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Fibonacci Sequence Moving Average [BackQuant]Fibonacci Sequence Moving Average with Adaptive Oscillator 1. Overview The Fibonacci Sequence Moving Average indicator is a two‑part trading framework that combines a custom moving average built from the famous Fibonacci number set with a fully featured oscillator, normalisation engine and divergence suite. The moving average half delivers an adaptive trend line that respects natural market rhythms, while the oscillator half translates that trend information into a bounded momentum stream that is easy to read, easy to compare across assets and rich in confluence signals. Everything from weighting logic to colour palettes can be customised, so the tool comfortably fits scalpers zooming into one‑minute candles as well as position traders running multi‑month trend following campaigns. 2. Core Calculation Fibonacci periods – The default length array is 5, 8, 13, 21, 34. A single multiplier input lets you scale the whole family up or down without breaking the golden‑ratio spacing. For example a multiplier of 3 yields 15, 24, 39, 63, 102. Component averages – Each period is passed through Simple Moving Average logic to produce five baseline curves (ma1 through ma5). Weighting methods – You decide how those five values are blended: • Equal weighting treats every curve the same. • Linear weighting applies factors 1‑to‑5 so the slowest curve counts five times as much as the fastest. • Exponential weighting doubles each step for a fast‑reacting yet still smooth line. • Fibonacci weighting multiplies each curve by its own period value, honouring the spirit of ratio mathematics. Smoothing engine – The blended average is then smoothed a second time with your choice of SMA, EMA, DEMA, TEMA, RMA, WMA or HMA. A short smoothing length keeps the result lively, while longer lengths create institution‑grade glide paths that act like dynamic support and resistance. 3. Oscillator Construction Once the smoothed Fib MA is in place, the script generates a raw oscillator value in one of three flavours: • Distance – Percentage distance between price and the average. Great for mean‑reversion. • Momentum – Percentage change of the average itself. Ideal for trend acceleration studies. • Relative – Distance divided by Average True Range for volatility‑aware scaling. That raw series is pushed through a look‑back normaliser that rescales every reading into a fixed −100 to +100 window. The normalisation window defaults to 100 bars but can be tightened for fast markets or expanded to capture long regimes. 4. Visual Layer The oscillator line is gradient‑coloured from deep red through sky blue into bright green, so you can spot subtle momentum shifts with peripheral vision alone. There are four horizontal guide lines: Extreme Bear at −50, Bear Threshold at −20, Bull Threshold at +20 and Extreme Bull at +50. Soft fills above and below the thresholds reinforce the zones without cluttering the chart. The smoothed Fib MA can be plotted directly on price for immediate trend context, and each of the five component averages can be revealed for educational or research purposes. Optional bar‑painting mirrors oscillator polarity, tinting candles green when momentum is bullish and red when momentum is bearish. 5. Divergence Detection The script automatically looks for four classes of divergences between price pivots and oscillator pivots: Regular Bullish, signalling a possible bottom when price prints a lower low but the oscillator prints a higher low. Hidden Bullish, often a trend‑continuation cue when price makes a higher low while the oscillator slips to a lower low. Regular Bearish, marking potential tops when price carves a higher high yet the oscillator steps down. Hidden Bearish, hinting at ongoing downside when price posts a lower high while the oscillator pushes to a higher high. Each event is tagged with an ℝ or ℍ label at the oscillator pivot, colour‑coded for clarity. Look‑back distances for left and right pivots are fully adjustable so you can fine‑tune sensitivity. 6. Alerts Five ready‑to‑use alert conditions are included: • Bullish when the oscillator crosses above +20. • Bearish when it crosses below −20. • Extreme Bullish when it pops above +50. • Extreme Bearish when it dives below −50. • Zero Cross for momentum inflection. Attach any of these to TradingView notifications and stay updated without staring at charts. 7. Practical Applications Swing trading trend filter – Plot the smoothed Fib MA on daily candles and only trade in its direction. Enter on oscillator retracements to the 0 line. Intraday reversal scouting – On short‑term charts let Distance mode highlight overshoots beyond ±40, then fade those moves back to mean. Volatility breakout timing – Use Relative mode during earnings season or crypto news cycles to spot momentum surges that adjust for changing ATR. Divergence confirmation – Layer the oscillator beneath price structure to validate double bottoms, double tops and head‑and‑shoulders patterns. 8. Input Summary • Source, Fibonacci multiplier, weighting method, smoothing length and type • Oscillator calculation mode and normalisation look‑back • Divergence look‑back settings and signal length • Show or hide options for every visual element • Full colour and line width customisation 9. Best Practices Avoid using tiny multipliers on illiquid assets where the shortest Fibonacci window may drop under three bars. In strong trends reduce divergence sensitivity or you may see false counter‑trend flags. For portfolio scanning set oscillator to Momentum mode, hide thresholds and colour bars only, which turns the indicator into a heat‑map that quickly highlights leaders and laggards. 10. Final Notes The Fibonacci Sequence Moving Average indicator seeks to fuse the mathematical elegance of the golden ratio with modern signal‑processing techniques. It is not a standalone trading system, rather a multi‑purpose information layer that shines when combined with market structure, volume analysis and disciplined risk management. Always test parameters on historical data, be mindful of slippage and remember that past performance is never a guarantee of future results. Trade wisely and enjoy the harmony of Fibonacci mathematics in your technical toolkit.
Pine Script® indicator
by BackQuant
Expansion Triangle [TradingFinder] MegaPhone Broadening🔵 Introduction The Expanding Triangle, also known as the Broadening Formation, is one of the key technical analysis patterns that clearly reflects growing market volatility, increasing indecision among participants, and the potential for sharp price explosions. This pattern is typically defined by a sequence of higher highs and lower lows, forming within two diverging trendlines. Unlike traditional triangles that converge to a breakout point, the expanding triangle pattern becomes wider over time, leaving no precise apex for a breakout to occur. From a price action perspective, the pattern represents a prolonged tug-of-war between buyers and sellers, where neither side has taken control yet. Each aggressive swing opens the door to new opportunities whether it's a trend reversal, range trading, or a momentum breakout. This dual nature makes the pattern highly versatile across market conditions, from exhausted trend ends to volatile consolidation zones. The custom-built indicator for this pattern uses a combination of smart algorithms and detailed analysis of swing dynamics to automatically detect expanding triangles and highlight low-risk entry points. Traders can use this tool to capitalize on high-probability setups from shorting near the upper edge of the structure with confirmation, to trading bearish breakouts during trend continuations, or entering long positions near the lower boundary during bullish reversals. The chart examples included in this article demonstrate these three highly practical trading scenarios in live market conditions. A major advantage of this indicator lies in its structural filtering engine, which analyzes the behavior of each price leg in the triangle. With four adjustable filter levels from Very Aggressive, which highlights all potential patterns, to Very Defensive, which only triggers when price actually touches the triangle's trendlines the indicator ensures that only structurally sound and verified setups appear on the chart, reducing noise and false signals significantly. Long Setup : Short Setup : 🔵 How to Use The pattern typically forms in conditions of heightened uncertainty and volatility, where price swings generate a series of higher highs and lower lows. The expanding triangle consists of three key legs bounded by diverging trendlines. The indicator intelligently analyzes each leg's direction and angle to determine whether a valid pattern is forming. At the core of the indicator’s logic is its leg filtering system, which controls the quality of the pattern and filters out weak or noisy setups. Four structural filter modes are available to suit different trading styles and risk preferences. In Very Aggressive mode, filters are disabled, and the indicator detects any pattern purely based on the sequence of swing points. This mode is ideal for traders who want to see everything and apply their own discretion. In Aggressive mode, the indicator checks whether each new leg extends no more than twice the length of the previous one. If a leg overshoots excessively, the structure is invalidated. In Defensive mode, the filter enforces a minimum movement requirement each leg must move at least 2% of the previous one. This prevents the formation of shallow, weak patterns that visually resemble triangles but lack substance. The strictest setting, Very Defensive, combines all previous filters and additionally requires the price to physically touch the triangle’s trendlines before issuing a signal. This ensures that setups only appear when real market interaction with key structural levels has occurred, not based on assumptions or geometry alone. This mode is ideal for traders seeking maximum precision and minimal risk. 