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Volatility

Volume Weighted Intra Bar Standard DeviationThis indicator provides a high-resolution analysis of market volatility by dissecting each bar on the chart into its fundamental components. It uses data from a lower, intra-bar timeframe to separate the total volatility of a single bar into its 'directional' and 'non-directional' parts. Key Features: Intra-Bar Volatility Decomposition: For each bar on the chart, the indicator analyzes the underlying price action on a smaller timeframe ('Intra-Bar Timeframe') and quantifies two types of volatility: Between-Bar Volatility (Directional): Calculated from price movements between the intra-bar candles. This component represents the directional, trending price action within the main bar. Within-Bar Volatility (Non-Directional): Calculated from price fluctuations inside each intra-bar candle. This component represents the choppy, noisy, or ranging price action. Dual Display Modes: The indicator offers two modes to visualize this information: Absolute Mode: Plots the total standard deviation as a stacked column chart, showing the absolute magnitude of volatility and the contribution of each component. Normalized Mode: Plots the components as a 100% stacked column chart (scaled from 0 to 1), focusing purely on the percentage ratio of 'between-bar' (trending) and 'within-bar' (choppy) volatility. Calculation Options: Statistical Model: The 'Estimate Bar Statistics' option (enabled by default) uses a statistical model ('Estimator') to perform the decomposition. (Assumption: In this mode, the Source input is ignored, and an estimated mean for each bar is used instead). Normalization: An optional 'Normalize Volatility' setting calculates volatility in percentage terms (log-space). Volume Weighting: An option (Volume weighted) applies volume weighting to all intra-bar volatility calculations. Volatility Pivot Detection: Includes a built-in pivot detector that identifies significant turning points (highs and lows) in the total volatility line. (Note: This is only visible in 'Absolute Mode'). Note on Confirmation (Lag): Pivot signals are confirmed using a lookback method. A pivot is only plotted after the Pivot Right Bars input has passed, which introduces an inherent lag. Multi-Timeframe (MTF) Capability: MTF Analysis Lines: The entire intra-bar analysis can be run on a higher timeframe (using the Timeframe input), with standard options to handle gaps (Fill Gaps) and prevent repainting (Wait for...). Limitation: The Pivot detection (Calculate Pivots) is disabled if a Higher Timeframe (HTF) is selected. Integrated Alerts: Includes 6 alerts for: Volatility character changes (e.g., 'Character Change from Choppy to Trend'). Dominant character emerging (e.g., 'Trend Character Emerging'). Total Volatility pivot (High/Low) detection. Caution: Real-Time Data Behavior (Intra-Bar Repainting) This indicator uses high-resolution intra-bar data. As a result, the values on the current, unclosed bar (the real-time bar) will update dynamically as new intra-bar data arrives. This behavior is normal and necessary for this type of analysis. Signals should only be considered final after the main chart bar has closed. DISCLAIMER For Informational/Educational Use Only: This indicator is provided for informational and educational purposes only. It does not constitute financial, investment, or trading advice, nor is it a recommendation to buy or sell any asset. Use at Your Own Risk: All trading decisions you make based on the information or signals generated by this indicator are made solely at your own risk. No Guarantee of Performance: Past performance is not an indicator of future results. The author makes no guarantee regarding the accuracy of the signals or future profitability. No Liability: The author shall not be held liable for any financial losses or damages incurred directly or indirectly from the use of this indicator. Signals Are Not Recommendations: The alerts and visual signals (e.g., crossovers) generated by this tool are not direct recommendations to buy or sell. They are technical observations for your own analysis and consideration.
