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Auto Channel [SciQua]Auto Channel Purpose Auto Channel finds the single best parallel price channel from recent price action and keeps it updated in real time. It uses ZigZag pivots to build candidate channels, scores each candidate for quality, then plots the winner. When price closes outside the channel, the script flags a breakout and can fire alerts. How it works 1. ZigZag pivots The script uses TradingView’s TradingView/ZigZag/7 library to generate a stream of swing highs and lows based on a percentage reversal threshold and a leg depth. These pivots are the only points the channel logic evaluates, which keeps the search fast and focused on structure rather than noise. 2. Channel candidates From the most recent pivots, the script forms all combinations of two swing highs and two swing lows. It computes a slope for the high line and a slope for the low line and requires that they be nearly parallel within a user-defined tolerance. 3. Quality scoring and selection For every valid candidate, the script checks the recent pivot segments against the trial channel and computes: Inside ratio: fraction of tested pivots that sit fully inside the channel after applying the tolerance buffer. Violation sum: total magnitude of the breaches for any pivots outside the channel. Current width: distance between upper and lower lines at the current bar. The “best” channel is chosen by: 1. highest inside ratio 2. then widest current width 3. then smallest violation sum 4. Plot and projection The upper and lower lines are anchored to the chosen pivot pairs and extend to the left. The script also projects each line to the current bar to compute the live upper and lower channel prices. Those levels drive the breakout checks and alerts. 5. Breakouts and alerts A breakout is detected when the bar closes above the projected upper line or closes below the projected lower line, after applying the tolerance buffer. Triangle markers highlight fresh breakouts, and you can enable alert conditions to automate notification or strategy handoff. Inputs: ZigZag Price deviation for reversals (%) Default 0.2. Larger values produce fewer, larger swings. Smaller values produce more, smaller swings. Pivot legs Default 2. Controls the lookback depth ZigZag uses to confirm pivots. ZigZag Color Visual only. Tip: If you are not seeing a stable channel, increase the ZigZag percentage to reduce minor swings. Channel search Number of recent pivots to consider Default 12. Higher values search more history and try more channel combinations. Lower values make the search faster and more reactive. Max slope difference for parallel Default 0.0005. Maximum allowed difference between the upper and lower line slopes. Smaller values enforce stricter parallelism. Max price tolerance outside channel Default 0.0. A buffer added to the channel boundaries during validation and breakout checks. Use this to ignore tiny wicks that poke the lines. Minimum inside to outside pivots ratio for valid channel (0.00–1.00) Default 1.00. Require that at least this fraction of checked pivots lie inside the channel. For a more permissive fit, try 0.60 to 0.85. Styling Upper Line Color Lower Line Color Breakout Above Color Breakout Below Color Plots and visuals Upper channel line Lower channel line Triangle markers on the bar that first confirms a close outside the channel, above or below. Lines extend left from their pivot anchors. Projection to the current bar is used internally to test for breakouts and to set alerts. Alerts The script defines two alert conditions: Close Above Channel Triggers when the bar closes above the projected upper line plus tolerance. Close Below Channel Triggers when the bar closes below the projected lower line minus tolerance. Practical usage Trend channels In a steady trend, a high inside ratio with a moderate width often highlights the dominant channel. Consider trend entries near the lower line in an uptrend or near the upper line in a downtrend, with exits or stops beyond the opposite boundary. Breakout trades Combine the channel breakout alert with volume or a separate momentum filter. The tolerance input helps avoid false triggers from small wicks. Tuning for timeframe and symbol • Faster markets or lower timeframes usually benefit from a larger ZigZag percentage and a smaller pivot count. • Slower markets or higher timeframes can use more pivots and a tighter slope difference to enforce cleaner geometry. Notes and limitations Channels are derived from ZigZag pivots. If your ZigZag settings change, the detected channel will also change. The script plots only the single best channel at any time to keep the chart clean. Breakout markers appear on confirmed bars. For historical bars, markers appear only where a breakout would have been confirmed at that time. Lines extend left from their anchors. The script projects the lines internally to the current bar for checks and alerts. License and attribution License Creative Commons Attribution-NonCommercial 4.0 International (CC BY-NC 4.0). Open source for educational and personal use only. Commercial use requires written permission. Attribution © 2025 SciQua — Joshua Danford Libraries Uses TradingView/ZigZag/7. Changelog v1.0 Initial release. Automatic parallel channel detection from ZigZag pivots, quality scoring, live plotting, and close-based breakout alerts. FAQ Why do I not see any channel sometimes? There may not be a valid pair of highs and lows that pass the slope, inside ratio, and tolerance checks. Loosen the constraints by increasing Max slope difference, lowering Minimum inside ratio, or increasing the ZigZag percentage. The channel looks too narrow or too wide? Adjust Number of recent pivots and Minimum inside ratio. A higher inside ratio tends to favor cleaner, sometimes wider channels. A lower ratio may admit narrower, more reactive channels. How can I reduce false breakout alerts? Increase Max price tolerance outside channel to ignore small wicks. Add a volume or momentum confirmation in your personal alert workflow. Thank you for using Auto Channel . Feedback and improvements are welcome.
