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Constance Brown RSI with Composite IndexConstance Brown RSI with Composite Index Overview This indicator combines Constance Brown's RSI interpretation methodology with a Composite Index and ATR Distance to VWAP measurement to provide a comprehensive trading tool. It helps identify trends, momentum shifts, overbought/oversold conditions, and potential reversal points. Key Features Color-coded RSI zones for immediate trend identification Composite Index for momentum analysis and divergence detection ATR Distance to VWAP for identifying extreme price deviations Automatic divergence detection for early reversal warnings Pre-configured alerts for key trading signals How to Use This Indicator Trend Identification The RSI line changes color based on its position: Blue zone (RSI > 50): Bullish trend - look for buying opportunities Purple zone (RSI < 50): Bearish trend - look for selling opportunities Gray zone (RSI 40-60): Neutral/transitional market - prepare for potential breakout The 40-50 area (light blue fill) acts as support during uptrends, while the 50-60 area (light purple fill) acts as resistance during downtrends. // From the code: upTrendZone = rsiValue > 50 and rsiValue <= 90 downTrendZone = rsiValue < 50 and rsiValue >= 10 neutralZone = rsiValue > 40 and rsiValue < 60 rsiColor = neutralZone ? neutralRSI : upTrendZone ? upTrendRSI : downTrendRSI Momentum Analysis The Composite Index (fuchsia line) provides momentum confirmation: Values above 50 indicate positive momentum Values below 40 indicate negative momentum Crossing above/below these thresholds signals potential momentum shifts // From the code: compositeIndexRaw = rsiChange / ta.stdev(rsiValue, rsiLength) compositeIndex = ta.sma(compositeIndexRaw, compositeSmoothing) compositeScaled = compositeIndex * 10 + 50 // Scaled to fit 0-100 range Overbought/Oversold Detection The ATR Distance to VWAP table in the top-right corner shows how far price has moved from VWAP in terms of ATR units: Extreme positive values (orange/red): Potentially overbought Extreme negative values (purple/red): Potentially oversold Near zero (gray): Price near average value // From the code: priceDistance = (close - vwapValue) / ta.atr(atrPeriod) // Color coding based on distance value Divergence Trading The indicator automatically detects divergences between the Composite Index and price: Bullish divergence: Price makes lower low but Composite Index makes higher low Bearish divergence: Price makes higher high but Composite Index makes lower high // From the code: divergenceBullish = ta.lowest(compositeIndex, rsiLength) > ta.lowest(close, rsiLength) divergenceBearish = ta.highest(compositeIndex, rsiLength) < ta.highest(close, rsiLength) Trading Strategies Trend Following 1. Identify the trend using RSI color: Blue = Uptrend, Purple = Downtrend 2. Wait for pullbacks to support/resistance zones: In uptrends: Buy when RSI pulls back to 40-50 zone and bounces In downtrends: Sell when RSI rallies to 50-60 zone and rejects 3. Confirm with Composite Index: Uptrends: Composite Index stays above 50 or quickly returns above it Downtrends: Composite Index stays below 50 or quickly returns below it 4. Manage risk using ATR Distance: Take profits when ATR Distance reaches extreme values Place stops beyond recent swing points Reversal Trading 1. Look for divergences Bullish: Price makes lower low but Composite Index makes higher low Bearish: Price makes higher high but Composite Index makes lower high 2. Confirm with ATR Distance: Extreme readings suggest potential reversals 3. Wait for RSI zone transition: Bullish: RSI crosses above 40 (purple to neutral/blue) Bearish: RSI crosses below 60 (blue to neutral/purple) 4. Enter after confirmation: Use candlestick patterns for precise entry Place stops beyond the divergence point Four pre-configured alerts are available: Momentum High: Composite Index above 50 Momentum Low: Composite Index below 40 Bullish Divergence: Composite Index higher low Bearish Divergence: Composite Index lower high Customization Adjust these parameters to optimize for your trading style: RSI Length: Default 14, lower for more sensitivity, higher for fewer signals Composite Index Smoothing: Default 10, lower for quicker signals, higher for less noise ATR Period: Default 14, affects the ATR Distance to VWAP calculation This indicator works well across various markets and timeframes, though the default settings are optimized for daily charts. Adjust parameters for shorter or longer timeframes as needed. Happy trading!
Indicador Pine Script®
por TheRealHawk
Uptrick: Stellar NexusOverview Uptrick: Stellar Nexus is a multi-layered chart tool designed to help traders visualize market behavior with enhanced clarity and depth. It presents various overlays, signal triggers, and an asset-level behavioral table in one cohesive interface. Its core focus is to illustrate how different market states shift over time. By displaying directional structures, dynamic zones, momentum shifts, and a real-time probability assessment of multiple assets, it aims to deliver a comprehensive perspective for those looking to navigate complex market environments more confidently. Purpose The primary purpose of Stellar Nexus is to unify several market assessment methods into a single framework, sparing users the need to rely on multiple disjointed indicators. It is especially useful for traders who value having layered signals, interactive overlays, and a quick reference to asset-specific metrics within one tool. By consolidating multiple market insights, the script aspires to reduce guesswork, limit information overload, and present clear triggers for potential trade opportunities or risk management decisions. Originality Stellar Nexus stands out because it relies on a proprietary set of logic layers, each carefully designed to detect nuanced shifts in price movement. The script brings forward a streamlined depiction of underlying market changes through color-coded zones, shape markers, and short textual tags. Its architecture also accommodates multiple “modes” of viewing the market—be it through layered cloud structures, trend ribbons, or step-based overlays—so traders can adapt its outputs to match changing conditions. The presence of a specialized probability table and a real-time market state meter (HUD Meter) further underscores its uniqueness, providing at-a-glance scoring for various instruments and a gauge that visually displays ongoing transitions from trending to ranging phases. Inputs Stellar Nexus includes several user-configurable settings, organized into themed groups. Each input subtly modifies how information is derived or rendered on the chart: General Silken Veil (integer input) : Governs how smooth or responsive various underlying signals will appear. Canvas (dropdown) : Chooses the primary visual overlay style among Nebula Trail, Velora, or Stellar Stepfilter. Signals (dropdown) : Selects which built-in signal engine (Fluxor or Flowgen) is responsible for painting buy and sell markers. Nova Tension (integer input) : Influences the internal motion sensitivity used by certain triggers. Astral Ribbon (integer input) : Imparts a broader directional bias layer that can highlight whether the current environment is bullish or bearish. Bands Phase Delay (integer input) : Impacts baseline offsets for certain dynamic band calculations. Band Softener (float input) : Creates a blended baseline, balancing two distinct smoothing techniques. Spread Factor (float input) : Scales how wide or narrow the generated envelope bands become. Layer Offset (float input) : Adjusts spacing between multiple layered boundaries in the band structure. Smooth Mode (dropdown boolean) : Toggles an extra layer of smoothing on or off for the plotted envelopes. Feed Matrix Burst (integer input) : Adjusts how the Flowgen engine interprets momentum buildup. Higher values generally lead to more conservative signals. Delta Curve Sync (integer input) : Alters the sensitivity of directional alignment within the Flowgen system, refining how quickly the script adapts to market slope changes. Lambda Pulse Shift (integer input) : Controls timing offsets within the Flowgen structure, subtly influencing the trigger timing of transitions. Sync Drift Limit (integer input) : Provides a stabilizing effect on the internal motion detection engine, helping reduce erratic behavior during choppy conditions. WMA Open Filter Tunnel (integer input) : Filters signal validity by applying a dynamic range check on opening price structures, reducing false positives in unstable markets. Probability Table Show Predictability Table (boolean) : Enables or disables a table of asset metrics. Show Numeric Values (boolean) : Switches between displaying numeric values and using simple directional markers in the table cells. Stepfilter Sensitivity (dropdown) : Offers a range of speed profiles (Very Fast to Very Slow and TURTLE option) that define how quickly or slowly the step-based overlay reacts to price changes. HUD Meter Show Stellar HUD Meter (boolean) : Turns on or off a specialized gauge for quick insight into trending vs. ranging conditions. Take Profit Signals Show TP Signals (boolean) : Determines whether exit or take-profit markers are displayed after certain conditions have been met. Phase Length (integer input) : Influences the internal baseline used for the exit signal logic. Sync Channel (integer input) : Sets a period within which different data points are compared or synced. Filter (integer input) : Imposes an additional smoothing on exit-related cues. Features Signals (Fluxor and Flowgen) Fluxor Logic: Fluxor focuses on detecting specific price transitions, validating them against an internal directional and momentum layer, and then confirming the move based on the script’s overarching market bias. Visual Representation: When Fluxor is activated, up and down label markers (“▲+” or “▼+”) appear at points the system regards as noteworthy transitions. These do not guarantee trades but are designed to guide users on when buying or selling pressure may have intensified or reversed. How It Helps: Fluxor is streamlined for those who want simpler, clearer triggers that factor in both trend alignment and short-term motion shifts. This option is more for mean reversion traders. Flowgen Logic: Flowgen employs a slightly more sophisticated approach that evaluates multiple “environmental layers,” including structural alignment, directional slope checks, and distinct open-state filters. Visual Representation: When Flowgen senses a valid transition, it prints discrete up and down markers, much like Fluxor, but triggered by different, multi-layer considerations. How It Helps: Flowgen caters to traders who desire more emphasis on layered agreement—where multiple aspects of the market must line up before a signal is shown. This option is more for trend following traders. Overlays (Nebula Trail, Velora, Stellar Stepfilter) Nebula Trail Purpose: This indicator employs dynamic, color-coded bands around price action to illustrate prevailing market bias and track which side—bulls or bears—wields greater influence, aligning with a trend-following approach. Usage: This indicator creates outer and inner “band” regions that can function as potential support or resistance in alignment with market momentum. In bullish phases, the cloud below price acts as a supportive barrier, whereas during bearish conditions, the cloud above price provides a point of resistance. When a bearish signal is detected, traders may enter short positions on a price bounce off this band and then exit when subsequent take-profit cues appear, effectively leveraging the band for both entry and exit strategies. Velora Purpose: Extends the concept of band visualization into layered “tiers,” giving a more fine-grained view of how price transitions from one band to another. Representation: Zones are subdivided into multiple steps, each with distinct shading. As the script’s internal logic detects shifts between bullish or bearish conditions, these layered bands expand or contract to reflect changing momentum. Usage: Velora subdivides zones into multiple steps, each featuring distinct shading. As the script's internal logic detects shifts between bullish or bearish conditions, these layered bands expand or contract, signaling changes in momentum. When price enters the upper band, especially if the HUD meter shows less definitive momentum, it may hint at a non-trending environment; conversely, in a bearish scenario, the lower band can act as potential support. Narrower bands often point to an impending breakout, while wider bands can suggest a possible reversion in price. Velora is well-suited for traders wanting to see more intermediate zones where the market may hesitate or show partial confirmation—ideal for refined entries or exits. Smooth: Choppy: Stellar Stepfilter Purpose: Focuses on a persistent directional line that only updates when the script’s logic deems a genuine shift is taking place. Representation: A single line plots on the chart to represent the “locked” direction. During periods of noise or indecision, this line may remain static, reducing false signals. Optionally, bars can be recolored to reflect bullish or bearish states. Usage: Traders who prefer a minimalistic, stand-back approach often select Stellar Stepfilter for its ability to filter out choppy conditions and highlight clearer momentum strides. When the line remains flat—particularly in the very slow or “turtle” mode—it signals a ranging market, offering valuable insight into periods of reduced volatility. In TURTLE mode, bars are recolored green or orange to reflect locked trend direction more visibly. TURTLE mode offers the most conservative setting within the Stepfilter engine, emphasizing stability and clarity by reacting only to the strongest directional conditions and visually reinforcing its state through bar coloring. Very Fast Very Slow TURTLE Mode Probability Table Description: The Probability Table is displayed on the top-right corner (by default). It automatically fetches data for a handful of assets (in this case, five popular cryptocurrencies), then scores each asset on multiple behavioral metrics. By default, the Probability Table monitors SOL, BTC, ETH, BNB, and XRP from Binance. Metrics Explained: HV: Suggests how the asset’s price is fluctuating relative to a standard reference. ATR/Vol: A ratio that provides insight into volatility compared to trading activity. WBR: Compares candle wicks against their bodies to gauge the frequency of price swings outside an open-close range. Liq Clust: Indicates if there are pockets of stable or unstable liquidity. Momentum: Observes shifts in buying or selling pressure. PRI: Shows a baseline measure of how far price has deviated from a certain average over time. Final Verdict: Based on each metric’s reading, an overall classification emerges: Predictable, Moderate, or Chaotic. How It Helps: Traders can quickly scan this table to see if an asset’s environment is “Predictable” (potentially more structured), “Moderate” (balanced or transitional), or “Chaotic” (unstable and riskier). Each cell can optionally show either numeric approximations or simple “up/down” arrows to reduce clutter. Non Numeric Values Numeric Values Stellar HUD Meter Description: Located at the top center of the chart, this horizontal gauge toggles between “Trending” and “Ranging,” representing how firmly price is locked in directional expansion versus sideways hesitation. Mechanics (General): The gauge increments or decrements over time, smoothing out abrupt shifts. A pointer slides across the meter, indicating whether conditions are leaning more toward persistent momentum or uncertain, choppy movement. How It Helps: This immediate visual feedback helps traders decide if momentum strategies or mean-reversion approaches are more suitable at a given moment, avoiding reliance on guesswork alone. Take Profit Signals Description: After any buy or sell trigger occurs (either through Fluxor or Flowgen), the script can flag up to three potential exit points. Trigger Logic (General): These exits appear when certain internal checks sense that short-term upside or downside pressure may be waning. Representation: Small markers (“X”) appear near the top or bottom of the candle. How It Helps: Rather than passively holding a position, these optional signals remind traders of possible exhaustion points. If they choose to follow them, it can help secure partial or full profits during a trend. Why more than one indicator? Having more than one internal indicator engine allows Stellar Nexus to adapt to different market behaviors and personal trading styles. Sometimes traders require swift, high-frequency triggers (Fluxor). Other times, they prefer more layered agreement before taking a position (Flowgen). Similarly, each overlay—Nebula Trail, Velora, and Stellar Stepfilter—offers a distinct method for visualizing price action. Markets are dynamic, and no single representation is ideal for all conditions. By blending multiple approaches into one script, Stellar Nexus provides flexibility: a user can switch between sets of signals or overlays based on market phase, personal risk preference, or the timeframe being traded. Additional Features Alert System: Built-in alerts for every trigger or state change ensure that traders can receive real-time notifications, even when away from the chart. The alert system includes buy/sell triggers, trend shifts, overlay transitions, take-profit points, and predictability status changes across monitored assets. Selective Visibility: Users can enable or disable various modules—Probability Table, HUD Meter, Take Profit Signals—to keep their chart interface uncluttered. State Persistence: Certain modules “lock in” their reading until a strong reason emerges to change it, which can help minimize false flips in volatile conditions. Tailored Aesthetics: Color choices and label styling are curated to be visually distinct, reducing confusion when multiple signals or overlays occur simultaneously. Conclusion Uptrick: Stellar Nexus is a comprehensive, multi-layer script that merges aesthetic clarity with functional depth. It combines diverse overlays, signal engines, probability analyses, and a heads-up market meter into one cohesive tool. By handling trending vs. ranging states, evaluating asset predictability, and offering selective take-profit cues, it serves as a versatile companion for traders who want organized, visually intuitive guidance. Its originality is found not only in how it disguises internal computations, but in the ease with which users can cycle through different overlays and signals to suit changing market conditions. As always, personal due diligence, market awareness, and risk management remain essential. Stellar Nexus simply provides a refined canvas on which to read and interpret price action more confidently. Disclaimer This indicator is provided solely for informational and educational purposes. It does not constitute investment advice or a recommendation to engage in any trading activities. Trading and investing in financial markets involve significant risk, and past performance is not indicative of future results. Always conduct your own research, utilize proper risk management, and consider consulting a qualified financial professional before making any investment decisions. Neither the creator nor any contributors to this script accept any liability for financial losses or damages arising from its use. Users of this indicator assume full responsibility for their trading activities.
Indicador Pine Script®
por Uptrick
2
EMA 9/21/50 + VWAP + MACD + RSI Pro [v6]Overview: A powerful multi-indicator tool combining Exponential Moving Averages (EMA 9, 21, 50), Volume-Weighted Average Price (VWAP), Moving Average Convergence Divergence (MACD), and Relative Strength Index (RSI) into a single, easy-to-read system. Designed for traders who want a clean, all-in-one dashboard for trend analysis, momentum confirmation, and overbought/oversold conditions. Key Features: 1. Triple EMA System (9, 21, 50) Identifies short-term and medium-term trends. Bullish Signal: EMA 9 > EMA 21 > EMA 50 (Green Highlight) Bearish Signal: EMA 9 < EMA 21 < EMA 50 (Red Highlight) Helps confirm trend direction and potential reversals. 2. VWAP (Volume-Weighted Average Price) Tracks intraday fair value price based on volume. Bullish: Price above VWAP (Green) Bearish: Price below VWAP (Red) 3. MACD (Standard 12, 26, 9 Settings) Shows momentum shifts. Bullish: MACD line > Signal line (Green) Bearish: MACD line < Signal line (Red) Histogram confirms strength of momentum. 4. RSI (14-Period Default) Identifies overbought (>70) and oversold (<30) conditions. Red: Overbought (Potential Reversal) Green: Oversold (Potential Bounce) 5. Signal Dashboard (Top-Right Table) Real-time summary of all indicators in one place. Color-coded for quick interpretation (Green = Bullish, Red = Bearish). How to Use This Indicator? ✅ Trend Confirmation: Trade in the direction of EMA alignment (9 > 21 > 50 for uptrends). Use VWAP as dynamic support/resistance. ✅ Momentum Entries: Look for MACD crossovers while RSI is not extreme. Avoid buying when RSI > 70 or selling when RSI < 30 (unless strong trend). ✅ Mean Reversion: Fade extreme RSI readings (overbought/oversold) when price is at key levels. Who Is This For? ✔ Swing Traders – EMA + MACD combo for trend-following. ✔ Day Traders – VWAP + EMA for intraday bias. ✔ RSI Traders – Clear overbought/oversold signals. Settings Customization: Adjust EMA lengths, RSI periods, and MACD settings as needed. Toggle VWAP visibility on/off. Why Use This Script? 📌 All-in-One: No need for multiple indicators cluttering your chart. 📌 Visual Clarity: Color-coded signals for quick decision-making. 📌 Flexible: Works on any timeframe (1M, 5M, 1H, Daily, etc.). Install now and enhance your trading strategy with a professional-grade multi-indicator system! Not a financial advice. Use at your own discretion and always apply risk management
Indicador Pine Script®
por JOSES2705
18
