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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
Golden Pocket SyndicateGPS – Golden Pocket Syndicate The GPS indicator is a multi-tool designed for active traders who focus on reversals, precision scalping, and high-confluence entries. This script combines key market structure elements, dynamic support/resistance mapping, and real-time volume + liquidation metrics to help traders identify optimal entries based on supply/demand imbalances and liquidity targeting. Rather than replicating existing open-source tools, GPS blends custom logic for: • Golden Pocket Zone Mapping: Automatically highlights key Fibonacci retracement areas (0.618–0.65) across daily, weekly, monthly levels, including previous session extensions. • Liquidation Clusters & Pre-Liq Zones: Real-time detection and visual display of high-risk liquidation areas using volume acceleration and candle-body displacement data. • Reversal Confirmation Signals: Combines volume divergence, VWAP reclaims, and spiderline rejections with custom-coded “Snipe Points” that alert traders to potential exhaustion in trend. • Market Sentiment Integration: Optional overlays include real-time bar color shifts based on bias change (from trend to range) and dynamic volume overlays. This indicator is intended for traders who scalp or swing but require additional confirmation layers to prevent premature entries. It works well on 5m–4H charts and is especially powerful when paired with other manual tools such as trendlines, order blocks, or market structure breaks.
Pine Script® indicator
by RickyTSpanish
HOG PathfinderHOG Pathfinder 📊 Overview HOG Pathfinder is a forward-projection engine that analyzes trend, momentum, and volume to chart a probable path for the next candles. Built as a tactical overlay for directional bias, it gives traders a clean, visual estimate of where price is likely to head — without relying on hope or hindsight. ⚙️ How It Works • Scores 5 key signals:   • EMA 9/21 trend slope   • RSI strength   • MACD histogram bias   • Price relative to EMA 50 (volume position)   • Trend confirmation via ADX • Determines a bias: Bullish, Bearish, or Neutral • Uses average true range to project a path over the next 10 candles • Displays a dotted line that curves upward, downward, or flat depending on strength and alignment 🎯 Inputs • Projection Length — number of forward candles to project • Show Target — enables future target logic (not plotted) ✅ Benefits • Instant directional read of where price is likely to go • Pairs perfectly with indicators like Trifecta or Super Trend • Clean visual — no noise, just trajectory • Built from native Pine Script logic — no dependencies 📈 Use Cases • Forecasting next 10 candles on the daily or 4H • Trade alignment with higher timeframe bias • Visual guide for continuation or mean reversion trades ⚠️ Notes • This is not a “prediction” tool — it projects the most probable path given current momentum, trend, and volume alignment • Adjust slope logic in future versions to curve toward key zones or FVGs
Pine Script® indicator
by Houseofgain
2
RACZ-SIGNAL-V2.1RACZ-SIGNAL-V2.1 – Reactive Analytical Confluence Zones Developed by: RACZ Trading Indicator Type: Multi-Factor Confluence System Overlay: Off (separate pane) Purpose: Detect powerful trade opportunities through confluence of technical signals. ⸻ 🔍 What is RACZ? RACZ stands for Reactive Analytical Confluence Zones. It’s a high-precision trading tool built for traders who rely on multi-signal confirmation, momentum alignment, and market structure awareness. Rather than relying on a single technical metric, RACZ dynamically combines RSI, VWAP-RSI, Divergence, ADX, and Volume Analytics to produce a composite signal score from 0 to 12 — the higher the score, the stronger the signal. ⸻ 🧠 How It Works – Core Components 1. RSI Analysis • Detects momentum shifts. • Compares RSI value to overbought (default: 67) and oversold (default: 33) thresholds. • Adds points to Bullish or Bearish score. 2. VWAP-RSI • Uses RSI based on VWAP (Volume Weighted Average Price). • Adds weight to signals influenced by volume-adjusted price movement. 3. Divergence Detection • Detects potential reversal zones. • Bullish Divergence: RSI crosses up from low zone. • Bearish Divergence: RSI crosses down from high zone. • Strong confluence signal when present. 