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TakeOff Levels/Zones (Expo)TakeOff Levels/Zones (Expo) automatically identifies and displays support and resistance levels based on momentum. Levels/Zones are displayed where there is a high probability that price can takeoff. Traders should look for breakouts from the Level/Zone. If the price doesn't breakouts from the SR level/zone there's a chance that the market has topped or bottomed out. The indicator can be used standalone or as a part of your current trading strategy. Real-time No repainting Works on any market HOW TO USE 1. Use the indicator to identify where the price can takeoff. 2. Use the indicator to identify potential breakouts. 3. Use the indicator to identify potential reversal points. INDICATOR IN ACTION 1 min 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! ACCESS THE INDICATOR • Contact me on TradingView or use the links below ----------------- 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/ideas are only for educational purposes!
Pine Script® indicator
by Zeiierman
8
JD ProgressJD Progress Indicator is a two-part algorithm that is designed for both the 4hr and DAILY chart with unique alerts for each timeframe. This can be applied to Forex, Stocks, Crypto and Metals How to use; 4hr - When price crosses the channels and the confirmation indicators at the bottom all align, the trade alerts will be shown on screen. D1 - When the price crosses the channels (no need to wait for confirmation indicators), the trade alerts will be shown on screen There are a number of rules baked into the code to try and eliminate as many fake signals as possible. ATR targets and stop losses are also shown on screen and can be hidden if desired. I'd suggest aiming for 1x ATR target and 1.5 ATR Stop Loss. Use two trades and let the second run with a trailing stop. This algorithm is essentially a reversal system that uses a number of specifically tested and chosen indicators to identify reversals as early as possible. When to trade. 4hr - I suggest trading Tues - Thurs when trading the 4hr. Background shading will assist with this. D1 - Trade 5 days a week. With both timeframes, wait for the bar to close and place a pending order with a 5 pip gap. JD Core in action How to Access Gain access to JD Progress Confirmations for your TradingView account through our website, links below. 7 day paid trials, subscriptions and lifetime access are all available. All tiers give you full instructions on how to trade this strategy.
Pine Script® indicator
by refjamie
Market Order Bubbles + Trapped Positions [Pt]"Market Order Bubbles + Trapped Positions" is a multifaceted TradingView indicator, employing volume data to depict intensified market activities. By highlighting aggressive buying/selling behaviors, this tool serves as a dependable aid in pinpointing potential trading reversals. Additionally, it proves an effective device for real-time market trend monitoring. The unique ability of this indicator to spotlight 'Trapped Positions'—resulting from such vigorous trading activity—helps identify crucial price levels or ranges that may lead to significant price responses. Market Order Bubbles The Market Order Bubbles feature capitalizes on volume data to estimate market orders. High bullish volume is indicative of a surge in buy orders, while strong bearish volume flags an increase in sell orders. These orders are visually represented by bubbles of different sizes, corresponding directly to the volume strength, thus providing traders with an immediate, intuitive understanding of market activity. Trapped Positions/Zones The concept of Trapped Positions emerges when sizable buy orders appear during a bearish market trend, or vice versa. For instance, if a considerable sell order is detected during a bullish uptrend, it signifies that those short positions may be 'trapped'. These positions help in plotting potential price range zones. When the price revisits these zones and the market trend maintains its bullish inclination, trapped shorts might opt for liquidation near break-even to mitigate losses. The reverse holds true in a bearish downtrend. Trend Follower The Trend Follower feature is a supportive tool that aims to discern price trends, color-coding candle bars for clarity. This function assists traders by presenting a simplified view of the prevailing trend, helping to minimize distractions caused by minor price shifts. The utility of the Trend Follower is its ability to aid traders in focusing on the larger market direction. It allows traders to concentrate on the more substantial trend and make decisions that align with this broader market movement, rather than reacting to every minor price fluctuation. As a result, this feature may support traders in maintaining their positions for a longer duration, which could potentially enhance their trading outcomes. The Trend Follower, therefore, offers a helpful contribution to a balanced and effective trading approach. In essence, the "Market Order Bubbles + Trapped Positions" indicator with its Trend Follower feature provides traders with a comprehensive understanding of market dynamics, allowing them to navigate the financial markets with increased precision and confidence. Its unique features, designed to highlight significant market activities and trends, can greatly aid in refining trading strategies, making it a potentially invaluable tool in a trader's arsenal.
