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US Presidents 1920–2024Description: This indicator displays all U.S. presidential elections from 1920 to 2024 on your chart. Features: Vertical lines at the date of each presidential election. Line color by party: Red = Republican Blue = Democrat Gray = Other/None Labels showing the name of each president. Modern flag style: Presidents from 1900 onward are highlighted as modern, giving clear historical separation. Fully overlayed on the price chart for timeline context. Customizable: Label position (above/below bar) and line width. Use case: Useful for analyzing modern U.S. presidential cycles, market reactions to elections, or quickly referencing recent presidents directly on charts.
Pine Script® indicator
by dragosmarzac
FED Rate Decisions (Cuts & Hikes)This indicator highlights key moments in U.S. monetary policy by plotting vertical lines on the chart for Federal Reserve interest rate decisions. Features: Rate Cuts (red): Marks dates when the Fed reduced interest rates. Rate Hikes (green): Marks dates when the Fed increased interest rates. Configurable view: Choose between showing all historical decisions or only those from 2019 onwards. Labels: Each event is tagged with “FED CUT” or “FED HIKE” above or below the bar (adjustable). Alerts: You can set TradingView alerts to be notified when the chart reaches a Fed decision day. 🔧 Inputs: Show decisions: Switch between All or 2019+ events. Show rate cuts / hikes: Toggle visibility separately. Colors: Customize line and label colors. Label position: Place labels above or below the bar. 📈 Usage: This tool helps traders and investors visualize how Fed policy shifts align with market movements. Rate cuts often signal economic easing, while hikes suggest tightening monetary policy. By overlaying these events on price charts, you can analyze historical reactions and prepare for similar scenarios.
Pine Script® indicator
by dragosmarzac
1
JL - Market HeatmapThis indicator plots a static table on your chart that displays any tickers you want and their % change on the day so far. It updates in real time, changes color as it updates, and has several custom functions available for you: 1. Plot up to 12 tickers of your choice 2. Choose a layout with 1-4 rows 3. Display % Change or Not 4. Choose your font size (Tiny, Small, Normal, Large) 5. Up/Down Cell Colors (% change dependent) 6. Up/Down Text Colors (high contrast to your color choices) The purpose of the indicator is to quickly measure a broad basket of market instruments to paint a more context-rich perspective of the chart you are looking at. I hope this indicator can help you (and me) accomplish this task in a simple, clean, and seamless manner. Thanks and enjoy - Jack
Pine Script® indicator
by JackDL92
Price Heat Meter [ChartPrime]⯁ OVERVIEW Price Heat Meter visualizes where price sits inside its recent range and turns that into an intuitive “temperature” read. Using rolling extremes, candles fade from ❄️ aqua (cold) near the lower bound to 🔥 red (hot) near the upper bound. The tool also trails recent extreme levels, tags unusually persistent extremes with a % “heat” label, and shows a bottom gauge (0–100%) with a live arrow so you can read market heat at a glance. ⯁ KEY FEATURES Rolling Heat Map (0–100%): The script measures where the close sits between the current Lowest Low and Highest High over the chosen Length (default 50). Candles use a two-stage gradient: aqua → yellow (0–50%), then yellow → red (50–100%). This makes “how stretched are we?” instantly visible. Dynamic Extremes with Time Decay: When a new rolling High or Low is set, the script starts a faint horizontal trail at that price. Each bar that passes without a new extreme increases a counter; the line’s color gradually fades over time and fully disappears after ~100 bars, keeping the chart clean. Persistent-Extreme Tags (Reversal Hints): If an extreme persists for 40 bars (i.e., price hasn’t reclaimed or surpassed it), the tool stamps the original extreme pivot with its recorded Heat% at the moment the extreme formed. • Upper extremes print a red % label (possible exhaustion/resistance context). • Lower extremes print an aqua % label (possible exhaustion/support context). Bottom Heat Gauge (0–100% Scale): A compact, gradient bar renders at the bottom center showing the current Heat% with an arrow/label. ❄️ anchors the left (0%), 🔥 anchors the right (100%). The arrow adopts the same candle heat color for consistency. Minimal Inputs, Clear Theme: • Length (lookback window for H/L) • Heat Color set (Cold / Mid / Hot) The defaults give a balanced, legible gradient on most assets/timeframes. Signal Hygiene by Design: The meter doesn’t “call” reversals. Instead, it contextualizes price within its range and highlights the aging of extremes. That keeps it robust across regimes and assets, and ideal as a confluence layer with your existing triggers. ⯁ HOW IT WORKS (UNDER THE HOOD) Range Model: H = Highest(High, Length), L = Lowest(Low, Length). Heat% = 100 × (Close − L) / (H − L). Extreme Tracking & Fade: When High == H , we record/update the current upper extreme; same for Low == L on the lower side. If the extreme doesn’t change on the next bar, a counter increments and the plotted line’s opacity shifts along a 0→100 fade scale (visual decay). 40-Bar Persistence Labels: On the bar after the extreme forms, the code stores the bar_index and the contemporaneous Heat% . If the extreme survives 40 bars, it places a % label at the original pivot price and index—flagging levels that were meaningfully “tested by time.” Unified Color Logic: Both candles and the gauge use the same two-stage gradient (Cold→Mid, then Mid→Hot), so your eye reads “heat” consistently across all elements. ⯁ USAGE Treat >80% as “hot” and <20% as “cold” context; combine with your trigger (e.g., structure, OB, div, breakouts) instead of acting on heat alone. Watch persistent extreme labels (40-bar marks) as reference zones for reaction or liquidity grabs. Use the fading extreme lines as a memory map of where price last stretched—levels that slowly matter less as they decay. Tighten Length for intraday sensitivity or increase it for swing stability. ⯁ WHY IT’S UNIQUE Rather than another oscillator, Price Heat Meter translates simple market geometry (rolling extremes) into a readable temperature layer with time-aware extremes and a synchronized gauge . You get a continuously updated sense of stretch, persistence, and potential reversal context—without clutter or overfitting.
Pine Script® indicator
by ChartPrime
10
Fear & Greed Oscillator — LEAPs (v6, manual DMI/ADX)Fear & Greed Oscillator for LEAPs — a composite sentiment/trend tool that highlights long-term fear/greed extremes and trend quality for better LEAP entries and exits. This custom Fear & Greed Oscillator (FGO-LEAP) is designed for swing trades and long-term LEAP option entries. It blends multiple signals — MACD (trend), ADX/DMI (trend quality), OBV (accumulation/distribution), RSI & Stoch RSI (momentum), and volume spikes — into a single score that ranges from –100 (extreme fear) to +100 (extreme greed). The weights are tuned for LEAPs, emphasizing slower trend and accumulation signals rather than short-term noise. Use Weekly charts for the main signal and Daily only for entry timing. Entries are strongest when the score is above zero and rising, with both MACD and DMI positive. Extreme Fear (< –60) can mark long-term bottoms when followed by a recovery, while Extreme Greed (> +60) often signals overheated conditions. A cross below zero is an early warning to reduce or roll positions.
