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CCI MTF Ob+OsHello Traders, This is a simple Commodity Channel Index (CCI) indicator with multi-timeframe (MTF) overbought and oversold level. It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily. There are options to select 1-5 timeframes to detect overbought and oversold. Green Background is "Oversold" , looking for "Long". Red Background is "Overbought" , looking for "Short". Have fun :)
Pine Script® indicator
by BacktestTerminal
Socrates Reversals PlotterSOCRATES Reversals Plotter Introduction This script is intended for users of the Socrates platform. This is located on ask-socrates.com which is property of AE Global Solutions, Inc. Background It is cumbersome to track the reversal system on the proprietary platform especially when users want to combine it with real-time data on TradingView. Some active reversals, especially those on the daily level change quite often and updating the charts regularly takes a lot of time. Therefore I've created this script primarily for the following reasons: Simplify the process of keeping the charts updated Standardize the look of the graphs so that they can be quickly understood when shared with other users for studying purposes and discussions Features v1.0 (20201203) Add up to 5 daily/weekly/monthly reversals which will plot and format automatically Easily hide daily/weekly/monthly reversals as a group Highlight the range of a given unit of reversals. This takes the values of the lowest bullish and highest bearish reversals. They are expected to be written in #01 fields Don't forget to use the option to "Save As Default" at the bottom of the Inputs tab. This will make sure all your reversals are stored even if you remove the indicator from your graph
Pine Script® indicator
by FatoYo
4
Ultimate Pattern Scanner ProChart Patterns and Harmonic Patterns using just ONE indicator! This is a automatic scanner for well know patterns like Head and Shoulder to get started. I'm planning to add more patterns in the near future. It works as follows: 1. Is going to plot the pattern on the chart, lines in blue 2. Is going to show you when the pattern has finished to form, triangles and diamonds 3. It is possible to get an alert when the pattern has form For example: is going to give a possible entry when the price has broken the trend line of the two shoulders if we take the Head and Shoulder pattern as an example. Please let me know in the comments if you would like to have more patterns. ====================================================== This versions supports: 1. Head And Shoulder Pattern - Show possible entries when the trend formed by the shoulders has been broken 2. Bat Harmonic Pattern - Show Possible Reversals Zones in green or red boxes - Alerts when any pattern has form ====================================================== ====================================================== Next Versions: - All the harmonic patterns - Triangles - Elliot Waves impulses - Double Top and Bottom - Triple top and bottom - Rising and Falling Wedge - The cup and the handle, etc - ABCD pattern Let me know in the comments if you are interested in something like this so I CAN GIVE YOU ACCESS. I'll appreciate your feedback. thanks
Pine Script® indicator
by QodingTheMarkets
171
Percentage Based ZigZag█  OVERVIEW The Percentage-Based ZigZag indicator is a custom technical analysis tool designed to highlight significant price reversals while filtering out market noise. Unlike many standard zigzag tools that rely solely on fixed price moves or generic trend-following methods, this indicator uses a configurable percentage threshold to dynamically determine meaningful pivot points. This approach not only adapts to different market conditions but also helps traders distinguish between minor fluctuations and truly significant trend shifts—whether scalping on shorter timeframes or analyzing longer-term trends. █  KEY FEATURES & ORIGINALITY Dynamic Pivot Detection The indicator identifies pivot points by measuring the percentage change from the previous extreme (high or low). Only when this change exceeds a user-defined threshold is a new pivot recognized. This method ensures that only substantial moves are considered, making the indicator robust in volatile or noisy markets. Enhanced ZigZag Visualization By connecting significant highs and lows with a continuous line, the indicator creates a clear visual map of price swings. Each pivot point is labelled with the corresponding price and the percentage change from the previous pivot, providing immediate quantitative insight into the magnitude of the move. Trend Reversal Projections In addition to marking completed reversals, the script computes and displays potential future reversal points based on the current trend’s momentum. This forecasting element gives traders an advanced look at possible turning points, which can be particularly useful for short-term scalping strategies. Customizable Visual Settings Users can tailor the appearance by:  • Setting the percentage threshold to control sensitivity.  • Customizing colors for bullish (e.g., green) and bearish (e.g., red) reversals.  • Enabling optional background color changes that visually indicate the prevailing trend. █  UNDERLYING METHODOLOGY & CALCULATIONS Percentage-Based Filtering The script continuously monitors price action and calculates the relative percentage change from the last identified pivot. A new pivot is confirmed only when the price moves a preset percentage away from this pivot, ensuring that minor fluctuations do not trigger false signals. Pivot Point Logic The indicator tracks the highest high and the lowest low since the last pivot. When the price reverses by the required percentage from these extremes, the algorithm:  1 — Labels the point as a significant high or low.  2 — Draws a connecting line from the previous pivot to the current one.  3 — Resets the extreme-tracking for detecting the next move. Real-Time Reversal Estimation Building on traditional zigzag methods, the script incorporates a projection calculation. By analyzing the current trend’s strength and recent percentage moves, it estimates where a future reversal might occur, offering traders actionable foresight. █  HOW TO USE THE INDICATOR 1 — Apply the Indicator  • Add the Percentage-Based ZigZag indicator to your trading chart. 2 — Adjust Settings for Your Market  • Percentage Move – Set a threshold that matches your trading style:   - Lower values for sensitive, high-frequency analysis (ideal for scalping).   - Higher values for filtering out noise on longer timeframes.  • Visual Customization – Choose your preferred colors for bullish and bearish signals and enable background color changes for visual trend cues.  • Reversal Projection – Enable or disable the projection feature to display potential upcoming reversal points. 3 — Interpret the Signals  • ZigZag Lines – White lines trace significant high-to-low or low-to-high movements, visually connecting key swing points.  • Pivot Labels – Each pivot is annotated with the exact price level and percentage change, providing quantitative insight into market momentum.  • Trend Projections – When enabled, projected reversal levels offer insight into where the current trend might change. 4 — Integrate with Your Trading Strategy  • Use the indicator to identify support and resistance zones derived from significant pivots.  • Combine the quantitative data (percentage changes) with your risk management strategy to set optimal stop-loss and take-profit levels.  • Experiment with different threshold settings to adapt the indicator for various instruments or market conditions. █  CONCLUSION The Percentage-Based ZigZag indicator goes beyond traditional trend-following tools by filtering out market noise and providing clear, quantifiable insights into price action. With its percentage threshold for pivot detection and real-time reversal projections, this original methodology and customizable feature set offer traders a versatile edge for making informed trading decisions.
