Dual EMA Proportion Variance | JeffreyTimmermansDual EMA Proportion Variance
The "Dual EMA Proportion Variance" Indicator provides a robust way to analyze price trends, volatility, and momentum using dual EMA calculations combined with percentile-based thresholds. This approach enables traders to identify significant bullish and bearish trends while incorporating smoothing and tailoring options for better adaptability.
Key Features
Dual EMA with Proportion Variance
DEMA Calculation: Computes the Dual Exponential Moving Average (DEMA) based on a user-defined length and source.
Proportion Thresholds: Uses percentile-based thresholds (e.g., 60/45, 60/40, 55/45, or 55/40) to determine upper and lower bounds for trend detection. Percentile thresholds help identify key levels of market behavior based on historical data.
Momentum and Volatility Analysis
Momentum Calculation: Computes momentum based on proximity to percentile levels, smoothed using a simple moving average (SMA) if enabled.
Volatility Incorporation: Uses the standard deviation (SD) of the lower percentile (PerDown) to define additional levels of significance.
Smoothing and Trend Calculation
Smoothing Options: Enables optional smoothing for momentum and trend values, helping reduce noise.
EMA Confluence: Adds an additional EMA overlay to enhance the trend confirmation process.
Customizable Visuals
Background Coloring: Dynamically changes the background color based on trend direction (bullish or bearish).
Momentum Plotting: Displays smoothed momentum and EMA confluence lines on the chart, with clear visual differentiation.
Alerts
Bullish Signal: Triggers when the trend transitions from neutral or bearish to bullish.
Bearish Signal: Triggers when the trend transitions from neutral or bullish to bearish.
Inputs Overview
DEMA Inputs
Length (DemaLen): Defines the length of the Dual EMA calculation.
Source (DemaSrc): Allows selection of price data (e.g., high, low, close) for the DEMA computation.
Proportion Settings
Proportion Length (PerLen): Defines the lookback period for percentile calculations.
Proportion Type (pertype): Choose from predefined combinations (e.g., 60/45, 60/40) to customize thresholds.
Smoothing Options
Enable Smoothing (UseSmoothing): Toggle to enable or disable smoothing.
Smoothing Length (SmoothingLen): Specifies the lookback period for smoothing.
Standard Deviation
Length (SDlen): Length of the lookback period used to calculate the standard deviation.
Tailoring
Bullish/Bearish Colors (ColUp/ColDown): Customizable colors for bullish and bearish trends.
Background Colors (ShowBGCol): Toggle to enable or disable background coloring.
Momentum Plot (PlotMomentum): Toggle to show or hide the momentum plot.
EMA Confluence
Enable Extra EMA (IncludeEma): Adds an additional EMA layer for trend confirmation.
Length (EmaLen): Defines the length of the EMA.
Indicator Behavior
Trend Detection
Bullish Trend: When the smoothed momentum (smoothedPT) is above zero and higher than the EMA (if enabled).
Bearish Trend: When the smoothed momentum is below zero and lower than the EMA (if enabled).
Signal Generation
Bullish Signal: Triggered on a crossover of smoothedTrend from negative to positive.
Bearish Signal: Triggered on a crossunder of smoothedTrend from positive to negative.
Customizations
Percentile Adjustments: Choose from various proportion thresholds to suit specific market conditions.
Smoothing Options: Fine-tune the level of noise reduction by adjusting smoothing parameters.
Visual Tailoring: Customize chart visuals, including colors, momentum plots, and background highlights.
EMA Inclusion: Optionally enable the extra EMA for more conservative trend confirmation.
Use Cases
Momentum Trading: Identify bullish or bearish momentum shifts based on percentile levels.
Volatility Assessment: Incorporate standard deviation levels to evaluate price volatility.
Trend Following: Align trades with dominant market trends using percentile thresholds and EMA confirmation.
Alerts for Automation: Set alerts for real-time notifications of potential trade opportunities.
This indicator provides flexibility and precision, making it suitable for a variety of trading styles, including trend following, swing trading, and momentum-based strategies.
This script is inspired by "Patito_1" . However, it is more advanced and includes additional features and options.
-Jeffrey
Pesquisar nos scripts por "swing trading"
Volumetric Price Delivery Bias Pro @MaxMaserati🚀 Volumetric Price Delivery Bias Pro @MaxMaserati
Description:
The Volumetric Price Delivery Bias Pro is an advanced trading indicator designed to provide clear insights into market trends, reversals, and continuations. Leveraging a combination of price action and volume analysis, it highlights critical support and resistance zones with unparalleled precision. It is a perfect blend of price action and volume intelligence.
🚀 Key Features:
Dynamic Price Analysis:
Detects key price turning points using fractal analysis.
Differentiates between bullish and bearish delivery signals for clear trend direction.
Support & Resistance Visualization:
Defense Lines: Pinpoint levels where buyers or sellers defend positions.
Zone Boxes: Highlight support/resistance areas with adjustable thresholds for precision.
Volume-Driven Confirmation:
Combines volume data to validate price levels.
Visualizes strength through dynamic box size and intensity.
⚡ Signals Explained
CDL (Change of Delivery Long): Indicates a bullish trend reversal.
CDS (Change of Delivery Short): Indicates a bearish trend reversal.
LD (Long Delivery): Confirms bullish trend continuation.
SD (Short Delivery): Confirms bearish trend continuation.
📊 Volume Strength Explained:
Volume strength = Current level volume ÷ (Average volume × Threshold).
Higher strength (above 100%) indicates stronger confirmation of support/resistance.
Boxes and lines dynamically adjust size and color to reflect strength.
🎯 Who Is It For?
This tool is ideal for scalpers, intraday traders, and swing traders who want to align their strategies with real market dynamics.
Scalpers: Identify quick reversals with shorter fractal lengths.
Intraday Traders: Spot balanced trends and continuations.
Swing Traders: Capture major market moves with higher confidence.
What to Do When Volume Strength Is Above 100%
Bullish Scenarios:
High volume at a support zone or during an upward move confirms strong buying interest.
Use it as confirmation for bullish setups.
Bearish Scenarios:
High volume at a resistance zone or during a downward move confirms strong selling pressure.
Use it as confirmation for bearish setups.
Range Markets:
High volume near range edges signals potential reversals or breakouts.
Observe price behavior to identify the likely scenario.
Breakouts:
High volume at key levels confirms the strength of a breakout.
Monitor for continuation in the breakout direction.
General Tip:
Combine high volume signals with other indicators or patterns for stronger confirmation.
🛠️ Customization Options
Configure fractal lengths, volume thresholds, and visual styles for optimal adaptability to scalping, intraday, or swing trading strategies.
Adjustable table display to track delivery bias, counts, and the latest signal.
📢 Alerts and Visuals:
Real-time alerts ensure you never miss critical signals.
Labels and lines mark CDL, CDS, LD, and SD levels for easy chart interpretation.
[volfgang] Pivot Levels (Open, Close, High, Low)This script provides a clear and consistent way to track key price levels from Weekly and Daily bars, directly on your current chart interval.
The default colours are;
Today & This Week Open = White
Yesterday & Previous Week Open = Cream
Yesterday's High = Red
Yesterday's Low = Green
Weekly Pivots are 2px, and Daily Pivots are 1px.
Instead of requiring manual referencing of daily or weekly charts, these significant levels are automatically drawn and updated in real time, extending to the right as new bars form.
It adds value by helping traders quickly identify potential support/resistance zones and compare intraday price action with higher-timeframe pivots. This approach can aid in scalping, day trading, or swing trading strategies that rely on past price levels for trade entries, exits, or stop loss placement.
Daily Pivots Displayed Intraday
The script imports the previous day’s High, Low, Open, and Close and draws lines on the current chart, so you can see exactly where those levels lie on any intraday timeframe. You can easily change the colour of these lines in the menu.
Instead of switching between multiple charts for daily references, you can keep an intraday chart open and still watch how price behaves around these important daily pivots.
Weekly Pivots for Broader Context
In addition to daily levels, it also shows the previous week’s Open and Close. This feature helps traders who want to maintain a broader perspective and gauge the market’s weekly trend or bias while remaining on lower timeframes.
Automatic Line & Label Management
Each new trading day triggers a “session change” in the code, prompting the script to delete old lines and labels for daily levels. This keeps your chart from getting cluttered with outdated lines.
Weekly lines and labels follow the same approach, ensuring only the most recent weekly levels are highlighted.
Real-Time Extension
Lines are continuously extended to the right as new bars print, ensuring that you always have an updated view of your key price levels without any manual adjustments.
On the last bar, the script shifts to a time-based coordinate system for seamless visual extension.
Minimal Recalculation
This script uses security() calls in a carefully optimized way to reduce unnecessary recalculations and avoid repaint issues. By referencing open , close , etc., the lines remain fixed once the daily (or weekly) candle is confirmed.
Flexible Usage
You can apply this script to any symbol on TradingView. It’s especially beneficial for Forex pairs, indices, futures, or cryptocurrencies where you want to track significant past levels.
If you’re a scalper looking for areas of likely reaction, or a swing trader watching weekly opens for trend confirmation, these levels can be integral to your technical approach.
How to Use
Add to Chart: Click the “Add to Favorite Indicators” or “Apply to Chart” button once published.
Enable or Disable Previous Day Bars: Use the script’s input to toggle the display of previous day’s High, Low, Open, and Close lines if you only want weekly lines (or vice versa).
Customize Visuals: You can change line colors, width, and label text in the “Style” or “Inputs” tab. Adjust them to fit your preferred color scheme.
Interpretation:
Daily levels typically carry relevance for the next trading session. They can be used for intraday support/resistance, breakout checks, or gap fills.
Weekly levels help identify more prominent zones for bigger moves or for understanding overall sentiment from the prior week.
Conceptual Underpinnings
Support/Resistance: Past opens/closes often act as support or resistance because they represent important points of reference (where trading started or ended during a prior session).
Market Psychology: Many traders watch daily or weekly closes to gauge momentum and bias, which can become self-fulfilling as more participants join around those levels.
Improved Situational Awareness: By having these levels automatically drawn and updated, traders avoid missing critical areas where price may pivot.
This script is intentionally open-source to help traders study and personalize it.
By merging daily and weekly pivot concepts in a single script, it provides a convenient and efficient tool—rather than a simple mashup, it unifies two timeframes that are crucial in short-term and medium-term trading decisions.
Remember that these levels alone do not constitute a complete trading system; they are best used as part of a broader strategy involving risk management, additional technical signals, and market context.
Pivot Points High Low - JVersion**Indicator Name**: Pivot Points High Low (Without Price Labels)
**Overview**
The Pivot Points High Low indicator is designed to identify and mark local highs and lows (or “pivot” points) on a price chart. Unlike other pivot-based indicators that label each pivot with its exact price, this version displays only small circular markers—removing clutter and focusing attention on the pivot locations themselves.
**Key Features**
1. **Pivot Detection**
- The script uses TradingView’s built-in `ta.pivothigh()` and `ta.pivotlow()` functions to determine when the market has formed a pivot high or pivot low.
- You can define how many bars to the left and right are required to confirm a pivot, helping you tailor the indicator to different market conditions and timeframes.
2. **Clean Markers**
- Each confirmed pivot high or low is represented by a circle placed precisely on the candle where the pivot is detected.
- No numeric labels are shown, keeping your chart visually uncluttered while still highlighting important turning points in price.
3. **Customization**
- **Left/Right Pivot Length**: Choose how many bars to the left and right must be lower (for highs) or higher (for lows) to validate a pivot. Larger values mean fewer but more significant pivots; smaller values mean more frequent pivots.
- **Marker Colors**: Independently customize the colors of the high-marker circles and low-marker circles to easily distinguish between local tops and bottoms.
4. **Usage and Interpretation**
- **Identifying Reversals**: As soon as a circle appears at a local high or low, it may indicate a short-term trend reversal or the beginning of a new swing in price.
- **Combine with Other Tools**: Pivot points are more informative when used alongside broader trend analysis, support/resistance identification, or other momentum indicators.
- **Adjusting Sensitivity**: By increasing or decreasing the left/right pivot lengths, you can make the indicator more or less sensitive to small market fluctuations.
5. **Practical Tips**
- **Swing Trading**: Shorter lengths can be used by swing traders looking for quick reversals in lower timeframes.
- **Longer-Term Trends**: Larger lengths are better for position traders or those who prefer to see only major turning points in the market.
- **Clean Chart Layout**: Because text labels are removed, you can visually focus on the circles—especially helpful if you use multiple indicators and prefer a less cluttered chart.