Stochastic Overlay - Regression Channel (Zeiierman)█ Overview The Stochastic Overlay – Regression Channel (Zeiierman) is a next-generation visualization tool that transforms the traditional Stochastic Oscillator into a dynamic price-based overlay. Instead of leaving momentum trapped in a lower subwindow, this indicator projects the Stochastic oscialltor directly onto price itself — allowing traders to visually interpret momentum, overbought/oversold conditions, and market strength without ever taking their eyes off price action. ⚪ In simple terms: ▸ The Bands = The Stochastic Oscillator — but on price. ▸ The Midline = Stochastic 50 level ▸ Upper Band = Stochastic Overbought Threshold ▸ Lower Band = Stochastic Oversold Threshold When the price moves above the midline → it’s the same as the oscillator moving above 50 When the price breaks above the upper band → it’s the same as Stochastic entering overbought. When the price reaches the lower band →, think of it like Stochastic being oversold. This makes market conditions visually intuitive. You’re literally watching the oscillator live on the price chart. █ How It Works The indicator layers 3 distinct technical elements into one clean view: ⚪ Stochastic Momentum Engine Tracks overbought/oversold conditions and directional strength using: %K Line → Momentum of price %D Line → Smoothing filter of %K Overbought/Oversold Bands → Highlight potential reversal zones ⚪ Volatility Adaptive Bands Dynamic bands plotted above and below price using: ATR * Stochastic Scaling → Creates wider bands during volatile periods & tighter bands in calm conditions Basis → Moving average centerline (EMA, SMA, WMA, HMA, RMA selectable) This means: → In strong trends: Bands expand → In consolidations: Bands contract ⚪ Regression Channel Projects trend direction with different models: Logarithmic → Captures non-linear growth (perfect for crypto or exponential stocks) Linear → Classic regression fit Adaptive → Dynamically adjusts sensitivity Leading → Projects trend further ahead (aggressive mode) Channels include: Midline → Fair value trend Upper/Lower Bounds → Deviation-based support/resistance ⚪ Heatmap - Bull & Bear Power Strength Visual heatmeter showing: % dominance of bulls vs bears (based on close > or < Band Basis) Automatic normalization regardless of timeframe Table display on-chart for quick visual insight Dynamic highlighting when extreme levels are reached ⚪ Trend Candlestick Coloring Bars auto-color based on trend filter: Above Basis → Bullish Color Below Basis → Bearish Color █ How to Use ⚪ Trend Trading → Use Band direction + Regression Channel to identify trend alignment → Longs favored when price holds above the Basis → Shorts favored when price stays below the Basis → Use the Bull & Bear heatmap to asses if the bulls or the bears are in control. ⚪ Mean Reversion → Look for price to interact with Upper or Lower Band extremes → Stochastic reaching OB/OS zones further supports reversals ⚪ Momentum Confirmation → Crossovers between %K and %D can confirm continuation or divergence signals → Especially powerful when happening at band boundaries ⚪ Strength Heatmap → Quickly visualize current buyer vs seller control → Sharp spikes in Bull Power = Aggressive buying → Sharp spikes in Bear Power = Heavy selling pressure █ Why It Useful This is not a typical Stochastic or regression tool. The tool is designed for traders who want to: React dynamically to price volatility Map momentum into volatility context Use adaptive regression channels across trend styles Visualize bull vs bear power in real-time Follow trends with built-in reversal logic █ Settings Stochastic Settings Stochastic Length → Period of calculation. Higher = smoother, Lower = faster signals. %K Smoothing → Smooths the Stochastic line itself. %D Smoothing → Smooths the moving average of %K for slower signals. Stochastic Band Band Length → Length of the Moving Average Basis. Volatility Multiplier → Controls band width via ATR scaling. Band Type → Choose MA type (EMA, SMA, WMA, HMA, RMA). Regression Channel Regression Type → Logarithmic / Linear / Adaptive / Leading. Regression Length → Number of bars for regression calculation. Heatmap Settings Heatmap Length → Number of bars to calculate bull/bear dominance. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Indicador Pine Script®
por Zeiierman
27
Larry Williams POIV A/D [tradeviZion]Larry Williams' POIV A/D - Release Notes v1.0 ================================================= Release Date: 01 April 2025 OVERVIEW -------- The Larry Williams POIV A/D (Price, Open Interest, Volume Accumulation/Distribution) indicator implements Williams' original formula while adding advanced divergence detection capabilities. This powerful tool combines price movement, open interest, and volume data to identify potential trend reversals and continuations. FEATURES -------- - Implements Larry Williams' original POIV A/D formula - Divergence detection system: * Regular divergences for trend reversal signals * Hidden divergences for trend continuation signals - Fast Mode option for earlier pivot detection - Customizable sensitivity for divergence filtering - Dynamic color visualization based on indicator direction - Adjustable smoothing to reduce noise - Automatic fallback to OBV when Open Interest is unavailable FORMULA ------- POIV A/D = CumulativeSum(Open Interest * (Close - Close ) / (True High - True Low)) + OBV Where: - Open Interest: Current period's open interest - Close - Close : Price change from previous period - True High - True Low: True Range - OBV: On Balance Volume DIVERGENCE TYPES --------------- 1. Regular Divergences (Reversal Signals): - Bullish: Price makes lower lows while indicator makes higher lows - Bearish: Price makes higher highs while indicator makes lower highs 2. Hidden Divergences (Continuation Signals): - Bullish: Price makes higher lows while indicator makes lower lows - Bearish: Price makes lower highs while indicator makes higher highs REQUIREMENTS ----------- - Works best with futures and other instruments that provide Open Interest data - Automatically adapts to work with any instrument by using OBV when OI is unavailable USAGE GUIDE ----------- 1. Apply the indicator to any chart 2. Configure settings: - Adjust sensitivity for divergence detection - Enable/disable Fast Mode for earlier signals - Customize visual settings as needed 3. Look for divergence signals: - Regular divergences for potential trend reversals - Hidden divergences for trend continuation opportunities 4. Use the alerts system for automated divergence detection KNOWN LIMITATIONS ---------------- - Requires Open Interest data for full functionality - Fast Mode may generate more signals but with lower reliability ACKNOWLEDGEMENTS --------------- This indicator is based on Larry Williams' work on Open Interest analysis. The implementation includes additional features for divergence detection while maintaining the integrity of the original formula.
Indicador Pine Script®
por TradeVizion
7
Psych Level ScreenerThis Script is intended for Pine Screener and is not designed as a indicator!!! Pine Screener is something TradingView has recently added and is still only a Beta version. Pine Screener itself is currently only available to members that are Premium and above. What it does: This screener will actively look for tickers that are close to Pysch level in your watchlist. Psych level here refers to price levels that are round numbers such as 50,100,1000. Users can specify the offset from a psych level (in %) and scanner will scan for tickers that are within the offset. For example if offset is set at 5% then it will scan for tickers that are within +/-5% of a ticker. (for $100 psych level it will scan for ticker in $95-105 range) Once scan is completed you will be able to see: - Current price of ticker - Closest psych level for that ticker - % and $ move required for it to hit that psych level - Ticker's day range and Average range (with % of average range completed for the day) - Ticker volume and average volume Setting up: www.tradingview.com Above link will help you guide how to setup Pine screener. Use steps below to guide you the setup for this specific screener: 1. Open Pine Screener (open new tab, select screener the "Pine") 2. At the top, click on "Choose Indicator" and select "Psych Level Screener" 3. At the top again, click "Indicator Psych Level Screener" and select settings. 4. Change setting to your needs. Hit Apply when done. a)"% offset from Psych Level" will scan for any stocks in your watchlist which are +/- from the offset you chose for any given psych level. Default is 5. (e.g. If offset is 5%, it will scan for stocks that are between $95-$105 vs $100 psych level, $190-$210 for $200 psych level and so on) b) ATR length is number of previous trading days you want to include in your calculation. Moving Average Type is calculation method. c) Rvol length is number of previous trading days you want to include in your calculation. 5. On top left, click "Price within specified offset of Psych. Level" and select true. Then select "Scan" which is located at the top next to "Indicator Psych Level Screener". This will filter out all the stock that meets the condition. 6. At the end of the column on the right there is a "+" symbol. From there you can add/remove columns. 30min/1hr/4hr/1D Trend are disabled by default so if this is needed please enable them. 7. You can change the order of ticker by ascending and descending order of each column label if needed. Just click on the arrow that comes up when you move the cursor to any of the column items. 8. You can specify advanced filter settings based on the variables in the column. (e.g., set price range of stock to filter out further) To do so, click on the column variable name in interest, located above the screener table (or right below "scan") and select "manual setup". How to read the column: Current Price: Shows current price of the ticker when scan was done. Currently Pine Screener does NOT support pre/post-hours data so no PM and AH price. Psych Level: Psych level the current price is near to. % to Psych Level: Price movement in % necessary to get to the Psych level. $ to Psych Level: Price movement in $ necessary to get to the Psych level. DTR: Daily True Range of the stock. i.e. High - Low of the ticker on the day. ATR: Average True Range of stock in the last x days, where x is a value selected in the setting. (See step 3 in Previous section) DTR vs ATR: Amount of DTR a ticker has done in % with respect to ATR. (e.g., 90% means DTR is 90% of ATR) Vol.: Volume of a ticker for the day. Currently Pine Screener does NOT support pre/post-hours data so no PM and AH volume. Avg. Vol: Average volume of a ticker in the last x days, where x is a value selected in the setting. (See step 3 in Previous section) Rvol: Relative volume in percentage, measured by the ratio of day's volume and average volume. 30min/1hr/4hr/1D Trend: Trend status to see if the chart is Bullish or Bearish on each of the time frame. Bullishness or Bearishness is defined by the price being over or under the 34/50 cloud on each of the time frame. Output of 1 is Bullish, -1 is Bearish. 0 means price is sitting inside the 34/50 cloud. Currently Pine Screener does NOT support pre/post-hours data so 34/50 cloud is based on regular trading hours data ONLY. Some things user should be aware of: - Pine Screener itself is currently only available to TradingView members with Premium Subscription and above. (I can't to anything about this as this is NOT set by me, I have no control) For more info: www.tradingview.com - The Pine Screener itself is a Beta version and this screener can stop working anytime depending on changes made by TradingView themselves. (Again I cannot control this) - Pine Screener can only run on Watchlists for now. (as of 03/31/2025) You will have to prepare your own watchlists. In a Watchlist no more than 1000 tickers may be added. (This is TradingView rules) - Psych level included are currently 50 to 1500 in steps of 50. If you need a specific number please let me know. Will add accordingly. - Unfortunately this screener does not update automatically, so please hit "scan" to get latest screener result. - I cannot add 10min trend to the column as Pine Screener does NOT support 10min timeframe as of now. (03/31/2025) - This code is only meant for Pine Screener. I do NOT recommend using this as an indicator. - Currently Pine Screener does NOT support pre/post-hours data. So data such as Price, Volume and EMA values are based on market hours data ONLY! (If I'm wrong about this please correct me / let me know and will make look into and make changes to the code) Other useful links about Pine Screener: Quick overview of the Screener’s functionality: www.tradingview.com what do you need to know before you start working? : www.tradingview.com These links will go over the setting up with GIFs so is easier to understand. ----------------------------------------------------------------------------------------------------------------- If there are other column variables that you think is worth adding please let me know! Will try add it to the screener! If you have any questions let me know as well, will reply soon as I can! Have a good trading day and hope it helps!
