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Trend-analysis

Quant Labs Edge Filter (Community Edition)A market-structure filter designed to identify when no real edge exists. Edge Filter evaluates price location relative to structure to define market posture — long bias, short bias, or stand aside. It does not generate trade signals and is intentionally designed to reduce overtrading. Clear Posture States Near Highs — Short Bias Near Lows — Long Bias No Edge — Stand Aside When edge is absent, patience is the strategy. Why It Stands Out Most indicators encourage action. Edge Filter encourages restraint. Its purpose is to protect capital, attention, and decision quality by filtering out low-quality environments. Community Edition This version publishes the core logic openly for transparency and education. Private access versions may exist for traders seeking continuity and stewardship. Bottom Line Trade less. Trade better. Wait for edge. — QuantLabs
Pine Script® indicator
by CustomQuantLabs
DkS Market Structure Breakout Strategy Crypto & ForexDkS Market Structure Breakout Strategy Crypto & Forex 🔍 Overview DkSPro – Universal Market Analysis is a structure-based trading strategy designed for Crypto and Forex markets, focused on trend alignment, breakout confirmation, and volume validation. This strategy is built to filter low-quality trades, avoid ranging conditions, and reduce false breakouts by requiring multiple layers of confirmation before any trade is executed. It is intended for scalping and intraday trading, prioritizing consistency and risk control over trade frequency. 🧠 Strategy Logic (How It Works) DkSPro follows a sequential decision process, not a single-indicator signal: Trend Bias (EMA Structure) A fast and slow EMA define the directional bias. Long trades are only allowed during bullish EMA alignment. Short trades are only allowed during bearish EMA alignment. This prevents counter-trend and ranging-market entries. Market Structure & Breakout Validation The strategy identifies recent swing highs and lows. Trades are triggered only after a confirmed breakout of structure, not during consolidation. This avoids early entries and false momentum moves. Volume Confirmation Volume must exceed its moving average by a defined multiplier. This ensures participation and filters out low-liquidity breakouts. Volume thresholds adapt depending on the selected trading mode. Momentum Confirmation (RSI) RSI is used strictly as a momentum filter, not as a standalone signal. It confirms that price movement aligns with the breakout direction. Risk Management (Mandatory) Every position includes a predefined Stop Loss and Take Profit. Position sizing is based on a fixed percentage of equity, keeping risk per trade within sustainable limits. All conditions must align simultaneously; otherwise, no trade is executed. ⚙️ Trading Modes SAFE Mode Stronger volume and RSI thresholds Fewer trades, higher selectivity Designed for risk control and consistency AGGRESSIVE Mode Slightly relaxed filters Higher trade frequency during strong momentum Intended for experienced users only 📊 Markets & Assets This strategy has been actively used and tested on: 🟢 Crypto (Binance / Binance.US) SOL-USDT XRP-USDT Other high-liquidity pairs (BTC, ETH) Crypto mode benefits from stronger volume confirmation to adapt to higher volatility. 🔵 Forex Major pairs such as EURUSD, GBPUSD, USDJPY Optimized for liquid markets with lower relative volume The same structural logic applies to both markets, with volume behavior naturally adapting to each asset class. ⏱ Recommended Timeframes Crypto: 5m – 15m Forex: 15m – 1H Lower timeframes (1m) are not recommended due to noise and unreliable volume behavior. 🧪 Backtesting & Settings Transparency Default strategy properties are intentionally conservative to reflect realistic conditions: Initial capital: $20,000 Position size: 2% of equity Commission: 0.08% Slippage: 1 tick Fixed Stop Loss and Take Profit on every trade Backtests should be performed on sufficient historical data (ideally 6–12 months) to ensure a statistically meaningful sample size (100+ trades). 📈 Originality & Usefulness DkSPro is not a simple indicator mashup. Each component serves a specific role in a layered confirmation system: EMAs define direction Structure defines timing Volume validates participation RSI confirms momentum Risk management controls exposure Removing any layer significantly reduces signal quality. The strategy is designed as a complete decision framework, not a signal generator. ⚠️ Important Notes This script is an analysis and execution tool, not financial advice. Market conditions change, and no strategy performs well in all environments. Users are encouraged to backtest, forward test, and adjust position sizing according to their own risk tolerance. 🧩 Version Notice This publication represents a consolidated and refined version of an internal experimental script. No parallel or duplicate versions are intended. All future improvements will be released exclusively using TradingView’s Update feature. 🇪🇸 Descripción en Español (Resumen) DkSPro es una estrategia basada en estructura de mercado, diseñada para Crypto y Forex, que combina tendencia, ruptura de estructura, volumen y control de riesgo. Solo opera cuando todas las condiciones se alinean, evitando rangos, falsas rupturas y sobreoperar. Ha sido utilizada en Binance con pares como SOL-USDT y XRP-USDT, así como en Forex, siempre con gestión de riesgo fija y condiciones realistas.
Pine Script® strategy
by dksniewieders
Adaptive Momentum Contextdaptive Momentum Context (AMC) Adaptive Momentum Context (AMC) is a single-panel, overlay indicator designed to help traders read market context, momentum behavior, and volatility-driven rhythm in a structured and non-misleading way. This indicator does not aim to predict future price movements. Instead, it focuses on describing current market conditions using adaptive smoothing and higher-timeframe bias. Concept Overview AMC is built around three core ideas: Higher Timeframe Context (Bias) Adaptive Market Rhythm Momentum Behavior within Context These components are combined to provide a clearer view of when momentum aligns with the broader market structure. Higher Timeframe Bias The indicator retrieves price data from a user-selected higher timeframe and compares it to a moving average on that timeframe. When higher timeframe price is above its average, the background is shaded green. When it is below, the background is shaded red. This background does not generate signals. Its purpose is to define directional context and reduce decision-making against dominant market conditions. Adaptive Market Rhythm Instead of using a fixed-length moving average, AMC calculates an adaptive smoothing length based on relative volatility. When volatility expands, the smoothing period increases. When volatility contracts, the smoothing period shortens. Because Pine Script does not allow dynamic lengths in built-in moving averages, the adaptive line is calculated manually using a recursive EMA formula. This ensures: No repainting No future data access Full Pine Script v6 compliance The adaptive line represents the current market rhythm, not a trend guarantee. Momentum Behavior Momentum is derived from changes in the adaptive rhythm rather than raw price. Small visual markers appear when: Momentum accelerates in the direction of the higher timeframe bias Momentum decelerates against that bias These markers are contextual cues, not standalone trade signals. How to Use AMC is best used as a context and filtering tool, not as a mechanical entry system. Possible use cases: Filtering lower-timeframe entries Avoiding trades against higher-timeframe structure Visualizing momentum shifts during pullbacks or continuations Users are encouraged to combine this indicator with their own risk management and execution rules. Important Notes This indicator does not provide performance guarantees. Past behavior does not imply future results. No lookahead, no repainting, or non-standard chart types are used. Default settings are intended for general use and may require adjustment depending on market and timeframe.
Pine Script® indicator
by aioncharts
Volume Channel Flow [ChartPrime]⯁ OVERVIEW — Volume Channel Flow The Volume Channel Flow indicator dynamically tracks evolving trend channels while simultaneously analyzing volume distribution within each channel segment. By combining adaptive volatility-based channel boundaries with real-time volume profiling, the tool highlights directional bias, structural breakouts, and zones where buy/sell pressure is concentrated. This makes it a powerful hybrid of a trend-tracking system and a miniature volume-profile engine that updates live as the market moves. ⯁ CONCEPTS Dynamic Volatility Channel: Upper and lower channel levels are continuously recalculated using ATR. These levels shift only when price breaks outside the previous channel, signaling a trend transition. Channel Segmentation: When a channel shift occurs, the previous segment is closed and visually plotted as its own range — allowing traders to inspect each discrete “flow phase” of the market. Embedded Volume Profile: Inside each channel segment, the indicator builds a mini volume histogram using user-defined binning. This creates a quick visual read of how volume was distributed within that price range. Point of Control (PoC): The price level with the highest traded volume inside each completed segment is detected and plotted as a dashed horizontal PoC line. Flow Bias (Bullish/Bearish): The volume profile color adapts depending on whether cumulative delta volume (buy minus sell pressure) is positive or negative for the segment. Breakout Labels: When a new channel is formed, arrows mark whether the breakout occurred upward or downward. ⯁ FEATURES Adaptive Trend Channel Construction Channels update only when price closes beyond upper or lower volatility thresholds. This isolates trend shifts with minimal noise. Channel Visualization Options Choose to display full channel boxes or only trend lines using customizable styling. Real-Time Volume Profiling As long as the channel remains active, volume distribution is recalculated live on every bar. PoC Projection The PoC is drawn across the channel range, marking the highest-volume price level for each segment. Directional Delta Coloring Volume profiles automatically shift to bullish or bearish colors based on cumulative delta inside the channel. Breakout Detection Arrows highlight each transition into a new channel regime. ⯁ HOW TO USE Spot trend changes using breakout arrows and the creation of new trend channels. Gauge strength of a channel by examining the density and shape of the internal volume profile. Use PoC levels as potential support/resistance interaction zones. Validate momentum by checking whether volume delta shows bullish or bearish dominance. Monitor channel edges to anticipate continuation or reversal setups. ⯁ CONCLUSION The Volume Channel Flow indicator merges trend structure with volume analytics, providing a continuously adaptive picture of market flow. It not only detects where trend phases begin and end, but also reveals what type of volume behavior shaped each segment, offering a deeper understanding of trend strength and directional pressure.
