TPG Trend + MACDUser Guide for "TPG Trend + MACD"
Author: TrungChuThanh
🔎 Main Functions
The TPG Trend + MACD indicator is a combined tool that integrates:
TPG Trend Histogram (spread between fast and slow EMA)
MACD Line & Signal for confirming trend momentum
Buy/Sell signals displayed directly on the indicator panel
⚙️ Components and Meaning
1️⃣ TPG Trend Histogram
Calculated from the difference between Fast EMA (9) and Slow EMA (26).
Light gray bars = bullish trend (spread > 0)
Dark gray bars = bearish trend (spread < 0)
Signal triggers:
B1 (green label): Crossover above 0 → Buy signal
S1 (red label): Crossunder below 0 → Sell signal
2️⃣ MACD Line & Signal
Consists of:
MACD Line = EMA(12) – EMA(26)
Signal Line = EMA(9) of the MACD Line
Confirmation signals:
B2 (blue triangle): MACD crosses above Signal → Buy confirmation
S2 (orange triangle): MACD crosses below Signal → Sell confirmation
MACD Line: Blue
Signal Line: Orange
📌 How to Use
Determine the main trend using the TPG Histogram
→ When the histogram crosses above zero → Consider Buy
→ When it crosses below zero → Consider Sell
Use MACD to confirm trend direction or optimize entry timing
✅ Prefer signals when both TPG and MACD align (e.g., B1 + B2 or S1 + S2)
⚠️ Avoid using the indicator alone; combine with support/resistance, RSI, volume, or other tools for higher accuracy
🛠️ Adjustable Parameters
Fast/Slow EMA for TPG Trend
Fast/Slow/Signal for MACD
Toggle to show/hide TPG and MACD elements in the panel
⚠️ Notes
This is a technical analysis tool, not investment advice
Always apply risk management, set clear stop-loss, and confirm signals across multiple timeframes
Indicadores de Bill Williams
VIDYA (Chande)This script brings you VIDYA – the Variable Index Dynamic Average, developed by Tushar Chande. It’s not your typical moving average. Unlike the standard SMA or EMA, VIDYA adapts its speed and smoothness based on real-time market momentum using the Chande Momentum Oscillator (CMO).
Think of it like a moving average that gets faster during strong trends and slows down during sideways or choppy markets — just like how a smart trader would!
🧠 What Makes VIDYA Different?
Traditional moving averages use fixed smoothing, so they lag more during big moves or chop during weak trends.
VIDYA fixes that by adapting its behavior dynamically:
When momentum is strong → VIDYA reacts faster 🚀
When momentum is weak → VIDYA smooths out the noise 🧘
⚙️ How It Works (Explained Simply):
1️⃣ CMO Calculation (Chande Momentum Oscillator):
We look at the past cmoLength candles (default 9) and:
i) Add up all the positive price changes (gains)
ii) Add up all the negative price changes (losses)
iii) Use those to compute a normalized momentum score between -100 and +100
📌 CMO = (Gains - Losses) / (Gains + Losses)
• This gives us a momentum reading that powers the next step.
2️⃣ Dynamic Alpha Smoothing:
• We convert the absolute value of the CMO into an alpha — this is the "speed" of the VIDYA.
📌 Higher momentum = higher alpha → faster response
📌 Lower momentum = lower alpha → smoother behavior
3️⃣ VIDYA Formula:
• Finally, we apply the smoothing:
📌 VIDYA = α × Price + (1 - α) × Previous VIDYA
• This equation continuously adapts to market behavior — trending or ranging.
📊 What’s Plotted?
🟠 The VIDYA Line:
A smooth, responsive line plotted on your price chart that adjusts in real-time with price momentum.