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By pinpointing local highs and lows without price labels, the **Pivot Points High Low** indicator keeps charts neat yet informative, allowing traders to quickly recognize potential turning points in the market and make more informed decisions.
Williams %R IntensityOverview
"Williams %R Intensity" is a unique indicator that combines the classic Williams %R with a dynamic intensity-based visualization. This indicator helps traders identify overbought and oversold conditions with enhanced clarity while also predicting potential future crossovers using smoothed slope calculations. It is tailored for traders seeking a more nuanced approach to trend detection and momentum analysis.
Features and How It Works
Core Calculation:
Williams %R : Measures the current closing price relative to the highest high and lowest low over a user-defined length (default: 14).
Exponential Moving Average (EMA) : Smoothens the %R values for better trend tracking (default length: 14).
Overbought/Oversold Zones :
Upper and lower threshold levels are set at -20 (overbought) and -80 (oversold), making it easier to identify extreme conditions.
Intensity Visualization:
The intensity is calculated based on the absolute distance between Williams %R and its EMA.
The closer the value is to extreme levels, the more pronounced the visual intensity, capping at 90% transparency.
Overbought conditions are highlighted in red; oversold conditions in teal.
Crossover Signals:
Bullish Cross: When Williams %R crosses above its EMA in the oversold zone.
Bearish Cross: When Williams %R crosses below its EMA in the overbought zone.
The background color changes (lime for bullish, red for bearish) to highlight these critical moments when enabled via the "Show Cross & Predicted Cross Signal" option.
Future Cross Prediction:
Uses the smoothed slope of %R to estimate future values over a customizable number of steps.
Predicts potential bullish or bearish crosses based on the interaction between the predicted Williams %R and EMA.
Light green and light red background colors indicate predicted bullish and bearish crosses, respectively.
How to Use
Trend Detection: Use the Williams %R and its EMA to identify ongoing trends and confirm their strength.
Overbought/Oversold Analysis: Pay attention to crosses in extreme zones (-20 and -80) for potential reversals.
Intensity-Based Filtering: The intensity visualization helps to focus on the most significant conditions, reducing noise.
Cross Prediction: Enable "Show Cross & Predicted Cross Signal" to anticipate future turning points and plan trades proactively.
Example Applications
Scalping: Monitor rapid crossovers in lower timeframes for quick entries and exits.
Swing Trading: Use the overbought/oversold zones and cross predictions to identify longer-term reversal opportunities.
Risk Management: The intensity visualization can be used to filter out weak signals, ensuring higher-quality trade setups.
Chart Information
For clarity and compliance with publishing standards:
The chart should display the full symbol, timeframe, and the script name ("Williams %R Intensity").
Ensure the indicator is visible and properly configured for the chart.
Divergences of Machine Learning Matrix and Clustering RSISlope-Based Divergences of Machine Learning Matrix and Clustering RSI
This advanced indicator leverages machine learning concepts, clustering techniques, and slope analysis to identify divergence patterns and adaptive market signals. It integrates various metrics, including volatility, momentum, and probabilistic modeling, to provide a comprehensive view of market dynamics. The goal is to highlight opportunities based on price and oscillator divergences while dynamically adapting to different market conditions.
Key Features:
Machine Learning Framework:
A learning matrix is used to store and process adaptive RSI values.
Monte Carlo simulations are applied to generate probabilistic signals, incorporating weighted momentum, volatility, and clustering factors.
Feedback loops adjust learning rates and memory factors for continuous refinement of the system.
Clustering System:
Volatility levels are grouped into three clusters (Low, Medium, High), which influence weighting factors.
Cluster-based adjustments dynamically adapt the behavior of the indicator to current market conditions.
Dynamic RSI with Adaptive Feedback:
RSI calculations are based on dynamically adjusted lengths, leveraging memory feedback and volatility reinforcement.
Smoothed RSI values reflect high-volatility conditions, providing a refined overbought and oversold framework.
Slope Analysis:
Tracks the slope of both price movements and oscillator behavior over a range of lengths.
Highlights divergences (bullish or bearish) when price and oscillator slopes diverge significantly.
Incorporates slope-based signals for hidden divergences, offering additional insights into underlying market strength or weakness.
Multi-Factor Reinforcement Learning:
Combines smoothed RSI, true RSI, and memory-based feedback into a single reinforced signal.
Adjusts dynamically for extreme market conditions using a Z-score approach.
Volatility-Aware Thresholds:
Calculates dynamic overbought and oversold levels based on volatility and market conditions.
Ensures that thresholds are adaptable, offering greater relevance in various market environments.
Divergence Detection:
Bullish and Bearish Divergences:
Identifies divergences between price and oscillator slopes.
Pinpoints reversal opportunities when the oscillator slope conflicts with price behavior.
Hidden Divergences:
Detects hidden bullish or bearish divergences to uncover potential continuations or hidden trends.
Utilizes percentile ranks to assess extreme slope conditions.
Visual Markers:
Plots labeled markers on the chart to clearly indicate divergence events:
Green labels for bullish divergences.
Red labels for bearish divergences.
Probabilistic and Feedback Systems:
Monte Carlo Simulations:
Simulates hundreds of iterations to account for randomness and assess potential signals.
Factors include momentum, volatility, and cluster-based weightings.
Dynamic Learning Rate:
Adjusts learning rate based on current volatility, allowing the system to adapt faster during high-volatility phases.
Recursive Memory Feedback:
Stores recent RSI values in memory for deeper learning.
Integrates memory averages into the final signal calculation for enhanced stability.
Applications:
Trend Reversals:
Provides signals for potential market turning points using divergences and adaptive RSI levels.
Momentum and Volatility Analysis:
Incorporates volatility and momentum into its adaptive framework to better align with market behavior.
Scalping and Swing Trading:
Suitable for short-term scalping and medium-term swing trading by adjusting inputs for lookback and clustering thresholds.
Dynamic Thresholds for Extreme Markets:
Detects extreme market conditions with Z-score adjustments, helping traders identify overbought and oversold scenarios dynamically.
Visualization:
Primary Signal:
Plots a combined machine learning-enhanced RSI signal, providing a smoothed, adaptive oscillator view.
Divergences:
Visual markers for bullish, bearish, and hidden divergences displayed directly on the chart.
This indicator is a powerful tool for traders who seek a nuanced approach to market analysis, blending cutting-edge techniques like machine learning and clustering with practical trading insights.
JJ Psychological Levels (125 Increments)Psychological Levels Indicator
Description:
The Psychological Levels Indicator is a versatile tool designed for traders to identify key price levels that often act as support or resistance zones in the market. These levels are plotted at regular intervals, customizable by the user, starting from a base price level. This is particularly useful for spotting psychological price points that traders and investors frequently monitor.
Key Features:
1.Dynamic Psychological Levels:
- The script calculates and displays horizontal lines at price levels separated by customizable increments (default: 125 points).
- These levels are dynamically adjusted to the visible range of the chart.
2. Customizable Inputs:
- Starting Level: Set the base level from which increments are calculated (e.g., 0 or 1000).
- Step Size: Define the interval between levels (e.g., 125 for indices like Bank NIFTY).
3. Visual Representation:
- Horizontal lines are drawn at each psychological level, helping traders quickly identify key zones.
- Labels are placed next to each level, displaying the corresponding price for easy reference.
4. Application Across Instruments:
- This indicator works seamlessly with various asset classes, including stocks, indices, forex, and cryptocurrencies.
How to Use:
1.Identify Key Price Zones:
- Use the plotted psychological levels to spot areas where price action is likely to react.
- Levels such as 1125, 1250, and 1375 (for a step size of 125) are visually highlighted.
2. Plan Trades Around Key Levels:
- These levels can act as support/resistance or breakout points, providing opportunities for entry, exit, and stop-loss placement.
3. Customizable Settings:
- Adjust the starting level and step size to tailor the indicator to your trading instrument or strategy.
Why Psychological Levels Matter:
Psychological levels are widely followed by traders and often coincide with key market turning points due to their significance in human behavior and market psychology. They are frequently used by institutional traders, making them valuable reference points for intraday and swing trading.
Custom Settings:
- **Starting Level:** Default: `0`
- **Step Size:** Default: `125`
Disclaimer:
This indicator is a technical analysis tool and is not intended to provide financial advice. Always combine it with other indicators and perform your due diligence before making trading decisions.
ENIGMA Signals with Retests Select higher Time FrameENIGMA Signals with Retests – Script Description
The "ENIGMA Signals with Retests" script is a unique indicator designed for traders who prefer precision trading based on price action retests of key levels derived from higher timeframes. This tool is ideal for those employing multi-timeframe analysis strategies, helping them detect high-probability trade entries when the price interacts with significant support and resistance levels.
What Does This Script Do?
This indicator identifies key levels from a higher timeframe selected by the user (e.g., 4-hour or daily), then tracks price action on lower timeframes to provide actionable buy and sell signals when the price retests these levels. It visually plots the key levels on the chart and triggers alerts for potential trade opportunities when conditions are met.
How It Works
Key Level Detection:
The script uses custom functions to detect recent swing highs and swing lows on the selected higher timeframe (such as 4H or Daily). These levels represent potential areas of support and resistance where price reactions are likely to occur.
Multi-Timeframe Analysis:
The indicator leverages the request.security() function to retrieve price data from the user-defined higher timeframe and plots horizontal lines on the chart for the most recent swing highs and lows.
Retest-Based Signals:
Once the key levels are plotted, the script continuously monitors the price on the lower timeframe:
A Buy Signal is triggered when the price closes below a key high level and then moves back above it, indicating a potential bullish retest.
A Sell Signal is triggered when the price closes above a key low level and then moves back below it, indicating a potential bearish retest.
These retest signals are displayed as green and red arrows on the chart, helping traders identify optimal entry points.
Alerts for Retests:
The script includes built-in alert conditions that notify traders when a valid retest signal occurs. This allows traders to react promptly without constantly monitoring the chart.
How to Use the Script
Select Your Key Timeframe:
From the input settings, choose a higher timeframe that suits your trading style (e.g., 4H for intraday trading or Daily for swing trading).
Adjust Visual Preferences:
Customize the line style (solid, dashed, or dotted) and length of the plotted levels.
Toggle labels for the levels on or off as per your preference.
Trade Execution:
Once a retest signal appears on the lower timeframe, consider entering a trade in the direction of the signal. The buy signal suggests a potential long entry, while the sell signal indicates a potential short entry.
Set Alerts:
Use the alert conditions provided to get notified whenever a valid retest occurs. This helps in reducing screen time and improving trading efficiency.
Underlying Concepts
This script is grounded in the principles of support and resistance, retests, and breakout trading. By focusing on multi-timeframe key levels, it aligns with widely used trading concepts like:
Breakout and Retest: Entering trades after a confirmed breakout and successful retest of a significant level.
Swing Highs and Lows: Recognizing swing points to identify strong price reaction zones.
Multi-Timeframe Confluence: Enhancing trade probability by ensuring that the signals on lower timeframes correspond with key levels from higher timeframes.
Why This Script Is Unique
Unlike many generic trend-following or scalping indicators, "ENIGMA Signals with Retests" offers:
Precision Signals: It only provides signals when specific retest conditions are met, reducing false signals and noise.
Multi-Timeframe Customization: Users can tailor the higher timeframe to their strategy, making it versatile for various trading styles.
Alert Functionality: Alerts are integrated, allowing traders to stay updated without constantly monitoring the charts.
This script is perfect for traders looking for a systematic way to trade retests of key levels across multiple timeframes. Whether you're a scalper, day trader, or swing trader, "ENIGMA Signals with Retests" can help improve your precision and timing in the market.
Enhanced VIP-like IndicatorSettings Breakdown Tutorial: Optimizing a Trading Strategy
This guide explains the key trading strategy settings and how to customize them based on your trading style and goals. Each parameter is essential for tailoring the strategy to market conditions and your risk appetite.
1. Short Moving Average Length (Default: 9)
• Purpose: Tracks short-term trends using a small number of candles.
• Settings Tips:
• Smaller Values (e.g., 9): Quickly react to price changes, useful for fast-moving markets.
• Larger Values (e.g., 12-15): Generate smoother signals for less volatile trades.
2. Long Moving Average Length (Default: 21)
• Purpose: Identifies long-term trends.
• Settings Tips:
• Higher Values (e.g., 50): Spot broader trends at the expense of slower signals.
• Trend Analysis: The interaction of short and long MAs helps determine bullish or bearish trends (e.g., bullish when short MA crosses above long MA).