🟣 Bullish Setup A bullish setup within the Expanding Triangle pattern occurs when price revisits the lower support boundary after a series of broad swings typically near the third leg of the formation. This area often represents a shift in momentum, where sellers begin to lose strength and buyers prepare to take control. Ideally, the setup is accompanied by a bullish reversal candle (e.g. doji, pin bar, or engulfing) near the lower trendline. If the Very Defensive filter is active, the indicator will only issue a signal if price makes a confirmed touch on the trendline and reacts from that level. This significantly improves signal accuracy and filters out premature entries. After confirmation, traders may choose to enter a long position on the bullish candle or shortly afterward. A logical stop-loss is placed just below the recent swing low within the pattern. The target can be set at or near the upper trendline, or projected using the full height of the triangle added to the breakout point. On higher timeframes, this reversal often marks the beginning of a strong uptrend. 🟣 Bearish Setup A bearish setup forms when price climbs toward the upper resistance trendline, usually as the third leg completes. This is where buyers often begin to show exhaustion, and sellers step in with strength providing an ideal low-risk entry point for short positions. As with the bullish setup, if the Candle Confirmation filter is enabled, the indicator will only show a signal when a bearish reversal candle forms at the point of contact. If Defensive or Very Defensive filters are also active, the setup must meet strict criteria of proportionate leg movement and an actual trendline touch to qualify. Once confirmed, traders can enter on the reversal candle, placing a stop-loss slightly above the recent high. The target can be set at the lower trendline or calculated based on the triangle's full height, projected downward. This setup is particularly useful at the end of weak bullish trends or in volatile market tops. 🔵 Settings 🟣 Logic Settings Pivot Period : Defines how many bars are analyzed to identify swing highs and lows. Higher values detect larger, slower structures, while lower values respond to faster patterns. The default value of 13 offers a balanced sensitivity. Pattern Filter : Very Aggressive : Detects all patterns based on point sequence with no structural checks. Aggressive : Ensures each leg is no more than 2x the size of the previous one. Defensive : Requires each leg to be at least 2% the size of the previous leg. Very Defensive : The strictest level; only confirms patterns when price touches trendlines. Candle Confirmation : When enabled, the indicator requires a valid confirmation candle (doji, pin bar, engulfing) at the interaction point with the trendline before issuing a signal. This reduces false entries and improves entry precision. 🟣 Alert Settings Alert : Enables alerts for SSS. Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'. Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'. 🔵 Conclusion The Expanding Triangle pattern, with its wide structure and volatility-driven nature, represents chaos but also opportunity. For traders who can read its behavior, it provides some of the most powerful setups for reversals, breakouts, and range-based trades. While the pattern may seem messy at first glance, it is built on clear logic and when properly detected, it offers high-probability opportunities. This indicator doesn’t just draw expanding triangles it intelligently evaluates their structural quality, validates price interaction through candle confirmation, and allows the trader to fine-tune the detection logic through adjustable filter levels. Whether you’re a reversal trader looking for a turning point, or a breakout trader hunting momentum, this tool adapts to your strategy. In volatile or uncertain markets, where fakeouts and sudden shifts are common, this indicator can become a cornerstone of your trading system helping you turn volatility into structured, high-quality opportunities.
Pine Script® indicator
by TFlab
SOL Technical Confluence DashboardHow to Use This Confluence Dashboard Setup Instructions: Use the other script published as the 1 of 2 scripts to add to your 4-hour SOL chart. What You'll See: 1. RSI Panel with Enhancements Colored RSI line (Green = oversold, Red = overbought) Divergence detection (triangles mark divergences) Background color changes on strong signals 2. Confluence Table (Top Right) Shows real-time status of: RSI: Current value and signal MACD: Trend direction Volume: Spike detection and relative volume Divergence: Bull/Bear divergence alerts Confluence Scores: 0-10 scale for bull/bear strength Overall Signal: STRONG BUY/SELL, BUY/SELL, or WAIT 3. Net Confluence Histogram (Bottom) Green bars = Bullish confluence Red bars = Bearish confluence Height = Strength of signal How It Works with Elliott Waves: Scenario 1: Wave 5 Top Detection Elliott Wave shows Wave 5 approaching 261.8% Confluence Dashboard shows: RSI: 78 (overbought) ❌ MACD: Bearish cross ❌ Volume: Declining ❌ Divergence: Bearish ❌ Signal: STRONG SELL 🔴 Scenario 2: Wave 2 Bottom Elliott Wave shows Wave 2 at 61.8% retracement Confluence Dashboard shows: RSI: 28 (oversold) ✅ MACD: Bullish cross ✅ Volume: Spike ✅ Divergence: Bullish ✅ Signal: STRONG BUY 🟢 Confluence Scoring System: The script uses a weighted scoring system: Divergences: 3 points (most reliable) RSI extremes: 2 points Volume spikes: 2 points MACD signals: 1.5 points Price action: 1 point Signals: Score ≥ 5 = STRONG signal Score ≥ 3 = Moderate signal Score < 3 = WAIT Pro Tips for Maximum Accuracy: Best Setups: When Elliott Wave completion aligns with STRONG signals Avoid: Taking trades when confluence is mixed Volume Confirmation: Always check if volume supports the move Divergence Priority: RSI divergence at wave endpoints is highly reliable Alerts Available: Strong Bullish Confluence Strong Bearish Confluence Bullish Divergence Bearish Divergence This gives you a complete technical analysis suite that works seamlessly with your Elliott Wave indicator. The combination significantly improves accuracy by confirming wave counts with momentum, volume, and divergence analysis!
Pine Script® indicator
by WhiteHuracan
1
Taylor Series ForecastThis indicator projects future price movement using a second-order Taylor Series expansion, calculated from a smoothed price (EMA). It models price momentum and acceleration to generate a forward-looking trajectory. Forecast points are plotted continuously as connected line segments extending into the future. Each segment is color-coded based on slope: Green indicates an upward slope (bullish forecast). Red indicates a downward slope (bearish forecast). The forecast adapts to current market conditions and updates dynamically with each new bar. Useful for visualizing potential future price paths and identifying directional bias based on recent price action. Inputs: Max Forecast Horizon: How many bars into the future the forecast extends. EMA Smoothing Length: The smoothing applied to price before calculating derivatives. This tool is experimental and should be used in conjunction with other analysis methods. It does not guarantee future price performance.
Pine Script® indicator
by Tradenometry
SOL Elliott Wave 4H with Enhanced ProjectionsThis 4H-optimized version includes: Key Features for 4H Timeframe: Optimized Default Settings: Wave Detection Period: 7 (perfect for 4H) ZigZag Depth: 3% (captures significant moves on 4H) Visual Indicators: Small circles mark pivot points as they form Blue background on the last bar shows script is active Clean zigzag lines between pivots Wave numbers at each pivot Immediate Feedback: Pivots show up as soon as they're confirmed Table shows pivots found count Current price always visible To Use This: Add to your 4H SOL chart You should immediately see: Small circles marking recent pivots The info table in top-right Blue highlight on the current bar If you don't see lines yet, try: Reduce Wave Detection Period to 5 Reduce ZigZag Depth to 2% Make sure you have at least 100-200 bars of history loaded Fine-tuning for current market: If SOL is ranging: Lower ZigZag Depth to 2% If SOL is trending strongly: Increase to 4-5% The indicator will start drawing zigzag lines and counting waves as soon as it finds valid alternating highs and lows that meet the minimum percentage move requirement.
