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Rainbow Trend IndicatorThis is an indicator based on the MA rainbow concept. It is possible to choose between 15 or 20 MA's and if all 15 MA's is picked, the calculation will be calculated on 15 MA's and if 20 is picked the calculation is calculated on 20 MA's. The indicator will then be a line which is assigned a value from the calculation based on the MA's. If the line is above the dashed zero line, meaning the line's last value is a positive value, the price is in a uptrend and if the line is below the dashed zero line, meaning the line's last value is a negative value, the price is in a downtrend. In short If the line is green, the price is in a uptrend. If the line is red, the price is in a downtrend.
Pine Script® indicator
by jeppekejser
3
Day start top and bottomThis code is modified to draw the first 15 minutes(variable in setting by default 15m is set) of the high and lows through out the day. It will work on time frames less than than or equal to 1st input. Hope this code helps you all. IMPORTANT SETTING DETAILS: 1.Res = input(title="Starting X minutes lines to be Displayed",defval="15", type=input.resolution) 2.Day_start_15m=input("0915-0930",title="your country's Trading session time (starting X minutes)") make sure to enter the starting 15 min of your country trading time in the input in 2nd input both the above input 1 and 2 must be equal in time i.e "0915-0930"=15min and first one is also 15m you need to make sure that the input settings are correct. It is By default set For INDIAs trading start time, you have to set start time according to your country.
Pine Script® indicator
by TJalam
19
mForex - Keltner channel + EMA Scalping systemTransaction setup parameters Time frame: M5, M15 Currency pair: EUR / USD , GPB / USD Transaction: London, USA Number of orders / day: 10 - 15 orders Trading strategies === BUY === Candles close on the upper Keltner EMA10 crosses the upper Keltner range from below Stop loss in the middle band or up to 12 pips Profit target: 15-25 pips === SELL === Candles close below Keltner below EMA10 crosses the Keltner range below from above Stop loss in the middle band or up to 12 pips Profit target: 15-25 pips
Pine Script® indicator
by redf0x1
29
ADD for SPX intraday (NYSE Adv-Decl) -Tom1traderThis is the NYSE Advancers - decliners which the SPX pretty much follows. You can chart it like any index (ADD -NYSE $ADV MINUS $DECL) but I find it more useful in a separate panel with colors for direction. The level gives an idea of days move (example: plus or minus 500 is not much movement through the session) but I follow the direction as when more stocks advance (green) or decline (red) the index tends to track it pretty closely. On SPX, SPY and correlateds - very useful for intra-day trading (Scalping or 0DTE option trades) but not for higher time frames at all. If you chart the ADD in a chart and compare 5 minute to daily you will see what I mean. I left it at 5 minutes timeframe which displays well on any intraday chart. You can change it by changing the "5" in the security function on line 13 to what you want ("1" 1 minute, "15" 15 minutes) or change it to timeframe.period (no quotes) so that it will follow the timeframe of the current chart. I like 5 min as it displays better on higher timeframes i.e. 15 min. or hour. A simple moving average with a length of 10 is added to help gauge momemtum. Hope this helps with trading or scripting ideas, questions or feed back welcome. Keep Smiling.
Pine Script® indicator
by Tom1trader
7
Bar Balance [LucF]Bar Balance extracts the number of up, down and neutral intrabars contained in each chart bar, revealing information on the strength of price movement. It can display stacked columns representing raw up/down/neutral intrabar counts, or an up/down balance line which can be calculated and visualized in many different ways. WARNING: This is an analysis tool that works on historical bars only. It does not show any realtime information, and thus cannot be used to issue alerts or for automated trading. When realtime bars elapse, the indicator will require a browser refresh, a change to its Inputs or to the chart's timeframe/symbol to recalculate and display information on those elapsed bars. Once a trader understands this, the indicator can be used advantageously to make discretionary trading decisions. Traders used to work with my  Delta Volume Columns Pro  will feel right at home in this indicator's Inputs . It has lots of options, allowing it to be used in many different ways. If you value the bar balance information this indicator mines, I hope you will find the time required to master the use of Bar Balance well worth the investment. █  OVERVIEW The indicator has two modes: Columns and Line . Columns • In Columns mode you can display stacked Up/Down/Neutral columns. • The "Up" section represents the count of intrabars where `close > open`, "Down" where `close < open` and "Neutral" where `close = open`. • The Up section always appears above the centerline, the Down section below. The Neutral section overlaps the centerline, split halfway above and below it.  The Up and Down sections start where the Neutral section ends, when there is one. • The Up and Down sections can be colored independently using 7 different methods. • The signal line plotted in Line mode can also be displayed in Columns mode. Line • Displays a single balance line using a zero centerline. • A variable number of independent methods can be used to calculate the line (6), determine its color (5), and color the fill (5).  You can thus evaluate the state of 3 different components with this single line. • A "Divergence Levels" feature will use the line to automatically draw expanding levels on divergence events. Features available in both modes • The color of all components can be selected from 15 base colors, with 16 gradient levels used for each base color in the indicator's gradients. • A zero line can show a 6-state aggregate value of the three main volume balance modes. • The background can be colored using any of 5 different methods. • Chart bars can be colored using 5 different methods. • Divergence and large neutral count ratio events can be shown in either Columns or Line mode, calculated in one of 4 different methods. • Markers on 6 different conditions can be displayed. █  CONCEPTS Intrabar inspection Intrabar inspection means the indicator looks at lower timeframe bars ( intrabars ) making up a given chart bar to gather its information. If your chart is on a 1-hour timeframe and the intrabar resolution determined by the indicator is 5 minutes, then 12 intrabars will be analyzed for each chart bar and the count of up/down/neutral intrabars among those will be tallied. Bar Balances and calculation methods The indicator uses a variety of methods to evaluate bar balance and to derive other calculations from them: 1. Balance on Bar : Uses the relative importance of instant Up and Down counts on the bar. 2. Balance Averages : Uses the difference between the EMAs of Up and Down counts. 3. Balance Momentum : Starts by calculating, separately for both Up and Down counts, the difference between the same EMAs used in Balance Averages and an SMA of double the period used for the EMAs. These differences are then aggregated and finally, a bounded momentum of that aggregate is calculated using RSI. 4. Markers Bias : It sums the bull/bear occurrences of the four previous markers over a user-defined period (the default is 14). 5. Combined Balances : This is the aggregate of the instant bull/bear bias of the three main bar balances. 6. Dual Up/Down Averages : This is a display mode showing the EMA calculated for each of the Up and Down counts. Interpretation of neutral intrabars What do neutral intrabars mean? When price does not change during a bar, it can be because there is simply no interest in the market, or because of a perfect balance between buyers and sellers. The latter being more improbable, Bar Balance assumes that neutral bars reveal a lack of interest, which entails uncertainty. That is the reason why the option is provided to interpret ratios of neutral intrabars greater than 50% as divergences. It is also the rationale behind the option to dampen signal lines on the inverse ratio of neutral intrabars, so that zero intrabars do not affect the signal, and progressively larger proportions of neutral intrabars will reduce the signal's amplitude, as the balance calcs using the up/down counts lose significance. The impact of the dampening will vary with markets. Weaker markets such as cryptos will often contain greater numbers of neutral intrabars, so dampening the Line in that sector will have a greater impact than in more liquid markets. █  FEATURES 1 — Columns • While the size of the Up/Down columns always represents their respective importance on the bar, their coloring mode is independent. The default setup uses a standard coloring mode where the Up/Down columns over/under the zero line are always in the bull/bear color with a higher intensity for the winning side. Six other coloring modes allow you to pack more information in the columns. When choosing to color the top columns using a bull/bear gradient on Balance Averages, for example, you will end up with bull/bear colored tops. In order for the color of the bottom columns to continue to show the instant bar balance, you can then choose the "Up/Down Ratio on Bar — Dual Solid Colors" coloring mode to make those bars the color of the winning side for that bar. • Line mode shows only the line, but Columns mode allows displaying the line along with it. If the scale of the line is different than that of the scale of the columns, the line will often appear flat. Traders may find even a flat line useful as its bull/bear colors will be easily distinguishable. 2 — Line • The default setup for Line mode uses a calculation on "Balance Momentum", with a fill on the longer-term "Balance Averages" and a line color based on the "Markers Bias". With the background set on "Line vs Divergence Levels" and the zero line on the hard-coded "Combined Bar Balances", you have access to five distinct sources of information at a glance, to which you can add divergences, divergences levels and chart bar coloring. This provides powerful potential in displaying bar balance information. • When no columns are displayed, Line mode can show the full scale of whichever line you choose to calculate because the columns' scale no longer interferes with the line's scale. • Note that when "Balance on Bar" is selected, the Neutral count is also displayed as a ratio of the balance line. This is the only instance where the Neutral count is displayed in Line mode. • The "Dual Up/Down Averages" is an exception as it displays two lines: one average for the Up counts and another for the Down counts. This mode will be most useful when Columns are also displayed, as it provides a reference for the top and bottom columns. 