3. Higher Timeframe MA Length (Default: 200)
• Purpose: Filters long-term trends on a higher timeframe (e.g., daily).
• Settings Tips:
• 200 Periods: Standard for defining bullish (price above) or bearish (price below) markets.
• Adjustable: Use 100 for faster responses or stick with 200 for reliability.
4. Higher Timeframe (Default: 1 Day)
• Purpose: Defines the timeframe for the higher moving average.
• Settings Tips:
• Shorter Timeframes (e.g., 4 Hours): More frequent trading signals.
• Daily Timeframe: Best for swing trading and identifying macro trends.
5. RSI Length (Default: 14)
• Purpose: Measures momentum over a specific number of candles.
• Settings Tips:
• Lower Values (e.g., 7): More sensitive to price changes, ideal for quick trades.
• Higher Values (e.g., 20): Smooth signals for more stable markets.
6. RSI Overbought (70) and Oversold (30) Levels
• Purpose: Marks thresholds for overbought and oversold conditions.
• Settings Tips:
• Stricter Levels (e.g., 80/20): Fewer, higher-quality signals.
• Looser Levels (e.g., 65/35): More frequent signals, suitable for active trading.
7. Pivot Left Bars (5) and Pivot Right Bars (5)
• Purpose: Confirms pivot points (support/resistance) based on surrounding candles.
• Settings Tips:
• Higher Values (e.g., 10): Stronger but less frequent pivot points.
• Lower Values: More responsive, for traders seeking quick pivots.
8. Take Profit Percentage (Default: 2%)
• Purpose: Defines the profit level to exit trades.
• Settings Tips:
• Higher Values (e.g., 5%): For swing traders holding positions longer.
• Lower Values (e.g., 1%): For scalpers focusing on quick trades.
9. Minimum Volume (Default: 1,000,000)
• Purpose: Ensures sufficient liquidity for trading.
• Settings Tips:
• Lower Values: For lower-volume markets.
• Higher Values: Reduces risk in high-liquidity assets.
10. Stop Loss Percentage (Default: 1%)
• Purpose: Sets the maximum acceptable loss per trade.
• Settings Tips:
• Lower Values (e.g., 0.5%): Reduces risk, suited for conservative trading.
• Higher Values (e.g., 2%): Allows more price fluctuation, ideal for volatile markets.
11. Entry Conditions
• Options:
• MA Crossover & RSI: Combines trend-following and momentum for well-rounded signals.
• Pivot Breakout: Focuses on support/resistance breakouts for high-impact trades.
• Settings Tips:
• Trend-Following Traders: Use MA Crossover & RSI.
12. Exit Conditions
• Options:
• Opposite Signal: Exits when the trade’s opposite condition occurs (e.g., bullish to bearish).
• Fixed Take Profit/Stop Loss: Exits based on predefined profit/loss thresholds.
• Settings Tips:
• Opposite Signal: Ideal for trend-following strategies.
Summary
Customizing these settings aligns the strategy with your trading goals. Test configurations in a demo environment before live trading to refine the approach and optimize results. Always balance profit potential with risk management.
• Fixed Levels: Better for strict risk management.
• Breakout Traders: Opt for Pivot Breakout.
Volume-Based RSI Color Indicator with MAsVolume-Based RSI Color Indicator with MAs
Overview
This script combines the Relative Strength Index (RSI) with volume analysis to provide an enhanced perspective on market conditions. By dynamically coloring the RSI line based on overbought/oversold conditions and volume thresholds, this indicator helps traders quickly identify high-probability reversal zones. Additionally, it incorporates short-term and long-term moving averages (MAs) of the RSI for trend analysis, making it a versatile tool for scalping and swing trading strategies.
Key Features
Dynamic RSI Color Coding:
The RSI line changes color based on two conditions:
Overbought/High Volume: RSI is above the overbought threshold (default: 70) and volume exceeds the average volume by a user-defined multiplier (default: 2.0). The line turns red, indicating potential reversal zones.
Oversold/High Volume: RSI is below the oversold threshold (default: 30) and volume exceeds the average volume by the multiplier. The line turns green, suggesting potential buying opportunities.
Neutral Conditions: Default blue color for all other scenarios.
Volume Integration:
Unlike standard RSI indicators, this script incorporates volume data to refine signals, helping traders avoid false signals in low-volume environments.
RSI Moving Averages:
Two moving averages of the RSI (short-term and long-term) provide trend context:
200-period MA: Highlights the long-term trend in RSI values.
20-period MA: Shows short-term fluctuations for quick decision-making.
Both MAs can be calculated using Simple or Exponential methods, giving users flexibility.
Visual Aids:
Horizontal lines at the overbought (70) and oversold (30) levels help define the boundaries of expected price action extremes.
How It Works
The script calculates the RSI over a user-defined length (default: 14).
Volume data is compared to its moving average to determine if it exceeds the user-defined high-volume threshold.
When RSI and volume conditions align, the RSI line is dynamically colored to indicate potential overbought/oversold zones.
The RSI moving averages provide additional context to confirm trends or reversals.
How to Use
Identify Reversal Zones:
Look for green RSI signals in oversold conditions to identify potential buying opportunities.
Look for red RSI signals in overbought conditions to identify potential selling opportunities.
Use Moving Averages for Confirmation:
When the RSI is above its 200-period MA, the long-term trend is bullish; consider only long trades.
When the RSI is below its 200-period MA, the trend is bearish; consider only short trades.
Combine with Other Tools:
This indicator works best when used alongside price action analysis, candlestick patterns, or support/resistance levels.
Originality
This script is unique in combining volume analysis with RSI and RSI-specific moving averages. While many indicators focus on RSI or volume separately, this script marries these two key metrics to filter out weak signals and improve trade decision accuracy.
Chart Recommendations
Clean Chart: Use this indicator on a clean chart without additional overlays for maximum clarity.
Timeframes: Works well on intraday charts (e.g., 5m, 15m) for scalping and on higher timeframes (e.g., 1H, 4H, Daily) for swing trading.
Disclaimer
This indicator is a tool to aid trading decisions and should not be used in isolation. Always consider other factors such as market conditions, news events, and risk management.
P/L CalculatorDescription of the P/L Calculator Indicator
The P/L Calculator is a dynamic TradingView indicator designed to provide traders with real-time insights into profit and loss metrics for their trades. It visualizes key levels such as entry price, profit target, and stop-loss, while also calculating percentage differences and net profit or loss, factoring in fees.
Features:
Customizable Input Parameters:
Entry Price: Define the starting price of the trade.
Profit and Stop-Loss Levels (%): Set percentage thresholds for targets and risk levels.
USDT Amount: Specify the trade size for precise calculations.
Trade Type: Choose between "Long" or "Short" positions.
Visual Representation:
Entry Price, Profit Target, and Stop-Loss levels are plotted as horizontal lines on the chart.
Line styles, colors, and thicknesses are fully customizable for better visibility.
Real-Time Metrics:
Percentage difference between the live price and the entry price is calculated dynamically.
Profit/Loss (P/L) and fees are computed in real time to display net profit or loss.
Alerts:
Alerts are triggered when:
The live price hits the profit target.
The live price crosses the stop-loss level.
The price reaches the specified entry level.
A user-defined percentage difference is reached.
Labels and Annotations:
Displays percentage difference, P/L, and fee information in a clear label near the live price.
Custom Fee Integration:
Allows input of trading fees (%), enabling accurate net profit or loss calculations.
Price Scale Visualization:
Displays the percentage difference on the price scale for enhanced context.
Use Case:
The P/L Calculator is ideal for traders who want to monitor their trades' performance and make informed decisions without manually calculating metrics. Its visual cues and alerts ensure you stay updated on critical levels and price movements.
This indicator supports a wide range of trading styles, including swing trading, scalping, and position trading, making it a versatile tool for anyone in the market.
Enhanced SMA Strategy with Trend Lines & S&R by DaxThe Enhanced SMA Strategy with Trend Lines & Support/Resistance (S&R) by Dax indicator is a technical analysis tool designed to improve trading decisions by combining the simplicity of the Simple Moving Average (SMA) with the insight provided by trend lines and support/resistance levels. This hybrid approach aims to create a more robust and reliable trading strategy.
Key Components:
Simple Moving Average (SMA):
SMA is a basic trend-following indicator that calculates the average of a set of price data over a specified period. It helps identify the direction of the market, such as whether an asset is in an uptrend or downtrend.
The Enhanced SMA Strategy may use multiple SMAs, such as short-term (e.g., 20-period) and long-term (e.g., 50-period), to detect crossovers that signal buy or sell opportunities. For example, a bullish crossover occurs when a short-term SMA crosses above a long-term SMA, indicating a potential buying signal, while a bearish crossover signals a potential sell.
Trend Lines:
Trend lines are drawn on the price chart to visually identify the direction of the market, acting as dynamic support and resistance levels. A trend line is drawn by connecting two or more price points that demonstrate the overall price movement.
Trend lines can help traders see potential breakout or breakdown points. A price breaking above a downtrend line or below an uptrend line often signals a trend reversal.
Support and Resistance (S&R):
Support levels are price levels where an asset tends to find buying interest and stop falling, while Resistance levels are points where selling pressure emerges and prevent the price from rising further.
These levels are critical in determining where price reversals or consolidations are likely to occur. Enhanced S&R indicators can automatically identify these levels and draw horizontal lines at these critical points on the chart.
Combining S&R with SMA can help traders decide whether a breakout or bounce is likely at these levels, increasing the odds of a successful trade.
How It Works:
Trend Identification: The SMA is used to determine the trend direction. A rising SMA indicates an uptrend, while a falling SMA suggests a downtrend.
Signal Generation: The strategy often uses a combination of SMA crossovers (bullish or bearish) along with the confirmation of price action near trend lines and support/resistance levels. For example:
If a price breaks above resistance and the short-term SMA crosses above the long-term SMA, a buy signal is confirmed.
Conversely, if the price breaks below support and the short-term SMA crosses below the long-term SMA, a sell signal is given.
Dynamic Support/Resistance: Trend lines are drawn automatically or manually to spot areas where price might reverse. The Enhanced SMA Strategy checks if the price is close to these levels, providing a more precise entry/exit point based on the broader market context.
Advantages of the Enhanced SMA Strategy with Trend Lines & S&R:
Improved Accuracy: By combining trend-following (SMA) with key levels like trend lines and S&R, the strategy filters out false signals, leading to more reliable trade setups.
Trend Confirmation: The use of trend lines and S&R confirms the broader market context, reducing the risk of trading against the trend or entering at weak price points.
Flexible: This strategy can be applied to various timeframes, from short-term day trading to longer-term swing trading.
Visual Clarity: The combination of trend lines, S&R, and moving averages provides a clear and visually intuitive strategy for identifying key price levels and trend shifts.
How to Use It:
Draw Trend Lines: Identify the most recent price peaks and troughs to draw trend lines, marking the potential resistance and support levels.
Use SMAs: Apply two different-period SMAs to detect the trend (e.g., 20-period and 50-period). Pay attention to crossovers for buy/sell signals.
Watch for Breakouts or Reversals: Monitor how the price behaves at support or resistance levels and the trend lines. A price move beyond these levels, accompanied by a confirming SMA crossover, can signal a strong trade opportunity.
Conclusion:
The Enhanced SMA Strategy with Trend Lines & S&R by Dax is a powerful, multi-layered approach to technical analysis. It enhances the basic SMA strategy by incorporating additional tools like trend lines and support/resistance levels, which help traders make more informed decisions with higher accuracy. This method is suitable for both novice and experienced traders, offering clear trade signals while reducing the risk of false entries.
Landry Light Pine ScannerLandry Light Pine Scanner
The Landry Light Pine Scanner is a comprehensive technical analysis tool designed to identify stocks showing strong upward trends based on the Landry Light methodology. It scans for stocks where:
Today's low and yesterday's low are above the 30 EMA.
The low from two days ago is below the 30 EMA.
SMA 50 is above SMA 150, and SMA 150 is above SMA 200 (a strong bullish SMA hierarchy).
Features:
Trend Detection: Automatically highlights stocks with strong bullish trends based on EMA and SMA alignment.
Customizable Inputs: Users can adjust EMA and SMA lengths to fit their trading style.
Visual Clarity: Plots the 30 EMA, SMA 50, SMA 150, and SMA 200 directly on the chart for easy analysis.
Alert Ready: Integrated with TradingView's alert system to notify users when the conditions are met.
Chart Highlights: Automatically highlights bars that meet the conditions with a subtle green background.