Pine Script® indicator
by ChartPrime
17
LBMA London Gold Fix Times [Auto DST]## Overview This lightweight indicator automatically marks the **LBMA Gold Price Fixing** times on your chart using vertical lines. It is designed specifically for **XAUUSD (Gold)** traders who need to monitor institutional liquidity and volatility shifts during the London session. The indicator tracks the two key daily fixing moments: * **AM Fix:** 10:30 (London Time) * **PM Fix:** 15:00 (London Time) ## Key Features * **🌍 Auto Daylight Saving Time (DST):** Built with the `Europe/London` timezone parameter. It automatically adjusts to British Summer Time (BST) and GMT, so you never have to manually change the UTC offset settings. * **⚡ Minimalist Design:** Draws clean vertical lines without cluttering your chart with text labels. * **🎨 Fully Customizable:** You can adjust the line color, width, and style (Solid, Dashed, Dotted) for both AM and PM sessions independently. ## Why are these times important? The London Gold Fix (LBMA Gold Price) is the global benchmark for physical gold settlement. Major institutions, central banks, and mining companies settle contracts at these times. Consequently, **10:30** and **15:00** (London time) often witness: 1. Significant spikes in volatility. 2. Trend reversals or accelerations. 3. Massive volume injection. ## Usage Tips * **Timeframe:** This indicator works best on **Intraday Timeframes** (1-minute to 30-minute charts). * *Note:* It may not be visible on H1 (1-hour) charts or higher because the fix times (e.g., 10:30) occur in the middle of an hourly candle. * **Setup:** Simply add it to your chart. No timezone configuration is required; the script calculates London time internally. ## Settings * **AM Fix Color:** Default is Blue (London Morning). * **PM Fix Color:** Default is Red (London Afternoon/US Morning overlap). * **Line Style:** Choose between Solid, Dashed, or Dotted lines. 概述 (Overview) 这是一个轻量级的辅助指标，通过垂直线在图表上自动标记 LBMA 伦敦金定盘价（LBMA Gold Price Fixing） 的时刻。它是专为 XAUUSD（黄金） 交易者设计的，旨在帮助大家捕捉伦敦时段内机构流动性和市场波动的关键节点。 该指标会自动锁定每天两个核心的定盘时间： 上午定盘 (AM Fix): 10:30 (伦敦时间) 下午定盘 (PM Fix): 15:00 (伦敦时间) 主要功能 (Key Features) 🌍 自动识别夏令时 (Auto DST): 代码内置 Europe/London 时区参数。无论英国处于夏令时 (BST) 还是冬令时 (GMT)，指标都会自动精准对齐，无需用户手动调整时区设置。 ⚡ 极简主义设计: 仅绘制干净的垂直线，不显示任何文字标签，避免遮挡K线或干扰视线。 🎨 高度可定制: 您可以独立调整上午和下午定盘线的颜色、粗细以及样式（实线、虚线或点线）。 为什么要关注这两个时间点？ LBMA 伦敦金定盘价是全球实物黄金结算的基准价格。大型金融机构、中央银行和金矿公司通常会在这个时间点集中进行合约结算。因此，在伦敦时间 10:30 和 15:00 前后，市场经常会出现： 波动率瞬间激增。 短期趋势的反转或加速。 巨量成交量的涌入。 使用建议 (Usage Tips) 适用周期: 建议在 日内分时图（1分钟、5分钟、15分钟或30分钟）上使用。 注意: 在 1小时 (H1) 或更大的周期上，线条可能无法显示，因为定盘时间（如 10:30）发生在整点K线的内部，无法被单独标记。 设置方法: 加载指标即可使用。无论您本地电脑的时间设置如何，脚本内部会自动计算正确的伦敦时间。 参数设置 (Settings) AM Fix Color: 上午定盘线颜色（默认为蓝色）。 PM Fix Color: 下午定盘线颜色（默认为红色，此时往往也是美盘初期的波动高峰）。 Line Style: 线条样式选择（实线、虚线、点线）。
Pine Script® indicator
by trad7595
Quality-Controlled Trend Strategy v2 (Expectancy Focused)This script focuses on quality control rather than curve-fitting. No repainting, no intrabar tricks, no fake equity curves. It uses confirmed-bar entries, ATR-based risk, and clean trend logic so backtests reflect what could actually be traded live. If you publish scripts, this is the minimum structure worth sharing. Why this script exists TradingView’s public scripts are flooded with: repainting indicators no stop-loss logic curve-fit entries that collapse live strategies that look good only in hindsight This script is intentionally boring but honest. No repainting. No intrabar tricks. No fake equity curves The goal is quality control, not hype. What this strategy enforces ✔ Confirmed bars only ✔ Single source of truth for indicators ✔ Fixed risk structure ✔ No signal repainting ✔ Clean exits with unique IDs ✔ Works on any liquid market Trading Logic (simple & auditable) Trend filter EMA 50 vs EMA 200 Entry Pullback to EMA 50 RSI confirms momentum (not oversold/overbought) Risk ATR-based stop Fixed R:R One position at a time This is the minimum bar for a strategy to be considered publish-worthy. Why this helps TradingView quality Most low-value scripts fail because they: hide repainting logic skip exits entirely use inconsistent calculations rely on hindsight candles This strategy forces discipline: every signal is confirmed every trade has defined risk behavior is repeatable across symbols & timeframes If more scripts followed this baseline, TradingView’s public library would be far more usable.
Pine Script® strategy
by AIScripts
Opening Path Selector (EMA200 Context Tool)📝 Description Opening Path Selector is a context-based indicator designed to help traders quickly identify which asset may offer the cleanest directional path at the market open. This tool does not generate entry or exit signals. Its purpose is to reduce decision fatigue during the first minutes of the session by ranking a small set of high-liquidity assets based on higher-timeframe EMA200 structure. 🔍 What this indicator evaluates The dashboard compares a predefined group of major symbols and ranks them according to: • Proximity to the nearest EMA200 • Relative position versus higher-timeframe EMA200 levels • Directional context inferred from EMA structure The result is a priority-based list that highlights which asset may present: • Less immediate EMA resistance • Clearer directional context • Lower probability of early-session chop 📊 How to read the dashboard • Priority – Ranking based on opening context • Symbol – Evaluated instrument • Nearest EMA200 – Distance and side relative to price • Possible Path – Direction with less immediate EMA resistance • Bias – Strength of the higher-timeframe context Colored markers are used to provide fast visual identification of the highest-priority assets. ⚠️ Important notes • This is a context and selection tool, NOT a trading system • No buy/sell signals, alerts, TP, or SL logic are included • Designed to be used alongside your own execution methodology 🔧 Compatibility Due to Pine Script multi-symbol and multi-timeframe constraints, this public version is intentionally limited to a small set of symbols. TradingView Pro / Premium or higher is recommended for consistent performance. 🔗 Complementary tools This indicator can be complemented with Multi-Tool VWAP + EMAs (Multi-Timeframe) + Key Levels , which provides detailed visibility of multiple EMA levels, VWAP structure, and higher-timeframe reference zones directly on the chart. While Opening Path Selector helps decide which asset to focus on at the open, the complementary tool can assist with in-chart context and confirmation once an asset has been selected. Both tools are designed to serve different stages of the decision process and can be used independently.
Pine Script® indicator
by mlicero
2
Next Candle PredictorAdvanced TradingView Indicator for Precise Buy and Sell Signals Overview: The Predicta Futures - Next Candle Predictor is a cutting-edge TradingView indicator designed to forecast the next candle's direction in futures and cryptocurrency markets. Leveraging a multi-indicator confluence strategy, this tool provides traders with actionable long and short prediction percentages, enhanced by dynamic ADX-based thresholds and visual projection candles. Ideal for scalping, day trading, or swing trading on platforms like MEXC or Binance futures, it combines Supertrend, MACD, RSI, Stochastic, ADX, and volume analysis to deliver high-probability buy and sell signals while minimizing false positives. Key Features: • Multi-Indicator Confluence Scoring: Integrates Supertrend for trend direction, EMAs (8, 21, 50) for alignment, MACD for momentum crossovers, RSI for overbought/oversold conditions, Stochastic for divergence detection, ADX for trend strength, and volume ratios for confirmation. A customizable confluence score (0-6) ensures signals meet user-defined criteria, reducing whipsaws in volatile markets. • Dynamic Prediction Thresholds: ADX-driven adjustments lower the required prediction percentage (e.g., 60% in strong trends) for "PERFECT TIME" entries, adapting to market conditions like ranging or trending phases. • Visual Analysis Table: A sleek, color-coded dashboard displays progress bars for each indicator, prediction percentages, and status (e.g., "PERFECT TIME" or "WAIT"). Supports long and short analyses with intuitive ASCII bars for quick scans. • Projection Candles: Simulates potential next-candle outcomes with volatility-scaled (via Bollinger Bands width) green long and red short candles, aiding in visualizing price targets. • Buy/Sell Signals and Alerts: Generates labeled "BUY" and "SELL" arrows on EMA crossovers within confirmed trends, with separate alerts for basic signals and high-confluence "PERFECT TIME" opportunities. • Customizable Inputs: Adjust ATR periods, Supertrend factors, minimum confluence scores, and volume ratios to tailor the indicator for stocks, forex, or crypto perpetual futures. How It Works: This TradingView script calculates long and short scores using weighted contributions from key indicators, normalizing them into prediction percentages. A confluence check—factoring trend, EMA alignment, MACD, Stochastic, volume, and ADX—triggers "PERFECT TIME" only when conditions align robustly. For example: • In a downtrend (Supertrend red), with bearish MACD and Stochastic, and sufficient volume, the indicator highlights short opportunities. • Dynamic thresholds ensure aggressive entries in strong trends (ADX >25) and conservative ones in weak trends. • Backtested for reliability, it excels in identifying reversals and continuations, making it a must-have for traders seeking an edge in futures trading strategies. Usage Instructions: 1. Add the indicator to your TradingView chart. (Search: Next Candle Predictor) 2. Customize settings via the inputs panel (e.g., set minConfluence to 5 for stricter signals). 3. Monitor the analysis table for predictions and confluence scores. 4. Act on "BUY/SELL" labels or "PERFECT TIME" alerts, combining with your risk management. 5. Enable projection candles for visual forecasting of the next bar. Compatible with all timeframes, from 1-minute scalping to daily swings. Note: This is not financial advice; always verify signals with additional analysis. Join thousands of traders enhancing their strategies—add it to your charts today and elevate your trading performance! Please rate and review if it boosts your trades! Thank you!
Pine Script® indicator
by PredictaFutures
38
UIA TrendCompass V1.0UIA TrendCompass v1.0 is a market structure interpretation tool designed to visualize trend states in real time. The script identifies four structural states based on price behavior and trend continuity: • T — Trend Start • E — Trend Extension • H — Structural High / Low • X — Trend Exit / Reversal This indicator is intended for market structure analysis and educational purposes only. It does NOT provide trading signals, buy/sell recommendations, or investment advice. All labels are generated based on historical price data and do not predict future market movements. Users should combine this tool with their own analysis and risk management framework. This script is provided "as is" with no guarantee of accuracy or performance.
Pine Script® indicator
by UIA_Institute
Strategy: HMA 50 + Supertrend SniperHMA 50 + Supertrend Confluence Strategy (Trend Following with Noise Filtering) Description: Introduction and Concept This strategy is designed to solve a common problem in trend-following trading: Lag vs. False Signals. Standard Moving Averages often lag too much, while price action indicators can generate false signals during choppy markets. This script combines the speed of the Hull Moving Average (HMA) with the volatility-based filtering of the Supertrend indicator to create a robust "Confluence System." The primary goal of this script is not just to overlay two indicators, but to enforce a strict rule where a trade is only taken when Momentum (HMA) and Volatility Direction (Supertrend) are in perfect agreement. Why this combination? (The Logic Behind the Mashup) Hull Moving Average (HMA 50): We use the HMA because it significantly reduces lag compared to SMA or EMA by using weighted calculations. It acts as our primary Trend Direction detector. However, HMA can be too sensitive and "whipsaw" during sideways markets. Supertrend (ATR-based): We use the Supertrend (Factor 3.0, Period 10) as our Volatility Filter. It uses Average True Range (ATR) to determine the significant trend boundary. How it Works (Methodology) The strategy uses a boolean logic system to filter out low-quality trades: Bullish Confluence: The HMA must be rising (Slope > 0) AND the Close Price must be above the Supertrend line (Uptrend). Bearish Confluence: The HMA must be falling (Slope < 0) AND the Close Price must be below the Supertrend line (Downtrend). The "Choppy Zone" (Noise Filter): This is a unique feature of this script. If the HMA indicates one direction (e.g., Rising) but the Supertrend indicates the opposite (e.g., Downtrend), the market is considered "Choppy" or indecisive. In this state, the script paints the candles or HMA line Gray and exits all positions (optional setting) to preserve capital. Visual Guide & Signals To make the script easy to interpret for traders who do not read Pine Script, I have implemented specific visual cues: Green Cross (+): Indicates a LONG entry signal. Both HMA and Supertrend align bullishly. Red Cross (X): Indicates a SHORT entry signal. Both HMA and Supertrend align bearishly. Thick Line (HMA): The main line changes color based on the trend. Green: Bullish Confluence. Red: Bearish Confluence. Gray: Divergence/Choppy (No Trade Zone). Thin Step Line: This is the Supertrend line, serving as your dynamic Trailing Stop Loss. Strategy Settings HMA Length: Default is 50 (Mid-term trend). ATR Factor/Period: Default is 3.0/10 (Standard for trend catching). Exit on Choppy: A toggle switch allowing users to decide whether to hold through noise or exit immediately when indicators disagree. Risk Warning This strategy performs best in trending markets (Forex, Crypto, Indices). Like all trend-following systems, it may experience drawdown during prolonged accumulation/distribution phases. Please backtest with your specific asset before using it with real capital.