Indicador Pine Script®
por Mereep01
Market Conditions with RSI v6Market Conditions with RSI Indicator This indicator combines price action, volume, and RSI (Relative Strength Index) to identify market conditions and generate trading signals. What It Does The indicator classifies market conditions into four categories: 1.Strong Bullish: When price is rising, volume is up, and the volume-based "open interest" is increasing 2.Weak Bullish: When price is rising, but volume is down, and the volume-based "open interest" is decreasing 3.Weak Bearish: When price is declining, volume is up, and the volume-based "open interest" is increasing 4.Strong Bearish: When price is declining, volume is down, and the volume-based "open interest" is decreasing These market conditions are then combined with RSI readings to generate buy and sell signals. ## How to Use It 1. Add the indicator to your TradingView chart 2. The indicator will display below your price chart (since it's not an overlay) 3. Look for buy signals (green triangles at the bottom) and sell signals (red triangles at the top) 4. Use the color-coded background to quickly identify the current market condition 5. Check the information table in the top-right corner for detailed metrics What It Shows 1. RSI Line: The blue line showing the Relative Strength Index value 2. Background Color: - Green = Strong Bullish - Light Green = Weak Bullish - Orange = Weak Bearish - Red = Strong Bearish 3. Buy Signals (green triangles) appear when: - Strong Bullish condition with RSI below 50 (catching momentum early) - Weak Bearish condition with RSI below 30 (oversold opportunity) 4. Sell Signals (red triangles) appear when: - Strong Bearish condition with RSI above 50 (catching downward momentum) - Weak Bullish condition with RSI above 70 (overbought opportunity) 5. Information Table showing: - Current market condition - RSI value - Price direction (rising/declining) - Volume status (up/down) - Volume-based "open interest" proxy (up/down) Customization Options You can adjust: - RSI Length (default: 14) - RSI Overbought Level (default: 70) - RSI Oversold Level (default: 30) - Volume Moving Average Length (default: 20) - "Open Interest" Moving Average Length (default: 20)
Indicador Pine Script®
por ValerioDiotallevi19
zone trading stratThis only works for DOGEUSD , I made it for the 8cap chart so only use it for that. If you want this for other symbols/charts you need to comment below or msg me. # Price Zone Trading System: Technical Explanation ## Core Concept The Price Zone Tracker is built on the concept that price tends to respect certain key levels or "zones" on the chart. These zones act as support and resistance areas where price may bounce or break through. The system combines zone analysis with multiple technical indicators to generate high-probability trading signals. ## Zone Analysis The system tracks 9 predefined price zones. Each zone has both a high and low boundary, except for Zone 5 which is represented by a single line. When price enters a zone, the system monitors whether it stays within the zone, breaks above it (bullish), or breaks below it (bearish). This zone behavior establishes the foundational bias of the system: - When price closes above its previous zone: Zone State = Bullish - When price closes below its previous zone: Zone State = Bearish - When price remains within a zone: Zone State = Neutral ## Trend Analysis Components The system performs multi-timeframe analysis using several technical components: 1. **Higher Timeframe Analysis** (±3 points in scoring) - Uses 15-minute charts for sub-5-minute timeframes - Uses 30-minute charts for 5-minute timeframes - Uses 60-minute charts for timeframes above 5 minutes - Evaluates candlestick patterns and EMA crossovers on the higher timeframe 2. **EMA Direction** (±1 point in scoring) - Compares 12-period and 26-period EMAs - Bullish when fast EMA > slow EMA - Bearish when fast EMA < slow EMA 3. **MACD Analysis** (±1 point in scoring) - Uses standard 12/26/9 MACD settings - Bullish when MACD line crosses above signal line with positive histogram - Bearish when MACD line crosses below signal line with negative histogram 4. **Price Action** (±2 points in scoring) - Evaluates whether price is making higher highs/higher lows (uptrend) - Or lower highs/lower lows (downtrend) - Also considers ATR-based volatility and strength of movements ## Trend Score Calculation All these components are weighted and combined into a trend score: - Higher timeframe components have stronger weights (±2-3 points) - Current timeframe components have moderate weights (±1 point) - Price action components have varied weights (±0.5-2 points) The final trend state is determined by thresholds: - Score > +3: Trend Analysis State = Bullish - Score < -3: Trend Analysis State = Bearish - Score between -3 and +3: Trend Analysis State = Neutral ## Signal Generation Logic The system combines the Zone State with the Trend Analysis State: 1. If Zone State and Trend Analysis State are both bullish: - Combined State = Bullish - Line Color = Green 2. If Zone State and Trend Analysis State are both bearish: - Combined State = Bearish - Line Color = Red 3. If Zone State and Trend Analysis State contradict each other: - Combined State = Neutral - Line Color = Black This implements a safety mechanism requiring both zone analysis and technical indicators to agree before generating a directional signal. ## Trading Signals Trading signals are generated based on changes in the Combined State: - When Combined State changes from neutral/bearish to bullish: - Trading Signal = LONG (green triangle appears on chart) - When Combined State changes from neutral/bullish to bearish: - Trading Signal = SHORT (red triangle appears on chart) - When Combined State changes from bullish/bearish to neutral: - Trading Signal = EXIT (yellow X appears on chart) - When Combined State remains unchanged: - Trading Signal = NONE (no new marker appears) ## Reversal Warning The system also monitors for potential reversal conditions: - When Combined State is bullish but both RSI and MFI are overbought (>70) - When Combined State is bearish but both RSI and MFI are oversold (<30) In these cases, a yellow diamond appears on the chart as a warning that a reversal might be imminent. ## Visual Elements The indicator provides multiple visual elements: 1. Zone boundaries as translucent orange areas 2. A single colored line below price (green/red/black) showing the current signal 3. Trading signals as shapes on the chart 4. An information panel showing all relevant indicator values and signals ## Usage Limitations The indicator is designed to work optimally on timeframes below 30 minutes. On higher timeframes, a warning appears and analysis is disabled.
Indicador Pine Script®
por user2839409
2
Power Struggle [GOODY]📊 Power Struggle – Gauge the Battle Between Bulls & Bears "Power Struggle " is an advanced, multi-layered market strength and momentum analysis tool. It combines the classic Elder Impulse System and Elder-Ray Power Columns with modern enhancements like visual gauges, momentum shift alerts, and volume-based divergence detection — all in one clean and intuitive interface. ________________________________________ 🧠 What This Indicator Shows You: ✅ Bull vs Bear Power Columns • Visualize who’s in control with clean columns showing Bull and Bear dominance. • Fully integrated with EMA-based Impulse logic to detect trend conviction. ✅ Buy/Sell Signal Labels & Alerts • Trend-following signals based on dynamic power thresholds. • Green = Bull Confirmed | Red = Bear Confirmed • Alerts included for all signal and divergence conditions. ✅ Dynamic Volume Gauge (Horizontal or Vertical) • A powerful gauge showing real-time buyer/seller strength. • Includes divergence detection when volume and price disagree, often a warning sign. • 🔄 Fully customizable layout, position, flip, rotation, and gradient styling. ✅ Active Column Gauge • Tracks real-time momentum shifts within each candle. • Highlights power shifts with emoji markers (🐂/🐻), and calculates where price closes within each candle's range. ✅ Volume-in-Candle Labels (Optional) • See raw Buy vs Sell volume numbers inside the candles. • Easily spot if price moves are supported by actual volume. ________________________________________ ⚙️ Customizable Settings • 🎚️ Set thresholds for signal strictness • 🔔 Use built-in alerts for: o Bullish/Bearish Impulse o Bull/Bear Power Thresholds o Bullish/Bearish Divergences o Momentum Shifts
Indicador Pine Script®
por BAJI26
Trapped Traders Order BlocksHow It Works The Trapped Traders Order Blocks indicator identifies specific price action patterns that suggest large market participants ("big money") have been trapped in losing positions after significant price sweeps, creating potential opportunities for reversals. The indicator detects both "bullish trap blocks" (where bearish traders are trapped) and "bearish trap blocks" (where bullish traders are trapped). Here’s the step-by-step process for each: Bullish Trap Block (Bears Trapped): A bearish candle (Candle A) must sweep the high of the previous candle (Candle B), meaning its high exceeds the high of the prior candle. This bearish candle must have a longer upper wick than its lower wick, indicating rejection of higher prices. The candle must not be a doji (i.e., it must have a significant body, defined as the body being at least 10% of the candle's range). The next candle (Candle C) must close above the body of the bearish candle (Candle A), suggesting that price has immediately moved against the bearish sweep, potentially trapping bearish traders who entered short positions expecting a downward move. The body of the bearish candle (Candle A) is marked as a "bullish trap block." A box is drawn around this candle's body, and a label ("Bullish Trap") is placed below it. Bearish Trap Block (Bulls Trapped): A bullish candle (Candle A) must sweep the low of the previous candle (Candle B), meaning its low is below the low of the prior candle. This bullish candle must have a longer lower wick than its upper wick, indicating rejection of lower prices. The candle must not be a doji. The next candle (Candle C) must close below the body of the bullish candle (Candle A), suggesting that price has immediately moved against the bullish sweep, potentially trapping bullish traders who entered long positions expecting an upward move. The body of the bullish candle (Candle A) is marked as a "bearish trap block." A box is drawn around this candle's body, and a label ("Bearish Trap") is placed above it. Dynamic Box Extension: For both bullish and bearish trap blocks, the box extends dynamically to the current bar unless it exceeds a user-defined age (default is 52 bars), at which point it stops at the maximum age. Sweep Detection: Bullish Sweep (of any trap block, bullish or bearish): The current candle's open is above the top of the box. The low is below the top of the box. The close is above the top of the box. The lower wick is longer than the upper wick (indicating rejection of lower prices). The close is above 50% of the candle's range (ensuring a strong bullish bias). When a bullish sweep occurs, a label ("Bullish Sweep") is placed at the low of the candle, pointing upward, and an alert is triggered. Bearish Sweep (of any trap block, bullish or bearish): The current candle's open is below the bottom of the box. The high is above the bottom of the box. The close is below the bottom of the box. The upper wick is longer