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The WWG Plan Indicator V2█  OVERALL This indicator was specifically created for the Walsh Wealth Group. In short it is a fusion of some of the most basic and widely used indicators to show overbought patterns and trend reversals. Its best usage is with LTF scalping and agressive profit taking but can also be used to find HTF dips and buy-zones. █  FEATURES Buy Signal (Buy): Printed only with all confirmations triggered Small Buy Signal (B1 & B2) Printed if some of the confirmations are triggered and can be treated as DCA entries or for further confirmation with other indicators and basic TA. Crayons (Color Bars): Blue: RSI is oversold Olive: RSI and Stoch RSI are oversold Yellow: RSI, Stoch RSI are oversold and lower Bollinger Bands are crossed by Low Orange: RSI, Stoch RSI and CCI are oversold Trailing SL: If activated in the config, a trailing SL can be displayed on the chart based on ATR. █  SETTINGS The underlying indicators used are RSI, Stoch RSI, Bollinger Bands, MACD and CCI. All possible configs can be changed in the config settings. █  GENERAL INFORMATION Depending on the settings, the indicator performance will be highly affected. This indicator is only displaying highly oversold areas and events of trend reversal it is not a *God*-Signal and will print false positives. █  ALERTS An alert for the main buy-signal is implemented and can be used via the TV alert functionality.
Pine Script® indicator
by ru0ka
3
Trend Reversal Indicator (EMA of slopes)Good morning Traders Inspirated by lukescream EMA-slope strategy, today I want to share with you this simple indicator whose possible use-case would be for detecting in advance possible trend reversals, specially on higher timeframes. Once that you've chosen the desired source (RSI, EMA or Stochastic k or d), the indicator will calculate its "slope" approximating its first order derivative by the division between the last variation of the series and its last value. You can see the slope as a white line by enabling the relative checkmark (it's disabled by default since it simply messes up the the graph) Then, the slope itself becomes the source for two exponential moving averages: the fast one (in blue) has a period of 20 while the slow one (in red, it becomes similiar to a horizontal line actually) has a period of 500 Why the slope? Since all the sources mentioned before are directly or indirectly calculated on the price action, a more aggressiveness in the price movement would be translated into a more (positive/negative) steepness of those indicator (of course this effect would be far more evident if the indicators are calculated on low periods, but really low periods could compromise the consistency of the signals). In this way, the slope would mirror the decisiveness of price movements and a comparison between two averages calculated from it (the first one based on more recent values, the second one that conisders also older values) could tell you in advance what direction the market is possibly about to take The usage is simple: once that the fast moving average crosses upward the slow one, this could be a sign of potential trend reversal from bearish to bullish. On the contrary, if the fast EMA crosses downward the slow one, this could be a sign of potential trend reversal from bullish to bearish. What I suggest you is to integrate this indicator with Exponential Moving Averages plotted on the price candles, in order to have a general bias for opening long or short positions, and with an oscillator as well such as the Stochastisc RSI in order to detect the overbought/oversold zones for opening/closing positions at the right moment. Happy Trading!
Pine Script® indicator
by Drun30
8
Breakout & Trend & Scalping (Zeiierman)█ Overview Breakout & Trend & Scalping (Zeiierman) transforms time, volume, and trend behavior into a unified visual framework for identifying market expansion, compression, and breakout phases. Instead of viewing price as an isolated movement, the indicator reinterprets it as a continuous relationship between time-driven flow, volume displacement, and trend momentum. The system constructs a hybrid analytical field using OBV-based flow modeling, time–trend alignment, and adaptive candle smoothing, providing a clear and fluid representation of both breakout probability and structural trend strength. This advanced framework adapts to different market contexts, including intraday scalping, swing-trend validation, and multi-timeframe continuation analysis, revealing how volume and trend energy accumulate before volatility expansion. ⚪ Why This One Is Unique Unlike conventional breakout or trend indicators that rely solely on price or volatility, this tool integrates time-weighted OBV mechanics, multi-timeframe trend correlation, and volatility-normalized candle transformation. Its design leverages an adaptive Time–Trend Integration Engine that adjusts dynamically based on the selected timeframe and method. The result is a fluid, self-normalizing view of market rhythm, capturing