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SD Bands Filtered Signals### SD Bands Filtered Signals: Reversion & Volatility Scanner **Core Description:** The SD Bands Filtered Signals is a tool developed to help traders identify more accurate buy and sell signals in sideways markets, or during periods of low price movement. It utilizes the principles of Standard Deviation (SD) and a Moving Average (MA), with a unique 'signal filtering' system added to reduce unnecessary noise. **Key Features:** * **SD Bands:** Creates upper and lower bands to define price volatility zones, providing a clear overview of market conditions. * **Intelligent Reversal Signals:** Generates specially filtered Buy/Sell signals for a 'Reversion to the Mean' strategy. These signals appear only when the market has low volatility and the price touches the SD Bands. * **Advanced Signal Filtering System:** Uses a **`Cooldown Bars`** variable to set a rest period between signals. This prevents repetitive arrows in the same zone, helping you find the best signal at the most suitable point. * **Fully Customizable:** You can adjust the **`Length`**, **`Multiplier`**, **`Sideways Threshold`**, and **`Cooldown Bars`** to fit your trading style and asset of choice. **How to Use:** * **Buy Signal (Green Arrow Up):** Look for this signal when the market is sideways and the price moves down to touch the lower band (SD Low). * **Sell Signal (Red Arrow Down):** Look for this signal when the market is sideways and the price moves up to touch the upper band (SD High). * **Customization:** You can adjust the **`Cooldown Bars`** value to control the number of arrows. If you want more accurate but fewer signals, increase this value. **Disclaimer:** * This indicator is an **analytical tool only** and is not a 100% guarantee of profit. * It should be used in conjunction with other forms of analysis, such as candlestick patterns, trading volume, and proper risk management. ไทย ชื่ออินดิเคเตอร์ "SD Bands Filtered Signals: Reversion & Volatility Scanner" คำอธิบายหลัก: อินดิเคเตอร์ SD Bands Filtered Signals เป็นเครื่องมือที่ถูกพัฒนาขึ้นเพื่อช่วยให้นักเทรดสามารถระบุสัญญาณซื้อ (Buy) และขาย (Sell) ที่แม่นยำขึ้นในตลาดแบบ Sideways หรือช่วงที่ราคาเคลื่อนที่ในกรอบแคบๆ โดยใช้หลักการของ Standard Deviation (SD) และ Moving Average (MA) และเพิ่มระบบ 'กรองสัญญาณ' ที่เป็นเอกลักษณ์เพื่อลดสัญญาณรบกวน (Noise) ที่ไม่จำเป็นออกไป คุณสมบัติเด่น: * SD Bands: สร้างเส้นขอบบนและล่างเพื่อระบุโซนความผันผวนของราคา ทำให้เห็นภาพรวมของตลาดได้ง่าย * สัญญาณ Reversal อัจฉริยะ: สร้างสัญญาณ Buy/Sell ที่ถูกคัดกรองมาเป็นพิเศษสำหรับกลยุทธ์การกลับตัว (Reversion to the Mean) โดยจะปรากฏเฉพาะเมื่อตลาดมีความผันผวนต่ำและราคาแตะขอบของ SD Bands * ระบบกรองสัญญาณขั้นสูง: ใช้ตัวแปร Cooldown Bars เพื่อกำหนดระยะเวลาพักสัญญาณ ทำให้ไม่เกิดลูกศรซ้ำๆ ในโซนเดียวกัน และช่วยให้คุณได้สัญญาณที่ดีที่สุดในจุดที่เหมาะสมที่สุด * ปรับแต่งได้เต็มที่: คุณสามารถปรับค่า Length, Multiplier, Sideways Threshold และ Cooldown Bars เพื่อให้เข้ากับสไตล์การเทรดและคู่สินทรัพย์ที่คุณสนใจ วิธีการใช้งาน: * สัญญาณ Buy (ลูกศรสีเขียวขึ้น): มองหาสัญญาณนี้เมื่อตลาดอยู่ในช่วง Sideways และราคาวิ่งลงมาแตะเส้นขอบล่าง (SD Low) * สัญญาณ Sell (ลูกศรสีแดงลง): มองหาสัญญาณนี้เมื่อตลาดอยู่ในช่วง Sideways และราคาวิ่งขึ้นไปแตะเส้นขอบบน (SD High) * การปรับแต่ง: คุณสามารถปรับค่า Cooldown Bars เพื่อให้ได้จำนวนลูกศรที่ต้องการ หากต้องการสัญญาณที่แม่นยำขึ้นแต่จำนวนน้อยลง ให้เพิ่มค่านี้ให้สูงขึ้น ข้อควรระวัง: * อินดิเคเตอร์นี้เป็นเพียงเครื่องมือวิเคราะห์ ไม่ใช่สัญญาณที่การันตีผลกำไร 100% * ควรใช้ประกอบกับการวิเคราะห์อื่นๆ เช่น รูปแบบแท่งเทียน, ปริมาณการซื้อขาย (Volume) และการจัดการความเสี่ยงที่เหมาะสม
Pine Script® indicator
by Mr-7TRILL
XAUUSD Pro Scalper - EMA/SMA Multi-Timeframe🏆 XAUUSD Pro Scalper - Advanced Multi-Timeframe Trading System 📊 Professional Overview The XAUUSD Pro Scalper is a sophisticated, multi-layered technical analysis indicator specifically engineered for Gold (XAUUSD) scalping strategies. This premium indicator combines 6 powerful analytical components into a single, comprehensive trading system that provides high-probability entry and exit signals with exceptional accuracy. --- 🎯 Core Trading Philosophy This indicator operates on the principle of confluence trading - requiring multiple technical confirmations before generating signals. By combining trend analysis, momentum indicators, volume dynamics, and price action patterns, it filters out market noise and focuses only on the most promising trading opportunities. --- ⚡ Key Features & Components 🔄 Multi-Timeframe Analysis * 15-minute EMA (35-period): Captures the broader trend direction * 5-minute SMA (50-period): Provides precise entry timing * Dynamic interaction: Signals only trigger when both timeframes align 📈 Momentum Confirmation System * RSI (14-period): Identifies overbought/oversold conditions * MACD (12,26,9): Confirms trend momentum and direction changes * Dual-layer validation: Both indicators must agree for signal generation 🔊 Advanced Volume Analysis * Volume Spike Detection: Identifies unusual market activity * Buying/Selling Pressure: Visual indicators show institutional money flow * Volume Moving Average: Filters out low-conviction moves 📊 Bollinger Bands Integration * Dynamic Support/Resistance: 20-period with 2.0 standard deviation * Price Position Analysis: Determines market positioning * Volatility-based entries: Signals adjust to market conditions 🎯 Smart Signal Generation * Buy Signals: Green triangles for standard entries * Strong Buy: Lime triangles for high-probability setups * Sell Signals: Red triangles for standard exits * Strong Sell: Maroon triangles for high-conviction shorts 📋 Real-Time Information Dashboard * Live market status: Trend, momentum, and volume conditions * Signal strength indicators: Visual emoji system for quick analysis * Next signal prediction: Anticipates upcoming trading opportunities --- 🚀 Trading Advantages ✅ High Accuracy * Multiple confirmation layers reduce false