Pesquisar nos scripts por "Cycle"
RSI Trend Cycle [JMX]RSI Trend cycle applies fast stochastics and a cyclic component to smooth out RSI movements and make reading of RSI trends dramatically easier.
Works on any timeframe.
Usage:
- LONG on cross from 0 upwards
- SHORT on cross from 100 downwards
Works best if:
traded in the prevailing direction of a market. If the market trend is bullish (like SPY) then you LONG from 0 and step aside on cross down from 100.
Used at an interval lower than the one you want to trade (i.e., 1h for intra-day trends, 1d for weekly trends)
Paired with an exit signal of your choice (i.e., trendline)
The Blueprint v.1The Blueprint v.1 is a comprehensive ICT-style session overlay tool designed for precision-based intraday traders. This indicator automatically highlights key institutional trading sessions with dynamic boxes and labels, while tracking the midnight open with customizable horizontal and vertical lines.
🔹 Features:
Auto-detection and marking of major FX sessions: Asia, London, New York, London Close, and Afternoon
Dynamic Midnight Open horizontal line that extends across the full trading day (until 5PM NY on Fridays)
Vertical line to mark Midnight Open candle
Customizable colors, widths, and styles for all midnight lines and session boxes
Smart alignment: session boxes begin at the center of the opening candle and dynamically expand
Supports time zone offset input for traders outside NY time
🔧 Perfect for ICT concepts like Killzones, Judas Swings, and Midnight Open anchors.
Ichimoku BoxIntroducing Ichimoku Box Indicator:
Key Features:
Customizable Box Periods: Adjustable box periods with default settings of 9, 26, and 52.
Shifted Span A and Span B Points: Easily adjustable shifts and colors.
Additional Box Option: Capability to add an extra box for more detailed analysis.
High and Low Markers: Identifies the highest and lowest candle within each box with distinct markers.
Candle Countdown Timer: Displays the remaining candles before a box loses its high or low.
Drag-and-Drop Functionality: Move boxes to any position on the chart with a vertical line.
Automatic Box Drawing: When the indicator is first applied, a vertical line appears on the mouse cursor, and clicking on any point automatically draws the boxes.
How It Works:
The indicator allows users to visualize Ichimoku periods as boxes, highlighting key price levels and shifts in market structure. It simplifies the analysis process by providing visual cues and customizable settings for enhanced flexibility.
Kynjal Golden LevelsKynjal Golden Levels is a dynamic grid indicator designed for traders who demand a continuously updated and visually clear set of key price levels. Unlike static support/resistance lines, this indicator recalculates and repositions its levels on every new bar, ensuring that the grid always stays near the current price—whether the markets are open or closed.
Key Features:
• Dynamic Level Calculation:
The indicator computes a base level derived from the current bar’s open price and calculates additional levels using a pip-based interval. This ensures that the entire grid adjusts in real time with price movements.
• Customizable Grid:
Users can selectively disable display of major, half, and quarter levels via simple toggle inputs. This flexibility allows you to tailor the grid to your specific trading strategy.
• Persistent Horizontal Lines:
Utilizing TradingView’s drawing functions, the indicator creates extended horizontal lines that continuously span the chart, providing constant visual reference for support and resistance.
• All Market Conditions:
Whether during live trading sessions or when the market is closed, Kynjal Golden Levels remains visible, offering a robust tool for end-of-day analysis or weekend planning.
Round Levels + BoxesRound Levels Indicator
The Round Levels indicator automatically detects and marks round price levels ending in .000 on the chart. These levels are often important support and resistance zones where significant price reaction occurs. Main features
Automatic detection of round levels (.000)
Display horizontal lines on levels
Add price labels for each level
Dynamic update of levels when price moves
How to use
Add the indicator to the chart
The indicator will automatically display the 20 nearest round levels (10 above and 10 below the current price)
When the price moves significantly, the levels are automatically recalculated
Trading ideas
Use as support and resistance levels
Track price reaction at round levels
Combine with other indicators to confirm signals
Use to identify potential trend reversal zones
Notes
The indicator only marks levels ending in .000
Lines are automatically extended to the right for better visibility
The gray color of the lines is chosen for minimal impact on the perception of the chart
Version
Developed for TradingView Pine Script v6
Works on all timeframes
Compatible with all trading tools
Settings
The indicator has a simple interface and does not require additional settings. If necessary, you can change in the code:
Number of displayed levels
Color and style of lines
Display format of price labels
Warning
This indicator is an auxiliary tool for technical analysis. It is recommended to use it in combination with other analysis methods and risk management tools.