Use Case:
This indicator is ideal for swing traders and position traders looking for potential breakout opportunities. By filtering stocks with a bullish structure, traders can focus on high-probability setups.
Conditions Used:
30 EMA Conditions:
Today's low is above the 30 EMA.
Yesterday's low is above the 30 EMA.
The low from two days ago is below the 30 EMA.
SMA Hierarchy:
SMA 50 is above SMA 150.
SMA 150 is above SMA 200.
Customization Options:
30 EMA Length: Adjustable to match user preferences.
SMA Lengths: SMA 50, SMA 150, and SMA 200 lengths are customizable for flexibility.
Alerts:
Users can set alerts for when the defined conditions are met, making it easy to monitor multiple stocks.
How to Use:
Apply the Indicator:
Add the indicator to your TradingView chart.
Set Alerts:
Use the built-in alert condition for automated notifications.
Analyze Trends:
Look for green-highlighted bars indicating stocks meeting the criteria.
Screen Stocks:
Use this tool as part of your screener to filter stocks efficiently.
Note:
This indicator does not provide buy or sell signals. Always combine it with other technical and fundamental analysis for informed trading decisions.
Publishing Tags:
Landry Light, EMA, SMA, Trend Analysis, Swing Trading, Position Trading, Technical Analysis, Breakout Scanner, TradingView, Pine Script
Uptrick: Oscillator SpectrumUptrick: Oscillator Spectrum is a versatile trading tool designed to bring together multiple aspects of technical analysis—oscillators, momentum signals, divergence checks, correlation insights, and more—into one script. It includes customizable overlays and alert conditions intended to address a wide range of market conditions and trading styles.
Developed in Pine Script™, Uptrick: Oscillator Spectrum represents an extended version of the classic Ultimate Oscillator concept. It consolidates short-, medium-, and long-term momentum readings, applies correlation analysis across different symbols, and offers optional table-based metrics to provide traders with a more structured overview of potential trade setups. Whether used alongside your existing charts or as a standalone toolkit, it aims to build on and enhance the functionality of the standard Ultimate Oscillator.
### A Few Key Features
- Momentum Insights: Multiple timeframes for oscillators, plus buy/sell signal modes for flexible identification of overbought/oversold situations or crossovers.
- Divergence Detection: Automated checks for bullish/bearish divergences, aiming to help traders spot potential shifts in momentum.
- Correlation Meter: A visual histogram summarizing how selected assets are collectively trending. It is useful for tracking the bigger market picture.
- Gradient Overlays & Bar Coloring: Dynamic color transitions designed to emphasize changes in momentum, trend shifts, and overall sentiment without cluttering the chart.
- Money Flow Tracker: Tracks the flow of money into and out of the market using a smoothed Money Flow Index (MFI). Highlights overbought/oversold conditions with dynamic bar coloring and visual gradient fills, helping traders assess volume-driven sentiment shifts.
- Advanced Table Metrics: An optional table showing return on investment (ROI), collateral risk, and other contextual metrics for supported assets.
- Alerts & Automation: Configurable alerts covering divergence events, crossing of critical levels, and more, helping to keep traders informed of developments in real time.
### Intended Usage
- For Multiple Markets: Works on various markets (cryptocurrencies, forex pairs, stocks) to deliver a consistent view of momentum, potential entry/exit signals, and correlation.
- Adaptable Trading Styles: With customizable input settings, you can enable or disable specific features to align with your preferred strategies—intraday scalping, swing trading, or position holding.
By combining these elements under one indicator, Uptrick: Oscillator Spectrum allows traders to streamline analysis workflows, helping them stay focused on interpreting market moves and making informed decisions rather than juggling multiple scripts.
Purpose
Purpose of the “Uptrick: Oscillator Spectrum” Indicator
The “Uptrick: Oscillator Spectrum” indicator is intended to bring together several technical analysis elements into one tool. It combines oscillator-based momentum readings across different lookback periods, checks for potential divergences, provides optional buy/sell signal triggers, and offers correlation-based insights across multiple symbols. Additionally, it includes features such as bar coloring, gradient visualization, and user-configurable alerts to help highlight various market conditions.
By consolidating these functions, the script aims to help users systematically observe changing momentum, identify when prices reach user-defined overbought or oversold levels, detect when oscillator movements diverge from price, and examine whether different assets are aligning or diverging in their trends. The indicator also allows for optional advanced metric tables, which can supply further context on risk, ROI calculations, or other factors for supported assets. Overall, the script’s purpose is to organize multiple layers of technical analysis so that users have a structured way to evaluate potential trade opportunities and market behavior.
## Usage Guide
Below is an outline of how you can utilize the various components and features of Uptrick: Oscillator Spectrum in your charting workflow.
---
### 1. Using the Core Oscillator
- Basic View: By default, the script calculates a multi-timeframe oscillator (commonly displayed as the “Ultimate Oscillator”). This oscillator combines short-, medium-, and long-term measurements of buying pressure and true range.
- Overbought/Oversold Zones: You can configure thresholds (e.g., 70 for overbought, 30 for oversold) to help identify potential turning points. When the oscillator crosses these levels, it may indicate that price is extended in one direction.
- You can use the colors of the main oscillator to help you take short-term trades as well: cyan : Buy , red: Sell
- Alerts: If you enable alerts, the indicator can notify you when the oscillator crosses above or below your chosen overbought/oversold boundaries or when you get buy/sell signals.
---
### 2. Buy/Sell Signals in Overlay Modes
Uptrick: Oscillator Spectrum provides several signal modes and a choice between overlay true and overlay false or both. Additionally, you can pick which “line” (data source) the script uses to generate signals. This is set in the “Line to Analyze” dropdown, which includes Oscillator, HMA of Oscillator, and Moving Average. The following sections describe how each piece fits together.
---
#### Line to Analyze - Overlay Flase: Oscillator / HMA of Oscillator / Moving Average
1. Oscillator
- The core momentum reading, reflecting short-, medium-, and long-term periods combined.
2. HMA of Oscillator
- Applies a Hull Moving Average to the oscillator, creating a smoother but still responsive curve.
- Signals will be derived from this smoothed line. Some traders find it filters out minor fluctuations while remaining quicker to react than standard averages.
3. Moving Average
- Uses a user-selected MA type (SMA, EMA, WMA, etc.) over the oscillator values, rather than the raw oscillator itself.
- Tends to be more stable than the raw oscillator, but might delay signals more depending on the chosen MA settings.
---
#### Signal Modes
Regardless of which line you choose to analyze, you can use one of the following seven signal modes in overlay being true:
1. Overbought/Oversold (Pyramiding)
- What It Does:
- Buy signal when the chosen line crosses below the oversold threshold.
- Sell signal when it crosses above the overbought threshold.
- Pyramiding:
- Allows multiple triggers within the same overbought/oversold event.
2. Overbought/Oversold (Non Pyramiding)
- What It Does:
- Same thresholds but only one signal per oversold or overbought event.
- Use Case:
- Prevents repeated signals and chart clutter.
3. Smoothed MA Middle Crossover
- What It Does:
- Uses an MA defined by the user.
- Buy when crossing above the midpoint (50), Sell when crossing below.
- Use Case:
- Generates fewer signals, focusing on broader momentum shifts. There is no pyramiding.
In this image ,for example, the VWMA is used with length of 14 to identify buy sell signals.
4. Crossing Above Overbought/Below Oversold (Non Pyramiding)
- What It Does:
- Buy occurs if the line exits oversold territory by crossing back above it.
- Sell occurs if the line exits overbought territory by crossing back below it.
- Non Pyramiding:
- Restricts repeated signals until conditions reset.
5. Crossing Above Overbought/Below Oversold (Pyramiding)
- What It Does:
- Same thresholds, but allows multiple signals if the line repeatedly dips in and out of overbought or oversold.
- Use Case:
- More frequent entries/exits for active traders.
6. Divergence (Non Pyramiding)
- What It Does:
- Identifies bullish or bearish divergences using the chosen line vs. price.
- Buy for bullish divergence (higher low on the line vs. lower low on price), Sell for bearish divergence.
- Single Trigger:
- Only one signal per identified divergence event. (non pyramiding)
7. Divergence (Pyramiding)
- What It Does:
- Same divergence logic but triggers multiple times if the script sees repeated divergence in the same direction.
- Use Case:
- Could suit traders who layer positions during sustained divergence scenarios.
#### Overlay Modes: True vs. False
1. Overlay True
- Buy/sell arrows or labels plot directly on the main price chart, often at or near candlesticks.
- Bar Coloring:
- Can turn the candlestick bars green (buy) or red (sell), with intensity reflecting signal recency if bar coloring is enabled for this mode. (read below.)
- Advantage:
- Everything (price, signals, bar colors) is in one spot, making it straightforward to associate signals with current market action. You can adjust the periods of the main oscillator or lookback periods of divergences or overbought/oversold thresholds, to play around with your signals.
2. Overlay False
- Signal Placement:
- Signals appear in a sub-window or oscillator panel, leaving the main price chart uncluttered.
- Bar Coloring:
- You may still enable bar colors on the main chart (green for buy, red for sell) if desired.
- Alternatively, you can keep them neutral if you prefer a completely separate display of signals.
- Advantage:
- Clear separation of price action from signals, useful for cleaner charts or if using multiple overlay-based tools.
At the bottom are the signals for overlay being false and on the chart are the signals for overlay being true:
#### Bar Color Adjustments
1. Coloring Logic
- Bars typically go green on buy signals, red on sell signals.
- The opacity or brightness can vary to indicate signal freshness. When a new signal is formed, the color gets brighter. When there is no signal for a longer period of time, then the color slowly fades.
2. Enabling Bar Coloring
- In the indicator’s settings, turn on Bar Coloring.
- Choose “Signals Overlay True” or “Signals Overlay False” from the “Color should depend on:” dropdown, depending on which overlay approach you want to drive your bar colors. You can also chose the cloud fill in overlay false, correlation meter and smoothed HMA to color bars. Read more below:
### Bar Color Options:
When you enable bar coloring in Uptrick: Oscillator Spectrum, you can select which component or signal logic drives the color changes. Below are the five available choices:
---
#### Option 1: Overlay True Signals
- What It Does:
- Uses signals generated under the Overlay True mode to color the bars on your main chart.
- If a buy signal is triggered, bars turn green. If a sell signal occurs, bars turn red.
- Color Intensity:
- Bars appear brighter (more opaque) immediately after a new signal fires, then gradually fade over subsequent bars if no new signal appears.
---
#### Option 2: Overlay False Signals
- What It Does:
- Links bar coloring to signals generated when Overlay False mode is active.
- Buy/sell labels typically plot in a separate sub-window instead of the main chart, but your price bars can still change color based on these signals.
- Color Intensity:
- Similar to Overlay True, new buy/sell signals yield stronger color intensity, which fades over time.
- Use Case:
- Helps maintain a clean main chart (with signals off-chart) while still providing an immediate color-coded indication of a buy or sell state.
- Particularly useful if you prefer less clutter from signal markers on your price chart yet still want a visual representation of signal timing.
In this example normal divergence Pyramiding Signals are used in the overlay being true and the signals in overlay false are signals that analyze the HMA. This can help clear out noise (using a combo of both).
Option 3: Money Flow Tracker
What It Does:
The Money Flow Tracker uses the Money Flow Index (MFI), a volume-weighted oscillator, to measure the strength of money flowing into or out of an asset. The script smooths the raw MFI data using an EMA for a more responsive and visually intuitive output.
The feature also includes dynamic color gradients and bar coloring that highlight whether money flow is positive or negative.
Green Fill/Bar Color: Indicates positive money flow, suggesting potential accumulation.
Red Fill/Bar Color: Indicates negative money flow, signaling potential distribution.
Overbought and oversold thresholds are dynamically emphasized with transparency, making it easier to identify high-confidence zones.
Use Case:
Ideal for traders focusing on volume-driven sentiment to identify turning points or confirm existing trends.
Suitable for assessing broader market conditions when used alongside other indicators like oscillators or correlation analysis.
Provides additional clarity in spotting areas of accumulation or distribution, making it a valuable complement to price action and momentum studies.
---
#### Option 4: Correlation Meter
- What It Does:
- Colors the bars based on the indicator’s Correlation Meter output. The script checks multiple chosen tickers and sums up how many are trending positively or negatively.
- If the meter indicates an overall bullish bias (e.g., more than three assets in uptrend), bars turn green; if it’s bearish, bars turn red.
