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Flux Capacitor (FC)# Flux Capacitor **A volume-weighted, outlier-resistant momentum oscillator designed to expose hidden directional pressure from institutional participants.** --- ### Why "Flux Capacitor"? The name pays homage to the fictional energy core in *Back to the Future* — an invisible engine that powers movement. Similarly, this indicator detects whether price movement is being powered by real market participation (volume) or if it's coasting without conviction. --- ### Methodology The Flux Capacitor fuses three statistical layers: - **Normalized Momentum**: `(Close – Open) / ATR` Controls for raw price size and volatility. - **Volume Scaling**: Amplifies the effect of price moves that occur with elevated volume. - **Robust Normalization**: - *Winsorization* caps outlier spikes. - *MAD-Z scoring* normalizes the signal across assets (crypto, futures, stocks). - This produces consistent scaling across timeframes and symbols. The result is a smooth oscillator that reliably indicates **liquidity-backed momentum** — not just price movement. --- ### Signal Events - **Divergence (D)**: Price makes higher highs or lower lows, but Flux does not. - **Absorption (A)**: Candle shows high volume and small body, while Flux opposes the candle direction — indicates smart money stepping in. - **Compression (◆)**: High volume with low momentum — potential breakout zone. - **Zero-Cross**: Indicates directional regime flip. - **Flux Acceleration**: Histogram shows pressure rate of change. - **Regime Background**: Color fades with weakening trend conviction. All signals are color-coded and visually compact for easy pattern recognition. --- ### Interpreting Divergence & Absorption Correctly Signal strength improves significantly when it appears **in the correct zone**: #### Divergence: | Signal | Zone | Meaning | Strength | |--------|------------|------------------------------------------|--------------| | Green D | Below 0 | Bullish reversal forming in weakness | **Strong** | | Green D | Above 0 | Bullish, but less convincing | Moderate | | Red D | Above 0 | Bearish reversal forming in strength | **Strong** | | Red D | Below 0 | Bearish continuation — low warning value | Weak | #### Absorption: | Signal | Zone | Meaning | Strength | |--------|------------|-----------------------------------------|--------------| | Green A | Below 0 | Buyers absorbing panic-selling | **Strong** | | Green A | Above 0 | Support continuation | Moderate | | Red A | Above 0 | Sellers absorbing FOMO buying | **Strong** | | Red A | Below 0 | Trend continuation — not actionable | Weak | Look for **absorption or divergence signals in “enemy territory”** for the most actionable entries. --- ### Reducing Visual Footprint If your chart shows a long line of numbers across the top of the Flux Capacitor pane (e.g. "FC 14 20 9 ... Bottom Right"), it’s due to TradingView’s *status line input display*. **To fix this**: Right-click the indicator pane → **Settings** → **Status Line** tab → uncheck “Show Indicator Arguments”. This frees up vertical space so top-edge signals (like red `D` or yellow `◆`) remain visible and unobstructed. --- ### Features - Original MAD-Z based momentum design - True volume-based divergence and absorption logic - Built-in alerts for all signal types - Works across timeframes (1-min to weekly) - Minimalist, responsive layout - 25+ customizable parameters - No future leaks, no repainting --- ### Usage Scenarios - **Trend confirmation**: Flux > 0 confirms bullish trend strength - **Reversal detection**: Divergence or absorption in opposite territory = high-probability reversal - **Breakout anticipation**: Compression signal inside range often precedes directional move - **Momentum shifts**: Watch for zero-crosses + flux acceleration spikes --- ### ⚠ Visual Note for BTC, ETH, Crude Oil & Futures These high-priced or rapidly accelerating instruments can visually compress any linear oscillator. You may notice the Flux Capacitor’s line appears "flat" or muted on these assets — especially over long lookbacks. > **This does not affect signal validity.** Divergence, absorption, and compression triggers still fire based on underlying logic — only the line’s amplitude appears reduced due to scaling constraints. --- ### Disclaimer This indicator is for educational purposes only. It is not trading advice. Past results do not guarantee future performance. Use in combination with your own risk management and analysis.
