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Bands and Channels

IU Market Rhythm WaveDESCRIPTION: The IU Market Rhythm Wave is a multi-dimensional indicator designed to reveal the underlying rhythm and energy of the market. By analyzing price momentum, harmonic oscillations, volume behavior, and market breadth, it helps traders identify high-quality long and short wave signals. It also visualizes rhythm bands, wave strength zones, and harmonic levels to provide comprehensive context for decision-making. This tool is best used on trending instruments where rhythm cycles and volume patterns create clear wave-based opportunities. USER INPUTS: Rhythm Cycle Length Controls the main lookback period used to calculate price waves, harmonic oscillation, volume rhythm, and breath. A longer cycle smooths signals, while a shorter cycle makes them more responsive. Recommended range: 8 to 35. Wave Signal Strength Multiplies the standard deviation of rhythm to define dynamic breakout thresholds. A higher value results in fewer but stronger signals, filtering out minor fluctuations. Harmonic Filter Applies a sensitivity filter to the harmonic mean and standard deviation. It helps eliminate weak or noisy signals and ensures rhythm-based signals align with harmonic structure. Show Wave Energy Zones Toggles background color shading based on current rhythm conditions. Greenish zones indicate strong upward rhythm, red for strong downward rhythm, yellow for positive bias, and gray for weak or neutral zones. Show Rhythm Bands Enables the display of upper and lower rhythm bands derived from ATR and rhythm volatility. These bands act as dynamic price envelopes and potential support/resistance zones. Wave Zone Opacity Adjusts the transparency of background energy zones, allowing users to control how prominent these zones appear on the chart. Range: 60 to 90 for optimal visibility. INDICATOR LOGIC: The indicator combines multiple rhythmic components into a composite rhythm score: 1. Price Wave – Based on momentum (rate of price change) smoothed by a moving average. 2. Harmonic Oscillation – Measures how far price has deviated from a central harmonic average (HLC3). 3. Volume Rhythm – Uses volume’s deviation from its mean, standardized by its volatility. 4. Market Breath – Captures range expansion and closing strength relative to range. These elements form the Raw Rhythm, which is further smoothed to produce the Market Rhythm. When the rhythm exceeds statistically calculated thresholds and other conditions like volume confirmation and harmonic proximity are met, wave signals are triggered. Harmonic Fibonacci levels (0.236, 0.382, 0.618, 0.764) are also calculated every rhythm cycle to identify nearby structural price zones. Signals occurring near these levels are considered more reliable. The Rhythm Bands use ATR and rhythm strength to define dynamic boundaries above and below price. Visual zones and arrows mark rhythm shifts and highlight the underlying energy of the market. WHY IT IS UNIQUE: This indicator goes beyond traditional oscillators or volume indicators by blending multiple market dimensions into one rhythmic framework. It adapts to volatility, applies harmonic structure awareness, and filters signals based on real-time market conditions. It offers: * A unique rhythm-based view of price, volume, and volatility * Dynamic, adaptive signal generation and zone coloring * Visual analytics and contextual data in a summary table * Signal filtering using harmonic alignment and market breath Its real-time responsiveness and multi-layered logic make it suitable for intraday, swing, and positional traders. HOW USER CAN BENEFIT FROM IT: * Spot high-conviction long or short entries when rhythm, volume, and structure align * Avoid low-quality trades during weak or noisy rhythm periods * Use visual wave zones to gauge trend strength and rhythm direction * Monitor harmonic proximity to enter or exit near key structural levels * Apply rhythm bands for dynamic stop-loss and target setting * Use rhythm direction arrows and analytics table to gain deeper market insight DISCLAIMER: This indicator is created for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset. All trading involves risk, and users should conduct their own analysis or consult with a qualified financial advisor before making any trading decisions. The creator is not responsible for any losses incurred through the use of this tool. Use at your own discretion.