Pine Script® strategy
by Gustav_Rex
3
Average Directional Index infoAverage Directional Index (ADX) is a technical indicator created by J. Welles Wilder that measures trend strength (not direction!). Values range from 0 to 100. This indicator is a supplementary tool for assessing whether trend strategies are worthwhile, monitoring changes in trend strength and avoiding weak, choppy movements Value Interpretation: 0-25: Weak trend or sideways market 25-50: Moderate to strong trend 50-75: Very strong trend 75-100: Extremely strong trend (rare) Important: ADX does not indicate trend direction (up/down), only its strength! This script indicator includes additional features: 1. ADX Plot (purple line) Basic ADX value showing current trend strength. 2. ADX Trend Analysis (arrows) The script compares current ADX with its 10-period moving average with ±5% tolerance: ↑ (green): ADX rising → trend strengthening ↓ (red): ADX falling → trend weakening ⮆ (gray): ADX stable → trend strength unchanged 3. Information Table Displays current ADX value with trend arrow in the top-right corner. Parameters to Configure Smoothing (default: 14) - Indicator smoothing period Lower values (e.g., 7): more sensitive, more signals Higher values (e.g., 21): more stable, less noise Indicator Length (default: 14) - Period for calculating directional movement (+DI/-DI) Wilder's standard value is 14 Trend Length (default: 10) - Period for moving average to analyze ADX dynamics Determines how quickly changes in trend strength are detected Practical Application ✅ Strategy 1: Trend Strength Filter 1. ADX > 25 → look for positions aligned with the trend 2. ADX < 25 → avoid trend strategies, consider oscillators ✅ Strategy 2: Entries on Strengthening Trend 1. ADX crosses above 25 + arrow ↑ → trend gaining momentum 2. Combine with other indicators (e.g., EMA) for direction confirmation ✅ Strategy 3: Exhaustion Warning 1. ADX > 50 + arrow ↓ → strong trend may be exhausting 2. Consider profit protection or trailing stop
Pine Script® indicator
by Jawortrader
Average True Range % infoATR% is a modified version of the classic Average True Range indicator that displays price volatility as a percentage of the instrument's value, rather than in absolute values. This allows you to easily compare the volatility of different assets (e.g., Bitcoin vs Tesla stock) regardless of their price. Main Features 1. ATR% Chart The red line shows the average volatility from the last N candles (default 14), expressed as a percentage. For example: ATR% = 2.5% means that the average daily move is approximately 2.5% of the asset's value Higher values = greater volatility (higher profit potential, but also greater risk) Lower values = lower volatility (calmer market) 2. Volatility Trend Analysis The indicator automatically detects whether volatility is rising, falling, or stable: Up arrow (↑) - volatility is rising (price becomes more "nervous") Down arrow (↓) - volatility is falling (market is calming down) Horizontal arrow (⮆) - volatility is stable (within ±3% of the moving average) 3. Information Table In the upper right corner of the chart you will see Current ATR% value and Trend arrow with color coding: - Green = rising volatility - Red = falling volatility - Gray = stable volatility Parameters to Configure Indicator Length (default: 14) - How many candles back to include in calculations: Lower values (5-10): more sensitive to sudden changes, reacts faster Higher values (20-30): more smoothed, shows long-term volatility picture Trend Length (default: 10) - Period to analyze whether volatility is rising/falling: Lower values: faster trend change signals Higher values: more reliable, but slower signals Sample Interpretations ATR% Volatility Asset Type/Situation < 1% Very low Stable blue-chip stocks, calm market 1-3% Low-medium Typical stocks, normal conditions 3-5% Medium-high Volatile stocks, cryptocurrencies at rest 5-10% High Cryptocurrencies, penny stocks > 10% Extremely high Market panic, crash, pump & dump
Pine Script® indicator
by Jawortrader
ATH/ATL/DaysThis indicator displays the All-Time High (ATH) and All-Time Low (ATL) — or more precisely, the highest and lowest price within the last N days. It works on any timeframe and uses only local chart data (no security() calls), ensuring stable and accurate results. It plots horizontal lines for both the ATH and ATL and includes a clean, compact table showing: Date of the extreme Days since it occurred Price % distance from current price $ distance from current price A reliable tool for identifying local extremes, spotting market structure shifts, and tracking short-term price ranges.
Pine Script® indicator
by FSplinterO
TICK Indicator with Extreme AlertsOverview: This indicator is designed to provide intraday traders (especially those trading SPX, ES, and NQ) with a clearer NYSE TICK analysis tool featuring visual alerts. Unlike traditional TICK line charts, this indicator utilizes OHLC Candlesticks to display data, allowing you to fully view the Open, High, Low, and Close within a specific timeframe, thereby capturing instantaneous liquidity sweeps. Core Features & Logic: Candlestick Visualization (OHLC Candles): Uses the USI:TICK.US data source by default. The candlestick patterns allow you to clearly see if the TICK pierced key levels intraday but retraced by the close—vital information that standard line charts often miss. Dual Key Level System: The indicator is designed with two independent reference tiers for trend observation and reversal detection: Reference Lines (+/- 800): Marked by gray dashed lines. These represent the standard bull/bear dividing zones. When TICK sustains above +800 or below -800, it typically indicates a strong trending market. Extreme Alerts (+/- 1000): These thresholds are used to identify extreme market sentiment (overbought/oversold conditions). Background Highlight Alerts (Visual Alerts): To reduce screen-watching fatigue, the indicator automatically highlights the candlestick background when extreme market sentiment occurs: Green Background: Triggered when TICK High breaks above +1000. Represents extreme buying sentiment, potentially indicating exhaustion or a short squeeze. Red Background: Triggered when TICK Low drops below -1000. Represents extreme panic selling (Washout), often serving as a potential signal for an intraday reversal or a short-term bottom. Custom Settings: All thresholds (800 reference lines, 1000 alert lines) are fully adjustable in the settings. All colors (Candles, Reference Lines, Background Alert Colors) can be customized. Use Cases: This tool is ideal for intraday counter-trend or trend-following trading when combined with Price Action analysis and key Support & Resistance levels.
Pine Script® indicator
by Sewell_
Luxy Sector & Industry RS AnalyzerEver wonder why some stocks soar while others in the same sector barely move? Or why your perfectly timed entry still loses money? Possibly the answer can be found in Relative Strength. The Luxy Sector & Industry RS Analyzer solves a critical problem that most traders overlook: picking strong stocks in strong sectors AND strong industries . It's not enough for a stock to go up - you want stocks that are crushing their competition at both the sector AND industry level. This indicator does the heavy lifting by automatically comparing your stock against its sector ETF, industry ETF, the broader market, sector leader, and industry leader, giving you a complete multi-level picture of relative performance. What makes this different? - Automatic sector AND industry detection - no manual setup required - Multi-level hierarchy analysis: Market → Sector → Industry → Stock - Multi-timeframe analysis (1 month to 1 year) in one glance - Industry ETF mapping (30+ industries covered) - Clear 0-100 scoring system with letter grades (A+ to F) - Works on stocks, crypto, forex, and commodities - Real-time updates with anti-repaint protection Think of it as your performance dashboard - instantly showing you if you're trading a champion or a laggard at every level of the market hierarchy. METHODOLOGY & ATTRIBUTION This indicator is based on classical Relative Strength (RS) analysis principles from technical analysis. RS methodology compares an asset's price performance against a benchmark to identify relative outperformance or underperformance. This concept has been used by professional traders and institutions for decades. Key Concepts Used: Relative Strength (RS) - Classical technical analysis concept measuring comparative performance Multi-Level Hierarchy Analysis - Market → Sector → Industry → Stock comparison Sector Rotation Analysis - Identifying which sectors are leading or lagging the market Industry Rotation Analysis - Identifying which industries are leading within their sectors Multi-period Performance Analysis - Evaluating strength across multiple timeframes Beta Calculation - Standard statistical measure of volatility relative to a benchmark DISCLAIMER: This indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Past performance does not guarantee future results. Trading involves risk and may not be suitable for all investors. Always do your own research and consult with a financial advisor before making investment decisions. with all rows visible - capture when stock has strong RS score (70+) so users can see what a "good" setup looks like] WHAT THE INDICATOR SHOWS 1. AUTOMATIC ASSET TYPE DETECTION The indicator automatically identifies what you're analyzing and adjusts accordingly: Stocks - Compares to sector ETF (XLK, XLF, XLV, etc.) and SPY Crypto - Compares to Total Crypto Market Cap and Bitcoin Forex - Compares to relevant currency index (DXY, EXY, etc.) Commodities - Compares to Gold (GLD) as benchmark Indices - Compares to broader market indices How it works: The indicator reads your chart's asset type and ticker, then automatically maps it to the correct sector or benchmark. For stocks, it uses intelligent sector detection (looking at the sector field) to match you with the right sector ETF. For example: - Technology stocks get compared to XLK (Technology Select Sector SPDR) - Financial stocks get compared to XLF (Financial Select Sector SPDR) - Healthcare stocks get compared to XLV (Health Care Select Sector SPDR) This happens instantly when you add the indicator to any chart - no configuration needed. 2. SECTOR & MARKET BENCHMARKS What is a Sector ETF? A sector ETF is an exchange-traded fund that tracks a specific industry group. For example, XLK contains all major technology companies. By comparing your stock to its sector ETF, you can see if your stock is outperforming or underperforming its peers. The indicator shows three key comparison points: Stock vs Sector (Benchmark) This tells you how your stock performs compared to companies in the same industry. Positive numbers mean your stock is beating the sector average. Negative numbers mean it's lagging behind. Stock vs Market (SPY) This shows performance against the broader S&P 500 index. This is important because even if a stock beats its sector, the entire sector might be weak. You want stocks that beat both their sector AND the market. Sector vs Market This reveals "sector rotation" - whether money is flowing into or out of this sector. When this number is positive, the whole sector is hot and leading the market. This is powerful because strong sectors tend to lift all boats, making it easier to find winners. 3. MULTI-PERIOD PERFORMANCE ANALYSIS The indicator calculates performance across four timeframes simultaneously: 1 Month (1M) - Recent short-term momentum 3 Months (3M) - Medium-term trend strength 6 Months (6M) - Longer-term positioning 1 Year (1Y) - Full-cycle performance view Why multiple periods matter: A stock might look great over 1 month but terrible over 6 months - that's a red flag. The best stocks show consistent strength across all timeframes . When you see positive RS (Relative Strength) values across all four periods, you've found a stock with sustained outperformance. Each row in the table shows: - Raw performance percentage for that period - RS value (the difference compared to benchmark) - Color coding: Green for positive, red for negative, white for neutral 4. SECTOR LEADER COMPARISON The indicator automatically identifies and compares your stock to the sector leader - the dominant stock in that industry. Sector leaders by industry: Technology: Apple (AAPL) Healthcare: UnitedHealth (UNH) Financial: JPMorgan Chase (JPM) Energy: ExxonMobil (XOM) Consumer Discretionary: Amazon (AMZN) Consumer Staples: Walmart (WMT) And more... Why this matters: Comparing to the leader shows you if you're trading a champion or a follower. If your stock consistently beats the sector leader, you've found something special. If it's lagging the leader, you might want to trade the leader instead. Optional Custom Leader: You can override the automatic leader and compare to any stock you choose. This is useful if you want to benchmark against a specific competitor or reference stock. NEW! INDUSTRY ANALYSIS (STOCKS ONLY) The indicator now provides multi-level analysis by automatically detecting and comparing your stock to its specific industry , not just the broad sector. Why Industry matters: Technology sector (XLK) contains many different industries: Software, Semiconductors, Hardware, etc. A software stock might beat the broad tech sector but lag behind other software companies. Industry analysis provides this granular view. Industry ETF Mapping (30+ industries): Software/Applications: IGV (iShares Software ETF) Semiconductors: SMH (VanEck Semiconductor ETF) Biotech: IBB (iShares Biotechnology ETF) Pharmaceuticals: XPH (SPDR Pharmaceuticals ETF) Banks: KBE (SPDR S&P Bank ETF) Regional Banks: KRE (SPDR Regional Banking ETF) Oil & Gas Exploration: XOP (SPDR Oil & Gas Exploration ETF) Homebuilders: XHB (SPDR Homebuilders ETF) Retail: XRT (SPDR S&P Retail ETF) Aerospace & Defense: ITA (iShares U.S. Aerospace & Defense ETF) And many more... Industry Leader Mapping: The indicator also identifies the leader within each industry: Software: Microsoft (MSFT) Semiconductors: NVIDIA (NVDA) Biotech: Amgen (AMGN) Pharmaceuticals: Eli Lilly (LLY) Banks: JPMorgan (JPM) Oil Exploration: ConocoPhillips (COP) And more... New Table Rows for Stocks: Industry ETF Performance - How the specific industry performed (green background) Industry Leader Performance - How the top stock in the industry performed vs Industry RS - Your stock's outperformance vs its industry ETF Industry vs Sector RS - Is this industry hot or cold within its sector? vs Industry Leader RS - Your stock's performance vs the industry's best Why this is powerful: A stock that beats both its sector AND its industry is showing strength at every level. This indicates true relative strength, not just riding sector-wide momentum. Optional Custom Industry: You can override automatic detection for both Industry ETF and Industry Leader in settings. 