Swing Point Volume Z-ScoreSWING POINT VOLUME Z-SCORE INDICATOR
A volume analysis tool that identifies statistical volume spikes at swing points with optional higher timeframe confirmation.
This indicator uses Leviathan's method of swing detection. All credit to him for his amazing work (and any mistakes mine). I was also inspired by Trading Riot, who's Capitulation indicator gave me the idea to create this one.
WHAT IT DOES
This indicator combines three analytical approaches:
- Volume Z-score calculation to measure volume significance statistically
- Automatic swing point detection (higher highs, lower lows, etc.)
- Optional higher timeframe volume confirmation
The Z-score measures how many standard deviations current volume is from the average, helping identify when volume activity is genuinely elevated rather than relying on visual assessment.
VISUAL SYSTEM
The indicator uses a color-coded approach for quick assessment:
GREEN - Normal Activity (Z-Score 1.0-2.0)
Above-average volume levels
ORANGE - Elevated Activity (Z-Score 2.0-3.0)
High volume activity that may indicate increased interest
RED - Potential Institutional Activity (Z-Score 3.0+)
Very high volume levels that could suggest significant market participation
HIGHER TIMEFRAME CONFIRMATION
When enabled, the indicator checks volume on a higher timeframe:
- Checkmark symbol indicates HTF volume also shows elevation
- X symbol indicates HTF volume doesn't confirm
- Auto-selects appropriate higher timeframe or allows manual selection
KEY FEATURES
Statistical Approach: Uses Z-score methodology rather than arbitrary volume thresholds
Adaptive Thresholds: Can adjust based on market volatility conditions
Swing Focus: Concentrates analysis on structurally important price levels
Volume Trends: Shows whether volume is accelerating or decelerating
Success Tracking: Monitors how often HTF confirmation proves effective
DISPLAY OPTIONS
Basic Mode: Essential features with clean interface
Advanced Mode: Additional customization and analytics
Label Sizing: Four size options to fit different screen setups
Table Position: Moveable info table with transparency control
Custom Colors: Adjustable for different chart themes
PRACTICAL APPLICATIONS
May help identify:
- Volume spikes at support/resistance levels
- Potential accumulation or distribution zones
- Breakout confirmation with volume backing
- Areas where larger market participants might be active
Works on all liquid markets and timeframes, though generally more effective on 15-minute charts and higher.
USAGE NOTES
This is an analytical tool that highlights statistically significant volume events. It should be used as part of a broader analysis approach rather than as a standalone trading system.
The indicator works best when combined with:
- Price action analysis
- Support and resistance identification
- Trend analysis
- Proper risk management
Default settings are designed to work well across most instruments, but users can adjust parameters based on their specific needs and trading style.
TECHNICAL DETAILS
Built with Pine Script v5
Compatible with all TradingView subscription levels
Open source code available for review and learning
Works on stocks, forex, crypto, futures, and other liquid instruments
The statistical approach helps remove some subjectivity from volume analysis, though like all technical indicators, it should be used thoughtfully as part of a complete trading plan.
Trend Analysis
Clean Pivot Lines with AlertsTechnical Overview
This Script is designed for detecting untouched pivot highs and lows. It draws horizontal levels only when those pivots remain unviolated within a configurable lookback window and removes them automatically upon price breaches or sweeps.
Key components include:
Pivot detection logic : Utilizes ta.pivothigh()/ta.pivotlow() (or equivalent via request.security for HTF) with parameterized pivotLength to ensure flexibility and adaptability to different timeframes.
Cleanliness filtering : Checks lookbackBars prior to line creation to skip levels already violated, ensuring only uncontaminated pivots are used.
Dynamic level tracking : Stores active levels in arrays (highLines, lowLines) for continuous real-time monitoring.
Violation logic : Detects both close-based breaks (breakAbove/breakBelow) and wick-based sweeps (sweepAbove/sweepBelow), triggering alerts and automatic teardown.
Periodic housekeeping : Every N (10) confirmed bars, re-verifies “clean” status and removes silently invalidated levels—maintaining chart hygiene and avoiding stale overlays.
Customization options : Supports pivot timeframe override, colors, line width/style, lookback length, and alert toggling.
Utility
This overlay script provides a disciplined workflow for drawing meaningful support/resistance levels, filtering out contaminated pivot points, and signaling validations (breaks/sweeps) with alerts. Its modular design and HTF support facilitate integration into systematic workflows, offering far more utility than mere static pivot plots.
Usage Instructions
1. Adjust `pivot_timeframe`, `pivot_length`, and `lookback_bars` to suit your strategy timeframe and volatility structure.
2. Customize visual parameters as required.
3. Enable alerts to receive in-platform messages upon pivot violations.
4. Use HTF override only if analyzing multi-timeframe pivot behavior; otherwise, leave empty to default to chart timeframe.
Performance & Limitations
- Pivot lines confirmation lags by `pivot_length` bars; real-time signals may be delayed.
- Excessive active lines may impact performance on low-TF charts.
- The “clean” logic is contingent on the `lookback_bars` parameter; choose sufficiently high values to avoid false cleanliness.
- Alerts distinguish between closes beyond and wick-only breaches to aid strategic nuance.
Trend line Projection by julzALGOOVERVIEW
Trend Line Single draws two dynamic, forward-projecting trendlines from recent pivots:
Wick Lines – from swing highs/lows of candle wicks.
Body Lines – from swing highs/lows of candle bodies.
Both auto-extend to the right and can optionally shade the zone between wick and body lines, making it easy to spot reaction areas and structure shifts.
Includes automatic HH/LL/HL/LH pivot labeling.
HOW TO USE
Default Length = 8 works for most markets.
Shorter Length → more reactive lines, more frequent signals.
Longer Length → smoother structure, fewer but stronger signals.
Watch for price retests or breaks of wick/body bands.
Use shaded zones to quickly see where price is balancing between wick extremes and body closes.
FEATURES
Wick-based upper/lower trendlines from confirmed swing pivots.
Body-based upper/lower trendlines from confirmed body pivots.
Always-on right extension for forward projection.
Optional fill between wick and body lines to visualize “pressure zones.”
Automatic HH / LL / HL / LH labels for structure reading.
Non-repainting beyond standard pivot confirmation.
SETTINGS
Length – Pivot lookback/forward bars (default 8).
Wick Top / Bottom Color – Wick trendline colors.
Body Top / Bottom Color – Body trendline colors.
Fill Color – Transparency/color for the shaded zone.
PRINCIPLES
Wicks often mark liquidity grabs or extremes.
Bodies reflect actual settlement – good for fair value and consolidation zones.
Wick ≈ Body confluence can mark stronger S/R.
Break + Retest of a line can signal continuation or reversal—always confirm with your own system.
NOTES
Lines only appear after pivots confirm.
Works on all markets and timeframes.
For low-TF noise reduction, increase Length.
This tool is for discretionary analysis, not auto-trading.
SUMMARY
A lightweight, production-ready trendline tool that combines wick- and body-based structure, forward-projects them, optionally shades between them, and labels key pivots for instant structure reading.
DISCLAIMER
For educational purposes only. This is not financial advice. Trade at your own risk with proper management.
Momentum_EMABand📢 Reposting Notice
I am reposting this script because my earlier submission was hidden due to description requirements under TradingView’s House Rules. This updated version fully explains the originality, the reason for combining these indicators, and how they work together. Follow me for future updates and refinements.
🆕 Momentum EMA Band, Rule-Based System
Momentum EMA Band is not just a mashup — it is a purpose-built trading tool for intraday traders and scalpers that integrates three complementary technical concepts into a single rules-based breakout & retest framework.