than the lower wick (indicating rejection of higher prices). The close is below 50% of the candle's range (ensuring a strong bearish bias). When a bearish sweep occurs, a label ("Bearish Sweep") is placed at the high of the candle, pointing downward, and an alert is triggered. When to Be Used The Trapped Traders Order Blocks indicator is best used in the following scenarios: Reversal Trading: Use this indicator to identify potential reversal points in the market. Bullish trap blocks suggest that trapped bears may unwind their short positions, leading to a potential bullish move. Bearish trap blocks suggest that trapped bulls may unwind their long positions, leading to a potential bearish move. Look for sweeps of these blocks as confirmation of a directional move. A bullish sweep indicates a potential upward move, while a bearish sweep indicates a potential downward move. Range-Bound Markets: In sideways or ranging markets, trapped blocks can highlight key levels where large players have been caught off-guard. These levels often act as support or resistance, and a sweep of the block can signal a breakout or continuation in the direction of the sweep. Confluence with Other Indicators: Combine the trapped blocks with other technical analysis tools, such as support/resistance levels, Fibonacci retracements, or volume analysis, to increase the probability of a successful trade. For example, a bullish trap block near a strong support level with a bullish sweep can provide a high-probability setup for a long position, while a bearish trap block near a strong resistance level with a bearish sweep can signal a short opportunity. Timeframes: The indicator is most effective on higher timeframes such as 1-day (1D), 1-week (1W), and 1-month (1M) charts. These timeframes are more likely to capture significant moves involving large market participants, reducing noise and false signals compared to lower timeframes. While it can be used on lower timeframes (e.g., 1-hour or 4-hour), the signals may be less reliable due to increased market noise. Logic Behind It The logic behind the Trapped Traders Order Blocks indicator is rooted in market psychology and the behavior of large market participants ("big money"). When a large sweep candle occurs where price spikes in one direction but then quickly reverses it often indicates that traders have entered positions in the direction of the sweep, expecting a continuation. However, if the price immediately moves against them, these traders are now trapped in losing positions. Bullish Trap Block (Bears Trapped): A large bearish sweep candle (spiking upward but closing lower) suggests that bearish traders (bears) have entered short positions at the top of the move, expecting a downward continuation. If the next candle closes above the bearish candle's body, these bears are trapped in losing positions. The body of the bearish candle becomes a "bullish trap block" because the trapped bears are likely to have placed their stop-loss orders or break-even exit orders just above the high of the sweep candle or within the body of the candle. As price revisits this level in the future, these trapped traders may attempt to unwind their positions by buying back their shorts, which can drive the price higher. This unwinding process often attracts new buyers, leading to a potential bullish reversal or continuation. The bullish sweep conditions (e.g., close > box top, longer lower wick, and close above 50% of the range) ensure that the price action at the block level shows strong bullish momentum and rejection of lower prices, confirming the potential for a move higher. Bearish Trap Block (Bulls Trapped): A large bullish sweep candle (spiking downward but closing higher) suggests that bullish traders (bulls) have entered long positions at the bottom of the move, expecting an upward continuation. If the next candle closes below the bullish candle's body, these bulls are trapped in losing positions. The body of the bullish candle becomes a "bearish trap block" because the trapped bulls are likely to have placed their stop-loss orders or break-even exit orders just below the low of the sweep candle or within the body of the candle. As price revisits this level in the future, these trapped traders may attempt to unwind their positions by selling their longs, which can drive the price lower. This unwinding process often attracts new sellers, leading to a potential bearish reversal or continuation. The bearish sweep conditions (e.g., close < box bottom, longer upper wick, and close below 50% of the range) ensure that the price action at the block level shows strong bearish momentum and rejection of higher prices, confirming the potential for a move lower. Summary Bullish Trap Block: Occurs when bears get trapped after a bearish sweep candle is immediately followed by a bullish candle, indicating a potential reversal as trapped bears may unwind their positions. Bearish Trap Block: Occurs when bulls get trapped after a bullish sweep candle is immediately followed by a bearish candle, indicating a potential bearish reversal. Use Case: Ideal for identifying reversal opportunities, especially in range-bound markets or at key support/resistance levels on higher timeframes like 1D, 1W, and 1M, and can be combined with other indicators for confluence. Logic: Large sweep candles followed by an immediate reversal suggest that big money has been trapped, and these traders may unwind their positions at break-even in the near future, driving price in the opposite direction of their initial trade. This indicator provides a visual and actionable way to identify these trapped trader scenarios, with customizable settings for box display, sweep visuals, and alerts to help traders capitalize on these opportunities, particularly on higher timeframes where the signals are most reliable.
Indicador Pine Script®
por mindyourbuisness
24
Democratic MultiAsset Strategy [BerlinCode42]Happy Trade, Intro Included Trade Concept Included Indicators and Compare-Functions Usage and Example Settings Menu Declaration for Tradingview House Rules on Script Publishing Disclaimer Conclusion 1. Intro This is the first multi-asset strategy available on TradingView—a market breadth multi-asset trading strategy with integrated webhooks, backtesting capabilities, and essential strategy components like Take Profit, Stop Loss, Trailing, Hedging, Time & Session Filters, and Alerts. How It Trades? At the start of each new bar, one asset from a set of eight is selected to go long or short. As long there is available cash and the selected asset meets the minimum criteria. The selection process works through a voting system, similar to a democracy. Each asset is evaluated using up to five indicators that the user can choose. The asset with the highest overall voting score is picked for the trade. If no asset meets all criteria, no trade is executed, and the cash reserve remains untouched for future opportunities. How to Set Up This Market Breadth Strategy: Choose eight assets from the same market (e.g., cryptos or big tech stocks). Select one to five indicators for the voting system. Refine the strategy by adjusting Take Profit, Stop Loss, Hedging, Trailing, and Filters. 2. Voting as the included Trade Concept The world of financial trading is filled with both risks and opportunities, and the key challenge is to identify the right opportunities, manage risks, and do both right on time. There are countless indicators designed to spot opportunities and filter out risks, but no indicator is perfect—they only work statistically, hitting the right signals more often than the wrong ones. The goal of this strategy is to increase the accuracy of these Indicators by: Supervising a larger number of assets Filtering out less promising opportunities This is achieved through a voting system that compares indicator values across eight different assets. It doesn't just compare long trades—it also evaluates long vs. short positions to identify the most promising trade. Why focus on one asset class? While you can randomly select assets from different asset classes, doing so prevents the algorithm from identifying the strongest asset within a single class. Think about, within one asset class there is often a major trend whereby different asset classes has not really such behavior. And, you don’t necessarily need trading in multiple classes—this algorithm is designed to generate profits in both bullish and bearish markets. So when ever an asset class rise or fall the voting system ensure to jump on the strongest asset. So this focusing on one asset class is an integral part of this strategy. This all leads to more stable and robust trading results compared to handling each asset separately. 3. Included Indicators and Compare-Functions You can choose from 17 different indicators, each offering different types of signals: Some provide a directional signal Some offer a simple on/off signal Some provide both Available Indicators: RSI, Stochastic RSI, MFI, Price, Volume, Volume Oscillator, Pressure, Bilson Gann Trend, Confluence, TDI, SMA, EMA, WMA, HMA, VWAP, ZLMA, T3MA However, these indicators alone do not generate trade signals. To do so, they must be compared with thresholds or other indicators using specific comparison functions. Example – RSI as a Trade Signal. The RSI provides a value between 0 and 100. A common interpretation is: RSI over 80 → Signal to go short or exit a long trade RSI under 20 → Signal to go long or exit a short trade Here, two comparison functions and two thresholds are used to determine trade signals. Below is the full set of available comparison functions, where: I represents the indicator’s value and A represents the comparator’s value. I < A if I smaller A then trade signal I > A if I bigger A then trade signal I = A if I equal to A then trade signal I != A if I not equal to A then trade signal A <> B if I bigger A and I smaller B then trade signal A >< B if I smaller A then long trade signal or if I bigger B then short trade signal Image 1 In Image 1, you can see one of five input sections, where you define an indicator along with its function, comparator, and constants. For our RSI example, we select: Indicator: RSI Function: >< (greater/less than) Comparator: Constant Constants: A = 20, B = 80 With these settings a go short signal is triggered when RSI crosses above 80. And a go long signal is triggered when RSI crosses below 20. Relative Strength Indicator: The RSI from the public TradingView library provides a directional trade signal. You can adjust the price source and period length in the indicator settings. Stochastic Relative Strength Indicator: As above the Stoch RSI offers a trade signal with direction. It is calculated out of the RSI, the stochastic derivation and the SMA from the Tradingview library. You can set the in-going price source and the period length for the RSI, for the Stochastic Derivation and for the SMA as blurring in the Indicator settings section. Money Flow Indicator: As above the MFI from the public Tradingview library offers a trade signal with direction. You can set the in-going price source and the period length in the Indicator settings section. Price: The Price as Indicator is as simple as it can be. You can chose Open, High, Low or Close or combinations of them like HLC3 or even you can import an external Indicator. The absolute price or value can later be used to generate a trade signals when certain constant thresholds or other indicators signals are crossed. Volume: Similar as above the Volume as Indicator offers the average volume as absolute value. You can set the period length for the smoothing and you can chose where it is presented in the base currency $ or is the other. For example the trade pair BTCUSD you can chose to present the value in $ or in BTC. Volume Oscillator: The Volume Oscillator Indicator offers a value in the range of . Whereby a value close to 0 means that the volume is very low. A value around 1 means the volume is same high as before and Values higher as 1 means the volume is bigger then before. You can set the period length for the smoothing and you can chose where it is presented in the base currency $ or is the other. For example the trade pair BTCUSD you can chose to present the value in $ or in BTC. Pressure Indicator: The Pressure is an adapted version of LazyBear's script (Squeeze Momentum Indicator) Pressure is a Filter that highlight bars before a bigger price move in any direction. The result are integer numbers between 0 and 4 whereby 0 means no bigger price move excepted, while 4 means huge price move expected. You can set the in-going price source and the period length in the Indicator settings section. Bilson Gann Trend: The Bilson Gann Trend Indicator is a specific re-implementation of the widely known Bilson Gann Count Algorithm to detect Highs and Lows. On base of the last four Highs and Lows a trend direction can be calculated. It is based on 2 rules to confirm a local pivot candidate. When a local pivot candidate is confirmed, let it be a High then it looks for Lows to confirm. The result range is whereby -1 means down trend, 1 means uptrend and 0 sideways. Confluence: The Confluence Indicator is a simplified version of Dale Legan's "Confluence" indicator written by Gary Fritz. It uses five SMAs with different periods lengths. Whereby the faster SMA get compared with the (slower) SMA with the next higher period lengths. Is the faster SMA smaller then the slower SMA then -1, otherwise +1. This is done with all SMAs and the final sum range between . Whereby values around 0 means price is going side way, Crossing under 0 means trend change from bull to bear. Is the value>2 means a strong bull trend and <-2 a strong bear trend. Trades Dynamic Index: The TDI is an adapted version from the "Traders Dynamic Index" of LazyBear. The range of the result is whereby 2 means Top goShort, -2 means Bottom goLong, 0 is neutral, 1 is up trend, -1 is down trend. Simple Moving Average: The SMA is the one from the Tradingview library. You can compare it with the last close price or any other moving average indicator to indicate up and down trends. You can set the in-going price source and the period length in the Indicator settings section. Exponential Moving Average: The EMA as above is the one from the Tradingview library. You can compare it with the last close price or any other moving average indicator to indicate up and down trends. You can set the in-going price source and the period length in the Indicator settings section. Weighted Moving Average: The WMA as above is the one from the Tradingview library. You can compare it with the last close price or any other moving average indicator to indicate up and down trends. You can set the in-going price source and the period length in the Indicator settings section. Hull Moving Average: HMA as above is the one from the Tradingview library. You can compare it with the last close price or any other moving average indicator to indicate up and down trends. You can set the in-going price source and the period length in the Indicator settings section. Volume Weighted Average Price: The VWAP as above is the one from the Tradingview library. You can compare it with the last close price or any other moving average indicator to indicate up and down trends. You can set the in-going price source in the Indicator settings section. Zero Lag Moving Average: The ZLMA by John Ehlers and Ric Way describe in their paper: www.mesasoftware.com As the other moving averages you can compare it with the last close price or any other moving average indicator to indicate up and down trends. You can set the in-going price source and the period length in the Indicator settings section. T3 Moving Average: The T3MA is the one from the Tradingview library. You can compare it with the last close price or any other moving average indicator to indicate up and down trends. You can set the in-going price source, the period length and a factor in the Indicator settings section. Keep this factor at 1 and the T3MA swing in the same range as the input. Bigger 1 and it swings over. Factors close to 0 and the T3MA becomes a center line. All MA's following the price. The function to compare any MA Indicators would be < or > to generate a trade direction. An example follows in the next section. 4. Example and Usage In this section, you see how to set up the strategy using a simple example. This example was intentionally chosen at random and has not undergone any iterations to refine the trade results. We use the RSI as the trade signal indicator and apply a filter using a combination of two moving averages (MAs). The faster MA is an EMA, while the slower MA is an SMA. By comparing these two MAs, we determine a trend direction. If the faster MA is above the slower MA the trend is upwards etc. This trend direction can then be used for filtering trades. The strategy follows these rules: If the RSI is below 20, a buy signal is generated. If the RSI is above 80, a sell signal is generated. However, this RSI trade signal is filtered so that a trade is only given the maximum voting weight if the RSI trade direction aligns with the trend direction determined by the MA filter. So first, you need to add your chosen assets or simply keep the default ones. In Image 2, you can see one of the eight asset input sections. Image 2 This strategy offers some general trade settings that apply equally to all assets and some asset-specific settings. This distinction is necessary because some assets have higher volatility than others, requiring asset-specific Take Profit and Stop Loss levels. Once you have made your selections, proceed to the Indicators and Compare Functions for the voting. Image 3 shows an example of this setup. Image 3 Later on go to the Indicator specific settings shown in Image 4 to refine the trade results. Image 4 For refine the trade results take also a look on the result summary table, development of capital plot, on the list of closed and open trades and screener table shown in Image 5. Image 5 To locate any trade for any asset in the chronological and scroll-able trade list, each trade is marked with a label: An opening label displaying the trade direction, ticker ID, trade number, invested amount, and remaining cash reserves. A closing label showing the closing reason, ticker ID, trade number, trade profit (%), trade revenue ($), and updated cash reserves. Additionally: a green line marks each Take Profit level. An orange line indicates the (trailing) Stop Loss. The summary table in the bottom-left corner provides insights into how effective the trade strategy is. By analyzing the trade list, you can identify trades that should be avoided. To find those bad trades on the chart, use the trade number or timestamp. With replay mode, you can go back in time to review a specific trade in detail. Image 6 In Image 6, you can see an example where replay mode and the start time filter are used to display specific trades within a narrow time range. By identifying a large number of bad trades, you may recognize patterns and formulate conditions to avoid them in the future. This is the backtesting tool that allows you to develop and refine your trading strategy continuously. With each iteration—from general adjustments to detailed optimizations—you can use these tools to improve your strategy. You can: Add other indicators with trade signals and direction Add more indicators signals as filter Adjust the settings of your indicators to optimize results Configure key strategy settings, such as Time and Session Filters, Stop Loss, Take Profit, and more By doing so, you can identify a profitable strategy and its optimal settings. 5. Settings Menu In the settings menu you will find the following high-lighted sections. Most of the settings have a i mark on their right side. Move over it with the cursor to read specific explanation. Backtest Results: Here you can decide about visibility of the trade list, of the Screener Table and of the Results Summary. And the colors for bullish, side ways, bearish and no signal. Go above and see Image 5. Time Filter: You can set a Start time or deactivate it by leave it unhooked. The same with End Time and Duration Days . Duration Days can also count from End time in case you deactivate Start time. Session Filter: Here, you can chose to activate trading on a weekly basis, specifying which days of the week trading is allowed and which are excluded. Additionally, you can configure trading on a daily basis, setting the start and end times for when trades are permitted. If activated, no new trades will be initiated outside the defined times and sessions. Trade Logic: Here you can set an extra time frame for all indicators. You can enable Longs or Shorts or both trades. The min Criteria percentage setting defines the minimum number of voices an asset has to get to be traded. So if you set this to 50% or less also weak winners of the voting get traded while 100% means that the winner of the voting has to get all possible voices. Additionally, you have the option to delay entry signals. This feature is particularly useful when trade signals exhibit noise and require smoothing. Enable Trailing Stop and force the strategy to trade only at bar closing. Other-ways the strategy trade intrabar, so when ever a voting present an asset to trade, it will send the alert and the webhooks. The Hedging is basic as shown in the following Image 7 and serves as a catch if price moves fast in the wrong direction. You can activate a hedging mechanism, which opens a trade in the opposite direction if the price moves x% against the entry price. If both the Stop Loss and Hedging are triggered within the same bar, the hedging action will always take precedence. Image 6 Indicators to use for Trade Signal Generating: Here you chose the Indicators and their Compare Function for the Voting . Any activated asset will get their indicator valuation which get compared over all assets. The asset with the highest valuation is elected for the trade as long free cash is present and as long the minimum criteria are met. The Screener Table will show all indicators results of the last bar of all assets. Those indicator values which met the threshold get a background color to high light it. Green for bullish, red for bearish and orange for trade signals without direction. If you chose an Indicator here but without any compare function it will show also their results but with just gray background. Indicator Settings: here you can setup the indicator specific settings. for deeper insights see 3. Included Indicators and Compare-Functions . Assets, TP & SL Settings: Asset specific settings. Chose here the TickerID of all Assets you wanna trade. Take Profit 1&2 set the target prices of any trade in relation to the entry price. The Take Profit 1 exit a part of the position defined by the quantity value. Stop Loss set the price to step out when a trade goes the wrong direction. Invest Settings: Here, you can set the initial amount of cash to start with. The Quantity Percentage determines how much of the available cash is allocated to each trade, while the Fee percentage specifies the trading fee applied to both opening and closing positions. Webhooks: Here, you configure the License ID and the Comment . This is particularly useful if you plan to use multiple instances of the script, ensuring the webhooks target the correct positions. The Take Profit and Stop Loss values are displayed as prices. 