Pine Script® indicator
by Botnet101
6
52SIGNAL RECIPE Market Structure Reversal Signals═══ 52SIGNAL RECIPE Market Structure Reversal Signals ═══ ◆ Overview 52SIGNAL RECIPE Market Structure Reversal Signals is a technical indicator designed to detect structural changes in price charts and identify potential trend reversals. By tracking highs and lows over a specified period, this indicator provides clear visual signals when significant price breakouts occur, helping traders capture directional changes in the market early. ───────────────────────────────────── ◆ Key Features • Structural Reversal Detection: Provides potential trend change signals when price breaks through recent N-day highs/lows • Duplicate Signal Prevention: Filters out consecutive signals in the same direction • Intuitive Visualization: Clearly distinguishes bullish/bearish reversal signals by color and position on the chart • Confirmed Bar Based: Generates signals only after bars are completely closed, enhancing reliability • Customizable Settings: Adjustable tracking period to optimize for various market environments and timeframes ───────────────────────────────────── ◆ Technical Foundation ■ Market Structure Analysis Principle • High/Low Tracking: Identifies previous highs (LH) and lows (HL) over the specified period • Structural Breakout: Interprets as structural change when closing price breaks above previous high or below previous low • Confirmed Bar Verification: Minimizes false signals by generating signals only after the current bar has completely closed ■ Signal Filtering Mechanism • Signal State Tracking: Prevents duplicate signals by tracking the direction of the last generated signal • Directional Change Focus: Suppresses signals in the same direction until an opposite signal occurs • Noise Reduction: Focuses only on important level breakouts, eliminating unnecessary signals ───────────────────────────────────── ◆ Practical Applications ■ Trend Reversal Point Identification • Bullish Trend Starting Point: ▶ When bullish reversal signal occurs after a downtrend ▶ When upward momentum is confirmed by breaking previous high • Bearish Trend Starting Point: ▶ When bearish reversal signal occurs after an uptrend ▶ When downward momentum is confirmed by breaking below previous low • Range Breakout Detection: ▶ Potential trend formation signals when breaking upper/lower boundaries in a ranging market ■ Trading Strategy Application • Trend Following Strategy: ▶ Consider buy entry when bullish reversal signal occurs ▶ Consider sell entry when bearish reversal signal occurs • Reversal Trading: ▶ Signals occurring at support/resistance levels provide high-probability entry points ▶ Reversal signals in overbought/oversold conditions strengthen trend reversal possibility • Risk Management: ▶ Consider closing or reducing positions when opposite signals occur ▶ Set precise stop-loss points by combining with key technical levels ───────────────────────────────────── ◆ Advanced Setting Options ■ Tracking Period (N-day) Adjustment • Short-term Setting: 10-15 days (sensitive signals, quick reaction, suitable for short-term trading) • Medium-term Setting: 20-30 days (balanced signals, general trend detection, recommended default) • Long-term Setting: 40-50 days (strong filtering, detects only major trend reversals, suitable for long-term investment) ■ Timeframe Optimization • Daily Chart: 20-30 day setting (medium-term trend change detection) • 4-Hour Chart: 30-40 setting (short-term swing trading signals) • Hourly Chart: 40-50 setting (intraday trend change detection) • Intraday Chart: 10-20 setting (scalping and short-term trading) ■ Market Type Adjustment • High Volatility Markets: Higher N values (30-50) to filter noise • Trending Markets: Medium N values (20-30) to capture only major reversals • Ranging Markets: Lower N values (10-20) to capture range-bound movements ───────────────────────────────────── ◆ Synergy with Other Indicators • Moving Averages: Signal strength enhanced when Market Structure Reversal Signals align with key moving average crossovers • RSI: Market Structure Reversal Signals occurring at overbought/oversold levels increase reversal probability • Volume Indicators: Market Structure Reversal Signals accompanied by high volume enhance reliability • Fibonacci Levels: Market Structure Reversal Signals occurring at key Fibonacci levels provide important turning points • Channel Indicators: Powerful breakout confirmation when price channel upper/lower breakthroughs coincide with Market Structure Reversal Signals ───────────────────────────────────── ◆ Conclusion 52SIGNAL RECIPE Market Structure Reversal Signals objectively identifies structural changes in the market and clearly visualizes potential trend reversal points. Its simple yet powerful approach of detecting directional changes through recent N-day high/low breakouts provides flexibility applicable to various market environments and trading styles. The duplicate signal prevention mechanism and confirmed bar-based signal generation greatly enhance signal quality and reliability. When combined with other technical indicators, synergy effects can be maximized, providing traders with a valuable tool to capture market turning points early. ───────────────────────────────────── ※ Disclaimer: Past performance does not guarantee future results. Always use appropriate risk management strategies. ═══ 52SIGNAL RECIPE Market Structure Reversal Signals ═══ ◆ 개요 52SIGNAL RECIPE Market Structure Reversal Signals는 가격 차트의 구조적 변화를 감지하여 잠재적인 추세 반전을 식별하는 기술적 지표입니다. 이 지표는 최근 N일 동안의 고점과 저점을 추적하여 의미 있는 가격 돌파가 발생할 때 명확한 시각적 신호를 제공함으로써, 트레이더가 시장의 방향성 변화를 조기에 포착할 수 있도록 도와줍니다. ───────────────────────────────────── ◆ 주요 특징 • 구조적 반전 탐지: 가격이 최근 N일 고점/저점을 돌파할 때 잠재적 추세 변화 신호 제공 • 중복 신호 방지: 동일한 방향의 신호가 연속으로 반복되지 않도록 필터링 • 직관적인 시각화: 상승/하락 반전 신호를 차트 상에서 색상과 위치로 명확히 구분 • 확정 봉 기반: 봉이 완전히 종료된 후에만 신호 생성하여 신뢰도 향상 • 사용자 정의 설정: 추적 기간을 조정하여 다양한 시장 환경과 타임프레임에 최적화 가능 ───────────────────────────────────── ◆ 기술적 기반 ■ 시장 구조 분석 원리 • 고점/저점 추적: 지정된 기간 동안의 이전 고점(LH)과 저점(HL) 식별 • 구조적 돌파: 종가가 이전 고점을 상향 돌파하거나 이전 저점을 하향 돌파할 때 구조적 변화로 해석 • 확정 봉 검증: 현재 봉이 완전히 종료된 후에만 신호 생성하여 오신호 최소화 ■ 신호 필터링 메커니즘 • 신호 상태 저장: 마지막 생성된 신호의 방향을 추적하여 동일 방향 신호 중복 방지 • 방향성 전환 초점: 반대 방향 신호가 발생할 때까지 동일 방향 신호 억제 • 노이즈 감소: 중요 수준 돌파에만 집중하여 불필요한 신호 제거 ───────────────────────────────────── ◆ 실용적 응용 ■ 추세 전환점 식별 • 상승 추세 시작점: ▶ 하락 추세 후 상승 반전 신호 발생 시 ▶ 이전 고점 돌파로 상승 모멘텀 확인 시 • 하락 추세 시작점: ▶ 상승 추세 후 하락 반전 신호 발생 시 ▶ 이전 저점 이탈로 하락 모멘텀 확인 시 • 범위 돌파 감지: ▶ 횡보 시장에서 상/하 경계 돌파 시 잠재적 추세 형성 신호 ■ 트레이딩 전략 적용 • 추세 추종 전략: ▶ 상승 반전 신호 발생 시 매수 진입 고려 ▶ 하락 반전 신호 발생 시 매도 진입 고려 • 반전 트레이딩: ▶ 지지/저항 수준에서 반전 신호 발생 시 높은 확률의 진입점 제공 ▶ 과매수/과매도 상태에서의 반전 신호는 추세 전환 가능성 강화 • 리스크 관리: ▶ 반대 방향 신호 발생 시 포지션 종료 또는 축소 고려 ▶ 주요 기술적 수준과 결합하여 정밀한 손절점 설정 가능 ───────────────────────────────────── ◆ 고급 설정 옵션 ■ 추적 기간(N일) 조정 • 단기 설정: 10-15일 (민감한 신호, 빠른 반응, 단기 트레이딩에 적합) • 중기 설정: 20-30일 (균형 잡힌 신호, 일반적 추세 감지, 기본 권장) • 장기 설정: 40-50일 (강한 필터링, 주요 추세 전환만 감지, 장기 투자에 적합) ■ 타임프레임별 최적화 • 일봉 차트: 20-30일 설정 (중기 추세 변화 감지) • 4시간 차트: 30-40 설정 (단기 스윙 트레이딩 신호) • 시간봉 차트: 40-50 설정 (일중 추세 변화 감지) • 일중 차트: 10-20 설정 (스캘핑 및 단기 거래) ■ 시장 유형별 조정 • 변동성 높은 시장: 높은 N값 (30-50) 설정으로 노이즈 필터링 • 추세 시장: 중간 N값 (20-30) 설정으로 주요 반전만 포착 • 횡보 시장: 낮은 N값 (10-20) 설정으로 범위 내 움직임 포착 ───────────────────────────────────── ◆ 다른 지표와의 시너지 • 이동평균선: Market Structure Reversal Signals 신호와 주요 이동평균선 교차 지점이 일치할 때 신호 강화 • RSI: 과매수/과매도 수준에서의 Market Structure Reversal Signals 신호는 반전 가능성 높임 • 볼륨 지표: 높은 볼륨과 함께 발생하는 Market Structure Reversal Signals 신호는 신뢰도 향상 • 피보나치 레벨: 주요 피보나치 레벨에서 발생하는 Market Structure Reversal Signals 신호는 중요한 전환점 제공 • 채널 지표: 가격 채널의 상단/하단 돌파와 Market Structure Reversal Signals 신호 일치 시 강력한 돌파 확인 ───────────────────────────────────── ◆ 결론 52SIGNAL RECIPE Market Structure Reversal Signals는 시장의 구조적 변화를 객관적으로 식별하여 잠재적인 추세 전환점을 명확하게 시각화합니다. 최근 N일 고점/저점 돌파를 통해 방향성 변화를 감지하는 단순하면서도 강력한 접근 방식은 다양한 시장 환경과 트레이딩 스타일에 적용할 수 있는 유연성을 제공합니다. 중복 신호 방지 메커니즘과 확정 봉 기반 신호 생성은 신호의 품질과 신뢰성을 크게 향상시킵니다. 다른 기술적 지표와 결합하여 사용할 때 시너지 효과를 극대화할 수 있으며, 트레이더에게 시장의 전환점을 조기에 포착할 수 있는 귀중한 도구를 제공합니다. ───────────────────────────────────── ※ 면책 조항: 과거 성과가 미래 결과를 보장하지 않습니다. 항상 적절한 리스크 관리 전략을 사용하세요.
