BE - Pr_DayLowHigh_BreakoutScreener AlgoHerewith presenting the Screener based indicator which supports Algo trade on the NSE stocks. The idea behind this indicator is when the Current day stock breaks out of Yesterday's high or Low with promising volumes (Using MA's and POC of Volume Profile) along with formation of candle Pattern. Initiates the Trade entries.
Note: Indicator is designed to take an entry even before the candle is closed as soon as the entry level is crossed and it shall exit the trade as soon as the SL is hit even before candle is close.
How to Work with this Indicator.
You can map up to 15 Scripts in this indicator. However you may decide if you wish to load all 15 are few of them. if you wish to load only 10, below settings should help you ignore the rest 10 symbols from screening it for setups
Updating Symbol Script.
This is an important part is used for Algo trades. Read the tooltip for better understanding of the format. Acceptable format is Broker Name followed with : and space with Symbol mapping Name followed with / and Instrument token provided by broker if no token alloted for the script then you may keep 0 against symbol name followed with / and Qty in terms of absolute value or in terms of percentage.
Trade and Scan Settings
Symbol List Mapping
For Improvements in Results - Use Events and keep a track of it / use Nudges etc.
Pesquisar nos scripts por "the script"
Liquidation Levels - By LeviathanThis indicator generates liquidation levels of over-leveraged traders and utilizes a variety of different tools to analyze data such as Open Interest and Volume to provide an edge in your trading system and help you with valuable market insights.
The concept of this indicator is inspired by the platform Hyblock and their Liquidation Levels tool.
The script offers a lot of flexibility in settings, so please read these instructions and test out different parameters to see what works best for you. Here is a short overview of all inputs, one by one.
PRIMARY SOURCE OF DATA
This input allows you to choose the primary source of data that the script uses to calculate liquidation levels. I encourage you to test them all and see which works best for the assets and timeframes you trade. You can also regularly switch between to see confluences.
My personal favorite inputs (and also most accurate ones) are Open Interest, Open Interest + Volume (OI+VOL), and Open Interest + CVD (OI+CVD), as they utilize Open Interest in the calculations, which is the most important factor when it comes to analyzing position opening/closing and market activity in general. The other options that do not include Open Interest (Volume, CVD) were mainly added to provide the possibility to use the indicator on pairs where OI data is not available. Please note that this indicator is built on Tradingview and can only use data (e.g., Open Interest) provided by Tradingview, which is unfortunately quite limited. This is why I recommend using the script with OI-based data source inputs on Binance's perpetual futures pairs, as this is where OI data is available. The volume-based data source inputs can be used on spot pairs, forex, indices, and other markets, where Open Interest data is not provided.
To summarize the use of Primary Source of Data input:
1. Open Interest - use on Binance’s perpetual futures or anywhere else where OI data is available
2. OI + VOL - use on Binance’s perpetual futures or anywhere else where OI data is available
3. OI + CVD - use on Binance’s perpetual futures or anywhere else where OI data is available
4. CVD - use on any pair you wish
5. Volume - use on any pair you wish
DIRECTIONAL BIAS
If turned on, the Directional bias function uses volume and some other calculations to predict which side’s liquidation levels are more likely to be filled and only keep those levels on your chart.
- Directional Bias for Liquidation Levels
Turned ON: only one side’s liquidation levels are shown on the chart
Turned OFF: all liquidation levels are shown on the chart
- Directional Bias for Liquidation Level Bubbles
Turned ON: only one side’s liquidation level bubbles are shown on the chart
Turned OFF: all liquidation level bubbles are shown on the chart
I've separated directional bias options between Liquidation Levels and Liquidation Level Bubbles because sometimes it can be useful to have one of them ON and the other one OFF.
REDUCE SENSITIVITY
The Reduce Sensitivity option allows you to multiply the thresholds for "Smaller Size Liquidation," "Medium Size Liquidation," and "Large Size Liquidation" simultaneously. This is a useful feature as it enables you to easily filter larger positions and their liquidations without having to manually alter the standard deviation multipliers, which will be discussed in further detail later in the article.
The default value is 1, which means that it does nothing.
Increasing it above 1 will increase all thresholds and therefore generate fewer liquidation levels but with larger relative sizes.
Decreasing it below 1 will lower all thresholds and therefore generate more liquidation levels but with both smaller and larger relative sizes.
BASE
This input gives you the possibility to choose between four different bases, from which the liquidation levels will be generated.
CLOSE ⇒ Levels are plotted above and below the close of the candle
HALF ⇒ Levels are plotted above and below the middle of the candle ((high+low)/2)
VWAP ⇒ Levels are plotted above and below the volume-weighted average price
VWMA ⇒ Levels are plotted above and below the volume-weighted moving average
I suggest that you backtest them and see what works best for you.
LIQUIDATION LEVEL BUBBLES
If enabled, "Liquidation Level Bubbles" mark the beginning of a new liquidation level and indicate the relative size of liquidations that would occur if the price were to reach that level.
Liquidation Bubbles or Liquidation Levels in general appear when there is a large influx of new positions and logically, (significant) new positions lead to (significant) new liquidation levels. Liquidation Bubbles can be used to estimate the size and therefore significance of a given liquidation level. It could be argued that the price is more likely to be attracted to larger Liquidation Level Bubbles. While this is often true, it is not always the case as the strong momentum created by large positions can sustain for a prolonged period before reversing and filling the remaining levels Similarly to other features in this indicator, significant new positions are identified and filtered using standard deviation thresholds and their multipliers. New positions are considered significant when newly opened positions exceed the threshold for "Smaller Size Liquidation," leading to the creation of new liquidation levels and bubbles.
1. If new positions exceed the first standard deviation multiplier ("Smaller Size Liquidation Level"), but do not exceed “Medium Size Liquidation Level”, a smaller-sized bubble appears.
2. If new positions exceed the second standard deviation multiplier (”Medium Size Liquidation Level”), but do not exceed “Large Size Liquidation Level”, a medium-sized bubble appears.
3. If new positions surpass the third standard deviation multiplier (”Large Size Liquidation Level”), a large-sized bubble appears.
Significant opened positions are identified and filtered by size using three "thresholds" in the form of standard deviations, which can be modified in the indicator settings, in the section called "Standard Deviation Multipliers".
**Increasing** the standard deviation multipliers of Liquidation Level Bubbles effectively increases the threshold for a given bubble to occur, making the conditions for its appearance stricter.
⇒ Fewer Liquidation Levels - just larger positions are included
**Decreasing** the standard deviation multipliers of Liquidation Level Bubbles effectively decreases the threshold for a given bubble to occur, making the conditions for its appearance looser.
⇒ More Liquidation Levels - smaller positions are included
Keep in mind that this should always be the case:
*Smaller Size Liquidation Level < Medium Size Liquidation Level < Large Size Liquidation Level*
MARKET ORDER BUBBLES
"Market Order Bubbles" is my experimental concept used as a way to analyze large volumes and visualize the market activity at significant levels under certain conditions. It is based on my imitation of CVD which is also used in other parts of the script. The aim of this concept is to give you an idea about the real-time heavy market buying and selling, which could indicate eg. large liquidations, large entries/exits. in order to add confluence to your analysis. Please note that this concept is still in its early stages and may be confusing as it might have been poorly implemented. I recommend taking the time to thoroughly read through this section in order to fully understand it. On the other hand, early backtesting results appear very promising, as the win rate of countertrading buy and sell bubbles under certain conditions was fairly high (70%). I will continue working on this tool, so stay tuned for future updates.
**Market Buy Order Bubbles** appear above the price and possibly signal the following:
- Short positions being liquidated (exit short = buy order)
- New traders entering late longs based on FOMO (enter long = buy order)
- New short positions (sells) of “smarter” traders absorbing liquidated/closed shorts (buys)
⇒ Possible reversal to the downside - look for the liquidation levels of longs to get filled
**Market Sell Order Bubbles** appear below the price and possibly signal the following:
- Long positions being liquidated (exit long = sell order)
- New traders entering late shorts based on FOMO (enter short = sell order)
- New long positions (buys) of “smarter” traders absorbing liquidated/closed longs (sells)
⇒ Possible reversal to the upside - look for the liquidation levels of shorts to get filled
significant volumes are identified and filtered using three “thresholds” in the form of standard deviations, which can be modified in indicator settings.
