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SuperTrend Zone Rejection [STRZ] CONCEPT - This indicator identifies trend-continuation setups by combining the Super Trend with dynamic Average True Range (ATR) value zones. It highlights specific price action behaviour's—specifically wick rejections and momentum closes—that occur during pullbacks into the trend baseline. HOW IT WORKS - The script operates on three logic gates: >> Trend Filter: Uses a standard Super Trend (Factor 3, Period 10 default) to define market direction. >> Dynamic Zones: Projects a volatility-based zone (default 2.0x ATR) above or below the Super Trend line to define a valid pullback area. >> Signal Detection: Identifies specific candle geometries occurring within these zones. >> Rejection: Candles with significant wicks testing the zone support/resistance. >> Momentum: Candles that open within the zone and close in the upper/lower quartile of their range. FEATURES - >> Dynamic Channel: Visualizes the active buy/sell zone using a continuous, non-repainting box. >> Volatile Filtering: Filters out low-volatility candles (doji's/noise) based on minimum ATR size. >> Visuals: Color-coded trend visualization with distinct signal markers for qualified entries. SETTINGS - >> Super Trend: Adjustable Factor and ATR Period. >> Zone Multiplier: Controls the width of the pullback zone relative to ATR. >> Visuals: Customizable colours for zones and signals to fit light/dark themes.
Pine Script® indicator
by siddarth_banakar3
SuperTrend趋势K线渲染多空提示指标简介 / Indicator Introduction 指标名称：趋势K线渲染多空提示 Indicator Name: Trend K-line Rendering with Long/Short Signals 核心功能 / Core Function: 本指标是一款直观的主图趋势跟踪工具。它通过智能渲染K线颜色，并直接在图表上标记“多”、“空”文字，为交易者提供一目了然的趋势方向和潜在买卖点提示。 This indicator is an intuitive overlay trend-following tool. It intelligently colors the K-lines and directly marks "Long" (多) and "Short" (空) signals on the chart, providing traders with a clear visual representation of the trend direction and potential trading points. 主要特点 / Main Features: 可视化趋势识别 / Visual Trend Identification: 指标通过独特的色彩系统为K线着色，将复杂的趋势判断转化为直观的视觉信号，让您瞬间把握当前市场多空主导力量。 The indicator colors the K-lines using a unique color system, transforming complex trend judgments into intuitive visual signals, allowing you to instantly grasp the dominant bullish or bearish force in the market. 精准多空信号 / Precise Long/Short Signals: 在趋势发生关键转换时，指标会在K线的关键位置（如高点或低点附近）清晰标注“多”或“空”文字，直接提示潜在的入场时机。 At key trend transitions, the indicator clearly marks "Long" (多) or "Short" (空) near critical price points (e.g., around highs or lows), directly suggesting potential entry opportunities. 主图叠加，无需切换 / Overlay on Main Chart, No Switching Needed: 所有信号都直接呈现在主图K线上，无需在副图之间切换视线，确保您专注于价格行为本身，决策更高效。 All signals are displayed directly on the main chart's K-lines, eliminating the need to shift your focus between sub-windows and ensuring you concentrate on price action for more efficient decision-making. 适用场景 / Applicable Scenarios: 适用于所有希望通过图表颜色快速判断趋势的交易者。 Suitable for all traders who wish to quickly determine the trend through chart colors. 适用于需要清晰、直接买卖点提示的投资者。 Suitable for investors who need clear and direct buy/sell point alerts. 可作为日内交易或波段交易的趋势过滤工具。 Can be used as a trend-filtering tool for day trading or swing trading. 温馨提示 / Friendly Reminder: 建议将此工具与其他技术分析方法结合使用，以相互验证。请注意，没有任何指标能保证100%准确，请务必管理好风险。 It is recommended to use this tool in conjunction with other technical analysis methods for mutual confirmation. Please note that no indicator can guarantee 100% accuracy, so always manage your risk effectively.