Pine Script® indicator
by AustrianTradingMachine
Volume Weighted Average True RangeThis indicator calculates a customizable version of the Average True Range (ATR), a tool for measuring market volatility. It enhances the standard ATR with volume weighting, a dual-smoothing process, normalization, and volatility pivot detection. Key Features: Volume Weighting: An option (Volume weighted) allows for volume to be incorporated into the volatility calculation. This provides a measure of "volume-adjusted" volatility that is more responsive to significant market activity. Dual Smoothing Process: For noise reduction, the indicator employs a two-stage smoothing process. It first calculates a smoothed True Range (TR) over a user-defined period (TR Length) before applying the final ATR moving average (ATR Length & ATR Smooth). Normalization (Percentage Volatility): An optional 'Normalize' mode calculates the ATR as a percentage of the price. This allows for consistent volatility comparison across different assets and over long time periods. Volatility Pivot Detection: The indicator includes a built-in pivot detector that identifies significant turning points (highs and lows) in the ATR line itself, signaling potential shifts in volatility. Note on Confirmation (Lag): Pivot signals are confirmed using a lookback method. A pivot is only plotted after the Pivot Right Bars input has passed. This is essential for ensuring the signal is non-repainting but introduces an inherent lag. Multi-Timeframe (MTF) Capability: MTF ATR Line: The ATR line itself can be calculated on a different timeframe, with standard options to handle gaps (Fill Gaps) and prevent repainting (Wait for...). Limitation: The Pivot detection (Calculate Pivots) is disabled if a Higher Timeframe (HTF) is selected. Integrated Alerts: Includes alerts that trigger when a new volatility pivot (high or low) is detected in the ATR line. DISCLAIMER For Informational/Educational Use Only: This indicator is provided for informational and educational purposes only. It does not constitute financial, investment, or trading advice, nor is it a recommendation to buy or sell any asset. Use at Your Own Risk: All trading decisions you make based on the information or signals generated by this indicator are made solely at your own risk. No Guarantee of Performance: Past performance is not an indicator of future results. The author makes no guarantee regarding the accuracy of the signals or future profitability. No Liability: The author shall not be held liable for any financial losses or damages incurred directly or indirectly from the use of this indicator. Signals Are Not Recommendations: The alerts and visual signals (e.g., crossovers) generated by this tool are not direct recommendations to buy or sell. They are technical observations for your own analysis and consideration.
Pine Script® indicator
by AustrianTradingMachine
Halt-Risk Guard (5-min / 10%) — TTP Safe🛑 Halt-Risk Guard (5-min / 10%) — TTP Safe Stay clear of halts, invalidations, and over-extended moves. 🔍 Overview The Halt-Risk Guard helps traders avoid sudden invalidations by monitoring price velocity over the past X minutes (default: 5 min) and flagging when moves exceed a configurable threshold (default: 10%). Originally built to meet Trade The Pool (TTP) risk-management rules — where even non-halted 10% moves can void trades — this tool provides a clear, visual warning system and optional entry blocker. ⚙️ Key Features ✅ Halt-Risk Detection – Calculates both reference-based and swing-based (high↔low) percentage change over the chosen lookback period. ✅ TTP Safe Mode – “Swing mode” captures extreme volatility spikes that may invalidate trades even when the market stays open. ✅ Entry Blocker (optional) – Automatically greys candles and dims the background during risky conditions to prevent impulsive entries. ✅ Customisable Positioning – Move the on-chart info box to any corner of your chart (Top Left / Top Right / Bottom Left / Bottom Right). ✅ Clean Alerts – ⚠️ At/Above Threshold ✅ Back to Safe ⛔ Entry Blocker Active ✅ Visual Table Display – Compact dashboard shows current % move, lookback window, and threshold with intuitive green/red status. ✅ Strategy-Ready Output – A hidden 0/1 plot lets you block or filter trades in automated systems. ⚡ How It Works Monitors the selected symbol using your chosen computation timeframe (recommended 1-minute). Evaluates either: REF mode: Close-to-close change over the lookback window. SWING mode: High-to-low range within the same window. If the move ≥ Threshold %, the script highlights a halt-risk condition and optionally activates the entry blocker. 🎨 Recommended Settings Lookback: 5 minutes Threshold: 10 % Swing mode: ON (TTP-safe) Computation timeframe: 1 minute Entry blocker: ON Dim background: ON 🧠 Use Cases TTP and other prop-firm evaluations enforcing price-movement limits. Volatility-based scalping systems to avoid chasing extended candles. Strategy filters for algorithmic entries (e.g. pause trading during halt-risk windows). ⚠️ Disclaimer This tool provides visual and alert-based guidance only. It does not guarantee compliance with any specific firm’s rules or eliminate trading risk. Always verify thresholds and rules with your broker or evaluation provider.
