Multi EMA (up to 5) with Cross Alerts (BY HYPER)
📊 Multi EMA Indicator (Up to 5)
This indicator plots up to five Exponential Moving Averages (EMAs) on the chart. Each EMA can be customized in terms of length, color, and visibility. It is useful for traders looking to observe multiple trend levels simultaneously.
🔍 Key Features:
Up to 5 configurable EMAs
Individual settings for length, color, and style
Visibility toggle for each EMA
Suitable for trend analysis on all timeframes
🧠 How to Use:
Use this tool to help identify market trends and potential support/resistance zones. EMAs can also assist in confirming trend direction or possible momentum shifts. This script does not generate buy or sell signals and should not be considered financial advice.
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Indicators and strategies
Custom LVN MarkerThis Pine Script simulates a mini Volume Profile using standard OHLC candles, identifies Low Volume Nodes (LVNs) — price levels with relatively low traded volume — and marks them as dashed red horizontal lines on the chart.
AI Momentum Cloud v6 📌 AI Momentum Cloud v6 – Strategy Overview & Logic
📊 Overview
The AI Momentum Cloud v6 strategy is a dynamic breakout system designed to identify directional moves when price escapes a volatility-defined “cloud” and is supported by momentum. The model combines a custom implementation of Kaufman's Adaptive Moving Average (KAMA) with MACD histogram momentum filtering and an ATR-based cloud envelope. It aims to detect actionable impulses while minimizing noise in ranging markets.
This strategy is suitable for:
* Intraday timeframes (15m, 1h)
* Stocks and crypto assets with trend potential (e.g., AAPL, TSLA, BTCUSD, SPY)
* Traders who want visual clarity and logic-driven risk
⚙️ Technical Logic
1. Trend Base – KAMA
A manually coded version of Kaufman's Adaptive Moving Average (KAMA) is used to adapt to market conditions. This indicator reacts quickly in trending markets but smooths out sideways chop.
2. Momentum Confirmation – MACD Histogram
Only trades in the direction of positive MACD histogram (for longs) or negative histogram (for shorts) are allowed. This avoids entering into fake breakouts without true momentum.
3. Cloud Envelope – ATR-Based Bands
The strategy draws two dynamic bands around KAMA using the Average True Range (ATR):
* Upper Band = KAMA + (ATR × Multiplier)
* Lower Band = KAMA − (ATR × Multiplier)
Price must break through these bands with momentum to qualify as a valid signal.
📥 Entry Conditions
📈 Long Entry:
* Price crosses above the upper cloud band
* Close is above KAMA
* MACD Histogram is positive
📉 Short Entry:
* Price crosses below the lower cloud band
* Close is below KAMA
* MACD Histogram is negative
These conditions ensure that trades align with both trend and momentum.
📤 Exit Conditions
Each trade is exited based on **adaptive volatility targets:
* Take Profit = Entry Price ± (ATR × TP Multiplier)
* Stop Loss = Entry Price ∓ (ATR × SL Multiplier)
No trailing stops or time exits are used, making this a clean 1-shot trade system per signal.
📐 Risk Management
* Default risk size is set to 1% of equity per trade via `strategy.percent_of_equity`
* Both TP and SL are dynamically adjusted to market volatility using ATR
* This protects against overreacting in low-volatility environments and underreacting in high-volatility zones
📊 Visual Features
*Orange KAMA line: Shows the adaptive trend center
*Green and Red Bands: Represent breakout thresholds
*Blue Cloud Fill: Visualizes volatility envelope
*Background Color: Green/red tint for momentum condition (MACD histogram > 0 or < 0)
These cues help manual traders validate live signals alongside the automated entries/exits.
⚠️ Disclaimer
> This strategy is intended for educational and research purposes only. It does not constitute financial advice, a recommendation to buy/sell any asset, or a guarantee of performance. Always backtest and forward-test strategies in a simulated environment before considering live use.
> The logic and risk settings should be tailored to the user’s own risk tolerance and market.
[Mustang Algo] Channel Strategy# Mustang Algo Channel Strategy - Universal Market Sentiment Oscillator
## 🎯 ORIGINAL CONCEPT
This strategy employs a unique market sentiment oscillator that works on ALL financial assets. It uses Bitcoin supply dynamics combined with stablecoin market capitalization as a macro sentiment indicator to generate universal timing signals across stocks, forex, commodities, indices, and cryptocurrencies.