Pine Script® indicator
by d3826
SuperTrend副图趋势精准买卖点Indicator Name / 指标名称: 副图趋势精准买卖点 Sub-chart Trend Precision Buy-Sell Points Core Function / 核心功能: 本指标是一款强大的趋势跟踪与交易信号工具，旨在通过独特的算法模型，为投资者精准捕捉市场中的关键买卖时机。它通过多空动能的可视化对比，清晰揭示当前趋势的强弱转换，并辅以明确的信号提示，帮助您在复杂的行情中做出更理性的决策。 This indicator is a powerful trend-following and trading signal tool designed to use a unique algorithmic model to help investors precisely capture key buying and selling opportunities in the market. Through the visual comparison of bullish and bearish momentum, it clearly reveals the strength transitions of the current trend and provides clear signal alerts, assisting you in making more rational decisions within complex market conditions. Main Features / 主要特点: Visualized Bullish-Bearish Momentum / 多空动能可视化: 通过鲜明的红绿双色柱状图，直观展示市场多空力量的实时博弈情况，让趋势方向一目了然。 Uses distinct red and green histogram bars to intuitively display the real-time battle between bullish and bearish forces in the market, making the trend direction clear at a glance. Precise Buy-Sell Signals / 精准买卖信号: 在趋势发生关键转折点时，指标会发出独特的信号提示（如青色和黄色标记），为您提供潜在的入场和出场参考。 When key turning points occur in the trend, the indicator triggers unique signal prompts (such as cyan and yellow markers), providing you with potential entry and exit references. Dynamic Support and Resistance Lines / 动态支撑压力线: 内嵌动态的支撑线与压力线，能够随市场波动自适应调整，帮助您识别关键的阻力位和支撑位，为判断行情空间提供重要依据。 Incorporates dynamic support and resistance lines that adaptively adjust with market fluctuations, helping you identify key resistance and support levels, which provides an important basis for judging market movement potential. Simple, Intuitive, and Easy to Use / 简洁直观，易于使用: 所有信号均以图形化方式呈现于副图，界面清晰简洁，无需复杂解读，新手也能快速上手。 All signals are presented graphically on the sub-chart. The interface is clear and concise, requiring no complex interpretation, allowing even beginners to get started quickly. Applicable Scenarios / 适用场景: 适用于寻找趋势启动点及转折点的投资者。 Suitable for investors looking for trend initiation points and turning points. 适用于需要辅助判断市场多空动能强弱的交易者。 Suitable for traders who need assistance in judging the strength of market bullish/bearish momentum. 可作为您现有交易系统中的一个有效确认工具。 Can serve as an effective confirmation tool within your existing trading system. Friendly Reminder / 温馨提示: 任何技术指标均为分析辅助工具，建议结合其他分析方法或自身交易经验综合判断，市场有风险，投资需谨慎。 Any technical indicator is an auxiliary analysis tool. It is recommended to use it in combination with other analysis methods or your own trading experience for comprehensive judgment. The market carries risks, so investment requires caution.
Pine Script® indicator
by d3826
Supertrend GoldSignalThis indicator is a combination of two atr with numbers 1.6 and 0.8 The signals that are displayed on the chart are the points where both atr signaled at the same time (if distance = 0). -The atr1 check box is only for displaying atr signals with the number 1.6. You can choose the atr1 number in the slow multiplier section. -The atr2 check box is only for displaying atr signals with a number of 0.8. You can select the number of atr2 in the fast multiplier section. -Note: If the atr1 and atr2 checkboxes are off, only simultaneous signals will be displayed on the chart (that is, points where atr1 and atr2 signaled at the same time). -In the distance section, you can specify the distance between the atr1 and atr2 signals, if it is zero, it means that the atr1 and atr2 signals must be given on the same candle. For example, if the value of distance is 5, it means that atr1 and atr2 signals can have a distance of 5 candles. -The filter check box is for filtering signals using boxes 9, 26 and 52 in Ichimoku. At the points where we have signals, boxes of 9 candles, 26 candles and 52 candles are drawn, and for long signals, the bottom of the boxes must be equal, and for short signals, the top of the boxes must be equal,Signals that do not meet this condition are removed.