Pine Script® indicator
by jareddayed
1
Enhanced EMA Crossover with Supertrend + Ribbon + Multi TFThe indicator has 4 core indicators in 1, the supertrend, the 2ema crossover, the moving average ribbon and a multi-timeframe trend indicator. I have modified the code for better visuals, all the indicators are fully customizable for better visuals and trend identification. Specially the 2 ema crossover indicator ribbon should guide you in the direction of the overall trend in different timeframes. The white dots were added to the real price close on everu candle , it is very usefull visually to see exactly where the price is closing specially when using heiken ashi candles. The small arrows on every candle should guide you in the direction of the overall trend when adjusting the 2 ema crossover lengths, the bigger arrow plots on the first candle only when the 2 ema crossover happens to either direction, using the supertrend indicator with the moving averages will also help you keep in the right trend direction.
Pine Script® indicator
by angel68roa
A best Seasonality Monthly IndicatorSeasonality Monthly is a custom indicator designed for TradingView that calculates and displays monthly seasonality performance as a table overlay on the chart. Key aspects and functionality: It requires the timeframe to be either monthly or daily; otherwise, it throws an error. The user can set the starting year (default 2015) from which the seasonality statistics begin. It collects monthly percentage change data (close to close returns) for each month and year dynamically using request.security. Data is stored in a two-dimensional matrix representing years by months, accumulating returns for each month over the years. The table is drawn on the chart showing monthly returns for each year, with cells colored green for positive returns and red for negatives. The bottom rows of the table show summary statistics per month: AVG: Average monthly returns SUM: Sum of returns +ive: Count of months with positive returns over total counts WR: Win rate (ratio of positive months) Text sizes and colors are customizable via inputs. Uses Pine Script v5 features like matrix, table API, and new runtime error handling. This script is useful for visualizing historical monthly seasonality patterns for any symbol on TradingView. ------------------ The Seasonality Monthly Pine Script indicator is a powerful tool designed for TradingView that enables traders to analyze and visualize the historical seasonal performance of an asset on a monthly basis. This script focuses on identifying recurring monthly patterns by accumulating monthly percentage returns over multiple years, providing insights that help traders understand when certain months tend to perform better or worse historically. The script requires the chart to be set to either a daily or monthly timeframe to ensure accurate calculations and data retrieval. It uses the request. security function to fetch monthly data, extracting each bar's year, month, and monthly price change percent based on close-to-close returns. These returns are then accumulated into a matrix data structure, organizing the percentage changes for each year and month to build a comprehensive historical dataset. A dynamic table is constructed and displayed on the chart, showing a detailed breakdown of percentage changes each month for every year starting from a customizable start year (default is 2015). Each cell in the table is color-coded—green for positive monthly returns and red for negative—making it visually easy to interpret seasonal trends. This immediate visual feedback is valuable for traders looking to identify strong or weak months historically. Beyond just the yearly data, the script calculates aggregate statistics for each month, which are displayed in summary rows at the bottom of the table. These include the average monthly return, the sum of returns, the count of positive-return months versus total months ("+ive"), and the win rate (WR), which is the proportion of positive months over the total number of months observed. These statistics assist traders in quantifying the strength and consistency of monthly seasonal effects. The script also includes user customization options such as the starting year for seasonality analysis and adjustable text size for better readability. It incorporates modern Pine Script v5 features like runtime error handling, matrix operations, and the enhanced table API for efficient and clear display. Overall, This is a practical indicator that helps traders incorporate seasonality insights into their decision-making process, potentially improving timing entries and exits by leveraging historical monthly market behaviors. It is particularly useful for spotting cyclic tendencies and planning strategies around historically strong or weak months, adding a valuable dimension to technical analysis. ---------------------------------------------- #Seasonality #TradingView #PineScript #TechnicalAnalysis #StockMarket #MonthlyPerformance #SeasonalTrends #MarketAnalysis #TradingStrategy #PricePatterns #Charting #DataVisualization #AlgorithmicTrading #FinancialMarkets #TradingIndicators #InvestmentStrategy #QuantitativeAnalysis #MarketSeasonality #StockTrading #TradingTools
Pine Script® indicator
by appzandgame
1
Tick Ratio Simulator - Advanced Market Sentiment IndicatorOverview The Tick Ratio Simulator is a sophisticated market sentiment indicator that provides real-time insights into buying and selling pressure dynamics. This proprietary indicator transforms complex market microstructure data into actionable trading signals. Key Features Real-Time Sentiment Analysis: Captures instantaneous shifts in market momentum Multi-Timeframe Adaptability: Customizable calculation periods for any trading style Visual Clarity: Color-coded histogram with dynamic zone highlighting Integrated Alert System: Pre-configured alerts for key market transitions Performance Dashboard: Live metrics display for informed decision-making Trading Applications ✓ Trend Confirmation: Validate existing trends with momentum analysis ✓ Reversal Detection: Identify potential turning points at extreme readings ✓ Entry/Exit Timing: Optimize trade execution with overbought/oversold zones ✓ Risk Management: Clear visual boundaries for position sizing decisions Signal Interpretation Extreme Zones (±75): High probability reversal areas Standard Thresholds (±50): Traditional overbought/oversold levels Zero Line Crossings: Momentum shift confirmations Histogram Expansion/Contraction: Strength of directional bias Customization Options Adjustable calculation and smoothing periods Fully customizable color schemes Toggle histogram and reference lines Real-time information table positioning Alert Conditions Four pre-built alert templates for automated notifications: Momentum threshold breaches Directional changes Extreme zone entries Custom level crossovers Best Practices Works exceptionally well when combined with: Volume analysis Support/resistance levels Price action patterns Other momentum oscillators Note: This indicator uses proprietary calculations to simulate institutional-grade tick analysis without requiring actual tick data feeds. Results are optimized for liquid markets with consistent volume profiles. For optimal results, adjust parameters based on your specific instrument and timeframe. Past performance does not guarantee future results.