## 🌐 UNIVERSAL APPLICATION
- **Any Asset Class:** Stocks, Forex, Commodities, Indices, Crypto, Bonds
- **Market-Wide Timing:** BTC/Stablecoin ratio serves as a global risk sentiment gauge
- **Cross-Market Signals:** Trade any instrument using macro liquidity conditions
- **Ecosystem Approach:** One oscillator for all financial markets
## 🧮 METHODOLOGY
**Core Calculation:** BTC Supply / (Combined Stablecoin Market Cap / BTC Price)
- **Data Sources:** DAI + USDT + USDC market capitalizations
- **Signal Generation:** RSI(14) applied to the ratio, double-smoothed with WMA
- **Timing Logic:** Crossover signals filtered by overbought/oversold zones
- **Multi-Timeframe:** Configurable timeframe analysis (default: Daily)
## 📈 TRADING STRATEGY
**LONG Entries:** Bullish crossover when market sentiment is oversold (<48)
**SHORT Entries:** Bearish crossover when market sentiment is overbought (>55)
**Universal Timing:** These macro signals apply to trading any financial instrument
## ⚙️ FLEXIBLE RISK MANAGEMENT
**Three SL/TP Calculation Modes:**
- **Percentage Mode:** Traditional % based (4% SL, 12% TP default)
- **Ticks Mode:** Precise tick-based calculation (50/150 ticks default)
- **Pips Mode:** Forex-style pip calculation (50/150 pips default)
**Realistic Parameters:**
- Commission: 0.1% (adjustable for different asset classes)
- Slippage: 2 ticks
- Position sizing: 10% of equity (conservative)
- No pyramiding (single position management)
## 📊 KEY ADVANTAGES
✅ **Universal Application:** One strategy for all asset classes
✅ **Macro Foundation:** Based on global liquidity and risk sentiment
✅ **False Signal Filtering:** Overbought/oversold zones reduce noise
✅ **Flexible Risk Management:** Multiple SL/TP calculation methods
✅ **No Lookahead Bias:** Clean backtesting with realistic results
✅ **Cross-Market Correlation:** Captures broad market risk cycles
## 🎛️ CONFIGURATION GUIDE
1. **Asset Selection:** Apply to stocks, forex, commodities, indices, crypto
2. **Timeframe Setup:** Daily recommended for swing trading
3. **Sentiment Bounds:** Adjust 48/55 levels based on market volatility
4. **Risk Management:** Choose appropriate SL/TP mode for your asset class
5. **Direction Filter:** Select Long Only, Short Only, or Both
## 📋 BACKTESTING STANDARDS
**Compliant with TradingView Guidelines:**
- ✅ Realistic commission structure (0.1% default)
- ✅ Appropriate slippage modeling (2 ticks)
- ✅ Conservative position sizing (10% equity)
- ✅ Sustainable risk ratios (1:3 SL/TP)
- ✅ No lookahead bias (proper historical simulation)
- ✅ Sufficient sample size potential (100+ trades possible)
## 🔬 ORIGINAL RESEARCH
This strategy introduces a revolutionary approach to financial markets by treating the BTC/Stablecoin ratio as a global risk sentiment gauge. Unlike traditional indicators that analyze individual asset price action, this oscillator captures macro liquidity flows that affect ALL financial markets - from stocks to forex to commodities.
## 🎯 MARKET APPLICATIONS
**Stocks & Indices:** Risk-on/risk-off sentiment timing
**Forex:** Global liquidity flow analysis for major pairs
**Commodities:** Risk appetite for inflation hedges
**Bonds:** Flight-to-safety vs. risk-seeking behavior
**Crypto:** Native application with direct correlation
## ⚠️ RISK DISCLOSURE
- Designed for intermediate to long-term trading across all timeframes
- Market sentiment can remain extreme longer than expected
- Always use appropriate position sizing for your specific asset class
- Adjust commission and slippage settings for different markets
- Past performance does not guarantee future results
## 🚀 INNOVATION SUMMARY
**What makes this strategy unique:**
- First to use BTC/Stablecoin ratio as universal market sentiment indicator
- Applies macro-economic principles to technical analysis across all assets
- Single oscillator provides timing signals for entire financial ecosystem
- Bridges traditional finance with digital asset insights
- Combines fundamental liquidity analysis with technical precision
NSE Advance/Decline Ratio//@version=5
indicator("NSE Advance/Decline Ratio", overlay=false)
advance = request.security("NSE:ADVANCE", "D", close)
decline = request.security("NSE:DECLINE", "D", close)
adr = advance / decline
plot(adr, title="Advance/Decline Ratio", color=color.blue)
hline(1, "Neutral", color=color.gray)
Last 2 Days Key LevelsLast 2 Days Key Levels
Overview
This indicator is designed for intraday traders who leverage key historical price levels to identify potential support and resistance zones. It cleanly plots the most important levels from the previous two trading days, giving you a clear map of the price action and helping you anticipate potential turning points in the market.