Pine Script® indicator
by PtGambler
148
Lag-Less Rainbow RibbonThis is my polychromatic "Lag-Less Rainbow Ribbon" indicator using Pine Script version 4.0. I'm sure you may noticed by now, this indicator is truly an astounding rainbow to witness upon encountering it initially. It's jaw dropping beauty is the first of it's kind on TV, but will continue to shine here, or on your chart, so long as TV exists. This one isn't disappearing into non-existence any time soon. It's extremely easy to use having only one input() to control the entire ribbon and it's lag. I couldn't make it any simpler to use, and that's one unique yet powerful feature of this elegant indicator. Another unique characteristic of deploying this in rainbow fashion is it provides very clear indications of when and where a significant reversal has occurred. Afterwards, trend direction following a large reversal is quickly established. This script uses all 64 of the available plottable series TV will allow currently, so adding features to it may be impossible in the future. Yet the cloud handles it with ease and speed I have never encountered in a ribbon indicator before. The Pine Script in this indicator is highly optimized, coming in at a light weight 120+ lines of code, probably contributing to it's efficiency. Lastly, with this flagship indicator, I included a multi-color "neon source" line to view close, hl2, etc... Any one of the two indicators may actually be enabled/disabled independently. In the demonstration chart, you will witness the other color schemes available. I provided multiple color schemes for those of you who may have color blindness vision impairments. You may contact me in private, if these color schemes are not suitable for your diagnosed visual impairment, and you wish to contribute to seeing the color schemes improved along with other future indicators I shall release. I.P.O.C.S.: "Initial Public Offering Clean Start" proprietary technology. Firstly, many of my other indicators already possess this capability. It allows suitable plotting from day one, minute one of IPO, remedying visually delayed signal analysis. It's basically accurate plotting from the very first bar (bar_index==0) on Tradingview. If you don't know what this is, most people don't, go back to the VERY beginning of any stock on the "All" chart and compare it to other similar indicators. What's so special about this? It is extremely difficult to get a healthy plot from bar_index==0 on any platform. However, I have become exceedingly talented performing this feat in most cases, but not all depending on the algorithm. This indicator is a successful accomplishment implementing IPOCS. It's inherent value is predominantly for IPO traders who in the past have had to wait 20, 50, and 150 bars before they obtain a precise indicator measurement for the simplest of algorithms in order to make a properly informed decision to potentially invest in an asset. How is this achieved? It's a highly protected secret of mine... but I will say I rarely use Pine built-in functions at all. When I do, I use them scarcely due to currently existing Pine language limitations. Features List Includes: I.P.O.C.S.(Initial Public Offering Clean Start) Technology Enable/disable dark background for enhanced visibility One "Lag Factor" adjustment to adjust them all Color schemes "Transparency" control Independent "Source" options This is not a freely available indicator, FYI. To witness my Pine poetry in action, properly negotiated requests for unlimited access, per indicator, may ONLY be obtained by direct contact with me using TV's "Private Chats" or by "Message" hidden in my member name above. The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section if you do have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I will implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Pine Script® indicator
by ImmortalFreedom
6
Engulfing + MACD/MACD ZL + MAHi everyone This is a simple algorithm that I used on timeframe > m30 to detect strong reversal signals based on : - Engulfing pattern - MACD ZL 12, 26, 9 - Price vs SMA 7 Last two parameters are optional but gives more security. Otherwise, waiting for confirmation gives later entry. Up to you to find the right balance between too much security (and taking the trade too late) and not enough confirmation (taking the trade too early and it will go the opposite way) I recommend the novice traders (less than 2 years trading), to stick with the 3 parameters above . It's to be used after a strong moment and as we're talking about reversals, I mean trade against the current trend. Meaning they're more risky, so... you know the drill :) : - Tight SL - Protect the position quickly when going in the way you want - Don't aim for very high TP. Have a few laddered obviously in any case - Use a trailing stop to protect your gains Hope you'll like it Enjoy Dave
Pine Script® indicator
by Daveatt
5
Volume Spread IndicatorVolume Spread Indicator is based on my understanding of Volume Spread Analysis (VSA). VSA is the third approach for analyzing the price of a stock, forex or cryptocurrency. VSA looks for the difference between supply and demand that are created by a professional trader, institutional players which are called Smart Money. This Indicator shows SV(Stopping Volume), NS (No Supply), ND (No Demand), -RC( Reverse Candle). Stopping volume and No supply appearing at key support level indicates Bullish Reversal. -RC and ND appearing at key resistance level indicate Bearish Reversal. This indicator can be used as Bottom and Top. This Indicator can be used effectively with the combination of AutoFibe indicator, Scalping sell and buy Indicator. Stopping Volume is shown as SV No Demand is shown as a triangle down (Red) No Supply is shown as a triangle up (Green) Reverse Candle is shown as -RC
Pine Script® indicator
by vickyprudhvi
51
Extreme Reversal Setup Price ActionThe extreme reversal setup is a fabulous signal that I've back tested over countless years of data on many instruments, different timeframes, and using various trade management methodologies. The results have always been highly favorable. Needless to say, this setup remains a key staple of my trading arsenal. The extreme reversal setup is a classic "rubber band" trade. When a rubber band is stretched to its limits and then released, it snaps back in the direction from whence it came. We are looking to trade the snapback reversal with this setup. The basic setup occurs when an extremely large candle forms that is about twice the size of the average candlestick. While this candle may indicate that a continuation will be seen, the second bar of the pattern does not confirm a continuation and, instead, is an opposing candle that signals an upcoming reversal. When this occurs, you have a fantastic opportunity to buy below value, or sell at a premium. The extreme reversal setup looks to capitalize over-extended situations in the market, as responsive buyers and sellers will enter the market to push price back in the opposite direction. Courtesy : Frank Ochoa.