1. If buy/sell volume surpasses the first standard deviation (”**Smaller Size Market Orders**”), then the **smaller-sized bubble** appears.
2. If buy/sell volume surpasses the second standard deviation (”**Medium Size Market Orders**”), then the **medium-sized bubble** appears.
3. If buy/sell volume surpasses the third standard deviation (”**Large Size Market Orders**”), then the **large-sized bubble** appears.
**Increasing** the standard deviation multipliers effectively increases the threshold for a given bubble to appear, making the conditions for its occurrence more strict.
**Decreasing** the standard deviation multipliers effectively decreases the threshold for a given bubble to appear, making the conditions for its occurrence more strict.
Keep in mind that this should always be the case:
*Smaller Size Market Orders < Medium Size Market Orders < Large Size Market Orders*
COLOR CANDLES
The Color Candles function is a useful and interesting feature that will enhance your analysis with additional context. If enabled, the indicator will color the chart's candles based on different data. Currently, there are three options to choose from, with more to be added in future updates.
Color Candles: OI DELTA
This option will color the candles to reflect Open Interest Delta. If there is a net increase in open positions (positive Open Interest Delta), the candle will be colored green. If there is a net decrease in open positions (negative Open Interest Delta), the candle will be colored red. It is important to note that this option only functions on pairs for which Tradingview provides OI data
Color Candles: VOLUME
This option utilizes volume data to help you identify the trend and momentum, coloring the candles accordingly - upward impulses are colored green and downward impulses are colored red. This makes it easier to recognize trend reversals and adjust your directional bias accordingly.
Color Candles: STOCH
This option uses the Stochastic Oscillator and SMA to color the candles, helping you identify momentum as upward green moves transition to downward red moves and vice versa.
LEVERAGE RATIO
Leverage ratio is another experimental concept I have added to this script. If turned on, it provides a broad insight into whether the market is relatively over-leveraged or if the leverage is relatively low. The aim is to use it as a confluence in anticipating incoming volatility and possibly use it to understand other aspects of market activity. It is still in its early stages of development and needless to say, it only works on pairs where Open Interest data is provided by Tradingview.
Crosses above price = Leverage is relatively high
Crosses below price = Leverage is relatively low
MARKET INFO SCREENER, LEVEL LEGEND, HIDE FILLED LINES
The last three inputs of Basic Settings section:
”The Market Info Screener” feature will display a small panel on the right side of your chart that provides useful data about the market, including Open Interest, Volume, the aggressive side of traders, and the Leverage Ratio. More data coming in future updates.
"Level Legend" option will display a small legend on the right side of the chart, helping you or others viewing the chart to understand what the objects on the chart mean.
"Hide Filled Lines" option will hide liquidation levels that have already been filled, only displaying the active ones in order to reduce clutter on your chart.
APPEARANCE
The “Appearance” settings offer a variety of modifications for colors, styles, and visibility.
The "Line Style" input allows you to choose the style and width of the liquidation level lines. You can also select which levels to display, as well as the color of the liquidation level lines and bubbles. The "Max Number of Lines" input allows you to specify the number of level lines you want on a chart. If you feel that there is too much clutter, you can decrease this number, and old lines will be removed. Please note that Tradingview has a built-in limit of 500 lines on a given chart, so this value cannot be set above 500. The "Market Buy/Sell Bubble Style" input can be used to modify the color and style of the market order bubbles. Enabling the "Show Settings Screener" option will display a screener with a list of all your settings on the right side of the chart, making it easier to share your preferred settings with others."
STANDARD DEVIATION MULTIPLIERS
This is where you can set the standard deviation thresholds for Liquidation Levels and Market Order Bubbles. These values can be customized to your preference, as the default values may not be suitable for your needs or you may want to experiment with different values to see more or fewer liquidation levels or market order bubbles on your chart. Personally, I sometimes use this feature to increase the Large Size Market Orders or Large Size Liquidation Levels multipliers so that large-sized bubbles are only assigned to extremely large positions or volumes.
If you want to only analyze larger positions or volumes, you can increase the "Smaller Size" multipliers, which act as a minimum threshold.
If you also want to include even smaller positions or volumes in your analysis, you can decrease the values of the "Smaller Size" multipliers, which act as a minimum threshold
Please note that the "Reduce Sensitivity" option in Basic Settings affects the standard deviation multipliers of the liquidation levels. Changing the "Reduce Sensitivity" value will equally multiply all of them (the ratio between Smaller, Medium, and Large multiplier values will remain the same)
STANDARD DEVIATION LENGTH
"Standard Deviation Length" defines the length (number of bars) used in all calculations that utilize the standard deviation function in this script. Decreasing it will generate Liquidation Levels and Liquidation Bubbles based more on recent data. Increasing it will generate Liquidation Levels and Liquidation Bubbles based on more long-term data.
CVD LENGTH
"CVD Length" refers to the length used in calculating cumulative volumes. Decreasing it will generate Liquidation Levels, Market Order Bubbles, and apply Directional bias based more on recent data. Increasing it will generate those based on more long-term data."
LEVEL CALCULATION MODES
“Level Calculation Modes” enable you to switch between three modes of calculating the distance between the base and actual liquidation levels.
COPYRIGHT
"Copyright" option will add your username to the copyright section at the bottom of the chart, giving you credit for your analysis if you post it somewhere.
EMA + Supertrend with BUY a SELL signals by @zeusbottradingwe are presenting you new indicator with opensource script,
this indicator uses 3x EMAs and 2 supertrends. Supertrends generate SELL or BUY labels when they are both red or green, meaning uptrend or downtrend. Main idea behind this indicator is filtering supertrend labels by 3 EMAs (filter>All EMAs Aligned) or just 1 EMA 200 Only. EMA (Esxponential Moving Average) measures trend direction over a period of time . EMA should follow price section more closely than others moving averages. In the script is defaulty set EMA1 to calculet on 21 previouse candles which is good for calculating fast moving trends. EMA2 is defaulty set on 50 previouse candles which is use for medium moving trends. End lastly EMA3 is defaulty set on 200 candles to calculate long period moving trend.
You can setup sources of all EMAs and Supertrend values including ATR period and multiplier.
We also included Bearish and Bullish Engulfing candles for more precise entries. Bearish and Bullish Engulfing candels are marked by little triangle. Bearish candles means red candles, Bullish candles means green candles. Engulfing candles should be bigger than previouse candle. Engulfing candles used to indicate a market reversal
Buy signal is shown when close is between ATRs and close price of the candle is bigger than EMA3 when its used in Filter section 200 EMA Only . If in Filter section is choosed ALL EMAs Aligned Buy signal is shown when close is between ATRs and close price of the candle is bigger than EMA1 , EMA1 is bigger than EMA2 and EMA2 is bigger than EMA3 .
Sell signal is shown when close is between ATRs and close price of the candle is lower than EMA3 when its used in Filter section 200 EMA Only . If in Filter section is choosedALL EMAs Aligned Sell signal is shown when close is between ATRs and close price of the candle is lower than EMA1, EMA1 is lower than EMA2 and EMA2 is lower than EMA3 .
ATR (Average True Range) it is trading system that measures market volatility by decomposing the entire range of an asset price for choosen period.
You can use this indicator on any timeframe and any instrument.
Made with ❤️ for this community.
If you have any questions or suggestions, let us know.
The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold zeusbottrading TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script.