3 — Zero Line The zero line can be colored using two methods, both based on the Combined Balances, i.e., the aggregate of the instant bull/bear bias of the three main bar balances. • In "Six-state Dual Color Gradient" mode, a dot appears on every bar. Its color reflects the bull/bear state of the Combined Balances, and the dot's brightness reflects the tally of balance biases. • In "Dual Solid Colors (All Bull/All Bear Only)" a dot only appears when all three balances are either bullish or bearish. The resulting pattern is identical to that of Marker 1. 4 — Divergences • Divergences are displayed as a small circle at the top of the scale. Four different types of divergence events can be detected. Divergences occur whenever the bull/bear bias of the method used diverges with the bar's price direction. • An option allows you to include in divergence events instances where the count of neutral intrabars exceeds 50% of the total intrabar count. • The divergence levels are dynamic levels that automatically build from the line's values on divergence events. On consecutive divergences, the levels will expand, creating a channel. This implementation of the divergence levels corresponds to my view that divergences indicate anomalies, hesitations, points of uncertainty if you will. It excludes any association of a pre-determined bullish/bearish bias to divergences. Accordingly, the levels merely take note of divergence events and mark those points in time with levels. Traders then have a reference point from which they can evaluate further movement. The bull/bear/neutral colors used to plot the levels are also congruent with this view in that they are determined by price's position relative to the levels, which is how I think divergences can be put to the most effective use. 5 — Background • The background can show a bull/bear gradient on four different calculations. You can adjust its brightness to make its visual importance proportional to how you use it in your analysis. 6 — Chart bars • Chart bars can be colored using five different methods. • You have the option of emptying the body of bars where volume does not increase, as does my TLD indicator, the idea behind this being that movement on bars where volume does not increase is less relevant. 7 — Intrabar Resolution You can choose between three modes. Two of them are automatic and one is manual:   a) Fast, Longer history, Auto-Steps (~12 intrabars) : Optimized for speed and deeper history. Uses an average minimum of 12 intrabars.   b) More Precise, Shorter History Auto-Steps (~24 intrabars) : Uses finer intrabar resolution. It is slower and provides less history. Uses an average minimum of 24 intrabars.   c) Fixed : Uses the fixed resolution of your choice. Auto-Steps calculations vary for 24/7 and conventional markets in order to achieve the proper target of minimum intrabars. You can choose to view the intrabar resolution currently used to calculate delta volume. It is the default. The proper selection of the intrabar resolution is important. It must achieve maximal granularity to produce precise results while not unduly slowing down calculations, or worse, causing runtime errors. 8 — Markers Six markers are available: 1. Combined Balances Agreement : All three Bar Balances are either bullish or bearish. 2. Up or Down % Agrees With Bar : An up marker will appear when the percentage of up intrabars in an up chart bar is greater than the specified percentage. Conditions mirror to down bars. 3. Divergence confirmations By Price : One of the four types of balance calculations can be used to detect divergences with price. Confirmations occur when the bar following the divergence confirms the balance bias. Note that the divergence events used here do not include neutral intrabar events. 4. Balance Transitions : Bull/bear transitions of the selected balance. 5. Markers Bias Transitions : Bull/bear transitions of the Markers Bias. 6. Divergence Confirmations By Line : Marks points where the line first breaches a divergence level. Markers appear when the condition is detected, without delay. Since nothing is plotted in realtime, markers do not appear on the realtime bar. 9 — Settings • Two modes can be selected to dampen the line on the ratio of neutral intrabars. • A distinct weight can be attributed to the count of the latter half of intrabars, on the assumption that later intrabars may be more important in determining the outcome of chart bars. • Allows control over the periods of the different moving averages used in calculations. • The default periods used for the various calculations define the following hierarchy from slow to fast:   Balance Averages: 50,   Balance Momentum: 20,   Dual Up/Down Averages: 20,   Marker Bias: 10. █  LIMITATIONS • This script uses a special characteristic of the `security()` function allowing the inspection of intrabars—which is not officially supported by TradingView. • The method used does not work on the realtime bar—only on historical bars. • The indicator only works on some chart resolutions: 3, 5, 10, 15 and 30 minutes, 1, 2, 4, 6, and 12 hours, 1 day, 1 week and 1 month. The script’s code can be modified to run on other resolutions, but chart resolutions must be divisible by the lower resolution used for intrabars and the stepping mechanism could require adaptation. • When using the "Line vs Divergence Levels — Dual Color Gradient" color mode to fill the line, background or chart bars, keep in mind that a line calculation mode must be defined for it to work, as it determines gradients on the movement of the line relative to divergence levels. If the line is hidden, it will not work. • When the difference between the chart’s resolution and the intrabar resolution is too great, runtime errors will occur. The Auto-Steps selection mechanisms should avoid this. • Alerts do not work reliably when `security()` is used at intrabar resolutions. Accordingly, no alerts are configured in the indicator. • The color model used in the indicator provides for fancy visuals that come at a price; when you change values in Inputs , it can take 20 seconds for the changes to materialize. Luckily, once your color setup is complete, the color model does not have a large performance impact, as in normal operation the `security()` calls will become the most important factor in determining response time. Also, once in a while a runtime error will occur when you change inputs. Just making another change will usually bring the indicator back up. █  RAMBLINGS Is this thing useful? I'll let you decide. Bar Balance acts somewhat like an X-Ray on bars. The intrabars it analyzes are no secret; one can simply change the chart's resolution to see the same intrabars the indicator uses. What the indicator brings to traders is the precise count of up/down/neutral intrabars and, more importantly, the calculations it derives from them to present the information in a way that can make it easier to use in trading decisions. How reliable is Bar Balance information? By the same token that an up bar does not guarantee that more up bars will follow, future price movements cannot be inferred from the mere count of up/down/neutral intrabars. Price movement during any chart bar for which, let's say, 12 intrabars are analyzed, could be due to only one of those intrabars. One can thus easily see how only relying on bar balance information could be very misleading. The rationale behind Bar Balance is that when the information mined for multiple chart bars is aggregated, it can provide insight into the history behind chart bars, and thus some bias as to the strength of movements. An up chart bar where 11/12 intrabars are also up is assumed to be stronger than the same up bar where only 2/12 intrabars are up. This logic is not bulletproof, and sometimes Bar Balance will stray. Also, keep in mind that balance lines do not represent price momentum as RSI would. Bar Balance calculations have no idea where price is. Their perspective, like that of any historian, is very limited, constrained that it is to the narrow universe of up/down/neutral intrabar counts. You will thus see instances where price is moving up while Balance Momentum, for example, is moving down. When Bar Balance performs as intended, this indicates that the rally is weakening, which does necessarily imply that price will reverse. Occasionally, price will merrily continue to advance on weakening strength. Divergences Most of the divergence detection methods used here rely on a difference between the bias of a calculation involving a multi-bar average and a given bar's price direction. When using "Bar Balance on Bar" however, only the bar's balance and price movement are used. This is the default mode. As usual, divergences are points of interest because they reveal imbalances, which may or may not become turning points. I do not share the overwhelming enthusiasm traders have for the purported ability of bullish/bearish divergences to indicate imminent reversals. Superfluity In "The Bed of Procrustes", Nassim Nicholas Taleb writes: To bankrupt a fool, give him information . Bar Balance can display lots of information. While learning to use a new indicator inevitably requires an adaptation period where we put it through its paces and try out all its options, once you have become used to Bar Balance and decide to adopt it, rigorously eliminate the components you don't use and configure the remaining ones so their visual prominence reflects their relative importance in your analysis. I tried to provide flexible options for traders to control this indicator's visuals for that exact reason—not for window dressing. █  NOTES For traders • To avoid misleading traders who don't read script descriptions, the indicator shows nothing in the realtime bar. • The Data Window shows key values for the indicator. • All gradients used in this indicator determine their brightness intensities using advances/declines in the signal—not their relative position in a fixed scale. • Note that because of the way gradients are optimized internally, changing their brightness will sometimes require bringing down the value a few steps before you see an impact. • Because this indicator does not use volume, it will work on all markets. For coders • For those interested in gradients, this script uses an advanced version of the Advance/Decline gradient function from the PineCoders Color Gradient (16 colors) Framework . It allows more precise control over the range, steps and min/max values of the gradients. • I use the PineCoders Coding Conventions for Pine to write my scripts. • I used functions modified from the PineCoders MTF Selection Framework for the selection of timeframes. █  THANKS TO: — alexgrover who helped me think through the dampening method used to attenuate signal lines on high ratios of neutral intrabars. — A guy called Kuan who commented on a Backtest Rookies presentation of their Volume Profile indicator . The technique I use to inspect intrabars is derived from Kuan's code. — theheirophant , my partner in the exploration of the sometimes weird abysses of `security()`’s behavior at intrabar resolutions. — midtownsk8rguy , my brilliant companion in mining the depths of Pine graphics. He is also the co-author of the PineCoders Color Gradient Frameworks .