Pine Script® indicator
by WhiteHuracan
2
RSI + Fibonacci Bollinger BandsIn the current context of the cryptocurrency market, the search for effective trading strategies has become an imperative for investors. In this regard, developing completely new and innovative scripts in TradingView, with a high probability of profit, represents a stimulating challenge. The following is a proposed strategy that, while it may integrate existing elements of the TradingView ecosystem, establishes a distinctive and avant-garde approach to analyzing the price of Bitcoin against Tether (USDT). The essence of this script lies in the combination of analytical tools that are not usually joined in common practice. One can start from traditional indicators, such as Bollinger Bands and the Relative Strength Index (RSI), but their implementation must be revisited to obtain an unprecedented result. Instead of using these indicators conventionally, it is suggested to create an adaptive divergence indicator that not only detects overbought or oversold conditions, but also adjusts its parameters based on the recent volatility of the market. The proposal focuses on a system that uses a 50-period exponential moving average as a baseline, combined with Bollinger Bands to establish support and resistance levels. However, instead of simply observing the breaking of these bands, buy and sell signals would be implemented based on corroborations from the volatility-adjusted RSI. This approach would allow capturing trend changes more efficiently and with minimal delay in the execution of orders. In addition, an alert system could be included that notifies the trader of divergences between the price and the RSI, which could increase the chances of anticipating crucial movements in the market. The implementation of this functionality would be carried out through the use of Pine Script version 6, which would guarantee optimized and modern code. In conclusion, the creation of an innovative script for analyzing the price of Bitcoin against USDT in TradingView should focus on the development of synergistic strategies that transcend conventional methods. The combination of well-established indicators, adapted to the dynamic conditions of the market, can offer traders a valuable tool in their arsenal. Innovation, in this area, is essential to adapt to a constantly changing environment and maximize profit opportunities.
Pine Script® indicator
by Baticoin_Supplied
True Breakout Pattern [TradingFinder] Breakout Signal Indicator🔵 Introduction In many market conditions, what initially appears to be a decisive breakout often turns out to be nothing more than a false breakout or fake breakout. Price breaks through a key swing level or an important support and resistance zone, only to quickly return to its previous range. These failed breakouts, which are often the result of liquidity traps or market manipulation, serve more as a warning sign of structural weakness than confirmation of a new trend. This indicator is designed around the concept of the fake breakout. The logic is simple but precise : when price breaks a swing level and returns to that level within a maximum of five candles, the move is considered a false breakout. At this point, a Fibonacci retracement is applied to the recent price swing to evaluate the pullback area. If price, within ten candles after the return to the breakout level, enters the Fibonacci zone between 0.618 and 1.0, the setup becomes valid for a potential entry. This area is identified as a long entry zone, with the stop loss placed just beyond the 1.0 level and the take profit defined based on the desired risk-to-reward ratio. By combining accurate detection of false breakouts, analysis of price reaction to swing levels, and alignment with Fibonacci retracement logic, this framework allows traders to identify opportunities often missed by others. In a market where failed breakouts are a common and recurring phenomenon, this indicator aims to transform these traps into measurable trading opportunities. Long Setup : Short Setup : 🔵 How to Use This indicator operates based on the recognition of false breakouts from structural levels in the market, specifically swing levels, and combines that with Fibonacci retracement analysis. In this strategy, trades are only considered when price returns to the broken level within a defined time window and reacts appropriately inside a predefined Fibonacci range. Depending on the direction of the initial breakout, the system outlines two scenarios for long and short setups. 🟣 Long Setup In the long setup, price initially breaks below a support level or swing low. If the price returns to the broken level within a maximum of five candles, the move is identified as a fake breakout. At this stage, a Fibonacci retracement is drawn from the recent high to the low. If price, within ten candles of returning to the level, moves into the 0.618 to 1.0 Fibonacci zone, the conditions for a long entry are met. The stop loss is placed slightly below the 1.0 level, while the take profit is set based on the trader’s preferred risk-reward ratio. This setup aims to capture deeply discounted entries at low risk, aligned with smart money reversals. 🟣 Short Setup In the short setup, the price breaks above a resistance level or swing high. If the price returns to that level within five candles, the move is again treated as a false breakout. Fibonacci is then drawn from the recent low to the high to observe the retracement area. Should price enter the 0.618 to 1.0 Fibonacci range within ten candles of returning, a short entry is considered valid. In this case, the stop loss is placed just above the 1.0 level, and the take profit is adjusted based on the intended risk-reward target. This method allows traders to identify high-probability short setups by focusing on failed breakouts and deep pullbacks. 🔵 Settings 🟣 Logical settings Swing period : You can set the swing detection period. Valid After Trigger Bars : Limits how many candles after a fake breakout the entry zone remains valid. Max Swing Back Method : It is in two modes "All" and "Custom". If it is in "All" mode, it will check all swings, and if it is in "Custom" mode, it will check the swings to the extent you determine. Max Swing Back : You can set the number of swings that will go back for checking. 🟣 Display settings Displaying or not displaying swings and setting the color of labels and lines. 🟣 Alert Settings Alert False Breakout : Enables alerts for Breakout. Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'. Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'. 🔵 Conclusion A sound understanding of the false breakout phenomenon and its relationship to structural price behavior is essential for technical traders aiming to improve precision and consistency. Many poor trading decisions stem from misinterpreting failed breakouts and entering too early into weak signals. A structured approach, grounded in the analysis of swing levels and validated through specific price action and timing rules, can turn these misleading moves into valuable trade opportunities. This indicator, by combining fake breakout detection with time filters and Fibonacci-based retracement zones, helps traders only engage with the market when multiple confirming factors are in alignment. The result is a strategy that emphasizes probability, risk control, and clarity in decision-making, offering a solid edge in navigating today’s volatile markets.
Pine Script® indicator
by TFlab
28
GCM Bull Bear RiderGCM Bull Bear Rider (GCM BBR) Your Ultimate Trend-Riding Companion GCM Bull Bear Rider is a comprehensive, all-in-one trend analysis tool designed to eliminate guesswork and provide a crystal-clear view of market direction. By leveraging a highly responsive Jurik Moving Average (JMA), this indicator not only identifies bullish and bearish trends with precision but also tracks their performance in real-time, helping you ride the waves of momentum from start to finish. Whether you are a scalper, day trader, or swing trader, the GCM BBR adapts to your style, offering a clean, intuitive, and powerful visual guide to the market's pulse. Key Features JMA-Powered Trend Lines (UTPL & DTPL): The core of the indicator. A green "Up Trend Period Line" (UTPL) appears when the JMA's slope turns positive (buyers are in control), and a red "Down Trend Period Line" (DTPL) appears when the slope turns negative (sellers are in control). The JMA is used for its low lag and superior smoothing, giving you timely and reliable trend signals. Live Profit Tracking Labels: This is the standout feature. As soon as a trend period begins, a label appears showing the real-time profit (P:) from the trend's starting price. This label moves with the trend, giving you instant feedback on its performance and helping you make informed trade management decisions. Historical Performance Analysis: The profit labels remain on the chart for completed trends, allowing you to instantly review past performance. See at a glance which trends were profitable and which were not, aiding in strategy refinement and backtesting. Automatic Chart Decluttering: To keep your chart clean and focused on significant moves, the indicator automatically removes the historical profit label for any trend that fails to achieve a minimum profit threshold (default is 0.5 points). Dual-Ribbon Momentum System: JMA / Short EMA Ribbon: Visualizes short-term momentum. A green fill indicates immediate bullish strength, while a red fill shows bearish pressure. Short EMA / Long EMA Ribbon: Acts as a long-term trend filter, providing broader market context for your decisions. "GCM Hunt" Entry Signals: The indicator includes optional pullback entry signals (green and red triangles). These appear when the price pulls back to a key moving average and then recovers in the direction of the primary trend, offering high-probability entry opportunities. How to Use Identify the Trend: Look for the appearance of a solid green line (UTPL) for a bullish bias or a solid red line (DTPL) for a bearish bias. Use the wider EMA ribbon for macro trend confirmation. Time Your Entry: For aggressive entries, you can enter as soon as a new trend line appears. For more conservative entries, wait for a "GCM Hunt" triangle signal, which confirms a successful pullback. Ride the Trend & Manage Your Trade: The moving profit label (P:) is your guide. As long as the trend line continues and the profit is increasing, you can confidently stay in the trade. A flattening JMA or a decreasing profit value can signal that the trend is losing steam. Focus Your Strategy: Use the Display Mode setting to switch between "Buyers Only," "Sellers Only," or both. This allows you to completely hide opposing signals and focus solely on long or short opportunities. Core Settings Display Mode: The master switch. Choose to see visuals for "Buyers & Sellers," "Buyers Only," or "Sellers Only." JMA Settings (Length, Phase): Fine-tune the responsiveness of the core JMA engine. EMA Settings (Long, Short): Adjust the lengths of the moving averages that define the ribbons and "Hunt" signals. Label Offset (ATR Multiplier): Customize the gap between the trend lines and the profit labels to avoid overlap with candles. Filters (EMA, RSI, ATR, Strong Candle): Enable or disable various confirmation filters to strengthen the "Hunt" entry signals according to your risk tolerance. Add the GCM Bull Bear Rider to your chart today and transform the way you see and trade the trend! ENJOY