- Trend Readings:
- The correlation meter typically plots a histogram of bullish/neutral/bearish states. The bar color option links your chart’s candlestick coloring to that higher-level market sentiment.
- Use Case:
- Useful for traders wanting a quick visual prompt of whether the broader market (or a selection of related assets) is bullish or bearish at any given time.
- Helps avoid signals that conflict with the market majority.
#### Option 5: Smoothed HMA
- What It Does:
- Bar colors are driven by the slope or state of the Hull Moving Average (HMA) of the oscillator, rather than individual buy/sell triggers or correlation data.
- If the HMA indicates a strong upward slope (possibly darkening), bars may turn green; if the slope is downward (purple in the HMA line), bars turn red.
- Use Case:
- Ideal for those who focus on momentum continuity rather than discrete signals like overbought/oversold or divergence.
- May help identify smoother, more sustained moves, as the HMA filters out minor oscillations.
---
### 3. Using the Hull Moving Average (HMA) of the Oscillator
- HMA Calculation: You can enable a dedicated Hull Moving Average (HMA) for the oscillator. This creates a smoother line of the same underlying momentum reading, typically responding more quickly than classic moving averages.
- Color Intensity: As the HMA sustains an uptrend or downtrend, the script can adjust the line’s color. When slope momentum persists in one direction, the color appears more opaque. This intensification can hint that the existing direction may be well-established.
- Reversal Potential: If you observe the HMA color shifting or darkening after multiple bars of slope in the same direction, it may indicate increasing momentum. Conversely, a sudden flattening or change in color can be a clue that momentum is waning.
---
### 4. Moving Average Overlays & Gradient Cloud
- Oscillator MA: The script allows you to apply moving average types (SMA, EMA, SMMA, WMA, or VWMA) to the core oscillator, rather than to price. This can smooth out noise in the oscillator, potentially highlighting more consistent momentum shifts.
- Gradient Cloud: You can also enable a cloud in overlay true between two moving averages (for instance, a Hull MA and a Double EMA) on the price chart. The cloud fills with different colors, depending on which MA is above the other. This can provide a quick visual reference to bullish or bearish areas.
---
### 5. Divergence Detection
- Bullish & Bearish Divergence: By toggling “Calculate Divergence,” the script looks for oscillator pivots that contrast with price pivots (e.g., price making a lower low while the oscillator makes a higher low).
- A divergence is when the price makes an opposite pivot to the indicator value. E.g. Price makes lower low but indicator does higher low - This suggests a bullish divergence. THe opposite is for a bearish divergence.
- Visual Labels: When a divergence is found, labels (such as “Bull” or “Bear”) appear on the oscillator. This helps you see if the oscillator’s momentum patterns differ from the price movement.
- Filtering Signals: You can combine divergence signals with other features like overbought/oversold or the HMA slope to refine potential entries or exits.
---
### 6. Correlation & Multi-Ticker Analysis
- Correlation Meter: You can select up to five tickers in the settings. The script calculates a slope-based metric for each, then combines those metrics to show an overall bullish or bearish tendency (displayed as a histogram).
- Bar Coloring & Overlay: If you activate correlation-based bar coloring, it will reflect the broader trend alignment among the selected assets, potentially indicating when most are trending in the same direction.
- Use Case: If you trade multiple markets, the correlation histogram can help you quickly see if several major assets support the same market bias or are diverging from one another.
—
### 7. Money Flow Tracker
Money Flow Calculation: The Money Flow Tracker calculates the Money Flow Index (MFI) based on price and volume data, factoring in buying pressure and selling pressure. The output is smoothed using a low-lag EMA to reduce noise and enhance usability.
Visual Features:
Dynamic Gradient Fill:
The space between the smoothed MFI line and the midline (set at 50) is filled with a gradient.
Above 50: Green gradient, with intensity increasing as the MFI moves further above the midline.
Below 50: Red gradient, with intensity increasing as the MFI moves further below the midline.
This gradient provides a clear visual representation of money flow strength and direction, making it easier to assess sentiment shifts at a glance.
Overbought/Oversold Levels: Default thresholds are set at 70 (overbought) and 30 (oversold). When the MFI crosses these levels, it signals potential reversals or trend continuations.
Bar Coloring:
Bars turn green for positive money flow and red for negative money flow.
Color intensity fades over time, ensuring recent signals stand out while older ones remain visible without dominating the chart.
Alerts:
Alerts are triggered when the Money Flow Tracker crosses into overbought or oversold zones, keeping traders informed of critical conditions without constant monitoring.
Practical Applications:
Trend Confirmation: Use the Money Flow Tracker alongside the oscillator or HMA to confirm trends or identify potential reversals.
Volume-Based Reversal Signals: Spot turning points where price action aligns with shifts in money flow direction.
Sentiment Analysis: Gauge whether market participants are accumulating (positive flow) or distributing (negative flow) assets, offering an additional layer of insight into price movement.
(Space for an example chart: “Money Flow Tracker with gradient fills and overbought/oversold levels”)
### 8. Putting It All Together
- Combining Signals: A practical approach might be to watch for a bullish divergence in the oscillator, confirm it with a shift in the HMA slope color, and then wait for the price to be near or below oversold conditions. The correlation histogram may further confirm if the broader market is also leaning bullish at that time.
- Visual Cues: Bar coloring adds another layer, making your chart easier to interpret at a glance. You can also set alerts to ensure you don’t miss key events like divergences, crossovers, or moving average flips.
- Flexibility: Not every feature needs to be used simultaneously. You might opt to focus on divergences and overbought/oversold signals, or you could emphasize the correlation histogram and bar colors. The settings let you enable or disable each module to suit your style.
---
### 9. Tips for Customization
- Adjust Periods: Shorter periods can yield more signals but also more noise. Longer periods may provide steadier, but fewer, signals.
- Set Appropriate Alert Conditions: Only alert on events most relevant to your strategy to avoid overload.
- Explore Different MAs: Depending on the instrument, some moving average types may give a smoother or more responsive indication.
- Monitor Risk Management: As with any tool, these signals do not guarantee performance, so consider position sizing and stop-loss strategies.
---
By toggling and experimenting with the features described above—buy/sell signals, divergences, moving averages, dynamic gradient clouds, and correlation analysis—you can tailor Uptrick: Oscillator Spectrum to your specific trading approach. Each module is designed to give you a clearer, structured view of potential momentum shifts, overbought or oversold states, and the alignment or divergence of multiple assets.
## Features Explanation
Below is a detailed overview of key features in Uptrick: Oscillator Spectrum. Each component is designed to provide different angles of market analysis, allowing you to customize the tool to your preferences.
---
### 1. Main Oscillator
- Purpose: The primary oscillator in this script merges short-, medium-, and long-term views of buying pressure and true range into a single line.
- Calculation: It weights each period’s contribution (e.g., a heavier focus on the short period if desired) and normalizes the result on a 0–100 scale, where higher readings may suggest more robust momentum. (like from the classic Ultimate Oscillator)
- Practical Use:
- Traders can watch for overbought/oversold conditions at user-defined thresholds (e.g., 70/30).
- It can also provide a straightforward momentum reading for those who prefer to see if momentum is rising, falling, or leveling off.
---
### 2. HMA of the Smoothed Oscillator
- What It Is: A Hull Moving Average (HMA) applied to the main oscillator values. The HMA is often more responsive than standard MAs, offering smoother lines while preserving relatively quick reaction to changes.
- How It Works:
- The script takes the oscillator’s output and processes it through a Hull MA calculation.
- The HMA’s slope and color can change more dynamically, highlighting sharper momentum shifts.
- Why It’s Useful:
- By smoothing out minor fluctuations, the HMA can highlight trends in the oscillator’s trajectory.
- If you see an extended run in the HMA slope, it may indicate a more persistent trend in momentum.
- Color Intensity:
- As the HMA continues in one direction for several bars, the script can intensify the color, signaling stronger or more sustained momentum in that direction.
- Sudden changes in color or slope can signal the start of a new momentum swing.
---
### 3. Gradient Fill
This script uses two gradient-based visual elements:
1. Shining/Layered Gradient on the Main Oscillator
- Purpose: Adds multiple layers around the oscillator line (above and below) to emphasize slope changes and highlight how quickly the oscillator is moving up or down.
- Color Changes:
- When the oscillator rises, it uses a color scheme (e.g., aqua/blue) that intensifies as the slope grows.
- When the oscillator declines, it uses a distinct color (e.g., red/pink).
- User Benefit: Makes it easier to see at a glance if momentum is accelerating or decelerating, beyond just the numerical reading.
2. Dynamic Cloud Fill (Between MAs)
- Purpose: Allows you to plot two moving averages (for example, a short-term Hull MA and a longer-term DEMA) and fill the area between them with a color gradient.
- Bullish vs. Bearish:
- When the short MA is above the long MA, the cloud might appear in a greenish hue.
- When the short MA is below the long MA, the cloud can switch to red or another color.
- Transparency/Intensity:
- The fill can get more opaque if the difference between the two MAs is large, indicating a stronger trend but a higher probability of a reversal.
- User Benefit: Helps visualize changes in trend or momentum across multiple time horizons, all within a single chart overlay.
---
### 4. Correlation Meter & Symbol Inputs
- What It Is: This feature looks at multiple user-selected symbols (e.g., BTC, ETH, BNB, etc.) and computes each symbol’s short-term slope. It then aggregates these slopes into an overall “trend” score.
- Inputs Configuration:
1. Ticker Inputs: You can specify up to five different tickers.
2. Timeframe: Decide whether to pull data from different chart timeframes for each symbol.
3. Slope Calculation: The script may compute, for instance, a 5-period SMA minus a 20-period SMA to gauge if each symbol is trending up or down.
- Market Trend Histogram:
- Displays a column that goes above/below zero depending on how many symbols are bullish or bearish.
- If more than three (out of five) symbols are bullish, the histogram can show a green bar at +1; if fewer than three are bullish, it can show red at –1.
- How to Use:
- Quick Glance: Lets you know if most correlated assets are aligning or diverging.
- Bar Coloring (Optional): If enabled, your main chart’s bars can reflect the aggregated correlation, turning green or red depending on the meter’s reading.
---
### 5. Advanced Metrics Table
- What It Is: An optional table displaying additional metrics for several cryptocurrencies (or any symbols you define).
- Metrics Included:
1. ROI (30D): Calculates return relative to the lowest price in a 30-day period.
2. Collateral Risk: Uses standard deviation to assess volatility (higher risk if standard deviation is large).
3. Liquidity Recovery: A rolling average of volume, aiming to show how liquidity flows might recover over time.
4. Weakening (Rate of Change): Reflects how quickly price is changing compared to previous bars.
5. Monetary Bias (SMA): A simple average of recent prices. If price is below this SMA, it might be seen as undervalued relative to the short term.
6. Risk Phase: Categorizes risk as low, medium, or high based on the standard deviation figure.
7. DCA Signal: Suggests “Accumulate” or “Do Not Accumulate” by checking if the current price is below or above the SMA.
- Why It’s Useful:
- Offers a concise view of multiple assets in one place—helpful for portfolio-level insight.
- DCA (Dollar-Cost Averaging) suggestions can guide longer-term strategies, while volatility (collateral risk) helps gauge how aggressive the price swings might be.
---
### 6. Other Vital Aspects
- Alerts & Notifications:
- The script can trigger alerts for various conditions—crossovers, divergence detections, overbought/oversold transitions, or correlation-based signals.
- Useful for automating watchlists or ensuring you don’t miss a key setup while away from the screen.
- Customization:
- Each module (oscillator settings, divergence detection, correlation meter, advanced metrics table, etc.) can be enabled or disabled based on your preferences.
- You can fine-tune parameters (e.g., periods, smoothing lengths, alert triggers) to align the indicator with different trading styles—scalping, swing, or position trading.
- Combining Features:
- One might watch the main oscillator for momentum extremes, confirm via the HMA slope, check if correlation supports the same bias, and look at the table for risk-phase validation.
- This multi-layer approach can help develop a more structured and informed trading view.
(Space for an example chart: “A fully configured layout showing oscillator, HMA, gradient cloud, correlation meter, and table all in use.”)
7. Money Flow Tracker
Purpose: The Money Flow Tracker adds a volume-based perspective to the indicator suite by incorporating the Money Flow Index (MFI), which assesses buying and selling pressure over a defined period. By smoothing the MFI using an exponential moving average (EMA), the feature highlights the directional flow of capital into and out of the market with greater clarity and reduced noise.
Dynamic Gradient Visualization:
The Money Flow Tracker enhances visual analysis with gradient fills that reflect the MFI’s relationship to the midline (50).
