Get started

Search in scripts for "smart"

QuantLabs Multi Asset Similarity Matrix [V3 Final]The Market is a graph. See the flows: The QuantLabs MASM is not a standard correlation table. It is an Alpha-Grade Scanner architected to reveal the hidden "hydraulic" relationships between global macro assets in real-time. Rebuilt from the ground up for Version 3, this engine pushes the absolute limits of the Pine Script™ runtime. It utilizes a proprietary Logarithmic Math Engine, Symmetric Compute Optimization, and a futuristic "Ghost Mode" interface to deliver a 15x15 real-time correlation matrix with zero lag. Under the Hood: The Quant Architecture We stripped away standard libraries to build a lean, high-performance engine designed for institutional-grade accuracy. 1. Alpha Math Engine (Logarithmic Returns) Most tools calculate correlation based on Price, which generates spurious signals (e.g., "Everything is correlated in a bull run"). The Solution: Our engine computes Logarithmic Returns (log(close /close )) by default. This measures the correlation of change (Velocity & Vector), not price levels. The Result: A mathematically rigorous view of statistical relationships that filters out the noise of general market drift. Dual-Core: Toggle seamlessly between "Alpha Mode" (Log Returns) for verified stats and "Visual Mode" (Price) for trend alignment. Calculation Modes: Pearson (Standard), Euclidean (Distance), Cosine (Vector), Manhattan (Grid). 2. Symmetric Compute Optimization Calculating a 15x15 matrix requires evaluating 225 unique relationships per bar, which often crashes memory limits. The Fix: The V3 Engine utilizes Symmetric Logic, recognizing that Correlation(A, B) == Correlation(B, A). The Gain: By computing only the lower triangle of the matrix and mirroring pointers to the upper triangle, we reduced computational load by 50%, ensuring a lightning-fast data feed even on lower timeframes. 3. Context-Aware "Ghost Mode" The UI is designed for professional traders who need focus, not clutter. Smart Detection: The matrix automatically detects your current chart's Ticker ID. If you are trading QQQ, the matrix will visually highlight the Nas100 row and column, making them opaque and bright while dimming the rest. Dynamic Transparency: Irrelevant data ("Noise" < 0.3 correlation) fades into the background. Only significant "Alpha Signals" (> 0.7) glow with full Neon Saturation. Key Features Dominant Flow Scanner: The matrix scans all 105 unique pairs every tick and prints the #1 Strongest Correlation at the bottom of the pane (e.g., DOMINANT FLOW: Bitcoin ↔ Nas100 ). Streak Counter: A "Stubbornness" metric that tracks how many consecutive days a strong correlation has persisted. Instantly identify if a move is a "flash event" or a "structural trend." Neon Palette: Proprietary color mapping using Electric Blue (+1.0) for lockstep correlation and Deep Red (-1.0) for inverse hedging. Usage Guide Placement: Best viewed in a bottom pane (Footer). Assets: Pre-loaded with the Essential 15 Macro Drivers (Indices, BTC, Gold, Oil, Rates, FX, Key Sectors). Fully editable via settings (Ticker|Name). Reading the Grid: 🔵 Bright Blue: Assets moving in lockstep (Risk-On). 🔴 Bright Red: Assets moving perfectly opposite (Hedge/Risk-Off). ⚫ Faded/Black: No statistical relationship (Decoupled). Key Improvements Made: Formatting: Added clear bullet points and bolding to make it scannable. Clarity: Clarified the "Logarithmic Returns" section to explain why it matters (Velocity vs. Price Levels). Tone: Maintained the "high-tech/quant" vibe but removed slightly clunky phrases like "spurious signals" (unless you prefer that academic tone, in which case I left it in as it fits the persona). Structure: Grouped the "Modes" under the Math Engine for better logic. Created and designed with love by David James @QuantLabs : )
Pine Script® indicator
by CustomQuantLabs
Trappp's Advanced Multi-Timeframe Trading ToolkitThis comprehensive trading script by Trappp provides a complete market analysis framework with multiple timeframe support and resistance levels. The indicator features: Key Levels: · Monthly (light blue dashed) and Weekly (gold dashed) levels for long-term context · Previous day high/low (yellow) with range display · Pivot-based support/resistance (pink dashed) · Premarket levels (blue) for pre-market activity Intraday Levels: · 1-minute opening candle (red) · 5-minute (white), 15-minute (green), and 30-minute (purple) session levels · All intraday levels extend right throughout the trading day Technical Features: · EMA 50/200 cross detection with alert labels · Candlestick pattern recognition near key levels · Smart proximity detection using ATR · Automatic daily/weekly/monthly updates Trappp's script is designed for traders who need immediate visual reference of critical price levels across multiple timeframes, helping identify potential breakouts, reversals, and pattern-based setups with clear, color-coded visuals for quick decision-making.