5. RS SCORE & GRADING SYSTEM (0-100) The heart of the indicator is the RS Score - a weighted calculation that distills all the performance data into one clear number from 0 to 100. How the score is calculated: FOR STOCKS (with Industry data): The indicator splits the weight between Sector (60%) and Industry (40%): SECTOR RS (60% of total weight): 1 Month RS: 24% weight (40% × 0.6) 3 Month RS: 18% weight (30% × 0.6) 6 Month RS: 12% weight (20% × 0.6) 1 Year RS: 6% weight (10% × 0.6) INDUSTRY RS (40% of total weight): 1 Month RS: 16% weight (40% × 0.4) 3 Month RS: 12% weight (30% × 0.4) 6 Month RS: 8% weight (20% × 0.4) 1 Year RS: 4% weight (10% × 0.4) FOR OTHER ASSETS (Crypto, Forex, Commodities): Uses full 100% weight on benchmark: 1 Month RS: 40% weight 3 Month RS: 30% weight 6 Month RS: 20% weight 1 Year RS: 10% weight It starts at 50 (neutral) and adds or subtracts points based on your asset's relative strength in each period. Bonus points: +5 points if the sector is outperforming the market (sector rotation is bullish) +5 points if the industry is outperforming its sector (hot industry) - STOCKS ONLY +5 points if RS momentum is improving (getting stronger over time) -5 points if RS momentum is declining (getting weaker) The final score is capped between 0-100. Letter Grade System: 90-100: A+ - Elite performer, crushing the sector 85-89: A - Excellent, strong outperformer 80-84: A- - Very good, above average 75-79: B+ - Good, solid performer 70-74: B - Above average, decent strength 65-69: B- - Slightly above average 60-64: C+ - Average, neutral strength 55-59: C - Below average 50-54: C- - Weak, slight underperformance 45-49: D+ - Concerning weakness 40-44: D - Poor, significant underperformance 0-39: F - Failing, avoid this stock What scores mean for trading: - RS Score above 70: Strong stocks worth considering for long positions - RS Score 50-70: Average stocks, better opportunities elsewhere - RS Score below 50: Weak stocks, avoid or consider for shorts 6. CONSISTENCY SCORE This metric shows what percentage of time periods show positive RS . For STOCKS (with Industry data): Counts both Sector RS periods AND Industry RS periods (up to 8 total periods): - If a stock beats both sector and industry in all 4 periods each: Consistency = 100% (8/8) - If it beats in 6 out of 8 total periods: Consistency = 75% - If it beats in 4 out of 8 total periods: Consistency = 50% For OTHER ASSETS: Counts benchmark periods only (4 total): - If it beats benchmark in all 4 periods (1M, 3M, 6M, 1Y): Consistency = 100% - If it beats in 3 out of 4 periods: Consistency = 75% - If it beats in 2 out of 4 periods: Consistency = 50% Why consistency matters: A high RS Score with low consistency might indicate a recent spike that could fade. The best stocks show both high RS Score AND high consistency - they're strong now AND have been strong historically at both the sector AND industry level. Look for stocks with: Consistency above 75%: Very reliable strength across all levels Consistency 50-75%: Decent but check other metrics Consistency below 50%: Weak or erratic, proceed with caution 7. BETA CALCULATION (Volatility Measure) Beta measures how much more volatile your stock is compared to its sector. Beta > 1.2 : High volatility - stock moves more aggressively than sector (marked as "High") Beta 0.8-1.2 : Normal volatility - moves roughly in line with sector Beta < 0.8 : Low volatility - stock is more stable than sector (marked as "Low") Formula used: Beta = Correlation(Stock, Sector) × (Standard Deviation of Stock / Standard Deviation of Sector) This uses a 20-period calculation for reliability. How to use Beta: - High Beta stocks offer bigger gains but also bigger risks - good for aggressive traders - Low Beta stocks are more defensive - good for conservative positions - Match Beta to your risk tolerance and strategy 8. DAYS ABOVE/BELOW SECTOR This tracks consecutive periods (bars) where your stock outperforms or underperforms its sector. Days Above Sector: Counts how many bars in a row your stock has beaten the sector. 10+ days: Strong sustained strength (shown in bright green) 5-9 days: Building momentum (shown in yellow) 1-4 days: Early strength (shown in white) 0 days: Not currently outperforming Days Below Sector: Counts how many bars in a row your stock has lagged the sector. 10+ days: Sustained weakness (shown in bright red) 5-9 days: Losing momentum (shown in orange) 1-4 days: Minor weakness (shown in white) 0 days: Not underperforming (this is good!) Why this matters: Long streaks show trend persistence. A stock with 15+ days above sector is riding strong momentum. A stock with 15+ days below sector is in a sustained downtrend relative to peers. 9. PRICE VS 52-WEEK HIGH Shows where current price sits relative to its 52-week high (or equivalent for your timeframe). 95%+ (green) : Stock is near all-time highs - strong positioning 80-94% (yellow) : Stock is in a pullback but still relatively strong Below 80% : Stock has pulled back significantly from highs Why this matters: The strongest stocks stay near their highs. When you see a stock with high RS Score AND price near 52W high, you've found a stock with institutional support and strong buying pressure. 10. RELATIVE VOLUME Compares current volume to the 20-period average volume. 1.5x+ (green) : High volume - significant interest and participation Around 1.0x : Average volume - normal trading activity Below 1.0x : Low volume - less interest or inactive period Why volume matters: High relative volume confirms price moves. When a stock makes a strong move on 2x or 3x normal volume, it's more likely to sustain. Low volume moves are often just noise. 11. AVERAGE RS STRENGTH This calculates the average absolute value of all RS readings across the four timeframes. It shows the magnitude of divergence from the sector, regardless of direction. A high number means the stock moves very differently from its sector (could be much stronger or much weaker). A low number means it tracks closely with the sector. High Average RS: Stock has strong character, moves independently Low Average RS: Stock follows sector closely, lacks individual strength 12. SECTOR ROTATION SIGNAL This indicator automatically detects when a sector is experiencing bullish rotation - meaning money is flowing into the sector and it's outperforming the broader market. Condition for bullish rotation: Sector must be beating SPY (market) in both 1-month AND 3-month periods. Why this matters: Stocks in hot sectors tend to perform better because they have tailwinds from sector-wide buying. When sector rotation is bullish and your stock has a high RS Score, you've found an ideal setup. The indicator adds +5 bonus points to the RS Score when sector rotation is bullish. 13. MOMENTUM DETECTION The indicator compares 1-month RS to 3-month RS to detect if momentum is improving or declining. RS Momentum Improving: 1M RS is better than 3M RS - stock is getting stronger (adds +5 to score) RS Momentum Declining: 1M RS is worse than 3M RS - stock is getting weaker (subtracts -5 from score) Why momentum matters: You want to catch stocks as momentum is building, not after it's already peaked. Improving momentum suggests the strength is accelerating, not fading. 14. OVERALL ASSESSMENT & RECOMMENDATION The indicator provides two quick summary rows: Overall Rating: Based on grade and RS Score, you get an instant quality rating: Strong Leader (A/A+) - Top tier stock, crushing it Above Average (A-/B+) - Solid performer, better than most Average (B/B-) - Middle of the pack Below Average (C/C+) - Struggling, watch carefully Underperformer (D/F) - Weak stock, underperforming badly Trading Signal: Combines multiple factors to give setup quality: STRONG BUY SETUP - RS Score 70+, Consistency 75+, AND sector rotation bullish. This is the perfect storm - strong stock, consistent strength, hot sector. BULLISH - RS Score 60+, Consistency 50+. Good quality stock worth considering. NEUTRAL - RS Score 50+. Okay but not exciting, better opportunities exist. WEAK - RS Score 40-49. Below average, risky. AVOID - RS Score below 40. Stay away, too weak. IMPORTANT: These are educational signals only, not financial advice. Always do your own analysis and risk management. KEY FEATURES 1. AUTOMATIC EVERYTHING - Auto-detects asset type (stock, crypto, forex, commodity, index) - Auto-maps stocks to correct sector ETF (11 sectors covered) - Auto-maps stocks to correct industry ETF (30+ industries covered) - Auto-identifies sector leader AND industry leader - Auto-selects appropriate market benchmark - Zero configuration required - just add to chart 2. MULTI-ASSET SUPPORT Works on all asset classes: US Stocks - Compares to sector ETFs (XLK, XLF, XLV, etc.) Crypto - Compares to Total Crypto Market Cap Forex - Compares to currency indices (DXY, EXY, etc.) Commodities - Compares to Gold (GLD) Indices - Compares to broader market benchmarks 3. FLEXIBLE DISPLAY 9 table positions (top/middle/bottom, left/center/right) 4 size options (tiny, small, normal, large) Show/hide table completely Real-time indicator toggle 4. TIMEFRAME FLEXIBILITY Choose your analysis timeframe: Chart Timeframe (default) - Uses whatever timeframe your chart is on Fixed: 1 Hour, 4 Hours, Daily, Weekly - Forces calculations to specific timeframe This means you can be on a 5-minute chart but analyze RS on Daily timeframe if you prefer. 5. RS SCORE FILTERING Set a minimum RS Score threshold to only see strong stocks: Set to 0 - Shows all stocks Set to 70 - Only displays stocks with RS Score 70+ (strong stocks only) Warning message displays if stock doesn't meet threshold Perfect for screening - quickly scan multiple charts and the indicator only shows tables for stocks that pass your quality filter. 6. CUSTOM LEADER COMPARISON Override automatic leader detection: Compare to any ticker you choose Benchmark against specific competitors Use your own reference stocks 7. COMPREHENSIVE TOOLTIPS Every input parameter and every table row has detailed tooltips explaining: What the metric measures How to interpret the values What thresholds indicate strength/weakness Why it matters for trading Hover over any element to learn - it's like having a trading coach built in. 8. SMART ALERTS Built-in alert system for key events: Divergence Alerts: Get notified when your stock diverges significantly from its sector. Bullish Divergence: Stock beating sector by threshold percentage Bearish Divergence: Stock losing to sector by threshold percentage Set your threshold (default 5%) - this determines how big a divergence triggers the alert. RS Score Alerts: Get notified when RS Score crosses your threshold: Crossed Above: RS Score went from below to above your threshold (bullish) Crossed Below: RS Score dropped from above to below threshold (bearish) Set your threshold (default 70) to focus on strong stocks. Sector Rotation Alert: Fires when sector shows bullish rotation (outperforming market). HOW TO USE THE INDICATOR FOR SWING TRADERS: 1. Add indicator to your watchlist stocks 2. Look for RS Score 70+ with Consistency 75%+ 3. Check if sector rotation is bullish (bonus!) 