ATR Strength Index~~~~~~~ATRRSI~~~~~~~~~
Understanding the ATR Strength IndexThe "ATR Strength Index" (ATR SI) is a custom technical indicator derived by applying the calculation methodology of the Relative Strength Index (RSI) to the values of the Average True Range (ATR).
While the standard RSI measures the momentum of price changes, the ATR SI measures the momentum of volatility itself, as represented by the ATR.It is important to note that this is not a standard, widely recognised indicator like the traditional RSI or ATR.
It's a custom construction designed to provide a different perspective on market dynamics – specifically, the speed and magnitude of changes in volatility.
How it is Calculated
The calculation of the ATR Strength Index follows the same steps as the standard RSI, but the input data is the ATR value for each period, rather than the price.Let ATRi be the Average True Range value for the current period i.Let ATRi−1 be the Average True Range value for the previous period i−1.Calculate the period-over-period change in ATR:ΔATRi=ATRi−ATRi−1Separate ATR Gains and ATR Losses:If ΔATRi>0, then ATR,Gaini=ΔATRi and ATR,Lossi=0.If ΔATRi<0, then ATR,Gaini=0 and ATR,Lossi=∣ΔATRi∣.If ΔATRi=0, then ATR,Gaini=0 and ATR,Lossi=0.Calculate the Smoothed Average ATR Gain and Average ATR Loss over a specified lookback period (let's call this the "RSI Length" or n).
This typically uses a smoothing method similar to Wilder's original RSI calculation (a modified moving average or exponential moving average).Average,ATR,Gainn=Smoothed Average of ATR,Gain over n periodsAverage,ATR,Lossn=Smoothed Average of ATR,Loss over n periodsCalculate the ATR Relative Strength (ATR RS):ATR,RSn=Average,ATR,LossnAverage,ATR,GainnCalculate the ATR Strength Index:ATR,SIn=100−1+ATR,RSn100The resulting index oscillates between 0 and 100, just like the standard RSI.
How to Use It
Interpreting the ATR Strength Index focuses on the momentum of volatility rather than price momentum:High Values (e.g., above 70): Indicate that volatility (as measured by ATR) has been increasing rapidly over the chosen period.
This could suggest a market transitioning from a period of low volatility to high volatility, potentially preceding or accompanying strong directional price moves or increased choppiness.Low Values (e.g., below 30): Indicate that volatility has been decreasing rapidly.
This could suggest a market transitioning from high volatility to low volatility, potentially entering a period of consolidation or ranging price action.Midline (50): Represents a balance between increasing and decreasing volatility momentum.Divergence: You could potentially look for divergence between the ATR value itself and the ATR Strength Index. For example, if ATR is making higher highs but the ATR SI is making lower highs, it might suggest that while volatility is still increasing, the speed of that increase is slowing down. The interpretation and reliability of such divergence would need careful testing.
This indicator is best used as a supplementary tool to gain insight into the underlying volatility dynamics of the market, rather than as a primary signal generator for price direction.
It can help in understanding the current market environment – whether volatility is picking up or dying down – which can inform the suitability of different trading strategies (e.g., trend-following strategies might be more effective when volatility momentum is high, while range-bound strategies might suit periods of low volatility momentum).
Uniqueness
The ATR Strength Index is unique because it applies a momentum oscillator's logic (RSI) to a volatility indicator's output (ATR).Standard RSI: Focuses on the directional force of price movements.Standard ATR: Measures the amount of volatility, regardless of direction.ATR Strength Index: Measures the speed and direction of change in volatility.
It provides a perspective that neither the standard RSI nor ATR offers on their own – a quantified measure of how quickly the market's choppiness or range is expanding or contracting. This can be valuable for traders who incorporate volatility analysis into their decision-making process.In summary, the ATR Strength Index is a custom indicator that adapts the RSI calculation to measure the momentum of volatility, offering a unique view on market dynamics by showing how rapidly volatility is increasing or decreasing.
Indicadores e estratégias
ADX Full [Titans_Invest]ADX Full
This is, without a doubt, the most complete ADX indicator available on TradingView — and quite possibly the most advanced in the world. We took the classic ADX structure and fully optimized it, preserving its essence while elevating its functionality to a whole new level. Every aspect has been enhanced — from internal logic to full visual customization. Now you can see exactly what’s happening inside the indicator in real time, with tags, flags, and informative levels. This indicator includes over 22 long entry conditions and 22 short entry conditions , covering absolutely every possibility the ADX can offer. Everything is transparent, adjustable, and ready to fit seamlessly into any professional trading strategy. This isn’t just another ADX — it’s the definitive ADX, built for traders who take the market seriously.
⯁ WHAT IS THE ADX❓
The Average Directional Index (ADX) is a technical analysis indicator developed by J. Welles Wilder. It measures the strength of a trend in a market, regardless of whether the trend is up or down.
The ADX is an integral part of the Directional Movement System, which also includes the Plus Directional Indicator (+DI) and the Minus Directional Indicator (-DI). By combining these components, the ADX provides a comprehensive view of market trend strength.
⯁ HOW TO USE THE ADX❓
The ADX is calculated based on the moving average of the price range expansion over a specified period (usually 14 periods). It is plotted on a scale from 0 to 100 and has three main zones:
Strong Trend: When the ADX is above 25, indicating a strong trend.
Weak Trend: When the ADX is below 20, indicating a weak or non-existent trend.
Neutral Zone: Between 20 and 25, where the trend strength is unclear.
⯁ ENTRY CONDITIONS
The conditions below are fully flexible and allow for complete customization of the signal.
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🔹 CONDITIONS TO BUY 📈
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• Signal Validity: The signal will remain valid for X bars .
• Signal Sequence: Configurable as AND or OR .
🔹 +DI > -DI
🔹 +DI < -DI
🔹 +DI > ADX
🔹 +DI < ADX
🔹 -DI > ADX
🔹 -DI < ADX
🔹 ADX > Threshold
🔹 ADX < Threshold
🔹 +DI > Threshold
🔹 +DI < Threshold
🔹 -DI > Threshold
🔹 -DI < Threshold
🔹 +DI (Crossover) -DI
🔹 +DI (Crossunder) -DI
🔹 +DI (Crossover) ADX
🔹 +DI (Crossunder) ADX
🔹 +DI (Crossover) Threshold
🔹 +DI (Crossunder) Threshold
🔹 -DI (Crossover) ADX
🔹 -DI (Crossunder) ADX
🔹 -DI (Crossover) Threshold
🔹 -DI (Crossunder) Threshold
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🔸 CONDITIONS TO SELL 📉
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• Signal Validity: The signal will remain valid for X bars .
• Signal Sequence: Configurable as AND or OR .
🔸 +DI > -DI
🔸 +DI < -DI
🔸 +DI > ADX
🔸 +DI < ADX
🔸 -DI > ADX
🔸 -DI < ADX
🔸 ADX > Threshold
🔸 ADX < Threshold
🔸 +DI > Threshold
🔸 +DI < Threshold
🔸 -DI > Threshold
🔸 -DI < Threshold
🔸 +DI (Crossover) -DI
🔸 +DI (Crossunder) -DI
🔸 +DI (Crossover) ADX
🔸 +DI (Crossunder) ADX
🔸 +DI (Crossover) Threshold
🔸 +DI (Crossunder) Threshold
🔸 -DI (Crossover) ADX
🔸 -DI (Crossunder) ADX
🔸 -DI (Crossover) Threshold
🔸 -DI (Crossunder) Threshold
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🤖 AUTOMATION 🤖
• You can automate the BUY and SELL signals of this indicator.