4. ADX Dynamic Strength Filter • Custom-calculated ADX (trend strength indicator). • Uses a dynamic threshold derived from SMA of ADX over a lookback period, scaled by a factor (default 0.9). • Ensures signals are only validated in strong trend environments. 5. Volume Z-Score • Detects anomalies in volume behavior. • Z-score applied to 20-period volume average & deviation. • Labels spikes, drops, high/low volume conditions. ⸻ 📊 Signal Scoring Logic Each component (RSI, VWAP-RSI, Divergence, ADX) can score up to 3 points each. • Bullish Score: Total from bullish alignment of each factor. • Bearish Score: Total from bearish alignment of each factor. • Signal Power = max(bullish, bearish) 📈 Signal Interpretation • BUY: Bullish Score > Bearish Score • SELL: Bearish Score > Bullish Score • NEUTRAL: Scores are equal • Signal power is plotted on a 0–12 histogram: • 0–5 = Weak • 6–8 = Medium • 9–12 = Strong (High Confluence Zone) 🖥️ Live Status Panel (Top-Right Corner) This real-time panel helps you break down the signal:Component Value Explanation: RSI / VWAP / DIV / ADX Shows points contributing to signal SIGNAL: Current market bias (BUY, SELL, NEUTRAL) VOLUME: Volume classification (Spike, Drop, High, Low, Normal) Color-coded for quick interpretation. ✅ How to Use 1. Look at Histogram: Bars ≥6 suggest valid setups, especially ≥9. 2. Confirm Panel Agreement: Check which components are supporting the signal. 3. Validate Volume: Unusual spikes/drops often precede strong moves. 4. Follow Direction: Use BUY/SELL signals aligned with signal power and trend. ⸻ ⚙️ Customizable Inputs • RSI period, overbought/oversold levels • VWAP-RSI period • ADX period and dynamic threshold settings • Fully adjustable to fit any trading style ⸻ 🚀 Why Choose RACZ? • Clarity: Scores & signals derived from multiple tools, not just one. • Confluence Logic: Designed for traders who look for confirmation across indicators. • Speed: Real-time responsiveness to changing market dynamics. • Volume Awareness: Integrated volume intelligence gives a deeper edge. ⸻ ⚠️ Disclaimer This indicator is intended strictly for educational and informational purposes only. It is not financial advice and should not be used to make actual investment decisions. Always conduct your own research or consult with a licensed financial advisor before trading or investing. Use of this script is at your own risk.
Pine Script® indicator
by EtherRider
Yelober_Momentum_BreadthMI# Yelober_Momentum_BreadthMI: Market Breadth Indicator Analysis ## Overview The Yelober_Momentum_BreadthMI is a comprehensive market breadth indicator designed to monitor market internals across NYSE and NASDAQ exchanges. It tracks several key metrics including up/down volume ratios, TICK readings, and trend momentum to provide traders with real-time insights into market direction, strength, and potential turning points. ## Indicator Components This indicator displays a table with data for: - NYSE breadth metrics - NASDAQ breadth metrics - NYSE TICK data and trends - NASDAQ TICK (TICKQ) data and trends ## Table Columns and Interpretation ### Column 1: Market Identifies the data source: - **NYSE**: New York Stock Exchange data - **NASDAQ**: NASDAQ exchange data - **Tick**: NYSE TICK index - **TickQ**: NASDAQ TICK index ### Column 2: Ratio Shows the current ratio values with different calculations depending on the row: - **For NYSE/NASDAQ rows**: Displays the up/down volume ratio - Positive values (green): More up volume than down volume - Negative values (red): More down volume than up volume - The magnitude indicates the strength of the imbalance - **For Tick/TickQ rows**: Shows the ratio of positive to negative ticks plus the current TICK reading in parentheses - Format: "Ratio (Current TICK value)" - Positive values (green): More stocks ticking up than down - Negative values (red): More stocks ticking down than up ### Column 3: Trend Displays the directional trend with both a symbol and value: - **For NYSE/NASDAQ rows**: Shows the VOLD (volume difference) slope - "↗": Rising trend (positive slope) - "↘": Falling trend (negative slope) - "→": Neutral/flat trend (minimal slope) - **For Tick/TickQ rows**: Shows the slope of the ratio history - Color-coding: Green for positive momentum, Red for negative momentum, Gray for neutral The trend column is particularly important as it shows the current momentum of the market. The indicator applies specific thresholds for color-coding: - NYSE: Green when normalized value > 2, Red when < -2 - NASDAQ: Green when normalized value > 3.5, Red when < -3.5 - TICK/TICKQ: Green when slope > 0.01, Red when slope < -0.01 ## How to Use This Indicator ### Basic Interpretation 1. **Market Direction**: When multiple rows show green ratios and upward trends, it suggests strong bullish market internals. Conversely, red ratios and downward trends indicate bearish internals. 