Pine Script® indicator
by uniGram
ICT Setup 04 [TradingFinder] SFP Sweep Liquidity Fake CHoCH/BOS🔵 Introduction In smart money and ICT based trading, liquidity is never random. Some of the most meaningful market moves begin with a liquidity sweep where price intentionally hunts a previous swing high or swing low to trigger stop loss orders and absorb volume. This manipulation is often followed by a sharp reversal from a reaction zone, creating ideal conditions for a high probability entry. This indicator is built to detect exactly that. It identifies a valid swing point and defines a reaction zone where price is likely to react. For short setups, the zone lies between the swing high and the maximum of the candle’s open or close. For long setups, it’s drawn from the swing low to the minimum of the open or close. When price returns to this zone and forms a qualified confirmation candle typically a doji or a small bodied candle that closes inside the zone while sweeping the liquidity this is a potential sign of reversal. The candle must show both the sweep and the inability to hold above or below the key level, signaling a fake breakout or failed move. By combining elements of liquidity hunt, reaction zone rejection, and candle based entry confirmation, this tool highlights sniper entry points used by smart money to trap retail traders and reverse the trend. It helps filter out noise and enhances timing, making it ideal for trading in alignment with institutional order flow. Long Position : Short Position : 🔵 How to Use This indicator is designed to highlight precise moments where price sweeps liquidity and reacts within a high probability reversal zone. By identifying clean swing highs and lows and defining a smart reaction zone around them, it filters out weak fakeouts and focuses only on setups with strong institutional footprints. The tool works best when combined with market structure analysis and is suitable for both scalping and intraday trading. Below is a breakdown of how to interpret the signals for long and short positions based on the visual setups provided. 🟣 Long Setup In a long setup, the indicator first detects a valid swing low where liquidity has likely accumulated below. A reaction zone is then drawn between the swing low and the minimum of the open or close of the swing candle. When price returns to this zone, it must sweep the previous low and form a precise confirmation candle, such as a doji or a small bodied candle, that closes inside the zone. This candle must also reject the lower level, showing failure to continue downward. As shown in the chart, once the liquidity grab is complete and the confirmation candle forms, a clean long signal is issued, indicating a potential bullish reversal backed by smart money behavior. 🟣 Short Setup In a short setup, the indicator identifies a swing high where buy-side liquidity is resting. It then constructs a reaction zone between the high and the maximum of the open or close of the swing candle. Price must return to this zone, sweep the swing high, and form a bearish confirmation candle inside the zone. A classic example is a doji or rejection candle that traps breakout buyers and fails to hold above the previous high. In the provided chart, the price aggressively hunts the liquidity above the swing high, but the close within the reaction zone signals exhaustion, prompting a short signal with high reversal probability. These setups represent moments where price action, liquidity behavior, and candle structure align to offer strong entries. By focusing on clean sweeps and reactive confirmations, the indicator helps traders stay on the side of smart money and avoid common breakout traps. 🔵 Settings 🟣 Logical settings Swing period : You can set the swing detection period. Max Swing Back Method : It is in two modes "All" and "Custom". If it is in "All" mode, it will check all swings, and if it is in "Custom" mode, it will check the swings to the extent you determine. Max Swing Back : You can set the number of swings that will go back for checking. Maximum Distance Between Swing and Signal :The maximum number of candles allowed between the swing point and the potential signal. The default value is 50, ensuring that only recent and relevant price reactions are considered valid. 🟣 Display settings Displaying or not displaying swings and setting the color of labels and lines. 🟣 Alert Settings Alert SFP : Enables alerts for Swing Failure Pattern. Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'. Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'. 🔵 Conclusion This indicator is built for traders who rely on liquidity driven setups and smart money principles. By combining swing structure analysis with precision reaction zones and strict entry confirmation, it isolates the exact moments where price sweeps liquidity and fails to continue. These are high value points where institutional activity often reveals itself, and retail traps unfold. Unlike generic breakout tools, this script focuses on quality over quantity by requiring both a sweep of a swing high or low and a confirmed rejection candle that closes inside a predefined zone. With customizable swing depth, proximity filters, visual highlights, and alert functions, it offers a complete framework for identifying and acting on fake breakouts with confidence. Whether you trade forex, crypto, or indices, this tool enhances your ability to align with true order flow and take entries where liquidity is most likely to shift.
Pine Script® indicator
by TFlab
8
Percent Change IndicatorPercent Change Indicator Description Overview: The Percent Change Indicator is a Pine Script (version 6) indicator designed for TradingView to calculate and visualize the percentage change of the current close price relative to a user-selected reference price. It provides a customizable interface to display percentage changes as candlesticks or a line plot, with optional horizontal lines and labels for key levels. The indicator also includes visual signals and alerts for user-defined percentage thresholds, making it useful for identifying significant price movements. Key Features: 1. Percentage Change Calculation: - Computes the percentage change of the current close price compared to a reference price, scaled by a user-defined length parameter. - Formula: percentChange = (close - refPrice) / refPrice * len - The reference price is sourced from a user-selected timeframe (default: 1D) and price type (Open, High, Low, Close, HL2, HLC3, or HLCC4). 2. Visualization Options: - Candlestick Plot: Displays percentage change as candlesticks, colored green for rising values and red for falling values. - Line Plot: Plots the percentage change as a line, with the same color logic. - Horizontal Lines: Optional horizontal lines at key percentage levels (0%, ±0.2%, ±0.5%, ±0.8%, ±1%) for reference. - Labels: Optional labels for percentage levels (0, ±15%, ±35%, ±50%, ±65%, ±85%, ±100%) displayed at the chart's right edge. - All visualizations are toggleable via input settings. 3. Signal and Alert System: - Threshold-Based Signals: Plots green triangles below bars for long signals (percent change above a user-defined threshold) and red triangles above bars for short signals (percent change below the threshold). - Alerts: Configurable alerts for long and short conditions, triggered when the percentage change crosses the user-defined threshold (default: 2%). Alert messages include the threshold value for clarity. 4. Customizable Inputs: - Show Labels: Toggle visibility of percentage level labels (default: true). - Show Percentage Change: Toggle the line plot of percentage change (default: true). - Show HLines: Toggle visibility of horizontal reference lines (default: false). - Show Candle Plot: Toggle the candlestick plot (default: true). - Percent Change Length: Adjust the scaling factor for percentage change (default: 14). - Plot Timeframe: Select the timeframe for the reference price (default: 1D). - Price Type: Choose the reference price type (Open, High, Low, Close, HL2, HLC3, HLCC4; default: Open). - Percentage Threshold: Set the threshold for long/short signals and alerts (default: 0.02 or 2%). How It Works: - The indicator fetches the reference price using request.security() based on the selected timeframe and price type. - It calculates the percentage change and scales it by the user-defined length. - Visuals (candlesticks, lines, labels, horizontal lines) are plotted based on user preferences. - Long and short signals are generated when the percentage change exceeds or falls below the user-defined threshold, with corresponding triangles plotted and alerts triggered. Use Cases: - Trend Identification: Monitor significant price movements relative to a reference price. - Signal Generation: Identify potential entry/exit points based on percentage change thresholds. - Custom Analysis: Analyze price changes across different timeframes and price types for various trading strategies. - Alert Notifications: Receive alerts for significant price movements to stay informed without constant chart monitoring. Setup Instructions: 1. Add the indicator to a TradingView chart. 2. Adjust input settings (timeframe, price type, threshold, etc.) to suit your analysis. 3. Enable/disable visualization options (candlesticks, lines, labels, horizontal lines) as needed. 4. Set up alerts in TradingView: - Go to the "Alerts" tab and select "Percent Change Indicator." - Choose "Long Alert" or "Short Alert" to monitor threshold crossings. - Configure alert frequency and notification method (e.g., email, webhook). Notes: - The indicator is non-overlay, displayed in a separate pane below the main chart. - Alerts trigger on bar close by default; adjust TradingView alert settings for real-time notifications if needed. - The indicator is released under the Mozilla Public License 2.0. Author: Dshergill This indicator is ideal for traders seeking a flexible tool to track percentage-based price movements with customizable visuals and alerts.