Pine Script® indicator
by Shivam_Mandrai
Zero Lag Trend Strategy (MTF)🧠 Strategy Overview The Zero Lag Trend Signals Strategy (MTF) is a high-precision, multi-timeframe trend-following system designed for traders seeking early trend entries and intelligent exits. Built around ZLEMA-based signal detection, based on the original indicator Zero Lag Trend Signals (MTF) from AlgoAlpha, now built as a strategy with several improvements for Exit Criteria include RR, ATR Stop Loss, Trailing stop loss, etc. See below. This momentum strategy works much better for higher timeframes, typically 4 hours or higher. This particular combination only contains 57 trades because this captures larger trend moves. The dataset contains realistic commission and slippage. You can try to run this on a smaller timeframe, but you will need to try different combinations of length, band multiplier, risk-reward ratios, and other stop loss criteria. 🔍 Key Components 1️⃣ ZLEMA Trend Engine ZLEMA (Zero-Lag EMA) forms the foundation of the trend signal system. Detects bullish and bearish momentum by analyzing price action crossing custom ZLEMA bands. Optional confirmation using 5-bar ZLEMA slope filters (up/down trends) ensures high-conviction entries. 2️⃣ Volatility-Based Signal Bands Dynamic bands are calculated using ATR (volatility) stretched over 3× period length. These bands define entry zones (outside the bands) and trend strength. Price crossing above/below the bands triggers trend change detection. 3️⃣ Entry Logic Primary long entries occur when price crosses above the upper ZLEMA band. Short entries (optional) trigger on downside cross under the lower band. Re-entry logic allows continuation trades during strong trends. Filters include date range, ZLEMA confirmation, and previous position state. 4️⃣ Exit Logic & Risk Management Supports multiple customizable exit mechanisms: 🔺 Stop-Loss & Take-Profit ATR-Based SL/TP: Uses ATR multipliers to dynamically set levels based on volatility. Fixed Risk-Reward TP: Targets profit based on predefined RR ratios. Break-Even Logic: Automatically moves SL to entry once a threshold RR is hit. EMA Exit: Optional trailing exit based on price vs. short EMA. 🔀 Trailing Stop Follows price action using a trailing ATR-based buffer that tightens with trend movement. 🔁 Trend-Based Exit Automatically closes positions when the detected trend reverses. 5️⃣ Multi-Option Trade Filtering Enable/disable short trades, ZLEMA confirmations, re-entries, etc. Time-based backtesting filters for isolating performance within custom periods. 6️⃣ Visual Feedback & Annotations Trend shading overlays: Green for bullish, red for bearish zones. Up/Down triangle markers show when ZLEMA is rising/falling for 5 bars. Stop-loss, TP, trailing lines drawn dynamically on the chart. Floating stats table displays live performance (PnL, win %, GOA, drawdown, etc.). Trade log labels annotate closed trades with entry/exit, duration, and reason. 7️⃣ CSV Export Integration Seamless export of trade data including: Entry/exit prices Bars held Encoded exit reasons Enables post-processing or integration with external optimizers. ⚙️ Configurable Parameters All key elements are customizable: Entry band length and multiplier ATR lengths, multipliers, TP/SL, trailing stop, break-even Profit target RR ratio Toggle switches for confirmations, trade types, and exit methods
Pine Script® strategy
by Quant_Trading_Pro
Shark Zones The Shark Zone indicator is designed to detect potential zones where institutional or "smart money" activity (often referred to as "sharks") may be occurring. These zones are based on specific market behaviors that typically accompany accumulation or distribution by large players. 📊 Key Features: Multi-timeframe Analysis: Choose a higher timeframe (HTF) for evaluating candles and volume while viewing on a lower chart. Volume Spike Detection: Identifies candles where volume exceeds a configurable historical maximum. Strong Candle Body: Filters for candles with a dominant body compared to their wicks, indicating directional conviction. Range Expansion: Confirms the candle’s price range is significantly larger than the average, highlighting high-impact moves. Dynamic Shark Zone Plotting: Once a “Shark Bar” is detected (meeting all conditions), a zone is plotted from its high to low. Zones remain on the chart for a set number of bars unless another Shark Bar updates the range. Background shading and labeled markers enhance visibility. ⚙️ Adjustable Inputs: Analysis Timeframe: Choose the HTF used for detecting smart money candles. Volume Spike Lookback: Number of bars to compare for volume breakout. Body/Wick Ratio: Sensitivity to strong-bodied candles. Range Multiplier: Required deviation from average range to qualify as a spike. Zone Reset After N Bars: Automatically clear zone after inactivity. Show Zone: Toggle display of the detected zones. ✅ Use Cases: Spotting possible accumulation/distribution areas. Detecting early signs of large order imbalances. Combining with other confluence tools (OB, VWAP, structure) to improve entry precision.