2. **Market Breadth**: The magnitude of the ratios indicates how broad-based the market movement is. Higher absolute values suggest stronger market breadth. 3. **Momentum Shifts**: When trend arrows change direction or colors shift, it may signal a potential reversal or change in market momentum. 4. **Divergences**: Look for divergences between different markets (NYSE vs NASDAQ) or between ratios and trends, which can indicate potential market turning points. ### Advanced Usage - **Volume Normalization**: The indicator includes options to normalize volume data (none, tens, thousands, millions, 10th millions) to handle different exchange scales. - **Trend Averaging**: The slope calculation uses an averaging period (default: 5) to smooth out noise and identify more reliable trend signals. ## Examples for Interpretation ### Example 1: Strong Bullish Market ``` | Market | Ratio | Trend | |--------|---------|-----------| | NYSE | 1.75 | ↗ 2.85 | | NASDAQ | 2.10 | ↗ 4.12 | | Tick | 2.45 (485) | ↗ 0.05 | | TickQ | 1.95 (320) | ↗ 0.03 | ``` **Interpretation**: All metrics are positive and trending upward (green), indicating a strong, broad-based rally. The high ratio values show significant bullish dominance. This suggests continuation of the upward move with good momentum. ### Example 2: Weakening Market ``` | Market | Ratio | Trend | |--------|---------|-----------| | NYSE | 0.45 | ↘ -1.50 | | NASDAQ | 0.85 | → 0.30 | | Tick | 0.95 (105) | ↘ -0.02 | | TickQ | 1.20 (160) | → 0.00 | ``` **Interpretation**: The market is showing mixed signals with positive but low ratios, while NYSE and TICK trends are turning negative. NASDAQ shows neutral to slightly positive momentum. This divergence often occurs near market tops or during consolidation phases. Traders should be cautious and consider reducing position sizes. ### Example 3: Negative Market Turning Positive ``` | Market | Ratio | Trend | |--------|---------|-----------| | NYSE | -1.25 | ↗ 1.75 | | NASDAQ | -0.95 | ↗ 2.80 | | Tick | -1.35 (-250) | ↗ 0.04 | | TickQ | -1.10 (-180) | ↗ 0.02 | ``` **Interpretation**: This is a potential bottoming pattern. Current ratios are still negative (red) showing overall negative breadth, but the trends are all positive (green arrows), indicating improving momentum. This divergence often occurs at market bottoms and could signal an upcoming reversal. Look for confirmation with price action before establishing long positions. ### Example 4: Mixed Market with Divergence ``` | Market | Ratio | Trend | |--------|---------|-----------| | NYSE | 1.45 | ↘ -2.25 | | NASDAQ | -0.85 | ↘ -3.80 | | Tick | 1.20 (230) | ↘ -0.03 | | TickQ | -0.75 (-120) | ↘ -0.02 | ``` **Interpretation**: There's a significant divergence between NYSE (positive ratio) and NASDAQ (negative ratio), while all trends are negative. This suggests sector rotation or a market that's weakening but with certain segments still showing strength. Often seen during late-stage bull markets or in transitions between leadership groups. Consider reducing risk exposure and focusing on relative strength sectors. ## Practical Trading Applications 1. **Confirmation Tool**: Use this indicator to confirm price movements. Strong breadth readings in the direction of the price trend increase confidence in trade decisions. 2. **Early Warning System**: Watch for divergences between price and breadth metrics, which often precede market turns. 3. **Intraday Trading**: The real-time nature of TICK and volume data makes this indicator valuable for day traders to gauge intraday momentum shifts. 4. **Market Regime Identification**: Sustained readings can help identify whether the market is in a trend or chop regime, allowing for appropriate strategy selection. This breadth indicator is most effective when used in conjunction with price action and other technical indicators rather than in isolation.