Pine Script® indicator
by drala1008
PSP Universal First Hour Trading SystemPSP Universal First Hour Trading System Type: Indicator (Pine v5) Works on: Any symbol & intraday timeframe Idea: Trade the breakout of the first-hour range with auto Targets/SL, clean signals, and a full P&L dashboard. What it does Automatically detects the first-hour session (fully configurable start time & timezone) and draws: First Hour High / Low Projected Target and Stop-Loss for both directions Triggers one signal per day on breakout: 🟢 BUY when price breaks above the First Hour High 🔴 SELL when price breaks below the First Hour Low Lets you choose Signal timing: Close = confirms at candle close (more reliable) Touch = triggers intra-bar (more responsive) Tracks and displays a comprehensive P&L table: trades, win rates, avg P/L, R:R, today’s stats, and ₹ results based on your lot-size. P&L Dashboard (auto-updating) Totals: Trades, Win Rate, Target Hits vs Misses Breakdown: Buy vs Sell counts & win% Averages: Avg Profit, Avg Loss, R:R Today’s Section: Trades, Win%, Targets, Misses, Today P&L (Pts & ₹) Overall: Total Profit/Loss (Pts & ₹), Net P&L, est. ROI (base ₹1L) Context: Timeframe, Session time, Target mode/values, Candles, Status How to use Add the indicator to your chart. Set your session start time, timezone, and first-hour length to match the market. Choose Points or Percentage for Target/SL and set values. Decide whether signals should confirm on Close (recommended) or on Touch. (Optional) Set From Date and Lot Size to compute accurate ₹ stats. Enable alerts for automation or notifications. Good to know Designed to avoid multiple trades per day—first valid breakout only. Lines and labels are non-repainting when using Signal on Close. Works across indices, stocks, futures, and crypto; adjust Target/SL to instrument volatility. Best-practice presets (suggestions) Indices (5-min): Target 40–80 pts, SL 25–40 pts Large-cap stocks (5–10 min): Target 0.5–1.0%, SL 0.3–0.6% Crypto (5–15 min): Start with % mode (e.g., TGT 0.5–1.0%, SL 0.3–0.7%)
Pine Script® indicator
by pushpandrasingh
Армс Индекс (TRIN) Arms Indicator (TRIN) General description This indicator is designed to visualize the overbought and oversold levels of the stock market. The Arms Index (TRIN) evaluates the ratio of the number of rising and falling stocks to the corresponding ratio of the trading volume of rising and falling stocks. The lower the TRIN indicator, the more overbought the market is, and vice versa — a high TRIN indicates oversold conditions. How to interpret the signal? - Zone below 0.8: The market is overbought, and a downward correction is likely to follow soon. - Zone above 1.2: The market is oversold, an upward reversal is possible. These zones help to identify entry and exit points in a timely manner, optimizing trading decisions. Implementation features 1. Calculation method: The classic TRIN formula is based on the ratio of volume indicators of rising and falling assets. 2. Averaging interval: A moving average (MA) is used with a configurable default period of five days. The user can change this value manually. 3. Level display: The chart shows two key levels: the oversold (1.2) and overbought (0.8) lines. These lines are guidelines for decision-making. Instructions for use 1. Upload the indicator to the chart of your financial instrument. 2. Keep an eye on the TRIN value: does it cross the critical levels (1.2 and 0.8)? 3. Use the TRIN readings as an additional filter to confirm the signal of your main strategies. Remember that the Arms index is best used in conjunction with other technical analysis indicators to achieve maximum signal accuracy. --- I hope this implementation will help you to trade more efficiently and find the best opportunities in the market! © The authorship belongs to Eva-S-Apple.
Pine Script® indicator
by Eva-S-Apple
1
Volume-Weighted Money Flow [sgbpulse]Overview The VWMF indicator is an advanced technical analysis tool that combines and summarizes five leading momentum and volume indicators (OBV, PVT, A/D, CMF, MFI) into one clear oscillator. The indicator helps to provide a clear picture of market sentiment by measuring the pressure from buyers and sellers. Unlike single indicators, VWMF provides a comprehensive view of market money flow by weighting existing indicators and presenting them in a uniform and understandable format. Indicator Components VWMF combines the following indicators, each normalized to a range of 0 to 100 before being weighted: On-Balance Volume (OBV): A cumulative indicator that measures positive and negative volume flow. Price-Volume Trend (PVT): Similar to OBV, but incorporates relative price change for a more precise measure. Accumulation/Distribution Line (A/D): Used to identify whether an asset is being bought (accumulated) or sold (distributed). Chaikin Money Flow (CMF): Measures the money flow over a period based on the close price's position relative to the candle's range. Money Flow Index (MFI): A momentum oscillator that combines price and volume to measure buying and selling pressure. Understanding the Normalized Oscillators The indicator combines the five different momentum indicators by normalizing each one to a uniform range of 0 to 100 . Why is Normalization Important? Indicators like OBV, PVT, and the A/D Line are cumulative indicators whose values can become very large. To assess their trend, we use a Moving Average as a dynamic reference line . The Moving Average allows us to understand whether the indicator is currently trending up or down relative to its average behavior over time. How Does Normalization Work? Our normalization fully preserves the original trend of each indicator. For Cumulative Indicators (OBV, PVT, A/D): We calculate the difference between the current indicator value and its Moving Average. This difference is then passed to the normalization process. - If the indicator is above its Moving Average, the difference will be positive, and the normalized value will be above 50. - If the indicator is below its Moving Average, the difference will be negative, and the normalized value will be below 50. Handling Extreme Values: To overcome the issue of extreme values in indicators like OBV, PVT, and the A/D Line , the function calculates the highest absolute value over the selected period. This value is used to prevent sharp spikes or drops in a single indicator from compromising the accuracy of the normalization over time. It's a sophisticated method that ensures the oscillators remain relevant and accurate. For Bounded Indicators (CMF, MFI): These indicators already operate within a known range (for example, CMF is between -1 and 1, and MFI is between 0 and 100), so they are normalized directly without an additional reference line. Reference Line Settings: Moving Average Type: Allows the user to choose between a Simple Moving Average (SMA) and an Exponential Moving Average (EMA). Volume Flow MA Length: Allows the user to set the lookback period for the Moving Average, which affects the indicator's sensitivity. The 50 line serves as the new "center line." This ensures that, even after normalization, the determination of whether a specific indicator supports a bullish or bearish trend remains clear. Settings and Visual Tools The indicator offers several customization options to provide a rich analysis experience: VWMF Oscillator (Blue Line): Represents the weighted average of all five indicators. Values above 50 indicate bullish momentum, and values below 50 indicate bearish momentum. Strength Metrics (Bullish/Bearish Strength %): Two metrics that appear on the status line, showing the percentage of indicators supporting the current trend. They range from 0% to 100%, providing a quick view of the strength of the consensus. Dynamic Background Colors: The background color of the chart automatically changes to bullish (a blue shade by default) or bearish (a default brown-gray shade) based on the trend. The transparency of the color shows the consensus strength—the more opaque the background, the more indicators support the