Pine Script® indicator
by Finntech1
10 Moving AveragesThis indicator arises from the need to visualize in the same chart several moving averages of different types and time periods. In this case, the indicator includes 10 slots for moving averages of different types, including all those available in PineScript Version 6: Simple Moving Average (SMA), Exponential Moving Average (EMA), Weighted Moving Average (WMA), Hull Moving Average (HMA), Relative Moving Average (RMA), Symmetrically-Weighted Moving Average (SWMA), Arnaud Legoux Moving Average (ALMA), Volume-Weighted Moving Average (VWMA) and Volume-Weighted Average Price (VWAP). The indicator is particularly useful, especially and specifically, to be able to visualize moving averages of different types and timeframes on the same chart, so it should not be used indiscriminately, but rather as a useful tool to identify trends with different moving averages, so that the management of orders is as simple as possible, since it is also possible to choose how many averages the user wants to observe on his chart, from none to 10 spaces.
Pine Script® indicator
by Al-Juarismi-Lab
Inside/Multiple Inside Bars Detector by Yasser R.01Multiple Inside Bars Trading System Detects multiple inside bar patterns with visual alerts, breakout signals, and risk management levels (1:2 RR ratio). Identifies high-probability trading setups. This indicator scans for consecutive inside bar patterns (2+ bars forming within a 'mother bar'), which often precede strong breakouts. When detected, it: 1. Draws clear reference lines showing the mother bar's high/low 2. Alerts when price breaks either level 3. Automatically calculates 1:2 risk-reward stop loss and take profit levels 4. Displays entry points with trade details Ideal for swing traders, the system helps identify consolidation periods before potential trend continuations. Works best on 4H/Daily timeframes. #InsideBars #BreakoutTrading #RiskManagement #SwingTrading #PriceAction Professional-grade inside bar detector that: ✅ Identifies single AND multiple inside bar setups ✅ Provides clean visual references (lines/labels) ✅ Generates breakout signals with calculated RR levels ✅ Self-cleaning - removes old setups automatically Use alongside trend analysis for best results. Customizable in Settings.
Pine Script® indicator
by YWMAAAWorld
1
Inside/Multiple Inside Bars Detector by Yasser R.01Multiple Inside Bars Trading System Detects multiple inside bar patterns with visual alerts, breakout signals, and risk management levels (1:2 RR ratio). Identifies high-probability trading setups. This indicator scans for consecutive inside bar patterns (2+ bars forming within a 'mother bar'), which often precede strong breakouts. When detected, it: 1. Draws clear reference lines showing the mother bar's high/low 2. Alerts when price breaks either level 3. Automatically calculates 1:2 risk-reward stop loss and take profit levels 4. Displays entry points with trade details Ideal for swing traders, the system helps identify consolidation periods before potential trend continuations. Works best on 4H/Daily timeframes. #InsideBars #BreakoutTrading #RiskManagement #SwingTrading #PriceAction Professional-grade inside bar detector that: ✅ Identifies single AND multiple inside bar setups ✅ Provides clean visual references (lines/labels) ✅ Generates breakout signals with calculated RR levels ✅ Self-cleaning - removes old setups automatically Use alongside trend analysis for best results. Customizable in Settings.
Pine Script® indicator
by YWMAAAWorld
Daily Open Color CandleDaily Open Color Candle – Visual Price Bias Indicator This script highlights candlesticks based on their position relative to the current day's opening price. It's a minimalistic tool designed to help intraday traders quickly understand whether price is trading above or below the daily open level. What it does: Draws a horizontal line at the daily open price. Colors candles green if the close is above the daily open, and red if below. Why it's useful: Provides immediate visual feedback for bias: bullish (above open) or bearish (below open). Ideal for intraday traders who base decisions on daily open reference levels. Unique elements: Lightweight and non-intrusive design. Line automatically resets with each new trading day. Candles are visually categorized without cluttering the chart. Best used for: Intraday momentum analysis. Bias confirmation for scalping/day trading strategies. Overlay with other indicators like VWAP, EMA, etc. Parameters: No configurable inputs — this is a plug-and-play script.
