Short-Term Capitulation Oscillator (STCO, Diodato 2019)Description:
This script is a faithful implementation of the Short-Term Capitulation Oscillator (STCO) from Chris Diodato's 2019 CMT paper, "Making The Most Of Panic". It's a tactical breadth and volume oscillator designed to "fish for market bottoms" by identifying short-term investor capitulation.
What It Is
The STCO combines the 10-day moving averages of NYSE up-volume and advancing issues. It measures the ratio of advancing momentum (in both volume and number of issues) relative to the total traded momentum. The result is a raw, un-normalized oscillator that typically ranges from 0 to 200.
How to Interpret
The STCO is a tactical tool for identifying near-term oversold conditions and potential bounces.
Low Readings: Indicate that sellers have likely exhausted themselves in the short term, creating a potential entry point for a bounce. The paper found that readings below 90, 85, and 80 were often followed by strong market performance over the next 5-20 days.
Overbought/Oversold Lines: Use the customizable overbought/oversold lines to define your own capitulation zones and potential entry areas.
Settings
Data Sources: Allows toggling the use of "Unchanged" issues/volume data.
Thresholds: You can set the overbought and oversold levels based on the paper's research or your own testing.
Osciladores
Long-Term Capitulation Oscillator (LTCO, Diodato 2019)Description:
This script is a faithful implementation of the Long-Term Capitulation Oscillator (LTCO) from Chris Diodato's award-winning 2019 CMT paper, "Making The Most Of Panic". It is a strategic, market-wide breadth and volume oscillator designed to identify major, long-term market bottoms.
What It Is
The LTCO combines long-term moving averages (34, 55, 89, 144, and 233-day) of NYSE advancing/declining issues and up/down volume. It uses a unique "average of averages" method to create a responsive yet strategic long-term indicator. This script plots the raw, un-normalized value as described in the paper, which typically oscillates in the 700-1100 range.
How to Interpret
The LTCO is a strategic tool for identifying potentially significant market turning points.
Extremely Low Readings: Suggest that a long-term period of selling has reached a point of exhaustion, potentially marking a major bear market low or a generational buying opportunity. The paper backtested various thresholds, with values below 950, 925, and especially 875 showing historically strong forward returns over the next 6-24 months.
Overbought/Oversold Lines: The script includes customizable overbought/oversold lines to help you visually identify these critical zones.
Settings
Data Sources: Allows toggling the use of "Unchanged" issues/volume data for the calculation.
Thresholds: You can set the overbought and oversold levels to your preference, based on the paper's findings or your own research.
Diodato 'All Stars Align' SignalDescription:
This indicator is an overlay that plots the "All Stars Align" buy signal from Chris Diodato's 2019 CMT paper, "Making The Most Of Panic." It is designed to identify high-conviction, short-term buying opportunities by requiring a confluence of both price-based momentum and market-internal weakness.
What It Is
This script works entirely in the background, calculating three separate indicators: the 14-day Slow Stochastic, the Short-Term Capitulation Oscillator (STCO), and the 3-DMA of % Declining Issues. It then plots a signal directly on the main price chart only when the specific "All Stars Align" conditions are met.
How to Interpret
A green cross (+) appears below a price bar when a high-conviction buy signal is generated. This signal triggers only when two primary conditions are true:
The 14-day Slow Stochastic is in "oversold" territory (e.g., below 20).
AND at least one of the market internal indicators shows a state of panic:
Either the STCO is oversold (e.g., below 140).
Or the 3-DMA % Declines shows a panic spike (e.g., above 65).
This confluence signifies a potential exhaustion of sellers and can mark an opportune moment to look for entries.
Settings
Trigger Thresholds: You can customize the exact levels that define an "oversold" or "panic" state for each of the three underlying indicators.
Data Sources: Allows toggling the use of "Unchanged" data for the background calculations.
Stochastic Settings: You can adjust the parameters for the Slow Stochastic calculation.
OG Indicators - EnhancedA simple effort to combine William's % R, MACD & Stochastic into single script
Wilder's ADX/DIワイルダー氏が作ったトレンドの強弱を計るインジケーターです。証券会社のものは微妙に計算式が違うため、ワイルダー氏のオリジナルの計算式で作りました。
It’s an indicator created by Mr. Wilder to measure the strength of a trend.
Since the calculation formulas used by brokerage firms vary slightly, this version is built using Mr. Wilder’s original formula.
Standard Deviation VolatilityThe Standard Deviation (StDev) measures the volatility or dispersion of price from its historical average. Higher values suggest greater price fluctuation and potentially a trending market. Lower values indicate lower volatility, often found during consolidation or ranging markets.
標準偏差(Standard Deviation)は、価格の過去の平均からの**ばらつき(ボラティリティ)**を測る指標です。値が高いほど価格変動が激しく、トレンド相場であることを示唆します。値が低いほど、レンジ相場または保ち合いであることを示します。
Simple RSIThis script is just a fun little project I decided to do. It serves as a way for me to practice my coding and was not made with the intent of making money. 
Market Regime (w/ Adaptive Thresholds)Logic Behind This Indicator
This indicator identifies market regimes (trending vs. mean-reverting) using adaptive thresholds that adjust to recent market conditions.
 Core Components 
1. Regime Score Calculation (0-100 scale)
Starts at 50 (neutral) and adjusts based on two factors:
A. Trend Strength
Compares fast EMA (5) vs. slow EMA (10)
If fast > slow by >1% → +60 points (strong uptrend)
If fast < slow by >1% → -60 points (strong downtrend)
B. RSI Momentum
Uses 7-period RSI smoothed with 3-period EMA
RSI > 70 → +20 points (overbought/trending)
RSI < 30 → -20 points (oversold/mean-reverting)
The score is then smoothed and clamped between 0-100.
 2. Adaptive Thresholds 
Instead of fixed levels, thresholds adjust to recent market behavior:
Looks back 100 bars to find the min/max regime score
High threshold = 80% of the range (trending regime)
Low threshold = 20% of the range (mean-reverting regime)
This prevents false signals in different volatility environments.
 3. Regime Classification 
Regime Score	Classification	Meaning
Above high threshold	STRONG TREND	Market is trending strongly (follow momentum)
Below low threshold	STRONG MEAN REVERSION	Market is choppy/oversold (fade moves)
Between thresholds	NEUTRAL	No clear regime (stay out or wait)
 4. Regime Persistence Filter 
Requires the regime to hold for a minimum number of bars (default: 1) before confirming
Prevents whipsaws from brief score fluctuations
 What It Aims to Detect 
 
 When to use trend-following strategies (green = buy breakouts, ride momentum)
 When to use mean-reversion strategies (red = buy dips, sell rallies)
 When to stay out (gray = unclear conditions, high risk of false signals)
 
 Visual Cues 
 
 Green background = Strong trend (momentum strategies work)
 Red background = Strong mean reversion (contrarian strategies work)
 Table = Shows current regime, color, and score
 Alerts = Notifies when regime changes
Multiple Symbol Trend Screener [Pineify]Multiple Symbol Trend Screener Pineify – Ultimate Multi-Indicator Scanner for TradingView 
 Empower your trading with deep market insights across multiple symbols using this feature-rich Pine Script screener. The Multiple Symbol Trend Screener Pineify enables traders to monitor and compare trends, reversals, and consolidations in real-time across the biggest equity symbols on TradingView, through a synergistic blend of popular technical indicators. 
 Key Features 
 
 Monitor up to 15 symbols and their trends simultaneously
 Integrates 7 professional-grade indicators: MA Distance, Aroon, Parabolic SAR (PSAR), ADX, Supertrend, Keltner Channel, and BBTrend
 Color-coded table display for instant visual assessment
 Customizable lookback periods, indicator types, and calculation methods
 SEO optimized for multi-symbol trend detection, screener, and advanced TradingView indicator
 
 How It Works 
 This indicator leverages TradingView’s Pine Script v6 and request.security() to process multiple symbols across selected timeframes. Data populates a dynamic table, updating each cell based on the calculated value of every underlying indicator. MA Distance highlights deviation from moving averages; Aroon flags emerging trend strength; PSAR marks potential trend reversals; ADX assesses trend momentum; Supertrend detects bullish/bearish phases; Keltner Channel and BBTrend offer volatility and power insights. 
 