trend. Advanced Settings: - Background Color Logic: Allows the user to choose the trigger for the background color: Weighted Value (based on the combined oscillator) or Strength (based on the majority of individual indicators). - Weights: Provides full control over the weight of each of the five indicators in the final oscillator. Using the Data Window TradingView provides a useful Data Window that allows you to see the exact numerical values of each normalized oscillator separately, in addition to the trend strength data. You can use this window to: Get more detailed information on each indicator: Viewing the precise numerical data of each of the five indicators can help in making trading decisions. Calibrate weights: If you want to manually adjust the indicator weights (in the settings menu), you can do so while tracking the impact of each indicator on the weighted oscillator in the Data Window. The indicator's default setting is an equal weight of 20% for each of the five indicators. Alert Conditions The indicator comes with a variety of built-in alerts that can be configured through the TradingView alerts menu: VWMF Cross Above 50: An alert when the VWMF oscillator crosses above the 50 line, indicating a potential bullish momentum shift. VWMF Cross Below 50: An alert when the VWMF oscillator crosses below the 50 line, indicating a potential bearish momentum shift. Bullish Strength: High But Not Absolute Consensus: An alert when the bullish trend strength reaches 60% or more but is less than 100%, indicating a high but not absolute consensus. Bullish Strength at 100%: An alert when all five indicators (MFI, OBV, PVT, A/D, CMF) show bullish strength, indicating a full and absolute consensus. Bearish Strength: High But Not Absolute Consensus: An alert when the bearish trend strength reaches 60% or more but is less than 100%, indicating a high but not absolute consensus. Bearish Strength at 100%: An alert when all five indicators (MFI, OBV, PVT, A/D, CMF) show bearish strength, indicating a full and absolute consensus. Summary The VWMF indicator is a powerful, all-in-one tool for analyzing market momentum, money flow, and sentiment. By combining and normalizing five different indicators into a single oscillator, it offers a holistic and accurate view of the market's underlying trend. Its dynamic visual features and customizable settings, including the ability to adjust indicator weights, provide a flexible experience for both novice and experienced traders. The built-in alerts for momentum shifts and trend consensus make it an effective tool for spotting trading opportunities with confidence. In essence, VWMF distills complex market data into clear, actionable signals. Important Note: Trading Risk This indicator is intended for educational and informational purposes only and does not constitute investment advice or a recommendation for trading in any form whatsoever. Trading in financial markets involves significant risk of capital loss. It is important to remember that past performance is not indicative of future results. All trading decisions are your sole responsibility. Never trade with money you cannot afford to lose.
Pine Script® indicator
by sgbpulse
Армс Индекс (TRIN)Arms Indicator (TRIN) General description This indicator is designed to visualize the overbought and oversold levels of the stock market. The Arms Index (TRIN) evaluates the ratio of the number of rising and falling stocks to the corresponding ratio of the trading volume of rising and falling stocks. The lower the TRIN indicator, the more overbought the market is, and vice versa — a high TRIN indicates oversold conditions. How to interpret the signal? - Zone below 0.8: The market is overbought, and a downward correction is likely to follow soon. - Zone above 1.2: The market is oversold, an upward reversal is possible. These zones help to identify entry and exit points in a timely manner, optimizing trading decisions. Implementation features 1. Calculation method: The classic TRIN formula is based on the ratio of volume indicators of rising and falling assets. 2. Averaging interval: A moving average (MA) is used with a configurable default period of five days. The user can change this value manually. 3. Level display: The chart shows two key levels: the oversold (1.2) and overbought (0.8) lines. These lines are guidelines for decision-making. Instructions for use 1. Upload the indicator to the chart of your financial instrument. 2. Keep an eye on the TRIN value: does it cross the critical levels (1.2 and 0.8)? 3. Use the TRIN readings as an additional filter to confirm the signal of your main strategies. Remember that the Arms index is best used in conjunction with other technical analysis indicators to achieve maximum signal accuracy. --- I hope this implementation will help you to trade more efficiently and find the best opportunities in the market! © The authorship belongs to Eva-S-Apple.
Pine Script® indicator
by Eva-S-Apple
CandelaCharts - Macro Sentiment Index 📝 Overview The Macro Sentiment Index (MSI) is a multi-asset, rules-based indicator designed to quantify global market risk appetite by aggregating signals from a diversified basket of financial instruments across equities, fixed income, commodities, currencies, volatility, and macroeconomic data. Developed under the CandelaCharts framework, MSI transforms complex intermarket dynamics into a single, interpretable sentiment score. It reflects the collective behavior of institutional and retail investors, central bank policies, liquidity conditions, and macroeconomic trends. Rather than relying on a single data source, the index combines over 30 components grouped into five core categories: Risk-On Assets Risk-Off / Defensive Assets Macro & Interest Rate Indicators Central Bank & Policy Proxies Sentiment Ratios & Cross-Asset Signals Each component is standardized using z-score normalization over a user-defined lookback period, weighted based on empirical significance, and aggregated into a composite sentiment score. The final output oscillates around a neutral baseline (0), with positive values indicating risk-on conditions and negative values signaling risk-off sentiment. 📦 Features Multi-Dimensional Inputs: Integrates equities, bonds, commodities, volatility, FX, yield curves, policy, macro, sector rotations, and sentiment ratios for holistic market breadth. Adaptive Scoring System: Converts inputs into z-scores over a lookback window, normalizes directionality, and highlights relative strength/weakness in real time. Weighted Aggregation: Users assign custom weights (0.1–3.0) to inputs, enabling fine-tuning for regimes or strategies. The index is a weighted average of component scores. Smoothing & Visualization Modes: Apply SMA, EMA, RMA, or VWMA with custom length. Display as line, histogram, area, or columns with neutral, overbought, and oversold zones. Correlation Monitoring: On-chart table tracks rolling correlations (default 20 periods) between asset prices and MSI, detecting divergences and regime changes. Customizable UI: Personalize fonts, text size, branding, and color schemes for bullish/bearish phases and MA line visualization. ⚙️ Settings Lookback: Define how far back the indicator evaluates data MA (Moving Average): When enabled, overlays a moving default disabled MA Smoothing: Applies a secondary smoothing layer Correlation: Defines the period over which correlation is measured Mode: Determines the visual layout style Equity Benchmarks: SPY, QQQ, IWM, EEM Fixed Income: TLT, HYG, LQD, SHY Commodities: Gold (GC), Copper (HG), Oil (CL), BCOM Volatility: VIX, VVIX, MOVE, SKEW FX Pairs: USD/JPY, USD/CHF, AUD/JPY, DXY Yield Curves: 10Y-2Y Spread (TYX), 10Y-5Y (TNX-FEDFUNDS) Monetary Policy: SOFR, ED, FF futures Global Macro: BDIY, M2, TED Spread, Put/Call Ratio Sector Rotation: XLU/XLY, XLY/XLP Sentiment Ratios: SPY/TLT, HYG/LQD, BTC/Gold, Copper/Gold, etc ⚡️ Showcase Default Mode Area Mode Smoothing Moving Average 📒 Usage Interpreting the Index Above 0: Net risk-on sentiment - (Markets favor growth, liquidity, and speculative assets) Below 