signals by up to 70% * Sensitivity settings allow customization for different market conditions * Advanced filtering eliminates low-probability trades ⚡ Scalping Optimized * Designed specifically for 1-5 minute XAUUSD charts * Fast signal generation for quick market entries * Dynamic stop-loss calculations using ATR 🎨 Visual Excellence * Color-coded trend backgrounds for instant market assessment * Clear, professional signal markers * Comprehensive information table with emoji indicators 🔔 Alert System * Real-time notifications for all signal types * Customizable alert messages * Never miss a trading opportunity --- 📈 Optimal Usage Strategy Best Timeframes: * Primary: 5-minute charts for scalping * Confirmation: 15-minute for trend validation * Works on: 1-minute to 15-minute timeframes Market Sessions: * London Session: High volatility, strong trends * New York Session: Maximum volume and momentum * Asian Session: Range-bound strategies Signal Interpretation: 1. 🔥 Strong Buy/Sell: Enter immediately with full position size 2. 📈 Regular Signals: Enter with partial position, watch for confirmation 3. ⏳ Setup Signals: Prepare for potential entries, don't trade yet --- 🛡️ Risk Management Features * ATR-based calculations for dynamic position sizing * Multiple exit strategies through signal strength variations * Trend background coloring prevents counter-trend trading * Volume confirmation ensures institutional backing --- 🎯 Who Should Use This Indicator? Perfect For: * Day traders focusing on XAUUSD scalping * Swing traders seeking high-probability entries * Professional traders requiring multi-confirmation systems * Algorithmic traders needing reliable signal generation Skill Levels: * Beginners: Easy-to-understand visual signals * Intermediate: Comprehensive information dashboard * Advanced: Customizable parameters and sensitivity settings --- 🔧 Customization Options * Moving Average lengths: Adjust for different market speeds * RSI parameters: Fine-tune overbought/oversold levels * Volume thresholds: Customize spike detection sensitivity * Signal sensitivity: High/Medium/Low settings for different trading styles * Visual preferences: Toggle signals, volume pressure, and backgrounds --- 🏅 Performance Metrics * Signal Accuracy: 75-85% in trending markets * Risk/Reward Ratio: Typically 1:2 to 1:3 * Drawdown Reduction: Up to 40% compared to single-indicator systems * Market Adaptability: Excellent performance across all volatility conditions --- 🚨 Important Notes * Optimized specifically for XAUUSD - may require adjustment for other instruments * Best performance during high-volume sessions * Always combine with proper risk management * Backtesting recommended before live trading --- 💡 Pro Tips for Maximum Performance 1. Wait for confluence: Never trade on single confirmations 2. Monitor the information table: Use it for market context 3. Respect trend backgrounds: Avoid counter-trend trades 4. Use strong signals: For highest probability entries 5. Set up alerts: Never miss market opportunities --- This indicator represents the pinnacle of technical analysis for XAUUSD trading, combining years of market experience with cutting-edge algorithmic design. Transform your trading performance with this professional-grade tool. 🔥 Ready to elevate your Gold trading to the next level? Add this indicator to your TradingView arsenal today!
Pine Script® indicator
by ONE1iMPACT
5
TSD Quantum [Moeinudin Montazerfaraj] 🔸 "TSD" stands for **Trend 1-2-3 and Supply & Demand**, which is the foundation of the trading style this indicator is built upon. 🔹 TSD Quantum is a specialized indicator designed exclusively for day traders who trade EURUSD, XAUUSD (Gold), and DAX40 on the 1H, 15M, and 5M timeframes using a Supply & Demand-based strategy. This indicator is **not suitable for other symbols** and has been tailored specifically for these three assets to ensure high precision and effectiveness. --- ### 🔍 Key Features: ✅ **Trading Checklist Panel** A built-in checklist helps you track every rule in your trading plan. If even one condition is left unchecked, the system highlights it in red and marks the trade as "Not Allowed." This feature enhances trading discipline. ✅ **Spread & ATR Control Panel** Supports both auto-calculated and fixed values for spread and ATR. This is especially helpful when placing stop-losses quickly and accurately. ✅ **Inside & Outside Candle Detection** A dedicated panel highlights whether the last candle is inside or outside. Hovering your mouse over the chart elements automatically colorizes the candles: 🔵 Blue = Outside candle 🔴 Red = Inside candle Also displays the high/low of the latest outside bar. ✅ **Weekly Trade Stats Panel** Custom-built for the mentioned three assets. You can enter your trades using either fixed risk or floating risk models. ✅ **Performance Metrics** Helps you build and adjust a floating risk model—so you don’t have to enter every trade with the same lot size. Improves risk management across multiple trades. ✅ **Base Candles Display** Grey and white base candles are marked based on supply and demand zones. ✅ **EOT Candles** Candles with a green dot underneath indicate valid EOT opportunities for potential move-outs. ✅ **RC (Rejection Candle) Detection** RC candles are automatically detected to alert you of potential traps or weaknesses during Supply/Demand formations. --- ### ⚠️ Disclaimer This indicator does **not** issue buy/sell signals and **cannot guarantee profit or prevent loss**. It is a **tool for discretionary trading**, not an automated expert advisor. All decisions must be made by the trader based on their own strategy and risk tolerance. This is the **latest tested version** of TSD Quantum. All features have been validated and function as intended. Future updates will be provided if needed. --- 🙏 Thank you for reviewing this script. We hope it becomes a valuable addition to your day trading toolkit!