 Set up your preferred symbols and timeframes
 Each indicator runs its calculation per symbol using its parameter group
 All results are displayed in a table for a comprehensive dashboard view
 
 Trading Ideas and Insights 
 Traders can use this screener for cross-market comparison, directional bias, entry/exit filtering, and comprehensive trend evaluation. The screener is excellent for swing trading, day trading, and portfolio tracking. It enables confirmation across multiple frameworks — for example, spotting momentum with ADX before confirming direction with Supertrend and PSAR. 
 
 Identify correlated movements or divergences across selected assets
 Spot synchronized trend changes for basket trading ideas
 Filter symbols by volatility, strength, or trend status for precise trade selection
 
 How Multiple Indicators Work Together 
 The screener’s edge lies in its intelligent correlation of popular indicators. MA Distance measures the proximity to chosen moving averages, ideal for spotting overbought/oversold conditions. Aroon reveals the strength of new price trends, PSAR indicates reversal signals, and ADX quantifies the momentum of these trends. Supertrend provides a directional phase, while Keltner Channel & BBTrend analyze volatility shifts and band compressions. This amalgamation allows for a robust, multi-dimensional market snapshot, capturing details missed by single-indicator tools. 
 By displaying all key metrics side-by-side, the screener enables holistic decision-making, revealing confluence zones and contradiction areas across multiple tickers and timeframes. 
 Unique Aspects 
 
 Original implementation combining seven independent trend and momentum indicators for each symbol
 Rich customization for symbols, timeframes, and all indicator parameters
 Intuitive color-coding for quick reading of bullish/bearish/neutral signals
 Comprehensive dashboard for instant actionable insights
 
 How to Use 
 
 Load the indicator onto your TradingView chart
 Go to the script’s settings and input your preferred symbols and relevant timeframes
 Set your desired parameters for each indicator group: Moving Average type, Aroon length, PSAR values, ADX smoothing, etc.
 Observe the results in the top-right table, then use it to filter candidates and validate trade setups
 
 The screener is suitable for all timeframes and asset classes available on TradingView. Make sure your chart’s timeframe matches the one used in the scanner for optimal accuracy. 
 Customization 
 
 Choose up to 15 symbols to monitor in a single dashboard
 Customize lookback periods, indicator types, colors, and display settings
 Configure alerting options and thresholds for advanced trade automation
 
 Conclusion 
 The Multiple Symbol Trend Screener Pineify sets a new standard for multi-asset screening on TradingView. By elegantly merging seven proven technical indicators, the screener delivers powerful trend detection, reversal analysis, and volatility monitoring — all in one dashboard. Take your trading to new heights with in-depth, customizable market surveillance. 
Weekly Confluence Setup [Final v6]Trend: EMA 21 and SMA 50
Momentum: MACD and RSI in a separate pane
Volume: Anchored VWAP from recent swing low
Confluence Signals: Clear triangle markers with optional alerts to the chart timeframe
Supertrend + MACD + EMA200 (Pro) V2 — Strict & TrailingThis strategy uses Supertrend, MACD and EMA 200 as indicators. When all three indicators shows the sema direction, you enter the trade.
RSI Donchian Channel [DCAUT]█ RSI Donchian Channel  
 📊 ORIGINALITY & INNOVATION 
The RSI Donchian Channel represents an important synthesis of two complementary analytical frameworks: momentum oscillators and breakout detection systems. This indicator addresses a common limitation in traditional RSI analysis by replacing fixed overbought/oversold thresholds with adaptive zones derived from historical RSI extremes.
 Key Enhancement: 
Traditional RSI analysis relies on static threshold levels (typically 30/70), which may not adequately reflect changing market volatility regimes. This indicator adapts the reference zones dynamically based on the actual RSI behavior over the lookback period, helping traders identify meaningful momentum extremes relative to recent price action rather than arbitrary fixed levels.
The implementation combines the proven momentum measurement capabilities of RSI with Donchian Channel's breakout detection methodology, creating a framework that identifies both momentum exhaustion points and potential continuation signals through the same analytical lens.
 📐 MATHEMATICAL FOUNDATION 
 Core Calculation Process: 
 Step 1: RSI Calculation 
The Relative Strength Index measures momentum by comparing the magnitude of recent gains to recent losses:
 
 Calculate price changes between consecutive periods
 Separate positive changes (gains) from negative changes (losses)
 Apply selected smoothing method (RMA standard, also supports SMA, EMA, WMA) to both gain and loss series
 Compute Relative Strength (RS) as the ratio of smoothed gains to smoothed losses
 Transform RS into bounded 0-100 scale using the formula: RSI = 100 - (100 / (1 + RS))
 
 Step 2: Donchian Channel Application 
The Donchian Channel identifies the highest and lowest RSI values within the specified lookback period:
 
 Upper Channel: Highest RSI value over the lookback period, represents the recent momentum peak
 Lower Channel: Lowest RSI value over the lookback period, represents the recent momentum trough
 Middle Channel (Basis): Average of upper and lower channels, serves as equilibrium reference
 
 Channel Width Dynamics: 
The distance between upper and lower channels reflects RSI volatility. Wide channels indicate high momentum variability, while narrow channels suggest momentum consolidation and potential breakout preparation. The indicator monitors channel width over a 100-period window to identify squeeze conditions that often precede significant momentum shifts.
 📊 COMPREHENSIVE SIGNAL ANALYSIS 
 Primary Signal Categories: 
 Breakout Signals: 
 
 Upper Breakout: RSI crosses above the upper channel, indicates momentum reaching new relative highs and potential trend continuation, particularly significant when accompanied by price confirmation
 Lower Breakout: RSI crosses below the lower channel, suggests momentum reaching new relative lows and potential trend exhaustion or reversal setup
 Breakout strength is enhanced when the channel is narrow prior to the breakout, indicating a transition from consolidation to directional movement
 
 Mean Reversion Signals: 
 
 Upper Touch Without Breakout: RSI reaches the upper channel but fails to break through, may indicate momentum exhaustion and potential reversal opportunity
 Lower Touch Without Breakout: RSI reaches the lower channel without breakdown, suggests potential bounce as momentum reaches oversold extremes
 Return to Basis: RSI moving back toward the middle channel after touching extremes signals momentum normalization
 
 Trend Strength Assessment: 
 
 Sustained Upper Channel Riding: RSI consistently remains near or above the upper channel during strong uptrends, indicates persistent bullish momentum
 Sustained Lower Channel Riding: RSI stays near or below the lower channel during strong downtrends, reflects persistent bearish pressure
 Basis Line Position: RSI position relative to the middle channel helps identify the prevailing momentum bias
 
 Channel Compression Patterns: 
 
 Squeeze Detection: Channel width narrowing to 100-period lows indicates momentum consolidation, often precedes significant directional moves
 Expansion Phase: Channel widening after a squeeze confirms the initiation of a new momentum regime
 Persistent Narrow Channels: Extended periods of tight channels suggest market indecision and accumulation/distribution phases
 
 🎯 STRATEGIC APPLICATIONS 
 Trend Continuation Strategy: 
This approach focuses on identifying and trading momentum breakouts that confirm established trends:
 
 Identify the prevailing price trend using higher timeframe analysis or trend-following indicators
 Wait for RSI to break above the upper channel in uptrends (or below the lower channel in downtrends)
 Enter positions in the direction of the breakout when price action confirms the momentum shift
 Place protective stops below the recent swing low (long positions) or above swing high (short positions)
 Target profit levels based on prior swing extremes or use trailing stops to capture extended moves
 Exit when RSI crosses back through the basis line in the opposite direction
 