Pine Script® indicator
by scorpiomanoj
5
Market direction and pullback based on S&P 500.A simple indicator based on www.swing-trade-stocks.com The link is also the guide for how to use it. 0 - nothing. If the indicator is showing 0 for a prolonged amount of time, it is likely the market is in "momentum mode" (referred to in the link above). 1 - indicates an uptrend based on SMA and EMA and also a place where a reversal to the upside is likely to occur. You should look only for long trades in the stock market when you see a spike upwards and S&P 500 is showing an obvious uptrend. -1 - indicates a downtrend based on SMA and EMA and also a place where a reversal to the downside is likely to occur. You should look only for short trades in the stock market when you see a spike upwards and S&P 500 is showing an obvious uptrend.
Pine Script® indicator
by Hagvan
1
DBT MoMoThe DBT MoMo indicator was created to show how price reacts to volatility and recent price movements. It determines how strong or weak a trend is and can give very strong indications of when a trend or move is coming to an end. When the DBT is over 10 or below -10 and turns from red to green or vice versa look for reversal candlestick patterns to signify a reversal. It can also be used to find divergences. When the DBT is trending upward with price but begins to give multiple sell signals while price is still increasing this shows that momentum is weakening and a reversal is incoming, vice versa for a downtrend. Use at your own risk. This is not financial advise and this indicator is not guaranteed to make you profits. Please message me if you have any questions or feedback. Enjoy. DO NOT ASK FOR ACCESS. THIS INDICATOR WILL BE AVAILABLE ON MY WEBSITE ONCE IT RELEASES.
Pine Script® indicator
by DejaBrew
9
TFPS - TradFi Pressure ScoreThe Data-Driven Answer to a New Market Reality. This indicator quantifies the pressure exerted by Wall Street on the crypto market across four critical dimensions: Risk Appetite, Fear, Liquidity Flows, and the Opportunity Cost of Capital. Our research has found that the correlation between this 4-dimensional pressure vector and crypto price action reaches peak values of 0.87. This is your decisive macro edge, delivered in real-time. The Irreversible Transformation A fundamental analysis of the last five years of market data proves an irreversible transformation: The crypto market has matured into a high-beta risk asset, its fate now inextricably linked to Traditional Finance (TradFi). The empirical data is clear: Bitcoin increasingly behaves like a leveraged version of the S&P 500. The correlation to major stock indices is statistically significant and persistent. The "digital gold" narrative is refuted by the data; the correlation to gold is virtually non-existent. This means standard technical indicators are no longer sufficient. Tools like RSI or MACD are blind to the powerful, external macro context that now dominates price action. They see the effect, but not the cause. The Solution: A 4-Dimensional Macro-Lens The TradFi Pressure Score (TFPS) is the answer. It is an institutional-grade dashboard that aggregates the four most dominant external forces into a single, actionable score: S&P 500 (SPY): The Pulse of Risk Appetite. A rising S&P signals a "risk-on" environment, fueling capital flows into crypto. VIX: The Market's Fear Gauge. A rising VIX signals a "risk-off" flight to safety, draining liquidity from crypto. DXY (US-Dollar Index): The Anchor of Global Liquidity. A strong Dollar (rising DXY) tightens financial conditions, creating powerful headwinds for risk assets like Bitcoin. US 10Y Yield: The Opportunity Cost of Capital. Rising yields make risk-free assets more attractive, pulling capital away from non-yielding assets like crypto. What makes the TFPS truly unique? 1. Dynamic Weighting (The Secret Weapon): Which macro factor matters most right now? Is it a surging Dollar or a collapsing stock market? The TFPS answers this automatically. It continuously analyzes the correlation of all four components to your chosen asset (e.g., Bitcoin) and adjusts their influence in real-time. The dashboard shows you the exact live weights, ensuring you are always focused on the factor that is currently driving the market. 2. Adaptive Engine: The forces driving a 15-minute chart are different from those driving a daily chart. The TFPS engine automatically recalibrates its internal lookback periods to your chosen timeframe. This ensures the score is always optimally relevant, whether you are a day trader or a swing trader. 3. Designed for Actionable Insights The Pressure Line: The indicator's core output. Is its value > 0 (tailwind) or < 0 (headwind)? This provides an instant, unambiguous read on the macro environment for your trade. The Z-Score (The Contrarian Signal): The background "Stress Cloud" and the discrete dots provide early warnings of extreme macro greed or fear. Readings above +2 or below -2 have historically pinpointed moments of market exhaustion that often precede major trend reversals. Lead/Lag Status: Gain a critical edge by knowing who is in the driver's seat. The dashboard tells you if TradFi is leading the price action or if crypto is moving independently, allowing you to validate your trade thesis against the dominant market force. This is a public indicator with protected source code Access is now available for traders who understand the new market reality at the intersection of crypto and traditional finance. You are among the first to leverage what is a new standard for macro analysis in crypto trading. Your feedback is highly valued as I continue to refine this tool. Follow for updates and trade with the full context!
