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Indicators and strategies

CrumpBot Main functions of the indicator: Filters candles based on volume: Can compare the launch volume to the basic volume of the next date (e.g. 20 or 50 candles), excluding extremely high values ​​so that the average is not distorted. Can also have, if the volume exceeds the set, utility value. Analyzes shaped candles: Checks if the lower node of the candle is long enough in relation to its body (e.g. at least 50%), which can occur with strong demand and rejection of generated prices. RSI indicator indicator: Optionally filters only when RSI is below the basic level (e.g. 50), which is an external oversold market. Additional conditions: Can generate a signal only if the candle is covered by a percentage of candles. Optionally requires that the price has fallen by a percentage (e.g. at least 3%) in the last 15 minutes, which could be a potential low and a chance to reject the trend. Signal: Draws on the chart as a green triangle below the candle when all the required candle requirements are connected. Additional draws a blue circle above the candle if the candle meets the candle cover condition.
Pine Script® indicator
by milosz19967
Spaghetti 2.0 - Multi-Asset Performance [By Barbell_Fi]This is an updated and more opinionated take on the original Spaghetti indicator. Multi Asset Performance indicator (also called “Spaghetti”) makes it easy to monitor the changes in Price, Open Interest, and On Balance Volume across multiple assets simultaneously, distinguish assets that are overperforming or underperforming, observe the relative strength of different assets or currencies, use it as a tool for identifying mean reversion opportunities and even for constructing pairs trading strategies, detect "risk-on" or "risk-off" periods, evaluate statistical relationships between assets through metrics like correlation and beta, construct hedging strategies, trade rotations and much more. Start by selecting a time period (e.g., 1 DAY) to set the interval for when data is reset. This will provide insight into how price, open interest, and on-balance volume change over your chosen period. In the settings, asset selection is fully customizable, allowing you to create three groups of up to 30 tickers each. These tickers can be displayed in a variety of styles and colors. Additional script settings offer a range of options, including smoothing values with a Simple Moving Average (SMA), highlighting the top or bottom performers, plotting the group mean, applying heatmap/gradient coloring, generating a table with calculations like beta, correlation, and RSI, creating a profile to show asset distribution around the mean, and much more. One of the most important script tools is the screener table, which can display: 🔸 Percentage Change (Represents the return or the percentage increase or decrease in Price/OI/OBV over the current selected period) 🔸 Beta (Represents the sensitivity or responsiveness of asset's returns to the returns of a benchmark/mean. A beta of 1 means the asset moves in tandem with the market. A beta greater than 1 indicates the asset is more volatile than the market, while a beta less than 1 indicates the asset is less volatile. For example, a beta of 1.5 means the asset typically moves 150% as much as the benchmark. If the benchmark goes up 1%, the asset is expected to go up 1.5%, and vice versa.) 🔸 Correlation (Describes the strength and direction of a linear relationship between the asset and the mean. Correlation coefficients range from -1 to +1. A correlation of +1 means that two variables are perfectly positively correlated; as one goes up, the other will go up in exact proportion. A correlation of -1 means they are perfectly negatively correlated; as one goes up, the other will go down in exact proportion. A correlation of 0 means that there is no linear relationship between the variables. For example, a correlation of 0.5 between Asset A and Asset B would suggest that when Asset A moves, Asset B tends to move in the same direction, but not perfectly in tandem.) 🔸 RSI (Measures the speed and change of price movements and is used to identify overbought or oversold conditions of each asset. The RSI ranges from 0 to 100 and is typically used with a time period of 14. Generally, an RSI above 70 indicates that an asset may be overbought, while RSI below 30 signals that an asset may be oversold.) ⚙️ Settings Overview: ◽️ Period Periodic inputs (e.g. daily, monthly, etc.) determine when the values are reset to zero and begin accumulating again until the period is over. This visualizes the net change in the data over each period. The input "Visible Range" is auto-adjustable as it starts the accumulation at the leftmost bar on your chart, displaying the net change in your chart's visible range. There's also the "Timestamp" option, which allows you to select a specific point in time from where the values are accumulated. The timestamp anchor can be dragged to a desired bar via Tradingview's interactive option. Timestamp is particularly useful when looking for outperformers/underperformers after a market-wide move. The input positioned next to the period selection determines the timeframe on which the data is based. It's best to leave it at default (Chart Timeframe) unless you want to check the higher timeframe