🔎 How to Use It:
✅ Use it like a moving average, but smarter:
• Price > VIDYA and rising → Trend is likely up
• Price < VIDYA and falling → Trend is likely down
• Flat VIDYA = Possible consolidation or sideways market
✅ Combine with:
• Breakout strategies (VIDYA confirms momentum)
• Reversal entries (look for price crossing VIDYA)
• Volatility filters (ignore signals when VIDYA flattens)
🧪 Bonus Tip:
Pair this with a volume indicator (like my Volume Confirmation Bars or Volume Strength Highlight) to confirm whether momentum is backed by real participation or just a fakeout.
📩 Want alerts, dual-timeframe overlays, or VIDYA with other base inputs (like typical price or HLC3)? Let me know — happy to expand this for your setup!
Stay adaptive, not reactive — trade smarter with VIDYA! 🧠📉📈
GStrategy with Long & Short WIF 1hThis is a 4-hour chart strategy for cryptocurrency trading, combining RSI-based divergence signals and trend filters. The script identifies bullish and bearish divergences, and executes long and short entries based on RSI levels. It limits holding time per trade, controls risk with stop-loss and take-profit levels, and provides visual markers for entries and exits. The strategy is designed for intraday to swing trading, aiming for consistent small gains with minimal losses.
BW MFI fixed v6Bill Williams MFI
Sure! Here’s an English description of the indicator you have:
---
### Bill Williams Market Facilitation Index (MFI) — Indicator Description
This indicator implements the **Market Facilitation Index (MFI)** as introduced by Bill Williams. The MFI measures the market's willingness to move the price by comparing the price range to the volume.
---
### How it works:
* **MFI Calculation:**
The MFI is calculated as the difference between the current bar’s high and low prices divided by the volume of that bar:
$$
\text{MFI} = \frac{\text{High} - \text{Low}}{\text{Volume}}
$$
* **Color Coding Logic:**
The indicator compares the current MFI and volume values to their previous values and assigns colors to visualize market conditions according to Bill Williams’ methodology:
| Color | Condition | Market Interpretation |
| ----------- | ------------------ | --------------------------------------------------------------------------------------------- |
| **Green** | MFI ↑ and Volume ↑ | Strong trend continuation or acceleration (increased price movement supported by volume) |
| **Brown** | MFI ↓ and Volume ↓ | Trend weakening or possible pause (both price movement and volume are decreasing) |
| **Blue** | MFI ↑ and Volume ↓ | Possible false breakout or lack of conviction (price moves but volume decreases) |
| **Fuchsia** | MFI ↓ and Volume ↑ | Market indecision or battle between bulls and bears (volume rises but price movement shrinks) |
| **Gray** | None of the above | Neutral or unchanged market condition |
* **Display:**
The indicator plots the MFI values as colored columns on a separate pane below the price chart, providing a visual cue of the market’s behavior.
---
### Purpose:
This tool helps traders identify changes in market momentum and the strength behind price moves, providing insight into when trends might accelerate, weaken, or potentially reverse.
---
If you want, I can help you write a more detailed user guide or trading strategy based on this indicator!
GMB EMA Cross Bar Color SignalIt was created for our trader friends on Discord; there's no cost involved.
Liquidity-Quant Execution Score (LQES)Liquidity-Quant Execution Score (LQES)
Precision execution insights made simple — your go-to score for market clarity.
What you see:
A dynamic line score plotted clearly below your chart that reflects the market’s execution strength.
Color-coded threshold bands —
The upper red band signals zones where caution is advised (potential bearish conditions).
The lower green band marks areas of potential bullish strength.
A shaded purple zone between the bands that highlights “normal” or neutral conditions.
Features:
Designed to give you a clear sense of market execution dynamics without complex numbers.
Adjustable input parameters allow you to tailor the sensitivity and timeframe to your strategy.
Includes fixed alert conditions to notify you when the score crosses key zones — so you never miss important signals.
How to use it:
Watch for the score crossing above the upper red line — this could hint at increasing market pressure to the downside.
When the score drops below the lower green line, it may suggest bullish momentum picking up.
Use the middle purple zone to identify calm or balanced periods — ideal for preparation or cautious trading.