Pine Script® indicator
by JoshuaDanford
1
Internal Pivot Pattern [LuxAlgo]The Internal Pivot Pattern indicator is a novel method allowing traders to detect pivots without excessive delay on the chart timeframe, by using the lower timeframe data from a candle. It features custom colors for candles and zigzag lines to help identify trends. A dashboard showing the accuracy of the pattern is also included. 🔶 USAGE We define a pivot as the occurrence where the middle candle over a specific interval (for example, the most recent 21 bars) is the highest (pivot high) or the lowest (pivot low). This method commonly allows for identifying swing highs/lows on a trader's chart; however, this pattern can only be identified after a specific number of bars has been formed, rendering this pattern useless for real-time detection of swing highs/lows. This indicator uses a different approach, removing the need to wait for candles to form on the user chart; instead, we check the lower timeframe data of the current candle and evaluate for the presence of a pivot given the internal data, effectively providing pivot confirmation at the candle close. An internal pivot low pattern is indicative of a potential uptrend, while an internal pivot high is indicative of a potential downtrend. Candles are colored based on the last internal pivot detected, with blue candle colors indicating that the most recent internal pivot is a pivot low, indicating an uptrend, while an orange candle color indicates that the most recent internal pivot is a pivot high, indicating a downtrend. 🔹 Timeframes The timeframe setting allows controlling the amount of lower timeframe data to consider for the internal pivot detection. This setting must be lower than the user's chart timeframe. Using a timeframe significantly lower than the user chart timeframe will evaluate a larger amount of data for the pivot detection, making it less frequent, while using a timeframe closer to the chart timeframe can make the internal pivot detection more frequent, and more prone to false positives. 🔹 Accuracy Dashboard The Accuracy Dashboard allows evaluating how accurate the detected patterns are as a percentage, with a pattern being judged accurate if subsequent patterns are detected higher or lower than a previous one. For example, an internal pivot low is judged accurate if the following internal pivot is higher than it, indicating that higher highs have been made. This dashboard can be useful to determine the timeframe setting to maximize the respective internal pivot accuracy. 🔶 SETTINGS Timeframe: Timeframe for detecting internal swings Accuracy Dashboard: Enable or disable the Accuracy Dashboard. 🔹 Style Internal Pivot High: Color of the dot displayed upon the detection of an internal pivot high Internal Pivot Low: Color of the dot displayed upon the detection of an internal pivot low Zig-Zag: Color of the zig-zag segments connecting each internal pivot Candles: Enable candle coloring, with control over the color of the candles highlighting the detected trend
Pine Script® indicator
by LuxAlgo
1
🕴 Rajnikanth Divergence Tool//@version=5 indicator("🕴 Rajnikanth Divergence Tool", overlay=true) // === INPUTS === useRSI = input.bool(true, "Enable RSI Divergence") useMACD = input.bool(true, "Enable MACD Divergence") rsiSource = input.source(close, "RSI Source") rsiLength = input.int(14, "RSI Length") macdSrc = input.source(close, "MACD Source") macdFast = input.int(12, "MACD Fast Length") macdSlow = input.int(26, "MACD Slow Length") macdSig = input.int(9, "MACD Signal Smoothing") // === INDICATOR CALCULATIONS === rsi = ta.rsi(rsiSource, rsiLength) = ta.macd(macdSrc, macdFast, macdSlow, macdSig) macdHist = macdLine - signalLine // === STORAGE === var float lastLowPrice = na var float lastLowRSI = na var float lastLowMACD = na var float lastHighPrice = na var float lastHighRSI = na var float lastHighMACD = na bullDivRSI = false bearDivRSI = false revBullDivRSI = false revBearDivRSI = false bullDivMACD = false bearDivMACD = false revBullDivMACD = false revBearDivMACD = false // === LINE STORAGE === var line lines = array.new_line() // === DETECTION === // Detect Bottom (for bullish) if ta.lowestbars(low, 3) == 1 if useRSI and not na(lastLowRSI) bullDivRSI := (low < lastLowPrice) and (rsi > lastLowRSI) revBullDivRSI := (low > lastLowPrice) and (rsi < lastLowRSI) if useMACD and not na(lastLowMACD) bullDivMACD := (low < lastLowPrice) and (macdHist > lastLowMACD) revBullDivMACD := (low > lastLowPrice) and (macdHist < lastLowMACD) lastLowPrice := low lastLowRSI := rsi lastLowMACD := macdHist // Detect Top (for bearish) if ta.highestbars(high, 3) == 1 if useRSI and not na(lastHighRSI) bearDivRSI := (high > lastHighPrice) and (rsi < lastHighRSI) revBearDivRSI := (high < lastHighPrice) and (rsi > lastHighRSI) if useMACD and not na(lastHighMACD) bearDivMACD := (high > lastHighPrice) and (macdHist < lastHighMACD) revBearDivMACD := (high < lastHighPrice) and (macdHist > lastHighMACD) lastHighPrice := high lastHighRSI := rsi lastHighMACD := macdHist // === LABELS + HORIZONTAL LINES === plotLabel(cond, txt, loc, col) => if cond label.new(bar_index, loc == location.abovebar ? high : low, txt, style=label.style_label_left, textcolor=color.white, size=size.small, color=col) line l = line.new(bar_index, loc == location.abovebar ? high : low, bar_index + 5, loc == location.abovebar ? high : low, color=col, width=1) array.push(lines, l) plotLabel(bullDivRSI, "RSI Bull Div", location.belowbar, color.green) plotLabel(bearDivRSI, "RSI Bear Div", location.abovebar, color.red) plotLabel(revBullDivRSI, "RSI RevBull", location.belowbar, color.lime) plotLabel(revBearDivRSI, "RSI RevBear", location.abovebar, color.orange) plotLabel(bullDivMACD, "MACD Bull Div", location.belowbar, color.navy) plotLabel(bearDivMACD, "MACD Bear Div", location.abovebar, color.maroon) plotLabel(revBullDivMACD, "MACD RevBull", location.belowbar, color.blue) plotLabel(revBearDivMACD, "MACD RevBear", location.abovebar, color.purple)
Pine Script® indicator
by rdrajnikanth
Elliott Wave Probability System Pro v2🎯 Major Improvements Made to Elliott Wave Script Key Changes: 1. Advanced Trend Detection (Lines 55-82) Uses 5 different methods to determine trend over last 75 bars: Price position in range Linear regression slope Moving average alignment Higher highs/lows pattern Up vs down bar count Combines all methods into a trendScore for accurate direction 2. Adaptive Target Direction New input: adaptiveTargets (line 28) - can toggle on/off When ON: Targets follow the 75-bar trend regardless of short-term indicators When OFF: Works like original (based on current momentum) 3. Improved Target Calculation Bullish targets use extensions from current price to recent high Bearish targets use retracements from current price to recent low More realistic price levels based on actual market structure 4. Enhanced Status Display Added "Trend (75 bars)" row showing BULLISH/BEARISH/NEUTRAL Helps you see why targets are pointing a certain direction 5. Better Probability Calculation Base probability adjusts with trend strength (70% if strong trend, 50% if not) Gradual probability decay with distance Minimum 15% probability (more realistic than 10%) New Features: Trend-Based Alerts Alerts when 75-bar trend changes from bullish to bearish (or vice versa) Trend Weight in Scoring Added trendWeight to the total score calculation Makes signals more aligned with larger trend Visual Improvements Projection lines now show at 40% probability (was 50%) Better visibility of likely targets How It Works Now: If last 75 bars show a downtrend , targets will be bearish (even if RSI is oversold) If last 75 bars show an uptrend , targets will be bullish (even if RSI is overbought) The probability adjusts based on trend strength This solves the issue where the script was showing bullish targets in a clear downtrend. Now it properly reflects the dominant trend direction while still considering short-term indicators for probability calculations.
