Enhanced Stock Ticker with 50MA vs 200MADescription
The Enhanced Stock Ticker with 50MA vs 200MA is a versatile Pine Script indicator designed to visualize the relative position of a stock's price within its short-term and long-term price ranges, providing actionable bullish and bearish signals. By calculating normalized indices based on user-defined lookback periods (defaulting to 50 and 200 bars), this indicator helps traders identify potential reversals or trend continuations. It offers the flexibility to plot signals either on the main price chart or in a separate lower pane, leveraging Pine Script v6's force_overlay functionality for seamless integration. The indicator also includes a customizable ticker table, visual fills, and alert conditions for automated trading setups.
Key Features
Dual Lookback Indices: Computes short-term (default: 50 bars) and long-term (default: 200 bars) indices, normalizing the closing price relative to the high/low range over the specified periods.
Flexible Signal Plotting: Users can toggle between plotting crossover signals (triangles) on the main price chart (location.abovebar/belowbar) or in the lower pane (location.top/bottom) using the Plot Signals on Main Chart option.
Crossover Signals: Generates bullish (Golden Cross) and bearish (Death Cross) signals when the short or long index crosses above 5 or below 95, respectively.
Visual Enhancements:
Plots short-term (blue) and long-term (white) indices in a separate pane with customizable lookback periods.
Includes horizontal reference lines at 0, 20, 50, 80, and 100, with green and red fills to highlight overbought/oversold zones.
Dynamic fill between indices (green when short > long, red when long > short) for quick trend visualization.
Displays a ticker and legend table in the top-right corner, showing the symbol and lookback periods.
Alert Conditions: Supports alerts for bullish and bearish crossovers on both short and long indices, enabling integration with TradingView's alert system.
Technical Innovation: Utilizes Pine Script v6's force_overlay parameter to plot signals on the main chart from a non-overlay indicator, combining the benefits of a separate pane and chart-based signals in a single script.
Technical Details
Calculation Logic:
Uses confirmed bars (barstate.isconfirmed) to calculate indices, ensuring reliability by avoiding real-time bar fluctuations.
Short-term index: (close - lowest(low, lookback_short)) / (highest(high, lookback_short) - lowest(low, lookback_short)) * 100
Long-term index: (close - lowest(low, lookback_long)) / (highest(high, lookback_long) - lowest(low, lookback_long)) * 100
Signals are triggered using ta.crossover() and ta.crossunder() for indices crossing 5 (bullish) and 95 (bearish).
Signal Plotting:
Main chart signals use force_overlay=true with location.abovebar/belowbar for precise alignment with price bars.
Lower pane signals use location.top/bottom for visibility within the indicator pane.
Plotting is controlled by boolean conditions (e.g., bullishLong and plot_on_chart) to ensure compliance with Pine Script's global scope requirements.
Performance Considerations: Optimized for efficiency by calculating indices only on confirmed bars and using lightweight plotting functions.
How to Use
Add to Chart:
Copy the script into TradingView's Pine Editor and add it to your chart.
Configure Settings:
Short Lookback Period: Adjust the short-term lookback (default: 50 bars) to match your trading style (e.g., 20 for shorter-term analysis).
Long Lookback Period: Adjust the long-term lookback (default: 200 bars) for broader market context.
Plot Signals on Main Chart: Check this box to display signals on the price chart; uncheck to show signals in the lower pane.
Interpret Signals:
Golden Cross (Bullish): Green (long) or blue (short) triangles indicate the index crossing above 5, suggesting a potential buying opportunity.
Death Cross (Bearish): Red (long) or white (short) triangles indicate the index crossing below 95, signaling a potential selling opportunity.
Set Alerts:
Use TradingView's alert system to create notifications for the four alert conditions: Long Index Valley, Long Index Peak, Short Index Valley, and Short Index Peak.
Customize Visuals:
The ticker table displays the symbol and lookback periods in the top-right corner.
Adjust colors and styles via TradingView's settings if desired.
Example Use Cases
Swing Trading: Use the short-term index (e.g., 50 bars) to identify short-term reversals within a broader trend defined by the long-term index.
Trend Confirmation: Monitor the fill between indices to confirm whether the short-term trend aligns with the long-term trend.
Automated Trading: Leverage alert conditions to integrate with bots or manual trading strategies.
Notes
Testing: Always backtest the indicator on your chosen market and timeframe to validate its effectiveness.
Optional Histogram: The script includes a commented-out histogram for the index difference (index_short - index_long). Uncomment the plot(index_diff, ...) line to enable it.
Compatibility: Built for Pine Script v6 and tested on TradingView as of May 27, 2025.
Acknowledgments
This indicator was inspired by the need for a flexible tool that combines lower-pane analysis with main chart signals, made possible by Pine Script's force_overlay feature. Share your feedback or suggestions in the comments below, and happy trading!
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SMC ICT – Simplified Daily Trend & Reversal AnalyzerThis Pine Script provides a simplified approach to analyzing daily trends and potential reversals using concepts inspired by Smart Money Concepts (SMC) and ICT (Inner Circle Trader).
What It Does:
• Detects daily uptrend and downtrend conditions by comparing the current daily high/low to the previous day’s values.
• Highlights potential bullish or bearish reversal zones when price behavior suggests a shift in sentiment.
• Automatically draws dashed lines for the previous day's high and low.
• Labels these high/low levels for quick visual reference.
How to Use:
Apply this indicator to any timeframe chart. Use the plotted trend markers to assess daily direction and potential reversal signals. The dashed lines (previous high/low) can be used as reference points for liquidity zones or break/retest entries.
User Interface:
The indicator displays labels and shapes in English. This script is intended for educational and trading workflow enhancement purposes.
Note:
This is an open-source tool designed for clarity and basic SMC/ICT application. It is best used in combination with other confluences like FVGs, order blocks, and liquidity sweeps.
BB Vicinity Reversal SignalsThis indicator detects potential intraday reversal opportunities based on price action near the outer edges of Bollinger Bands (±2.7 std dev). Unlike traditional Bollinger Band signals that require strict band touches or crossings, this tool identifies reversals that occur in the vicinity of the outer bands, increasing signal frequency while maintaining logical precision.
✅ Key Features:
Buy Signal: Triggered when a bullish candle with a strong body forms near the lower Bollinger Band.
Sell Signal: Triggered when a bearish candle with a strong body forms near the upper Bollinger Band.
Vicinity logic: User-adjustable % range from the outer bands (default: 20%) to define how close price must be.
Body-to-candle ratio filter: Ensures that only meaningful directional candles trigger signals.
No repainting: All signals are generated in real-time based on confirmed candle closes.
Built-in alerts: Receive instant notifications for buy and sell setups.
This tool is ideal for traders looking to capture high-probability mean-reversion trades without being overly restrictive. It works well on intraday timeframes like 5m, 15m, and 1h.
Equal High/Low (EQH/EQL) [AlgoAlpha]OVERVIEW
This script detects and visualizes Equal High (EQH) and Equal Low (EQL) zones—key liquidity areas where price has previously stalled or reversed. These levels often attract institutional interest due to the liquidity buildup around them. The indicator is built to highlight such zones using dynamic thresholding, overbought/oversold RSI filtering, and adaptive mitigation logic to manage zone relevance over time.
CONCEPTS
Equal Highs/Lows are price points where the market has repeatedly failed to break past a certain high or low, hinting at areas where stop orders and pending interest may be concentrated. These areas are often prime targets for liquidity grabs or reversals. By combining this with RSI filtering, the script avoids false signals during neutral conditions and instead focuses on zones where market pressure is more directional.
FEATURES
Detection Logic: The script identifies EQH and EQL zones by comparing the similarity between recent highs or lows with a dynamic volatility threshold. The `tolerance` input allows users to control how strict this comparison is.