not only the visible structure of trends but also the hidden buildup of momentum that precedes breakouts. █ Main Feature: BTS Adaptive Candle System The BTS Adaptive Candle System unifies time-based and trend-based flow analysis into a single visual model of market behavior. It synchronizes short-term momentum with long-term trend equilibrium, revealing how volume and directional energy evolve across different temporal structures. The flow is inherently adaptive. During stable phases, it compresses volatility to emphasize directional persistence and trend continuity. When acceleration builds, it expands to highlight breakout potential and the ignition of new momentum. Green-to-red and (red-to-green) transitions indicate shifts in order-flow dominance, while color intensity reflects the relative strength of participation. The built-in smoothing system filters out random noise while maintaining fast response to emerging direction, making the BTS Candle System equally effective for scalping precision, breakout confirmation, and long-term trend tracking. █ How to Use ⚪ Trend Trading Bullish trends appear when candles remain near the top of their range with bright, steady coloration. This structure shows sustained accumulation and consistent trend support. Fading color or mixed tones suggest short pauses or shallow pullbacks within an ongoing uptrend. Bearish trends form when candles cluster near the lower range and deepen in red intensity, reflecting growing selling pressure. Consistent red sequences mark continued distribution, while lighter tones or brief color shifts often precede corrective bounces within a broader downtrend. ⚪ Trend Change Trading When a large BTS candle crosses the midline, it often marks a decisive shift in market control. A strong candle breaking above the midline reflects dominant buying flow and the early phase of bullish momentum, often signaling the start of a new upward trend. Conversely, when a large candle drops below the midline, it shows dominant selling pressure and the potential beginning of a downward cycle. These midline transitions represent key moments where institutional flow changes direction. A rapid color shift or fading saturation in candles around these areas frequently precedes a trend reversal or volatility breakout, making them powerful confirmation points for both breakout and trend-change strategies. ⚪ Retracement/Pullback Trading When BTS candles remain green or turn light yellow near the midline, it indicates balanced momentum as price consolidates during a temporary retracement. A renewed shift back to bright green candles from this area often signals the end of the pullback and the continuation of the uptrend. In a downtrend, when BTS candles shift to light yellow or fade toward the midline, it shows a temporary slowdown in selling pressure as the price retraces upward. A return to deep red candles after this brief balance phase confirms renewed selling momentum and continuation of the prevailing downtrend. ⚪ Breakout Trading Big candles in the BTS indicate a shift in control. If this occurs around a resistance level, there is a high chance that price will break out upward. Similarly, if a large downward BTS candle appears near a support level, there is a high chance that a bearish breakout will follow through. █ How It Works ⚪ Integrated Market Framework The BTS system merges time, trend, and volatility behavior into a single adaptive flow field. It constantly balances fast and slow market components, maintaining a smooth equilibrium between short-term reactions and long-term structure. Calculation: Uses normalized scaling and adaptive synchronization to align directional momentum across changing market states. ⚪ Core Trend Engine At its center, the model interprets how price movement evolves within its volatility range. It tracks shifts in directional energy and transforms them into a stable momentum surface that highlights both trend continuation and turning points. Calculation: Applies equilibrium-based mapping to sustain consistent directional flow even during market acceleration or compression. ⚪ Volatility Envelope System The indicator forms a dynamic envelope around price movement, expanding and contracting with the current market speed. These zones reflect where energy concentrates or fades, helping visualize breakout potential and exhaustion levels. Calculation: Adapts envelope boundaries through volatility-responsive scaling and balanced symmetry control. ⚪ Adaptive Time Modes Two adaptive modes — Time and Trend — control how the model responds to changing conditions. The system automatically adjusts its responsiveness, allowing it to behave as a fast scalping model or a slow trend tracker without losing structural balance. Calculation: Dynamically modifies its internal scaling to maintain equilibrium between speed and smoothness across selected timeframes. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. 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, backtest, 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.