Multi PivotsThis script is meant for day traders. It's based on the CPR concepts. The pivots plots based on the timeframe, means less that 15minuts it will plot daily pivots, less that daily tf, it plots weekly and then monthly. It also includes Camarillas, ADR levels, Fibonacci levels based on last 500 candles, Fib pivots, Pivot zones, developing pivot, Vwap, Dashboard shows RSI,ADX,Vwap,SuperTrend and day price difference. Options available to plot Day HighLow, Initial Balance levels as well. There is option to show running CPR which highlights virgin CPR. It can plot next day pivots as well
I dont own any of codes or ideas in the script. Codes are taken from different scripts and altered based on the requirements. Kudos to all the great pinecoders who provided their codes as public which helps everyone. Thanks
Short PositionThis is a “twin” indicator to the “Long Position” indicator. Both of these indicators share very similar scripting elements, purpose, and calculation logic. Mathematical principles are basically flipped 180° if you were to compare them, although things can be very complex in the coding world.
These indicators are intended to be used separately or in conjunction with each other. The reason they’re separated into two publications is mostly to avoid confusion when navigating through the settings. Settings are also “color-coated” with default colors and we do not think that too much green belongs in the “Short Position” indicator. Also, we believe that if someone wants to sell, they shouldn’t have to think about buying and vice versa.
“How to use” & script information
Upon execution of this script, you will be asked to click on the chart’s timeline. The position will then lock onto the candlesticks in that area and automatically (according to this script’s algorithm) calculate a “reasonable” leverage , as well as stop-loss, targets , and more.
These calculated levels are based on previous volatility for that specific chart and timeframe. Volatility is determined by different elements defined in this script (closed-source). In short, the script’s volatility-based algorithms looks at previous price action and then applies a very precise logic to it.
Now the user has a starting point and can determine if the indicator did a good job or if they want to input their own values. Below are some available functions that also can be enabled in the settings.
Focus-assist: Volatility and position-based signal during strong movements relative to previous volatility.
Dynamic-target: Volatility and position-based target that closes the position when strong movements are identified.
To keep this description short, we will stop here.
Summary
With this indicator, it’s possible to set up “fake” positions and practice or “play” with buying and selling with leverage. You can look at past performance and thereafter use it from day to day and see if you can make the right decisions in the right moments. You can also “invent” your own use cases or maybe you just want to visualize leverage.
Long PositionThis is a “twin” indicator to the “Short Position” indicator. Both of these indicators share very similar scripting elements, purpose, and calculation logic. Mathematical principles are basically flipped 180° if you were to compare them, although things can be very complex in the coding world.
These indicators are intended to be used separately or in conjunction with each other. The reason they’re separated into two publications is mostly to avoid confusion when navigating through the settings. Settings are also “color-coated” with default colors and we do not think that too much red belongs in the “Long Position” indicator. Also, we believe that if someone wants to buy, they shouldn’t have to think about selling and vice versa.
“How to use” & script information
Upon execution of this script, you will be asked to click on the chart’s timeline. The position will then lock onto the candlesticks in that area and automatically (according to this script’s algorithm) calculate a “reasonable” leverage , as well as stop-loss, targets , and more.
These calculated levels are based on previous volatility for that specific chart and timeframe. Volatility is determined by different elements defined in this script (closed-source). In short, the script’s volatility-based algorithms looks at previous price action and then applies a very precise logic to it.
Now the user has a starting point and can determine if the indicator did a good job or if they want to input their own values. Below are some available functions that also can be enabled in the settings.
Focus-assist: Volatility and position-based signal during strong movements relative to previous volatility.
Dynamic-target: Volatility and position-based target that closes the position when strong movements are identified.
To keep this description short, we will stop here.
Summary
With this indicator, it’s possible to set up “fake” positions and practice or “play” with buying and selling with leverage. You can look at past performance and thereafter use it from day to day and see if you can make the right decisions in the right moments. You can also “invent” your own use cases or maybe you just want to visualize leverage.
Bitcoin Risk Long Term indicatorOBJECTIVE:
The purpose of this indicator is to synthesize via an average several indicators from a wide choice with in order to simplify the reading of the bitcoin price and that on a long term vision.
Useful for those who want to see things simply, typically to make a smart DCA based on risk.
I originally used this script as a sandbox to understand and test the usefulness of several indicators, and to develop my PineScript skills, but finally the Risk Indicator output seems relevant so I decided to share it.
USAGE:
The selected indicators are the ones that I think give the best market bottoms, but the idea here is that anyone can try and use any set of indicators based on those preferences (post in comments if you find a relevant config)
Most of the indicator inputs are configurable. And some are not taken into account in the calculation of the Risk indicator because I consider them not relevant, this script is also a test more than a final version.
NOTES :
If you have any idea of adding an indicator, modification, criticism, bug found: share them, it is appreciated!
In the future I will create another more versatile Risk indicator that will not be focused on bitcoin in weekly. (this indicator is still usable on other assets and timeframe)
THANKS:
to Benjamin Cowen for inspiring me with his Bitcoin Risk metric
to Lazybear for his Wavetrend Indicator and all the scripts he shares
to Mabonyi for his Bitcoin Logarithmic Growth Curves & Zones script
to VuManChu for his VMC Cypher B Divergence
to the Trading view team for developing TV and PineScript
And to all the community for all the published codes that allowed me to progress and create this script
---- FR ----
OBJECTIF :
L'objectif de cet indicateur est de synthétiser via une moyenne plusieurs indicateurs parmi un large choix avec afin de simplifier la lecture du cours de bitcoin et cela sur une vision longue terme.
Utile pour ceux qui veulent voir les choses simplement, typiquement faire un DCA intelligent en fonction du risque.
À la base j'ai utilisé ce script comme un bac à sable pour comprendre puis tester l'utilité de plusieurs indicateurs, et développer mes compétences PineScript, mais finalement l'output Risk Indicateur me semble pertinent donc autant le partager.
UTILISATION :
Les indicateurs sélectionnés sont ceux qui permettent selon moi d'avoir les meilleurs point bas de marché, mais l'idée ici est que chacun puisse essayer et utiliser n'importe quel ensemble d'indicateur en fonction de ces préférences (poster en commentaire si vous trouvez une configuration pertinente)
La plupart des inputs indicateurs sont paramétrables. Et certains ne sont pas pris en compte dans le calcul du Risk indicateur car je les estime non pertinent, ce script est aussi un essai plus qu'une version finale.
NOTES :
Si vous avez la moindre idée d'ajout d'indicateur, modification, critique, bug trouvé : partagez-les, c'est apprécié !
à l'avenir je créerais un autre Risk indicator plus polyvalent qui ne sera pas focalisé sur bitcoin en weekly. (cet indicateur est tout de même utilisable sur d'autre actif et timeframe)
REMERCIEMENT :
à Benjamin Cowen pour m'avoir inspiré avec son Bitcoin Risk metric
à Lazybear pour son Wavetrend Indicator et globalement tout les scripts qu'il partage
à Mabonyi pour son script Bitcoin Logarithmic Growth Curves & Zones
à VuManChu pour son VMC Cypher B Divergence
à l'équipe Trading view pour avoir développé TV et PineScript
Et à toute la communauté pour tous les codes publiés qui m'ont permis de progresser et de créer ce script
WavesTrend visualization tool in Wave theory. Unlike Elliot waves, it has a constant pattern length. The formation consists of impulse and 3 corrections.
The script analyzes candle relationships in the currect trend, trend will be continueted until candle are not breaking trend rules.
Currently it supports 2 rulesets/wave variants:
Low - More sensitive (trend will change more ofter).
Meddium - Less sensitive ( trend will change less ofter).
Simultaneous observation of both types allows to detect consolidation before the overlapping movement and increase the probability of indicating the moment of the movement occurrence.
Trend visualization tools is a starting point that can be conected with different technics, to achive better performance.
"Waves" is the primary script of the Waves script series with test free period that consists of:
- Waves + XABCD
- Waves + ZOOnes
- Waves Change Signals
- ... and more in developement.
Features:
- Show Low and Middle type/order waves
- Draw both Wave types at once.
- Shadow mode that show second wave moved to the wave max/min bars.
- "Alfred" assist - Label notifications about trend confirmations or changes.
