Zero Lag Delta System [Hybrid Version] - Inverted🔹 Zero Lag Delta System — Inverted 🔹
The Zero Lag Delta System is a hybrid momentum oscillator designed to capture real-time trend shifts and market strength with maximum responsiveness and minimum lag.
Unlike traditional moving averages or momentum indicators, this tool applies a zero lag smoothing algorithm on price data to reduce delay without sacrificing stability.
It then measures the dynamic delta — the difference between two zero lag averages — to track the push and pull between bullish and bearish pressure in real time.
Key Features:
📈 Bullish momentum appears as green bars rising above the centerline.
📉 Bearish momentum appears as red bars falling below the centerline.
🧠 Zero lag smoothing provides faster and cleaner trend recognition.
🧩 Dynamic bands adapt to volatility, highlighting when moves are statistically significant.
🎯 Auto background coloring shows when momentum is strong, weak, or neutral.
🔔 Built-in alerts for bullish and bearish zero crosses.
🧠 How to Trade with Zero Lag Delta System:
1. Bullish Cross:
Signal: Delta crosses above the zero line.
Possible Action: Look for potential long (buy) opportunities.
2. Bearish Cross:
Signal: Delta crosses below the zero line.
Possible Action: Look for potential short (sell) opportunities.
3. Breakout Above Upper Band:
Signal: Strong bullish momentum confirmed by breakout over the dynamic upper band.
Possible Action: Consider aggressive long entries with trend confirmation.
4. Breakout Below Lower Band:
Signal: Strong bearish momentum confirmed by breakout under the dynamic lower band.
Possible Action: Consider aggressive short entries with trend confirmation.
5. Return to Neutral Zone:
Signal: Delta moves back toward the centerline, indicating weakening momentum.
Possible Action: Be cautious, tighten stops, or stay neutral until a clear signal emerges.
📚 Example Trading Scenarios:
Trend Entry:
When delta crosses above the zero line and stays above, price often enters a healthy uptrend. Look for pullbacks to enter with the trend.
Breakout Confirmation:
If delta moves sharply outside the dynamic bands (especially after consolidation), it often confirms a new momentum breakout.
Divergence Detection:
If price makes new highs but delta fails to do so (or vice versa), it may hint at hidden reversal opportunities.
⚡ Why Use Dynamic Bands Instead of Fixed Levels?
Unlike traditional 20/80 fixed levels that assume static market behavior, dynamic bands adapt automatically to current volatility conditions.
This ensures the indicator remains highly sensitive during calm markets, yet avoids overreacting during high-volatility phases.
Dynamic bands provide:
✅ Better precision in spotting true momentum breakouts.
✅ More accurate filtering of noise during sideways markets.
✅ A more adaptive and universal system across different assets (forex, crypto, stocks).
🔥 Final Thoughts:
The Zero Lag Delta System provides a simple yet powerful visual framework for understanding price momentum at a deeper level.
Use it alongside your existing strategy to refine entries, exits, and overall trend bias.
As always, combine with price action and risk management for best results.
This is an educational idea, and past performance may not replicate itself.
Happy trading! 🚀
Trend Analysis
Sniper Core XT [Indicator Edition]🔫 SNIPER CORE XT — ZLEMA-Based Trend, Momentum & Volume Confirmation
⚙️ How It Works (What Makes It Unique):
Sniper Core XT is a precision crypto trading tool that visualizes real-time trend, momentum, volume, and volatility confirmation. Built from the ground up using Pine Script v5, it is optimized for semi-manual or alert-driven trading on the 1H timeframe.
Instead of relying on indicator mashups, Sniper Core XT builds its logic around the ZLEMA (Zero Lag Exponential Moving Average) trend engine, refined with strict momentum, volume, and volatility filters to highlight only high-probability trading opportunities.
🧠 Core Logic & Components:
ZLEMA Trend Engine:
Plots fast, slow, and signal ZLEMA lines to detect clean trend transitions with minimal lag, enabling early, reliable trend identification.
Vortex Direction & Strength Filter:
Confirms directional bias based on Vortex Indicator internals. Signals only activate when vortex strength exceeds a customizable threshold and aligns with ZLEMA trend.
Volume Confirmation via ZLEMA of Volume:
Uses adaptive volume confirmation, requiring current volume to exceed a ZLEMA-smoothed threshold to validate breakout moves.
Normalized Volatility-Adjusted Momentum Filter:
Measures momentum via a normalized, ATR-adjusted rate of change. Filters out low-momentum or exhausted moves before they trigger false signals.
Real-Time Take Profit Tracking:
Plots real-time TP1 and TP2 targets after entry. Visual labels confirm when TP1 or TP2 are hit, without relying on broker execution.
Non-Canvas Dashboard:
Includes a fully integrated live table showing:
Current Signal (Long, Short, None)
Entry Price
TP1/TP2 Status
Trend Direction
Bars Since Entry
Exit Signals for Trend Weakness:
Plots exit labels when trend strength fades or reverses, allowing traders to manually close positions with precision.
🧪 Indicator Use & Applications:
Designed for manual or semi-automated crypto trading
Ideal for trending pairs and medium-high volatility environments
Compatible with external bots through alerts (WunderTrading, PineConnector, 3Commas, etc.)
Suited for 1H timeframe, but adjustable
🛡️ Indicator Style:
Feature Value
Repainting ❌ Never
Cooldown Mechanism ✅ 1-Bar
TP1/TP2 Tracking ✅ Built-in
Alert Compatibility ✅ Full support
Recommended Timeframe 🕒 1H
Entry & Exit Labels ✅
⚠️ Disclaimer:
This indicator is for educational and informational purposes only. It does not constitute financial advice. Always practice proper risk management and confirm entries with your own analysis before executing trades.
HTF Candle + OHLC Line Extensions📈 Script Title:
HTF Candle + OHLC Line Extensions
✨ Capabilities Overview:
This Pine Script plots a dynamic Higher Timeframe (HTF) candle on your current (lower) chart.
It visually highlights:
• A solid "candle body" based on the highest close and lowest close within the selected HTF range.
• An optional wick representing the absolute high and low of that HTF period.
• Extended lines projecting the HTF Open, High, Low, and Close levels onto the current chart.
• Labels displaying the exact OHLC prices next to their respective lines.
• A central label naming the selected HTF.
This makes it easy to track HTF structure, key levels, and trends without switching chart timeframes.
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⚙️ Inputs Explained and How to Set Them:
Input Name Description Recommended Settings
Higher Timeframe (htf_label) The timeframe to build the candle from (e.g., 4H, 1D, etc.). Choose a timeframe higher than your chart's timeframe (e.g., use 4H if on a 30min chart).
Offset to Right (bars) (offset_bars) Number of bars to shift the HTF candle to the right of current price action. Default 2 is good; increase if you want more spacing.
Show Wicks? (show_wicks) Toggles drawing of the wick (high-low range). Leave on for a more complete candle look. Turn off for cleaner appearance.
OHLC Line Color (line_color) Color of the Open, High, Low, Close extension lines. Pick a color that stands out on your chart (e.g., yellow).