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⯁ UNIQUE FEATURES
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Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Condition Table: BUY/SELL
Condition Labels: BUY/SELL
Plot Labels in the Graph Above: BUY/SELL
Automate and Monitor Signals/Alerts: BUY/SELL
Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Table of Conditions: BUY/SELL
Conditions Label: BUY/SELL
Plot Labels in the graph above: BUY/SELL
Automate & Monitor Signals/Alerts: BUY/SELL
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📜 SCRIPT : ADX Full
🎴 Art by : @Titans_Invest & @DiFlip
👨💻 Dev by : @Titans_Invest & @DiFlip
🎑 Titans Invest — The Wizards Without Gloves 🧤
✨ Enjoy!
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o Mission 🗺
• Inspire Traders to manifest Magic in the Market.
o Vision 𐓏
• To elevate collective Energy 𐓷𐓏
sideways market for strangleThis Pine Script is designed to identify **sideways or range-bound markets**, which are often ideal conditions for trading **options strangle strategies**. Here's a breakdown of what the script does:
---
### 🛠 **Purpose:**
To **detect low-volatility, sideways market conditions** where price is not trending strongly in either direction — suitable for **neutral options strategies like short strangles**.
---
### 📌 **Key Components:**
#### 1. **Inputs:**
- `RSI Length`: Default 14 — used for calculating the Relative Strength Index (RSI).
- `ADX Length`: Default 14 — used for calculating the Average Directional Index (ADX), DI+ (positive directional movement), and DI- (negative directional movement).
#### 2. **RSI Calculation:**
- `rsiValue` is calculated using the built-in `ta.rsi(close, rsiLength)`.
- A **sideways market** is expected when RSI is in the **40–60 range**, indicating lack of strong momentum.
#### 3. **ADX and Directional Indicators (DI+ and DI-):**
- `diPlus` and `diMinus` are calculated based on recent price movements and the True Range.
- `dx` (Directional Index) measures the strength of trend direction using the difference between DI+ and DI-.
- `adx` is a smoothed version of `dx` and represents **overall trend strength**.
#### 4. **Sideways Market Conditions:**
- **RSI Condition**: RSI is between 40 and 60.
- **ADX Condition**:
- `adx <= 25` → Weak or no trend.
- `adx < diPlus` and `adx < diMinus` → Confirms ADX is lower than directional components, reducing likelihood of a trending market.
#### 5. **Signal Plot:**
- A **green label below the bar** (`shape.labelup`) is plotted when both conditions are met.
- Indicates potential sideways market conditions.
---
### ✅ **Use Case:**
- This signal can help identify **low-volatility zones** suitable for **short strangles** or **iron condors**, where you profit from time decay while expecting the price to stay within a range.
BBands Channels with EMAs# **BBands Channels with EMAs Indicator Explanation**
---
## **📌 Feature Overview**
### **1. Bollinger Bands**
- **Basis Line**: 160-period SMA (adjustable)
- **Inner Bands**:
- **Upper**: Basis + 2× Standard Deviation
- **Lower**: Basis - 2× Standard Deviation
- **Outer Bands**:
- **Upper Top**: Basis + 3× Standard Deviation
- **Lower Low**: Basis - 3× Standard Deviation
- **Fill Effect**: Semi-transparent black fill between inner and outer bands
### **2. Exponential Moving Averages (EMAs)**
| Period | Purpose | Line Style |
|--------------|-----------------------------|------------------|
| **EMA 27** | Short-term trend | Thin line |
| **EMA 120** | Short-to-medium-term trend | Medium line |
| **EMA 200** | Medium-term trend | Medium line |
| **EMA 1120** | Ultra-long-term trend | Thick line |
---
## **⚙️ Parameter Settings**
### **Bollinger Bands**
| Parameter | Default | Description |
|---------------|---------|--------------------------------------|
| `length` | 160 | SMA calculation period |
| `mult` | 2.0 | Standard deviation multiplier (inner bands) |
| `multOuter` | 3.0 | Standard deviation multiplier (outer bands) |
| `offset` | 0 | Time offset for plots (±500 bars) |
### **Exponential Moving Averages (EMAs)**
| Parameter | Default | Description |
|-----------------|---------|---------------------------|
| `ema1Length` | 27 | EMA 1 period |
| `ema2Length` | 120 | EMA 2 period |
| `ema3Length` | 200 | EMA 3 period |
| `ema4Length` | 1120 | EMA 4 period |
---
## **📊 Use Cases**
### **1. Trend Confirmation**
- **Bullish Trend**: Price above EMA200 + Bollinger Band expansion
- **Bearish Trend**: Price below EMA200 + Bollinger Band expansion
### **2. Overbought/Oversold Signals**
- **Upper Band Touch**: Price reaches Upper Top → Potential overbought
- **Lower Band Touch**: Price reaches Lower Low → Potential oversold
### **3. Volatility Strategies**
- **Band Squeeze**: Narrowing gap between bands → Breakout warning
- **Band Expansion**: Price breaks outer band → Trend acceleration
---
**✅ Summary**
This indicator combines **Bollinger Bands + Multi-period EMAs** for:
- Trend tracking
- Volatility analysis
- Multi-timeframe strategies
---
# **BBands Channels with EMAs 指標說明**
---
## **📌 功能概述**
### **1. 布林通道 (Bollinger Bands)**
- **基礎線 (Basis Line)**: 160週期SMA(可調整)
- **內通道 (Inner Bands)**:
- 上軌 (Upper): 基礎線 + 2倍標準差
- 下軌 (Lower): 基礎線 - 2倍標準差
- **外通道 (Outer Bands)**:
- 上外軌 (Upper Top): 基礎線 + 3倍標準差
- 下外軌 (Lower Low): 基礎線 - 3倍標準差
- **填充效果**: 內外通道間半透明黑色填充
### **2. 指數移動平均線 (EMAs)**
| 週期 | 用途 | 線條樣式 |
|-------------|-------------------|-----------------|
| **EMA 27** | 短期趨勢 | 細線 |
| **EMA 120** | 中短期趨勢 | 中等線 |
| **EMA 200** | 中期趨勢 | 中等線 |
| **EMA 1120**| 超長期趨勢 | 粗線 |
---
## **⚙️ 參數設定**
### **布林通道 (Bollinger Bands)**
| 參數名 | 預設值 | 說明 |
|-------------|--------|---------------------------|
| `length` | 160 | SMA計算週期 |
| `mult` | 2.0 | 內通道標準差倍數 |
| `multOuter` | 3.0 | 外通道標準差倍數 |
| `offset` | 0 | 線圖時間偏移(±500根K棒) |
### **指數移動平均線 (EMAs)**
| 參數名 | 預設值 | 說明 |
|----------------|---------|-------------------|
| `ema1Length` | 27 | 第一條EMA週期 |
| `ema2Length` | 120 | 第二條EMA週期 |
| `ema3Length` | 200 | 第三條EMA週期 |
| `ema4Length` | 1120 | 第四條EMA週期 |
---
## **📊 應用場景**
### **1. 趨勢確認**
- **多頭趨勢**: 價格在EMA200上方 + 布林通道擴張
- **空頭趨勢**: 價格在EMA200下方 + 布林通道擴張
### **2. 超買超賣信號**
- **觸及外軌**: 價格觸碰Upper Top → 可能超買
- **觸及下軌**: 價格觸碰Lower Low → 可能超賣
### **3. 波動率策略**
- **通道收窄**: 內外通道間距縮小 → 突破預警
- **通道擴張**: 價格突破外軌 → 趨勢加速
---
**✅ 總結**
本指標透過**布林通道+多週期EMA**的組合,適用於:
- 趨勢跟蹤
- 波動率分析
- 多時間框架策略
TJR's BOS strategyBreak of Structure (BOS) Indicator: TJR version
This Break of Structure (BOS) Indicator helps you identify key market shifts by highlighting breaks in market structure. It uses price action to spot significant swing highs and swing lows and draws horizontal lines that extend to the right whenever a BOS occurs.