Pine Script® indicator
by LucF
29
(JS)DMI BarsAlright - so this is my own version of John Carter's "10x Bars"... I have done multiple things that are different from his version so they are slightly different.. So first of all the main indicator is based off of the ADX and the DMI; For those who aren't familiar with it, Directional Movement is what you'd pull up under "built-in's" from the indicators tab (if you want to check it out). The standard interpretation of this however, is when the ADX is above 20 that suggests the trend is strong, whereas under 20 suggests it is weak. Also, when the D+ is above the D- that suggests a bullish trend, and D- above D+ suggests a bearish trend. These bars take away the need to have it at the bottom of your screen, and places the data on the bars on your chart instead. ========================================================================================================================================= So here's what the colors stand for - Yellow - The ADX is under 20, no strength in trend Shades of green occur when the ADX is above 20 and there's a bullish trend (D+ higher than D-) Bright Green (Lime) - Bullish trend, D+ above 30 Green - Bullish Trend Yellow Green - Bullish trend, D+ below 15 Shades of red occur when the ADX is above 20 and there's a bearish trend (D- higher than D+) Bright Red - Bearish trend, D- above 30 Red - Bearish Trend Orange - Bearish trend, D- below 15 ========================================================================================================================================= I have also added multiple time frame labels (label script used is the one created by Ricardo Santos) These labels are color coded the same as the bars/candles, and they appear off to the right of your screen using every built in time increment from TradingView. The purpose is to show you in real time, and on any chart resolution, what the current trend is on every individual time frame. So using just one single chart you'll see your current resolutions candles, but also on the labels you'll see: 1 Minute 3 Minute 5 Minute 15 Minute 30 Minute 45 Minute 1 Hour 2 Hour 3 Hour 4 Hour Daily Weekly Monthly There is an input I added that allows you to adjust where your labels appear on the side of your screen as well! ========================================================================================================================================= Now onto the volume spike portion of the indicator. This will plot a blue dot under each bar that has a spike in volume which meets your specified criteria. I have 500% as the default setting. What that means is that this indicator looks back and gets the 50 bar volume average and then applies dots where volume is 500% above average. ========================================================================================================================================= Now finally, the reversal arrows. This is another simple to understand concept that I first read in John Carter's book "Mastering the Trade" that he calls "HOLP/LOHP". I have added the ability to change the look back period you'd like the indicator to watch for highs and lows on. What that stands for is 'High of Low Period' and 'Low of High Period', and it is used like this- Whenever a bar makes a new high the indicator watches the low on that highest bar. Then when a bar afterwards makes a lower low then the one on the high bar, a reversal arrow is given. Apply this same concept in the other direction in for the highs on the lowest bars. ========================================================================================================================================= Now, I didn't want to make a "set" or have a bunch of different indicators out there that are all intended for the same package, so I took the time to put them together, and if there's a part of it you don't care for they can easily be turned off in the settings. Enjoy!
Pine Script® indicator
by J-Streak
11
Delta Volume Columns [LucF]Displays delta volume columns using intrabar volume information. Each volume column is divided into three sections: buying, selling and neutral volume. Volume for each section is determined from the volume and price movement of each intrabar at a user-selected lower resolution. Features include: - Choice of color themes for either dark or light chart backgrounds - Delta volume columns - Volume Balance displayed as the difference between the MAs of buying and selling volume - Display of divergences between a bar’s volume balance and the bar’s price movement (example: buying volume > selling volume but close < open). Divergences can be shown in 2 different color schemes (including green/red showing a tentative direction), on volume columns and/or on chart bars - Display of bar by bar volume balance with highlighting of above average volume - Display of the usual total volume MA - Choice of the lower resolution used to retrieve intrabar information - Alerts configurable on any combination of the markers, with control over long/short direction - Choice of 3 different markers: 1. Double bumps: two consecutive bars where buying or selling volume is in the same direction and where volume > volume MA 2. Divergence confirmations: direction of the price bar following a price/volume balance divergence 3. Volume balance shifts: zero level crossings of the volume balance MA delta The chart shows the two main modes of display: - Top pane : shows the stacked volume columns with divergences in orange and the flattened volume balance MAs delta at the bottom of the volume columns. This volume balance is the same shown in the bottom pane. The top pane also shows the instant volume balance strip above the volume columns. The strip’s colors show which of the buying or selling volume was greater, and colors are brighter if the total volume was above the total volume MA. - Bottom pane : shows the volume balance MAs delta with markers 1 and 2. Given that this graphic has no price momentum component, I find quite eerie how it often looks like a momentum-based signal. The default 5 minute intrabar resolution is used in combination with the weekly chart, which is excessive. This script uses a special characteristic of the security() function’s behavior when it is sent to a resolution lower than the chart’s resolution. Details are given in the script’s comments. This method has the advantage of working under more circumstances than some of the other loop-based methods, but it also has its limits. IMPORTANT This is what you need to know: - The method used does not work on the realtime bar—only on historical bars. Consequently, the volume column shown on the realtime bar is a normal volume column plotted in green or red, following price movement. The column will only show delta volume information after it closes and becomes a historical bar. - The indicator only works on some chart resolutions: 5, 10, 15 and 30 minutes, 1, 2, 4, 6, and 12 hours, 1 day, 1 week and 1 month. The script’s code can be modified to run on other resolutions, but chart resolutions must be divisible by the lower resolution used for intrabars. - Intrabar resolutions can be selected from 1, 5, 15, 30, 45 minutes, 1, 2, 3, 4 hours, 1 day, 1 week and 1 month. The intrabar resolution must of course be smaller than the chart’s resolution. - Contrary to my other indicators where alerts must be configured to trigger “Once Per Bar Close” in order to avoid false triggers (or repainting), all this indicator’s alerts are designed to trigger using previous bar information since the indicator’s calculations in the realtime bar are not exact. Markers are not plotted with a negative offset; they appear at the beginning of the realtime bar following confirmation of the marker’s condition on the previous bar. Alerts for this indicator should thus be configured to trigger “Once Per Bar” so they trigger at the beginning of the realtime bar. Note that the penalty is not that great, as it is simply the instant between the close of the previous realtime bar and the opening of the next. The advantage of using this technique is that the indicator does not repaint; a marker that appears at the beginning of the realtime bar will never disappear. - The script only plots information that is reliable in the realtime bar, i.e., total volume and markers. All other plots are set to n/a to prevent misleading traders. - When the difference between the chart’s resolution and the lower resolution is too important, volume columns will not calculate for all bars in the dataset. On Delta Volume Buying or selling volume are misnomers, as every unit of volume transacted is both bought and sold by 2 different traders. There is no such thing as “buy only” or “sell only” volume, but trader lingo is riddled with original fabulations. Without access to order book information, traders work with the assumption that when price moves up during a bar, there was more buying pressure than selling pressure. The built-in volume indicator available on TradingView uses this logic to color the volume columns green or red. While this script’s numbers are more precise because it analyses a number of intrabars to calculate its information, it uses the exact same imperfect logic to calculate its buying/selling/neutral sections. Until Pine scripts can have access to how much volume was transacted at the bid/ask prices, our so-called buying/selling volume information will always be a mere proxy. Divergences You may wonder how there can be divergences between buying/selling volume information and price movement. This will sometimes be due to the methodology’s shortcomings we have just discussed, but divergences may also occur in instances where because of order book structure, it takes less volume to increase the price of an asset than it takes to decrease it. As usual, divergences are points of interest because they reveal imbalances, which may or may not become turning points. I do not share the overwhelming enthusiasm traders have for divergences. To your pattern-hungry brain, the orange bars this indicator shows on chart will—as divergences on other indicators do–appear to often indicate turnarounds. My opinion is that reality is generally quite sobering, as many who have tried building automated rules based on divergences will tell you. I do not have hard numbers on the lack of performance of divergences—only many failed attempts to make them perform, which a few experienced strategy modelers I know share with me. Please don’t try to read too much into them. While they look great on past data, I find they are often difficult to use in realtime to make bets with good odds. Thanks to: - A guy called Kuan who commented on a Backtest Rookies presentation of an intrabar delta volume indicator using a for loop. The heart of “my” indicator is code borrowed from Kuan; I just built a hopefully useful wrapper around it. - @theheirophant, my partner in the exploration of the sometimes weird abysses of security() ’s behavior at lower resolutions.