The core principle is that the market has memory. The highs, lows, and calculated pivot points from previous sessions often remain significant and can act as powerful magnets or barriers for price in the current session. This script gives you a configurable and visually clean way to track these critical zones.
Key Features
Multi-Day Level Plotting: Display key levels not just from the prior day (PD), but also from two days ago (PD2), allowing you to track a deeper level of market structure.
Comprehensive Key Levels: For each historical day, the indicator plots:
High
Low
Mid-Point (the direct halfway point of the day's range)
Central Pivot Point (the average of the high, low, and close)
Premarket High/Low: Includes the high and low from the current day's premarket session, which are critical levels for morning trading.
Full Customization: Every level is fully configurable. Through a cleanly organized input menu, you can:
Toggle the visibility of each individual line (e.g., show only the highs and lows).
Customize the color, line style (solid, dotted, dashed), and thickness for each group of levels (Prior Day, 2-Day Prior, Premarket).
The Strategic Advantage: Why Track 2-Day Prior Levels?
While many traders focus exclusively on the previous day's levels, tracking the levels from two days ago provides a distinct strategic edge, especially in the early morning session.
In the opening minutes of trading, or even in the premarket, price action is often volatile and searching for direction. The market will frequently test not just yesterday's levels, but also the key zones from the day before. These "older" levels are often overlooked by other market participants, making them powerful hidden support and resistance zones.
By having the 2-day prior levels on your chart, you can:
Anticipate early session turning points that others might not see.
Identify stronger confirmation when a 2-day level aligns with a prior-day or premarket level.
Avoid being caught off guard by reactions to seemingly "random" price points that are, in fact, significant historical levels.
How to Use
Support & Resistance: Use the plotted lines as potential areas where price may bounce or reverse. Look for price to respect these levels for potential entry or exit signals.
Breakout & Breakdown Zones: A clean break and hold above a resistance level (or below a support level) can signal the start of a new directional move.
Targeting: The levels can serve as logical price targets for your trades.
All settings are organized into clear groups in the "Inputs" tab, allowing you to easily configure the indicator to your exact preferences.
This script is based on the foundational concepts of the 'Daily Levels Suite' by FourC. It was generated and optimized with Gemini, by Mercadero.AI.
Pivot Points StandardThis is an indicator that has multiple EMAs and pivot points and RSI table. It will help to trade better. ShubhTrades
Rifle LONG OSVuka's Rifle Shooter Indicator
TODO fill out description of input settings
See to complement this rifle indicator.
Pips per Candle - XAUUSD//@version=5
indicator("Pips per Candle - XAUUSD", overlay=true)
// Opsi tampilkan label di atas atau bawah
tampilkan_di_atas = input.bool(true, "Tampilkan di atas candle")
tampilkan_di_bawah = input.bool(true, "Tampilkan di bawah candle")
tampilkan_berdasarkan = input.string("High-Low", title="Hitung pips berdasarkan", options= )
// Hitung pip
perbedaan = tampilkan_berdasarkan == "High-Low" ? high - low : math.abs(close - open)
pip = perbedaan * 100 // 1 point = 100 pip untuk XAU
// Bersihkan label lama
var label labels = array.new_label()
if bar_index > 1
for i = 0 to array.size(labels) - 1
label.delete(array.get(labels, i))
array.clear(labels)
// Tampilkan label
if tampilkan_di_atas
array.push(labels, label.new(bar_index, high, text=str.tostring(pip, "#.0") + " pip", style=label.style_label_up, textcolor=color.white, size=size.small, color=color.orange))
if tampilkan_di_bawah
array.push(labels, label.new(bar_index, low, text=str.tostring(pip, "#.0") + " pip", style=label.style_label_down, textcolor=color.white, size=size.small, color=color.maroon))
180 Phase ChangerThis is a Trend Tracker.
The Idea is to Identify Phase Changer or Reversal/Pullbacks in the trend based on 8 and 20 EMA.