Pine Script® indicator
by WhiteHuracan
2
BTC Breakout Bot (TP/SL + Alerts) 🚀This strategy targets Bitcoin (BTC/USDT) breakout trades by detecting price moves beyond recent highs and lows, with built-in risk management and alerts. How it works: 📈 Long Entry: When price breaks above the highest high of the last N candles (default 20) 📉 Short Entry: When price breaks below the lowest low of the last N candles 🎯 Take Profit: Automatically set at a percentage from entry price (default 5%) ⚠️ Stop Loss: Automatically set at a percentage from entry price (default 2%) 🔔 Alerts: Triggered on every long and short breakout trade, compatible with Telegram/webhook notifications Parameters: ⏳ Breakout Lookback: Number of candles used to identify breakout levels (default 20) 💰 Take Profit (%): Profit target as % from entry (default 5%) 🛑 Stop Loss (%): Maximum allowed loss as % from entry (default 2%)
Pine Script® strategy
by MEDUSA7
Simple SMA StrategyThis strategy uses two Simple Moving Averages (SMAs) to spot trend changes and generate trade signals on any market or timeframe. How it works: ➡️ Long Entry: When the fast SMA (default 14) crosses above the slow SMA (default 28), enter a long position. ⬇️ Short Entry: When the fast SMA crosses below the slow SMA, enter a short position. 🔄 Exit: Positions close when the opposite crossover happens, capturing trend reversals. Features: ⚙️ Adjustable SMA lengths for different markets or styles 💰 Position sizing as % of equity (default 1%) for risk management 📊 Plots fast (blue) and slow (orange) SMAs on the chart 🔔 Alerts on every long & short entry crossover for automation or notifications Use Cases: Perfect for trend-following traders in crypto, stocks, forex, and more — simple and effective. ⚠️ Disclaimer Backtests and alerts are based on historical data and don’t guarantee future results. Always test carefully and manage your risk!
Pine Script® strategy
by MEDUSA7
My strategyThis strategy is designed for BTC/USDT breakout trading on short-to-medium timeframes. It enters positions when price breaks out above recent highs or below recent lows, using automated risk management and alerts. 🔍 Core Logic Long entry: When price breaks above the highest high of the last N candles (default: 20). Short entry: When price breaks below the lowest low of the last N candles. This logic helps detect momentum-driven breakout moves based on recent price consolidation. ⚙️ Strategy Settings Capital: $10,000 Order size: 1% of equity per trade Commission: 0.1% per trade (simulating exchange fees) Slippage: 3 ticks (for realism) Take Profit: 3% from entry Stop Loss: 1.5% from entry These settings aim to provide realistic, risk-conscious backtest results, suitable for individual traders. 📊 Visual Features Green line = Breakout High Red line = Breakout Low Entry/exit markers are plotted on the chart 🔔 Alerts Alerts are integrated for: Long Entry Short Entry You can create TradingView alerts using this script to automate notifications or connect to external bots (e.g., via webhook for Telegram or Discord). 🧠 How This Strategy Is Different While many breakout bots use standard Donchian channels, this version allows you to: Tune the breakout sensitivity (via the adjustable lookback period) Customize TP/SL without external inputs Integrate alerts for real-time decision making or automation The simplicity and flexibility make it useful as both a live tool and a framework for further development. ⚠️ Disclaimer This script is for educational purposes only. Backtests are based on historical data and do not guarantee future results. Always test thoroughly before using in live trading. Risk only what you can afford to lose.