Pine Script® indicator
by rrtaker86
Ulcer Index (UI) by CoryP1990 – Quant ToolkitThe Ulcer Index measures downside volatility, i.e. how deep and persistent drawdowns are from recent highs. Unlike standard deviation, which treats upside and downside equally, the Ulcer Index focuses purely on pain . It’s a favorite of risk-adjusted performance metrics like the Martin Ratio. How it works Computes the RMS (root-mean-square) of drawdowns over a look-back window. Rising UI → drawdowns worsening (stress increasing). Falling UI → drawdowns shrinking (recovery phase). Red line = Ulcer Index rising. Lime line = Ulcer Index falling. Red background = High-risk regime (above threshold). Green background = Low-risk regime (below threshold). Use cases Gauge portfolio stress levels and timing of recovery phases. Identify “calm vs storm” periods for position sizing. Combine with volatility or sentiment measures for regime classification. Defaults Length = 14 High-risk threshold = 10 Low-risk threshold = 5 Example — NVIDIA (NVDA, 1D) During the sharp decline through 2022, the Ulcer Index repeatedly spiked above 10 while the background turned red, highlighting an extended high-stress drawdown phase. As NVDA began recovering in early 2023, the UI line switched to lime and drifted below 5, marking a transition into a low-risk regime. Throughout 2024–2025, the index stayed mostly sub-5 with brief red pulses on minor corrections, which is clear evidence that downside volatility has remained contained during the broader uptrend. Part of the Quant Toolkit - a series of transparent, open-source indicators designed for professional-grade analytics and education. Built by CoryP1990.
Pine Script® indicator
by CoryP1990
Inyerneck UT Bot with 9 EMA Filter With Signals (Tight) v: 4.20this script is a customized version of the UT bot, enhanced with 9ema trend filter for cleaner entries.designed for short term traders to reduce noise and avoid false signals during choppy price action. youll only see signals when price action confirms momentum aligned with trend as defined by EMA. try adjusting sensitivity and ATR period to your liking. my current setting is ATR 6,Sensitivity 3.8,EMA 9 to 11...
Pine Script® indicator
by oogabooger
Volatility Resonance CandlesVolatility Resonance Candles visualize the dynamic interaction between price acceleration, volatility, and volume energy.
They’re designed to reveal moments when volatility expansion and directional momentum resonate — often preceding strong directional moves or reversals. 🔬 Concept Traditional candles display direction and range, but they miss the energetic structure of volatility itself.
This indicator introduces a resonance model, where ATR ratio, price acceleration, and volume intensity combine to form a composite signal. * ATR Resonance: compares short-term vs. long-term volatility * Acceleration: captures the rate of price change * Volume Energy: reinforces the move’s significance When these components align, the candle color “resonates” — brighter, more intense candles signal stronger volatility–momentum coupling. ⚙️ Features * Adaptive Scaling
Normalizes energy intensity dynamically across a user-defined lookback period, ensuring consistency in changing market conditions. * Power-Law Transformation
Optional non-linear scaling (gamma) emphasizes higher-energy events while keeping low-intensity noise visually subdued. * Divergence Mode
When enabled, colors can invert to highlight energy divergence from candle direction (e.g., bearish pressure during bullish closes). * Customizable Styling
Full control over bullish/bearish base colors, transparency scaling, and threshold sensitivity. 🧠 Interpretation * Bright / High-Intensity Candles → Strong alignment of volatility and directional energy.
Often signals the resonant phase of a move — acceleration backed by volatility expansion and volume participation. * Dim / Low-Intensity Candles → Energy dispersion or consolidation.
These typically mark quiet zones, pauses, or inefficient volatility. * Opposite-Colored Candles (if divergence mode on) → Potential inflection zones or hidden stress in the trend structure. ⚠️ Disclaimer This script is for educational purposes only.
It does not constitute financial advice, and past performance is not indicative of future results. Always do your own research and test strategies before making trading decisions.