6. Declaration for Tradingview House Rules on Script Publishing The unique feature of this Democratic Multi-Asset Strategy is its ability to trade multiple assets simultaneously. Equipped with a set of different standard Indicators, it's new democratic Voting System does more robust trading decisions compared to single-asset. Interchangeable Indicators and customizable strategy settings allowing for a wide range of trading strategies. This script is closed-source and invite-only to support and compensate for over a year of development work. Unlike other single asset strategies, this one cannot use TradingView's strategy functions. Instead, it is designed as an indicator. 7. Disclaimer Trading is risky, and traders do lose money, eventually all. This script is for informational and educational purposes only. All content should be considered hypothetical, selected post-factum and is not to be construed as financial advice. Decisions to buy, sell, hold, or trade in securities, commodities, and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results. Using this script on your own risk. This script may have bugs and I declare don't be responsible for any losses. 8. Conclusion Now it’s your turn! Chose an asset class and pick 8 of them and chose some indicators to see the trading results of this democratic voting system. Refine your multi-asset strategy to favorable settings. Once you find a promising configuration, you can set up alerts to send webhooks directly. Configure all parameters, test and validate them in paper trading, and if results align with your expectations, you even can deploy this script as your trading bit. Cheers
Indicador Pine Script®
por BerlinCode42
3
Enhanced Order Flow Pressure GaugeShort Description: Estimates bullish/bearish pressure by analyzing each candle’s close position within its range, then weighting that by volume. Detects potential trend shifts and provides real-time signals. Full Description: 1. Purpose The Enhanced Order Flow Pressure Gauge (OFPG+) is designed to approximate buy vs. sell pressure within each bar, even if you don’t have full Level II / order flow data. By measuring the candle’s close relative to its high-low range and multiplying by volume, OFPG+ provides insights into which side of the market (bulls or bears) is more aggressive in a given interval. 2. Key Components Pressure Score (Histogram): Raw measure of each bar’s close position (rangePos) minus midpoint, multiplied by volume. If the bar closes near its high with decent volume, the score is positive (bullish). Conversely, a close near its low yields a negative (bearish) reading. Cumulative Pressure: Sum of all pressure readings over time (similar to cumulative delta), reflecting the overall market bias. Pressure Delta: The change in cumulative pressure from one bar to the next, plotted as a line. Rising values suggest increasing bullish momentum, while falling values show growing bearish influence. 3. Visual Cues & Signals Histogram (Pressure Profile): A color-coded bar for each candle, indicating net bullish (blue) or bearish (gray) intrabar pressure. Pressure Delta Line: Plotted over the histogram. Turns bullish (blue) when net buy pressure is increasing, or bearish (gray) when net selling accelerates. Background Highlights: Turns lightly blue if the smoothed pressure line exceeds the positive threshold, or lightly gray if it goes below the negative threshold. Bullish / Bearish Signals: Bullish Signal occurs when the smoothed pressure line crosses above the positive threshold, combined with a positive Delta. Bearish Signal occurs when the smoothed pressure line crosses below the negative threshold, combined with a negative Delta. Confirmed Signals: After a bullish/bearish signal, OFPG+ checks the highest or lowest smoothed pressure values over a user-defined number of bars (signalLookback) to confirm momentum. Plotshapes (diamond icons) appear on the chart to mark these confirmed reversals. 4. Usage Scenarios Trend-Following / Momentum: Watch for transitions from negative to positive net pressure or vice versa. Helps identify potential turning points. Reversal Confirmation: The threshold-based signals plus the “confirmed” checks can help filter choppy conditions. Volume-Weighted Insights: By factoring in volume, strong closes near the highs or lows are weighted more heavily, capturing sentiment shifts. 5. Inputs & Parameters Smoothing Length (length): The EMA period for smoothing the raw pressure score. Volume Weight (volWeight): Scales the volume impact on pressure calculations. Pressure Threshold (threshold): Defines when pressure is considered significantly bullish or bearish. Signal Lookback (signalLookback): Number of bars to confirm momentum after a signal. 6. Alerts Bullish Signal & Confirmed Bullish Bearish Signal & Confirmed Bearish These alerts can notify you in real-time about potential shifts in the market’s buying or selling pressure. 7. Disclaimer This script provides an approximation of order flow by analyzing candle structure and volume. It does not represent actual exchange-level order data. Past performance is not necessarily indicative of future results. Always conduct thorough analysis and use proper risk management. Not financial advice. Use at your own discretion.
Indicador Pine Script®
por AI-signals
2
WIG20 Total Value-Weighted VolumeThis Pine Script creates a custom indicator for TradingView that calculates and visualizes the total "value-weighted volume" of the 20 stocks in the WIG20 index (a major Polish stock market index). Here's a breakdown of what it does: Functionality: Stock Selection: The script allows you to input the ticker symbols for the 20 stocks that make up the WIG20 index (e.g., "PKO" for PKO Bank Polski, "PKN" for PKN Orlen, etc.). These are customizable via input fields, so you can adjust them to match the current WIG20 constituents. Data Retrieval: For each of the 20 stocks, it fetches two pieces of data from the current chart timeframe (e.g., daily, hourly): Volume: The number of shares traded (e.g., v01 for the first stock). Average Price: The midpoint price of the candle, calculated as (open + close) / 2 (e.g., p01 for the first stock). This represents a typical price for that period. Value-Weighted Volume Calculation: For each stock, it multiplies the volume by its average price (e.g., vw01 = v01 * p01). This converts the raw volume (in shares) into a monetary value (e.g., in Polish złoty, PLN, assuming the prices are in PLN). The result, called "value-weighted volume," reflects the total monetary amount traded for each stock rather than just the number of shares. Total Value-Weighted Volume: It sums the value-weighted volumes of all 20 stocks into a single value, totalValueVolume. This represents the combined monetary trading activity across the WIG20 index for each time period (e.g., each candle on the chart). Statistical Analysis: The script calculates a rolling mean and standard deviation of the totalValueVolume over a user-defined lookback period (default is 20 bars, adjustable via input). It then computes a "3-sigma" threshold, which is the mean plus three times the standard deviation. This threshold identifies unusually high trading activity (statistically significant outliers). Candle Direction: It checks whether the current candle on the chart (e.g., the WIG20 index itself) is bullish or bearish: Bullish: If the close price is higher than the open price (close > open). Bearish: If the close price is lower than the open price (close < open). Color-Coded Visualization: The totalValueVolume is plotted as a histogram on the chart with dynamic colors: Blue: If the value-weighted volume is below the 3-sigma threshold (normal trading activity). Green: If the value-weighted volume exceeds the 3-sigma threshold and the candle is bullish (indicating unusually high buying activity). Red: If the value-weighted volume exceeds the 3-sigma threshold and the candle is bearish (indicating unusually high selling activity). Purpose: What It Shows: The indicator highlights the total monetary trading volume across the WIG20 stocks, adjusted for each stock’s price, and flags periods of exceptional activity (above 3 sigma) with colors that indicate market direction (bullish or bearish). Use Case: Traders or analysts might use this to: Identify significant market events where trading volume spikes (e.g., news-driven moves). Assess whether those spikes align with bullish (green) or bearish (red) sentiment, based on the WIG20 index’s price movement. Compare monetary trading activity across different periods, rather than just share volume, which gives more weight to higher-priced stocks. Key Features: Customizable: You can tweak the stock symbols and lookback period to fit your needs. Statistical Insight: The 3-sigma rule helps spot outliers in trading activity. Visual Clarity: The histogram’s color changes make it easy to see when volume spikes occur and whether they’re tied to upward or downward price moves. Example Output: On a daily WIG20 chart, if one day’s total value-weighted volume is exceptionally high (above 3 sigma) and the WIG20 closes higher than it opened, the histogram bar for that day turns green. If it closes lower, it turns red. Otherwise, it stays blue. In essence, this script transforms raw volume data into a price-adjusted, statistically informed indicator that visually emphasizes significant trading events with directional context!
Indicador Pine Script®
por JDtradingCharts
Price-Aligned Trend Indicator - Saerthak AnandThis is a Pine Script (version 6) for TradingView that creates a "Price-Aligned Trend Indicator" with three different T3 moving averages (Fast, Medium, and Slow). The indicator colors the lines based on the trend (bullish, bearish, or neutral) and adds "BREAKOUT" or "BREAKDOWN" labels when the fast moving average crosses the medium moving average. Explanation: T3 Moving Average Calculation: The function calculates the T3 moving average by recursively applying the exponential moving average (EMA) multiple times. Trend Conditions: Bullish: Fast > Medium > Slow. Bearish: Fast < Medium < Slow. Neutral: Any other condition. Plotting: The three T3 moving averages are plotted with different levels of opacity based on the trend. A colored cloud is filled between the fast and medium lines, indicating the current trend. Breakout and Breakdown Labels: A "BREAKOUT" label is displayed when the fast T3 crosses above the medium T3 and the overall trend is bullish. A "BREAKDOWN" label is displayed when the fast T3 crosses below the medium T3 and the overall trend is bearish. Suggestions for Improvement: Performance Optimization: You may want to experiment with higher T3 lengths for smoother trend visualization. Customization: Consider adding options for users to customize colors and label display. Alert Conditions: You can add alertcondition for breakouts and breakdowns for real-time alerts in TradingView. Signal Confirmation: Add further trend confirmation (e.g., volume analysis or RSI) to reduce false signals.