Pine Script® indicator
by five2ventures
TripleTrend with RSI ReversalTripleTrend with RSI Reversal The TripleTrend with RSI Reversal indicator is a comprehensive trading tool designed to identify trend direction, potential trend reversals, and trade entry/exit signals. It combines three independent SuperTrend indicators with varying sensitivities to provide a multi-layered view of the market trend. Additionally, it incorporates an RSI (Relative Strength Index) module to detect potential price reversals based on overbought/oversold conditions and to filter trend flip signals. This indicator aims to provide clear visual cues on the chart, including trend lines, trend flip labels, and RSI-based reversal warnings, helping traders make more informed decisions. Key Features Triple SuperTrend Analysis Utilizes three configurable SuperTrend lines, each with its own ATR period and multiplier, allowing for a nuanced view of short, medium, and long-term trends. RSI Reversal Signals Identifies potential market turning points when the RSI deeply penetrates overbought or oversold zones, plotting distinct visual cues and labels. Trend Flip Labels Displays labels on the chart when one, two, or all three SuperTrends change direction simultaneously, indicating the strength of the new trend. These labels also include the current RSI value. Customizable RSI Filtering Offers an option to filter out trend flip labels when the RSI is within a user-defined neutral range, reducing signals in choppy market conditions. Configurable Alerts Provides various alert conditions for trend flips and signal confirmations. How It Works SuperTrend Calculation: - The indicator plots three separate SuperTrend lines. Each SuperTrend is calculated using an Average True Range (ATR) period and a multiplier. - A SuperTrend line below the price indicates an uptrend (typically colored green). - A SuperTrend line above the price indicates a downtrend (typically colored red). - The sensitivity of each SuperTrend can be adjusted independently. RSI Reversal Detection: - A standard RSI is calculated. - The indicator monitors if the RSI moves significantly beyond the user-defined Upper Threshold (overbought) or Lower Threshold (oversold). - The depth of this penetration is measured as a percentage. If this percentage exceeds the Upper reversal range percent trigger (for overbought) or Lower reversal range percent trigger (for oversold), a blue line is plotted above the high (for potential bearish reversal) or below the low (for potential bullish reversal) of the signal candle. - A "REV" label appears at the start of this blue line, showing the penetration percentage and the current RSI value. Trend Flip Labels: - When one or more SuperTrends flip direction, the indicator checks RSI conditions. - For buy signals (trend flips upwards), labels appear if the RSI is below the RSI Upper threshold (i.e., not extremely overbought). - For sell signals (trend flips downwards), labels appear if the RSI is above the RSI Lower threshold (i.e., not extremely oversold). - Labels indicate which SuperTrend(s) flipped ("1", "2", "3", "1 2", etc.) and the current RSI value. - An optional Custom RSI Filter can be enabled. If active, trend flip labels will not be shown if the RSI value is between the Custom RSI filter high limit and Custom RSI filter low limit, helping to avoid signals during market indecision. Usage Guide Interpreting SuperTrend Lines: - The three SuperTrend lines act as dynamic levels of support (in an uptrend) or resistance (in a downtrend). - A break of a SuperTrend line by the price suggests a potential change in that specific trend's direction. - Confluence of trends (e.g., all three lines indicating an uptrend) suggests a stronger overall trend. Trend Flip Labels: - Single Trend Flip Labels ("1", "2", or "3"): Indicate an early change in one of the SuperTrends. These can be used for more aggressive entries or to signal a potential shift in momentum. The label includes the RSI value at the time of the flip. - Double Trend Flip Labels ("1 2", "1 3", "2 3"): Offer stronger confirmation as two SuperTrends align in a new direction. - Triple Trend Flip Labels ("1 2 3"): Represent the strongest trend confirmation, as all three SuperTrends have flipped simultaneously. - Green labels suggest buy signals; red labels suggest sell signals. - Always consider the accompanying RSI value on the label and the overall market context. RSI Reversal Signals (Blue Lines & "REV" Labels): - REV is for Reverse - A blue line appearing above the price with a "REV" label suggests the RSI is deeply overbought, indicating potential uptrend exhaustion or a bearish reversal. - A blue line appearing below the price with a "REV" label suggests the RSI is deeply oversold, indicating potential downtrend exhaustion or a bullish reversal. - These are counter-trend signals and should be used with caution, preferably with confirmation from other indicators or price action. They can also serve as warnings to take profit on existing trend-following trades. - Trend flip labels are suppressed when an RSI Reversal line is active, prioritizing the exhaustion signal. Combining Signals: - Look for trend flip labels (especially double or triple) that align with the broader market structure and occur when the RSI is not in extreme territory (as per label logic). - Use RSI Reversal signals as potential early warnings of a trend ending or for high-probability counter-trend setups if strongly supported by other factors. - If the Use custom RSI filter is enabled, be aware that trend flip labels will be hidden if the RSI is within the specified neutral zone. This can help avoid weaker signals in range-bound markets. Settings Customization Trend 1, 2, 3 Settings: - ATR Period: Adjusts the lookback period for ATR calculation. Shorter periods make the SuperTrend more sensitive to price changes. - Source: The price source used for calculations (default is hl2). - ATR Multiplier: Controls the distance of the SuperTrend line from the price. Smaller multipliers result in tighter stops and more signals; larger multipliers result in wider stops and fewer signals. - Show single/double/triple trend flip labels: Toggle visibility for these specific label types. Label settings: - Label Size: Adjusts the size of all indicator labels. - Show reversal labels: Toggles visibility for the "REV" labels associated with RSI Reversal signals. RSI Settings (Change often): - RSI Length: The lookback period for the RSI calculation. - RSI Upper threshold: The RSI level considered overbought. - RSI Lower threshold: The RSI level considered oversold. RSI Reversal detection settings: - Upper reversal range percent trigger: Percentage of penetration into the (RSI Upper Threshold to 100) zone required to trigger an upper reversal signal. Higher values mean RSI needs to be deeper into overbought. - Lower reversal range percent trigger: Percentage of penetration into the (RSI Lower Threshold to 0) zone required to trigger a lower reversal signal. Higher values mean RSI needs to be deeper into oversold. Custom RSI filter settings: - Use custom RSI filter: Enable/disable this filter for trend flip labels. - Custom RSI filter high limit: If the filter is active, no trend flip labels will show if RSI is below this value (and above the low limit). - Custom RSI filter low limit: If the filter is active, no trend flip labels will show if RSI is above this value (and below the high limit). Alerts - Individual trend flips (TripleTrend: Trend 1/2/3 flipped). - Multiple trend flips (TripleTrend: 2 Trends flipped, TripleTrend: 3 Trends flipped). - Confirmed buy/sell signals based on label logic (TripleTrend: Early/Double/Triple trend buy/sell signals). - Configure these alerts in TradingView to receive notifications for specific market events detected by the indicator. How I use TripleTrend with RSI Reversal I use it on 5, 10 and 30 minute time frames. I adjust the settings, especially the RSI thresholds for what I am trading, the day could be in the lower or upper regions of the RSI, I adjust as needed, when needed. I then use the REV (aka REVERSAL) indicators to indicate when to get out or caution me to not enter at that point. Unless I see something else which indicates otherwise. Disclaimer Trading involves substantial risk of loss and is not suitable for every investor. The TripleTrend indicator is to be used at your own risk and is only created to help you make decisions, it is not intended to make decisions for you. Past performance is not indicative of future results. Always do your own research and risk assessment before making any trading decisions. By using this indicator you use it at your own risk.
Pine Script® indicator
by darcey
HTF ReversalsHTF Reversals — Big Turtle Soup & Relief Patterns A multi-timeframe reversal indicator based on the logic of how pivots form and how true reversals begin. Designed for traders who want to catch high-probability turning points on higher timeframes, with visual clarity and actionable signals. “Reversals don’t start from nowhere — they begin with a failed expansion and a reclaim of a prior range. This script helps you spot those moments, before the crowd.” How It Works Detects High Timeframe (HTF) “CR” Candles: The script scans for large-bodied candles (“CR” candles) on higher timeframes (Monthly, Weekly, 3-Day). These candles often mark the end of a trend expansion and the start of a potential reversal zone. Looks for “Inside” Candles: After a CR candle, the script waits for a smaller “inside” candle, which signals a pause or failed continuation. The relationship between the CR and inside candle is key for identifying a possible reversal setup. Engulfing Confirmation (Optional): If the inside candle doesn’t immediately trigger a reversal, the script can wait for an engulfing move in the opposite direction, confirming the failed expansion and increasing the probability of a reversal. Entry & Target Calculation: For each valid setup, the script calculates a retracement entry (using Fibonacci levels like 0.382 or 0.618) and a logical target (usually the CR candle’s high or low). Visuals: Lines & Boxes: Each signal is marked with a horizontal line (entry) and a colored box extending from the HTF close to the entry price, visually highlighting the reversal zone for the same duration as the signal’s expected play-out. Dashboard & Alerts: A dashboard table summarizes the latest signals for each timeframe. Custom alerts notify you of new setups in real time. Why It Works Pivot Logic: Reversals often start when a strong expansion candle (pivot) is followed by a failed attempt to continue in the same direction. This script codifies that logic, looking for the “pause” after the expansion and the first sign of a reclaim. Multi-Timeframe Edge: By focusing on higher timeframes, the indicator filters out noise and highlights only the most significant reversal opportunities. Objective, Repeatable Rules: All conditions are clearly defined and repeatable, removing subjectivity from reversal trading. Visual Clarity: The combination of lines and boxes makes it easy to see where reversals are likely to start and where your risk/reward lies. How to Use Add the indicator to your chart and select your preferred timeframes (Monthly, Weekly, 3-Day). Watch for new signals on the dashboard or via alerts. Use the entry line and box as your trade zone; the target is also displayed. Combine with your own confluence (price action, volume, etc.) for best results. This indicator is best used as a framework for understanding where high-probability reversals are likely to occur, not as a standalone buy/sell tool. Always use proper risk management.