4. Verify price is near 52W high (95%+) 5. Wait for entry setup on your chart 6. Use stop loss below key support Example Setup: Stock shows: - RS Score: 82 (Grade: A-) - Consistency: 100% (strong across all periods) - Sector Rotation: Bullish - Price vs 52W High: 96% - Days Above Sector: 12 days - Relative Volume: 1.8x This is a textbook strong stock in a hot sector near highs - ideal for swing long. FOR POSITION TRADERS: 1. Focus on 6-month and 1-year RS values 2. Look for sustained outperformance (Consistency 75%+) 3. Prefer lower Beta stocks (less volatility) 4. Check Days Above Sector for trend persistence 5. Monitor RS Score monthly, exit if drops below 60 FOR ACTIVE TRADERS: 1. Use on intraday timeframes (1H or 4H) 2. Set RS Score filter to 60+ for quick screening 3. Enable Divergence Alerts 4. Watch for momentum improving signal 5. Higher Beta stocks offer more movement FOR SHORT SELLERS: 1. Look for RS Score below 40 (Grade: D or F) 2. Check for declining momentum 3. Verify Days Below Sector is increasing (10+) 4. Sector rotation should be bearish 5. Price should be well off 52W high WHAT MAKES A PERFECT SETUP: The holy grail combination: RS Score: 75+ (A- or better) Consistency: 80%+ (strong across time - beats sector AND industry) Sector Rotation: Bullish (hot sector) Industry vs Sector: Positive (hot industry within sector) Days Above Sector: 10+ (sustained strength) Momentum: Improving (getting stronger) Price vs 52W High: 90%+ (near highs) Relative Volume: 1.5x+ (volume confirmation) When you find this combination, you've located a stock with every advantage in its favor - strong at the stock level, industry level, AND sector level. That's multi-level confirmation of relative strength. IMPORTANT NOTES Data Reliability: All calculations use lookahead=off for anti-repaint protection Historical values will never change Real-time indicator toggle only affects the visual clock icon, not data reliability All security requests are properly configured to prevent future data leakage Sector Mapping Notes: Sector detection uses TradingView's sector field Some stocks may not have sector data - indicator will adapt Sector ETFs used: XLK, XLF, XLV, XLE, XLY, XLP, XLI, XLB, XLRE, XLU, XLC Major market ETFs (SPY, QQQ, DIA) are treated as market benchmarks, not stocks Multi-Asset Notes: Crypto compares to CRYPTOCAP:TOTAL (total crypto market cap) Forex compares to relevant currency index based on base currency Commodities compare to Gold (GLD) as primary commodity benchmark Custom leaders can be set for any asset type FREQUENTLY ASKED QUESTIONS Q: What does RS Score of 75 actually mean? A: It means your stock is strongly outperforming its sector across multiple timeframes. The score is weighted toward recent performance (1-month gets 40% weight), so 75 indicates sustained relative strength with emphasis on current momentum. Q: My stock has high RS Score but is going down. Why? A: RS Score measures relative performance (vs sector/market), not absolute price direction. A stock can fall 5% while its sector falls 10% - that's still positive relative strength. In bear markets or sector corrections, high RS stocks often fall less than peers. Q: Should I only trade stocks with RS Score above 70? A: For long positions, yes - focus on 70+ scores. These stocks have proven they can beat their sector. However, for pairs trading or relative value plays, you might also short stocks with scores below 40 while longing stocks above 70. Q: What if my stock doesn't have a sector? A: The indicator handles this gracefully. If no sector is detected, it will compare directly to the market (SPY for stocks). Some rows may show N/A, but the indicator will still provide useful market-relative data. Q: Why does the sector sometimes show N/A? A: This happens when: 1) Your asset has no sector classification, 2) The stock IS the sector ETF itself, 3) You're analyzing a non-stock asset (crypto, forex, commodity). The indicator adapts by focusing on market-relative metrics instead. Q: Can I use this on cryptocurrencies? A: Yes! The indicator automatically detects crypto and compares to the Total Crypto Market Cap (CRYPTOCAP:TOTAL). You can also set a custom leader like Bitcoin (BTCUSD) to compare against the dominant crypto. Q: What's the difference between RS Score and Consistency? A: RS Score is the weighted average of how much you're beating the sector (magnitude). Consistency is what percentage of time periods show outperformance (reliability). You want both high - that means strong AND consistent. Q: Do the alerts repaint? A: No. All alerts fire only on bar close (barstate.isconfirmed) and use properly configured data with lookahead=off. Once an alert fires, it's final and won't change. Q: What timeframe should I use? A: For swing trading: Daily or Weekly. For day trading: 1H or 4H. For position trading: Weekly. Use "Chart Timeframe" mode and switch your chart timeframe to change the analysis period easily. Q: Why is Days Above Sector showing 0? A: This means your stock is not currently outperforming its sector. If Days Below Sector is also 0, it means the RS is exactly neutral (very rare). Check the actual RS values to see current standing. Q: Can I compare to a different market benchmark than SPY? A: Currently the indicator uses SPY (S&P 500) as the default US stock market benchmark. For crypto it uses CRYPTOCAP:TOTAL, for forex it uses currency indices, etc. The benchmark auto-adjusts based on asset type. Q: What's a good Beta value? A: It depends on your strategy. Aggressive traders prefer Beta above 1.2 (more volatility = bigger moves). Conservative traders prefer Beta 0.8-1.0 (more stable). Beta is neutral - it's about matching your risk tolerance. Q: How often does the table update? A: With Real-time Indicator enabled: Every tick (constant updates). With it disabled: Only on bar close. Either way, the underlying data is identical and non-repainting - the toggle only affects update frequency and the clock icon display. Q: My stock is showing "AVOID" but it's up 50% this year. Is the indicator wrong? A: Not necessarily. The indicator measures RELATIVE performance. If your stock is up 50% but the sector is up 100%, your stock is actually underperforming by 50%. The indicator helps you identify when you should switch to stronger stocks in the same sector. Q: What does "Strong Buy Setup" really mean? A: It means three things aligned: 1) RS Score above 70 (strong stock), 2) Consistency above 75% (reliable strength), 3) Sector rotation is bullish (hot sector). This combination historically correlates with stocks that continue outperforming. However, this is NOT financial advice - always do your own analysis. Q: Can I use this for options trading? A: Yes! High RS Score stocks make good candidates for call options (bullish bets) while low RS Score stocks may work for puts (bearish bets). Higher Beta stocks will have more volatile options (higher premiums but more movement). Q: Why is my crypto showing N/A for sector? A: Cryptocurrencies don't have "sectors" like stocks do. Instead, the indicator compares crypto to the total crypto market cap. This is normal and expected behavior. Q: What happens if I'm analyzing an ETF? A: If you're analyzing a sector ETF (like XLK), it will compare to SPY (market). If you're analyzing SPY itself, some comparisons won't be available (can't compare SPY to itself). The indicator intelligently adapts to avoid circular comparisons. Q: What if my stock doesn't have industry data? A: Not all stocks are mapped to specific industries (only 30+ major industries are covered). If no industry is detected, the indicator will still work using only sector analysis. The RS Score calculation will use 100% sector weight instead of the 60%/40% split. Q: Why does Industry vs Sector matter? A: Industry vs Sector shows if your specific industry is hot or cold within its broader sector. For example, Semiconductors (SMH) might be outperforming Technology sector (XLK) even though both are up. This helps you find not just strong sectors, but the strongest industries within those sectors. Q: Can I disable Industry analysis? A: Yes! In the "Industry Analysis" settings group, you can toggle off "Show Industry Analysis in Table" to hide all industry rows. However, even when hidden, industry data still contributes to the RS Score calculation for stocks. Q: Why is my Consistency Score lower for stocks than other assets? A: For stocks with industry data, Consistency counts 8 periods (4 Sector + 4 Industry periods) instead of just 4. This means the bar is higher - your stock needs to beat both sector AND industry consistently. A stock that beats sector in all 4 periods but lags industry in 2 periods will show 75% consistency (6/8), not 100%. BEST PRACTICES Use as a screening tool - Set RS Score filter to 70+ and quickly scan your watchlist. Only strong stocks will show the table. Combine with technical analysis - RS Score tells you WHAT to trade, your chart tells you WHEN to enter. Check multiple timeframes - Switch between Daily and Weekly to see if strength holds across different time horizons. Monitor sector rotation - When sector goes from bearish to bullish rotation, it's often a great time to enter stocks in that sector. Watch Industry vs Sector - Stocks in hot industries within hot sectors have double tailwinds. Prioritize Industry vs Sector positive values. Pay attention to consistency - High RS Score with low consistency might be a spike that fades. Look for 70%+ consistency across BOTH sector and industry. Use the leader comparison - If your stock consistently beats both sector leader AND industry leader, you may have found the next champion. Watch days above/below sector - Long streaks (15+ days) indicate strong trends. Look for these in conjunction with high RS Score. Set alerts on key stocks - Enable RS Score alerts at 70 threshold to get notified when watchlist stocks become strong. Consider Beta for position sizing - Size smaller positions in high Beta stocks, larger in low Beta stocks for balanced risk. Exit when RS Score drops - If a stock's RS Score falls below 60, consider reducing or exiting - the strength may be fading. Leverage industry-level insight - If Industry ETF is weak but stock is strong, that's standout strength. If Industry is hot but stock is lagging, consider switching to the industry leader instead. SETTINGS EXPLAINED Display Settings: Show Performance Table - Master on/off switch for the table Table Position - 9 positions available (corners, edges, center) Table Size - 4 sizes (tiny, small, normal, large) for different screen sizes Timeframe Settings: Chart Timeframe (recommended) - Dynamic, uses whatever chart TF you're on Fixed Timeframes - Locks analysis to 1H, 4H, Daily, or Weekly regardless of chart Filtering Settings: Minimum RS Score - Set threshold (0-100) for displaying table Show Warning - When enabled, displays message if stock doesn't meet filter Alert Settings: Divergence Alerts - Enable alerts when stock diverges from sector Threshold (%) - How big a divergence triggers alert (default 5%) RS Score Alerts - Enable alerts when RS Score crosses threshold Threshold - What RS Score level triggers alert (default 70) Sector Analysis Settings: Use Custom Sector ETF - Override automatic sector ETF detection Sector ETF Symbol - Enter any sector ETF to compare against Use Custom Sector Leader - Override automatic sector leader detection Sector Leader Symbol - Enter any ticker as sector leader Industry Analysis Settings: Use Custom Industry ETF - Override automatic industry ETF detection Industry ETF Symbol - Enter specific industry ETF (e.g., IGV, SMH) Use Custom Industry Leader - Override automatic industry leader detection Industry Leader Symbol - Enter specific industry leader Show Industry Analysis - Toggle all industry rows on/off Display Settings: Show Real-time Indicator - Toggle clock icon in header (doesn't affect data) WHAT THIS INDICATOR DOESN'T DO To set proper expectations: Does NOT provide entry/exit signals - this is a strength analyzer, not a trading system Does NOT predict future price movement - shows current and historical relative strength Does NOT guarantee profits - strong RS stocks can still decline Does NOT replace your own analysis - use as one tool among many Does NOT work on stocks with no sector data - will adapt but some rows show N/A This indicator is a decision support tool . It helps you identify which stocks are showing relative strength so you can make more informed trading decisions. You still need your own entry strategy, risk management, and position sizing rules. SUPPORT & CONTACT Questions or feedback? Use the comments section below or send me a message. If you find this indicator useful, please give it a boost and share with other traders who might benefit from relative strength analysis. FINAL REMINDER This indicator is a tool for analyzing relative strength - it shows you which stocks are outperforming their sector and market. It does NOT provide financial advice or trade signals. Always conduct your own research, manage your risk appropriately, and consult with a financial advisor before making investment decisions. Past performance of relative strength does not guarantee future results. Strong stocks can become weak, and sectors rotate in and out of favor. Use this indicator as part of a comprehensive trading strategy, not as a standalone decision-making system. Trade smart, manage risk, and may your RS Scores stay high! If you got till here and you like my work a BOOST and a COMMENT would make me happy
Pine Script® indicator
by orenluxy
8
MSFusion- MultiScoreFusionThis Pine Script strategy, MSFusion - MultiScoreFusion, combines Ichimoku components and Hull Moving Average (HMA) signals to generate a composite score for each bar. It evaluates several conditions—such as price crossing above HMA55, Tenkan and Kijun lines, and price position relative to the Ichimoku cloud—and assigns scores to each. The script displays a label with the total score and a tooltip listing the contributing conditions when a strong bullish signal is detected. This approach helps traders quickly assess market momentum and trend strength using multiple technical criteria.
