right table displays current score (0-100) with color coding (green >70, yellow 30-70, red <30) plus trend arrow for at-a-glance confidence assessment
Comprehensive Alert Suite – Configurable notifications for Order Block formation, Fair Value Gap detection, Break of Structure events, Change of Character signals, and high Smart Money Score readings (>70)
Buy/Sell Signal Integration – Automatically plots triangle markers when Smart Money Score exceeds 70 with aligned market structure and fresh Order Block detection providing clear entry signals
🎨Visualization
Order Block Boxes – Shaded rectangles extend from formation bar spanning high-to-low of institutional candle, bullish zones in green, bearish in red, with customizable transparency (80-98%)
Fair Value Gap Zones – Rectangular areas marking imbalances, active FVGs display in bright colors with adjustable transparency, mitigated FVGs switch to gray preventing trades on filled zones
Liquidity Level Lines – Dashed horizontal lines extend from pivot creation points, swing highs in bearish color (short targets above), swing lows in bullish color (long targets below), opacity decreases with age
Structure Labels – "BOS" labels appear above/below price when Break of Structure confirmed, colored by direction (green bullish, red bearish), positioned at 1% beyond highs/lows for visibility
Educational Info Panel – Bottom-right table explains key terminology (OB, FVG, BOS, CHoCH) and score interpretation (>70 high probability) with semi-transparent background for readability
📖Usage Guidelines
General Settings
Show Order Blocks – Default: On, toggles visibility of institutional supply/demand zones, disable when focusing solely on FVGs or Liquidity
Show Fair Value Gaps – Default: On, controls FVG zone display including active and mitigated imbalances
Show Liquidity Zones – Default: On, manages liquidity line visibility, disable on lower timeframes to reduce clutter
Show Market Structure – Default: On, toggles BOS/CHoCH label display
Show Smart Money Score – Default: On, controls score dashboard visibility
Order Block Settings
OB Lookback Period – Default: 20, Range: 5-100, controls bars scanned for Order Block patterns, lower values detect recent activity, higher values find older blocks
Min Volume Multiplier – Default: 1.5, Range: 1.0-5.0, sets minimum volume threshold as multiple of 20-period average, higher values (2.0+) filter for strongest institutional candles
Max Order Blocks to Display – Default: 3, Range: 1-10, limits simultaneous Order Blocks shown, lower settings (1-3) maintain focus on most recent zones
Fair Value Gap Settings
Min FVG Size (%) – Default: 0.3, Range: 0.1-2.0, defines minimum gap size as percentage of close price, lower values detect micro-imbalances, higher values focus on significant gaps
Max FVG Age (bars) – Default: 50, Range: 10-200, removes FVGs older than specified bars, lower settings (10-30) for scalping, higher (100-200) for swing trading
Show FVG Mitigation – Default: On, displays filled FVGs in gray providing visual history, disable to show only active untouched imbalances
Liquidity Zone Settings
Liquidity Lookback – Default: 50, Range: 20-200, sets pivot detection period for swing highs/lows, lower values (20-50) mark shorter-term liquidity, higher (100-200) identify major swings
Max Liquidity Age (bars) – Default: 100, Range: 20-500, removes liquidity lines older than specified bars, adjust based on timeframe
Liquidity Sensitivity – Default: 0.5, Range: 0.1-1.0, controls pivot detection sensitivity, lower values mark only major swings, higher values identify minor swings
Max Liquidity Zones to Display – Default: 3, Range: 1-10, limits total liquidity levels shown maintaining chart clarity
Market Structure Settings
Pivot Length – Default: 5, Range: 3-15, defines bars to left/right for pivot validation, lower values (3-5) create sensitive structure breaks, higher (10-15) filter for major shifts
Min Structure Move (%) – Default: 1.0, Range: 0.1-5.0, sets minimum percentage move required between pivots to confirm structure change
Multi-Timeframe Settings
Enable MTF Analysis – Default: On, activates higher timeframe trend analysis incorporation into Smart Money Score
Higher Timeframe Multiplier – Default: 4, Range: 2-10, multiplies current timeframe to determine analysis timeframe (4x on 15min = 1hour)
Visual Settings
Bullish Color – Default: Green (#089981), sets color for bullish Order Blocks, FVGs, and structure elements
Bearish Color – Default: Red (#f23645), defines color for bearish elements
Neutral Color – Default: Gray (#787b86), controls color of mitigated zones and neutral elements
Show Educational Labels – Default: On, displays text labels on zones identifying type (OB, FVG, BOS), disable once familiar with patterns
