Risk-On / Risk-Off CompositeReal-time Risk-On / Risk-Off Composite from your four ratios:
SPY / TLT (equities vs long bonds)
HYG / LQD (high-yield vs IG credit)
HG / GOLD (copper vs gold)
BTC / GOLD (speculative vs defensive)
It:
normalizes each ratio with a z-score (so they’re comparable),
lets you weight them,
plots a composite line + histogram (up = risk-on, down = risk-off),
shows a small heat-table for each sub-signal,
and includes alert conditions for Risk-On / Risk-Off flips.
Search in scripts for "spy"
Luxy Adaptive MA Cloud - Trend Strength & Signal Tracker V2Luxy Adaptive MA Cloud - Professional Trend Strength & Signal Tracker
Next-generation moving average cloud indicator combining ultra-smooth gradient visualization with intelligent momentum detection. Built for traders who demand clarity, precision, and actionable insights.
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WHAT MAKES THIS INDICATOR SPECIAL?
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Unlike traditional MA indicators that show static lines, Luxy Adaptive MA Cloud creates a living, breathing visualization of market momentum. Here's what sets it apart:
Exponential Gradient Technology
This isn't just a simple fill between two lines. It's a professionally engineered gradient system with 26 precision layers using exponential density distribution. The result? An organic, cloud-like appearance where the center is dramatically darker (15% transparency - where crossovers and price action occur), while edges fade gracefully (75% transparency). Think of it as a visual "heat map" of trend strength.
Dynamic Momentum Intelligence
Most MA clouds only show structure (which MA is on top). This indicator shows momentum strength in real-time through four intelligent states:
- 🟢 Bright Green = Explosive bullish momentum (both MAs rising strongly)
- 🔵 Blue = Weakening bullish (structure intact, but momentum fading)
- 🟠 Orange = Caution zone (bearish structure forming, weak momentum)
- 🔴 Deep Red = Strong bearish momentum (both MAs falling)
The cloud literally tells you when trends are accelerating or losing steam.
Conditional Performance Architecture
Every calculation is optimized for speed. Disable a feature? It stops calculating entirely—not just hidden, but not computed . The 26-layer gradient only renders when enabled. Toggle signals off? Those crossover checks don't run. This makes it one of the most efficient cloud indicators available, even with its advanced visual system.
Zero Repaint Guarantee
All signals and momentum states are based on confirmed bar data only . What you see in historical data is exactly what you would have seen trading live. No lookahead bias. No repainting tricks. No signals that "magically" appear perfect in hindsight. If a signal shows in history, it would have triggered in real-time at that exact moment.
Educational by Design
Every single input includes comprehensive tooltips with:
- Clear explanations of what each parameter does
- Practical examples of when to use different settings
- Recommended configurations for scalping, day trading, and swing trading
- Real-world trading impact ("This affects entry timing" vs "This is visual only")
You're not just getting an indicator—you're learning how to use it effectively .
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THE GRADIENT CLOUD - TECHNICAL DETAILS
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Architecture:
26 precision layers for silk-smooth transitions
Exponential density curve - layers packed tightly near center (where crossovers happen), spread wider at edges
75%-15% transparency range - center is highly opaque (15%), edges fade gracefully (75%)
V-Gradient design - emphasizes the action zone between Fast and Medium MAs
The Four Momentum States:
🟢 GREEN - Strong Bullish
Fast MA above Medium MA
Both MAs rising with momentum > 0.02%
Action: Enter/hold LONG positions, strong uptrend confirmed
🔵 BLUE - Weak Bullish
Fast MA above Medium MA
Weak or flat momentum
Action: Caution - bullish structure but losing strength, consider trailing stops
🟠 ORANGE - Weak Bearish
Medium MA above Fast MA
Weak or flat momentum
Action: Warning - bearish structure developing, consider exits
🔴 RED - Strong Bearish
Medium MA above Fast MA
Both MAs falling with momentum < -0.02%
Action: Enter/hold SHORT positions, strong downtrend confirmed
Smooth Transitions: The momentum score is smoothed using an 8-bar EMA to eliminate noise and prevent whipsaws. You see the true trend , not every minor fluctuation.
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FLEXIBLE MOVING AVERAGE SYSTEM
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Three Customizable MAs:
Fast MA (default: EMA 10) - Reacts quickly to price changes, defines short-term momentum
Medium MA (default: EMA 20) - Balances responsiveness with stability, core trend reference
Slow MA (default: SMA 200, optional) - Long-term trend filter, major support/resistance
Six MA Types Available:
EMA - Exponential; faster response, ideal for momentum and day trading
SMA - Simple; smooth and stable, best for swing trading and trend following
WMA - Weighted; middle ground between EMA and SMA
VWMA - Volume-weighted; reflects market participation, useful for liquid markets
RMA - Wilder's smoothing; used in RSI/ADX, excellent for trend filters
HMA - Hull; extremely responsive with minimal lag, aggressive option
Recommended Settings by Trading Style:
Scalping (1m-5m):
Fast: EMA(5-8)
Medium: EMA(10-15)
Slow: Not needed or EMA(50)
Day Trading (5m-1h):
Fast: EMA(10-12)
Medium: EMA(20-21)
Slow: SMA(200) for bias
Swing Trading (4h-1D):
Fast: EMA(10-20)
Medium: EMA(34-50)
Slow: SMA(200)
Pro Tip: Start with Fast < Medium < Slow lengths. The gradient works best when there's clear separation between Fast and Medium MAs.
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CROSSOVER SIGNALS - CLEAN & RELIABLE
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Golden Cross ⬆ LONG Signal
Fast MA crosses above Medium MA
Classic bullish reversal or trend continuation signal
Most reliable when accompanied by GREEN cloud (strong momentum)
Death Cross ⬇ SHORT Signal
Fast MA crosses below Medium MA
Classic bearish reversal or trend continuation signal
Most reliable when accompanied by RED cloud (strong momentum)
Signal Intelligence:
Anti-spam filter - Minimum 5 bars between signals prevents noise
Clean labels - Placed precisely at crossover points
Alert-ready - Built-in ALERTS for automated trading systems
No repainting - Signals based on confirmed bars only
Signal Quality Assessment:
High-Quality Entry:
Golden Cross + GREEN cloud + Price above both MAs
= Strong bullish setup ✓
Low-Quality Entry (skip or wait):
Golden Cross + ORANGE cloud + Choppy price action
= Weak bullish setup, likely whipsaw ✗
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REAL-TIME INFO PANEL
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An at-a-glance dashboard showing:
Trend Strength Indicator:
Visual display of current momentum state
Color-coded header matching cloud color
Instant recognition of market bias
MA Distance Table:
Shows percentage distance of price from each enabled MA:
Green rows : Price ABOVE MA (bullish)
Red rows : Price BELOW MA (bearish)
Gray rows : Price AT MA (rare, decision point)
Distance Interpretation:
+2% to +5%: Healthy uptrend
+5% to +10%: Getting extended, caution
+10%+: Overextended, expect pullback
-2% to -5%: Testing support
-5% to -10%: Oversold zone
-10%+: Deep correction or downtrend
Customization:
4 corner positions
5 font sizes (Tiny to Huge)
Toggle visibility on/off
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HOW TO USE - PRACTICAL TRADING GUIDE
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STRATEGY 1: Trend Following
Identify trend : Wait for GREEN (bullish) or RED (bearish) cloud
Enter on signal : Golden Cross in GREEN cloud = LONG, Death Cross in RED cloud = SHORT
Hold position : While cloud maintains color
Exit signals :
• Cloud turns ORANGE/BLUE = momentum weakening, tighten stops
• Opposite crossover = close position
• Cloud turns opposite color = full reversal
STRATEGY 2: Pullback Entries
Confirm trend : GREEN cloud established (bullish bias)
Wait for pullback : Price touches or crosses below Fast MA
Enter when : Price rebounds back above Fast MA with cloud still GREEN
Stop loss : Below Medium MA or recent swing low
Target : Previous high or when cloud weakens
STRATEGY 3: Momentum Confirmation
Your setup triggers : (e.g., chart pattern, support/resistance)
Check cloud color :
• GREEN = proceed with LONG
• RED = proceed with SHORT
• BLUE/ORANGE = skip or reduce size
Use gradient as confluence : Not as primary signal, but as momentum filter
Risk Management Tips:
Never enter against the cloud color (don't LONG in RED cloud)
Reduce position size during BLUE/ORANGE (transition periods)
Place stops beyond Medium MA for swing trades
Use Slow MA (200) as final trend filter - don't SHORT above it in uptrends
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PERFORMANCE & OPTIMIZATION
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Tested On:
Crypto: BTC, ETH, major altcoins
Stocks: SPY, AAPL, TSLA, QQQ
Forex: EUR/USD, GBP/USD, USD/JPY
Indices: S&P 500, NASDAQ, DJI
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TRANSPARENCY & RELIABILITY
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Educational Focus:
Detailed tooltips on every input
Clear documentation of methodology
Practical examples in descriptions
Teaches you why , not just what
Open Logic:
Momentum calculation: (Fast slope + Medium slope) / 2
Smoothing: 8-bar EMA to reduce noise
Thresholds: ±0.02% for strong momentum classification
Everything is transparent and explainable
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COMPLETE FEATURE LIST
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Visual Components:
26-layer exponential gradient cloud
3 customizable moving average lines
Golden Cross / Death Cross labels
Real-time info panel with trend strength
MA distance table
Calculation Features:
6 MA types (EMA, SMA, WMA, VWMA, RMA, HMA)
Momentum-based cloud coloring
Smoothed trend strength scoring
Conditional performance optimization
Customization Options:
All MA lengths adjustable
All colors customizable (when gradient disabled)
Panel position (4 corners)
Font sizes (5 options)
Toggle any feature on/off
Signal Features:
Anti-spam filter (configurable gap)
Clean, non-overlapping labels
Built-in alert conditions
No repainting guarantee
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IMPORTANT DISCLAIMERS
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This indicator is for educational and informational purposes only
Not financial advice - always do your own research
Past performance does not guarantee future results
Use proper risk management - never risk more than you can afford to lose
Test on paper/demo accounts before using with real money
Combine with other analysis methods - no single indicator is perfect
Works best in trending markets; less effective in choppy/sideways conditions
Signals may perform differently in different timeframes and market conditions
The indicator uses historical data for MA calculations - allow sufficient lookback period
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CREDITS & TECHNICAL INFO
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Version: 2.0
Release: October 2025
Special Thanks:
TradingView community for feedback and testing
Pine Script documentation for technical reference
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SUPPORT & UPDATES
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Found a bug? Comment below with:
Ticker symbol
Timeframe
Screenshot if possible
Steps to reproduce
Feature requests? I'm always looking to improve! Share your ideas in the comments.
Questions? Check the tooltips first (hover over any input) - most answers are there. If still stuck, ask in comments.
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Happy Trading!
Remember: The best indicator is the one you understand and use consistently. Take time to learn how the cloud behaves in different market conditions. Practice on paper before going live. Trade smart, manage risk, and may the trends be with you! 🚀
Whales buy & sell🐋 Whales on Wall Street — Buy & Sell Signal Indicator
The Whales on Wall Street Signal Indicator is a precision-built trading tool designed to simplify your decision-making and give you real-time clarity in the market.
It automatically identifies high-probability reversal zones, momentum shifts, and trend confirmations — marking exact Buy (green) and Sell (red) signals based on price action, volume confirmation, and momentum strength.
Built for day traders and scalpers, this indicator eliminates the guesswork by combining multiple technical confluences such as:
EMA & RSI alignment for trend direction
Smart volume spikes for institutional activity
Volatility filters to reduce false signals
Dynamic alerts for entries and exits in real time
Whether you’re trading SPY, QQQ, NVDA, or Tesla, this indicator adapts to any ticker and timeframe — giving you crystal-clear entries, cleaner exits, and the confidence to trade like a whale.
Risk ModuleThis indicator provides a visual reference for position sizing and approximate stop and target placement. It supports trade planning by calculating equalized risk per trade and maintaining consistent exposure across different markets.
For more information about the concept, see the post Position Sizing and Risk Management .
Fixed Fractional Risk
The indicator calculates the number of shares that can be traded to maintain consistent monetary risk. The formula is based on the distance between the current price and stop reference, adjusting position size proportionally. A closer stop results in a larger position size, while a wider stop results in a smaller one.
Position Size = (Account Size × Risk %) ÷ (Entry Price – Stop Price)
Stop and Target
Stop placement is derived from volatility using the Average True Range (ATR). The target is plotted as a multiple of the stop distance, defining the risk-to-reward relationship in R units.