Above 50: A green gradient emerges, intensifying as the MFI moves higher, indicating stronger positive money flow.
Below 50: A red gradient appears, with deeper shades signifying increasing selling pressure.
Transparency dynamically adjusts based on the MFI’s proximity to the midline, making high-confidence zones (closer to 0 or 100) visually distinct.
Directional Sensitivity:
The Tracker emphasizes the importance of overbought (above 70) and oversold (below 30) zones. These thresholds help traders identify when an asset might be overextended, signaling potential reversals or trend continuations.
The inclusion of a midline (50) as a neutral zone helps gauge shifts between accumulation (money flowing in) and distribution (money flowing out).
Bar Integration:
By enabling bar coloring linked to the Money Flow Tracker, traders can visualize its impact directly on price bars.
Green bars reflect positive money flow (above 50), signaling bullish conditions.
Red bars indicate negative money flow (below 50), highlighting bearish sentiment.
Intensity adjustments ensure that recent signals are more visually prominent, while older signals gradually fade for a clean, non-cluttered chart.
Key Advantages:
Volume-Informed Context: Traditional oscillators often focus solely on price; the Money Flow Tracker incorporates volume, adding a crucial dimension for analyzing market behavior.
Adaptive Filtering: The EMA-smoothing feature ensures that sudden, insignificant spikes in volume don’t trigger false signals, providing a clearer and more actionable representation of money flow trends.
Early Warning System: Divergences between price movement and the Money Flow Tracker’s trends can signal potential turning points, helping traders anticipate reversals before they occur.
Practical Use Cases:
Trend Confirmation: Pair the Money Flow Tracker with the oscillator or HMA to confirm bullish or bearish trends. For example, a rising oscillator with positive money flow indicates strong buying interest.
Identifying Entry/Exit Zones: Use overbought/oversold conditions as entry/exit points, particularly when combined with other features like divergence detection.
Market Sentiment Analysis: The Tracker’s ability to dynamically assess buying and selling pressure provides a clear picture of market sentiment, helping traders adjust their strategies to align with broader trends.
By understanding these features—main oscillator readings, the HMA’s smoothing capabilities, gradient-based visual highlights, correlation insights, advanced metrics, and the money flow tracker—you can tailor Uptrick: Oscillator Spectrum to your specific needs, whether you’re focusing on quick trades, longer-term market moves, or broad portfolio health.
Originality of the “Uptrick: Oscillator Spectrum” Indicator
While it includes elements of standard momentum analysis, Uptrick: Oscillator Spectrum sets itself apart by adding an array of features that broaden the typical oscillator’s scope:
1. Slope Coloring & Layered Gradient Effects
- Beyond just plotting a single line, the indicator visually highlights momentum shifts using color changes and gradient fills.
- As the oscillator’s slope becomes steeper or flatter, these gradients intensify or fade, helping users see at a glance when momentum is accelerating, slowing, or reversing.
2. Mean Reversion & Divergence Detection
- The script offers optional logic for marking potential mean reversion points (e.g., overbought/oversold crossovers) and flagging divergences between price and the oscillator line.
- These divergence signals come with adjustable lookback parameters, giving traders control over how recent or extended the pivots should be for detection.
- This functionality can reveal subtle momentum discrepancies that a basic oscillator might overlook.
3. Integrated Multi-Asset Correlation Meter
- In addition to monitoring a single symbol, the indicator can fetch data for multiple tickers. It aggregates each symbol’s slope into a histogram showing whether the broader market (or a group of assets) leans bullish or bearish.
- This cross-market insight moves beyond standard “one-symbol, one-oscillator” usage, adding a bigger-picture perspective in one tool.
4. Advanced Metrics Table
- Users can enable a table that covers ROI calculations, volatility-based risk (“Collateral Risk”), liquidity checks, DCA signals, and more.
- Rather than just seeing an oscillator value, traders can view additional metrics for selected assets in one place, helping them judge overall market conditions or assess multiple instruments simultaneously.
5. Flexible Overlay & Bar Coloring
- Signals can be displayed directly on the price chart (Overlay True) or in a sub-window (Overlay False).
- Bars themselves may change color (e.g., green for bullish or red for bearish) according to different rules—signals, dynamic cloud fill, correlation meter states, etc.
- This adaptability allows traders to keep the chart as simple or as info-rich as they prefer.
6. Custom Smoothing Options & HMA Extensions
- The oscillator can be processed further with a Hull Moving Average (HMA) to reduce noise while still reacting quickly to market changes.
- Slope-based coloring on the HMA provides an additional layer of visual feedback, which is not common in a standard oscillator.
By blending traditional momentum checks with slope-based color feedback, mean reversion triggers, divergence signals, correlation analysis, and an optional metrics table, Uptrick: Oscillator Spectrum offers a more rounded approach than a typical oscillator. It integrates multiple market insights—both visual and analytical—into one script, giving users a broader toolkit for studying potential reversals, gauging momentum strength, and assessing multi-asset trends.
## Conclusion
Uptrick: Oscillator Spectrum brings together multiple layers of analysis—oscillator momentum, divergence detection, correlation insights, HMA smoothing, and more—into one adaptable toolkit. It aims to streamline your charting process by offering meaningful visual cues (such as gradient fills and bar color shifts), advanced tables for broader market data, and flexible alerts to keep you informed of potential setups.
Traders can choose the specific features that suit their style, whether they prefer to focus on raw oscillator signals, multi-ticker correlation, or smooth trend cues from the HMA. By centralizing these different methods in one place, Uptrick: Oscillator Spectrum can help users build more structured approaches to spotting trend shifts and extended conditions, while also remaining compatible with additional analysis techniques.
---
### Disclaimer
This script is provided for informational purposes only and does not constitute financial or investment advice. Past performance is not indicative of future results, and all trading involves risk. You should carefully consider your objectives, risk tolerance, and financial situation before making any trading decisions.
MA Trend DashboardMA Trend Dashboard - Features
The MA Trend Dashboard is a versatile and user-friendly indicator designed to provide a comprehensive overview of market trends across multiple timeframes using moving averages (MAs). Here's what this script offers:
1. Dashboard Display
A compact and visually appealing dashboard is overlaid on the chart.
The dashboard displays the trend direction and deviation percentages for 30-minute, 1-hour, and 4-hour timeframes.
Users can position the dashboard in different locations (Top Right, Middle Right, or Bottom Right) and customize the text size (Tiny, Small, Normal).
2. Multi-Timeframe Trend Analysis
The script uses the concept of Multi-Timeframe (MTF) analysis to assess trends across:
30-minute (30m)
1-hour (1h)
4-hour (4h)
Each timeframe's trend is evaluated using the selected moving average method.
3. Customizable Moving Average Methods
Users can choose from various moving average calculation methods:
SMA (Simple Moving Average)
EMA (Exponential Moving Average)
SMMA (Smoothed Moving Average or RMA)
WMA (Weighted Moving Average)
VWMA (Volume-Weighted Moving Average)
This flexibility allows for tailored trend analysis based on the user's preferred methodology.
4. Visual Trend Indicators
Clear visual cues indicate the trend direction for each timeframe:
↑ (Up): Bullish trend.
↓ (Down): Bearish trend.
↘ (Weak Up): Mild bullishness.
↗ (Weak Down): Mild bearishness.
The background color of each cell dynamically changes based on the trend:
Green: Uptrend.
Red: Downtrend.
5. Deviation Percentage
The dashboard includes the percentage difference between the current price and the moving average for each timeframe.
Positive percentages are highlighted in green, and negative percentages in red.
6. Customization Options
Text Color: Allows users to adjust the color of the text displayed in the dashboard.
MA Length: Users can set the period for the moving averages (default is 50).
7. Dynamic Requests
Utilizes TradingView's dynamic_requests feature to ensure accurate real-time data across different timeframes without cluttering the chart.
Usage
This indicator is ideal for traders who want a quick and reliable snapshot of market trends across multiple timeframes. It is particularly suited for intraday and swing trading strategies, offering insights into price momentum and potential reversals.
Dynamic Display for Max/Min MA Types with Fake-Out FilterDynamic Moving Average Max/Min Indicator with Step Line Break
**** select the setting to STEP LINE BREAK****
This indicator provides a powerful way to identify dynamic entry and stop-loss levels for both long and short trades. It calculates the maximum and minimum values of a selected moving average (MA) over a specified lookback period, adapting dynamically to market conditions. It features options for various MA types, including SMA, EMA, HMA, RMA, and DEMA, to suit different trading strategies and styles.
How It Works
1. Moving Average Selection: Choose the type of moving average (SMA, EMA, HMA, RMA, or DEMA) and its period (e.g., HMA 13).
2. Max/Min Calculation: The indicator calculates the highest and lowest values of the selected moving average over a specified lookback period (e.g., 5 candles).
3. Dynamic Plotting:
• Bullish Market: When the price breaks the Max MA level, the Min level is plotted, trailing upward as a potential stop-loss for long trades.
• Bearish Market: When the price breaks the Min MA level, the Max level is plotted, trailing downward as a potential stop-loss for short trades.
4. Fake-Out Filter: If a candle breaks the Max/Min level but closes within the range (indicating a fake-out), the plots do not switch. This can cause repainting during volatile conditions, so use caution in high-wick markets.
Features
• Customizable Inputs: Adjust MA type, period, lookback, and timeframe to suit your trading strategy.
• Multi-Timeframe Flexibility: Works on all timeframes, from micro-scalping on the 1-minute chart to swing trading on higher timeframes.
• Trend Confirmation: Provides clear indications of when to enter or exit based on dynamic levels.
• Risk Management: Highlights stop-loss levels that trail the trend, helping to lock in profits or limit losses.
Advantages
1. Clear Entry/Exit Points: Provides actionable signals for both long and short trades, with defined stop-loss locations.
2. Customizable for Any Style: Tailor the indicator to your product, timeframe, and trading approach (scalping or swing trading).
3. Trend-Focused Guidance: Helps avoid counter-trend trades by showing the dominant trend direction.
4. Adaptive to Market Conditions: The dynamic nature of the indicator allows it to respond to both trending and consolidating markets.
Limitations
1. Repainting During Fake-Outs: The indicator can repaint during volatile periods with long wicks, as it filters for fake-out candles. This may create noise in certain market conditions.
2. Optimization Required: The ideal settings for MA type, period, and lookback are dependent on the market profile and need to be fine-tuned by the trader.
3. Less Effective in Consolidation: In sideways or choppy markets, the indicator may produce less reliable signals unless adjusted for lower sensitivity.
Trading Tips
• Use this indicator to focus on trending markets, avoiding trades against the prevailing trend. For example, during an uptrend, only take long trades and avoid shorts.
• Consider having two configurations: one for trending markets and one for consolidating markets, switching between them as needed.
• Pair this indicator with volume analysis, price action, or other complementary tools to increase accuracy and reduce noise.
This indicator is designed to be both an entry and risk management tool, enabling traders to make informed decisions while keeping risks in check.
GocchiMulti-Indicator: RSI & Moving Averages
This versatile TradingView indicator combines two essential tools for technical analysis—Relative Strength Index (RSI) and Moving Averages (MAs)—into one comprehensive solution. It is designed for traders seeking flexibility, customization, and efficiency in their charting experience.
Features:
Relative Strength Index (RSI):
Customizable RSI length.
Adjustable overbought and oversold levels.
Selectable source input (e.g., close, open, high, low).
Visual levels for overbought and oversold zones, aiding in quick trend and momentum identification.
Three Moving Averages:
Three independently customizable moving averages.
Options for Simple Moving Average (SMA) or Exponential Moving Average (EMA) for each line.
Adjustable lengths for short-, medium-, and long-term trend tracking.
Visual Enhancements:
Clear, color-coded plots for RSI and each moving average.
Overbought and oversold zones are highlighted with horizontal dotted lines.
Alerts:
Get notified when RSI crosses above the overbought level or below the oversold level.
Alerts help traders stay on top of potential market reversals or breakout opportunities.
Use Cases:
RSI Analysis: Spot overbought or oversold conditions to identify potential reversals.
Trend Following: Use moving averages to confirm trends or identify crossovers for potential entry and exit points.
Custom Strategies: Tailor the settings to fit specific trading styles, such as scalping, swing trading, or long-term investing.
This all-in-one indicator streamlines your analysis by reducing the need for multiple overlays, making your charts cleaner and more actionable. Whether you're a novice or an experienced trader, this tool provides the flexibility and insights you need to succeed in any market condition.