Features:
Real-Time Updates: The indicator continuously updates in real time, marking BOS points as they occur.
BOS Lines:
Bullish Break of Structure (BOS): Occurs when the price closes above a previously established high.
Bearish Break of Structure (BOS): Occurs when the price closes below a previously established low.
Customizable: Easily change the color and line length of the BOS markers to suit your charting preferences.
Max Lines Control: Limit the number of BOS lines shown in both upward and downward directions to keep the chart clean.
Visual Clarity: Lines are drawn directly on the high or low levels, marking clear BOS zones on the chart for easy identification.
How to Use:
BOS Up: A bullish BOS is marked when the price closes above a previously marked high.
BOS Down: A bearish BOS is marked when the price closes below a previously marked low.
Trend Direction: This indicator can be particularly useful for traders following trend continuation or reversal strategies, as BOS points represent key areas where market sentiment shifts.
Custom Settings:
Change the color of BOS lines for better visibility.
Adjust the maximum number of BOS lines to display.
MACD-V with Volatility Normalisation [DCD]MACD-V with Volatility Normalisation
This indicator is a modified version of the traditional MACD, designed to account for market volatility by normalizing the MACD line using the Average True Range (ATR). It provides a more adaptive approach to identifying momentum shifts and potential trend reversals. This indicator was developed by Alex Spiroglou in this paper:
Spiroglou, Alex, MACD-V: Volatility Normalised Momentum (May 3, 2022).
Features:
Volatility Normalization: The MACD line is adjusted using ATR to standardize its values across different market conditions.
Customizable Parameters: Users can adjust the MACD fast length, slow length, signal line smoothing, and ATR length to suit their trading style.
Histogram Visualization: The histogram highlights the difference between the MACD and signal lines, with customizable colors for positive and negative momentum.
Crossover Signals: Green and red dots indicate bullish and bearish crossovers between the MACD and signal lines.
Background Highlighting: The chart background changes to green when the MACD is above 0 and red when it is below 0, providing a clear visual cue for bullish and bearish conditions.
Horizontal Levels: Dotted horizontal lines are plotted at key levels for better visualization of MACD values.
How to Use:
Look for crossovers between the MACD and signal lines to identify potential buy or sell signals.
Use the histogram to gauge the strength of momentum.
Pay attention to the background color for quick identification of bullish (green) or bearish (red) conditions.
This indicator is ideal for traders who want a more dynamic MACD that adapts to market volatility. Customize the settings to align with your trading strategy and timeframe.
Order Block Breakout TrackerOrder Block Breakout Tracker
The Art of Trading Through Order Blocks
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Overview:
The Order Block Breakout Tracker indicator is designed for traders to identify and track key order block levels in the market, providing visual cues and alerts when these levels are broken. This indicator helps traders spot potential market reversals, trend changes, and breakouts in real time. With adjustable parameters and customizable visuals, it is suitable for various trading strategies and market conditions.
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Key Features:
1. Order Block Identification:
• Automatically detects and draws Bullish and Bearish Order Blocks based on significant price action patterns.
• Bullish OB: Identified when the price forms a strong bullish candle with a higher close.
• Bearish OB: Identified when the price forms a strong bearish candle with a lower close.
2. Customizable Visuals:
• Color Settings: Choose your preferred colors for bullish and bearish order blocks, including their labels.
• Label Customization: Set specific colors and styles for the labels to enhance clarity.
• Opacity Control: Adjust the transparency of order block zones to better visualize price action.
• Line Thickness: Define the thickness of the order block lines for better visibility.
3. Breakout Detection and Alerts:
• Detects when an Order Block is broken, signaling potential entry or exit points.
• Alert Conditions: Receive real-time alerts when a bullish or bearish order block is broken, keeping you informed of critical price movements.
• Bar Color Change: Optionally change the bar color when an order block is broken to indicate a shift in market sentiment.
4. Line Extension Feature:
• Extend broken order block lines for a customizable number of bars (up to 3 bars by default) after the breakout. This feature gives traders a visual reference for further price movement after a breakout.
5. Timeframe Control:
• Display order blocks only on timeframes above a specified minimum timeframe to ensure reliable signal generation.
• Dynamic Timeframe Filtering: Customize the indicator to only show order blocks on higher timeframes for more significant trends.
6. ATR-Based Filter for Candle Size:
• Filter out insignificant price action by adjusting the minimum candle size using an ATR multiplier.
• Ensures that only meaningful candles are considered for order block identification, reducing noise.
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Customization Inputs:
• Show Order Blocks: Toggle the visibility of order blocks on the chart.
• Keep Broken OB: Option to keep broken order blocks on the chart for historical reference.
• Opacity: Set the transparency level of the order block zones.
• Bullish and Bearish OB Colors: Customize the colors for bullish and bearish order blocks.
• Line Extension: Extend order block lines by a specified number of bars after a breakout.
• Bar Color on Break: Change the color of bars when an order block is broken.
• Minimum Timeframe: Set the minimum timeframe for displaying order blocks.
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Trading Strategy:
• Bullish Order Block: When a bullish order block is identified, it marks a potential support zone where price could reverse higher.
• Bearish Order Block: When a bearish order block is identified, it marks a potential resistance zone where price could reverse lower.
• Breakout Signals: A breakout above a bearish order block or below a bullish order block signals a continuation in the direction of the breakout.
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Alerts and Notifications:
Set up real-time alerts when:
• A Bullish OB is broken.
• A Bearish OB is broken.
• Any Order Block is broken.
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Use Cases:
• Day Traders: Quickly spot and react to order block breakouts and reversals.
• Swing Traders: Track longer-term support and resistance levels based on order block zones.
• Scalpers: Identify short-term breakouts and make quick trades based on market structure.
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Conclusion:
The Smart Order Block Zones indicator is an essential tool for traders who wish to enhance their market analysis by focusing on key price levels where significant institutional activity may be taking place. With its customizable features and real-time alerts, this tool helps you stay on top of critical market movements and make informed trading decisions.
Real Open/Close Ticks for Heiken Ashi CandlesJapanese candle open and close prices. Good if you're using a HeikenAshi chart and you want to see real opens and closes.
OFC - Liquidations ATS editionOFC – Liquidations (ATS-edition)
This indicator detects aggressive position closures and liquidation-style activity using a dynamic, flow-based approach grounded in Volume-to-Open-Interest (VOI) analysis. It identifies sudden surges in executed volume relative to open interest and filters them through adaptive, statistically-driven thresholds.
Built for traders who want to anticipate or confirm market flushes, stop hunts, or trap reversals, the tool supports detection of both long/short closures and optionally position openings — all based on actual order flow dynamics rather than speculative price patterns.
Key Features:
VOI Spike Detection: Identifies rare bursts of volume relative to open interest using percentile and volatility scaling.
Directional Filtering: Uses volume delta to determine whether long or short positions are being flushed.
Adaptive Thresholds: Built-in ATR and standard deviation normalization make the logic self-tuning across assets and timeframes.
Signal Confidence Tiers: Three levels of signal strength help distinguish mild pressure from extreme liquidations.