Pine Script® indicator
by AntonioUA
RSI Distribution [Kodexius]RSI Distribution is a statistics driven visualization companion for the classic RSI oscillator. In addition to plotting RSI itself, it continuously builds a rolling sample of recent RSI values and projects their distribution as a forward drawn histogram, so you can see where RSI has spent most of its time over the selected lookback window. The indicator is designed to add context to oscillator readings. Instead of only treating RSI as a single point estimate that is either “high” or “low”, you can evaluate the current RSI level relative to its own recent history. This makes it easier to recognize when the market is operating inside a familiar regime, and when RSI is pushing into rarer tail conditions that tend to appear during momentum bursts, exhaustion, or volatility expansion. To complement the histogram, the script can optionally overlay a Gaussian curve fitted to the sample mean and standard deviation. It also runs a Jarque Bera normality check, based on skewness and excess kurtosis, and surfaces the result both visually and in a compact dashboard. On the oscillator panel itself, RSI is presented with a clean gradient line and standard overbought and oversold references, with fills that become more visible when RSI meaningfully extends beyond key thresholds. 🔹 Features 1. Distribution Histogram of Recent RSI Values The script stores the last N RSI values in an internal sample and uses that rolling window to compute a frequency distribution across a user selected number of bins. The histogram is drawn into the future by a configurable width in bars, which keeps it readable and prevents it from colliding with the active RSI plot. The result is a compact visual summary of where RSI clusters most often, whether it is spending more time near the center, or shifting toward higher or lower regimes. 2. Gaussian Overlay for Shape Intuition If enabled, a fitted bell curve is drawn on top of the histogram using the sample mean and standard deviation. This overlay is not intended as a direct trading signal. Its purpose is to provide a fast visual comparator between the empirical RSI distribution and a theoretical normal shape. When the histogram diverges strongly from the curve, you can quickly spot skew, heavy tails, or regime changes that often occur when market structure or volatility conditions shift. 3. Jarque Bera Normality Check With Clear PASS/FAIL Feedback The script computes skewness and excess kurtosis from the RSI sample, then forms the Jarque Bera statistic and compares it to a fixed 95% critical value. When the distribution is closer to normal under this test, the status is marked as PASS, otherwise it is marked as FAIL. This result is displayed in the dashboard and can also influence the histogram styling, giving immediate feedback about whether the recent RSI behavior resembles a bell shaped distribution or a more distorted, regime driven profile. Jarque Bera is a goodness of fit test that evaluates whether a dataset looks consistent with a normal distribution by checking two shape properties: skewness (asymmetry) and kurtosis (tail heaviness, expressed here as excess kurtosis where a perfect normal has 0). Under the null hypothesis of normality, skewness should be near 0 and excess kurtosis should be near 0. The test combines deviations in both into a single statistic, which is then compared to a chi square threshold. A PASS in this script means the sample does not show strong evidence against normality at the chosen threshold, while a FAIL means the sample is meaningfully skewed, heavy tailed, or both. In practical trading terms, a FAIL often suggests RSI is behaving in a regime where extremes and asymmetry are more common, which is typical during strong trends, volatility expansions, or one sided market pressure. It is still a statistical diagnostic, not a prediction tool, and results can vary with lookback length and market conditions. 4. Integrated Stats Dashboard A compact table in the top right summarizes key distribution moments and the normality result: Mean, StdDev, Skewness, Kurtosis, and the JB statistic with PASS/FAIL text. Skewness is color coded by sign to quickly distinguish right skew (more time at higher RSI) versus left skew (more time at lower RSI), which can be helpful when diagnosing trend bias and momentum persistence. 5. RSI Visual Quality and Context Zones RSI is plotted with a gradient color scheme and standard overbought and oversold reference lines. The overbought and oversold areas are filled with a smart gradient so visual emphasis increases when RSI meaningfully extends beyond the 70 and 30 regions, improving readability without overwhelming the panel. 🔹 Calculations This section summarizes the main calculations and transformations used internally. 1. RSI Series RSI is computed from the selected source and length using the standard RSI function: rsi_val = ta.rsi(rsi_src, rsi_len) 2. Rolling Sample Collection A float array stores recent RSI values. Each bar appends the newest RSI, and if the array exceeds the configured lookback, the oldest value is removed. Conceptually: rsi_history.push(rsi_val) if rsi_history.size() > lookback rsi_history.shift() This maintains a fixed size window that represents the most recent RSI behavior. 3. Mean, Variance, and Standard Deviation The script computes the sample mean across the array. Variance is computed as sample variance using (n - 1) in the denominator, and standard deviation is the square root of that variance. These values serve both the dashboard display and the Gaussian overlay parameters. 4. Skewness and Excess Kurtosis Skewness is calculated from the standardized third central moment with a small sample correction. Kurtosis is computed as excess kurtosis (kurtosis minus 3), so the normal baseline is 0. These two metrics summarize asymmetry and tail heaviness, which are the core ingredients for the Jarque Bera statistic. 5. Jarque Bera Statistic and Decision Rule Using skewness S and excess kurtosis K, the Jarque Bera statistic is computed as: JB = (n / 6.0) * (S^2 + 0.25 * K^2) Normality is flagged using a fixed critical value: is_normal = JB < 5.991 This produces a simple PASS/FAIL classification suitable for fast chart interpretation. 6. Histogram Binning and Scaling The RSI domain is treated as 0 to 100 and divided into a configurable number of bins. Bin size is: bin_size = 100.0 / bins Each RSI sample maps to a bin index via floor(rsi / bin_size), with clamping to ensure the index stays within valid bounds. The script counts occurrences per bin, tracks the maximum frequency, and normalizes each bar height by freq/max_freq so the histogram remains visually stable and comparable as the window updates. 7. Gaussian Curve Overlay (Optional) The Gaussian overlay uses the normal probability density function with mu as the sample mean and sigma as the sample standard deviation: normal_pdf(x) = (1 / (sigma * sqrt(2*pi))) * exp(-0.5 * ((x - mu)/sigma)^2) For drawing, the script samples x across the histogram width, evaluates the PDF, and normalizes it relative to its peak so the curve fits within the same visual height scale as the histogram.
Pine Script® indicator
by Kodexius
Gold Smart Scalper AI V21. The "Red Zone" (News Management) The strategy logic does not "know" when the Federal Reserve is speaking. Rule: Disable the strategy or stop taking signals 15 minutes before and after high-impact news (CPI, NFP, FOMC). Why: During these times, Gold can move $30 in seconds. Slippage will cause your $1.50 Stop Loss to execute much further away, leading to massive drawdown. 2. Session Selection Gold "Scalping" requires high liquidity and tight spreads. Discretionary Filter: Only trade during the London/New York overlap (13:00 – 17:00 UTC). Avoid: The late Asian session or Sunday market open. Spreads often widen to $0.50–$1.00, meaning you are already down 30-50% of your Stop Loss the moment you enter. 3. Market "Mood" (Trend vs. Range) Trend Context: If the 50 EMA (the White line) is completely flat, the market is in a "Bracket." In this state, EMA crossovers generate many false signals. The Adjustment: Discretionary traders wait for the 50 EMA to show a clear slope (up or down) before trusting the 9/21 crossover signals.
Pine Script® strategy
by techtrader_ravi
Impulse Trend Suite (LITE) v4🚀 Impulse Trend Suite (LITE) — v4 Smart trend visualization with precise flip arrows. A lightweight, momentum-filtered trend tool designed to stay clean, avoid repeated signals, and keep you focused only on real market direction. 📌 Core Features Trend flip arrows (no spam, 1 signal per turn) Continuous background zones (gap-free trend shading) Adaptive Baseline + ATR structure channel RSI + MACD momentum filter (suppresses weak signals) Trend Status Panel (UP, DOWN, NEUTRAL) 🔍 Quick Guide BUY setup = green arrow + green background SELL setup = red arrow + red background Stay in the move while color doesn’t change ATR channel helps avoid chasing overextended candles ======================================================== 📈 Works on Forex, Stocks, Crypto, Indices, Metals ⌚ Scalping • Intraday • Swing • Long-term ========================================================== ⚠️ Backtest before trading live. Happy trading and many pips!