RSI Filtering: If enabled, it only creates zones when RSI is significantly overbought or oversold (based on the `state_thresh` input). This helps ensure zones form only in meaningful market conditions.
Zone Display: Bullish (EQL) zones are shown in grey, while bearish (EQH) zones are in blue. Two horizontal lines mark the zone using wick and body extremes, and a filled area visualizes the zone between them.
Zone Management: Zones automatically extend with price until they’re invalidated. You can choose whether a zone is removed based on wick or body sweeps and whether it requires one or two candle confirmations. Zones also expire after a customizable number of bars.
Alerts: Four alert conditions are built in—when a new EQH/EQL is formed and when one is mitigated—making it easy to integrate into alert-based workflows.
USAGE
Equal highs/lows can be used as liquidity markers, either as entry points or as take-profit targets.
This tool is ideal for liquidity-based strategies and helps traders map out possible reversal or sweep zones that often precede aggressive moves.
Multi Candle Engulfing Detector🔍 Multi Candle Engulfing Detector
This indicator identifies powerful engulfing candles that consume three or more previous candles — a signal often tied to strong market reversals or continuation moves.
🧠 Features
Detects candles that fully engulf the previous 3 or more candles
Optional filtering: only trigger when the engulfed candles are of the opposite color
Customizable engulf count for greater pattern control
Clear bullish and bearish signal labels on the chart
Alerts integrated: get notified the moment a setup forms
Background highlighting for enhanced visibility
⚙️ Settings
Minimum Number of Candles to Engulf: Default is 3, but can be adjusted
Require Opposite Color: When enabled, the engulfing candle must be opposite in color to the engulfed ones (e.g., green engulfing red)
📈 Use Cases
Spot strong reversal signals at tops and bottoms
Confirm breakout momentum on trend continuation
Use in confluence with other tools like volume or support/resistance
🚨 Alerts
Alerts fire when a bullish or bearish engulfing pattern is detected, allowing for mobile, email, or webhook notifications.
✅ Notes
This script is fully customizable and can be extended into a strategy or scanning tool. Feedback and suggestions are always welcome!
Bullish & Bearish Engulfing ProHello Traders!
Overview
The Bullish & Bearish Engulfing Pro indicator is a powerful pattern recognition tool that identifies key reversal points and trend continuation opportunities. These engulfing patterns often mark the beginning of a significant price move and are widely used in technical analysis. For example, in an uptrend, a Bullish Engulfing pattern can provide an ideal pullback entry signal.
This indicator combines traditional candlestick theory with advanced technical filters like trend direction and volatility analysis to offer traders precise, high-confidence signals.
Key Features :
Accurate pattern detection:
Uses refined algorithms to detect true Bullish and Bearish Engulfing patterns, filtering out noise and false positives.
Trend filter:
Customizable Simple Moving Average (SMA) ensures trades are aligned with the market’s broader trend, improving trade success rates.
Volatility awareness:
ATR-based filtering ensures that only statistically significant engulfing patterns are highlighted.
Visual clarity:
Bullish and Bearish Engulfing patterns are displayed with distinct, customizable colors and labels for instant recognition.
Flexible customization:
Users can adjust detection criteria, SMA settings, and visual options to suit their personal strategy.
Filtered signal display:
Option to visualize filtered-out signals to better understand how the logic makes its decisions.
Bullish Engulfing Pattern
Appears after a downtrend or during a pullback in an uptrend
Consists of two candles
A smaller bearish candle
Followed by a larger bullish candle that completely engulfs the previous body
Bearish Engulfing Pattern
Appears after an uptrend or during a pullback in a downtrend
Consists of two candles
A smaller bullish candle
Followed by a larger bearish candle that completely engulfs the previous body
Key differences in this implementation
What makes this indicator unique
Trend and volatility filters
Ensure patterns occur in meaningful market conditions
Comprehensive pattern analysis:
Factors in candle body ratios, wick sizes, and relative size to past candles for smarter detection
Adaptive to market conditions:
Dynamic thresholds based on ATR allow pattern recognition to adjust to different volatility regimes
Educational value:
Visualizing rejected patterns helps traders build intuition and refine their discretion
How to Trade with this Indicator
Engulfing patterns can signal strong reversals or pullback continuations. Use them with trend and volume confirmation to maximize their effectiveness.
snapshot
Bullish Opportunities:
Look for Bullish Engulfing patterns (aqua-colored candles and labels) during or after a pullback in an uptrend.
Bearish Opportunities:
Watch for Bearish Engulfing patterns (orange-colored candles and labels) during or after a rally in a downtrend.
Entry: Enter on the next bar open after the engulfing candle completes.
Stop loss: 2 ticks below/above the engulfing candle’s low/high.
Take profit: Aim for at least a 2R target, a swing high/low or manage the tradewith a trailing stop.
Trend Alignment:
For higher win probability, take trades only in the direction of the SMA-defined trend.
Note: To ensure the candle coloring appears correctly, place the indicator at the top of the object tree.
Smarter Money Concepts - OBs [PhenLabs]📊 Smarter Money Concepts - OBs
Version: PineScript™ v6
📌 Description
Smarter Money Concepts - OBs (Order Blocks) is an advanced technical analysis tool designed to identify and visualize institutional order zones on your charts. Order blocks represent significant areas of liquidity where smart money has entered positions before major moves. By tracking these zones, traders can anticipate potential reversals, continuations, and key reaction points in price action.
This indicator incorporates volume filtering technology to identify only the most significant order blocks, eliminating low-quality signals and focusing on areas where institutional participation is likely present. The combination of price structure analysis and volume confirmation provides traders with high-probability zones that may attract future price action for tests, rejections, or breakouts.
🚀 Points of Innovation
Volume-Filtered Block Detection : Identifies only order blocks formed with significant volume, focusing on areas with institutional participation
Advanced Break of Structure Logic : Uses sophisticated price action analysis to detect legitimate market structure breaks preceding order blocks
Dynamic Block Management : Intelligently tracks, extends, and removes order blocks based on price interaction and time-based expiration
Structure Recognition System : Employs technical analysis algorithms to find significant swing points for accurate order block identification
Dual Directional Tracking : Simultaneously monitors both bullish and bearish order blocks for comprehensive market structure analysis
🔧 Core Components
Order Block Detection : Identifies institutional entry zones by analyzing price action before significant breaks of structure, capturing where smart money has likely positioned before moves.
Volume Filtering Algorithm : Calculates relative volume compared to a moving average to qualify only order blocks formed with significant market participation, eliminating noise.
Structure Break Recognition : Uses price action analysis to detect legitimate breaks of market structure, ensuring order blocks are identified only at significant market turning points.
Dynamic Block Management : Continuously monitors price interaction with existing blocks, extending, maintaining, or removing them based on current market behavior.
🔥 Key Features
Volume-Based Filtering : Filter out insignificant blocks by requiring a minimum volume threshold, focusing only on zones with likely institutional activity
Visual Block Highlighting : Color-coded boxes clearly mark bullish and bearish order blocks with customizable appearance
Flexible Mitigation Options : Choose between “Wick” or “Close” methods for determining when a block has been tested or mitigated
Scan Range Adjustment : Customize how far back the indicator looks for structure points to adapt to different market conditions and timeframes
Break Source Selection : Configure which price component (close, open, high, low) is used to determine structure breaks for precise block identification
🎨 Visualization
Bullish Order Blocks : Blue-colored rectangles highlighting zones where bullish institutional orders were likely placed before upward moves, representing potential support areas.
Bearish Order Blocks : Red-colored rectangles highlighting zones where bearish institutional orders were likely placed before downward moves, representing potential resistance areas.
Block Extension : Order blocks extend to the right of the chart, providing clear visualization of these significant zones as price continues to develop.
📖 Usage Guidelines
Order Block Settings
Scan Range : Default: 25. Defines how many bars the indicator scans to determine significant structure points for order block identification.