Custom Stochastic with Entry Dots & BackgroundCustom Stochastic with Entry Dots & Background
จะแสดงค่าเมื่อ STOCH OVB OVS ให้แห็นง่ายและชัดเจนขึ้น
BOS mark-out (by Lumiere)Advanced BOS Detection with Strict Swing Confirmation
This indicator implements BOS detection with several unique features:
🔹 Dual-Candle Swing Validation - Unlike most BOS indicators that use single candle swings, this uses a two-candle confirmation for swing highs/lows, analyzing both the candle wicks and body transitions.
🔹 Directional Lock System - Implements a state machine that prevents duplicate signals until an opposite-direction BOS occurs, reducing noise.
🔹 Precision Wick Analysis - Compares wicks between the reversal candle and confirmation candle to identify the true swing point.
🔹 Real-Time Update & Live Market Adaptation – The indicator continuously monitors price action and instantly updates BOS signals as new candles form, ensuring you never miss a BOS.
How It Differs From Other BOS Indicators:
Most public BOS indicators use simple HH/HL or LH/LL detection.
Many don't implement the directional locking mechanism.
Few use the two-candle wick comparison approach.
Wick-Based Precision uses the extreme wicks of two candles (not just the body).
Strict Confirmation requires a close beyond the swing point (no "wick breaks" counted).
Usage Examples:
🟦 Bullish BOS:
A green candle closes, followed by a red candle. This will be the new high, and if the next candle closes above the highest wick of those two, it will be a BOS (only if we had a bearish BOS before)
🟥 Bearish BOS:
A red candle closes, followed by a green candle. This will be the new low, and if the next candle closes below the lowest wick of those two, it will be a BOS (only if we had a Bullish BOS before)
ORB Breakout Indicator - NQ1!The purpose of this indicator is to assist traders in rapidly identifying high-probability Opening Range Breakout (ORB) setups on the NQ1! 1-minute time frame (Nasdaq Futures)
Key Features:
Opening Range: Automatically plots the high and low of the 1st 15min of the (NYSE session) (09:30–09:45 EST)
Breakout Signals : Illustrates the first candle that breaks upward or downward and:
Green arrow for a bullish breakout
Red arrow for a bearish breakout
Clean Visuals: Dynamic lines show the high and low of the ORB window for easy reference.
(DON'T USE THIS ONLY FOR ENTRY SIGNALS, PAIR THIS WITH OTHER INFLUENCES TO GET HIGH PROBABILITY BREAKOUTS)
Pullback Historical DataIndicator Description: Dados-historico-Pullback
This indicator identifies pivot points (local support and resistance levels) on the chart based on a user-defined period. It calculates the difference between the last found resistance and support levels, displaying this current difference as well as its historical maximum and minimum values.
How to use:
Pivot Period:
Adjust the "Pivot Period" parameter to define how many bars before and after the indicator should look for a pivot point (high or low).
A higher value makes the pivot more conservative, finding stronger and more spaced pivots.
A lower value detects more frequent pivots, sensitive to quick market moves.
Label and Text Color:
You can customize the background color of the label and the text color for better visibility on the chart.
Label Size:
The indicator offers four label sizes:
XS (Extra Small): small label to save space.
S (Small): compact and readable size.
M (Medium): default size, a balance between readability and space.
L (Large): bigger label for more emphasis.
If you choose an invalid value, the default M (Medium) size will be used automatically.
Example to adjust the Pivot Period:
Setting the Pivot Period to 3 means the indicator will look for pivots within 3 bars before and after each point. This produces many pivots, including smaller ones and noise. It’s useful for fast trades or scalping.
Setting it to 10 means the indicator looks for pivots farther apart, producing fewer signals but more significant ones, suitable for more conservative analysis.
I recommend starting with a middle value like 5 and testing how the indicator behaves on your chart. Then adjust up or down depending on your trading style and timeframe.
Prior OHLMCPrior OHLC Plus Median - Free Open Source Indicator
This indicator plots essential reference levels from previous time periods to help traders identify potential support, resistance, and pivot zones. It displays the Open, High, Low, Close, and importantly, the Median (HL2) levels from the prior year, month, week, and day.
What It Does:
Plots OHLC levels from previous year, month, week, and day periods
Includes median levels (High + Low / 2) for each timeframe
Automatically updates as new periods begin
Clean, customizable display that won't clutter your charts
Why These Levels Matter:
Prior period levels serve as important reference points because they represent areas where significant price action occurred previously. These levels often act as magnets for future price movement - not because of any mystical properties, but due to the collective memory of market participants and algorithmic trading systems that reference these same historical points.