Pine Script® indicator
by ayana-ailab
True Breakout Pattern [TradingFinder] Breakout Signal Indicator🔵 Introduction In many market conditions, what initially appears to be a decisive breakout often turns out to be nothing more than a false breakout or fake breakout. Price breaks through a key swing level or an important support and resistance zone, only to quickly return to its previous range. These failed breakouts, which are often the result of liquidity traps or market manipulation, serve more as a warning sign of structural weakness than confirmation of a new trend. This indicator is designed around the concept of the fake breakout. The logic is simple but precise : when price breaks a swing level and returns to that level within a maximum of five candles, the move is considered a false breakout. At this point, a Fibonacci retracement is applied to the recent price swing to evaluate the pullback area. If price, within ten candles after the return to the breakout level, enters the Fibonacci zone between 0.618 and 1.0, the setup becomes valid for a potential entry. This area is identified as a long entry zone, with the stop loss placed just beyond the 1.0 level and the take profit defined based on the desired risk-to-reward ratio. By combining accurate detection of false breakouts, analysis of price reaction to swing levels, and alignment with Fibonacci retracement logic, this framework allows traders to identify opportunities often missed by others. In a market where failed breakouts are a common and recurring phenomenon, this indicator aims to transform these traps into measurable trading opportunities. Long Setup : Short Setup : 🔵 How to Use This indicator operates based on the recognition of false breakouts from structural levels in the market, specifically swing levels, and combines that with Fibonacci retracement analysis. In this strategy, trades are only considered when price returns to the broken level within a defined time window and reacts appropriately inside a predefined Fibonacci range. Depending on the direction of the initial breakout, the system outlines two scenarios for long and short setups. 🟣 Long Setup In the long setup, price initially breaks below a support level or swing low. If the price returns to the broken level within a maximum of five candles, the move is identified as a fake breakout. At this stage, a Fibonacci retracement is drawn from the recent high to the low. If price, within ten candles of returning to the level, moves into the 0.618 to 1.0 Fibonacci zone, the conditions for a long entry are met. The stop loss is placed slightly below the 1.0 level, while the take profit is set based on the trader’s preferred risk-reward ratio. This setup aims to capture deeply discounted entries at low risk, aligned with smart money reversals. 🟣 Short Setup In the short setup, the price breaks above a resistance level or swing high. If the price returns to that level within five candles, the move is again treated as a false breakout. Fibonacci is then drawn from the recent low to the high to observe the retracement area. Should price enter the 0.618 to 1.0 Fibonacci range within ten candles of returning, a short entry is considered valid. In this case, the stop loss is placed just above the 1.0 level, and the take profit is adjusted based on the intended risk-reward target. This method allows traders to identify high-probability short setups by focusing on failed breakouts and deep pullbacks. 🔵 Settings 🟣 Logical settings Swing period : You can set the swing detection period. Valid After Trigger Bars : Limits how many candles after a fake breakout the entry zone remains valid. Max Swing Back Method : It is in two modes "All" and "Custom". If it is in "All" mode, it will check all swings, and if it is in "Custom" mode, it will check the swings to the extent you determine. Max Swing Back : You can set the number of swings that will go back for checking. 🟣 Display settings Displaying or not displaying swings and setting the color of labels and lines. 🟣 Alert Settings Alert False Breakout : Enables alerts for Breakout. Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'. Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'. 🔵 Conclusion A sound understanding of the false breakout phenomenon and its relationship to structural price behavior is essential for technical traders aiming to improve precision and consistency. Many poor trading decisions stem from misinterpreting failed breakouts and entering too early into weak signals. A structured approach, grounded in the analysis of swing levels and validated through specific price action and timing rules, can turn these misleading moves into valuable trade opportunities. This indicator, by combining fake breakout detection with time filters and Fibonacci-based retracement zones, helps traders only engage with the market when multiple confirming factors are in alignment. The result is a strategy that emphasizes probability, risk control, and clarity in decision-making, offering a solid edge in navigating today’s volatile markets.