Why traders rely on LQES:
This indicator translates complex market execution data into one straightforward, visually intuitive score — making it easier to spot shifts in liquidity and price action that matter most for smart entries and exits.
No need to second guess. Just watch the score, respect the zones, and integrate it smoothly with your trading plan.
Volume Confirmation Bars📊
This script is a leveled-up companion to my earlier Volume Strength Highlight — but this time, it’s built with more focus on confirmation, clarity, and cleaner visual impact directly on your price chart.
🧠 What is this about?
This tool highlights candles only when volume truly matters — either when it’s unusually high or conspicuously low, compared to its recent average.
It uses a simple but powerful method:
A customizable SMA-based volume baseline
A multiplier filter to define what counts as "strong" or "weak" volume
Optional bar coloring to show volume sentiment right on your chart — no need to stare at the volume pane anymore.
🧮 How it works:
Average Volume Line:
We calculate a moving average (default 18 candles) of the volume. This acts as our benchmark.
Volume Spike Rule:
If current volume is above the average × multiplier (say, 1.3×), it’s marked as High Volume.
Low Volume Rule:
If current volume is below the average ÷ multiplier, it’s marked as Low Volume.
Bar Coloring:
🟢 High Volume Candle? → Green bar (you can customize it)
🔴 Low Volume Candle? → Red bar (also customizable)
Volume in between? → No coloring, just regular candles
This gives you instant volume sentiment, directly overlaid on price.
🔎 Why it matters:
Many traders watch for volume confirmation — whether it's a breakout, trend continuation, or reversal. But raw volume alone is noisy.
This script shows "when the crowd is truly active or asleep", making it perfect for:
Breakout strategies 🧨
Fakeout avoidance ⚠️
Confirming momentum moves 🚀
Identifying silent zones before news drops 📉
🛠 Settings You Control:
MA Length: How smooth or sensitive the baseline should be
Multiplier: Adjust how strict volume spikes need to be
Enable/Disable Coloring: Use as a visual tool or just a backend confirmation filter
Custom Colors: Match your theme 🎨
🧪 Tip:
You can combine this with any strategy or indicator — especially trend-following or candlestick-based tools like:
TSI / MACD
Engulfing or Hammer Candles
Support/Resistance Breakouts
✅ Use it as a volume filter, not a standalone system.
🔥 Works great with my "Volume Strength Highlight" script — use both together for better clarity!
Let me know if you’d like divergence alerts, volume zone shading, or a multi-timeframe version — always happy to build more for the community! 💬
Vervoort's True Strength Index (TSI)Hi traders! 👋
This script brings you a clean and enhanced version of the True Strength Index (TSI) developed by William Blau and later popularized by M.H. Vervoort.
It’s a momentum-based oscillator that helps identify trend direction, strength, and potential reversals with reduced noise and smoother signals compared to RSI or MACD.
🔍 What This Script Does:
Plots the TSI line — a smoothed momentum oscillator
Adds a signal line (EMA of TSI) to identify crossovers
Displays a histogram to visually show the difference between TSI and the signal line
Includes a zero line to detect trend shifts
📘 How It Works — Explained Line by Line:
momentum = price - price
We measure raw momentum (how much price changed since the last candle).
doubleSmoothedMomentum = ta.ema(ta.ema(momentum, short), long)
This is the core: we apply two layers of EMA smoothing to filter out noise and get clean momentum flow.
doubleSmoothedAbsMomentum = ta.ema(ta.ema(abs(momentum), short), long)
Same smoothing, but on absolute momentum (we use this for normalization).
TSI = 100 * (smoothed momentum / smoothed absolute momentum)
This gives us a bounded, normalized oscillator between roughly -100 and +100.
High positive values = strong bullish momentum.
Low negative values = strong bearish momentum.
Signal = EMA of TSI
Just like MACD — we smooth TSI again to generate a signal line for crossovers.