Pine Script® indicator
by FxShareRobots
Hicham XAUUSD Key Levels PRO (Custom Series) V2🔑 XAUUSD Key Levels PRO | 1H / 4H Structure + Psychological Levels v2 This indicator is designed specifically for Gold (XAUUSD) traders who want clean, institutional-grade key levels without chart clutter. It combines market structure levels with true psychological price levels used by institutions, making it ideal for scalping, intraday, and swing trading. 📌 Features 🔹 Market Structure Key Levels Automatic 1H & 4H High / Low detection Based on swing pivots (configurable strength) Solid lines for clear structure visibility 🔹 Gold Psychological Levels (XAUUSD) Major levels: every 500$ (strong institutional zones) Medium levels: every 250$ Minor levels: every 10$ Dynamic levels around current price No line spam, optimized performance 🔹 Visual Clarity Solid / dashed / dotted line styles Custom colors & line thickness Optional price labels Works perfectly on M1 → H4 🎯 Best Use Cases Liquidity sweeps & reactions Premium / discount zones Stop-loss & take-profit placement Confluence with BOS / CHoCH London & New York sessions ⚙️ Fully Customizable Toggle 1H / 4H levels Adjust psychological level spacing Enable / disable labels Clean & lightweight (no lag) ⚠️ Notes Optimized for XAUUSD (Gold) Best results when combined with price action & structure Not a trading signal indicator If you want: Session-based levels Alerts on key levels Smart Money Concepts integration Feel free to comment or DM 👊 Happy trading 💛📈 Open-source script In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules. hichamfata Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Pine Script® indicator
by hichamfata
ICT MTF FVG BPR Toolkit [D4A}The ICT MTF FVG BPR Toolkit encompasses the following 5 components: - Fair Value Gaps - current timeframe - Fair Value Gaps - higher timeframe - BPR - Balanced Price Range - Long Wicks - which are considered to be gaps by ICT - Immediate Rebalance - it leaves no gaps, but is as important in assessing current workflow This is advanced Fair Value Gaps script that uses trading methodology taught by ICT trader. To use it effectively it requires at least some basic knowledge of Smart Money Concepts (SMC) as outlined in ICT's lectures found on YT. I may publish another SMC related scripts in future if this kind of tool is useful to anybody. The idea behind this work, is to have all the necessary tools related to Fair Value Gaps in one script that is easy to use (requires SMC knowledge), fully customizable and will keep the chart as clutter free as possible. Since, I could not find a ready-made script which would tick all my requirements, I created this new script, partially by borrowing some ideas and code from existing open source projects that I liked. Rather than re-inventing the wheel, I focused on adopting and improving existing solutions and have them work together in one tool that could present the information accurately and in a polished way, where the trader can customize almost everything. Full credit goes to other coders, who tackled this subject before me, but particularly to: QuantVue LuxAlgo pmk07 The script have these unique features: - Can present FVGs from up to 3 different timeframes at any given interval - The amount and interval of higher timeframe FVGs is fully customizable - FVGs can be displayed based on size - Volume Imbalance can be included as part of FVG (as recommended by ICT) - Higher timeframe FVGs can have quadrants displayed along with C.E. (based on ATR filter) - Both current and higher timeframe FVGs can be displayed in different ways depending on price interactions - BPR which works on current timeframe only - Long Wick detection logic has been slightly changed from the original LuxAlgo code - Immediate Rebalance code has been simplified and re-focused on clarity ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems 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, 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. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script® indicator
by dub4art
BTC - VDD Multiple (Approx)Overview & Philosophy ⚠️ Note: This indicator is optimized for the Daily (1D) Timeframe. Please switch your chart to 1D for accurate signal reading. The BTC – VDD Multiple (Approx) is an advanced oscillator designed to identify market overheating and cycle tops by analyzing the velocity of value moving through the market. In traditional On-Chain Analysis, Value Days Destroyed (VDD) is a premier metric for spotting macro tops. It multiplies the coin age (how long a coin was held) by the price at which it was moved. When old coins (HODLer money) move at high prices, VDD spikes, signaling massive profit-taking. The Problem: Real "Coin Days Destroyed" (CDD) data is typically locked behind institutional paywalls or unavailable on standard TradingView plans. The Solution: This script calculates a Deterministic Proxy. By analyzing the relationship between Exchange Volume, Price, and a Dormancy Constant, we can approximate the structure of the VDD Multiple without needing a premium data feed. Methodology The VDD Multiple works by comparing short-term market velocity against a long-term baseline. 1. The Proxy Calculation Since we cannot directly access the age of coins on TradingView, we model the economic weight of the move: Proxy Value = Exchange Volume * Price * Dormancy Factor This creates a synthetic representation of "Value Throughput." 2. The Multiple We compare the immediate heat of the market against the yearly trend: • Short-Term MA (2 Days): Captures flash spikes and sudden liquidity exit events. • Long-Term MA (365 Days): Represents the baseline "hum" of network activity. VDD Multiple = Short Term MA / Long Term MA How to Read the Chart The indicator plots the Multiple as a line and uses background highlighting to signal extreme regimes. 🔴 The Red Zone (Overheated > 2.9) Meaning: Current value transfer is ~3x higher than the yearly average. Interpretation: Historically, sharp spikes into the Red Zone correlate with Local or Cycle Tops. This indicates that massive volume is changing hands at high prices—typically a sign of "Smart Money" distributing into "Dumb Money" FOMO. Note: In strong bull runs, price can push higher even after a VDD spike, but the risk/reward ratio is extremely poor here. 🟢 The Green Zone (Undervalued < 0.75) Meaning: Market activity is quiet and below the yearly baseline. Interpretation: These are periods of apathy or accumulation. Historically, extended time spent in the Green Zone (the "flatline") has offered the best asymmetric buying opportunities. 🟠 The Orange Line (Neutral) Meaning: The market is in transition or equilibrium. Strategy & Context This indicator is best used as a Macro Cycle Tool, not a day-trading signal. • Exit Strategy: Look for "Clusters" of Red Spikes. A single spike often marks a local correction, but a cluster of intense spikes while price makes new highs (Divergence) is a strong Cycle Top warning. • Entry Strategy: Historically the best entries occur when the indicator flattens out in the Green Zone for weeks or months. This suggests sellers are exhausted and the market has reached a floor. Credits This script is an approximation of the original VDD Multiple concept. Full credit for the underlying on-chain theory goes to the pioneers of this metric: • Concept: The original Value Days Destroyed metric was popularized by Hans Hauge and Glassnode. • The Multiple: The specific application of a Short/Long MA Multiple on VDD is widely attributed to analysts like TXMC and Bitbo. This script adapts these concepts for the free TradingView environment using exchange volume proxies. Settings • Data Source: Defaults to BINANCE:BTCUSDT to capture high-volume liquidity. • Short MA: Default is 2 Days to capture rapid velocity spikes. • Long MA: Default is 365 Days to track the annual trend. Disclaimer This tool is an approximation based on exchange volume, not raw blockchain data. While exchange volume and on-chain volume are highly correlated during cycle extremes, they are not identical. This script is for educational and research purposes only. Past performance does not guarantee future results. Tags bitcoin, btc, onchain, vdd, cdd, valuation, cycle, top, bottom, Rob Maths