OHLC Line Thickness (line_thickness) Thickness of the OHLC lines. Default 2 is visible but subtle. Increase for stronger emphasis.
OHLC Line Style (line_style) Solid, dotted, or dashed style for the OHLC lines. - Solid for strong levels
- Dotted for secondary importance
Candle Bullish Color (candle_up_color) Fill color for bullish HTF candles. Use a green shade.
Candle Bearish Color (candle_down_color) Fill color for bearish HTF candles. Use a red shade.
Bullish Wick Color (bullish_wick_color) Color of the wick for bullish candles. Match or slightly lighten the bullish candle color.
Bearish Wick Color (bearish_wick_color) Color of the wick for bearish candles. Match or slightly lighten the bearish candle color.
Bullish Border (bullish_candle_border) Color for the border of bullish candles. Usually match the candle body or make slightly darker.
Bearish Border (bearish_candle_border) Color for the border of bearish candles. Same principle as bullish borders.
Label Text Color (label_text_color) Text color for OHLC labels. White for dark charts; Black for light charts.
Label Background Color (label_bg_color) Background color for labels (for readability). Usually opposite of your chart background (e.g., black background on light charts).
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📋 Detailed Script Behavior:
1. Timeframe Handling:
• Converts the user’s selection (htf_label) into minutes.
• Calculates how many chart bars make up the selected HTF period.
• Dynamically adapts even if the market is closed (no reliance on session endings).
2. HTF OHLC Calculation:
• Open: First bar’s open within HTF window.
• High/Low: Highest high and lowest low within HTF window.
• Close: Most recent bar’s close.
• High Close / Low Close: Highest and lowest closes for the candle body.
3. Plotting:
• Candle Body: Draws a box between highest close and lowest close.
• Wick: (Optional) Line connecting absolute High and Low.
• OHLC Lines: Drawn from where the price was observed to the HTF candle.
• Labels: Show precise O/H/L/C prices and the timeframe name.
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📢 Important Usage Tips:
• Best Practice: Always select an HTF that’s higher than your current chart (for clarity).
For example:
o Chart: 15 min → HTF: 1H, 4H
o Chart: 1H → HTF: 4H, 1D
• Offset: If your chart is crowded, increase "Offset to Right" to move the candle visualization farther out.
• Customization: Adjust colors and line styles to match your chart theme for better visibility.
• Performance: Drawing many elements every bar is lightweight here, but on very high-frequency charts (like 1-min), it can cause slight lag.
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🧠 Summary
This script is a powerful visual aid for traders who:
• Want to see HTF structure without changing charts.
• Like to track key HTF levels (especially Open, High, Low, Close).
• Prefer a minimal, customizable display that's easy to align with their chart styles.
Market Volatility KeyMarket Volatility Key is a compact dashboard tool designed to help traders quickly assess market conditions related to volatility, trend strength, and asset movement.
This indicator consolidates several key metrics into a color-coded table, providing traders with a real-time overview of the market’s volatility landscape. It is intended to complement existing trading strategies, particularly for trend-following and scalping approaches.
Key Features:
Choppiness Index (CHOP): Measures whether the market is trending or consolidating.
Average True Range (ATR): Customizable by timeframe, helping gauge volatility across different periods.
Volatility Index (VIX): Displays real-time VIX readings, often used as a "fear gauge" for market sentiment.
10-Year US Treasury Bond Yield (10Y): Shows current bond yield to monitor macroeconomic conditions.
Bitcoin (BTC/USD): Tracks price along with directional movement.
Dollar Index (DXY): Displays the strength of the US dollar.
MAG 7 Index: A custom average of Microsoft, Apple, Alphabet, Amazon, Tesla, Meta, and NVIDIA prices.
Visual Enhancements (April 2025 Update):
Directional Arrows: BTC, DXY, MAG7, VIX, and 10Y Bond rows now show ▲ (up), ▼ (down), or → (sideways) based on price movement.
Dynamic Value Colors:
Green for rising prices (BTC, DXY, MAG7, 10Y Bond)
Red for falling prices
For VIX, rising volatility is shown in red and falling volatility in green to better reflect market sentiment.
Customization Options:
Adjustable ATR timeframe
Adjustable table position (top, middle, or bottom right)
Selectable font size (small, medium, large)
Intended Use: This script provides a high-level visual summary of multiple market indicators in one place. It is designed to assist traders in recognizing potential changes in volatility and market sentiment without replacing other forms of technical or fundamental analysis.
Sniper Core XT🔫 SNIPER CORE XT — ZLEMA-Based Trend + Momentum Strategy for Crypto
⚙️ How It Works (What Makes It Unique):
Sniper Core XT is a fully automated, non-repainting crypto strategy that combines a purpose-built trend detection system with volatility, volume, and momentum confirmation. It is designed from scratch in Pine Script v5 and optimized for bot deployment, copy trading, or semi-manual execution on the 1H timeframe.
Unlike a simple indicator mashup, this strategy builds its logic around one core component — ZLEMA (Zero-Lag Exponential Moving Average) — and then selectively adds only supporting filters that refine trend detection and execution logic.
🧠 Core Logic & Components:
ZLEMA Trend Engine:
The main trend signal comes from a fast vs. slow ZLEMA crossover. ZLEMA is chosen for its responsiveness and minimal lag, giving traders earlier entries without the noise of standard EMAs.
Vortex Direction & Strength Filter:
Uses Vortex Indicator internals to measure directional conviction. The strategy only enters if the vortex aligns with ZLEMA direction and shows minimum strength based on a customizable threshold.
Volume Confirmation via ZLEMA of Volume:
Filters out weak moves by confirming that current volume exceeds the ZLEMA-smoothed average of volume, creating adaptive volume thresholds.
Adaptive Momentum Filter:
Momentum is measured by a normalized rate-of-change adjusted for volatility (ATR). This helps avoid flat market entries and overextends.
Hardcoded Stop Loss (2%) and Dual TP:
TP1: 50% profit scale-out
TP2: Full closure
Stop loss exits on bar close, not using built-in SL/TP orders — this allows reentry if conditions remain favorable.
Real-Time Non-Canvas Dashboard:
A lightweight table shows entry price, trend direction, TP1/TP2/SL hit status, and bars in trade — all configurable for screen position and font size.
One-Bar Cooldown Mechanism:
Prevents entering and exiting on the same bar. Reinforces realistic execution logic and avoids repaint artifacts.
🧪 Strategy Use & Applications:
Designed for 1H trading of trending crypto pairs
Works well in medium-to-high volatility conditions
Fully supports multi-exchange alerts for integration with:
WunderTrading
3Commas
Cornix
PineConnector
🛡️ Strategy Style:
Feature Value
Repainting ❌ Never
Entry Cooldown ✅ 1-Bar
SL Handling ✅ 2% from entry (hardcoded)
TP1/TP2 ✅ Built-in (limit orders)
Alert Compatible ✅ Fully supported
Timeframe 🕒 1H recommended
⚠️ Disclaimer:
This is not financial advice. All signals are based on historical logic and may differ in live markets. Always use proper position sizing and risk management.