structure of the data. ◽️ Data The first input in this section determines the data that will be displayed. You can choose between Price, OI, and OBV. The second input lets you select which one out of the three asset groups should be displayed. The symbols in the asset group can be modified in the bottom section of the indicator settings. ◽️ Appearance You can choose to plot the data in the form of lines, circles, areas, and columns. The colors can be selected by choosing one of the six pre-prepared color palettes. ◽️ Labeling This input allows you to show/hide the labels and select their appearance and size. You can choose between Label (colored pointed label), Label and Line (colored pointed label with a line that connects it to the plot), or Text Label (colored text). ◽️ Smoothing If selected, this option will smooth the values using a Simple Moving Average (SMA) with a custom length. This is used to reduce noise and improve the visibility of plotted data. ◽️ Highlight If selected, this option will highlight the top and bottom N (custom number) plots, while shading the others. This makes the symbols with extreme values stand out from the rest. ◽️ Group Mean This input allows you to select the data that will be considered as the group mean. You can choose between Group Average (the average value of all assets in the group) or First Ticker (the value of the ticker that is positioned first on the group's list). The mean is then used in calculations such as correlation (as the second variable) and beta (as a benchmark). You can also choose to plot the mean by clicking on the checkbox. ◽️ Profile If selected, the script will generate a vertical volume profile-like display with 10 zones/nodes, visualizing the distribution of assets below and above the mean. This makes it easy to see how many or what percentage of assets are outperforming or underperforming the mean. ◽️ Gradient If selected, this option will color the plots with a gradient based on the proximity of the value to the upper extreme, zero, and lower extreme. ◽️ Table This section includes several settings for the table's appearance and the data displayed in it. The "Reference Length" input determines the number of bars back that are used for calculating correlation and beta, while "RSI Length" determines the length used for calculating the Relative Strength Index. You can choose the data that should be displayed in the table by using the checkboxes. ◽️ Asset Groups This section allows you to modify the symbols that have been selected to be a part of the 3 asset groups. If you want to change a symbol, you can simply click on the field and type the ticker of another one. You can also show/hide a specific asset by using the checkbox next to the field.
Pine Script® indicator
by barbell_fi
Top Right Watermark# TopRight Watermark **Finally, a watermark that stays out of your way!** Tired of TradingView's default watermark blocking your price action and technical analysis? This customizable watermark indicator gives you complete control over positioning and content display. ## 🎯 Key Features **✅ Flexible Positioning** - Place anywhere: corners, sides, or edges **✅ Multi-Slot Display** - Up to 3 customizable information slots **✅ Individual Font Control** - Different sizes for each slot **✅ Platform Compatibility** - TradingView OR MetaTrader timeframe formats **✅ Clean & Professional** - Customizable colors and transparency ## 🔧 What You Can Display - **Timeframe** - Current chart period - **Ticker** - Symbol name (smart formatting for crypto/forex) - **Exchange** - Broker/platform name - **Custom Text** - Your own message - **Empty** - Hide unused slots ## 🎨 Customization Options - **Position**: 9 placement options (top/middle/bottom + left/center/right) - **Colors**: Full color picker with transparency control - **Font Sizes**: 5 sizes available per slot (tiny to huge) - **Timeframe Style**: Choose TradingView (1m, 4H) or MetaTrader (M1, H4) format ## 🚀 Perfect For - Traders who need clean chart visibility - Multi-timeframe analysis - Professional chart screenshots - Platform migrants (MT4/MT5 to TradingView) - Anyone wanting organized chart information ## 💡 Pro Tips - Place in corners to avoid price action interference - Combine Exchange + Ticker + Timeframe for complete context - Use transparency to make it subtle but visible **Stop letting watermarks interfere with your trading analysis. Take control of your chart display today!** --- *Compatible with all TradingView chart types and timeframes. Easy setup with intuitive controls.*
Pine Script® indicator
by dabhi358
Watermark by HAZEDEnhanced Watermark - Clean Chart Labeling A professional watermark indicator for traders who want clean, customizable chart identification. Features: - Show/hide: Exchange prefix, timeframe, price change %, volume - 9 positioning options - place anywhere on your chart - Custom text styling - normal or spaced text modes - Full color control - including transparency settings - Size customization - independent sizing for each element - Personal signature - add your trading brand - Custom symbols - personalize arrows and indicators Perfect for: Content creators, educational posts, professional setups, and social media sharing. Easy to use: Works immediately with smart defaults. Fully customizable to match your style. Clean charts, professional presentation.