Pine Script® indicator
by BreakoutBarbie
Murrey Math SMA up to 32s Murrey Math SMA up to 32s is a highly advanced Pine Script v5 indicator that combines Murrey Math Lines (MML) with a customizable moving average (MA) — including a non-repainting Rolling VWAP (RVWAP) — and dynamic color-coded support/resistance bands up to 1/32 subdivisions. It projects octave-based geometric price levels (like Gann) centered on your chosen MA, with adaptive scaling, angle-based trend coloring, and absolute/extended MML bands. Includes 1/8, 1/16, and 1/32 grid lines, shaded zones, labels, and a live increment display.Core FeaturesFeature Description MA Types SMA, VWMA, VWAP, Period VWAP, RVWAP (rolling VWAP over fixed or adaptive time window) Murrey Math Grid Auto-scaled 0/8 to 8/8 + extensions (±3/8), with 1/16 & 1/32 subdivisions Dynamic Coloring Bands colored by MA slope angle (bullish/bearish) or absolute MML shift RVWAP Engine Non-repainting volume-weighted average over user-defined or adaptive time steps Wick Filtering Optional ignore wicks for cleaner MML framing Resolution Support Works with higher timeframe data via request.security() Key Use Cases Use Case How to Use 1. Precision Support & Resistance Treat 4/8 (mid) as pivot, 0/8 & 8/8 as extremes. Price often reverses or accelerates at these levels. 2. Mean Reversion Trades Buy near 0/8–1/8 (oversold), sell near 7/8–8/8 (overbought) when MA is flat or sloping mildly. 3. Trend Continuation When MA angle > threshold and price breaks 5/8, expect move to 8/8. Confirm with volume. 4. Breakout Entries Watch for close beyond 8/8 or 0/8 + MA angle steep → strong momentum breakout. 5. Scalping with 1/32 Grid Use 1/32 lines as micro-targets in ranging markets or after news spikes. 6. Volume-Weighted Fair Value RVWAP = true average price paid over time → anchor for institutional fair value. Visual Layout (MA-Centered) +3/8 ───┐ +2/8 ───┤ ← Strong resistance +1/8 ───┤ 8/8 ███┤ ← Overbought (red zone) 7/8 ───┤ 6/8 ███┤ 5/8 ───┤ 4/8 ███┤ ← Midline (pivot) 3/8 ───┤ 2/8 ███┤ 1/8 ───┤ 0/8 ███┤ ← Oversold (green zone) -1/8 ───┤ -2/8 ───┤ -3/8 ───┘ Shaded: 0/8–1/8 (buy), 7/8–8/8 (sell), 3/8–5/8 (neutral/consolidation) MA Line: Orange (RVWAP) or hidden Labels: Bottom, 1/4, Mid, 3/4, Top (offset to the right) Table: Shows current Increment size Best For Swing & scalp traders on stocks, forex, crypto Volume-based strategies (RVWAP shines in high-volume moves) Gann/Murrey Math enthusiasts wanting automation + modern MA anchoring
Pine Script® indicator
by surfchaser
Uptrick: Volume Weighted BandsIntroduction This indicator, Uptrick: Volume Weighted Bands, overlays dynamic, volume-informed trend channels directly on the chart. By fusing price and volume data through volume-weighted and exponential moving averages, the script forms a core trend line with adaptive bandwidth controlled by volatility. It is designed to help traders identify trend direction, breakout entries, and extended conditions that may warrant take-profits or pullback re-entries. Overview The Volume Weighted Bands system is built around a trend line calculated by averaging a Volume Weighted Moving Average (VWMA) and an Exponential Moving Average (EMA), both over a configurable lookback period. This hybrid trend baseline is then smoothed further and expanded into dynamic upper and lower bands using an Average True Range (ATR) multiplier. These bands adapt with market volatility and shift color based on prevailing price action, helping traders quickly identify bullish, bearish, or neutral conditions. Originality and Unique Features This script introduces originality by blending both price and volume in the core trend calculation, a technique that is more responsive than traditional moving average bands. Its multi-mode visualization (cloud, single-band, or line-only), combined with selective buy/sell signals, makes it flexible for discretionary and algorithmic strategies alike. Optional modules for take-profit signals based on z-score deviation and RSI slope, as well as buy-back detection logic with cooldown filters, offer practical tools for managing trades beyond simple entries. Explanation of Inputs Every user input in this script is included to give the trader control over behavior and visual presentation: Trend Length (len): Defines the lookback window for both the VWMA and EMA, controlling the sensitivity of the core trend baseline. A lower value makes the bands more reactive, while a higher value smooths out short-term noise. Extra Smoothing (smoothLen): Applies an additional EMA to the blended VWMA/EMA average. This second-level smoothing ensures the central trend line reacts gradually to shifts in price. Band Width (ATR Multiplier) (bandMult): Multiplies the ATR to create the width of the upper and lower bands around the trend line. Larger values widen the