Order Block Transparency – Default: 92, Range: 80-98, controls Order Block box transparency
FVG Transparency – Default: 92, Range: 80-98, sets Fair Value Gap zone transparency independently from Order Blocks
Alert Settings
Alert on Order Block Formation – Default: On, triggers notification when new volume-validated Order Block detected
Alert on FVG Formation – Default: On, sends alert when Fair Value Gap appears enabling quick response to imbalances
Alert on Break of Structure – Default: On, notifies when BOS or CHoCH confirmed
Alert on High Smart Money Score – Default: On, alerts when Smart Money Score crosses above 70 threshold indicating high-probability setup
✅Best Use Cases
Order Block Retest Entries – After Break of Structure, wait for price retrace into fresh bullish Order Block with Smart Money Score >70, enter long on zone reaction targeting next liquidity level
Fair Value Gap Retracement Trading – When price creates FVG during strong move then retraces, enter as price approaches unfilled gap expecting institutional orders to continue trend
Liquidity Sweep Reversals – Monitor price approaching swing high/low liquidity zones against prevailing Smart Money Score trend, after stop hunt sweep watch for rejection into premium Order Block/FVG
Multi-Timeframe Confluence Setups – Identify alignment when current timeframe Order Block coincides with higher timeframe FVG plus MTF analysis showing matching trend bias
Break of Structure Continuations – After BOS confirms trend direction, trade pullbacks to nearest Order Block or FVG in direction of structure break using Smart Money Score >70 as entry filter
Change of Character Reversal Plays – When CHoCH detected indicating potential reversal, look for Smart Money Score pivot with opposing Order Block formation then enter on structure confirmation
⚠️Limitations
Lagging Pivot Calculations – Pivot-based features (Liquidity Zones, Market Structure) require bars to right of pivot for confirmation, meaning these elements identify levels retrospectively with delay equal to lookback period
Whipsaw in Ranging Markets – During choppy conditions, Order Blocks fail frequently and structure breaks produce false signals as Smart Money Score fluctuates without clear institutional bias, best used in trending markets
Volume Data Dependency – Order Block volume validation requires accurate volume data which may be incomplete on Forex pairs or limited in crypto exchange feeds
Subjectivity in Scoring Weights – Proprietary 25-20-20-20-15 weighting reflects general institutional behavior but may not optimize for specific instruments or market regimes, user cannot adjust factor weights
Visual Complexity on Lower Timeframes – Sub-hour timeframes generate excessive zones creating cluttered charts, requires aggressive display limit reduction and higher minimum thresholds
No Fundamental Integration – Indicator analyzes purely technical price action and volume without incorporating economic events, news catalysts, or fundamental shifts that override technical levels
💡What Makes This Unique
Unified SMC Ecosystem – Unlike indicators displaying Order Blocks OR FVGs OR Liquidity separately, SMFI combines all three institutional concepts plus market structure into single cohesive system
Proprietary Confidence Scoring – Rather than manual setup assessment, automated Smart Money Score quantifies probability by weighting five institutional dimensions into actionable 0-100 rating
Volume-Filtered Quality – Eliminates weak Order Blocks forming without institutional volume confirmation, ensuring displayed zones represent genuine accumulation/distribution
Adaptive Lifecycle Management – Automatically updates mitigation status and removes aged zones preventing trades on dead levels through continuous validity and age monitoring
Educational Integration – Built-in tooltips, labeled zones, and reference panel make indicator functional for both learning Smart Money Concepts and executing strategies
🔬How It Works
Order Block Detection – Scans for patterns where strong directional move follows counter-move creating last down-candle before rally (bullish OB) or last up-candle before sell-off (bearish OB), validates formations only when candle exhibits volume exceeding configurable multiple (default 1.5x) of 20-bar average volume
Fair Value Gap Identification – Compares current candle’s high/low against two-candles-prior low/high to detect price imbalances, calculates gap size as percentage of close and filters micro-gaps below minimum threshold (default 0.3%), monitors whether subsequent price fills 50% triggering mitigation status
Liquidity Zone Mapping – Employs pivot detection using configurable lookback (default 50 bars) to identify swing highs/lows where retail stops cluster, extends horizontal reference lines from pivot creation and applies age-based filtering to remove stale zones