Pine Script® indicator
by Aleksin_Aleksandar
QQE On ChartQQE On Chart – Visual QQE Crossover Indicator This indicator implements the Quantitative Qualitative Estimation (QQE) algorithm directly on the price chart. Unlike traditional QQE implementations that are plotted as a separate oscillator, this version maps QQE Fast and QQE Slow signals as visual lines near the price action, allowing for cleaner and faster signal interpretation. What it does: Calculates smoothed RSI (using EMA) and its volatility (ATR of RSI changes). Constructs upper and lower bands (QQE Slow) based on the smoothed QQE Fast line and dynamic ATR. Displays BUY/SELL signals when the QQE Fast line crosses the QQE Slow band. Signals are plotted as labels directly below/above the candles. Why it's useful: The proximity to price makes this QQE implementation very intuitive for price-action traders. The smoothing and crossover logic help identify shifts in momentum and trend continuation. Unique elements: Overlay on chart with dynamic offset for better readability. Built-in alerts for real-time trading reaction. Optional signal markers can be enabled or disabled. Best used for: Momentum trading Trend confirmation Identifying reversal or breakout zones Parameters: RSI Length: Base RSI calculation period Smoothing Factor: EMA applied to RSI Offset from Price: Controls distance of QQE lines from price
Pine Script® indicator
by Aleksin_Aleksandar
2
[TupTrader] Multi-Timeframe Key Levels | Smart Candle Zones **Multi-Timeframe Key Levels | Smart Candle Zones** Unlock the power of smart price levels with Multi-Timeframe Key Levels – a precision tool for traders who rely on higher timeframe structure. 🧠 This indicator automatically plots the key levels (Open, High, Low, Close) and optional body/fibonacci levels of the *previous candle* from two customizable higher timeframes, directly onto your lower timeframe chart. 💡 Recommended settings: - 4H + Daily on 5-Minute Chart - 8H + 1H on 1-Minute Chart 📈 Ideal for: - Scalping around structure levels - Day trading with HTF context - Confirmation of breakout, retest, or rejection patterns ✅ Features: - Dual reference timeframes - Auto-adjusting line lengths - Live price labels (e.g. H: 4321.50) - Choice between body or Fibonacci zones - Candle box visualization of HTF structure 🚨 Alerts: - Alert when price touches any HTF key level Lightweight and customizable, this tool is a must-have for intraday and structure-based traders.
Pine Script® indicator
by TupTrader
10
HOG QQE StackHOG QQE Stack – Advanced Momentum + Volatility “Stack” 🧠 Overview HOG QQE Stack enhances classic QQE (a smoothed RSI variant) by layering multiple signal validation components: momentum, volatility, color gradient, and volume confirmation. This “stacked” structure produces clearer, more reliable signals than using RSI or QQE alone. 📊 Key Features 1. **Smoothed RSI Core** Starts from a twice-smoothed RSI base (similar to QQE), reducing noise for cleaner trend detection. :contentReference {index=1} 2. **Fast & Slow Momentum Lines** Generates dual lines for momentum crossovers—more precise than single-oscillator readings. :contentReference {index=2} 3. **ATR Volatility Filter** Adds volatility-based bands around the fast line, helping filter out weak moves and false signals. :contentReference {index=3} 4. **Volume‑Validated Pulse Dots** Pulse dots indicate when strong momentum aligns with volume spikes near overbought/oversold zones—highlighting high-confidence moves. 5. **Gradient Color Line** The QQE line dynamically colors itself based on its position between OB/OS levels—intuitive and visually insightful. 6. **OB/OS & Midline Context** Includes fixed 70/50/30 reference lines for quick momentum benchmarking. 7. **Layered Signal Strength** By stacking momentum, volatility, gradient, and volume, the indicator provides multi-tiered confirmation—hence the “Stack” name. 8. **Repaint-Safe & Minimalist** Plots only confirmed data—no repainting. The visuals are clean and easy to read. 🎯 Application - Monitor fast/slow momentum crossovers *within* the volatility band for confirmed trend shifts. - Use pulse dots to confirm strong movement backed by volume. - Ideal for 4H/Daily charts, especially when used with HOG Super Trend or Liquidity Hunter. - OB/OS levels (70/50/30) serve as guides for potential reversals or continuations. ⚙️ Inputs - RSI Length - QQE Smooth Factor - WAE Length & Multiplier - Overbought & Oversold Levels (default 70/30) ⚠️ Notes - Designed as a **confirmation stack**, not a standalone strategy. - No repainting—uses confirmed bar values only. - Fully original code—no copying. - No guarantees of performance—use proper risk management.