Pine Script® strategy
by MEDUSA7
Smart Elliott Wave [The_lurker]🔷 Smart Elliott Wave – موجات إليوت الذكية A professional indicator for automatically detecting and analyzing Elliott Wave patterns on the chart. Built on classical Elliott Wave theory, it enhances accuracy with dynamic Fibonacci validation and geometric logic—solving the most common issues traders face when applying Elliott Wave manually: complexity, subjectivity, and misinterpretation of corrections. 🎯 Key Features Smart Elliott Wave offers a layered intelligent system that: - Automatically detects impulsive and corrective wave structures - Validates wave formations using Fibonacci rules - Highlights potential reversal zones (PRZ) - Sends instant alerts for newly detected patterns - Supports both bullish and bearish trends - Includes fully customizable user settings 🧠 Core Concept The indicator analyzes price movement over time using pivot points (discovered via `ta.pivothigh` and `ta.pivotlow`) to detect wave structures that conform to Elliott Wave sequencing: - Impulse Wave: 0-1-2-3-4-5 - Simple Correction: ABC - Complex Correction: WXY Each structure is validated through a strict set of logical rules combined with Fibonacci ratio checks to ensure pattern integrity and reduce false signals. 🧩 Wave Structure Components 1️⃣ Impulse Waves - Wave 3 is not the shortest - Wave 4 does not overlap Wave 1 - Waves 1, 3, and 5 are impulsive; Waves 2 and 4 are corrective - Fibonacci validation can be applied to Waves 2 and 4 if enabled 2️⃣ Simple Corrections (ABC) - Wave B partially retraces Wave A - Wave C completes the structure without invalid overlap - Fibonacci ratios validate the symmetry of A, B, and C (if enabled) 3️⃣ Complex Corrections (WXY) - Only used if ABC structure is insufficient - Requires 6 sequential pivot points: W, X, Y - W and Y are corrective; X is a linking wave - Follows both structural and ratio-based validations 📏 Dynamic Fibonacci Validation When Enable Fibonacci Rules is active: - Validates against common ratios: `38.2%`, `50%`, `61.8%`, `78.6%`, `127.2%`, `161.8%` - Adjustable **Fibonacci Tolerance** allows for controlled deviation - Patterns are ignored if ratios fall outside the accepted range 🔮 Potential Reversal Zones (PRZ) - Calculated from the most recent completed impulse wave - Uses Fibonacci extensions to project PRZ ahead of price - Customizable visibility and color for each ratio - Used as dynamic take-profit or stop-loss zones 🖍️ Dual Trend Detection & Wave Coloring - Supports both bullish and bearish patterns - Automatic wave coloring for quick visual recognition: - 🟦 Blue: Bullish waves - 🟥 Red: Bearish waves - Optional fill color for correction zones 🔔 Smart Alert System Instant alerts are triggered when a valid wave pattern is confirmed: - New impulse wave detected - ABC correction appears - Complex WXY correction formed > Alerts are triggered only after the bar closes to prevent repainting. ⚙️ Indicator Settings 📌 Wave Detection Settings - Pivot Left Strength: Bars to the left used for pivot detection - Pivot Right Strength: Bars to the right for confirmation (0 = real-time) - Enable Fibonacci Rules: Toggle Fibonacci ratio validation - Fibonacci Tolerance: Allowed deviation in percentage 🎨 Display Settings - Show Previous Patterns: Toggle between all patterns or only the latest - Fill correction zones with color - Customize wave and PRZ color schemes 📉 PRZ Settings - Show/hide specific Fibonacci ratios - Customize each PRZ color - Set maximum bar extension for PRZ display 🔕 Alert Settings - Enable or disable alerts for each type of pattern 📚 Practical Use Cases - Daily or intraday price structure analysis - Combine with RSI, MACD, or momentum indicators - Filter weak signals using Fibonacci-based pattern validation - Use PRZ zones as dynamic entry/exit targets - Learn and reinforce Elliott Wave theory through real-time examples 📝 Important Notes - Setting `Pivot Right = 0` allows for real-time pattern previews (may repaint) - Disabling Fibonacci validation increases pattern count but reduces accuracy - TradingView limits to 500 visual objects (labels, boxes, lines); older patterns may be removed - PRZ extends up to 100 bars or 0.618 of the previous impulse duration by default ⚠️ Disclaimer: This indicator is for educational and analytical purposes only. It does not constitute financial, investment, or trading advice. Use it in conjunction with your own strategy and risk management. Neither TradingView nor the developer is liable for any financial decisions or losses. 🔷 Smart Elliott Wave – موجات إليوت الذكية مؤشر احترافي لرصد وتحليل أنماط موجات إليوت تلقائيًا على الرسم البياني، يعتمد على المبادئ الكلاسيكية للنظرية مع تعزيزها بالتحقق الرياضي والهندسي، ويهدف إلى تجاوز العقبات التي يواجهها معظم المتداولين عند تطبيق موجات إليوت يدويًا، مثل صعوبة التحديد، التقديرات الذاتية، وتشويش التصحيحات. 🎯 ما الذي يميز هذا المؤشر؟ يُقدّم Smart Elliott Wave نظامًا تراكبيًا ذكيًا يقوم بـ: رصد تلقائي للموجات (الدافعة والتصحيحية) التحقق من صحة النموذج باستخدام قواعد فيبوناتشي عرض مناطق الانعكاس المحتملة (PRZ) توليد تنبيهات لحظية عند تشكّل أنماط جديدة دعم الاتجاهين (الصاعد والهابط) واجهة إعدادات مرنة قابلة للتخصيص الكامل 🧠 الفكرة الأساسية يعتمد المؤشر على تحليل حركة السعر عبر تسلسل زمني من النقاط المحورية (Pivots)، والتي تُكتشف باستخدام دوال مدمجة مثل ta.pivothigh وta.pivotlow. ثم يُبني فوق هذه النقاط نماذج هندسية متوافقة مع تسلسل موجات إليوت: الموجة الدافعة (Impulse): تسلسل 0-1-2-3-4-5 التصحيح البسيط (ABC) التصحيح المعقد (WXY) ويتم التحقق من كل نموذج اعتمادًا على قواعد إليوت + نسب فيبوناتشي، ما يضمن موضوعية التصنيف، ودقة التحديد. 