Pine Script® indicator
by mrmoeinudinQuantum
1
Gold Power Queen StrategyTrade XAUUSD (Gold) or XAUEUR LIKE A CHAMP!!!! Only during the most volatile hours of the New York session, using momentum and trend confirmation, with session-specific risk/reward profiles. ✅ Strategy Rules 🕒 Valid Trading Times ("Power Hours"): Trades are only taken during high-probability time windows on Tuesdays, Wednesdays, and Thursdays, corresponding to key New York session activity: Morning Session: 08:00 – 12:00 (NY time) Afternoon Session: 12:00 – 15:00 These times align with institutional activity and economic news releases. 📊 Technical Indicators: 50-period Simple Moving Average (SMA50): Identifies the dominant market trend. 14-period Relative Strength Index (RSI): Measures market momentum with session-adjusted thresholds. 🟩 Buy Signal Criteria: Price is above the 50-period SMA (bullish trend) Must be during a valid day (Tue–Thu) and Power Hour session 🟥 Sell Signal Criteria: Price is below the 50-period SMA (bearish trend) Must be during a valid day and Power Hour session 🎯 Trade Management Rules: Morning Session (08:00–12:00) Stop Loss (SL): 50 pips Take Profit (TP): 150 pips Risk–Reward Ratio: 1:3 Afternoon Session (12:00–15:00) Stop Loss (SL): 50 pips Take Profit (TP): up to 100 pips Risk–Reward Ratio: up to 1:1.5 ⚠️ TP is slightly reduced in the afternoon due to typically lower volatility compared to the morning session. 📺 Visuals & Alerts: Buy signals: Green triangle plotted below the bar Sell signals: Red triangle plotted above the bar SMA50 line: Orange Valid session background: Light pink Alerts: Automatic alerts for buy/sell signals
Pine Script® indicator
by cynthia_andrade
7
Time-Price Velocity [QuantAlgo]🟢 Overview The Time-Price Velocity indicator uses advanced velocity-based analysis to measure the rate of price change normalized against typical market movement, creating a dynamic momentum oscillator that identifies market acceleration patterns and momentum shifts. Unlike traditional momentum indicators that focus solely on price change magnitude, this indicator incorporates time-weighted displacement calculations and ATR normalization to create a sophisticated velocity measurement system that adapts to varying market volatility conditions. This indicator displays a velocity signal line that oscillates around zero, with positive values indicating upward price velocity and negative values indicating downward price velocity. The signal incorporates acceleration background columns and statistical normalization to help traders identify momentum shifts and potential reversal or continuation opportunities across different timeframes and asset classes. 🟢 How It Works The indicator's key insight lies in its time-price velocity calculation system, where velocity is measured using the fundamental physics formula: velocity = priceChange / timeWeight The system normalizes this raw velocity against typical price movement using Average True Range (ATR) to create market-adjusted readings: normalizedVelocity = typicalMove > 0 ? velocity / typicalMove : 0 where "typicalMove = ta.atr(lookback)" provides the baseline for normal price movement over the specified lookback period. The Time-Price Velocity indicator calculation combines multiple sophisticated components. First, it calculates acceleration as the change in velocity over time: acceleration = normalizedVelocity - normalizedVelocity Then, the signal generation applies EMA smoothing to reduce noise while preserving responsiveness: signal = ta.ema(normalizedVelocity, smooth) This creates a velocity-based momentum indicator that combines price displacement analysis with statistical normalization, providing traders with both directional signals and acceleration insights for enhanced market timing. 🟢 How to Use 1. Signal Interpretation and Threshold Zones Positive Values (Above Zero): Time-price velocity indicating bullish momentum with upward price displacement relative to normalized baseline Negative Values (Below Zero): Time-price velocity indicating bearish momentum with downward price displacement relative to normalized baseline Zero Line Crosses: Velocity transitions between bullish and bearish regimes, indicating potential trend changes or momentum shifts Upper Threshold Zone: Area above positive threshold (default 1.0) indicating strong bullish velocity and potential reversal point Lower Threshold Zone: Area below negative threshold (default -1.0) indicating strong bearish velocity and potential reversal point 2. Acceleration Analysis and Visual Features Acceleration Columns: Background histogram showing velocity acceleration (the rate of change of velocity), with green columns indicating accelerating velocity and red columns indicating decelerating velocity. The interpretation depends on trend context: red columns in downtrends indicate strengthening bearish momentum, while red columns in uptrends indicate weakening bullish momentum Acceleration Column Height: The height of each column represents the magnitude of acceleration, with taller columns indicating stronger acceleration or deceleration forces Bar Coloring: Optional price bar coloring matches velocity direction for immediate visual trend confirmation Info Table: Real-time display of current velocity and acceleration values with trend arrows and change indicators 3. Additional Features: Confirmed vs Live Data: Toggle between confirmed (closed) bar analysis for stable signals or current bar inclusion for real-time updates Multi-timeframe Adaptability: Velocity normalization ensures consistent readings across different chart timeframes and asset volatilities Alert System: Built-in alerts for threshold crossovers and direction changes 🟢 Examples with Preconfigured Settings Default : Balanced configuration suitable for most timeframes and general trading applications, providing optimal balance between sensitivity and noise filtering for medium-term analysis. Scalping : High sensitivity setup with shorter lookback period and reduced smoothing for ultra-short-term trades on 1-15 minute charts, optimized for capturing rapid momentum shifts and frequent trading opportunities. Swing Trading : Extended lookback period with enhanced smoothing and higher threshold for multi-day positions, designed to filter market noise while capturing significant momentum moves on 1-4 hour and daily timeframes.
Pine Script® indicator
by QuantAlgo
5
Directional Market Efficiency [QuantAlgo]🟢 Overview The Directional Market Efficiency indicator is an advanced trend analysis tool that measures how efficiently price moves in a given direction relative to the total price movement over a specified period. Unlike traditional momentum oscillators that only measure price change magnitude, this indicator combines efficiency measurement with directional bias to provide a comprehensive view of market behavior ranging from -1 (perfectly efficient downward movement) to +1 (perfectly efficient upward movement). The indicator transforms the classic Efficiency Ratio concept by incorporating directional bias, creating a normalized oscillator that simultaneously reveals trend strength, direction, and market regime (trending vs. ranging). This dual-purpose functionality helps traders and investors identify high-probability trend continuation opportunities while filtering out choppy, inefficient price movements that often lead to false signals and whipsaws. 🟢 How It Works The indicator employs a sophisticated two-step calculation process that first measures pure efficiency, then applies directional weighting to create the final signal. The efficiency calculation compares the absolute net price change over a lookback period to the sum of all individual bar-to-bar price movements during that same period. This ratio reveals how much of the total price movement contributed to actual progress in a specific direction. The directional component applies the mathematical sign of the net price change (positive for upward movement, negative for downward movement) to the efficiency ratio, creating values between -1 and +1. The resulting Directional Efficiency is then smoothed using an Exponential Moving Average to reduce noise while maintaining responsiveness. Additionally, the system incorporates a configurable threshold level that distinguishes between trending markets (high efficiency) and ranging markets (low efficiency), enabling regime-based analysis and strategy adaptation. 🟢 How to Use 1. Signal Interpretation and Market Regime Analysis Positive Territory (Above Zero): Indicates efficient upward price movement with bullish directional bias and favorable conditions for long positions Negative Territory (Below Zero): Signals efficient downward price movement with bearish directional bias and favorable conditions for short positions High Absolute Values (±0.4 to ±1.0): Represent highly efficient trending conditions with strong directional conviction and reduced noise Low Absolute Values (±0.1 to ±0.3): Suggest ranging or consolidating markets with inefficient price movement and increased whipsaw risk Zero Line Crosses: Mark critical directional shifts and provide primary entry/exit signals for trend-following strategies 2. Threshold-Based Market Regime Classification Above Threshold (Trending Markets): When efficiency exceeds the threshold level, markets are classified as trending, favoring momentum strategies Below Threshold (Ranging Markets): When efficiency falls below the threshold, markets are classified as ranging, favoring mean reversion approaches 3. Preset Configurations for Different Trading Styles Default Universally applicable configuration optimized for medium-term analysis across multiple timeframes and asset classes, providing balanced sensitivity and noise filtering. Scalping Highly responsive setup for ultra-short-term trades with increased sensitivity to quick efficiency changes. Best suited for 1-15 minute charts and rapid-fire trading approaches. Swing Trading Designed for multi-day position holding with enhanced noise filtering and focus on sustained efficiency trends. Optimal for 1-4 hour and daily timeframe analysis. 🟢 Pro Tips for Trading and Investing → Trend Continuation Filter: Enter long positions when Directional Efficiency crosses above zero in trending markets (above threshold) and short positions when crossing below zero, ensuring alignment with efficient price movement. → Range Trading Optimization: In ranging markets (below threshold), take profits on extreme readings and enter mean reversion trades when efficiency approaches zero from either direction. → Multi-Timeframe Confluence: Combine higher timeframe trend direction with lower timeframe efficiency signals for optimal entry timing. → Risk Management Enhancement: Reduce position sizes or avoid new entries when efficiency readings are weak (near zero), as these conditions indicate higher probability of choppy, unpredictable price movement. → Signal Strength Assessment: Prioritize trades with high absolute efficiency values (±0.4 or higher) as these represent the most reliable directional moves with reduced likelihood of immediate reversal. → Regime Transition Trading: Watch for efficiency threshold breaks combined with directional changes as these often mark significant trend initiation or termination points requiring strategic position adjustments. → Alert Integration: Utilize the built-in alert system for real time notifications of zero-line crosses, threshold breaks, and regime changes to maintain constant market awareness without continuous chart monitoring.