Bull Break Price Source : Default: Close. Determines which price component is used to detect bullish breaks of structure.
Bear Break Price Source : Default: Close. Determines which price component is used to detect bearish breaks of structure.
Visual Settings
Bullish Blocks Color : Default: Blue with 85% transparency. Controls the appearance of bullish order blocks.
Bearish Blocks Color : Default: Red with 85% transparency. Controls the appearance of bearish order blocks.
General Options
Block Mitigation Method : Default: Wick, Options: Wick, Close. Determines how block mitigation is calculated - “Wick” uses high/low values while “Close” uses close values for more conservative mitigation criteria.
Remove Filled Blocks : Default: Disabled. When enabled, order blocks are removed once they’ve been mitigated by price action.
Volume Filter
Volume Filter Enabled : Default: Enabled. When activated, only shows order blocks formed with significant volume relative to recent average.
Volume SMA Period : Default: 15, Range: 1-50. Number of periods used to calculate the average volume baseline.
Min. Volume Ratio : Default: 1.5, Range: 0.5-10.0. Minimum volume ratio compared to average required to display an order block; higher values filter out more blocks.
✅ Best Use Cases
Identifying high-probability support and resistance zones for trade entries and exits
Finding optimal stop-loss placement behind significant order blocks
Detecting potential reversal areas where price may react after extended moves
Confirming breakout trades when price clears major order blocks
Building a comprehensive market structure map for medium to long-term trading decisions
Pinpointing areas where smart money may have positioned before major market moves
⚠️ Limitations
Most effective on higher timeframes (1H and above) where institutional activity is more clearly defined
Can generate multiple signals in choppy market conditions, requiring additional filtering
Volume filtering relies on accurate volume data, which may be less reliable for some securities
Recent market structure changes may invalidate older order blocks not yet automatically removed
Block identification is based on historical price action and may not predict future behavior with certainty
💡 What Makes This Unique
Volume Intelligence : Unlike basic order block indicators, this script incorporates volume analysis to identify only the most significant institutional zones, focusing on quality over quantity.
Structural Precision : Uses sophisticated break of structure algorithms to identify true market turning points, going beyond simple price pattern recognition.
Dynamic Block Management : Implements automatic block tracking, extension, and cleanup to maintain a clean and relevant chart display without manual intervention.
Institutional Focus : Designed specifically to highlight areas where smart money has likely positioned, helping retail traders align with institutional perspectives rather than retail noise.
🔬 How It Works
1. Structure Identification Process :
The indicator continuously scans price action to identify significant swing points and structure levels within the specified range, establishing a foundation for order block recognition.
2. Break Detection :
When price breaks an established structure level (crossing below a significant low for bearish breaks or above a significant high for bullish breaks), the indicator marks this as a potential zone for order block formation.
3. Volume Qualification :
For each potential order block, the algorithm calculates the relative volume compared to the configured period average. Only blocks formed with volume exceeding the minimum ratio threshold are displayed.
4. Block Creation and Management :
Valid order blocks are created, tracked, and managed as price continues to develop. Blocks extend to the right of the chart until they are either mitigated by price action or expire after the designated timeframe.
5. Continuous Monitoring :
The indicator constantly evaluates price interaction with existing blocks, determining when blocks have been tested, mitigated, or invalidated, and updates the visual representation accordingly.
💡 Note:
Order Blocks represent areas where institutional traders have likely established positions and may defend these zones during future price visits. For optimal results, use this indicator in conjunction with other confluent factors such as key support/resistance levels, trendlines, or additional confirmation indicators. The most reliable signals typically occur on higher timeframes where institutional activity is most prominent. Start with the default settings and adjust parameters gradually to match your specific trading instrument and style.
Upside Reversal ScreenerIndicator mainly intended to be used in Pinescript screener to find Upside Reversals - where an instruments drops in price then reverses.
The minimum drop (as % or % of instrument ATR) and minimum recovery (as fraction of drop) can be specified.
When used as an indicator (Set the "Running in Screener" input to False in the settings) an up arrow will show under the days where an upside reversal occurred.
To use in a screener, set it as a favourite indicator, so it will be showin in the PineScript screener.
The indicator publishes the Open, High, Low, Close (or last) prices, % price change, % of drop (from high), the recovery (as % of drop), and if the stock matched the reverse settings.
Custom Volatility Spike DetectorOverview
This custom indicator combines Bollinger Bands (standard deviation) and percentile analysis to statistically detect significant volatility spikes.
When a spike occurs, the background color of the corresponding bar automatically changes, allowing for instant recognition of market turbulence. Additionally, it can be used to draw support and resistance lines, improving entry and exit precision.
Features
✅ High-Precision Spike DetectionUtilizes Bollinger Bands (standard deviation) × percentile analysis to identify only reliable volatility spikes.
✅ Clear Visual AlertsWhen a spike occurs, the background color of the bar changes automatically!It doesn’t clutter the chart, allowing intuitive recognition of anomalies.
✅ Volume Filtering IncludedCuts out noise during low-volume periods, providing reliable signals.
✅ Simple DesignEliminates unnecessary labels and drawings, keeping the chart clean.
How the Indicator Works
1️⃣ Statistical AnalysisCalculates volatility over a specified period using both "standard deviation-based" and "percentile-based" methods to detect anomalies.
2️⃣ Volume FilteringRecognizes a spike only when the current volume exceeds the average or recent peak.
3️⃣ Auto-HighlightingWhen a valid spike occurs, the bar's background color changes automatically, enhancing visibility.
Use Cases
🔹 Identify Market Reversal PointsDetects sharp increases in volatility, spotting potential breakouts and trend reversals.
🔹 Enhance Risk ManagementQuickly recognizes market turbulence, helping to adjust positions and set stop losses.
🔹 Complementary Technical AnalysisCan be combined with other indicators to develop more precise trading strategies.
🔹 Support and Resistance Line AssistanceUses detected spikes as a reference to identify key price levels (support & resistance).
What Makes This Indicator Unique?
🔸 Incorporates a unique volume filter and algorithm in addition to standard volatility analysis, achieving high precision and reliability!🔸 Visually intuitive and capable of responding to market turbulence in real time!
Disclaimer
This indicator does not provide buy/sell signals but serves as a market analysis aid.
It is recommended to validate its effectiveness and use it alongside other analytical methods before applying it.
Use of this indicator is at the user's own risk.
Credit
This script is originally developed by PakunFX and is not a copy of any other indicator.
Summary
This volatility spike detection indicator visually captures market turbulence and helps improve trading accuracy.
🔹 Detect volatility spikes effectively!🔹 Remove noise with volume filtering!🔹 Intuitive and easy-to-use design!
Quarterly Theory ICT 03 [TradingFinder] Precision Swing Points🔵 Introduction
Precision Swing Point (PSP) is a divergence pattern in the closing of candles between two correlated assets, which can indicate a potential trend reversal. This structure appears at market turning points and highlights discrepancies between the price behavior of two related assets.
PSP typically forms in key timeframes such as 5-minute, 15-minute, and 90-minute charts, and is often used in combination with Smart Money Concepts (SMT) to confirm trade entries.
PSP is categorized into Bearish PSP and Bullish PSP :
Bearish PSP : Occurs when an asset breaks its previous high, and its middle candle closes bullish, while the correlated asset closes bearish at the same level. This divergence signals weakness in the uptrend and a potential price reversal downward.
Bullish PSP : Occurs when an asset breaks its previous low, and its middle candle closes bearish, while the correlated asset closes bullish at the same level. This suggests weakness in the downtrend and a potential price increase.
🟣 Trading Strategies Using Precision Swing Point (PSP)
PSP can be integrated into various trading strategies to improve entry accuracy and filter out false signals. One common method is combining PSP with SMT (divergence between correlated assets), where traders identify divergence and enter a trade only after PSP confirms the move.