The median levels are particularly valuable yet frequently overlooked. While traders commonly watch prior highs and lows, the median often provides cleaner reaction points with less noise than the extreme levels.
Practical Application:
These levels work best as part of a comprehensive trading approach. Use them to:
Identify potential entry and exit zones
Set logical stop-loss and take-profit levels
Gauge the strength of breakouts and breakdowns
Confluence with other technical analysis tools
Important Note:
This indicator provides reference levels, not trading signals. Like any technical tool, these levels should be combined with proper risk management, market context, and additional confirmation methods. They're one valuable piece of the trading puzzle - not a standalone solution.
Available as open source - feel free to modify and adapt to your specific trading needs.
Small Body Candle Highlighter//@version=5
indicator("Small Body Candle Highlighter", overlay=true)
// Set max difference in points (adjust as needed based on asset's price scale)
max_diff = 1.5
// Calculate the open-close difference
body_diff = math.abs(close - open)
// Conditions
small_body = body_diff <= max_diff
bullish = close > open
bearish = open > close
// Colors
bull_color = color.new(color.green, 0)
bear_color = color.new(color.red, 0)
// Plot shapes on qualifying candles
plotshape(small_body and bullish, location=location.abovebar, color=bull_color, style=shape.circle, size=size.small, title="Bullish Small Body")
plotshape(small_body and bearish, location=location.belowbar, color=bear_color, style=shape.circle, size=size.small, title="Bearish Small Body")
RSI + 200 EMA Strategy🔹 Rules to follow (5-minute)
✅ Buy (Long) when:
➥ Price is above 200 EMA (uptrend).
➥ RSI drops below 30 (oversold) and then crosses back above 30.
➥ Ideally, you enter after the first green 5-minute candle following the RSI reversal.
✅ Sell (Short) when:
➥ Price is below 200 EMA (downtrend).
➥ RSI crosses above 70 (overbought) and then drops back below 70.
➥ Ideally, you enter after the first red 5-minute candle following the reversal.
G-AreaKujyo original ver 2025
2025年最新版のインジケーター
各時間足の上昇下降トレンドをより可視性の高いものにしています
■緑のエリアは上昇傾向
■赤のエリアは下降傾向
・緑→赤
・赤→緑
に切り割るエリアは、非常に強い反発点
2025 Latest Version Indicator
This indicator provides enhanced visibility of uptrends and downtrends across multiple timeframes.
■ Green areas indicate an upward trend
■ Red areas indicate a downward trend
Transitions between colors:
Green → Red
Red → Green
These transition zones often mark strong reversal points.
Caspers Super Simple Proven StrategyThis script is based on the youtube video created by Casper SMC, detailing his super simple and proven strategy for the 5 minute range. Here's a link to his video.
This script is for informational purposes and should not be used for trading due to the poor win-rate. Backtesting over historical data shows that this has a poor win-rate of around 27% going back to 2008.
Here's is how the strategy works, based on how Casper explains it in his video:
1. Define the Opening Range
• At the start of your chosen session window (e.g. 09:30–09:35), capture the high and low of every 1-minute bar and lock them in at session end.
2. Scan Each Minute After the Range Window for a breakout of that Opening Range:
a) Breakout + Fair-Value-Gap
1. Confirm a Fair Value Gap.
2. Check that the body closes outside the Opening Range.
3. Enter on the close of Bar 3.
4. Stop-Loss at Bar 2’s extreme (low for longs / high for shorts).
5. Take-Profit at twice the risk distance (2 R).
b) Breakout without Fair-Value-Gap
1. If the range is broken but no valid imbalance, hold.
2. Wait for price to retest the locked-in range.
3. Then look for the next valid three-bar imbalance in the same direction.
4. Enter on the close of that Bar 3.
5. Stop-Loss at the body-break bar’s extreme.
6. Take-Profit at twice the risk distance (2 R).
3. Risk Management
• Every trade uses a fixed stop-loss and a 2 R target.
4. Exit
• Close on the first touch of SL or TP.
5. One Signal per Session
• After an entry, ignore further signals until the next session resets.
6. Supported Session Windows
• Asia: 19:00–19:05 local
• London: 03:00–03:05 local
• New York AM: 09:30–09:35 local
• New York PM: 13:30–13:35 local
Moving Average RespectSimple script that looks at the 10 SMA, 21 EMA & 50 SMA moving averages and looks back to see which one price respects the most. Provides the moving averages and a table to show which of those are respected within a definable proximity (editable).