Opening Detection (Optional): Spot potential position buildups in real time.
Debug Table (Optional): View live stats including VOI, thresholds, and signal proximity.
Ideal Use Cases
Confirmation of liquidation flushes and reversals
Trap identification (long/short bait setups)
Tactical execution timing for breakout retests or exhaustion fades
Scalp filtering in combination with price action or market structure
This tool prioritizes signal quality over quantity, offering a clear edge for traders who rely on actionable flow insights.
No predictions — just real-time evidence of pressure in the tape.
Multi-Symbol Trend DashboardMulti-Symbol Trend Dashboard - MA Cross Trend Monitor
Short Description
A customizable dashboard that displays trend direction across multiple symbols and timeframes using moving average crossovers.
Full Description
Overview
This Multi-Symbol Trend Dashboard allows you to monitor trend direction across 7 different symbols and 5 timeframes simultaneously in a single view. The dashboard uses moving average crossovers to determine trend direction, displaying bullish trends in green and bearish trends in red.
Key Features
Multi-Symbol Monitoring : Track up to 7 different trading instruments at once
Multi-Timeframe Analysis: View 5 different timeframes simultaneously for each instrument
Customizable Moving Averages: Choose between SMA, EMA, or WMA with adjustable periods
Visual Clarity: Color-coded cells provide immediate trend identification
Flexible Positioning: Place the dashboard anywhere on your chart
Customizable Appearance: Adjust sizes, colors, and text formatting
How It Works
The dashboard calculates a fast MA and slow MA for each symbol-timeframe combination. When the fast MA is above the slow MA, the cell shows green (bullish). When the fast MA is below the slow MA, the cell shows red (bearish).
Use Cases
Get a bird's-eye view of market trends across multiple instruments
Identify potential trading opportunities where multiple timeframes align
Monitor your watchlist without switching between charts
Spot divergences between related instruments
Track market breadth across sectors or related instruments
Notes and Limitations
Limited to 7 symbols and 5 timeframes due to TradingView's security request limits
Uses simple MA crossover as trend determination method
Dashboard is most effective when displayed on a dedicated chart
Performance may vary on lower-end devices due to multiple security requests
Settings Explanation
MA Settings: Configure the periods and types of moving averages
Display Settings: Adjust dashboard positioning and visual elements
Trading Instruments: Select which symbols to monitor (defaults to major forex pairs)
Timeframes: Choose which timeframes to display (default: M15, H1, H4, D1, W1)
Colors: Customize the color scheme for bullish/bearish indications and headers
This dashboard provides a straightforward way to maintain situational awareness across multiple markets and timeframes, helping traders identify potential setups and market conditions at a glance.
JuiceBox CRSI EnhancedJuiceBox “CRSI Enhanced” is a single-pane, zero-lag Connors RSI indicator supercharged with multi-theory lenses, Jurik smoothing, and multi-timeframe consensus.
1. Base Oscillator (JL-CRSI):
- Computes Connors RSI (3‐period price RSI, 2‐period streak RSI, 100-period percentile rank)
- Smooths it with a true Jurik Moving Average (configurable length & phase)
2. Sliding‐Window Divergence Filter:
- Detects classic price–indicator divergences over a recent look-back window
- Only lets signals fire when CRSI and price lows or highs diverge in the same direction
3. MTF Consensus (Ultra-product):
- For each lens, checks that at least 2 of {1m, 3m, 5m, 15m} agree on the same condition
- Ensures you see only the tightest, zero-lag multi-timeframe confirmation
4. Four “Lenses” (overlaid on the CRSI line):
Jerk (1ˢᵗ derivative) as a histogram, volume-weighted and ATR-scaled for adaptive sensitivity
Infinitesimal Divergence (2ⁿᵈ derivative) as a thin histogram, using a dynamic ε based on recent volatility
Zero-Cross markers (up/down labels) on the detrended CRSI midline, filtered by MTF consensus
Recurrence crosses, spotting 3-bar “W”/“M” micro-patterns that exceed a minimum amplitude and extend when volume surges
5. Classic RSI Reference Lines:
- 30, 50, 70 thresholds drawn with customizable solid, dashed or dotted styles
Daily ATR Bonanza: Expected Moves - Tr33man Daily ATR Bonanza: Expected Moves
Overview 🤷♂️
The Daily ATR Bonanza script is a powerful trading tool designed to help traders visualize and understand potential price movements using the Average True Range (ATR). It provides daily and weekly ATR levels, historical statistics, and conditional probability analysis to give traders actionable insights. The script also plots the daily Keltner channel. This script is ideal for traders who want to gauge volatility, identify key levels, and make data-driven decisions.
b]Key Features:
📈 1. Daily and Weekly ATR Levels
🔵ATR Levels: The script calculates and displays ATR-based levels for the day and week. These levels are derived from the previous day's or week's close price and are adjusted using customizable multipliers (0.5x, 1x, and 1.5x by default).
🔵You can choose the number of ATR levels (1, 2, or 3) and adjust the multipliers to suit your trading strategy.
🌐 2. ATR Bands (Keltner Channels)
🔵The script includes an option to display ATR Bands, which are volatility-based envelopes around a moving average. These bands help identify overbought and oversold conditions.
🔵You can adjust the ATR multiplier and the length of the moving average used for the bands.
🧮 3. Historical Statistics and Conditional Probability
🔵 Historical Analysis: The script analyzes historical price movements to calculate the likelihood of closing at certain ATR levels.
🔵 Conditional Probability: This feature shows the probability of the price reaching specific ATR levels given the current market conditions. The conditional matches historical data by an open in the same opening ATR bucket, as well as the current price bucket having been visited in the historical case. Conditional probabilities are just statistics, and do not predict anything.
Data Table: 📚
🔵 Historical Close Probability: The percentage of days the price closed within each ATR level.
🔵 Conditional Close Probability: The likelihood of the price closing within each ATR level today.
❓ What is Conditional Probability? ❓
Conditional probability is a statistical measure that calculates the likelihood of an event occurring given that another event has already occurred. In this script, it is used to determine the probability of the price reaching specific ATR levels based on the current opening range as well as current ATR distance from the previous close.
For example:
If the market opens near the lower end of the first ATR level, the script calculates the likelihood of the price reaching the upper end of the first, second, or third ATR level.
This analysis is based on historical data, making it a powerful tool for understanding potential price movements.
🌟 Understanding the Levels
🔵Daily Levels: These are based on the previous day's close price and ATR. They are updated at the start of each new day.
🔵Weekly Levels: These are based on the previous week's close price and ATR. They are updated at the start of each new week.
🔵ATR Bands: These are dynamic levels that adjust with market volatility.
🔬 Analyze the Statistics (Daily only for now, no weekly yet)
🔵Use the interactive table to understand historical probabilities and conditional probabilities.
🔵Focus on the current opening range and the likelihood of reaching specific levels.
🧠 Make Trading Decisions
🔵Use the ATR levels and bands to identify key support and resistance levels.
🔵Use the conditional probability table to gauge the likelihood of reaching specific targets.
🔵Adjust your strategy based on the historical performance of the market.
Example Use Cases
1. Day Trading
Use the daily ATR levels to set intraday targets and stop-loss levels.
Monitor the conditional probability table to adjust your expectations based on the opening range.
2. Swing Trading
Use the weekly ATR levels to identify longer-term support and resistance levels.
3. Scalping
Use the ATR bands to identify overbought and oversold conditions.
Use the conditional probability table to quickly assess the likelihood of price movements.