Pine Script® indicator
by LucF
69
Divergences for many indicators v2.0A gift from me to all. This script is developed to find Divergences for many indicators. it analyses divergences and then draws line on the graph. red for negatif, lime for positive divergences. Currently script checks divergence for RSI, MACD, MACD Histogram, Stochastic, CCI, Momentum, OBV, Diosc, VWMACD and CMF indicators. You can use some or all of these indicators to check divergences as you wish by choosing them on the menu. Also you can add/remove many other indicators to the script to check if there is divergence. The script first calculates tops/bottoms by using higher time frame zig zag and then finds divergences. Higher Time Frames are if currend period 1 min => HTF = 5 mins if currend period 3 mins => HTF = 15 mins if currend period 5 mins => HTF = 15 mins if currend period 15 mins => HTF = 1 hour if currend period 30 mins => HTF = 1 hour if currend period 45 mins => HTF = 1 hour if currend period 1 hour => HTF = 4 hours if currend period 2 hours => HTF = 4 hours if currend period 3 hours => HTF = 4 hours if currend period 4 hours => HTF = 1 day if currend period 1 day => HTF = 1 week if currend period 1 week => HTF = 1 week future plan : script finds regular divergences, soon I will add hidden divergences and also I plan to add alert ;)
Pine Script® indicator
by LonesomeTheBlue
41
lsi (study about length and MTF) Here in this example I took lazy bear famous momentum squeeze indicator . the problem that there is lagging in the indicator so the buy and sell will be late . So instead the KC length that the original script had we put int1=input(30) int2=input(60) lengthKC=isintraday and interval >= int1 ? int2/interval * 7 : isintraday and interval < 60 ? 60/interval * 24 * 7 : 7 this allow us to create a time and length related function to indicator and result in better output with no lagging The second and most important thing is the ability to create indicator with time function as MTF without the security function that create repaint all you need to do is to change int2 (to the time min of your choice ) and you can create an indicator with MTF function without the security function .And by this hopefully avoid the repainting issue when you use this indicator change the setting of int1 and int 2 according to time frame that you use lets say 15 min graph make the int1 <15 min and the int2 at 15 min. if you want to see it as MTF just increase the int2 to the time set of your choice and play little with int1 to best setting
Pine Script® indicator
by RafaelZioni
3
Simple TrenderOriginates from: I was reading some Impulse Trading literature by A. Elder.. In it, someone named Kerry Lovvorn proposed "An End of Day Trend Following System" for someone lazy. Originally it is just price closing above an 8 ema (low) for long. Exit when price closes below an 8 ema (low). The opposite for a short position. Conditions: Buy when price closed below ema (low) for two bars or more, then closes above. Opposite for a short position. I do not follow this condition. Though it may help with whipsaw. My condition is when price closes above the 26 ema (low) (works the best for me) I place orders above the initial crossing bars high. Opposite for lows. I look for stocks that are low in price to go long on. I want the run from 2's to 15's I look for stocks that are mid-teens/20's in price to go short on. I want the run from 20's to 2's I look for stock with news and earnings that are already running (up or down) to play the pullback. These conditions can easily be scanned for on thinkorswim From first glance, the system looks like CMsling shotsystem. Although, I plagiarized some parts of the codes, because I am inept when it comes to that shit, it differs as it is not a moving average crossover system. It is a price crossing over concept. A moving average VWAP is used for best entries on pullbacks. Purpose: --To catch the majority of a trend/wave/run. --To identify pullback areas to go long or short while in midst of trend. To catch pullbacks off news and earning runners. --To catch the initial start of trend with clear rules to enter --Clear rules to exit Issues --possibilities of getting ninja sliced the fuck up. Can be mitigated by entering stocks with decent average volume. And also only going long above 200 ema and short below it. ADX won't work, at the initial start of the trend it will show not trending. Can look at blow off volume at the bottom followed by increase in buying for long and vice versa for short. --Can give some huge gains away through gap ups or gap downs from news or earnings during trend. However, can get huge gain on gaps from news or earning. Nature of the game. --Need some brass balls and a supply of pepto to stomach through some of the pullbacks. Gut wrenching seeing big gains dwindle. But they all even out at the end, you hope. (see NBEV and IGC, and CRON and others. shit don't go in straight lines, homie) Pros --It's simple and easy. Overall, you profit --works with any security Cons --It can be stressful. --does not work well on lower time frames. Do not recommend going below 15 minutes --Possibility of working on 5 minutes with a time frame breakout strategy (15,30 min). Couple it with LazyBear "Weis Wave Volume" indicator. Works well for pullback entries. Enjoy. Ride some waves.
Pine Script® indicator
by NYBKLYN
6
VWAP forex Yesterday Hi/Low update fix This script is an updte fix of an earlier script that stopped functioning when TradingView updated Pine script. This script plots Forex (24 hour session) VWAP, yesterday's high, low, open and close (HLOC), the day before's HLOC - Also plots higher timeframe 20 emas 1 minute 5, 15, 60 period 20 ema 5 minute 15, 60 period 20 ema 15 minute 60, 120 , 240 period 20 ema 60 minute 120, 240 period 20 ema 120 minute 240, D period 20 ema 240 minute D period 20 ema Also signals inside bars (high is less than or equal to the previous bar's high and the low is greater than or equal to the previous low) the : true inside bars have a maroon triangle below the bar as well as a ">" above the bar. If subsequest bars are inside the last bar before the last true inside bar they also are marked with an ">" This is probably a slight variation from the way Leaf_West plots the inside bars. It appears that he marks all bars that are inside the original bar until one a bar has a high or low outside the original bar. But I would need to see an example on his charts. The Time Session Glitch and the Fix FX_IDC, COINBASE and BITSTAMP: The script will correctly default to 1700 hrs to 1700hrs EDT/EST session for FXCM. Strangely some securities appear to erroneously start their session at 1200 hrs ie. My guess is that they are somehow tied to GMT+0 instead of New York time (GMT+5). See this for yourself by selecting EURUSD using the FXCM exchange (FX:EURUSD) and then EURUSD from the IDC exchange (FX_IDC:EURUSD). The FX-IDC session opening range starts 5 hours before it actually should at 1700 hrs EDT/EST. To correct for this I have implemented an automatic fix (default) and a user selected "5 hour time shift adjust. ment needed on some securities". There is also a 4 hour time shift button which might be necessary when New York reverts from Eastern Standard Time to Eastern Daylight Time (1 hour difference) in March (and then back again in November). In the default auto adjust mode you will need to select the 1 hour time shift. That is if this glitch still exists at that time. I have looked at other scripts, other than my own and where the script is available, that need to use information about the opening bar and all have the same time shift issue COINBASE and BITSTAMP open at 0000 hours GMT. Since I use lines instead of circles or crosses I had to make a small adjustment to plot the lines correctly. If it needs work let me know. Jayy