📌 Publishing Notes
This strategy is original and built from scratch. While it uses ZLEMA and Vortex as components, all logic — including volume filters, momentum filters, TP/SL logic, and dashboard — has been custom-coded and tested specifically for crypto trend-following on the 1H timeframe.
Market Breadth Peaks & Troughs IndicatorIndicator Overview
Market Breadth (S5TH) visualizes extremes of market strength and weakness by overlaying -
a 200-period EMA (long-term trend)
a 5-period EMA (short-term trend, user-adjustable)
on the percentage of S&P 500 constituents trading above their 200-day SMA (INDEX:S5TH).
Peaks (▼) and troughs (▲) are detected with prominence filters so you can quickly spot overbought and oversold conditions.
⸻
1. Core Logic
Component Description
Breadth series INDEX:S5TH — % of S&P 500 stocks above their 200-SMA
Long EMA 200-EMA to capture the primary trend
Short EMA 5-EMA (default, editable) for short-term swings
Peak detection ta.pivothigh + prominence ⇒ major peaks marked with red ▼
Trough detection (200 EMA) ta.pivotlow + prominence + value < longTroughLvl ⇒ blue ▲
Trough detection (5 EMA) ta.pivotlow + prominence + value < shortTroughLvl ⇒ green ▲
Background shading Pink when 200 EMA slope is down and 5 EMA sits below 200 EMA
⸻
2. Adjustable Parameters (input())
Group Variable Default Purpose
Symbol breadthSym INDEX:S5TH Breadth index
Long EMA longLen 200 Period of long EMA
Short EMA shortLen 5 Period of short EMA
Pivot width (long) pivotLen 20 Bars left/right for 200-EMA peaks/troughs
Pivot width (short) pivotLenS 10 Bars for 5-EMA troughs
Prominence (long) promThresh 0.5 %-pt Depth filter for 200-EMA pivots
Prominence (short) promThreshS 3.0 %-pt Depth filter for 5-EMA pivots
Trough level (long) longTroughLvl 50 % Max value to accept a 200-EMA trough
Trough level (short) shortTroughLvl 30 % Max value to accept a 5-EMA trough
⸻
3. Signal Guide
Marker / Color Meaning Typical reading
Red ▼ Major breadth peak Overbought / possible top
Blue ▲ Deep 200-EMA trough End of mid-term correction
Green ▲ Shallow 5-EMA trough (early) Short-term rebound setup
Pink background Long-term down-trend and short-term weak Risk-off phase
⸻
4. Typical Use Cases
1. Counter-trend timing
• Fade greed: trim longs on red ▼
• Buy fear: scale in on green ▲; add on blue ▲
2. Trend filter
• Avoid new longs while the background is pink; wait for a trough & recovery.
3. Risk management
• Reduce exposure when peaks appear, reload partial size on confirmed troughs.
⸻
5. Notes & Tips
• INDEX:S5TH is sourced from TradingView and may be back-adjusted when index membership changes.
• Fine-tune pivotLen, promThresh, and level thresholds to match current volatility before relying on alerts or automated rules.
• Slope thresholds (±0.10 %-pt) that trigger background shading can also be customized for different market regimes.
Accurate Global M2 (Top10 GDP, FX-Stabilized)This script was created to solve the serious distortions found in other circulating "Global M2" indicators.
Many previous versions used noisy daily FX rates, unweighted country data, mixed liquidity categories (e.g., RRP, TGA), or aggregated low-quality sources, causing exaggerated or misleading charts.
This version fixes those problems by:
Using Top 10 global economies only (based on GDP).
GDP-weighting each country's M2 contribution.
Fetching monthly-averaged M2 data.
Applying monthly FX conversions to eliminate daily volatility noise.
Forward-shifting the M2 line (default 90 days) to study potential Bitcoin correlations.
Keeping the math clean, without mixing central bank liquidity tools with broad M2 aggregates.
As a result, this script provides a more realistic and stable representation of global M2 expansion in USD terms, more suitable for serious macroeconomic analysis and Bitcoin market correlation studies.
GZ Indicator✍️ Description:
GZ Indicator is an advanced indicator that automatically detects Golden Zones, optimal market entry zones based on the latest significant pivots. The system uses Fibonacci extensions to project precise price targets, while providing a dynamic, visual stop-loss.
Main features:
- Pivot Detection: Automatic identification of significant pivots (high/low).
- Optimal Entry Zones (OTE): Automatically calculates ideal entry zones based on Fibonacci retracements.
- Precise Targets: Displays price targets with Fibonacci extensions.
- Dynamic Stop-Loss: Visual stop-loss zone adjusted to market conditions.
- RSI and MACD display: Add an RSI and MACD chart to facilitate trend analysis and confirm your entries.
- Intelligent refresh: Automatic deletion of the active zone as soon as the stop-loss is reached.
🔥 Key features:
Automatic detection of significant pivots (highs and lows)
Dynamic calculation of the OTE (Optimal Trade Entry) zone on retracements 0.618 - 0. 705
Clear display of price targets based on extensions
Intelligent updating: old zones are retained for historical analysis
Automatic deletion of current zone if Stop-Loss is reached
Contextual RSI and MACD chart for improved trend analysis
Code optimized for minimum recalculations, fluid even on fast time units.
⚡ How to use it:
Spot the appearance of a Golden Zone.
Enter a position in the zone with RSI/MACD or price action confirmation.
Use the targets displayed to set your progressive Take-Profits.
Respect the Stop-Loss zone automatically drawn.
🛠️ Available parameters:
Activate/deactivate RSI/MACD chart
Choose number of pivots for detection
Display old targets
[⚠️ Disclaimer:
This indicator is a decision-making tool. It is not intended to be used as financial advice. Please always perform your own analysis and manage your risks properly.
🔥 Bon trading ! 🚀
Cointegration Buy and Sell Signals [EdgeTerminal]The Cointegration Buy And Sell Signals is a sophisticated technical analysis tool to spot high-probability market turning points — before they fully develop on price charts.
Most reversal indicators rely on raw price action, visual patterns, or basic and common indicator logic — which often suffer in noisy or trending markets. In most cases, they lag behind the actual change in trend and provide useless and late signals.
This indicator is rooted in advanced concepts from statistical arbitrage, mean reversion theory, and quantitative finance, and it packages these ideas in a user-friendly visual format that works on any timeframe and asset class.
It does this by analyzing how the short-term and long-term EMAs behave relative to each other — and uses statistical filters like Z-score, correlation, volatility normalization, and stationarity tests to issue highly selective Buy and Sell signals.
This tool provides statistical confirmation of trend exhaustion, allowing you to trade mean-reverting setups. It fades overextended moves and uses signal stacking to reduce false entries. The entire indicator is based on a very interesting mathematically grounded model which I will get into down below.
Here’s how the indicator works at a high level:
EMAs as Anchors: It starts with two Exponential Moving Averages (EMAs) — one short-term and one long-term — to track market direction.
Statistical Spread (Regression Residuals): It performs a rolling linear regression between the short and long EMA. Instead of using the raw difference (short - long), it calculates the regression residual, which better models their natural relationship.