Pine Script® indicator
by Rob_Maths
Key Levels: Volume Profile POCProfessional Intraday Key Levels (CST) This is a comprehensive, institutional-grade Pine Script indicator designed for intraday traders (Futures, Stocks, Options) operating in the Central Time Zone. It automatically plots the most significant support and resistance levels used by algorithms and professional desks. 1. Core Levels Monitored Daily Levels: Previous Day High (PDH), Low (PDL), Open, Close, and the 50% Midpoint (Equilibrium). Volume Profile POC: Unlike standard indicators that use a simple average, this calculates the Volume Weighted Average Price (VWAP) of the previous day to determine the true "Fair Value" or Point of Control. Plotted with a thicker, distinct purple line. Weekly Magnets: Previous Week High (PWH) and Low (PWL), which often act as major targets for breakouts or reversals. Pre-Market Data: Tracks the High and Low established between 03:00 AM – 08:30 AM CST. Opening Range (OR): Automatically captures the High and Low of the first 60 minutes of the regular session (08:30 AM – 09:30 AM CST). 2. Smart Visualization Features Anti-Overlap Labels: If two levels (e.g., Pre-Market High and Previous Day High) are within 0.02% of each other, the script automatically merges them into a single label (e.g., "PDH & Pre-Market High") to prevent chart clutter. Source Tracing: Trace lines extend backward from the current price level to the exact candle where that High or Low was formed (for Pre-Market and Opening Range levels), giving you instant context on when the level was created. Clean Readability: Labels are displayed in bold, solid text without price numbers, ensuring a clean chart that focuses on level identification rather than data overload. 3. Technical Precision Time Zone Locked: Hardcoded to America/Chicago to ensure Pre-Market and Opening Range calculations remain accurate regardless of your local computer settings. Non-Repainting: Daily and Weekly levels are locked using closed-candle data (lookahead_on), ensuring lines do not shift during the trading day. Buffer Safe: Optimized drawing logic prevents historical buffer errors, even on lower timeframes (1m/5m). 4. Customization Toggle Everything: Every single level has an individual "Show/Hide" checkbox in the settings. Label Sizing: Adjustable text size (Tiny to Huge) and offset positioning. Compact Mode: Option to switch between full names ("Previous Day High") and abbreviations ("PDH").
Pine Script® indicator
by Prospecttrades
1
Andres System - SuperTrend DMI EMAAdvanced Multi-Filter Trading System combining SuperTrend, DMI (Directional Movement Index), and EMA crossovers for high-probability trade entries. **Key Features:** - Real-time DMI table showing trend strength (Sideways/Mild/Normal/Strong/Very Strong) - Filter status dashboard - see exactly which conditions are met - Smart entry logic: signals trigger during entire EMA alignment period, not just at exact crossover - Clear BUY/SELL signals with exit markers - One signal per trade - prevents duplicate entries **Entry Requirements:** LONG: EMA 7 > 21 + SuperTrend bullish + DI+ > 20 SHORT: EMA 7 < 21 + SuperTrend bearish + DI- > 20 **Exit Conditions:** Position closes when EMA crosses back or SuperTrend changes direction **Additional Tools:** - Previous Day High/Low levels - Daily VWAP - Color-coded EMAs (7, 21, 50) - Customizable thresholds for all filters **Best Timeframes:** 4H for swing trading, 1D for position trading All visual elements can be toggled on/off. Alerts available for all signals.
Pine Script® indicator
by acgcapital
Liquidity Sweep + Volume + OB + EMA Cross Exit This strategy is a smart-money–inspired trading system designed to capture high-probability reversals after liquidity is taken from the market. It combines liquidity sweeps, volume confirmation, order block validation, and a dynamic EMA-based exit to control risk and let profits run. Core Concept Institutions first take liquidity, then move price in the real direction. This strategy aims to enter after liquidity is swept and price shows confirmation. 1️⃣ Liquidity Sweep Detection 2️⃣ Volume Confirmation 3️⃣ Order Block Identification 4️⃣ EMA Trend Filter (Optional Entry Bias) 5️⃣ Trade Entry Logic 6️⃣ Exit Strategy – EMA Cross Exit Benefits: Lets strong trends run Exits automatically when momentum weakens Adapts to different market conditions 🛡 Risk & Trade Management One trade at a time (anti-overtrading logic) Early exit if trade moves against position after a few bars Opposite signal forces exit EMA cross provides trend-based exit
Pine Script® strategy
by techtrader_ravi
Hicham XAUUSD Key Levels PRO (1H / 4H + Psychological)🔑 XAUUSD Key Levels PRO | 1H / 4H Structure + Psychological Levels This indicator is designed specifically for Gold (XAUUSD) traders who want clean, institutional-grade key levels without chart clutter. It combines market structure levels with true psychological price levels used by institutions, making it ideal for scalping, intraday, and swing trading. 📌 Features 🔹 Market Structure Key Levels Automatic 1H & 4H High / Low detection Based on swing pivots (configurable strength) Solid lines for clear structure visibility 🔹 Gold Psychological Levels (XAUUSD) Major levels: every 500$ (strong institutional zones) Medium levels: every 250$ Minor levels: every 10$ Dynamic levels around current price No line spam, optimized performance 🔹 Visual Clarity Solid / dashed / dotted line styles Custom colors & line thickness Optional price labels Works perfectly on M1 → H4 🎯 Best Use Cases Liquidity sweeps & reactions Premium / discount zones Stop-loss & take-profit placement Confluence with BOS / CHoCH London & New York sessions ⚙️ Fully Customizable Toggle 1H / 4H levels Adjust psychological level spacing Enable / disable labels Clean & lightweight (no lag) ⚠️ Notes Optimized for XAUUSD (Gold) Best results when combined with price action & structure Not a trading signal indicator If you want: Session-based levels Alerts on key levels Smart Money Concepts integration Feel free to comment or DM 👊 Happy trading 💛📈
Pine Script® indicator
by hichamfata