Pine Script® indicator
by hazedoptions
Líneas Sutiles - Aperturas y Cierres (Londres & NY)//@version=6 indicator("Líneas Sutiles - Aperturas y Cierres (Londres & NY)", overlay=true) // Función para verificar si el timestamp pertenece al día actual o al anterior isTodayOrYesterday(ts) => tsYear = year(ts, "America/New_York") tsMonth = month(ts, "America/New_York") tsDay = dayofmonth(ts, "America/New_York") today = dayofmonth(timenow, "America/New_York") thisMonth = month(timenow, "America/New_York") thisYear = year(timenow, "America/New_York") tsYear == thisYear and tsMonth == thisMonth and (tsDay == today or tsDay == today - 1) // Horarios clave (en horario de Nueva York) londonOpen = timestamp("America/New_York", year, month, dayofmonth, 2, 0) londonClose = timestamp("America/New_York", year, month, dayofmonth, 5, 0) preNY = timestamp("America/New_York", year, month, dayofmonth, 7, 0) nyOpen = timestamp("America/New_York", year, month, dayofmonth, 7, 0) nyDayStart = timestamp("America/New_York", year, month, dayofmonth, 17, 0) // 🔶 NUEVA línea 5PM NY // Dibujar líneas sutiles solo si son del día actual o anterior if (isTodayOrYesterday(londonOpen) and time == londonOpen) line.new(x1=londonOpen, y1=low, x2=londonOpen, y2=high, xloc=xloc.bar_time, extend=extend.both, style=line.style_dotted, color=color.new(color.blue, 45), width=1) if (isTodayOrYesterday(londonClose) and time == londonClose) line.new(x1=londonClose, y1=low, x2=londonClose, y2=high, xloc=xloc.bar_time, extend=extend.both, style=line.style_dotted, color=color.new(color.blue, 45), width=1) if (isTodayOrYesterday(preNY) and time == preNY) line.new(x1=preNY, y1=low, x2=preNY, y2=high, xloc=xloc.bar_time, extend=extend.both, style=line.style_dotted, color=color.new(color.orange, 45), width=1) if (isTodayOrYesterday(nyOpen) and time == nyOpen) line.new(x1=nyOpen, y1=low, x2=nyOpen, y2=high, xloc=xloc.bar_time, extend=extend.both, style=line.style_dotted, color=color.new(color.red, 45), width=1) // 🔶 Línea amarilla a las 5PM NY (inicio del día operativo) if (isTodayOrYesterday(nyDayStart) and time == nyDayStart) line.new(x1=nyDayStart, y1=low, x2=nyDayStart, y2=high, xloc=xloc.bar_time, extend=extend.both, style=line.style_dotted, color=color.new(color.yellow, 25), width=1)
Pine Script® indicator
by Luismartineztrading
HOG Trifecta HOG Trifecta 📊 Overview HOG Trifecta is a real-time market monitor that blends three core elements of price action — trend, momentum, and volume positioning — into one clean directional output. Built for tactical traders, it cuts through the noise and highlights when the market is ready to move or stay neutral. ⚙️ How It Works • Scores five key signals:   • EMA 9/21 crossover for directional trend   • RSI > 50 or < 50 for momentum bias   • MACD histogram for momentum expansion (WAE-style logic)   • Price relative to EMA 50 as a volume anchor   • ADX-powered trend strength confirmation • Combines the signals into a score that determines a single bias:   BULLISH, NEUTRAL, or BEARISH • Displays a floating, color-coded label above price for instant clarity • Optional background shading tied to sentiment (toggleable) 🎯 Inputs • Show Label — toggle the sentiment word on/off • Show Background — toggle chart shading based on bias ✅ Benefits • Monitors trend, momentum, and volume in real time • Tells you when conditions align for directional setups • Avoids false signals with NEUTRAL states • Fully self-contained — no external dependencies • Lightweight and fast for daily or intraday use 📈 Use Cases • Entry confirmation in trend strategies • Swing trade bias filter • Anchor higher timeframe sentiment for lower timeframe entries ⚠️ Notes • Score thresholds:   +2 or more → BULLISH   −2 or less → BEARISH   −1 to +1 → NEUTRAL • Built using only standard Pine Script tools
Pine Script® indicator
by Houseofgain