Arrow-SimplyTrade vol1.5-FinalTitle: Arrow-SimplyTrade vol1.5-Final
Description:
This advanced trading indicator is designed to assist traders in analyzing market trends and identifying optimal entry signals. It combines several popular technical analysis tools and strategies, including EMA (Exponential Moving Average), MA (Simple Moving Averages), Bollinger Bands, and candlestick patterns. This indicator provides both trend-following and counter-trend signals, making it suitable for various trading styles, such as scalping and swing trading.
Main Features:
EMA (Exponential Moving Average):
EMA200 is the main trend line that helps determine the overall market direction. When the price is above EMA200, the trend is considered bullish, and when the price is below EMA200, the trend is considered bearish.
It helps filter out signals that go against the prevailing market trend.
Simple Moving Averages (MA5 and MA15):
This indicator uses two Simple Moving Averages: MA5 (Fast) and MA15 (Slow). Their crossovers create buy or sell signals:
Buy Signal: When MA5 crosses above MA15, signaling a potential upward trend.
Sell Signal: When MA5 crosses below MA15, signaling a potential downward trend.
Bollinger Bands:
Bollinger Bands measure market volatility and can identify periods of overbought or oversold conditions. The Upper and Lower Bands help detect potential breakout points, while the Middle Line (Basis) serves as dynamic support or resistance.
This tool is particularly useful for identifying volatile conditions and potential reversals.
Arrows:
The indicator plots arrows on the chart to signal entry opportunities:
Green Arrows signal buy opportunities (when MA5 crosses above MA15 and price is above EMA200).
Red Arrows signal sell opportunities (when MA5 crosses below MA15 and price is below EMA200).
Opposite Arrows: Optionally, the indicator can also display arrows for counter-trend signals, triggered by MA5 and MA15 crossovers, regardless of the price's position relative to EMA200.
Candlestick Patterns:
The indicator detects popular candlestick patterns such as Bullish Engulfing, Bearish Engulfing, Hammer, and Doji.
These patterns are important for confirming entry points or anticipating trend reversals.
How to Use:
EMA200: The main trend line. If the price is above EMA200, consider long positions. If the price is below EMA200, consider short positions.
MA5 and MA15: Short-term trend indicators. The crossover of these averages generates buy or sell signals.
Bollinger Bands: Use these bands to spot overbought/oversold conditions. Breakouts from the bands may signal potential entry points.
Arrows: Green arrows represent buy signals, and red arrows represent sell signals. Opposite direction arrows can be used for counter-trend strategies.
Candlestick Patterns: Patterns like Bullish Engulfing or Doji can help confirm the signals.
Customizable Settings:
Fully customizable colors, line styles, and display settings for EMA, MAs, Bollinger Bands, and arrows.
The Candlestick Patterns feature can be toggled on or off based on user preference.
Important Notes:
This indicator is intended to be used in conjunction with other analysis tools.
Past performance does not guarantee future results.
Polish:
Tytuł: Arrow-SimplyTrade vol1.5-Final
Opis:
Ten zaawansowany wskaźnik handlowy jest zaprojektowany, aby pomóc traderom w analizie trendów rynkowych oraz identyfikowaniu optymalnych sygnałów wejścia. Łączy w sobie kilka popularnych narzędzi analizy technicznej i strategii, w tym EMA (Wykładnicza Średnia Ruchoma), MA (Prosta Średnia Ruchoma), Bollinger Bands oraz formacje świecowe. Wskaźnik generuje zarówno sygnały podążające za trendem, jak i przeciwnym trendowi, co sprawia, że jest odpowiedni do różnych stylów handlu, takich jak scalping oraz swing trading.
Główne Funkcje:
EMA (Wykładnicza Średnia Ruchoma):
EMA200 to główna linia trendu, która pomaga określić ogólny kierunek rynku. Gdy cena znajduje się powyżej EMA200, trend jest uznawany za wzrostowy, a gdy poniżej EMA200, za spadkowy.
Pomaga to filtrować sygnały, które są niezgodne z głównym trendem rynkowym.
Proste Średnie Ruchome (MA5 i MA15):
Wskaźnik używa dwóch Prostych Średnich Ruchomych: MA5 (szybka) oraz MA15 (wolna). Ich przecięcia generują sygnały kupna lub sprzedaży:
Sygnał Kupna: Kiedy MA5 przecina MA15 od dołu, sygnalizując potencjalny wzrost.
Sygnał Sprzedaży: Kiedy MA5 przecina MA15 od góry, sygnalizując potencjalny spadek.
Bollinger Bands:
Bollinger Bands mierzą zmienność rynku i mogą pomóc w identyfikowaniu okresów wykupienia lub wyprzedania rynku. Górna i dolna linia pomagają wykrywać punkty wybicia, a Środkowa Linia (Basis) działa jako dynamiczny poziom wsparcia lub oporu.
Narzędzie to jest szczególnie przydatne w wykrywaniu warunków zmienności i potencjalnych odwróceń trendu.
Strzałki:
Wskaźnik wyświetla strzałki na wykresie, które wskazują sygnały kupna i sprzedaży:
Zielona strzałka wskazuje sygnał kupna (gdy MA5 przecina MA15 i cena jest powyżej EMA200).
Czerwona strzałka wskazuje sygnał sprzedaży (gdy MA5 przecina MA15 i cena jest poniżej EMA200).
Strzałki w przeciwnym kierunku: Opcjonalna funkcja, która pokazuje strzałki w przeciwnym kierunku, uruchamiane przez przecięcia MA5 i MA15, niezależnie od pozycji ceny względem EMA200.
Formacje Świecowe:
Wskaźnik wykrywa popularne formacje świecowe, takie jak Bullish Engulfing, Bearish Engulfing, Hammer oraz Doji.
Formacje te pomagają traderom potwierdzić punkty wejścia i przewidzieć możliwe odwrócenia trendu.
Jak Używać:
EMA200: Główna linia trendu. Jeśli cena jest powyżej EMA200, rozważaj pozycje długie. Jeśli cena jest poniżej EMA200, rozważaj pozycje krótkie.
MA5 i MA15: Śledzą krótkoterminowe zmiany trendu. Przecięcia tych średnich generują sygnały kupna lub sprzedaży.
Bollinger Bands: Używaj tych pasm do wykrywania wykupionych lub wyprzedanych warunków. Wybicia z pasm mogą wskazywać potencjalne punkty wejścia.
Strzałki: Zielona strzałka wskazuje sygnał kupna, a czerwona strzałka sygnał sprzedaży. Strzałki w przeciwnym kierunku mogą być używane do strategii przeciwtrendowych.
Formacje Świecowe: Formacje takie jak Bullish Engulfing czy Doji mogą pomóc w potwierdzaniu sygnałów.
Ustawienia Personalizacji:
W pełni personalizowalne kolory, style linii i ustawienia wyświetlania dla EMA, MAs, Bollinger Bands oraz strzałek.
Funkcja Formacji Świecowych może być włączana lub wyłączana według preferencji użytkownika.
Ważne Uwagi:
Ten wskaźnik powinien być używany w połączeniu z innymi narzędziami analizy rynku.
Wyniki z przeszłości nie gwarantują wyników w przyszłości.
Previous Day High and Low by DRK TradingThe Previous Day High and Low Indicator is a simple yet powerful tool designed for traders who want to keep track of critical levels from the previous trading session. This indicator automatically marks the high and low of the previous day on your chart with dashed horizontal lines, making it easier to identify key support and resistance zones.
Features:
Horizontal Lines: Clearly marks the previous day's high and low levels.
Dynamic Updates: Automatically updates at the start of a new trading day.
Visual Clarity: Includes labels at the start of the day for quick reference.
Customizable: Works seamlessly across all timeframes and instruments.
Use Case:
Identify potential breakout and reversal zones.
Enhance intraday and swing trading strategies by focusing on key price levels.
Plan stop-loss and target levels based on historical price movements.
This indicator is perfect for price action traders, intraday scalpers, and swing traders who rely on past price behavior to make informed decisions.
Future Trend Indicator (FTI) with Heiken AshiDescription: Future Trend Indicator (FTI)
The Future Trend Indicator (FTI) is a versatile and innovative tool designed to analyze market trends, smooth out noise, and provide a forward-looking forecast of potential price movements. Built with advanced features such as polynomial regression, EMA smoothing, confidence bands, and cross-validation metrics, this indicator offers a comprehensive approach for traders to gain insights into future price trends while maintaining realistic error margins.
Key Features:
Exponential Moving Average (EMA) Integration
The FTI incorporates a user-configurable EMA to smooth out short-term price fluctuations and highlight the overall market trend. This provides a stable and reliable reference for assessing price action.
Noise Reduction via Median Filter
To improve signal clarity, the source data is processed using a Median Filter, effectively reducing the impact of outliers and market noise. This ensures that the forecast focuses on meaningful price movements.
Polynomial Regression Forecast
A polynomial regression model is used to project future price movements based on historical data. This advanced statistical approach models potential non-linear trends, offering a sophisticated and adaptive forecast for the next specified period.
Confidence Bands for Forecast Accuracy
Upper and lower confidence bands are calculated using standard deviation, visually representing the potential error margin around the forecast. This feature provides traders with an understanding of the forecast's reliability and the expected price range.
Dynamic Visualization
The indicator uses visually appealing and intuitive plotting techniques:
A forecast line dynamically shifts based on polynomial regression and historical data.
Confidence bands are displayed with semi-transparent green (upper) and red (lower) shading for quick visual interpretation.
The EMA is displayed as a blue line for smooth trend observation.
Cross-Validation with RMSE (Root Mean Square Error)
The indicator includes an error metric to measure the accuracy of its forecast against actual future price movements. The RMSE is displayed as a yellow label on the chart, helping traders evaluate the forecast's historical precision.
Flexible Data Source
By default, the FTI uses hlc3 (the average of high, low, and close prices) as its source, providing a balanced view of market activity. Traders can easily customize this input to suit their preferences.
Forecast Customization
Users can configure the length of the forecast, moving average, and EMA to tailor the indicator to different trading styles and timeframes.
Short-Term Traders (Scalping/Day Trading)
EMA Length: 10
Moving Average Length: 5 to 10
Forecast Length: 50
Source: hlc3 (default)
Adjust noise filter (src_filtered) only if necessary.
Medium-Term Traders (Swing Trading)
EMA Length: 20
Moving Average Length: 10 to 20
Forecast Length: 100
Source: hlc3 (default)
Confidence bands can help manage risk for swing trades.
Long-Term Traders (Position Trading)
EMA Length: 50 to 200
Moving Average Length: 20 to 50
Forecast Length: 200
Source: hlc3 or ohlc4 for smoothing.
General Adjustments for Specific Markets:
Crypto (Highly Volatile)
EMA Length: 10 to 20
Moving Average Length: 10
Forecast Length: 50 to 100
Median filter length: 5
Forex (Moderately Volatile)
EMA Length: 20 to 50
Moving Average Length: 20
Forecast Length: 100
Median filter length: 5
Stocks/Indices (Less Volatile)
EMA Length: 50
Moving Average Length: 20
Forecast Length: 100 to 200
Median filter length: 5
Holy-Cow IndicatorHoly-Cow Indicator
Advanced Multi-Pattern Candlestick Analyzer (HC, NV, RN)
Description
Overview
This indicator is designed to detect key candlestick patterns based on foundational principles of price action analysis, now presented with a modernized approach for easier recognition and enhanced utility. Drawing inspiration from the work of candlestick charting pioneer Steve Nison (Japanese Candlestick Charting Techniques) and advanced price action strategies popularized by Linda Raschke (Street Smarts), this tool identifies and highlights unique combinations such as the Holy-Cow (HC), Nova (NV), and Red-Nova (RN) patterns.
These patterns simplify the complexities of price action into actionable setups, making them suitable for all types of traders.
Features
Inside Bars (IB):
Marks consolidation zones where the current candle’s range is inside the previous candle’s range. Useful for spotting breakout opportunities.
Outside Bars (OB):
Identifies candles where the current range exceeds the previous candle’s range.
Indicates potential reversals or trap setups.
Holy-Cow Pattern (HC):
Inspired by: Trap + Consolidation Setup
An Outside Bar followed by an Inside Bar.
Highlights volatility followed by tight consolidation, often preceding a breakout.
Nova Pattern (NV):
Inspired by: Breakout Trap + Expansion
An Inside Bar followed by an Outside Bar.
Signals breakout traps and subsequent volatility, useful for reversals or momentum moves.