Additionally, PSP can act as a liquidity gap, meaning that price tends to react to the wick of the PSP candle, making it a favorable entry point with a tight stop-loss and high risk-to-reward ratio. Furthermore, PSP combined with Order Blocks and Fair Value Gaps in higher timeframes allows traders to identify stronger reversal zones.
In lower timeframes, such as 5-minute or 15-minute charts, PSP can serve as a confirmation for more precise entries in the direction of the higher timeframe trend. This is particularly useful in scalping and intraday trading, helping traders execute smarter entries while minimizing unnecessary stop-outs.
🔵 How to Use
PSP is a trading pattern based on divergence in candle closures between two correlated assets. This divergence signals a difference in trend strength and can be used to identify precise market turning points. PSP is divided into Bullish PSP and Bearish PSP, each applicable for long and short trades.
🟣 Bullish PSP
A Bullish PSP forms when, at a market turning point, the middle candle of one asset closes bearish while the correlated asset closes bullish. This discrepancy indicates weakness in the downtrend and a potential price reversal upward.
Traders can use this as a signal for long (buy) trades. The best approach is to wait for price to return to the wick of the PSP candle, as this area typically acts as a liquidity level.
f PSP forms within an Order Block or Fair Value Gap in a higher timeframe, its reliability increases, allowing for entries with tight stop-loss and optimal risk-to-reward ratios.
🟣 Bearish PSP
A Bearish PSP forms when, at a market turning point, the middle candle of one asset closes bullish while the correlated asset closes bearish. This indicates weakness in the uptrend and a potential price decline.
Traders use this pattern to enter short (sell) trades. The best entry occurs when price retests the wick of the PSP candle, as this level often acts as a resistance zone, pushing price lower.
If PSP aligns with a significant liquidity area or Order Block in a higher timeframe, traders can enter with greater confidence and place their stop-loss just above the PSP wick.
Overall, PSP is a highly effective tool for filtering false signals and improving trade entry precision. Combining PSP with SMT, Order Blocks, and Fair Value Gaps across multiple timeframes allows traders to execute higher-accuracy trades with lower risk.
🔵 Settings
Mode :
2 Symbol : Identifies PSP and PCP between two correlated assets.
3 Symbol : Compares three assets to detect more complex divergences and stronger confirmation signals.
Second Symbol : The second asset used in PSP and correlation calculations.
Third Symbol : Used in three-symbol mode for deeper PSP and PCP analysis.
Filter Precision X Point : Enables or disables filtering for more precise PSP and PCP detection. This filter only identifies PSP and PCP when the base asset's candle qualifies as a Pin Bar.
Trend Effect : By changing the Trend Effect status to "Off," all Pin bars, whether bullish or bearish, are displayed regardless of the current market trend. If the status remains "On," only Pin bars in the direction of the main market trend are shown.
Bullish Pin Bar Setting : Using the "Ratio Lower Shadow to Body" and "Ratio Lower Shadow to Higher Shadow" settings, you can customize your bullish Pin bar candles. Larger numbers impose stricter conditions for identifying bullish Pin bars.
Bearish Pin Bar Setting : Using the "Ratio Higher Shadow to Body" and "Ratio Higher Shadow to Lower Shadow" settings, you can customize your bearish Pin bar candles. Larger numbers impose stricter conditions for identifying bearish Pin bars.
🔵 Conclusion
Precision Swing Point (PSP) is a powerful analytical tool in Smart Money trading strategies, helping traders identify precise market turning points by detecting divergences in candle closures between correlated assets. PSP is classified into Bullish PSP and Bearish PSP, each playing a crucial role in detecting trend weaknesses and determining optimal entry points for long and short trades.
Using the PSP wick as a key liquidity level, integrating it with SMT, Order Blocks, and Fair Value Gaps, and analyzing higher timeframes are effective techniques to enhance trade entries. Ultimately, PSP serves as a complementary tool for improving entry accuracy and reducing unnecessary stop-outs, making it a valuable addition to Smart Money trading methodologies.
Uptrick: Time Based ReversionIntroduction
The Uptrick: Time Based Reversion indicator is designed to provide a comprehensive view of market momentum and potential trend shifts by combining multiple moving averages, a streak-based trend analysis system, and adaptive color visualization. It helps traders identify strong trends, spot potential reversals, and make more informed trading decisions.
Purpose
The primary goal of this indicator is to assist traders in distinguishing between sustained market movements and short-lived fluctuations. By evaluating how price behaves relative to its moving averages, and by measuring consecutive streaks above or below these averages, the indicator highlights areas where trends are likely to continue or lose momentum.
Overview
Uptrick: Time Based Reversion calculates one or more moving averages of price data and then tracks the number of consecutive bars (streaks) above or below these averages. This streak-based detection provides insight into whether a trend is gaining strength or nearing a potential reversal point. The indicator offers:
• Multiple moving average types (SMA, EMA, WMA)
• Optional second and third moving average layers for additional smoothing of first moving average
• A streak detection system to quantify trend intensity
• A dynamic color scheme that changes with streak strength
• Optional buy and sell signals for potential trade entries and exits
• A ribbon mode that applies moving averages to Open, High, Low, and Close prices for a more detailed visualization of overall trend alignment
Originality and Uniqueness
Unlike traditional moving average indicators, Uptrick: Time Based Reversion incorporates a streak measurement system to detect trend strength. This approach helps clarify whether a price movement is merely a quick fluctuation or part of a longer-lasting trend. Additionally, the optional ribbon mode extends this logic to Open, High, Low, and Close prices, creating a layered and intuitive visualization that shows complete trend alignment.
Inputs and Features
1. Enable Ribbon Mode
This input lets you activate or deactivate the ribbon display of multiple moving averages. When enabled, the script plots moving averages for the Open, High, Low, and Close prices and uses color fills to show whether these four data points are collectively above or below their respective moving averages.
2. Color Scheme Selection
Users can choose from several predefined color schemes, such as Default, Emerald, Crimson, Sapphire, Gold, Purple, Teal, Orange, Gray, Lime, or Aqua. Each scheme assigns distinct bullish, bearish and neutral colors..
3. Show Buy/Sell Signals
The indicator can display buy or sell signals based on its streak analysis logic. These signals appear as markers on the chart, indicating a “Safe Uptrend” (buy) or “Safe Downtrend” (sell).
4. Moving Average Types and Lengths
• First MA Type and Length: Choose SMA, EMA, or WMA along with a customizable period.
• Second and Third MA Types and Lengths: You can optionally stack additional moving averages for further smoothing, each with its own customizable type and period.
5. Streak Threshold Multiplier
This numeric input determines how strong a streak must be before the script considers it a “safe” trend. A higher multiplier requires a longer or more intense streak for a buy or sell signal.
6. Dynamic Transparency Calculation
The color intensity adapts to the streak’s strength. Longer streaks increase the transparency of the opposing color, making the current dominant color stand out. This feature ensures that a vigorous uptrend or downtrend is visually distinct from short-lived or weaker moves.
7. Ribbon Moving Averages
In ribbon mode, the script calculates moving averages for the Open, High, Low, and Close prices. Each of these is optionally smoothed again if the second and/or third moving average layers are active. The final result is a ribbon of moving averages that helps confirm whether the market is uniformly aligned above or below these key reference points.
Calculation Methodology
1. Initial Moving Average
The script calculates the first moving average (SMA, EMA, or WMA) of the closing price over a user-defined period.
2. Optional Secondary and Tertiary Averages
If selected, the script then applies a second and/or third smoothing step. Each of these steps can be a different type of moving average (SMA, EMA, or WMA) with its own period length.
3. Streak Detection
The indicator counts consecutive bars above or below the smoothed moving average. A running total (streakUp or streakDown) increments with every bar that remains above or below that average.