Pine Script® indicator
by yelober
My script/@version=5 indicator("dvp - Engulfing Strategy", overlay=true) // Moving Averages sma1 = input.int(6,"Trend SMA") ema1 = input.int(3,"Engulf EMA") sma6 = ta.sma(close, sma1) ema3 = ta.ema(close, ema1) // Helper candles c3 = close < open // 3 days ago was a red candle c2 = close > open // 2 days ago was a green candle engulfed = (low < low ) and (high > high ) // bullish engulfing c0_bull = close > open // current candle is green close_above_c2high = close > high c3_below_sma6 = close < sma6 c0_above_ema3 = close > ema3 // Bullish Engulfing Conditions bullishSignal = c3 and c2 and engulfed and c0_bull and close_above_c2high and c3_below_sma6 and c0_above_ema3 // Plotting text for bullish engulfing plotshape(bullishSignal, title="Bullish Engulfing", location=location.belowbar, color=color.green, style=shape.labelup, text="BuE") // Optional: Bearish Engulfing Detection c3_bear = close > open // 3 days ago green c2_bear = close < open // 2 days ago red engulfed_bear = (high > high ) and (low < low ) c0_bear = close < open // current red close_below_c2low = close < low c3_above_sma6 = close > sma6 c0_below_ema3 = close < ema3 bearishSignal = c3_bear and c2_bear and engulfed_bear and c0_bear and close_below_c2low and c3_above_sma6 and c0_below_ema3 plotshape(bearishSignal, title="Bearish Engulfing", location=location.abovebar, color=color.red, style=shape.labeldown, text="BeU") // Plotting Moving Averages plot(sma6, color=color.orange, title="SMA 6") plot(ema3, color=color.blue, title="EMA 3") ```
Pine Script® indicator
by dharmeshparikh2
Linear Regression Forecast (ADX Adaptive)Linear Regression Forecast (ADX Adaptive) This indicator is a dynamic price projection tool that combines multiple linear regression forecasts into a single, adaptive forecast curve. By integrating trend strength via the ADX and directional bias, it aims to visualize how price might evolve in different market environments—from strong trends to mean-reverting conditions. Core Concept: This tool builds forward price projections based on a blend of linear regression models with varying lookback lengths (from 2 up to a user-defined max). It then adjusts those projections using two key mechanisms: ADX-Weighted Forecast Blending In trending conditions (high ADX), the model follows the raw forecast direction. In ranging markets (low ADX), the forecast flips or reverts, biasing toward mean-reversion. A logistic transformation of directional bias, controlled by a steepness parameter, determines how aggressively this blending reacts to price behavior. Volatility Scaling The forecast’s magnitude is scaled based on ADX and directional conviction. When trends are unclear (low ADX or neutral bias), the projection range expands to reflect greater uncertainty and volatility. How It Works: Regression Curve Generation For each regression length from 2 to maxLength, a forward projection is calculated using least-squares linear regression on the selected price source. These forecasts are extrapolated into the future. Directional Bias Calculation The forecasted points are analyzed to determine a normalized bias value in the range -1 to +1, where +1 means strongly bullish, -1 means strongly bearish, and 0 means neutral. Logistic Bias Transformation The raw bias is passed through a logistic sigmoid function, with a user-defined steepness. This creates a probability-like weight that favors either following or reversing the forecast depending on market context. ADX-Based Weighting ADX determines the weighting between trend-following and mean-reversion modes. Below ADX 20, the model favors mean-reversion. Above 25, it favors trend-following. Between 20 and 25, it linearly blends the two. Blended Forecast Curve Each forecast point is blended between trend-following and mean-reverting values, scaled for volatility. What You See: Forecast Lines: Projected future price paths drawn in green or red depending on direction. Bias Plot: A separate plot showing post-blend directional bias as a percentage, where +100 is strongly bullish and -100 is strongly bearish. Neutral Line: A dashed horizontal line at 0 percent bias to indicate neutrality. User Inputs: -Max Regression Length -Price Source -Line Width -Bias Steepness -ADX Length and Smoothing Use Cases: Visualize expected price direction under different trend conditions Adjust trading behavior depending on trending vs ranging markets Combine with other tools for deeper analysis Important Notes: This indicator is for visualization and analysis only. It does not provide buy or sell signals and should not be used in isolation. It makes assumptions based on historical price action and should be interpreted with market context.