Stop = Price ± ATR × Multiplier
Target = Price ± (R × Risk Distance)
Chart Elements
The stop and target levels are plotted above and below the current price, with the stop marked by a red dot and the target by a green dot. The information table displayed on the chart shows the number of shares to trade, stop level, and target level.
Setup and Configuration
This configuration only needs to be set once, but can be adjusted later if preferred.
1. Start by setting the account size and risk percentage per trade to define the monetary amount risked on each trade. These values form the basis for position size calculation.
2. Set the ATR multiplier to determine stop distance, common values range between 1 and 3 ATR. Lower values place stops closer to price, increasing sensitivity but risking short-term noise. Higher values widen the stop, which reduces noise impact but extends time in risk.
3. Set the R-multiple to determine target distance relative to the stop. A value of 1 represents a 1:1 risk-to-reward relationship. Lower values reduce potential reward but tend to increase win rate, whereas higher values increase potential reward but tend to reduce win rate. The selection depends on system characteristics and trade expectancy.
When the parameters are defined, the indicator displays the stop, target, and calculated position size on the chart. All that remains is to enter the trade with the number of shares shown in the table and place bracket orders at the plotted stop and target levels.
Settings Overview
Account Size / Risk %: Defines account capital and per-trade exposure.
ATR Multiplier: Adjusts stop distance relative to volatility.
R Multiple: Sets target distance relative to stop (risk-reward ratio).
Position: Choose Long or Short direction.
Table Position: Controls information table placement and scale.
Daily Levels: PD / PM / OR (RTH/Pre)# Daily Levels: PD / PM / OR (RTH/Pre)
## Overview
This indicator displays key intraday support and resistance levels for US equity markets, specifically designed for traders who use Previous Day, Pre-Market, and Opening Range levels in their trading strategy.
## Key Features
**Seven Critical Levels Displayed:**
- **PDH (Previous Day High)** - Blue line: The highest price from yesterday's regular trading hours (9:30 AM - 4:00 PM ET)
- **PDL (Previous Day Low)** - Blue line: The lowest price from yesterday's regular trading hours
- **PDC (Previous Day Close)** - Orange line: The closing price from yesterday's regular trading hours
- **PMH (Pre-Market High)** - Yellow line: The highest price during today's pre-market session (4:00 AM - 9:30 AM ET)
- **PML (Pre-Market Low)** - Yellow line: The lowest price during today's pre-market session
- **ORH (Opening Range High)** - Red line: The highest price during the first 30 minutes of trading (9:30 AM - 10:00 AM ET)
- **ORL (Opening Range Low)** - Red line: The lowest price during the first 30 minutes of trading
## How It Works
**At 9:30 AM ET (Market Open):**
- PDH, PDL, PDC levels appear (from previous day's RTH)
- PMH, PML levels appear (from today's pre-market session)
- All lines begin at the 9:30 AM bar and extend right
**At 10:00 AM ET (Opening Range Close):**
- ORH, ORL levels appear (from today's first 30 minutes)
- Lines begin at the 9:30 AM bar and extend right
**Level Persistence:**
- All levels remain visible until the next trading day at 9:30 AM ET
- Levels reset daily for the new trading session
## Use Cases
**Day Trading:**
- Identify key support and resistance zones before placing trades
- Use PDH/PDL as potential profit targets or stop loss areas
- Monitor price reaction at pre-market levels for early trading signals
- Trade breakouts or rejections at opening range levels
**Swing Trading:**
- Assess daily momentum by observing breaks above/below previous day levels
- Use multiple timeframes while maintaining consistent reference points
**Market Structure:**
- Quickly identify if the market is trading above or below key levels
- Recognize accumulation/distribution patterns around these zones
## Technical Details
- **Timezone:** All times referenced are US Eastern Time (America/New_York)
- **Session Windows:**
- Pre-Market: 4:00 AM - 9:30 AM ET
- Regular Trading Hours: 9:30 AM - 4:00 PM ET
- Opening Range: 9:30 AM - 10:00 AM ET
- **Timeframe Agnostic:** Works on any chart timeframe
- **Visual Clarity:** Color-coded lines and labels for easy identification
## Color Scheme
- **Blue:** Previous Day levels (PDH, PDL)
- **Orange:** Previous Day Close (PDC)
- **Yellow:** Pre-Market levels (PMH, PML)
- **Red:** Opening Range levels (ORH, ORL)
## Best Practices
1. Use on US equity indices (SPY, QQQ, ES, NQ) and liquid US stocks
2. Combine with volume analysis for confirmation
3. Pay attention to how price reacts at these levels (bounce vs. break)
4. Most effective during the first 2 hours of trading when volatility is highest
5. Consider the market context (trending vs. ranging) when interpreting these levels
## Note
This indicator is specifically designed for US market hours. Results may vary when applied to international markets or instruments with different trading sessions.
Put Credit Spread System V.1A simple put credit spread system for my nephew, who likes trading. Intended for SPY, QQQ, SLV, GLD, etc if on an uptrend.
CUBE's V17CUBE’s V15.1 — Sparkles ⚡ + Cubes 🟨 + Smart/LC 🟫 + Golden ✨ (multi-signal scalper & trend helper)
CUBE’s V15.1 is a multi-module toolkit for intraday momentum and quick-scalp decision making. It blends a trend engine, VWAP/EMA50 band logic, CRT + Volume pair detection, weighted divergence, OBV-MACD regime flips, and “Sparkles” presets—then fuses them into readable Cube labels and higher-conviction Golden combos.
What it prints (signal taxonomy)
🟨 Cube ++ Incoming — pre-signal when price enters VWAP/EMA50 “yellow” bands with trend alignment.
🟨 Cube’s Buy ++ / Sell ++ — the “plus-plus” confirmations after CRT context; gated to avoid spam.
🟫 Last Chance → 🟫 Last Chance ++ — RSI + divergence-weighted follow-through (waits for a tiny UT flip).
🟪 Smart Cube — post-Cube, waits for KC(1.2) location + OBV presence + divergence stack (more selective).
✨ Golden (Sparkles + Cube) — objective confluence labels that require Sparkles (preset wins) plus a Cube event inside a short window. Comes in Golden-2 (2+ sparkles in 3 bars) and Golden-1 (tight 0–1 bar proximity).
Each label automatically shows “(Quick Scalp)” when price is inside the careful bands, so you know when to downshift risk.
The engines (under the hood)
Trend: Pivot-Point SuperTrend (PPST 2/10/3) drives bullish/bearish context (invertible).
Bands: 5-minute VWAP + EMA50 zones with symbol-aware tolerances (majors/ETFs/crypto/megacaps tuned).
CRT + Volume Spike Pair: detects recent hammer/shooter + volume conditions and uses them to gate higher tiers.
Weighted Divergence: RSI / Stoch (weighted) / CCI / MOM / OBV (weighted) / CMF / MFI (and more) with CRT-recency gates to keep it relevant.
UT micro-flips: tiny ATR trail crosses used to “arm” Last Chance ++ entries.
OBV-MACD regime: structural flips for the Super7 and Smart Cube filters.
Super7 Sparkles: five presets (4/8/15/24/40 bars) that score 9 modules; you can show compact ✨ icons or 9/9 text.
Quick start (60 seconds)
Add to a 1–5m chart of your instrument.
Leave defaults on; optionally toggle “Sparkle Settings” (the presets are already on).
Watch for:
✨ Golden Buy/Sell → higher-quality scalp setups.
🟨 Cube’s Buy/Sell ++ → momentum continuation outside the yellow bands.
🟪 Smart Cube → selective continuation after a Cube with KC/OBV/div confluence.
Use the built-in alerts (see list below) to automate.
Inputs & customization highlights
Invert Trend Logic — flips bull/bear interpretation (useful in range regimes).
Reference TF label anchoring — place labels using a reference timeframe; optional “(tf)” tag.
Careful (Quick-Scalp) palettes — swap label colors when inside bands; hide/show quick-scalp labels per mode.
Duplicate filters — suppress Cube repeats within a window.
Session tools — optional 6:00 PM 5m “reset” box (purple) and 9:30 AM 1m NY Open box (yellow).
Backgrounds — optional ST(10,1) 0.5–0.7 ATR ribbons for context.
Presets — five Sparkle presets with per-side alternation and wipe logic.
Alerts (names as they appear in TradingView)
⬜ Cube’s Buy / Sell (or 🟨 Incoming if trend is inverted)
🟨 CUBE’S BUY ++ / CUBE’S SELL ++ (or “Cube’s … ++” if inverted)
🟫 Buy Last Chance / 🟫 Incoming (Sell Last Chance)
🟫 Cube’s Last Chance Buy ++ / Cube’s Last Chance Sell
🟪 Smart Cube’s Buy / Smart Cube’s Sell
🔔 ALL Cube Alerts (one catch-all)
✨ G✨lden Buy/Sell (Sparkles+Cube) and G✨lden-1/2 variants
Tip: Set close-bar alerts for most signals; if you want early heads-up, allow “once per bar” but expect more noise.
Reading the labels
“(Quick Scalp)” suffix = price inside the VWAP/EMA50 careful bands; tighten targets/size.
Some labels include indicator names + a weighted count (e.g., “Hist RSI MOM 3”) to hint at divergence depth.
Star ⭐ near a label means a CRT+VOL pair was detected within the recent window.
Golden text shows the most recent cube subtype (“Cube ++”, “Smart Cube”, etc.) that satisfied the window rule.
Recommended markets & timeframes
Built-in tuning for: NQ/ES/RTY/YM, GC/CL, XAU/XAG, FX majors, BTC/ETH/SOL, SPY/QQQ/IWM/DIA, and mega-caps (AAPL, MSFT, NVDA, etc.).
Best experience on 1m–5m for intraday. Works on higher TFs but is designed around the 5-minute VWAP/EMA50 backbone.
Best practices
Confluence over single prints: Use ✨ Golden or 🟪 Smart Cube + trend + structure.
Location matters: Prefer signals near session boxes, prior day H/L, and liquidity pools.
Risk first: Size down in (Quick Scalp) zones and during lunch hours/illiquid sessions.
Avoid double-counting: The script already suppresses blatant duplicates—don’t force extra alerts.
Repainting & transparency
Core signals evaluate on confirmed bars; major request.security calls use lookahead_off.
The 1m open/6pm boxes use alignment tricks for placement; they don’t feed signal logic.
As with any multi-TF logic, real-time bars can update intra-bar—use “on close” alerts for strict confirmation.
Disclaimer
This script is for educational purposes. It’s not financial advice and does not guarantee results. Markets carry risk—always test on replay/paper first, know your instrument’s tick/fee structure, and use hard stops.
Dobrusky Volume PulseWhat it does & who it’s for
Volume Pulse is a lightweight, customizable volume profile overlay that shows traders how volume is distributed across price levels over a chosen lookback window. Unlike standard profiles, it also maps cumulative buy/sell pressure at each level, so you see not just where volume clustered, but which side dominated.
Core ideas
Cumulative volume by price: Builds a horizontal profile of traded volume at each level, based on user-defined depth and resolution.
Directional pressure mapping: At every price level, the script accumulates bullish vs. bearish volume based on candle closes vs. opens, providing a directional read on whether buyers or sellers had the upper hand.
POC: Automatically highlights the Point of Control (POC) — the level with the most activity.
Customizable presentation: Adjustable profile resolution, bar width, offset, colors, and whether to show cumulative, directional, or both.
How the components work together
The profile provides the “where,” while the buy/sell mapping adds the “who.” By combining these, traders can see whether a high-volume node was buyer-driven absorption or seller-driven distribution — a distinction classic profiles don’t reveal. This directional overlay reduces the guesswork of interpreting raw volume clusters.
How to use
Apply the overlay to your chart.
Watch the POC and areas of significant increase or decrease in volume (and pressure) as natural magnets or rejection areas.
When trading intraday, I've found that higher timeframe volume levels act as strong magnets. In the chart, you can see the volume levels I've drawn on the SPY daily chart. These levels are targets I use when trading the 5-minute chart.
Pay attention to color dominance at those zones — green-heavy nodes suggest buyer control; red-heavy nodes suggest seller control.
Combine with time-based volume tools and price-action for a more comprehensive trade plan.
Settings overview
Lookback depth: Number of bars used for profile calculation.
Profile resolution: Number of horizontal bars to split volume across price.
Bar style: Width, offset, and multiplier for scaling.
Toggle layers: Choose cumulative, directional, or both.
POC display: Optional highlight of the most traded level.
Limitations & best practices
This is a contextual overlay, not a trade-signal system.
Works best on liquid instruments (indices, futures, major stocks, liquid crypto) where volume distribution is meaningful.
Directional mapping uses candle body bias (close vs. open), not raw order flow. For full tape analysis, pair with actual order flow data.
Originality justification
Dual profile: combines cumulative volume-by-price and buyer/seller pressure per bin (close vs. open) — not a standard VP clone.