Pine Script® indicator
by Dshergill
2
Custom Grid LinesThe Custom Grid Lines Indicator is a versatile tool designed for traders who want to manually define key price zones and visualize them with precision. This indicator allows users to select their own starting and ending price levels and automatically divides the range into user-defined grids using horizontal lines. 🔧 Key Features: 📍 User-Controlled Price Range: Manually set the starting (bottom) and ending (top) price levels based on your trading plan, key zones, or market structure. 📊 Flexible Grid Setup: Easily choose the number of grid lines to divide your selected range into equal price intervals. 📏 Automatic Grid Calculation: The indicator calculates grid spacing and plots horizontal lines at each level, providing a clean and structured visual guide. ✅ Simple and Effective Visualization: Ideal for grid trading, manual support/resistance plotting, or price zone tracking. ⚙️ How to Use: Input the desired starting price (bottom of your range). Input the ending price (top of your range). Select the number of grids you want between these two levels. The indicator will automatically draw all grid lines across your chart. 💡 Best For: Grid Trading Strategies Visualizing Custom Price Zones Manual Support and Resistance Mapping Session-Based Trading Ranges
Pine Script® indicator
by signaltriangle
8
Simple Pips GridOverview This is a clean, simple, and highly practical indicator that draws horizontal grid lines at user-defined pip intervals. Unlike other complex grid indicators, this script is designed to be lightweight and error-free. It eliminates automatic symbol detection and instead gives you full manual control, ensuring it works perfectly with any symbol you trade—FX, CFDs, Crypto, Stocks, Indices, and more. Key Features Universal Compatibility: Works with any trading pair by letting you manually define the pip value. Fully Customizable: Easily set the pip interval for your grid (e.g., 10 pips, 50 pips, 100 pips). Lightweight & Fast: Simple code ensures smooth performance without lagging your chart. Visual Customization: Change the color, width, and style (solid, dashed, dotted) of the grid lines. How to Use It's incredibly simple to set up. You only need to configure two main settings: Step 1: Set the "Pip Value" This is the most important setting. You need to tell the indicator what "1 pip" means for the symbol you are currently viewing. Go to the indicator settings and find the "Pip Value" input. Here are some common examples: Symbol Pip Value (Input this number) USD/JPY 0.01 EUR/USD 0.0001 GBP/USD 0.0001 XAU/USD (Gold) 0.1 JP225 (Nikkei 225) 10 US500 (S&P 500) 1 BTC/USD 0.1 or 1.0 (depending on your preference) Step 2: Set the "Pip Interval" Next, in the "Pip Interval" input, simply type how many pips you want between each line. For a 10-pip grid, enter 10. For a 50-pip grid, enter 50. That's it! The grid will now be perfectly aligned to your specifications. Additional Settings Line Color, Width, Style: Customize the appearance of the lines to match your chart theme. Number of Lines: Adjust how many lines are drawn above and below the current price to optimize performance and visibility. This script was created with the assistance of Gemini (Google's AI) to be a simple and reliable tool for all traders. Feel free to use and modify it. Happy trading!
Pine Script® indicator
by knjk
Fibonacci Optimal Entry Zone [OTE] (Zeiierman)█ Overview Fibonacci Optimal Entry Zone (Zeiierman) is a high-precision market structure tool designed to help traders identify ideal entry zones during trending markets. Built on the principles of Smart Money Concepts (SMC) and Fibonacci retracements, this indicator highlights key areas where price is most likely to react — specifically within the "Golden Zone" (between the 50% and 61.8% retracement). It tracks structural pivot shifts (CHoCH) and dynamically adjusts Fibonacci levels based on real-time swing tracking. Whether you're trading breakouts, pullbacks, or optimal entries, this tool brings unparalleled clarity to structure-based strategies. Ideal for traders who rely on confluence, this indicator visually synchronizes swing highs/lows, market structure shifts, Fibonacci retracement levels, and trend alignment — all without clutter or lag. ⚪ The Structural Assumption Price moves in waves, but key retracements often lead to continuation or reversal — especially when aligned with structure breaks and trend shifts. The Optimal Entry Zone captures this behavior by anchoring Fibonacci levels between recent swing extremes. The most powerful area — the Golden Zone — marks where institutional re-entry is likely, providing traders with a sniper-like roadmap to structure-based entries. █ How It Works ⚪ Structure Tracking Engine At its core, the indicator detects pivots and classifies trend direction: Structure Period – Determines the depth of pivots used to detect swing highs/lows. CHoCH – Break of structure logic identifies where the trend shifts or continues, marked visually on the chart. Bullish & Bearish Modes – Independently toggle uptrend and downtrend detection and styling. ⚪ Fibonacci Engine Upon each confirmed structural shift, Fibonacci retracement levels are projected between swing extremes: Custom Levels – Choose which retracements (0.50, 0.618, etc.) are shown. Real-Time Adjustments – When "Swing Tracker" is enabled, levels and labels update dynamically as price forms new swings. Example: If you disable the Swing Tracker, the Golden Level is calculated using the most recent confirmed swing high and low. If you enable the Swing Tracker, the Golden Level is calculated from the latest swing high or low, making it more adaptive as the trend evolves in real time. █ How to Use ⚪ Structure-Based Entry Wait for CHoCH events and use the resulting Fibonacci projection to identify entry points. Enter trades as price taps into the Golden Zone, especially when confluence forms with swing structure or order blocks. ⚪ Real-Time Reaction Tracking Enable Swing Tracker to keep the tool live — constantly updating zones as price shifts. This is especially useful for scalpers or intraday traders who rely on fresh swing zones. █ Settings Structure Period – Number of bars used to define swing pivots. Larger values = stronger structure. Swing Tracker – Auto-updates fib levels as new highs/lows form. Show Previous Levels – Keep older fib zones on chart or reset with each structure shift. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Pine Script® indicator
by Zeiierman
14