Pine Script® indicator
by jayy
6
VWAP forex Yesterday Hi/Low switchThis script plots VWAP, yesterday's high, low, open and close (HLOC), the day before's HLOC - Also plots higher timeframe 20 emas including: 1 minute 5, 15, 60 period 20 ema 5 minute 15, 60 period 20 ema 15 minute 60, 120 , 240 period 20 ema 60 minute 120, 240 period 20 ema 120 minute 240, D period 20 ema 240 minute D period 20 ema Also signals inside bars (high is less than or equal to the previous bar's high and the low is greater than or equal to the previous low) the : true inside bars have a maroon triangle below the bar as well as a ">" above the bar. If subsequent bars are inside the last bar before the last true inside bar they also are marked with an ">" If you have suggestions let me know. Jayy
Pine Script® indicator
by jayy
2
[Bitcoin] Lastbattle's nose pickerI've been working on a top and bottom picker script over the past couple of weeks, based on RSI of multiple timeframe closing price. It've been a pretty good trading system that's tested over the last meteoric rise from 220~270 and back down to 230 right now, and I think it should be released to the community. Sure, I'm not worried about this strategy not working anymore after it is being used by the majority. Everyone have a different view of the market, and this is more towards psychology. It'll likely to hold for as long as there are still humans trading Bitcoins. Bitcoin market is full of emotions, you'll never run out of it. So why does it work? If you take a look at the live charts offered by Bitcoinwisdom and Cryptowatch, they only offer 1, 3, 5, and 15 minute timeframe by default with no other option to switch. Naturally more traders will look at these levels for oversold and overbought condition. The same indicator does not work for the broader commodities market such as Gold and Silver. How does it work? As long as the RSI levels of 1, 3, 5, and 15 minute fulfills the oversold/overbought level, a signal will be given. The overbought/oversold level gets compensated the higher volatility the market is in. Note: ** -This is only for exit strategy. If you're on long, consider reducing or exiting your position when it displays a red. On the other hand if you're short, consider reducing or covering your shorts if it shows a green. -It may give false signal in a trending market, use your trading experience and judgement to filter them out. (eg: uptrend usually have more than 1 legs AND after a long consolidation, RSI gets to oversold/overbought easily... the market will tend to test the support/resistance again.) -This is tuned for the 15m interval, the script won't work beyond this. I use it for scalping futures. Feel free to change or remove this line 'plot(interval == 15 and ' -Even if it shows a signal, it may not be the true top/bottom. Sometimes there may be a weak diverged leg aka 'last fart', so that's one reason I dont use this for entry until more confirmation is given via other indicators. ** If your chart is zooming all the way down to 0, right click on the price at the right and select 'Scale price only' Go ahead and try this out with willy, etc and see what works better :D Credits: -LazyBear for the volatility switcher script
Pine Script® indicator
by LastBattle
7
vdubus BinaryPro - Indicators 1 & 2For both scripts - Go to 'MAKE IT MINE' Modified scripts for Binary trading 1- 3 min charts / 5 -15 min intervals vdubus BinaryPro 1 Vdubus BinaryPro 2 ------------------------------ Vdubus BinaryPro Money Management Strategy: $10 - $50,000 in 15 trades Tip * break consecutive trades down to lots of 5 compounded / repeat to build up a solid equity foundation., then move on the the next 5 x 3 = 15 if you lose one trade out of the 5, restart the proses. You only ever lose the initial trade size you started with * DOUBLE YOUR WINNINGS NOT YOUR LOSSES ! If you struggle to win 5 compounded trades in a row, compound 2 or 3 trades at a time drive.google.com
Pine Script® indicator
by vdubus
126
CRR SELL BOX MICROWhat it analyzes Multi-TF: 1m, 5m, 15m, 30m (tf1–tf4). In each timeframe it looks at: EMA 15 / 30 / 200 → trend. MACD → momentum. RSI → strength. From this it derives: t1, t2, t3, t4 = +1 bullish, -1 bearish, 0 neutral. A bearScore = how many TFs are bearish → multiTfBear. Volatility / momentum: ATR in pips (atrPips) → checks for sufficient movement (sufAtr). 1m candlestick body in pips → momentumBear1 (large bearish candle + MACD bearish + RSI bearish). Strong downward candle in ticks (bigDrop) → type of large vertical red candle. Global sensitivity: Mode: Normal / High / Turbo Automatically adjusts: Minimum drop in ticks, Minimum candlestick body, Minimum ATR. 2️⃣ Main Sell Signal SELL WITHOUT PULLBACK 1m sellNoPull: EMA 15 < EMA 30 < EMA 200 (strong bearish trend 1m), MACD crosses bearish, Price below EMA30 1m. Multi-TF Bear multiTfBear: Normal Mode: 1m bearish and 5m–15m–30m not bullish, High/Turbo Mode: at least 2 bearish TFs (bearScore >= 2). Final condition (what triggers the setup) Conservative: condSellConservative = sellNoPull + multiTfBear + sufAtr + momentumBear1 Aggressive: condSellAggressive = (t1 == -1 or bigDrop) + 15m not bullish + sufAtr Final: condSellFinal If aggressiveMicro = true → uses aggressive logic. Otherwise → uses conservative logic. When condSellFinal is true: It is considered a valid sell setup for scalping / micro. 3️⃣ States it shows you Depending on what it detects: 🔴 "MICRO SELL 10-20p" (aggressive mode ON + everything aligned for a quick drop). 🟥 "SCALPING SELL" (if you're in conservative mode). 🟧 "NORMAL SELL" (multi-timeframe bearish but without a strong trigger). ⚪ "NEUTRAL (NO SELL)" (no setup). Extra info (below the light bulb): "STRONG DROP" if there's a large red candlestick indicating a sharp decline. "MULTI TF BEARISH" if several timeframes are bearish. "NO SETUP" if conditions are not met. 4️⃣ HUD + Session Clock Compact HUD at the top center: Row 1: STATUS: MICRO SELL / NORMAL SELL / NEUTRAL. Row 2: Light bulb ● (red, orange, or gray) + extra info text. New York Clock: Detects session: TOKYO / LONDON / NEW YORK (for trading time context only). 5️⃣ Alerts When condSellFinal is met, it triggers: "CRR SCALPING/MICRO SELL - sell signal activated" 🧠 In simple terms: It's your specialized SELL radar: It combines multi-timeframe analysis, momentum, ATR, and strong bearish candlesticks to alert you when gold is ready for a quick 10-20 pip short trade or a more serious bearish scalp.