Market Structure Analysis – Tracks pivot progression using structure-specific lookback (default 5 bars) to determine trend, confirms uptrend when new pivot high exceeds previous by minimum move percentage, detects Break of Structure when price breaks recent pivot level, flags Change of Character for potential reversals
Multi-Timeframe Confluence – When enabled, requests security data from higher timeframe (current TF × HTF multiplier, default 4x), compares HTF close against HTF 20-period MA to determine bias, contributes ±50 points to score ensuring alignment with institutional positioning on superior timeframe
Smart Money Score Calculation – Evaluates Order Block component via ATR-normalized distance producing max 100-point contribution weighted at 25%, assesses FVG factor through age penalty and distance at 20% weight, calculates Liquidity proximity at 20%, incorporates structure bias (±50-100 points) at 20%, adds MTF component at 15%, applies 3-period smoothing to reduce volatility
Visual Rendering and Lifecycle – Draws Order Block boxes, Fair Value Gap rectangles with color coding (green/red active, gray mitigated), extends liquidity dashed lines with fade-by-age opacity, plots BOS labels, displays Smart Money Score dashboard, continuously updates checking mitigation conditions and removing elements exceeding age/display limits
💡Note:
The Smart Money Flow Index combines multiple Smart Money Concepts into unified institutional order flow analysis. For optimal results, use the Smart Money Score as confluence filter rather than standalone entry signal – scores above 70 indicate high-probability setups but should be combined with risk management, higher timeframe bias, and market regime understanding.
KeyzoneKeyzone is a dynamic support and resistance framework that identifies price reaction zones using the highest and lowest values over specific lookback periods.
It consists of four pairs of upper and lower lines:
– Keyzone 3 (light green): short-term micro swing zones
– Keyzone 8 (dark green): short-term intraday zones
– Keyzone 21 (orange): medium-term structural zones
– Keyzone 89 (red): long-term major zones
Each Keyzone adapts automatically to price movement, helping traders see where market participants are likely to react. The shorter zones (3, 8) capture quick pullbacks, while the longer zones (21, 89) reveal deeper institutional levels. This makes Keyzone a clear, multi-layered visual map of market structure that adjusts with every new candle.
Rita Swings •Impulses and Setbacks (Banana Trader)🚀 I just created an indicator that automatically shows market impulses and pullbacks 📊
With this indicator, you'll be able to see where the price is really moving and where the market pauses before the next move 💪
A simple yet powerful tool to improve your chart reading 🔥
Iriza4 -DAX EMA+HULL+ADX TP40 SL205 MIN SKALP. Additional filters improve accuracy: the strategy blocks trades after too many consecutive bullish or bearish candles (streak filter) and ignores signals when price is too far from the EMA (measured by ATR distance).
Each position uses a fixed risk-to-reward ratio of 1 : 2 with clear stop-loss and take-profit targets, without partial exits or breakevens. The goal is to identify clean pullbacks inside strong trends and filter out late or exhausted entries
ATR Money Line Bands V2The "ATR Money Line Bands V2" is a clever TradingView overlay designed for trend identification with volatility-aware bands, evolving from basic ATR envelopes.
Reasoning Behind Construction: The core idea is to blend a smoothed trend line with dynamic volatility bands for reliable signals in varying markets. The "Money Line" uses linear regression (ta.linreg) on closes over a length (default 16) instead of a moving average, as it fits data via least-squares for a cleaner, forward-projected trend without lag artifacts. ATR (default 12-period) powers the bands because it measures true range volatility better than std dev in gappy assets like crypto/stocks—bands offset from the Money Line by ATR * multiplier (default 1.5). A dynamic multiplier (boosts by ~33% on spikes > prior ATR * 1.3) prevents tight bands from false breakouts during surges. Trend detection checks slope against an ATR-scaled tolerance (default 0.15) to ignore noise, labeling bull/bear/neutral—avoiding whipsaws in flats.
Properties: It's an overlay with a colored Money Line (green bull, red bear, yellow neutral) and invisible bands (toggle to show gray lines) filled semi-transparently matching trend for visual pop. Dynamic adaptation makes bands widen/contract intelligently. An info table (positionable, e.g., top_right) displays real-time values: Money Line, bands, ATR, trend—great for quick scans. Limits history (2000 bars) and labels (500) for efficiency.