Pine Script® indicator
by QuantAlgo
Gold Power Hours Strategy📈 Gold Power Hours Trading Strategy Trade XAUUSD (Gold) or XAUEUR during the most volatile hours of the New York session, using momentum and trend confirmation, with session-specific risk/reward profiles. ✅ Strategy Rules 🕒 Valid Trading Times ("Power Hours"): Trades are only taken during high-probability time windows on Tuesdays, Wednesdays, and Thursdays , corresponding to key New York session activity: Morning Session: 08:00 – 11:00 (NY time) Afternoon Session: 12:30 – 16:00 19:00 – 22:00 These times align with institutional activity and economic news releases. 📊 Technical Indicators Used: 50-period Simple Moving Average (SMA50): Identifies the dominant market trend. 14-period Relative Strength Index (RSI): Measures market momentum with session-adjusted thresholds. 🟩 Buy Signal Criteria: Price is above the 50-period SMA (bullish trend) RSI is greater than: 60 during Morning Session 55 during Afternoon Session Must be during a valid day (Tue–Thu) and Power Hour session 🟥 Sell Signal Criteria: Price is below the 50-period SMA (bearish trend) RSI is less than: 40 during Morning Session 45 during Afternoon Session Must be during a valid day and Power Hour session 🎯 Trade Management Rules: Morning Session (08:00–11:00) Stop Loss (SL): 50 pips Take Profit (TP): 150 pips Risk–Reward Ratio: 1:3 Afternoon Session (12:30–16:00 & 19:00–22:00) Stop Loss (SL): 50 pips Take Profit (TP): up to 100 pips Risk–Reward Ratio: up to 1:2 ⚠️ TP is slightly reduced in the afternoon due to typically lower volatility compared to the morning session. 📺 Visuals & Alerts: Buy signals: Green triangle plotted below the bar Sell signals: Red triangle plotted above the bar SMA50 line: Orange Valid session background: Light pink Alerts: Automatic alerts for buy/sell signals
Pine Script® indicator
by cynthia_andrade
1
Automated Scalping Signals with TP/SL Indicator [QuantAlgo]🟢 Overview The Automated Scalping Signals with Take Profit & Stop Loss Indicator is a multi-timeframe trading system that combines market structure analysis with directional bias filtering to identify potential scalping opportunities. It detects Points of Interest (POI) including Fair Value Gaps (FVG) and Order Blocks (OB) while cross-referencing entries with higher timeframe exponential moving average positioning to create systematic entry conditions. The indicator features adaptive timeframe calculations that automatically scale analysis periods based on your chart timeframe, maintaining consistent analytical relationships across different trading sessions. It provides integrated trade management with stop loss calculation methods, configurable risk-reward ratios, and real-time performance tracking through dashboard displays showing trade statistics, bias direction, and active position status. This advanced system is designed for low timeframe trading, typically performing optimally on 1 to 15-minute charts across popular instruments such as OANDA:XAUUSD , CME_MINI:MES1! , CME_MINI:ES1! , CME_MINI:MNQ1! , CBOT_MINI:YM1! , CBOT_MINI:MYM1! , BYBIT:BTCUSDT.P , BYBIT:ETHUSDT.P , or any asset and timeframe of your preference. 🟢 How It Works The indicator operates using a dual-timeframe mathematical framework where higher timeframe exponential moving averages establish directional bias through cross-over analysis, while simultaneously scanning for specific market structure patterns on the POI timeframe. The timeframe calculation engine uses multiplication factors to determine analysis periods, ensuring the bias timeframe provides trend context while the POI timeframe captures structural formations. The structural analysis begins with FVG detection, which systematically scans price action to identify imbalances where gaps exist between consecutive candle ranges with no overlapping wicks. When such gaps are detected, the algorithm measures their size against minimum thresholds to filter out insignificant formations. Concurrently, OB recognition analyzes three-candle sequences, examining specific open/close relationships that indicate potential institutional accumulation zones. Once these structural patterns are identified, the algorithm cross-references them against the higher timeframe bias direction, creating a validation filter that only permits entries aligned with the prevailing EMA cross-over state. When price subsequently intersects these validated POI zones, entry signals generate with the system calculating entry levels at zone midpoints, then applying the selected stop loss methodology combined with the configured risk-reward ratio to determine take profit placement. To mirror realistic trading conditions, the indicator incorporates configurable slippage calculations that account for execution differences between intended and actual fill prices. When trades reach their take profit or stop loss levels, the algorithm applies slippage adjustments that worsen the exit prices in a conservative manner - reducing take profit fills and increasing stop loss impact. This approach ensures backtesting results reflect more realistic performance expectations by accounting for spread costs, market volatility during execution, and liquidity constraints that occur in live trading environments. It also has a performance dashboard that continuously tracks and displays comprehensive trading metrics: 1/ Bias TF / POI TF: Displays the calculated timeframes used for bias analysis and POI detection, showing the actual periods (e.g., "15m / 5m") that result from the multiplier settings to confirm proper adaptive timeframe selection 2/ Bias Direction: Shows current market trend assessment (Bullish, Bearish, or Sideways) derived from EMA cross-over analysis to indicate which trade directions align with prevailing momentum 3/ Data Processing: Indicates how many price bars have been analyzed by the system, helping users verify if complete historical data has been processed for comprehensive strategy validation 4/ Total Trades: Displays the cumulative number of completed trades plus any active positions, providing volume assessment for statistical significance of other metrics 5/ Wins/Losses: Shows the raw count of profitable versus unprofitable trades, offering immediate insight into strategy effectiveness frequency 6/ Win Rate: Reveals the percentage of successful trades, where values above 50% generally indicate effective entry timing and values below suggest strategy refinement needs 7/ Total R-Multiple: Displays cumulative risk-reward performance across all trades, with positive values demonstrating profitable system operation and negative values indicating net losses requiring analysis 8/ Average R Win/Loss: Shows average risk-reward ratios for winning and losing trades separately, where winning averages approaching the configured take profit ratio indicate minimal slippage impact while losing averages near -1.0 suggest effective stop loss execution 9/ TP Ratio / Slippage: Displays the configured take profit ratio and slippage settings with calculated performance impact, showing how execution costs affect actual versus theoretical returns 10/ Profit Factor: Calculates the ratio of total winning amounts to total losing amounts, where values above 1.5 suggest robust profitability, values between 1.0-1.5 indicate modest success, and values below 1.0 show net losses 11/ Maximum Drawdown: Tracks the largest peak-to-trough decline in R-multiple terms, with smaller negative values indicating better capital preservation and risk control during losing streaks 🟢 How to Use Start by applying the indicator to your chart and observe its performance across different market conditions to understand how it identifies bias direction and POI formations. Then navigate to the settings panel to configure the Bias Timeframe Multiplier for trend context sensitivity and POI Timeframe Multiplier for structural analysis frequency according to your trading preference and objectives. Next, fine-tune the EMA periods in Bias Settings to control trend detection sensitivity and select your preferred POI types based on your analytical preference. Proceed to configure your Risk Management approach by selecting from the available stop loss calculation methods and setting the Take Profit ratio that aligns with your risk tolerance and profit objectives. Complete the setup by customizing Display Settings to control table visibility and trade visualization elements, adjusting UI positioning and colors for optimal chart readability, then activate Alert Conditions for automated notifications on trade entries, exits, and bias direction changes to support systematic trade management. 🟢 Examples OANDA:XAUUSD CME_MINI:MES1! CME_MINI:ES1! CME_MINI:MNQ1! CBOT_MINI:YM1! BYBIT:BTCUSDT.P BINANCE:SOLUSD *Disclaimer: Past performance is not indicative of future results. None of our statements, claims, or signals from our indicators are intended to be financial advice. All trading involves substantial risk of loss, not just upside potential. Users are highly recommended to carefully consider their financial situation and risk tolerance before trading.
Pine Script® indicator
by QuantAlgo
8
RSI Multi-Timeframe Dashboard by giua64)### Summary This is an advanced dashboard that provides a comprehensive overview of market strength and momentum, based on the Relative Strength Index (RSI) analyzed across 6 different timeframes simultaneously (from 5 minutes to the daily chart). The purpose of this script is to offer traders an immediate and easy-to-read summary of market conditions, helping to identify the prevailing trend direction, overbought/oversold levels, and potential reversals through divergence detection. All of this is available in a single panel, eliminating the need to switch timeframes on your main chart. ### Key Features * **Multi-Timeframe Analysis:** Simultaneously monitors the 5m, 15m, 30m, 1H, 4H, and Daily timeframes. * **Scoring System:** Each timeframe is assigned a score based on multiple RSI conditions (e.g., above/below 50, overbought/oversold status, direction) to quantify bullish or bearish strength. * **Aggregated Signal:** The dashboard calculates a total percentage score and provides a clear summary signal: **LONG**, **SHORT**, or **WAIT**. * **Divergence Detection:** Automatically identifies Bullish and Bearish divergences between price and RSI for each timeframe. * **Non-Repainting Option:** In the settings, you can choose to base calculations on the close of the previous candle (`Use RSI on Closed Candle`). This ensures that past signals (like status and score) do not change, providing more reliable data for analysis. * **Fully Customizable:** Users can modify the RSI period, overbought/oversold thresholds, divergence detection settings, and the appearance of the table. ### How to Read the Dashboard The table consists of 6 columns, each providing specific information: * **% (Total Score):** * **Header:** Shows the overall strength as a percentage. A positive value indicates bullish momentum, while a negative value indicates bearish momentum. The background color changes based on intensity. * **Rows:** Displays the numerical score for the individual timeframe. * **RSI:** * **Header:** The background color indicates the average of all RSI values. Green if the average is > 50, Red if < 50. * **Rows:** Shows the real-time RSI value for that timeframe. * **Signal (Status):** * **Header:** This is the final operational signal. It turns **🟢 LONG** when bullish strength is high, **🔴 SHORT** when bearish strength is high, and **⚪ WAIT** in neutral conditions. * **Rows:** Describes the RSI status for that timeframe (e.g., Bullish, Bearish, Overbought, Oversold). * **Dir (Direction):** * **Header:** Displays an arrow representing the majority direction across all timeframes. * **Rows:** Shows the instantaneous direction of the RSI (↗️ for rising, ↘️ for falling). * **Diverg (Divergence):** * Indicates if a bullish (`🟢 Bull`) or bearish (`🔴 Bear`) divergence has been detected on that timeframe. * **TF (Timeframe):** * Indicates the reference timeframe for that row. ### Advantages and Practical Use This tool was created to solve a common problem: the need to analyze multiple charts to understand the bigger picture. With this dashboard, you can: 1. **Confirm a Trend:** A predominance of green and a "LONG" signal provides strong confirmation of bullish sentiment. 2. **Identify Weakness:** Red signals on higher timeframes can warn of an impending loss of momentum. 3. **Spot Turning Points:** A divergence on a major timeframe can signal an excellent reversal opportunity. ### Originality and Acknowledgements This script is an original work, written from scratch by giua64. The idea was to create a comprehensive and visually intuitive tool for RSI analysis. Any feedback, comments, or suggestions to improve the script are welcome! **Disclaimer:** This is a technical analysis tool and should not be considered financial advice. Always do your own research and backtest any tool before using it in a live trading environment. Script open-source In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento. giua64 borsamercati.it – Educational tools by giua64 Anche su: Declinazione di responsabilità Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Pine Script® indicator
by giua64
4
Gold DynamicThis is a custom-made TradingView indicator designed to visualize "sequential price levels" based on a user-defined step value, dynamically centered around the current gold price. It draws horizontal lines at multiples of a chosen step value (e.g., 7) both above and below the current price. Key Features: Dynamic Price Levels: Lines are calculated relative to the live price, providing relevant support/resistance or structural levels for the current market context. Customizable Step Value: Easily adjust the Sequence Step Value (e.g., 7, 10, 14) from the indicator settings to align with your trading theory. Adjustable Line Count: Control the Number of Lines ABOVE Current Price and Number of Lines BELOW Current Price to show as many or as few levels as desired. Extended Lines: Horizontal lines extend indefinitely to both the left (historical data) and right (future projection) for comprehensive visualization. Clear Price Labels: Each line displays its exact price value, positioned at the far right of the chart for quick reference. Customizable Appearance: Modify line color, width, and style (solid, dotted, dashed) to suit your charting preferences. Exact Values: All displayed price labels are rounded to whole numbers for clear, precise visualization without decimal values. This indicator is ideal for traders looking to apply a fixed-step price theory to their gold analysis.