 Mean Reversion Strategy: 
This method capitalizes on momentum extremes and subsequent corrections toward equilibrium:
 
 Monitor for RSI reaching the upper or lower channel boundaries
 Look for rejection signals (price reversal patterns, volume divergence) when RSI touches the channels
 Enter counter-trend positions when RSI begins moving back toward the basis line
 Use the basis line as the initial profit target for mean reversion trades
 Implement tight stops beyond the channel extremes to limit risk on failed reversals
 Scale out of positions as RSI approaches the basis line and closes the position when RSI crosses the basis
 
 Breakout Preparation Strategy: 
This approach positions traders ahead of potential volatility expansion from consolidation phases:
 
 Identify squeeze conditions when channel width reaches 100-period lows
 Monitor price action for consolidation patterns (triangles, rectangles, flags) during the squeeze
 Prepare conditional orders for breakouts in both directions from the consolidation
 Enter positions when RSI breaks out of the narrow channel with expanding width
 Use the channel width expansion as a confirmation signal for the breakout's validity
 Manage risk with stops just inside the opposite channel boundary
 
 Multi-Timeframe Confluence Strategy: 
Combining RSI Donchian Channel analysis across multiple timeframes can improve signal reliability:
 
 Identify the primary trend direction using a higher timeframe RSI Donchian Channel (e.g., daily or weekly)
 Use a lower timeframe (e.g., 4-hour or hourly) to time precise entry points
 Enter long positions when both timeframes show RSI above their respective basis lines
 Enter short positions when both timeframes show RSI below their respective basis lines
 Avoid trades when timeframes provide conflicting signals (e.g., higher timeframe below basis, lower timeframe above)
 Exit when the higher timeframe RSI crosses its basis line in the opposite direction
 
 Risk Management Guidelines: 
Effective risk management is essential for all RSI Donchian Channel strategies:
 
 Position Sizing: Calculate position sizes based on the distance between entry point and stop loss, limiting risk to 1-2% of capital per trade
 Stop Loss Placement: For breakout trades, place stops just inside the opposite channel boundary; for mean reversion trades, use stops beyond the channel extremes
 Profit Targets: Use the basis line as a minimum target for mean reversion trades; for trend trades, target prior swing extremes or use trailing stops
 Channel Width Context: Increase position sizes during narrow channels (lower volatility) and reduce sizes during wide channels (higher volatility)
 Correlation Awareness: Monitor correlations between traded instruments to avoid over-concentration in similar setups
 
 📋 DETAILED PARAMETER CONFIGURATION 
 RSI Source: 
Defines the price data series used for RSI calculation:
 
 Close (Default): Standard choice providing end-of-period momentum assessment, suitable for most trading styles and timeframes
 High-Low Average (HL2): Reduces the impact of closing auction dynamics, useful for markets with significant end-of-day volatility
 High-Low-Close Average (HLC3): Provides a more balanced view incorporating the entire period's range
 Open-High-Low-Close Average (OHLC4): Offers the most comprehensive price representation, helpful for identifying overall period sentiment
 Strategy Consideration: Use Close for end-of-period signals, HL2 or HLC3 for intraday volatility reduction, OHLC4 for capturing full period dynamics
 
 RSI Length: 
Controls the number of periods used for RSI calculation:
 
 Short Periods (5-9): Highly responsive to recent price changes, produces more frequent signals with increased false signal risk, suitable for short-term trading and volatile markets
 Standard Period (14): Widely accepted default balancing responsiveness with stability, appropriate for swing trading and intermediate-term analysis
 Long Periods (21-28): Produces smoother RSI with fewer signals but more reliable trend identification, better for position trading and reducing noise in choppy markets
 Optimization Approach: Test different lengths against historical data for your specific market and timeframe, consider using longer periods in ranging markets and shorter periods in trending markets
 
 RSI MA Type: 
Determines the smoothing method applied to price changes in RSI calculation:
 
 RMA (Relative Moving Average - Default): Wilder's original smoothing method providing stable momentum measurement with gradual response to changes, maintains consistency with classical RSI interpretation
 SMA (Simple Moving Average): Treats all periods equally, responds more quickly to changes than RMA but may produce more whipsaws in volatile conditions
 EMA (Exponential Moving Average): Weights recent periods more heavily, increases responsiveness at the cost of potential noise, suitable for traders prioritizing early signal generation
 WMA (Weighted Moving Average): Applies linear weighting favoring recent data, offers a middle ground between SMA and EMA responsiveness
 Selection Guidance: Maintain RMA for consistency with traditional RSI analysis, use EMA or WMA for more responsive signals in fast-moving markets, apply SMA for maximum simplicity and transparency
 
 DC Length: 
Specifies the lookback period for Donchian Channel calculation on RSI values:
 
 Short Periods (10-14): Creates tight channels that adapt quickly to changing momentum conditions, generates more frequent trading signals but increases sensitivity to short-term RSI fluctuations
 Standard Period (20): Balances channel responsiveness with stability, aligns with traditional Bollinger Bands and moving average periods, suitable for most trading styles
 Long Periods (30-50): Produces wider, more stable channels that better represent sustained momentum extremes, reduces signal frequency while improving reliability, appropriate for position traders and higher timeframes
 Calibration Strategy: Match DC length to your trading timeframe (shorter for day trading, longer for swing trading), test channel width behavior during different market regimes, consider using adaptive periods that adjust to volatility conditions
 Market Adaptation: Use shorter DC lengths in trending markets to capture momentum shifts earlier, apply longer periods in ranging markets to filter noise and focus on significant extremes
 
 Parameter Combination Recommendations: 
 
 Scalping/Day Trading: RSI Length 5-9, DC Length 10-14, EMA or WMA smoothing for maximum responsiveness
 Swing Trading: RSI Length 14, DC Length 20, RMA smoothing for balanced analysis (default configuration)
 Position Trading: RSI Length 21-28, DC Length 30-50, RMA or SMA smoothing for stable signals
 High Volatility Markets: Longer RSI periods (21+) with standard DC length (20) to reduce noise
 Low Volatility Markets: Standard RSI length (14) with shorter DC length (10-14) to capture subtle momentum shifts
 
 📈 PERFORMANCE ANALYSIS & COMPETITIVE ADVANTAGES 
 Adaptive Threshold Mechanism: 
Unlike traditional RSI analysis with fixed 30/70 thresholds, this indicator's Donchian Channel approach provides several improvements:
 
 Context-Aware Extremes: Overbought/oversold levels adjust automatically based on recent momentum behavior rather than arbitrary fixed values
 Volatility Adaptation: In low volatility periods, channels narrow to reflect tighter momentum ranges; in high volatility, channels widen appropriately
 Market Regime Recognition: The indicator implicitly adapts to different market conditions without manual threshold adjustments
 False Signal Reduction: Adaptive channels help reduce premature reversal signals that often occur with fixed thresholds during strong trends
 
 Signal Quality Characteristics: 
The indicator's dual-purpose design provides distinct advantages for different trading objectives:
 
 Breakout Trading: Channel boundaries offer clear, objective breakout levels that update dynamically, eliminating the ambiguity of when momentum becomes "too high" or "too low"
 Mean Reversion: The basis line provides a natural profit target for reversion trades, representing the midpoint of recent momentum extremes
 Trend Strength: Persistent channel boundary riding offers an objective measure of trend strength without additional indicators
 Consolidation Detection: Channel width analysis provides early warning of potential volatility expansion from compression phases
 