Tips for Usage: Apply to any timeframe/asset; defaults suit medium-term (e.g., daily stocks). Watch color flips: green for longs (enter on pullbacks to lower band), red for shorts (vice versa), yellow to sit out. Use bands as S/R—breakouts signal momentum, squeezes impending vol. Tweak length for sensitivity (shorter for intraday), multiplier for width (higher for trends), tolerance for fewer neutrals. Pair with volume/RSI for confirmation; backtest to optimize. In choppy markets, disable dynamic mult to avoid over-expansion. Overall, it's adaptive and visual—helps trend-follow without overcomplicating.
Relative Volume (Multi-TF, D, W, M)Relative Volume (Multi-TF, Candle-Matched Colors)
This indicator measures Relative Volume (RVOL) — the ratio of current volume to average historical volume — across any higher timeframe (Daily, Weekly, or Monthly) and displays it as color-coded columns that match the candle colors of the chart you’re viewing.
RVOL reveals how active today’s market participation is compared to its typical rhythm.
RVOL = 1.0 → normal volume
>1.5 → rising interest
>2.0–3.0 → strong institutional participation
>5.0 → climax or exhaustion levels
Features
Works on any chart timeframe while computing RVOL from your chosen higher timeframe (e.g., show Daily RVOL while trading on a 5-minute chart).
Column colors automatically match your chart’s candle colors (green/red/neutral).
Adjustable lookback period (len) and selectable source timeframe (D, W, or M).
Pre-drawn horizontal guide levels at 1.0, 1.2, 1.5, 2, 3, and 5 for quick interpretation.
Compatible with all chart types, including Heikin Ashi or custom color schemes.
Typical Use
Swing trading:
Look for quiet bases where RVOL stays 0.4–0.9, then expansion ≥2 on breakout days.
Confirm follow-through when green days keep RVOL ≥1.2–1.5 and red pullbacks stay below 1.0.
Day trading:
Watch intraday RVOL (on 1–5m charts) for bursts ≥2 that sustain for several bars — this signals crowd engagement and valid momentum.
Interpretation Summary
RVOL Value Meaning Typical Action
0.4–0.9 Quiet base / low interest Watch for setup
1.0 Normal activity Neutral
1.2–1.5 Valid participation Early confirmation
2–3 Strong expansion Momentum / breakout
≥5 Climax / exhaustion Take profits or avoid new entries
Author’s note:
RVOL isn’t directional; it tells how many players are active, not who’s winning. Combine it with structure (levels, VWAP, or trend) to see when the market crowd truly commits.
Fibonacci levels MTF 2WEEK KKKKA Fibonacci arc trading strategy uses circular arcs drawn at Fibonacci retracement levels (38.2%, 50%, 61.8%) to identify potential support and resistance zones, often intersecting with a trend line. This strategy helps traders anticipate price reversals or pullbacks, and it should be used in conjunction with other indicators
Fibonacci Retracement MTF/LOG 3 WEEK KKKKA Fibonacci arc trading strategy uses circular arcs drawn at Fibonacci retracement levels (38.2%, 50%, 61.8%) to identify potential support and resistance zones, often intersecting with a trend line. This strategy helps traders anticipate price reversals or pullbacks, and it should be used in conjunction with other indicators
VWAP Composites📊 VWAP Composite - Advanced Multi-Period Volume Weighted Average Price Indicator
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🎯 OVERVIEW
VWAP Composite is an advanced volume-weighted average price (VWAP) indicator that goes beyond traditional single-period VWAP calculations by offering composite multi-period analysis and unprecedented customization. This indicator solves a common problem traders face: traditional VWAP resets at arbitrary intervals (session start, day, week), but significant price action and volume accumulation often spans multiple periods. VWAP Composite allows you to anchor VWAP calculations to any timeframe—or combine multiple periods into a single composite VWAP—giving you a true representation of average price weighted by volume across the exact periods that matter to your analysis.
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⚙️ HOW IT WORKS - CALCULATION METHODOLOGY
📌 CORE VWAP CALCULATION
The indicator calculates VWAP using the standard volume-weighted formula:
• Typical Price = (High + Low + Close) / 3
• VWAP = Σ(Typical Price × Volume) / Σ(Volume)
This calculation is performed across user-defined time periods, ensuring each bar's contribution to the average is proportional to its trading volume.