From-scratch binning + POC in a single pass for speed; no reused libraries.
Flexible display (cumulative / directional / both) with independent resolution, width, and offset for intraday or HTF use.
Clear visuals (optional POC, balanced node coloring) and open-source code so traders can audit and extend.
PulseGrid Universal Scalper - Adaptive Pulse and Symmetric SpansInstrument agnostic. Works on any symbol and timeframe supported by TradingView.
Message or hit me up in chat for full access .
Purpose and scope
PulseGrid is a short timeframe strategy designed to read intrabar structure and recent path so that entries align with actionable momentum and context. The strategy is private. The description below provides all the information needed to understand how it behaves, how it sizes risk, how to tune it responsibly, and how to evaluate results without making unrealistic claims. The design is instrument agnostic. It runs on any asset class that prints open high low close bars on TradingView. That includes commodities such as Gold and WTI, currencies, crypto, equity indices, and single stocks. Performance will always depend on the symbol’s liquidity, spread, slippage, and session structure, which is why the description focuses on principles and safe parameter ranges instead of hard promises.
What the strategy does at a glance
It builds a composite entry signal named Pulse from five normalized bar features that reflect short term pressure and follow through.
It applies regime guards that keep the strategy inactive when the tape is either too quiet, too bursty, or too directionally random.
It optionally uses a directional filter where a fast and a slow exponential average must agree and their gap must be material relative to recent true range.
When a signal is allowed, risk is sized using symmetric spans that come from nearby untraded price distances above and below the market. The strategy sets a single stop and a single take profit from those spans.
Lines for entry, stop, and take profit are drawn on the chart. A compact on chart table shows trade counts, win rate, average R per trade, and profit factor for all trades, longs only, and shorts only.
This combination yields entries that are reactive but not chaotic, and risk lines that respect the market’s recent path instead of generic pip or point targets.
Why the design is original and useful
The core originality is the union of a composite entry that adapts to volatility and a geometry based risk model. The entry uses five different viewpoints on the same bar space instead of relying on a single technical indicator. The risk model uses spans that come from actual untraded distance rather than fixed multipliers of a generic volatility measure. The result is a framework that is simple to read on a chart and simple to evaluate, yet it avoids the traps of curve fitting to one symbol or one month of data. Because everything is normalized locally, the same logic translates across asset classes with only modest tuning.
The Pulse composite in detail
Pulse is a weighted blend of the following normalized features.
Impulse imbalance. The script sums upward and downward impulses over a short window. An upward impulse is the extension of highs relative to the prior bar. A downward impulse is the extension of lows relative to the prior bar. The net imbalance, scaled by the local range, captures whether extension pressure is building or fading.
Wick and close location. Inside each bar, the distance between the close and the extremes carries information about rejection or acceptance. A bar that closes near the high with relatively heavier lower wick suggests upward acceptance. A bar that closes near the low with heavier upper wick suggests downward acceptance. A weight controls the contribution of wick skew versus close location so that users can favor reversal or momentum behaviour.
Shock touches. Within the recent range window, touches that occur very near the top decile or bottom decile are marked. A short sliding window counts recent shocks. Frequent top shocks in a rising context suggest supply tests. Frequent bottom shocks in a declining context suggest demand tests. The count is normalized by window length.
Breakout ledger. The script compares current extremes to lagged extremes and keeps a simple count of recent upside and downside breakouts. The difference behaves as a short term polarity meter.
Curvature. A simple second difference in closing price acts as a curvature term. It is normalized by the recent maximum of absolute one bar returns so that the value remains bounded and comparable to other terms.
Pulse is smoothed over a fraction of the main signal length. Smoothing removes impulse spikes without destroying the quick reaction that scalpers need. The absolute value of smoothed Pulse can be used with an adaptive gate so that only the top percentile of energy for the recent environment is eligible for entries. A small floor prevents accidental entries during very quiet periods.
Regime guards that keep the strategy selective
Three guards must all pass before any entry can occur.
Auction Balance Factor. This is the proportion of closes that land inside a mid band of the prior bar’s high to low range. High values indicate balanced chop where breakouts tend to fail. Low values indicate directional conditions. The strategy requires ABF to sit below a user chosen maximum.
Dispersion via a Gini style measure on absolute returns. Very low dispersion means bars are small and uniform. Very high dispersion means a few outsized bars dominate and slippage risk can be elevated. The strategy allows the user to require the dispersion measure to remain inside a band that reflects healthy activity.
Binary entropy of direction. Over the core window, the proportion of up closes is used to compute a simple entropy. Values near one indicate coin flip behaviour. Values near zero indicate one sided sequences. The guard requires entropy below a ceiling so that random directionality does not produce noise entries.
An optional directional filter asks that a fast and a slow exponential average agree on direction and that their gap, when divided by an average true range, exceed a threshold. This filter can be enabled on symbols that trend cleanly and disabled when the composite entry is already selective enough.
Risk sizing with symmetric spans
Instead of fixed points or a pure ATR multiplier, the strategy sizes stops and targets from a pair of spans. The upward span reflects recent untraded distance above the market. The downward span reflects recent untraded distance below the market. Each span is floored by a fallback that comes from the maximum of a short simple range average and a standard average true range. A tick based floor prevents microscopic stops on instruments with high tick precision. An asymmetry cap prevents one span from becoming many times larger than the other. For long entries the stop is a multiple of the downward span and the target is a multiple of the upward span. For short entries the stop is a multiple of the upward span and the target is a multiple of the downward span. This creates a risk box that is symmetric by construction yet adaptive to recent voids and gaps.
Execution, ties, and housekeeping
Entries evaluate at bar close. Exits are tested from the next bar forward. If both stop and target are hit within the same bar, the outcome can be resolved in a consistent way that favors the stop or the target according to a single user setting. A short cooldown in bars prevents flip flops. Users can restrict entries to specific sessions such as London and New York. The chart renders entry, stop, and target lines for each trade so that every action is visible. The table in the top right shows trade counts, take profit and stop counts, win rate, average R per trade, and profit factor for the whole set and by direction.
Defaults and responsible backtesting
The default properties in the script use a realistic initial capital and commission value. Users should also set slippage in the strategy properties to reflect their broker and symbol. Small timeframe trading is sensitive to friction and the strategy description does not claim immunity to that reality. The strategy is intended to be tested on a dataset that produces a meaningful sample of trades. A sample in the range of a hundred trades or more is preferred because variance in short samples can be large. On thin symbols or periods with little regular trading, users should either change timeframe, change sessions, or use more selective thresholds so that the sample contains only liquid scenarios.
Universal usage across markets
The strategy is universal by design. It will run and produce lines on any open high low close series on TradingView. The composite entry is made of normalized parts. The regime guards use proportions and bounded measures. The spans use untraded distance and range floors measured in the local price scale. This allows the same logic to function on a currency pair, a commodity, an index future, a stock, or a crypto pair. What changes is calibration.
A safe approach for universal use is as follows.
Start with the default signal length and wick weight.
If the chart prints many weak signals, enable the directional filter and raise the normalized gap threshold slightly.
If the chart is too quiet, lower the adaptive percentile or, with adaptive off, lower the fixed pulse threshold by a small amount.
If stops are too tight in quiet regimes, raise the fallback span multiplier or raise the minimum tick floor in ticks.
If you observe long one sided days, lower the maximum entropy slightly so that entries only occur when directionality is genuine rather than alternating.
Because the logic is bounded and local, these simple steps carry over across symbols. That is why the strategy can be used literally on any asset that you can load on a TradingView chart. The code does not depend on a specific tick size or a specific exchange calendar. It will still remain true that symbols with higher spread or fewer regular trading hours demand stricter thresholds and larger floors.
Suggested parameter ranges for common cases
These ranges are guidelines for one to five minute bars. They are not promises of performance. They reflect the balance between having enough signals to learn from and keeping noise controlled.
Signal length between 18 and 34 for liquid commodities and large capitalization equities.
Wick weight between 0.30 and 0.50 depending on whether you want reversal recognition or close momentum.
Adaptive gate percentile between 85 and 93 when adaptive is enabled. Fixed threshold between 0.10 and 0.18 when adaptive is disabled. Use a non zero floor so very quiet periods still require some energy.
Auction Balance Factor maximum near 0.70 for symbols with clear session bursts. Slightly higher if you prefer to include more balanced prints.
Dispersion band with a lower bound near 0.18 and an upper bound near 0.68 for most session instruments. Tighten the band if you want to skip very bursty days or very flat days.
Entropy maximum near 0.90 so coin flip phases are filtered. Lower the ceiling slightly if the symbol whipsaws frequently.
Stop multiplier near one and take profit multiplier between two and three for a single target approach. Larger target multipliers reduce hit rate and lengthen holding time.
These are safe starting points across commodities, currencies, indices, equities, and crypto. From there, small increments are preferred over dramatic changes.
How to evaluate responsibly
A clean chart and a direct test process help avoid confusion. Use standard candles for signals and exits. If you use a non standard chart type such as Heikin Ashi or Renko, do so only for visualization and not for the strategy’s signal computation, as those chart types can produce unrealistic fills. Turn off other indicators on the published chart unless they are needed to demonstrate a specific property of this strategy. When you post results or discuss outcomes, include the symbol, timeframe, commission and slippage settings, and the session settings used. This makes the context clear and avoids misleading readers.
When you look at results, consider the following.
The distribution of R per trade. A positive average R with a moderate profit factor suggests that exits are sized appropriately for the symbol.
The balance between long and short sides. The HUD table separates the two so you can see if one side carries the edge for that symbol.
The sensitivity to the tie preference. If many bars hit both stop and take profit, the market is chopping inside the risk box and you may need larger floors or stricter regime guards.
The session effect. Session hours matter for many instruments. Align your session filter with where liquidity and volatility concentrate.
Known limitations and honest warnings
PulseGrid is not a guarantee of future profit. It is a systematic way to read short term structure and to size risk in a way that reflects recent path. It assumes that the data feed reflects the exchange reality. It assumes that slippage and spread are non zero and uses explicit commission and user provided slippage to approximate that. It does not place multiple targets. It does not trail stops. It is not a high frequency system and does not attempt to model queue priority or microsecond fills. On illiquid symbols or very short timeframes outside regular hours, signals will be less reliable. Users are responsible for choosing realistic settings and for evaluating whether the symbol’s conditions are suitable.
First use checklist
Load the symbol and timeframe you care about.
If the instrument has clear sessions, turn on the session filter and select realistic London and New York hours or other sessions relevant to the instrument.
Set commission and slippage in the strategy properties to values that match your broker or exchange.
Run the strategy with defaults. Look at the HUD summary and the lines.
Decide whether to enable the directional filter. If you see frequent reversals around the entry line, enable it and raise the normalized gap threshold slightly.
Adjust the adaptive gate. If the chart floods, raise the percentile. If the chart starves, lower it or use a slightly lower fixed threshold.
Adjust the fallback span multiplier and tick floor so that stops are never microscopic.
Review per session performance. If one session underperforms, restrict entries to the better one.
This simple process takes minutes and transfers to any other symbol.
Why this script is private
The source remains private so that the underlying method and its implementation details are not copied or republished. The description here is complete and self contained so that users can understand the purpose, originality, usage, and limitations without needing to inspect the source. Privacy does not change the strategy’s on chart behavior. It only protects the specific coding details.
Guarantee and compliance statements
This description does not contain advertising, solicitations, links, or contact information. It does not make performance promises. It explains how the script is original and how it works. It also warns about limitations and the need for realistic assumptions. The strategy is not investment advice and is not created only for qualified investors. It can be tested and used for educational and research purposes. Users should read TradingView’s documentation on script properties and backtesting. Users should avoid non standard chart types for signal computation because those produce unrealistic results. Users should select realistic account sizes and friction settings. Users should not post claims without showing the settings used.
Closing summary
PulseGrid is a compact framework for short timeframe trading that combines a composite entry built from multiple normalized bar features with a symmetric span model for risk. The entry adapts to volatility. The regime guards keep the strategy inactive when the tape is either too quiet or too erratic. The risk geometry respects recent untraded spans instead of arbitrary distances. The entire design is instrument agnostic. It will run on any symbol that TradingView supports and it will behave consistently across asset classes with modest tuning. Use it with a clean chart, realistic friction, and enough trades to make your evaluation meaningful. Use sessions if the instrument concentrates activity in specific hours. Adjust one control at a time and prefer small increments. The goal is not to find a magic parameter. The goal is to maintain a stable rule set that reads market structure in a way you can trust and audit.
Measured Pattern Move (Bulkowski) [SS]Hey everyone,
This is the Measured Pattern Move using Bulkowski's process for measured move calculation.