Custom Session Tracker (KN)**Custom Session Tracker (KN)**
Visually highlight any intraday session’s high, low, and midpoint on your chart with full styling control.
**Description**
Custom Session Tracker (KN) lets you define any trading session (e.g. 09:30–16:00 NY time) and automatically draws:
* A translucent box spanning the session’s High and Low
* A horizontal line marking the session midpoint
All elements update in real time and persist after session close.
**Features**
* **Session Range Box**: Plots from session open through close
* **Mid-Price Line**: Marks the exact midpoint of High/Low
* **Timezone Input**: Aligns session to any GMT offset
* **Custom Colors**: Fill, border, and mid-line colors
* **Line & Border Styles**: Choose solid or dashed
**Inputs**
* **Timezone** – GMT offset for your market
* **Session** – Hours in `HHMM-HHMM` format
* **Fill Color** – Box interior transparency
* **Border Color** – Box outline
* **Box Border Style** – Solid or dashed
* **Midline Color** – Mid-price line color
* **Mid Price Line Style** – Solid or dashed
**How to Use**
1. Add the script to your chart.
2. Set your session hours and timezone.
3. Customize colors and styles.
4. Watch each session’s high, low, and midpoint appear automatically.
Perfect for session-overlap strategies, mean-reversion signals, or simply keeping key levels in view.
cl1! Fadida FinanceA custom entry signal indicator designed for intraday trading on CL1! (Crude Oil Futures).
Built specifically for a defined session time, this tool automatically identifies high-probability trade opportunities using proprietary logic. The script includes visual entry points, dynamic TP/SL levels, and alert capabilities.
Note: The core trading logic is confidential and optimized for a specific trading methodology.
Custom Blue Zones//@version=5
indicator("Custom Blue Zones", overlay=true)
// === Input: Toggle + Levels ===
showLevel1 = input.bool(true, "Show 3440", inline="l1")
level1 = input.float(3440.0, "", inline="l1")
showLevel2 = input.bool(true, "Show 3360", inline="l2")
level2 = input.float(3360.0, "", inline="l2")
showLevel3 = input.bool(true, "Show 3280", inline="l3")
level3 = input.float(3280.0, "", inline="l3")
showLevel4 = input.bool(true, "Show 3240", inline="l4")
level4 = input.float(3240.0, "", inline="l4")
showLevel5 = input.bool(true, "Show 3148", inline="l5")
level5 = input.float(3148.0, "", inline="l5")
showLevel6 = input.bool(true, "Show 3120", inline="l6")
level6 = input.float(3120.0, "", inline="l6")
showLevel7 = input.bool(true, "Show 3040", inline="l7")
level7 = input.float(3040.0, "", inline="l7")
showLevel8 = input.bool(true, "Show 2880", inline="l8")
level8 = input.float(2880.0, "", inline="l8")
// === Draw Lines if Enabled ===
if showLevel1
line.new(x1=bar_index, y1=level1, x2=bar_index + 200, y2=level1, color=color.new(color.blue, 0), width=2, extend=extend.right)
if showLevel2
line.new(x1=bar_index, y1=level2, x2=bar_index + 200, y2=level2, color=color.new(color.blue, 0), width=2, extend=extend.right)
if showLevel3
line.new(x1=bar_index, y1=level3, x2=bar_index + 200, y2=level3, color=color.new(color.blue, 0), width=2, extend=extend.right)
if showLevel4
line.new(x1=bar_index, y1=level4, x2=bar_index + 200, y2=level4, color=color.new(color.blue, 0), width=2, extend=extend.right)
if showLevel5
line.new(x1=bar_index, y1=level5, x2=bar_index + 200, y2=level5, color=color.new(color.blue, 0), width=2, extend=extend.right)
if showLevel6
line.new(x1=bar_index, y1=level6, x2=bar_index + 200, y2=level6, color=color.new(color.blue, 0), width=2, extend=extend.right)
if showLevel7
line.new(x1=bar_index, y1=level7, x2=bar_index + 200, y2=level7, color=color.new(color.blue, 0), width=2, extend=extend.right)
if showLevel8
line.new(x1=bar_index, y1=level8, x2=bar_index + 200, y2=level8, color=color.new(color.blue, 0), width=2, extend=extend.right)
extend=extend.right
ass/dess dr ramy (8 Results)📌 Script Description for "ass/dess dr ramy (8 Results)"
This "ass/dess dr ramy (8 Results)" indicator in TradingView is designed to visualize different mathematical results based on the square root of a customizable number. The script takes an input value, calculates the square root, and then performs various arithmetic operations to generate multiple results. These results are plotted as horizontal lines on the chart to provide visual reference points.