📌 STANDARD DEVIATION BANDS
The indicator calculates volume-weighted standard deviation to measure price dispersion around the VWAP:
• Variance = Σ / Σ(Volume)
• Standard Deviation = √Variance
• Upper Band = VWAP + (StdDev × Multiplier)
• Lower Band = VWAP - (StdDev × Multiplier)
These bands help identify overbought/oversold conditions relative to the volume-weighted mean, with high-volume price excursions having greater impact on band width than low-volume moves.
📌 COMPOSITE PERIOD METHODOLOGY (Auto Mode)
Unlike traditional VWAP that resets at fixed intervals, Auto Mode creates composite VWAPs by combining the current period with N previous periods:
• Period Span = 1: Current period only (standard VWAP behavior)
• Period Span = 2: Current period + 1 previous period combined
• Period Span = 3: Current period + 2 previous periods combined
• And so on...
Example: A 3-period Weekly composite VWAP calculates from the start of 2 weeks ago through the current week's end, creating a single VWAP that represents 21 days of continuous price and volume data. This provides context about where price stands relative to the volume-weighted average over multiple weeks, not just the current week.
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🔧 KEY FEATURES & ORIGINALITY
✅ DUAL OPERATING MODES
1️⃣ MANUAL MODE (5 Independent VWAPs)
Define up to 5 separate VWAP calculations with custom start/end times:
• Perfect for anchoring VWAP to specific events (earnings, Fed announcements, major reversals)
• Each VWAP has independent color settings for lines and deviation band backgrounds
• Individual control over calculation extension and visual extension (explained below)
• Useful for tracking multiple institutional accumulation/distribution zones simultaneously
2️⃣ AUTO MODE (Composite Period VWAP)
Automatically calculates VWAP across combined time periods:
• Supported periods: Daily, Weekly, Monthly, Quarterly, Yearly
• Configurable period span (1-20 periods)
• Always up-to-date, recalculates on each new bar
• Ideal for systematic analysis across consistent timeframes
✅ DUAL EXTENSION SYSTEM (Manual Mode Innovation)
Most VWAP indicators only offer "on/off" for extending calculations. This indicator provides two distinct extension options:
🔹 EXTEND CALCULATION TO CURRENT BAR
When enabled, continues including new bars in the VWAP calculation after the defined end time. The VWAP value updates dynamically as new volume enters the market.
Use case: You anchored VWAP to a major low 3 weeks ago. You want the VWAP to continue evolving with new volume data to track ongoing institutional positioning.
🔹 EXTEND VISUAL LINE ONLY
When enabled (and calculation extension is disabled), projects the "frozen" VWAP value forward as a reference line. The VWAP value remains fixed at what it was at the end time, but the line and deviation bands visually extend to current price.
Use case: You want to see how price is behaving relative to the VWAP that existed at a specific point in time (e.g., "Where is price now vs. the 5-day VWAP that existed at last Friday's close?").
This dual system gives you unprecedented control over whether you're tracking a "living" VWAP that incorporates new data or using historical VWAP levels as static reference points.
✅ CUSTOMIZABLE STANDARD DEVIATION BANDS
• Adjustable multiplier (0.1 to 5.0)
• Independent background colors with opacity control for each VWAP
• Dashed band lines for easy visual distinction from main VWAP
• Bands extend when visual extension is enabled, maintaining zone visibility
✅ COMPREHENSIVE LABELING SYSTEM
Each VWAP displays:
• Current VWAP value
• Upper deviation band value (High)
• Lower deviation band value (Low)
• Extension status indicator (Calc Extended / Visual Extended)
• Color-coded for quick identification
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📖 HOW TO USE THIS INDICATOR
🎯 SCENARIO 1: EVENT-ANCHORED VWAP (Manual Mode)
Use case: A stock gaps down 15% on earnings and you want to track where institutions are positioning during the recovery.