What the indicator does:
The indicator has the associated measured move across 20 of the most common and frequent Bulkowski patterns, including:
Double Bottom / Adam Eve Bottom
Double Top / Adam Eve Top
Inverse Head and Shoulders
Bear Flag
Bull Flag
Horn Bottom
Horon Top
Broadening Top
Descending Broadening Wedge
Broadening Bottoms
Broadening Tops
Cup and Handle
Inverted cup and handle
Diamond Bottom
Diamond Top
Falling Wedge
Rising Wedge
Pipe Bottom
Pipe Top
Head and Shoulders
It will calculate the measured move according to the Bulkowski process.
What is the Bulkowski Process?
Each move has an associated continuation percentage, which Bulkowski has studied, analyzed and concluded statistically.
For example, Double tops have a continuation percent of 54%. Bear flags, 47%. These are "constants" that are associated with the pattern.
Bulkowski applies them to the daily, but how I have formulated this, it can be used on all timeframes, and with the constant, it will correctly calculate the measured move of the pattern.
What this indicator DOES NOT DO
This indicator will not identify the pattern for you.
I tried this using Dynamic Time Warping (DTW) using my own pre-trained Bulkowski model in R. I was successfully able to get Pinescript to calculate DTW which was amazing! But applying it to all these patterns actually went over the execution time limit, which is understandable.
As such, you will need to identify the pattern yourself, then use this indicator to hilight the pattern and it will calculate the measured move based on the constant and the pattern range.
Let's look at some examples:
Use examples
Double bottom / adam eve bottom on SPY on the 1-Minute chart
Adam and Eve Double Bottom QQQ 1-Hour Chart
Adam Eve Double Bottom MSFT Daily Chart
Bearish Head and Shoulders Pattern MSFT Daily
You get the point.
How to use the indicator
To use the indicator, identify the pattern of interest to you.
Then, highlight the pattern using the indicator (it will ask you to select start time of the pattern and end time of the pattern). The indicator will then highlight the pattern and calculate the measured move, as seen in the examples above.
Best approaches
To make the most of the indicator, its best to draw out your pattern and wait for an actual break, the point of the break is usually the end of the pattern formation.
From here, you will then apply this indicator to calculate the expected up or down move.
Let me show you an example:
Here we see CME_MINI:ES1! has made an Adam bottom pattern. We know the Eve should be forming soon and it indeed does:
We mark the top of the pattern like so:
Then we use our Measured move indicator to calculate the measured move:
Measured move here for CME_MINI:ES1! is 6,510.
Now let's see....
Voila!
Selecting the Pattern
After you highlight the selected pattern, in the indicator settings, simply select the type of pattern it is, for example "head and shoulders" or "Broadening wedge", etc.
The indicator will then adjust its measurements to the appropriate constant and direction.
Concluding remarks
That is the indicator!
It is helpful for determining the actual projected move of a pattern on breakout.
Remember, it does not find the pattern for you , you are responsible for identifying the pattern. But this will calculate the actual TP of the pattern for you, without you having to do your own calculations.
I hope you find it useful, I actually use this indicator every day, especially on the lower timeframes!
And you will find, the more you use it, the better you get at recognizing significant patterns!
If you are not aware of these patterns, Bulkowski lists all of this information freely accessible on his website. I cannot link it here but you can just Google him and he has graciously made his information public and free!
That's it, I hope you enjoy and safe trades!
Disclaimer
This is not my intellectual property. The pattern calculations come from the work of Thomas Bulkowski and not myself. I simply coded this into an indicator using his publicly accessible information.
You can get more information from Bulkowski's official website about his work and patterns.
January Barometer OverlayDescription:
The January Barometer Overlay is a dynamic Pine Script indicator that visualizes the classic "January Barometer" seasonal forecasting concept directly on your TradingView chart. This tool stretches the intra-month price action of January (relative to its opening close) proportionally across the entire year, creating a predictive projection line that overlays your price candles. It's perfect for spotting potential yearly trends based on January's performance—e.g., if January ends up 5%, the projection forecasts a similar relative gain by December. For multi-year views, it applies a separate stretched projection for each year's January, color-coded for easy distinction: even years in hot yellow, odd years in vibrant pink. Whether you're analyzing stocks like SPY, cryptos like ETHUSD, or forex, this overlay turns historical seasonality into an intuitive, forward-looking guide. Note: It's illustrative for strategy brainstorming, not financial advice—backtest and combine with other indicators for real trades!
Key Features:
Proportional Stretching: Maps January's daily ratios to the full ~365 days (leap years handled automatically).
Future Projection: Extends the line into unloaded future bars for "what-if" forecasting.
Multi-Year Support: Alternating colors (yellow for even years, pink for odd) make historical comparisons pop.
Smooth Interpolation: Linear blending between January points for a clean, non-stepped line.
Historical Edge (S&P 500 Context): The January Barometer has ~75% directional accuracy since 1950, with positive Januaries signaling an 89% chance of yearly gains averaging +21.6%. Use it as a seasonal bias booster!
Instructions to Add and Use on TradingView
1. Search in Indicators: On any chart, click the Indicators button (fx icon) at the top. Search for "January Barometer Overlay" (or your custom title if you rename it).
2. Add to Chart: Select it from the Public Library results—Boom, it's overlaid!
Tips & Limitations:
Works on any ticker, but shines on indices/crypto with clear seasonal patterns.
Requires full January data; projections update live as January progresses.
Not a guarantee—markets evolve! Test on historical data (e.g., 2020's wild January vs. actual crash). If errors pop up, ensure you're on daily bars.
Luxy Momentum, Trend, Bias and Breakout Indicators V7
TABLE OF CONTENTS
This is Version 7 (V7) - the latest and most optimized release. If you are using any older versions (V6, V5, V4, V3, etc.), it is highly recommended to replace them with V7.
Why This Indicator is Different
Who Should Use This
Core Components Overview
The UT Bot Trading System
Understanding the Market Bias Table
Candlestick Pattern Recognition
Visual Tools and Features
How to Use the Indicator
Performance and Optimization
FAQ
---
### CREDITS & ATTRIBUTION
This indicator implements proven trading concepts using entirely original code developed specifically for this project.
### CONCEPTUAL FOUNDATIONS
• UT Bot ATR Trailing System
- Original concept by @QuantNomad: (search "UT-Bot-Strategy"
- Our version is a complete reimplementation with significant enhancements:
- Volume-weighted momentum adjustment
- Composite stop loss from multiple S/R layers
- Multi-filter confirmation system (swing, %, 2-bar, ZLSMA)
- Full integration with multi-timeframe bias table
- Visual audit trail with freeze-on-touch
- NOTE: No code was copied - this is a complete reimplementation with enhancements.
• Standard Technical Indicators (Public Domain Formulas):
- Supertrend: ATR-based trend calculation with custom gradient fills
- MACD: Gerald Appel's formula with separation filters
- RSI: J. Welles Wilder's formula with pullback zone logic
- ADX/DMI: Custom trend strength formula inspired by Wilder's directional movement concept, reimplemented with volume weighting and efficiency metrics
- ZLSMA: Zero-lag formula enhanced with Hull MA and momentum prediction
### Custom Implementations
- Trend Strength: Inspired by Wilder's ADX concept but using volume-weighted pressure calculation and efficiency metrics (not traditional +DI/-DI smoothing)
- All code implementations are original
### ORIGINAL FEATURES (70%+ of codebase)
- Multi-Timeframe Bias Table with live updates
- Risk Management System (R-multiple TPs, freeze-on-touch)
- Opening Range Breakout tracker with session management
- Composite Stop Loss calculator using 6+ S/R layers
- Performance optimization system (caching, conditional calcs)
- VIX Fear Index integration
- Previous Day High/Low auto-detection
- Candlestick pattern recognition with interactive tooltips
- Smart label and visual management
- All UI/UX design and table architecture
### DEVELOPMENT PROCESS
**AI Assistance:** This indicator was developed over 2+ months with AI assistance (ChatGPT/Claude) used for:
- Writing Pine Script code based on design specifications
- Optimizing performance and fixing bugs
- Ensuring Pine Script v6 compliance
- Generating documentation
**Author's Role:** All trading concepts, system design, feature selection, integration logic, and strategic decisions are original work by the author. The AI was a coding tool, not the system designer.
**Transparency:** We believe in full disclosure - this project demonstrates how AI can be used as a powerful development tool while maintaining creative and strategic ownership.
---
1. WHY THIS INDICATOR IS DIFFERENT
Most traders use multiple separate indicators on their charts, leading to cluttered screens, conflicting signals, and analysis paralysis. The Suite solves this by integrating proven technical tools into a single, cohesive system.
Key Advantages:
All-in-One Design: Instead of loading 5-10 separate indicators, you get everything in one optimized script. This reduces chart clutter and improves TradingView performance.
Multi-Timeframe Bias Table: Unlike standard indicators that only show the current timeframe, the Bias Table aggregates trend signals across multiple timeframes simultaneously. See at a glance whether 1m, 5m, 15m, 1h are aligned bullish or bearish - no more switching between charts.
Smart Confirmations: The indicator doesn't just give signals - it shows you WHY. Every entry has multiple layers of confirmation (MA cross, MACD momentum, ADX strength, RSI pullback, volume, etc.) that you can toggle on/off.
Dynamic Stop Loss System: Instead of static ATR stops, the SL is calculated from multiple support/resistance layers: UT trailing line, Supertrend, VWAP, swing structure, and MA levels. This creates more intelligent, price-action-aware stops.
R-Multiple Take Profits: Built-in TP system calculates targets based on your initial risk (1R, 1.5R, 2R, 3R). Lines freeze when touched with visual checkmarks, giving you a clean audit trail of partial exits.
Educational Tooltips Everywhere: Every single input has detailed tooltips explaining what it does, typical values, and how it impacts trading. You're not guessing - you're learning as you configure.
Performance Optimized: Smart caching, conditional calculations, and modular design mean the indicator runs fast despite having 15+ features. Turn off what you don't use for even better performance.
No Repainting: All signals respect bar close. Alerts fire correctly. What you see in history is what you would have gotten in real-time.
What Makes It Unique:
Integrated UT Bot + Bias Table: No other indicator combines UT Bot's ATR trailing system with a live multi-timeframe dashboard. You get precision entries with macro trend context.
Candlestick Pattern Recognition with Interactive Tooltips: Patterns aren't just marked - hover over any emoji for a full explanation of what the pattern means and how to trade it.
Opening Range Breakout Tracker: Built-in ORB system for intraday traders with customizable session times and real-time status updates in the Bias Table.
Previous Day High/Low Auto-Detection: Automatically plots PDH/PDL on intraday charts with theme-aware colors. Updates daily without manual input.
Dynamic Row Labels in Bias Table: The table shows your actual settings (e.g., "EMA 10 > SMA 20") not generic labels. You know exactly what's being evaluated.
Modular Filter System: Instead of forcing a fixed methodology, the indicator lets you build your own strategy. Start with just UT Bot, add filters one at a time, test what works for your style.
---
2. WHO WHOULD USE THIS
Designed For:
Intermediate to Advanced Traders: You understand basic technical analysis (MAs, RSI, MACD) and want to combine multiple confirmations efficiently. This isn't a "one-click profit" system - it's a professional toolkit.
Multi-Timeframe Traders: If you trade one asset but check multiple timeframes for confirmation (e.g., enter on 5m after checking 15m and 1h alignment), the Bias Table will save you hours every week.
Trend Followers: The indicator excels at identifying and following trends using UT Bot, Supertrend, and MA systems. If you trade breakouts and pullbacks in trending markets, this is built for you.
Intraday and Swing Traders: Works equally well on 5m-1h charts (day trading) and 4h-D charts (swing trading). Scalpers can use it too with appropriate settings adjustments.
Discretionary Traders: This isn't a black-box system. You see all the components, understand the logic, and make final decisions. Perfect for traders who want tools, not automation.
Works Across All Markets:
Stocks (US, international)
Cryptocurrency (24/7 markets supported)
Forex pairs
Indices (SPY, QQQ, etc.)
Commodities
NOT Ideal For :
Complete Beginners: If you don't know what a moving average or RSI is, start with basics first. This indicator assumes foundational knowledge.
Algo Traders Seeking Black Box: This is discretionary. Signals require context and confirmation. Not suitable for blind automated execution.
Mean-Reversion Only Traders: The indicator is trend-following at its core. While VWAP bands support mean-reversion, the primary methodology is trend continuation.
---
3. CORE COMPONENTS OVERVIEW
The indicator combines these proven systems:
Trend Analysis:
Moving Averages: Four customizable MAs (Fast, Medium, Medium-Long, Long) with six types to choose from (EMA, SMA, WMA, VWMA, RMA, HMA). Mix and match for your style.