Red-Nova Pattern (RN):
Inspired by: Volatility Trap + Major Breakout Zone
A combination of Holy-Cow (HC) and Nova (NV) patterns.
Represents a highly compressed market state, often leading to significant, high-intensity moves.
Bollinger Bands Integration:
Provides context on volatility and potential overbought/oversold levels.
Customizable Visibility:
Toggle specific patterns (IB, OB, HC, NV, RN) to suit your trading strategy.
How to Use
Pattern Detection:
Enable the patterns you want to focus on through the settings panel (e.g., HC for breakout setups, RN for high-intensity moves).
Observe highlighted zones and labels for actionable trade setups.
Trading Strategies:
Breakout Trades:
Look for HC, NV, or RN patterns near support/resistance and trade in the breakout direction.
Reversal Trades:
Use NV or RN patterns forming near key levels to catch reversals.
Stop-Loss:
Place below/above the low/high of the identified pattern.
Take Profit:
Use support/resistance levels, Fibonacci extensions, or a predefined risk-reward ratio (e.g., 2:1).
Recommended Timeframes:
1–15 minutes: Scalping or intraday trading.
1-hour: Intraday and swing trading.
Daily/Weekly: Ideal for significant trend analysis and major market moves.
Acknowledgments
This indicator is based on well-established trading principles and enhanced with unique combinations for modern trading. The foundational ideas behind these patterns are drawn from:
Steve Nison: Who introduced candlestick charting to Western traders in his seminal work, Japanese Candlestick Charting Techniques, and popularized concepts such as Inside and Outside Bars.
Linda Raschke: Who furthered the application of price action patterns in her book Street Smarts, showcasing multi-bar setups and momentum strategies.
While the patterns Holy-Cow (HC), Nova (NV), and Red-Nova (RN) are unique to this indicator, they build upon these foundational principles to offer traders actionable insights.
Disclaimer
This indicator is an independent creation inspired by publicly available price action principles. It is not affiliated with any proprietary tool or service. Back testing and proper risk management are strongly advised before live trading.
Advanced Trend Navigator Suite [QuantAlgo]Elevate your investing and trading with Advanced Trend Navigator Suite by QuantAlgo! 💫📈
The Advanced Trend Navigator Suite is a versatile technical indicator designed to empower investors and traders across all experience levels with clear, actionable market insights. Built on the proven Hull Moving Average framework and enhanced with proprietary trend scoring technology, this premium tool offers flexible integration with existing strategies while maintaining effectiveness as a standalone system. By combining reduced-lag HMA mechanics with dynamic state management, it provides investors and traders the ability to identify and capitalize on trending opportunities while maintaining robust protection against market noise. Whether your focus is on position trading, swing trading, or long term investing, the Advanced Trend Navigator Suite adapts to various market conditions and asset classes through its customizable parameters and intuitive visual feedback system.
🏛️ Indicator Architecture
The Advanced Trend Navigator Suite provides a sophisticated framework for assessing market trends through a harmonious blend of HMA dynamics and state-based calculations. Unlike traditional moving average systems that use fixed parameters, this indicator incorporates smart trend scoring measurements to automatically adjust its sensitivity to market conditions. The core algorithm employs an optimized HMA system combined with multi-window trend evaluation, creating a self-adjusting mechanism that adapts based on market momentum. This adaptive approach allows the indicator to maintain its effectiveness across different market phases - from ranging to trending conditions. The trend scoring system acts as dynamic confirmation levels, while the gradient fills between HMA and price provide instant visual feedback on trend direction and strength.
📊 Technical Composition and Calculation
The Advanced Trend Navigator Suite is composed of several technical components that create a dynamic trending system:
Hull Moving Average System: Utilizes weighted calculations for primary trend detection
Trend Score Integration: Computes and evaluates momentum across multiple time windows
Dynamic State Management: Creates adaptive boundaries for trend validation
Gradient Visualization: Provides progressive visual feedback on trend strength
📈 Key Indicators and Features
The Advanced Trend Navigator Suite utilizes customizable length parameters for both HMA and trend calculations to adapt to different investing and trading styles. The trend detection component evaluates price action relative to the dynamic state system to validate signals and identify potential reversals.
The indicator incorporates multi-layered visualization with:
Color-coded HMA lines adapting to trend direction
Dynamic gradient fills between HMA and price
State-based candle coloring system
Clear trend reversal signals (▲/▼)
Precise entry/exit point markers
Programmable alerts for trend changes
⚡️ Practical Applications and Examples
✅ Add the Indicator: Add the indicator to your TradingView chart by clicking on the star icon to add it to your favorites ⭐️
👀 Monitor Trends: Watch the HMA line and gradient fills to identify trend direction and strength. The dynamic color transitions and candle coloring provide immediate visual feedback on market conditions.
🎯 Track Signals: Pay attention to the trend reversal markers that appear on the chart:
→ Long signals (▲) appear when price action confirms a bullish trend reversal
→ Short signals (▼) indicate validated bearish trend reversals
🔔 Set Alerts: Configure alerts for trend changes in both bullish and bearish directions, ensuring you never miss significant technical developments.
🌟 Summary and Tips
The Advanced Trend Navigator Suite by QuantAlgo is a sophisticated technical tool designed to support trend-following strategies across different market environments and asset classes. By combining HMA analysis with dynamic trend scoring, it helps traders and investors identify significant trend changes while filtering out market noise, providing validated signals. The tool's adaptability through customizable HMA lengths, trend scoring, and threshold settings makes it suitable for various trading/investing timeframes and styles, allowing users to capture trending opportunities while maintaining protection against false signals.
Key parameters to optimize for your investing and/or trading style:
HMA Length: Adjust for more or less sensitivity to trend changes
Analysis Period: Fine-tune trend calculations for signal stability
Window Range: Balance between quick signals and stability
Threshold Values: Customize trend validation levels
Visual Settings: Customize appearance with color and display options
The Advanced Trend Navigator Suite by QuantAlgo is particularly effective for:
Identifying sustained market trends
Detecting trend reversals with confirmation
Measuring trend strength and duration
Filtering out market noise and false signals
Remember to:
Allow the indicator to validate trend changes before taking action
Combine with volume and other form of analysis and/or system for additional confirmation
Consider multiple timeframes for a complete market view
Adjust thresholds based on market volatility conditions
Filtered ATR with EMA OverlayFiltered ATR with EMA Overlay is an advanced volatility indicator designed to provide a more accurate representation of market conditions by smoothing the standard Average True Range (ATR). This is achieved by filtering out extreme price movements and abnormal bars that can distort traditional ATR calculations.
The indicator applies an Exponential Moving Average (EMA) to the filtered ATR, creating a dual-layered system that highlights periods of increased or decreased volatility.
Key Features:
Filtered ATR: Filters out extreme bars, reducing noise and making the ATR line more reliable.
EMA Overlay: An EMA (default period of 10) is applied to the filtered ATR, allowing traders to track average volatility trends.
Volatility Signals:
Filtered ATR > EMA(10): Indicates higher-than-average volatility. This often correlates with trend breakouts or strong price movements.
Filtered ATR < EMA(10): Suggests reduced volatility, signaling potential consolidation or sideways price action.
Parameters:
atrLength (Default: 5):
The number of bars used to calculate the ATR. A shorter period (e.g., 3-5) responds faster to price changes, while a longer period (e.g., 10-14) provides smoother results.
multiplier (Default: 1.8):
Controls the sensitivity of the filter. A lower multiplier (e.g., 1.5) filters out more bars, resulting in smoother ATR. Higher values (e.g., 2.0) allow more bars to pass through, retaining more price volatility.
maxIterations (Default: 20):
The maximum number of bars processed to detect abnormal values. Increasing this may improve accuracy at the cost of performance.
ema10Period (Default: 10):
The period for the Exponential Moving Average applied to the filtered ATR. Shorter periods provide faster signals, while longer periods give smoother, lagging signals.
Trading Strategies:
1. Breakout Strategy:
When filtered ATR crosses above EMA(10):
Enter long positions when price breaks above a key resistance level.
Higher volatility suggests strong price action and momentum.
When filtered ATR drops below EMA(10):
Exit positions or tighten stop-loss orders as volatility decreases.
Lower volatility may indicate consolidation or trend exhaustion.
2. Trend Following Strategy:
Use the filtered ATR line to track overall volatility.
If filtered ATR consistently stays above EMA: Hold positions or add to trades.
If filtered ATR remains below EMA: Reduce position size or stay out of trades.
3. Mean Reversion Strategy:
When filtered ATR spikes significantly above EMA, it may indicate market overreaction.
Look for price to revert to the mean once ATR returns below the EMA.
4. Stop-Loss Adjustment:
As volatility increases (ATR above EMA), widen stop-loss levels to avoid being stopped out by random fluctuations.
In low volatility (ATR below EMA), tighten stop-losses to minimize losses during low activity periods.
Benefits:
Reduced Noise: By filtering abnormal bars, the indicator provides cleaner signals.
Better Trend Detection: EMA smoothing highlights volatility trends.
Adaptable: The indicator can be customized for scalping, day trading, or swing trading.
Intuitive Visualization: Traders can visually see volatility shifts and adjust strategies in real-time.
Best Practices:
Timeframes: Works effectively on all timeframes, but higher timeframes (e.g., 1H, 4H, Daily) yield more reliable signals.
Markets: Suitable for forex, crypto, stocks, and commodities.
Combining Indicators: Use in combination with RSI, Moving Averages, Bollinger Bands, or price action analysis for stronger signals.
How It Works (Under the Hood):
The script calculates the Daily Range (High - Low) for each bar.
The largest and smallest bars are filtered out if their difference exceeds the multiplier (default 1.8).
The remaining bars are averaged to generate the filtered ATR.
An EMA(10) is then applied to the filtered ATR for smoother visualization.
The Ultimate strategy by ATK**The Ultimate Strategy by ATK**
This comprehensive trading script is designed to enhance market analysis and trading strategies by integrating advanced tools for market structure, SMT (Separation and Divergence), Fair Value Gaps (FVG), and session-based insights. With customizable features, real-time alerts, and multi-timeframe functionality, this script caters to both scalpers and long-term traders seeking deeper market insights.
### 🔵 **Key Features**
**🔹 SMT (Divergence) Detection:**
- **High/Low SMT Analysis:** Compares highs and lows between a primary symbol (e.g., NQ1!) and a user-defined comparison symbol (e.g., ES1!).
- Automatically visualizes discrepancies with red (highs) and green (lows) lines.
- Supports two modes: real-time comparison and historical range checks.
- Alerts for detected SMT conditions.
- **Close Price SMT Analysis:** Compares closing prices to highlight divergences.
- Includes user-defined lookback periods and granular cycle-based SMT detection.
**🔹 PSP (Precision Swing Point):**
- Detects and highlights price divergences between symbols, such as NQ and ES, with multi-timeframe compatibility (15-minute, 1-hour, 4-hour).
- Integrated PSP table for visualizing divergences across timeframes.
- Configurable for first PSP detection only or all patterns without lower timeframe interference.
**🔹 Session Analysis with ASIA Session Insights:**
- Tracks high and low prices during the Asia session (1:00–7:00 AM Israel time).
- Draws horizontal lines marking session highs and lows.
- Alerts when prices cross session boundaries.
**🔹 FFMS (First Five-Minute Strategy):**
- Utilizes the high and low of the first five minutes of the trading day.
- Generates buy or sell signals based on retracement and breakout conditions around the previous day’s high/low.
- Real-time alerts for long and short opportunities.
**🔹 Multi-Timeframe Tables and Alerts:**
- Displays SMT and PSP conditions across multiple timeframes (1-minute, 15-minute, 1-hour, etc.).
- Alerts for SMT divergences and PSP patterns across selected time intervals.
**🔹 Visual Enhancements and Customizability:**
- Color-coded lines and labels for easy interpretation of SMT, PSP, and session levels.
- User-friendly input settings for symbol selection, session tracking, and cycle configuration.
- Flexible session range adjustments with macro and micro cycle segmentation (90-minute and 6-hour sessions).
### 🎯 **Use Cases**
- **Scalping:** Analyze short-term divergences with real-time SMT and PSP detection on lower timeframes.
- **Swing Trading:** Leverage session-based insights and SMT conditions to identify potential reversal points.
- **Multi-Symbol Analysis:** Compare key indices or assets (e.g., NQ vs. ES) for SMT-based opportunities.
This script is perfect for traders looking to combine advanced tools into a seamless, actionable trading system. Stay ahead of the markets with **The Ultimate Strategy by ATK**!