Pine Script® indicator
by rivero8894
CRR BUY What it analyzes 4 timeframes: 1m, 5m, 15m, and 30m. In each timeframe it looks at: EMA 15 / 30 / 200 → trend. MACD → momentum. RSI → strength. From this it derives: t1, t2, t3, t4 = +1 bullish, -1 bearish, 0 neutral. A multi-timeframe bullScore (how many timeframes are bullish). 2️⃣ Volatility / momentum filters ATR in pips → checks if there is enough movement (suffAtr). 1m candlestick body in pips → momentumBull1 (strong bullish candle with bullish MACD + bullish RSI). Strong upward candle (bigPump) measured in ticks/pips. Sensitivity mode: Normal / High / Turbo → loosens or tightens filters for: Strong candle, Minimum body, Minimum ATR. 3️⃣ Buy logic There are three levels: condBuyConservative CLASSIC BUY WITHOUT RETRACEMENT: Strong 1m trend, bullish MACD crossover, price above EMA30, + 1m momentum, + sufficient ATR, + multi-timeframe bullish. condBuyAggressive (if using aggressive mode): It's enough to have: 1m bullish (t1 == 1) or bigPump, 15m not bearish, Sufficient ATR. condBuyFinal If aggressiveMicro = true → uses condBuyAggressive. Otherwise → uses condBuyConservative. Based on this, it displays states: ✅ "MICRO BUY 10-20p" (aggressive mode ON and everything aligned) ✅ "SCALPING BUY" (conservative mode with confirmations) ✅ "NORMAL BUY" (multi-timeframe bullish but without a strong trigger) ⛔ "NEUTRAL (NO BUY)" (no setup) And triggers an alert: CRR SCALPING BUY when condBuyFinal is met. 4️⃣ HUD and sessions Detects session by New York time: TOKYO / LONDON / NEW YORK (different color). Compact HUD at the top center with: STATUS (buy or neutral text), Green/teal/gray light bulb icon (●), Extra info: "STRONG UPTREND" if there's a big pump, "MULTI TF BULLISH" if many timeframes are bullish, "NO SETUP" if there's nothing. 🧠 In simple terms: It's a BUY ONLY bullish radar for scalping/micro trading, which combines multi-timeframe analysis + momentum + ATR + strong candlestick patterns, summarizes it in a HUD, and sends you an alert when there's a real setup to go long.Qué analiza 4 marcos de tiempo: 1m, 5m, 15m y 30m. En cada TF mira: EMA 15 / 30 / 200 → tendencia. MACD → impulso. RSI → fuerza. De ahí saca: t1, t2, t3, t4 = +1 toro, -1 oso, 0 neutro. Un bullScore multi–TF (cuántos TF están alcistas). 2️⃣ Filtros de volatilidad / momentum ATR en pips → comprueba si hay suficiente movimiento (sufAtr). Cuerpo de la vela 1m en pips → momentumBull1 (vela alcista fuerte con MACD bull + RSI bull). Vela de subida fuerte (bigPump) medida en ticks/pips. Modo sensibilidad: Normal / Alta / Turbo → relaja o endurece filtros de: Vela fuerte, Cuerpo mínimo, ATR mínimo. 3️⃣ Lógica de compra Hay tres niveles: condBuyConservador BUY SIN RETRO clásico: Tendencia 1m fuerte, cruce MACD bull, precio sobre EMA30, + momentum 1m, + ATR ok, + multi–TF bull. condBuyAgresivo (si usas modo agresivo): Basta con: 1m toro (t1 == 1) o bigPump, 15m no bajista, ATR suficiente. condBuyFinal Si aggressiveMicro = true → usa condBuyAgresivo. Si no → usa condBuyConservador. Según eso, muestra estados: ✅ "COMPRA MICRO 10-20p" (modo agresivo ON y todo alineado) ✅ "COMPRA SCALPING" (modo conservador con confirmaciones) ✅ "COMPRA NORMAL" (multi–TF alcista pero sin trigger fuerte) ⛔ "NEUTRO (NO COMPRA)" (no hay setup) Y dispara alerta: CRR COMPRA SCALPING cuando condBuyFinal se cumple. 4️⃣ HUD y sesiones Detecta sesión por hora de New York: TOKIO / LONDRES / NEW YORK (color distinto). HUD compacto arriba al centro con: ESTADO (texto de compra o neutro), Bombillo (●) verde/teal/gris, Info extra: "SUBIDA FUERTE" si hay bigPump, "MULTI TF ALCISTA" si muchos TF están bull, "SIN SETUP" si no hay nada. 🧠 En simple: Es un radar de COMPRA SOLO BULL para scalping/micro, que mezcla multi–TF + momentum + ATR + vela fuerte, te lo resume en un HUD y te manda alerta cuando hay setup real para disparar largo.
Pine Script® indicator
by rivero8894
CRR - GANAEMAs on the chart (visual trend) EMA 15 (white), 30 (yellow), 200 (red). 2️⃣ DASH Engine 1m–5m–15m (+ 1H and 1D) For each TF (1m, 5m, 15m) it calculates a bull/bear score using: EMA structure (15, 30, 50, 100, 200). MACD. RSI. Relationship with EMA 30 and VWAP. FVG in favor. ATR change (volatility **increasing**). From this it derives: t1 (1m), t2 (5m), t3 (15m), t4 (1H) and t5 (1D) (only for EMA200). It detects: ALL BULL → “BULLISH - BUYS ONLY”. ALL BEAR → “BEARISH - SELLS ONLY”. Otherwise → “NEUTRAL / MIXED”. In addition: Calculates BULL TF vs BEAR TF (%) between 1m–5m–15m. Displays a visual bar 🐂🟩 vs 🐻🟥. 3️⃣ GOLD News (manual) Special bar that says: Neutral BUY (positive) SELL (negative) Paints the HUD with color according to the news you select. 4️⃣ NO RETRACEMENT Alerts (beast mode 💣) Very strict conditions using the 5 TFs: BUY NO RETRACEMENT if: 4 or more TFs in bull mode (bullTF_all >= 4), 1m ultra bull (EMA bull, RSI>60, MACD bull, high volume, price above EMA15 and VWAP, FVG ≥ 0). SELL NO RETRACEMENT is the same but bearish. Creates alerts: CRR BUY NO RETRACEMENT CRR SELL NO RETRACEMENT 5️⃣ PRO LITE Patterns: Double Top / Double Bottom Detects double tops and double bottoms with: Minimum bar distance. Tolerance in %. Optional filters: MACD, RSI, ATR (volatility), volume, FVG. If everything aligns: Plots SELL at double top. Plots BUY at double bottom. 6️⃣ TOP Indicators Block (SMI + WaveTrend + Supertrend) SMI (momentum), WaveTrend, and Supertrend: Counts which are in bull mode and which are in bear mode. Displays: TOP IND: BULLS XX% | BEARS YY%. 7️⃣ Integrated Internal SMC Module Structure HH, LH, HL, LL. BMS (break of structure) and ChoCH (change of character). Filter with ATR + volume + MACD + gaps. Internal Fibonacci of the last range (38.2, 50, 61.8). Dotted yellow lines of the current range (swing high/low). 🧠 In short: It's your command center for XAUUSD: Global mode (buy only / sell only / mixed), % of timeframes favoring bulls/bears, gold news, no-lag alerts, filtered double top/bottom, TOP indicators, and complete SMC (structure + BMS/ChoCH + Fibonacci + range)... all integrated into a single CRAZY RAY RAY HUD
Pine Script® indicator
by rivero8894
RSI For Loop RSI For Loop – Enhanced RSI Dominance Oscillator Original concept & innovation ©@viResearch Enhanced version with historical-comparison loop, median-based statistical strength bands, asymmetric thresholds, and visual upgrades Core Concept (viResearch) viResearch was the first to introduce the groundbreaking idea of replacing traditional fixed RSI levels with a loop-based scoring system that evaluates RSI behavior across a defined range, creating a dynamic, self-normalizing momentum score that dramatically reduces false signals in trending markets. Key Enhancements in This Version I kept the core brilliance of viResearch's loop concept but completely rewrote the scoring mechanism to make it even more powerful and adaptive: 1. Historical Dominance Comparison The loop directly compares the current RSI value to the actual RSI values of the previous 1–99 bars (user-adjustable). → +1 for every past bar the current RSI beats → –1 for every past bar it loses to This transforms the indicator into a true RSI Dominance / Percentile-Rank oscillator that instantly shows whether current momentum is stronger or weaker than nearly all recent history – perfectly adaptive to any market regime, volatility level, or asset. 2. Median + 3σ Statistical Strength Bands Added a rolling median of the dominance score plus dynamic ±3σ bands calculated from the RSI score median standard deviation. These bands identify genuinely extreme momentum phases (statistically rare events) that only occur during the strongest momentum or capitulation moves – giving high-conviction confirmation. 3. Visual & Practical Upgrades - Clean bar/candle coloring - On-chart triangle signals at trend changes - Diamond stepline ±3σ bands - Built-in alerts for both trend changes and extreme strength phases - 9 professional color themes How to Use It Primary Trend Signals - Green triangle + bullish bar color → New bullish momentum regime (score crosses above +15) - Magenta triangle + bearish bar color → New bearish momentum regime (score crosses below –28) These are some of the cleanest trend-change signals you will ever see – especially powerful on daily/weekly charts. Extreme Strength Confirmation Score breaks above the upper 3σ diamond line → Exceptional bullish strength/dominance (add to longs, strength behind the asset) Score breaks below the lower 3σ diamond line → Exceptional bearish strength/dominance (capitulation or weakness) These are rarer, very high-probability zones. Zero-Line Context Above zero = current RSI stronger than average recent history Below zero = weaker than average recent history Near zero = choppy/range-bound (stay out or mean-reversion trade) Recommended Settings RSI Length: 46 Loop range: 1 to 99 (~3–6 months on daily) Long Threshold: +15 Short Threshold: –28 Median Length: 225 SD Length: 60 Works on all assets and timeframes. Absolutely deadly on daily/weekly for swing and position trading, and still excellent on 4H/30min for crypto/stocks. This enhanced version honors viResearch's original genius while improving on it with true historical comparison and statistical extreme detection – delivering what is, in my opinion, one of the cleanest and most powerful momentum/trend indicators available on TradingView. Backtests are based on past results and are not indicative of future performance.