Supertrend: ATR-based trend indicator with unique gradient fill showing trend strength. One-sided ribbon visualization makes it easier to see momentum building or fading.
ZLSMA : Zero-lag linear-regression smoothed moving average. Reduces lag compared to traditional MAs while maintaining smooth curves.
Momentum & Filters:
MACD: Standard MACD with separation filter to avoid weak crossovers.
RSI: Pullback zone detection - only enter longs when RSI is in your defined "buy zone" and shorts in "sell zone".
ADX/DMI: Trend strength measurement with directional filter. Ensures you only trade when there's actual momentum.
Volume Filter: Relative volume confirmation - require above-average volume for entries.
Donchian Breakout: Optional channel breakout requirement.
Signal Systems:
UT Bot: The primary signal generator. ATR trailing stop that adapts to volatility and gives clear entry/exit points.
Base Signals: MA cross system with all the above filters applied. More conservative than UT Bot alone.
Market Bias Table: Multi-timeframe dashboard showing trend alignment across 7 timeframes plus macro bias (3-day, weekly, monthly, quarterly, VIX).
Candlestick Patterns: Six major reversal patterns auto-detected with interactive tooltips.
ORB Tracker: Opening range high/low with breakout status (intraday only).
PDH/PDL: Previous day levels plotted automatically on intraday charts.
VWAP + Bands : Session-anchored VWAP with up to three standard deviation band pairs.
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4. THE UT BOT TRADING SYSTEM
The UT Bot is the heart of the indicator's signal generation. It's an advanced ATR trailing stop that adapts to market volatility.
Why UT Bot is Superior to Fixed Stops:
Traditional ATR stops use a fixed multiplier (e.g., "stop = entry - 2×ATR"). UT Bot is smarter:
It TRAILS the stop as price moves in your favor
It WIDENS during high volatility to avoid premature stops
It TIGHTENS during consolidation to lock in profits
It FLIPS when price breaks the trailing line, signaling reversals
Visual Elements You'll See:
Orange Trailing Line: The actual UT stop level that adapts bar-by-bar
Buy/Sell Labels: Aqua triangle (long) or orange triangle (short) when the line flips
ENTRY Line: Horizontal line at your entry price (optional, can be turned off)
Suggested Stop Loss: A composite SL calculated from multiple support/resistance layers:
- UT trailing line
- Supertrend level
- VWAP
- Swing structure (recent lows/highs)
- Long-term MA (200)
- ATR-based floor
Take Profit Lines: TP1, TP1.5, TP2, TP3 based on R-multiples. When price touches a TP, it's marked with a checkmark and the line freezes for audit trail purposes.
Status Messages: "SL Touched ❌" or "SL Frozen" when the trade leg completes.
How UT Bot Differs from Other ATR Systems:
Multiple Filters Available: You can require 2-bar confirmation, minimum % price change, swing structure alignment, or ZLSMA directional filter. Most UT implementations have none of these.
Smart SL Calculation: Instead of just using the UT line as your stop, the indicator suggests a better SL based on actual support/resistance. This prevents getting stopped out by wicks while keeping risk controlled.
Visual Audit Trail: All SL/TP lines freeze when touched with clear markers. You can review your trades weeks later and see exactly where entries, stops, and targets were.
Performance Options: "Draw UT visuals only on bar close" lets you reduce rendering load without affecting logic or alerts - critical for slower machines or 1m charts.
Trading Logic:
UT Bot flips direction (Buy or Sell signal appears)
Check Bias Table for multi-timeframe confirmation
Optional: Wait for Base signal or candlestick pattern
Enter at signal bar close or next bar open
Place stop at "Suggested Stop Loss" line
Scale out at TP levels (TP1, TP2, TP3)
Exit remaining position on opposite UT signal or stop hit
---
5. UNDERSTANDING THE MARKET BIAS TABLE
This is the indicator's unique multi-timeframe intelligence layer. Instead of looking at one chart at a time, the table aggregates signals across seven timeframes plus macro trend bias.
Why Multi-Timeframe Analysis Matters:
Professional traders check higher and lower timeframes for context:
Is the 1h uptrend aligning with my 5m entry?
Are all short-term timeframes bullish or just one?
Is the daily trend supportive or fighting me?
Doing this manually means opening multiple charts, checking each indicator, and making mental notes. The Bias Table does it automatically in one glance.
Table Structure:
Header Row:
On intraday charts: 1m, 5m, 15m, 30m, 1h, 2h, 4h (toggle which ones you want)
On daily+ charts: D, W, M (automatic)
Green dot next to title = live updating
Headline Rows - Macro Bias:
These show broad market direction over longer periods:
3 Day Bias: Trend over last 3 trading sessions (uses 1h data)
Weekly Bias: Trend over last 5 trading sessions (uses 4h data)
Monthly Bias: Trend over last 30 daily bars
Quarterly Bias: Trend over last 13 weekly bars
VIX Fear Index: Market regime based on VIX level - bullish when low, bearish when high
Opening Range Breakout: Status of price vs. session open range (intraday only)
These rows show text: "BULLISH", "BEARISH", or "NEUTRAL"
Indicator Rows - Technical Signals:
These evaluate your configured indicators across all active timeframes:
Fast MA > Medium MA (shows your actual MA settings, e.g., "EMA 10 > SMA 20")
Price > Long MA (e.g., "Price > SMA 200")
Price > VWAP
MACD > Signal
Supertrend (up/down/neutral)
ZLSMA Rising
RSI In Zone
ADX ≥ Minimum
These rows show emojis: GREEB (bullish), RED (bearish), GRAY/YELLOW (neutral/NA)
AVG Column:
Shows percentage of active timeframes that are bullish for that row. This is the KEY metric:
AVG > 70% = strong multi-timeframe bullish alignment
AVG 40-60% = mixed/choppy, no clear trend
AVG < 30% = strong multi-timeframe bearish alignment
How to Use the Table:
For a long trade:
Check AVG column - want to see > 60% ideally
Check headline bias rows - want to see BULLISH, not BEARISH
Check VIX row - bullish market regime preferred
Check ORB row (intraday) - want ABOVE for longs
Scan indicator rows - more green = better confirmation
For a short trade:
Check AVG column - want to see < 40% ideally
Check headline bias rows - want to see BEARISH, not BULLISH
Check VIX row - bearish market regime preferred
Check ORB row (intraday) - want BELOW for shorts
Scan indicator rows - more red = better confirmation
When AVG is 40-60%:
Market is choppy, mixed signals. Either stay out or reduce position size significantly. These are low-probability environments.
Unique Features:
Dynamic Labels: Row names show your actual settings (e.g., "EMA 10 > SMA 20" not generic "Fast > Slow"). You know exactly what's being evaluated.
Customizable Rows: Turn off rows you don't care about. Only show what matters to your strategy.
Customizable Timeframes: On intraday charts, disable 1m or 4h if you don't trade them. Reduces calculation load by 20-40%.
Automatic HTF Handling: On Daily/Weekly/Monthly charts, the table automatically switches to D/W/M columns. No configuration needed.
Performance Smart: "Hide BIAS table on 1D or above" option completely skips all table calculations on higher timeframes if you only trade intraday.
---
6. CANDLESTICK PATTERN RECOGNITION
The indicator automatically detects six major reversal patterns and marks them with emojis at the relevant bars.
Why These Six Patterns:
These are the most statistically significant reversal patterns according to trading literature:
High win rate when appearing at support/resistance
Clear visual structure (not subjective)
Work across all timeframes and assets
Studied extensively by institutions
The Patterns:
Bullish Patterns (appear at bottoms):
Bullish Engulfing: Green candle completely engulfs prior red candle's body. Strong reversal signal.
Hammer: Small body with long lower wick (at least 2× body size). Shows rejection of lower prices by buyers.
Morning Star: Three-candle pattern (large red → small indecision → large green). Very strong bottom reversal.
Bearish Patterns (appear at tops):
Bearish Engulfing: Red candle completely engulfs prior green candle's body. Strong reversal signal.
Shooting Star: Small body with long upper wick (at least 2× body size). Shows rejection of higher prices by sellers.
Evening Star: Three-candle pattern (large green → small indecision → large red). Very strong top reversal.
Interactive Tooltips:
Unlike most pattern indicators that just draw shapes, this one is educational:
Hover your mouse over any pattern emoji
A tooltip appears explaining: what the pattern is, what it means, when it's most reliable, and how to trade it
No need to memorize - learn as you trade
Noise Filter:
"Min candle body % to filter noise" setting prevents false signals:
Patterns require minimum body size relative to price
Filters out tiny candles that don't represent real buying/selling pressure
Adjust based on asset volatility (higher % for crypto, lower for low-volatility stocks)
How to Trade Patterns:
Patterns are NOT standalone entry signals. Use them as:
Confirmation: UT Bot gives signal + pattern appears = stronger entry
Reversal Warning: In a trade, opposite pattern appears = consider tightening stop or taking profit
Support/Resistance Validation: Pattern at key level (PDH, VWAP, MA 200) = level is being respected
Best combined with:
UT Bot or Base signal in same direction
Bias Table alignment (AVG > 60% or < 40%)
Appearance at obvious support/resistance
---
7. VISUAL TOOLS AND FEATURES
VWAP (Volume Weighted Average Price):
Session-anchored VWAP with standard deviation bands. Shows institutional "fair value" for the trading session.
Anchor Options: Session, Day, Week, Month, Quarter, Year. Choose based on your trading timeframe.
Bands: Up to three pairs (X1, X2, X3) showing statistical deviation. Price at outer bands often reverses.
Auto-Hide on HTF: VWAP hides on Daily/Weekly/Monthly charts automatically unless you enable anchored mode.
Use VWAP as:
Directional bias (above = bullish, below = bearish)
Mean reversion levels (outer bands)
Support/resistance (the VWAP line itself)
Previous Day High/Low:
Automatically plots yesterday's high and low on intraday charts:
Updates at start of each new trading day
Theme-aware colors (dark text for light charts, light text for dark charts)
Hidden automatically on Daily/Weekly/Monthly charts
These levels are critical for intraday traders - institutions watch them closely as support/resistance.
Opening Range Breakout (ORB):
Tracks the high/low of the first 5, 15, 30, or 60 minutes of the trading session:
Customizable session times (preset for NYSE, LSE, TSE, or custom)
Shows current breakout status in Bias Table row (ABOVE, BELOW, INSIDE, BUILDING)
Intraday only - auto-disabled on Daily+ charts
ORB is a classic day trading strategy - breakout above opening range often leads to continuation.
Extra Labels:
Change from Open %: Shows how far price has moved from session open (intraday) or daily open (HTF). Green if positive, red if negative.
ADX Badge: Small label at bottom of last bar showing current ADX value. Green when above your minimum threshold, red when below.
RSI Badge: Small label at top of last bar showing current RSI value with zone status (buy zone, sell zone, or neutral).
These labels provide quick at-a-glance confirmation without needing separate indicator windows.
---
8. HOW TO USE THE INDICATOR
Step 1: Add to Chart
Load the indicator on your chosen asset and timeframe
First time: Everything is enabled by default - the chart will look busy
Don't panic - you'll turn off what you don't need
Step 2: Start Simple
Turn OFF everything except:
UT Bot labels (keep these ON)
Bias Table (keep this ON)
Moving Averages (Fast and Medium only)
Suggested Stop Loss and Take Profits
Hide everything else initially. Get comfortable with the basic UT Bot + Bias Table workflow first.
Step 3: Learn the Core Workflow
UT Bot gives a Buy or Sell signal
Check Bias Table AVG column - do you have multi-timeframe alignment?
If yes, enter the trade
Place stop at Suggested Stop Loss line
Scale out at TP levels
Exit on opposite UT signal
Trade this simple system for a week. Get a feel for signal frequency and win rate with your settings.
Step 4: Add Filters Gradually
If you're getting too many losing signals (whipsaws in choppy markets), add filters one at a time:
Try: "Require 2-Bar Trend Confirmation" - wait for 2 bars to confirm direction
Try: ADX filter with minimum threshold - only trade when trend strength is sufficient
Try: RSI pullback filter - only enter on pullbacks, not chasing
Try: Volume filter - require above-average volume
Add one filter, test for a week, evaluate. Repeat.
Step 5: Enable Advanced Features (Optional)
Once you're profitable with the core system, add:
Supertrend for additional trend confirmation
Candlestick patterns for reversal warnings
VWAP for institutional anchor reference
ORB for intraday breakout context
ZLSMA for low-lag trend following
Step 6: Optimize Settings
Every setting has a detailed tooltip explaining what it does and typical values. Hover over any input to read:
What the parameter controls
How it impacts trading
Suggested ranges for scalping, day trading, and swing trading
Start with defaults, then adjust based on your results and style.