 Comparative Analysis: 
When compared to traditional RSI implementations and other momentum frameworks:
 
 vs. Fixed Threshold RSI: Provides market-adaptive reference levels rather than static values, helping to reduce false signals during trending markets where RSI can remain "overbought" or "oversold" for extended periods
 vs. RSI Bollinger Bands: Offers clearer breakout signals and more intuitive extreme identification through actual high/low boundaries rather than statistical standard deviations
 vs. Stochastic Oscillator: Maintains RSI's momentum measurement advantages (unbounded calculation avoiding scale compression) while adding the breakout detection capabilities of Donchian Channels
 vs. Standard Donchian Channels: Applies breakout methodology to momentum space rather than price, providing earlier signals of potential trend changes before price breakouts occur
 
 Performance Characteristics: 
The indicator exhibits specific behavioral patterns across different market conditions:
 
 Trending Markets: Excels at identifying momentum continuation through channel breakouts, RSI tends to ride one channel boundary during strong trends, providing trend confirmation
 Ranging Markets: Channel width narrows during consolidation, offering early preparation signals for potential breakout trading opportunities
 High Volatility: Channels widen to reflect increased momentum variability, automatically adjusting signal sensitivity to match market conditions
 Low Volatility: Channels contract, making the indicator more sensitive to subtle momentum shifts that may be significant in calm market environments
 Transition Periods: Channel squeezes often precede major trend changes, offering advance warning of potential regime shifts
 
 Limitations and Considerations: 
Users should be aware of certain operational characteristics:
 
 Lookback Dependency: Channel boundaries depend entirely on the lookback period, meaning the indicator has no predictive element beyond identifying current momentum relative to recent history
 Lag Characteristics: As with all moving average-based indicators, RSI calculation introduces lag, and channel boundaries update only as new extremes occur within the lookback window
 Range-Bound Sensitivity: In extremely tight ranges, channels may become very narrow, potentially generating excessive signals from minor momentum fluctuations
 Trending Persistence: During very strong trends, RSI may remain at channel extremes for extended periods, requiring patience for mean reversion setups or commitment to trend-following approaches
 No Absolute Levels: Unlike traditional RSI, this indicator provides no fixed reference points (like 50), making it less suitable for strategies that depend on absolute momentum readings
 
 USAGE NOTES 
This indicator is designed for technical analysis and educational purposes to help traders understand momentum dynamics and identify potential trading opportunities. The RSI Donchian Channel has limitations and should not be used as the sole basis for trading decisions.
Important considerations:
 
 Performance varies significantly across different market conditions, timeframes, and instruments
 Historical signal patterns do not guarantee future results, as market behavior continuously evolves
 Effective use requires understanding of both RSI momentum principles and Donchian Channel breakout concepts
 Risk management practices (stop losses, position sizing, diversification) are essential for any trading application
 Consider combining with additional analytical tools such as volume analysis, price action patterns, or trend indicators for confirmation
 Backtest thoroughly on your specific instruments and timeframes before live trading implementation
 Be aware that optimization on historical data may lead to curve-fitting and poor forward performance
 
The indicator performs best when used as part of a comprehensive trading methodology that incorporates multiple forms of market analysis, sound risk management, and realistic expectations about win rates and drawdowns.
Stochastic Enhanced [DCAUT]█ Stochastic Enhanced  
 📊 ORIGINALITY & INNOVATION 
The Stochastic Enhanced indicator builds upon George Lane's classic momentum oscillator (developed in the late 1950s) by providing comprehensive smoothing algorithm flexibility. While traditional implementations limit users to Simple Moving Average (SMA) smoothing, this enhanced version offers 21 advanced smoothing algorithms, allowing traders to optimize the indicator's characteristics for different market conditions and trading styles.
 Key Improvements: 
 
 Extended from single SMA smoothing to 21 professional-grade algorithms including adaptive filters (KAMA, FRAMA), zero-lag methods (ZLEMA, T3), and advanced digital filters (Kalman, Laguerre)
 Maintains backward compatibility with traditional Stochastic calculations through SMA default setting
 Unified smoothing algorithm applies to both %K and %D lines for consistent signal processing characteristics
 Enhanced visual feedback with clear color distinction and background fill highlighting for intuitive signal recognition
 Comprehensive alert system covering crossovers and zone entries for systematic trade management
 
 Differentiation from Traditional Stochastic: 
Traditional Stochastic indicators use fixed SMA smoothing, which introduces consistent lag regardless of market volatility. This enhanced version addresses the limitation by offering adaptive algorithms that adjust to market conditions (KAMA, FRAMA), reduce lag without sacrificing smoothness (ZLEMA, T3, HMA), or provide superior noise filtering (Kalman Filter, Laguerre filters). The flexibility helps traders balance responsiveness and stability according to their specific needs.
 📐 MATHEMATICAL FOUNDATION 
 Core Stochastic Calculation: 
The Stochastic Oscillator measures the position of the current close relative to the high-low range over a specified period:
 Step 1: Raw %K Calculation 
%K_raw = 100 × (Close - Lowest Low) / (Highest High - Lowest Low)
Where:
 
 Close = Current closing price
 Lowest Low = Lowest low over the %K Length period
 Highest High = Highest high over the %K Length period
 Result ranges from 0 (close at period low) to 100 (close at period high)
 
 Step 2: Smoothed %K Calculation 
%K = MA(%K_raw, K Smoothing Period, MA Type)
Where:
 
 MA = Selected moving average algorithm (SMA, EMA, etc.)
 K Smoothing = 1 for Fast Stochastic, 3+ for Slow Stochastic
 Traditional Fast Stochastic uses %K_raw directly without smoothing
 
 Step 3: Signal Line %D Calculation 
%D = MA(%K, D Smoothing Period, MA Type)
Where:
 
 %D acts as a signal line and moving average of %K
 D Smoothing typically set to 3 periods in traditional implementations
 Both %K and %D use the same MA algorithm for consistent behavior
 
 Available Smoothing Algorithms (21 Options): 
 Standard Moving Averages: 
 
 SMA (Simple): Equal-weighted average, traditional default, consistent lag characteristics
 EMA (Exponential): Recent price emphasis, faster response to changes, exponential decay weighting
 RMA (Rolling/Wilder's): Smoothed average used in RSI, less reactive than EMA
 WMA (Weighted): Linear weighting favoring recent data, moderate responsiveness
 VWMA (Volume-Weighted): Incorporates volume data, reflects market participation intensity
 
 Advanced Moving Averages: 
 
 HMA (Hull): Reduced lag with smoothness, uses weighted moving averages and square root period
 ALMA (Arnaud Legoux): Gaussian distribution weighting, minimal lag with good noise reduction
 LSMA (Least Squares): Linear regression based, fits trend line to data points
 DEMA (Double Exponential): Reduced lag compared to EMA, uses double smoothing technique
 TEMA (Triple Exponential): Further lag reduction, triple smoothing with lag compensation
 ZLEMA (Zero-Lag Exponential): Lag elimination attempt using error correction, very responsive
 TMA (Triangular): Double-smoothed SMA, very smooth but slower response
 
 Adaptive & Intelligent Filters: 
 
 T3 (Tilson T3): Six-pass exponential smoothing with volume factor adjustment, excellent smoothness
 FRAMA (Fractal Adaptive): Adapts to market fractal dimension, faster in trends, slower in ranges
 KAMA (Kaufman Adaptive): Efficiency ratio based adaptation, responds to volatility changes
 McGinley Dynamic: Self-adjusting mechanism following price more accurately, reduced whipsaws
 Kalman Filter: Optimal estimation algorithm from aerospace engineering, dynamic noise filtering
 
 Advanced Digital Filters: 
 
 Ultimate Smoother: Advanced digital filter design, superior noise rejection with minimal lag
 Laguerre Filter: Time-domain filter with N-order implementation, adjustable lag characteristics
 Laguerre Binomial Filter: 6-pole Laguerre filter, extremely smooth output for long-term analysis
 Super Smoother: Butterworth filter implementation, removes high-frequency noise effectively
 