Pine Script® indicator
by Houseofgain
1
ATR-Multiple from 50SMAThis indicator provides a nuanced view of price extension by calculating the distance between the current price and its 50-period Simple Moving Average. This distance is not measured in simple percentage terms but is quantified in multiples of the Average True Range (ATR), offering a volatility-adjusted perspective on how far an asset has moved from its mean. The primary goal is to help traders identify potentially overextended conditions, which can often precede price consolidation or reversals. As a general guideline, when an asset's price stretches to multiples of 7 ATRs or more above its 50-day SMA, it often enters a zone where significant profit-taking may occur. By visualizing this extension, the indicator can serve as a powerful tool for gauging when to consider taking profits on existing long positions. Furthermore, it can act as a cautionary signal, helping traders avoid initiating new long positions in assets that are already significantly stretched and may be poised for a pullback. Features Volatility-Adjusted Extension Measures the distance from the 50 SMA in terms of ATR multiples, providing a more standardized way to compare extension across different assets and time periods. Daily Timeframe Consistency By default, the indicator uses the daily SMA and ATR for its calculations, regardless of the chart's current timeframe. This ensures a consistent and meaningful measure of extension rooted in the daily trend. Histogram Visualization Displays the result as a clear histogram in a separate pane, making it easy to track the extension level over time and identify historical extremes. Dynamic Color-Coding The histogram bars are color-coded to visually highlight different levels of extension. The colors shift as the price moves further from the mean, providing an intuitive at-a-glance reading. Key Threshold Markers Includes pre-set horizontal lines at the 7 and 10 ATR multiples to clearly mark the zones of potential profit-taking and extreme extension, respectively. Built-in Alerts Comes with configurable alert conditions that can notify you when the price reaches the "profit-taking" threshold (7 ATRs) or the "extreme extension" threshold (10 ATRs). Customization Options MA & ATR Periods You can adjust the length for the Simple Moving Average (default 50) and the Average True Range (default 14) to suit your specific analytical needs. Timeframe Source A toggle allows you to switch between always calculating using daily data (the default and recommended setting) or using the data from the current chart's timeframe. Color Display Style You can choose between a smooth color gradient that transitions elegantly with the extension level or a distinct, step-based color display for a clearer visual separation of the defined zones. Full Color Scheme Control Every visual element is fully customizable. You can change the colors for the regular extension, the "get ready," "profit-taking," and "extreme" levels, as well as the horizontal reference lines.
Pine Script® indicator
by shftd
Dual-Timeframe EMA (Auto + Input Override)hi friends so how to use this indiactor two types of enteries 1.class buy the dip consider bullish eg when you get red signal, wait for a green signal to come after this soon thats a long signal prerequisite is weekly should have shown green signal(for bullish) just switch to weekly and it will change the setting automatically for you stop loss below the recent low 2.aggresive entry bullish eg where whenever price shows red entry, you consider this as a fake signal and go long immediately - I prefer this for very strong trends but not my type since it becomes very tough to keep a proper stop loss prerequisite weekly should be green
Pine Script® indicator
by Shrillex17
HOG Super Trend🔍 HOG Super Trend – Dual‑EMA Trend Confidence 🧠 Overview Combines two EMAs—Base EMA and Confirmation EMA—to highlight strong trend alignment. Filters trades with price, EMA cross, and slope direction logic. ⚙️ How It Works • Base EMA (default 34) and Confirmation EMA (default 13) • Trend flagged only when:  – Price is above/below Base EMA  – Confirmation EMA aligns above/below Base EMA  – Both EMAs are sloping in the same direction • Colors: Aqua = Bull trend, Red = Bear trend 🎯 Inputs • Source (price) • Base EMA Length • Confirmation EMA Length ✅ Benefits • Clean trend filter based on alignment and momentum • No gray—sharp visuals with clear direction cues • Repaint‑safe—uses confirmed bar data only 📈 Use Cases • Perfect for trend confirmation on 1H, 4H, or Daily charts • Use with price action, volume, or structure for precise entries ⚠️ Notes • Not a standalone signal, but a trend confirmation tool • No performance guarantees—test with your strategy