Yelober - Sector Rotation Detector# Yelober - Sector Rotation Detector: User Guide
## Overview
The Yelober - Sector Rotation Detector is a TradingView indicator designed to track sector performance and identify market rotations in real-time. It monitors key sector ETFs, calculates performance metrics, and provides actionable stock recommendations based on sector strength and weakness.
## Purpose
This indicator helps traders identify when capital is moving from one sector to another (sector rotation), which can provide valuable trading opportunities. It also detects risk-off conditions in the market and highlights sectors with abnormal trading volume.
## Table Columns Explained
### 1. Sector
Displays the sector name being monitored. The indicator tracks six primary sectors plus the S&P 500:
- Energy (XLE)
- Financial (XLF)
- Technology (XLK)
- Consumer Staples (XLP)
- Utilities (XLU)
- Consumer Discretionary (XLY)
- S&P 500 (SPY)
### 2. Perf %
Shows the daily percentage performance of each sector ETF. Values are color-coded:
- Green: Positive performance
- Red: Negative performance
Positive values display with a "+" sign (e.g., +1.25%)
### 3. RSI
Displays the Relative Strength Index value for each sector, which helps identify overbought or oversold conditions:
- Values above 70 (highlighted in red): Potentially overbought
- Values below 30 (highlighted in green): Potentially oversold
- Values between 30-70 (highlighted in blue): Neutral territory
### 4. Vol Ratio
Shows the volume ratio, which compares today's volume to the average volume over the lookback period:
- Values above 1.5x (highlighted in yellow): Indicates abnormally high trading volume
- Values below 1.5x (highlighted in blue): Normal trading volume
This helps identify sectors with unusual activity that may signal important price movements.
### 5. Trend
Displays the current price trend direction with symbols:
- ▲ (green): Uptrend (today's close > yesterday's close)
- ▼ (red): Downtrend (today's close < yesterday's close)
- ◆ (gray): Neutral (today's close = yesterday's close)
## Summary & Recommendations Section
The summary section provides:
1. **Sector Rotation Detection**: Identifies when there's a significant performance gap (>2%) between the strongest and weakest sectors.
2. **Risk-Off Mode Detection**: Alerts when defensive sectors (Consumer Staples and Utilities) are positive while Technology is negative, which often signals investors are moving to safer assets.
3. **Strong Volume Detection**: Indicates when any sector shows abnormally high trading volume.
4. **Stock Recommendations**: Suggests specific stocks to consider for long positions (from the strongest sectors) and short positions (from the weakest sectors).
## Example Interpretations
### Example 1: Sector Rotation
If you see:
- Technology: -1.85%
- Financial: +2.10%
- Summary shows: "SECTOR ROTATION DETECTED: Rotation from Technology to Financial"
**Interpretation**: Capital is moving out of tech stocks and into financial stocks. This could be due to rising interest rates, which typically benefit banks while pressuring high-growth tech companies. Consider looking at financial stocks like JPM, BAC, and WFC for potential long positions.
### Example 2: Risk-Off Conditions
If you see:
- Consumer Staples: +0.80%
- Utilities: +1.20%
- Technology: -1.50%
- Summary shows: "RISK-OFF MODE DETECTED"
**Interpretation**: Investors are seeking safety in defensive sectors while selling growth-oriented tech stocks. This often occurs during market uncertainty or ahead of economic concerns. Consider reducing exposure to high-beta stocks and possibly adding defensive names like PG, KO, or NEE.
### Example 3: Volume Spike
If you see:
- Energy: +3.20% with Volume Ratio 2.5x (highlighted in yellow)
- Summary shows: "STRONG VOLUME DETECTED"
**Interpretation**: The energy sector is making a strong move with significantly higher-than-average volume, suggesting conviction behind the price movement. This could indicate the beginning of a sustained trend in energy stocks. Consider names like XOM, CVX, and COP.
## How to Use the Indicator
1. Apply the indicator to any chart (works best on daily timeframes).
2. Customize settings if needed:
- Timeframe: Choose between intraday (60 or 240 minutes), daily, or weekly
- Lookback Period: Adjust the historical comparison period (default: 20)
- RSI Period: Modify the RSI calculation period (default: 14)
3. To refresh the data: Click the settings icon, increase the "Click + to refresh data" counter, and click "OK".
4. Identify opportunities based on sector performance, RSI levels, volume ratios, and the summary recommendations.
This indicator helps traders align with market rotation trends and identify which sectors (and specific stocks) may outperform or underperform in the near term.