EMA Slope Angle V2 Auto Threshold# EMA Slope Angle Indicator ## Overview The EMA Slope Angle Indicator visualizes the Exponential Moving Average (EMA) slope as an angle in degrees, providing traders with a clear, quantitative measure of trend strength and direction. The indicator features **automatic threshold calculation based on Gaussian distribution**, making it adaptive to any market and timeframe. ## Key Features ### 🎯 **Automatic Threshold Calculation (NEW!)** - **Gaussian Distribution-Based**: Automatically calculates optimal thresholds from the 50% interquartile range (IQR) of historical angle data - **Asset-Adaptive**: Thresholds adjust to each instrument's unique volatility and price characteristics - **No Manual Tuning Required**: Simply enable "Use Auto Thresholds" and let the indicator optimize itself ### 📊 **Dynamic EMA Coloring** - **Color Intensity**: EMA line color intensity reflects slope strength - **Visual Feedback**: - Green shades for uptrends (darker = stronger) - Red shades for downtrends (darker = stronger) - Gray for flat/neutral conditions ### 📈 **Regime Detection** - **Three Regimes**: RISING, FALLING, and FLAT - **Smart Classification**: Based on statistical distribution of angles - **Non-Repainting**: All calculations use confirmed bars only ### 🔔 **Trend-Shift Signals** - **Visual Arrows**: Automatic signals when transitioning from FLAT to RISING/FALLING - **Configurable**: Enable/disable signals as needed - **Reliable**: Only triggers on significant regime changes ### 📋 **KPI Dashboard** - **Real-Time Metrics**: Current angle, regime, and last signal - **Auto-Threshold Display**: Shows calculated thresholds when auto-mode is active - **Statistics**: Optional angle distribution statistics - **Clean Layout**: Top-right corner, non-intrusive ### 📊 **Angle Statistics (Optional)** - **Distribution Analysis**: Histogram of angle ranges - **Dynamic Buckets**: Automatically adjusts to data distribution when auto-mode is enabled - **Percentage Breakdown**: See how often each angle range occurs ## Settings ### Main Settings - **EMA Length**: Period for the Exponential Moving Average (default: 50) - **Slope Lookback Bars**: Number of bars to calculate slope over (default: 5) ### Angle Settings - **Use Auto Thresholds**: Enable automatic threshold calculation (recommended!) - **Analysis Period**: Number of bars to analyze for distribution (default: 500) - **Manual Thresholds**: Flat, Rising, and Falling triggers (used when auto-mode is off) - **Max Angle for Color Saturation**: Maximum angle for color intensity scaling ### Display Options - **Colors**: Customize uptrend, downtrend, and flat colors - **Show Signals**: Enable/disable trend-shift arrows - **Show Statistics**: Display angle distribution table - **Show Dashboard**: Toggle KPI dashboard visibility ## How It Works ### Angle Calculation The indicator calculates the angle between the current EMA value and the EMA value N bars ago: ``` Angle = arctan((EMA_now - EMA_then) / lookback) × 180° / π ``` ### Auto-Threshold Calculation When enabled, the indicator: 1. Analyzes historical angle data over the specified period 2. Calculates mean and standard deviation 3. Determines thresholds based on the 50% interquartile range (IQR): - **Flat Threshold**: ±0.674σ (middle 50% of data) - **Rising Trigger**: 75th percentile (mean + 0.674σ) - **Falling Trigger**: 25th percentile (mean - 0.674σ) ### Regime Classification - **FLAT**: Angle within ±Flat Threshold - **RISING**: Angle ≥ Rising Trigger - **FALLING**: Angle ≤ Falling Trigger ## Use Cases ### Trend Following - Identify strong trends (high angle values) - Spot trend reversals (regime changes) - Filter trades based on trend strength ### Range Trading - Detect flat/consolidation periods - Avoid trading during choppy markets - Enter when regime shifts from FLAT to RISING/FALLING ### Multi-Timeframe Analysis - Apply to different timeframes for confirmation - Use higher timeframe for trend direction - Use lower timeframe for entry timing ## Tips for Best Results 1. **Enable Auto-Thresholds**: Let the indicator adapt to your instrument 2. **Adjust Analysis Period**: Use more bars for stable markets, fewer for volatile ones 3. **Combine with Price Action**: Use regime changes as confirmation, not standalone signals 4. **Multi-Timeframe**: Check higher timeframes for trend context 5. **Backtest First**: Test settings on historical data before live trading ## Technical Details - **Non-Repainting**: All calculations use `barstate.isconfirmed` - **Pine Script v6**: Latest version for optimal performance - **Efficient**: Minimal computational overhead - **Customizable**: Extensive settings for fine-tuning ## Version History **v2.0** (Current) - Added automatic threshold calculation based on Gaussian distribution - Dynamic bucket adjustment for statistics - Enhanced dashboard with auto-threshold display - Improved regime detection using IQR method **v1.0** - Initial release with manual thresholds - Basic EMA coloring - Trend-shift signals - KPI dashboard ## Support For questions, suggestions, or bug reports, please leave a comment or contact the author. --- **Disclaimer**: This indicator is for educational purposes only. Past performance does not guarantee future results. Always use proper risk management and never risk more than you can afford to lose. **Keywords**: EMA, slope, angle, trend, automatic thresholds, Gaussian distribution, regime detection, non-repainting, adaptive
Pine Script® indicator
by Lean_Trading
Future Ichimoku Cloud - HorizonIchimoku Horizon is an advanced Ichimoku indicator that projects future cloud formations and component lines, giving traders unprecedented visibility into potential support/resistance zones before they form. 1. Future Ichimoku Projections Project Ichimoku components forward in time using simulated price evolution based on rolling Tenkan/Kijun windows Manual forecast periods up to 125 bars (all 4 components) or 500 bars (cloud only) Smart limit management automatically adjusts to TradingView's drawing object limits while maximizing visible projections 2. Preset & Custom Ichimoku Configurations Choose from multiple common Ichimoku presets or fully customize your own 3. Multi-Timeframe Display & Projections Display Ichimoku from higher/lower timeframes directly on your current timeframe chart Automatic scaling adjusts Ichimoku periods correctly across timeframes Intelligent handling of 24/7 markets (crypto/forex) vs traditional session-based markets Built-in detection of problematic timeframe combinations with optional MTF cloud fetching for accuracy Automatic notifications when future projections are unavailable due to MTF constraints 4. Tenkan & Kijun Range Windows Visual range windows that display the exact high/low range used for Tenkan and Kijun calculations Optional High/Low markers placed at the exact bars they occur Optional countdown labels show how many bars remain until the current High/Low expires from the rolling window Range windows scale up and down dynamically to match display timeframe 5. Comprehensive Alert Suite Built-in alerts for all major Ichimoku events: TK crosses, E2E entires, Kumo breakouts, etc. All alerts are cloud-aware and displacement-correct. How It Works The indicator uses the traditional Donchian channel method to calculate Ichimoku components, then extends this logic forward by simulating future price action within the calculation windows (no new highs or lows). This creates a forward-looking projection of where support and resistance zones will form. The range display feature helps traders understand why the lines are where they are by showing the exact high/low points and countdown timers for when these points will expire from the calculation. Who This Indicator Is For: Ichimoku traders who want future-aware context Multi-timeframe analysts seeking correctly aligned clouds Traders who want to understand Tenkan/Kijun mechanics Users who need precision without manual recalculation Notes: Maximum 500 drawing objects limit managed automatically Due to Pinescript/TradingView limitations, future Tenkan/Kijun line width is only modifiable in the source code.