Pine Script® indicator
by mindyourbuisness
Three Bar Reversal Pattern [ActiveQuants]This indicator identifies bullish and bearish three-bar reversal patterns , offering traders a visual tool to spot potential trend reversals. By analyzing consecutive candlesticks, volume trends, and candlestick morphology, it highlights signals while filtering out false patterns. Ideal for traders using price action strategies, it simplifies pattern recognition and enhances decision-making with customizable parameters. █ KEY FEATURES Pattern Detection Logic : Bullish Reversals : Detects two consecutive bearish candles followed by a bullish candle that closes  above the open of the first bearish candle . Bearish Reversals : Identifies two consecutive bullish candles followed by a bearish candle that closes  below the open of the first bullish candle . Volume Confirmation : Filters signals using a  Volume SMA  (user-defined length) to ensure reversals occur with above-average volume, adding validity to the pattern. Candlestick Filtering : Shooting Star Filter : Discards bullish patterns if the third candle is a Shooting Star (body confined to the lower portion of the candle’s range, adjustable via  Shooting Star Body Limit ). Hammer Filter : Discards bearish patterns if the third candle is a Hammer (body confined to the upper portion of the candle’s range, adjustable via  Hammer Body Limit ). Customizable Display : Toggle visibility of bullish/bearish patterns and customize their colors. Adjust the  Show Last  parameter to limit plotted labels to recent bars. Alerts Integration : Separate Bullish/Bearish Alerts : Generate  independent alerts  for bullish and bearish patterns. Traders can selectively enable one or both alerts via TradingView’s alert system. Real-time notifications ensure you never miss a potential reversal signal. █ CONCLUSION The Three Bar Reversal Pattern Indicator streamlines the identification of reversal setups by combining candlestick patterns, volume analysis, and customizable filters. Its focus on price action dynamics makes it invaluable for traders seeking to capitalize on trend exhaustion or market sentiment shifts. █ IMPORTANT NOTES ⚠  Use with Confluence : Reversal signals should be validated with additional tools like support/resistance levels, trendlines, or momentum oscillators. ⚠  Adapt Parameters : Adjust  Volume SMA Length ,  Show Last , and body limits ( Shooting Star Body Limit and Hammer Body Limit ) to suit your timeframe and asset volatility. █ RISK DISCLAIMER Trading involves significant risk, and you may lose capital. Past performance is not indicative of future results. This tool provides informational signals only and does not constitute financial advice. Use it at your own risk and consult a qualified financial professional before making trading decisions. Incorporate this indicator into your strategy to refine reversal entries, manage risk, and align with market momentum. 📈 Happy trading! 🚀
Pine Script® indicator
by ActiveQuants
12
Trade Wave [Bluechip Algos]Trade Wave is a momentum-based indicator designed to show reversal signals. Most of the time, markets are in range bound and this indicator tries to show you the overbought and oversold zone of the time frame you select. It works well during range bound market giving you reversal signals at highs and lows of the range. One can make use of "Momentum tuning" in inputs section to pick the level of momentum aggressiveness. If value is higher, signals will be lesser and if value is low signals will be more. One can also choose different types of stop-losses and targets. Stop Loss Types: Fixed SL: Set a fixed stop loss value for consistent risk management. Dynamic SL: Adjusts with the market, providing a flexible stop loss that moves with price changes. Previous Candle SL: Stop losses based on the recent low (for sell signals) or high (for buy signals) of the last few candles. Target Types: Fixed Target: Set a fixed target value for consistent profit goals. Dynamic Target: Adjusts with market movements to maximize potential gains. Risk:Reward Target: Define targets based on SL risk:reward ratios (e.g., 1:2), allowing for personalized risk management strategies. Suggestion: It's better to take reversal confirmation from multiple time frames instead of relying on just one.
Pine Script® indicator
by BlueChip_Algos
TechniTrend: Candle Pattern Detector (CPD) v3TechniTrend: Candle Pattern Detector (CPD) The "TechniTrend: Candle Pattern Detector (CPD)" is a powerful tool designed to enhance the analysis of candlestick patterns across financial charts to understand market behavior. This indicator detects a wide range of reversal and continuation patterns, providing traders with insights into potential market movements. It incorporates dynamic filtering and customizable settings for precision in pattern recognition, allowing users to tailor the detection criteria to different trading styles. 🔷 Key Features Comprehensive Pattern Detection: Identifies numerous candlestick patterns, including bullish and bearish reversals, continuation setups, and indecision formations. Dynamic Filtering Options: Filter patterns are based on trend conditions, moving average positioning, and additional criteria to increase signal accuracy. Customizable Input Settings: Provides adjustable parameters, such as body ratios and shadow length requirements, enabling traders to fine-tune detection thresholds. Real-Time Alerts: Generates alerts when patterns are detected, ensuring traders can respond swiftly to market opportunities. Graphical Representation: Visualizes detected patterns on the chart using intuitive labels, colors, and markers, helping to identify key signals quickly. Supported Patterns The indicator covers a wide range of candlestick patterns. ❇️ 51 Candlestick Patterns 🟢 Bullish Reversal Candlestick Patterns: Bullish engulfing - Hammer - Morning star - Piercing line - Three white soldiers - Inverted hammer - Three Inside Up - Bullish Harami - Tweezer Bottom - White Marubozu - Dragonfly Doji - Three Outside Up - Bullish Counterattack Line - Bullish Abandoned Baby - Bullish Tri-Star - Hammer Doji - Morning Star Doji 🔴 Bearish Reversal Candlestick Patterns: Bearish engulfing - Shooting star - Evening star - Hanging man - Three black crows - Dark cloud cover - Hanging Man Doji - Three Inside Down - Bearish Harami - Tweezer Top - Black Marubozu - Three Outside Down - Bearish Counterattack Line - Gravestone Doji - Evening Star Doji - Bearish Abandoned Baby - Bearish Tri-Star 🟩 Bullish Continuation Candlestick Patterns: Rising Three Methods - Bullish Kicker - Mat Hold Bullish - Three Line Strike - Upside Tasuki Gap - Rising Window 🟥 Bearish Continuation Candlestick Patterns: Falling Three Methods - Bearish Kicker - Mat Hold Bearish - Three Line Strike Bearish - Downside Tasuki Gap - Falling Window - On Neck Bearish 🟡 Indecision Candlestick Patterns: Doji - Long Legged Doji - Spinning top - High Wave Usage Recommendations Optimized for Any Market: Designed for stocks, forex, cryptocurrencies, and other assets. Ideal for Multi-Timeframe Analysis: Use it across different timeframes for better market timing. Customization Options Pattern Detection Settings: Users can adjust parameters like body-to-range ratios, shadow length requirements, and gap conditions for accurate detection. Moving Average Filtering: Choose separate moving averages for reversal and continuation patterns to filter out false signals. Table Display: These tables display pattern counts, allowing traders to assess the frequency and significance of various candlestick formations quickly. Alert Configurations: Set custom alerts for specific patterns to stay informed about potential trading opportunities. Story of Candlestick Pattern: Candlestick patterns have a rich history rooted in ancient Japanese trading practices dating back to the 17th century. They were first developed by rice traders to visualize price movements and detect patterns reflecting market psychology. The logic behind candlestick patterns lies in the emotions driving market participants—fear, greed, uncertainty, and hope—captured through the open, high, low, and close prices. Each pattern tells a story about buyers' and sellers' behavior, illustrating shifts in sentiment that can signal reversals or continuations in the market trend. By recognizing these patterns, traders can anticipate potential price movements and make informed decisions. The longevity and continued relevance of candlestick analysis highlight its effectiveness in understanding market dynamics. 🔓 Unlock Access Check out the Author's Instructions or Dm me to Access the full version of the candlestick analysis with TechniTrend: Candle Pattern Detector (CPD).