4. Reversion Intensity
The script compares the current streak value to its own average (calculated over the final chosen period). This ratio determines whether the streak is nearing a likely reversion or is strong enough to continue.
5. Color Assignment and Signals
The indicator calculates color transparency based on streak intensity. Buy and sell signals appear when the streak meets or exceeds the threshold multiplier, indicating a safe uptrend or downtrend.
Color Schemes and Visualization
This indicator offers multiple predefined color sets. Each scheme specifies a unique bullish color, bearish color and neutral color. The script automatically varies transparency to highlight strong trends and fade weaker ones, making it visually clear when a trend is intensifying or losing momentum.
Smoothing Techniques
By allowing up to three layers of moving average smoothing, the indicator accommodates different trading styles. A single layer provides faster reactions to market changes, while more layers reduce noise at the cost of slower responsiveness. Traders can choose the right balance between responsiveness and stability for their strategy, whether it is short-term scalping or long-term trend following.
Why It Combines Specific Smoothing Techniques
The Uptrick: Time Based Reversion indicator strategically combines specific smoothing techniques—SMA, EMA, and WMA—to leverage their complementary strengths. The SMA provides stable and consistent trend identification by equally weighting all data points, while the EMA emphasizes recent price movements, allowing quicker responses to market changes. WMA enhances sensitivity to recent price shifts, which helps in detecting subtle momentum changes early. By integrating these methods in layers, the indicator effectively balances responsiveness with stability, helping traders clearly identify genuine trend changes while filtering out short-term noise and false signals.
Ribbon Mode
If Open, High, Low, and Close prices remain above or below their respective moving averages consistently, the script colors the bars fully bullish or bearish. When the data points are mixed, a neutral color is applied. This mode provides a thorough perspective on whether the entire price range is aligned in one direction or showing conflicting signals.
Summary
Uptrick: Time Based Reversion combines multiple moving averages, streak detection, and dynamic color adjustments to help traders identify significant trends and potential reversal areas. Its flexibility allows it to be used either in a simpler form, with one moving average and streak analysis, or in a more advanced configuration with ribbon mode that charts multiple smoothed averages for a deeper understanding of price alignment. By adapting color intensities based on streak strength and providing optional buy/sell signals, this indicator delivers a clear and flexible tool suited to various trading strategies.
Disclaimer
This indicator is designed as an analysis aid and does not guarantee profitable trades. Past performance does not indicate future success, and market conditions can change unexpectedly. Users are advised to employ proper risk management and thoroughly evaluate trades before taking positions. Use this indicator as part of a broader strategy, not as a sole decision-making tool.
Moving Average Pullback Signals [UAlgo]The "Moving Average Pullback Signals " indicator is designed to identify potential trend continuation or reversal points based on moving average (MA) pullback patterns. This tool combines multiple types of moving averages, customized trend validation parameters, and candlestick wick patterns to provide reliable buy and sell signals. By leveraging several advanced MA methods (such as TEMA, DEMA, ZLSMA, and McGinley-D), this script can adapt to different market conditions, providing traders with flexibility and more precise trend-based entries and exits. The addition of a gradient color-coded moving average line and wick validation logic enables traders to visualize market sentiment and trend strength dynamically.
🔶 Key Features
Multiple Moving Average (MA) Calculation Methods: This indicator offers various MA calculation types, including SMA, EMA, DEMA, TEMA, ZLSMA, and McGinley-D, allowing traders to select the MA that best fits their strategy.
Trend Validation and Pattern Recognition: The indicator includes a customizable trend validation length, ensuring that the trend is consistent before buy/sell signals are generated. The "Trend Pattern Mode" setting provides flexibility between "No Trend in Progress," "Trend Continuation," and "Both," tailoring signals to the trader’s preferred style.
Wick Validation Logic: To enhance the accuracy of entries, this indicator identifies specific wick patterns for bullish or bearish pullbacks, which signal potential trend continuation or reversal. Wick length and validation factor are adjustable to suit various market conditions and timeframes.
Gradient Color-coded MA Line: This feature provides a quick visual cue for trend strength, with color changes reflecting relative highs and lows of the MA, enhancing market sentiment interpretation.
Alerts for Buy and Sell Signals: Alerts are triggered when either a bullish or bearish pullback is detected, allowing traders to receive instant notifications without continuously monitoring the chart.
Visual Labels for Reversal Points: The indicator plots labels ("R") at potential reversal points, with color-coded labels for bullish (green) and bearish (red) pullbacks, highlighting pullback opportunities that align with the trend or reversal potential.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Pivot Point Profile [LuxAlgo]The Pivot Point Profile indicator groups and displays data accumulated from previous pivot points, providing a comprehensive method for prioritizing and displaying areas of interest directly given by swing highs and lows.
Users have access to common settings present in other profile-type indicators.
🔶 USAGE
The Pivot Point Profile is particularly helpful in identifying highly active reversal zones that have been visited multiple times by price. Because of this, we could generally expect these areas to serve as future points of interest, often acting as support or resistance when re-visited.
The profile displays data associated with both Pivot Highs and Pivot Lows. Each row consists of pivot high and pivot low counts side-by-side, forming the total width of the row.
By analyzing the row as a whole, we can gain a better understanding of WHERE to look for interactions.
By analyzing the pivot counts independently, we can gain a better understanding of WHAT to expect when returning to these areas.
For example:
If a row in the profile contains entirely Pivot Lows, this could be seen as an indication to look for buyers to hold that level for a continuation upwards. A break of this level could be interpreted as a lack of interest from previous buyers at this level, indicating a further move down.
🔹 Concentrated Areas
Each row in the profile displays the current count of high pivots and low pivots within the selected lookback. The largest count for each pivot direction is identified as a "Concentrated Area (CA)", these CAs are highlighted over the chart with a line displaying the average of all pivots within that CA. The CA Average is the average of all pivot points (in the majority direction) within the given row.
These can hold more importance as potential support/resistance areas.
Note: The CA Threshold can be manually adjusted to highlight all rows based on a user-selected value.
🔶 DETAILS
🔹 Calculation
The idea behind the Pivot Point Profile is a new analysis method for pivot points, taking the idea of a volume profile and adapting it to display pivot points instead of volume. By using this data, in theory, we should be able to better prioritize zones to anticipate reversals, as well as identify key levels to watch for buyer & seller interactions to use as confirmations in direction.
The (vertical) width of each row is the product of the script's "Row Size", this is the number of rows that the profile will consist of. With a max of 250, the profile can be decently granular. That being said, A more granular profile will have fewer overlapping pivot points. By decreasing the row size (Using fewer rows in the profile) you will increase the tolerance for grouping pivot points. Potentially leading to a more comprehensive Profile. Inversely, By reducing the tolerance for grouping, you will better visualize only similar highs and lows but may have noisier data to sift through.
The Profile is calculated based on a "Lookback" parameter, using only the lookback amount of previous high and low pivots to calculate the profile. Configuring this parameter alongside "Pivot Length", will allow for great control over the frame of reference of the profile.
Note: This indicator is capable of utilizing the full chart history of pivot points, this can be done by enabling the "Use Full Chart History" setting, this will cause the script will calculate from everything it has access to on your current chart.
🔹 Display
The Pivot Point Profile display can be customized to fit a various range of chart styles and visual needs. The specific settings to adjust these can be located in the "Profile Display" Section of the User Inputs.
Profile Width: Sets the Left to Right Width of the Profile. This is the maximum width that the profile will occupy and will scale to fit within this width.
Profile Offset: Sets the distance of the Profile's Axis from the current chart candle. This moves the entire profile left and right to enable to user to set the distance between the profile and the current candle.
Direction: Changes the display direction of the profile, allowing for "Left", "Right", or "Center" display styles.
🔶 SETTINGS
🔹 Pivot Point Parameters
Pivot Type: Choose between "Fractal Pivots" or "SMC Structure" to use as the basis for pivots.