Pine Script® indicator
by PaulWegelin
2
Top 20 Adaptive Momentum [Trend Aligned]his script is an automated End-of-Day Momentum Dashboard designed to predict the next trading day's directional bias for the top 20 most volatile stocks. It analyzes institutional price action during the final 10 minutes of the trading session and filters signals based on the long-term trend. How It Works Trend Identification: The script calculates a 50-Day Moving Average proxy (using 5-minute data) to determine if a stock is in a Long-Term Uptrend or Downtrend. Adaptive Signal Logic: Instead of a simple reversal strategy, the script adapts its prediction based on the trend context: Trend Following: If a stock closes strong (Green) in an Uptrend, it signals Bullish Momentum (continuation). Mean Reversion: If a stock closes strong (Green) in a Downtrend, it signals Bearish Reversion (fade the bounce). Dip Buying: If a stock closes weak (Red) in an Uptrend, it signals Bullish Reversion (buy the dip). Live Backtesting: The dashboard features a "Win Rate (3M)" column. This metric backtests the strategy over the past 3 months for each specific ticker, calculating the percentage of time the predicted bias resulted in a winning trade the following day. Dashboard Columns Ticker: The stock symbol. Prev Day: The overall close vs. open of the previous session. Trend (50d): The long-term trend direction (UP or DOWN). BIAS TODAY: The actionable signal for the current session (📈 BULLISH or 📉 BEARISH). Win Rate: The historical probability of success for this strategy on this specific stock. Usage: Use this tool pre-market to identify high-probability setups where the previous day's closing momentum aligns with the long-term trend. To effectively use the Top 20 Adaptive Momentum script, you need to treat it as a Pre-Market Screener. It performs the heavy lifting of analyzing trend, momentum, and historical probability instantly, giving you a "Cheat Sheet" for the trading day. Here is a step-by-step guide on how to integrate it into your routine: 1. The Setup Timeframe: Set your chart to 5 Minutes. The logic specifically hunts for the 15:50 (3:50 PM) and 15:55 (3:55 PM) candles, so the calculation works best on this timeframe. Timing: Check this dashboard before the market opens (e.g., 9:00 AM EST) or shortly after the close (4:05 PM EST) to plan for the next session. 2. Reading the Dashboard Columns Column What to Look For Actionable Insight Trend (50d) UP (Green) or DOWN (Red) This tells you the "Big Picture." Only trade in this direction. If Trend is UP, you only want to see Bullish signals. If Trend is DOWN, you only want Bearish signals. BIAS TODAY 📈 BULLISH Plan: Look for Long/Buy setups at the open. The algorithm predicts price will close higher today. 📉 BEARISH Plan: Look for Short/Sell setups at the open. The algorithm predicts price will close lower. Win Rate (3M) Percentage (e.g., 65%) Confidence Filter. Only take trades on stocks with a Win Rate above 55-60%. This proves the stock historically respects this specific strategy. 3. The Strategy Scenarios (How to Trade) Scenario A: The "Trend Continuation" (High Probability) Dashboard: Trend is UP + Bias is BULLISH. Context: The stock is strong long-term, and it closed strong yesterday (Momentum). Execution: Watch for an opening gap up or an early breakout above the pre-market high. Go Long. Scenario B: The "Dip Buy" (High Probability) Dashboard: Trend is UP + Bias is BULLISH. Context: The stock is strong long-term, but it pulled back yesterday (Weak Close). The script identifies this as a discount, not a reversal. Execution: Watch for the stock to find support early. Use the "Master Sniper" (from your other script) to find a Discount Entry FVG. Scenario C: The "Trap" (Avoid) Dashboard: Win Rate is < 50%. Context: The stock is choppy or news-driven. It does not follow technical momentum rules reliably. Execution: Skip this stock. Move to the next one on the list. 4. Execution Workflow Scan: Glance at the dashboard. Identify the 2-3 stocks with Green Bias + Green Trend (for Buys) or Red Bias + Red Trend (for Shorts). Filter: Ensure their "Win Rate" is decent (over 55%). Trade: Open the charts for those specific stocks. Use your execution indicators (like the Master Sniper) to time the entry on the 1-minute or 5-minute chart. By using this dashboard, you stop guessing which stock to trade and focus entirely on executing the best setups.
Pine Script® indicator
by panchamsh95353
BB Breakout-Momentum + Reversion Strategies# BB Breakout-Momentum + Reversion Strategies ## Overview This indicator combines two complementary Bollinger Band trading strategies that automatically adapt to market conditions. Strategy 1 capitalizes on trending markets with breakout-pullback-momentum setups, while Strategy 2 exploits mean reversion in ranging markets. Advanced filtering using ADX and BB Width ensures each strategy only fires in its optimal market environment. --- ## Strategy 1: Breakout → Pullback → Renewed Momentum (Long B / Short B) ### Best Market Conditions - **Trending Markets**: ADX ≥ 25 - **High Volatility**: BB Width ≥ 1.0× average - Directional price action with sustained momentum ### Entry Logic **Long B (Bullish Breakout):** 1. **Initial Breakout**: Price breaks above upper Bollinger Band with strong momentum 2. **Controlled Pullback**: Price pulls back 1-12 bars but holds above lower band (stays in trend) 3. **Defended Zone**: Pullback creates a support zone based on swing lows (validated by multiple touches) 4. **Renewed Momentum**: Price reclaims with green candle, volume confirmation, bullish MACD 5. **Position Check**: Entry must have cushion below upper band and room to reach targets **Short B (Bearish Breakdown):** - Mirror logic for downtrends: breakdown below lower band, pullback stays below upper band, renewed selling pressure ### Risk Management - **Stop Loss**: Lower of (zone floor/previous low) OR (1.5 × ATR from entry) - **Targets**: - T1: Entry + 0.85R (0.85 × 1.5 ATR) - T2: Entry + 1.40R (1.40 × 1.5 ATR) - T3: Entry + 2.50R (2.50 × 1.5 ATR) - T4: Entry + 4.50R (4.50 × 1.5 ATR) - Risk is calculated using ATR (ATRX = 1.5 ATR), stop uses tighter of structural level (ATRL) or ATRX --- ## Strategy 2: Bollinger Band Mean Reversion (Long R / Short R) ### Best Market Conditions - **Ranging Markets**: ADX ≤ 20 - **Low Volatility**: BB Width ≤ 0.8× average - Price oscillating around the mean without sustained trend ### Entry Logic **Long R (Long Reversion):** 1. **Overextension**: Price breaks below lower Bollinger Band (2 consecutive closes) 2. **Snap Back**: Price crosses back above lower band (re-enters the range) 3. **Entry Window**: Within 2 candles of re-entry, look for: - **Green candle** (close > open) confirming bullish strength - Close above previous candle (close > close ) 4. **Trigger**: First qualifying candle within 2-bar window executes the trade **Short R (Short Reversion):** 1. **Overextension**: Price breaks above upper Bollinger Band (2 consecutive closes) 2. **Snap Back**: Price crosses back below upper band (re-enters the range) 3. **Entry Window**: Within 2 candles of re-entry, look for: - **Red candle** (close < open) confirming bearish pressure - Close below previous candle (close < close ) 4. **Trigger**: First qualifying candle within 2-bar window executes the trade ### Risk Management - **Stop Loss**: Lower of (previous high/low) OR (1.5 × ATR from entry) - **Targets**: Same as Strategy 1 (0.85R, 1.4R, 2.5R, 4.5R based on 1.5 ATR) - Betting on return to Bollinger Band basis (mean) --- ## Advanced Filtering System ### ADX Filter (Average Directional Index) - **Purpose**: Measures trend strength vs choppy/ranging conditions - **Trending**: ADX ≥ 25 → Enables Strategy 1 (Breakout) - **Ranging**: ADX ≤ 20 → Enables Strategy 2 (Reversion) - **Neutral**: ADX 20-25 → No signals (indecisive market) ### BB Width Filter - **Purpose**: Confirms volatility expansion/contraction - **Wide Bands**: Current width ≥ 1.0× 50-bar average → Trending environment - **Narrow Bands**: Current width ≤ 0.8× 50-bar average → Ranging environment - **Logic**: Both ADX and BB Width must agree on market state before signaling ### Combined Logic - **Strategy 1 fires**: When BOTH ADX shows trending AND bands are wide - **Strategy 2 fires**: When BOTH ADX shows ranging AND bands are narrow - **Visual Display**: Table at bottom-right shows ADX value, BB Width ratio, and current market state --- ## Visual Elements ### Bollinger Bands - **Gray line**: 20-period SMA (basis/mean) - **Green line**: Upper band (basis + 2 standard deviations) - **Red line**: Lower band (basis - 2 standard deviations) ### Strategy 1 Markers - **Long B**: Green triangle below bar with "Long B" text - **Short B**: Orange triangle