Pine Script® indicator
by itsKraken
Alternative Shark Harmonic Pattern [TradingFinder] ALT Shark🔵 Introduction The Alternative Shark harmonic pattern, similar to the original Shark harmonic pattern introduced by Scott Carney, is a powerful tool in technical analysis used to identify potential reversal zones (PRZ) in financial markets. These harmonic patterns help traders spot key turning points in market trends by relying on specific Fibonacci ratios. The Alternative Shark pattern is particularly unique due to its distinct Fibonacci retracements within the PRZ, which differentiate it from the standard Shark pattern and provide traders with more precise entry and exit signals. By focusing on harmonic patterns and utilizing tools like the Harmonic Pattern Indicator, traders can easily identify both the Shark and Alternative Shark patterns, making it easier to find PRZs and capture potential trend reversals. This enhanced detection of potential reversal zones allows for better trade optimization and improved risk management. Incorporating the Alternative Shark pattern into your technical analysis strategy enables you to enhance your trading performance by identifying market reversals with greater accuracy, improving the timing of your trades, and reducing risks associated with sudden market shifts. 🟣 Understanding the Types of Alternative Shark Pattern The Alternative Shark harmonic pattern, much like the original Shark pattern, forms at the end of price trends and is divided into two types: Bullish and Bearish Alternative Shark patterns. Bullish Alternative Shark Pattern : This pattern typically forms at the end of a downtrend, signaling a potential reversal into an uptrend. Traders can use this pattern to identify buy entry points. The image below illustrates the core components of the Bullish Alternative Shark Pattern. Bearish Alternative Shark Pattern : Conversely, the Bearish Alternative Shark Pattern appears at the end of an uptrend and signals a potential reversal to a downtrend. This variation allows traders to adjust their strategies for selling. The image below outlines the characteristics of the Bearish Alternative Shark Pattern. 🟣 Differences Between Shark and Alternative Shark Patterns Although both patterns share similar structures and serve as tools for identifying price reversals, there is one key difference between them : AB to XA Ratio : In the Shark pattern, the AB leg retraces between 1 and 2 of the XA leg, whereas in the Alternative Shark pattern, this retracement is reduced to 0.382 to 0.618 of the XA leg. This difference in the retracement ratio leads to slightly different trade signals and can affect the timing of entry and exit points. Other ratios and reversal signals remain consistent between the two patterns, but this difference in the AB to XA ratio provides traders with more nuanced opportunities to optimize their trades. 🔵 How to Use 🟣 Trading with the Bullish Alternative Shark Pattern The Bullish Alternative Shark Pattern functions similarly to the traditional Bullish Shark, acting as a reversal pattern that helps traders recognize the end of a downtrend and the beginning of an uptrend. The main distinction lies in the reduced AB retracement, which can offer more refined entry signals. Once the pattern completes, traders can look to enter buy trades and place a stop-loss below the lowest point of the pattern for effective risk management. 🟣 Trading with the Bearish Alternative Shark Pattern The Bearish Alternative Shark Pattern operates much like the Bearish Shark pattern but with the adjusted AB to XA ratio. This difference provides traders with unique entry points for sell trades. Once the pattern is fully identified, traders can enter short positions, placing a stop-loss above the highest point of the pattern to safeguard against market fluctuations. 🔵 Setting 🟣 Logical Setting ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition. Show Valid Forma t: If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern. Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk. Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period. 🟣 Genaral Setting Show : Enter "On" to display the template and "Off" to not display the template. Color : Enter the desired color to draw the pattern in this parameter. LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness. LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries. 🟣 Alert Setting Alert : On / Off Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar". Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default. 🔵 Conclusion The Alternative Shark harmonic pattern, despite its structural similarity to the traditional Shark pattern, introduces a key difference in the AB to XA ratio, making it a valuable addition to the trader’s toolkit. This subtle variation enables traders to pinpoint reversal points with greater accuracy and fine-tune their trading strategies. As with any technical pattern, it is crucial to use the Alternative Shark pattern in combination with other technical indicators and strong risk management practices. Incorporating this pattern into a broader trading strategy can help traders enhance their ability to detect and capitalize on market reversals more effectively.
Pine Script® indicator
by TFlab
2
RSI Pulsar [QuantraSystems]RSI Pulsar Introduction The RSI Pulsar is an advanced and multifaceted tool designed to cater to the varying needs of traders, from long-term swing traders to higher-frequency day traders. This indicator takes the Relative Strength Index (RSI) to new heights by combining several unique methodologies to provide clear, actionable signals across different market conditions. With its ability to analyze impulsive trend strength, volatility, and binary market direction, the RSI Pulsar offers a holistic view of the market that assists traders in identifying robust signals and rotational opportunities within a volatile market. The integration of dynamic color coding further aids in quick visual assessments, allowing traders to adapt swiftly to changing market conditions, making the RSI Pulsar an essential component in the arsenal of modern traders aiming for precision and adaptability in their trading endeavors. Legend The RSI Pulsar encapsulates various modes tailored to diverse trading strategies. The different modes are the: Impulse Mode: Focuses on strong outperformance, ideal for capturing movements in highly dynamic tokens. Trend Following Mode: A classical perpetual trend-following approach and provides binary long and short signal classifications ideal for medium term swing trading. Ribbon Mode: Offers quicker signals that are also binary in nature. Perfect for a confirmation signal when building higher frequency day trading systems. Volatility Spectrum: This feature projects a visual 'cloud' representing volatility, which helps traders spot emerging trends and potential breakouts or reversals. Compressed Mode: A condensed view that displays all signals in a clean and space-efficient manner. It provides a clear summary of market conditions, ideal for traders who prefer a simplified overview. Methodology The RSI Pulsar is built on a foundation of dynamic RSI analysis, where the traditional RSI is enhanced with advanced moving averages and standard deviation calculations. Each mode within the RSI Pulsar is designed to cater to specific aspects of the market's behavior, making it a versatile tool allowing traders to select different modes based on their trading style and market conditions. Impulse Mode: This mode identifies strong outperformance in assets, making it ideal for asset rotation systems. It uses a combination of RSI thresholds and dynamic moving averages to pinpoint when an asset is not just trending positively, but doing so with significant strength. This is in contrast to typical usage of a base RSI, where elevated levels usually signal overbought and oversold periods. The RSI Pulsar flips this logic, where more extreme values are actually interpreted as a strong trend. Trend Following Mode: Here, the RSI is compared to the midline (the default is level 50, but a dynamic midline can also be set), to determine the prevailing trend. This mode simplifies the trend-following process, providing clear bullish or bearish signals based on whether the RSI is above or below the midline - whether a fixed or dynamic level. Ribbon Mode: This mode employs a series of calculated values derived from modified Heikin-Ashi smoothing to create a "ribbon" that smooths out price action and highlights underlying trends. The Ribbon Mode is particularly useful for traders who need quick confirmations of trend reversals or continuations. Volatility Spectrum: The Volatility Spectrum takes a unique approach to measuring market volatility by analyzing the size and direction of Heikin-Ashi candles. This data is used to create a volatility cloud that helps traders identify when volatility is rising, falling, or neutral - allowing them to adjust their strategies accordingly. When the signal line breaks above the cloud, it signals increasing upwards volatility. When it breaks below it signifies increasing downwards volatility. This can be used to help identify strengthening and weakening trends, as well as imminent volatile periods, allowing traders to position themselves and adapt their strategies accordingly. This mode also works as a great volatility filter for shorter term day trading strategies. It is incredibly sensitive to volatility divergences, and can give additional insights to larger market turning points. Compressed Mode: In Compressed Mode, all the signals from the various modes are displayed in a simplified format, making it easy for traders to quickly assess the market's overall condition without needing to delve into the details of each mode individually. Perfect for only viewing the exact data you need when live trading, or back testing. Case Study I: Utilizing ALMA Impulse Mode in High-Volatility Environments Here, the RSI Pulsar is configured with an RSI length of 9 and an ALMA length of 2 in Impulse Mode. The chart example shows how this setup can identify significant price movements, allowing traders to enter positions early and capture substantial price moves. Despite the fast settings resulting in occasional false signals, the indicator's ability to catch and ride out major trends more than compensates, making it highly effective in volatile environments. This configuration is suitable for traders seeking to trade quick, aggressive movements without enduring prolonged drawdowns. In Impulse Mode, the RSI Pulsar seeks strong trending zones, providing actionable signals that allow for timely entries and exits. Case Study II: SMMA Trend Following Mode for Ratio Analysis The RSI Pulsar in Trend Following mode, configured with the SMMA with default length settings. This setup is ideal for analyzing longer-term trends, particularly useful in cryptocurrency pairs or ratio charts, where it’s crucial to identify robust directional moves. The chart showcases strong trends in the Solana/Ethereum pair. The RSI Pulsar’s ability to smooth out price action while remaining responsive to trend changes makes it an excellent tool for capturing extended price moves. The image highlights how the RSI Pulsar efficiently tracks the strength of two tokens against each other, providing clear signals when one asset begins to outperform the other. Even in volatile markets, the SMMA ensures that the signals are reliable, filtering out noise and allowing traders to stay in the trend longer without being shaken out by minor corrections. This approach is particularly effective in ratio trading in order to inform a longer term swing trader of the strongest asset out of a customized pair. Case Study III: Monthly Analysis with RSI Pulsar in Ribbon Mode This case study demonstrates the versatility and reliability of the RSI Pulsar in Ribbon mode, applied to a monthly chart of Bitcoin with an RSI length of 8 and a TEMA length of 14. This setup highlights the indicator’s robustness across multiple timeframes, extending even to long-term analysis. The RSI Pulsar effectively smooths out noise while capturing significant trends, as seen during Bitcoin bull markets. The Ribbon mode provides a clear visual representation of momentum shifts, making it easier for traders to identify trend continuations and reversals with confidence. Case Study IV: Divergences and Continuations with the Volatility Spectrum Identifying harmony/divergences can be hit-or-miss at times, but this unique analysis method definitely has its merits at times. The RSI Pulsar, with its Volatility Spectrum feature, is used here to identify critical moments where price action either aligns with or diverges from the underlying volatility. As seen in the Bitcoin chart (using default settings), the indicator highlights areas where price trends either continue in harmony with volatility or diverge, signaling potential reversals. This method, while not always perfect, provides significant insight during key turning points in the market. The Volatility Spectrum's visual representation of rising and falling volatility, combined with divergence and harmony analysis, enables traders to anticipate significant shifts in market dynamics. In this case, multiple divergences correctly identified early trend reversals, while periods of harmony indicated strong trend continuations. While this method requires careful interpretation, especially during complex market conditions, it offers valuable signals that can be pivotal in making informed trading decisions, especially if combined with other forms of analysis it can form a critical component of an investing system.