Pine Script® indicator
by TFlab
28
Momentum Trail Oscillator [AlgoAlpha]🟠 OVERVIEW This script builds a Momentum Trail Oscillator designed to measure directional momentum strength and dynamically track shifts in trend bias using a combination of smoothed price change calculations and adaptive trailing bands. The oscillator aims to help traders visualize when momentum is expanding or contracting and to identify transitions between bullish and bearish conditions. 🟠 CONCEPTS The core idea combines two methods. First, the script calculates a normalized momentum measure by smoothing price changes relative to their absolute values, which creates a bounded oscillator that highlights whether moves are directional or choppy. Second, it uses a trailing band mechanism inspired by volatility stops, where bands adapt to the oscillator’s volatility, adjusting the thresholds that define a shift in directional bias. This dual approach seeks to address both the magnitude and persistence of momentum, reducing false signals in ranging markets. 🟠 FEATURES The momentum calculation applies Hull Moving Averages and double EMA smoothing to price changes, producing a smooth, responsive oscillator. The trailing bands are derived by offsetting a weighted moving average of the oscillator by a multiple of recent momentum volatility. A directional state variable tracks whether the oscillator is above or below the bands, updating when the momentum crosses these dynamic thresholds. Overbought and oversold zones are visually marked between fixed levels (+30/+40 and -30/-40), with color fills to highlight when momentum is in extreme areas. The script plots signals on both the oscillator pane and optionally overlays markers on the main price chart for clarity. 🟠 USAGE To use the indicator, apply it to any symbol and timeframe. The “Oscillator Length” controls how sensitive the momentum line is to recent price changes—lower values react faster, higher values smooth out noise. The “Trail Multiplier” sets how far the adaptive bands sit from the oscillator mid-line, which affects how often trend state changes occur. When the momentum line rises into the upper filled area and then crosses back below +40, it signals potential overbought exhaustion. The opposite applies for the oversold zone below -40. The plotted trailing bands switch visibility depending on the current directional state: when momentum is trending up, the lower band acts as the active trailing stop, and when trending down, the upper band becomes active. Trend changes are marked with circular symbols when the direction variable flips, and optional overlay arrows appear on the price chart to highlight overbought or oversold reversals. Traders can combine these signals with their own price action or volume analysis to confirm entries or exits.
Pine Script® indicator
by AlgoAlpha
9
Trend Classifier [ChartPrime]Trend Classifier This is a multi-level trend classification tool that detects bullish, bearish, and ranging conditions using an adaptive smoothing method. It highlights trend strength through color-coded candles and layered bands, making it easy to interpret market momentum visually. ⯁ KEY FEATURES Classifies trend strength using 3 bullish and 3 bearish levels relative to an adaptive trend line. Neutral (range) zones are marked when price stays between key bands, often signaling low volatility or consolidation. Automatically filters band visibility based on current trend direction: In uptrends, only levels below the price are displayed. In downtrends, only levels above the price are shown. Color-coded candles: Aqua candles for bullish conditions. Red candles for bearish conditions. Orange candles during neutral or ranging conditions. Includes a trend direction change marker (diamond), plotted when a shift in trend is detected. Plots a central smoothed trend line to anchor the trend bands dynamically. Displays a trend strength dashboard in the top-right corner with real-time bull and bear scores (0 to 3). Labels with arrows (▲/▼) show current trend direction and strength on the chart. ⯁ HOW TO USE Use bull and bear levels (1–3) to assess the momentum of the current trend. When bull = 0 and bear = 0 , market is considered ranging or consolidating – consider fading or waiting for breakout confirmation. Trend bands can be used as dynamic support/resistance during trending phases. Monitor the trend change diamonds to spot potential early reversals. Combine with volume or oscillator tools for confirmation of strength shifts. ⯁ CONCLUSION Trend Classifier helps traders stay aligned with the dominant trend while visually breaking down market momentum into levels. Its clean color-coded design and strength dashboard make it ideal for both trend following and range trading strategies.
Pine Script® indicator
by ChartPrime
24
Volatility Price FlowCapitalize on market volatility with our new volatility price flow indicator. We have designed this indicator to process historical price movements and indicate when price may have reached exhaustion in the context of current volatility. This is achieved by taking the price deviation from a user defined moving average, and applying a weighting to the deviations from the candle body and candle wick on both buy side and sell side, over a user defined period. The period of the base moving average, type of moving average and the period of the historical price deviations can all be modified. This creates a typical 'band' style indicator, though with a unique characteristic that the buy and sell side vary independently as well as the band expansion being based on weighted variables tied to the actual price changes, rather than just a standard deviation the moves uniformly. Additionally, these bands can be merged with an anchored vwap - we do this so that the deviations of price from the moving average can include a more volume based approach to identifying potential pivots. The end result is an indicator that reflects the current market price movements, identifies and capitalizes on impulsive or beginning moves to indicate potential tops / bottoms / reversals. The signals are simple - anytime price closes within a band, having been outside the band, a signal is displayed. As a basic guide to setting the indicator up for the first time, we suggest reducing all of the multipliers to a value less than 1. Then gradually increase each one, until the signals reduce in quantity and improve in quality, starting with the price deviation multiplier, then the volatility multiplier and finally the expansion multiplier. Last of all, alerts can be created based on the current chart timeframe and indicator settings, simply by adding an alert that uses the built in buy or sell signal. Note: We cannot guarantee the accuracy of the signals provided, since the user creates the signals by modifying the settings, and as such we can take no responsibility for any trading losses incurred using the indicator and highly encourage all users to manage their risk and only risk what you can afford to lose.