 📊 COMPREHENSIVE SIGNAL ANALYSIS 
 Absolute Level Interpretation (%K Line): 
 
 %K Above 80: Overbought condition, price near period high, potential reversal or pullback zone, caution for new long entries
 %K in 70-80 Range: Strong upward momentum, bullish trend confirmation, uptrend likely continuing
 %K in 50-70 Range: Moderate bullish momentum, neutral to positive outlook, consolidation or mild uptrend
 %K in 30-50 Range: Moderate bearish momentum, neutral to negative outlook, consolidation or mild downtrend
 %K in 20-30 Range: Strong downward momentum, bearish trend confirmation, downtrend likely continuing
 %K Below 20: Oversold condition, price near period low, potential bounce or reversal zone, caution for new short entries
 
 Crossover Signal Analysis: 
 
 %K Crosses Above %D (Bullish Cross): Momentum shifting bullish, faster line overtakes slower signal, consider long entry especially in oversold zone, strongest when occurring below 20 level
 %K Crosses Below %D (Bearish Cross): Momentum shifting bearish, faster line falls below slower signal, consider short entry especially in overbought zone, strongest when occurring above 80 level
 Crossover in Midrange (40-60): Less reliable signals, often in choppy sideways markets, require additional confirmation from trend or volume analysis
 Multiple Failed Crosses: Indicates ranging market or choppy conditions, reduce position sizes or avoid trading until clear directional move
 
 Advanced Divergence Patterns (%K Line vs Price): 
 
 Bullish Divergence: Price makes lower low while %K makes higher low, indicates weakening bearish momentum, potential trend reversal upward, more reliable when %K in oversold zone
 Bearish Divergence: Price makes higher high while %K makes lower high, indicates weakening bullish momentum, potential trend reversal downward, more reliable when %K in overbought zone
 Hidden Bullish Divergence: Price makes higher low while %K makes lower low, indicates trend continuation in uptrend, bullish trend strength confirmation
 Hidden Bearish Divergence: Price makes lower high while %K makes higher high, indicates trend continuation in downtrend, bearish trend strength confirmation
 
 Momentum Strength Analysis (%K Line Slope): 
 
 Steep %K Slope: Rapid momentum change, strong directional conviction, potential for extended moves but also increased reversal risk
 Gradual %K Slope: Steady momentum development, sustainable trends more likely, lower probability of sharp reversals
 Flat or Horizontal %K: Momentum stalling, potential reversal or consolidation ahead, wait for directional break before committing
 %K Oscillation Within Range: Indicates ranging market, sideways price action, better suited for range-trading strategies than trend following
 
 🎯 STRATEGIC APPLICATIONS 
 Mean Reversion Strategy (Range-Bound Markets): 
 
 Identify ranging market conditions using price action or Bollinger Bands
 Wait for Stochastic to reach extreme zones (above 80 for overbought, below 20 for oversold)
 Enter counter-trend position when %K crosses %D in extreme zone (sell on bearish cross above 80, buy on bullish cross below 20)
 Set profit targets near opposite extreme or midline (50 level)
 Use tight stop-loss above recent swing high/low to protect against breakout scenarios
 Exit when Stochastic reaches opposite extreme or %K crosses %D in opposite direction
 
 Trend Following with Momentum Confirmation: 
 
 Identify primary trend direction using higher timeframe analysis or moving averages
 Wait for Stochastic pullback to oversold zone (<20) in uptrend or overbought zone (>80) in downtrend
 Enter in trend direction when %K crosses %D confirming momentum shift (bullish cross in uptrend, bearish cross in downtrend)
 Use wider stops to accommodate normal trend volatility
 Add to position on subsequent pullbacks showing similar Stochastic pattern
 Exit when Stochastic shows opposite extreme with failed cross or bearish/bullish divergence
 
 Divergence-Based Reversal Strategy: 
 
 Scan for divergence between price and Stochastic at swing highs/lows
 Confirm divergence with at least two price pivots showing divergent Stochastic readings
 Wait for %K to cross %D in direction of anticipated reversal as entry trigger
 Enter position in divergence direction with stop beyond recent swing extreme
 Target profit at key support/resistance levels or Fibonacci retracements
 Scale out as Stochastic reaches opposite extreme zone
 
 Multi-Timeframe Momentum Alignment: 
 
 Analyze Stochastic on higher timeframe (4H or Daily) for primary trend bias
 Switch to lower timeframe (1H or 15M) for precise entry timing
 Only take trades where lower timeframe Stochastic signal aligns with higher timeframe momentum direction
 Higher timeframe Stochastic in bullish zone (>50) = only take long entries on lower timeframe
 Higher timeframe Stochastic in bearish zone (<50) = only take short entries on lower timeframe
 Exit when lower timeframe shows counter-signal or higher timeframe momentum reverses
 
 Zone Transition Strategy: 
 
 Monitor Stochastic for transitions between zones (oversold to neutral, neutral to overbought, etc.)
 Enter long when Stochastic crosses above 20 (exiting oversold), signaling momentum shift from bearish to neutral/bullish
 Enter short when Stochastic crosses below 80 (exiting overbought), signaling momentum shift from bullish to neutral/bearish
 Use zone midpoint (50) as dynamic support/resistance for position management
 Trail stops as Stochastic advances through favorable zones
 Exit when Stochastic fails to maintain momentum and reverses back into prior zone
 
 📋 DETAILED PARAMETER CONFIGURATION 
 %K Length (Default: 14): 
 
 Lower Values (5-9): Highly sensitive to price changes, generates more frequent signals, increased false signals in choppy markets, suitable for very short-term trading and scalping
 Standard Values (10-14): Balanced sensitivity and reliability, traditional default (14) widely used,适合 swing trading and intraday strategies
 Higher Values (15-21): Reduced sensitivity, smoother oscillations, fewer but potentially more reliable signals, better for position trading and lower timeframe noise reduction
 Very High Values (21+): Slow response, long-term momentum measurement, fewer trading signals, suitable for weekly or monthly analysis
 
 %K Smoothing (Default: 3): 
 
 Value 1: Fast Stochastic, uses raw %K calculation without additional smoothing, most responsive to price changes, generates earliest signals with higher noise
 Value 3: Slow Stochastic (default), traditional smoothing level, reduces false signals while maintaining good responsiveness, widely accepted standard
 Values 5-7: Very slow response, extremely smooth oscillations, significantly reduced whipsaws but delayed entry/exit timing
 Recommendation: Default value 3 suits most trading scenarios, active short-term traders may use 1, conservative long-term positions use 5+
 
 %D Smoothing (Default: 3): 
 
 Lower Values (1-2): Signal line closely follows %K, frequent crossover signals, useful for active trading but requires strict filtering
 Standard Value (3): Traditional setting providing balanced signal line behavior, optimal for most trading applications
 Higher Values (4-7): Smoother signal line, fewer crossover signals, reduced whipsaws but slower confirmation, better for trend trading
 Very High Values (8+): Signal line becomes slow-moving reference, crossovers rare and highly significant, suitable for long-term position changes only
 
 Smoothing Type Algorithm Selection: 
 For Trending Markets: 
 
 ZLEMA, DEMA, TEMA: Reduced lag for faster trend entry, quick response to momentum shifts, suitable for strong directional moves
 HMA, ALMA: Good balance of smoothness and responsiveness, effective for clean trend following without excessive noise
 EMA: Classic choice for trending markets, faster than SMA while maintaining reasonable stability
 
 For Ranging/Choppy Markets: 
 
 Kalman Filter, Super Smoother: Superior noise filtering, reduces false signals in sideways action, helps identify genuine reversal points
 Laguerre Filters: Smooth oscillations with adjustable lag, excellent for mean reversion strategies in ranges
 T3, TMA: Very smooth output, filters out market noise effectively, clearer extreme zone identification
 