Length: Sets the length for the pivot calculations.
🔹 Profile Calculations Parameters
Lookback: Sets the number of pivots to calculate within, in increments of high and low pairs. (Setting this to 1 = 1 Pivot High & 1 Pivot Low)
Use Full Chart History: Disregards the set lookback and instead uses all available chart data to calculate from.
Row Size: Sets the total number of rows to calculate the profile with.
🔹 Profile Display
Profile Width: Sets the max left & right width (in bars) that the profile will occupy.
Profile Offset: Sets the distance of the profile axis from the last chart bar.
Direction: Sets the display direction
🔹 Concentrated Areas
Highlight CAs: Extends the rows left from concentrated areas.
CA Threshold: Manually set the threshold for determining concentrated areas, when disabled, only the largest rows will be displayed.
CA Averages: Toggles the concentrated area averages for each pivot direction.
Note: CA Averages can be displayed independently without CA Highlights being displayed, and vice versa.
CryptoSea Premium IndicatorCryptoSea Premium Indicator: Enhanced Trading Precision through Advanced Integration
The CryptoSea Premium Indicator is designed to equip traders with a sophisticated tool that synthesizes traditional and modern analytical methods. By integrating proven technical tools with custom enhancements, it aims to provide a deeper, more actionable insight into market dynamics, enhancing the analysis and decision-making process for traders.
Integration and Unique Features:
Support and Resistance Dynamics: Leveraging a blend of standard deviation and moving averages akin to the methodology of Bollinger Bands, this feature dynamically identifies potential market pivot points. It calculates these points based on historical price volatility, which serves as a probabilistic guide to potential price movements, rather than a definitive prediction.
Trend Reversals and Continuations: This function integrates the Relative Strength Index (RSI) with a custom-tailored trend filter that employs shorter cycle moving averages to refine the traditional use of RSI. This enhancement is designed to pinpoint more accurate entry and exit points during trend phases by filtering out market noise and focusing on significant movements, though it does not ensure the avoidance of all false signals.
Smart Trail Closure and New Trends: Utilizing the Average True Range (ATR), this advanced feature dynamically adjusts stop-loss settings according to changes in market volatility. This adaptation seeks to better align stop-loss orders with current market realities, helping to protect against sudden market shifts while allowing traders to capitalize on new trends as they emerge.
Ranging Signals: By employing dual moving averages that calculate the upper and lower bounds of price movements, this feature refines the approach to range-bound trading. It uses statistical measures to adjust these bands in real-time based on the latest market data, enhancing traders' ability to make informed decisions during lateral market movements.
Dynamic Candles: This feature colors candles based on a complex algorithm that assesses immediate price action within the context of longer-term trends. This visual tool aims to simplify market sentiment analysis by providing intuitive color-coded feedback on the prevailing market conditions, thereby assisting traders in quickly assessing the market environment.
Scalping Signals: Generated by a high-frequency trading algorithm that scrutinizes short-term price fluctuations, these signals are designed to aid traders in making swift, informed trading decisions in fast-paced market conditions. They optimize the identification of micro-trends and potential reversal points essential for scalping strategies, though they do not guarantee success in every trade.
Originality and Practical Application:
Each component of the CryptoSea Premium Indicator is carefully selected and integrated to offer a tool that enhances more than the sum of its parts. This integration provides a comprehensive and nuanced view of the market, aiding traders in navigating complex market dynamics more effectively than traditional, single-function indicators.
Disclaimer and Usage Tips:
Trading involves risks. The CryptoSea Premium Indicator should be used as one of several tools in a comprehensive trading strategy. It is intended to supplement, not replace, thorough market analysis and personal due diligence. Past performance is not indicative of future results, and no claims are made regarding the guaranteed accuracy of provided signals.
Vortex [GOODY]The "Vortex " indicator introduces a novel approach to trend, enhancing the traditional Vortex Indicator (VI) by integrating a dynamic trend direction line, customizable trend exhaustion alerts, and improved visual clarity with additional features to aid in identifying not just the trend's direction but also its sustainability.
Key Features:
• Enhanced Trend Direction Line: Beyond the standard VI+ and VI- calculations, our indicator plots a trend direction line that averages these values, offering a clear visual cue of the market's overall direction. This line's color adapts based on the trend's strength and potential exhaustion, providing immediate insight into market sentiment.
• Customizable Trend Exhaustion Level: With the user-defined viExhaustionLevel, traders can set their thresholds for what they consider to be an overextended trend, adding a strategic layer to their analysis. This feature aims to signal when a trend might be reaching a point of reversal or slowdown, offering an opportunity for preemptive strategy adjustment.
• Trend Signal Alerts: Automated alert conditions for uptrend and downtrend signals facilitate timely decision-making. Traders can configure alerts to notify them of significant crossovers in VI+ and VI-, ensuring they don't miss critical market movements.
• User-friendly Interface: The option to toggle the trend direction line on or off caters to diverse analysis preferences, ensuring that the chart remains as streamlined or detailed as the user desires.
• Visual Enhancements: Background color coding and horizontal reference lines improve the indicator's usability, making it easier for traders to interpret the data at a glance.
Practical Applications:
• Trend Following: Ideal for traders who specialize in trend-following strategies, providing early signals of trend formation and potential exhaustion.
• Risk Management: By identifying potential trend reversals, traders can make informed decisions about entry and exit points, improving their risk management.
• Market Analysis: Offers a comprehensive overview of market dynamics, aiding in the analysis of various assets across timeframes.
Dark Cloud [TradingFinder] Piercing Line Reversal chart Pattern
🔵 Introduction
"Reversal candlestick patterns" are among the Japanese candlestick patterns considered as alerts for a potential change in the current price trend. It is often assumed that by identifying reversal candlestick patterns, the price trend will definitely change, either from bullish to bearish or from bearish to bullish. However, this claim is not entirely accurate, and a change in price trend does not always mean a reversal.
Nonetheless, the importance of reversal candlestick patterns remains significant. By recognizing these patterns, you can better predict changes in the trend with higher probability and make better trading decisions.
🔵 Dark Cloud
The "Dark Cloud" pattern occurs when, after an upward trend, buyers continue to drive the price up in the first candle. However, in the next candle, with sellers entering and increasing selling pressure, the price starts to decrease compared to the close of the previous candle.
This price decrease is significant enough that in the last candle, the price goes lower than the open of the previous candle, serving as a warning sign for a potential change in price trend.
The fundamental principles for the formation of the "Dark Cloud" pattern include :
1.Two candles consisting of a positive candle (first candle) and a negative candle (second candle) whose main body should be above the halfway point of the first candle's main body but does not completely cover it.
2.The color of the main body of the second candle should be opposite to the color of the main body of the first candle.
Factors affecting the strength of the "Dark Cloud" pattern include :
1.The length of the bodies of both candles, especially the second candle, which increases the strength of the pattern.
2.The gap between the two bodies can also indicate the strength of the pattern.
3.The absence of a lower shadow in the second candle also indicates the strength of the pattern.
4.If the pattern forms in a price resistance range, it has more strength.
🔵 Piercing Line
The "Piercing Line" pattern occurs when, after a downward trend, sellers decrease the price by offering their shares on the first day. However, on the next day, with buyers entering and increasing demand, the price starts to increase compared to the close of the previous day.
This increase is significant enough that in the last candle, the price goes higher than the open of the previous day, serving as a warning sign for a reversal in the price trend. Overall, this pattern is the opposite of the "Dark Cloud" pattern and occurs under a bearish trend.
The fundamental principles for the formation of the "Piercing Line" pattern include :
1.Two candles consisting of a negative candle (first candle) and a positive candle (second candle) whose main body should be above the halfway point of the first candle's main body but does not completely cover it.
2.The color of the main body of the second candle should be opposite to the color of the main body of the first candle.