Pine Script® indicator
by goldsignall
8
SuperTrend VolatilityThis indicator is actually composition of 3 indicator to one common one it based on super trend , OBV and volatility % range obv act as our source for the super trend to make it more sensitive you can control it as a regular super trend + the addition of volatility % range (volatility factor) so 1 is volatility range , can be from 0.1 to 5 depend on your liking. i set it here in this example of btc 4 hour chart to be 0.5 which is 1/2 of the volatility % range since it fitted better this particular asset . for stock i prefer 1 as my factor this indicator as i normally do have alert and signal inside. the aim of this indicator is to maximize trend on one hand and other to keep sensitivity high one of the problem with regular super trend that as we keep the we increase the trend to be longer it lose sensitivity . by this method that i show here i try to minimize that bad effect and make it both sensitive and more responsive. this is one of the reason i use a modified version of OBV as a source to it . for each asset that you use try to find the best fit so this model can work properly here apple with factor=1 as range on daily it better half of volatility range NIO gold 4 hour gold 1 hour
Pine Script® indicator
by RafaelZioni
23
SuperTrend PZThis is more sensitive super trend you can control by the same way as you control any regular super trend also there is a special factor that you can use , from 0 to 20 to see if the fit become better I noramly give my code for free but since I do not like stupid folks to make as their own so i just give it as full functional one with signal and alerts but not as open source this can be use on any time frame and on any stuff that you wish let me know what you think
Pine Script® indicator
by RafaelZioni
20
SuperTrend Ajeet v1.2This is my version of super trend Here I have used fibo to identify pullback candles Good signals are those which are preceded by a pullback green pullback for buy and a red pullback for sell For a further stronger signal look if there is a double arrow So normally I trade with a signal which has a double arrow and preceded by a pullback As you all know that timeframe to be used is 3 mins I personally use amibroker so here I have just tried to mirror that code in pine script - Ajeet Singh
Pine Script® indicator
by STtraderr
44
OptionHawk1. What makes the script original? • Unique concept: It integrates a Keltner based custom supertrend with a multi-EMA energy visualization, ATR based multi target management, and on chart options (CALL/PUT) trade signals—creating a toolkit not found in typical public scripts. • Innovative use: Instead of off the shelf indicators, it reinvents them: • Keltner bands used as dynamic Supertrend triggers. • Fifteen EMAs layered for “energy” zones (bullish/bearish heatmaps). • ATR dynamically scales multi-TP levels and stop loss. These are creatively fused into a unified signal and automation engine. ________________________________________ 2. What value does it provide to traders? • Clear entries & exits: Labels for entry price/time, five TP levels, and SL structure eliminate guesswork. • Visualization & automation: Real-time bar coloring and energy overlays allow quick momentum reads. • Targeted to common pain points: Many traders struggle with manual TP/SL and entry timing—this automates that process. • Ready for real use: Just plug into intraday (e.g., 5 min) or swing setups; no manual calculations. Signals are actionable out of the box. ________________________________________ 3. Why invite only (worth paying)? • Proprietary fusion: Public indicators like Supertrend or EMA are common—but your layered use, ATR based scaling, and label logic are exclusive. • Auto-generated options format: Unique labeling for CALL/PUT, with graphical on chart signals, isn’t offered freely elsewhere. • Time-saver & edge-provider: Saves traders hours of configuration and enhances consistency—worth the subscription cost over piecing together mash ups. ________________________________________ 4. How does it work? • Signal backbone: Custom supertrend uses Keltner bands crossing with close for direction, filtered by trend direction EMAs. • Multi time logic: Trend defined by crossover of price over dynamic SMA thresholds built from ATR. • Energy bar-colors/EMAs: 15 fast EMAs color-coded green/red to instantly show momentum. • Entry logic: “Bull” when close crosses above supertrend; “Bear” when crosses below. • Risk management: SL set at previous bar; up to 5 ATR scaled targets (or percentage based). • Options formatted alerts: CALL/PUT labels with ₹¬currency values, embedded timestamp, SL/TP all printed on the chart. ________________________________________ 5. How should traders use it? • Best markets & timeframes: Ideal for intraday / low timeframe (1 15m) setups and 1 hour swing trades in equities, indices, options. • Conditions: Works best in trending or volatility driven sessions—visible via Keltner bands and EMA energy alignment. • Recommended combo: Use alongside volume filters or broader cycles; when supertrend & energy EMAs align, validation is stronger. ________________________________________ 6. Proof of effectiveness? • On chart visuals: Entry/exit labels, confirmed labels, TP and SL markers make past hits obvious. • Real trade examples: Highlighted both bull & bear setups with full profit realization or SL hits. • Performance is paint tested: Easy to showcase historic signals across multiple tickers. • Data-backed: Users can export chart data to calculate win rate and avg return per trade. ________________________________________ Summary Pitch: OptionHawk offers a holistic, execution-ready trading tool: 1. Proprietary blend of Keltner-supertrend and layered EMAs—beyond standard scripts. 