Originality comes from the specific sequence and interaction of these three filters:
Supertrend → Sets directional bias.
EMA Band breakout with retest logic → Times precise entries.
ADX filter → Confirms momentum strength and avoids noise.
This system is designed to filter out weak setups and false breakouts that standalone indicators often fail to avoid.
🔧 How the Indicator Works — Combined Logic
1️⃣ EMA Price Band — Dynamic Zone Visualization
Plots upper & lower EMA bands (default: 9-period EMA).
Green Band → Price above upper EMA = bullish momentum
Red Band → Price below lower EMA = bearish pressure
Yellow Band → Price within band = neutral zone
Acts as a consolidation zone and breakout trigger level.
2️⃣ Supertrend Overlay — Reliable Trend Confirmation
ATR-based Supertrend adapts to volatility:
Green Line = Uptrend bias
Red Line = Downtrend bias
Ensures trades align with the prevailing trend.
3️⃣ ADX-Based No-Trade Zone — Choppy Market Filter
Manual ADX calculation (default: length 14).
If ADX < threshold (default: 20) and price is inside EMA Band → gray background marks low-momentum zones.
🧩 Why This Mashup Works
Supertrend confirms trend direction.
EMA Band breakout & retest validates the breakout’s strength.
ADX ensures the market has enough trend momentum.
When all align, entries are higher probability and whipsaws are reduced.
📈 Example Trade Walkthrough
Scenario: 5-minute chart, ADX threshold = 20.
Supertrend turns green → trend bias is bullish.
Price consolidates inside the yellow EMA Band.
ADX rises above 20 → trend momentum confirmed.
Price closes above the green EMA Band after retesting the band as support.
Entry triggered on candle close, stop below band, target based on risk-reward.
Exit when Supertrend flips red or ADX momentum drops.
This sequence prevents premature entries, keeps trades aligned with trend, and avoids ranging markets.
🎯 Key Features
✅ Multi-layered confirmation for precision trading
✅ Built-in no-trade zone filter
✅ Fully customizable parameters
✅ Clean visuals for quick decision-making
⚠ Disclaimer: This is Version 1. Educational purposes only. Always use with risk management.
Nifty Smart Zones & Breakout Bars(5min TF only) by Chaitu50cNifty Smart Zones & Breakout Bars is a purpose-built intraday trading tool, tested extensively on Nifty50 and recommended for Nifty50 use only.
All default settings are optimised specifically for Nifty50 on the 5-minute timeframe for maximum accuracy and clarity.
Why Last Bar of the Session Matters
The last candle of a trading session often represents the final battle between buyers and sellers for that day.
It encapsulates closing sentiment, influenced by end-of-day positioning, profit booking, and institutional activity.
The high and low of this bar frequently act as strong intraday support/resistance in the following sessions.
Price often reacts around these levels, especially when combined with volume surges.
Core Features
Session Last-Candle Zones
Plots a horizontal box at the high and low of the last candle in each session.
Boxes extend to the right to track carry-over levels into new sessions.
Uses a stateless approach — past zones reappear if relevant.
Smart Suppression System
When more than your Base Sessions (No Suppression) are shown, newer zones overlapping or within a proximity distance (in points) of older zones are hidden.
Older zones take priority, reducing chart clutter while keeping critical levels.
Breakout Bar Coloring
Highlights breakout bars in four categories:
Up Break (1-bar)
Down Break (1-bar)
Up Break (2-bar)
Down Break (2-bar)
Breakouts use a break buffer (in ticks) to filter noise.
Toggle coloring on/off instantly.
Volume Context (User Tip)
For best use, pair with volume analysis.
High-volume breakouts from last-session zones have greater conviction and can signal sustained momentum.
Usage Recommendations
Instrument: Nifty50 only (tested & optimised).
Timeframe: 5-minute chart for best results.
Approach:
Watch for price interaction with the plotted last-session zones.
Combine zone breaks with bar color signals and volume spikes for higher-probability trades.
Use suppression to focus on key, non-redundant levels.
Why This Tool is Different
Unlike standard support/resistance plotting, this indicator focuses on session-closing levels, which are more reliable than arbitrary highs/lows because they capture the final market consensus for the session.
The proximity-based suppression ensures your chart stays clean, while breakout paints give instant visual cues for momentum shifts.
RiskOnRiskOff-UpdatedRisk On / Risk Off Dashboard (Composite Z-Score)
This indicator measures global market risk appetite by combining multiple "Risk-On" and "Risk-Off" assets into a single composite signal. It calculates the momentum (ROC) of each selected asset, normalizes them using a rolling Z-Score, and averages them into two baskets:
Risk-On basket includes equity indices (S&P 500, Nasdaq 100, Russell 2000, DAX), high yield bonds, growth-sensitive commodities (oil, copper), and crypto assets (BTC, ETH, total crypto market cap).
Risk-Off basket includes volatility (VIX), the US Dollar Index (DXY), Gold, US 10Y yield, and USDT dominance.
The difference between the Risk-On and Risk-Off composites produces the main signal:
Above the Risk-On threshold → markets are in risk-seeking mode (green background).
Below the Risk-Off threshold → markets are in risk-averse mode (red background).
Between thresholds → neutral / indecisive regime (yellow background).
How to use:
In Risk-On mode, long setups generally have higher probability of success.
In Risk-Off mode, prioritize defensive strategies, hedges, or shorts.
Neutral regime suggests reducing position size or waiting for a clearer trend.
All symbols are customizable via the input panel to fit your preferred market focus (equities, crypto, FX, etc.). The indicator works on any timeframe, with recommended use on daily charts for macro regime analysis.
Note: ROC lookback, Z-Score window, and smoothing length can be adjusted for more responsive or more stable signals.
twitter: @0xdonomar
Simple Trend Line DetectorAutomatically detects and draws high-quality trend lines for quick market analysis and trading ideas. Perfect for rapid trend analysis and identifying key levels without manual drawing.
Market Prediction Indicator - Nifty 50/Stocksthis indicator gives buy and sell signals for nifty and indian stocks
Market Structure (DeadCat)🌟 Market Structure (DeadCat) - Indicator Overview 🌟
The Market Structure (DeadCat) indicator plots swing highs and lows (HH, HL, LH, LL) using pivot points, helping you spot uptrends, downtrends, and potential reversals. Perfect for traders who use market structure.
🌟 Key Features 🌟
🔹 Swing Point Labels
HH (Higher High): Signals uptrend strength.
HL (Higher Low): Marks bullish support.
LH (Lower High): Hints at weakening uptrend or reversal.
LL (Lower Low): Confirms downtrend momentum.
🔹 Trend Detection
Uptrend: Tracks HH/HL for bullish momentum.
Downtrend: Tracks LH/LL for bearish momentum.
Waits for breaks of prior HH/HL or LH/LL to confirm new swing points, ensuring reliable signals. 🔄
🔹 Customizable Labels
Adjust label text color (default: black) to suit your chart. Supports up to 500 labels for a clean, focused view. 🖌️
🌟 Indicator Settings 🌟
Swing Length: Fixed at 20 bars (left) and 2 bars (right) for pivot detection.
Label Color: Customize text color for better visibility.
Liquidity Swings + SMT DivergencesThis combined script merges two advanced LuxAlgo tools, Liquidity Swings and SMT Divergences into a single indicator for efficient chart space usage. The Liquidity Swings portion automatically detects and marks recent swing highs and lows as potential liquidity pools, highlighting them with boxes, lines, and volume/count labels so traders can quickly see where price is likely to react or reverse. The SMT Divergences portion compares the chart’s price action to one or two correlated symbols and identifies “Smart Money Technique” divergences, where one market makes a higher high or lower low while the other fails to do so, signaling potential reversals or high-probability setups. Together, they give traders a visual map of where liquidity is sitting and when institutional order flow may be shifting making it useful for precision entries, targeting, and filtering trades in ICT-style and order flow–based strategies. I would like to give credit to LuxAlgo for the script bases.