Histogram = TSI - Signal
This is the difference between the TSI and the signal. Positive = bullish bias; negative = bearish bias.
🟦 Plots on the Chart:
🔵 TSI Line (blue): Main momentum signal
🟠 Signal Line (orange): EMA of TSI, used for crossovers
🟩🟥 Histogram (green/red columns): Shows who’s in control — bulls or bears
⚪ Zero Line (gray dashed): Momentum flips around this line
✅ How to Use It:
TSI crossing above signal line → Potential bullish momentum
TSI crossing below signal line → Possible bearish shift
Both lines above zero → Uptrend confirmation
Both below zero → Downtrend confirmation
Histogram changing color → Early clue of a shift in strength
🔁 You can adjust the Short, Long, and Signal EMA lengths to fit your strategy (shorter = faster but noisier, longer = smoother but slower).
⚠️ Note:
Works best with trend-following or breakout strategies
Combine with volume or price action to confirm signals
Avoid using it alone in sideways markets (like all oscillators)
💬 Let me know if you'd like to add divergence detection, alerts, or multi-timeframe filters — happy to build on it!
Hope this helps make your trading clearer and more confident 🚀
Larsson Line CLONE with BULL/BEAR NoticesLarsson Line CLONE
This script is a trend-following indicator that uses two Smoothed Moving Averages (SMMA) to identify bullish, bearish, and neutral market conditions.
How It Works
The indicator plots two SMMAs:
- A fast line (15-period SMMA)
- A slow line (29-period SMMA)
The trend direction is determined by comparing these two lines:
- When the 15-period SMMA is above the 29-period SMMA, the trend is bullish (shown in yellow).
- When the 15-period SMMA is below the 29-period SMMA, the trend is bearish (shown in blue).
- When the lines are crossing or equal, the trend is neutral (gray).
The area between the two SMMAs is also filled with the corresponding color, providing visual clarity.
How to Use
Use the color changes to identify trend direction and potential entry/exit signals:
- Bullish entry: When the trend turns yellow from blue/gray.
- Bearish entry: When the trend turns blue from yellow/gray.
- Exit signal: When the color changes against your position.
It is most effective when used with:
- Volume analysis
- Candlestick confirmation
- RSI/Stochastics for overbought/oversold filters
- Higher timeframes for multi-timeframe confirmation
Note: This indicator is based entirely on SMMA crossover logic, and does not repaint. It is most useful in trending markets.
9:15 Range with 0.09% BufferThis strategy is based on the first 9:15 AM candle for Nifty, which is considered a key reference point (also called the "GAN level entry"). It defines a range around the high and low of the 9:15 candle with a 0.09% buffer on both sides.
The upper buffer level acts as a potential resistance.
The lower buffer level acts as a potential support.
When the price crosses above the upper buffer, it signals a possible entry for a Call option (CE) or a long position.
When the price crosses below the lower buffer, it signals a possible entry for a Put option (PE) or a short position.
This approach helps traders identify early breakout opportunities based on the opening candle range, aiming to capture momentum moves in either direction during the trading session.
EMA Cross Bar Color SignalThis was created for my trader friends in our Discord community, and it's free of charge.
Bullish/Bearish Market IndicatorIt shows clearly if bullish or bearish, it is a very clear pine and a game changer
WT 4H + 1D Oscillator + Cross Dots + Alert TrianglesThis indicator will help on trigger buy and sell alerts when you get confluence signals in 1D Momentum above or below +-30 (adjustable) and 4H momentum waves crossing (meaning overbought / oversold). Excellent for catching early swing breakout trades.
Bull & Bear Power Separados📄 English Description for TradingView
Bull & Bear Power – Elder Style
This indicator displays the strength of buyers (Bull Power) and sellers (Bear Power) separately, based on Alexander Elder’s original concept.
It uses a 13-period Exponential Moving Average (EMA) as the baseline, calculating:
Bull Power = High – EMA
Bear Power = Low – EMA
✔️ Bull Power (green) shows buying pressure.