Pine Script® indicatorPaid script
by Zeiierman
30
Momentum Reversal Indicator (MRI)This is the Beta release of the Momentum Reversal Indicator (MRI), expect an update by the end of year. The Momentum Reversal Indicator (MRI) is an advanced script for professional traders who have taken the time to learn all its functions. It is a time based indicator that anticipates the ending of trends based on the momentum in price movement. As an important secondary element, MRI also suggests when a trend might be starting or continuing, which a trader can certainly take advantage of. It is useful across all assets and all time frames but is ideal in more liquid assets on Daily & Weekly time frames. Since this is an Invite Only Script, I will not be making the code public nor explain the math logic of the code here in TradingView. TradingView also limits any external links, but those interested in details or access should be resourceful enough to find all the information they need on my website. However, I will try and explain the usefulness of the MRI indicator with the following images. MRI will display a downwards red arrow above the candle when the bullish trend is ending and an upwards green arrow above the candle when the bearish trend is ending. The candle before the MRI top/bottom is marked by an orange arrow warning you that the trend might be ending on the next candle. (It's common that the trend ends on the candle before or after this MRI signal, I personally like to use single candlestick reversals for confirmation like Shooting Stars, Hammers and Doji). The orange arrow will disappear if a green or red arrow shows up, but will remain on the chart if on the following candle, the conditions needed to make the MRI signal are not met. See NYSE:UBER chart below: When the number above the arrow is something other than a 1, it indicates a strong trend and the number represents consecutive instances of hitting that MRI extreme condition. These consecutive instances have been known to cause major changes in trend and the larger the number, the bigger the move might be. Here is a recent example of the daily chart hitting a 3 on the MRI, with the market falling 6.5% in the following 3 days and 10% over the next 3 weeks (you can see this in the image used to publish this script) The biggest number I have seen is a 5, this occurred on the weekly chart of AMEX:CBOE as it was followed by a 30% correction over the next two weeks. Following an MRI Top/Bottom there are three different Extensions of trend if the price continues to move in the same direction and does not reverse with the MRI. It’s up to the trader to decide which of the three they find most relevant, for me it’s B & C, and there are settings you can use to remove what you don't care for from display. They have a different but similar rule set which is explained to those serious about the indicator and purchase access, which comes with full explanations in a video. Here is a recent chart of NASDAQ:AMZN for an example: And here is a weekly chart of NYSE:GM topping on Extension C with the MRI warning (Orange Arrow). Extensions A & B also provided good profit takes after a big run up These Extensions are particularly useful when they occur on (or right around) an MRI Top/Bottom. Here is an example where it timed the 2018 stock market SPCFD:SPX top perfectly leading directly into an MRI Bottom two weeks later (Also notice how we can show multiple timeframes hitting MRI levels) In addition to Extensions, an MRI Top/Bottom generates a Resistance/Support line (dotted) and a Breakout Line (solid). The Support/Resistance not only has a tendency to reverse the price but also increases the probability of the MRI leading to a full reversal if the line is not broken. By breaking this dotted line, you increase the probability of entering the Extension of Trend. The Breakout line tends to notify the trader that the trend is very strong and continuing. As an example of Support line, here is a recent 1 hour BITSTAMP:BTCUSD chart Here is FX_IDC:EURUSD as of today on a daily chart which shows the Extension of trends once these critical support/resistance and breakout lines are taken out. The indicator also shows you if the MRI is hitting critical levels on higher level time frames. We have set the defaults to Hourly (H), Daily (D), Weekly (W), Monthly (M) and Yearly (Y). You can turn these off in settings and you can also add up to 3 additional custom timeframes of your choice to the display list. When MRI lines up across several time frames it has a history of causing significant moves, here is an example of NSE:TITAN which fell 25% after aligning with the Daily, Weekly and Monthly timeframes for a top. The recent top in TVC:GOLD came on a Friday which had a Daily Extension B & C top. The following Monday kicked off a weekly MRI Top and a week later was the start of September, which happens to be a Monthly MRI Top. Gold is still trending lower as of today and is down 11% since this top less than 2 months ago. One final note on the multi-timeframe is that if you have the Hourly (H) set to display on a chart that only has end of day data, the Indicator will not work so make sure to uncheck all timeframes that can't be identified in the settings. Here are additional charts that show the power of MRI including cryptocurrencies: Recent 25% crash in BINANCE:BNBBTC Of course we have to mention BITSTAMP:BTCUSD here is how MRI called the time period around the big crash in March 2020. There was a very timely MRI Top several weeks prior and once the Support line