Pine Script® indicator
by CryptoPl3be
UNDETECTED FX - 250 Pip LevelsIndicator Description – UNDETECTED FX: 250-Pip Psychological Levels This indicator automatically plots major 250-pip psychological levels on XAUUSD and highlights the price zones around them. These levels act as strong reaction points where liquidity, reversals, and institutional activity commonly occur. What the Indicator Does ✔ Plots every 250-pip level starting from a user-defined base (e.g., 4050 → 4075 → 4100 → 4125 → …) ✔ Each level is represented by a thick black horizontal line for maximum visual clarity ✔ Around every 250-pip level, the indicator draws a liquidity zone Top of zone: +200 pips Bottom of zone: –200 pips (configured as ± zoneHalf in settings) ✔ Uses extend: both, so levels stretch across the entire chart and stay fixed, no matter how far you scroll ✔ Zones are filled with a customizable color for clear premium/discount visualization ✔ The indicator never repaints and requires no updates after drawing — all levels are fixed on their price coordinates Why It’s Useful 🔹 Helps quickly identify institutional levels where gold often reacts 🔹 Acts as a framework for scalping, intraday trading, and swing bias 🔹 Makes it easy to spot liquidity sweeps, rejections, and premium/discount areas 🔹 Clearly shows market structure breaks around key psychological levels 🔹 Forces discipline by creating predefined, fixed levels for trading decisions Best Use Case XAUUSD scalpers Intraday traders who rely on precision entries Traders who use psychological levels, liquidity grabs, or smart-money concepts Anyone wanting a clean, non-cluttered chart with high-impact levels only
Pine Script® indicator
by Undetectedd
X-trend Volume Anomaly 📊 X-TREND Volume Anomaly: Advanced VSA Analysis Effective market analysis requires understanding the relationship between Price Action and Volume. X-Trend Volume Anomaly is a technical instrument that simplifies Volume Spread Analysis (VSA) into a clear, visual system. It allows traders to instantly decode the footprint of "Smart Money" by analyzing the correlation between Relative Volume (RVOL) and Candle Range. The algorithm automatically classifies market behavior into three distinct states: 1. 🟢🔴 Impulse (Trend Validation) Logic: High Relative Volume + High Price Range. Interpretation: Represents genuine market intent. Institutional aggregators are aggressively pushing price. This confirms the validity of a breakout or trend continuation. 2. 🟠 Absorption / Churn (Reversal Warning) Logic: Ultra-High Relative Volume + Low Price Range (Doji, Pin-bar). Interpretation: The critical signal. This indicates a major divergence between Effort (Volume) and Result (Price Movement). Large players are absorbing liquidity via limit orders, halting the trend. This is often a precursor to an immediate reversal. (See the Orange candle in the chart examples). 3. 👻 Ghost Mode (Noise Reduction) Logic: Candles with low/insignificant volume are rendered in a transparent gray scale. Utility: Eliminates visual noise, allowing the trader to focus exclusively on significant liquidity events and institutional activity. ⚙️ SYSTEM SYNERGY While this indicator provides robust standalone volume analysis, it is engineered to function as the Volume Confirmation Layer within the X-Trend Ecosystem. For a complete institutional trading setup, we recommend pairing this tool with: X-Trend Reversal (PRO): For precise, non-repainting entry signals. X-Trend Liquidation Heatmap: For identifying high-probability price targets.