bands, capturing more volatility, while smaller values narrow them. ATR Length (atrLen): Sets the length of the ATR used in calculating band width and signal offsets. Longer values produce smoother band boundaries. Show Buy/Sell Signals (showSignals): Toggles the primary crossover/crossunder entry signals, which are labeled when the close crosses the upper or lower band. Visual Mode (visualMode): Allows selection between three display modes: --> Cloud: Shows both bands and the central trend line with a shaded background. --> Single Band: Displays only the active (upper or lower) band depending on trend state, with gradient fill to price. --> Line Only: Shows only the trend line for a minimal visual profile. Take Profit Signals (enableTP): Enables a z-score-based profit-taking signal system. Signals occur when price deviates significantly from the trend line and RSI confirms exhaustion. TP Z-Score Threshold (tpThreshold): Sets the z-score deviation required to trigger a take-profit signal. Higher values reduce the frequency of signals, focusing on more extreme moves. Re-Entries (enableBuyBack): Enables logic to signal when price reverts into the band after an initial breakout, suggesting a possible re-entry or pullback setup. Buy Back Cooldown (bars) (buyBackCooldown): Defines a minimum bar count before a new buy-back signal is allowed, preventing rapid retriggering in choppy conditions. Buy Offset and Sell Offset: Hidden inputs used to vertically adjust the placement of the Buy ("𝓤𝓹") and Sell ("𝓓𝓸𝔀𝓷") labels relative to the bands. These use ATR units to maintain proportionality across different instruments and timeframes. Take-Profit Signal Module The take-profit module uses a z-score of the distance between price and the trend line to detect extended conditions. In bullish trends, a signal appears when price is well above the band and RSI indicates exhaustion; the opposite applies for bearish conditions. A boolean flag is used to prevent retriggering until RSI resets. These signals are plotted with minimalist “X” markers near recent highs or lows, based on whether the market is extended upward or downward. Re-Entry Logic The re-entry system identifies instances where price momentarily dips or spikes into the opposite band but closes back inside, implying a continuation of the prevailing trend. This module can be particularly useful for traders managing entries after brief pullbacks. A built-in cooldown period helps filter out noise and prevents signal overloading during fast markets. Visual markers are shown as upward or downward arrows near the relevant candle wicks. How to Use This Indicator The basic usage of this indicator follows a directional, signal-driven approach. When a buy signal appears, it suggests entering a long position. The recommended stop loss placement is below the lower band, allowing for some breathing space to accommodate natural volatility. As the position progresses, take partial profits—typically 10% to 15% of the position—each time a take-profit signal (marked with an "X") is shown on the chart. An optional feature is the buy-back signal, which can be used to re-enter after partial exits or missed entries. Utilizing this can help reduce losses during false breakouts or trend reversals by scaling in more gradually. However, it also means that in strong, clean trends, the full position may not be captured from the start, potentially reducing the total return. It is up to the trader to decide whether to enter fully on the initial signal or incrementally using buy-backs. When a sell signal appears, the strategy advises fully exiting any long positions and immediately switching to a short position. The short trade follows the same logic: place your stop loss above the upper band with some margin, and again, take partial profits at each take-profit signal. Visual Presentation and Signal Labels All signals are plotted with clean, minimal labels that avoid clutter, and are color-coded using a custom palette designed to remain clear across light and dark chart themes. Bullish trends are marked in teal and bearish trends in magenta. Candles and wicks are also colored accordingly to align price action with the detected trend state. Buy and sell entries are marked with "𝓤𝓹" and "𝓓𝓸𝔀𝓷" labels. Summary In summary, the Uptrick: Volume Weighted Bands indicator provides a versatile, visually adaptive trend and volatility tool that can serve multiple styles of trading. Through its integration of price, volume, and volatility, along with modular take-profit and buy-back signaling, it aims to provide actionable structure across a range of market conditions. Disclaimer This indicator is for educational purposes only. Trading involves risk, and past performance does not guarantee future results. Always test strategies before applying them in live markets.