Pine Script® indicator
by Texmoonbeam
1
Edufx AMD~Accumulation, Manipulation, DistributionEdufx AMD Indicator This indicator visualizes the market cycles using distinct phases: Accumulation, Manipulation, Distribution, and Reversal. It is designed to assist traders in identifying potential entry points and understanding price behavior during these phases. Key Features: 1. Phases and Logic: -Accumulation Phase: Highlights the price range where market accumulation occurs. -Manipulation Phase: - If the price sweeps below the accumulation low, it signals a potential "Buy Zone." - If the price sweeps above the accumulation high, it signals a potential "Sell Zone." -Distribution Phase: Highlights where price is expected to expand and establish trends. -Reversal Phase: Marks areas where the price may either continue or reverse. 2. Weekly and Daily Cycles: - Toggle the visibility of Weekly Cycles and Daily Cycles independently through the settings. - These cycles are predefined with precise timings for each phase, based on your selected on UTC-5 timezone. 3. Customizable Appearance: - Adjust the colors for each phase directly in the settings to suit your preferences. - The indicator uses semi-transparent boxes to represent the phases, allowing easy visualization without obstructing the chart. 4. Static Boxes: - Boxes representing the phases are drawn only once for the visible chart range and do not dynamically delete, ensuring important consistent reference points.
Pine Script® indicator
by Fx-Eddie
1
Icaro [VekiSeba] Icaro Indicator: Monitoring Price Extensions Overview The Icarus Indicator is a tool designed to help traders identify critical points in the price movements of financial assets. Inspired by the Greek myth of Icarus , this indicator alerts on potential exhaustions in bullish movements or significant price extensions. It is ideal for traders looking to optimize profitability and make strategic decisions on when to exit a position, thereby minimizing the risk of dramatic price reversals. How the Indicator Works: The Icarus Indicator combines various volatility and trend metrics to provide signals: ATR (Average True Range): Measures the asset’s volatility, providing insight into the intensity of price movements. This component is crucial for understanding the strength behind the asset’s fluctuations. Gain from Average Trend: This metric calculates how much the current price has deviated from an average trend line. It helps identify how extended or overvalued the price might be in relation to its overall trend. ATR Acceleration: Assesses how the pace of volatility change compares to its recent average, indicating rapid changes in volatility that might suggest an increase in momentum or an early warning of overextension. Visual Signals: Wing Momentum (Purple Cross): Indicates a significant increase in volatility acceleration, suggesting that the price may be entering a phase of unusual momentum. There is also the potential that this signal could lead to a correction. Solar Roof (Red Circle): Activates when the price reaches an exhaustion level as defined by the user’s threshold, indicating a possible turning point or correction. NASDAQ:SMCI Configuration and Use: Users can customize the "Flight Threshold" to adjust the sensitivity of the indicator to their specific trading strategies. Modifying this threshold allows the indicator to be less or more reactive to the asset’s fluctuations. Originality and Utility of the Indicator: Icarus stands out from other indicators with its unique focus on measuring volatility, offering a dynamic perspective on the asset's conditions. A notable feature of Icarus is its ability to reduce the number of false signals through its specialized formula, which prioritizes accuracy over the frequency of alerts. Although this may mean that the indicator does not react to all price extensions and might occasionally overlook some, it is intentionally designed to provide a higher percentage of correct signals when it does issue an alert. This "lower frequency, higher accuracy" approach is particularly valuable for traders who prefer the quality of signals over quantity, thus minimizing reactions to incorrect market movements and optimizing trading decisions based on highly reliable indicators. However, it is important to note that no indicator, including Icarus, can guarantee 100% effectiveness. Indeed, we cannot quantify the exact success rate of Icarus, as its performance can vary widely depending on the volatility of each asset and the market context at any given time.
Pine Script® indicator
by VekiSeba
Adaptive SuperTrend Oscillator [AlgoAlpha]Adaptive SuperTrend Oscillator 🤖📈 Introducing the Adaptive SuperTrend Oscillator , an innovative blend of volatility clustering and SuperTrend logic designed to identify market trends with precision! 🚀 This indicator uses K-Means clustering to dynamically adjust volatility levels, helping traders spot bullish and bearish trends. The oscillator smoothly tracks price movements, adapting to market conditions for reliable signals. Whether you're scalping or riding long-term trends, this tool has got you covered! 💹✨ 🔑 Key Features: 📊 Volatility Clustering with K-Means: Segments volatility into three levels (high, medium, low) using a K-Means algorithm for precise trend detection. 📈 Normalized Oscillator : Allows for customizable smoothing and normalization, ensuring the oscillator remains within a fixed range for easy interpretation. 🔄 Heiken Ashi Candles : Optionally visualize smoothed trends with Heiken Ashi-style candlesticks to better capture market momentum. 🔔 Alert System : Get notified when key conditions like trend shifts or volatility changes occur. 🎨 Customizable Appearance : Fully customizable colors for bullish/bearish signals, along with adjustable smoothing methods and lengths. 📚 How to Use: ⭐ Add the indicator to favorites by pressing the star icon. Customize settings to your preference: 👀 Watch the chart for trend signals and reversals. The oscillator will change color when trends shift, offering visual confirmation. 🔔 Enable alerts to be notified of critical trend changes or volatility conditions ⚙️ How It Works: This script integrates SuperTrend with volatility clustering by analyzing ATR (Average True Range) to dynamically identify high, medium, and low volatility clusters using a K-Means algorithm . The SuperTrend logic adjusts based on the assigned volatility level, creating adaptive trend signals. These signals are then smoothed and optionally normalized for clearer visual interpretation. The Heiken Ashi transformation adds an additional layer of smoothing, helping traders better identify the market's true momentum. Alerts are set to notify users of key trend shifts and volatility changes, allowing traders to react promptly.