Normalize the Spread: The spread is divided by historical price volatility (ATR) to make it scale-invariant. This ensures the indicator works on low-priced stocks, high-priced indices, and crypto alike.
Z-Score: It computes a Z-score of the normalized spread to measure how “extreme” the current deviation is from its historical average.
Dynamic Thresholds: Unlike most tools that use fixed thresholds (like Z = ±2), this one calculates dynamic thresholds using historical percentiles (e.g., top 10% and bottom 10%) so that it adapts to the asset's current behavior to reduce false signals based on market’s extreme volatility at a certain time.
Z-Score Momentum: It tracks the direction of the Z-score — if Z is extreme but still moving away from zero, it's too early. It waits for reversion to start (Z momentum flips).
Correlation Check: Uses a rolling Pearson correlation to confirm the two EMAs are still statistically related. If they diverge (low correlation), no signal is shown.
Stationarity Filter (ADF-like): Uses the volatility of the regression residual to determine if the spread is stationary (mean-reverting) — a key concept in cointegration and statistical arbitrage. It’s not possible to build an exact ADF filter in Pine Script so we used the next best thing.
Signal Control: Prevents noisy charts and overtrading by ensuring no back-to-back buy or sell signals. Each signal must alternate and respect a cooldown period so you won’t be overwhelmed and won’t get a messy chart.
Important Notes to Remember:
The whole idea behind this indicator is to try to use some stat arb models to detect shifting patterns faster than they appear on common indicators, so in some cases, some assumptions are made based on historic values.
This means that in some cases, the indicator can “jump” into the conclusion too quickly. Although we try to eliminate this by using stationary filters, correlation checks, and Z-score momentum detection, there is still a chance some signals that are generated can be too early, in the stock market, that's the same as being incorrect. So make sure to use this with other indicators to confirm the movement.
How To Use The Indicator:
You can use the indicator as a standalone reversal system, as a filter for overbought and oversold setups, in combination with other trend indicators and as a part of a signal stack with other common indicators for divergence spotting and fade trades.
The indicator produces simple buy and sell signals when all criteria is met. Based on our own testing, we recommend treating these signals as standalone and independent from each other . Meaning that if you take position after a buy signal, don’t wait for a sell signal to appear to exit the trade and vice versa.
This is why we recommend using this indicator with other advanced or even simple indicators as an early confirmation tool.
The Display Table:
The floating diagnostic table in the top-right corner of the chart is a key part of this indicator. It's a live statistical dashboard that helps you understand why a signal is (or isn’t) being triggered, and whether the market conditions are lining up for a potential reversal.
1. Z-Score
What it shows: The current Z-score value of the volatility-normalized spread between the short EMA and the regression line of the long EMA.
Why it matters: Z-score tells you how statistically extreme the current relationship is. A Z-score of:
0 = perfectly average
> +2 = very overbought
< -2 = very oversold
How to use it: Look for Z-score reaching extreme highs or lows (beyond dynamic thresholds). Watch for it to start reversing direction, especially when paired with green table rows (see below)
2. Z-Score Momentum
What it shows: The rate of change (ROC) of the Z-score:
Zmomentum=Zt − Zt − 1
Why it matters: This tells you if the Z-score is still stretching out (e.g., getting more overbought/oversold), or reverting back toward the mean.
How to use it: A positive Z-momentum after a very low Z-score = potential bullish reversal A negative Z-momentum after a very high Z-score = potential bearish reversal. Avoid signals when momentum is still pushing deeper into extremes
3. Correlation
What it shows: The rolling Pearson correlation coefficient between the short EMA and long EMA.
Why it matters: High correlation (closer to +1) means the EMAs are still statistically connected — a key requirement for cointegration or mean reversion to be valid.
How to use it: Look for correlation > 0.7 for reliable signals. If correlation drops below 0.5, ignore the Z-score — the EMAs aren’t moving together anymore
4. Stationary
What it shows: A simplified "Yes" or "No" answer to the question:
“Is the spread statistically stable (stationary) and mean-reverting right now?”
Why it matters: Mean reversion strategies only work when the spread is stationary — that is, when the distance between EMAs behaves like a rubber band, not a drifting cloud.
How to use it: A "Yes" means the indicator sees a consistent, stable spread — good for trading. "No" means the market is too volatile, disjointed, or chaotic for reliable mean reversion. Wait for this to flip to "Yes" before trusting signals
5. Last Signal
What it shows: The last signal issued by the system — either "Buy", "Sell", or "None"
Why it matters: Helps avoid confusion and repeated entries. Signals only alternate — you won’t get another Buy until a Sell happens, and vice versa.
How to use it: If the last signal was a "Buy", and you’re watching for a Sell, don’t act on more bullish signals. Great for systems where you only want one position open at a time
6. Bars Since Signal
What it shows: How many bars (candles) have passed since the last Buy or Sell signal.
Why it matters: Gives you context for how long the current condition has persisted
How to use it: If it says 1 or 2, a signal just happened — avoid jumping in late. If it’s been 10+ bars, a new opportunity might be brewing soon. You can use this to time exits if you want to fade a recent signal manually
Indicator Settings:
Short EMA: Sets the short-term EMA period. The smaller the number, the more reactive and more signals you get.
Long EMA: Sets the slow EMA period. The larger this number is, the smoother baseline, and more reliable trend bases are generated.
Z-Score Lookback: The period or bars used for mean & std deviation of spread between short and long EMAs. Larger values result in smoother signals with fewer false positives.
Volatility Window: This value normalizes the spread by historical volatility. This allows you to prevent scale distortion, showing you a cleaner and better chart.
Correlation Lookback: How many periods or how far back to test correlation between slow and long EMAs. This filters out false positives when EMAs lose alignment.
Hurst Lookback: The multiplier to approximate stationarity. Lower leads to more sensitivity to regime change, higher produces a more stricter filtering.
Z Threshold Percentile: This value sets how extreme Z-score must be to trigger a signal. For example, 90 equals only top/bottom 10% of extremes, 80 = more frequent.
Min Bars Between Signals: This hard stop prevents back-to-back signals. The idea is to avoid over-trading or whipsaws in volatile markets even when Hurst lookback and volatility window values are not enough to filter signals.
Some More Recommendations:
We recommend trying different EMA pairs (10/50, 21/100, 5/20) for different asset behaviors. You can set percentile to 85 or 80 if you want more frequent but looser signals. You can also use the Z-score reversion monitor for powerful confirmation.
Trend Degree Dashboard (Table)📈 Trend Degree Dashboard (Table) — v1.0
This indicator calculates and displays the trend angle (in degrees) based on the linear regression of the selected source (default: close) over a user-defined lookback period (default: 21 bars).
The trend angle gives a quick visual reference of the current market slope — positive (uptrend) or negative (downtrend).
A dashboard table shows the trend angle directly on the chart, with a background color:
🟩 Green background for positive angles (uptrend)
🟥 Red background for negative angles (downtrend)
🔧 Features:
Customizable Lookback Period: Set the number of candles to consider for trend calculation.
Source Selection: Apply the analysis to close, open, high, low, or any other price series.
Dashboard Positioning: Choose where the dashboard appears (Top Left, Top Right, Bottom Left, Bottom Right).