Pine Script® indicator
by Tradenometry
Money MovementThe “Main Force Volume” indicator is designed to help traders quickly and easily capture the movements of the main force in the cryptocurrency market. In this market, prices are often influenced by human manipulation, and it can be difficult for traders to identify the movements of the main force. This indicator is designed to help traders recognize the main force’s movements and identify key areas of support and resistance. The indicator consists of two types of red columns: upward red columns and downward red columns. Upward red columns are used to determine the bottom area according to different cycles. When the market is in a downtrend, upward red columns may appear, indicating that the main force has begun to intervene and that a bottom area may be forming. The longer the upward red columns, the more solid the bottom area may be. Downward red columns, on the other hand, are used to judge the top area according to different cycles. When the market is in an uptrend, downward red columns may appear, representing selling pressure from the main force. As the downward red columns gradually exhaust their volume, a relative top area may be forming. This indicates that the main force has sold almost all of its holdings and that there may be no further upward momentum. To use the indicator, traders should look for patterns of upward and downward red columns on the chart. When upward red columns appear, traders should look for a longer-term trend reversal and consider buying opportunities. When downward red columns appear, traders should look for a potential top and consider selling opportunities. It is important to note that this indicator is just one tool among many for technical analysis, and traders should use it in conjunction with other tools and their own analysis to make their own buy or sell decisions. The purpose of this description is to help users understand the indicator’s functionality and how to use it. If you have any questions, please refer to TradingView’s community rules or contact TradingView customer service.
Pine Script® indicator
by dabaiketang
MTF Pivot Fib Speed Resistance FansOverview This Pine Script indicator, titled "MTF Pivot Fib Speed Resistance Fans", is a multi-timeframe tool that automatically plots Fib Speed Resistance Fan lines based on pivot structures derived from higher timeframes. It mirrors the functionality of TradingView’s built-in “Fib Speed Resistance Fan” drawing tool, but in a dynamic, programmatic way. It uses pivot highs and lows to anchor fan projections, drawing forward-facing trend lines that align with well-known Fibonacci ratios and their extensions. Pivot Detection Logic The script identifies pivots by comparing the current bar’s high and low against the highest and lowest prices over a user-defined pivot period. This pivot detection occurs on a higher timeframe of your choice, giving a broader and more strategic view of price structure. The script tracks direction changes in the pivot trend and stores only the most recent few pivots to maintain clean and meaningful fan drawings. Fan Direction Control The user can select whether to draw fans for "Buys", "Sells", or "Both". The script only draws fan lines when a new directional move is detected based on the pivot structure and the selected bias. For example, in “Buys” mode, a rising pivot followed by another higher low will trigger upward fan projections. Fib Speed Resistance Levels Once two pivots are identified, the script draws multiple fan lines from the first pivot outward, at angles defined by a preset list of Fibonacci levels. These fan lines help visualize speed and strength of a price move. The script also draws a horizontal line from the pivot for additional confluence at the base level (1.0). Price Level Plotting In addition to drawing fan lines, the indicator also plots their price levels on the right-hand price scale. This makes it easier for users to visually reference the projected support and resistance levels without needing to trace the lines manually across the chart. Mapping to TradingView’s "Fib Speed Resistance Fan" The expanded set of values used in this script is not arbitrary—they closely align with the default and extended levels available in TradingView's built-in "Fib Speed Resistance Fan" tool. TradingView’s Fib Fan tool offers several levels by default, including traditional Fibonacci ratios like 0.382, 0.5, 0.618, and 1. However, if you right-click the tool and open its settings, you’ll find additional toggles for levels like 1.618, 2.000, 2.618, and even 4.000. These deeper levels are used to project stronger trend continuations beyond the standard retracement zones. The inclusion of levels such as 0.25, 0.75, and 1.34 reflects configurations that are available when you manually add or customize levels in TradingView’s fan tool. While 1.34 is not a canonical Fibonacci ratio, it is often found in hybrid Gann/Fib methods and is included in some preset templates in TradingView’s drawing tool for advanced users. By incorporating these levels directly into the Pine Script, the indicator faithfully reproduces the fan structure users would manually draw using TradingView’s graphical Fib Fan tool—but does so programmatically, dynamically, and with multi-timeframe control. This eliminates manual errors, allows for responsive updating, and adds custom visual tracking via the price scale. These values are standardized within the context of TradingView's Fib Fan tool and not made up. This script automates what the manual drawing tool achieves, with added precision and flexibility.