Pine Script® indicator
by Uptrick
13
AMF PG Strategy v2.3AMF PG Strategy v2.3 1. Core Philosophy: Filtered and Volatility-Aware Trend Following "AMF PG Strategy" is an advanced trend-following system designed to adapt to the dynamic nature of modern markets. The strategy's core philosophy is not just to follow the trend but also to wait for the right conditions to enter the market. This is not a "black box." It is a rules-based framework that gives the user full control over various market filters. By requiring multiple conditions to be met simultaneously, the strategy aims to filter out low-quality signals and focus only on high-probability trend opportunities. 2. Core Engine: AMF PG Trend Following At the heart of the strategy is a proprietary, volatility-aware trend-following mechanism called AMF PG (Praetorian Guard). This engine operates as follows: Dynamic Bands: Creates a dynamic upper and lower band around the price that is constantly recalculated. The width of these bands is not fixed; It dynamically adjusts based on recent market volatility, volume flow, and price expansion. This adaptive structure allows the strategy to adapt to both calm and high-volatility markets. Entry Signals: A buy signal is triggered when the price rises above the upper band. A sell signal is triggered when the price falls below the lower band. However, these signals are executed only when all the active filters described below give the green light. Trailing Stop-Loss: When a position is entered, the opposite band automatically acts as a trailing stop-loss level. For example, when a buy position is opened, the lower band follows the price as a stop-loss. This allows for profit retention and trend continuation. 3. Multi-Layered Filter System: Understanding the Market The power of this strategy comes from its modular filter system, which allows the user to filter market conditions based on their own analysis. Each filter can be enabled or disabled individually in the settings: Filter 1: Trend Strength (ADX Filter): This filter confirms whether there is a strong trend in the market. It uses the ADX (Average Directional Index) indicator and only allows trades if the ADX value is above a certain threshold. This helps avoid trading in weak or directionless markets. It also confirms the direction of the trend by checking the position of the DMI (+DI and -DI) lines. Filter 2: Sideways Market (Chop Index Filter): This filter determines whether the market is excessively choppy or directionless. Using the Chop Index, this filter aims to protect against fakeouts by blocking trades when the market is highly indecisive. Filter 3: Market Structure (Hurst Exponent Filter): This is one of the strategy's most advanced filters. It analyzes the current market behavior using the Hurst Exponent. This mathematical tool attempts to determine whether a market tends to trend (permanent), tends to revert to the mean (anti-permanent), or moves randomly. This filter ensures that signals are generated only when market structure supports trending trades. 4. Risk Management: Maximum Drawdown Protection This strategy includes a built-in capital protection mechanism. Users can specify the percentage of their capital they will tolerate to decline from its peak. If the strategy's capital reaches this set drawdown limit, the protection feature is activated, closing all open positions and preventing new trades from being opened. This acts as an emergency brake to protect capital against unexpected market conditions. 5. Automation Ready: Customizable Webhook Alerts The strategy is designed for traders who want to automate their signals. From the Settings menu, you can configure custom alert messages in JSON format, compatible with third-party automation services (via Webhooks). 6. Strategy Backtest Information Please note that past performance is not indicative of future results. The published chart and performance report were generated on the 4-hour timeframe of the BTCUSD pair with the following settings: Test Period: January 1, 2016 - October 31, 2025 Default Position Size: 15% of Capital Pyramiding: Closed Commission: 0.0008 Slippage: 2 ticks (Please enter the slippage you used in your own tests) Testing Approach: The published test includes 423 trades and is statistically significant. It is strongly recommended that you test on different assets and timeframes for your own analysis. The default settings are a template and should be adjusted by the user for their own analysis.