Clean Table Design: Minimalistic and easy-to-read dashboard with automatic background color highlighting based on trend direction.
⚙️ How It Works:
It uses Linear Regression to measure the slope between two consecutive points.
Converts the slope into degrees using the arctangent function (atan) for a geometric interpretation of trend strength and direction.
Updates the dashboard table live with the latest angle value.
✅ Script Highlights:
Non-repainting: Once a bar closes, its value is fixed.
Efficient performance: Lightweight table visualization with no heavy calculations.
Clear trading signals: Positive angles suggest bullish momentum, negative angles suggest bearish momentum.
⚠️ Disclaimer:
This script is a technical analysis tool designed to assist in decision-making but does not guarantee results.
Please use it alongside other tools and practice proper risk management. Always test any indicator on demo accounts before applying it to live trading.
Momentum Wave Oscillator📈 Momentum Wave Oscillator (MWO) 📈
The Momentum Wave Oscillator (MWO) is a precision-designed tool for traders who want early, reliable insight into market shifts — before they fully appear on price charts.
Instead of reacting late to moves, MWO is engineered to anticipate changes in momentum by tracking market pressure within a dynamic range.
Its built-in bands and visual cues make it simple to spot key moments where momentum exhaustion, reversals, or fresh breakouts are most likely to occur.
How to Use:
Buy Zones: When the oscillator moves up from lower regions (typically below 20), it may indicate momentum building to the upside.
Sell Zones: When the oscillator moves down from upper regions (typically above 80), it may suggest momentum starting to weaken.
Dynamic Bands:
Unlike conventional fixed levels like 20 and 80, MWO features dynamic adaptive bands that better reflect real-time changes in market behavior.
Markets are fluid — volatility and momentum strength vary from cycle to cycle. Static zones can miss important shifts or produce false signals.
The dynamic bands allow the indicator to adapt naturally to changing conditions, offering more precise context for overbought, oversold, or breakout environments.
Background Colors and Labels:
Automatic highlights appear when potential turning points are detected, allowing traders to act quickly without chart clutter.
Best Practices:
Use the MWO as a confirmation tool alongside your existing strategy (trendlines, support/resistance, volume spikes, etc.).
Look for agreement between the MWO and price action for higher probability entries.
Avoid relying on it in isolation during extremely low-volume periods, where momentum may appear artificially weak or strong.
Adjust sensitivity settings depending on your trading style (scalping vs swing trading).
Important Note:
The MWO is designed for educational and informational purposes. No indicator can predict the future with certainty. Always combine it with proper risk management and your personal trading plan.
Advanced QQE Buy/Sell with Confirmation FiltersAdvanced QQE Buy/Sell with Confirmation Filters
This indicator provides high-probability Buy and Sell signals using an advanced Quantitative Qualitative Estimation (QQE) method, enhanced by optional powerful confirmation filters.
Core Strategy:
📈 QQE Signals: Based on smoothed RSI crossover of dynamic threshold bands.
🎯 Buy Signal: Triggered when RSI crosses above QQE Lower Band.
🎯 Sell Signal: Triggered when RSI crosses below QQE Upper Band.
Optional Confirmation Filters:
🔧 RSI Filter: Only accept buys when RSI > 55 or sells when RSI < 45.
🔧 MACD Histogram Filter: Confirms momentum direction.
🔧 VWAP Filter: Confirms if price is above (bullish) or below (bearish) VWAP.
Customization Options:
Adjust RSI Length, QQE Smoothing Length, and Threshold to match your trading style.
Independently toggle each confirmation filter ON/OFF from the settings.
VWAP line can also be plotted on chart for visual guidance.
Key Features:
Clean Buy (green up label) and Sell (red down label) signals plotted on chart.
Alerts available for Buy/Sell triggers.
Optimized for fast performance and low lag.
Recommended Timeframes:
15min, 1H, 4H, Daily.
Disclaimer:
This indicator is for educational purposes only. Trading involves risk. Always perform your own due diligence.
Developed and optimized by Keyvan 🚀
Event-Based Multi MA v1.1📈 Event-Based Multi MA v1.1 — Smart Trading with Dynamic MA Updates
Overview
In a world where most moving averages blindly follow every candle, Event-Based Multi MA v1.1 introduces a smarter logic:
➡️ Update moving averages only when significant price movements occur.
Forget the noise. Focus on what's important.
This indicator recalculates your moving averages only after meaningful price shifts, allowing you to spot true trends and avoid market whipsaws.
Key Features
✅ Event-Driven Logic
Set events based on:
Points: Absolute price change
Percent: Relative price movement
ATR: Volatility-adjusted dynamic movement
✅ Seven Fully Customizable Moving Averages (MA1–MA7)
Each MA offers:
Custom timeframe
Selection of types (EMA, SMA, WMA, VWMA, HMA, LSMA, DEMA, TEMA, ALMA, RMA)
Adjustable lengths and colors
✅ Reduced Market Noise
MAs adjust only after important price actions — cutting down lag and false signals.
✅ Multi-Timeframe Analysis
You can blend moving averages from different timeframes (e.g., 15m, 1H, Daily) into a single chart — perfect for professional multi-frame strategy building.
Settings Explained
Event Trigger Type: Select Points, Percent, or ATR-based movement.
Event Threshold: The amount of price movement needed to trigger a new calculation.
ATR Length: If ATR mode is selected, this controls the sensitivity.
Each Moving Average (MA1 to MA7) has:
MA Type: Choose the smoothing method that suits your trading style.
Length: The number of bars used in the calculation.
Color: Customize visual styling.
Timeframe: Load MAs from different timeframes into your current chart.
How to Use It in Trading
🔹 Trend Confirmation
Wait for event-triggered updates. Fresh MAs after a significant move are much stronger signals than constantly refreshing MAs.
🔹 Momentum Breakouts
Combine short-term (e.g., MA1, MA2) and long-term (e.g., MA5, MA6) MAs. When short-term MAs cross above/below long-term after an event, it's a powerful breakout cue.
🔹 Dynamic Support/Resistance
Use slow-moving MAs like 100-200 length across different timeframes.
The event-based recalculation keeps them relevant to recent major price moves.
🔹 Volatility Filters
Switch to ATR-based events to adapt moving average updates during volatile periods and calm markets.
Why It Beats Traditional Moving Averages
🚀 No More Overfitting to Every Candle
You focus only on impactful price changes.
🚀 Multi-Timeframe Flexibility
Blend micro and macro views seamlessly in one chart.
🚀 Cleaner Signals, Less Noise
Event-triggered recalculations filter out useless minor price wobbles.
🚀 Customization Beyond Standard MAs
TEMA, HMA, ALMA, DEMA, VWMA — all included for ultra-fine-tuned strategies.
✨ Ready to Upgrade Your Trading?
Forget the old, slow MAs.
Use intelligence. Trade events, not noise.
→ Add Event-Based Multi MA v1.1 to your chart and experience true precision!
OuterBar [DTMM]OuterBar Indicator – Technical Overview
The OuterBar Indicator is a technical analysis tool for TradingView that detects and visualizes "Outer Bars" based on price action.