2. Automates entries, multi-tier targets, SL, and options-format labels. 3. Visual energy overlays for quick momentum readings. 4. Use-tested in intraday and swing markets. 5. Installs on chart and works immediately—no setup complexity. It's not a public indicator package; it's a self-contained, plug and play trade catalyst—worth subscribing for active traders seeking clarity, speed, and structure in their decision-making. 6. While OptionHawk is designed for clarity and structure, no script can predict the market. Always use with discretion and proper risk management. --------------------------------------------------------------------------------------------------------------------- OptionHawk: A Comprehensive Trend-Following & Volatility-Adaptive Trading System The "OptionHawk" script is a sophisticated trading tool designed to provide clear, actionable signals for options trading by combining multiple technical indicators and custom logic. It aims to offer a holistic view of market conditions, identifying trend direction, momentum, and potential entry/exit points with dynamic stop-loss and take-profit levels. ________________________________________ 1. Why These Specific Indicators and Code Elements? The "OptionHawk" script is a strategic fusion of the Supertrend indicator (modified with Keltner Channels), a multi-EMA "Energy" ribbon, dynamic trend lines (based on SMA and ATR), a 100-period Trend Filter EMA, and comprehensive trade management logic (SL/TP). My reason and motivation for this mashup stem from a desire to create a robust system that accounts for various market aspects often overlooked by individual indicators: • Supertrend with Keltner Channels: The standard Supertrend is effective for trend identification but can sometimes generate whipsaws in volatile or ranging markets. By integrating Keltner Channels into the Supertrend calculation, the volatility measure becomes more adaptive, using the (high - low) range within the Keltner Channel for its ATR-like component. This aims to create a more responsive yet less prone-to-false-signals Supertrend. • Multi-EMA "Energy" Ribbon: This visually striking element, composed of 15 EMAs, provides a quick glance at short-to-medium term momentum and potential support/resistance zones. When these EMAs are stacked and moving in one direction, it indicates strong "energy" behind the trend, reinforcing the signals from other indicators. • Dynamic Trend Lines (SMA + ATR): These lines offer a visual representation of support and resistance that adapts to market volatility. Unlike static trend lines, their ATR-based offset ensures they remain relevant across different market conditions and asset classes, providing context for price action relative to the underlying trend. • 100-Period Trend Filter EMA: A longer-period EMA acts as a higher-timeframe trend filter. This is crucial for confirming the direction identified by the faster-acting Supertrend, helping to avoid trades against the prevailing broader trend. • Comprehensive Trade Management Logic: The script integrates automated calculation and display of stop-loss (SL) and multiple take-profit (TP) levels, along with trade confirmation and "TP Hit" labels. This is critical for practical trading, providing immediate, calculated risk-reward parameters that individual indicators typically don't offer. This combination is driven by the need for a multi-faceted approach to trading that goes beyond simple signal generation to include trend confirmation, volatility adaptation, and essential risk management. ________________________________________ 2. What Problem or Need Does This Mashup Solve? This mashup addresses several critical gaps that existing individual indicators often fail to fill: • Reliable Trend Identification in Volatile Markets: While Supertrend is good, it can be late or whipsaw. Integrating Keltner Channels helps it adapt to changing volatility, providing more reliable trend signals. • Confirmation of Signals: A common pitfall of relying on a single indicator is false signals. "OptionHawk" uses the multi-EMA "Energy" ribbon and the 100-period EMA to confirm the trend identified by the Keltner-Supertrend, reducing false entries. • Dynamic Support/Resistance & Trend Context: Static support and resistance levels can quickly become irrelevant. The dynamic SMA + ATR trend lines provide continually adjusting zones that reflect the current market's true support and resistance, giving traders a better understanding of price action within the trend. • Integrated Risk and Reward Management: Most indicators just give entry signals. This script goes a significant step further by automatically calculating and displaying clear stop-loss and up to five take-profit levels (either ATR-based or percentage-based). This is a vital component for structured trading, allowing traders to pre-define their risk and reward for each trade. • Visual Clarity and Actionable Information: Instead of requiring traders to layer multiple indicators manually, "OptionHawk" integrates them into a single, cohesive display with intuitive bar coloring, shape plots, and informative labels. This reduces cognitive load and presents actionable information directly on the chart. In essence, "OptionHawk" provides a more comprehensive, adaptive, and actionable trading