🔍 Features
Custom Number Input
Users can input a custom number (e.g., 4.7 by default), and the script will compute the square root of this number.
Mathematical Calculations
After calculating the square root of the input number, the script performs the following operations:
Adding and subtracting different values (from 0.25 to 2).
Squaring the results of each of these operations.
Plotting Horizontal Lines
The computed results are then plotted as horizontal lines at different levels on the chart.
Different colors are used for each result to make them visually distinguishable:
Blue for ±2 results.
Green for ±1 results.
Red for ±0.25 results.
Orange for ±0.75 results.
Purple for ±1.25 results.
Yellow for ±0.5 results.
Fuchsia for ±1.5 results.
Teal for ±1.75 results.
⚙️ Parameters
Custom Number Input: Users can enter a custom number, which is used in the square root calculation.
The results are dynamically updated based on this custom number.
📝 Example Use Case
This script can be useful for traders who want to observe potential price levels or areas of support and resistance based on mathematical calculations that are derived from a single input.
The multiple levels plotted can act as dynamic reference points, which may assist in making technical analysis decisions.
Simplified Hashrate Oscillator + Z-ScoreIndicator Description for TradingView
Simplified Hashrate Oscillator + Z-Score (SHO + Z)
This indicator analyzes the Bitcoin network's mining hashrate data by comparing short-term and long-term moving averages of the hashrate to create an oscillator that reflects changes in mining activity.
How it works:
The indicator calculates two Simple Moving Averages (SMAs) of the Bitcoin network hashrate — a short-term SMA (default 21 days) and a long-term SMA (default 105 days).
The difference between these two averages is normalized and expressed as a percentage, forming the Hashrate Oscillator line.
Two user-defined threshold lines (default ±7%) are plotted as upper and lower reference levels on the oscillator.
When the oscillator approaches these levels, it indicates potential extremes in mining activity.
Z-Score Explanation:
The Z-Score is a normalized measure that translates the oscillator's current value into a standardized scale roughly ranging from -2 to +2.
It shows how far the current hashrate oscillator value deviates from the user-defined thresholds.
A Z-Score near +2 means the oscillator is close to or above the upper threshold (possible overbought conditions).
A Z-Score near -2 means the oscillator is near or below the lower threshold (possible oversold conditions).
This helps users assess the relative strength or weakness of the mining hashrate movement in a normalized context.
Data Source:
The hashrate data is sourced daily from the Bitcoin network hashrate dataset provided by Quandl (QUANDL:BCHAIN/HRATE), a reliable blockchain data provider.
The indicator requests daily hashrate values and calculates SMAs accordingly.
How to use:
Watch the Hashrate Oscillator line for movements towards or beyond the threshold lines as signals of miner capitulation or recovery phases.
Use the Z-Score displayed in the table to quickly gauge how extreme the current reading is relative to set thresholds.
Adjust the short and long SMA periods and threshold lines to suit your preferred sensitivity and trading timeframe.
Yield Curve Approximation
A yield curve is a graph that plots the yields (interest rates) of bonds with the same credit quality but different maturity dates. It helps investors understand the relationship between short-term and long-term interest rates.
🔹 Types of Yield Curves
1️⃣ Normal Yield Curve – Upward-sloping, indicating economic expansion.
2️⃣ Inverted Yield Curve – Downward-sloping, often a recession warning.
3️⃣ Flat Yield Curve – Suggests economic uncertainty or transition.
The yield curve is widely used to predict economic conditions and interest rate movements. You can learn more about it here. Would you like insights on how traders use the yield curve for investment decisions?
How to Trade Using This?
✅ If the yield curve is steepening (green) → Favor growth stocks, commodities, and high-risk assets.
✅ If the yield curve is flattening or inverting (red) → Consider bonds, defensive sectors, or hedging strategies.
✅ Pair with economic news and interest rate decisions to refine predictions.
ict cbdr# ICT CBDR - Central Bank Dealers Range
This indicator identifies and displays the Central Bank Dealers Range (CBDR), a concept from Inner Circle Trader (ICT) methodology. The CBDR represents the consolidation period between 2:00 PM and 8:00 PM New York time, during which major financial institutions establish their positions.