above bar with "Short B" text - **Defended Zones**: Green/red boxes showing pullback support/resistance areas - **Targets**: Green/orange crosses showing T1-T4 and stop loss levels ### Strategy 2 Markers - **Long R**: Blue label below bar with "Long R" text - **Short R**: Purple label above bar with "Short R" text - **Trade Levels**: Horizontal lines extending 50 bars forward - Blue solid = Entry price - Red dashed = Stop loss - Green/Orange dotted = Targets (T1-T4) ### Market State Table - **ADX**: Current value with color coding (green=trending, orange=ranging, gray=neutral) - **BB Width**: Ratio vs 50-bar average (e.g., "1.15x" = 15% wider than average) - **State**: TREND / RANGE / NEUTRAL classification --- ## Settings & Customization ### Bollinger Bands - **BB Length**: 20 (default) - period for moving average - **BB Std Dev**: 2.0 (default) - standard deviation multiplier ### ATR & Risk - **ATR Length**: 14 (default) - period for Average True Range calculation - All stop losses and targets are derived from 1.5 × ATR ### Trend/Range Filters - **ADX Length**: 14 (default) - **ADX Trending Threshold**: 25 (higher = stronger trend required) - **ADX Ranging Threshold**: 20 (lower = tighter ranging condition) - **BB Width Average Length**: 50 (period for comparing current width) - **BB Width Trend Multiplier**: 1.0 (width must be ≥ this × average) - **BB Width Range Multiplier**: 0.8 (width must be ≤ this × average) - **Use ADX Filter**: Toggle on/off - **Use BB Width Filter**: Toggle on/off ### Strategy 1 (Breakout-Momentum) - **Breakout Lookback**: 15 bars (how far back to search for initial breakout) - **Min Pullback Bars**: 1 (minimum consolidation period) - **Max Pullback Bars**: 12 (maximum consolidation period) - **Show Defended Zone**: Display support/resistance boxes - **Show Signals**: Display Long B / Short B markers - **Show Targets**: Display stop loss and target levels ### Strategy 2 (Reversion) - **Show Signals**: Display Long R / Short R markers - **Show Trade Levels**: Display entry, stop, and target lines --- ## How to Use This Indicator ### Step 1: Identify Market State - Check the table in bottom-right corner - **TREND**: Look for Strategy 1 signals (Long B / Short B) - **RANGE**: Look for Strategy 2 signals (Long R / Short R) - **NEUTRAL**: Wait for clearer conditions ### Step 2: Wait for Signal - Signals only fire when ALL conditions are met (structural + momentum + filters + room-to-target) - Signals are relatively rare but high-probability ### Step 3: Execute Trade - **Entry**: Close of signal candle - **Stop Loss**: Shown as red cross (Strategy 1) or red dashed line (Strategy 2) - **Targets**: Scale out at T1, T2, T3, T4 or hold for maximum R:R ### Step 4: Management - Consider moving stop to breakeven after T1 - Trail stop using swing lows/highs in Strategy 1 - Exit full position at T2-T3 in Strategy 2 (mean reversion has limited upside) --- ## Key Principles ### Why This Works 1. **Market Adaptation**: Uses right strategy for right conditions (trend vs range) 2. **Confluence**: Multiple confirmations required (structure + momentum + volatility + room) 3. **Risk-Defined**: Every trade has pre-calculated stop and targets based on ATR 4. **Probability**: Filters reduce noise and increase win rate by waiting for ideal setups ### Common Pitfalls to Avoid - ❌ Taking signals in NEUTRAL market state (indicators disagree) - ❌ Overriding the stop loss (it's calculated for a reason) - ❌ Expecting signals on every swing (quality over quantity) - ❌ Using Strategy 1 in ranging markets or Strategy 2 in trending markets - ❌ Ignoring the room-to-target check (signal won't fire if targets are blocked) ### Complementary Analysis This indicator works best when combined with: - Higher timeframe trend analysis - Key support/resistance levels - Volume analysis - Market structure (swing highs/lows) - Risk management rules (position sizing, max daily loss, etc.) --- ## Technical Details ### Indicators Used - **Bollinger Bands**: 20-period SMA ± 2 standard deviations - **ATR**: 14-period Average True Range for volatility measurement - **ADX**: 14-period Average Directional Index for trend strength - **EMA**: 10 and 20-period exponential moving averages (Strategy 1 filter) - **MACD**: 12/26/9 settings (Strategy 1 momentum confirmation) - **Volume**: Compared to 15-bar average (Strategy 1 confirmation) ### Calculation Methodology - **ATRL** (Structural Risk): Previous swing high/low or defended zone boundary - **ATRX** (ATR Risk): 1.5 × 14-period ATR from entry price - **Stop Loss**: Minimum of ATRL and ATRX (tightest protection) - **Targets**: Always calculated from ATRX (consistent R-multiples) - **BB Width Ratio**: Current BB width ÷ 50-period SMA of BB width --- ## Performance Notes ### Strengths - Adapts to changing market conditions automatically - Clear, objective entry and exit criteria - Pre-defined risk on every trade - Filters reduce false signals significantly - Works across multiple timeframes and instruments ### Limitations - Signals are infrequent (by design - quality over quantity) - Requires patience to wait for all conditions to align - May miss explosive moves if pullback doesn't form properly (Strategy 1) - Ranging markets can transition to trending (Strategy 2 risk) - Filters may delay entry in fast-moving markets ### Best Timeframes - **Strategy 1**: 1H, 4H, Daily (needs time for proper pullback structure) - **Strategy 2**: 15M, 30M, 1H (mean reversion works best intraday) - Both strategies can work on any timeframe if market conditions are right ### Best Instruments - **Liquid markets**: Major stocks, indices, forex pairs, liquid crypto - **Sufficient volatility**: ATR should be meaningful relative to price - **Clear trend/range cycles**: Markets that respect technical levels --- ## IMPORTANT DISCLAIMER ### Risk Warning **TRADING INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS.** This indicator is provided for **educational and informational purposes only**. It does not constitute financial advice, investment advice, trading advice, or any other sort of advice. You should not treat any of the indicator's content as such. ### No Guarantee of Profit Past performance is not indicative of future results. No trading strategy, including this indicator, can guarantee profits or protect against losses. The market is inherently unpredictable and all trading involves risk. ### User Responsibility - **Do Your Own Research**: Always conduct your own analysis before making trading decisions - **Test First**: Backtest and paper trade this strategy before risking real capital - **Risk Management**: Never risk more than you can afford to lose - **Position Sizing**: Use appropriate position sizes relative to your account - **Stop Losses**: Always use stop losses and respect them - **Market Conditions**: Understand that market conditions change and past behavior may not repeat ### No Liability The creator of this indicator accepts no liability for any financial losses incurred through the use of this tool. All trading decisions are made at your own risk. You are solely responsible for evaluating the merits and risks associated with the use of any trading systems, signals, or content provided. ### Not Financial Advice This indicator does not take into account your personal financial situation, investment objectives, risk tolerance, or specific needs. You should consult with a licensed financial advisor before making any investment decisions. ### Technical Limitations - Indicators can repaint or lag in real-time - Past signals may look different than real-time signals - Code bugs or errors may exist despite testing - TradingView platform limitations may affect functionality ### Market Risks - Markets can gap, causing stops to be executed at worse prices - Slippage and commissions can significantly impact results - High volatility can cause unexpected losses - Counterparty risk exists in all leveraged products --- ## Version History - **v1.0**: Initial release combining breakout-momentum and mean reversion strategies - Includes ADX and BB Width filtering - ATRL/ATRX risk calculation system - 2-candle entry window for reversion trades --- ## Credits & License This indicator combines concepts from classical technical analysis including Bollinger Bands (John Bollinger), ATR (Welles Wilder), and ADX (Welles Wilder). The specific implementation and combination of filters is original work. **Use at your own risk. Trade responsibly.** --- *For questions, suggestions, or to report bugs, please comment below or contact the author.* **Remember: The best indicator is the one between your ears. Use this tool as part of a comprehensive trading plan, not as a standalone solution.**
Pine Script® indicator
by novaroma1