✔️ Bear Power (red) shows selling pressure.
Great for analyzing true market momentum and spotting early signs of potential trend reversals.
Can be used as confirmation together with moving averages (e.g., MMA30 and MMA50) or price action signals.
✅ On 1H gold charts (XAUUSD), it has shown solid behavior in filtering entries during clear trends.
Developed and shared for educational purposes by El Bit Criollo.
MestreDoFOMO MACD VisualMasterDoFOMO MACD Visual
Description
MasterDoFOMO MACD Visual is a custom indicator that combines a unique approach to MACD with stochastic logic and simulated Renko-based direction signals. It is designed to help traders identify entry and exit opportunities based on market momentum and trend changes, with a clear and intuitive visualization.
How It Works
Stylized MACD with Stochastic: The indicator calculates the MACD using EMAs (exponential moving averages) normalized by stochastic logic. This is done by subtracting the lowest price (lowest low) from a defined period and dividing by the range between the highest and lowest price (highest high - lowest low). The result is a MACD that is more sensitive to market conditions, magnified by a factor of 10 for better visualization.
Signal Line: An EMA of the MACD is plotted as a signal line, allowing you to identify crossovers that indicate potential trend reversals or continuations.
Histogram: The difference between the MACD and the signal line is displayed as a histogram, with distinct colors (fuchsia for positive, purple for negative) to make momentum easier to read.
Simulated Renko Direction: Uses ATR (Average True Range) to calculate the size of Renko "bricks", generating signals of change in direction (bullish or bearish). These signals are displayed as arrows on the chart, helping to identify trend reversals.
Purpose
The indicator combines the sensitivity of the Stochastic MACD with the robustness of Renko signals to provide a versatile tool. It is ideal for traders looking to capture momentum-based market movements (using the MACD and histogram) while confirming trend changes with Renko signals. This combination reduces false signals and improves accuracy in volatile markets.
Settings
Stochastic Period (45): Sets the period for calculating the Stochastic range (highest high - lowest low).
Fast EMA Period (12): Period of the fast EMA used in the MACD.
Slow EMA Period (26): Period of the slow EMA used in the MACD.
Signal Line Period (9): Period of the EMA of the signal line.
Overbought/Oversold Levels (1.0/-1.0): Thresholds for identifying extreme conditions in the MACD.
ATR Period (14): Period for calculating the Renko brick size.
ATR Multiplier (1.0): Adjusts the Renko brick size.
Show Histogram: Enables/disables the histogram.
Show Renko Markers: Enables/disables the Renko direction arrows.
How to Use
MACD Crossovers: A MACD crossover above the signal line indicates potential bullishness, while below suggests bearishness.
Histogram: Fuchsia bars indicate bullish momentum; purple bars indicate bearish momentum.
Renko Arrows: Green arrows (upward triangle) signal a change to an uptrend; red arrows (downward triangle) signal a downtrend.
Overbought/Oversold Levels: Use the levels to identify potential reversals when the MACD reaches extreme values.
Notes
The chart should be set up with this indicator in isolation for better clarity.
Adjust the periods and ATR multiplier according to the asset and timeframe used.
Use the built-in alerts ("Renko Up Signal" and "Renko Down Signal") to set up notifications of direction changes.
This indicator is ideal for day traders and swing traders who want a visually clear and functional tool for trading based on momentum and trends.
Jesus Vix Spike ComboThis script will:
Show you vix spikes with your 4 different settings.
Draw a white line at the start of each vix.
Draw a dotted green line for 3 spikes in 6 minutes.
Draw a dotted pink line for 3 spikes in 16 minutes.
Draw a green line extending right if it takes out a past low in the last 200 bars plus a spike.
It will also:
Place a white dot on the 5th candle if the price rises past the vix starting point,
a white omega sign on the 6th candle if price rises past the vix starting point,
and a large white dot on the 7th candle past the vix starting point if the price is higher.