Pine Script® indicator
by AlgoAlpha
3
Non-Sinusoidal Multi-Layered Moving Average OscillatorThis indicator utilizes multiple moving averages (MAs) of different lengths their difference and its rate of change to provide a comprehensive view of both short-term and long-term market trends. The output signal is characterized by its non-sinusoidal nature, offering distinct advantages in trend analysis and market forecasting. Combining the difference between two moving averages with the ROC allows to assess not only the direction and strength of the trend but also the momentum behind it. Transforming these signal in to non-sinusoidal output enhances its utility. The indicator allows traders to select any one or more of seven moving average options. Larger timeframes (e.g., MA89/MA144) provide a broader identification of the overall trend, helping to understand the general market direction. Smaller timeframes (e.g., MA5/MA8) are more sensitive to price changes and can indicate better entry and exit points, aiding in the identification of retracements and pullbacks. By combining multiple timeframes, traders can get a comprehensive view of the market, enabling more precise and informed trading decisions. Key Features: Multiple Moving Averages: The indicator calculates several exponential moving averages (EMAs) based on different lengths: MA5, MA8, MA13, MA21, MA34, MA55, MA89, and MA144. These MAs are further smoothed using a secondary exponential moving average, with the smoothing length customizable by the user. Percentage Differences: The indicator computes the percentage differences between successive MAs (e.g., (MA5 - MA8) / MA8 * 100). These differences highlight the relative movement of prices over different periods, providing insights into market momentum and trend strength. Short-term MA differences (e.g., MA5/MA8) are more sensitive to recent price changes, making them useful for detecting quick market movements. Long-term MA differences (e.g., MA89/MA144) smooth out short-term fluctuations, helping to identify major trends. Rate of Change (ROC): The indicator applies the Rate of Change (ROC) to the percentage differences of the MAs. ROC measures the speed at which the percentage differences are changing over time, providing an additional layer of trend analysis. ROC helps in understanding the acceleration or deceleration of market trends, indicating the strength and potential reversals. Transformations: The percentage differences undergo a series of mathematical transformations (either inverse hyperbolic sine transformation or inverse fisher transformation) to refine the signal and enhance its interpretability. These transformations include adjustments to stabilize the values and highlight significant movements. checkbox allows users to select which mathematical transformations to use. Non-Sinusoidal Nature: The output signal of this indicator is non-sinusoidal, characterized by abrupt changes and distinct patterns rather than smooth, wave-like oscillations. The non-sinusoidal signal provides clearer demarcations of trend changes and is more responsive to sudden market shifts. This nature reduces the lag typically associated with sinusoidal indicators, allowing for more timely and accurate trading decisions. Customizable Options: Users can select which MA pairs to include in the analysis using checkboxes. This flexibility allows the indicator to adapt to different trading strategies, whether focused on short-term movements or long-term trends. Visual Representation: The indicator plots the transformed values on a separate panel, making it easy for traders to visualize the trends and potential entry or exit points. Usage Scenarios: Short-Term Trading: By focusing on shorter MAs (e.g., MA5/MA8), traders can capture quick market movements and identify short-term trends. Long-Term Analysis: Utilizing longer MAs (e.g., MA89/MA144) helps in identifying major market trends. Combination of MAs: The ability to mix different MA lengths provides a balanced view, helping traders make decisions based on both immediate price actions and overall market direction. Practical Benefits: Early Signal Detection: The sensitivity of short-term MAs provides early signals for potential trend changes, assisting traders in timely decision-making. Trend Confirmation: Long-term MAs offer stable trend confirmation, reducing the likelihood of false signals in volatile markets. Noise Reduction: The mathematical transformations and ROC applied to the percentage differences help in filtering out market noise, focusing on meaningful price movements. Improved Responsiveness: The non-sinusoidal nature of the signal allows the indicator to react more quickly to market changes, providing more accurate and timely trading signals. Clearer Trend Demarcations: Non-sinusoidal signals make it easier to identify distinct phases of market trends, aiding in better interpretation and decision-making.