Pine Script® strategy
by blntdmn
Sector Relative StrengthThis indicator measures a stock's Real Relative Strength against its sector benchmark, helping you identify stocks that are outperforming or underperforming their sector peers. The concept is based on the Real Relative Strength methodology popularized by the r/realdaytrading community. Unlike traditional relative strength calculations that simply compare price ratios, this indicator uses a more sophisticated approach that accounts for volatility through ATR (Average True Range), providing a normalized view of true relative performance. Key Features Automatic Sector Detection Automatically detects your stock's sector using TradingView's built-in sector classification Maps to the appropriate SPDR Sector ETF (XLK, XLF, XLV, XLY, XLP, XLI, XLE, XLU, XLB, XLC) Supports all 20 TradingView sectors Sector ETF Mappings The indicator automatically compares your stock against: Technology: XLK (Technology Services, Electronic Technology) Financials: XLF (Finance sector) Healthcare: XLV (Health Technology, Health Services) Consumer Discretionary: XLY (Retail Trade, Consumer Services, Consumer Durables) Consumer Staples: XLP (Consumer Non-Durables) Industrials: XLI (Producer Manufacturing, Industrial Services, Transportation, Commercial Services) Energy: XLE (Energy Minerals) Utilities: XLU Materials: XLB (Non-Energy Minerals, Process Industries) Communications: XLC Default: SPY (for Miscellaneous or unclassified sectors) Customizable Settings Comparison Mode: Choose between automatic sector comparison or custom symbol Length: Adjustable lookback period (default: 12) Smoothing: Apply moving average to reduce noise (default: 3) Visual Clarity Green line: Stock is outperforming its sector Red line: Stock is underperforming its sector Zero baseline: Clear reference point for performance Clean info box: Shows which ETF you're comparing against How It Works The indicator calculates relative strength using the following methodology: Rolling Price Change: Measures the price movement over the specified length for both the stock and its sector ETF ATR Normalization: Uses Average True Range to normalize for volatility differences Power Index: Calculates the sector's strength relative to its volatility Real Relative Strength: Compares the stock's performance against the sector's power index Smoothing: Applies a moving average to reduce single-candle spikes Formula: Power Index = (Sector Price Change) / (Sector ATR) RRS = (Stock Price Change - Power Index × Stock ATR) / Stock ATR Smoothed RRS = SMA(RRS, Smoothing Length)
Pine Script® indicator
by william2003wakeford
Candlestick StrengthThis indicator quantifies the “energy” of each candlestick by combining its height (high–low span), trading volume, and internal structure (body vs. wick proportions). It provides a numeric measure of how strongly each candle contributes to market momentum, allowing traders to distinguish meaningful price action from indecision or noise. Concept Every candlestick represents a short-term contest between buyers and sellers. Large candles with significant volume indicate strong market participation, while small or low-volume candles suggest hesitation or absorption. Candlestick Strength captures this by calculating a normalized measure of each candle’s energy relative to recent activity, making it comparable across different market conditions and timeframes. The indicator also analyzes the candle’s internal structure: The body reflects net directional movement. The wicks represent back-and-forth price traversal within the candle. Because wick movement does not fully contribute to directional momentum, it is weighted at half the body’s contribution. This ensures the indicator emphasizes sustained directional pressure while still acknowledging rejection or absorption. Interpretation High values indicate candles with energy above recent averages — suggesting expanding momentum and strong directional intent. Average values reflect typical candle activity, representing neutral or steady market behavior. Low values suggest weak candles — either the market is pausing, consolidating, or momentum is fading. The outputs are displayed as a symmetric histogram: bullish candle energy is shown in green above zero, bearish energy in red below zero, with ±1 reference lines marking the normalized average energy level. Usage Combine with trend analysis, swing highs/lows, or volume-weighted averages to validate breakouts or trend continuation. Monitor for divergence between price movement and candle energy to identify exhaustion, absorption, or potential reversals. Filter out false momentum signals caused by narrow-range or low-volume candles. Adaptable across timeframes: normalized energy allows comparison between small and large timeframe candles.