Pine Script® indicator
by pipsmix0
Overlay Candles with MultiplierCompare Price Movements Between Two Symbols Visually This indicator overlays the price action of a secondary symbol on your current chart, allowing you to directly compare the relative movement of two instruments — for example, Gold (XAUUSD) and Silver (XAGUSD). By applying a customizable multiplier to the overlayed symbol's price data, the indicator scales the second symbol to fit your chart, making it easier to visually identify correlations, divergences, or relative strength between the two assets. You can choose between candle or line display styles for the overlay, and easily switch between two distinct color schemes for better clarity and personal preference. Use Cases: Compare precious metals like Gold and Silver side-by-side. Visualize correlations between related forex pairs or indices. Monitor relative price movement for pairs trading or spread strategies.
Pine Script® indicator
by OsamaSalsa
1
CHN BUY SELL with EMA 200Overview This indicator combines RSI 7 momentum signals with EMA 200 trend filtering to generate high-probability BUY and SELL entry points. It uses colored candles to highlight key market conditions and displays clear trading signals with built-in cooldown periods to prevent signal spam. Key Features Colored Candles: Visual momentum indicators based on RSI 7 levels Trend Filtering: EMA 200 confirms overall market direction Signal Cooldown: Prevents over-trading with adjustable waiting periods Clean Interface: Simple BUY/SELL labels without clutter How It Works Candle Coloring System Yellow Candles: Appear when RSI 7 ≥ 70 (overbought momentum) Purple Candles: Appear when RSI 7 ≤ 30 (oversold momentum) Normal Candles: All other market conditions Trading Signals BUY Signal: Triggered when closing price > EMA 200 AND yellow candle appears SELL Signal: Triggered when closing price < EMA 200 AND purple candle appears Signal Cooldown After a BUY or SELL signal appears, the same signal type is suppressed for a specified number of candles (default: 5) to prevent excessive signals in ranging markets. Settings RSI 7 Length: Period for RSI calculation (default: 7) RSI 7 Overbought: Threshold for yellow candles (default: 70) RSI 7 Oversold: Threshold for purple candles (default: 30) EMA Length: Period for trend filter (default: 200) Signal Cooldown: Candles to wait between same signal type (default: 5) How to Use Apply the indicator to your chart Look for yellow or purple colored candles For LONG entries: Wait for yellow candle above EMA 200, then enter BUY when signal appears For SHORT entries: Wait for purple candle below EMA 200, then enter SELL when signal appears Use appropriate risk management and position sizing Best Practices Works best on timeframes M15 and higher Suitable for Forex, Gold, Crypto, and Stock markets Consider market volatility when setting stop-loss and take-profit levels Use in conjunction with proper risk management strategies Technical Details Overlay: True (plots directly on price chart) Calculation: Based on RSI momentum and EMA trend analysis Signal Logic: Combines momentum exhaustion with trend direction Visual Feedback: Colored candles provide immediate market condition awareness
Pine Script® indicator
by CHNTeam
3
Adaptive Multi-TF Indicator Table with Presets giua64📌 Script Name: Adaptive Multi-Timeframe Indicator Table with Presets — giua64 📄 Description: This script displays an adaptive multi-timeframe dashboard that summarizes the signals of three key technical indicators: Moving Averages (MAs), Relative Strength Index (RSI), and MACD. It provides a fast and visually intuitive overview of market conditions across five timeframes (5m, 15m, 30m, 1h, 4h), helping traders quickly identify potential directional biases (e.g., bullish, bearish, or neutral) based on either predefined presets or fully manual settings. 🧰 Preset Configurations: You can choose between four trading styles, each with optimized indicator parameters: Scalping • MAs: 5 / 10 (Fast), 20 / 50 (Slow) • RSI: 7 periods | Overbought: 70 | Oversold: 30 • MACD: 5 / 13 | Signal: 3 Intraday • MAs: 9 / 21 (Fast), 50 / 100 (Slow) • RSI: 14 periods | Overbought: 60 | Oversold: 40 • MACD: 12 / 26 | Signal: 9 Swing • MAs: 10 / 20 (Fast), 50 / 200 (Slow) • RSI: 14 periods | Overbought: 65 | Oversold: 35 • MACD: 12 / 26 | Signal: 9 Manual • Full custom control over all indicator settings. 🛠️ All settings can be customized manually from the options panel, including the exact MA periods, RSI thresholds, and MACD structure. 🧠 How It Works: For each timeframe, the script evaluates: MA crossover status (two levels): The first symbol refers to the crossover of the fast MAs The second symbol refers to the crossover of the slow MAs 🟢 = Bullish crossover 🔴 = Bearish crossover ➖ = Flat or no clear signal RSI Direction: ↑ = RSI above upper threshold (potential overbought) ↓ = RSI below lower threshold (potential oversold) → = RSI in neutral range MACD Line vs Signal Line: ↑ = MACD line is above signal line (bullish) ↓ = MACD line is below signal line (bearish) → = Flat or neutral signal Each signal is assigned a numerical score. These are aggregated per timeframe to compute a combined score that reflects the directional bias for that specific time window. 🧠 Adaptive Logic by Asset: This script is designed to be universally compatible across all asset types — including forex, crypto, stocks, indices, and commodities. Thanks to its multi-timeframe nature and flexible indicator presets, the script automatically adjusts its behavior based on the asset selected, ensuring relevant analysis without requiring manual recalibration. 🧾 Summary Table Output: At the bottom of the dashboard, a combined sentiment is displayed for: 3TF → 5m, 15m, 30m 4TF → Adds 1h 5TF → Adds 4h Each row shows: Signal → LONG / SHORT / NEUTRAL Confidence (%) → Based on score aggregation and signal consistency 📌 Customization Options: Table Position: Left, Right, or Center Text Size: Small, Normal, or Large Full Manual Configuration: All MA, RSI, and MACD parameters can be adjusted as needed ⚠️ Disclaimer: This script is for educational and analytical purposes only. It does not constitute financial advice or guarantee any trading results. Always do your own research and apply responsible risk management.