Pine Script® indicator
by TCMaster
PriceChannel_Ver1 [VNFlow]🔹 PriceChannel_Ver1 — Smart Trend & Signal Channel This indicator combines ATR-based price channels with stochastic momentum and dynamic trend detection to provide clear BUY/SELL signals and visualize potential take-profit and stop-loss zones. It adapts to market direction using price action and plots two types of trend lines (short-term and long-term) to highlight directional shifts. 🔧 Key Features: Dynamic Price Channel: Based on ATR multipliers, adjusts upper/lower boundaries according to market volatility. Stochastic Filter: Identifies entry points aligned with market direction. Trend Detection: Recognizes bullish/bearish bias using breakout logic. Visual Trade Zones: Auto-draws TP/SL boxes with precise levels. Short & Long Trendlines: Connect recent pivot shifts with red (down) or blue (up) lines. Custom Alerts: Instant notifications when BUY or SELL conditions are triggered. 🔸 Ideal for traders who follow price structure, trend-following, and momentum confirmation across any market or timeframe. ===== Email: hasobin@outlook.com
Pine Script® indicator
by hasobin
Timeframe Resistance Evaluation And Detection - CoffeeKillerTREAD - Timeframe Resistance Evaluation And Detection Guide 🔔 Important Technical Limitation 🔔 **This indicator does NOT fetch true higher timeframe data.** Instead, it simulates higher timeframe levels by aggregating data from your current chart timeframe. This means: - Results will vary depending on what chart timeframe you're viewing - Levels may not match actual higher timeframe candle highs/lows - You might miss important wicks or gaps that occurred between chart timeframe bars - **Always verify levels against actual higher timeframe charts before trading** Welcome traders! This guide will walk you through the TREAD (Timeframe Resistance Evaluation And Detection) indicator, a multi-timeframe analysis tool developed by CoffeeKiller that identifies support and resistance confluence across different time periods.(I am 50+ year old trader and always thought I was bad a teaching and explaining so you get a AI guide. I personally use this on the 5 minute chart with the default settings, but to each there own and if you can improve the trend detection methods please DM me. I would like to see the code. Thanks) Core Components 1. Dual Timeframe Level Tracking - Short Timeframe Levels: Tracks opening price extremes within shorter periods - Long Timeframe Levels: Tracks actual high/low extremes within longer periods - Dynamic Reset Mechanism: Levels reset at the start of each new timeframe period - Momentum Detection: Identifies when levels change mid-period, indicating active price movement 2. Visual Zone System - High Zones: Areas between long timeframe highs and short timeframe highs - Low Zones: Areas between long timeframe lows and short timeframe lows - Fill Coloring: Dynamic colors based on whether levels are static or actively changing - Momentum Highlighting: Special colors when levels break during active periods 3. Customizable Display Options - Multiple Plot Styles: Line, circles, or cross markers - Flexible Timeframe Selection: Wide range of short and long timeframe combinations - Color Customization: Separate colors for each level type and momentum state - Toggle Controls: Show/hide different elements based on trading preference Main Features Timeframe Settings - Short Timeframe Options: 15m, 30m, 1h, 2h, 4h - Long Timeframe Options: 1h, 2h, 4h, 8h, 12h, 1D, 1W - Recommended Combinations: - Scalping: 15m/1h or 30m/2h - Day Trading: 30m/4h or 1h/4h - Swing Trading: 4h/1D or 1D/1W Display Configuration - Level Visibility: Toggle short/long timeframe levels independently - Fill Zone Control: Enable/disable colored zones between levels - Momentum Fills: Special highlighting for actively changing levels - Line Customization: Width, style, and color options for all elements Color System - Short TF High: Default red for resistance levels - Short TF Low: Default green for support levels - Long TF High: Transparent red for broader resistance context - Long TF Low: Transparent green for broader support context - Momentum Colors: Brighter colors when levels are actively changing Technical Implementation Details How Level Tracking Works The indicator uses a custom tracking function that: 1. Detects Timeframe Periods: Uses `time()` function to identify when new periods begin 2. Tracks Extremes: Monitors highest/lowest values within each period 3. Resets on New Periods: Clears tracking when timeframe periods change 4. Updates Mid-Period: Continues tracking if new extremes are reached The Timeframe Limitation Explained `pinescript // What the indicator does: short_tf_start = ta.change(time(short_timeframe)) != 0 // Detects 30m period start = track_highest(open, short_tf_start) // BUT uses chart TF opens! // What true multi-timeframe would be: // short_tf_high = request.security(syminfo.tickerid, short_timeframe, high) ` This means: - On a 5m chart with 30m/4h settings: Tracks 5m bar opens during 30m and 4h windows - On a 1m chart with same settings: Tracks 1m bar opens during 30m and 4h windows - Results will be different between chart timeframes - May miss important price action that occurred between your chart's bars Visual Elements 1. Level Lines - Short TF High: Upper resistance line from shorter timeframe analysis - Short TF Low: Lower support line from shorter timeframe analysis - Long TF High: Broader resistance context from longer timeframe - Long TF Low: Broader support context from longer timeframe 2. Zone Fills - High Zone: Area between long TF high and short TF high (potential resistance cluster) - Low Zone: Area between long TF low and short TF low (potential support cluster) - Regular Fill: Standard transparency when levels are static - Momentum Fill: Enhanced visibility when levels are actively changing 3. Dynamic