Pine Script® indicator
by QuantraSystems
1
Cypher Harmonic Pattern [TradingFinder] Cypher Pattern Detector🔵 Introduction The Cypher Pattern is one of the most accurate and advanced harmonic patterns, introduced by Darren Oglesbee. The Cypher pattern, utilizing Fibonacci ratios and geometric price analysis, helps traders identify price reversal points with high precision. This pattern consists of five key points (X, A, B, C, and D), each playing an important role in determining entry and exit points in the financial markets. The reversal point typically occurs in the XD region, with the Fibonacci ratio ranging between 0.768 and 0.886. This zone is referred to as the Potential Reversal Zone (PRZ), where traders anticipate price changes to occur. The Cypher harmonic pattern is popular among professional traders due to its high accuracy in identifying market trends and reversal points. The pattern appears in two forms: bullish Cypher pattern and bearish Cypher pattern. In the bullish Cypher pattern, after a price correction, the price moves upward, while in the bearish Cypher pattern, the price moves downward after a temporary increase. These patterns help traders use technical analysis to identify strong reversal points in the PRZ and execute more optimal trades. Bullish Cypher Pattern : Bearish Cypher Pattern : 🔵 How to Use The Cypher pattern is one of the most complex and precise harmonic patterns, leveraging Fibonacci ratios to help traders identify price reversals. This pattern is comprised of five key points, each playing a critical role in determining entry and exit points. The Cypher pattern appears in two main types : Bullish Cypher pattern : This pattern appears as an M shape on the chart and indicates a trend reversal to the upside after a price correction. Traders can prepare for buying after identifying this pattern in technical analysis. Bearish Cypher pattern : This pattern appears as a W shape and signals the start of a downtrend after a temporary price increase. Traders can use this pattern to enter short positions. 🟣 How to Identify the Cypher Pattern on a Chart Identifying the Cypher pattern requires precision and the use of advanced technical analysis tools. The pattern consists of four main legs, each identified using Fibonacci ratios and geometric analysis. To spot the Cypher pattern on a chart, first, identify the five key points : X, A, B, C, and D. XA leg : The initial move from point X to A. AB leg : The first correction after the XA move, where the price moves to point B. BC leg : After the correction, the price moves upwards to point C. CD leg : The final price move that reaches point D, where a price reversal is expected. In a bullish Cypher pattern, point D indicates the start of a new uptrend, while in a bearish Cypher pattern, point D signals the beginning of a downtrend. Correctly identifying these points helps traders determine the best time to enter a trade. 🟣 How to Trade Using the Cypher Pattern Once the Cypher pattern is identified on the chart, traders can use it to set entry and exit points. Point D is the key point for trade entry. In the bullish Cypher pattern, the trader can enter a long position after point D forms, while in the bearish Cypher pattern, point D serves as the ideal point for entering a short position. 🟣 Entering a Buy Trade with the Bullish Cypher Pattern In a bullish Cypher pattern, traders wait for the price to reach point D, after which they can enter a buy position. At this point, the price is expected to start rising. 🟣 Entering a Sell Trade with the Bearish Cypher Pattern In a bearish Cypher pattern, the trader enters a sell position at point D, expecting the price to move downward after reaching this point. For additional confirmation, traders can use technical indicators such as RSI or MACD. 🟣 Risk Management in Cypher Pattern Trades Risk management is one of the most critical aspects of any trade, and this holds true for trading the Cypher pattern. Traders should always use stop-loss orders to prevent larger losses in case the pattern fails. In the bullish Cypher pattern, the stop-loss is usually placed slightly below point D to exit the trade if the price continues to drop. In the bearish Cypher pattern, the stop-loss is placed above point D to limit losses if the price rises unexpectedly. 🟣 Combining the Cypher Pattern with Other Technical Tools The Cypher pattern is a powerful tool in technical analysis, but combining it with other methods such as price action and technical indicators can improve trading accuracy. 🟣 Combining with Price Action Traders can use price action to confirm the Cypher pattern. Candlestick patterns like reversal candlesticks can provide additional confirmation for price reversals at point D. 🟣 Using Technical Indicators Incorporating technical indicators such as RSI and MACD can also help traders receive stronger signals for entering trades based on the Cypher pattern. These indicators help identify overbought or oversold conditions, allowing traders to make more informed decisions. 🟣 Advantages and Disadvantages of the Cypher Pattern in Technical Analysis Advantages : High accuracy : The Cypher pattern, using Fibonacci ratios and geometric analysis, provides high precision in identifying reversal points. Applicable in various markets : This pattern can be used in a wide range of financial markets, including forex, stocks, and cryptocurrencies. Disadvantages : Rarit y: The Cypher pattern appears less frequently on charts compared to other harmonic patterns. Complexity : Accurately identifying this pattern requires significant experience, which may be challenging for novice traders. 🔵 Setting 🟣 Logical Setting ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition. Show Valid Forma t: If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern. Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk. Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period. 🟣 Genaral Setting Show : Enter "On" to display the template and "Off" to not display the template. Color : Enter the desired color to draw the pattern in this parameter. LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness. LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries. 🟣 Alert Setting Alert : On / Off Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar". Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default. 🔵 Conclusion The Cypher harmonic pattern is one of the most powerful and accurate patterns used in technical analysis. Its high precision in identifying price reversal points, particularly within the Potential Reversal Zone (PRZ), has made it a popular tool among professional traders. The PRZ, located between the Fibonacci ratios of 0.768 and 0.886 in the XD region, offers traders a clear indication of where price reversals are likely to occur. However, to use this pattern successfully, traders must employ proper risk management and combine it with supplementary tools like technical indicators and price action. By understanding how to utilize the PRZ, traders can enhance the accuracy of their trade entries and exits. Ultimately, the Cypher pattern, when used in conjunction with the PRZ, helps traders make more precise decisions in the financial markets, leading to more successful and well-informed trades.
Pine Script® indicator
by TFlab
1
FloWave Oscillator [StabTrading]The FloWave Oscillator is a powerful trading tool designed to identify market trends and reversals by analysing reversal zones based on momentum and fear algorithms. Serving as the first stage in a comprehensive trading system, it is intentionally straightforward, allowing traders to clearly see potential entry points across all charts and timeframes. By inputting their own market sentiment, traders can customize the algorithm to align with their trading style. This flexibility helps traders navigate complex market environments with greater precision, whether they are seeking to capitalize on short-term opportunities or ride longer-term trends. 💡 Features Reversal Zones - The FloWave Oscillator identifies key reversal zones driven by momentum and fear dynamics. Lighter green zones signal the initial stages of a potential reversal, while darker green zones indicate that a trend flip is imminent. Trading Style Customization - The indicator allows traders to adjust their trading style with sensitivity settings ranging from Very Aggressive to Very Conservative. This flexibility lets traders tailor the indicator to their preferred time horizon—whether they seek to scalp short-term opportunities or capture long-term reversals. 🔥 Sensitivity Settings Very Aggressive/Aggressive - These settings increase the indicator's sensitivity, generating more frequent signals, ideal for traders focused on short-term gains or those navigating choppy markets. Neutral - Offers a balanced approach, combining both aggressive and conservative elements. It's a starting point for traders to evaluate performance before adjusting to more specific styles. Conservative/Very Conservative - These settings reduce signal frequency, focusing on stronger, more reliable reversals. Best suited for long-term traders aiming to minimize risk and avoid premature market entries or exits. 🛠️ Usage/Practice In the above example we’ll analysis how the indicator accurately predicts both the tops and bottoms of a market cycle. Top of the Bull Market - The trendline initially shows two light red reversal zones, signalling a potential weakening in the upward momentum. As the trend progresses, a dark red zone emerges, confirming that a more substantial trend reversal to the downside is likely. This sequence provides an early warning, allowing traders to prepare for a possible market shift. First Bull Signal - In the following phase, the indicator mirrors the previous action but in the opposite direction, identifying a reversal towards the upside. This behaviour demonstrates the indicator's ability to adapt to changing market conditions. Bottom of the Bear Market - As the market continues its downward trajectory, the indicator presents two dark green reversal zones, highlighting areas where the selling pressure may be easing. These dark green zones offer three distinct opportunities to dollar-cost average (DCA) into the asset, allowing traders to build or enhance their positions during the end of the bear cycle. The indicator’s sensitivity in this phase ensures that traders can navigate the bearish market with confidence. Continuation of Bull Cycle - In this segment, the indicator does not display any dark green reversal zones, implying that the uptrend remains robust. The absence of these zones suggests that the upward momentum is likely to continue, providing traders with another opportunity to add to their long positions. This scenario underscores the indicator’s capacity to identify when a trend is strong enough to warrant additional investment. Potential Correction in an Uptrend - A light red zone appears, signalling a possible correction within the ongoing uptrend. However, the absence of a dark red zone indicates that the correction may be minor and that the overall trend is still upward. Traders might view this as a conservative point to take some profits off the table, managing risk while staying aligned with the broader bull market. Bearish Signal - Eventually, a dark red reversal zone emerges, indicating that the trend has lost its upward momentum. This signal serves as a strong indicator that the uptrend may be concluding, prompting traders to consider exiting their positions or taking a more defensive stance. As the market enters a sideways phase, the trader can switch to a more aggressive trading style, seeking opportunities to scalp within the range while navigating the flat market conditions. In this example, we demonstrate how to identify scalp trading opportunities by combining the Very Conservative and Very Aggressive settings. The key strategy is to use the Very Conservative trend to confirm the validity of reversal zones identified by the Very Aggressive setting. The VC trend doesn’t indicate a buy reversal zone, but it shows an upward divergence. This suggests that the reversal buy zone on the VA chart is a potential entry point due to the supportive VC trend. Multiple sell zones appear on the VA chart, but the VC trend shows a strong and steady uptrend. This suggests that we should wait for confirmation from the VC trend before considering a sell position, as the market is still moving upward strongly. The VA chart shows several buy zones, but the VC trend indicates a strong downtrend, and no buy zone appears on the conservative setting. This suggests waiting for the next VA buy zone, confirmed by an upward divergence on the VC trend, before entering a trade. Similar to Point 3 but in the opposite direction, the VA chart shows sell zones, but the VC trend indicates caution. The strategy would be to wait for confirmation from the VC trend before making a move. 🔶Conclusion When used in conjunction with other indicators like the MeanRevert Matrix, the FloWave Oscillator becomes an integral part of a comprehensive trading system. It helps traders make informed decisions by providing clear signals that are aligned with the current market sentiment and broader economic trends. By following the implementation guidelines and adjusting the indicator settings as market conditions change, traders can effectively enhance their trading performance.