Script settings:
Trend visualization
Type - Trend visualization types:
H - Hidden
L - Low
M - Medium
B - Both
Alfred - AI assistant that informs about wave confirmation or trend changes (With "Both" type Alfred will monit only Medium wave).
Shadow - Showing second reprezentation of the trend with drawing with the use of minimal and maximal values. It's usefull to determine the delay between the peak and a wave change signal.
Low/Med Line width/color - Width/color of drawn line. Separate setting for Low and Medium trend type.
Impuls visualization
Impuls - Drawing impuls modes:
H - Hidden
F - First
S - Second
A - Auto
Impuls color - Color of the first bullish arrow.
Draw arrow - Drawing arrow at the end of the first bullish arrow.
Extensions
Waves + XABCD - Showing base information about Waves + XABCD script
Waves + ZOOnes - Showing base information about Waves + ZOOnes script
Waves Change Signals - Showing based information about Waves Change Signals script.
more in developement...
Troubleshooting:
In case of any problems, send error details to the author of the script.
Trend Analysis Index [CC]The Trend Analysis Index was created by Adam White and not to be confused with the Trend Analysis Indicator that I also published. This indicator operates under the same idea but using a completely different calculation to achieve similar results. The idea behind this indicator is for a combination of volatility and trend confirmation. If the indicator is above it's signal line then the stock is very volatile and vice versa. If the stock is currently trending as in above a chosen moving average for example and the indicator falls below the signal line then there is a pretty good chance in a trend reversal. The recommended buy and sell system to use is to pair this indicator with a moving average crossover system which I have included in the script. Buy when the indicator is above it's signal and the shorter moving average crosses above the longer moving average. For selling you would do the same and sell when the indicator is above it's signal and the shorter moving average crosses below the longer moving average. I have included strong buy and sell signals in addition to the normal ones so stronger signals are darker in color and normal signals are lighter in color.
Let me know what other indicators or scripts you would like to see me publish!
[CLX][#01] Animation - Price Ticker (Marquee)This indicator displays a classic animated price ticker overlaid on the user’s current chart. It is possible to fully customize it or to select one of the predefined styles.
A detailed description will follow in the next few days.
Used Pinescript technics:
- varip (view/animation)
- tulip instance (config/codestructur)
- table (view/position)
By the way, for me, one of the coolest animated effects is by Duyck
We hope you enjoy it! 🎉
CRYPTOLINX - jango_blockchained 😊👍
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely.
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script.
Impact Zones - Skylyne InvestingWhat is the Impact Zone system:
The creation of Impact Zones started with our love for trading the Bond Market. Impact Zones were originally specifically tailored for the Bond market and now have been mastered to capture most of the Asset Classes out in the market today (Please look at Impact Zone Settings section for asset classes covered by this script). The Impact Zone system is a zone break (or market level break) following system with specific take profit points already established for you on the open of the market day (depending on your asset timing will vary).
*This script was designed for Intraday Trading, Long term or Swing Trading is not recommended with this system
The script will create buy and sell signals on the break of the Impact Zones when specific criteria is met along with the break of the zone. You do not have to use only our signals provided, you can also create your own trading rules based on our script.
Items to highlight:
Skylyne Upper Zone: Green Zone
Skylyne Middle: Yellow Line
Skylyne Lower Zone: Red Zone
Skylyne Take Profit Lines: Purple Lines
Skylyne Average: Orange Line (dynamic support/resistance)
Skylyne Overnight Session: Dark Blue (No Trade Zones)
Skylyne Signals: Buy / Sell
You can think of the Upper Zone as a bull zone and Lower zone as a bear zone, when price enters these zones we want to start watching price action to determine direction the market will take on the break or specified zone, whether it be a break and reversal or a break and run. This can be confirmed with either our signals (buy & sell) or the use of the dynamic support and resistance line (Skylyne Average).
Our script is written to capture market zones and place then on your screen with ease, we also have programmed in specific take profits and stop loss levels we have found the market respects on the intraday trading based on the Impact Zone captured.
The Impact Zones and Take Profit Levels change at Market open everyday. The levels provided will stay on your chart until the next Market open where the Impact Zones and Levels will change to accommodate that trading Day.
We recommend only using that trading days levels, however; using past levels can help trades depending on the case
The three Trades we want to highlight are:
1. Break of Impact Zones
a. This trade is taken when a break of the impact zone happens either in the positive or negative direction and traded to the next zone or take profit line (stop losses can be set with zones or the dynamic skylyne average crossovers)
2. Break of Skylyne Average
a. This trade is taken when price action confirms a bullish or bearish bias on the break of the average line (we would close this trade on the reverse break of the Skylyne Average using the zones as targets)
3. Break of the Skylyne Mid:
a. This trade is taken when a break of the Skylyne Mid level occurs and we use the upper and lower bounds of the Impact Zones as take profit and stop losses
Impact Zone Settings:
*Trading Category and Overnight Category must match the Asset Class being viewed on chart for accurate signals
1. Trading Category
a. Bonds
b. Corn/Wheat
c. Stocks
d. Index Futures
e. Euro/Dollar
f. Gold/Silver
2. Overnight Category
a. Bonds
b. Corn/Wheat
c. Stocks
d. Index Futures
e. Euro/Dollar
f. Gold/Silver
3. Chart Aggregation Limit (Default Value is 25 minutes)
Impact Zone Overnight Trading:
Impact Zone Overnight sessions are highlighted in a dark blue color and we use these highlighted time sessions as a NO TRADE session. Our system was built to be traded during normal market trading hours and overnight sessions tend to be less predictive in terms of direction and or zone reliance. If you choose to trade overnight sessions with Impact Zones, make sure you make a very in depth trading plan and stick to the rules set for yourself.
Impact Zone Signals:
1. Signals for buy or sell of the asset class happen on breaks of the Impact Zones, and when specific criteria are met that we determined necessary to evaluate the overall trend of the market
2. Not every break of the Impact Zones will trigger a signal
3. No signal will be generated during overnight sessions, we recommend studying overnight sessions before beginning to create your own overnight trading session plans based on Impact Zones
4. When a signal is generated you will use the next take profit line (purple line) in the direction of your trade you are in. Other trading signals were discussed above
5. If while you are in a trade and the skylyne average (orange line) is broke in the opposite direction of your trade you will take this as a dynamic stop, and in some cases a dynamic take profit
Impact Zone Charting Timeframes:
1. Recommendation of using the 1 minute chart aggregation bars to maximize profits and limit losses
2. The script has a default charting aggregation limit of 25 minutes, adjustments to the input (in the settings) to increase the aggregation limit need to be made in order to use higher than 25 minute timeframes
Charting Example:
First note is to notice how our publish example uses the 1-minute timeframe aggregation, this is because our script was written to maximize profit on the 1 minute time frame. The script can be used on any time frame, however; make sure that you increase the aggregation limit input when using timeframes above 25 minutes.
From the chart included in the script post, you can notice that buy and sell signals happen only when specified criteria is met, and not every time there is a crossover of the Impact Zones there is a signal. You do not only have to trade the buy and sell signals that our system provides, however; our team believes that these signals are one of the best ways to trade the Impact Zone script. If you deviate from only using signals provided and choose to use the Impact Zones differently, we recommend using the next level, or zone, in the direction of your trade as your take profit (As described in trade we want to highlight section)
MTF Oscillator Framework [PineCoders]This framework allows Pine coders to quickly build a complete multi-timeframe oscillator from any calculation producing values around a centerline, whether the values are bounded or not. Insert your calculation in the script and you have a ready-to-publish MTF Oscillator offering a plethora of presentation options and features.
█ HOW TO USE THE FRAMEWORK
1 — Insert your calculation in the `f_signal()` function at the top of the "Helper Functions" section of the script.
2 — Change the script's name in the `study()` declaration statement and the `alertcondition()` text in the last part of the "Plots" section.
3 — Adapt the default value used to initialize the CENTERLINE constant in the script's "Constants" section.
4 — If you want to publish the script, copy/paste the following description in your new publication's description and replace the "OVERVIEW" section with a description of your calculations.