Aggregated Open Interest [Alpha Extract]The Aggregated Open Interest indicator provides a comprehensive view of open interest across multiple cryptocurrency exchanges, allowing traders to monitor institutional positioning and market sentiment. By aggregating data from major exchanges like Binance, BitMEX, and Kraken, this indicator offers valuable insights into potential price movements and market shifts.
🔶 CALCULATION
The indicator processes open interest data through multiple analytical methods:
Exchange Aggregation: Collects and normalizes open interest data from multiple exchanges (Binance, BitMEX, Kraken) with proper currency normalization.
Multi-Mode Analysis: Calculates various metrics including raw open interest values, OI change, OI delta, volume-weighted delta, and OI RSI.
Divergence Detection: Uses pivot point analysis to identify divergences between price action and open interest movements.
Activity Assessment: Tracks bullish and bearish activity patterns by correlating open interest changes with price movements.
Formula:
Aggregate OI = Sum of normalized open interest from selected exchanges
OI Change = Current OI - Previous OI
OI Delta = Net change in open interest across timeframes
OI Delta × Volume = OI Delta weighted by relative volume
OI RSI = Relative Strength Index applied to open interest values
OI Heatmap = Multi-timeframe visualization of OI changes across 7 distinct periods
🔶 DETAILS
Visual Features:
Open Interest: Candlestick representation of aggregated open interest
OI Change: Histogram showing period-to-period changes
OI Delta: Histogram displaying net OI movements
OI Delta × Volume: Volume-weighted OI delta for enhanced signals
OI RSI: Oscillator showing overbought/oversold OI conditions
OI Heatmap: Multi-timeframe visualization showing OI changes across 7 periods (3, 5, 8, 13, 21, 34, and 55 days)
Divergence Detection: Color-coded markers (teal for bullish, red for bearish) highlighting significant divergences between price and open interest
Analysis Table: Real-time summary of key metrics including aggregate OI, recent changes, and bullish/bearish activity.
Interpretation:
Increasing Open Interest + Rising Price: Strong bullish trend confirmation
Increasing Open Interest + Falling Price: Strong bearish trend confirmation
Decreasing Open Interest + Rising Price: Weak bullish trend (potential reversal)
Decreasing Open Interest + Falling Price: Weak bearish trend (potential reversal)
Divergences: Signal potential trend exhaustion and reversals when price moves in one direction while open interest moves in the opposite direction
Heatmap: Provides at-a-glance insight into open interest trends across multiple timeframes, with green bars indicating rising OI and red bars indicating falling OI
🔶 EXAMPLES
Trend Confirmation: Rising open interest accompanying a price increase confirms strong bullish momentum with institutional backing.
Example: During January-February 2025, rising OI during price advances confirms institutional participation in the uptrend.
Bearish Divergence: Price makes a higher high while open interest makes a lower high, signaling potential trend reversal.
Example: Red markers appear at market tops where price continues higher but open interest fails to confirm, preceding significant corrections.
Bullish Divergence : Price makes a lower low while open interest makes a higher low, indicating potential bottoming.
Example: Teal markers appear at market bottoms where price continues lower but open interest fails to confirm, preceding significant rallies.
OI Heatmap Analysis : Multiple timeframes showing consistent red signals across short to long-term periods indicate strong institutional selling pressure.
Example: When all 7 periods (3-55 days) show red during a price uptrend, this signals institutional selling into retail strength, often preceding major corrections.
🔶 SETTINGS
Customization Options:
Data Sources: Toggle different exchanges (Binance USDT/USD/BUSD, BitMEX USD/USDT, Kraken USD)
Display Mode: Choose between Open Interest, OI Change, OI Delta, OI Delta × Volume, OI RSI, and OI Heatmap
Currency Units: Display in USD or base cryptocurrency (COIN)
Analysis Tools: Moving Average (length and color), RSI (length and color)
Divergence Detection: Enable/disable signals, adjust lookback period and threshold percentage, customize bullish/bearish divergence colors
OI Heatmap Colors: Customize bullish (green) and bearish (red) signal colors for the multi-timeframe heatmap visualization
The Aggregated Open Interest indicator provides traders with comprehensive insights into institutional positioning across major exchanges, helping identify potential trend continuations, reversals, and key market turning points driven by smart money movements. The addition of the OI Heatmap feature enables traders to quickly visualize open interest trends across multiple timeframes, providing valuable context for institutional positioning over different market cycles.
TeddyOverview
"Teddy" is an indicator that overlays up to five customizable Volume Profiles on the chart, each displaying Point of Control (POC), Value Area High (VAH), and Value Area Low (VAL). Designed for traders, it anchors profiles to user-defined time ranges, helping align traders with the ever changing auction so they are on the right side of trends, avoid choppy price action, and stay clear of overbought/oversold conditions.
Originality and Usefulness
Unlike standard Volume Profile tools, "Teddy" offers five independent profiles with flexible anchored or fixed time ranges, customizable labels, and distinct colors. This multi-profile approach reveals key price levels across different periods, enabling traders to navigate trends and avoid low-opportunity zones effectively, ideal for equities, futures, or indices.
What It Does
Plots up to five Volume Profiles, each with POC, VAH, and VAL lines.
Labels levels with customizable prefixes and price displays.
Supports anchored (start-to-present) or fixed (start-to-stop) time ranges, adjustable via inputs or chart dragging.
How It Works
Data Sources: Uses lower timeframe data (e.g., 1-minute on a 5-minute chart) to build volume distributions.
Calculations:
POC: Identifies the price with the highest traded volume in the selected range.
VAH/VAL: Defines the value area (default: 70% of volume(recommended)) around POC.
Time Ranges: Each profile starts at a user-set time, extending to the present or a stop time if fixed.
Visualization: Draws lines and labels for POC, VAH, and VAL, with customizable colors, offsets, and leftward extensions.
How It Helps Traders
"Teddy" aligns traders with the auction to help avoids pitfalls:
Staying with the Trend: Price above POC Indicates buyers are in control of the profile being studied which allows the auction to move towards VAH next. Price below POC Indicates sellers are in control of the profile being studied which allows the auction to move towards VAL next. guiding trend-following entries. Breakouts above VAH can signal an expansion opportunity for price and breakdowns below VAL can signal an expansion opportunity for price.
Avoiding Choppy Conditions: POC acts as a price anchor(magnet almost) that draws price towards it due to the high volume around this pivot— Price oscillating around POC often indicates consolidation(almost a battle between buyers and sellers); Its wise to let the battle finish to understand the true direction. Teddy also helps traders identify consolidation between ranges as buyers and sellers fight for acceptance above below in inside of one or multiple ranges. This type of structure between ranges often brings chop with it as well.
Steering Clear of Overbought/Oversold: Extreme price moves far from POC or VAH/VAL, especially in recent profiles, suggest price at premium or price at discount. This can help traders avoid chasing an extended move to the upside or the downside.
Multiple profiles provide temporal context, ensuring trades align with multiple auctions to define price at a value, at a discount or at a premium and not just fleeting noise.
How to Use It
Apply to any chart (e.g., ES 1H for futures).
Customize via inputs:
"Profile Settings": Enable/disable, set start/stop times, toggle fixed range.
"Profile Appearance": Adjust horizontal offset for labels.
"Profile Colors": Set POC, VAH, VAL colors (e.g., yellow, blue).
"Profile POC & Value Area": Adjust value area percentage (default: 70%), toggle POC/VAH/VAL display, extend lines left.
"Profile Label Customization": Set label prefixes, show prices, and text colors.