Pine Script® indicator
by StabTrading
1
Hullinger Percentile Oscillator [AlgoAlpha]🚀 Introducing the Hullinger Percentile Oscillator by AlgoAlpha! 🚀 This versatile Pine Script™ indicator is designed to help you identify swing trends and potential reversals with precision. Whether you're looking to catch market swings or spot divergences, the Hullinger Percentile Oscillator offers a comprehensive suite of features to enhance your trading strategy. Key Features 🎯 Customizable Hullinger Settings: Adjust the main length, source, and standard deviation multipliers to fine-tune the indicator to your preferred trading style. 🔄 Dynamic Oscillator Modes: Switch between "Swing" mode for trend identification and "Contrarian" mode for reversal spotting, adapting the indicator to your market view. 📉 Divergence Detection: The indicator includes parameters to control the sensitivity and confirmation of divergence signals, helping to filter out noise and highlight significant market moves. 🌈 Color-Coded Visuals: Easily distinguish between bullish and bearish signals with customizable color settings for a clear visual representation on your chart. 🔔 Alert Integration: Stay ahead of the market with built-in alerts for key conditions, including strong and weak reversals, as well as bullish and bearish swings. Quick Guide to Using the Hullinger Percentile Oscillator Maximize your trading edge with the Hullinger Percentile Oscillator by following these steps! 📈✨ 🛠 Add the Indicator: Add the indicator to favorites by pressing the star icon ⭐. Customize settings like Main Length, Oscillator Mode, and Appearance to fit your trading needs. 📊 Market Analysis: Use "Swing" mode to track trends and "Contrarian" mode to spot reversals. Watch for divergence signals to catch potential trend changes. 🔔 Alerts: Set up alerts to be notified of significant market movements without constantly monitoring your chart. How It Works The Hullinger Percentile Oscillator calculates its signals by applying a modified standard deviation approach to the Hull Moving Average (HMA) of a selected price source. It creates both inner and outer bands based on different multipliers. The oscillator then measures the position of the price relative to these bands, smoothing the result for swing trend detection. Depending on the chosen mode, the oscillator either highlights swing trends or potential reversals. Divergences are detected by comparing recent pivot highs and lows in both price and the oscillator, allowing you to spot bullish or bearish divergence setups. Alerts are triggered based on key crossovers or when specific conditions are met, ensuring that you are always informed of crucial market developments.
Pine Script® indicator
by AlgoAlpha
Donchian Trend Ranges [AlgoAlpha]🚀🔗 Donchian Trend Ranges 🔗🚀 Elevate your trading game with the Donchian Trend Ranges indicator from AlgoAlpha! 🌟📈 This advanced tool helps you visualize market trends and potential reversal points using Donchian channels, volatility measures, and average true range (ATR). Key Features ⚙️ Customizable Parameters: Adjust the lookback period and range multiplier to fit your trading style. 🎨 Color-Coded Trends: Easily distinguish between uptrends and downtrends with customizable colors. 📊 Dynamic Channels: Visualize multiple dynamic channels based on Donchian ranges and volatility. ☁️ Trend Clouds: See market strength and weakness with upper and lower trend clouds. 🔔 Signal Alerts: Get notified of potential trend shifts and take profit points. How to Use 🛠 Add the Indicator: Add the indicator to favorites. Customize settings such as the lookback period and range multiplier to match your trading needs. 🔍 Analyze Trends: The indicator calculates the highest and lowest prices over a specified period to create dynamic channels. It then uses standard deviation and ATR to adjust these channels for market volatility, plotting upper and lower ranges. Green bars indicate an up trend and red bars for a down trend. 🔔 Set Alerts: Enable notifications for bullish and bearish trend shifts, as well as weak and strong take profit points, ensuring you never miss an opportunity. How it Works The Donchian Trend Ranges indicator calculates the highest and lowest prices over a specified period to create a basis line. It creates a range around the basis based on standard deviations and the clouds' width is determined by a 14 period ATR. The basis line and bar colors changes based on whether the closing price is above or below it, indicating trends. Clouds around these lines represent market reversal zones that can be used as entry levels when used in confluence with momentum indicators, visual signals ("X" and "◆") marking strong and weak take profit points are also printed when the prices revert from the clouds towards the basis. Integrated alerts notify you of significant events like trend shifts and take profit signals, keeping you informed without constant monitoring. Unleash the power of the Donchian Trend Ranges in your trading strategy! 🌐📈✨
Pine Script® indicator
by AlgoAlpha
7
JK EMA-WMA ADX Strategy with RSI Reversals and Chandelier ExitThis Pine script is a comprehensive trading strategy indicator for TradingView that combines three different technical analysis techniques: the Modified EMA-WMA ADX Trading Strategy, RSI Reversals, and the Chandelier Exit strategy. Here's a breakdown of what the script does: Inputs: The script starts by defining several user inputs that allow traders to customize various parameters such as the lengths for EMA, WMA, ADX, RSI, and Chandelier Exit calculations, as well as thresholds for ADX, bullish/bearish RSI levels, and visual options like showing labels and highlighting the current trading state. EMA-WMA ADX Strategy: The script calculates the Exponential Moving Average (EMA), Weighted Moving Average (WMA), and Average Directional Index (ADX) using the user-defined input lengths. It then determines buy and sell signals based on the crossover/crossunder of the EMA and WMA, combined with conditions on the ADX value and its rising/falling state. RSI Reversals: The Relative Strength Index (RSI) is calculated, and its slope is determined over a specified number of periods. Bullish and bearish reversals are identified based on the RSI crossing the user-defined bullish and bearish levels, combined with the slope condition. Chandelier Exit: The script implements the Chandelier Exit strategy, which involves calculating an Average True Range (ATR) channel based on the highest high and lowest low over a specified period, multiplied by a user-defined multiplier. The channel lines are plotted, and buy/sell signals are generated when the price crosses these lines, indicating a potential trend change. Plotting: The script plots the EMA, WMA, buy/sell signals for the EMA-WMA ADX strategy, bullish/bearish reversal signals for RSI, and the Chandelier Exit channel lines. It also includes options to show buy/sell labels and highlight the current trading state with colored areas. Alerts: The script can generate alerts for various conditions, including Chandelier Exit direction changes, buy/sell signals for the Chandelier Exit, and combined buy/sell signals from the EMA-WMA ADX strategy. Overall, this script aims to provide a comprehensive trading strategy by combining multiple technical analysis techniques and allowing traders to customize various parameters. It can be used as a standalone strategy or as a starting point for further customization and experimentation.