Yelober - Intraday ETF Dashboard# How to Read the Yelober Intraday ETF Dashboard The Intraday ETF Dashboard provides a powerful at-a-glance view of sector performance and trading opportunities. Here's how to interpret and use the information: ## Basic Dashboard Reading ### Color-Coding System - **Green values**: Positive performance or bullish signals - **Red values**: Negative performance or bearish signals - **Symbol colors**: Green = buy signal, Red = sell signal, Gray = neutral ### Example 1: Identifying Strong Sectors If you see XLF (Financials) with: - Day % showing +2.65% (green background) - Symbol in green color - RSI of 58 (not overbought) **Interpretation**: Financial sector is showing strength and momentum without being overextended. Consider long positions in top financial stocks like JPM or BAC. ### Example 2: Spotting Weakness If you see XLK (Technology) with: - Day % showing -1.20% (red background) - Week % showing -3.50% (red background) - Symbol in red color - RSI of 35 (approaching oversold) **Interpretation**: Technology sector is showing weakness across multiple timeframes. Consider avoiding tech stocks or taking short positions in names like MSFT or AAPL, but be cautious as the low RSI suggests a bounce may be coming. ## Advanced Interpretations ### Example 3: Sector Rotation Detection If you observe: - XLE (Energy) showing +2.10% while XLK (Technology) showing -1.50% - Both sectors' Week % values showing the opposite trend **Interpretation**: This suggests money is rotating out of technology into energy stocks. This rotation pattern is actionable - consider reducing tech exposure and increasing energy positions (look at XOM, CVX in the Top Stocks column). ### Example 4: RSI Divergences If you see XLU (Utilities) with: - Day % showing +0.50% (small positive) - RSI showing 72 (overbought, red background) **Interpretation**: Despite positive performance, the high RSI suggests the sector is overextended. This divergence between price and indicator suggests caution - the rally in utilities may be running out of steam. ### Example 5: Relative Strength in Weak Markets If SPY shows -1.20% but XLP (Consumer Staples) shows +0.30%: **Interpretation**: Consumer staples are showing defensive strength during market weakness. This is typical risk-off behavior. Consider defensive positions in stocks like PG, KO, or PEP for protection. ## Practical Application Scenarios ### Day Trading Setup 1. **Morning Market Assessment**: - Check which sectors are green pre-market - Focus on sectors with Day % > 1% and RSI between 40-70 - Identify 2-3 stocks from the Top Stocks column of the strongest sector 2. **Midday Reversal Hunting**: - Look for sectors with symbol color changing from red to green - Confirm with RSI moving away from extremes - Trade stocks from that sector showing similar pattern changes ### Swing Trading Application 1. **Trend Following**: - Identify sectors with positive Day % and Week % - Look for RSI values in uptrend but not overbought (45-65) - Enter positions in top stocks from these sectors, using daily charts for confirmation 2. **Contrarian Setups**: - Find sectors with deeply negative Day % but RSI < 30 - Look for divergence (price making new lows but RSI rising) - Consider counter-trend positions in the stronger stocks within these oversold sectors ## Reading Special Conditions ### Example 6: Risk-Off Environment If you observe: - XLP (Consumer Staples) and XLU (Utilities) both green - XLK (Technology) and XLY (Consumer Disc) both red - SPY slightly negative **Interpretation**: Classic risk-off rotation. Investors are moving to safety. Consider defensive positioning and reducing exposure to growth sectors. ### Example 7: Market Breadth Analysis Count the number of sectors in green vs. red: - If 7+ sectors are green: Strong bullish breadth, consider aggressive long positioning - If 7+ sectors are red: Weak market breadth, consider defensive positioning or shorts - If evenly split: Market is indecisive, focus on specific sector strength instead of broad market exposure Remember that this dashboard is most effective when combined with broader market analysis and appropriate risk management strategies.
Pine Script® indicator
by yelober
BTC Buy/Sell SignalUse in higher time frames (weekly works best) Condition Interpretation: Red Shading: Indicates a scenario where Copper/Gold is strong (above zero), Copper/Bitcoin is weak (below zero), and the difference between them is pronounced (Smoothed MA Difference above Copper/Gold Z-Score). Green Shading: Indicates the opposite, where Copper/Gold is weak, Copper/Bitcoin is strong, and the difference is below the Copper/Gold Z-Score. The zones only indicate that the trader should consider buying or selling. Use with another indicator to confirm.