🧩 مكوّنات التحليل: 1️⃣ الموجات الدافعة (Impulse Waves): يُشترط أن تكون الموجة الثالثة غير الأقصر. لا تتداخل الموجة الرابعة مع نطاق الموجة الأولى. تأكيد أن الموجات 1 و3 و5 دافعة، و2 و4 تصحيحية. يتم التحقق من نسب تصحيح الموجتين 2 و4 حسب قواعد فيبوناتشي عند تفعيلها. 2️⃣ التصحيح البسيط (ABC): B تصحيح جزئي للموجة A. C تُكمل الهيكل بدون تداخل مع A. يتم التحقق من أطوال الموجات وفق نسب فيبوناتشي لضمان التناسق. 3️⃣ التصحيح المعقد (WXY): لا يتم تفعيله إلا عند فشل ABC في تفسير النمط. يتطلب 6 نقاط محورية متسلسلة: W, X, Y. W وY تصحيحيتان، وX رابط مركزي. يخضع أيضًا لقواعد النسب والتماثل البنائي. 📏 التحقق باستخدام نسب فيبوناتشي: عند تفعيل خاصية Enable Fibonacci Rules، يتم التحقق الصارم من نسب تصحيح الموجات: النسب المعتمدة: 38.2%, 50%, 61.8%, 78.6%, 127.2%, 161.8% إذا لم تكن الموجة ضمن نطاق النسبة + نسبة التسامح (Tolerance)، يتم تجاهل النموذج. يُستخدم هذا التحقق أيضًا لرسم مناطق الانعكاس المحتملة (PRZ). 🔮 مناطق الانعكاس المحتملة (PRZ) تُحسب PRZ باستخدام نسب فيبوناتشي انطلاقًا من نهاية آخر موجة دافعة. تُعرض بشكل مستطيلات شفافة أو ملونة. يمكن تخصيص كل نسبة لونًا وشكلًا خاصًا. تُستخدم PRZ كأداة توقع للموجة التالية أو لتحديد أهداف وقف الخسارة وجني الأرباح ديناميكيًا. 🖍️ دعم الاتجاهين وتلوين الموجات: يدعم المؤشر النماذج الصاعدة والهابطة بشكل تلقائي. يتم استخدام تلوين بصري لتسهيل التمييز: الأزرق: للموجات الصاعدة الأحمر: للموجات الهابطة لون تعبئة مخصص لمناطق التصحيح 🔔 نظام التنبيهات الذكية يحتوي المؤشر على تنبيهات تلقائية يتم تفعيلها عند اكتمال أي نمط جديد. يدعم التنبيهات التالية: موجة دافعة جديدة تصحيح بسيط ABC تصحيح معقد WXY التنبيهات تُطلق بعد إغلاق الشمعة التي تحقق فيها النموذج (غير فوري Repainting-safe) ⚙️ إعدادات المؤشر 📌 إعدادات تحليل الموجة: Pivot Left Strength: عدد الأعمدة (bars) إلى اليسار لتحديد الانعكاس Pivot Right Strength: الأعمدة إلى اليمين لتأكيد الانعكاس (0 يعني تنبؤ لحظي) Enable Fibonacci Rules: تفعيل/تعطيل التحقق من فيبوناتشي Fibonacci Tolerance: نسبة التفاوت المقبولة بالنسب المئوية 🎨 إعدادات العرض: Show Previous Patterns: إظهار كل الأنماط المكتشفة أو آخر نمط فقط PRZ Settings: إظهار أو إخفاء نسب معينة تخصيص الألوان تحديد امتداد مربع PRZ زمنيًا (Max Bars) 🔕 إعدادات التنبيهات: تفعيل/تعطيل تنبيه عند كل نمط جديد 📚 حالات الاستخدام العملية: تحليل الحركة السعرية في بداية كل جلسة دمج المؤشر مع أدوات مثل RSI أو MACD للحصول على إشارات مركّبة مراقبة الموجات التوسعية والتصحيحية على فواصل 4H / Daily استخدام PRZ كأداة لتحديد الأهداف أو وقف الخسارة التعلم العملي لنظرية إليوت من خلال أمثلة حية 📝 ملاحظات مهمة: تعيين Pivot Right = 0 يعني نقاط فورية (قد يعاد رسمها لاحقًا) تعطيل فيبوناتشي يزيد عدد النماذج، لكن قد يُضعف دقتها TradingView يحد عدد الكائنات المرسومة (Labels, Boxes, Lines) إلى 500، مما قد يؤدي إلى حذف الأنماط الأقدم تلقائيًا PRZ يمتد افتراضيًا حتى 100 شمعة، أو 0.618 من مدة الموجة الدافعة السابقة ⚠️ إخلاء مسؤولية: هذا المؤشر لأغراض تعليمية وتحليلية فقط. لا يُمثل نصيحة مالية أو استثمارية أو تداولية. استخدمه بالتزامن مع استراتيجيتك الخاصة وإدارة المخاطر. لا يتحمل TradingView ولا المطور مسؤولية أي قرارات مالية أو خسائر.
Pine Script® indicator
by The_lurker
WT + Stoch RSI Reversal ComboOverview – WT + Stoch RSI Reversal Combo This custom TradingView indicator combines WaveTrend (WT) and Stochastic RSI (Stoch RSI) to detect high-probability market reversal zones and generate Buy/Sell signals. It enhances accuracy by requiring confirmation from both oscillators, helping traders avoid false signals during noisy or weak trends. 🔧 Key Features: WaveTrend Oscillator with optional Laguerre smoothing. Stochastic RSI with adjustable smoothing and thresholds. Buy/Sell combo signals when both indicators agree. Histogram for WT momentum visualization. Configurable overbought/oversold levels. Custom dotted white lines at +100 / -100 levels for reference. Alerts for buy/sell combo signals. Toggle visibility for each element (lines, signals, histogram, etc.). ✅ How to Use the Indicator 1. Add to Chart Paste the full Pine Script code into TradingView's Pine Editor and click "Add to Chart". 2. Understand the Signals Green Triangle (BUY) – Appears when: WT1 crosses above WT2 in oversold zone. Stoch RSI %K crosses above %D in oversold region. Red Triangle (SELL) – Appears when: WT1 crosses below WT2 in overbought zone. Stoch RSI %K crosses below %D in overbought region. ⚠️ A signal only appears when both WT and Stoch RSI agree, increasing reliability. 3. Tune Settings Open the settings ⚙️ and adjust: Channel Lengths, smoothing, and thresholds for both indicators. Enable/disable visibility of: WT lines Histogram Stoch RSI Horizontal level lines Combo signals 4. Use with Price Action Use this indicator in conjunction with support/resistance zones, chart patterns, or trendlines. Works best on lower timeframes (5m–1h) for scalping or 1h–4h for swing trading. 5. Set Alerts Set alerts using: "WT + Stoch RSI Combo BUY Signal" "WT + Stoch RSI Combo SELL Signal" This helps you catch setups in real time without watching the chart constantly. 📊 Ideal Use Cases Reversal trading from extremes Mean reversion strategies Timing entries/exits during consolidations Momentum confirmation for breakouts
Pine Script® indicator
by grigory84
Smart Money Concepts - By TradingNexus – Pro Visual Edition📊 Smart Money Concepts by TradingNexus This script is designed for clean and visual Smart Money analysis. This script identifies Smart Money Concepts with a clean and powerful visual layout, focusing on high-probability zones. It displays: Order Blocks (OB↑ / OB↓) when there's strong bullish or bearish candle reversal. Fair Value Gaps (FVG↑ / FVG↓) only after impulsive candles (e.g., breaking previous highs/lows). Break of Structure (BOS↑ / BOS↓) when a real structural shift happens. 🔥 Strong Zones only when OB + FVG + BOS align — these are ideal institutional entry areas.