Trend Strength
OVERVIEW
This script votes across five well-known techniques (EMA posture, price vs base EMA, DI/ADX, RSI around 50, and PPO histogram), aggregates them into a discrete score from −5 to +5, and paints the candles (body, wick, and border) at 11 levels to show market regime and conviction. A zero-centered momentum oscillator and a directional/neutral squeeze meter then tell you when volatility is coiling and how energy is likely to release.
Key Features
Transparent multi-vote engine
Five independent “votes” in {+1, 0, −1}:
EMA posture: EMA(fast) vs EMA(slow).
Price vs base EMA: close vs an intermediate EMA.
DI/ADX gate: if ADX > threshold, +DI vs −DI sets the sign.
RSI posture around 50: above/below soft bands (e.g., 56/44).
PPO histogram sign: PPO − Signal above/below zero.
Score = sum of the five votes ∈ (deep green → yellow → neutral → yellow → deep red).
Momentum oscillator (context only):
Zero-centered (~−6…+6), blending a normalized ROC, RSI distance from 50, and PPO histogram. Above/below zero = bullish/bearish tilt; slope = acceleration or fatigue. Optional volume tint (brighter when volume > SMA(volume, 20)). Volume does not change the score by default.
Two-key Squeeze with timing:
Compression: Bollinger Bands inside Keltner Channels (same lookback).
Flatness: oscillator near zero by a user tolerance (epsZero).
While both hold, a counter increments (your “coil timer”). Display it neutrally (mirrored band around zero) or directionally (above zero if osc ≥ 0, below if < 0). A release occurs when compression ends; optional arrows mark Up/Down depending on the oscillator sign at release.
USAGE
Read the color first.
+4/+5 (deep greens): broad bullish agreement → favor pullback entries with the trend.
−4/−5 (deep reds): broad bearish agreement → favor rally fades.
Around 0 (yellow/light yellow/fuchsia(neutral)): mixed/transition—lean on squeeze and oscillator for timing.
Use the oscillator as context.
Above/below zero confirms bias; a rising/falling slope hints at acceleration/deceleration. Divergence or repeated failures at zero warn of exhaustion.
Watch the squeeze meter.
The longer the counter builds, the more meaningful the expansion tends to be. Consider entries on release aligned with both candle color and oscillator sign; manage risk with ATR/swing structure.
Key settings to tune (why they matter):
EMA fast/slow: responsiveness vs stability.
ADX length & threshold: how strong a trend must be before DI votes count.
RSI length & bands: widen bands to reduce whipsaws around 50; tighten to be more sensitive.
PPO fast/slow/signal: sensitivity of momentum crossings.
Volatility window (volLen), BB/KC multipliers, epsZero: frequency of squeezes and strictness of “flat momentum.”
Display: neutral vs directional squeeze band; show/hide oscillator; optional volume coloring.
CONCLUSION
This tool is a clear, testable framework for reading trend and its strength. By aggregating five classic methods into a single discrete score and pairing it with a momentum-aware squeeze timer, it helps you act with context—trade with the trend when conviction is high, stand aside during transitions, and prepare for expansions rather than reacting late.
Trident Doji Detector - ZTFNon-Lagging Doji Detector
This indicator automatically identifies and plots four types of doji candlestick patterns in real-time, specifically designed as a component of @TylerG_Capital's Trident pattern trading model.
Common Doji - Small body with balanced upper and lower shadows (blue diamond)
Long-Legged Doji - Small body with very long shadows on both sides (purple square)
Dragonfly Doji - Small body with long lower shadow, minimal upper shadow (green triangle)
Four-Price Doji - All prices (OHLC) nearly equal, forming a flat line (orange cross)
Key Features:
Detects patterns as they form (non-lagging) or waits for candle close confirmation
Adjustable body size threshold (default 10% of candle range)
Tiny, unobtrusive labels positioned below bars
Works on all timeframes and instruments
Simple pattern recognition without directional bias
How it works: The indicator analyzes each candle's body size relative to its total range and shadow proportions. It uses a hierarchy system to classify each doji into its most specific type, ensuring only one label per candle.
Key Indicators Dashboard (KID)Key Indicators Dashboard (KID) — Comprehensive Market & Trend Metrics
📌 Overview
The Key Indicators Dashboard (KID) is an advanced multi-metric market analysis tool designed to consolidate essential technical, volatility, and relative performance data into a single on-chart table. Instead of switching between multiple indicators, KID centralizes these key measures, making it easier to assess a stock’s technical health, volatility state, trend status, and relative strength at a glance.
🛠 Key Features
⦿ Average Daily Range (ADR %): Measures average daily price movement over a specified period. It is calculated by averaging the daily price range (high - low) over a set number of days (default 20 days).
⦿ Average True Range (ATR): Measures volatility by calculating the average of a true range over a specific period (default 14). It helps traders gauge the typical extent of price movement, regardless of the direction.
⦿ ATR%: Expresses the Average True Range as a percentage of the price, which allows traders to compare the volatility of stocks with different prices.
⦿ Relative Strength (RS): Compares a stock’s performance to a chosen benchmark index (default NIFTYMIDSML400) over a specific period (default 50 days).
⦿ RS Score (IBD-style): A normalized 1–100 rating inspired by Investor’s Business Daily methodology.
How it works: The RS Score is based on a weighted average of price changes over 3 months (40%), 6 months (20%), 9 months (20%), and 12 months (20%).
The raw value is converted into a percentage return, then normalized over the past 252 trading days so the lowest value maps to 1 and the highest to 100.
This produces a percentile-style score that highlights the strongest stocks in relative terms.
⦿ Relative Volume (RVol): Compares a stock's current volume to its average volume over a specific period (default 50). It is calculated by dividing the current volume by the average historical volume.
⦿ Average ₹ Volume (Turnover): Represents the total monetary value of shares traded for a stock. It's calculated by multiplying a day's closing price by its volume, with the final value converted to crores for clarity. This metric is a key indicator of a stock's liquidity and overall market interest.
⦿ Moving Average Extension: Measures how far a stock's current price has moved from from a selected moving average (EMA or SMA). This deviation is normalized by the stock's volatility (ATR%), with a default threshold of 6 ATR used to indicate that the stock is significantly extended and is marked with a selected shape (default Red Flag).
⦿ 52-Weeks High & Low: Measures a stock's current price in relation to its highest and lowest prices over the past year. It calculates the percentage a stock is below its 52-week high and above its 52-week low.
⦿ Market Capitalization: Market Cap represents the total value of all outstanding.
⦿ Free Float: It is the value of shares readily available for public trading, with the Free Float Percentage showing the proportion of shares available to the public.
⦿ Trend: Uses Supertrend indicator to identify the current trend of a stock's price. A factor (default 3) and an ATR period (default 10) is used to signal whether the trend is up or down.
⦿ Minervini Trend Template (MTT): It is a set of technical criteria designed to identify stocks in strong uptrends.
Price > 50-DMA > 150-DMA > 200-DMA
200-DMA is trending up for at least 1 month
Price is at least 30% above its 52-week low.
Price is within at least 25 percent of its 52-week high
Table highlights when a stock meets all above criteria.