5 — Voilà!
═════════════════════════════════════════════════════════════════════════
█ OVERVIEW
This oscillator calculates a directional value of True Range. When a bar is up, the positive value of True Range is used. A negative value is used when the bar is down. When there is no movement during the bar, a zero value is generated, even if True Range is different than zero. Because the unit of measure of True Range is price, the oscillator is unbounded (it does not have fixed upper/lower bounds).
True Range can be used as a metric for volatility, but by using a signed value, this oscillator will show the directional bias of progressively increasing/decreasing volatility, which can make it more useful than an always positive value of True Range.
The True Range calculation appeared for the first time in J. Welles Wilder's New Concepts in Technical Trading Systems book published in 1978. Wilder's objective was to provide a reliable measure of the effective movement—or range—between two bars, to measure volatility. True Range is also the building block used to calculate ATR (Average True Range), which calculates the average of True Range values over a given period using the `rma` averaging method—the same used in the calculation of another of Wilder's remarkable creations: RSI.
█ CONCEPTS
This oscillator's design stems from a few key concepts.
Relative Levels
Other than the centerline, relative rather than absolute levels are used to identify levels of interest. Accordingly, no fixed levels correspond to overbought/oversold conditions. Relative levels of interest are identified using:
• A Donchian channel (historical highs/lows).
• The oscillator's position relative to higher timeframe values.
• Oscillator levels following points in time where a divergence is identified.
Higher timeframes
Two progressively higher timeframes are used to calculate larger-context values for the oscillator. The rationale underlying the use of timeframes higher than the chart's is that, while they change less frequently than the values calculated at the chart's resolution, they are more meaningful because more work (trader activity) is required to calculate them. Combining the immediacy of values calculated at the chart's resolution to higher timeframe values achieves a compromise between responsiveness and reliability.
Divergences as points of interest rather than directional clues
A very simple interpretation of what constitutes a divergence is used. A divergence is defined as a discrepancy between any bar's direction and the direction of the signal line on that same bar. No attempt is made to attribute a directional bias to divergences when they occur. Instead, the oscillator's level is saved and subsequent movement of the oscillator relative to the saved level is what determines the bullish/bearish state of the oscillator.
Conservative coloring scheme
Several additive coloring conditions allow the bull/bear coloring of the oscillator's main line to be restricted to specific areas meeting all the selected conditions. The concept is built on the premise that most of the time, an oscillator's value should be viewed as mere noise, and that somewhat like price, it only occasionally conveys actionable information.
█ FEATURES
Plots
• Three lines can be plotted. They are named Main line , Line 2 and Line 3 . You decide which calculation to use for each line:
• The oscillator's value at the chart's resolution.
• The oscillator's value at a medium timeframe higher than the chart's resolution.
• The oscillator's value at the highest timeframe.
• An aggregate line calculated using a weighed average of the three previous lines (see the Aggregate Weights section of Inputs to configure the weights).
• The coloring conditions, divergence levels and the Hi/Lo channel always apply to the Main line, whichever calculation you decide to use for it.
• The color of lines 2 and 3 are fixed but can be set in the "Colors" section of Inputs.
• You can change the thickness of each line.
• When the aggregate line is displayed, higher timeframe values are only used in its calculation when they become available in the chart's history,
otherwise the aggregate line would appear much later on the chart. To indicate when each higher timeframe value becomes available,
a small label appears near the centerline.
• Divergences can be shown as small dots on the centerline.
• Divergence levels can be shown. The level and fill are determined by the oscillator's position relative to the last saved divergence level.
• Bull/bear markers can be displayed. They occur whenever a new bull/bear state is determined by the "Main Line Coloring Conditions".
• The Hi/Lo (Donchian) channel can be displayed, and its period defined.
• The background can display the state of any one of 11 different conditions.
• The resolutions used for the higher timeframes can be displayed to the right of the last bar's value.
• Four key values are always displayed in the Data Window (fourth icon down to the right of your chart):
oscillator values for the chart, medium and highest timeframes, and the oscillator's instant value before it is averaged.
Main Line Coloring Conditions
• Nine different conditions can be selected to determine the bull/bear coloring of the main line. All conditions set to "ON" must be met to determine the bull/bear state.
• A volatility state can also be used to filter the conditions.
• When the coloring conditions and the filter do not allow for a bull/bear state to be determined, the neutral color is used.
Signal
• Seven different averages can be used to calculate the average of the oscillator's value.
• The average's period can be set. A period of one will show the instant value of the oscillator,
provided you don't use linear regression or the Hull MA as they do not work with a period of one.
• An external signal can be used as the oscillator's instant value. If an already averaged external value is used, set the period to one in this indicator.
• For the cases where an external signal is used, a centerline value can be set.
Higher Timeframes
• The two higher timeframes are named Medium timeframe and Highest timeframe . They can be determined using one of three methods:
• Auto-steps: the higher timeframes are determined using the chart's resolution. If the chart uses a seconds resolution, for example,
the medium and highest resolutions will be 15 and 60 minutes.
• Multiples: the timeframes are calculated using a multiple of the chart's resolution, which you can set.
• Fixed: the set timeframes do not change with the chart's resolution.
Repainting
• Repainting can be controlled separately for the chart's value and the higher timeframe values.
• The default is a repainting chart value and non-repainting higher timeframe values. The Aggregate line will thus repaint by default,
as it uses the chart's value along with the higher timeframes values.
Aggregate Weights
• The weight of each component of the Aggregate line can be set.
• The default is equal weights for the three components, meaning that the chart's value accounts for one third of the weight in the Aggregate.
High Volatility
• This provides control over the volatility filter used in the Main line's coloring conditions and the background display.
• Volatility is determined to be high when the short-term ATR is greater than the long-term ATR.
Colors
• You can define your own colors for all of the oscillator's plots.
• The default colors will perform well on both white and black chart backgrounds.
Alerts
• An alert can be defined for the script. The alert will trigger whenever a bull/bear marker appears in the indicator's display.
The particular combination of coloring conditions and the display of bull/bear markers when you create the alert will thus determine when the alert triggers.
Once the alerts are created, subsequent changes to the conditions controlling the display of markers will not affect the existing alert(s).
• You can create multiple alerts from this script, each triggering on different conditions.
Backtesting & Trading Engine Signal Line
• An invisible plot named "BTE Signal" is provided. It can be used as an entry signal when connected to the PineCoders Backtesting & Trading Engine as an external input.
It will generate an entry whenever a marker is displayed.
Look first. Then leap.
Support Resistance - DynamicThis is Dynamic Support / Resistance script.
How it Works?
It finds Pivot Points and creates channels for each Pivot Point. Channel size is calculated by (Highest - Lowest) * %Channel_size in Loopback Period. After creating channels it calculates that how many Pivot Points in the channels. more Pivot Points in channel means stronger Support/Resistance. in the option menu there is S/R Strength, this is the minimum number of Pivot Points that each channel must contain to be S/R. calculation starts from last pivot point and go back for "loopback period" which is 300 by default. so last Pivot Points have more priority. Finally after calculating Support/Resistance it draws lines.
Number of Support/Resistance line is Dynamic and up to 20 lines, that means number of lines changes dynamically. you can see how the script puts Suppport/Resistance lines dynamically by "Replay" button. (if I have time I will try to put a video)
Currently the scripts checks up to 40 pivot points in loopback period. it shows up to 20 S/Rs only for visible area in the chart.
There is option to Show S/R lines as Solid, Dotted or Dashed.
Enjoy!
Plotchar - How to draw external symbols on a chartHey everyone
It's been a while :) but still on holidays and working on the website. I'll resume the scripts sharing shortly once I'll get back home
For today, I wanted to share a very useful script that is going to make you a top of money 100% guaranteed and you'll even have a Lamborghini delivered at your place by tomorrow... (imagine some followers would believe me for this)
This "script" is a proof of concept that you can draw external Unicode symbols on a chart.