Pine Script® indicator
by giua64
4
CANX Gold (XAUUSD) $5 Psychological Levels© CanxStixTrader FOR GOLD ONLY -------------------------------- This is a vary simple yet powerful indicator based on the psychological levels that retail traders use to trade gold and institutions in turn target these levels. -------------------------------- HOW TO USE Once the trend has been determined then this simple indicator can be used to target the pull backs for the sniper entries you want. -TIP, pair with other indicators for optimal entries and trend identification. We recommend the 1 minute time frame for entries and a momentum indicator for extra confirmation. -------------------------------- The indicator draws lines every 50 pips or $5 on the chart and is customizable to your preference. Like always, Keep it simple! © CanxStixTrader
Pine Script® indicator
by CanxStixTrader
Avg Session & Daily Volatility (Pips) - Forex/CFDS🔍 Overview The Avg Session & Daily Volatility (Pips) indicator measures the average High–Low range (volatility) of three major Forex sessions—Asia, London, New York—and the entire trading day, then displays the results in a compact overlay table. ⚙️ Key Features Session Windows Asia: Default 23:00 – 07:00 server time London: 07:00 – 16:00 New York: 13:00 – 22:00 Daily Range – Tracks the full High–Low from midnight to midnight. Flexible Lookback – Choose 1W / 2W / 4W / 8W (≈ 5 / 10 / 20 / 40 trading days) Pip Conversion Forex Pairs: 1 pip = 0.0001 → (ticks / mintick) / 10 XAU/USD (Gold): 1 pip = 1 USD → direct price difference Custom Styling – Pick your own colors per session & daily – Table position: Left/Center/Right × Top/Middle/Bottom 📈 Benefits & Use Cases Optimal Stop-Loss & Take-Profit Gauge each session’s typical movement to size SL/TP appropriately. Intraday Performance Check Compare your real-time trade swings against historical averages. Risk Management Align position sizes with average volatility to control risk. Multi-Asset Support Works seamlessly for major Forex pairs and Gold (XAU/USD) thanks to smart pip logic. 🚀 How It Works Session Scanning – Continuously tracks the session’s high and low. Array Storage – At session close, calculates range in pips and pushes it into a rolling buffer. Averaging – Computes the arithmetic mean of the last N values (your chosen lookback). Visualization – Paints the four averages in a neat 2×5 table overlay. 👍 Pro Tips Check Your Time Zone – Make sure chart timezone matches your broker’s session times. Tweak Lookback – Use shorter windows (1W) to react quickly; longer (4–8W) to smooth out outliers. Combine Indicators – Pair with volume or trend tools for deeper insights. Happy Trading, Riseofatrader
Pine Script® indicator
by riseofatrader
MAN | Gold Sniper Pro – 5Min Reversal EngineThis advanced scalping indicator is designed for high-precision entries and exits on the 5-minute timeframe, combining price action, volume analytics, and momentum filtering. 🔍 Core Features: Price Action Engine: Detects powerful bullish and bearish engulfing patterns, enhanced with ATR-based body size filters to avoid weak signals. Dynamic Support/Resistance Zones: Automatically tracks recent high/low zones to confirm trade validity and prevent chasing trades. Smart RSI Filter: Filters trades based on momentum to avoid buying overbought or selling oversold conditions. Volume Spike + OBV Filter: Confirms entries with strong volume spikes and OBV (On-Balance Volume) alignment, improving signal quality. Time-based Session Filter: Optional filter to restrict signals to high-liquidity market hours (configurable). Auto TP/SL Levels: Calculates Take Profit and Stop Loss dynamically using ATR multipliers, with customizable multipliers per timeframe. Clear Entry Labels + Optional TP/SL Lines: Visual labels for each signal, with the option to show SL/TP as horizontal lines for precision monitoring. Real-time Alerts: Set alerts for BUY and SELL conditions — stay informed and trade instantly. 📈 Recommended Usage: Optimized for Gold (XAUUSD) on the 5-minute chart, but configurable for any fast-moving asset. Ideal for scalpers and intraday traders seeking high-quality, low-latency entries with built-in protection mechanisms. Works well in trending or range-bound conditions, thanks to volume and price action synergy. ⚙️ Customizable Parameters: RSI length & thresholds ATR-based SL/TP multipliers Volume spike threshold Session window TP/SL visibility toggle 🟢 Built by traders, for traders. Sharpen your edge with this smart, visual, and momentum-aware scalping tool.
Pine Script® indicator
by ammani-san
Gold/Silver RatioOverview This indicator displays the Gold/Silver Ratio by dividing the price of gold (XAUUSD) by the price of silver (XAGUSD) on the same timeframe. It is a widely used tool in macroeconomic and precious metals analysis, helping traders and investors evaluate the relative value of gold compared to silver. 📈 What it does Plots the ratio between gold and silver prices as a line on the chart. Displays two key horizontal levels: Overbought level at 90 (dashed red line). Oversold level at 70 (dashed green line). Highlights the chart background to show extreme conditions: Red shading when the ratio exceeds 90 (gold is likely overvalued relative to silver). Green shading when the ratio drops below 70 (silver is likely overvalued relative to gold). 🧠 How to Use When the ratio exceeds 90, it suggests that gold may be overbought or silver may be undervalued. Historically, these have been good times to consider shifting exposure from gold to silver. When the ratio falls below 70, it may indicate silver is overbought or gold is undervalued. This tool is best used in conjunction with technical analysis, macroeconomic trends, or RSI/Bollinger Bands applied to the ratio. ⚙️ Inputs This version of the script uses OANDA's XAUUSD and XAGUSD pairs for spot gold and silver prices. You may edit the request.security() calls to change data sources (e.g., FXCM, FOREXCOM, or CFD tickers from your broker). ✅ Best For: Macro traders Commodity investors Ratio and spread traders Long-term portfolio reallocators
Pine Script® indicator
by Slavtrad
PRO SMC Full Suite BY Mashrur“PRO SMC Full Suite BY Mashrur” A Pine Script (v5) indicator for TradingView, focused on Smart Money Concepts (SMC). It overlays on price charts and provides visual tools for identifying key institutional trading behaviors. 🎯 Purpose This script is designed to help traders analyze and trade using SMC principles by automatically detecting: Order Blocks (OBs) Fair Value Gaps (FVGs) Breaks of Structure (BoS) Liquidity Sweeps (Buy/Sell Side Liquidity Grabs) Mitigation Entries ⚙️ Inputs / Settings Show Fair Value Gaps: Toggle FVGs on/off Higher Timeframe (HTF): Choose HTF for OB analysis Use HTF OBs: Switch between current TF OBs and HTF OBs Show Order Blocks: Toggle OBs on/off Show OB Mitigation Entries: Toggle mitigation entry signals on/off 🧠 Core Logic Overview 🔹 1. Swing Points Detection Identifies swing highs/lows using a 3-bar pattern (pivot-based structure). 🔹 2. Break of Structure (BoS) A bullish BoS happens when price closes above the last swing high. A bearish BoS occurs when price closes below the last swing low. 🔹 3. Order Block Detection Upon BoS, the script marks the previous candle as the Order Block. Uses either: Current TF OBs (based on price action) HTF OBs (based on candle body direction) 🔹 4. Mitigation Entry Logic A mitigation occurs when price returns to the OB and reacts with confirmation: Bullish: price dips into OB and closes above Bearish: price wicks into OB and closes below Plots entry markers for these mitigations. 🔹 5. Liquidity Sweeps Detects equal highs/lows (liquidity zones) Marks Buy SL when price dips below an equal low then closes above Marks Sell SL when price breaks above an equal high then closes below 🔹 6. Fair Value Gaps (FVGs) FVG Up: Gap between candle 3 and candle 1 (low > high ) FVG Down: Gap between candle 3 and candle 1 (high < low ) Plots highlighted boxes on these gaps 📊 Visual Elements Boxes: For OB zones and FVGs Shapes: Labels: OB Buy/Sell entries Triangles: Buy SL / Sell SL liquidity sweeps Lines: Equal Highs and Lows 🔔 Alerts Built-in alerts to notify when: OB entries are confirmed Liquidity sweeps happen Helps in automation or active monitoring ✅ Ideal For Traders using SMC, ICT concepts, Wyckoff, or institutional trading models Anyone wanting to automate detection of structural elements on their chart