⦿ Sector & Industry: Display stock's sector and industry, provides categorical classification to assist sector-based analysis. The sector is a broad economic classification, while the industry is a more specific group within that sector.
⦿ Moving Averages (MAs): Plot up to four customizable Moving Averages on a chart. You can independently set the type (Simple or Exponential), the source price, and the length for each MA to help visualize a stock's underlying trend.
MA1: Default 10-EMA
MA2: Default 20-EMA
MA3: Default 50-EMA
MA4: Default 200-EMA
⦿ Moving Average (MA) Crossover: It is a trend signal that occurs when a shorter-term moving average crosses a longer-term one. This script identifies these crossover events and plots a marker on the chart to visually signal a potential change in trend direction.
User-configurable MAs (short and long).
A bullish crossover occurs when the short MA crosses above the long MA.
A bearish crossover occurs when the short MA crosses below the long MA.
⦿ Inside Bar (IB): An Inside Bar is a candlestick whose entire price range is contained within the range of the previous bar. This script identifies this pattern, which often signals consolidation, and visually marks bullish and bearish inside bars on the chart with distinct colors and labels.
⦿ Tightness: Identifies periods of low volatility and price consolidation. It compares the price range over a short lookback period (default 3) to the average daily range (ADR). When the lookback range is smaller than the ADR, the indicator plots a marker on the chart to signal consolidation.
⦿ PowerBar (Purple Dot): Identifies candles with a strong price move on high volume. By default, it plots a purple dot when a stock moves up or down by at least 5% and has a minimum volume of 500,000. More dots indicate higher volatility and liquidity.
⦿ Squeezing Range (SQ): Identifies periods of low volatility, which can often precede a significant price move. It checks if the Bollinger Bands have narrowed to a range that is smaller than the Average True Range (ATR) for a set number of consecutive bars (default 3).
(UpperBB - LowerBB) < (ATR × 2)
⦿ Mark 52-Weeks High and Low: Marks and labels a stock's 52-Week High and Low prices directly on the chart. It draws two horizontal lines extending from the candles where the highest and lowest prices occurred over the past year, providing a clear visual reference for long-term price extremes.
⏳PineScreener Filters
The indicator’s alert conditions act as filters for PineScreener.
Price Filter: Minimum and maximum price cutoffs (default ₹25 - ₹10000).
Daily Price Change Filter: Minimum and maximum daily percent change (default -5% and 5%).
🔔 Built-in Alerts
Supports alert creation for:
ADR%, ATR/ATR %, RS, RS Rating, Turnover
Moving Average Crossover (Bullish/Bearish)
Minervini Trend Template
52-Week High/Low
Inside Bars (Bullish/Bearish)
Tightness
Squeezing Range (SQ)
⚙️ Customizable Visualization
Switchable between vertical or horizontal layout.
Works in dark/light mode
User-configurable to toggle any indicator ON or OFF.
User-configurable Moving (EMA/SMA), Period/Lengths and thresholds.
⦿ (Optional) : For horizontal table orientation increase Top Margin to 16% in Chart (Canvas) settings to avoid chart overlapping with table.
⚡ Add this script to your chart and start making smarter trade decisions today! 🚀
OHLC Tool CustomizedIMPORTANT
This script is 99% based on the excellent OHLC Tool script by ©SamRecio. My changes are purely cosmetic to fit my needs. The original script is here:
Summary
The entire idea of this customization is to save some screen real estate. I have a ton of crap on my graphs and the default labels with prices are way too wide for my taste.
I *DO* want to have labels, but I want 'O1/H1/L1/C1' as opposed to ScriptName+FieldName+Price.
I really don't care about the price that much, I just want to see the levels and if the current PA will bump against them.
My interest is in yesterday's Open/High/Low/Close so the defaults are set to that.
One cool way this script can be used is it can be added more than once. I personally don't care about OHLC 2 days ago, but I added the second script to the distro graph here to illustrate the point. I kept Timeframe at 1D, set Lookback to 2, changed labels to O2/H2/L2/C2 and voila! (Changed line types to Dashed, too).
Another hack - you can add weekly's and monthly's, if you care...
Limitations
Sadly, there is no way it TV to attach a label to the right edge of the graph, only to the right-most candle and some offset. So when you start dragging you graph left (or right), the labels go with it. BLEH. Well, I'm not doing that so I don't really care.
TV Settings
In order to display the default, standard labels: right-click > Settings > Scales and lines > Indicators and financials: Name, Value
If the above setting is set to Hidden, AND you deselect Override Default Line Labels in this script's config - you will end up with bare lines and no labels whatsoever.
Differences with the original script
You can replace default labels with customized, saving a whopping 2.5cm/1" of screen estate! (default)
You can hide any of the four OHLC lines
You can customize label text
You can choose not to show price (default)
Countdown & Candle Recap DashboardThis script provides a compact dashboard showing a countdown timer and a recap of the previous candles. Ideal for traders who want to monitor short-term price action and candle behavior across different timeframes.
Features: • Countdown display for current candle • Summary of previous candles (PrevCndl1, PrevCndl2) • TimeFrame Recap section for quick analysis
Designed for scalpers, intraday traders, and anyone who values precision timing and candle structure.
Crypto Macro CockpitCrypto Macro Cockpit — Institutional Liquidity Regime Detection
🔍 Overview
This script introduces a modern macro framework for crypto market regime detection, leveraging newly added stablecoin market data on TradingView. It’s designed to guide traders through the evolving institutional era of crypto — where liquidity, not just price, is king.
🌐 Why This Matters
Historically, traditional proxies like M2 money supply or bond yields were referenced to infer macro liquidity shifts. But with the regulatory green light and institutional embrace of stablecoins, on-chain fiat liquidity is now directly observable.
Stablecoins = The new M2 for crypto.
This script utilizes real-time data from:
📊 CRYPTOCAP:STABLE.C (Total Stablecoin Market Cap)
📊 CRYPTOCAP:STABLE.C.D (Stablecoin Dominance)
to assess dry powder, risk appetite, and macro regime transitions.
📋 How to Read the Crypto Macro Cockpit
This dashboard updates every few bars and is organized into four actionable segments:
1️⃣ Macro Spreads
Metric --> Interpretation
Risk Flow --> Measures capital flow between stablecoins and total crypto market cap. → Green = risk deploying.
ETH vs BTC --> Shift in dominance between ETH and BTC → rotation gauge.
ETHBTC --> Price ratio movement → confirms leadership tilt.
ALTs (TOTAL3ES) --> Momentum in altcoin market, excluding BTC/ETH/stables → key for alt season timing.
2️⃣ Liquidity & Risk Appetite
Metric --> Interpretation
Liquidity --> Directional change in stablecoin cap → more stables = more dry powder.
Risk Appetite --> Inverse of stablecoin dominance → falling dominance = capital rotating into risk.
3️⃣ Stablecoin Context
Metric --> Interpretation
StableCap ROC --> Growth rate of stablecoin market cap → proxy for fiat inflows.
StableDom ROC --> Change in stablecoin dominance → reflects market caution or aggression.
4️⃣ Composite Labels
Label --> Interpretation
Rotation --> Sector tilt (BTC-led vs ETH/Alts)
Regime --> Synthesized macro environment → "Risk-ON", "Caution", "Waiting", or "Risk-OFF"
Background Color --> Optional tint reflecting regime for quick glance validation
All metrics are evaluated with directional arrows (▲/▼/•) and acceleration overlays, using user-defined thresholds scaled by timeframe for precision.
🔔 Built-in Alerts
Predefined, non-repainting alerts include:
Regime transitions
Sector rotations
Confirmed ETH/ALT rotations
Stablecoin market cap spikes
Risk Flow acceleration
You can use these alerts for discretionary trading or automated system triggers.