Core Concept:
An Outer Bar is identified when a candle's closing price exceeds the high or low of the previously confirmed Outer Bar. Positive Outer Bars (close above high) and negative Outer Bars (close below low) are automatically detected.
Features:
Automatic detection of Outer Bars and optional marking of Inner Bars
Visual price range analysis with customizable lines and midpoints
Colored zone visualization for better structural recognition
Extensive customization options for colors, transparency, and number of Outer Bars retained
Applications:
Identifying potential trend reversals or continuation points
Recognizing key support and resistance zones
Analyzing price impulses across different timeframes
Unique Strengths:
Clear visual representation through color-coded candles and zones
Historical analysis support to detect long-term patterns
Flexible adaptation to various trading strategies and markets
The OuterBar Indicator provides a structured view of market price action by focusing on significant breakouts from prior trading ranges, helping traders recognize shifts in momentum and trend direction.
Institutional Composite Moving Average (ICMA) [Volume Vigilante]Institutional Composite Moving Average (ICMA)
The Next Evolution of Moving Averages — Built for Real Traders.
ICMA blends the strength of four powerful averages (SMA, EMA, WMA, HMA) into a single ultra-responsive, ultra-smooth signal.
It reacts faster than traditional MAs while filtering out noise, giving you clean trend direction with minimal lag.
🔹 Key Features:
• Faster reaction than SMA, EMA, or WMA individually
• Smoother and more stable than raw HMA
• Naturally adapts across trend, momentum, and consolidation conditions
• Zero gimmicks. Zero repainting. Full institutional quality.
🔹 Designed For:
• Scalping
• Swing trading
• Signal engines
• Algorithmic systems
📎 How to Use:
• Overlay it on any chart
• Fine-tune the length per timeframe
• Combine with your entries/exits for maximum edge
Created by Volume Vigilante 🧬 — Delivering Real-World Trading Tools.
Triple Confirmation Buy/Sell Engine VWAP + MACD + RSIDescription:
This custom-built indicator generates high-confidence Buy/Sell signals using a powerful combination of MACD momentum, RSI strength, and VWAP trend confirmation — designed for cleaner entries and fewer false signals.
Unlike traditional scripts that rely on only one indicator (and produce noisy or early signals), this system requires triple confirmation, greatly increasing signal quality and reducing false trades.
✅ Buy Signal Conditions:
MACD histogram turns green (momentum shift positive)
RSI crosses above 50 (bullish strength confirmation)
Price closes above VWAP (trend confirmation)
🔻 Sell Signal Conditions:
MACD histogram turns red (momentum shift negative)
RSI crosses below 50 (weakening trend)
Price closes below VWAP (bearish confirmation)
🛠 Best For:
Trend traders seeking higher probability entries
Swing traders who want to catch bigger moves
Crypto, stocks, forex traders looking for simple, effective signals
PivotBox by Nadeem Al-QahwiPivotBox by Nadeem Al-Qahwi
General Idea of the Indicator: The PivotBox indicator is an advanced technical analysis tool designed to identify key reversal points in the market based on pivot highs and pivot lows. The indicator helps traders to detect breakout and breakdown opportunities based on past price movements, guiding informed trading decisions.
Indicator Functions:
Key Reversal Points (Pivot Points):
The indicator identifies pivot highs and pivot lows over a user-defined period, helping traders spot significant price levels in the market.
These points are plotted on the chart, showing where market reversals may occur.
Breakouts and Breakdowns:
The indicator identifies breakouts when the price moves above a pivot high or breakdowns when the price falls below a pivot low.
Once these breakouts or breakdowns are detected, the indicator draws lines indicating the critical price levels for visual reference.
Trend Levels using Zero-Lag MA:
The indicator includes an option to add a Zero-Lag Moving Average (Zero-Lag MA) to display the overall trend in the market. This moving average helps filter out noise and identify the general market direction, improving trade decision-making.
Line Styles:
The pivot points (highs and lows) are displayed using different line styles, such as solid, dashed, or dotted lines. The user can customize the style based on their preference.
These lines represent the breakouts or breakdown levels in the market.
Alerts:
The indicator can activate alerts when a breakout or breakdown occurs. Users can customize the alerts to notify them when specific conditions are met, ensuring that they do not miss significant price movements.
Input Variables:
Period (prd): The time period over which the pivot highs and lows are calculated. The user can define this period based on their trading strategy.
Max Breakout Length (bo_len): The maximum time duration for a breakout or breakdown to occur. This variable helps determine the relevance of the price movement.
Threshold Rate (cwidthu): The width percentage that helps to define the price area for breakouts and breakdowns.
Line Style (lstyle): Allows the user to choose the style of lines used to display the pivot points (solid, dashed, or dotted).
Minimum Number of Tests (mintest): The minimum number of tests required before a breakout or breakdown is considered valid.
How the Indicator Works:
The indicator first calculates the pivot highs and lows based on the user-defined period (Period).
It then tracks price movements to detect if a breakout or breakdown occurs.
When a breakout or breakdown is confirmed, the indicator draws lines at these levels and shows the user the new price direction.
Alerts can be triggered based on predefined conditions such as when a breakout or breakdown occurs.
The Zero-Lag MA helps the user visualize the trend, adding another layer of analysis to the market movements.
Key Benefits:
Accurate Reversal Point Analysis: Helps traders identify key entry and exit points based on precise technical analysis.
Breakout and Breakdown Detection: Allows traders to spot breakout and breakdown opportunities in real-time.
Customizable Alerts: Users can set up alerts to notify them when a breakout or breakdown happens, ensuring they don't miss important market moves.
Flexible Customization: The indicator offers various options to customize the display (line styles, alerts, trendlines), catering to different trading strategies.
DMM Face-Melter Pro v2🔧 Core Components & Functionality
📐 Dynamic Fibonacci Levels (Slow)
Five ultra-reliable zones based on extended Fibonacci sequences (think 377, 610, 987, etc.).
Specifically designed to remain hidden until price proximity matters.
When price action moves within ~10% of one of these levels, it’s automatically activated and displayed.
As price moves away, the level enters a cooldown phase and stops printing on the chart.
Especially powerful in swing setups and macro timeframes, where these levels often mark major turning points or hidden support/resistance, yet are not routinely tracked due their long length.
🧊 Cool 9 + Gradient Suite (Fast to Medium)
Cool 9: A fast-reacting line with a smooth visual gradient stretching to the Fibonacci 34. The gradient visually communicates momentum decay and near-term exhaustion.
Cool 21 and Cool 55: Optional overlays that round out this trio of reactive lines. These mid-length Fib levels are ideal for spotting rhythm-based reversals and continuation patterns.
All three have proven effectiveness across all timeframes, from intraday to monthly charts, with an emphasis on oscillation structure.
🌫 Death Metal Bands (Candle Coloring Logic)
Candle colors shift dynamically based on interaction with a Bollinger Bands–inspired cloud.
Candles get brighter or darker as they close deeper into the upper or lower cloud, giving an intuitive sense of price extremes without extra lines.
The color sequence resets when price enters the middle zone.
Choose between:
Standard Mode: Green/red candles shift toward white/gray.