Pine Script® indicator
by bfrahm73
[TupTrader] prev candle of Opening session✅ Session Key Levels + Daily Zones This smart indicator automatically marks the key levels from the previous candle before the opening of each main trading session — Asia, London, and New York — along with the previous daily candle levels. These levels are critical for price reaction, support/resistance, and session-based breakouts or reversals. 🧠 What does it do? Detects and plots the previous candle before each session (Asia, London, New York) Automatically draws: High/Low/Open/Close of that candle Optional body/fibonacci levels (25%, 50%, 75% or 23.6%, 38.2%, 61.8%) Box zones to visualize the session range Highlights the previous daily OHLC and key levels 🚨 Built-in alerts for touches on key session and daily levels Fully customizable: colors, font size, levels visibility, and session times 💡 How to Use It? Scalping or Intraday: Look for price reactions around session levels. Breakout Strategy: Wait for price to break session highs/lows with volume. Reversals: Watch for fakeouts around previous session or daily zones. Use it with trend tools (e.g., EMA or structure) for confluence. These levels act like a roadmap of market structure and liquidity. Perfect for day traders, scalpers, and session-based traders.
Pine Script® indicator
by TupTrader
IKODO Harmonic Patterns🧠 IKODO Prof Price Action Indicator "Let the price speak. We just listen." While most traders rely on lagging tools, IKODO Prof reads the raw language of the market — price itself. 🔹 Zero lag. Zero noise. Pure price intelligence. 🔹 Real-time detection of breaker zones, liquidity hunts, and smart money traps 🔹 Designed for institutional-grade precision 🔹 Built for scalpers, swing traders, and those who don't follow the herd > “Price action is not a tool — it’s a mindset.” Welcome to IKODO Prof — a weapon, not just an indicator.
Pine Script® indicator
by rozenlot
Running Minimum HighThe running minimum high looks at the minimum high from a defined lookback period (default 10 days) and plots that on the price chart. Green arrows signify when the low of the candle is above the running minimum high (suggesting an uptrend), and red arrows signify when the high of the candle is below the running minimum high (suggesting a downtrend). It is recommended to use this on high timeframes (e.g. 1 hour and above) given the high number of signals it generates on lower timeframes.
Pine Script® indicator
by ExpertCBCD
Session Range ProjectionsSession Range Projections Purpose & Concept: Session Range Projections is a comprehensive trading tool that identifies and analyzes price ranges during user-defined time periods. The indicator visualizes high-probability reversal zones and profit targets by projecting Fibonacci levels from custom session ranges, making it ideal for traders who focus on time-based market structure analysis. Key Features & Calculations: 1. Custom Time Range Analysis - Define any time period for range calculation - from traditional sessions (Asian, London, NY) to custom periods like opening ranges, hourly ranges, or 4-hour blocks - Automatically captures the highest and lowest prices within your specified timeframe - Supports multiple timezone selections for global market analysis - Flexible enough for intraday scalping ranges or longer-term swing trading setups 2. Premium & Discount Zones - Automatically divides the range into premium (above 50%) and discount (below 50%) zones - Visual differentiation helps identify institutional buying and selling areas - Color-coded boxes clearly mark these critical price zones 3. Optimal Trade Entry (OTE) Zones - Highlights the 79-89% retracement zone in premium territory - Highlights the 11-21% retracement zone in discount territory - These zones represent high-probability reversal areas based on institutional order flow concepts 4. Fibonacci Projections - Projects 11 customizable Fibonacci extension levels from the range extremes - Levels extend both above and below the range for symmetrical analysis - Each level can be individually toggled and color-customized - Default levels include common retracement ratios: -0.5, -1.0, -2.0, -2.33, -2.5, -3.0, -4.0, -4.5, -6.0, -7.0, -8.0 How to Use: Set Your Time Range: Input your desired session start and end times (24-hour format) Select Timezone: Choose the appropriate timezone for your trading session Customize Display: Toggle various visual elements based on your preferences Monitor Price Action: Watch for reactions at projected levels and OTE zones Set Alerts: Configure sweep alerts for when price breaks above/below range extremes Input Parameters Explained: Time Range Settings Range Start/End Hour & Minute: Define your analysis period Time Zone: Ensure accurate session timing across different markets Visual Settings Range Box: Toggle the premium/discount zone visualization Horizontal Lines: Customize high/low line appearance Internal Range Levels: Show/hide equilibrium and OTE zones Labels: Configure text display for key levels Fibonacci Projections: Enable/disable extension levels Display Settings Historical Ranges: Show up to 10 previous session ranges Alert Type: Choose between high sweep, low sweep, or both Trading Applications: Session-Based Trading: Analyze specific market sessions (Asian, London, New York, opening ranges, hourly ranges) Reversal Trading: Identify high-probability reversal zones at OTE levels Breakout/Reversal Trading: Monitor range breaks/reversals with built-in sweep alerts Risk Management: Use Fibonacci projections as profit targets or rejection areas Multi-Timeframe Analysis: Apply to any timeframe for various trading styles Important Notes: This indicator is for educational purposes only and should not be considered financial advice Past performance does not guarantee future results Always use proper risk management when trading The indicator automatically manages historical data to maintain chart performance