⚠️ Disclaimer
This script is for educational and informational purposes only. It does not constitute financial advice. Trading cryptocurrencies involves risk, and past performance does not guarantee future results. Always do your own research and manage risk responsibly.
✅ Ready to Use
No configuration needed — just load the script
Works on all timeframes (optimized for 1D)
Thresholds and smoothing are customizable
Table positioning and sizing is user-controlled
If you find this helpful, feel free to ⭐️ favorite or leave feedback. Questions welcome in the comments.
Let’s trade with macro awareness in this new era.
Moving Averages and Relative StrengthMoving Averages and Relative Strength
Overview
The Moving Averages and Relative Strength is a comprehensive indicator that combines multiple analytical tools to provide traders with a complete picture of price trends, volatility, relative performance, and position sizing guidance. This multi-faceted indicator is designed for both swing and positional traders looking for data-driven entry and exit signals.
Key Components
1. Moving Average Ribbon System
• 4 Customizable Moving Averages with default periods: 13, 21, 55, and 189
• Multiple MA Types : SMA, EMA, SMMA (RMA), WMA, VWMA
• Color-coded visualization for easy trend identification
• Flexible configuration allowing users to modify periods, types, and colors
2. Average Daily Range Percentage (ADR%)
• Calculates the average daily volatility as a percentage
• Uses a 20-period simple moving average of (High/Low - 1) * 100
• Helps traders understand the stock's typical daily movement range
• Essential for position sizing and stop-loss placement
3. Volume Analysis (Up/Down Ratio)
• Analyzes volume distribution over the last 55 periods
• Calculates the ratio of volume on up days vs down days
• Provides insight into buying vs selling pressure
• Values > 1 indicate more buying volume, < 1 indicate more selling volume
4. Absolute Relative Strength (ARS)
• Dual timeframe analysis with customizable reference points
• High ARS : Performance relative to benchmark from a high reference point
• Low ARS : Performance relative to benchmark from a low reference point
• Uses NSE:NIFTY as default comparison symbol
5. Relative Performance Table
• 5 timeframes : 1 Week, 1 Month, 3 Months, 6 Months, 1 Year
• Shows stock performance relative to benchmark index
• Formula: (Stock Return - Index Return) for each period
6. Dynamic Position Allocation System
• 6-factor scoring system based on price vs EMAs (21, 55, 189)
• Evaluates:
- Price above/below each EMA
- EMA alignment (21>55, 55>189, 21>189)
• Allocation recommendations :
- 100% allocation: Score = 6 (all bullish signals)
- 75% allocation: Score = 4
- 50% allocation: Score = 2
- 25% allocation: Score = 0
- 0% allocation: Score = -2, -4, -6 (bearish signals)
Display Tables
Performance Table (Top Right)
Shows relative performance vs benchmark across multiple timeframes with intuitive color coding for quick assessment.
Metrics Table (Bottom Right)
Displays key statistics:
• ADR% : Average Daily Range percentage
• U/D : Up/Down volume ratio
• Allocation% : Recommended position size
• High ARS% : Relative strength from high reference
• Low ARS% : Relative strength from low reference
This indicator is designed to provide a comprehensive analysis framework rather than simple buy/sell signals. It's recommended to use this in conjunction with your overall trading strategy and risk management rules.
Egg vs Tennis Ball — Drop/Rebound StrengthEgg vs Tennis Ball — Drop/Rebound Meter
What it does
Classifies selloffs as either:
Eggs — dead‑cat, no bounce
Tennis Balls — fast, decisive rebound
Core features
Detects swing drops from a Pivot High (PH) to a Pivot Low (PL)
Requires drops to be meaningful (volatility‑aware, ATR‑scaled)
Draws a bounce threshold line and a deadline
Decides outcome based on speed and extent of rebound
Tracks scores and win rates across multiple lookback windows
Includes a color‑coded meter and current streak display
Visuals at a glance
Gray diagonal — drop from PH to PL
Teal dotted horizontal — bounce threshold, from PH to the deadline
Solid green — Tennis Ball (bounce line broken before the deadline)
Solid red — Egg (deadline expired before the bounce)
Optional PH / PL labels for clarity
How the decision is made
1) Find pivots — symmetric pivots using Pivot Left / Right; PL confirms after Right bars.
2) Qualify the drop — Drop Size = PH − PL; must be ≥ (Drop Threshold × ATR at PL).
3) Define the bounce line — PL + (Bounce Multiple × Drop Size). 1.00× = full retrace to PH; up to 2.00× for overshoot.
4) Set the deadline — Drop Bars = PL index − PH index; Deadline = Drop Bars × Recovery Factor; timer starts from PH or PL.
5) Resolve — Tennis Ball if price hits the bounce line before the deadline; Egg if the deadline passes first.
Scoring system (−100 to +100)
+100 = perfect Tennis Ball (fastest possible + full overshoot)
−100 = perfect Egg (no recovery)
In between: scored by rebound speed and extent, shaped by your weight settings
Meter Table
Columns (toggle on/off)
All (off by default)
Last N1 (default 5)
Last N2 (default 10)
Last N3 (default 20)
Rows
Tennis / Eggs — counts
% Tennis — win rate
Avg Score — normalized quality from −100 to +100
Streak — overall (not windowed), e.g., +3 = 3 Tennis Balls in a row, −4 = 4 Eggs in a row
Alerts
Tennis Ball – Fast Rebound — triggers when the bounce line is broken in time
Egg – Window Expired — triggers when the deadline passes without a bounce
Inputs
① Drop Detection
Pivot Left / Right
ATR Length
Drop Threshold × ATR
② Bounce Requirement
Bounce Multiple × Drop Size (0.10–2.00×)
③ Timing
Timer Start — PH or PL
Recovery Factor × Drop Bars
Break Trigger — Close or High
④ Display
Show Pivot/Outcome Labels
Line Width
Table Position (corner)
⑤ Meter Columns
Show All (off by default)
Show N1 / N2 / N3 (5, 10, 20 by default)
⑥ Scoring Weights
Tennis — Base, Speed, Extent
Egg — Base, Strength
How to use it
Pick strictness — start with Drop Threshold = 2.0 ATR, Bounce Multiple = 1.0×, Recovery Factor = 3.0×; adjust to timeframe and volatility.
Watch the dotted line — it ends at the deadline; turns solid green (Tennis) if broken in time, solid red (Egg) if it expires.
Read the meter — short windows (5–10) show current behavior; Avg Score captures quality; Streak shows momentum.
Blend with your system — combine with trend filters, volume, or regime detection.
Tips
Close vs High trigger: Close is stricter; High is more responsive.
PH vs PL timer start: PH measures round‑trip; PL measures recovery only.
Increase pivot strength for fewer, more reliable signals.
Higher timeframes generally produce cleaner patterns.
Defaults
Pivot L/R: 5 / 5
ATR Length: 14
Drop Threshold: 2.0× ATR
Bounce Multiple: 1.00×
Recovery Factor: 3.0×
Break Trigger: Close
Windows: Last 5, 10, 20 (All off)
Interpreting results
Tennis‑y: Avg Score +30 to +70, %Tennis > 55%
Mixed: Avg Score near 0
Egg‑y: Avg Score −30 to −80, %Tennis < 45%
N波動検出インジケーター（基本版）Main Specifications – N-Wave Indicator
1. Pattern Detection
Automatically detects classic N-wave patterns (ABC-type price swings) based on pivot highs and lows.
Uses adjustable pivot length parameters to define swing points.