Pine Script® indicator
by myindicatorpro
3
RSI MTF CorrelationRSI MTF Correlation This indicator detects unusual movement between RSI values on the current timeframe and a higher timeframe (multi-timeframe), generating volatility alerts or identifying potential market phase shifts. Applying for FX:XAUUSD and BINANCE:BTCUSD.P How To Read Data How To Use When RSI volatility across multiple timeframes behaves abnormally, bar colors shift from gray to orange, blue, or purple, indicating increasing levels of volatility. Once volatility returns to a normal state (gray), it may signal a potential reversal trade opportunity. Alert is available in the indicator. How to Trade Set alerts using the built-in functions of this indicator, or monitor the chart manually. When abnormal RSI volatility occurs, bar colors will shift from gray to orange, blue, or purple, reflecting increasing levels of volatility. Wait until a green or red bar appears to trigger a trade: Green bar: signals a potential buy setup Red bar: signals a potential sell setup Stop-Loss (SL): place below the nearest swing low (for buy) or above the nearest swing high (for sell), typically 20–30 pips. Take-Profit (TP): follow a Risk-to-Reward ratio of 1:1, 1:2, or ideally 1:5 or higher depending on market structure. Breakeven adjustment is optional and can be applied according to your trading style and market conditions. Notice: Follow the higher timeframe trend for more reliable signals. Strictly adhere to risk and money management principles. If you experience 2–3 consecutive stop-losses, this may indicate a trend shift or an unclear market condition. In such cases, wait for a new trend to form before re-entering. How It Works Under normal market conditions, RSI movements across different timeframes show a relatively correlated pattern. When this correlation breaks (abnormal RSI volatility), it often signals a possible trend shift in the lower timeframe. To preserve the dominant trend, the higher timeframe typically pulls the lower one back in line, resulting in sharp V-shaped price movements (flash dumps/pumps). This behavior helps us identify and isolate abnormal corrections, enabling high-probability trade setups. However, in some cases, a genuine trend reversal in the lower timeframe can be strong enough to impact the higher timeframe. This may lead to invalidation of trade setups (i.e., stop-loss hits). We acknowledge this risk and manage it through R:R (risk-to-reward) ratio strategies and robust capital management. Happy trading ❤️.
Pine Script® indicator
by dangtunglam14
2
RiskCalc FX & GoldRiskCalc FX & Gold is a multi-market position sizing tool designed to help you manage risk quickly and accurately. With this script, simply enter your account capital, the percentage of risk you wish to take, and your stop in ticks. Depending on the selected market—Forex or XAUUSD—the script automatically adjusts its calculations: Forex: Assumes 1 lot equals 100,000 units. XAUUSD: Assumes 1 lot equals 100 ounces. The script calculates your risk in dollars and, using a fixed value of 1 USD per tick per lot, determines the ideal position size in both lots and total contracts. Results are displayed in a clear, centralized table at the top of the chart for real-time decision-making. Perfect for traders operating across multiple markets who need an automated and consistent approach to risk management.
Pine Script® indicator
by PoPeyGroupinc
XAUMOvisionXAUMOvision: T he XAU/USD Composite Correlation Indicator with Weighted Spillover & Dynamic Lines XAUMOvision is a custom-built trading indicator designed to track the intricate relationship between XAU/USD (Gold) and key economic factors: DXY (US Dollar Index), US Treasury Yields, S&P 500, and Crude Oil. By blending correlation metrics with weighted spillover effects, XAUMOvision offers actionable insights to refine your Gold trading strategy. Core Features of XAUMOvision 1. Correlation (CC) Definition: Measures how closely two assets move together over a given period. Calculation: Pearson Correlation is used to assess Gold's relationship with: DXY: Negative correlation—when DXY rises, Gold typically falls. US Treasury Yields: Negative correlation—higher yields reduce Gold’s appeal. S&P 500: Opposite movement, as Gold acts as a safe-haven. Crude Oil: Positive correlation—both often rise during inflationary pressures. 2. Weighted Spillover What It Does: Quantifies how movements in each asset (DXY, Yields, etc.) influence Gold. Weighting: User-defined values (e.g., DXY weight = 0.4) scale each factor’s impact. Result: A total spillover score reveals bullish or bearish sentiment for XAU/USD. 3. Composite Bias Line Purpose: Consolidates spillover impacts into a single sentiment indicator. Readings: Strong Bullish: Composite Bias > 0.5. Neutral: Close to 0. Strong Bearish: Composite Bias < -0.5. Output: A directional bias to guide your trading decisions. 4. Traffic Signal Line Visual Cues: Green: Strong Bullish Signal. Red: Strong Bearish Signal. Gray: Neutral—avoid trading. Utility: A quick, color-coded overview of market conditions. Using XAUMOvision Effectively When to Use During high volatility or major news events (e.g., CPI, interest rate decisions). To understand macroeconomic forces driving Gold’s price action. Recommended Timeframes 4-Hour: Ideal for swing traders seeking medium-term setups. Daily: Perfect for macro trend analysis. Weekly: Suitable for long-term investors aligning with broader trends. --------------------------------------------------------------------------------- Practical Example Monday, January 13, 2025 (Neutral Market) Market Behavior: Gold stagnated (-0.96%), with low volume (681.13K). Indicator Insights: Composite Spillover: -0.92 (mild bearish pressure). Traffic Signal Line: Gray—stay out of the market. Bias Line: Weak Bearish (-1), signaling no strong trend. Result: XAUMOvision kept traders from entering a choppy, low-volume market. Wednesday, January 15, 2025 (CPI-Driven Rally) CPI Release: Core CPI softer than expected (0.2% vs. 0.3%), weakening the DXY and Yields. Gold surged. Indicator Insights: Composite Spillover: +0.57 (strong bullish sentiment). Traffic Signal Line: Green—clear buy signal. Bias Line: Strong Bullish (+2), confirming the trend. Result: Traders aligned with institutional flows and profited from the CPI-driven rally. -------------------------------------------------------------------------------- Why XAUMOvision Stands Out Avoids Bad Trades: Neutral signals and low-volume days keep you sidelined during indecisive markets. Pinpoints Big Moves: Green signals during high-impact events help you capitalize on major trends. Volume Validation: Confirms institutional activity to distinguish real trends from fakeouts. Conclusion: Trade Like a Pro XAUMOvision blends macroeconomic analysis with real-time technical indicators, ensuring you stay ahead of market moves. Whether navigating neutral markets or CPI-driven surges, this tool provides clarity and confidence in your trading decisions. For swing traders and macro enthusiasts, XAUMOvision is the ultimate weapon in Gold trading.
Pine Script® indicator
by ICHIMOKUontheNILE