Step 7: Set Up Alerts
Right-click chart → Add Alert → Condition: "Luxy Momentum v6" → Choose:
"UT Bot — Buy" for long entries
"UT Bot — Sell" for short entries
"Base Long/Short" for filtered MA cross signals
Optionally enable "Send real-time alert() on UT flip" in settings for immediate notifications.
Common Workflow Variations:
Conservative Trader:
UT signal + Base signal + Candlestick pattern + Bias AVG > 70%
Enter only at major support/resistance
Wider UT sensitivity, multiple filters
Aggressive Trader:
UT signal + Bias AVG > 60%
Enter immediately, no waiting
Tighter UT sensitivity, minimal filters
Swing Trader:
Focus on Daily/Weekly Bias alignment
Ignore intraday noise
Use ORB and PDH/PDL less (or not at all)
Wider stops, patient approach
---
9. PERFORMANCE AND OPTIMIZATION
The indicator is optimized for speed, but with 15+ features running simultaneously, chart load time can add up. Here's how to keep it fast:
Biggest Performance Gains:
Disable Unused Timeframes: In "Time Frames" settings, turn OFF any timeframe you don't actively trade. Each disabled TF saves 10-15% calculation time. If you only day trade 5m, 15m, 1h, disable 1m, 2h, 4h.
Hide Bias Table on Daily+: If you only trade intraday, enable "Hide BIAS table on 1D or above". This skips ALL table calculations on higher timeframes.
Draw UT Visuals Only on Bar Close: Reduces intrabar rendering of SL/TP/Entry lines. Has ZERO impact on logic or alerts - purely visual optimization.
Additional Optimizations:
Turn off VWAP bands if you don't use them
Disable candlestick patterns if you don't trade them
Turn off Supertrend fill if you find it distracting (keep the line)
Reduce "Limit to 10 bars" for SL/TP lines to minimize line objects
Performance Features Built-In:
Smart Caching: Higher timeframe data (3-day bias, weekly bias, etc.) updates once per day, not every bar
Conditional Calculations: Volume filter only calculates when enabled. Swing filter only runs when enabled. Nothing computes if turned off.
Modular Design: Every component is independent. Turn off what you don't need without breaking other features.
Typical Load Times:
5m chart, all features ON, 7 timeframes: ~2-3 seconds
5m chart, core features only, 3 timeframes: ~1 second
1m chart, all features: ~4-5 seconds (many bars to calculate)
If loading takes longer, you likely have too many indicators on the chart total (not just this one).
---
10. FAQ
Q: How is this different from standard UT Bot indicators?
A: Standard UT Bot (originally by @QuantNomad) is just the ATR trailing line and flip signals. This implementation adds:
- Volume weighting and momentum adjustment to the trailing calculation
- Multiple confirmation filters (swing, %, 2-bar, ZLSMA)
- Smart composite stop loss system from multiple S/R layers
- R-multiple take profit system with freeze-on-touch
- Integration with multi-timeframe Bias Table
- Visual audit trail with checkmarks
Q: Can I use this for automated trading?
A: The indicator is designed for discretionary trading. While it has clear signals and alerts, it's not a mechanical system. Context and judgment are required.
Q: Does it repaint?
A: No. All signals respect bar close. UT Bot logic runs intrabar but signals only trigger on confirmed bars. Alerts fire correctly with no lookahead.
Q: Do I need to use all the features?
A: Absolutely not. The indicator is modular. Many profitable traders use just UT Bot + Bias Table + Moving Averages. Start simple, add complexity only if needed.
Q: How do I know which settings to use?
A: Every single input has a detailed tooltip. Hover over any setting to see:
What it does
How it affects trading
Typical values for scalping, day trading, swing trading
Start with defaults, adjust gradually based on results.
Q: Can I use this on crypto 24/7 markets?
A: Yes. ORB will not work (no defined session), but everything else functions normally. Use "Day" anchor for VWAP instead of "Session".
Q: The Bias Table is blank or not showing.
A: Check:
"Show Table" is ON
Table position isn't overlapping another indicator's table (change position)
At least one row is enabled
"Hide BIAS table on 1D or above" is OFF (if on Daily+ chart)
Q: Why are candlestick patterns not appearing?
A: Patterns are relatively rare by design - they only appear at genuine reversal points. Check:
Pattern toggles are ON
"Min candle body %" isn't too high (try 0.05-0.10)
You're looking at a chart with actual reversals (not strong trending market)
Q: UT Bot is too sensitive/not sensitive enough.
A: Adjust "Sensitivity (Key×ATR)". Lower number = tighter stop, more signals. Higher number = wider stop, fewer signals. Read the tooltip for guidance.
Q: Can I get alerts for the Bias Table?
A: The Bias Table is a dashboard for visual analysis, not a signal generator. Set alerts on UT Bot or Base signals, then manually check Bias Table for confirmation.
Q: Does this work on stocks with low volume?
A: Yes, but turn OFF the volume filter. Low volume stocks will never meet relative volume requirements.
Q: How often should I check the Bias Table?
A: Before every entry. It takes 2 seconds to glance at the AVG column and headline rows. This one check can save you from fighting the trend.
Q: What if UT signal and Base signal disagree?
A: UT Bot is more aggressive (ATR trailing). Base signals are more conservative (MA cross + filters). If they disagree, either:
Wait for both to align (safest)
Take the UT signal but with smaller size (aggressive)
Skip the trade (conservative)
There's no "right" answer - depends on your risk tolerance.
---
FINAL NOTES
The indicator gives you an edge. How you use that edge determines results.
For questions, feedback, or support, comment on the indicator page or message the author.
Happy Trading!
Adaptive Trend Breaks Adaptive Trend Breaks
## WHAT IT DOES
This script is a modified and enhanced version of "Trendline Breakouts With Targets" concept by ChartPrime.
Adaptive Trend Breaks (ATB) is a trendline breakout system optimized for scalping liquid futures contracts. The indicator automatically draws dynamic support and resistance trendlines based on pivot points, then generates trade signals when price breaks through these levels with confirmation filters. It includes automated target and stop-loss placement with real-time P&L tracking in dollars.
## HOW IT WORKS
**Trendline Detection Method:**
The indicator uses pivot high/low detection to identify significant price turning points. When a new pivot forms, it calculates the slope between consecutive pivots to draw dynamic trendlines. These lines extend forward based on the established trend angle, creating actionable support and resistance zones.
**Band System:**
Around each trendline, the script creates a "band" using a volatility-adjusted calculation: `ATR(14) * 0.2 * bandwidth multiplier / 2`. This adaptive band accounts for current market conditions - wider during volatile periods, tighter during quiet markets.
**Breakout Logic:**
A breakout signal triggers when:
1. Price closes beyond the trendline + band zone
2. Volume exceeds the 20-period moving average by your set multiplier (default 1.2x)
3. Price is within Regular Trading Hours (9:30-16:00 EST) if session filter enabled
4. Current ATR meets minimum volatility threshold (prevents trading dead markets)
**Target & Stop Calculation:**
Upon breakout confirmation:
- **Entry**: Trendline breach point
- **Target**: Entry ± (bandwidth × target multiplier) - default 8x for quick scalps
- **Stop**: Entry ± (bandwidth × stop multiplier) - default 8x for 1:1 risk/reward
- Multipliers adjust automatically to market volatility through the ATR-based band
**P&L Conversion:**
The script converts point movements to dollars using:
```
Dollar P&L = (Price Points × Contract Point Value × Quantity)
```
For example, a 10-point NQ move with 2 contracts = 10 × $20 × 2 = $400
## HOW TO USE IT
**Setup:**
1. Select your instrument (NQ/ES/YM/RTY) - point values auto-configure
2. Set contract quantity for accurate dollar P&L
3. Choose pivot period (lower = more signals but more noise, default 5 for scalping)
4. Adjust bandwidth multiplier if trendlines are too tight/loose (1-5 range)
**Filters Configuration:**
- **Volume Filter**: Requires breakout volume > moving average × multiplier. Increase multiplier (1.5-2.0) for higher conviction trades
- **Session Filter**: Enable to trade only RTH. Disable for 24-hour trading
- **ATR Filter**: Prevents signals during low volatility. Increase minimum % for more active markets only
**Risk Management:**
- Set target/stop multipliers based on your risk tolerance
- 8x bandwidth = approximately 1:1 risk/reward for most liquid futures
- Enable trailing stops for trend-following approach (moves stop to protect profits)
- Adjust line length to see targets further into the future
**Statistics Table:**
- Choose timeframe to analyze: all-time, today, this week, custom days
- Monitor win rate, profit factor, and net P&L in dollars
- Track long vs short performance separately
- See real-time unrealized P&L on active trades
**Reading Signals:**
- **Green triangle below bar** = Long breakout (resistance broken)
- **Red triangle above bar** = Short breakout (support broken)
- **White dashed line** = Entry price
- **Orange line** = Take profit target with dollar value
- **Red line** = Stop loss with dollar value
- **Green checkmark (✓)** = Target hit, winning trade
- **Red X (✗)** = Stop hit, losing trade
## WHAT IT DOES NOT DO
**Limitations to Understand:**
- Does not predict future trendline formations - it reacts to breakouts after they occur
- Historical trendlines disappear after breakout (not kept on chart for clarity)
- Requires sufficient volatility - may not signal in extremely quiet markets
- Volume filter requires exchange volume data (not available on all symbols)
- Statistics are indicator-based simulations, not actual trading results
- Does not account for slippage, commissions, or order fills
## BEST PRACTICES
**Recommended Settings by Market:**
- **NQ (Nasdaq)**: Default settings work well, consider volume multiplier 1.3-1.5
- **ES (S&P 500)**: Slightly slower, try period 7-8, volume 1.2
- **YM (Dow)**: Lower volatility, reduce bandwidth to 1.5-2
- **RTY (Russell)**: Higher volatility, increase bandwidth to 3-4
**Risk Management:**
- Never risk more than 2-3% of account per trade
- Use contract quantity calculator: Max Risk $ ÷ (Stop Distance × Point Value)
- Start with 1 contract while learning the system
- Backtest your specific timeframe and instrument before live trading
**Optimization Tips:**
- Increase pivot period (7-10) for fewer but higher-quality signals
- Raise volume multiplier (1.5-2.0) in choppy markets
- Lower target/stop multipliers (5-6x) for tighter profit taking
- Use trailing stops in strong trending conditions
- Disable session filter for overnight gaps and Asia session moves
## TECHNICAL DETAILS
**Key Calculations:**
- Pivot Detection: `ta.pivothigh(high, period, period/2)` and `ta.pivotlow(low, period, period/2)`
- Slope Calculation: `(newPivot - oldPivot) / (newTime - oldTime)`
- Adaptive Band: `min(ATR(14) * 0.2, close * 0.002) * multiplier / 2`
- Breakout Confirmation: Price crosses trendline + 10% of band threshold
**Data Requirements:**
- Minimum bars in view: 500 for proper pivot calculation
- Volume data required for volume filter accuracy
- Intraday timeframes recommended (1min - 15min) for scalping
- Works on any timeframe but optimized for fast execution
**Performance Metrics:**
All statistics calculate based on indicator signals:
- Tracks every signal as a trade from entry to TP/SL
- P&L in actual contract dollar values
- Win rate = (Winning trades / Total trades) × 100
- Profit factor = Gross profit / Gross loss
- Separates long/short performance for bias analysis
## IDEAL FOR
- Futures scalpers and day traders
- Traders who prefer visual trendline breakouts
- Those wanting automated TP/SL placement
- Traders tracking performance in dollar terms
- Multiple timeframe analysis (compare 1min vs 5min signals)
## NOT SUITABLE FOR
- Swing trading (targets too close)
- Stocks/forex without modifying point values
- Extremely low timeframes (<30 seconds) - too much noise
- Markets without volume data if using volume filter
- Illiquid contracts (signals may not execute at shown prices)
---
**Settings Summary:**
- Core: Period, bandwidth, extension, trendline style
- Filters: Volume, RTH session, ATR volatility
- Risk: R:R ratio, target/stop multipliers, trailing stop
- Display: Stats table position, size, colors
- Stats: Timeframe selection (all-time to custom days)
**License:** This indicator is published open-source under Mozilla Public License 2.0. You may use and modify the code with proper attribution.
**Disclaimer:** This indicator is for educational purposes. Past performance does not guarantee future results. Always practice proper risk management and test thoroughly before live trading.