2. Wave Structure
Marks three key points: Start (A), Peak/Valley (B), and End (C).
Connects these points with lines to visualize the N-shape.
3. Labeling
Displays point labels A, B, C directly on the chart.
Color-coded for uptrend vs. downtrend waves.
4. Customizable Parameters
Pivot length: Determines how far back to look for highs/lows.
Minimum wave height: Filters out small price noise.
Label toggle: Show/hide wave labels.
Line style: Solid or dashed line for wave connections.
5. Trend Direction Analysis
Automatically identifies if the current N-wave is bullish (higher highs/higher lows) or bearish (lower highs/lower lows).
Optional background shading for trend direction.
6. Multi-Timeframe Support
Can detect N-wave patterns using higher timeframe data (e.g., H1 waves on a 5-min chart).
7. Alerts
Alerts when a new N-wave is completed.
Separate alerts for bullish and bearish N-wave formations.
8. Compatibility
Works on Forex, Stocks, Crypto across all timeframes.
Overlay on price chart (no separate window needed).
ABS Companion Oscillator — Trend / Exhaustion / New Trend (v1.1)
# ABS Companion Oscillator — Trend / Exhaustion / New Trend (v1.1)
## What it is (quick take)
**ABS CO** is a unified **–100…+100 trend oscillator** that fuses:
* **Regime**: EMA stack (fast/slow/long) + **HTF slope** (e.g., 60-minute)
* **Momentum**: **TSI** vs its signal
* **Stretch**: session-anchored **VWAP Z-score** for exhaustion and “fresh-trend” sanity checks
It paints the oscillator with **lime** in upstate, **red** in downstate, **gray** in neutral, and tags:
* **NEW↑ / NEW↓** when a **new trend** likely starts (zero-line cross with acceptable stretch)
* **EXH↑ / EXH↓** when an **existing trend looks exhausted** (large |Z| + momentum rollback)
> Use it as a **direction filter and context layer**. Works great in front of an entry engine and behind an exit tool.
---
## How to use it (operational workflow)
1. **Read the state**
* **Uptrend** when the oscillator is **≥ upThresh** (default +55) → prefer **long-side** plays.
* **Downtrend** when the oscillator is **≤ dnThresh** (default −55) → prefer **short-side** plays.
* **Neutral** between thresholds → be selective or flat; expect chop.
2. **Act on events**
* **NEW↑ / NEW↓**: zero-line cross with acceptable |Z| (not already overstretched). Treat as **trend start** cues.
* **EXH↑ / EXH↓**: trend state with **high |Z|** and TSI rollback versus its signal. Treat as **trend fatigue**; avoid fresh go-with entries and tighten risk.
3. **Practical pairing**
* Use **up/down state** (or above/below **neutralBand**) as your go/no-go filter for entries.
* Prioritize entries **with** NEW↑/NEW↓ and **without** nearby EXH tags.
* Keep holding while the oscillator stays in state and no EXH appears; consider scaling out on EXH or on your exit tool.
---
## Visual semantics & alerts
* **ABS CO line** (–100…+100): lime in upstate, red in downstate, gray in neutral.
* **Horizontal guides**: `Up` threshold, `Down` threshold, `Zero`, and optional **neutral band** lines.
* **Background heat** (optional): shaded when EXH conditions trigger (lime/red tint with intensity scaled by |Z|).
* **Tags**: `NEW↑`, `NEW↓`, `EXH↑`, `EXH↓`.
**Alerts (stable):**
* **ABS CO — New Uptrend** (NEW↑)
* **ABS CO — New Downtrend** (NEW↓)
* **ABS CO — Exhausted Up** (EXH↑)
* **ABS CO — Exhausted Down** (EXH↓)
Set alerts to **“Once per bar close”** for clean signals.
---
## Non-repainting behavior
* HTF queries use **lookahead\_off**.
* With **Strict NR = true**, the HTF slope is taken from the **prior completed** HTF bar; events evaluate on confirmed bars → **safer, fewer, cleaner**.
* NEW/EXH tags finalize at bar close. Disabling strictness yields earlier but noisier responses.
---
## Every input explained (and how it changes behavior)
### A) Trend & HTF structure
* **EMA Fast / Slow / Long (`emaFastLen`, `emaSlowLen`, `emaLongLen`)**
Control the baseline regime. Larger = smoother, fewer flips; smaller = snappier, more flips.
* **HTF EMA Len (`htfLen`)** & **HTF timeframe (`htfTF`)**
HTF slope filter. Longer len or higher TF = steadier bias (fewer state changes); shorter/ lower = more sensitive.
* **Strict NR (`strictNR`)**
`true` uses the **previous** HTF bar for slope and evaluates on confirmed bars → cleaner, slower.
### B) Momentum (TSI)
* **TSI Long / Short / Signal (`tsiLong`, `tsiShort`, `tsiSig`)**
Standard TSI. Larger values = smoother momentum, fewer EXH triggers; smaller = snappier, more EXH sensitivity.
### C) Stretch (VWAP Z-score)
* **VWAP Z-score length (`zLen`)**
Window for Z over session-anchored VWAP distance. Larger = smoother |Z|; smaller = more reactive stretch detection.
* **Exhaustion |Z| (`zHot`)**
Minimum |Z| to flag **EXH**. Raise to demand **bigger** stretch (fewer EXH); lower to catch milder excess.
* **Max |Z| for NEW (`zNewMax`)**
NEW requires |Z| **≤ zNewMax** (avoid “new trend” when already stretched). Lower = stricter; higher = more NEW tags.
### D) States & thresholds
* **Uptrend threshold (`upThresh`)** / **Downtrend threshold (`dnThresh`)**
Where the oscillator flips into trend states. Widen (e.g., +60/−60) to reduce false states; narrow to get earlier signals.
* **Neutral band (`neutralBand`)**
Visual buffer around zero for “meh” momentum. Larger band = fewer go/no-go flips near zero.
### E) Visuals & tags
* **Show New / Show Exhausted (`showNew`, `showExh`)**
Toggle the tag labels.
* **Shade exhaustion heat (`plotHeat`)**
On = color background when EXH fires. Helpful for scanning.
### F) Smoothing
* **Osc smoothing (`smoothLen`)**
EMA over the raw composite. Higher = steadier line (fewer whip flips); lower = faster turns.
---
## Tuning recipes
* **Trend-day bias (follow moves longer)**
* Raise **`upThresh`** to \~60 and **`dnThresh`** to \~−60
* Keep **`zNewMax`** low (1.0–1.2) to avoid “fresh trend” when stretched
* **`smoothLen`** 3–5 to reduce noise
* **Range-day bias (fade edges)**
* Keep thresholds closer (e.g., +50/−50) for quicker state changes
* Lower **`zHot`** slightly (1.6–1.7) to catch earlier exhaustion
* Consider slightly shorter TSI (e.g., 21/9/5) for faster EXH response
* **Scalping LTF (1–3m)**
* TSI 21/9/5, **`smoothLen`** 1–2
* Thresholds +/-50; **`zNewMax`** 1.0–1.2; **`zHot`** 1.6–1.8
* StrictNR **off** if you want earlier calls (accept more noise)
* **Swing / HTF (1h–D)**
* TSI 35/21/9, **`smoothLen`** 4–7
* Thresholds +/-60\~65; **`zNewMax`** 1.2; **`zHot`** 1.8–2.0
* StrictNR **on** for cleaner bias
---
## Playbooks (how to actually trade it)
* **Go/No-Go Filter**
* Only take **long entries** when the oscillator is **above the neutral band** (preferably ≥ `upThresh`).
* Only take **short entries** when **below** the neutral band (preferably ≤ `dnThresh`).