broke, it went right down into a nice MRI Bottom. Volatility Index Weekly & Daily as of today CBOE:VIX Here is the current look at the weekly USD chart TVC:DXY you can see how it tops on Extension C in March and seems to have bottomed with the MRI in late August. One more look at a stock chart, here we have the Weekly NASDAQ:SBUX as of today, it perfectly oscillates between the MRI calls the last two years. Disclaimer : Trading is risky and using MRI (like any other indicator) does not guarantee positive returns. It does not blindly provide Buy/Sell/Short calls and the trader will need to evaluate every alert. “The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.” - Jesse Livermore Personal Note: I would like to credit the following people that all lead to the knowledge needed to build the MRI: Larry Williams, Tom DeMark, Tyler Jenks, Martin Armstrong & Kevin O’Dowd (most of whom I have met or interacted with) Thank you everyone, if this indicator interests you, you know what to do... Good Luck Trader, Tone Vays
Pine Script® indicator
by ToneVays
82
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
Smart Envelope - Running Away From The TrendIntroduction Envelopes indicators consist in displaying one upper and one lower extremity on the price chart. They are most of the time built by adding/subtracting a volatility estimator (rolling stdev, atr, range...etc) to a central tendency estimator (SMA, EMA, LSMA...etc) . Their interpretation is often subject to debate amongst technical analyst, some will use a support and resistance methodology, where price will start a downtrend once it cross the upper extremity, and a down trend once it cross the lower one. Others will prefer a breakout methodology, where price will reach higher highs once it cross the upper extremity, and lower lows when it cross the lower one. Because of price non stationarity its hard to select the best methodology, the support and resistance one will mostly work on ranging markets, while the breakout methodology mostly work on trending ones. Therefore new methods where proposed, instead of using moving averages with a high lag, faster filters where used, such as the least squares moving average or zero lag exponential moving average, other band indicators where also created using adaptive filters, but improvements remain relatively low. The most difficult task would be to make extremities with the ability to return accurate support and resistances levels, and today i want to provide a new way to construct such extremities by using the recursive bands framework that allow extremely creative and efficient indicators. The Main Idea With classical bands indicators, the upper and lower extremity will still be correlated with the main trend, the problem behind such method is that we can't use a support and resistance methodology with trending markets, the fact that reversals exist tells us that our extremities will always be crossed by the main trend, here is an example : Here the support is correlated with the main trend, in order for it to be accurate we must assume the trend will go on for ever, and will only detect higher lows, this is what we expect with the orange line, but we can see that a severe down trend totally destroy our plan. In short we need to give some headroom to our extremities, and thus one extremity can't be correlated with the main trend. The proposed Indicator We want to minimize the correlation between the extremities, so if the upper extremity rise, the lower one must fall. This allow to give some headroom and allow the user to anticipate larger movements, this is how bands seeking to give support and resistances points should work. The indicator has a length setting that control the wideness of the extremities, unlike other indicators low values such as 14 can still create really wide bands, take that into account. length = 5. Lower length values allow for more motion from the extremities, but does not necessarily involve detecting shorter terms support and resistances levels. The factor setting is not that important, but it allow to return extremities with more motion when high, and really wide bands when below 1 and greater than 0. Central Tendency Estimator Something fun with the recursive band framework is that the bands are no longer based on the central tendency estimator but its the central tendency estimator who is based on the bands. The central tendency estimator can also provide support and resistances points with the price, like classical moving averages, altho its lack of motion is this time a downside. Conclusion Altho the extremities are more accurate than other band indicators, the problem remain the same, larger trend will always break the extremities and continue creating higher/lower highs/lows, at this point our stop loss would certainly be triggered. This is a huge downsides of contrarian strategy, we sure might anticipate reversals earlier, but we are exposed to larger price movements, therefore the risk is extreme. But the proposed methodology might still prove useful to develop more robust support and resistances levels based on envelopes indicators. Thanks for reading !
Pine Script® indicator
by alexgrover
15
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
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