Pine Script® indicator
by TradingNXcom
Squeeze Pro Momentum BAR color - KLTDescription: The Squeeze Pro Momentum indicator is a powerful tool designed to detect volatility compression ("squeeze" zones) and visualize momentum shifts using a refined color-based system. This script blends the well-known concepts of Bollinger Bands and Keltner Channels with an optimized momentum engine that uses dynamic color gradients to reflect trend strength, direction, and volatility. It’s built for traders who want early warning of potential breakouts and clearer insight into underlying market momentum. 🔍 How It Works: 📉 Squeeze Detection: This indicator identifies "squeeze" conditions by comparing Bollinger Bands and Keltner Channels: When Bollinger Bands are inside Keltner Channels → Squeeze is ON When Bollinger Bands expand outside Keltner Channels → Squeeze is OFF You’ll see squeeze zones classified as: Wide Normal Narrow Each represents varying levels of compression and breakout potential. ⚡ Momentum Engine: Momentum is calculated using linear regression of the price's deviation from a dynamic average of highs, lows, and closes. This gives a more accurate representation of directional pressure in the market. 🧠 Smart Candle Coloring (Optimized): The momentum color logic is inspired by machine learning principles (no hardcoded thresholds): EMA smoothing and rate of change (ROC) are used to detect momentum acceleration. ATR-based filters help remove noise and false signals. Colors are dynamically assigned based on both direction and trend strength. 🧪 How to Use It: Look for Squeeze Conditions — especially narrow squeezes, which tend to precede high-momentum breakouts. Confirm with Momentum Color — strong colors often indicate trend continuation; fading colors may signal exhaustion. Combine with Price Action — use this tool with support/resistance or patterns for higher probability setups. Recommended For: Trend Traders Breakout Traders Volatility Strategy Users Anyone who wants visual clarity on trend strength 📌 Tip: This indicator works great when layered with volume and price action patterns. It is fully non-repainting and supports overlay on price charts.
Pine Script® indicator
by KeyLevelsTrading-KLT
MR.Z Strategy Reversal Signal Nadaraya SMA)Nadaraya-Watson Envelope (NW Envelope): A smoothed, non-linear dynamic envelope that adapts to price structure. It visually identifies price extremes using kernel regression. The upper and lower bands move with the chart and provide reliable dynamic support and resistance. EMA Levels: Includes three key exponential moving averages: EMA 50 (short-term trend) EMA 100 (medium-term) EMA 200 (long-term, institutional level) Fully Scrollable and Responsive: All lines and envelopes are plotted using plot() so they move with the chart and respond to zoom and pan actions naturally. 🧠 Ideal Use: Identify reversal zones, dynamic support/resistance, and trend momentum exhaustion. Combine WTB and NW Envelope for confluence-based entries. Use EMA structure for trend confirmation or breakout anticipation. Let me know if you'd like to add: Divergence detection Buy/Sell signals Alerts or signal filtering options I’ll be happy to extend the description or the script accordingly!
Pine Script® indicator
by grigory84
Momentum Candle ProjectionThis indicator projects future price momentum by calculating a directional vector from recent price movements. It uses a custom implementation of the atan2 function to create a vector average of the last N candles and visualizes this projection as a synthetic future candle. 🔍 What It Does: ✅ Tracks recent momentum using geometric vectors from price change. ✅ Projects a synthetic "momentum candle" one bar ahead, showing anticipated direction and magnitude. ✅ Optionally plots a secondary "future candle" based on a smoothed estimate of projected price vs. real current close. ⚙️ Settings: Vector Lookback (bars): Controls how many bars are used to calculate the momentum vector. Projection Length Multiplier: Adjusts how far forward the vector is projected based on its strength. 🟢 How To Use: Use the lime/red projection candle to anticipate short-term directional bias. Use the orange/maroon future candle to compare projected continuation vs. current closing price. Spot early reversals, continuation zones, and momentum decay in real-time.
Pine Script® indicator
by gulls
🧠 Aggressive RSI + EMA Strategy with TP/SL⚙️ How It Works RSI-Based Entries: Buys when RSI is below 40 (oversold) and trend is up (fast EMA > slow EMA). Sells when RSI is above 60 (overbought) and trend is down (fast EMA < slow EMA). Trend Filter: Uses two EMAs (short/long) to filter signals and avoid trading against momentum. Risk Management: Default Take Profit: +1% Default Stop Loss: -0.5% This creates a 2:1 reward-to-risk setup. 📊 Backtest Settings Initial Capital: $10,000 Order Size: 10% of equity per trade (adjustable) Commission: 0.04% per trade (Binance spot-style) Slippage: 2 ticks Tested on: BTC/USDT – 15min timeframe (suitable for high-frequency scalping) Trade Sample: (Adjust this based on your actual results.) 🔔 Features Built-in alerts for buy/sell signals Visual chart plots for entry/exit, RSI, EMAs Customizable inputs for RSI thresholds, TP/SL %, EMA lengths 💡 Why It’s Unique Unlike many RSI systems that trade blindly at 70/30 levels, this strategy adds a trend filter to boost signal quality. The tight TP/SL configuration is tailored for scalpers and intraday momentum traders who prefer quick, consistent trades over long holds.