framework than relying on isolated indicators. ________________________________________ 3. How Do the Components Work Together? The various components of "OptionHawk" interact in a synergistic and often sequential manner to generate signals and manage trades: • Keltner-Supertrend as the Primary Signal Generator: The supertrend function, enhanced by keltner_channel, is the core of the system. It identifies potential trend reversals and continuation signals (bullish/bearish crosses of the supertrendLine). The sensitivity and factor inputs directly influence how closely the Supertrend follows price and its responsiveness to volatility. • Multi-EMA "Energy" Ribbon for Momentum and Confirmation: The 15 EMAs (from ema1 to ema15) are plotted to provide a visual representation of short-term momentum. When the price is above these EMAs and they are spread out and pointing upwards, it suggests strong bullish "energy." Conversely, when price is below them and they are pointing downwards, it indicates bearish "energy." This ribbon serves as a simultaneous visual confirmation for the Supertrend signals; a buy signal from Supertrend is stronger if the EMA ribbon is also indicating upward momentum. • Dynamic Trend Lines for Context and Confirmation: The sma_high and sma_low lines, incorporating ATR, act as dynamic support and resistance. The trend variable, determined by price crossing these lines, provides an overarching directional bias. This component works conditionally with the Supertrend; a bullish Supertrend signal is more potent if the price is also above the sma_high (indicating an uptrend). • 100-Period Trend Filter EMA for Macro Trend Confirmation: The ema100 acts as a macro trend filter. Supertrend signals are typically considered valid if they align with the direction of the ema100. For example, a "BUY" signal from the Keltner-Supertrend is ideally taken only if the price is also above the ema100, signifying that the smaller trend aligns with the larger trend. This is a conditional filter. • Trade Confirmation and SL/TP Logic (Sequential and Conditional): • Once a bull or bear signal is generated by the Keltner-Supertrend, the tradeSignalCall or tradeSignalPut is set to true. • A confirmation step then occurs for a "BUY" signal, the script checks if the close of the next bar is higher than the entry bar's close. For a "SELL" signal, it checks if the close of the next bar is lower. This is a sequential confirmation step aimed at filtering out weak signals. • Upon a confirmed signal, the stop-loss (SL) is immediately set based on the previous bar's low (for calls) or high (for puts). • Multiple take-profit (TP) levels are calculated and stored in arrays. These can be based on a fixed percentage or dynamic ATR multiples, based on user input. • The TP HIT logic continuously monitors price action simultaneously against these pre-defined target levels, displaying labels when a target is reached. The SL HIT logic similarly monitors for a stop-loss breach. In summary, the Supertrend generates the initial signal, which is then confirmed by the dynamic trend lines and the 100-period EMA, and visually reinforced by the EMA "Energy" ribbon. The trade management logic then takes over, calculating and displaying vital risk-reward parameters. ________________________________________ 4. What is the Purpose of the Mashup Beyond Simply Merging Code? The purpose of "OptionHawk" extends far beyond merely combining different indicator codes; it's about creating a structured and informed decision-making process for options trading. The key strategic insights and functionalities added by combining these elements are: • Enhanced Signal Reliability and Reduced Noise: By requiring multiple indicators to align (e.g., Keltner-Supertrend signal confirmed by EMA trend filter and dynamic trend lines), the script aims to filter out false signals and whipsaws that commonly plague individual indicators. This leads to higher-probability trade setups. • Adaptive Risk Management: The integration of ATR into both the Supertrend calculation and the dynamic stop-loss/take-profit levels makes the entire system adaptive to current market volatility. This means stop-losses and targets are not static but expand or contract with the market's price swings, promoting more realistic risk management. • Clear Trade Entry and Exit Framework: The script provides a complete trading plan with each signal: a clear entry point, a precise stop-loss, and multiple cascading take-profit levels. This holistic approach empowers traders to manage their trades effectively from initiation to conclusion, rather than just identifying a potential entry. • Visual Confirmation of Market Strength: The "Energy" ribbon and dynamic trend lines provide an immediate visual understanding of the market's momentum and underlying trend strength, helping traders gauge conviction behind a signal. • Improved Backtesting and Analysis: By combining these elements into one script, traders can more easily backtest a comprehensive strategy rather than trying to manually combine signals from multiple overlaying indicators, leading to more accurate strategy analysis. • Suitability for Options Trading: Options contracts are highly sensitive to price movement and volatility. This script's focus on confirmed trend identification, dynamic volatility adaptation, and precise risk management makes it particularly well-suited for the nuanced demands of options trading, where timing and defined risk are paramount. ________________________________________ 5. What New