Coloring - Static Periods: Normal colors when levels haven't changed recently - Active Periods: Momentum colors when levels are being tested/broken - Confluence Zones: Different intensities based on timeframe alignment Trading Applications 1. Support/Resistance Trading - Entry Points: Trade bounces from zone boundaries - Confluence Areas: Focus on areas where short and long TF levels cluster - Zone Breaks: Enter on confirmed breaks through entire zones - Multiple Timeframe Confirmation: Stronger signals when both timeframes align 2. Range Trading - Zone Boundaries: Use fill zones as range extremes - Mean Reversion: Trade back toward opposite zone when price reaches extremes - Breakout Preparation: Watch for momentum color changes indicating potential breakouts - Risk Management: Place stops outside the opposite zone 3. Trend Following - Direction Bias: Trade in direction of zone breaks - Pullback Entries: Enter on pullbacks to broken zones (now support/resistance) - Momentum Confirmation: Use momentum coloring to confirm trend strength - Multiple Timeframe Alignment: Strongest trends when both timeframes agree 4. Scalping Applications - Quick Bounces: Trade rapid moves between zone boundaries - Momentum Signals: Enter when momentum colors appear - Short-Term Targets: Use opposite zone as profit target - Tight Stops: Place stops just outside current zone Optimization Guide 1. Timeframe Selection For Different Trading Styles: - Scalping: 15m/1h - Quick levels, frequent updates - Day Trading: 30m/4h - Balanced view, good for intraday moves - Swing Trading: 4h/1D - Longer-term perspective, fewer false signals - Position Trading: 1D/1W - Major structural levels 2. Chart Timeframe Considerations **Important**: Your chart timeframe affects results - Lower Chart TF: More granular level tracking, but may be noisy - Higher Chart TF: Smoother levels, but may miss important price action - Recommended: Use chart timeframe 2-4x smaller than short indicator timeframe 3. Display Settings - Busy Charts: Disable fills, show only key levels - Clean Analysis: Enable all fills and momentum coloring - Multi-Monitor Setup: Use different color schemes for easy identification - Mobile Trading: Increase line width for visibility Best Practices 1. Level Verification - Always Cross-Check: Verify levels against actual higher timeframe charts - Multiple Timeframes: Check 2-3 different chart timeframes for consistency - Price Action Confirmation: Wait for candlestick confirmation at levels - Volume Analysis: Combine with volume for stronger confirmation 2. Risk Management - Stop Placement: Use zones rather than exact prices for stops - Position Sizing: Reduce size when zones are narrow (higher risk) - Multiple Targets: Scale out at different zone boundaries - False Break Protection: Allow for minor zone penetrations 3. Signal Quality Assessment - Momentum Colors: Higher probability when momentum coloring appears - Zone Width: Wider zones often provide stronger support/resistance - Historical Testing: Backtest on your preferred timeframe combinations - Market Conditions: Adjust sensitivity based on volatility Advanced Features 1. Momentum Detection System The indicator tracks when levels change mid-period: `pinescript short_high_changed = short_high != short_high and not short_tf_start ` This identifies: - Active level testing - Potential breakout situations - Increased market volatility - Trend acceleration points 2. Dynamic Color System Complex conditional logic determines fill colors: - Static Zones: Regular transparency for stable levels - Active Zones: Enhanced colors for changing levels - Mixed States: Different combinations based on user preferences - Custom Overrides: User can prioritize certain color schemes 3. Zone Interaction Analysis - Convergence: When short and long TF levels approach each other - Divergence: When timeframes show conflicting levels - Alignment: When both timeframes agree on direction - Transition: When one timeframe changes while other remains static Common Issues and Solutions 1. Inconsistent Levels Problem: Levels look different on various chart timeframes Solution: Always verify against actual higher timeframe charts 2. Missing Price Action Problem: Important wicks or gaps not reflected in levels Solution: Use chart timeframe closer to indicator's short timeframe setting 3. Too Many Signals Problem: Excessive level changes and momentum alerts Solution: Increase timeframe settings or reduce chart timeframe granularity 4. Lagging Signals Problem: Levels seem to update too slowly Solution: Decrease chart timeframe or use more sensitive timeframe combinations Recommended Setups Conservative Approach - Timeframes: 4h/1D - Chart: 1h - Display: Show fills only, no momentum coloring - Use: Swing trading, position management Aggressive Approach - Timeframes: 15m/1h - Chart: 5m - Display: All features enabled, momentum highlighting - Use: Scalping, quick reversal trades Balanced Approach - Timeframes: 30m/4h - Chart: 15m - Display: Selective fills, momentum on key levels - Use: Day trading, multi-session analysis Final Notes **Remember**: This indicator provides a synthetic view of multi-timeframe levels, not true higher timeframe data. While useful for identifying potential confluence areas, always verify important levels by checking actual higher timeframe charts. **Best Results When**: - Combined with actual multi-timeframe analysis - Used for confluence confirmation rather than primary signals - Applied with proper risk management - Verified against price action and volume **DISCLAIMER**: This indicator and its signals are intended solely for educational and informational purposes. The timeframe limitation means results may not reflect true higher timeframe levels. Always conduct your own analysis and verify levels independently before making trading decisions. Trading involves significant risk of loss.