If you're tired with the plotshape shapes by default, you can use some others - I usually find mine there emojipedia.org
What are the use cases?
- Draw a dead skeleton when your stop-loss is hit
- Draw a winning cup when your take profit is hit
- Draw a coffin when you run out of capital
FAQ
Q: Does this script has any interest?
A: I'm not sure myself
Q: Will you make money using it?
A: I'm not a financial advisor but ... very likely NO
Q: Is it cool though?
A: Hell yeah!!
Be sure to hit the thumbs up so that I'll share real scripts the next times and not "joke scripts". I promise it's the first and last time I'm sharing such a script
Dave
____________________________________________________________
- I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies
Jump on a 1 to 1 coaching with me
- You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
How to avoid repainting when using security() - PineCoders FAQNOTE
The non-repainting technique in this publication that relies on bar states is now deprecated, as we have identified inconsistencies that undermine its credibility as a universal solution. The outputs that use the technique are still available for reference in this publication. However, we do not endorse its usage. See this publication for more information about the current best practices for requesting HTF data and why they work.
This indicator shows how to avoid repainting when using the security() function to retrieve information from higher timeframes.
What do we mean by repainting?
Repainting is used to describe three different things, in what we’ve seen in TV members comments on indicators:
1. An indicator showing results that change during the realtime bar, whether the script is using the security() function or not, e.g., a Buy signal that goes on and then off, or a plot that changes values.
2. An indicator that uses future data not yet available on historical bars.
3. An indicator that uses a negative offset= parameter when plotting in order to plot information on past bars.
The repainting types we will be discussing here are the first two types, as the third one is intentional—sometimes even intentionally misleading when unscrupulous script writers want their strategy to look better than it is.
Let’s be clear about one thing: repainting is not caused by a bug ; it is caused by the different context between historical bars and the realtime bar, and script coders or users not taking the necessary precautions to prevent it.
Why should repainting be avoided?
Repainting matters because it affects the behavior of Pine scripts in the realtime bar, where the action happens and counts, because that is when traders (or our systems) take decisions where odds must be in our favor.
Repainting also matters because if you test a strategy on historical bars using only OHLC values, and then run that same code on the realtime bar with more than OHLC information, scripts not properly written or misconfigured alerts will alter the strategy’s behavior. At that point, you will not be running the same strategy you tested, and this invalidates your test results , which were run while not having the additional price information that is available in the realtime bar.
The realtime bar on your charts is only one bar, but it is a very important bar. Coding proper strategies and indicators on TV requires that you understand the variations in script behavior and how information available to the script varies between when the script is running on historical and realtime bars.
How does repainting occur?
Repainting happens because of something all traders instinctively crave: more information. Contrary to trader lure, more information is not always better. In the realtime bar, all TV indicators (a.k.a. studies ) execute every time price changes (i.e. every tick ). TV strategies will also behave the same way if they use the calc_on_every_tick = true parameter in their strategy() declaration statement (the parameter’s default value is false ). Pine coders must decide if they want their code to use the realtime price information as it comes in, or wait for the realtime bar to close before using the same OHLC values for that bar that would be used on historical bars.
Strategy modelers often assume that using realtime price information as it comes in the realtime bar will always improve their results. This is incorrect. More information does not necessarily improve performance because it almost always entails more noise. The extra information may or may not improve results; one cannot know until the code is run in realtime for enough time to provide data that can be analyzed and from which somewhat reliable conclusions can be derived. In any case, as was stated before, it is critical to understand that if your strategy is taking decisions on realtime tick data, you are NOT running the same strategy you tested on historical bars with OHLC values only.
How do we avoid repainting?
It comes down to using reliable information and properly configuring alerts, if you use them. Here are the main considerations:
1. If your code is using security() calls, use the syntax we propose to obtain reliable data from higher timeframes.
2. If your script is a strategy, do not use the calc_on_every_tick = true parameter unless your strategy uses previous bar information to calculate.
3. If your script is a study and is using current timeframe information that is compared to values obtained from a higher timeframe, even if you can rely on reliable higher timeframe information because you are correctly using the security() function, you still need to ensure the realtime bar’s information you use (a cross of current close over a higher timeframe MA, for example) is consistent with your backtest methodology, i.e. that your script calculates on the close of the realtime bar. If your system is using alerts, the simplest solution is to configure alerts to trigger Once Per Bar Close . If you are not using alerts, the best solution is to use information from the preceding bar. When using previous bar information, alerts can be configured to trigger Once Per Bar safely.
What does this indicator do?
It shows results for 9 different ways of using the security() function and illustrates the simplest and most effective way to avoid repainting, i.e. using security() as in the example above. To show the indicator’s lines the most clearly, price on the chart is shown with a black line rather than candlesticks. This indicator also shows how misusing security() produces repainting. All combinations of using a 0 or 1 offset to reference the series used in the security() , as well as all combinations of values for the gaps= and lookahead= parameters are shown.
The close in the call labeled “BEST” means that once security has reached the upper timeframe (1 day in our case), it will fetch the previous day’s value.
The gaps= parameter is not specified as it is off by default and that is what we need. This ensures that the value returned by security() will not contain na values on any of our chart’s bars.
The lookahead security() to use the last available value for the higher timeframe bar we are using (the previous day, in our case). This ensures that security() will return the value at the end of the higher timeframe, even if it has not occurred yet. In our case, this has no negative impact since we are requesting the previous day’s value, with has already closed.
The indicator’s Settings/Inputs allow you to set:
- The higher timeframe security() calls will use
- The source security() calls will use
- If you want identifying labels printed on the lines that have no gaps (the lines containing gaps are plotted using very thick lines that appear as horizontal blocks of one bar in length)
For the lines to be plotted, you need to be on a smaller timeframe than the one used for the security() calls.
Comments in the code explain what’s going on.
Look first. Then leap.
Stock Fundamentals Health Map
I came up with this script because, like a lot of us, I was always bugging AI about every ticker under the sun—asking for breakdowns, forecasts, you name it. But then it hit me: wouldn't it be way faster if I could just glance at the stock chart and get a quick snapshot of the company's financial guts right there?. Also, i didnt bother looking up another indicator script because i want it that way.
This "Stock Fundamentals Health Map" is basically your jumping-off point before you go full detective mode on the fundamentals. It's not meant to be the end-all-be-all, just a smart way to spot red flags or green lights without wasting hours.
Here's the deal: TradingView has this treasure of financial stats for stocks—stuff like margins, ratios, growth numbers, and more—pulled from their database after earnings drops. The script grabs 40 of those for your chosen period (Fiscal Year, Quarter, Half, or Trailing Twelve Months—you pick in the settings, and 40 because your broke boy doesnt have a premium TV sub).
But raw numbers? Meh, they're just digits. So, we grade 'em. Think of it like a report card for the company: Excellent (or "Great" in some spots), Good, Fair, Poor, or Weak (I called it "Pathetic" in my head at first, but toned it down).
How do we grade? Based on thresholds for each metric. For instance, a Gross Margin over 60%? Excellent, baby—that's premium efficiency. 40-60%? Solid Good. Down to under 10%? Weak, might wanna think twice. Same logic for everything else: Altman Z-Score (bankruptcy risk—higher is safer), Beneish M-Score (earnings manipulation detector—lower is cleaner), ROE, EV/EBITDA, you get the idea. But hey, maybe you disagree with my defaults. No sweat—the settings let you tweak every single threshold. Want to be stricter on Debt-to-Equity? Crank it up. Think Dividend Yield needs a higher bar for "Excellent"? Go for it. It's your world; I'm just scripting in it.
Dont know what all those metrics mean? Use the tool tip. Still dont understand? Keep the defaults.
Once graded, we don't stop there. Each metric gets a weight (default is 1, for equal love), but if you're obsessed with Free Cash Flow Margin over, say, Asset Turnover, bump its weight to 2, 5, or even 100. FFT FAFO. The script multiplies grades by weights, adds 'em up, and spits out an overall score and grade for the stock. Excellent if it's crushing it (90%+), down to Weak if it's wheezing. Plus, it categorizes the stock type—Growth, Value, Quality, Dividend, Momentum—based on how it scores in those buckets. Handy for knowing if it's a high-flyer or a dead divi.