* Avoid fresh go-with entries if an **EXH** tag appears; let the next setup re-arm.
* **Trend Genesis**
* Treat **NEW↑ / NEW↓** as “green light” for **first pullback** entries in the new direction (ideally within acceptable |Z|).
* **Trend Maturity**
* When in a position and **EXH** prints **against** you, tighten stops, take partials, or lean on your exit tool to protect gains.
---
## Suggested starting points
* **Day trading (5–15m):**
* TSI 25/13/7, `smoothLen=3`, thresholds **+55 / −55**, `zNewMax = 1.2`, `zHot = 1.8`, **StrictNR = true**
* **Scalping (1–3m):**
* TSI 21/9/5, `smoothLen=1–2`, thresholds **+50 / −50**, `zNewMax = 1.1–1.2`, `zHot = 1.6–1.8`, **StrictNR = false** (optional)
* **Swing (1h–D):**
* TSI 35/21/9, `smoothLen=4–6`, thresholds **+60 / −60**, `zNewMax = 1.2`, `zHot = 1.9–2.0`, **StrictNR = true**
---
## Notes & best practices
* **Session anchoring**: Z-score is session-anchored (resets by trading date). If you trade outside standard sessions, verify your data session.
* **Instrument specificity**: Tune **`zHot`**, **`zNewMax`**, and thresholds per symbol and timeframe.
* **Bar-close discipline**: Evaluate tags at **bar close** to avoid intrabar flip-flop.
* This is a **context/confirmation tool**, not a broker or strategy. Combine with your entry/exit rules and position sizing.
---
**Tip:** Start with the suggested day-trading profile. Use this oscillator as your **gate** (only trade with it), let your entry engine time executions, and rely on your exit tool for standardized profit-taking.
SMT Oscillator: Smarter Money Divergence Detector [PhenLabs]📊Phenlabs - SMT Oscillator: Smarter Money Divergence Detector
Version: PineScript™v6
📌Description
The SMT Oscillator is a sophisticated tool designed to identify smart money divergence between two correlated assets. By analyzing the momentum and volume-weighted price action of a primary and secondary symbol, traders can spot subtle shifts in market dynamics that often precede significant price movements. This indicator is built to provide a clearer, more filtered view of inter-market relationships, solving the common problem of false signals and market noise. Its primary purpose is to equip traders with a quantifiable edge in detecting potential reversals or continuations that are not obvious on a standard price chart.
🚀Points of Innovation
Dual-Symbol Divergence Core: Directly compares momentum (RSI or MACD) between two user-selected symbols to pinpoint true SMT divergence.
Volume-Weighted Analysis: Integrates volume delta into the divergence calculation, giving more weight to moves backed by significant market participation.
Entropy Filter for Noise Reduction: Employs an entropy calculation to filter out low-quality signals during choppy or consolidating market conditions.
Predictive Forecast Line: Utilizes a linear regression model to project the oscillator’s future trajectory, offering a forward-looking glimpse of potential momentum shifts.
Customizable Signal Sensitivity: Allows fine-tuning of overbought and oversold levels to adapt to different market volatilities and trading styles.
Integrated Signal Alerts: Provides built-in alerts for bullish/bearish zero crosses and overbought/oversold conditions.
🔧Core Components
Momentum Engine: The user can select either RSI or MACD as the underlying engine for the divergence calculation, allowing for flexibility in analysis.
Normalization Function: Price data from both symbols is normalized using percentage change to ensure a true “apples-to-apples” comparison, regardless of their nominal price differences.
Divergence Calculator: The core algorithm that subtracts the secondary symbol’s momentum from the primary’s and normalizes the result using the combined standard deviation.
Smoothing Mechanism: An Exponential Moving Average (EMA) is applied to the raw oscillator output to reduce choppiness and provide a clearer signal line.
🔥Key Features
Multi-Asset Comparison: Go beyond single-asset analysis by comparing correlated pairs like ES/NQ or BTC/ETH to uncover hidden trading opportunities.
Heatmap Visualization: An optional heatmap mode provides an intuitive visual representation of divergence strength, making it easier to gauge market sentiment at a glance.
Configurable Lookback and Timeframe: Adjust the lookback period and analysis timeframe to suit your specific strategy, from short-term scalping to long-term trend analysis.
Signal Markers: Visual markers are plotted directly on the chart for bullish and bearish zero-line crossovers, providing clear entry and exit signals.
🎨Visualization
SMT Oscillator Line: The primary visual element, colored blue for bullish (positive) divergence and orange for bearish (negative) divergence.
Zero Line: A solid horizontal line at the zero level, indicating the equilibrium point between the two assets. Crossovers of this line signal a shift in relative strength.
Overbought/Oversold Zones: Dotted lines at the +80 and -80 levels (customizable) that highlight extreme divergence readings, often indicating potential exhaustion points.
Forecast Line: A predictive line that plots the anticipated path of the oscillator, giving traders an advanced warning of potential changes in momentum.
📖Usage Guidelines
Setting Categories
Primary Symbol
Default: (Chart Symbol)
Description: The main asset you are analyzing. Leave blank to use the symbol currently on your chart.
Secondary Symbol
Default: CME_MINI:ES1! (used with NASDAQ futures due to inherent heavy correlation
Description: The asset to compare against the primary symbol.
Lookback Period
Default: 14
Range: 8-100
Description: Controls the calculation window for momentum (RSI/MACD). Higher values result in a smoother, less sensitive oscillator.
Divergence Type
Default: RSI
Options: RSI, MACD
Description: Choose the momentum indicator to use for the divergence calculation.
Enable Volume Weighting
Default: true
Description: When enabled, gives more weight to divergence signals that are accompanied by significant volume.
✅Best Use Cases
Identifying high-probability reversal points by spotting divergence in overbought or oversold territory.
Confirming the strength of a trend by observing sustained positive or negative divergence.
Pairs trading by taking a long position on the outperforming asset and a short position on the underperforming one during a divergence.
Risk management by recognizing when a current trend is losing its underlying momentum.
⚠️Limitations
Requires Correlated Assets: The indicator’s effectiveness is highly dependent on the selection of two assets with a known correlation (e.g., ES and NQ).
Not a Standalone System: Divergence signals should be used in conjunction with other forms of analysis (price action, market structure) and not as a complete trading system.
Lagging by Nature: As it is based on moving averages and past price data, the oscillator is inherently lagging and may not capture all rapid price changes.
💡What Makes This Unique
Combined Momentum & Volume: Unlike standard oscillators, it fuses momentum with volume delta for a more robust “Smart Money” perspective.
Noise-Filtering Mechanism: The proprietary entropy filter is a unique feature designed to weed out insignificant market chatter and focus on high-conviction signals.
🔬How It Works
Data Normalization:
The script first normalizes the price data of the two selected symbols into percentage changes. This ensures that the comparison is fair, regardless of the difference in their price scales.
Momentum Calculation:
It then calculates the chosen momentum value (either RSI or MACD histogram) for each of the normalized price series.
Divergence Computation:
The core of the indicator lies in subtracting the momentum of the secondary symbol from the primary one. This raw divergence is then optionally weighted by volume and filtered for market noise (entropy) to produce the final oscillator value.
💡Note:
For best results, use this indicator on adequate timeframes to filter out market noise. Always confirm signals with price action analysis before entering a trade.
Ichimoku Cloud Signals [sgbpulse] Ichimoku Cloud Signals – Your Advanced Trading Tool
Meet Ichimoku Cloud Signals, the enhanced and interactive version of the classic Ichimoku Cloud indicator, designed specifically for TradingView traders seeking precision and flexibility in their trading decisions. This indicator allows you to maximize the Ichimoku's potential by customizing trend criteria, receiving clear visual signals for entering and exiting positions, and getting alerts to keep you informed.