Pine Script® indicator
by federalTacos5392b
Breakout Detector (Previous MTF High Low Levels) [LuxAlgo]The Breakout Detector (Previous MTF High Low Levels) indicator highlights breakouts of previous high/low levels from a higher timeframe. The indicator is able to: display take-profit/stop-loss levels based on a user selected Win/Loss ratio, detect false breakouts, and display a dashboard with various useful statistics. Do note that previous high/low levels are subject to backpainting, that is they are drawn retrospectively in their corresponding location. Other elements in the script are not subject to backpainting. 🔶 USAGE Breakouts occur when the price closes above a previous Higher Timeframe (HTF) High or below a previous HTF Low. On the advent of a breakout, the closing price acts as an entry level at which a Take Profit (TP) and Stop Loss (SL) are placed. When a TP or SL level is reached, the SL/TP box border is highlighted. When there is a breakout in the opposite direction of an active breakout, previous breakout levels stop being updated. Not reaching an SL/TP level will result in a partial loss/win, which will result in the box being highlighted with a dotted border (default). This can also be set as a dashed or solid border. Detection of False Breakouts (default on) can be helpful to avoid false positives, these can also be indicative of potential trend reversals. This indicator contains visualization when a new HTF interval begins (thick vertical grey line) and a dashboard for reviewing the breakout results (both defaults enabled; and can be disabled). As seen in the example above, the active, open breakout is colored green/red. You can enable the setting ' Cancel TP/SL at the end of HTF ', which will stop updating previous TP/SL levels on the occurrence of a new HTF interval. 🔶 DETAILS 🔹 Principles Every time a new timeframe period starts, the previous high and low are detected of the higher timeframe. On that bar only there won't be a breakout detection. A breakout is confirmed when the close price breaks the previous HTF high/low A breakout in the same direction as the active breakout is ignored. A breakout in the opposite direction stops previous breakout levels from being updated. Take Profit/Stop Loss, partially or not, will be highlighted in an easily interpretable manner. 🔹 Set Higher Timeframe There are 2 options for choosing a higher timeframe: • Choose a specific higher timeframe (in this example, Weekly higher TF on a 4h chart) • Choose a multiple of the current timeframe (in this example, 75 minutes TF on a 15 min chart - 15 x 5) Do mind, that when using this option, non-standard TFs can give less desired timeframe changes. 🔹 Setting Win/Loss Levels The Stop Loss (SL) / Take Profit (TP) setting has 2 options: W%:L% : A fixed percentage is chosen, for TP and SL. W:L : In this case L (Loss-part) is set through Loss Settings , W (Win-part) is calculated by multiplying L , for example W : L = 2 : 1, W will be twice as large as the L . 🔹 Loss Settings The last drawing at the right is still active (colored green/red) The Loss part can be: A multiple of the Average True Range (ATR) of the last 200 bars. A multiple of the Range Cumulative Mean (RCM). The Latest Swing (with Length setting) Range Cumulative Mean is the sum of the Candle Range (high - low) divided by its bar index. 🔹 False Breakouts A False Breakout is confirmed when the price of the bar immediately after the breakout bar returns above/below the breakout level. 🔹 Dashboard 🔶 ALERTS This publication provides several alerts Bullish/Bearish Breakout: A new Breakout. Bullish/Bearish False Breakout: False Breakout detected, 1 bar after the Breakout. Bullish/Bearish TP: When the TP/profit level has been reached. Bullish/Bearish Fail: When the SL/stop-loss level has been reached. Note that when a new Breakout causes the previous Breakout to stop being updated, only an alert is provided of the new Breakout. 🔶 SETTINGS 🔹 Set Higher Timeframe Option : HTF/Mult HTF : When HTF is chosen as Option , set the Higher Timeframe (higher than current TF) Mult : When Mult is chosen as Option , set the multiple of current TF (for example 3, curr. TF 15min -> 45min) 🔹 Set Win/Loss Level SL/TP : W:L or W%:L%: Set the Win/Loss Ratio (Take Profit/Stop Loss) • W : L : Set the Ratio of Win (TP) against Loss (SL) . The L level is set at Loss Settings • W% : L% : Set a fixed percentage of breakout price as SL/TP 🔹 Loss Settings When W : L is chosen as SL/TP Option, this sets the Loss part (L) Base : • RCM : Range Cumulative Mean • ATR : Average True Range of last 200 bars • Last Swing : Last Swing Low when bullish breakout, last Swing High when bearish breakout Multiple : x times RCM/ATR Swing Length : Sets the 'left' period ('right' period is always 1) Colours : colour of TP/SL box and border Borders : Style border when breakout levels stop being updated, but TP/SL is not reached. (Default dotted dot , other option is dashed dsh or solid sol ) 🔹 Extra Show Timeframe Change : Show a grey vertical line when a new Higher Timeframe interval begins Detect False Outbreak Cancel TP/SL at end of HTF 🔹 Show Dashboard Location: Location of the dashboard (Top Right or Bottom Right/Left) Size: Text size (Tiny, Small, Normal) See USAGE/DETAILS for more information
Pine Script® indicator
by LuxAlgo
24
MTF ATR Reversal Levels (Open Source) This is an open source version of the original I posted a couple of years ago.... Multitple TimeFrame Swingarm system borrowing from the Blackflag FTS indicator. This throws up 5 resolutions of ATR thresholds, only showing the current bar level using a horizontal line across the full chart. I don't like the historical information charted, just need to know the current level for my trading purposes. It will also give Sell/Buy alerts when the closing price exceeds one of those thresholds... essentially confirmation of a trend reversal. On the primary resolution (defaulted to the current timeframe of the chart) it can show the fibonacci reversal levels using the ATR levels for that time resolution. This is if for the current trend. I find it useful, so I thought I would share. Like all indicators, it'll work as long as you stick with a system, and let it work. :)
Pine Script® indicator
by DeuceDavis
7