And because not all stocks are created equal, it throws in sector-specific smarts. REITs get FFO and AFFO grades (funds from operations—key for real estate trusts). Tech and Healthcare? R&D Intensity to check if they're innovating or slacking. Energy folks get Capex-to-Sales (lower is better for efficiency in that capital-hungry world). Utilities? Debt Service Coverage to see if they can handle the bills. If your ticker doesn't fit those, it skips 'em—no junk data. You dont see all that because TV might have that data with N/A entered in it.
The output? A clean table slapped on your chart (top-right by default and cant move it around, because being at the top and being right is all you need). Columns for metrics, values + grades, all color-coded: green for Excellent, lime for Good, yellow Fair, orange Poor, red Weak. Headers in blue, text customizable—pick your colors, transparency, sizes. It's overlay=true, so it vibes with your price action without cluttering.
Sure, these numbers are just what TradingView's crack team inputs post-earnings—could be off, or laggy, or whatever. They don't predict the future; markets are wild. But it's a lot better than panic-buying on a hunch. Gives you that quick financial health map to ponder before you leap into a trade that could change your life... or your portfolio's. ;)
If you need the source code, ask Grok AI. I got it from there. Too lazy to do that? Follow me on X and i'll dm you after you prove that you are not a bot.
ZenAlgo - BenderThis script combines several volume-based methodologies into a single chart overlay to help traders analyze market participation and volume distribution. It aggregates volume from multiple sources—spot and perpetual markets across different exchanges—and processes it to display various insights directly on the chart.
The script provides a detailed view of both individual-bar volume and broader aggregated trends. It calculates certain values, plots different shapes and overlays, and includes an optional informational table. However, it does not offer financial signals or predict future price movements. Instead, it presents multiple volume and range-related highlights for educational or analytical observations.
Below is a detailed breakdown of the core elements in this script:
Core Data Calculation and Aggregation
To build a comprehensive volume picture, the script retrieves volume data from multiple predefined exchanges for both Spot and Perpetual pairs. The volume for each bar is processed in Aggregated mode , meaning it combines data across selected sources to produce a single composite volume value.
The script applies average-based aggregation to calculate the final volume figures. The total volume is then used as the basis for further calculations, such as buy/sell volume decomposition and Delta analysis.
Buy/Sell Volume Decomposition
Each bar’s total volume is separated into an estimated buy portion and a sell portion. This decomposition uses logic that considers wick length, body size, and whether the bar closed higher or lower than it opened. The script assigns fractions of the total volume to the upper wick, lower wick, and body, then multiplies these by the total aggregated volume to estimate buy and sell volumes.
This breakdown is calculated separately for spot-only volume , perp-only volume , and their aggregated sums, allowing traders to analyze how much of each bar’s volume is estimated as "buy" or "sell."
Delta and Cumulative Delta
The script computes a Delta (buy volume minus sell volume) for each bar. A positive Delta suggests more buying during that bar, while a negative Delta suggests more selling.
It also computes Cumulative Delta , summing this Delta over 14 bars (a fixed period). This allows users to observe how short-term buy/sell imbalances accumulate over time.
Visual Bar Coloring (PVSRA Logic)
The script includes logic based on PVSRA (Price Volume Support Resistance Analysis) , which examines average volume over a recent lookback period to determine whether a bar meets certain "climax" or "above-average" thresholds.
Bars are categorized as:
Climax Up or Climax Down: If a bar meets strong volume and range conditions, it is identified as a high-activity bar.
Neutral Colors: Bars that do not meet the threshold are identified as standard volume bars.
Table Summaries
The script includes an optional Spot vs. Perpetual volume table that provides:
Aggregated Spot vs. Perpetual buy/sell volumes
The net difference between buying and selling
The total sum across all included sources
Percentage breakdown of buying vs. selling
A separate multi-timeframe table calculates volume-related metrics for fixed timeframes (15, 60, and 240 minutes), allowing traders to compare their current timeframe with broader trends.
Highlighted Shapes and Diamonds
The script places shape markers above or below bars when certain conditions are met, including:
Dots (circles): Representing a significant increase in net Delta compared to the previous bar.
Diamonds: Markers that appear when volume-based conditions align with predefined thresholds. These vary in size and include an optional "Hardcore Mode" , which applies stricter filtering.
Crossover Triangles: These appear when the internally computed Delta MA (a moving average of Delta) crosses above or below a predefined EMA.
These markers highlight notable changes in volume, Delta, or price action but do not constitute predictive trading signals.
Delta Averages and Overlaid EMAs
The script plots a histogram of the current net Delta (buy minus sell) . Additionally, a Delta Moving Average (Delta MA) is used for tracking trends. The Delta MA is plotted alongside predefined Exponential Moving Averages (EMAs) , such as:
A Delta MA calculated using an exponential moving average (EMA) over 21 bars.
A set of predefined EMAs (lengths such as 3, 5, 7, 10, 13, 16, 21, 25, etc.) plotted to visualize momentum changes.
Areas between these EMAs can be filled with translucent shading to highlight momentum shifts.
Comparing the Delta MA to the overlaid EMAs helps track changes in Delta momentum over time.
Interpreting the Elements
When using this script, consider the following:
Volume Aggregation: The script aggregates volume across multiple Spot and Perpetual sources to provide a broad market view.
Delta and Cumulative Delta: The Delta histogram may spike positively or negatively, highlighting areas of potential buying or selling pressure.
Table Data: If enabled, the tables display buy/sell volume splits for Spot and Perpetual markets, along with multi-timeframe comparisons.
EMA Overlays on Delta: The stacked EMAs help visualize short-term vs. longer-term Delta changes.
Shape Markers: Dots, diamonds, and triangles emphasize notable shifts in volume or Delta but do not imply recommendations for action.
Usage Tips
Toggle "Hardcore Mode" to apply stricter filtering to highlight conditions.
Enable or disable the Spot vs. Perpetual Table to see if the breakdown of volume sources is useful.
Use the multi-timeframe table to compare intraday data with broader trends.
If the chart appears too cluttered, toggle off features like PVSRA color tints or some EMAs to focus on specific elements.
Final Thoughts
This script integrates multiple volume-based calculations, range analysis, aggregated volume from predefined tickers, and various moving averages for Delta. Its visual layers—color-coded bars, histograms, shape markers, and tables—offer a rich perspective on market activity.
Users can analyze these elements across any timeframe or market combination they prefer. The script does not provide buy/sell signals or make predictions —it is purely an analytical tool for understanding volume-based market dynamics.
Traders should interpret these visual elements according to their own strategy and trading approach.
ZenAlgo - DetectorThis script combines multiple volume data sources, calculates several forms of volume-based metrics, displays a table for Spot vs. Perpetual volumes, and visualizes several technical elements (such as cumulative delta, divergences, fractals, and specialized moving averages). The primary objective is to help analyze volume activity across different exchanges, compare Spot vs. Perpetual markets, and observe how shifting volumes may coincide with price action characteristics. This description aims to clarify each component, explain how the calculations are performed, and show you how to interpret the various chart markings.
Why Combine These Metrics in One Script?
Many publicly available volume-related tools focus only on a single exchange or a single type of volume (like spot or futures). This script merges multiple exchange sources for spot and perpetual data into a unified view. By doing so, users can detect discrepancies or confirm alignment between different markets without juggling multiple indicators. It also processes volume-derived signals (delta, divergences, fractals, etc.) in one place, sparing you from manually combining various standalone scripts. Through this integration, it becomes easier to observe how price and volume interact across different market segments.
Core Concept: Aggregated Volume
The script begins by collecting volumes from multiple exchanges in two categories:
Spot volumes – Typically aggregated under symbols ending with "USDT" or a user-selected currency, and
Perpetual volumes – From perpetual futures contracts (e.g., symbols ending in "USD.P" or "USDT.P").