Pine Script® indicator
by thraxxtrades
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
cd_cisd_market_CxHi Traders, Overview: Many traders follow market structure to identify the market direction and seek trade opportunities in line with the trend. However, markings derived from user-defined inputs can create different structures, depending on personal choices. For instance, choosing a pivot distance of 3 instead of 2 alters the structure, even though the chart remains the same. Ideally, the structure should remain consistent. "Change in State Delivery" ( CISD ) is a widely accepted concept among traders and is considered a significant indicator of market direction based on the gain/loss of CISD levels. In this indicator, CISD is selected as the primary criterion for marking market structure, eliminating the influence of user-dependent variations. Here is a summary of the key logic and rules applied: • When the price forms a new high/low, that level is only considered a pivot if a CISD has occurred. • A bullish CISD is always followed by a bearish CISD, and vice versa. • Pivot points form the internal structure. • The internal structure is used to interpret the swing structure. • Probabilities are derived from internal structure patterns. ________________________________________ Details: How is CISD determined? As is commonly known: • When price makes a new high, the opening level of the first candle in the consecutive bullish candle sequence is marked. • When price makes a new low, the opening of the first candle in the consecutive bearish sequence is marked. • If there’s only one candle in the sequence, its opening level is used. In a bullish market, losing a bearish CISD level (i.e., a close below it) or in a bearish market, gaining a bullish CISD level (i.e., a close above it) is interpreted as a potential shift in buyer-seller dominance and a possible market reversal. ________________________________________ How are internal (pivot) levels determined? • When price closes below a bearish CISD level, the highest candle's high becomes a pivot high (PH). • When price closes above a bullish CISD level, the lowest candle's low becomes a pivot low (PL). • If the new PH is above the previous PH, it’s labeled as HH (Higher High); otherwise, LH (Lower High). • If the new PL is below the previous PL, it’s labeled as LL (Lower Low); otherwise, HL (Higher Low). ________________________________________ Internal Market Structure: • A series of HHs indicates a bullish internal structure. • A series of LLs indicates a bearish internal structure. ________________________________________ Swing (Main) Market Structure: Using internal pivots and previous swing levels, the main market structure is derived. • A new swing high (SH) requires the price to move above the previous SH. • A new swing low (SL) requires the price to move below the previous SL. ________________________________________ Probability Calculation: Pivot levels forming the internal structure are coded as five-element sequences. There are 64 possible combinations of such sequences made from consecutive PH and PL values. Each pattern’s frequency from its starting candle is tracked. To make it more understandable: For example, after the four-sequence “HH, LL, LH,HL”, either HH or LH might follow. The table shows the statistical likelihood of both possible outcomes for the most recent four-element sequence on the chart. ________________________________________ How reliable is it? To assess reliability, results are calculated from the beginning using: Success Rate (Suc. Rt) = Number of Correct Predictions / Total Predictions This value is added to the table for reference. It’s important to note that no statistical outcome guarantees certainty—every result offers a different interpretation. What truly matters is to avoid getting stopped out 😊. ________________________________________ Menu Options: Show/hide preferences and color selections can be customized via the indicator menu. ________________________________________ What’s Coming in Future Versions? Features such as FVG (Fair Value Gaps) between swing levels, volume imbalances, order blocks / mitigation blocks, Fibonacci levels, and relevant trade suggestions will be added. ________________________________________ This is a BETA version that I believe will help simplify your market reading. I’d be happy to hear your feedback and suggestions. Cheerful Trading!
Pine Script® indicator
by cdikici71
2