 For Adaptive Market Conditions: 
 
 KAMA: Automatically adjusts to market efficiency, fast in trends and slow in congestion, reduces whipsaws during transitions
 FRAMA: Adapts to fractal market structure, responsive during directional moves, conservative during uncertainty
 McGinley Dynamic: Self-adjusting smoothing, follows price naturally, minimizes lag in trending markets while filtering noise in ranges
 
 For Conservative Long-Term Analysis: 
 
 SMA: Traditional choice, predictable behavior, widely understood characteristics
 RMA (Wilder's): Smooth oscillations, reduced sensitivity to outliers, consistent behavior across market conditions
 Laguerre Binomial Filter: Extremely smooth output, ideal for weekly/monthly timeframe analysis, eliminates short-term noise completely
 
 Source Selection: 
 
 Close (Default): Standard choice using closing prices, most common and widely tested
 HLC3 or OHLC4: Incorporates more price information, reduces impact of sudden spikes or gaps, smoother oscillator behavior
 HL2: Midpoint of high-low range, emphasizes intrabar volatility, useful for markets with wide intraday ranges
 Custom Source: Can use other indicators as input (e.g., Heikin Ashi close, smoothed price), creates derivative momentum indicators
 
 📈 PERFORMANCE ANALYSIS & COMPETITIVE ADVANTAGES 
 Responsiveness Characteristics: 
 Traditional SMA-Based Stochastic: 
 
 Fixed lag regardless of market conditions, consistent delay of approximately (K Smoothing + D Smoothing) / 2 periods
 Equal treatment of trending and ranging markets, no adaptation to volatility changes
 Predictable behavior but suboptimal in varying market regimes
 
 Enhanced Version with Adaptive Algorithms: 
 
 KAMA and FRAMA reduce lag by up to 40-60% in strong trends compared to SMA while maintaining similar smoothness in ranges
 ZLEMA and T3 provide near-zero lag characteristics for early entry signals with acceptable noise levels
 Kalman Filter and Super Smoother offer superior noise rejection, reducing false signals in choppy conditions by estimations of 30-50% compared to SMA
 Performance improvements vary by algorithm selection and market conditions
 
 Signal Quality Improvements: 
 
 Adaptive algorithms help reduce whipsaw trades in ranging markets by adjusting sensitivity dynamically
 Advanced filters (Kalman, Laguerre, Super Smoother) provide clearer extreme zone readings for mean reversion strategies
 Zero-lag methods (ZLEMA, DEMA, TEMA) generate earlier crossover signals in trending markets for improved entry timing
 Smoother algorithms (T3, Laguerre Binomial) reduce false extreme zone touches for more reliable overbought/oversold signals
 
 Comparison with Standard Implementations: 
 
 Versus Basic Stochastic: Enhanced version offers 21 smoothing options versus single SMA, allowing optimization for specific market characteristics and trading styles
 Versus RSI: Stochastic provides range-bound measurement (0-100) with clear extreme zones, RSI measures momentum speed, Stochastic offers clearer visual overbought/oversold identification
 Versus MACD: Stochastic bounded oscillator suitable for mean reversion, MACD unbounded indicator better for trend strength, Stochastic excels in range-bound and oscillating markets
 Versus CCI: Stochastic has fixed bounds (0-100) for consistent interpretation, CCI unbounded with variable extremes, Stochastic provides more standardized extreme readings across different instruments
 
 Flexibility Advantages: 
 
 Single indicator adaptable to multiple strategies through algorithm selection rather than requiring different indicator variants
 Ability to optimize smoothing characteristics for specific instruments (e.g., smoother for crypto volatility, faster for forex trends)
 Multi-timeframe analysis with consistent algorithm across timeframes for coherent momentum picture
 Backtesting capability with algorithm as optimization parameter for strategy development
 
 Limitations and Considerations: 
 
 Increased complexity from multiple algorithm choices may lead to over-optimization if parameters are curve-fitted to historical data
 Adaptive algorithms (KAMA, FRAMA) have adjustment periods during market regime changes where signals may be less reliable
 Zero-lag algorithms sacrifice some smoothness for responsiveness, potentially increasing noise sensitivity in very choppy conditions
 Performance characteristics vary significantly across algorithms, requiring understanding and testing before live implementation
 Like all oscillators, Stochastic can remain in extreme zones for extended periods during strong trends, generating premature reversal signals
 
 USAGE NOTES 
This indicator is designed for technical analysis and educational purposes to provide traders with enhanced flexibility in momentum analysis. The Stochastic Oscillator has limitations and should not be used as the sole basis for trading decisions.
 Important Considerations: 
 
 Algorithm performance varies with market conditions - no single smoothing method is optimal for all scenarios
 Extreme zone signals (overbought/oversold) indicate potential reversal areas but not guaranteed turning points, especially in strong trends
 Crossover signals may generate false entries during sideways choppy markets regardless of smoothing algorithm
 Divergence patterns require confirmation from price action or additional indicators before trading
 Past indicator characteristics and backtested results do not guarantee future performance
 Always combine Stochastic analysis with proper risk management, position sizing, and multi-indicator confirmation
 Test selected algorithm on historical data of specific instrument and timeframe before live trading
 Market regime changes may require algorithm adjustment for optimal performance
 