Underlying Concepts
Volume Profile: POC and VAH/VAL highlight high-volume acceptance zones, anchoring trend analysis.
Temporal Analysis: Multiple profiles reveal evolving market structure over user-defined periods.
Limitations
May require a Premium Trading view plan due to data being pulled on lower time frames such as the 1 minute. Check to ensure your plan meets these requirements.
Profiles looking back multiple months (e.g., 9 or 12 months) on lower timeframes (e.g., 1-minute) may cause memory errors or fail to load due to data limits.
Hourly or higher timeframes are best for accurate data on extended lookbacks, especially in futures markets.
Accuracy depends on lower timeframe data availability.
Levels are contextual, not guaranteed signals.
New Momentum H/LNew Momentum H/L shows when momentum, defined as the rate of price change over time, exceeds the highest or lowest values observed over a user-defined period. These events shows points where momentum reaches new extremes relative to that period, and the indicator plots a column to mark each occurrence.
Increase in momentum could indicate the start of a trend phase from a low volatile or balanced state. However in developed trends, extreme momentum could also mark potential climaxes which can lead to trend termination. This reflects the dual nature of the component.
This indicator is based on the MACD calculated as the difference between a 3-period and a 10-period simple moving average. New highs are indicated when this value exceeds all previous values within the lookback window; new lows when it drops below all previous values. The default lookback period is set to 40 bars, which corresponds with two months on a daily chart.
The indicator also computes a z-score of the MACD line over the past 100 bars. This standardization helps compare momentum across different periods and normalizes the values of current moves relative to recent history.
In practice, use the indicator to confirm presence of momentum at the start of a move from a balanced state (often following a volatility expansion), track how momentum develops inside of a trend structure and locate potential climactic events.
Momentum should in preference be interpreted from price movement. However, to measure and standardize provides structure and helps build more consistent models. This should be used in context of price structure and broader market conditions; as all other tools.
TJR Liquidity mark-out indicatorIndicator Description:
This custom Pine Script indicator is designed to mark highs and lows based on a simple candle pattern recognition system, ideal for traders using TJR's Strategy or any strategy focused on liquidity.
The indicator marks out key levels where the price has not yet taken out liquidity. Specifically, it looks for price patterns where there is:
A bullish candle followed by a bearish candle (marking a potential high).
A bearish candle followed by a bullish candle (marking a potential low).
Once these highs and lows are identified, lines are drawn extending to the right until price sweeps the level — that is, when the price breaks above a high or below a low, the line is deleted. This makes the indicator highly useful for liquidity-based strategies where the goal is to spot unfilled liquidity zones (i.e., levels where price has not yet reached).
The indicator is especially beneficial for traders who:
Use TJR's Strategy, which typically involves identifying market structure shifts and liquidity zones.
Focus on liquidity pools and want to visualize areas where the market could potentially "sweep" or revisit to grab liquidity before continuing its movement.
By showing these areas where the liquidity hasn't been taken out yet, this indicator allows traders to better time their entries and exits, helping them align with areas of unfilled liquidity in the market. It’s a great addition for those looking to trade near key liquidity zones or manage risk based on market structure shifts.
Key Features:
Marks Liquidity Zones: Detects potential liquidity areas based on candle patterns.
Dynamic Lines: Lines extend to the right and disappear once price sweeps them.
Perfect for TJR's Strategy: Aligns with liquidity-focused strategies.
Customizable: Choose time periods, colors, and line length for personalized settings.
Real-time Updates: Continuously updates as new candles form, ensuring you have the latest liquidity data.
Asian & London Session Highs/LowsAsian & London Session Highs/Lows with Extendable Lines
This TradingView script automatically marks the highs and lows of the Asian and London trading sessions for the most recent day, allowing traders to identify key levels during these active periods. The lines representing the high and low of each session are drawn at the exact price point where the high/low occurred, and they extend to the right for a customizable number of bars, helping to visualize how the price reacts to these key levels after the session ends.
Key Features:
Session High/Low Tracking: Automatically tracks the highest and lowest points for the Asian and London sessions.
Extendable Lines: Lines start at the exact bar where the high/low occurred and can be extended to the right for a specified number of bars.
Timezone Adjustment: Allows you to input a timezone offset to adjust session times based on your local time or desired market time zone.
Customizable Colors & Line Thickness: Adjust the color and thickness of the session high and low lines to suit your visual preferences.
Clear & Precise Levels: Helps identify important support and resistance levels, making it easier to spot market reactions around session highs and lows.
This indicator is perfect for day traders and those looking to trade during specific market hours, offering clear visual markers of session boundaries and critical price levels.
LDO Virgin Levels from Candle Patterns (Multi-Timeframe)User Guide: LDO Virgin Levels from Candle Patterns (Multi-Timeframe)
Overview
The "LDO Virgin Levels from Candle Patterns (Multi-Timeframe)" script is a TradingView indicator that identifies and plots "virgin levels" across multiple timeframes (15-minute, 4-hour, daily, weekly, and monthly). Virgin levels are price levels drawn at key reversal points based on candlestick patterns—specifically, the high or low of a candle preceding a bullish-to-bearish or bearish-to-bullish transition. These levels remain active ("virgin") until the price crosses them, at which point they are removed, and an alert can be triggered.
Key Features
Multi-Timeframe Support: Plots virgin levels on 15-minute, 4-hour, daily, weekly, and monthly timeframes.
Customizable Display: Enable/disable specific timeframes and customize line colors and width.
Alerts: Triggers alerts when the price crosses a virgin level on any enabled timeframe.
Version Tracking: Displays the script version on the chart for easy reference (current version: 1.1.0).
How It Works
Level Detection:
On each timeframe, the script detects candlestick pattern reversals:
Bullish-to-bearish: A bullish candle (close > open) followed by a bearish candle (close < open). A level is drawn at the high of the previous (bullish) candle.
Bearish-to-bullish: A bearish candle followed by a bullish candle. A level is drawn at the low of the previous (bearish) candle.
Levels are drawn as horizontal lines extending to the right, with a label showing the price.
Virgin Status:
A level remains "virgin" until the price closes across it on a new bar for that timeframe (e.g., a new 15-minute bar for 15m levels).
Once crossed, the level is removed from the chart.
Alerting:
When a virgin level is crossed, an alert is triggered for the corresponding timeframe (if enabled).
Setup Instructions
Add the Script to TradingView:
Open TradingView and go to the Pine Editor (bottom panel).
Copy and paste the script code into the editor.
Click "Add to Chart" to apply it to your active chart.
Configure Settings:
Timeframe Selection:
Toggle which timeframes to display levels for (default: all enabled):
Show Daily Levels
Show 4H Levels
Show 15M Levels
Show Weekly Levels
Show Monthly Levels
Disabling a timeframe clears its levels from the chart.
Line Settings:
Adjust the line width (default: 1).
Customize colors for each timeframe (default colors):
Daily: White
4H: Yellow
15M: Green
Weekly: Blue
Monthly: Red
Max Lines: Set the maximum number of lines to draw (default: 500, TradingView’s limit).
Verify Version:
The script version (e.g., "Version: 1.1.0") is displayed at the top of the chart for reference.
Using the Alerting Feature
The script includes the ability to set alerts when virgin levels are crossed, with separate alerts for each timeframe. Here’s how to set them up:
Enable Desired Timeframes:
Ensure the timeframe(s) you want alerts for are enabled in the settings (e.g., "Show 15M Levels").
Create an Alert:
Right-click on the chart and select "Create Alert" (or use the bell icon in TradingView).