---
## CREDITS & ATTRIBUTION
This script builds upon the "Trendline Breakouts With Targets" concept by ChartPrime with significant enhancements:
**Major Improvements Added:**
- **Futures-Specific Calculations**: Automated dollar P&L conversion using actual contract point values (NQ=$20, ES=$50, YM=$5, RTY=$50)
- **Advanced Statistics Engine**: Comprehensive performance tracking with customizable timeframe analysis (today, week, month, custom ranges)
- **Multi-Layer Filtering System**: Volume confirmation, RTH session filter, and ATR volatility filter to reduce false signals
- **Professional Trade Management**: Enhanced visual trade tracking with separate TP/SL lines, dollar value labels, and optional trailing stops
- **Optimized for Scalping**: Faster pivot periods (5 vs 10), tighter bands, and reduced extension bars for quick entries
Original trendline detection methodology by ChartPrime - used with modification under Mozilla Public License 2.0.
VWAP HMA Trend Execution SystemVWAP Trend Execution System
🧭 Purpose
Most traders don’t fail from bad charts — they fail from bad timing.
Jumping in too early, bailing too soon, or freezing when the real move begins.
The VWAP Trend Execution System cuts through that chaos.
It visually syncs Trend, VWAP, and Confidence — giving you instant clarity to trade with calm precision.
⚙️ The Three Core Gauges:
1. 📈 Trend Green for up, Red for down (Trend: Confirms direction)
2. 💰 VWAP Price vs. Volume Weighted Average Price. Institutional Fair Value. (Bull or Bear)
3. 🎯 Confidence Agreement between trend & VWAP. Dont fight the trend.
Bonus Feature: Confidence Turns 🟢 Confident when aligned, 🟡 Cautious when mixed.
Bonus 2: This version has the cross / confirmed direction arrow in the table.
Together, these create a clean, visual readout of the market’s health.
🧩 How to Use
Watch the Color Flow:
🟢 Green Cloud → Buyers in control.
🔴 Red Cloud → Sellers in control.
Check VWAP (Orange Line):
Price above VWAP → bullish strength.
Price below VWAP → bearish control.
Hovering at VWAP → indecision. Wait.
---
Act With Discipline:
Trade only when all gauges agree.
Add size only in Confident conditions.
Trim or tighten stops when it shifts to Cautious.
⚡ Quick Reference:
🟢 Green cloud + above VWAP + Confident | Uptrend continuation | Favor long bias
🔴 Red cloud + below VWAP + Confident | Downtrend continuation | Favor short bias
Mixed colors or Cautious: Wait or scale back
Cloud flips color: Possible shift. Reassess bias next bar
🧠 Best Practices
Works best on liquid symbols (SPY, QQQ, BTC, GOLD).
Ideal timeframes: 5m to 1h.
Use at bar close for confirmation, but enjoy live responsiveness for awareness.
Combine with your existing risk management — VTES is a timing enhancer, not a signal generator.
Designed for clarity on both light and dark themes (optimized for dark).
💡 Mindset
This isn’t a prediction tool — it’s a discipline tool. Wait for agreement.
Execute when the picture is clear. Protect capital when it’s not.
🧘 Clarity over clutter. Timing over guessing.
⚖️ Disclaimer: Educational and informational use only. Not financial advice. Always use independent judgment and position sizing.
ShockDrop Alerts v1⚡ ShockDrop Alerts — Rapid Drop & Drawdown Detector
ShockDrop Alerts helps you react instantly to sudden market shocks.
It tracks both fast price drops and intraday drawdowns, plotting clean visual arrows and sending alerts when volatility spikes — so you can respond before small dips turn into major moves.
⚙️ How It Works
• Fast Drop (FAST) – detects sharp declines (e.g. 2 % in 4 minutes) using 1-minute data across any timeframe.
• Drawdown (DD) – triggers when price trades a set percentage below the day’s session high (e.g. 2 %).
Each alert type has its own independent cooldown timer and can be toggled on or off.
🎯 What You’ll See
• FAST → 🔴 red arrow above the bar (rapid drop detection)
• DD → 🟠 orange arrow below the bar (intraday drawdown)
These appear only when your defined conditions are met. Connect them to TradingView alerts for instant popup, email, mobile, or webhook notifications.
🧭 Key Features
• Detects high-velocity price shocks in real time
• Separate cooldowns for FAST and DD triggers
• Extended-hours toggle to include pre/post-market data
• Clean, clutter-free visuals — only actionable arrows
• Uses 1-minute precision data, works on any symbol or timeframe
• Supports server-side alerts (TradingView Pro +)
📬 Why Traders Use It
• Get early warnings during flash crashes or liquidity spikes
• Automate risk-based exits when markets accelerate downward
• Track SPY, QQQ, crypto, or futures for rapid reversals
• Stay alert to high-impact news events — such as surprise policy comments, earnings releases, or market-moving presidential posts — that can cause sudden volatility
Requires TradingView Pro + for continuous server-side alerting.
Daytrade Forex Scalper TwinPulse Auction Timer IndicatorWhat this indicator is
TwinPulse Auction Timer is a multi component execution aid designed for liquid markets. It looks for two families of opportunities
Breakouts that leave a compression area after a fresh sweep
Reversals that trigger after a sweep with strong wick polarity
It does not try to predict future prices. It measures present auction conditions with transparent rules and shows you when those conditions align. You get a simple table that says LONG SHORT or WAIT, optional session shading, clean entry and exit level visuals, and alerts you can wire to your workflow.
Why it is different
Most tools show a single signal. TwinPulse combines several independent signals into an Edge Score that you can tune. The components are
• Pulse. A signed measure of wick asymmetry with candle body direction
• Compression. Current true range compared with an average range
• Sweep timer. Bars elapsed since the most recent sweep of a prior high or low
• Bias. Direction of a higher timeframe candle
• Regime. Efficiency ratio and the relation of micro to macro volatility
• Location. Distance from the daily anchored VWAP
• Session. London and New York filter by time windows
Each component is visible in the inputs and in the table so you can understand why a suggestion appears. The script uses request.security() with lookahead off in all calls so it does not peek into the future. Shapes may move while a bar is open since price is still forming. They stop moving when the bar closes.
What you will see on the chart
• L and S shapes on entry bars
• An Exit shape at the price where a stop or the runner target would have been hit
• Four horizontal lines while a trade is active
Entry
Stop
TP1 at one R
TP2 at the runner target expressed in R
• Labels anchored to each line so you can instantly read Entry SL TP1 and TP2 with current values
• Optional shading during your session windows
• Optional daily VWAP line
The table in the top right shows
Action LONG SHORT IN LONG IN SHORT or WAIT
Session ON or OFF
Bias UP DOWN or FLAT
Pulse value
Compression value
Edge L percent and Edge S percent
How it works in detail
Pulse
For each bar the script measures up wick minus down wick divided by range and multiplies that by the sign of the candle body. The result is averaged with pulse_len. Positive numbers indicate aggressive buying. Negative numbers indicate aggressive selling. You control the minimum absolute value with pulse_thr.
Compression
Compression is the ratio of current range to an average range. You can choose the range basis. HL SMA uses simple high minus low smoothed by range_len. ATR uses classic True Range smoothed by atr_len. Values below comp_thr indicate a coil.
Sweeps and the timer
A sweep occurs when price trades beyond the highest high or lowest low seen in the previous sweep_len bars. A strict sweep requires a close back inside that prior range. The timer measures how many bars have elapsed since the last sweep. Breakout setups require the timer to exceed timer_thr.
Bias on a confirmation timeframe
A higher timeframe candle is read with confirm_tf. If close is above open bias is UP. If close is below open bias is DOWN. This keeps breakouts aligned with the prevailing drift.
Regime filters
Efficiency ratio measures the straight line change over the sum of absolute bar to bar changes over er_len. It rises in trendy conditions and falls in noise. Minimum efficiency is controlled by er_min.
Micro to macro volatility ratio compares a short lookback average range with a longer lookback average range using your chosen basis. For breakouts you usually want micro volatility to be near or above macro hence mvr_min. For reversals you often want micro volatility that is not overheated relative to macro hence mvr_max_rev.
VWAP distance gate
Daily anchored VWAP is rebuilt from the open of each session. The script computes the absolute distance from VWAP in units of your average range and requires that distance to exceed vwap_dist_thr when use_vwap_gate is true. This keeps entries away from the mean.
Edge Score
Each gate contributes a weight that you control. The script sums weights of the satisfied gates and divides by the sum of all weights to produce an Edge percent for long and an Edge percent for short. You can then require a minimum Edge percent using edge_min_pct. This turns the indicator into a step by step checklist that you can tune to your taste.
Using the indicator step by step
Choose markets and timeframes
The logic is designed for liquid instruments. Major currency pairs, index futures and cash index CFDs, and the most liquid crypto pairs work well. On intraday use one to fifteen minutes for signals and fifteen to sixty minutes for confirmation. On swing use one hour to one day for signals and one day for confirmation.
Decide on entry mode
Breakouts require a compression area and a sweep timer. Reversals require a strict sweep and a strong pulse. If you are unsure leave the default which allows both.
Pick a range basis
For FX and crypto HL SMA is often stable. For indices and single name equities with gaps ATR can adapt better. If results look too reactive increase the window. If results are too slow reduce it.
Tune regime filters
If you trade trend continuation raise er_min and mvr_min. If you trade counter rotation lower them and rely on the reversal path with the strict sweep condition.
Set the VWAP gate
Enabling it helps you avoid entries at the mean. Push the threshold higher on range bound days. Reduce it in strong trend days.
Table driven decision
Watch Action and the Edge percents. If the script says WAIT you can read Pulse and Compression to see what is missing. Often the best trades appear when both Edge percents are well separated and your session switch is ON.
Use the visuals
When a suggestion triggers you will see entry stop and targets. You can mirror the levels in your own workflow or use alerts.
Consider bar close
Signals are computed in real time. For a strict process you can wait until the bar closes to reduce noise.
Inputs explained with quick guidance
Setup
Signal TF chooses where the logic is computed. Leave blank to use the chart.
Confirm TF sets the higher timeframe for bias.
Session filter restricts signals to the London and New York windows you specify.
Invert flips long and short. It is useful on inverse instruments.
Logic options
Entry mode allows Breakouts Reversals or Both.
Average range basis selects HL SMA or ATR.
ATR length is used when ATR is selected.
Pulse source can be Regular OHLC or Heikin Ashi. Heikin Ashi smooths noisy series, but the script still runs on regular bars and you should publish and use it on standard candles to respect the platform guidance.
Core numeric settings
Sweep lookback controls the size of the liquidity pool targeted by the sweep condition.
Pulse window smooths the wick polarity measure.
Average range window controls your base range when you use HL SMA.
Pulse threshold sets the minimum polarity required.
Compression threshold sets the maximum current range relative to average to consider the market coiled.
Expansion timer bars sets how much time has passed since the last sweep before you allow a breakout.
Regime filters
Efficiency ratio length and minimum value keep you out of aimless drift.
Micro and Macro range lengths feed the micro to macro ratio.
Minimum micro to macro for breakouts and maximum micro to macro for reversals steer the two entry families.
VWAP gate and distance threshold keep you away from the mean.
Levels and trade management visuals
Runner target in R sets TP2 as a multiple of initial risk.
Stop distance as average range multiple sets initial risk size for the visuals.
Move stop to entry after one R touch turns on break even logic once price has traveled one risk unit.
Trail buffer as R fraction uses the last sweep as an anchor and keeps a dynamic stop at a chosen fraction of R beyond it.
Cooldown after exit prevents immediate re entries.
Edge Score
Weights for pulse compression timer bias efficiency ratio micro to macro VWAP gate and session let you align the checklist with your style.
Minimum Edge percent to suggest applies a final filter to LONG or SHORT suggestions.
UI
Table and markers switch the compact dashboard and the shapes.
TP and SL lines and labels draw and name each level.
TP1 partial label percent is printed in the TP1 label for clarity.
Session shading helps with focus.
Daily VWAP line is optional.
Alerts
The script provides alerts for Long Short Exit and for Edge percent crossing the threshold on either side. Use them to drive notifications or to sync with webhooks and your broker integration. Alerts trigger in real time and will repaint during a bar. For conservative use trigger on bar close.
Recommended presets
Intraday trend continuation
Confirm TF fifteen minutes
Entry mode Breakouts
Range basis HL SMA
Pulse threshold near 0.10
Compression threshold near 0.60
Timer around 18
Minimum efficiency ratio near 0.20
Minimum micro to macro near 1.00
VWAP gate enabled with distance near 0.35
Edge minimum 50 or higher
Intraday mean reversion at sweeps
Entry mode Reversals
Pulse source Regular OHLC
Compression threshold can be a little higher
Maximum micro to macro near 1.60
Efficiency ratio minimum lower near 0.12
VWAP gate enabled
Edge minimum 40 to 60
Swing trend continuation
Signal TF one hour
Confirm TF one day
Range basis ATR
ATR length around 14
Average range window 20 to 30
Efficiency ratio minimum near 0.18
Micro to macro windows 12 and 60
Edge minimum 50 to 70
These are starting points only. Your instrument and timeframe will require small adjustments.