Pine Script® indicator
by anesboz3
Theil-Sen Line Filter [BackQuant]Theil-Sen Line Filter A robust, median-slope baseline that tracks price while resisting outliers. Designed for the chart pane as a clean, adaptive reference line with optional candle coloring and slope-flip alerts. What this is A trend filter that estimates the underlying slope of price using a Theil-Sen style median of past slopes, then advances a baseline by a controlled fraction of that slope each bar. The result is a smooth line that reacts to real directional change while staying calm through noise, gaps, and single-bar shocks. Why Theil-Sen Classical moving averages are sensitive to outliers and shape changes. Ordinary least squares is sensitive to large residuals. The Theil-Sen idea replaces a single fragile estimate with the median of many simple slopes, which is statistically robust and less influenced by a few extreme bars. That makes the baseline steadier in choppy conditions and cleaner around regime turns. What it plots Filtered baseline that advances by a fraction of the robust slope each bar. Optional candle coloring by baseline slope sign for quick trend read. Alerts when the baseline slope turns up or down. How it behaves (high level) Looks back over a fixed window and forms many “current vs past” bar-to-bar slopes. Takes the median of those slopes to get a robust estimate for the bar. Optionally caps the magnitude of that per-bar slope so a single volatile bar cannot yank the line. Moves the baseline forward by a user-controlled fraction of the estimated slope. Lower fractions are smoother. Higher fractions are more responsive. Inputs and what they do Price Source — the series the filter tracks. Typical is close; HL2 or HLC3 can be smoother. Window Length — how many bars to consider for slopes. Larger windows are steadier and slower. Smaller windows are quicker and noisier. Response — fraction of the estimated slope applied each bar. 1.00 follows the robust slope closely; values below 1.00 dampen moves. Slope Cap Mode — optional guardrail on each bar’s slope: None — no cap. ATR — cap scales with recent true range. Percent — cap scales with price level. Points — fixed absolute cap in price points. ATR Length / Mult, Cap Percent, Cap Points — tune the chosen cap mode’s size. UI Settings — show or hide the line, paint candles by slope, choose long and short colors. How to read it Up-slope baseline and green candles indicate a rising robust trend. Pullbacks that do not flip the slope often resolve in trend direction. Down-slope baseline and red candles indicate a falling robust trend. Bounces against the slope are lower-probability until proven otherwise. Flat or frequent flips suggest a range. Increase window length or decrease response if you want fewer whipsaws in sideways markets. Use cases Bias filter — only take longs when slope is up, shorts when slope is down. It is a simple way to gate faster setups. Stop or trail reference — use the line as a trailing guide. If price closes beyond the line and the slope flips, consider reducing exposure. Regime detector — widen the window on higher timeframes to define major up vs down regimes for asset rotation or risk toggles. Noise control — enable a cap mode in very volatile symbols to retain the line’s continuity through event bars. Tuning guidance Quick swing trading — shorter window, higher response, optionally add a percent cap to keep it stable on large moves. Position trading — longer window, moderate response. ATR cap tends to scale well across cycles. Low-liquidity or gappy charts — prefer longer window and a points or ATR cap. That reduces jumpiness around discontinuities. Alerts included Theil-Sen Up Slope — baseline’s one-bar change crosses above zero. Theil-Sen Down Slope — baseline’s one-bar change crosses below zero. Strengths Robust to outliers through median-based slope estimation. Continuously advances with price rather than re-anchoring, which reduces lag at turns. User-selectable slope caps to tame shock bars without over-smoothing everything. Minimal visuals with optional candle painting for fast regime recognition. Notes This is a filter, not a trading system. It does not account for execution, spreads, or gaps. Pair it with entry logic, risk management, and higher-timeframe context if you plan to use it for decisions.
Pine Script® indicator
by BackQuant
MERV: Market Entropy & Rhythm Visualizer [BullByte]The MERV (Market Entropy & Rhythm Visualizer) indicator analyzes market conditions by measuring entropy (randomness vs. trend), tradeability (volatility/momentum), and cyclical rhythm. It provides traders with an easy-to-read dashboard and oscillator to understand when markets are structured or choppy, and when trading conditions are optimal. Purpose of the Indicator MERV’s goal is to help traders identify different market regimes. It quantifies how structured or random recent price action is (entropy), how strong and volatile the movement is (tradeability), and whether a repeating cycle exists. By visualizing these together, MERV highlights trending vs. choppy environments and flags when conditions are favorable for entering trades. For example, a low entropy value means prices are following a clear trend line, whereas high entropy indicates a lot of noise or sideways action. The indicator’s combination of measures is original: it fuses statistical trend-fit (entropy), volatility trends (ATR and slope), and cycle analysis to give a comprehensive view of market behavior. Why a Trader Should Use It Traders often need to know when a market trend is reliable vs. when it is just noise. MERV helps in several ways: it shows when the market has a strong direction (low entropy, high tradeability) and when it’s ranging (high entropy). This can prevent entering trend-following strategies during choppy periods, or help catch breakouts early. The “Optimal Regime” marker (a star) highlights moments when entropy is very low and tradeability is very high, typically the best conditions for trend trades. By using MERV, a trader gains an empirical “go/no-go” signal based on price history, rather than guessing from price alone. It’s also adaptable: you can apply it to stocks, forex, crypto, etc., on any timeframe. For example, during a bullish phase of a stock, MERV will turn green (Trending Mode) and often show a star, signaling good follow-through. If the market later grinds sideways, MERV will shift to magenta (Choppy Mode), warning you that trend-following is now risky. Why These Components Were Chosen Market Entropy (via R²) : This measures how well recent prices fit a straight line. We compute a linear regression on the last len_entropy bars and calculate R². Entropy = 1 - R², so entropy is low when prices follow a trend (R² near 1) and high when price action is erratic (R² near 0). This single number captures trend strength vs noise. Tradeability (ATR + Slope) : We combine two familiar measures: the Average True Range (ATR) (normalized by price) and the absolute slope of the regression line (scaled by ATR). Together they reflect how active and directional the market is. A high ATR or strong slope means big moves, making a trend more “tradeable.” We take a simple average of the normalized ATR and slope to get tradeability_raw. Then we convert it to a percentile rank over the lookback window so it’s stable between 0 and 1. Percentile Ranks : To make entropy and tradeability values easy to interpret, we convert each to a 0–100 rank based on the past len_entropy periods. This turns raw metrics into a consistent scale. (For example, an entropy rank of 90 means current entropy is higher than 90% of recent values.) We then divide by 100 to plot them on a 0–1 scale. Market Mode (Regime) : Based on those ranks, MERV classifies the market: Trending (Green) : Low entropy rank (<40%) and high tradeability rank (>60%). This means the market is structurally trending with high activity. Choppy (Magenta) : High entropy rank (>60%) and low tradeability rank (<40%). This is a mostly random, low-momentum market. Neutral (Cyan) : All other cases. This covers mixed regimes not strongly trending or choppy. The mode is shown as a colored bar at the bottom: green for trending, magenta for choppy, cyan for neutral. Optimal Regime Signal : Separately, we mark an “optimal” condition when entropy_norm < 0.3 and tradeability > 0.7 (both normalized 0–1). When this is true, a ★ star appears on the bottom line. This star is colored white when truly optimal, gold when only tradeability is high (but entropy not quite low enough), and black when neither condition holds. This gives a quick visual cue for very favorable conditions. What Makes MERV Stand Out Holistic View : Unlike a single-oscillator, MERV combines trend, volatility, and cycle analysis in one tool. This multi-faceted approach is unique. Visual Dashboard : The fixed on-chart dashboard (shown at your chosen corner) summarizes all metrics in bar/gauge form. Even a non-technical user can glance at it: more “█” blocks = a higher value, colors match the plots. This is more intuitive than raw numbers. Adaptive Thresholds : Using percentile ranks means MERV auto-adjusts to each market’s character, rather than requiring fixed thresholds. Cycle Insight : The rhythm plot adds information rarely found in indicators – it shows if there’s a repeating cycle (and its period in bars) and how strong it is. This can hint at natural bounce or reversal intervals. Modern Look : The neon color scheme and glow effects make the lines easy to distinguish (blue/pink for entropy, green/orange for tradeability, etc.) and the filled area between them highlights when one dominates the other. Recommended Timeframes MERV can be applied to any timeframe, but it will be more reliable on higher timeframes. The default len_entropy = 50 and len_rhythm = 30 mean we use 30–50 bars of history, so on a daily chart that’s ~2–3 months of data; on a 1-hour chart it’s about 2–3 days. In practice: Swing/Position traders might prefer Daily or 4H charts, where the calculations smooth out small noise. Entropy and cycles are more meaningful on longer trends. Day trader s could use 15m or 1H charts if they adjust the inputs (e.g. shorter windows). This provides more sensitivity to intraday cycles. Scalpers might find MERV too “slow” unless input lengths are set very low. In summary, the indicator works anywhere, but the defaults are tuned for capturing medium-term trends. Users can adjust len_entropy and len_rhythm to match their chart’s volatility. The dashboard position can also be moved (top-left, bottom-right, etc.) so it doesn’t cover important chart areas. How the Scoring/Logic Works (Step-by-Step) Compute Entropy : A linear regression line is fit to the last len_entropy closes. We compute R² (goodness of fit). Entropy = 1 – R². So a strong straight-line trend gives low entropy; a flat/noisy set of points gives high entropy. Compute Tradeability : We get ATR over len_entropy bars, normalize it by price (so it’s a fraction of price). We also calculate the regression slope (difference between the predicted close and last close). We scale |slope| by ATR to get a dimensionless measure. We average these (ATR% and slope%) to get tradeability_raw. This represents how big and directional price moves are. Convert to Percentiles : Each new entropy and tradeability value is inserted into a rolling array of the last 50 values. We then compute the percentile rank of the current value in that array (0–100%) using a simple loop. This tells us where the current bar stands relative to history. We then divide by 100 to plot on . Determine Modes and Signal : Based on these normalized metrics: if entropy < 0.4 and tradeability > 0.6 (40% and 60% thresholds), we set mode = Trending (1). If entropy > 0.6 and tradeability < 0.4, mode = Choppy (-1). Otherwise mode = Neutral (0). Separately, if entropy_norm < 0.3 and tradeability > 0.7, we set an optimal flag. These conditions trigger the colored mode bars and the star line. Rhythm Detection : Every bar, if we have enough data, we take the last len_rhythm closes and compute the mean and standard deviation. Then for lags from 5 up to len_rhythm, we calculate a normalized autocorrelation coefficient. We track