Pine Script® indicator
by CoffeeKiller
FXMC Breakout with Strict Single SignalIt's designed to help traders identify and act on breakouts from the first candle of the trading day, with sophisticated options for managing trades and booking profits. Understanding the "FXMC Breakout with Strict Single Signal" Indicator This indicator, aptly named "FXMC Breakout with Strict Single Signal," is a powerful tool for day traders. It focuses on a popular strategy: trading the high and low of the first X-minute candle of the trading session. What makes this version particularly useful is its emphasis on clean, non-repetitive signals and its integration of multiple advanced exit strategies. Core Concept: First Candle Breakout The fundamental idea is simple: the first candle of the trading day (often the 5-minute or 15-minute candle) sets an important range. A breakout above its high suggests bullish momentum, while a break below its low suggests bearish momentum. Here's how the script establishes this: Adjustable First Candle: You can select the duration of this "first candle" directly from the indicator's settings (e.g., 1-minute, 5-minute, 15-minute, etc.). This makes it versatile for different markets and strategies. Session Time: You define your trading session (e.g., "0915-1530" for Indian markets). The script will capture the high and low of the selected first candle only at the start of this session each day. Daily Reset: At the beginning of each new day, all previous signals and trade states are reset, preparing the indicator for a fresh set of opportunities. Visualizing the Range: Once identified, the high (green line) and low (red line) of this first candle are plotted as horizontal lines that extend throughout the trading day, clearly marking your breakout levels. Entry Signals: Once per Direction, Per Day The script generates clear entry signals: Buy Entry (Green Up-Triangle): Appears when the price closes above the first candle's high. Sell Entry (Orange Down-Triangle): Appears when the price closes below the first candle's low. Strict Single Signal: A key feature is that you'll only see one Buy Entry and one Sell Entry signal per day. If a buy signal triggers, the script won't generate another buy signal until the trade is exited and a new opportunity arises (which would be the next day, as this strategy is typically intraday). Similarly for sell signals. Advanced Exit Strategies: Multiple Options, Single Signal This is where the indicator truly shines, offering robust ways to manage your trades once an entry has occurred. You can enable or disable these methods in the indicator settings: Price Cross Back (Default Exit): Long Trade Exit: If you're in a long position and the price closes back below the first candle's high, it signals an exit. Short Trade Exit: If you're in a short position and the price closes back above the first candle's low, it signals an exit. ATR Trailing Stop: Volatility-Adjusted: This stop loss automatically adjusts to market volatility. When you enter a trade, a trailing stop is set a certain multiple of the Average True Range (ATR) away from the entry price. Protects Profits: As the price moves in your favor, the stop trails behind it, locking in profits while still allowing room for normal market fluctuations. It never moves against your position. Exit Trigger: An exit signal is generated if the price closes back beyond this trailing stop level. RSI Exit (Overbought/Oversold): Momentum Based: Uses the Relative Strength Index (RSI) to identify extreme momentum conditions. Long Trade Exit: If you're long and the RSI moves above a user-defined "overbought" level (e.g., 70 or 80), it suggests the upward move might be exhausted, prompting an exit. Short Trade Exit: If you're short and the RSI moves below a user-defined "oversold" level (e.g., 30 or 20), it suggests the downward move might be overdone, prompting an exit. EMA Crossover Exit: Trend Reversal: This uses two Exponential Moving Averages (EMAs) – a fast one and a slow one. Long Trade Exit: If you're long and the fast EMA crosses below the slow EMA, it indicates a potential shift to a bearish trend, signaling an exit. Short Trade Exit: If you're short and the fast EMA crosses above the slow EMA, it indicates a potential shift to a bullish trend, signaling an exit. Single Exit Signal (Crucial Improvement): Just like entries, you'll only see one exit signal (an "X" mark) per trade. The script tracks your implied position (long, short, or flat). Once you're in a trade, it continually checks all enabled exit conditions. The first condition met will trigger the single exit signal, flatten your implied position, and reset for the next trading day. Visual Aids and Alerts Background Colors: The chart background changes color to indicate if the indicator is currently in a simulated Long position (light green) or Short position (light orange). This gives you a quick visual overview of the trade's duration. Plotting Trailing Stop (Optional): You can see the ATR trailing stop line dynamically adjust on your chart when a position is active, providing clear visualization of your protective stop. Alerts: The indicator is equipped with alerts for both entries and exits, so you can be notified in real-time when signals occur without constantly watching the chart. How to Use It Add to Chart: Apply the indicator to any intraday chart (e.g., 1-minute, 5-minute, 15-minute). Adjust Settings: Open the indicator's settings (Inputs tab) to: Set your desired "First Candle Timeframe." Define your "Session Time." Enable or disable each of the "Exit Conditions" (ATR, RSI, EMA) and customize their parameters to fit your trading style and the asset you're analyzing. Analyze Signals: Observe the entry and exit signals, along with the background colors, to understand the indicator's proposed trades. This robust indicator provides a comprehensive framework for a first-candle breakout strategy, offering clear signals and dynamic trade management, all with a focus on a clean, uncluttered chart.