It will also:
Show higher time frame EMAs and other emas.
Has some alerts added also.
I have only been using this on the 1 minute chart with $OANDA:SPX500USD.
Ill write about the strategy I use for this soon. But basically you wait for a drop and for some prominent lows to be taken out, then a vix, then your white dot, omega then the large white dot to enter, expect a 100% expansion from the vix low. More aggressive entry's would be the first white dot or 3 green candles in a row. Backtest to see.
Thanks for checking it out. Let me know if it can be better.
The original script is from Xxattaxx and Christ Moody I believe, thank you for sharing all your hard work.
Range Filter Strategy with ATR TP/SLHow This Strategy Works:
Range Filter:
Calculates a smoothed average (SMA) of price
Creates upper and lower bands based on standard deviation
When price crosses above upper band, it signals a potential uptrend
When price crosses below lower band, it signals a potential downtrend
ATR-Based Risk Management:
Uses Average True Range (ATR) to set dynamic take profit and stop loss levels
Take profit is set at entry price + (ATR × multiplier) for long positions
Stop loss is set at entry price - (ATR × multiplier) for long positions
The opposite applies for short positions
Input Parameters:
Adjustable range filter length and multiplier
Customizable ATR length and TP/SL multipliers
All parameters can be optimized in TradingView's strategy tester
You can adjust the input parameters to fit your trading style and the specific market you're trading. The ATR-based exits help adapt to current market volatility.
Range Filter + ATR Strategy (Low Drawdown)Key Features for Low Drawdown:
Range Filter: Identifies trends while filtering out market noise
ATR-based Position Sizing: Adjusts position size based on volatility to risk a fixed percentage of capital
Trailing Stops: Uses ATR-based trailing stops to lock in profits and limit losses
Conservative Risk Parameters: Defaults to 1% risk per trade (adjustable)
Trend Confirmation: Requires two consecutive closes above/below the range filter
How to Use:
The strategy enters long when price is above the upper range filter for two consecutive bars
Enters short when price is below the lower range filter for two consecutive bars
Uses ATR to size positions appropriately for current volatility
Implements trailing stops based on ATR to protect profits
Optimization Tips:
Adjust the Range Filter period based on your timeframe
Modify the risk percentage (1% is conservative)
Tweak the ATR multiple for trailing stops (1.5 is moderate)
Consider adding a time-based exit if drawdown is still too high
Median True Range {Darkoexe}Simple and sweet, this is the median true range. It reviews the size of the previous period amount of candles, and displays the candle size value that is the median of those previous values.
//Darkoexe
Chess Game🧠 Concept
This script is an experimental chess game simulation built entirely in Pine Script, rendered as an overlay on a trading chart. It does not support interactivity like mouse clicks or real-time move detection, but instead relies on manual inputs to simulate moves and visualize board state.
This was created purely for educational purposes—to test the creative boundaries of Pine Script and explore how far visual scripting can be pushed within the limits of a financial charting tool.
🎯 Goals
Render a full 8×8 chessboard with labeled rows (1–8) and columns (a–h)
Display all pieces using Unicode chess symbols
Allow users to simulate moves using manual input
Validate basic move legality
Display turn status, current move, and instructions
🔧 How It Works
Chessboard Rendering
Uses tabel.new() to display 64 tiles and corresponding pieces.
Light and dark squares alternate based on standard chessboard layout logic ((row + column) % 2).
Pieces
All pieces (white and black) are placed at their initial positions using Unicode characters:
♙ ♖ ♘ ♗ ♕ ♔ for White
♟︎ ♜ ♞ ♝ ♛ ♚ for Black
⚠️ Limitations
Pine Script is not a general-purpose programming language. This game is non-interactive and must be controlled using input.int() and input.bool() for every move.