BT SpikeBT Spike is a lightweight but highly effective alert engine designed to identify moments of unusual volatility and volume expansion . These spikes often appear at the very beginning of major moves, giving traders early insight into: Momentum ignition Breakout confirmation Liquidity shifts Stop runs & displacement moves Trend acceleration High-impact expansions before news or volatility events Rather than watching charts all day, BT Spike allows traders to receive instant alerts whenever the market enters an abnormal volatility regime. --- ■ What BT Spike Measures 1. ATR Spike Detects sudden expansion in true range (micro-volatility). This often marks the beginning of a displacement candle. 2. Volume Spike Identifies candles where volume exceeds typical market participation. 3. Combined Spike A powerful signal triggered only when both conditions occur together: ATR Spike AND Volume Spike 4. Spike Score (0–100) A normalized measure of spike intensity. • Higher score → Stronger anomaly • 90+ → Extreme event (liquidity shifts, stop runs, institutional activity) --- ■ Visual Elements • True Range Line Shows per-candle volatility relative to baseline ATR. • Volume Bars (Color-Scaled) Volume bars turn: Green for bullish spikes Red for bearish spikes Intensity based on Spike Score Gray during normal activity This creates a clear volatility heatmap directly in the volume panel. • Spike Score Histogram Helps visually identify: Minor spikes Major volatility clusters Extreme anomalies • Threshold Lines Yellow = Minor Orange = Major Red = Extreme --- ■ Why BT Spike Is Useful Spike-based analysis helps traders: Catch large moves early Confirm breakouts and avoid fake ones Identify when smart money enters the market Find the start of momentum legs Monitor many charts with alerts instead of manual watching A spike is often the first footprint of a meaningful move. --- ■ Practical Trading Uses 1. Breakout Confirmation A breakout with no spike is often weak. A breakout with a spike is typically genuine and sustained. 2. Reversal Detection Extreme spike after a sweep often signals a reversal event. 3. Trend Ignition Spikes frequently occur at the beginning of: Trend legs News-driven surges Momentum continuation moves 4. Divergence With Price High-volume, high-ATR spikes with little price movement can indicate: Absorption Trap conditions Exhaustion 5. Alert-Driven Market Monitoring Set alerts for: ATR Spike Volume Spike Combined Spike Major Spike (Score ≥ threshold) Extreme Spike (Score ≥ threshold) This allows traders to walk away while still catching every volatility event. --- ■ Spike Score Guide 0–30 → Mild noise 30–60 → Minor shift 60–80 → Strong volatility expansion 80–95 → Major spike (high-impact) 95–100 → Extreme event (institutional presence, sweeps, stop runs) --- ■ Final Summary BT Spike gives traders: Early detection of volatility expansion Bull/Bear intensity visualization Powerful alert automation A universal signal layer that fits any strategy Cleaner insight into where major moves originate BT Spike = Your volatility radar . It tells you when to look at a chart—before the move happens.
Pine Script® indicator
by bangtrades
Std Dev Reversal LevelsPlots standard deviation bands around a central mean to identify statistically extreme price levels where reversals are likely. How It Works Price statistically tends to stay within predictable ranges around its mean. This indicator plots sigma (σ) levels showing where price becomes statistically extended. Green lines: Levels above the mean (+1σ to +5σ) Red lines: Levels below the mean (-1σ to -5σ) White line: Center/mean (optional) How To Use Set timeframe to 1D or 4H Use Statistical method with 20-30 lookback Watch for price touching ±3σ levels Look for reversal confirmation at these extremes Target the center line for mean reversion plays
Pine Script® indicator
by ISuckAtTrading
1
Engulfing Detector by RWBTradeLabEngulfing Detector by RWBTradeLab A clean, non-repainting engulfing pattern detector designed for traders who rely on price action and candle confirmation. What this indicator does This script automatically identifies and highlights two types of engulfing patterns on closed candles only: 1. Regular Engulfing (R EG) * Regular Buy EG: A bullish candle fully engulfs the previous bearish candle’s high. * Regular Sell EG: A bearish candle fully engulfs the previous bullish candle’s low. 2. E-Regular Engulfing (ER EG) * Detects “extended” engulfing setups where a strong base candle is followed by 2 or more opposite-color candles and then a confirming engulf close. * Useful for spotting delayed but powerful reversals. Visuals on chart * A rectangle (box) is drawn from the base candle to the confirmation candle. * Optional text labels appear above/below the box (offset adjustable). * Separate color controls for: - Regular Buy / Regular Sell - E-Regular Buy / E-Regular Sell Alerts Built-in alerts trigger only at candle close: * R Buy EG * R Sell EG * ER Buy EG * ER Sell EG Each alert includes price and time in the message. Key settings * Candle Length: Scans last N closed candles (running candle excluded). * On/Off toggles: Enable/disable each engulfing type and labels individually. * Text Offset (%): Controls label distance from the box. Non-repainting confirmation All signals and alerts are calculated using confirmed bars only. No running-bar signals → no repainting. Best use Works on any market and timeframe. For higher reliability, combine with: * Key S/R zones * Trend direction * Volume or structure confirmation Disclaimer: This indicator is a pattern-detection tool, not financial advice. Trading involves risk; always use proper risk management and confirm signals with your own analysis. Creator: RWBTradeLab If you find this useful, please leave a like ⭐ and share your feedback.