Pine Script® indicator
by tantej
SuperTrend Adaptive (STD Smooth)Supertrend Adaptive (Smoothed StdDev) Supertrend Adaptive is a refined trend-following indicator based on the classic Supertrend. It enhances the original by incorporating smoothed standard deviation into the volatility calculation, instead of relying solely on ATR. This hybrid approach enables more responsive and adaptive trend detection, reducing noise and false signals in volatile or ranging markets. The indicator also features confidence-weighted signal labels and a clean, uncluttered display, making it practical for any trading timeframe. 🔍 Detailed Methodology and Conceptual Foundation Unlike traditional Supertrend indicators that use only absolute volatility (ATR) to define trend bands, this version blends standard deviation — a relative volatility measure — into the calculation. Standard deviation helps capture the dispersion of price, not just its range, and when smoothed, it filters out erratic jumps caused by sudden spikes or drops. This fusion creates trend bands that expand and contract dynamically based on recent price variability. As a result: Fewer whipsaws : The trend bands adjust to both low and high volatility environments, which helps avoid unnecessary signal flips during consolidation. Stronger trend adherence : Signals are less reactive to momentary price movements. This allows the indicator to hold positions longer in trending markets, giving traders the opportunity to ride extended moves. Bollinger Band-style adaptation : By including standard deviation, this indicator behaves similarly to Bollinger Bands — accounting for relative price change rather than absolute moves alone. These enhancements make the tool suitable not only for identifying directional bias, but also for refining entries and exits with more context-aware volatility filtering. 📈 How to Use the Indicator Trend Direction: The script draws a colored line beneath (uptrend) or above (downtrend) price. Green indicates bullish trend, red indicates bearish. Buy/Sell Labels: Only the most recent signal is shown to reduce clutter: 🟢 Green "Buy" label = trend reversal to bullish, with strong confidence. 🔵 Blue "Buy" label = same reversal, but with lower volume confidence. 🔴 Red "Sell" label = trend reversal to bearish, with strong confidence. 🟠 Orange "Sell" label = bearish signal with lower volume confidence. These color codes are derived from comparing current volume to its average — a higher-than-average volume gives greater confidence to the signal. Settings: ATR Period: Controls the smoothing window for volatility calculation. ATR Multiplier: Adjusts the size of the trend bands. Std Smooth: Controls smoothing applied to standard deviation to reduce jitter. Change ATR Method: Option to toggle between default and smoothed ATR. Show Signals: Toggle for label display. 📢 Alerts The script includes three built-in alert conditions: Buy Signal: Triggered when the trend flips to bullish. Sell Signal: Triggered when the trend flips to bearish. Trend Direction Change: Alerts on any switch in trend regardless of confidence level. These alerts allow traders to automate notifications or integrations with bots or trading platforms. 🧼 Clean Chart Display To ensure clarity and comply with best practices: The chart shows only this indicator. Trend lines are drawn in real time for visual context. Only one label per direction is shown — the most recent one — to keep the chart readable. No drawings or unrelated indicators are included. This setup ensures the script’s signals and structure are immediately understandable at a glance. 📌 Best Use Cases This tool is designed for: Traders who want adaptive volatility filters instead of rigid ATR-based models. Scalpers and swing traders who prefer clean charts with minimal lag and fewer false signals. Any asset class — works well on crypto, FX, and equities. Shortcoming of this tool is sideway price action (will be tackled in next versions). Credit for tradingview.sweetlogin.com the version which this script extends.
Pine Script® indicator
by wrathwd
High/LowPrevious Day High/Low & Weekly Open Indicator A clean and simple indicator that displays key reference levels for intraday trading. Features: Previous day's high and low levels Current week's opening price Auto-hides levels once broken (prevents clutter) Resets automatically at the start of each trading day No repainting - uses proper security function calls How it works: The indicator plots yesterday's high/low as horizontal lines on your chart. When price breaks above the previous day's high, that level disappears. Same for the low. This keeps your chart clean and shows only unbroken levels. Perfect for: Day traders using previous day's range as reference Breakout trading strategies Support/resistance analysis Clean chart setup without manual level drawing The cyan lines show previous day's high/low, while the orange line displays the weekly open. All levels use non-repainting data for reliable backtesting.