## Features
- **Customizable Time Range:** Default setting is the standard 2:00 PM - 8:00 PM NY time, but can be adjusted to any session
- **Timezone Selection:** Choose your preferred timezone while maintaining accurate CBDR tracking
- **Visual Range Box:** Clearly displays the high and low range established during the selected session
- **Equator (EQ) Line:** Shows the 50% mid-point of the range for potential support/resistance
- **Projection Lines:** Automatically projects extensions of the range for potential targets
- **Adjustable Multiplier:** Option for 0.5× or 1× range projections
- **Range Type Selection:** Use price wicks or bodies to establish the range
## How to Use This Indicator
The CBDR forms a consolidation zone that often precedes significant price movements. After this range is established, markets tend to move away from this area with directional bias. Trading strategies commonly involve:
1. **Breakout Trading:** Enter when price breaks above/below the CBDR
2. **Range Trading:** Fade moves from the edges of the range back to the EQ line
3. **EQ Line Support/Resistance:** Use the mid-range as a pivot point
4. **Extension Targets:** Utilize the projection lines as potential take-profit levels
## Settings
- **Show CBDR:** Toggle the visibility of the range box
- **Range Type:** Select whether to use candle wicks or bodies for range calculation
- **Timezone:** Choose your preferred timezone (default is America/New York)
- **Session Time:** Adjust the session time in 24-hour format (default is 1400-2000)
- **EQ Line:** Toggle and customize the equator line
- **Projections:** Toggle and adjust the number and appearance of projection lines
- **Use 0.5 Deviation:** When enabled, uses half-sized projections
- **Hide Above __ Minutes:** Controls on which timeframes the indicator is displayed
## Notes
- The traditional CBDR is specifically the 2:00 PM - 8:00 PM NY time range
- This indicator is most effective on lower timeframes (1-15 minute charts)
- Remember to combine this tool with proper risk management and additional confirmation
- Works best on forex and highly liquid markets
## Disclaimer
This indicator is for informational and educational purposes only. Past performance is not indicative of future results. Always conduct your own analysis and use proper risk management.
CUSTOM PRO RANGE V2.0 with AlertsCore Functions
Tracks High/Low Ranges
Daily (DR) or Initial (IDR) ranges within custom time windows (e.g., 9:30 AM–4:00 PM).
Optional extended hours (e.g., overnight).
Visual Tools
Draws boxes/lines for range boundaries, midpoints, and opening prices.
Custom colors/styles for clarity.
Smart Alerts
Notifies when price breaks high/low/mid of the range.
Avoids spam with once-per-bar alerts.
Flexible Timeframes
Works for intraday, daily, or even quarterly ranges with minor tweaks.
🎯 Who It Helps
Day Traders: Spot breakouts/reversals.
Swing Traders: Identify key support/resistance.
Analysts: Study price behavior in specific sessions.
Midpoint of Last 3 CandlesThis indicator highlights the market structure by plotting the midpoints of the current and previous two candles. It draws a horizontal line at the average of the high and low for each of these candles, giving a visual cue of the short-term balance point in price action. These midpoints can act as dynamic support and resistance levels, helping traders assess areas of potential reaction or continuation.
Each line is color-coded for clarity: green represents the current candle, orange marks the previous candle, and yellow indicates the one before that. All lines extend into the future on the chart, allowing you to see how price interacts with these levels as new candles form. This simple yet effective tool can be useful in various strategies, especially those focused on price action, scalping, or intraday analysis.
Stochastic Strategy Table with Trend (1m–4H) + Toggle📊 Multi-Timeframe Stochastic Strategy Table with Trend Detection
This script is designed for intraday and swing traders who want to monitor Stochastic momentum across multiple timeframes in real-time — all directly on the main chart.
🔎 What This Script Does
This script builds a compact, color-coded table that displays:
✅ %K and %D values of the Stochastic oscillator
✅ Cross direction (K > D or K < D)
✅ Overbought/Oversold zone conditions
✅ Short-term trend detection via %K movement
It covers ten timeframes:
1m, 2m,3m,5m, 15m, 30m, 1H, 2H, 3H, 4H
🟩 How to Use It
Trend colors in header:
🟢 Green = %K is rising (uptrend)
🔴 Red = %K is falling (downtrend)
⚪ Gray = flat or neutral
Cross Row:
Green background = Bullish (%K > %D)
Red background = Bearish (%K < %D)
Zone Row:
Green = Oversold (%K and %D below 20)
Red = Overbought (%K and %D above 80)
Gray = Neutral zone
Use Case:
Look for multiple timeframes aligning in trend
Enter trades on short timeframes (e.g. 5m) when HTFs confirm direction
Especially powerful when used with price action on 5m/15m candles
⚙️ Configurable Inputs
%K Length
%K Smoothing
%D Length
Table location
Table size
💡 Why This Script Is Unique
Shows true higher timeframe Stochastic values (not interpolated from current chart)
Works in real-time with consistent updates
Trend direction is visualized without needing extra space
Built for serious intraday traders who rely on clean data and signal alignment
🙏 Credits & Notes
This tool was created to solve a real problem: getting accurate HTF stochastic data in a clean, real-time, decision-friendly format.