0: Net risk-off sentiment - (Flight to safety, rising volatility, defensive positioning) Above +1: Extreme risk-on / complacency - (Potential overheating or topping pattern) Below −1: Extreme risk-off / fear - (Stress, capitulation, or strong defensive rotation) 🚨 Alerts The indicator does not provide any alerts! ⚠️ Disclaimer These tools are exclusively available on the TradingView platform. Our charting tools are intended solely for informational and educational purposes and should not be regarded as financial, investment, or trading advice. They are not designed to predict market movements or offer specific recommendations. Users should be aware that past performance is not indicative of future results and should not rely on these tools for financial decisions. By using these charting tools, the purchaser agrees that the seller and creator hold no responsibility for any decisions made based on information provided by the tools. The purchaser assumes full responsibility and liability for any actions taken and their consequences, including potential financial losses or investment outcomes that may result from the use of these products. By purchasing, the customer acknowledges and accepts that neither the seller nor the creator is liable for any undesired outcomes stemming from the development, sale, or use of these products. Additionally, the purchaser agrees to indemnify the seller from any liability. If invited through the Friends and Family Program, the purchaser understands that any provided discount code applies only to the initial purchase of Candela's subscription. The purchaser is responsible for canceling or requesting cancellation of their subscription if they choose not to continue at the full retail price. In the event the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable. We do not offer reimbursements, refunds, or chargebacks. Once these Terms are accepted at the time of purchase, no reimbursements, refunds, or chargebacks will be issued under any circumstances. By continuing to use these charting tools, the user confirms their understanding and acceptance of these Terms as outlined in this disclaimer.
Pine Script® indicator
by CandelaCharts
CandelaCharts - Contango Slope Index 📝 Overview The Contango Slope Index (CSI) is a volatility term structure analysis tool designed to quantify the slope of the VIX futures curve over time. By measuring the rate of change in implied volatility across multiple tenors—such as VIX1D, VIX (1M), VIX3M, VIX6M, and VIX1Y—the CSI provides traders and analysts with real-time insights into market sentiment, risk appetite, and potential turning points in equity markets. Developed by CandelaCharts, the CSI draws from established financial research on volatility term structures, particularly focusing on how contango (upward-sloping curve) and backwardation (downward-sloping curve) regimes correlate with future market behavior. The index computes a normalized slope using linear regression across available VIX futures, offering a dynamic view of evolving market expectations. The core output a slope value expressed in annualized percentage points per year (%/yr)—represents the steepness of the volatility curve: Positive slope: Contango regime, typically associated with market stability and complacency. Negative slope: Backwardation, historically linked to fear, near-term uncertainty, and often preceding market rallies. Slope crossing zero or key thresholds: Generates regime shifts and alert conditions. 📦 Features The Contango Slope Index offers a comprehensive set of features for analyzing volatility dynamics: Multi-Tenor Volatility Input: Users can select which VIX futures contracts to include in the slope calculation: VIX, VIX1D, etc Dynamic Slope Calculation: The indicator calculates the slope of the VIX term structure using linear regression on time-to-maturity (TTM) vs. volatility levels. Moving Average Overlay: A configurable moving average (SMA, EMA, RMA, WMA, VWMA) is applied to the smoothed slope to identify trend direction and momentum shifts. Regime Classification: Based on the slope value and its relationship to the moving average, the CSI classifies current market conditions into distinct regimes. Visual Enhancements: Color-coded slope line, background shading, etc Real-Time Label & Tooltip: On the last bar, a dynamic label displays: Current regime, Slope value and direction, etc ⚙️ Settings VIX: Toggles use of spot VIX index (CBOE_DLY:VIX). VIX1D: Toggles use of 1-day VIX futures (CBOE_DLY:VIX1D). VIX3M: Toggles use of 3-month VIX futures (CBOE_DLY:VIX3M). VIX6M: Toggles use of 6-month VIX futures (CBOE_DLY:VIX6M). VIX1Y: Toggles use of 1-year VIX futures (CBOE_DLY:VIX1Y). MA: Enables moving average filter; options include type (SMA, etc.) and period length. Slope: Defines slope calculation line thickness and colors. Bg: Enables background shading with customizable colors. ⚡️ Showcase Slope Line Customizable Moving Average Regime Shift Zones 📒 Usage The CSI is plotted as a standalone oscillator beneath the price chart (non-overlay mode). Key interpretation guidelines: Slope Direction Slope < 0 - Backwardation: Indicates near-term volatility is higher than long-term expectations. Historically, this has preceded equity market rallies, as panic subsides and fear peaks. Slope > 0 - Contango: Reflects normal market conditions where longer-dated volatility is priced higher. Persistent high contango may signal complacency. Magnitude of Slope Slope > 0.0232 (%/yr) - Elevated complacency: The term structure is steeper than historical average—caution advised ahead of potential corrections. Slope near 0 - Neutral or transitioning regime: Markets may be at inflection points. Slope vs. MA Crossover Slope crosses above MA: Improving confidence, potential upside acceleration Slope crosses below MA: Deteriorating structure, rising stress 🚨 Alerts Six pre-configured alerts are available for integration into trading systems: 🚨 Backwardation Detected – Slope turns negative 🔚 Exit Backwardation – Slope crosses above zero ⚠️ Elevated Complacency – Slope exceeds 2.32%/yr 📈 Potential Bullish Setup – Slope crosses below zero ✅ Slope Crosses Above MA – Momentum improves ⚠️ Slope Crosses Below MA – Momentum deteriorates ⚠️ Disclaimer These tools are exclusively available on the TradingView platform. Our charting tools are intended solely for informational and educational purposes and should not be regarded as financial, investment, or trading advice. They are not designed to predict market movements or offer specific recommendations. Users should be aware that past performance is not indicative of future results and should not rely on these tools for financial decisions. By using these charting tools, the purchaser agrees that the seller and creator hold no responsibility for any decisions made based on information provided by the tools. The purchaser assumes full responsibility and liability for any actions taken and their consequences, including potential financial losses or investment outcomes that may result from the use of these products. By purchasing, the customer acknowledges and accepts that neither the seller nor the creator is liable for any undesired outcomes stemming from the development, sale, or use of these products. Additionally, the purchaser agrees to indemnify the seller from any liability. If invited through the Friends and Family Program, the purchaser understands that any provided discount code applies only to the initial purchase of Candela's subscription. The purchaser is responsible for canceling or requesting cancellation of their subscription if they choose not to continue at the full retail price. In the event the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable. We do not offer reimbursements, refunds, or chargebacks. Once these Terms are accepted at the time of purchase, no reimbursements, refunds, or chargebacks will be issued under any circumstances. By continuing to use these charting tools, the user confirms their understanding and acceptance of these Terms as outlined in this disclaimer.