Pine Script® indicator
by RabeInvest
MTF RSI MA System + Adaptive BandsMTF RSI MA System + Adaptive Bands Overview MTF RSI MA System + Adaptive Bands is a highly customizable Pine Script indicator for traders seeking a versatile tool for multi-timeframe (MTF) analysis. Unlike traditional RSI, it focuses on the Moving Average of RSI (RSI MA), delivering smoother and more flexible trading signals. The main screenshot displays the indicator in two panels to showcase its diverse capabilities. Important: Timeframes do not adjust automatically – users must manually set them to match the chart’s timeframe. Features Core Component: Built around RSI MA, not raw RSI, for smoother trend signals. Multi-Timeframe: Analyze RSI MA across three customizable timeframes (default: 4H, 8H, 12H). Adaptive Bands: Three band calculation methods (Fixed, Percent, StdDev) for dynamic signals. Flexible Signals: Generated via RSI MA crossovers, band interactions, or directional alignment across timeframes. Background Coloring: Highlights when RSI MAs across timeframes move in the same direction, aiding trend confirmation. Screenshot Panels Configuration Upper Panel: Shows RSI, RSI MA, and fixed bands for reversal strategies (RSI crossing bands). Lower Panel: Displays three RSI MAs (Alligator-style) for trend-following, with background coloring for directional alignment. Band Calculation Methods The indicator offers three ways to calculate bands around RSI MA, each with unique characteristics: Fixed Bands Set at a fixed point value (default: 10) above and below RSI MA. Example: If RSI MA = 50, band value = 10 → upper band = 60, lower = 40. Use Case: Best for stable markets or fixed-range preferences. Tip: Adjust the band value to widen or narrow the range based on asset volatility. Percent Bands Calculated as a percentage of RSI MA (default: 10%). Example: If RSI MA = 50, band value = 10% → upper band = 55, lower = 45. Use Case: Ideal for assets with varying volatility, as bands scale with RSI MA. Tip: Experiment with percentage values to match typical price swings. Standard Deviation Bands (StdDev) Based on RSI’s standard deviation over the MA period, multiplied by a user-defined factor (default: 10). Example: If RSI MA = 50, standard deviation = 5, factor = 2 → upper band = 60, lower = 40. Important: The default value (10) may produce wide bands. Reduce to 1–2 for tighter, practical bands. Use Case: Best for dynamic markets with fluctuating volatility. Configuration Options RSI Length: Set RSI calculation period (default: 20). MA Length: Set RSI MA period (default: 20). MA Type: Choose SMA or EMA for RSI MA (default: EMA). Timeframes: Configure three timeframes (default: 4H, 8H, 12H) for MTF analysis. Overbought/Oversold Levels: Optionally display fixed levels (default: 70/30). Background Coloring: Enable/disable for each timeframe to highlight directional alignment. How to Use Add Indicator: Load it onto your TradingView chart. Setup: Reversals: Configure like the upper panel (RSI, RSI MA, bands) and watch for RSI crossing bands. Trends: Configure like the lower panel (three RSI MAs) and look for fastest MA crossovers and background coloring. Adjust Timeframes: Manually set tf1, tf2, tf3 (e.g., 1H, 2H, 4H on a 1H chart) to suit your strategy. Adjust Bands: Choose band type (Fixed, Percent, StdDev) and value. For StdDev, reduce to 1–2 for tighter bands. Experiment: Test settings to match your trading style, whether scalping, swing trading, or long-term. Notes Timeframes: Always match tf1, tf2, tf3 to your chart’s needs, as they don’t auto-adjust. StdDev Bands: Lower the default value (10) to avoid overly wide bands. Versatility: Works across markets (stocks, forex, crypto).