The enhanced smoothing options are intended to provide tools for optimizing the indicator's behavior to match individual trading styles and market characteristics, not to create a perfect predictive tool. Responsible usage includes understanding the mathematical properties of selected algorithms and their appropriate application contexts.
RSI Zones + Swing Divergences + OB/OS zones By HappyRsi with + divergences/ convergences + OB/OS zones
hidden bull/bear
🐬RSI_CandleRSI_Candle
Calculates the RSI based on the open, high, low, and close prices, and displays it in the form of candles.
The overbought and oversold zones are highlighted with background colors, which become darker as the RSI value approaches 100 or 0.
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RSI_Candle
RSI를 시가, 고가, 저가, 종가로 계산하여 캔들로 보여줍니다.
과매수/과매도 구간에서 배경색으로 보여주며, 100/0에 가까울수록 배경색이 짙어집니다.
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🐬Stochastic_RSIStochastic RSI
The indicator highlights the chart background for two specific signals:
- A bearish deadcross occurring above the upper band.
- A bullish goldencross occurring below the lower band.
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스토캐스틱 RSI
두가지 신호를 배경색으로 나타냅니다.
- 어퍼 밴드 위에서의 데드크로스
- 로우어 밴드 아래에서의 골든크로스
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Reversal Probability Meter PRO [optimized for Xau/Usd m5]🎯 Reversal Probability Meter PRO
A powerful multi-factor reversal probability detector that calculates the likelihood of bullish or bearish reversals using RSI, EMA bias, ATR spikes, candle patterns, volume spikes, and higher timeframe (HTF) trend alignment.
🧩 MAIN FEATURES
1. Reversal Probability (Bullish & Bearish)
Displays two key metrics:
Bull % — probability of bullish reversal
Bear % — probability of bearish reversal
These are computed using RSI, EMAs, ATR, demand/supply zones, candle confirmations, and volume spikes.
📊 Interpretation:
Bull % > 70% → Buying pressure building up
Bull % > 85% → Strong bullish reversal confirmed
Bear % > 70% → Selling pressure building up
Bear % > 85% → Strong bearish reversal confirmed
2. Alert Probability Threshold
Adjustable via alertThreshold (default = 85%).
Alerts trigger only when probability ≥ threshold, and confirmed by zone + volume spike + candle pattern.
🔔 Alerts Available:
✅ Bullish Smart Reversal
🔻 Bearish Smart Reversal
To activate: Right-click chart → “Add alert” → choose the alert condition from the indicator.
3. Demand / Supply Zone Detection
The script determines the price position within the last zoneLook (default 30) bars:
🟢 DEMAND → Lower 35% of range (potential bounce zone)
🔴 SUPPLY → Upper 35% of range (potential rejection zone)
⚪ MID → Neutral area
📘 Purpose: Validates reversals based on context:
Bullish only valid in Demand zones
Bearish only valid in Supply zones
4. Higher Timeframe (HTF) Trend Alignment
Reads EMA bias from a higher timeframe (default = 15m) for trend confirmation.
Reversals against HTF trend are automatically weighted down prevents false countertrend signals.
📈 Example:
M5 chart under M15 downtrend → Bullish probability is reduced.
5. Candle Confirmation Patterns
Two key price action confirmations:
Bullish: Engulfing or Pin Bar
Bearish: Engulfing or Pin Bar
A valid reversal requires both a candle confirmation and a volume spike.
6. Volume & ATR Spike Filters
Volume Spike: volume > SMA(20) × 1.3
ATR Spike: ATR > SMA(ATR, 50) × volMult
🎯 Ensures that only strong market moves with real energy are considered valid reversals.
7. Reversal Momentum Histogram
A color-gradient oscillator showing the momentum difference:
Green = bullish dominance
Red = bearish dominance
Flat near 0 = neutral
Controlled by showOscillator toggle.
8. Smart Info Panel
A compact dashboard displayed on the top-right with 4 rows:
Row	Info	Description
1	Bull %	Bullish reversal probability
2	Bear %	Bearish reversal probability
3	Zone	Market context (DEMAND / SUPPLY / MID)
4	Signal Strength	Current signal intensity (probability %)
Dynamic Colors:
90% → Bright (strong signal)
75–90% → Yellow/Orange (medium)
<75% → Gray (weak)
9. Sensitivity Mode
Fine-tunes indicator reactivity:
🟥 Aggressive: Detects reversals early (more signals, less accurate)
🟨 Normal: Balanced, default mode
🟩 Conservative: Filters only strongest reversals (fewer but more reliable)
10. Custom Color Options
Customize bullish and bearish colors via bullBaseColor and bearBaseColor inputs for your preferred chart theme.
⚙️ HOW TO USE
Add to Chart
→ Paste the script into Pine Editor → “Add to chart”.
Select Timeframe
→ Best for M5–M30 (scalping/intraday).
→ H1–H4 for swing trading.
Monitor the Info Panel:
Bull % ≥ 85% + Zone = Demand → Strong bullish reversal signal
Bear % ≥ 85% + Zone = Supply → Strong bearish reversal signal
Watch the Histogram:
Rising green bars = bullish momentum gaining
Deep red bars = bearish momentum gaining
Enable Alerts:
Right-click chart → “Add alert”
Choose Bullish Smart Reversal or Bearish Smart Reversal
🧠 TRADING TIPS
Use Conservative mode for noisy lower timeframes (M5–M15).
Use Aggressive mode for higher timeframes (H1–H4).
Combine with manual support/resistance or zone boxes for precision entries. Personally i use Order Block.
Best reversal setups occur when all align:
Bull % > 85%
Zone = DEMAND
Volume spike present
Candle = Bullish engulfing
HTF trend supportive
ADX - Globx Options & Futures 2.0The ADX Globx Options & Futures is a custom-built trend strength indicator designed to replicate and enhance the classic Average Directional Index (ADX) model, commonly used in professional trading platforms such as IQ Option.
This version is optimized for options and futures trading, providing precise directional strength readings through adaptive smoothing and configurable parameters.
Concept and Logic
This indicator measures the strength of the current trend, regardless of its direction (bullish or bearish), by comparing directional movement between price highs and lows over a defined period.
It uses three main components:
+DI (Positive Directional Indicator): represents bullish strength.
–DI (Negative Directional Indicator): represents bearish strength.
ADX (Average Directional Index): measures the intensity of the prevailing trend, independent of direction.
The script follows the original logic proposed by J. Welles Wilder Jr., but introduces enhanced smoothing flexibility.
Users can choose between EMA (Exponential Moving Average) and Wilder’s RMA (Running Moving Average) for both DI and ADX calculations, allowing closer alignment with various platform implementations (IQ Option, MetaTrader, etc.).
How It Works
Directional Movement Calculation
The script computes upward and downward movements (+DM and –DM) by comparing the differences in highs and lows between consecutive candles.
Only positive directional changes that exceed the opposite side are considered.
This ensures each bar contributes only one valid directional movement.
True Range and Smoothing
The True Range (TR) is calculated using ta.tr(true) to include price gaps—replicating how professional derivatives platforms account for volatility jumps.
Both TR and DM values are smoothed using the selected averaging method (EMA or Wilder).
Directional Index and ADX
The smoothed +DI and –DI values are normalized over the True Range to form the Directional Index (DX), which measures the percentage difference between the two.
The ADX is then derived by smoothing the DX values, providing a stable reading of overall market strength.
Visual Representation
The ADX (white line) indicates the overall trend strength.
The +DI (dark blue) and –DI (dark red) lines show which side (bullish or bearish) is currently dominant.
Reference levels at 20 and 25 serve as strength thresholds:
Below 20 → Weak or sideways market.
Above 25 → Strong and directional trend.
Usage and Interpretation
When ADX rises above 25, the market shows a strong trend — use +DI > –DI for bullish confirmation, or the opposite for bearish momentum.
A falling ADX suggests decreasing trend strength and potential consolidation.
The default parameters (ADX Length = 34, DI Length = 34, both smoothed by EMA) match IQ Option’s internal ADX configuration, ensuring consistency between platforms.
Works on any timeframe or asset class, but is especially tuned for futures and options volatility dynamics.
Originality and Improvements
Unlike many open-source ADX indicators, this version:
Recreates IQ Option’s 34-length EMA-based ADX calculation with exact parameter alignment.
Provides selectable smoothing algorithms (EMA or Wilder) to switch between modern and classic formulations.
Uses dark-theme-optimized visuals with fine line weight and subtle contrast for clean visibility.
Maintains constant guide levels (20/25) rendered globally for precision and style compliance in Pine Script v6.
Is fully rewritten for Pine Script v6, ensuring compatibility and optimized execution.
Recommended Use
Combine with trend-following systems or breakout strategies.
Ideal for identifying market strength before engaging in options directionals or futures entries.