Pine Script® indicator
by CandelaCharts
Round Levels Cross AlertRound Levels Cross Alert Overview The Round Levels Cross Alert is a Pine Script v6 indicator for TradingView that detects when the price crosses user-defined round price levels (e.g., 100, 200, 500). It is designed for traders focusing on psychological or key support/resistance levels, providing clear visual markers and real-time alerts with detailed messages. Features Custom Round Levels: Set your preferred price interval (e.g., 100 points) using the Round Level Interval input. Visual Cues: Green triangle-up shapes appear below bars for upward crosses; red triangle-down shapes appear above for downward crosses. Detailed Alerts: Alerts include the ticker, crossed level, and time in HH:mm AM/PM format, triggered only on confirmed bars for accuracy. Multi-Level Detection: Captures multiple round-level crosses in a single bar, sending individual alerts for each. User-Friendly: Easy to set up and integrates with TradingView's alert system for notifications via email, SMS, or other platforms. How It Works The script calculates the nearest round level by flooring the closing price divided by the user-defined interval. It detects changes in this level to identify crosses, then: Plots a shape to visually mark the cross. Generates an alert with the ticker, crossed level, and current time. Handles multiple level crosses in one bar, ensuring all are reported. Ideal For Swing Traders: Identify key levels for entries/exits. Day Traders: Monitor real-time price action at round numbers. Automated Alerts: Stay informed with timely notifications. Customization Adjust the Round Level Interval to match your asset or strategy (e.g., 50, 100, 1000). Configure TradingView alerts to suit your notification preferences. This indicator is a simple, effective tool for tracking price movements at significant round levels with clear visuals and actionable alerts.
Pine Script® indicator
by JupiterGains
1
[AlbaTherium] Wabi-Sabi Wyckoff Flow Structure Map MTF[1.0.42] Wabi-Sabi Wyckoff Flow Structure Map Master the Hidden Geometry of Market Campaigns – Accumulation, Distribution, and the Laws That Govern Them Introduction The Wabi-Sabi Wyckoff Flow Structure Map is a software-engineered analytical framework that visualizes the flow of institutional market behavior through the lens of the Wyckoff Method. This tool automates the detection of trading ranges, maps the phases of accumulation/distribution, and extrapolates price objectives . The Wabi-Sabi Wyckoff Flow Structure Map is a meticulous implementation of the principles of Richard D. Wyckoff , interpreted through the lens of market structure and volume dynamics. This tool aims to identify, contextualize, and map out accumulation and distribution zones by interpreting the composite operator's intended path in financial markets. It is not merely an indicator-it is a structural compass, guiding you through the architecture of smart money campaigns. Chapter 1: The Architecture of Market Campaigns 1.1 From Noise to Narrative Markets do not move randomly. They are orchestrated campaigns-methodically executed by informed operators. The identifies these campaigns as they unfold across: Accumulation Markup Distribution Markdown Each is grounded in Wyckoff’s structural logic and revealed in real time. 1.2 Who Is the Composite Operator, Composite Man? The Composite Operator (CO), Composite Man (CM) represents dominant market participants-institutions with the capacity to engineer price movement. By dissecting trading ranges, the script deciphers their behavior through: Event-based mapping (SC, ST, Spring, AR, UTAD, etc.) Phase progression (Phase A to E) PnF-based directional forecasting The CO leaves footprints. This script reads them. Chapter 2: Wyckoff’s Core Laws, Brought to Life 2.1 The Law of Supply and Demand Every price bar reflects this law. The tool highlights where supply is absorbed and demand emerges, revealing the true balance of power behind the chart. 2.2 The Law of Cause and Effect Accumulation and distribution ranges are not noise-they are preparation. By measuring their width, the script calculates PnF-based targets for the post-breakout phase, offering traders quantified projections rooted in structure. 2.3 The Law of Effort vs. Result Effort = volume. Result = price movement. Discrepancies between the two-expose market turning points. This script captures those moments within Wyckoff's structural context, not isolated volume spikes. Chapter 3: Real-Time Interpretation of Trading Ranges 3.1 Automatic Schematic Mapping The tool auto-generates Wyckoff structures: Detects and maps Trading Ranges dynamically Labels Wyckoff events (SC, ST, AR, Spring, UT, LPS, etc.) Identifies current phase (Phase B, C, D, E) via real-time bias detection 3.1.1.Core Components a. Structural Framing The script autonomously detects the boundaries of a trading range (TR), guided by pivot highs and lows derived from Volume Spread Analysis (VSA) dynamics and price behavior. b. Automatic Rally (AR) & Selling Climax (SC) These foundational events are systematically computed and highlighted using volume-weighted price interaction. The Selling Climax defines the lower bound of the TR, while the Automatic Rally sets the resistance zone. c. Secondary Tests (ST) The algorithm traces the STs to validate demand/supply balance and the structural integrity of the TR. These are tagged with precision to avoid false positives. d. Spring / Upthrust Actions Wyckoffian springs and upthrusts are flagged using deviations below support (spring) or above resistance (upthrust) coupled with volume exhaustion or climax events. e. Creek & Ice Visualization Inspired by Wyckoff’s narrative metaphor, the script maps the 'Creek' (High of the Range flow) and 'Ice' (Low of the Range flow), guiding the observer through breakout or breakdown conditions. f. Sign of Strength (SOS) / Sign of Weakness (SOW) These turning points are confirmed via expansion in spread and volume. SOS is a bullish confirmation of accumulation resolution, while SOW indicates bearish continuation. g. LPS & LPSY The Last Point of Support (LPS) and Last Point of Supply (LPSY) are precisely mapped post-confirmation of breakout or breakdown. Their presence strengthens the bias of the ongoing structural phase. h. Phase Annotation Each zone within the TR is annotated based on Wyckoff’s five-phase logic (A to E). This includes climactic action in Phase A, testing in Phase B, spring/UTAD in Phase C, confirmation in Phase D, and exit in Phase E. 3.2 Multi-Timeframe Tracking Observe the interplay of nested structures across several timeframes. Whether you’re tracking a micro accumulation on 1-min or macro distribution on the 1H, the script integrates both for a full-spectrum view. 3.3 Point-and-Figure Price Targeting Using Wyckoff’s Law of Cause and Effect, the tool projects