Pine Script® indicator
by Uncle_the_shooter
TSLA Elliott Wave Estimation//@version=5 indicator("TSLA Elliott Wave Estimation", overlay=true) // === PRICE SWINGS LOGIC (simplified manual labeling structure) === // Manually approximate major pivot points (this should ideally be semi-automated or confirmed with fractal/zigzag logic) wave1_top = label.new(x=bar_index , y=450, text="(1)", style=label.style_label_up, color=color.green, textcolor=color.white) wave2_bottom = label.new(x=bar_index , y=290, text="(2)", style=label.style_label_down, color=color.red, textcolor=color.white) wave3_top = label.new(x=bar_index , y=550, text="(3)", style=label.style_label_up, color=color.green, textcolor=color.white) wave4_bottom = label.new(x=bar_index , y=310, text="(4)", style=label.style_label_down, color=color.red, textcolor=color.white) // Forecasted wave 5 zone wave5_target_top = line.new(x1=bar_index, y1=420, x2=bar_index + 20, y2=450, extend=extend.right, color=color.yellow, width=2, style=line.style_dashed) label.new(x=bar_index + 20, y=450, text="Potential (5)", style=label.style_label_up, color=color.orange, textcolor=color.black) // Optional: Visual zone for retracement support support_box = box.new(left=bar_index - 15, top=330, right=bar_index + 5, bottom=290, border_color=color.gray, bgcolor=color.new(color.gray, 85))
Pine Script® indicator
by ksd0703
Candle StrengthCandle Strength Indicator Candle Strength Indicator helps traders identify strong bullish or bearish candles based on their body-to-range ratio and volume conditions. The indicator calculates the strength of each candle using the formula: Candle Strength = (Close – Open) / (High – Low) A value close to +1 indicates strong buying pressure. A value close to –1 indicates strong selling pressure. A value near 0 suggests indecision or weak movement. To improve signal quality, the indicator filters candles by volume — only highlighting those with volume greater than the moving average. When a strong candle is detected: Upward green arrows appear for strong bullish candles. Downward red arrows appear for strong bearish candles. You can customize: Timeframe of candle data. Volume lookback period. Strength threshold for signal display.
Pine Script® indicator
by TCMaster
📅 Non-Euclidean Fib Gibbonaci📅 *Non-Euclidean Fib Gibbonaci** This indicator dynamically identifies high-probability liquidity zones using a combination of **weekly market structure**, **asymmetric Fibonacci geometry**, and **volume clustering**. ### 🔍 **What It Does:** * **Detects Weekly Structure Shifts:** Automatically checks each new week for a break in weekly highs or lows. If a structural change is detected, all liquidity levels are recalculated. * **Builds Non-Euclidean Fibonacci Ranges:** Instead of traditional swing-based Fibs, this indicator creates a **distorted Fibonacci zone** around the weekly close using the Golden Ratio (φ ≈ 1.618). This generates asymmetric, forward-projected Fib levels. * **Volume-Based Liquidity Zones:** For each projected level, volume is accumulated from the past 50 bars when the price closed near that level. These volumes are then **tiered dynamically based on the previous week’s total volume**. * **5 Dynamic Volume Tiers:** Liquidity levels are color-coded based on volume interaction: * 🔴 **Very High** * 🟠 **High** * 🟡 **Mid** * 🔵 **Low** * ⚪ **Very Low** (Thresholds are based on **percentage of last week’s volume**, fully adjustable via settings.) * **Smart Drawing Engine:** * Only draws when structure changes. * Includes inverse bands (bottom-up projections), midlines (optional), and clean auto-clearing of old levels. * Optional labels show Fib level and volume tier. * **Predictive Liquidity Zones:** High-volume extension levels (e.g. Fib 1.272 or above) trigger **"🔺 Potential Top"** and **"🔻 Potential Bottom"** labels, helping to forecast potential exhaustion zones. --- ### ⚙️ **Customizable Settings:** * Enable/disable: * Inverse Fibonacci bands * Midlines between bands * Volume-based labels * Adjust: * Volume tier thresholds (% of prior weekly volume) * Label display filtering (only show top tiers) --- ### ✅ **Best Used For:** * Traders who want to identify **key liquidity zones** based on structural shifts. * Spotting **volume-backed Fib confluences** that may act as magnets or reversal zones. * Forecasting **potential tops/bottoms** using historical price/volume behavior — dynamically, and in context. --- ### 🚫 No Repainting: Once weekly structure is established, levels do not repaint. Volume clustering is based on actual historic bar closes. --- Let me know if you want a shorter version or a version with emojis minimized for a more formal audience.
Pine Script® indicator
by gleefulApple0010110
EMAZoner+ 0.5EMAZoner – Your new perspective on trends! Want to always know where a trend starts and ends? Looking for a simple yet visually powerful tool to help you instantly spot key moments for entries and exits? EMAZoner is here for you! This indicator is designed for anyone who wants to: - Instantly see where a trend begins and ends (whether you trade short or long term) - Have clear BUY/SELL signals and trend peaks marked directly on the chart - Quickly distinguish strong and weak trends thanks to colored backgrounds and a clear info table - Track current trends not only on your timeframe, but also on higher ones (M15, M30, H1) – perfect for multi-timeframe analysis - Keep your chart clean with minimalist labels and dotted lines that guide you straight to the right candle - Get market and trend strength stats without complicated setup EMAZoner is suitable for everyone – from beginners to experienced traders. It helps you avoid unnecessary noise, quickly find key zones, and make decisions with more confidence. Try EMAZoner and take your analysis to the next level!
Pine Script® indicator
by truman_idname