the lag that gives the maximum correlation (best match). This “best lag” divided by len_rhythm is plotted (a value between 0 and 1). Its color changes with the correlation strength. We also smooth the best correlation value over 5 bars to plot as “Cycle Strength” (also 0 to 1). This shows if there is a consistent cycle length in recent price action. Heatmap (Optional) : The background color behind the oscillator panel can change with entropy. If “Neon Rainbow” style is on, low entropy is blue and high entropy is pink (via a custom color function), otherwise a classic green-to-red gradient can be used. This visually reinforces the entropy value. Volume Regime (Dashboard Only) : We compute vol_norm = volume / sma(volume, len_entropy). If this is above 1.5, it’s considered high volume (neon orange); below 0.7 is low (blue); otherwise normal (green). The dashboard shows this as a bar gauge and percentage. This is for context only. Oscillator Plot – How to Read It The main panel (oscillator) has multiple colored lines on a 0–1 vertical scale, with horizontal markers at 0.2 (Low), 0.5 (Mid), and 0.8 (High). Here’s each element: Entropy Line (Blue→Pink) : This line (and its glow) shows normalized entropy (0 = very low, 1 = very high). It is blue/green when entropy is low (strong trend) and pink/purple when entropy is high (choppy). A value near 0.0 (below 0.2 line) indicates a very well-defined trend. A value near 1.0 (above 0.8 line) means the market is very random. Watch for it dipping near 0: that suggests a strong trend has formed. Tradeability Line (Green→Yellow) : This represents normalized tradeability. It is colored bright green when tradeability is low, transitioning to yellow as tradeability increases. Higher values (approaching 1) mean big moves and strong slopes. Typically in a market rally or crash, this line will rise. A crossing above ~0.7 often coincides with good trend strength. Filled Area (Orange Shade) : The orange-ish fill between the entropy and tradeability lines highlights when one dominates the other. If the area is large, the two metrics diverge; if small, they are similar. This is mostly aesthetic but can catch the eye when the lines cross over or remain close. Rhythm (Cycle) Line : This is plotted as (best_lag / len_rhythm). It indicates the relative period of the strongest cycle. For example, a value of 0.5 means the strongest cycle was about half the window length. The line’s color (green, orange, or pink) reflects how strong that cycle is (green = strong). If no clear cycle is found, this line may be flat or near zero. Cycle Strength Line : Plotted on the same scale, this shows the autocorrelation strength (0–1). A high value (e.g. above 0.7, shown in green) means the cycle is very pronounced. Low values (pink) mean any cycle is weak and unreliable. Mode Bars (Bottom) : Below the main oscillator, thick colored bars appear: a green bar means Trending Mode, magenta means Choppy Mode, and cyan means Neutral. These bars all have a fixed height (–0.1) and make it very easy to see the current regime. Optimal Regime Line (Bottom) : Just below the mode bars is a thick horizontal line at –0.18. Its color indicates regime quality: White (★) means “Optimal Regime” (very low entropy and high tradeability). Gold (★) means not quite optimal (high tradeability but entropy not low enough). Black means neither condition. This star line quickly tells you when conditions are ideal (white star) or simply good (gold star). Horizontal Guides : The dotted lines at 0.2 (Low), 0.5 (Mid), and 0.8 (High) serve as reference lines. For example, an entropy or tradeability reading above 0.8 is “High,” and below 0.2 is “Low,” as labeled on the chart. These help you gauge values at a glance. Dashboard (Fixed Corner Panel) MERV also includes a compact table (dashboard) that can be positioned in any corner. It summarizes key values each bar. Here is how to read its rows: Entropy : Shows a bar of blocks (█ and ░). More █ blocks = higher entropy. It also gives a percentage (rounded). A full bar (10 blocks) with a high % means very chaotic market. The text is colored similarly (blue-green for low, pink for high). Rhythm : Shows the best cycle period in bars (e.g. “15 bars”). If no calculation yet, it shows “n/a.” The text color matches the rhythm line. Cycle Strength : Gives the cycle correlation as a percentage (smoothed, as shown on chart). Higher % (green) means a strong cycle. Tradeability : Displays a 10-block gauge for tradeability. More blocks = more tradeable market. It also shows “gauge” text colored green→yellow accordingly. Market Mode : Simply shows “Trending”, “Choppy”, or “Neutral” (cyan text) to match the mode bar color. Volume Regime : Similar to tradeability, shows blocks for current volume vs. average. Above-average volume gives orange blocks, below-average gives blue blocks. A % value indicates current volume relative to average. This row helps see if volume is abnormally high or low. Optimal Status (Large Row) : In bold, either “★ Optimal Regime” (white text) if the star condition is met, “★ High Tradeability” (gold text) if tradeability alone is high, or “— Not Optimal” (gray text) otherwise. This large row catches your eye when conditions are ripe. In short, the dashboard turns the numeric state into an easy read: filled bars, colors, and text let you see current conditions without reading the plot. For instance, five blue blocks under Entropy and “25%” tells you entropy is low (good), and a row showing “Trending” in green confirms a trend state. Real-Life Example Example : Consider a daily chart of a trending stock (e.g. “AAPL, 1D”). During a strong uptrend, recent prices fit a clear upward line, so Entropy would be low (blue line near bottom, perhaps below the 0.2 line). Volatility and slope are high, so Tradeability is high (green-yellow line near top). In the dashboard, Entropy might show only 1–2 blocks (e.g. 10%) and Tradeability nearly full (e.g. 90%). The Market Mode bar turns green (Trending), and you might see a white ★ on the optimal line if conditions are very good. The Volume row might light orange if volume is above average during the rally. In contrast, imagine the same stock later in a tight range: Entropy will rise (pink line up, more blocks in dashboard), Tradeability falls (fewer blocks), and the Mode bar turns magenta (Choppy). No star appears in that case. Consolidated Use Case : Suppose on XYZ stock the dashboard reads “Entropy: █░░░░░░░░ 20%”, “Tradeability: ██████████ 80%”, Mode = Trending (green), and “★ Optimal Regime.” This tells the trader that the market is in a strong, low-noise trend, and it might be a good time to follow the trend (with appropriate risk controls). If instead it reads “Entropy: ████████░░ 80%”, “Tradeability: ███▒▒▒▒▒▒ 30%”, Mode = Choppy (magenta), the trader knows the market is random and low-momentum—likely best to sit out until conditions improve. Example: How It Looks in Action Screenshot 1: Trending Market with High Tradeability (SOLUSD, 30m) What it means: The market is in a clear, strong trend with excellent conditions for trading. Both trend-following and active strategies are favored, supported by high tradeability and strong volume. Screenshot 2: Optimal Regime, Strong Trend (ETHUSD, 1h) What it means: This is an ideal environment for trend trading. The market is highly organized, tradeability is excellent, and volume supports the move. This is when the indicator signals the highest probability for success. Screenshot 3: Choppy Market with High Volume (BTC Perpetual, 5m) What it means: The market is highly random and choppy, despite a surge in volume. This is a high-risk, low-reward environment, avoid trend strategies, and be cautious even with mean-reversion or scalping. Settings and Inputs The script is fully open-source; here are key inputs the user can adjust: Entropy Window (len_entropy) : Number of bars used for entropy and tradeability (default 50). Larger = smoother, more lag; smaller = more sensitivity. Rhythm Window (len_rhythm ): Bars used for cycle detection (default 30). This limits the longest cycle we detect. Dashboard Position : Choose any corner (Top Right default) so it doesn’t cover chart action. Show Heatmap : Toggles the entropy background coloring on/off. Heatmap Style : “Neon Rainbow” (colorful) or “Classic” (green→red). Show Mode Bar : Turn the bottom mode bar on/off. Show Dashboard : Turn the fixed table panel on/off. Each setting has a tooltip explaining its effect. In the description we will mention typical settings (e.g. default window sizes) and that the user can move the dashboard corner as desired. Oscillator Interpretation (Recap) Lines : Blue/Pink = Entropy (low=trend, high=chop); Green/Yellow = Tradeability (low=quiet, high=volatile). Fill : Orange tinted area between them (for visual emphasis). Bars : Green=Trending, Magenta=Choppy, Cyan=Neutral (at bottom). Star Line : White star = ideal conditions, Gold = good but not ideal. Horizontal Guides : 0.2 and 0.8 lines mark low/high thresholds for each metric. Using the chart, a coder or trader can see exactly what each output represents and make decisions accordingly. Disclaimer This indicator is provided as-is for educational and analytical purposes only. It does not guarantee any particular trading outcome. Past market patterns may not repeat in the future. Users should apply their own judgment and risk management; do not rely solely on this tool for trading decisions. Remember, TradingView scripts are tools for market analysis, not personalized financial advice. We encourage users to test and combine MERV with other analysis and to trade responsibly. -BullByte
Pine Script® indicator
by BullByte
6
Candle close on high time frameOVERVIEW This indicator plots persistent closing levels of higher time frame candles (H1, H4, and Daily) on the active intraday chart in real time. Unlike similar tools, it offers granular control over line projection length, fully independent toggles per timeframe, and a built-in mechanism that automatically limits the total number of historical levels to avoid chart clutter and performance issues. CONCEPTS Key levels from higher time frames often act as areas where price reacts or consolidates. By projecting each candle's exact closing price forward as a horizontal reference, traders can quickly identify dynamic support and resistance zones relevant to the current price action. This indicator enables seamless multi-timeframe analysis without the need to manually switch chart intervals or re-draw lines. FEATURES Independent Time Frame Selection: Enable or disable H1, H4, and Daily levels individually to tailor the analysis. Custom Extension Length: Each timeframe's closing level can be projected forward for a user-defined number of bars. Performance Optimization: The script maintains an internal limit (default: 100) on the number of active lines. When this threshold is exceeded, the oldest lines are removed automatically. Visual Differentiation: Colors for each timeframe are fully customizable, enabling immediate recognition of level origin. Immediate Update: New levels appear as soon as a higher timeframe candle closes, ensuring real-time reference. USAGE From the indicator inputs, select which timeframes you want to track. Adjust the extension lengths to fit your trading style and time horizon. Customize the line colors for clarity and personal preference. Use these projected levels as part of your confluence criteria for entries, exits, or stop placement. Combine with trend indicators or price action tools to enhance your multi-timeframe strategy. ORIGINALITY AND ADDED VALUE While similar scripts exist that plot higher timeframe levels, this implementation differs in: Its efficient automatic cleanup of old lines to preserve chart performance. The independent extension and color settings per timeframe. Immediate reaction to new candle closes without repainting. Simplicity of use combined with precise customization. This combination makes it a practical and flexible tool for traders who rely on clear HTF level visualization without manual drawing or the limitations of built-in TradingView tools. LICENSE This script is published open-source under the Mozilla Public License 2.0.