Limitations and honest warnings
No indicator is perfect. TwinPulse will mark attractive conditions that do not always lead to profitable trades. During economic releases or very thin liquidity the assumptions behind compression and sweeps may fail. In strong gap environments the HL SMA basis may lag while ATR may overreact. Heikin Ashi pulse can help in choppy markets but it will lag during sharp reversals. Session times use the exchange time of your chart. If you switch symbol or exchange verify the windows.
Edge percent is not a probability of profit. It is the fraction of satisfied gates with your chosen weights. Two traders can set different weights and see different Edge readings on the same bar. That is the design. The score is a guide that helps you act with discipline.
This indicator does not place orders or manage real risk. The lines and labels show a model entry a model stop and two model targets built from the average range at entry and from recent swing points. Use them as references and not as hard rules. Always test on historical data and demo first. Past results do not guarantee anything in the future.
Credits and originality
All code in this publication is original and written for this indicator. The concept of the efficiency ratio originates from Perry Kaufman. The use of a daily anchored volume weighted average price is a standard industry tool. The specific combination of pulse from wick polarity strict sweep timing compression and the tunable Edge Score is unique to this script at the time of publication. If you reuse parts of the open source code in your own work remember to credit the author and contribute meaningful improvements.
How to read the table at a glance
Action reflects your current state.
IN LONG or IN SHORT appears while a trade is active.
LONG or SHORT appears when conditions for entry are met and the Edge threshold is satisfied.
WAIT appears when at least one gate is missing.
Session shows ON during your chosen windows.
Bias shows the color of the confirmation candle.
Pulse is the smoothed polarity number.
Comp shows current range divided by the average range. Values below one mean compression.
Edge L percent and Edge S percent show the long and short checklists as percents.
Final thoughts
Markets move because orders accumulate at certain prices and at certain times. The indicator tries to measure two things that often matter at those turning points. One is the existence of a hidden imbalance revealed by wick polarity and by sweeps of prior extremes. The other is the presence of energy stored in a coil that can release in the direction of a drift. Neither force guarantees profit. Together they can improve your selection and your timing.
Use the defaults for a few days so you learn the personality of the signals. After that adjust one group at a time. Start with the session filter and the Edge threshold. Then tune compression and the timer. Finally adjust the regime filters. Keep notes. You will learn which weights matter for your market and timeframe. The result is a process you can apply with consistency.
Disclaimer
This script and description are for education and analysis. They are not investment advice and they do not promise future results. Use at your own risk. Test thoroughly on historical data and in simulation before considering any live use.
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
AlphaRadar - Market📊 ALPHARADAR - MARKET MONITOR
⚠️ IMPORTANT
🔴 This indicator MUST be used ONLY on DAILY (1D) timeframe. It will not work correctly on other timeframes.
Overview:
Real-time market and sector performance dashboard displaying major US indices and all 11 sector ETFs in a single, organized panel. Track market rotation and sector strength at a glance.
Features:
- Market Indices (4): SPY (S&P 500), QQQ (Nasdaq), IWM (Russell 2000), DIA (Dow Jones)
- Sector ETFs (11): Complete coverage of all US market sectors
- Performance Tracking: Day, 5D, 1M, 6M, and YTD returns
- Color-Coded: 🟢 Green (positive) / 🔴 Red (negative) for instant visual analysis
What You Can Track:
✅ Market breadth (all indices moving together vs divergence)
✅ Sector rotation (which sectors are leading/lagging)
✅ Risk-on vs Risk-off sentiment
✅ Short-term momentum (Day, 5D)
✅ Medium-term trends (1M, 6M)
✅ Year-to-date performance leaders
Market Sectors Included:
- XLC (Communication)
- XLY (Consumer Discretionary)
- XLP (Consumer Staples)
- XLE (Energy)
- XLF (Financials)
- XLV (Healthcare)
- XLI (Industrials)
- XLB (Materials)
- XLRE (Real Estate)
- XLK (Technology)
- XLU (Utilities)
How to Use:
🔍 Spot Market Rotation: Identify which sectors are outperforming
📈 Confirm Trends: All green = strong market, all red = market weakness
⚡ Find Opportunities: Rotate into leading sectors, avoid lagging ones
🎯 Risk Management: Divergence between indices = potential warning signal
Best For:
- Sector rotation strategies
- Market breadth analysis
- Swing trading
- Portfolio allocation decisions
- Daily market monitoring
Notes:
- Data updates in real-time during market hours
- All calculations based on daily closing prices
- Works with any chart symbol
- Free to use
🔔 Remember: Use DAILY (1D) charts only!
Options levelsOverview
Options Levels 🎯 plots 13 key institutional and options-based levels directly on your chart — including Call Wall, Put Wall, Gamma Flip, Whales Pivot, five Whale levels, and Sigma deviation bands (σ¹ / σ²).
It’s designed for both intraday and swing traders, offering a clean visual structure with elegant emoji labels, flexible visibility controls, and precise right-edge extensions for each line.
✨ Key Features
Single structured input with 13 ordered levels:
CallWall, PutWall, GammaFlip, Whales Pivot, Whale1..Whale5, Upperσ1, Upperσ2, Lowerσ1, Lowerσ2
Expressive emoji labels (🟢, 🔴, ⚖️, 🌑, 🐋, σ¹/σ²) optimized for dark themes.
Right-edge alignment: each line extends exactly to its label — no infinite lines.
Group visibility toggles:
• Critical Levels → Call Wall, Put Wall, Gamma Flip, Whales Pivot
• Whale Levels → Whale 1–5
• Sigma Bands → Upper/Lower σ¹ and σ²
Dynamic line-length multipliers that emphasize key levels.
Built-in alert conditions:
• Price crossing above the Call Wall
• Price crossing below the Put Wall
⚙️ Inputs & Settings
📋 Level List (string) : comma-separated list of 13 numeric values.
Example:
🎨 Appearance
• Base line length (bars)
• Label visibility toggle
• Line thickness
• Extend line and label to the right
• Distance (bars) between last candle and label
👁️ Visibility Controls
• Toggle Critical, Whale, or Sigma levels independently
🚀 How to Use
Paste your list of 13 ordered levels into the input field.
Adjust base length and thickness according to your timeframe.
Enable “Extend to the right” to position labels neatly beyond the last candle.
Use visibility toggles to focus on specific level groups (e.g., hide Whale Levels for short-term setups).
Optionally enable alerts to track price breakouts above/below Call and Put Walls.
The plotted levels are derived from aggregated options flow data, institutional positioning, and volatility-based deviations (σ). They serve as reference zones rather than predictive signals, helping visualize where liquidity and dealer hedging pressure may cluster.
📖 Level Definitions
Call Wall 🟢 — The strike with the highest call open interest; potential resistance area.
Put Wall 🔴 — The strike with the highest put open interest; potential support area.
Gamma Flip ⚖️ — Level where total gamma exposure changes sign; may reflect a shift in dealer hedging behavior.
Whales Pivot 🌑 — Represents the average institutional positioning from the previous trading day, reflecting where large option flows were most concentrated.
Whale Levels 🐋 — High-premium or large-volume strikes typically linked to institutional activity.
Upper σ¹ / σ² 📈 — One and two standard deviations above spot; potential overextension zones.
Lower σ¹ / σ² 📉 — One and two standard deviations below spot; potential mean-reversion zones.
Levels are manually input by the user. This script is a visual reference, not a predictive model.
⚠️ Notes
Levels are user-provided (not calculated by this script).
The indicator does not issue buy/sell signals or provide performance guarantees.
Designed purely as a visual aid for contextual market reference.
Optimized with barstate.islast for performance (draws only at the latest bar).
Disclaimer:
This indicator is for educational and visual purposes only. It does not generate buy/sell signals or guarantee future results. User-provided levels are meant for contextual reference only.
Developed for traders who rely on market structure and options flow context. Feedback and suggestions are welcome.
Initial Balance + Extensions Overview
Tracks the Initial Balance (IB) range formed during the first hour of trading (9:30-10:30 AM EST) and projects extension levels to identify potential price targets throughout the session.
What It Does
Monitors the 9:30-10:30 AM EST period to establish IB High, IB Low, and Midline
Calculates extension levels at 25%, 50%, 75%, and 100% of the IB range (both above and below)
Identifies directional bias by comparing the 10:30 AM close to the IB midline
Tracks historical statistics showing breakout frequency and extension hit rates
Updates in real-time during the IB session
Key Features
Live updating IB levels during market hours
Customizable extension percentages (toggle 25%, 50%, 75%, 100%)
Visual directional bias signal (bullish/bearish candle shading at 10:30 AM)
Comprehensive statistics table with breakout rates and extension success percentages
Historical view of past IB levels (configurable lookback period)
Fully customizable colors, labels, and display options
Best Use Cases
Day trading: Use IB levels as support/resistance and extensions as profit targets
Breakout trading: Enter on IB High/Low breaks with defined targets
Range trading: Trade within IB when contained days are likely
Market profiling: Understand price acceptance and rejection zones
Settings
All visual elements are customizable including:
Line colors (default: gray for neutral appearance)
Label styles and sizes
Extension level visibility
Statistics table position and size
Historical data display (0-10 past days)
Technical Notes
Optimized for US market hours (EST/EDT timezone)
Works on any timeframe (1min, 5min, 15min recommended)
Best suited for liquid instruments (ES, NQ, SPY, QQQ, stocks)
Statistics accumulate over time for improved accuracy
Educational Purpose
Based on Initial Balance theory from Market Profile, this indicator helps traders identify key price levels and understand market structure during the trading day. It is not financial advice and should be used as part of a comprehensive trading plan.
Note: Past performance statistics do not guarantee future results. Always practice proper risk management.
Overnight Z/VolRatio SignalThis indicator highlights overnight setups where both volatility expansion and prior-day range deviation suggest directional opportunity at the RTH open.
It calculates:
• Overnight Z-Score (Z_long): how far the overnight session’s range tilts from the 20-day overnight mean, standardized by its standard deviation.
• VolRatio: ratio of the current RTH session volume to the 20-day average, a proxy for participation and conviction.
Signal Logic (LONG bias)
A long-bias condition triggers when:
• Z_long ≥ 0.40 (overnight tilt strongly positive)
• VolRatio ≥ 1.30 (above-average RTH volume)
• Optional filters: R1/R4 region alignment, YDH/YDL proximity, and other context flags.
Visuals mark qualifying days with colored labels and session highlights.
It is intended as a context signal — not an auto-trading system — for SPY/SPX/ES or correlated large-cap indices.
Usage Notes
• Works best when applied to daily or intraday 5m chart with extended hours enabled.
• Typical exit: ~150 minutes after 09:30 ET.
• Fridays are optionally excluded to avoid expiration-related distortions.
Howard Intraday Edge (JH Edge) - (VWAP + EMA9/EMA21 + RSI)Howard Intraday Edge (JH Edge)
A disciplined intraday trading system by J. Howard.
Uses VWAP, EMA 9/21, RSI, and Optional EMA 200 to confirm trends and momentum.
Automatically plots Clean stop-loss and take profit levels. Built for SPY 0DTE-5DTE options, but works on other liquid tickers.
Focus: 1-3 high probability trades/day with tight risk control.
Best used on 1 or 3 minute timeframes.
Custom Period High LowSummary
I'm moving over from TradeStation and default Pre-Market Session there is 0800-0930. Default PMS on TradingView is 0400-0930. I find that the 0800-0930 High and Low are more accurate levels. This script addresses exactly that - it allows you to grab High and Low of any custom time slot.
This script started as Custom Pre-Market H/L, that's why the shading. Then I realized it can be used for any custom time period, so I renamed it to PERIOD H/L.
Limitations
Different tickers are provided by different exchanges, in different time zones. The end result is that the SAME session time (0800-0930) may shift for different tickers. Examples:
- SPY : 0800-0930 // no shift: NYSE, in NYC
- ES1!: 0900-1030 // shifted 1 hr ahead: CME, in Chicago
- NQ1!: 0900-1030 // shifted 1 hr ahead: CME, in Chicago
To see for yourself, set Time Zone config parameter to empty string for non-NYC tickers like ES1! or NQ1 and watch times for shaded and non-shaded areas.
Why TV chooses to go by the ticker's TZ, and not the TZ that's configured in the lower right corner of my TV screen - I have no idea. But asking for user's TZ is how you fix it.
If you know how I can get that value so I don't have to ask the user - let me know. I'm new to TV.
Hacks
You can use it more than once for, say, Opening Range Breakout. Configure your custom PMS for 0930-0945, change lines, remove area fill - and ta-da - you have High and Low for first 15 min! See release chart for the example.