Pine Script® indicator
by RWBTradeLab
RSI HunterConcept and Methodology This indicator is an advanced technical tool that "reverse engineers" J. Welles Wilder’s standard Relative Strength Index (RSI). While a standard RSI takes price data and outputs an oscillator value (0-100), this script performs the inverse operation. It calculates exactly what Price the current candle must reach to generate a specific RSI value (e.g., RSI 74 or RSI 26). By projecting these price levels onto the chart, traders can visualize Overbought and Oversold zones in real-time, turning the RSI from a lagging confirmation tool into a leading price-target system. Key Features 1. Multi-Timeframe (MTF) Projection The indicator allows you to map RSI levels from a higher timeframe onto your current chart. For example, you can view the 3-Hour RSI "Overbought" price levels while trading on a 5-minute chart. This creates distinct "stepped" support and resistance lines that remain valid for the duration of the higher timeframe's candle. 2. Dual Zone Logic The script projects two distinct bands of resistance and support: Inner Zone (Early Warning): Defaults to RSI 69 / 31. This represents the initial threshold of over-extension. Outer Zone (Extreme): Defaults to RSI 74 / 26. This represents statistical extremes where mean reversion probabilities are higher. Zone Shading: The area between the Inner and Outer lines is shaded (Red for Resistance, Green for Support) to visually identify the "Reversal Zone." 3. Smart Wick & Rejection Filter (New) This version introduces a robust filtration system designed to reduce false signals during strong trending moves (often referred to as "falling knives"). How it works: The signal logic is Intra-bar Aware. It continuously asks two questions: Did the price touch the zone? (Did the High/Low breach the Inner line?) Did the price reject? (Did the candle Close back inside the neutral channel?) The Result: Signals are generated only when the price tests the level but closes safely back inside the range. This captures both long-tail wick rejections (single bar) and trend reversals, while suppressing signals when the candle closes deep inside the Overbought/Oversold zones. How to Interpret Stepped Lines: These are the dynamic resistance (Red) and support (Green) levels based on the selected Timeframe's RSI. Large Arrows (Deep Red / Lime Green): Triggered when price touches the Outer (Extreme) band and rejects/closes back below the Inner band. Small Arrows (Standard Red / Green): Triggered when price touches the Inner (Early) band and rejects/closes back, but did not reach the Outer extreme. Settings & Defaults RSI Length: 23 Timeframe: 3 Hours (180 minutes) Targets: 74/26 (Outer) and 69/31 (Inner) Filter: "Wait for Confirmed Exit" is ON by default. Disclaimer This tool is for informational and educational purposes only. RSI projections are mathematical calculations based on historical price averages and do not guarantee future market movements. Always use proper risk management.
Pine Script® indicator
by AlgorionTechnologies
CCI [Hash Adaptive]Adaptive CCI Pro: Professional Technical Analysis Indicator The Commodity Channel Index is a momentum oscillator developed by Donald Lambert in 1980. CCI measures the relationship between an asset's price and its statistical average, identifying cyclical turns and overbought/oversold conditions. The indicator oscillates around zero, with values above +100 indicating overbought conditions and values below -100 suggesting oversold conditions. Standard CCI Formula: (Typical Price - Moving Average) / (0.015 × Mean Deviation) This indicator transforms the traditional CCI into a sophisticated visual analysis tool through several key enhancements: Implements dual exponential moving average smoothing to eliminate market noise Preserves signal integrity while reducing false signals Adaptive smoothing responds to market volatility conditions Dynamic Color Visualization System Continuous gradient transitions from red (bearish momentum) to green (bullish momentum) Real-time color intensity reflects momentum strength Eliminates discrete color jumps for fluid visual interpretation Adaptive Intelligence Features Dynamic overbought/oversold thresholds adapt to market conditions Reduces false signals during high volatility periods Maintains sensitivity during low volatility environments Momentum Vector Analysis Incorporates velocity calculations for early trend identification Crossover detection with momentum confirmation Advanced signal filtering reduces market noise Extreme Level Analysis Values above +100: Strong overbought conditions, potential reversal zones Values below -100: Strong oversold conditions, potential buying opportunities Zero-line crossovers: Momentum shift confirmation Optimization Parameters CCI Period (Default: 14) Shorter periods (10-12): Increased sensitivity, more signals Standard periods (14-20): Balanced responsiveness and reliability Longer periods (21-30): Reduced noise, stronger signal confirmation Smoothing Factor (Default: 5) Lower values (1-3): Maximum responsiveness, suitable for scalping Medium values (4-6): Balanced approach for swing trading Higher values (7-10): Institutional-grade smoothness for position trading Signal Sensitivity (Default: 6) Conservative (7-10): High-probability signals, reduced frequency Balanced (5-6): Optimal risk-reward ratio Aggressive (1-4): Maximum signal generation, requires additional confirmation Strategic Implementation Oversold reversals in red zones with momentum confirmation Zero-line breaks with sustained color transitions Extreme readings followed by momentum divergence Risk Management Use extreme levels (+100/-100) for position sizing decisions Monitor color intensity for momentum strength assessment Combine with price action analysis for comprehensive market view Market Context Application Trending markets: Focus on momentum direction and extreme readings Range-bound markets: Utilize overbought/oversold levels for mean reversion Volatile markets: Increase smoothing parameters and signal sensitivity Professional Advantages Instantaneous momentum assessment through color visualization Reduced cognitive load compared to traditional oscillators Professional presentation suitable for client reporting Adaptive Technology Self-adjusting parameters reduce manual optimization requirements Consistent performance across varying market conditions Advanced mathematics eliminate common CCI limitations The Adaptive CCI Pro represents the evolution of momentum analysis, combining Lambert's foundational CCI concept with modern computational techniques to deliver institutional-grade market intelligence through an intuitive visual interface.