Factors affecting the strength of the "Piercing Line" pattern include :
1.The length of the bodies of both candles, especially the second candle, which increases the strength of the pattern.
2.The gap between the two bodies can also indicate the strength of the pattern.
3.The absence of an upper shadow in the second candle also indicates the strength of the pattern.
4.If the pattern forms in a price support range, it has more strength.
🔵 How to Use
The "green circle" symbol corresponds to the "Strong Piercing Line" signal, the "blue triangle" symbol corresponds to the "Weak Piercing Line" signal, the "red circle" symbol corresponds to the "Strong Dark Cloud" signal, and the "red triangle" symbol corresponds to the "Weak Dark Cloud" signal.
🔵 Setting
Using the "Show Dark Cloud" and "Show Piercing Line" buttons, you can enable or disable the display of Dark Cloud and Piercing Line.
Normalised Gaussian MACD Heikin Ashi [AlgoAlpha]🌟🚀Introducing the Normalised Gaussian MACD Heikin Ashi by AlgoAlpha !
Elevate your trading game with this multipurpose indicator, crafted to pinpoint trend continuation opportunities while highlighting volatility and oversold/overbought conditions. Whether you're embarking on your trading journey or you're a seasoned market navigator, this tool is equipped with intuitive visual cues to amplify your decision-making prowess and enrich your market analysis toolkit. Let's dive into the key features, utilization strategies, and the innovative logic underpinning this indispensable trading asset.
Key Features:
🔧 Enhanced Customization : Tailor your experience with adjustable parameters including Fast Length, Slow Length, Source, Macd Smoothing Length, Signal Smoothing, and more.
🖌️ Visual Enhancements : Opt for Heikin Ashi Candles display and choose to show or hide MACD and Signal lines for a clutter-free chart.
🌈 Color Customization : Personalize your chart with selectable primary and secondary up and down colors to suit your visual preferences.
🔔 Advanced Alert System : Stay ahead with comprehensive alert conditions for market movements, including trend reversals, bullish and bearish swings.
How to Use:
Configure the Inputs : Start by customizing the indicator’s settings to match your trading style. Adjust the length parameters, source selection, and smoothing lengths to fine-tune the indicator’s sensitivity.
Interpret the Candles and Colors : Keep an eye on the Heikin Ashi Candles (if enabled) and the color shifts within the MACD Line Candles and Histogram. These visual cues are pivotal for identifying market trends.
Analyze with Flexibility : Make use of the option to display or hide the MACD and Signal lines based on your analysis requirements. This can help in focusing on the essential information without overcrowding your chart.
Utilize Alerts for Timely Decisions : Leverage the extensive alert system to get notified about potential market movements. These alerts can help you capture the right moment to enter or exit trades.
Basic Logic:
The Normalised Gaussian MACD Heikin Ashi by AlgoAlpha integrates Gaussian filters to elevate the traditional MACD indicator's efficiency, providing a more detailed analysis of market trends and momentum. This sophisticated approach reduces noise and enhances signal speed, which is crucial for identifying momentum trading opportunities.
Gaussian Filter Implementation : The core innovation lies in applying a Gaussian filter to the input price series. This mathematical technique smooths the price data, significantly reducing market noise and making trend signals clearer and more reliable. The Gaussian filter calculates a smoothed value for each data point by weighting nearby data points, with the weights decreasing as the distance from the current data point increases.
Refined MACD Calculation : The Gaussian MACD is derived from the difference between two Gaussian smoothed moving averages (fast and slow), which are then normalized to account for market volatility. This normalization process involves dividing the difference by a measure of market range (such as the high minus the low), and multiplying by a factor (usually 100) to scale the indicator appropriately.
🔑 This script is a versatile tool designed to aid in the identification of momentum and reversals, helping traders to make informed decisions based on technical analysis. Its customization options allow for a tailored analysis experience, fitting the unique needs and strategies of each trader.
K's Reversal Indicator IIK’s Reversal Indicator II uses a moving average timing technique to deliver its signals. The method of calculation is as follows:
* Calculate a moving average (by default, a 13-period moving average).
* Calculate the number of times where the market is above its moving average. Whenever that number hits 21, a bearish signal is generated, and whenever that number if zero, a bullish signal is generated.
The indicator signals short-term to mid-term reversals as a mean-reversion move.
Japanese Candlestick Patterns💡 Japanese Candlesticks are a visual representation of price movements in financial markets. They were first developed by Japanese rice traders in the 18th century to analyze the price of rice contracts, and have since been adopted by traders across the world for a wide range of assets.
📌 A candlestick is composed of a rectangular body and two thin lines, known as wicks, that extend from the top and bottom of the body. The body represents the difference between the opening and closing prices of the asset during a specific time period, while the wicks indicate the high and low prices reached during that period.
📌 By using these and other candlestick patterns, traders can identify potential buying and selling opportunities and manage their risk accordingly. However, it's important to note that candlestick patterns should be used in conjunction with other technical and fundamental analysis tools to make well-informed trading decisions.
📌 Candlestick patterns are particularly useful because they are based on price action rather than external factors such as news or economic data. This makes them useful for traders who employ technical analysis, as they can use candlestick patterns to identify potential trading opportunities and manage their risk accordingly.
🚀 Candlesticks can be used to identify market trends, as well as potential buying and selling opportunities. By analyzing the patterns formed by multiple candlesticks, traders can gain insights into the behavior of the market and make informed trading decisions. Overall, Japanese Candlesticks are a powerful tool for technical analysis that can provide valuable insights into financial markets.
🔍 THE PATTERNS THAT ARE RECOGNIZED:
🔄 Reversal Patterns
* Counterattack Lines
* Dark-Cloud Cover
* Engulfing ( Bearish / Bullish )
* Hammer
* Hanging Man
* Harami ( Bearish / Bullish )
* In Neck
* On Neck
* Piercing
* Three Black Crows
* Thrusting
* Upside Gap Two Crows
⭐️ Stars
* Abandoned Baby
* Evening star
* Inverted Hammer
* Morning Star
* Shooting Star
🎯 Doji
* Doji
* Dragonfly Doji
* Evening Doji Star
* Gravestone Doji
* Long Legged Doji
* Morning Doji Star
🔥 Continuation Patterns
* Falling Three Methods
* Rising Three Methods
* Tasuki ( Upside / Downside )
🥊 Utility
* Long Lower Shadow
* Long Upper Shadow
❤️ Please, support the work with like & comment! ❤️
[UPRIGHT Trading] Academy of Forex - Scalp Strategy█ OVERVIEW
This is a collaboration of efforts of The Academy of Forex and UPRIGHT Trading .
The Academy of Forex - Scalp Strategy Indicator is a clean & reimagined lower indicator. To enable optimization & potential automation, we re-coded & optimized it at UPRIGHT Trading.
It is based on the one presented on its YT channel.
The idea is for it to be an easy to use - simple indicator - that works not just for confirmation, but also entering and exiting quickly (scalping).
█ CONCEPTS
The idea is that %B (derived from BBs) is able to pick up some pretty significant moves. With that as one of the bases the Inverse Fisher Transform (Ribbon) acts to show some of the movement of the asset highlighting when it at extremes. The RSI highlights are there as another confirmation to help normalize the sometimes too frequent movement of %B.
As expected the indicator often acts as a reversal indicator, but with the optimizations of logic it's able to pick up more than just the reversals and works as a pretty decent Buy/Sell Algorithm.
█ CALCULATIONS
Calculations used included, but not limited to:
- %B - Quantifies the price as a percentage to the Upper and Lower Band of the Popular Bollinger Bands, which were named after their inventor John Bollinger in 1980.
- Inverse Fisher Transform RSI - is a variation of the IFT, created by John Ehlers, the idea is for the IFT to convert Gaussian normal distribution and to take it a step further the RSI version is to just use overbought and oversold placements. This indicator is meant to highlight when price has moved to an extreme and in this process helps to spot turning points.