Pine Script® indicator
by gggoaaat
1
RSI Divergence StrategyOverview The RSI Divergence Strategy Indicator is a trading tool that uses the RSI and divergences created to generate high-probability buy and sell signals. I have provided the best formula of numbers to use for BTC on a 30 minute timeframe. You can change where on RSI you enter and exit both long or short trades. This way you can experiment on different tokens using different entry/exit points. Can use on multiple timeframes. This strategy is designed to open and close long or short trades based on the levels you provide it. You can then check on the RSI where the best levels are for each token you want to trade and amend it as required to generate a profitable strategy. How It Works The RSI Divergence Strategy Indicator uses bear and bull divergences in conjuction with a level you have input on the RSI. RSI for Overbought/Oversold: • Input variables for entry and exit levels and when the entry levels combine with a bear or bull divergence signal, a trade is alerted. RSI Divergence: • Buy and sell signals are confirmed when the RSI creates bearish or bullish divergences and these divergences are in the same area as your levels you input for entry to short or long. After 7 years of experience and testing I have calculated the exact numbers required and produced a formula to calculate the exact input variables for a 30 minute Bitcoin chart. Key Features 1️⃣ Divergence Identification – Ensures trades are taken only when a bull or bear divergence has formed. 2️⃣ Overbought/Oversold Input Filtering – Set up your own variables on the RSI for different markets after identifying patterns on the RSI in relation to a bearish or bullish divergence. 3️⃣ Works on any chart – Suitable for all markets and timeframes once you input the correct variables for entry and exit levels. How to Use 🟢 Basic Trading: • Use on any timeframe. • Enter trade only when alert has fired off. Close when it says to exit. • Change entry and exit levels in the properties of the strategy indicator. • Make entry and exit levels coincide with bearish or bullish divergences on the RSI. Check the strategy tester to see backtesting so you know if the indicator is profitable or not for that market and timeframe as each crypto token is different and so is the timeframe you choose. 📢 Webhook Automation: • Set up TradingView Alerts to auto-execute trades via Webhook-compatible platforms. Key additions for divergence visualization: Divergence Arrows: Bullish divergence: Green label with white 'bull ' text Bearish divergence: Red label with white 'bear' text Positioned at the pivot point Divergence Lines: Connects consecutive RSI pivot points Automatically drawn between consecutive pivot points Enhanced RSI Coloring: Overbought zone: Red Oversold zone: Green Neutral zone: Gray The visualization helps you instantly spot: Where divergences are forming on the RSI The pattern of higher lows (bullish) or lower highs (bearish) Contextual coloring of RSI relative to standard levels All divergence markers appear at the correct historical pivot points, making it easy to visually confirm divergence patterns as they develop. Strategy levels and background zones also shown to help visual look. Why This Combination? This indicator is just a simple RSI tool. It is designed to filter out weak trades and only execute trades that have: ✅ RSI Divergence ✅ Overbought or Oversold Conditions It does not calculate downtrends or bear markets so care is recommended taking long trades during these times. Why It’s Worth Using? 📈 Open Source – Free to use and learn from. 📉 Long or Short Term Trading Style – Entry/Exit parameters options are designed for both short or long term trades allowing you to experiment until you find a profitable strategy for that market you want to trade. 📢 Seamless Webhook Automation – Execute trades automatically with TradingView alerts. 💲 Ready to trade smarter? ✅ Add the RSI Divergence Strategy Indicator to your TradingView chart.