Pine Script® indicator
by Houseofgain
HOG Liquidity HunterHOG Liquidity Hunter – Pivot‑Based Liquidity Zones 📌 Overview Plots dynamic support and resistance zones on swing pivots with an ATR‑based buffer. Anchored only when pivots are confirmed, the zones stay close to current price levels—ideal for spotting liquidity runs or traps. 🔧 How It Works Detects swing highs and lows using ta.pivothigh() / ta.pivotlow() with a user‑defined lookback. After a pivot is confirmed, calculates BSL/SSL zone = pivot ± (ATR * margin). Zones update only on confirmed pivots—no repainting on open bars. ⚙️ Inputs Lookback: bars to confirm pivots (e.g. 10–20). ATR Margin Multiplier: buffer width (e.g. 1.25). ✅ Benefits Structure‑focused: Zones align with real swing points. Responsive yet stable: Tight ATR margin keeps zones precise, only updating on valid pivots. Clean visuals: Two uncluttered zones—easy to interpret. 🛠 How to Use Detect near‑zone bounce entries or exits on 4H/1D charts. Combine with trend or volume indicators for stronger setups. Use zones to identify potential stop‑run, liquidity re‑tests, or range turns. ⚠️ Notes & Disclaimers Zones base off historical pivots; may lag until confirmed. No future-looking data—relying entirely on closing bar confirmation. Use alongside a complete trading framework; this is not a standalone signal.
Pine Script® indicator
by Houseofgain
5
SMA/EMA Trade Signal# SMA/EMA Trade Signal - Detailed Guide ## Indicator Overview This indicator is a comprehensive trade signal detection system based on moving averages (SMA/EMA). It combines multi-timeframe moving average analysis, RSI filtering, trend strength assessment, and volume analysis to identify highly accurate entry points. ## Key Features ### 1. Multi-Timeframe Moving Average Display * **Supported Timeframes**: 5m, 15m, 30m, 1H, 4H, Daily * **MA Types**: SMA (Simple Moving Average) or EMA (Exponential Moving Average) * **Period Settings**: Short MA (default 20), Long MA (default 200) * **Visual Display**: Displayed with varying opacity lines per timeframe ### 2. Four Entry Signal Patterns #### Buy Signals 1. **Breakout above 200MA**: Price breaks above the 200MA during an uptrend 2. **Rebound from 200MA**: Price pulls back to 200MA and rebounds in an uptrend 3. **Break above 20MA (above 200MA)**: 20MA breakout while above the 200MA 4. **Rebound from 20MA (above 200MA)**: Confirmed rebound from 20MA above 200MA (confirmed twice or more) #### Sell Signals 1. **Breakdown below 200MA**: Price breaks below 200MA during a downtrend 2. **Rejection from 200MA**: Price rises to 200MA and falls back in a downtrend 3. **Break below 20MA (below 200MA)**: 20MA breakout to downside while under the 200MA 4. **Rejection from 20MA (below 200MA)**: Confirmed rejection from 20MA under 200MA (confirmed twice or more) ### 3. Advanced Filtering System #### RSI Filter * **Buy Signals**: Triggered when RSI is below 70 * **Sell Signals**: Triggered when RSI is above 30 * **Purpose**: Avoid entries in overheated markets #### Distance Filter * **Short MA Distance**: Within 2% of the 20MA * **Long MA Distance**: Within 5% of the 200MA * **200MA Proximity Filter**: Avoid entries when 200MA from other timeframes is too close #### Trend Strength Filter Trend strength is evaluated using the following 6 elements: 1. **Volume Surge**: 1.5x or more of the average volume 2. **Strong Candlestick**: Body is over 70% of the total range 3. **Consecutive Candles**: Two or more in the same direction 4. **High/Low Breakout**: Breaks 20-period high/low 5. **Engulfing Pattern** 6. **Range Breakout**: Breaks range with volume ### 4. Info Panel Display Real-time display in the upper right panel: * **Trend Status**: Uptrend / Downtrend / Range * **Momentum**: Relationship between EMA15 and MA20 * **MA Bounce Count**: Long/short bounce count * **MA Distance**: Degree of separation from MAs * **Trend Strength Score**: Displayed as a score from 1 to 6 * **Distance to 200MA**: Nearest 200MA in pips * **Filter Status**: Status of each filter (pass/fail) ## Parameter Details ### Display Settings * **Show Current Timeframe MA** * **Show \ MA**: Toggle for each timeframe * **Show Trend Patterns**: Display trend pattern marks * **Show Volume Surge Background**: Highlight background during volume spikes ### MA Period Settings * **Short/Long MA Periods** * **MA Type**: Choose between SMA or EMA * **Timeframe-Specific Settings**: Set individually per timeframe ### Filter Settings * **RSI Settings**: RSI period, overbought/oversold levels * **Distance Filter**: Max allowable MA distance * **Touch Detection**: Margin for MA touch judgment * **Trend Strength**: Min score, volume multiplier, etc. ## How to Use ### 1. Basic Setup 1. Apply the indicator to the chart 2. Adjust MA periods according to the currency pair 3. Select desired timeframes 4. Set filter strength based on risk tolerance ### 2. Reading the Signals #### Regular vs Strong Signals * **Green Triangle (BUY)**: Regular buy signal * **Lime Triangle (STRONG BUY)**: Buy signal with strong trend * **Red Triangle (SELL)**: Regular sell signal * **Orange Triangle (STRONG SELL)**: Sell signal with strong trend #### Additional Markings * **Small Circles**: Engulfing patterns * **Arrows**: High/low breakouts * **Yellow Background**: Volume surge ### 3. Entry Strategy #### Recommended Entry Conditions 1. **Signal Triggered**: BUY or SELL signal appears 2. **Filter Confirmation**: Info panel shows "OK" status 3. **Trend Strength**: Score of 2 or higher (3+ for strong signals) 4. **Multi-Timeframe Alignment**: MAs from multiple timeframes point in same direction #### Situations to Avoid * Filter status shows “Distance NG”, “RSI NG”, etc. * Trend strength score is 1 or lower * Just before major economic events * Around market open/close times ### 4. Risk Management #### Stop Loss Setup * **Buy**: Below recent low or support * **Sell**: Above recent high or resistance * **MA Reference**: Cut loss clearly below 200MA #### Position Sizing * Strong signals: Slightly larger positions * Regular signals: Standard size * Weak filter status: Smaller positions ## Optimization Tips ### Parameter Tuning 1. **Run Backtests**: Evaluate historical performance 2. **Adapt to Timeframe**: Adjust MA period to match trading timeframe 3. **Pair-Specific Tweaks**: Calibrate filters based on volatility 4. **Adapt to Market Conditions**: Change settings for trend vs range markets ### Combined Usage * **Other Indicators**: Fibonacci, Support/Resistance * **Fundamental Analysis**: Economic events, central bank policies * **Time-of-Day Analysis**: Consider characteristics of Asian, EU, US sessions ## Important Notes 1. **Past results don’t guarantee future performance**: Don't rely solely on backtests 2. **Changing Market Conditions**: Effectiveness varies in trending vs ranging markets 3. **News Impact**: Technical setups can be invalidated by major announcements 4. **Leverage Risk**: Use high leverage cautiously 5. **Regular Review**: Periodically review parameters and performance Although this indicator is a comprehensive analysis tool, final trading decisions should be made by taking multiple factors into account.
Pine Script® indicator
by jajamik
True Hour Open🧠 Why Count an Hour from 30th Minute to 30th Minute? ✅ Traditional Hour vs. Functional Hour Traditional Time Logic: We’re used to viewing time in clean hourly chunks: 12:00 to 1:00, 1:00 to 2:00, and so on. This structure is fine for general purposes like clocks, meetings, and schedules. Market Logic: Markets, however, don’t always respect these arbitrary human-made time divisions. Price action often develops momentum, structure, and transitions based on market participants' behavior, not on the clock. 🛠 What the Indicator Does Marks the start of each hour at the 30th minute past the hour (e.g., 1:30, 2:30, 3:30). Can highlight or segment candles that fall within a “30-to-30” hourly window. Optionally draws background shading, lines, or boxes to visually group candles from one 30-minute mark to the next. This helps you: Visually align your trading with more accurate price behavior windows. Anchor time blocks around actual market rhythm, not artificial time slots. Backtest and strategize based on how candles behave in these alternative hourly segments. 📈 Summary Trading is about timing. But great trading is about timing that makes sense. By redefining the hour from 30 to 30, you’re not changing time—you’re aligning with how price moves in time.