Zigzag Simple [SCL]🟩  OVERVIEW Draws zigzag lines from pivot Highs to pivot Lows. You can choose between three different ways of calculating pivots:  • True Highs and Lows  • Williams pivots  • Oscillator pivots 🟩  HOW TO USE This indicator can be used to understand market structure, which is arguably the primary thing you need to be aware of when trading. The zigzag by itself does not display a market structure bias, nor any information about prices of pivots, HH and HL labels, or anything like that. Nevertheless, a simple zigzag is perhaps the easiest and most intuitive way to understand what price is doing. Choose a pivot style that you like, customise the colours and line style, and enjoy! 🟩  PIVOT TYPES EXPLAINED True Highs and Lows This is not an invention of mine (all credit to my humble mentor), but I haven't seen anyone else code them up. A true High is a close below the low of the candle with the highest high. A true Low is a close above the high of a candle with the lowest low. These are solid, price action-based pivots that can sometimes confirm quickly. Williams pivots This is how most people calculate pivots. They're simply the highest high for x bars back and x bars forwards. They're the vanilla of pivots IMO: serviceable but not very interesting. They're very convenient to code because there are built-in Pine functions for them: ta.pivothigh and ta.pivotlow . They confirm a predictable number of bars after they happen, which is great for coding but also makes the trader wait for confirmation. Oscillator pivots This is a completely different concept, which uses momentum in order to define pivots. For example, when you get a rise in momentum and momentum then drops a configurable amount, it confirms a pivot high, and vice versa for a pivot low. I don't know if anyone else does it –- although some indicators do mark pivots in momentum itself, and plenty do divergences, I wasn't able to find one that specifically marked *pivots in price* because of pivots in momentum 🤷‍♂️ Anyway, while this approach needs a whole investigation on its own, here we simply plot some pivots in a smoothed RSI. This indicator doesn't plot the actual momentum values -- for a more visual understanding of how this works, refer to the examples in the OscillatorPivots library. 🟩  UNIQUE ADVANTAGES In contrast to other zigzag indicators available, this one lets you choose between the standard and some more unique methods of generating the zigzags. Additionally, because it's based on libraries, it is relatively easy for programmers to use as a basis for experimentation. 🟩  GEEK STUFF Although there is considerable practical use for pivot-based zigzags in trading, this script is primarily a demonstration in coding -- specifically the power of libraries! Most of the script consists of setup, especially defining inputs. The final section sacrifices some readability for conciseness, simply to emphasise how little code you need when the heavy lifting is done by libraries . The actual calculations and drawing are achieved in just 8 lines. The equivalent code in the libraries is ~250 lines long. All libraries used are my own, public and open-source:  • MarketStructure  • DrawZigZag  • OscillatorPivots
Pine Script® indicator
by SimpleCryptoLife
3
Real-Time Spring DetectorThis is a Pine Script for Trading View that creates a "Real-Time Spring Detector" indicator. This Pine Script is essentially a sophisticated pattern recognition tool that helps identify "spring" setups - a popular trading pattern where price briefly breaks below support but then bounces back strongly, often indicating that sellers are exhausted and buyers are ready to step in.What is a "Spring" in Trading? A spring is a technical analysis pattern that occurs when: Price breaks below a support level (like breaking below a floor) But then quickly bounces back up (like a spring rebounds) This often signals that sellers are weak and buyers are stepping in Think of it like testing the strength of a trampoline - you push down, but it springs back up stronger. What This Script Does This Pine Script automatically detects spring patterns on your chart and alerts you when they happen. Here's how it works: Main Components 1. Input Parameters (Settings You Can Adjust) Lookback Period (10): How many bars back to look for patterns Min Support Touches (2): How many times price must touch the support level Min Penetration % (0.1%): How far below support price must break Min Rejection % (30%): How much price must bounce back up Alert Settings: Choose when to get notifications 2. Support Level Detection The script finds "support levels" - price levels where buyers have stepped in before: It looks at recent low points Identifies areas where price has bounced multiple times Uses a small tolerance (0.5%) to account for minor price differences 3. Spring Detection Logic The script identifies three types of springs: Real-Time Spring (happening right now): Price breaks below support by the minimum amount Price bounces back strongly (rejection %) Current candle closes higher than it opened (bullish) Volume is reasonable Confirmed Spring (already completed): Same as real-time, but the candle has finished forming Potential Spring (early warning): Price is near support but hasn't fully formed the pattern yet 4. Visual Elements Markers on Chart: 🟢 Green Triangle: Confirmed spring (reliable signal) 🟡 Yellow Triangle: Spring forming right now (live signal) 🟠 Orange Circle: Potential spring (early warning) Labels: Show "SPRING" with the rejection percentage "FORMING" for developing patterns "?" for potential springs Support Line: Red dotted line showing the support level Background Colors: Light red when price penetrates support Light yellow for potential springs 5. Information Box A table in the top-left corner shows: Current support level price Whether penetration is happening Rejection percentage Current pattern status Live price 6. Alert System Two types of alerts: Real-time alerts: Notify when spring is forming (current bar) Confirmed alerts: Notify when spring is complete (bar closed) Alert cooldown: Prevents spam by waiting 5 bars between alerts How to Use This Script 1. Installation Copy the script code Open TradingView Go to Pine Editor Paste the code Click "Add to Chart" 2. Settings Adjust the input parameters based on your trading style: Lower lookback = more sensitive, faster signals Higher support touches = more reliable but fewer signals Lower penetration % = catches smaller springs Higher rejection % = only strong bounces 3. Interpretation Green triangles: High-confidence buy signals Yellow triangles: Watch closely, pattern developing Orange circles: Early warning, not tradeable yet 4. Best Practices Use on higher timeframes (15min+) for more reliable signals Combine with other indicators for confirmation Pay attention to volume - higher volume springs are more reliable Wait for confirmed signals if you're a conservative trader Key Features for Small Timeframes The script includes special detection for shorter timeframes: Quick bounce detection: Identifies rapid reversals Hammer pattern recognition: Spots candlestick patterns Relaxed volume requirements: Works when volume data is limited Advanced Features Volume Analysis Compares current volume to 10-bar average Requires at least 80% of average volume (flexible for small timeframes) Pattern Enhancement Looks for hammer-like candles (long lower wick, small upper wick) Identifies quick bounces where the upper wick is small Multiple Confirmation Combines multiple criteria to reduce false signals Stronger springs get priority for alerts Common Use Cases Entry Signals: Buy when confirmed springs appear Support Level Identification: Visual support lines help identify key levels Risk Management: Failed springs (continued breakdown) can be stop-loss triggers Market Structure: Understanding where buyers are defending price levels Limitations Works best in trending or ranging markets May produce false signals in very choppy conditions small timeframe signals can be noisy should be combined with other analysis methods.The key advantage is that it can catch these patterns as they happen, rather than you having to constantly watch charts. This is especially valuable for active traders who want to capitalize on quick reversals at support levels.