Functionality or Insight Does Your Script Offer? "OptionHawk" offers several new functionalities and insights that significantly enhance decision-making, improve accuracy, and provide clearer signals and better timing for traders: • "Smart" Supertrend: By basing the Supertrend's volatility component on the Keltner Channel's range instead of a simple ATR, the Supertrend becomes more sensitive to price action within its typical bounds while still adapting to broader market volatility. This can lead to earlier and more relevant trend change signals. • Multi-Confirmation System: The script doesn't just provide a signal; it layers multiple confirmations (Keltner-Supertrend, multi-EMA "Energy" coloration, dynamic trend lines, and the 100-period EMA). This multi-layered validation significantly improves the accuracy of signals by reducing the likelihood of false positives. • Automated and Dynamic Risk-Reward Display: This is a major functionality enhancement. The automatic calculation and clear display of stop-loss and five distinct take-profit levels (based on either ATR or percentage) directly on the chart, along with "TP HIT" and "SL HIT" labels, streamline the trading process. Traders no longer need to manually calculate these crucial levels, leading to enhanced decision-making and better risk management. • Visual Trend "Energy" and Momentum: The vibrant coloring of the multi-EMA ribbon based on price relative to the EMA provides an intuitive and immediate visual cue for market momentum and "energy." This offers an insight into the strength of the current move, which isn't available from single EMA plots. • Post-Signal Confirmation: The "Confirmation" label appearing on the bar after a signal, if the price continues in the signaled direction, adds an extra layer of real-time validation. This helps to improve signal timing by waiting for initial follow-through. • Streamlined Options Trading Planning: For options traders, having clear entry prices, stop-losses, and multiple target levels directly annotated on the chart is invaluable. It helps in quickly assessing potential premium movements and managing positions effectively. In essence, "OptionHawk" transitions from a collection of indicators to a semi-automated trading assistant, providing a comprehensive, visually rich, and dynamically adaptive framework for making more informed and disciplined trading decisions. ---------------------------------------------------------------------------------------------------------------- Performance & Claims 1. What is the claimed performance of the script or strategy? Answer: The script does not claim any specific performance metrics (e.g., win rate, profit factor, percentage gains). It's an indicator designed to identify potential buy/sell signals and target/stop-loss levels. The labels it generates ("BUY CALL," "BUY PUT," "TP HIT," "SL HIT") are informational based on its internal logic, not a representation of actual trading outcomes. 2. Is there any proof or backtesting to support this claim? Answer: No, the provided code does not include any backtesting functionality or historical performance proof. As an indicator, it simply overlays visual signals on the chart. To obtain backtesting results, the logic would need to be implemented as a Pine Script strategy with entry/exit rules and commission/slippage considerations. 3. Are there any unrealistic or exaggerated performance expectations being made? Answer: The script itself does not make any performance expectations. It avoids quantitative claims. However, if this script were presented to users with implied promises of profit based solely on the visual signals, that would be unrealistic. 4. Have you clearly stated the limitations of the performance data (e.g., “based on backtesting only”)? Answer: There is no statement of performance data or its limitations because the script doesn't generate performance data. 5. Do you include a disclaimer that past results do not guarantee future performance? Answer: No, the script does not include any disclaimers about past or future performance. This is typically found in accompanying documentation or marketing materials for a trading system, not within the indicator's code itself. ________________________________________ Evidence & Transparency 6. How are your performance results measured (e.g., profit factor, win rate, Sharpe ratio)? Answer: Performance results are not measured by this script. It's an indicator. 7. Are these results reproducible by others using the same script and settings? Answer: The visual signals and calculated levels (Supertrend line, EMAs, target/SL levels) generated by the script are reproducible on TradingView when applied to the same instrument, timeframe, and with the same input settings. However, the actual trading results (profit/loss) are not generated or reproducible by this indicator. 8. Do you include enough data (charts, equity curves, trade logs) to support your claims? Answer: No, the script does not include or generate equity curves or trade logs. It provides visual labels on the chart, which can be seen as a form of "data" to support the signal generation, but not the performance claims (as none are made by the code). ________________________________________ Future Expectations 9. Are you making any predictions about future market performance? Answer: No, the script does not make any explicit predictions about future market performance. Its signals are based on historical price action and indicator calculations. 