Pine Script® strategy
by MEDUSA7
Fibonacci Sequence Moving Average [BackQuant]Fibonacci Sequence Moving Average with Adaptive Oscillator 1. Overview The Fibonacci Sequence Moving Average indicator is a two‑part trading framework that combines a custom moving average built from the famous Fibonacci number set with a fully featured oscillator, normalisation engine and divergence suite. The moving average half delivers an adaptive trend line that respects natural market rhythms, while the oscillator half translates that trend information into a bounded momentum stream that is easy to read, easy to compare across assets and rich in confluence signals. Everything from weighting logic to colour palettes can be customised, so the tool comfortably fits scalpers zooming into one‑minute candles as well as position traders running multi‑month trend following campaigns. 2. Core Calculation Fibonacci periods – The default length array is 5, 8, 13, 21, 34. A single multiplier input lets you scale the whole family up or down without breaking the golden‑ratio spacing. For example a multiplier of 3 yields 15, 24, 39, 63, 102. Component averages – Each period is passed through Simple Moving Average logic to produce five baseline curves (ma1 through ma5). Weighting methods – You decide how those five values are blended: • Equal weighting treats every curve the same. • Linear weighting applies factors 1‑to‑5 so the slowest curve counts five times as much as the fastest. • Exponential weighting doubles each step for a fast‑reacting yet still smooth line. • Fibonacci weighting multiplies each curve by its own period value, honouring the spirit of ratio mathematics. Smoothing engine – The blended average is then smoothed a second time with your choice of SMA, EMA, DEMA, TEMA, RMA, WMA or HMA. A short smoothing length keeps the result lively, while longer lengths create institution‑grade glide paths that act like dynamic support and resistance. 3. Oscillator Construction Once the smoothed Fib MA is in place, the script generates a raw oscillator value in one of three flavours: • Distance – Percentage distance between price and the average. Great for mean‑reversion. • Momentum – Percentage change of the average itself. Ideal for trend acceleration studies. • Relative – Distance divided by Average True Range for volatility‑aware scaling. That raw series is pushed through a look‑back normaliser that rescales every reading into a fixed −100 to +100 window. The normalisation window defaults to 100 bars but can be tightened for fast markets or expanded to capture long regimes. 4. Visual Layer The oscillator line is gradient‑coloured from deep red through sky blue into bright green, so you can spot subtle momentum shifts with peripheral vision alone. There are four horizontal guide lines: Extreme Bear at −50, Bear Threshold at −20, Bull Threshold at +20 and Extreme Bull at +50. Soft fills above and below the thresholds reinforce the zones without cluttering the chart. The smoothed Fib MA can be plotted directly on price for immediate trend context, and each of the five component averages can be revealed for educational or research purposes. Optional bar‑painting mirrors oscillator polarity, tinting candles green when momentum is bullish and red when momentum is bearish. 5. Divergence Detection The script automatically looks for four classes of divergences between price pivots and oscillator pivots: Regular Bullish, signalling a possible bottom when price prints a lower low but the oscillator prints a higher low. Hidden Bullish, often a trend‑continuation cue when price makes a higher low while the oscillator slips to a lower low. Regular Bearish, marking potential tops when price carves a higher high yet the oscillator steps down. Hidden Bearish, hinting at ongoing downside when price posts a lower high while the oscillator pushes to a higher high. Each event is tagged with an ℝ or ℍ label at the oscillator pivot, colour‑coded for clarity. Look‑back distances for left and right pivots are fully adjustable so you can fine‑tune sensitivity. 6. Alerts Five ready‑to‑use alert conditions are included: • Bullish when the oscillator crosses above +20. • Bearish when it crosses below −20. • Extreme Bullish when it pops above +50. • Extreme Bearish when it dives below −50. • Zero Cross for momentum inflection. Attach any of these to TradingView notifications and stay updated without staring at charts. 7. Practical Applications Swing trading trend filter – Plot the smoothed Fib MA on daily candles and only trade in its direction. Enter on oscillator retracements to the 0 line. Intraday reversal scouting – On short‑term charts let Distance mode highlight overshoots beyond ±40, then fade those moves back to mean. Volatility breakout timing – Use Relative mode during earnings season or crypto news cycles to spot momentum surges that adjust for changing ATR. Divergence confirmation – Layer the oscillator beneath price structure to validate double bottoms, double tops and head‑and‑shoulders patterns. 8. Input Summary • Source, Fibonacci multiplier, weighting method, smoothing length and type • Oscillator calculation mode and normalisation look‑back • Divergence look‑back settings and signal length • Show or hide options for every visual element • Full colour and line width customisation 9. Best Practices Avoid using tiny multipliers on illiquid assets where the shortest Fibonacci window may drop under three bars. In strong trends reduce divergence sensitivity or you may see false counter‑trend flags. For portfolio scanning set oscillator to Momentum mode, hide thresholds and colour bars only, which turns the indicator into a heat‑map that quickly highlights leaders and laggards. 10. Final Notes The Fibonacci Sequence Moving Average indicator seeks to fuse the mathematical elegance of the golden ratio with modern signal‑processing techniques. It is not a standalone trading system, rather a multi‑purpose information layer that shines when combined with market structure, volume analysis and disciplined risk management. Always test parameters on historical data, be mindful of slippage and remember that past performance is never a guarantee of future results. Trade wisely and enjoy the harmony of Fibonacci mathematics in your technical toolkit.