- Relative Strength Index (RSI) - As most of you know already the RSI is a technical analysis tool invented by J. Welles Wilder, that oscillates and is used to measure the momentum of price changes. It normalizes to index 0-100 with overbought and oversold defined by the user, but often around 70 as overbought and 30 as oversold.
- Pivot/Swing Points - Implemented to show recent Higher-Highs or Lower-Lows, Pivot points are included in the indicator for structure tracking.
- Moving Averages - Moving averages help to get an idea of when price is moving near the norm or outside to extremes.
█ FEATURES
Indicator Features:
-2 Buy/Sell Signals.
-U Signals (UPRIGHT optimized).
-Exit Reminders.
-Alerts allowing Automation of Scalp Strategy.
-H/L Swings.
-Color Customization.
-Clean Mode.
-Inverse Fisher Transform Ribbon.
-RSI Bullish/Bearish Highlights.
-Options for More Signals (including: Oversold/Overbought Circles, %B Bull/Bear Squares and Triangles, and IFT Highlights).
Showing some of the signals close up.
Should look like this:
Enjoy!
Sincerely,
Mike
Akamai Reversal (Repaint's)The indicator is called "Akamai Reversal (Repaint's)" and is designed to be overlaid on the price chart. It uses three exponential moving averages (EMAs) with lengths of 9, 14, and 21 respectively, referred to as Superfast, Fast, and Slow. The indicator generates buy signals when the Superfast EMA is above the Fast EMA, the Fast EMA is above the Slow EMA, and the lowest price in the previous bar is above the Superfast EMA. It generates sell signals when the Superfast EMA is below the Fast EMA, the Fast EMA is below the Slow EMA, and the highest price in the previous bar is below the Superfast EMA. The indicator calculates and tracks bullish and bearish momentum based on the buy and sell signals. It uses a ZigZag indicator to identify price reversals based on either a percentage or absolute amount specified by the user. The indicator calculates the Average True Range (ATR) and uses it to determine the reversal amount. It tracks the state of the price trend (uptrend or downtrend) and identifies high and low points in the trend. The indicator includes options to display bubbles with information such as price changes, price levels, and bar counts associated with trend changes.
Dynamic Fusion Oscillator (DFO)The Dynamic Fusion Oscillator (DFO) is a uniquely crafted trading indicator that amalgamates the power of the Relative Strength Index (RSI) and the Stochastic Oscillator into a single, comprehensive tool. It provides traders with a more nuanced analysis of market momentum and overbought or oversold conditions. The DFO's distinctiveness lies in its ability to leverage the strengths of both RSI and Stochastic Oscillator, offering a more robust reading of market conditions. Moreover, it does so by offering a weighted approach, which combines the standardized values of both indicators. This flexibility in adjusting the weight of each component enhances its adaptability to different market scenarios, making it a versatile tool in a trader's arsenal. The following sections will delve into the intricacies of the DFO, demonstrating its advantages, usage, and applicability across various market conditions.
Differences from Existing Scripts:
The Dynamic Fusion Oscillator (DFO) is unique from other trading indicators as it combines the strengths of two popular technical analysis tools: the Relative Strength Index (RSI) and the Stochastic Oscillator. This fusion results in a dynamic, weighted oscillator that provides a more comprehensive view of the market's momentum and overbought or oversold conditions.
Usage and Market Conditions:
DFO can be used across different markets, including stocks, forex, commodities, and cryptocurrencies. It is designed to perform well in varying market conditions - trending or ranging. However, like any other technical indicator, it is advised to use it in conjunction with other technical analysis tools and not rely solely on it for making trading decisions.
Importance of Combining RSI and Stochastic Oscillator:
The RSI and Stochastic Oscillator are both momentum indicators, but they have their individual strengths and weaknesses. The RSI excels at identifying overbought and oversold conditions, while the Stochastic Oscillator is adept at predicting price reversals. By combining these two into a single oscillator, we can benefit from the strengths of both while minimizing their weaknesses. This fusion results in a more robust indicator that offers better signal quality and reliability.
Input Explanations:
RSI Length : This determines the number of periods used to calculate the RSI. A smaller value will make the RSI more sensitive to price changes, while a larger value will smooth out the RSI line.
Stochastic Length, Smooth K, Smooth D : These are parameters for calculating the Stochastic Oscillator. Length is the observation period, Smooth K is the smoothing factor for the %K line, and Smooth D is the smoothing factor for the %D line.
RSI Weight, Stochastic Weight : These determine the weights of the RSI and the Stochastic Oscillator in the final calculation. Increasing the weight of one will make the oscillator more sensitive to that component.
Standardization Length : This is the number of periods used to calculate the moving average and standard deviation for standardization purposes.
MA Length : This determines the number of periods used to calculate the moving average of the oscillator.
Upper Band Value, Lower Band Value : These set the maximum and minimum values for the oscillator. Signals are generated when the oscillator crosses these thresholds.
Number of periods above the band for alert condition : This sets the number of periods the oscillator stays above the band to trigger an alert.
Alert Conditions:
Alerts are generated under the following conditions:
Bullish Signal : An alert is generated when the Moving Average (MA) crosses above the Oscillator. This can be seen as a potential bullish signal indicating an upward price trend.
Bearish Signal : An alert is generated when the MA crosses below the Oscillator. This can be seen as a potential bearish signal indicating a downward price trend.
Oscillator above/below upper/lower band : Alerts are also generated when the oscillator has been above the upper band or below the lower band for a specified number of periods. This could signal overbought or oversold conditions, respectively. These signals can help traders identify potential reversal points in the market.
These alerts can help traders by providing timely signals for potential trading opportunities. However, they should be used as part of a comprehensive trading strategy that also takes into account other technical and fundamental factors.
Momentum Reversal [AngelAlgo]The Momentum Reversal Indicator is a technical analysis tool used to identify potential reversals and trends in financial markets. It does this by comparing the momentum of a market to its trend. The momentum is calculated by measuring the change in price over a specified time interval set by the "Period" input. The trend is then determined as the simple moving average of the momentum, with the length of the moving average determined by the "Trend length" input. When the momentum deviates significantly from the trend, it is considered a potential reversal signal. The user can choose to receive signals based on either "Contrarian" or "Trend" signals type, and also has the option to smooth the signals using the Hull Moving Average. The indicator is plotted as a histogram with trading signals indicated by triangle shapes (up for buys, down for sells). The histogram is also accompanied by a smoothed line representation of the indicator and dynamic threshold levels.
The color of the histogram bars is green if the momentum is positive, red if it's negative. The histogram can be smoothed using the Hull Moving Average (HMA) if the "Smoothed signals" input is set to true.
The indicator also plots the threshold levels, which are dynamically calculated as the simple moving average (SMA) of the absolute value of the histogram. The threshold levels are plotted as circles on the chart.
The signals are plotted as arrows on the chart, either triangle-up for buy signals, or triangle-down for sell signals. If "Contrarian" signals are selected, a triangle-up will appear when the histogram crosses below the lower threshold, and a triangle-down will appear when it crosses above the upper threshold. If "Trend" signals are selected, a triangle-up will appear when the histogram crosses above the upper threshold, and a triangle-down will appear when it crosses below the lower threshold. Trend signals work for trending markets, Contrarian signals are good for ranging markets.
SETTINGS
Period: This input allows you to set the period for the momentum calculation. The default value is 14.
Trend length: This input allows you to set the length of the trend-following moving average. The default value is 50.
Signals type : This input allows you to choose the type of signals you want to receive. You can choose between "Contrarian" and "Trend" signals. The default value is "Contrarian".
Smoothed signals: This input allows you to choose between the raw or smoothed signals. If set to true, the signals will be based on the smoothed histogram line, otherwise, they will be based on the raw histogram. The default value is true.