Pine Script® indicator
by veztiano
Range Trading Entry Signals (Trend Considered)# Range Market Entry Signal Indicator Guide ## Overview This indicator is a custom TradingView indicator designed to identify effective entry points in range-bound (sideways) markets. It primarily uses RSI (Relative Strength Index) and visually displays range upper and lower bounds to provide counter-trend trading opportunities. ## Key Features ### 1. Range Identification Function - **Range Upper/Lower Lines**: Automatically identifies ranges based on the highest and lowest values over a specified period (default 50 periods) - **70% Line Display**: Shows positions at 30% from the top and bottom of the range, providing more precise entry points ### 2. RSI-Based Signal Generation - **Buy Signal**: Triggered when RSI reverses after falling below the oversold line (default 30) - **Sell Signal**: Triggered when RSI reverses after rising above the overbought line (default 80) ### 3. Moving Average Filter (Optional) - Uses 20-period simple moving average as an auxiliary indicator - Filtering function that considers trend direction ### 4. Information Display Table - Current RSI value - Range upper and lower bound values - Moving average value - Supports real-time market condition assessment ## Configuration Parameters | Parameter | Default Value | Description | |-----------|---------------|-------------| | RSI Period | 14 | Period used for RSI calculation | | RSI Oversold Line | 30 | Threshold for buy signals | | RSI Overbought Line | 80 | Threshold for sell signals | | Moving Average Period | 20 | Period for auxiliary moving average | | Range Detection Period | 50 | Period for calculating range upper/lower bounds | | Use Moving Average Filter | True | Enable/disable moving average filter | ## Entry Strategies and Usage Examples ### Basic Entry Methods #### 🟢 Buy Entry **Conditions**: - RSI recovers above 31 after falling below 30 - (Optional) Current price is above the 20-period moving average **Example**: ``` 1. Price moves near the range lower bound 2. RSI drops to 28 3. Next candle shows RSI rising to 32 → Buy signal generated 4. Enter near the range lower 70% line ``` #### 🔴 Sell Entry **Conditions**: - RSI falls below 79 after rising above 80 - (Optional) Current price is below the 20-period moving average **Example**: ``` 1. Price moves near the range upper bound 2. RSI rises to 82 3. Next candle shows RSI falling to 78 → Sell signal generated 4. Enter near the range upper 70% line ``` ### Profit-Taking Strategies #### Pattern 1: Take Profit at Opposite Range Side - **Long Positions**: Take profit at range upper bound or upper 70% line - **Short Positions**: Take profit at range lower bound or lower 70% line #### Pattern 2: Take Profit on RSI Reversal - **Long Positions**: When RSI reaches 70-80 levels - **Short Positions**: When RSI reaches 20-30 levels #### Pattern 3: Take Profit on Moving Average Cross - Partial profit-taking when price crosses the moving average in the opposite direction ### Risk Management #### Stop Loss Placement - **Long Positions**: Clear break below the range lower bound - **Short Positions**: Clear break above the range upper bound #### Position Size Adjustment - Adjust position size according to range height (upper bound - lower bound) - Larger positions for narrow ranges, smaller positions for wide ranges ## Optimal Market Conditions ### Suitable Markets ✅ **Range-bound (sideways) markets** ✅ **Markets with moderate volatility** ✅ **Markets with clear support and resistance levels** ### Markets to Avoid ❌ **Strong trending markets** ❌ **Extremely low volatility markets** ❌ **Before and after major economic announcements** ## Practical Usage Tips ### 1. Timeframe Selection - **Day Trading**: 5-minute to 1-hour charts - **Swing Trading**: 4-hour to daily charts ### 2. Combination with Other Indicators - **Bollinger Bands**: Confirm range validity - **MACD**: Assess trend strength - **Volume**: Improve signal reliability ### 3. Important Considerations - Don't rely on a single indicator; use multiple confirmation factors - Adjust parameters according to changing market conditions - Backtest historical performance before applying to live trading ## Summary This indicator is a specialized tool for counter-trend strategies in range-bound markets. By combining RSI reversal signals with range lines, it can help identify efficient entry points. However, the key to success lies in correctly assessing market conditions and using appropriate risk management techniques in conjunction with the indicator.
Pine Script® indicator
by jajamik