Pine Script® indicator
by Hash_Capital
2-1-2 ReversalThis indicator identifies all 2-1-2 price action patterns on any chart or time frame — both reversals and continuations — based on Rob Smith’s The Strat trading system. 🟢 Bullish 2-1-2: Detected when a directional candle (2D or 2U), followed by an inside bar (1), is followed by a break to the upside (2U). 🔴 Bearish 2-1-2: Detected when a directional candle (2U or 2D), followed by an inside bar (1), is followed by a break to the downside (2D). ✅ Key Features: Works on any time frame (1m to Monthly) No filters — shows every valid 2-1-2 setup Detects both reversal and continuation patterns 🔔 Built-in alert conditions for Bullish and Bearish setups 🔍 Great for strat traders who want to catch all opportunities, not just hand-picked ones 🧠 Use Case Tips: Combine with higher time frame trend or broadening formations for confirmation Works well with sectors (SPY, QQQ, XLE) and ETFs for strat alignment Add volume, EMA, or other custom confluences for advanced filtering
Pine Script® indicator
by LorPlant
Three-Bar Reversal/ContinuationThis indicator identifies a three-bar expansion pattern based on range and volume, designed to highlight moments when the market pushes strongly, pauses, and then resumes with confirmation. Detection Logic * Bar (two bars ago) must show sufficient strength, determined by the number of conditions met. * Bar (one bar ago) must be neutral (strength = 0), marking a brief pause. *Bar (current bar) must continue the expansion, with range and volume greater than the prior bar. (Bar is used as a safeguard to prevent repeated detection during ongoing strong moves) Strength Scoring Each bar is scored 0–3 based on which of the following conditions it satisfies: * Range exceeds a multiple of the recent average * Volume exceeds a multiple of the recent average * Range × volume exceeds a multiple of the recent average The detection level input controls how many of these conditions must hold to classify a bar as “strong.” This allows tuning from permissive (1 condition) to strict (all 3 conditions). Parameters & Utility * length: Lookback period for moving averages of span, volume, and span×volume. Larger values smooth the averages, reducing false positives; smaller values increase sensitivity. * coeff: Multiplicative threshold to define an unusually strong bar. Higher values reduce frequency but increase reliability. * detectLevel: Minimum number of conditions that must be met for a bar to count as “strong.” * showCont: Whether to allow continuation signals away from local extrema (if false, only reversals near highs/lows are considered). * symbolUp / symbolDown: Customizable plotting symbols for bullish/bearish signals. * showStrength: Plots tiny dots indicating the strength of each bar (1–3). Rationale This structure captures a recurring market motif: strong push → brief pause → renewed push, where the renewed activity is confirmed by both price expansion and volume. Using a combination of statistical thresholds (range, volume, range×volume) and price structure ensures that signals are both measurable and visually interpretable. Usage Notes * This setup allows traders to visually or systematically identify potential reversal or continuation points while controlling sensitivity to noise. * Designed as a mechanical filter rather than a fully automated trading system. Signals highlight notable activity but do not dictate entry, exit, or risk management. * Works best when combined with trend/context filters or higher-timeframe analysis. * Adjust the parameters based on the volatility of the instrument and timeframe.