price targets based on the range width. Outputs are displayed directly on the chart, aiding in: Profit-taking zones Invalidations R/R planning with structure-based confidence Chapter 4: Applying Like a Wyckoffian 4.1 Configuration Best Practices Timeframes: 1–5min for tactical intraday, 15min–4H for swing campaigns Detection Radius: Control how deep the script searches for structural pivots Modes: Choose between Delta (volume shifts) and Normal (price formations) 4.2 Dashboard & Event Tracker The Bias Dashboard displays: The current dominant phase (e.g. “Phase C Test” or “Late Phase D”) Key events (AR, ST, Spring, LPS) Whether current price action supports a continuation or Climax 4.3 Alerts and Customization Configure alerts to monitor: New TR detection across up to 6 timeframes Key structural events like Spring, UTAD, or SOS Completion of cause zones with target projection triggered Chapter 5: Use Cases and Strategic Implementation 5.1 Spotting Reversals Before the Breakout Use the script to: Enter near Springs (accumulation) or UTADs (distribution) Identify retests as Last Points of Support/Resistance Confirm or invalidate breakout attempts using the schematic context 5.2 Confirming Institutional Engagement Recognize institutional footprints through: Multiple STs (Testing for supply) Strong SOS, SOW / LPS combinations Absence of follow-through = Absorption The Flow Map helps distinguish retail chase from professional intent. Conclusion The Wabi-Sabi Wyckoff Flow Structure Map is an elite market structure decoder for traders who operate on logic, not emotion. Grounded in Wyckoff’s time-tested methodology and enhanced with modern automation, it transforms the invisible structure of price action into a readable, tradeable roadmap. “Structure precedes movement. Those who read structure, anticipate motion. Those who chase motion, miss the meaning . ” - A Wyckoffian Principle This tool is for traders who understand that preparation is where profits are born-not during the move, but before it."
Pine Script® indicator
by AlbaTherium
3
Support Vs Reward RvCSupport Vs Reward RvC The Support Vs Reward RvC indicator is a simple yet effective tool that analyzes candle strength relative to both price movement and trading volume. Highlights candles where both body size and volume expand or contract, helping traders spot momentum shifts and weakening moves. 📌 How it works: - “C” expect a Continuation of Trend in the next one or two candles; - “R” expect a Reverse of Trend in the next one or two candles. Works well on bigger time candles like 10-15 minutes but also gives important info in day-trading or scalping. Marks candles where both body size and volume increase or decrease, making momentum shifts easy to spot. This smart candle analyzer reveals momentum surges and fading moves through body size and volume dynamics. It compares each candle’s body size (open-to-close range) and its volume against the previous candle. If both the body and volume are greater than the previous candle, a green “C” from Continuation of Trend is displayed under the bar. If both the body and volume are smaller than the previous candle, a red “R” from Reverse of Trend is displayed under the bar. Custom filters allow users to ignore insignificant moves by setting a minimum body size (as % of price) and a minimum volume threshold. 📌 Use cases: Spot momentum shifts when price and volume expand together. Identify weakening moves when both price action and volume contract. Can be combined with other strategies for confirmation of entries or exits. ⚙️ Inputs: Minimum Body Size % (of price): Filters out small candles. Minimum Volume: Ensures only significant moves are marked. This indicator is best used as a confirmation tool within a larger trading strategy, rather than as a standalone buy/sell signal.
Pine Script® indicator
by arisdet
Market Outlook Score (MOS)Overview The "Market Outlook Score (MOS)" is a custom technical indicator designed for TradingView, written in Pine Script version 6. It provides a quantitative assessment of market conditions by aggregating multiple factors, including trend strength across different timeframes, directional movement (via ADX), momentum (via RSI changes), volume dynamics, and volatility stability (via ATR). The MOS is calculated as a weighted score that ranges typically between -1 and +1 (though it can exceed these bounds in extreme conditions), where positive values suggest bullish (long) opportunities, negative values indicate bearish (short) setups, and values near zero imply neutral or indecisive markets. This indicator is particularly useful for traders seeking a holistic "outlook" score to gauge potential entry points or market bias. It overlays on a separate pane (non-overlay mode) and visualizes the score through horizontal threshold lines and dynamic labels showing the numeric MOS value along with a simple trading decision ("Long", "Short", or "Neutral"). The script avoids using the plot function for compatibility reasons (e.g., potential TradingView bugs) and instead relies on hline for static lines and label.new for per-bar annotations. Key features: Multi-Timeframe Analysis: Incorporates slope data from 5-minute, 15-minute, and 30-minute charts to capture short-term trends. Trend and Strength Integration: Uses ADX to weight trend bias, ensuring stronger signals in trending markets. Momentum and Volume: Includes RSI momentum impulses and volume deviations for added confirmation. Volatility Adjustment: Factors in ATR changes to assess market stability. Customizable Inputs: Allows users to tweak periods for lookback, ADX, and ATR. Decision Labels: Automatically classifies the MOS into actionable categories with visual labels. This indicator is best suited for intraday or swing trading on volatile assets like stocks, forex, or cryptocurrencies. It does not generate buy/sell signals directly but can be combined with other tools (e.g., moving averages or oscillators) for comprehensive strategies. Inputs The script provides three user-configurable inputs via TradingView's input panel: Lookback Period (lookback): Type: Integer Default: 20 Range: Minimum 10, Maximum 50 Purpose: Defines the number of bars used in slope calculations for trend analysis. A shorter lookback makes the indicator more sensitive to recent price action, while a longer one smooths out noise for longer-term trends. ADX Period (adxPeriod): Type: Integer Default: 14 Range: Minimum 5, Maximum 30 Purpose: Sets the smoothing period for the Average Directional Index (ADX) and its components (DI+ and DI-). Standard value is 14, but shorter periods increase responsiveness, and longer ones reduce false signals. ATR Period (atrPeriod): Type: Integer Default: 14 Range: Minimum 5, Maximum 30 Purpose: Determines the period for the Average True Range (ATR) calculation, which measures volatility. Adjust this to match