Pine Script® indicator
by abuzka
ATR x Trend x Volume SignalsATR x Trend x Volume Signals is a multi-factor indicator that combines volatility, trend, and volume analysis into one adaptive framework. It is designed for traders who use technical confluence and prefer clear, rule-based setups. 🎯 Purpose This tool identifies high-probability market moments when volatility structure (ATR), momentum direction (CCI-based trend logic), and volume expansion all align. It helps filter out noise and focus on clean, actionable trade conditions. ⚙️ Structure The indicator consists of three main analytical layers: 1️⃣ ATR Trailing Stop – calculates two adaptive ATR lines (fast and slow) that define volatility context, trend bias, and potential reversal points. 2️⃣ Trend Indicator (CCI + ATR) – uses a CCI-based logic combined with ATR smoothing to determine the dominant trend direction and reduce false flips. 3️⃣ Volume Analysis – evaluates volume deviations from their historical average using standard deviation. Bars are highlighted as medium, high, or extra-high volume depending on intensity. 💡 Signal Logic A Buy Signal (green) appears when all of the following are true: • The ATR (slow) line is green. • The Trend Indicator is blue. • A bullish candle closes above both the ATR (slow) and the Trend Indicator. • The candle shows medium, high, or extra-high volume. A Sell Signal (red) appears when: • The ATR (slow) line is red. • The Trend Indicator is red. • A bearish candle closes below both the ATR (slow) and the Trend Indicator. • The candle shows medium, high, or extra-high volume. Only one signal can appear per ATR trend phase. A new signal is generated only after the ATR direction changes. ❌ Exit Logic Exit markers are shown when price crosses the slow ATR line. This behavior simulates a trailing stop exit. The exit is triggered one bar after entry to prevent same-bar exits. ⏰ Session Filter Signals are generated only between the user-defined session start and end times (default: 14:00–18:00 chart time). This allows the trader to limit signal generation to active trading hours. 💬 Practical Use It is recommended to trade with a fixed risk-reward ratio such as 1 : 1.5. Stop-loss placement should be beyond the slow ATR line and adjusted gradually as the trade develops. For better confirmation, the Trend Indicator timeframe should be higher than the chart timeframe (for example: trading on 1 min → set Trend Indicator timeframe to 15 min; trading on 5 min → set to 1 hour). 🧠 Main Features • Dual ATR volatility structure (fast and slow) • CCI-based trend direction filtering • Volume deviation heatmap logic • Time-restricted signal generation • Dynamic trailing-stop exit system • Non-repainting logic • Fully optimized for Pine Script v6 📊 Usage Tip Best results are achieved when combining this indicator with additional technical context such as support-resistance, higher-timeframe confirmation, or market structure analysis. 📈 Credits Inspired by: • ATR Trailing Stop by Ceyhun • Trend Magic by Kivanc Ozbilgic • Heatmap Volume by xdecow
Pine Script® indicator
by shevtsov360
Volume Sentiment Breakout Channels [AlgoAlpha]🟠 OVERVIEW This tool visualizes breakout zones based on volume sentiment within dynamic price channels . It identifies high-impact consolidation areas, quantifies buy/sell dominance inside those zones, and then displays real-time shifts in sentiment strength. When the market breaks above or below these sentiment-weighted channels, traders can interpret the event as a change in conviction, not just a technical breakout. 🟠 CONCEPTS The script builds on two layers of logic: Channel Detection : A volatility-based algorithm locates price compression areas using normalized highs and lows over a defined lookback. These “boxes” mark accumulation or distribution ranges. Volume Sentiment Profiling : Each channel is internally divided into small bins, where volume is aggregated and signed by candle direction. This produces a granular sentiment map showing which levels are dominated by buyers or sellers. When a breakout occurs, the script clears the previous box and forms a new one, letting traders visually track transitions between phases of control. The colored gradients and text updates continuously reflect the internal bias—green for net-buying, red for net-selling—so you can see conviction strength at a glance. 🟠 FEATURES Volume-weighted sentiment map inside each box, with gradient color intensity proportional to participation. Dynamic text display of current and overall sentiment within each channel. Real-time trail lines to show active bullish/bearish trend extensions after breakout. 🟠 USAGE Setup : Add the script to your chart and enable Strong Closes Only if you prefer cleaner breakouts. Use shorter normalization length (e.g., 50–80) for fast markets; longer (100–200) for smoother transitions. Read Signals : Transparent boxes mark active sentiment channels. Green gradients show buy-side dominance, red shows sell-side. The middle dashed line is the equilibrium of the channel. “▲” appears when price breaks upward, “▼” when it breaks downward. Understanding Sentiment : The sentiment profile can be used to show the probability of the price moving up or down at respective price levels.
Pine Script® indicator
by AlgoAlpha
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