Pine Script® indicator
by kingshukghosh71
ALEX - ATR Extensions + ADR + TableALEX - ATR Extensions + ADR + Table Overview The ALEX ATR Extensions indicator is a comprehensive volatility and momentum analysis tool that combines Average True Range (ATR), Average Daily Range (ADR), and moving average distance calculations in a single, customizable display. This indicator helps traders assess current price action relative to historical volatility and key moving averages, providing crucial context for risk management and trade planning. Key Features Multi-Metric Analysis - ATR Percentage: Current ATR as a percentage of price for volatility assessment - ADR Percentage: Average Daily Range as a percentage for typical daily movement - Low of Day Distance: Distance from current price to daily low - Moving Average Distance: ATR-normalized distance from 21 and 50 period moving averages Flexible Moving Average Options - Configurable MA Types: Choose between EMA or SMA for both 21 and 50 period averages - Customizable Periods: Adjust moving average lengths to suit your trading style - Daily Timeframe Data: Uses daily moving averages regardless of chart timeframe ATR Extension Levels - Dynamic Price Targets: Calculate extension levels based on ATR multiples from moving averages - Visual Reference Lines: Optional overlay lines showing ATR extension targets - Customizable Multipliers: Adjust ATR multipliers for different risk/reward scenarios Smart Visual Alerts - Color-Coded Distance Metrics: Automatic color changes based on distance thresholds - Symbol Plotting: Customizable chart symbols when distance thresholds are exceeded - Threshold-Based Alerts: Visual cues when price reaches significant ATR distances Comprehensive Data Table - Real-Time Metrics: Live updating table with all key measurements - Customizable Display: Toggle individual metrics on/off based on preference - Professional Styling: Adjustable colors, fonts, and transparency How to Use Volatility Assessment - High ATR%: Indicates elevated volatility, larger position sizing considerations - Low ATR%: Suggests compressed volatility, potential for expansion - ADR% Comparison: Compare current day's range to historical average Moving Average Analysis - ATR Distance 21/50: Normalized distance showing how extended price is from key levels - Positive Values: Price above moving average (bullish positioning) - Negative Values: Price below moving average (bearish positioning) - Color Changes: Automatic alerts when reaching threshold levels Extension Target Planning - ATR Extension Lines: Visual price targets based on volatility-adjusted projections - Risk/Reward Planning: Use extension levels for profit target placement - Breakout Confirmation: Extension levels can confirm breakout validity Symbol Alert System - Chart Symbols: Automatic plotting when distance thresholds are breached - Customizable Triggers: Set your own threshold levels for alerts - Visual Scanning: Quick identification of extended conditions across multiple charts Settings Display Controls - Show ADR%: Toggle average daily range percentage display - Show ATR%: Toggle average true range percentage display - Show LoD Distance: Toggle low of day distance calculation - Show LoD Price: Toggle actual low of day price display - Show ATR Distance from 21/50 DMA: Toggle moving average distance metrics - Show 21/50 DMA Price: Toggle actual moving average price display - Show ATR Extension Levels: Toggle extension target display in table Moving Average Configuration - 21/50 DMA Type: Choose between EMA or SMA calculation methods - 21/50 DMA Period: Customize moving average lengths - ADR/ATR Length: Adjust calculation periods for range measurements Color Thresholds - Threshold Levels: Set distance levels for color changes (default 2.0 and 5.0) - Custom Colors: Choose colors for different threshold breaches - Separate 21/50 Settings: Independent color schemes for each moving average Symbol Settings - Show Char Symbol: Toggle symbol plotting for each moving average - Custom Symbols: Choose any character for chart plotting - Symbol Colors: Customize colors for visual distinction - Threshold Levels: Set trigger points for symbol appearance ATR Extension Lines - Show Extension Lines: Toggle visual extension level lines - ATR Multipliers: Customize extension distance (default 2.0x) - Line Colors: Choose colors for extension level visualization Table Customization - Background Color: Adjust table transparency and color - Text Color: Customize default text appearance - Font Size: Choose from tiny to huge font options Advanced Applications Trend Strength Analysis - Large ATR distances suggest strong trending moves - Small ATR distances indicate potential consolidation or reversal zones - Compare current readings to recent historical ranges Risk Management - Use ATR% for position sizing calculations - Extension levels provide natural profit target zones - Distance metrics help identify overextended conditions Multi-Timeframe Context - Apply to different timeframes for comprehensive analysis - Daily data provides consistency across all chart intervals - Combine with weekly/monthly analysis for broader context Market Regime Identification - High volatility periods: Increased ATR% readings - Low volatility periods: Compressed ATR% readings - Trending markets: Sustained high distance readings - Consolidating markets: Low distance readings with frequent color changes Best Practices Volatility-Adjusted Trading - Increase position sizes during low volatility periods - Reduce position sizes during high volatility periods - Use ATR% for stop-loss placement relative to normal market movement Extension Level Usage - Primary targets: 1.5-2.0x ATR extensions - Secondary targets: 2.5-3.0x ATR extensions - Avoid chasing prices beyond 3x ATR extensions Threshold Optimization - Backtest different threshold levels for your trading style - Consider market conditions when setting alert levels - Adjust thresholds based on instrument volatility characteristics Integration Strategies - Combine with momentum indicators for confirmation - Use alongside support/resistance levels - Incorporate into systematic trading approaches Technical Specifications - Compatible with Pine Script v6 - Uses daily timeframe data for consistency - Optimized for real-time performance - Works on all chart types and timeframes - Supports all tradeable instruments Ideal For - Swing traders using daily charts - Position traders seeking volatility context - Day traders needing intraday reference levels - Risk managers requiring volatility metrics - Systematic traders building rule-based strategies Disclaimer This indicator is for educational and informational purposes only. It should not be used as the sole basis for trading decisions. Always combine with other forms of analysis, proper risk management techniques, and consider your individual trading plan and risk tolerance. Past performance does not guarantee future results. Compatible with Pine Script v6 | Optimized for daily timeframe analysis | Works across all markets and instruments
Pine Script® indicator
by Alex_PrimeTrading
Wavelet Filter with Adaptive Upsampling [BackQuant]Wavelet Filter with Adaptive Upsampling The Wavelet Filter with Adaptive Upsampling is an advanced filtering and signal reconstruction tool designed to enhance the analysis of financial time series data. It combines wavelet transforms with adaptive upsampling techniques to filter and reconstruct price data, making it ideal for capturing subtle market movements and enhancing trend detection. This system uses high-pass and low-pass filters to decompose the price series into different frequency components, applying adaptive thresholding to eliminate noise and preserve relevant signal information. Shout out to Loxx for the Least Squares fitting of trigonometric series and Quinn and Fernandes algorithm for finding frequency www.tradingview.com Key Features 1. Frequency Decomposition with High-Pass and Low-Pass Filters: The indicator decomposes the input time series using high-pass and low-pass filters to separate the high-frequency (detail) and low-frequency (trend) components of the data. This decomposition allows for a more accurate analysis of underlying trends, while mitigating the impact of noise. 2. Soft Thresholding for Noise Reduction: A soft thresholding function is applied to the high-frequency component, allowing for the reduction of noise while retaining significant market signals. This function adjusts the coefficients of the high-frequency data, removing small fluctuations and leaving only the essential price movements. 3. Adaptive Upsampling Process: The upsampling process in this script can be customized using different methods: sinusoidal upsampling, advanced upsampling, and simple upsampling. Each method serves a unique purpose: Sinusoidal Upsample uses a sine wave to interpolate between data points, providing a smooth transition. Advanced Upsample utilizes a Quinn-Fernandes algorithm to estimate frequency and apply more sophisticated interpolation techniques, adapting to the market’s cyclical behavior. Simple Upsample linearly interpolates between data points, providing a basic upsampling technique for less complex analysis. 4. Reconstruction of Filtered Signal: The indicator reconstructs the filtered signal by summing the high and low-frequency components after upsampling. This allows for a detailed yet smooth representation of the original time series, which can be used for analyzing underlying trends in the market. 5. Visualization of Reconstructed Data: The reconstructed series is plotted, showing how the upsampling and filtering process enhances the clarity of the price movements. Additionally, the script provides the option to visualize the log returns of the reconstructed series as a histogram, with positive returns shown in green and negative returns in red. 6. Cumulative Series and Trend Detection: A cumulative series is plotted to visualize the compounded effect of the filtered and reconstructed data. This feature helps traders track the overall performance of the asset over time, identifying whether the asset is following a sustained upward or downward trend. 7. Adaptive Thresholding and Noise Estimation: The system estimates the noise level in the high-frequency component and applies an adaptive thresholding process based on the standard deviation of the downsampled data. This ensures that only significant price movements are retained, further refining the trend analysis. 8. Customizable Parameters for Flexibility: Users can customize the following parameters to adjust the behavior of the indicator: Frequency and Phase Shift: Control the periodicity of the wavelet transformation and the phase of the upsampling function. Upsample Factor: Adjust the level of interpolation applied during the upsampling process. Smoothing Period: Determine the length of time used to smooth the signal, helping to filter out short-term fluctuations. References Enhancing Cross-Sectional Currency Strategies with Context-Aware Learning to Rank arxiv.org Daubechies Wavelet - Wikipedia en.wikipedia.org Quinn Fernandes Fourier Transform of Filtered Price by Loxx Note on Usage for Mean-Reversion Strategy This indicator is primarily designed for trend-following strategies. However, by taking the inverse of the signals, it can be adapted for mean-reversion strategies. This involves buying underperforming assets and selling outperforming ones. Caution: This method may not work effectively with highly correlated assets, as the price movements between correlated assets tend to mirror each other, limiting the effectiveness of mean-reversion strategies. Final Thoughts The Wavelet Filter with Adaptive Upsampling is a powerful tool for traders seeking to improve their understanding of market trends and noise. By using advanced wavelet decomposition and adaptive upsampling, this system offers a clearer, more refined picture of price movements, enhancing trend-following strategies. It’s particularly useful for detecting subtle shifts in market momentum and reconstructing price data in a way that removes noise, providing more accurate insights into market conditions.