Use the ADX to confirm breakout momentum or filter sideways markets.
Disclaimer
This script is for educational and analytical purposes. It does not constitute financial advice or a trading signal. Users are encouraged to validate the indicator within their own trading strategies and risk frameworks.
MTF RSI Heatmap)# MTF RSI Heatmap — v2.7.2
**Hybrid Higher-TF Trend + Intraday Impulse Detection + Smart Counters & Alerts**
Turn your lower pane into a **multi-timeframe market bias dashboard**. This heatmap blends classic RSI momentum with a **hybrid Daily/Weekly MA-stack trend** and an **intraday impulse override** that flags fast moves *as they happen*. Clean, configurable, and built for real trading flow.
---
## What it shows
* **6 stacked rows = 6 timeframes** (bottom → top).
* **Colors**: Green = Bull, Red = Bear, Yellow = Neutral.
* **Header counter**: `Bull X/6 | Bear Y/6` = live agreement across visible rows.
* **Impulse markers** ▲/▼ on intraday rows (5m/15m/60m/240m) when a shock move triggers.
* **Signal bar**: A thin column above the top row when at least **N of 6** rows align (configurable).
---
## Why it’s different
* **Impulse Override (intraday)**
  Detects sharp moves using % change over the last *N* bars, optionally gated by **volume > SMA × multiplier**. This catches dumps/pops earlier than RSI alone.
* **Hybrid D/W (structure over noise)**
  Daily/Weekly rows can use an **MA stack (8/21/55)** instead of RSI for a more stable higher-timeframe trend read. Optional **price > fast MA** filter for stricter confirmation.
* **Intrabar option**
  Flip rows **during the bar** for early reads (accepting repaint on TF close), or keep it close-only for no surprises.
---
## Key features
* 🌈 **Theme**: Classic or High-Contrast colors.
* 🧠 **RSI thresholds**: Bull above 55, Bear below 45 (editable).
* 🧲 **RSI smoothing** (EMA) for intraday rows to reduce flicker.
* 🧰 **Compact left legend** with adjustable text size & opacity.
* 🚨 **Alerts**:
  * **Impulse-only** (per TF and “any intraday”)
  * **N-of-6 confirmation** (bull/bear)
---
## Recommended settings (fast opens & news)
* **Impulse**: `Bars = 1–2`, `Threshold = 0.25–0.35%`, `Vol confirm = ON`, `Multiplier = 1.3–1.5`.
* **Hybrid D/W**: `ON`, `EMA 8/21/55`, `Price filter = ON`.
* **Intrabar**: `ON` if you want intra-bar updates (repaints at TF close).
---
## How to read it
1. **Row scan**: Are the bottom (fast) rows aligning first? That’s early momentum.
2. **Header counter**: Look for 4+/6 agreement as momentum broadens.
3. **Signal bar**: Acts as a “go/no-go” confirmation when your threshold is met.
4. **Impulse ▲/▼**: Use as a **heads-up** for acceleration; then watch if rows cascade in that direction.
---
## Alerts (exact names)
Create alerts with these built-ins:
* **Impulse UP — any intraday**
* **Impulse DOWN — any intraday**
* **Impulse UP — TF1 / TF2 / TF3 / TF4**
* **Impulse DOWN — TF1 / TF2 / TF3 / TF4**
* **Bull confirmation** (N-of-6)
* **Bear confirmation** (N-of-6)
Tip: Use **Once per bar** or **Once per bar close** depending on whether you enabled *Intrabar*.
---
## Inputs overview
* **Timeframes & visibility** per row.
* **RSI**: length, bull/bear thresholds, optional EMA smoothing (intraday only).
* **Impulse**: bars, %, volume confirm, SMA length, multiplier, markers.
* **Hybrid D/W**: MA type (EMA/SMA/HMA), 8/21/55 lengths, price filter.
* **Theme & Legend**: color theme, label size (Tiny/Small/Normal), legend opacity.
* **Signal**: N required for confirmation (default 4).
---
## Pro tips
* Combine with **session opens**, **VWAP**, and **liquidity levels**.
* If you trade breakouts, let **impulse triggers** cue attention, then wait for **N-of-6** confirmation.
* For swing bias, lean on **Hybrid D/W**—it changes slower, but with intent.
---
## Notes & limitations
* **Intrabar = repaint expected** on higher-TF closes—by design for earlier context.
* Colors/thresholds are general guidance, not signals by themselves.
* Past performance ≠ future results; **this is not financial advice**.
---
If you enjoy this, drop a ⭐ and tell me what you want next: background shading on confirmation, tooltips with RSI/ROC per row, or a MACD/RSI hybrid mode. Trade sharp! ✨
RSI Bars - OnlyFlowThis indicator applies the RSI (Relative Strength Index) to candle coloring so that bar colors reflect momentum conditions instead of a fixed scheme.
RSI Logic: Bars shift color when RSI values move into overbought or oversold regions, with intensity scaled by how far RSI extends beyond the thresholds.
Gradient / Step Mode: Choose between a smooth gradient or a 3-step palette to visualize strength.
Directional Neutral Colors: Neutral zones can follow candle direction for clearer trend context.
Customization: Overbought/oversold levels and color palettes are user-configurable.
Optional RSI Panel: An RSI plot with overbought/oversold lines can be enabled in a separate pane if desired.
This tool is meant to give traders a more intuitive view of RSI conditions directly on price bars, helping to quickly see momentum extremes without needing to glance away from the chart.
Relative Strength index 2xRelative Strength Index 2× 
The RSI*2 by AZly is an advanced dual-RSI indicator that allows traders to analyze momentum from two distinct perspectives — short-term and medium-term — on a single chart. It combines RSI precision with multi-timeframe flexibility, giving a clear view of both immediate and underlying momentum trends.
⚙️  How It Works 
This indicator calculates and plots two fully independent RSI lines, each with customizable settings:
 RSI 1 (Main RSI) : Captures medium-term momentum, ideal for trend and context.
 RSI 2 (Fast RSI) : Reacts quickly to short-term moves, identifying overbought and oversold conditions.
 Both RSIs include: 
Custom timeframe, source, and smoothing method (SMA, EMA, WMA, VWMA, HMA, SMMA).
Gradient zones to visualize momentum strength and reversals.
Adjustable levels and colors for clear chart presentation.
📘  Andrew Cardwell Zones (RSI 1) 
RSI 1 uses Andrew Cardwell’s “range rules” to distinguish bullish and bearish momentum phases:
 Bullish Range:  RSI holds between 40–80, finding support around 40–45.
 Bearish Range:  RSI stays between 20–60, with rallies capped near 55–60.
A breakout from one range into another often signals a  trend phase transition  — marking potential trend beginnings or endings.
⚡  Overbought/Oversold Zones (RSI 2) 
RSI 2 is designed for fast reactions and reversal detection:
95–100:  Extreme overbought zone  — potential exhaustion and short setup.
5–0:  Extreme oversold zone  — potential exhaustion and long setup.
Crossing these levels highlights  short-term momentum exhaustion , often preceding pullbacks or strong price reversals.
💡  Why It’s Better 
Compared to traditional RSI indicators, this version provides superior control and insight:
 Dual independent RSIs  with separate timeframes and smoothing.
 Cardwell-style range recognition  for better context of trend strength.
 Extreme bands  for fast RSI 2 to time entries with precision.
 Dynamic gradient zones  for intuitive visual interpretation.
 Multi-timeframe flexibility  that adapts to any trading style.
🎯  Trading Concepts 
 Trend Confirmation: 
RSI 1 above 50 (bullish range) confirms uptrend bias; below 50 (bearish range) confirms downtrend.
 Reversal Setup: 
RSI 2 hitting extreme zones (above 95 or below 5) while RSI 1 stays steady often signals exhaustion and reversal setups.
 Divergence Confirmation: 
When RSI 2 diverges from price and RSI 1 supports the direction, it strengthens reversal probability.
 Range Transition: 
A shift in RSI 1’s range (from bearish to bullish or vice versa) confirms a major change in market structure.
🕒  Trade Timing (Entry Ideas) 
Timing is one of the indicator’s strongest features.
Wait for  RSI 2  to reach an extreme zone (above 95 or below 5).
Then confirm the direction with RSI 1 — trades are most effective when RSI 1’s range aligns with the anticipated move.
 Buy Setup: 
RSI 1 in bullish range + RSI 2 rebounds upward from the 5 zone.
 Sell Setup: 
RSI 1 in bearish range + RSI 2 turns down from the 95 zone.
 Best Timing: 
Enter when RSI 2 crosses back inside the 10–90 range in the same direction as RSI 1’s trend.
This captures momentum just as it resumes — avoiding early or late entries.
🔷  M & W Patterns (RSI 2) 
RSI 2 also reveals short-term exhaustion structures:
“ M ” Formation: Two RSI peaks near 95–100 — bearish reversal setup.
“ W ” Formation: Two RSI troughs near 0–5 — bullish reversal setup.
These shapes often appear before price reversals, offering early momentum clues.
⚠️  Important Trading Guidance 
 It is strongly recommended not to trade against the prevailing trend or attempt to pick exact tops or bottoms.  The indicator works best when used in  alignment with trend direction.  Counter-trend entries carry higher risk and lower probability.
📊  Recommended Use 
Ideal for momentum traders, scalpers, and multi-timeframe analysts seeking precise timing and context. Works on all markets — forex, crypto, stocks, indexes, and commodities.






