Pine Script® indicator
by Dev0880
2
INSTITUTIONAL VOLUME PROFILE + FIBONACCI + ENHANCED SIGNALS🎯 INSTITUTIONAL VOLUME PROFILE + FIBONACCI + ENHANCED SIGNALS A professional-grade indicator combining Volume Profile analysis, Fibonacci retracements, Anchored VWAP, and intelligent signal filtering to identify high-probability institutional positioning and trade setups. 📊 CORE FEATURES ▸ Volume Profile with POC (Point of Control) - Visualizes where institutional volume accumulated - Identifies High Volume Nodes (HVN) as key support/resistance - Shows Value Area (70% volume zone) for market equilibrium ▸ Dynamic Fibonacci Levels - Auto-detects swing high/low for retracement levels - Golden Pocket (0.618-0.65) highlight zone - Bull/bear direction recognition ▸ Anchored VWAP - Anchored to swing range start - Institutional mean reversion baseline - Real-time trend bias indicator ▸ Graded Signal System (A+/B/C) - A+ Signals: High probability setups (VWAP cross + POC alignment) - B Signals: Above-average quality (VWAP cross above POC) - C Signals: Lower probability (counter-trend setups) 🎮 DISPLAY MODES ⚡ TRADING LIVE MODE - Clean chart showing only A+ signals - Minimal visual noise for active trading - Perfect for intraday execution 📈 FULL OVERVIEW MODE - Complete analysis with all zones visible - Volume Profile + Fibonacci + Value Area - All signal grades displayed - Statistics dashboard 🔬 ADVANCED SIGNAL FILTERS ✓ Volume Confirmation - Requires above-average volume on signals - Filters out weak institutional participation - Configurable volume multiple (default 1.2x) ✓ Momentum Filter - Ensures price momentum aligns with signal direction - Prevents counter-trend entries - Configurable lookback period ✓ SR Proximity Upgrade ⭐ GAME CHANGER - Automatically upgrades B/C signals to A+ when near key levels - Detects proximity to POC and HVN zones - Combines technical confluence for best setups 🔔 SMART ALERTS ▸ Configurable alerts for A+, B, or C signals ▸ Real-time notifications to your device ▸ No need to watch charts constantly ▸ "Once per bar close" prevents repainting 💡 HOW TO USE FOR DAY TRADING: 1. Switch to "Trading Live" mode 2. Enable only A+ alerts 3. Set filters: Volume 1.5x, Momentum ON, Proximity 0.3% 4. Trade only A+ signals at key levels FOR SWING TRADING: 1. Use "Full Overview" mode 2. Analyze Value Area and Fibonacci confluence 3. Set filters: Volume 1.2x, Momentum ON, Proximity 0.8% 4. Enter on A+ signals with multi-timeframe confirmation FOR ANALYSIS: 1. Full Overview mode with all visuals enabled 2. Disable filters to see all raw signals 3. Study how institutions positioned at key zones 4. Plan trades around POC and Value Area ⚙️ RECOMMENDED SETTINGS 5-15 MIN CHARTS (Scalping): - Lookback: 200-300 bars - Volume: 1.5x, Momentum: 5 bars, Proximity: 0.3% - Trading Live mode + A+ alerts only 1 HOUR CHARTS (Intraday): - Lookback: 300 bars - Volume: 1.3x, Momentum: 3 bars, Proximity: 0.5% - Full Overview or Trading Live 4 HOUR CHARTS (Swing): - Lookback: 300-500 bars - Volume: 1.2x, Momentum: 3 bars, Proximity: 0.8% - Full Overview mode DAILY CHARTS (Position): - Lookback: 300-500 bars - Volume: 1.1x, Momentum: 2 bars, Proximity: 1.0% - Full Overview mode 📈 KEY CONCEPTS POC (Point of Control): Price level with highest volume - acts as magnet Value Area: Zone containing 70% of volume - equilibrium range HVN: High Volume Nodes - institutional accumulation zones AVWAP: Anchored VWAP - institutional average entry price Golden Pocket: 0.618-0.65 Fib zone - highest probability reversal area 🎯 TRADING STRATEGY TIPS 1. Wait for A+ signals - quality over quantity 2. Best setups occur at POC or Value Area boundaries 3. Use multiple timeframes for confirmation 4. Combine with your own risk management rules 5. Signals are high probability, not guaranteed - always use stops
Pine Script® indicator
by TheHeikinAshitrader
7
SUPERTREND VALIDADO ADX EMAS VWAP # Modular Trading System - SuperTrend + ADX + Multi-Filter Confirmation ## Overview Professional modular trading system designed for trend-following strategies on 4H timeframes. Features a clean, mobile-optimized interface with customizable filters and real-time status monitoring. ## Core Features ### Validated Components (Backtested) - **SuperTrend (ATR 10, Multiplier 3.0)**: Primary trend direction filter with visual fill - **ADX >23**: Trend strength confirmation (14-period) - Proven performance: 52.11% win rate, 3.162 profit factor over 4 years ### Additional Filters (Optional) - **DI Spread >9**: Directional movement confirmation - **Volume > EMA20**: Volume confirmation above 20-period average - **EMA System**: 7/21/50 with dynamic coloring - **VWAP**: Daily volume-weighted average price ### Visual Elements - **SuperTrend Line**: Green (bullish) / Red (bearish) with background fill - **EMA 7**: Yellow when ADX >23, White when ADX ≤23 - **EMA 21**: Green (price above) / Red (price below) - **EMA 50**: Blue reference line - **VWAP**: Orange line - **PDH/PDL**: Previous day high/low levels - **EMA Cross Signals**: Small dots marking 7/21 crossovers ### Smart Money Concepts - Automatic Previous Day High (PDH) / Previous Day Low (PDL) tracking - Horizontal lines extending from current price - Clear labeling for support/resistance levels ## Status Dashboard Compact 2-column table (top-right) shows: ``` FILTERS | STATUS 1. ADX >23 | 47.6 OK / 18.2 NO 2. DI Spread >9 | Bullish / Bearish 3. SuperTrend | Bullish / Bearish 4. Volume >EMA20 | 1.25x OK / 0.14x NO ───────────────────────────── SIGNAL | BUY / SELL / WAIT ``` Color-coded backgrounds: - Green: Condition met - Red: Condition not met - Yellow: Waiting for confirmation ## Signal Logic ### Entry Conditions **LONG**: All active filters must align - SuperTrend bullish (green) - ADX >23 - DI+ > DI- (if DI Spread enabled) - Volume > EMA20 (if Volume enabled) - Price > EMA21 and EMA7 > EMA21 (if EMAs enabled) **SHORT**: All active filters must align - SuperTrend bearish (red) - ADX >23 - DI- > DI+ (if DI Spread enabled) - Volume > EMA20 (if Volume enabled) - Price < EMA21 and EMA7 < EMA21 (if EMAs enabled) ### Exit Conditions - SuperTrend direction change - Clear "EXIT" markers on chart ### Position Management - One position per trend (no pyramiding) - Prevents multiple entries in same direction - "WAIT" status when conditions partially met ## Settings & Customization ### Filters (Enable/Disable) **Core Filters:** - ✓ SuperTrend (VALIDATED) - ✓ ADX >23 (VALIDATED) **Additional Filters:** - ⚠️ DI Spread >9 (EXPERIMENTAL) - ⚠️ Volume > EMA20 (EXPERIMENTAL) - ⚠️ EMAs 7/21/50 (EXPERIMENTAL) **Visual:** - Show EMA 7/21 Crosses (dots) ### Parameters **SuperTrend:** - ATR Period: 10 (default) - ATR Multiplier: 3.0 (default) **ADX/DI:** - ADX Length: 14 (default) - ADX Threshold: 23 (default) - DI Spread Threshold: 9 (default) **Volume:** - Volume EMA: 20 (default) **EMAs:** - Fast EMA: 7 (default) - Medium EMA: 21 (default) - Slow EMA: 50 (default) ## Alerts Pre-configured alerts for: - Long Signal (BUY - Entry confirmed) - Short Signal (SELL - Entry confirmed) - Exit Long (EXIT LONG - SuperTrend changed) - Exit Short (EXIT SHORT - SuperTrend changed) - EMA Cross Up (EMA 7 crossed above EMA 21) - EMA Cross Down (EMA 7 crossed below EMA 21) ## Best Practices ### Recommended Setup (Validated System) ``` Enable ONLY: - SuperTrend: ON - ADX >23: ON - All other filters: OFF ``` ### Testing New Filters 1. Enable experimental filters 2. Backtest thoroughly before live trading 3. Compare performance metrics 4. Validate with demo account first ### Timeframe - Optimized for: 4H charts - Tested on: Bitcoin/USDT - Works on: Any trending instrument ## Risk Management This indicator provides entry/exit signals but does NOT include: - Stop loss levels - Take profit targets - Position sizing Always use proper risk management: - Maximum 1-2% risk per trade - Use stop losses - Follow your trading plan ## Performance Notes **Validated Backtest Results (SuperTrend + ADX only):** - Win Rate: 52.11% - Profit Factor: 3.162 - Return: +45.46% (4 years) - Tested Period: 2020-2024 - Instrument: BTC/USDT 4H **Important:** Adding additional filters changes the system. Results may vary. Always backtest your specific configuration before live trading. ## Mobile Optimization - Compact table design - Clear color coding - Minimal chart clutter - Large signal text - Optimized for small screens ## Use Cases ✅ **Ideal for:** - Trend-following strategies - Swing trading (4H timeframe) - Clear market conditions - Systematic traders ❌ **NOT ideal for:** - Scalping (too slow) - Range-bound markets - Counter-trend strategies - Lateral/choppy conditions ## Credits & Methodology Based on proven technical analysis principles: - SuperTrend (volatility-based trend following) - ADX (trend strength measurement) - Directional Indicators (DI+/DI-) - Volume analysis - EMA systems **Designed for:** Disciplined execution over frequent trading **Philosophy:** Quality setups > Quantity of trades ## Disclaimer This indicator is for educational purposes only. Past performance does not guarantee future results. Always: - Test on demo account first - Use proper risk management - Never risk more than you can afford to lose - Consult a financial advisor Trading involves substantial risk. This tool does not constitute financial advice. --- ## Version History **v2.0 (Current)** - Modular filter system - 2-column compact status table - EMA 7 dynamic coloring (yellow when ADX >23) - EMA 50 + VWAP added - PDH/PDL levels - EMA cross markers - Improved signal logic - One position per trend - Multiple alert conditions --- **For support, updates, or feedback, contact the developer.**
Pine Script® indicator
by acgcapital
ICT Candle Reading PROICT Candle Reading – Visual Clean This indicator is designed to provide a clean and precise price reading, based on ICT and Smart Money Concepts, without cluttering the chart. Its purpose is to help traders identify real institutional zones, understand market intention, and improve entry timing, using pure price action. 🔹 What does this indicator show? 🟢 Fair Value Gaps (FVG / Imbalances) Detects market inefficiencies created by impulsive moves. Displayed as clean and minimal boxes extended into the future. Useful as mitigation, reaction, or continuation zones. 🟠 Liquidity Sweeps Highlights liquidity grabs above recent highs or below recent lows. Drawn using dashed horizontal lines. Helps identify market manipulation before the true move. 🔵 Displacement Candles Identifies candles with dominant bodies, showing institutional momentum. Marked with small symbols to keep the chart clean. Useful to confirm impulse starts or shifts in market intent. 🎯 Indicator Philosophy ❌ No lagging indicators ❌ No chart clutter ✅ Real ICT concepts ✅ Clean candle reading ✅ Suitable for scalping, intraday, and swing trading ⚙️ Customization Each concept can be enabled or disabled individually. Zone extension length is adjustable. Optimized for 15M, 1H, and 4H timeframes. 📈 How to use This indicator does not provide automatic buy/sell signals. It is best used with: Higher timeframe bias Market structure Session timing (London / New York) Proper risk management 🧠 Final Notes ICT Candle Reading – Visual Clean helps you see the market from an institutional perspective, focusing only on what truly matters: price, liquidity, and intent.
Pine Script® indicator
by Alxymarketfx
Auto Trend [theUltimator5]The Auto Trend indicator was designed to be a unique pattern detection indicator without the use of standard pivot point logic or high/low lines. It is a study in pattern detection by using iterative best-fit logic. The indicator automatically identifies and draws trend channels by analyzing price action across configurable lookback periods. It finds optimal high and low trendlines that contain price movement, with a middle line marking the trend's center. Key Features: Automatic Pattern Detection - Intelligently searches for the best lookback period where price stays within the channel boundaries Dual Pattern Modes - Choose between Short (20-66 bars) for quick patterns or Long (50-500 bars) for extended trends. Note - the long pattern is fully configurable and can be set anywhere up to 5000 bars. Smart Caching - Optimized performance that only recalculates when necessary Customizable Starting Point - Click directly on the chart to set where the trend channel begins Flexible Lookback Range - Set minimum and maximum lookback periods to match your trading style Visual Debugging - Optional label displays the active lookback period and violation count How It Works: The indicator divides the lookback period into thirds, finds the highest and lowest closes in the first and last thirds, then draws trendlines connecting these points. It can automatically search through different lookback periods to find the one with the fewest price violations (closes outside the channel). Settings: Use Auto Lookback - Enable automatic optimal lookback detection Pattern Length - Short (faster, 1-bar increments) or Long (broader, 5-bar increments) Min/Max Lookback - Define the search range for the Long pattern Manual Lookback - Override auto-detection with a fixed period Custom Colors - Personalize the high, low, and middle line colors Starting Point - Select where the trend analysis begins Use Cases: Identify dominant trend channels across different timeframes Spot potential support and resistance levels Determine trend strength and consistency Time entries and exits based on channel position The indicator supports up to 5000 bars of historical data for comprehensive trend analysis.
Pine Script® indicator
by TheUltimator5