Pine Script® indicator
by abuzka
Price Action Key Level Break & Retest — Instant ReversalThis script identifies high-confidence support and resistance levels using pivot points and multi-step retest confirmation. It helps traders detect reliable breakout and reversal zones using price action. How It Works: 1. The script scans for pivot highs and lows on the chart to identify potential key levels. 2. Each level is monitored for multiple retests (configurable by the user). The more a level is tested and holds, the stronger it becomes. 3. When price interacts with a key level: o A Support signal occurs if the level acts as support after multiple retests. o A Resistance signal occurs if the level acts as resistance after multiple retests. o If a signal fails (price breaks the level), an opposite signal is automatically placed at the breach point. 4. Optional volume filter validates the strength of moves, reducing false signals. 5. Horizontal Line Visualization: Support and Resistance signals are represented by drawing manually horizontal lines, which remain on the chart regardless of scrolling, zooming, or candle compression and helps traders to identify the breakout of key levels Example: • Suppose a stock forms a pivot low at ₹1,000. • Price retraces and touches ₹1,000 two to three times, holding each time — the level is confirmed as strong support. • The script places a buy line at ₹1,000. • If price breaks below ₹1,000 after holding it for multiple retests, the script automatically generates a Resistance Signal at the breach point, signaling a potential trend reversal. • That Resistance Signal act as Resistance level throughout. if such Resistance level breaks out above, it act as Support level and vice versa • This allows traders to react adaptively, entering trades based on confirmed support or resistance while managing risk. Why It’s Useful: • Focuses on multi-retest confirmation rather than single touch points, reducing false signals. • To draw horizontal lines on key levels, providing clear visualization of key levels without clutter. • Integrates adaptive breach signals, so traders can respond when levels fail. • Suitable for swing, intraday, and trend-following strategies. How to Use: 1. Apply the script to any timeframe. 2. Configure pivot detection length and maximum retests to match trading style. 3. Enable the optional volume filter for stronger signal validation. 4. Monitor the horizontal lines for Support/Resistance signals and opposite signals at breaches. 5. Combine with other technical analysis if desired. Concepts Behind the Script: • Pivot-based support and resistance • Multi-retest validation for stronger levels • Adaptive opposite signals for failed levels • Volume-based confirmation for reliability • Horizontal line visualization for easy tracking Key Features: Horizontal Lines visualization: Support and Resistance levels remain on the chart permanently, providing constant visual reference. Multi-Timeframe Compatible: Can be applied on any timeframe; lines and breach logic adjust automatically. Optional Noise Filters: Volume and retest filters improve signal reliability. Why It’s Worth Paying: • Uses multi-retest confirmation to reduce false signals compared to standard support/resistance scripts. • Provides adaptive opposite signals for failed levels — giving traders an actionable edge. • Visualizes key levels as fixed horizontal lines, helping traders track trends clearly. • Works across multiple timeframes — suitable for intraday, swing, or trend-following strategies. How to Request Access: This script is invite-only on TradingView. To get access: 1. DM me on TradingView with your username. 2. Access is granted individually to ensure proper use and avoid unauthorized sharing. 3. Once approved, you can apply the script to your charts immediately and benefit from high-confidence level detection. Disclaimer: Trading involves risk. Signals are based on historical price action and should be used alongside other technical analysis and risk management strategies. Past performance does not guarantee future results. This is an analytical tool; it does not provide investment advice.
Pine Script® indicator
by StockPredictor
1
VRD-5: Volume Reversal Detector (5 Bars)Overview This Pine Script indicator detects potential trend reversals based on volume patterns over a 5-bar period. It identifies accumulation (bullish) and distribution (bearish) patterns using volume analysis combined with price action. Key Features Volume Analysis: Compares current volume to a 34-period SMA Identifies strong/weak volume using configurable thresholds Calculates volume "energy" as a 5-bar average ratio Pattern Detection: Bearish Signal: Looks for decreasing volume after a strong volume bar Bullish Signal: Looks for increasing volume after weak volume bars Visualization: Colored volume histogram (bullish/bearish/neutral) SMA volume line Labels for detected signals Customization Options: Adjustable lookback period (3-10 bars) Configurable thresholds for volume strength Strict mode requiring confirming price action Suggested Improvements Performance Optimization: Reduce the max_labels_count (currently 500) to improve performance Consider using barstate.isconfirmed for more efficient calculations Enhanced Visualization: Add arrows on price chart for better visibility Include a background color highlight for signal periods Add option to display the energy level as a separate line Additional Features: Incorporate RSI or MACD for confirmation Add multi-timeframe analysis capability Include a strategy version for backtesting Code Structure: Separate the logic into distinct functions for better readability Add more detailed comments for complex calculations Consider using varip for real-time updates if needed User Experience: Add input options for label text size/position Include sound options for alerts Add a toggle for the information table This indicator provides a solid foundation for volume-based reversal detection that could be further enhanced with these improvements while maintaining its core functionality.
Pine Script® indicator
by mjarry8123