Indicador Pine Script®
por sarthaks31
1
SPY vs TQQQ Candle Divergence# SPY vs TQQQ Candle Divergence Indicator ## Description This indicator monitors and visualizes candlestick divergences between SPY (S&P 500 ETF) and TQQQ (ProShares UltraPro QQQ ETF). It identifies situations where one security is showing bullish movement (green candle) while the other is showing bearish movement (red candle) within the same time period. ## Features - Real-time divergence detection between SPY and TQQQ - Visual markers with distinct colors for each type of divergence - Built-in alert conditions for automated monitoring - Works on any timeframe - Overlay indicator that plots directly on the chart ## Divergence Types ### SPY Bullish / TQQQ Bearish - Condition: SPY forms a green candle while TQQQ forms a red candle - Marker: Green label with "SPY" text above the bar - Alert Message: "SPY is green while TQQQ is red" ### SPY Bearish / TQQQ Bullish - Condition: SPY forms a red candle while TQQQ forms a green candle - Marker: Red label with "SPY" text below the bar - Alert Message: "TQQQ is green while SPY is red" ### TQQQ Bullish / SPY Bearish - Visualization: Blue label with "TQQQ" text above the bar - Indicates TQQQ strength relative to SPY ### TQQQ Bearish / SPY Bullish - Visualization: Purple label with "TQQQ" text below the bar - Indicates TQQQ weakness relative to SPY ## Technical Implementation - Built on Pine Script version 5 - Uses `request.security()` to fetch data for both symbols - Implements simple candle color detection (1 for green, -1 for red, 0 for doji) - Plots markers using `plotshape()` with different colors and positions ## Visual Elements - Label Colors: - SPY Bullish: Green - SPY Bearish: Red - TQQQ Bullish: Blue - TQQQ Bearish: Purple - All labels use white text for visibility - Small label size for clean chart appearance - Labels positioned above/below bars for clear identification ## Alert System Two built-in alert conditions: 1. "SPY Green TQQQ Red Divergence" 2. "TQQQ Green SPY Red Divergence" ## Usage 1. Add the indicator to any chart (preferably SPY or TQQQ) 2. Look for colored labels indicating divergences 3. Set up alerts for automated monitoring 4. Use divergences as potential signals for: - Market sector rotation - Relative strength analysis - Trading opportunities - Risk management ## Notes - Best used in conjunction with other technical indicators - Consider overall market conditions when interpreting signals - Useful for identifying potential market reversals or continuations - Can help in timing entries and exits ## Limitations - Requires data feed for both SPY and TQQQ - Only considers candle color, not candle size or volume - May generate frequent signals in choppy markets ## Disclaimer This indicator is for informational purposes only. Always use proper risk management and consider multiple factors when making trading decisions.
Indicador Pine Script®
por IndicatorCraft
1
Uptrick: FRAMA Matrix RSIUptrick: FRAMA Matrix RSI Introduction The Uptrick: FRAMA Matrix RSI is a momentum-based indicator that integrates the Relative Strength Index (RSI) with the Fractal Adaptive Moving Average (FRAMA). By applying FRAMA's adaptive smoothing to RSI—and further refining it with a Zero-Lag Moving Average (ZLMA)—this script creates a refined and reliable momentum oscillator. The indicator now includes enhanced divergence detection, potential reversal signals, customizable buy/sell signal options, an internal stats table, and a fully customizable bar coloring system for an enhanced visual trading experience. Why Combine RSI with FRAMA Traditional RSI is a well-known momentum indicator but has several limitations. It is highly sensitive to price fluctuations, often generating false signals in choppy or volatile markets. FRAMA, in contrast, adapts dynamically to price changes by adjusting its smoothing factor based on market conditions. By integrating FRAMA into RSI calculations, this indicator reduces noise while preserving RSI's ability to track momentum, adapts to volatility by reducing lag in trending markets and smoothing out choppiness in ranging conditions, enhances trend-following capability for more reliable momentum shifts, and refines overbought and oversold signals by adjusting to the current market structure. With the new enhancements, such as a manual alpha input, noise filtering, divergence detection, and multiple buy/sell signal options, the indicator offers even greater flexibility and precision for traders. This combination improves the standard RSI by making it more adaptive and responsive to market changes. Originality This indicator is unique because it applies FRAMA's adaptive smoothing technique to RSI, creating a dynamic momentum oscillator that adjusts to different market conditions. Many traditional RSI-based indicators either use fixed smoothing methods like exponential moving averages or employ basic RSI calculations without adjusting for volatility. This script stands out by integrating several elements, including the fractal dimension-based smoothing of FRAMA to reduce noise while retaining responsiveness, the use of Zero-Lag Moving Average smoothing to enhance trend sensitivity and reduce lag, divergence detection to highlight mismatches between price action and RSI momentum, a noise filter and manual alpha option to prevent minor fluctuations from generating false signals, customizable buy/sell signal options that let traders choose between ZLMA-based or FRAMA RSI-based signals, an internal stats table displaying real-time FRAMA calculations such as fractal dimension and the adaptive alpha factor, and a fully customizable bar coloring system to visually distinguish bullish, bearish, and neutral conditions. Features Adaptive FRAMA RSI The indicator applies FRAMA to RSI values, making the momentum oscillator adaptive to volatility while filtering out noise. Unlike a traditional RSI that reacts equally to all price movements, FRAMA RSI adjusts its smoothing factor based on market structure, making it more effective for identifying true momentum shifts. Zero-Lag Moving Average (ZLMA) A smoothing technique that minimizes lag while preserving the responsiveness of price movements. It is applied to the FRAMA RSI to further refine signals and ensure smoother trend detection. Bullish and Bearish Threshold Crossovers This system compares FRAMA RSI to a user-defined threshold (default is 50). When FRAMA RSI moves above the threshold, it indicates bullish momentum, while movement below signals bearish conditions. The enhanced noise filter ensures that only significant moves trigger signals. Noise Filter and Manual Alpha A new noise filter input prevents tiny fluctuations from triggering false signals. In addition, a manual alpha option allows traders to override the automatically computed smoothing factor with a custom value, providing extra control over the indicator’s sensitivity. Divergence Detection The indicator identifies divergence patterns by comparing FRAMA RSI pivots to price action. Bullish divergence occurs when price makes a lower low while FRAMA RSI makes a higher low, and bearish divergence occurs when price makes a higher high while FRAMA RSI makes a lower high. These signals can help traders anticipate potential reversals. Reversal Signals Labels appear on the chart when FRAMA RSI confirms classic RSI overbought (70) or oversold (30) conditions, providing visual cues for potential trend reversals. Buy and Sell Signal Options Traders can now choose between two signal-generation methods. ZLMA-based signals trigger when the ZLMA of FRAMA RSI crosses key overbought (70) or oversold (30) levels, while FRAMA RSI-based signals trigger when FRAMA RSI itself crosses these levels. This added flexibility allows users to tailor the indicator to their preferred trading style. ZLMA: FRAMA: Customizable Alerts Alerts notify traders when FRAMA RSI crosses key levels, divergence signals occur, reversal conditions are met, or buy/sell signals trigger. This ensures that important trading events are not missed. Fully Customizable Bar Coloring System Users can color bars based on different conditions, enhancing visual clarity. Bar coloring modes include: FRAMA RSI threshold (bars change color based on whether FRAMA RSI is above or below the threshold), ZLMA crossover (bars change when ZLMA crosses overbought or oversold levels), buy/sell signals (bars change when official signals trigger), divergence (bars highlight when bullish or bearish divergence is detected), and reversals (bars indicate when RSI reaches overbought or oversold conditions confirmed by FRAMA RSI). The system also remembers the last applied bar color, ensuring a smooth visual transition. Input Parameters and Features Core Inputs RSI Length (default: 14) defines the period for RSI calculations. FRAMA Lookback (default: 16) determines the length for the FRAMA smoothing function. RSI Bull Threshold (default: 50) sets the level above which the market is considered bullish and below which it is bearish. Noise Filter (default: 1.0) ensures that small fluctuations do not trigger false bullish or bearish signals. Additional Features Show Bull and Bear Alerts (default: true) enables notifications when FRAMA RSI crosses the threshold. Enable Divergence Detection (default: false) highlights bullish and bearish divergences based on price and FRAMA RSI pivots. Show Potential Reversal Signals (default: false) identifies overbought (70) and oversold (30) levels as possible trend reversal points. Buy and Sell Signal Option (default: ZLMA) allows traders to choose between ZLMA-based signals or FRAMA RSI-based signals for trade entry. ZLMA Enhancements ZLMA Length (default: 14) determines the period for the Zero-Lag Moving Average applied to FRAMA RSI. Visualization Options Show Internal Stats Table (default: false) displays real-time FRAMA calculations, including fractal dimension and the adaptive alpha smoothing factor. Show Threshold FRAMA Signals (default: false) plots buy and sell labels when FRAMA RSI crosses the threshold level. How It Works FRAMA Calculation FRAMA dynamically adjusts smoothing based on the price fractal dimension. The alpha smoothing factor is derived from the fractal dimension or can be set manually to maintain responsiveness. RSI with FRAMA Smoothing RSI is calculated using the user-defined lookback period. FRAMA is then applied to the RSI to make it more adaptive to volatility. Optionally, ZLMA is applied to further refine the signals and reduce lag. Bullish and Bearish Threshold Crosses A bullish condition occurs when FRAMA RSI crosses above the threshold, while a bearish condition occurs when it falls below. The noise filter ensures that only significant trend shifts generate signals. Buy and Sell Signal Options Traders can choose between ZLMA crossovers or FRAMA RSI crossovers as the basis for buy and sell signals, offering flexibility in trade entry timing. Divergence Detection The indicator identifies divergences where price action and FRAMA RSI momentum do not align, potentially signaling upcoming reversals. Reversal Signal Labels When classic RSI overbought or oversold levels are confirmed by FRAMA RSI conditions, reversal labels are added on the chart to highlight potential exhaustion points. Bar Coloring System Bars are dynamically colored based on various conditions such as RSI thresholds, ZLMA crossovers, buy/sell signals, divergence, and reversals, allowing traders to quickly interpret market sentiment. Alerts and Internal Stats Customizable alerts notify traders of key events, and an optional internal stats table displays real-time calculations (fractal dimension, alpha value, and RSI values) to help users understand the underlying dynamics of the indicator. Summary The Uptrick: FRAMA Matrix RSI offers an enhanced approach to momentum analysis by combining RSI with adaptive FRAMA smoothing and additional layers of signal refinement. The indicator now includes adaptive RSI smoothing to reduce noise and improve responsiveness, Zero-Lag Moving Average filtering to minimize lag, divergence and reversal detection to identify potential turning points, customizable buy/sell signal options that let traders choose between different signal methodologies, a fully customizable bar coloring system to visually distinguish market conditions, and an internal stats table for real-time insight into FRAMA calculation parameters. Whether used for trend confirmation, divergence detection, or momentum-based strategies, this indicator provides a powerful and adaptive approach to trading. Disclaimer This script is for informational and educational purposes only. Trading involves risk, and past performance does not guarantee future results. Always conduct proper research and consult with a financial advisor before making trading decisions.
Indicador Pine Script®
por Uptrick