Setup:
1. Switch to Manual Mode
2. Enable VWAP 1
3. Set Start Time to the earnings gap bar
4. Set End Time to current time (or leave far in future)
5. Enable "Extend Calculation to Current Bar"
6. Watch how price respects the VWAP as a dynamic support/resistance
Interpretation:
• Price above VWAP = buyers in control since the event
• Price testing VWAP from above = potential support
• Volume-weighted standard deviation bands show normal price range
• Price outside bands = potential exhaustion/mean reversion setup
🎯 SCENARIO 2: MULTI-WEEK INSTITUTIONAL ACCUMULATION ZONE (Auto Mode)
Use case: You trade swing setups and want to identify where institutions have been accumulating over the past 3 weeks.
Setup:
1. Switch to Auto Mode
2. Select "Weekly" period type
3. Set Period Span to 3
4. Enable standard deviation bands
Interpretation:
• 3-week composite VWAP shows the true average institutional entry
• Price bouncing off VWAP repeatedly = strong support (institutions defending their average)
• Price breaking below VWAP on high volume = potential distribution
• Deviation bands contracting = consolidation; expanding = volatility increase
🎯 SCENARIO 3: COMPARING MULTIPLE TIME HORIZONS (Manual Mode)
Use case: You want to see short-term vs medium-term vs long-term VWAP alignments.
Setup:
1. Switch to Manual Mode
2. VWAP 1: Last 5 trading days (blue)
3. VWAP 2: Last 10 trading days (orange)
4. VWAP 3: Last 20 trading days (purple)
5. Enable "Extend Calculation" for all
6. Set different background colors for visual separation
Interpretation:
• All VWAPs aligned upward = strong trend across all timeframes
• Price between VWAPs = finding equilibrium between different trader timeframes
• Short-term VWAP crossing long-term VWAP = momentum shift
• Price rejecting at higher-timeframe VWAP = that timeframe's traders defending their average
🎯 SCENARIO 4: HISTORICAL VWAP REFERENCE LEVELS (Manual Mode)
Use case: You want to see where the 1-month VWAP was at each month-end as static reference levels.
Setup:
1. Switch to Manual Mode
2. VWAP 1: Set to last month's start/end dates
3. VWAP 2: Set to 2 months ago start/end dates
4. VWAP 3: Set to 3 months ago start/end dates
5. Disable "Extend Calculation"
6. Enable "Extend Visual Line Only"
Interpretation:
• Each VWAP represents the volume-weighted average for that complete month
• These become static support/resistance levels
• Price returning to old monthly VWAPs = institutional memory/gap fill behavior
• Useful for identifying longer-term value areas
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🎨 CUSTOMIZATION OPTIONS
GENERAL SETTINGS
• Show/hide labels
• Line style: Solid, Dashed, or Dotted
• Standard deviation multiplier (impacts band width)
• Toggle standard deviation bands on/off
MANUAL MODE (Per VWAP)
• Custom start and end times
• Line color picker
• Background color picker (with transparency control)
• Extend calculation option
• Extend visual option
• Show/hide individual VWAPs
AUTO MODE
• Period type selection (Daily/Weekly/Monthly/Quarterly/Yearly)
• Period span (1-20 periods)
• Line color
• Background color (with transparency control)
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💡 TRADING APPLICATIONS
✓ Mean Reversion: Use deviation bands to identify stretched prices likely to return to VWAP
✓ Trend Confirmation: Price sustained above VWAP = bullish bias; below = bearish bias
✓ Support/Resistance: VWAP often acts as dynamic S/R, especially on higher volume periods
✓ Institutional Positioning: Multi-day/week VWAPs show where large players have established positions
✓ Entry Timing: Wait for pullbacks to VWAP in trending markets
✓ Stop Placement: Use VWAP ± standard deviation as volatility-adjusted stop levels
✓ Breakout Confirmation: Breakouts from consolidation with price reclaiming VWAP = stronger signal
✓ Multi-Timeframe Analysis: Compare short vs long-period VWAPs to gauge momentum alignment
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⚠️ IMPORTANT NOTES
• The indicator redraws on each bar to maintain accurate visual representation (uses `barstate.islast`)
• Maximum lookback is limited to 5000 bars for performance optimization
• Time range calculations work across all timeframes but are most effective on intraday to daily charts
• Standard deviation bands assume volume-weighted distribution; extreme events may violate assumptions
• Auto mode always calculates to current bar; use Manual mode for fixed historical periods
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This indicator is open-source. Feel free to examine the code, learn from it, and adapt it to your needs.