I built it for my own use — and now I'm sharing it for luck, and for anyone else looking to trade more clearly and confidently.
Feel free to fork, customize, or build upon it.
Good luck, and trade safe! 🍀💹
[blackcat] L2 Rhythm RiderOVERVIEW
The L2 Rhythm Rider is an advanced technical analysis tool meticulously crafted to assist traders in identifying intricate market rhythms and uncovering lucrative trading opportunities. By integrating sophisticated calculations such as weighted averages, deviations from Simple Moving Averages (SMAs), and bespoke oscillators, this indicator offers profound insights into market dynamics, momentum, and trend reversals. Whether you're a seasoned trader looking to refine your strategies or a novice seeking robust analytical tools, the Rhythm Rider provides a comprehensive suite of features tailored to enhance your decision-making process 📊✅.
FEATURES
Comprehensive Calculation Suite:
Percentage Deviation from SMA: Quantifies the deviation of the current price from the Simple Moving Average, providing a nuanced understanding of price behavior relative to historical trends.
Normalized Price Range: Standardizes price movements within a defined range, offering a clearer perspective on market volatility and stability.
Explore Line and Average: Utilizes Exponential Moving Averages (EMAs) to gauge market momentum, helping traders anticipate potential shifts in direction.
Banker Fund and Average: Evaluates market sentiment across varying timeframes, enabling traders to align their strategies with broader market trends.
RSI-Like Indicator: Delivers a Relative Strength Index-inspired metric that assesses the magnitude of price changes, akin to traditional RSI but with unique enhancements.
Bear Power: Analyzes selling pressure by examining recent highs and lows, providing valuable insights into bearish market conditions.
Enhanced Color Coding:
Overbought Conditions: Values exceeding 70 are emphasized with warm hues like red and orange, signaling potential overbought scenarios where caution is advised 🔥.
Oversold Conditions: Values falling below 60 are accentuated with cool tones such as blue and cyan, indicating oversold situations ripe for potential buying opportunities ❄️.
Adjusted Line Widths:
Improved Visibility: Line widths have been fine-tuned to ensure clear differentiation between various plotted elements, making it easier to interpret complex market data at a glance 👀.
Visual Representation:
Explore Line: Displayed in blue or red, depending on its value, to signify bullish or bearish momentum.
Banker Fund: Illustrated in orange or aqua, reflecting differing levels of market sentiment.
Bear Power: Depicted through purple columns, highlighting areas of significant selling pressure.
Trade Signals:
Buy ('B') and Sell ('S') Labels: Clearly marked on the chart to indicate optimal entry and exit points, facilitating swift and informed trading decisions 🏷️.
Automated Alerts:
Customizable Notifications: Generate alerts based on predefined conditions, ensuring traders never miss out on critical market movements 🔔.
HOW TO USE
Adding the Indicator:
Navigate to your TradingView chart and select the L2 Rhythm Rider from the indicators list.
Interpreting Visual Elements:
Familiarize yourself with the various plotted lines and columns, each representing distinct facets of market momentum and sentiment.
Monitoring Trade Opportunities:
Keep an eye on the chart for buy and sell labels, which signal potential trading opportunities based on the indicator's calculations.
Setting Up Alerts:
Configure alerts to notify you when specific conditions are met, allowing for timely action without constant chart monitoring 📲.
Combining Insights:
Integrate the information derived from all plotted elements to form a holistic view of the market, enhancing the reliability of your trading decisions.
LIMITATIONS
Market Volatility: In highly volatile or ranging markets, the indicator might produce false signals, necessitating additional confirmation from other analytical tools 🌪️.
Supplementary Analysis: For enhanced accuracy, users should complement this indicator with other forms of technical and fundamental analysis.
Asset and Timeframe Sensitivity: The performance of the indicator can fluctuate based on the asset type and chosen timeframe, requiring periodic adjustments and evaluations.
NOTES
Data Sufficiency: Ensure ample historical data is available to facilitate precise calculations and reliable results.