In the alert dialog:
Condition: Select the script ("LDO Virgin Levels from Candle Patterns (Multi-Timeframe)").
Condition Dropdown: Choose the specific alert condition for the timeframe you want to monitor:
"15m Virgin Line Crossed"
"4h Virgin Line Crossed"
"Daily Virgin Line Crossed"
"Weekly Virgin Line Crossed"
"Monthly Virgin Line Crossed"
Message: The default message (e.g., "A virgin line on the 15m timeframe has been crossed.") will be sent, but you can customize it if needed.
Notifications: Choose your preferred notification method (e.g., email, SMS, popup, webhook).
Frequency: Set to "Once Per Bar Close" to avoid multiple triggers within the same bar.
Click "Create" to activate the alert.
Repeat for Other Timeframes:
You can create separate alerts for each timeframe by repeating the process and selecting the appropriate condition.
Behavior:
Alerts trigger when the price closes across a virgin level on a new bar for that timeframe (e.g., a new 15-minute bar for 15m levels).
If multiple levels are crossed on the same bar, only one alert per timeframe will fire.
Example Use Case
Scenario: You’re trading SUIUSDT on a 15-minute chart and want alerts for 15-minute and 4-hour virgin level crossings.
Setup:
Enable "Show 15M Levels" and "Show 4H Levels" in the script settings.
Create two alerts:
One with the condition "15m Virgin Line Crossed".
Another with the condition "4h Virgin Line Crossed".
Configure notifications (e.g., email or popup).
Result: When the price crosses a 15m virgin level (e.g., at 3.3901 USD), you’ll receive an alert. Similarly, a 4h level crossing will trigger its own alert.
Notes
Chart Timeframe: The script works on any chart timeframe because it uses request.security to fetch data for higher timeframes (e.g., 15m levels will work even on a 1m chart).
Line Limit: The script caps at 500 lines total (TradingView’s limit). Older levels may be overwritten if this limit is reached.
Version Updates: Check the version number on the chart and the changelog in the script comments for updates.
Troubleshooting
No Levels Visible: Ensure the desired timeframes are enabled and that price action has triggered reversal patterns.
Alerts Not Firing: Verify that alerts are set to "Once Per Bar Close" and that the timeframe is enabled in the script settings.
Too Many Lines: Adjust the "Max number of lines to draw" setting if levels are being overwritten.
This script provides a powerful tool for traders to identify key reversal levels across multiple timeframes, with the added benefit of customizable alerts to stay informed of significant price movements.
Candle SequenceLooking to easily identify moments of strong market conviction? "Racha Velas" (or your chosen English name like "Consecutive Candles Streak") allows you to visualize clearly and directly sequences of consecutive bullish and bearish candles.
**Key Features:**
* **Real-time Counting:** Displays the number of consecutive candles directly on the chart.
* **Visual Customization:** Adjust the text size and color for optimal visualization.
* **Vertical Offset:** Control the position of the counter to avoid obstructions.
* **Maximum Streaks Table (Optional):** Visualize the largest bullish and bearish streaks found in the chart's history, useful for understanding volatility and price behavior.
* **Easy to Use:** Simply add the indicator to your chart and start analyzing.
This indicator is a valuable tool for traders looking to confirm trends, identify potential exhaustion points, or simply understand price dynamics at a glance. Give it a try and discover the market's streaks!
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¿Buscas identificar momentos de fuerte convicción del mercado? "Racha Velas" te permite visualizar de forma clara y directa las secuencias de velas consecutivas alcistas y bajistas.
**Características principales:**
* **Conteo en Tiempo Real:** Muestra el número de velas consecutivas directamente en el gráfico.
* **Personalización Visual:** Ajusta el tamaño y color del texto para una visualización óptima.
* **Offset Vertical:** Controla la posición del contador para evitar obstrucciones.
* **Tabla de Rachas Máximas (Opcional):** Visualiza las mayores rachas alcistas y bajistas encontradas en el historial del gráfico, útil para entender la volatilidad y el comportamiento del precio.
* **Fácil de Usar:** Simplemente añade el indicador a tu gráfico y comienza a analizar.
Este indicador es una herramienta valiosa para traders que buscan confirmar tendencias, identificar posibles agotamientos o simplemente entender la dinámica del precio en un vistazo. ¡Pruébalo y descubre las rachas del mercado!
Entropy [ScorsoneEnterprises]This indicator calculates the entropy of price log returns over a user-defined lookback period, providing insights into market complexity and unpredictability. Entropy measures the randomness or disorder in price movements, helping traders identify periods of high or low market uncertainty.
How It Works
The indicator computes the entropy of log returns (log(close/close )) using a histogram-based approach with customizable bins. Log returns are stored in an array of size N (lookback period), and entropy is calculated by:
Binning the returns into bins intervals based on their range.
Computing the probability distribution across bins.
Calculating entropy as -Σ(p * log(p)), where p is the probability of each bin.
A reference Simple Moving Average (SMA) of the entropy, with a separate lookback period (SMA_N), is plotted to highlight trends in market complexity. The entropy plot uses a gradient color scheme (red for lower entropy, teal for higher), while the SMA color shifts based on whether entropy is above (teal) or below (red) the SMA.
Key Features
Inputs:
Lookback Period (default: 50): Number of bars for calculating log returns.
Reference SMA Lookback Period (default: 100): Period for the entropy SMA.
Number of Bins (default: 20): Number of histogram bins for entropy calculation.
Plots:
Entropy: Gradient-colored line reflecting market randomness.
Reference SMA: Trend line to compare entropy against its average.
Interpretation
High Entropy: Indicates chaotic, unpredictable price movements, often during volatile or trendless markets.
Low Entropy: Suggests more predictable, ordered price behavior, often in trending or stable markets.
Compare entropy to its SMA to gauge whether current market complexity is above or below its recent average.
Usage
Use this indicator to assess market regimes. High entropy may signal choppy, range-bound conditions, while low entropy could indicate trending opportunities. Combine with price action or other indicators for confirmation.
Examples
We see on this PEPPERSTONE:COCOA chart that when entropy is low it signals a strong trend, either up or down. High entropy signals indecision and choppiness in the market. We can determine this by noticing when the value is above or below its recent average.
Entropy is used in high frequency trading often. It is a nice tool for lower time frames to determine how predictable and strong a trend is.
Inputs
Users can enter the lookback value for entropy, bin count, and the look back for the entropy moving average.
No tool is perfect, the Entropy value is also not perfect and should not be followed blindly. It is good to use any tool along with discretion and price action.
Long-Term VWAP Mean Reversion SDCACore Idea:
This indicator is designed to support Strategic Dollar Cost Averaging (SDCA) for Bitcoin using a cumulative VWAP-based mean reversion model. It helps long-term investors identify high-conviction buy zones and overbought conditions using statistical deviation from the cumulative VWAP. This indicator evaluates how much price is stretched from the true market average price, weighted by cumulative volume over time.
Core Concepts and Formulas:
Cumulative VWAP (Volume Weighted Average Price):
VWAP cumulative = ∑(Price×Volume) / ∑Volume
A long-term anchor that reflects the average dollar cost of all market participants across all candles. This version does not reset daily, unlike intraday VWAP.
VWAP Deviation % :
Deviation% = Price - VWAP cumulative / VWAP cumulative x 100
Shows how far current price has diverged from the long-term fair value.