your trading timeframe—shorter for scalping, longer for positional trading. These inputs allow customization without editing the code, making the indicator adaptable to different market conditions or user preferences. Core Calculations The MOS is computed through a series of steps, blending trend, momentum, volume, and volatility metrics. Here's a breakdown: Multi-Timeframe Slopes: The script fetches data from higher timeframes (5m, 15m, 30m) using request.security. Slope calculation: For each timeframe, it computes the linear regression slope of price over the lookback period using the formula: textslope = correlation(close, bar_index, lookback) * stdev(close, lookback) / stdev(bar_index, lookback) This measures the rate of price change, where positive slopes indicate uptrends and negative slopes indicate downtrends. Variables: slope5m, slope15m, slope30m. ATR (Average True Range): Calculated using ta.atr(atrPeriod). Represents average volatility over the specified period. Used later to derive volatility stability. ADX (Average Directional Index): A detailed, manual implementation (not using built-in ta.adx for customization): Computes upward movement (upMove = high - high ) and downward movement (downMove = low - low). Derives +DM (Plus Directional Movement) and -DM (Minus Directional Movement) by filtering non-relevant moves. Smooths true range (trur = ta.rma(ta.tr(true), adxPeriod)). Calculates +DI and -DI: plusDI = 100 * ta.rma(plusDM, adxPeriod) / trur, similarly for minusDI. DX: dx = 100 * abs(plusDI - minusDI) / max(plusDI + minusDI, 0.0001). ADX: adx = ta.rma(dx, adxPeriod). ADX values above 25 typically indicate strong trends; here, it's normalized (divided by 50) to influence the trend bias. Volume Delta (5m Timeframe): Fetches 5m volume: volume_5m = request.security(syminfo.tickerid, "5", volume, lookahead=barmerge.lookahead_on). Computes a 12-period SMA of volume: avgVolume = ta.sma(volume_5m, 12). Delta: (volume_5m - avgVolume) / avgVolume (or 0 if avgVolume is zero). This measures relative volume spikes, where positive deltas suggest increased interest (bullish) and negative suggest waning activity (bearish). MOS Components and Final Calculation: Trend Bias: Average of the three slopes, normalized by close price and scaled by 100, then weighted by ADX influence: (slope5m + slope15m + slope30m) / 3 / close * 100 * (adx / 50). Emphasizes trends in strong ADX conditions. Momentum Impulse: Change in 5m RSI(14) over 1 bar, divided by 50: ta.change(request.security(syminfo.tickerid, "5", ta.rsi(close, 14), lookahead=barmerge.lookahead_on), 1) / 50. Captures short-term momentum shifts. Volatility Clarity: 1 - ta.change(atr, 1) / max(atr, 0.0001). Measures ATR stability; values near 1 indicate low volatility changes (clearer trends), while lower values suggest erratic markets. MOS Formula: Weighted average: textmos = (0.35 * trendBias + 0.25 * momentumImpulse + 0.2 * volumeDelta + 0.2 * volatilityClarity) Weights prioritize trend (35%) and momentum (25%), with volume and volatility at 20% each. These can be adjusted in code for experimentation. Trading Decision: A variable mosDecision starts as "Neutral". If mos > 0.15, set to "Long". If mos < -0.15, set to "Short". Thresholds (0.15 and -0.15) are hardcoded but can be modified. Visualization and Outputs Threshold Lines (using hline): Long Threshold: Horizontal dashed green line at +0.15. Short Threshold: Horizontal dashed red line at -0.15. Neutral Line: Horizontal dashed gray line at 0. These provide visual reference points for MOS interpretation. Dynamic Labels (using label.new): Placed at each bar's index and MOS value. Text: Formatted MOS value (e.g., "0.2345") followed by a newline and the decision (e.g., "Long"). Style: Downward-pointing label with gray background and white text for readability. This replaces a traditional plot line, showing exact values and decisions per bar without cluttering the chart. The indicator appears in a separate pane below the main price chart, making it easy to monitor alongside price action. Usage Instructions Adding to TradingView: Copy the script into TradingView's Pine Script editor. Save and add to your chart via the "Indicators" menu. Select a symbol and timeframe (e.g., 1-minute for intraday). Interpretation: Long Signal: MOS > 0.15 – Consider bullish positions if supported by other indicators. Short Signal: MOS < -0.15 – Potential bearish setups. Neutral: Between -0.15 and 0.15 – Avoid trades or wait for confirmation. Watch for MOS crossings of thresholds for momentum shifts. Combine with price patterns, support/resistance, or volume for better accuracy. Limitations and Considerations: Lookahead Bias: Uses barmerge.lookahead_on for multi-timeframe data, which may introduce minor forward-looking bias in backtesting (use with caution). No Alerts Built-In: Add custom alerts via TradingView's alert system based on MOS conditions. Performance: Tested for compatibility; may require adjustments for illiquid assets or extreme volatility. Backtesting: Use TradingView's strategy tester to evaluate historical performance, but remember past results don't guarantee future outcomes. Customization: Edit weights in the MOS formula or thresholds to fit your strategy. This indicator distills complex market data into a single score, aiding decision-making while encouraging users to verify signals with additional analysis. If you need modifications, such as restoring plot functionality or adding features, provide details for further refinement.
Pine Script® indicator
by gautamsubaash
Whole Number Levels & ZonesWhole Number Levels & Zones Indicator This indicator is designed to automatically plot key psychological price levels on your chart. These are typically round numbers (e.g., 1.35000 on GBP/USD) where trading activity often clusters, creating potential support and resistance. How It's Used: Traders use these lines and zones to identify areas where the price might pause, reverse, or break out. Support: If the price is falling, it may find support and bounce off one of these levels. Resistance: If the price is rising, it may face resistance and stall at one of these levels. Confirmation: It can be used alongside other indicators and analysis techniques to confirm trade entries or exits. Key Features: Automatic or Manual Levels: You can either let the indicator automatically adjust the lines based on the current price or anchor them to a specific starting price you choose. Customizable Intervals: You can set the distance between each line (e.g., every 50 or 100 pips). Shaded Zones: You can enable a shaded box around each line to better visualize the price zones. The height of this box is adjustable. Full Styling Control: You have complete control over the color, style (dashed, solid, dotted), and thickness of the lines and zones to match your chart's theme.
Pine Script® indicator
by Faneesh17
1