Low-Stress Mode: Cream/gray candles shift toward purple/blue—for reduced screen fatigue and clearer judgment in high-volatility conditions.
🟨 200-Day Cloud
A cloud-based visualization of the 200-period moving average, enhanced with an embedded Fibonacci level.
Helps identify high-confluence zones that institutional traders often react to, but which are rarely marked with this level of refinement.
🧠 How to Use It
This script was built for traders who need high-signal input and low chart noise:
Swing traders can use the dynamic Fibonacci levels to monitor hidden zones where price often pivots.
Trend followers can lean on the Cool 9 suite to confirm direction and strength in real time.
Visual and discretionary traders will benefit from candle color cues that highlight exhaustion without clashing with other systems or charts.
Paul_BDT Osc. CHOPOverview:
This indicator is an advanced multi-timeframe Choppiness Index tool, designed to help assess market conditions across various timeframes simultaneously. It assists in identifying whether the market is in a trending or ranging (choppy) phase, enhancing decision-making for both scalping and intraday strategies.
This script integrates:
• Choppiness Index computation (with EMA smoothing and Bollinger Bands).
• Multi-timeframe analysis (preset scalping/intraday setups or manual selection).
• Visual aids (color-coded plots, labels, and background highlights).
• Alert mechanisms for key conditions (choppy breakouts and trends).
⸻
Key Features & Functionalities:
1. Choppiness Index Calculation:
• The Choppiness Index (CHOP) quantifies market volatility—whether price action is consolidating (high CHOP values) or trending (low CHOP values).
• Formula:
\text{CHOP} = 100 \times \frac{\log\left(\frac{\sum \text{True Range}}{\text{High}{\text{max}} - \text{Low}{\text{min}}}\right)}{\log(\text{Period})}
• It is smoothed with an Exponential Moving Average (EMA) for stability.
• Bollinger Bands are applied to the CHOP for dynamic range visualization.
⸻
2. Multi-Timeframe Support:
• Preset Modes:
• Scalping Setups: 1min, 3min, 5min, 15min.
• Intraday Setups: 15min, 30min, 1H, 4H.
• Manual Configuration: Three customizable timeframes (e.g., daily, 3-day, weekly).
• Dynamic Display: Traders can choose which timeframes to visualize and whether to display labels with timeframe identifiers.
⸻
3. Visualization Aids:
• Plots:
• Primary CHOP with Bollinger Bands on the current chart’s timeframe (UT).
• Additional CHOP plots across selected timeframes, color-coded for easy differentiation.
• Labels:
• Labels are displayed on the chart for each timeframe, showing the CHOP value and its corresponding timeframe.
• These labels refresh every bar for clarity.
• Background Highlights:
• Signals choppy breakouts with a yellow overlay when the CHOP crosses below both its EMA and a set threshold (default: 50).
⸻
4. Alert System:
Two main alert types are built-in:
• Choppy Trend Alerts: Triggered when the CHOP crosses below the threshold (e.g., 50), signaling a potential shift toward a trending market.
• Choppy Spike Alerts: Activated when CHOP crosses below both its EMA and the threshold within a single candle—indicative of sudden shifts in market conditions.
• Alerts include:
• Directional bias (Long or Short based on candle close).
• Open/close levels.
• Stop-loss reference (previous bar’s high/low).
• Timestamp in the chosen time zone.
⸻
Strategic Application:
• Ranging Markets:
• CHOP values above threshold indicate high choppiness (consolidation).
• Suitable for range-bound strategies (mean reversion, scalping inside ranges).
• Trending Markets:
• CHOP values below threshold signal trending phases.
• Optimal for momentum or breakout strategies.
• Multi-Timeframe Edge:
• Cross-referencing CHOP conditions across multiple timeframes helps confirm higher probability setups.
• E.g., alignment between intraday and higher timeframes enhances confidence in trend continuations or reversals.
• Choppy Spikes:
• The spike detection (cross below both EMA and threshold within one candle) flags rapid transitions—potential breakout or breakdown scenarios.
⸻
Customization :
• Adapt CHOP period length and threshold based on asset volatility.
• Configure specific timeframes matching your strategy (scalping, intraday, swing).
• Enable or disable visual components (labels, background highlights, alerts) for a cleaner interface.
⸻
Conclusion:
This indicator provides a comprehensive and adaptable tool to monitor market structure dynamics across multiple timeframes. It’s particularly effective in discerning the right trading environment—whether to engage in trend-following or range-bound strategies. The integration of visual cues and proactive alerts ensures being informed of critical market transitions, enhancing timing and risk management.
Death Metal Fire & IceA dynamic support/resistance system built from modified Fibonacci-based moving averages, designed to assist with structure identification in trending markets — particularly when price is moving into uncharted territory.
🧠 Core Logic
Twelve Fibonacci-based moving averages are mathematically adjusted by the square root of a standard trading Fibonacci ratio to create projected zones above and around price. These dynamic levels are labeled L1 to L12 and automatically adjust with trend velocity and volatility.
Faster levels (L1–L5) often serve as immediate reaction zones in volatile markets and provide ceilings for rising price action.
Slower levels (L6–L12) tend to behave as longer-term structure — both above and below current price.
These levels are dynamic, non-static, and provide forward-looking structure that adapts as markets move. Price tends to range between these levels until conditions change, which becomes visually apparent through the breaking of support/resistance.
⚙️ Features
Smart Mode: Hides levels that are not relevant to current price proximity. Price action needs to get within 10% of the level for it to appear. If price action moves away from the level, there will be a cooldown period for the line to cease printing on the chart.
Gradient Mode: Fills space between levels with a visual overlay to help visualize distance and potential volatility.
Levels can be toggled on/off individually.
🧩 Use Case
Designed for trending markets where traditional support/resistance is unavailable or unreliable.
Applicable across all assets and timeframes — stocks, crypto, futures, etc.
PumpC Opening Range Breakout (ORB) 5min Range📄 PumpC ORB 5-Minute Opening Range Breakout Indicator
✨ Overview
The PumpC ORB 5-Minute Opening Range Breakout indicator captures early session price action by tracking the high, low, and open of a defined 5-minute window at market open (customized for Futures or Stocks).
It plots breakout levels, extension targets, average range calculations, volume tracking, and provides visual and table-based data summaries.
This indicator is designed for traders seeking a complete, clean visualization of Opening Range Breakouts (ORB) with flexible customization.
⚙️ Main Features
Opening Range Box (ORB Box) Draws a box around the high and low of the first 5-minute session (8:30–8:35 ET for Futures, 9:30–9:35 ET for Stocks). Box extends from the session open to the session close (4:00 PM ET). Option to enable/disable historical boxes. Box color and opacity are customizable. Core ORB Levels Open Level: Plots the open price of the 5-minute ORB window. ORB Levels: Plots breakout levels at multiples: +0.5x the range +1.5x the range (customizable factor) Each level has independent color settings and visibility toggles. Option to show or hide historic extension levels. Table Display Compact table in the top-right corner showing: ORB ATR (average range) ORB ATR in ticks Today's ORB range ORB Volume ATR (average volume during ORB) Today's ORB Volume Volume is formatted automatically into "K" (thousands) or "M" (millions) for readability. Background Highlights After the ORB window closes: Blue highlight if today's ORB range is greater than the 10-day ATR average. Orange highlight if today's ORB range is smaller than the 10-day ATR average. Helps quickly assess relative strength or weakness compared to historical behavior. Alerts Breakout Confirmations: Fires when price closes above ORB High or below ORB Low. Fallout Traps: Alerts when price wick crosses ORB High/Low but closes back inside the range. Alerts use clean titles and simple messages for easy identification.