Pine Script® indicator
by johnmuchirim
5
SpiceIn the chart photo is a description for each shape and letter, saying what each one is. BB, Reversals are off by default. BB + Reversals + Next bar confirmation - The way this should be used is by waiting for a 1 or 2 bar confirmation closed above/below the high/low of the Reversal candle. So if its a Top R, a yellow box will print as a confirmed 1 bar if it closed below the top R's low, then you can wait for the second bar to close also below the Top R's low. Vice versa with the Bot R. RSI arrows - Essentially showing you when the multi time frame RSIs are coming back up above 30, or below 70. Respective to what time frames you have selected. Three Line Strike - A trend continuation candlestick pattern consisting of four candles Leledc Exhaustion suggest the trend may be reversing. Combined with the moving average as a trend filter, the indicator can signal the end of a pull back and the continuation of the trend. EMAs - Help measuring the trend direction over a period of time. Credit to all these amazing creators - Multi Timeframe RSI (LTF) by @millerrh 3 Line Strike by @Lij_MC 'MarketVision A' Leledc Exhaustion by @glaz, used updated version by @Joy_Bangla If anyone uses the BB reversals source code to put into their own indicator/strategy, you are free to do so. Just send me a message I'd love to see your work with it! :) Thanks to Lij_MC's MarketVision A indicator for inspiring me to add more features. At first it was just the RSI Arrows and the BB reversals candles + Condition but then I found MarketVision A and loved the extra Leledc and 3 Line Strike features. Hope you enjoy this Spice! No Signal is 100% correct at what it's trying to do. Use caution when trading! Practice Risk Management.
Pine Script® indicator
by Crypto_Chili_
19
Trend & Contrarian (Expo)Trend & Contrarian (Expo) is a powerful trend tool with adaptive contrarian- signals. A strong trend is displayed by the background color and the unique Trend dots/line can be used to confirm a strong trend or to identify early trend reversals. The contrarian-signals are adapting dynamically to price moves and should be used as 'preparation' or 'warning' prior to trigger, should be confirmed by a trend reversals signal or by other indicators. The contrarian signals should only be used if the user fully understands how they work, please test the feature before entering a trade based on it. However, these signals can be very valuable if used correctly. Green background color ➞ Strong Positive Trend Red background color ➞ Strong Negative Trend No background color? ➞ No strong trend. The Trend Dots/line determine the trend HOW TO USE Identify strong trends Identify trend reversals Identify contrarian signals INDICATOR IN ACTION 4-hour chart I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks! I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments! ----------------- Disclaimer Copyright by Zeiierman. The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My scripts/indicators/strategies/ideas are only for educational purposes! ACCESS THE INDICATOR • Contact me on TradingView or use the links below
Pine Script® indicator
by Zeiierman
33
Tonislonis ReversalsHello, so this is one of my so called "algos", which I crafted to give me indication of one certain pattern happening. I saw that this "pattern" had some pretty nice returns, if you use it on daily chart on big cap stocks and mix it with order flow or unusual option activity (sweeps). Best entries happen when the yellow triangle appears little bit away from 13 EMA. Check the order flow and if everything looks like you have an edge, then take a trade and take profit near 13 EMA. Not gonna share any code, because it's my magical "black box", which I built and be grateful that I'm even publishing it. Not gonna share anymore information about this. Just if you like it then use it and if not then don't. Now go out there and make a living from it taking trades as some freaking yellow triangles show you entries lol.
Pine Script® indicator
by neilzo
1
7-Channel Trend Meter v3🔥 7-Channel Trend Meter – Ultimate Trend Confirmation Tool 💹 Purpose: Supplementary indicator used as confirmation The 7-Channel Trend Meter offers an all-in-one confirmation system that combines 7 high-accuracy indicators into one easy-to-read visual tool. Say goodbye to guesswork and unnecessary tab-switching—just clear, actionable signals for smarter trades. Whether you're trading stocks, crypto, or forex, this indicator streamlines your decision-making process and enhances your strategy’s performance. ⚙️ What’s Inside The Box? Here is each tool that the Trend Meter uses, and why/how they're used: Average Directional Index: Confirms market strength ✅ Directional Movement Index: Confirms trend direction ✅ EMA Cross: Confirms reversals in trend through average price ✅ Relative Strength Index: Confirms trend through divergences ✅ Stochastic Oscillator: Confirms shifts in momentum ✅ Supertrend: Confirms trend-following using ATR calculations ✅ Volume Delta: Confirms buying/selling pressure weight by finding differences ✅ 🧾 How To Read It: 🟨 Bar 1 – Market Strength Meter: Light Gold 🟡: Strong market with trending conditions. Dark Gold 🟤: Weakening market or consolidation—proceed with caution. 📊 Bars 2 to 7 – Trend Direction Confirmations: 🟩 Green: Bullish signal, uptrend likely. 🟥 Red: Bearish signal, downtrend likely. 💯 Why it's helpful to traders: ✅ 7 Confirmations in 1 View: No need to flip between multiple charts. ✅ Visual Clarity: Spot trends instantly with a quick glance. ✅ Perfect for Entry Confirmation: Confirm trade signals before pulling the trigger. ✅ Boosts Your Win Rate: Make data-backed decisions, not guesses. ✅ Works Across Multiple Markets: Stocks, crypto, forex—you name it 🌍. 🤔 "What's with the indicator mashup/How do these components work together? 🤔 The 7-Channel Trend Meter is designed as an original and useful tool that integrates multiple indicators to enhance trading decisions, rather than merely combining existing tools without logical coherence. This strategic mashup creates a comprehensive analysis framework that offers deeper insights into market conditions by capitalizing on each component's unique strengths. The careful integration of seven indicators creates a unified system that eliminates conflicting signals and enhances the decision-making process. Rather than simply merging indicators for the sake of it, the 7-Channel Trend Meter is designed to streamline trading strategies, making it a practical tool for traders across various markets. By leveraging the combined strengths of these indicators, traders can act with greater confidence, backed by comprehensive data rather than fragmented insights. Here’s how they synergistically work together: Average Directional Index (ADX) and Directional Movement Index (DMI): The reason for this mashup is because ADX indicates the strength of the prevailing trend, while the DMI pinpoints its direction. Together, they equip traders with a dual framework that not only identifies whether to engage with a trend but also quantifies its strength, allowing for more decisive trading strategies. EMA Cross: The reason for this addition to the mashup is because this tool signals potential trend reversals by identifying moving average crossovers. When combined with the ADX and DMI, traders can better differentiate between genuine trend shifts and market noise, leading to more accurate entries. Relative Strength Index (RSI) and Stochastic Oscillator: The reason for this mashup is because by using both momentum indicators, traders gain a multifaceted view of market dynamics. The RSI assesses overbought or oversold conditions, while the Stochastic Oscillator confirms momentum shifts. When both agree with the trend signals from the DMI, it enhances the reliability of reversal or continuation strategies. Supertrend: The reason for this addition to the mashup is because as a trailing stop based on market volatility, the Supertrend indicator works hand-in-hand with the ADX’s strength assessment, allowing traders to ride strong trends while managing risk. This cohesion prevents premature exits during minor pullbacks. Volume Delta: The reason for this addition to the mashup is because integrating volume analysis helps validate signals from the price action indicators. Significant volume behind a price movement reinforces the likelihood of its continuation, ensuring that traders can act on well-supported signals. 🔍 How it does what it says it does 🔍 While the exact calculations remain proprietary, the following outlines how the components synergistically work to aid traders in making informed decisions: Market Strength Assessment: Average Directional Index (ADX) This component is used as confirmation by measuring the strength of the market trend on a scale from 0 to 100. A reading above 20 generally indicates a strong trend, while readings below 20 suggest sideways movement. The Trend Meter flags strong trends, effectively helping traders identify optimal conditions for entering positions. Trend Direction Confirmation: Directional Movement Index (DMI) This component is used as confirmation by distinguishing between bullish and bearish trends by evaluating price movements. This combination allows traders to confirm not only if a trend exists but also its direction, informing whether to buy or sell. Trend Reversal Detection: Exponential Moving Average (EMA) Cross This component is used as confirmation by calculating two EMAs (one shorter and one longer) to identify potential reversal points. When the shorter EMA crosses above the longer EMA, it signals a bullish reversal, and vice versa for bearish reversals. This helps traders pinpoint optimal entry or exit points. Momentum Analysis: Relative Strength Index (RSI) and Stochastic Oscillator These components are used as confirmation by providing insights into momentum. The RSI assesses the speed and change of price movements, indicating overbought or oversold conditions. The Stochastic Oscillator compares a particular closing price to a range of prices over a specified period. This helps identify whether momentum is slowing or speeding up, offering a clear view of potential reversal points. When both the RSI and Stochastic Oscillator converge on signals, it increases the reliability of those signals in trading decisions. Volatility-Based Trend Following: Supertrend This component is used as confirmation by utilizing Average True Range (ATR) calculations to help traders stay in momentum-driven trades by providing dynamic support and resistance levels that adapt to volatility. This enables better risk management while allowing traders to capture stronger trends. Volume Confirmation: Volume Delta This component is used as confirmation by analyzing buying and selling pressure by measuring the difference between buy and sell volumes, offering critical insights into market sentiment. Significant volume behind a price movement increases confidence in the sustainability of that move. 🧠 Pro Tip: When all 7 bars line up in green or red, it’s time to take action: load up for a confirmed move or sit back and wait for market confirmation. Let the Trend Meter guide your strategy with precision. Conclusion: Integrate the 7-Channel Trend Meter as useful confirmation for your TradingView strategy and stop trading like the average retail trader. This tool eliminates the noise and helps you stay focused on high-confidence trades.
Pine Script® indicator
by ftwtactical
2