Pine Script® strategy
by Pro_Trader_HTBB
Sri_Auto Fibonacci Sri_Auto Fibonacci is an advanced and original implementation of an automatic Fibonacci retracement plotting tool that uses price action pivots and volatility to dynamically draw key Fibonacci levels. Unlike static manual fib drawing, this tool automates the process by reacting to market structure using pivot detection logic and ATR-based deviation confirmation. 📐 What It Does Detects major high/low pivot swings on a user-selected higher timeframe (default: Daily). Uses ATR-based deviation threshold to avoid minor or noisy swings. Automatically plots Fibonacci retracement levels (0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0). Displays a dashed line connecting the two pivot points. Draws horizontal lines and labels at each selected level. Shows a status label if valid pivots are not yet found. ⚙️ User Inputs Deviation % Multiplier: Adjusts the sensitivity based on ATR% to ignore small fluctuations. Pivot Depth: Controls how many bars before/after a point are used to confirm a pivot. Extend Lines Left/Right: Allows you to keep the levels visible into past/future bars. Color Customization: Choose custom colors for each level. Select Which Levels to Show: Toggle levels like 0.382 or 0.786 on/off based on preference. 🧠 How It Works Pivot Detection A price is considered a valid high/low pivot if it is the highest/lowest point within a lookback window (depth). Deviation Filter To avoid false pivots, the script calculates the % deviation between the new pivot and the last one using ATR/Close. Only when this exceeds a user-defined threshold, the new pivot is accepted. Fibonacci Calculation Once a valid new pivot is confirmed, the script draws levels between the latest two swings using the standard Fibonacci ratios. ✅ Key Features Non-repainting logic for confirmed pivots Works across all symbols and asset classes Fully customizable and extendable Clean, lightweight, and script-efficient Built with Pine Script v5 standards Uses request.security() to ensure pivot detection from the selected HTF No proprietary or obfuscated code 📊 Best Use Cases Identifying key retracement zones during pullbacks Confirming support/resistance with fib confluence Planning entries/exits around dynamic fib areas Works well in swing trading setups 📌 Important Notes This tool does not repaint once pivot structure is confirmed. Designed as a support tool, not a signal generator. Can be combined with RSI, MACD, volume, or price action for better confirmation. 📜 Disclaimer This script is developed independently and shared publicly for educational and analytical use only. It is not intended to copy or infringe upon any commercial tool or proprietary indicator. Use at your own discretion. No investment advice is implied. 📧 For feedback or suggestions, feel free to connect through TradingView profile messages. 💡 Happy Trading!
Pine Script® indicator
by venkat_27
5
Golden Crossover Momentum Check📊 Golden Cross Momentum Screener — Summary 🔍 What It Does This indicator identifies Golden Cross events — where the 50 EMA crosses above the 200 EMA, signaling a potential long-term trend reversal — and evaluates the momentum strength to help determine whether price is likely to: Surge immediately (Group B), or Retrace first (Group A) It uses 5 momentum-confirming conditions to score the quality of the breakout and display a single label on the chart with a classification. ✅ Momentum Conditions Validated RSI > 60 and rising – Indicates bullish buying pressure MACD Histogram > 0 and rising – Confirms increasing momentum Volume > 2× 20-day average – Validates participation on the breakout ADX > 25 – Measures trend strength Price is >5% above 200 EMA – Confirms price extension above long-term trend Each passing condition adds 1 point to the momentum score (0–5). 📈 How to Use Watch for a Golden Cross signal (triangle appears below candle) If momentum score ≥ 4, the script labels the setup as: "🚀 Surge Likely (Group B)" — consider immediate breakout entries If score is 2–3, labeled: "🔄 Pullback Likely (Group A)" — expect retest/consolidation before continuation If score < 2, labeled: "❌ No Momentum Confirmed" — avoid or wait for confirmation
Pine Script® indicator
by AlgoNostra