Introduction to the Ichimoku Cloud
The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a comprehensive technical analysis tool developed in Japan. It provides a broad view of the market: trend direction, momentum, and support and resistance levels. "Ichimoku Cloud Signals" takes this power and amplifies it with advanced features.
Key Components of the Ichimoku Cloud
The indicator displays all five familiar Ichimoku lines, along with the "Cloud" (Kumo):
Tenkan-sen (Conversion Line): Calculated as the average of the highest high and lowest low over the past 9 periods. A fast, short-term indicator used as a measure of immediate momentum.
Kijun-sen (Base Line): Calculated as the average of the highest high and lowest low over the past 26 periods. A medium-term reference line serving as a significant support/resistance level.
Senkou Span A (Leading Span A): The average of the Tenkan-sen and Kijun-sen, shifted 26 periods forward into the future.
Senkou Span B (Leading Span B): The average of the highest high and lowest low over the past 52 periods, also shifted 26 periods forward into the future.
Kumo (Cloud): The area between Senkou Span A and Senkou Span B. Its color changes: green for an uptrend (when Senkou Span A is above Senkou Span B) and red for a downtrend (when Senkou Span B is above Senkou Span A). The Cloud serves as a dynamic area of support/resistance and a tool for forecasting future trends.
Chikou Span (Lagging Span): The current closing price, shifted 26 periods backward into the past. It serves as a powerful trend confirmation tool.
How the Ichimoku Cloud Works and How to Interpret It
Trend Identification :
- Uptrend (Bullish): The price is above the Cloud. The higher the price is above the Cloud, the stronger the trend.
- Downtrend (Bearish): The price is below the Cloud. The lower the price is below the Cloud, the stronger the trend.
- Range/Consolidation: The price is within the Cloud. This indicates a market without a clear direction or one that is consolidating.
Support and Resistance:
- The Cloud itself acts as a dynamic area of support and resistance. In an uptrend, the Cloud serves as support. In a downtrend, it serves as resistance.
- A thick Cloud indicates stronger support/resistance levels, while a thin Cloud indicates weaker levels.
The Cloud as a Predictive Indicator:
The uniqueness of the Kumo (Cloud) lies in its ability to be shifted 26 periods forward. This part of the Cloud provides forecasts for future support and resistance levels and even suggests expected trend changes (like a "Kumo Twist" – a change in Cloud color), giving you a planning advantage.
Unique Advantages of Ichimoku Cloud Signals:
Ichimoku Cloud Signals takes the classic Ichimoku principles and gives you unprecedented control:
Focused Trend Selection:
Choose whether you want to analyze a bullish (uptrend) or bearish (downtrend) trend. The indicator will focus on the relevant criteria for your selection.
Customizable Trend Confirmation Criteria (8 Criteria):
The indicator relies on 8 key criteria for clear trend confirmation. You can enable or disable each criterion individually based on your trading strategy and desired risk level. Each criterion plays a vital role in confirming the strength of the trend:
- Price position relative to the Cloud (Kumo) (Default: true): Determines the main trend direction and whether it's bullish or bearish.
- Price position relative to Kijun-sen (Base Line) (Default: true): Indicates the medium-term trend and acts as a critical equilibrium level.
- Price position relative to Tenkan-sen (Conversion Line) (Default: false): Provides quick confirmation of current momentum and short-term market changes.
- Tenkan-sen (Conversion Line) / Kijun-sen (Base Line) Crossover (Default: true): A classic signal for momentum change, crucial for identifying entry points.
- Current Cloud trend (Kumo) (Default: false): Cloud color confirms the main trend direction in real-time.
- Projected Future Cloud trend (Kumo) (Default: true): Indicates an expected future change in the Cloud's trend, providing strong visual insight.
- Chikou Span (Lagging Span) position relative to the Cloud (Kumo) (Default: true): Confirms the current trend strength by comparing the price to the Ichimoku 26 periods ago.
- Chikou Span (Lagging Span) position relative to the Price (Default: false): Additional confirmation of trend strength, indicating buyer/seller dominance.
Full Customization of Ichimoku Parameters:
You can change the period lengths for each Ichimoku component, depending on your strategy:
- Conversion Line Length (Default: 9)
- Base Line Length (Default: 26)
- Leading Span Length (Default: 52)
- Cloud Lagging Length (Default: 26)
- Lagging Span Length (Default: 26)
Visual Criteria Table on the Chart:
Get immediate and clear feedback! A visual table is placed on the chart, showing in real-time which of the 8 criteria you have defined are met for your chosen trend. Criteria you have enabled will be highlighted with a blue color and a "➤" symbol, while disabled criteria will appear in a subtle gray shade. For each criterion, the table shows its real-time status with a "✔" symbol if the condition is met and an "✘" symbol if it is not met. This powerful visual tool provides a quick assessment, helps with learning, and allows for strategy optimization at the click of a button.
Precise Criteria Details in the Data Window:
Beyond the visual table, the indicator provides an additional critical layer of detail: for any point on the chart, you can hover over a candle and see in TradingView's Data Window the precise status and values of all eight criteria. For each criterion, you'll see a clear numerical value (1 or 0) indicating whether it's fully met (1) or not met (0). Additionally, you can inspect the exact numerical values of the Ichimoku lines (Tenkan-sen, Kijun-sen, etc.) at that specific moment. This comprehensive data supports in-depth analysis, strategy debugging, and long-term optimization, providing complete transparency regarding every component of the signal.
Smart and Customizable Alerts:
Ichimoku Cloud Signals provides a powerful alert system to keep you informed of key market movements, so you never miss an opportunity. There are eight unique alerts you can enable in TradingView's alert panel:
Uptrend Entry Alert: Triggers when all of your selected criteria for an uptrend are met on a new candle.
Uptrend Exit Alert: Triggers when one of your selected uptrend criteria is no longer met, signaling a potential exit point.
Downtrend Entry Alert: Triggers when all of your selected criteria for a downtrend are met on a new candle.
Downtrend Exit Alert: Triggers when one of your selected downtrend criteria is no longer met, signaling a potential exit point.
Bullish Crossover Alert: Triggers when the Conversion Line (Tenkan-sen) crosses above the Base Line (Kijun-sen), a classic signal for an upward momentum shift.
Bearish Crossover Alert: Triggers when the Conversion Line (Tenkan-sen) crosses below the Base Line (Kijun-sen), signaling a potential shift to downward momentum.
Bullish Cloud Breakout Alert: Triggers when the price closes above the Ichimoku Cloud (Kumo), indicating a strong bullish trend.
Bearish Cloud Breakout Alert: Triggers when the price closes below the Ichimoku Cloud (Kumo), indicating a strong bearish trend.
Each alert can be independently configured in TradingView's alert panel, allowing you to tailor your notifications to fit your exact trading strategy and risk management preferences.
Summary:
Ichimoku Cloud Signals is an essential tool for TradingView traders seeking control, clarity, and precision. It combines the power of the classic Ichimoku Cloud indicator with advanced customization capabilities, a convenient visual table, and clear signals, empowering you to make informed trading decisions and stay focused on managing your positions.
Important Note: Trading Risk
This indicator is intended for educational and informational purposes only and does not constitute investment advice or a recommendation for trading in any form whatsoever.
Trading in financial markets involves significant risk of capital loss. It is important to remember that past performance is not indicative of future results. All trading decisions are your sole responsibility. Never trade with money you cannot afford to lose.
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