Z-Score of VWAP Deviation:
Z= (Price−VWAP)−μ / σ (lookback period: default 200)
SDCA Multiplier Mapping:
*Keep in mind in my Z-Score system, -2 represents the overbought level (white horizontal line) and +2 represents oversold (cyan horizontal line) conditions. So the scores on the Y axis and Z-score in the table are reversed.
| Z-Score Range | SDCA Multiplier |
---------------------------------------------
| ≤ -2 | 0.25×
| -1 to +1 | 1.0×
| > +2 | 2.0×
The pink line plots this multiplier. It’s meant to control buy weight at each time step.
How to Use This for SDCA:
-Buy normally when the multiplier is 1.0× (Z-score between -1 and +1)
-Accelerate buying when Z-score is deeply negative (price far below VWAP)
-Slow or pause buying when Z-score is high (price far above VWAP)
-Use the stats panel to track current Z-score, VWAP level, deviation %, and multiplier
-Watch the red/blue backgrounds as visual confirmation of oversold/overbought zones
Inputs:
Z-Score Lookback Length:
Default: 200 but can be adjusted.
Visuals:
Z-Score Line (cyan): shows current standardized deviation from VWAP
Multiplier Line (bright pink): your SDCA intensity signal
Background Zones: cyan = oversold, white = overbought
Horizontal Lines: +2 and -2 standard deviation thresholds
Stats Panel (bottom right): live values for Z-score, multiplier, price, VWAP, and the deviation formula
Suited For:
-Long-term Bitcoin investors
-SDCA Systems
-Mean reversion systems
-Macro-level buy/sell planning
DXY-XAUUSD Correlation with ThresholdsIndicator Description: "DXY-XAUUSD Correlation with Thresholds"
This indicator tracks the dynamic correlation between the US Dollar Index (DXY) and gold prices (XAUUSD) over a user-defined period, expressed as a percentage. It calculates the rolling correlation coefficient between the closing prices of these two assets, scaled to ±100%, and visualizes it as a histogram.
Key Features:
Adjustable correlation period (default: 30 bars) and configurable positive/negative thresholds (default: ±70%).
Color-coded histogram: Intense green/red highlights correlations exceeding thresholds, signaling strong positive/negative relationships.
Horizontal dotted lines mark threshold levels, aiding in identifying overextended "overbought" or "oversold" correlation conditions.
An info table displays the current correlation value and active thresholds for quick reference.
Designed for traders analyzing the inverse relationship between the dollar and gold, this tool helps spot periods of extreme correlation divergence or convergence. The visual alerts and customizable parameters make it adaptable to various trading strategies and timeframes.
Note: The indicator is plotted in a separate pane (non-overlay) for clarity.
Smarter Money Concepts - MTF IFVGs [PhenLabs]📊 Smarter Money Concepts - MTF IFVG
Version: PineScript™ v6
📌 Description
This multi-timeframe indicator identifies Inverse Fair Value Gaps (IFVGs) and their inversions across simultaneous chart intervals, helping traders spot liquidity voids and potential reversal zones. By analyzing price action through the lens of institutional order flow patterns, it solves the problem of manual gap tracking across timeframes while incorporating volatility-adjusted parameters and psychological level analysis for higher-probability setups.
🚀 Points of Innovation
• Multi-Timeframe Engine - Simultaneous analysis of 3 higher timeframes
• Adaptive Parameters - Auto-adjusts to market volatility conditions
• Quality Scoring System - Ranks gaps using RVI strength and size metrics
• Inversion Tracking - Monitors failed gaps for counter-trend signals
• Render Optimization - Prevents chart clutter with smart gap management
🔧 Core Components
FVG Detection Logic: Identifies gaps using customizable price source (Close/Wick)
Inversion Tracker: Manages failed gaps and generates counter signals
Multi-Timeframe Engine: Processes 3 independent higher timeframe analyses
Dashboard System: Real-time display of active gaps across all timeframes
🔥 Key Features
• Volatility-adjusted gap size filters (ATR-based)
• Customizable timeframe confluence analysis
• Color-coded quality scoring
• Non-repainting inversion signals
• Mobile-optimized visual rendering
🎨 Visualization
• Colored Boxes: Translucent zones show active gaps (green/bullish, red/bearish)
• Midline Plot: Dashed gray line marks gap midpoint for price targets
• Inversion Markers: Intense colors show failed gaps (dark red/bullish failure, bright green/bearish failure)
• HTF Differentiation: Higher timeframe gaps shown in blue/teal hues
📖 Usage Guidelines
Multi-Timeframe Settings
• Higher Timeframe 1
Default: 30 | Range: Any > Chart TF | Controls primary confluence timeframe
• Show All Timeframes
Default: True | Toggles multi-TF gap displays
Gap Settings
• Source
Default: Close | Options: | Determines gap measurement method
• RVI Period
Default: 14 | Range: 1-50 | Sets momentum confirmation sensitivity
• RVI Value
Default 0.1 | 0 to see all IFVGs | Increase min RVI to see the most powerful IFVGs
✅ Best Use Cases
• Identifying confluence across timeframes
• Spotting institutional order blocks
• High-probability reversal trading
• Trend continuation confirmation
• Volatility breakout setups
⚠️ Limitations
• Repaints historical gap zones
• Requires understanding of FVG concepts
• Higher timeframe data latency
• Quality scores rely on RVI/ATR settings
💡 What Makes This Unique
First FVG indicator with true multi-timeframe processing
Adaptive parameters that auto-adjust to volatility
Quantifiable quality scoring system
Professional-grade dashboard with HTF tracking
🔬 How It Works
Gap Detection: Identifies FVGs using price relationships and RVI confirmation
Inversion Tracking: Monitors price breaches to flag failed gaps
Quality Assessment: Scores gaps based on size, momentum, and location
Adaptive Filtering: Adjusts parameters using ATR-based volatility analysis
Multi-TF Synthesis: Correlates gaps across user-selected timeframes
Visual Rendering: Displays only relevant, active gaps to prevent clutter
💡 Note:
Start with default settings and gradually adjust parameters after observing market interactions. Focus on gaps with quality scores above 7 that align with higher timeframe trends. Combine with price action at psychological levels for highest-probability setups. Remember that higher timeframe gaps generally carry more significance than current chart gaps.
MTF PO (3TF)Title: SmartMA Multi-Timeframe Signal Strategy
Description (English):
This indicator provides buy/sell signals based on a multi-timeframe adaptive moving average. It allows traders to align short-term entries with higher time-frame trends. The script integrates a trend-following logic that reacts to price crossovers and adaptive MA slope, helping traders reduce noise and improve entry precision.
概要(日本語)
このインジケーターは、複数時間足の適応型移動平均線(SmartMA)を用いて売買シグナルを生成します。下位足でのエントリーが、上位足のトレンドと一致するよう設計されており、ノイズの除去とトレード精度の向上に貢献します。価格のクロスとMAの傾きを用いたトレンドフォロー型ロジックを搭載しています。
特徴
上位時間足の移動平均(SmartMA)と価格のクロスを検出
傾きフィルターによるトレンド整合性チェック
上位足に合わせて下位足のシグナルを制限
チャート上にシンプルなBuy/Sellラベルを表示
EMA, SMA, RMAなどのカスタム選択が可能
使用方法
チャートにインジケーターを追加し、上位足(例:1時間)と現在の時間足(例:5分)を設定
トレンド方向に沿ったタイミングでエントリーを検討
複数フィルターを用いることで、レンジ相場での誤認識を回避可能
注意事項
本インジケーターは補助的な分析ツールです。過去のパフォーマンスが将来を保証するものではありません。
スクリプトは再描画しない設計ですが、時間足の切り替え等で見た目が変わる可能性があります。
戦略構築には他のリスク管理指標との併用を推奨します。