Pine Script® indicator
by Fussion_Trader
Triad Macro Gauge__________________________________________________________________________________ Introduction __________________________________________________________________________________ The Triad Macro Gauge (TMG) is designed to provide traders with a comprehensive view of the macroeconomic environment impacting financial markets. By synthesizing three critical market signals— VIX (volatility) , Credit Spreads (credit risk) , and the Stocks/Bonds Ratio (SPY/TLT) —this indicator offers a probabilistic assessment of market sentiment, helping traders identify bullish or bearish macro conditions. Holistic Macro Analysis: Combines three distinct macroeconomic indicators for multi-dimensional insights. Customization & Flexibility: Adjust weights, thresholds, lookback periods, and visualization styles. Visual Clarity: Dynamic table, color-coded plots, and anomaly markers for quick interpretation. Fully Consistent Scores: Identical values across all timeframes (4H, daily, weekly). Actionable Signals: Clear bull/bear thresholds and volatility spike detection. Optimized for timeframes ranging from 4 hour to 1 week , the TMG equips swing traders and long-term investors with a robust tool to navigate macroeconomic trends. __________________________________________________________________________________ Key Indicators __________________________________________________________________________________ VIX (CBOE:VIX): Measures market volatility (negatively weighted for bearish signals). Credit Spreads (FRED:BAMLH0A0HYM2EY): Tracks high-yield bond spreads (negatively weighted). Stocks/Bonds Ratio (SPY/TLT): Evaluates equity sentiment relative to treasuries (positively weighted). __________________________________________________________________________________ Originality and Purpose __________________________________________________________________________________ The TMG stands out by combining VIX, Credit Spreads, and SPY/TLT into a single, cohesive indicator. Its unique strength lies in its fully consistent scores across all timeframes, a critical feature for multi-timeframe analysis. Purpose: To empower traders with a clear, actionable tool to: Assess macro conditions Spot market extremes Anticipate reversals __________________________________________________________________________________ How It Works __________________________________________________________________________________ VIX Z-Score: Measures volatility deviations (inverted for bearish signals). Credit Z-Score: Tracks credit spread deviations (inverted for bearish signals). Ratio Z-Score: Assesses SPY/TLT strength (positively weighted for bullish signals). TMG Score: Weighted composite of z-scores (bullish > +0.30, bearish < -0.30). Anomaly Detection: Identifies extreme volatility spikes (z-score > 3.0). All calculations are performed using daily data, ensuring that scores remain consistent across all chart timeframes. __________________________________________________________________________________ Visualization & Interpretation __________________________________________________________________________________ The script visualizes data through: A dynamic table displaying TMG Score , VIX Z, Credit Z, Ratio Z, and Anomaly status, with color gradients (green for positive, red for negative, gray for neutral/N/A). A plotted TMG Score in Area, Histogram, or Line mode , with adaptive opacity for clarity. Bull/Bear thresholds as horizontal lines (+0.30/-0.30) to signal market conditions. Anomaly markers (orange circles) for volatility spikes. Crossover signals (triangles) for bull/bear threshold crossings. The table provides an immediate snapshot of macro conditions, while the plot offers a visual trend analysis. All values are consistent across timeframes, simplifying multi-timeframe analysis. __________________________________________________________________________________ Script Parameters __________________________________________________________________________________ Extensive customization options: Symbol Selection: Customize VIX, Credit Spreads, SPY, TLT symbols Core Parameters: Adjust lookback periods, weights, smoothing Anomaly Detection: Enable/disable with custom thresholds Visual Style: Choose display modes and colors __________________________________________________________________________________ Conclusion __________________________________________________________________________________ The Triad Macro Gauge by Ox_kali is a cutting-edge tool for analyzing macroeconomic trends. By integrating VIX, Credit Spreads, and SPY/TLT, TMG provides traders with a clear, consistent, and actionable gauge of market sentiment. Recommended for: Swing traders and long-term investors seeking to navigate macro-driven markets. __________________________________________________________________________________ Credit & Inspiration __________________________________________________________________________________ Special thanks to Caleb Franzen for his pioneering work on macroeconomic indicator blends – his research directly inspired the core framework of this tool. __________________________________________________________________________________ Notes & Disclaimer __________________________________________________________________________________ This is the initial public release (v2.5.9). Future updates may include additional features based on user feedback. Please note that the Triad Macro Gauge is not a guarantee of future market performance and should be used with proper risk management. Past performance is not indicative of future results.
Pine Script® indicator
by Ox_kali
Moving Average Shift WaveTrend StrategyMoving Average Shift WaveTrend Strategy 🧭 Overview The Moving Average Shift WaveTrend Strategy is a trend-following and momentum-based trading system designed to be overlayed on TradingView charts. It executes trades based on the confluence of multiple technical conditions—volatility, session timing, trend direction, and oscillator momentum—to deliver logical and systematic trade entries and exits. 🎯 Strategy Objectives Enter trades aligned with the prevailing long-term trend Exit trades on confirmed momentum reversals Avoid false signals using session timing and volatility filters Apply structured risk management with automatic TP, SL, and trailing stops ⚙️ Key Features Selectable MA types: SMA, EMA, SMMA (RMA), WMA, VWMA Dual-filter logic using a custom oscillator and moving averages Session and volatility filters to eliminate low-quality setups Trailing stop, configurable Take Profit / Stop Loss logic “In-wave flag” prevents overtrading within the same trend wave Visual clarity with color-shifting candles and entry/exit markers 📈 Trading Rules ✅ Long Entry Conditions: Price is above the selected MA Oscillator is positive and rising 200-period EMA indicates an uptrend ATR exceeds its median value (sufficient volatility) Entry occurs between 09:00–17:00 (exchange time) Not currently in an active wave 🔻 Short Entry Conditions: Price is below the selected MA Oscillator is negative and falling 200-period EMA indicates a downtrend All other long-entry conditions are inverted ❌ Exit Conditions: Take Profit or Stop Loss is hit Opposing signals from oscillator and MA Trailing stop is triggered 🛡️ Risk Management Parameters Pair: ETH/USD Timeframe: 4H Starting Capital: $3,000 Commission: 0.02% Slippage: 2 pips Risk per Trade: 2% of account equity (adjustable) Total Trades: 224 Backtest Period: May 24, 2016 — April 7, 2025 Note: Risk parameters are fully customizable to suit your trading style and broker conditions. 🔧 Trading Parameters & Filters Time Filter: Trades allowed only between 09:00–17:00 (exchange time) Volatility Filter: ATR must be above its median value Trend Filter: Long-term 200-period EMA 📊 Technical Settings Moving Average Type: SMA Length: 40 Source: hl2 Oscillator Length: 15 Threshold: 0.5 Risk Management Take Profit: 1.5% Stop Loss: 1.0% Trailing Stop: 1.0% 👁️ Visual Support MA and oscillator color changes indicate directional bias Clear chart markers show entry and exit points Trailing stops and risk controls are transparently managed 🚀 Strategy Improvements & Uniqueness In-wave flag avoids repeated entries within the same trend phase Filtering based on time, volatility, and trend ensures higher-quality trades Dynamic high/low tracking allows precise trailing stop placement Fully rule-based execution reduces emotional decision-making 💡 Inspirations & Attribution This strategy is inspired by the excellent concept from: ChartPrime – “Moving Average Shift” It expands on the original idea with advanced trade filters and trailing logic. Source reference: 📌 Summary The Moving Average Shift WaveTrend Strategy offers a rule-based, reliable approach to trend trading. By combining trend and momentum filters with robust risk controls, it provides a consistent framework suitable for various market conditions and trading styles. ⚠️ Disclaimer This script is for educational purposes only. Trading involves risk. Always use proper backtesting and risk evaluation before applying in live markets.
Pine Script® strategy
by PakunFX
DSL Trend Analysis [ChartPrime]The DSL Trend Analysis indicator utilizes Discontinued Signal Lines (DSL) deployed directly on price, combined with dynamic bands, to analyze the trend strength and momentum of price movements. By tracking the high and low price values and comparing them to the DSL bands, it provides a visual representation of trend momentum, highlighting both strong and weakening phases of market direction. ⯁ KEY FEATURES AND HOW TO USE ⯌ DSL-Based Trend Detection : This indicator uses Discontinued Signal Lines (DSL) to evaluate price action. When the high stays above the upper DSL band, the line turns lime, indicating strong upward momentum. Similarly, when the low stays below the lower DSL band, the line turns orange, indicating strong downward momentum. Traders can use these visual signals to identify strong trends in either direction. ⯌ Bands for Trend Momentum : The indicator plots dynamic bands around the DSL lines based on ATR (Average True Range). These bands provide a range within which price can fluctuate, helping to distinguish between strong and weakening trends. If the high remains within the upper band, the lime-colored line becomes transparent, showing weakening upward momentum. The same concept applies for the lower band, where the line turns orange with transparency, indicating weakening downward momentum. If high and low stays between bands line has no color to make sure indicator catches only strong momentum of price ⯌ Real-Time Band Price Labels : The indicator places two labels on the chart, one at the upper DSL band and one at the lower DSL band, displaying the real-time price values of these bands. These labels help traders track the current price relative to the key bands, which are essential in determining potential breakout or reversal zones. ⯌ Visual Confirmation of Momentum Shifts : By monitoring the relationship between the high and low values of the price relative to the DSL bands, this indicator provides a reliable way to confirm whether the trend is gaining or losing strength. This allows traders to act accordingly, whether it's to enter or exit positions based on trend strength or weakness. ⯁ USER INPUTS Length : Defines the period used to calculate the DSL lines, influencing the sensitivity of the trend detection. Offset : Adjusts the offset applied to the upper and lower DSL bands, affecting how the thresholds for strong or weak momentum are set. Width (ATR Multiplier) : Determines the width of the DSL bands based on an ATR multiplier, providing a dynamic range around the price for momentum analysis. ⯁ CONCLUSION The DSL Trend Analysis indicator is a powerful tool for assessing price momentum and trend strength. By combining Discontinued Signal Lines with dynamically calculated bands, traders can easily spot key moments when momentum shifts from strong to weak or vice versa. The color-coded lines and real-time price labels provide valuable insights for trading decisions in both trending and ranging markets.
Pine Script® indicator
by ChartPrime
9
Crab Harmonic Pattern [TradingFinder] Harmonic Chart patterns🔵 Introduction The Crab pattern is recognized as a reversal pattern in technical analysis, utilizing Fibonacci numbers and percentages for chart analysis. This pattern can predict suitable price reversal areas on charts using Fibonacci ratios. The structure of the Crab pattern can manifest in both bullish and bearish forms on the chart. By analyzing this structure, traders can identify points where the price direction changes, which are essential for making informed trading decisions. The pattern's structure is visually represented on charts as shown below. To gain a deeper understanding of the Crab pattern's functionality, it is beneficial to become familiar with its various harmonic forms. 🟣 Types of Crab Patterns The Crab pattern is categorized into two types based on its structure: bullish and bearish. The bullish Crab is denoted by the letter M, while the bearish Crab is indicated by the letter W in technical analysis. Typically, a bullish Crab pattern signals a potential price increase, whereas a bearish Crab pattern suggests a potential price decrease on the chart. The direction of price movement depends significantly on the price's position within the chart. By identifying whether the pattern is bullish or bearish, traders can determine the likely direction of the price reversal. Bullish Crab : Bearish Crab : 🔵 How to Use When trading using the Crab pattern, crucial parameters include the end time of the correction and the point at which the chart reaches its peak. Generally, the best time to buy is when the chart nears the end of its correction, and the best time to sell is when it approaches the peak price. As we discussed, the end of the price correction and the time to reach the peak are measured using Fibonacci ratios. By analyzing these levels, traders can estimate the end of the correction in the chart waves and select a buying position for their stock or asset upon reaching that ratio. 🟣 Bullish Crab Pattern In this pattern, the stock price is expected to rise at the pattern's completion, transitioning into an upward trend. The bullish Crab pattern usually begins with an upward trend, followed by a price correction, after which the stock resumes its upward movement. If a deeper correction occurs, the price will change direction at some point on the chart and rise again towards its target price. Price corrections play a critical role in this pattern, as it aims to identify entry and exit points using Fibonacci ratios, allowing traders to make purchases at the end of the corrections. When the price movement lines are connected on the chart, the bullish Crab pattern resembles the letter M. 🟣 Bearish Crab Pattern In this pattern, the stock price is expected to decline at the pattern's completion, leading to a strong downward trend. The bearish Crab pattern typically starts with a price correction in a downward trend and, after several fluctuations, reaches a peak where the direction changes downward, resulting in a significant price drop. This pattern uses Fibonacci ratios to identify points where the price movement is likely to change direction, enabling traders to exit their positions at the chart's peak. When the price movement lines are connected on the chart, the bearish Crab pattern resembles the letter W. 🔵 Setting 🟣 Logical Setting ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition. Show Valid Format : If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern. Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk. Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period. 🟣 Genaral Setting Show : Enter "On" to display the template and "Off" to not display the template. Color : Enter the desired color to draw the pattern in this parameter. LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness. LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries. 🟣 Alert Setting Alert : On / Off Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar". Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
Pine Script® indicator
by TFlab
2