10. Have you stated clearly that the future is fundamentally uncertain? Answer: No, the script does not contain any statements about the uncertainty of the future. 11. Are forward-looking statements presented with caution and appropriate language? Answer: The script does not contain any forward-looking statements beyond the visual signals it generates based on real-time data. ________________________________________ Risk & Disclosure 12. Have you disclosed the risks associated with using your script or strategy? Answer: No, the script does not include any risk disclosures. This is typically found in external documentation. 13. Do you explain that trading involves potential loss as well as gain? Answer: No, the script does not contain any explanation about the potential for loss in trading. ________________________________________ Honesty & Integrity 14. Have you avoided hype words like “guaranteed,” “foolproof,” or “no losses”? Answer: Yes, the script itself avoids these hype words. The language used within the code is technical and describes the indicator's logic. 15. Is your language grounded and realistic rather than promotional? Answer: Yes, the language within the provided Pine Script code is grounded and realistic as it pertains to the technical implementation of an indicator. 16. Are you leaving out any important details that might mislead users (e.g., selective performance snapshots)? Answer: From the perspective of the code itself, no, it's not "leaving out" performance details because it's not designed to generate them. However, if this indicator were to be presented as a "strategy" that implies profitability without accompanying disclaimers, backtesting results, and risk disclosures, then that external presentation could be misleading. The script focuses on signal generation and visual representation. ⚠️ Disclaimer: This indicator is for informational and educational purposes only. It does not guarantee any future results or performance. All trading involves risk. Please assess your own risk tolerance and consult a licensed financial advisor if needed. Past performance does not indicate future returns.
Pine Script® indicator
by ShubhamWaddalwar
D-BoT Alpha Volume SpikeHello traders, Let me explain the code and provide an example of how to trade using this indicator. The code you provided is a Pine Script indicator that combines multiple technical indicators, such as Supertrend, ADX, RSI, and MFI, to generate buy and sell signals. Here's a breakdown of the code: User Settings: The user can adjust parameters like overbought_limit, oversold_limit, volume_multiplier, volume_ma_length, volume_spike_multiple, lookback_period, and use_extremities_confirmation according to their preference. Calculate Supertrend: The Supertrend indicator is calculated using three different ATR lengths (supertrend_atr_period1, supertrend_atr_period2, supertrend_atr_period3) and corresponding factors (supertrend_factor1, supertrend_factor2, supertrend_factor3). The supertrend_value1, supertrend_value2, and supertrend_value3 represent the Supertrend values, while trend_direction1, trend_direction2, and trend_direction3 indicate the trend direction (negative for downtrend, positive for uptrend). Candle calculations: The high and low values are checked to identify bullish and bearish candles based on specific conditions. Volume Spikes: Volume spikes are detected by comparing the current volume with a median volume over a specified lookback period. If the volume exceeds a certain multiple of the median volume and the DI+ value is greater than the DI- value, an "up" signal is generated. Similarly, if the DI- value is greater than the DI+ value, a "down" signal is generated. Additional Filters (RSI and MFI): Relative Strength Index (RSI) and Money Flow Index (MFI) are used as additional filters. The RSI and MFI parameters can be adjusted according to the user's preference. The signals generated by the volume spikes are filtered based on RSI and MFI conditions. Plotting: The indicator plots shapes (triangles) to represent buy and sell signals. The Supertrend lines are plotted using different colors and transparency levels based on the distance from the current price. The "bodyMiddle" plot is used for filling the area between the Supertrend lines. Example Trade Scenario: Let's consider an example trade scenario using this indicator: When the indicator generates an "up" signal (trendBuy = true), indicating a potential bullish trend, and all the confirmation conditions (RSI, MFI, Supertrend) are met, you can consider opening a long position. Conversely, when the indicator generates a "down" signal (trendSell = true), indicating a potential bearish trend, and all the confirmation conditions are met, you can consider opening a short position. Remember, this is just an example, and it's crucial to perform thorough analysis and consider other factors before making trading decisions. It's recommended to backtest the strategy, assess risk management, and apply appropriate position sizing techniques. Please note that the code provided is a simplified version, and there might be additional factors and considerations specific to your trading strategy that are not included in this code. *******"I have also reviewed the following indicators, and the volume calculation approaches of my friends have been very helpful in creating this indicator: "Volume Spikes " © tradeforopp and "Volume Spikes & Growing Volume Signals With Alerts & Scanner" © FriendOfTheTrend."*******
Pine Script® indicator
by Genesis-Trader
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