🔧 Inputs and Customization
Mode Toggle: Choose between Futures (8:30 ET open) or Stocks (9:30 ET open). Show/Hide Labels: Control label visibility for ORB and extension levels. Line Width Control: Customize thickness for ORB lines and extension levels. ORB Level Level Visibility: Independently enable or disable each extension line. Table Appearance: Customize table background color, font color, and padding. ORB Box Settings: Customize box color and control whether historical boxes are drawn.
📚 How to Use
Select Mode: Choose Futures or Stocks depending on your instrument. Observe the Opening Range: Focus on the ORB High and ORB Low during the first 5 minutes after the open. Monitor Breakouts: Breakout alerts will fire when price closes outside the ORB range, signaling potential continuation. Watch for Fallout Traps: Fallout alerts signal when price briefly wicks above/below but closes back inside the ORB range. Use Table Metrics: Instantly compare today's ORB range and volume versus historical averages to assess session strength or weakness.
🛡️ Notes
Best used on the 1-minute or 5-minute chart for intraday trading. Ensure your TradingView chart time zone is set to New York for correct functioning. Alerts must be manually configured after adding the indicator to your chart.
NR4/NR7 + Trend + MACD + VWAP FilterThe Ultimate Momentum-Compression Strategy
This strategy merges the power of price compression and trend confirmation, ensuring you're trading when the market is coiled and ready to move. By combining multiple filters—NR4/NR7, trend alignment, MACD momentum, and VWAP support—this setup identifies high-probability trade opportunities in dynamic, trending stocks. Here's how it works:
NR4/NR7 Patterns: These are narrow-range days where the current price range is smaller than the previous 4 or 7 days. This signals potential breakout or continuation setups, as the market is compressing before making a move.
Trend Confirmation: To ensure you're not trading against the current trend, the price must be above the 20 EMA, and the 10 EMA must be above the 20 EMA. This confirms a bullish structure, with the price trending in your favour.
MACD Momentum: The fast MACD line must be above the slow MACD line, confirming the trend is not only intact but also gaining momentum.
VWAP Filter: Price must be above the VWAP (Volume Weighted Average Price). This is the final confirmation that the market is in a strong, bullish phase, with buyers dominating the market.
By requiring all these conditions to align, this strategy takes the guesswork out of day trading. It ensures you're trading within a well-established trend, with compression patterns and momentum backing your trade. The result? You’re entering positions with confidence and clarity, poised to ride strong, sustained moves.
This strategy is for the trader who values both flexibility and discipline—able to capture dynamic moves while staying aligned with market structure and momentum. It’s a refined, systematic approach that makes decisions clear, without the emotional second-guessing.
Godfather of Support & Resistance Godfather of Support & Resistance
Overview
The Godfather of Support & Resistance script is a powerful tool designed to help traders identify critical support and resistance levels on their charts. These price levels are vital for understanding market behavior, as they often act as turning points where prices reverse, consolidate, or break through. By automating the detection of these levels, this script simplifies your trading decisions and enhances your technical analysis.
How It Works
Pivot Points for Level Detection:
The script uses pivot points to identify potential support (lows) and resistance (highs) levels:
A pivot high is a local peak (a high surrounded by lower highs).
A pivot low is a local trough (a low surrounded by higher lows).
You can adjust the Pivot Length (pivotLen) input to control the sensitivity of detection. Smaller values detect more levels, while larger values focus on major levels.
Dynamic Grouping with Tolerance:
The script dynamically groups nearby price levels using a tolerance percentage. This tolerance is based on the level's price, making it adaptive to all types of assets (low- and high-priced).
For example, if the tolerance is set to 1% and a level is at $100, levels within $1 are grouped together.
Touch Count for Significance:
The script tracks how many times the price interacts with each level (touch count). Only levels that meet or exceed the Minimum Touches (minTouches) input are displayed on the chart. This ensures only meaningful levels are highlighted.
Clear Visual Representation:
Resistance Levels (Red Lines): Represent areas where the price tends to reverse downward.
Support Levels (Green Lines): Represent areas where the price tends to reverse upward.
Labels are added to each level (optional) to display the price and the number of touches for better decision-making.
Inputs You Can Customize
Minimum Touches to Show Level:
Set the minimum number of price interactions required for a level to be displayed.
Maximum Lines to Keep:
Limit the number of support and resistance lines displayed to keep your chart clean and focused.
Pivot Length:
Customize the sensitivity of pivot point detection. Smaller values detect more levels, while larger values focus on key levels.
Tolerance for Touch Detection (%):
Adjust the grouping tolerance as a percentage of the price. For example, 1% groups levels that are within 1% of each other.
How to Use
Apply the Script:
Add the script to your TradingView chart, and it will automatically detect and plot support and resistance levels.
Analyze the Levels:
Use Resistance Levels (red lines) as potential sell zones or areas to place stop-loss orders above.
Use Support Levels (green lines) as potential buy zones or areas to place stop-loss orders below.
Customize for Your Trading Style:
Adjust the inputs to match your preferred strategy and the timeframe or asset you're analyzing.
Example Use Case
Imagine you're analyzing a stock:
Resistance Level: The script identifies resistance at $150 with 3 touches. This might be a potential sell zone if the price struggles to break through.
Support Level: The script identifies support at $130 with 4 touches. This might be a potential buy zone if the price shows signs of bouncing upward.
Key Features
Automatically detects and plots support and resistance levels.
Tracks the number of price touches to filter out weak levels.
Adapts dynamically to price ranges using a percentage-based tolerance.
Fully customizable to suit different trading styles and assets.
Clean and professional chart display with a limit on the number of lines.
Notes
This script is for educational purposes only and should not be considered financial advice.
Always perform your own analysis and manage risk before making trading decisions.
Why Use This Script?
The Godfather of Support & Resistance script simplifies your trading decisions by automating the detection of critical price levels. Whether you're a beginner or an experienced trader, this script is designed to save you time and help you focus on making informed trades.
Start using it today to master the art of support and resistance trading!
Let me know if you need further refinements for this description!
Multi-Timeframe Support & Resistance - KSKClean Multi-Timeframe Support & Resistance (S&R) Tool
This indicator automatically plots previous period Highs and Lows for:
🟢 Daily
🔵 Weekly
🟣 Monthly
It provides a clean visual reference for key market levels, which can act as areas of:
Support & Resistance
Breakout or Rejection zones
Entry/Exit decision points
Table Summary:
Compact 2-column table showing all major levels
Can be positioned manually (Top Left, Top Right, etc.)
Auto-refreshes every few bars for performance