Demo Testing: Thoroughly test the indicator on demo accounts prior to deploying it in live trading environments to understand its nuances and limitations 🔍.
Personalization: Tailor the indicator’s settings and visual preferences to better suit individual trading styles and objectives.
Renko Momentum Wave (RMW)Renko Momentum Wave
The Renko Momentum Wave (RMW) is a custom momentum oscillator specifically designed for Renko-based price action analysis. Unlike traditional oscillators that rely on time-based data, the RMW focuses on the directional consistency of Renko bricks, measuring the strength of trend momentum purely based on price movement.
Midnight (Daily) OpenMidnight (Daily) Open v1.0
Overview
Plots a real‑time horizontal line at the U.S. session “midnight” open (i.e. the daily candle’s open price) on any intraday chart. Optionally displays a label with the exact price, making it easy to see how price reacts to the session open.
Key Benefits
Immediate Context: See at a glance where today’s session began, helping identify support/resistance.
Consistent Reference: Works on any symbol or intraday timeframe.
Customizable Styling: Tweak colors, line thickness, and label appearance to match your chart theme.
Features
Retrieves the daily open via request.security() (Pine v6).
Draws or updates a single horizontal line that extends into the future.
Optional price label on the last bar, with user‑defined text and background colors.
Zero repainting—always shows the true daily open.
4H Candle Body📢 Script Release: 4H Candle Body Overlay (All Timeframes ≤ 4H)
This indicator overlays the body of each 4-hour candle on lower timeframes, helping you visualize higher timeframe market structure while trading intraday.
🧠 Key Features:
✅ Works on any timeframe equal to or below 4H (including 1min, 5min, 15min, 1H)
📦 Displays a live-forming candle box for the current 4H bar
🕯️ Highlights the previous 4H candle body for clear trend structure
⏰ Automatically draws horizontal time markers at key hours (e.g. 08:00, 12:00, etc.)
🔗 Optional vertical guides every 4 hours to support intraday alignment
🌏 Timezone support: defaults to UTC+8 (Asia/Taipei)
⚙️ Technical Enhancements:
Stable even on 1-minute charts (no crashing or broken lines)
Protects against drawing into non-existent future bars
Efficient bar_index management using dynamic bar distance calculation
Includes safety limits (e.g. max forward projection of 500 bars)
💡 Ideal For:
Traders using multi-timeframe analysis
Intraday scalpers wanting to respect higher timeframe structure
Backtesting 4H-based strategies on smaller timeframes
Prior sessions High/Low/MidThis indicator highlights the High, Low, and Midpoint of the most recently completed trading sessions. It helps traders visualize key price levels from the previous session that often act as support, resistance, or reaction zones.
It draws horizontal lines for the high and low of the last completed session, as well as the midpoint, which is calculated as the average of the high and low. These lines extend to the right side of the chart, remaining visible as reference levels throughout the day.
You can independently enable or disable the Tokyo, London, and New York sessions depending on your preferences. Each session has adjustable start and end times, as well as time zone settings, so you can align them accurately with your trading strategy.
This indicator is particularly useful for intraday and swing traders who use session-based levels to define market structure, bias, or areas of interest. Session highs and lows often align with institutional activity and can be key turning points in price action.
Please note that this script is designed to be used only on intraday timeframes such as 1-minute to 4-hour charts. It will not function on daily or higher timeframes.
[blackcat] L2 Ehlers Convolution Indicator V2OVERVIEW The L2 Ehlers Convolution Indicator V2 is an advanced technical analysis tool that applies convolution techniques to identify market trends and potential reversal points. It uses adaptive filtering to analyze price movements across multiple timeframes.
FEATURES
• Advanced convolution algorithm based on Ehlers' methodology
• Multiple timeframe analysis (S2 through S60)
• Dynamic color coding for trend direction:
Red: Downward trend
Green: Upward trend • Adjustable sensitivity through period inputs
HOW TO USE
Input Parameters:
• ShortestPeriod: Minimum period length for calculations
• LongestPeriod: Maximum period length for calculations
Interpretation:
• Red bars indicate downward momentum
• Green bars indicate upward momentum
• Bar height corresponds to the timeframe analyzed
LIMITATIONS
• Requires sufficient historical data for accurate calculations
• May produce false signals during volatile markets
• Performance depends on selected period parameters
NOTES
• The indicator uses arrays to store correlation, slope, and convolution values
• Each bar represents a different timeframe analysis
• Color intensity varies based on the strength of the signal