Pine Script® indicator
by BackQuant
Expansion Triangle [TradingFinder] MegaPhone Broadening🔵 Introduction The Expanding Triangle, also known as the Broadening Formation, is one of the key technical analysis patterns that clearly reflects growing market volatility, increasing indecision among participants, and the potential for sharp price explosions. This pattern is typically defined by a sequence of higher highs and lower lows, forming within two diverging trendlines. Unlike traditional triangles that converge to a breakout point, the expanding triangle pattern becomes wider over time, leaving no precise apex for a breakout to occur. From a price action perspective, the pattern represents a prolonged tug-of-war between buyers and sellers, where neither side has taken control yet. Each aggressive swing opens the door to new opportunities whether it's a trend reversal, range trading, or a momentum breakout. This dual nature makes the pattern highly versatile across market conditions, from exhausted trend ends to volatile consolidation zones. The custom-built indicator for this pattern uses a combination of smart algorithms and detailed analysis of swing dynamics to automatically detect expanding triangles and highlight low-risk entry points. Traders can use this tool to capitalize on high-probability setups from shorting near the upper edge of the structure with confirmation, to trading bearish breakouts during trend continuations, or entering long positions near the lower boundary during bullish reversals. The chart examples included in this article demonstrate these three highly practical trading scenarios in live market conditions. A major advantage of this indicator lies in its structural filtering engine, which analyzes the behavior of each price leg in the triangle. With four adjustable filter levels from Very Aggressive, which highlights all potential patterns, to Very Defensive, which only triggers when price actually touches the triangle's trendlines the indicator ensures that only structurally sound and verified setups appear on the chart, reducing noise and false signals significantly. Long Setup : Short Setup : 🔵 How to Use The pattern typically forms in conditions of heightened uncertainty and volatility, where price swings generate a series of higher highs and lower lows. The expanding triangle consists of three key legs bounded by diverging trendlines. The indicator intelligently analyzes each leg's direction and angle to determine whether a valid pattern is forming. At the core of the indicator’s logic is its leg filtering system, which controls the quality of the pattern and filters out weak or noisy setups. Four structural filter modes are available to suit different trading styles and risk preferences. In Very Aggressive mode, filters are disabled, and the indicator detects any pattern purely based on the sequence of swing points. This mode is ideal for traders who want to see everything and apply their own discretion. In Aggressive mode, the indicator checks whether each new leg extends no more than twice the length of the previous one. If a leg overshoots excessively, the structure is invalidated. In Defensive mode, the filter enforces a minimum movement requirement each leg must move at least 2% of the previous one. This prevents the formation of shallow, weak patterns that visually resemble triangles but lack substance. The strictest setting, Very Defensive, combines all previous filters and additionally requires the price to physically touch the triangle’s trendlines before issuing a signal. This ensures that setups only appear when real market interaction with key structural levels has occurred, not based on assumptions or geometry alone. This mode is ideal for traders seeking maximum precision and minimal risk. 🟣 Bullish Setup A bullish setup within the Expanding Triangle pattern occurs when price revisits the lower support boundary after a series of broad swings typically near the third leg of the formation. This area often represents a shift in momentum, where sellers begin to lose strength and buyers prepare to take control. Ideally, the setup is accompanied by a bullish reversal candle (e.g. doji, pin bar, or engulfing) near the lower trendline. If the Very Defensive filter is active, the indicator will only issue a signal if price makes a confirmed touch on the trendline and reacts from that level. This significantly improves signal accuracy and filters out premature entries. After confirmation, traders may choose to enter a long position on the bullish candle or shortly afterward. A logical stop-loss is placed just below the recent swing low within the pattern. The target can be set at or near the upper trendline, or projected using the full height of the triangle added to the breakout point. On higher timeframes, this reversal often marks the beginning of a strong uptrend. 🟣 Bearish Setup A bearish setup forms when price climbs toward the upper resistance trendline, usually as the third leg completes. This is where buyers often begin to show exhaustion, and sellers step in with strength providing an ideal low-risk entry point for short positions. As with the bullish setup, if the Candle Confirmation filter is enabled, the indicator will only show a signal when a bearish reversal candle forms at the point of contact. If Defensive or Very Defensive filters are also active, the setup must meet strict criteria of proportionate leg movement and an actual trendline touch to qualify. Once confirmed, traders can enter on the reversal candle, placing a stop-loss slightly above the recent high. The target can be set at the lower trendline or calculated based on the triangle's full height, projected downward. This setup is particularly useful at the end of weak bullish trends or in volatile market tops. 🔵 Settings 🟣 Logic Settings Pivot Period : Defines how many bars are analyzed to identify swing highs and lows. Higher values detect larger, slower structures, while lower values respond to faster patterns. The default value of 13 offers a balanced sensitivity. Pattern Filter : Very Aggressive : Detects all patterns based on point sequence with no structural checks. Aggressive : Ensures each leg is no more than 2x the size of the previous one. Defensive : Requires each leg to be at least 2% the size of the previous leg. Very Defensive : The strictest level; only confirms patterns when price touches trendlines. Candle Confirmation : When enabled, the indicator requires a valid confirmation candle (doji, pin bar, engulfing) at the interaction point with the trendline before issuing a signal. This reduces false entries and improves entry precision. 🟣 Alert Settings Alert : Enables alerts for SSS. Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'. Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'. 🔵 Conclusion The Expanding Triangle pattern, with its wide structure and volatility-driven nature, represents chaos but also opportunity. For traders who can read its behavior, it provides some of the most powerful setups for reversals, breakouts, and range-based trades. While the pattern may seem messy at first glance, it is built on clear logic and when properly detected, it offers high-probability opportunities. This indicator doesn’t just draw expanding triangles it intelligently evaluates their structural quality, validates price interaction through candle confirmation, and allows the trader to fine-tune the detection logic through adjustable filter levels. Whether you’re a reversal trader looking for a turning point, or a breakout trader hunting momentum, this tool adapts to your strategy. In volatile or uncertain markets, where fakeouts and sudden shifts are common, this indicator can become a cornerstone of your trading system helping you turn volatility into structured, high-quality opportunities.
Pine Script® indicator
by TFlab