No click or drag-and-drop functionality.No timers, clocks, or multiplayer.No automated check/checkmate detection (yet!).No visual indication of selected squares (though that could be added with color-coded highlights)
📌 Why I Built This
TradingView is made for charting markets, but I wanted to see how far I could stretch it. Chess is grid-based like many financial charts, so I challenged myself to bring chess logic into Pine Script just for fun and learning.
Williams Alligator with Step Digits and DotsIndicator Description: Angle and Divergence Bars Indicator
Overview:
The Angle and Divergence Bars Indicator is a powerful analytical tool designed for traders and investors using TradingView. This indicator focuses on identifying angular momentum shifts in price action and spotting potential divergences between price and volume or momentum indicators. By providing visual cues, it helps traders make informed decisions based on market trends and reversals.
Key Features:
1. Angle Measurement:
• The indicator calculates the angle of price movement over a specified period, allowing traders to assess the strength and direction of the trend. A steeper angle indicates a stronger momentum, while a flatter angle suggests weakening momentum.
• The angle is visually represented on the chart, enabling quick recognition of trend shifts.
2. Divergence Detection:
• The indicator identifies divergences between the price action and a selected momentum indicator (such as RSI, MACD, or Stochastic). Divergences occur when the price makes a new high or low, but the momentum indicator fails to confirm this movement.
• Bullish divergences signal potential reversal points where the price may bounce upward, while bearish divergences indicate potential downward reversals.
3. Visual Representation:
• The indicator uses color-coded bars to represent different conditions:
• Green Bars: Indicate strong bullish momentum with a steep upward angle.
• Red Bars: Indicate strong bearish momentum with a steep downward angle.
• Yellow Bars: Suggest neutral momentum or indecision in the market.
• Divergence signals are highlighted with markers or arrows on the chart, making them easily identifiable.
4. Customizable Settings:
• Traders can customize the period for angle calculation and the type of momentum indicator used for divergence detection. This flexibility allows users to tailor the indicator to their trading style and preferences.
• Additional settings include adjusting the sensitivity of divergence detection, which can help filter out false signals.
5. Alerts and Notifications:
• The indicator can be configured to send alerts when specific conditions are met, such as a new divergence signal or when the angle reaches a certain threshold. This feature ensures that traders do not miss critical market movements.
How to Use the Indicator:
1. Identifying Trends:
• Use the angle measurement to determine the current trend's strength. A consistent angle in one direction may suggest a strong trend, while fluctuating angles indicate potential reversals or consolidations.
2. Spotting Divergences:
• Look for instances where price action diverges from your chosen momentum indicator. Confirm these signals with additional analysis or other indicators to increase reliability.
3. Making Trading Decisions:
• Combine insights from the angle measurement with divergence signals to formulate entry and exit strategies. For example, entering a long position when a bullish divergence appears alongside a strong upward angle can enhance trade success probabilities.
4. Risk Management:
• Always incorporate risk management techniques, such as setting stop-loss orders based on recent price action or using trailing stops to lock in profits as trends develop.
Conclusion:
The Angle and Divergence Bars Indicator is an essential tool for traders looking to enhance their technical analysis capabilities. By focusing on angular momentum and divergence detection, it provides valuable insights into market dynamics, helping traders make more informed decisions in their trading strategies. Whether you are a novice or an experienced trader, integrating this indicator into your trading arsenal can significantly improve your ability to identify potential market reversals and capitalize on emerging trends.
RESHAIndicator Name: RESHA – Static Price Levels
Description:
The RESHA indicator is a simple tool that allows traders to manually define multiple horizontal price levels on the chart. These levels are displayed as horizontal lines, each extending a customizable number of candles forward. Traders can input a comma-separated list of prices, which are then plotted automatically on the chart.
Features:
📍 Custom input box for price levels (comma-separated).
📏 Adjustable line length in bars.
Visual price labels at the end of each level.
Clean and minimalistic design, perfect for support/resistance zones or static analysis.
This tool is ideal for traders who want to keep key price zones visible at all times without relying on dynamic calculations or automated indicators.