Pine Script® indicator
by BackQuant
NY ORB + Fakeout Detector🗽 NY ORB + Fakeout Detector This indicator automatically plots the New York Opening Range (ORB) based on the first 15 minutes of the NY session (15:30–15:45 CEST / 13:30–13:45 UTC) and detects potential fakeouts (false breakouts). 🔍 Key Features: ✅ Plots ORB high and low based on the 15-minute NY open range ✅ Automatically detects fake breakouts (price wicks beyond the box but closes back inside) ✅ Visual markers:   🔺 "Fake ↑" if a fake breakout occurs above the range   🔻 "Fake ↓" if a fake breakout occurs below the range ✅ Gray background highlights the ORB session window ✅ Designed for scalping and short-term breakout strategies 🧠 Best For: Intraday traders looking for NY volatility setups Scalpers using ORB-based entries Traders seeking early-session fakeout traps to avoid false signals Those combining with EMA 12/21, volume, or other confluence tools
Pine Script® indicator
by STEFANGAS
Price equilibrium between buyers and sellers [Soroush Rezaei]This indicator visualizes the dynamic balance between buyers and sellers using two simple moving averages (SMAs) based on the high and low prices. The green line (SMA of highs) reflects the upper pressure zone, while the red line (SMA of lows) represents the lower support zone. When price hovers between these two levels, it often signals a state of temporary equilibrium — a consolidation zone where buyers and sellers are relatively balanced. Use this tool to: Identify ranging or balanced market phases Spot potential breakout or reversal zones Enhance your multi-timeframe or price action strategy Recommended for intraday and swing traders seeking visual clarity on market structure and momentum zones.
Pine Script® indicator
by dfpksk
3
ZigZag ProZigZag Pro is a precise market structure indicator that automatically detects two independent ZigZag patterns and highlights breakouts whenever significant highs or lows are breached. The indicator calculates two separate ZigZag structures in real time. ZigZag1 captures the broader market swings and is ideal for trend or swing trading. ZigZag2 is optional and reacts more quickly – perfect for intraday or scalping setups. Both layers are fully customizable in terms of depth, color, and line width. What makes this tool especially useful: whenever a previous swing high (for long trades) or swing low (for short trades) is broken, the indicator draws a horizontal breakout line on the chart. This makes it easy to spot structural breakouts and take advantage of potential momentum moves. ZigZag Pro is designed for traders who rely on clean, rule-based market structure — whether you're trading classic breakouts, smart money concepts, or simply want a clearer view of trend shifts. The visuals are minimal, responsive, and suitable for any timeframe.
Pine Script® indicator
by Jonny86FXPro
4
Trailing Stop Loss [TradingFinder] 4 Machine Learning Methods🔵 Introduction The trailing stop indicator dynamically adjusts stop-loss (SL) levels to lock in profits as price moves favorably. It uses pivot levels and ATR to set optimal SL points, balancing risk and reward. Trade confirmation filters, a key feature, ensure entries align with market conditions, reducing false signals. In 2023 a study showed filtered entries improve win rates by 15% in forex. This enhances trade precision. SL settings, ranging from very tight to very wide, adapt to volatility via ATR calculations. These settings anchor SL to previous pivot levels, ensuring alignment with market structure. This caters to diverse trading styles, from scalping to swing trading. The indicator colors the profit zone between the entry point (EP) and SL, using light green for buy trades and light red for sell trades. This visual cue highlights profit potential. It’s ideal for traders seeking dynamic risk management. A table displays real-time trade details, including EP, SL, and profit/loss (PNL). Backtests show trailing stops cut losses by 20% in trending markets. This transparency aids decision-making. 🔵 How to Use 🟣 SL Levels The trailing stop indicator sets SL based on pivot levels and ATR, offering four options: very tight, tight, wide, or very wide. Very tight SLs suit scalpers, while wide SLs fit swing traders. Select the base level to match your strategy. If price hits the SL, the trade closes, and the indicator evaluates the next trade using the selected filter. This ensures disciplined trade management. The cycle restarts with a new confirmed entry. Very tight SLs, set near recent pivots, trigger exits early to minimize risk but limit profits in volatile markets. Wide SLs, shown as farther lines, allow more price movement but increase exposure to losses. Adjust based on ATR and conditions, noting SL breaches open new positions. 🟣 Visualization The indicator’s visual cues, like colored profit zones, simplify monitoring, with light green showing the profit area from EP to trailed SL. Dashed lines mark entry points, while solid lines track the trailed SL, triggering new positions when breached. When price moves into profit, the area between EP and SL is colored—light green for longs, light red for shorts. This highlights the profit zone visually. The SL trails price, locking in gains as the trade progresses. 🟣 Filters Upon trade entry, the indicator requires confirmation via filters like SMA 2x or ADX to validate momentum. Filters reduce false entries, though no guarantee exists for improved outcomes. Monitor price action post-entry for trade validity. Filters like Momentum or ADX assess trend strength before entry. For example, ADX above 25 confirms strong trends. Choose “none” for unfiltered entries. 🟣 Bullish Alert For a bullish trade, the indicator opens a long position with a green SL Line (after optional filters), trailing the SL below price. Set alerts to On in the settings for notifications, or Off to monitor manually. 🟣 Bearish Alert In a bearish trade, the indicator opens a short position with a red SL Line post-confirmation, trailing the SL above price. With alerts On in the settings, it notifies the potential reversal. 🟣 Panel A table displays all trades’ details, including Win Rates, PNL, and trade status. This real-time data aids in tracking performance. Check the table to assess trade outcomes instantly. Review the table regularly to evaluate trade performance and adjust settings. Consistent monitoring ensures alignment with market dynamics. This maximizes the indicator’s effectiveness. 🔵 Settings Length (Default: 10) : Sets the pivot period for calculating SL levels, balancing sensitivity and reliability. Base Level : Options (“Very tight,” “Tight,” “Wide,” “Very wide”) adjust SL distance via ATR. Show EP Checkbox : Toggles visibility of the entry point on the chart. Show PNL : Displays profit/loss data for active and closed trades. Filter : Options (“none,” “SMA 2x,” “Momentum,” “ADX”) validate trade entries. 🔵 Conclusion The trailing stop indicator, a dynamic risk management tool, adjusts SLs using pivot levels and ATR. Its confirmation filters reduce false entries, boosting precision. Backtests show 20% loss reduction in trending markets. Customizable SL settings and visual profit zones enhance usability across trading styles. The real-time table provides clear trade insights, streamlining analysis. It’s ideal for forex, stocks, or crypto. While filters like ADX improve entry accuracy, no setup guarantees success in all conditions. Contextual analysis, like trend strength, is key. This indicator empowers disciplined, data-driven trading.
Pine Script® indicator
by TFlab
12
FVG (Nephew sam remake)Hello i am making my own FVG script inspired by Nephew Sam as his fvg code is not open source. My goal is to replicate his Script and then add in alerts and more functions. Thus, i spent few days trying to code. There is bugs such as lower time frame not showing higher time frame FVG. This script automatically detects and visualizes Fair Value Gaps (FVGs) — imbalances between demand and supply — across multiple timeframes (15-minute, 1-hour, and 4-hour). 15m chart shows: 15m FVGs (green/red boxes) 1H FVGs (lime/maroon) 4H FVGs (faded green/red with borders) (Bugged For now i only see 1H appearing) 1H chart shows: 1H FVGs 4H FVGs 4H chart shows: 4H FVGs only There is the function to auto close FVG when a future candle fully disrespected it. You're welcome to: 🔧 Customize the appearance: adjust box colors, transparency, border style 🧪 Add alerts: e.g., when price enters or fills a gap 📅 Expand to Daily/Weekly: just copy the logic and plug in "D" or "W" as new layers 📈 Build confluence logic: combine this with order blocks, liquidity zones, or ICT concepts 🧠 Experiment with entry signals: e.g., candle confirmation on return to FVG 🚀 Improve performance: if you find a lighter way to track gaps, feel free to optimize!
Pine Script® indicator
by ATKH
1