All these exchange volumes are requested via the built-in request.security() function in a single line for each exchange. The user can enable or disable each exchange in the inputs. The script then calculates an "aggregated volume" for Spot, an aggregated volume for Perpetual, and an overall combined total.
This aggregated volume is used later to break down how much of each bar's volume can be considered "buy" or "sell" based on the bar's candle structure (body vs. wicks).
Volume-Based Calculations: Buy vs. Sell Volume and Delta
For each bar, the script estimates how much of the aggregated volume can be associated with a "buy side" and a "sell side."
Volume Buy is computed if the bar's close is above the open , giving more weight to the candle's body and allocating some portion of volume to the wicks as well.
Volume Sell is similarly computed if the bar's close is below the open .
This results in a Delta value: Delta = (Buy Volume) – (Sell Volume).
Additionally, the script accumulates these values over a user-defined "lookback length" to provide Cumulative Delta . This can help show longer-term directional volume bias.
Table: Spot vs. Perpetual Comparison
There is a toggle ("Show Spot vs Perpetual Table") that displays an on-chart table comparing volumes:
Buy Volume and Sell Volume for each aggregated category (Spot, Perp, and their sum).
Delta (the difference between Buy and Sell).
Percentage breakdowns of buy vs. sell portions.
This table only appears on the most recent bar and helps users quickly assess how Spot and Perpetual volumes compare, plus the overall total.
PVSRA Color Coding
A "PVSRA-style" color approach classifies each bar based on volume and candle range:
Climax Up (lime) or Climax Down (red) occurs if volume is extremely high relative to a simple moving average of volume and range.
Above-Average Up (blue) or Down (fuchsia) occurs if volume is moderately higher than average.
Otherwise, colors fall back to neutral up/down colors.
This allows you to spot potentially high-volume "climax" bars vs. bars with only moderate or typical volume levels.
Fractals and Divergences
The script detects certain fractal points on the aggregated volumes (sum of buy or sell volumes). It looks for a 5-bar pattern (with the current bar in the middle for top or bottom fractals).
When a fractal is confirmed on buy volume, the script checks if new higher price highs coincide with lower buy-volume peaks (or vice versa) to highlight regular or hidden divergences.
Similar logic is applied on the sell-volume side if new lower price lows occur alongside higher sell-volume troughs (or the opposite).
If enabled in the settings, lines and labels may appear on the chart to mark these divergence points.
"Delta Dot" Events
This script draws small circles above or below bars when the total delta changes magnitude relative to the previous bar by certain user-defined multipliers. It segregates "tiny," "small," "large," and "extra" expansions in bullish or bearish delta.
Bullish Dots : Appear above the bar when the new positive delta is multiple times bigger than the previous positive delta.
Bearish Dots : Appear below the bar in a similar fashion for negative delta.
These dots emphasize large or sudden shifts in buy/sell pressure from one bar to the next.
Delta MA and its Direction
A moving average is calculated on the total delta and optionally multiplied by a factor (in the code, by 4) to make it visually prominent. The user can pick from SMA, EMA, WMA, RMA, or HMA as the smoothing technique.
Delta MA Direction : The script compares the current delta MA to a short SMA of itself to define whether it is rising or falling.
A color is assigned—blue if rising, orange if falling, gray if they're roughly equal.
This helps quickly visualize longer-term momentum in the net delta metric.
Divergences on the Delta MA
After computing the "Delta MA" line, the script detects pivot highs or lows on that line. If the price makes a new high but the Delta MA pivot is lower (and vice versa), it draws lines and small labels indicating potential divergence.
Bearish Divergence : Price makes a higher high, while the Delta MA pivot forms a lower high.
Bullish Divergence : Price makes a lower low, while the Delta MA pivot forms a higher low.
RSI + MFI Computation
The script also calculates a simplified form of RSI+MFI by comparing (close – open) / (high – low) * a multiplier , then smoothing it with a simple average. This is purely for an optional observational measure to see if the price action is leaning bullish or bearish in terms of these combined indicators.
EMA Overlay and Diamond Shapes
There are two standard EMAs (13 and 21). The script checks whether price is above or below these EMAs, in addition to other conditions (like changes in delta, volume, or RSI+MFI direction) to draw diamond shapes at the top or bottom of the chart:
Green Diamonds near the bottom if the conditions line up to suggest that the environment is more favorable for bullish pressure.
Red Diamonds near the top if the environment suggests more bearish pressure.
These diamonds come in two sizes:
Normal – More pronounced, typically plotted if RSI+MFI result is above/below zero.
Small – Plotted if RSI+MFI is on the other side of that threshold.
An optional "Hardcore Mode" adds special tiny diamonds under specific delta color/condition mismatches.
How to Interpret the Chart Elements
Line Plots of Buy and Sell Volumes : A positive line for buy volume, a negative line for sell volume, and a zero-line for reference. This provides at-a-glance perspective on how buy or sell volumes add up per bar.
Histogram "Total Delta" : A color-coded bar that quickly shows whether overall buy vs. sell volume is dominant. The color is governed by the PVSRA logic (e.g., potential climax or above-average conditions).
Volume Table (when enabled): Summarizes volumes in numeric and percentage form for Spot, Perp, and total categories on the last bar.
Delta Dots : Small circles highlighting abrupt changes in delta magnitude. Larger multiples indicate bigger jumps compared to the previous bar.
Fractals & Divergence Lines : Connect pivot points in buy/sell volume or in the Delta MA line with price highs/lows to indicate potential divergences.
Delta MA Plot : Smooth curve (scaled up x4) to reflect longer-term accumulation or distribution in the delta. Colored by whether the MA is above or below a short average of itself.
Diamonds : Appear when certain volume, price, RSI+MFI, and delta conditions converge. Green diamonds near the bottom typically coincide with bullish conditions, red diamonds near the top with bearish conditions.
Practical Usage Notes
Use the Spot vs. Perp breakdown to see if these two market segments differ significantly in their contributions to total volume. This can be informative when a certain type of market (futures vs. spot) might be "driving" price action.
The PVSRA color scheme highlights "climax" or "above-average" volume bars, which can sometimes appear around major reversals or breakouts.
Observing divergences in aggregated buy/sell volume (or in the Delta MA line) can provide additional context on whether certain price moves are backed by strong volume involvement.
The script's fractal divergences rely on short pivot detection. Signals will appear only after enough bars have passed for confirmation, so these are effectively "after-the-fact" notations to illustrate possible volume/price divergences.
The diamonds do not necessarily instruct any buy/sell action; rather, they mark conditions where multiple volume and momentum criteria line up in one direction.
Important Considerations
This script displays aggregated volumes from potentially multiple exchanges. Each exchange or pair might have different time zones, liquidity, or data availability, which can occasionally result in incomplete or zero values.
All references to "buy" or "sell" volume are approximate breakdowns based on candle structure. They are not absolute measures of real-time order flow.
Divergences and fractal points are provided strictly for analytical insight. They can repaint or shift if the fractal conditions were not fully confirmed in real time.
The color-coded lines, histograms, diamonds, and tables are strictly to guide analysis of volume fluctuations and do not claim to predict future price performance.
If you enable "Hardcore Mode," you will see additional diamond markers. This mode is mainly intended as an extra highlight of certain "contradictory" delta conditions.
Summary
The "ZenAlgo - Detector" script brings together a variety of volume-based analyses:
Aggregated volumes from multiple exchanges
A breakdown into Spot vs. Perpetual activity
Delta calculations, fractal divergences, and a specialized Delta Moving Average
Color-coded bars reflecting possible PVSRA concepts
A table to highlight numeric differences and percentages
Additional overlays (e.g., diamonds, RSI+MFI synergy, etc.)
In contrast to many free, single-exchange indicators, this script centralizes multiple exchange volumes in one place, making it easier to observe and compare volume flows across different market types (spot vs. perpetual). Users no longer need to rely on scattered tools or separate overlays to check volume divergences, fractals, or specialized MA calculations—everything is unified here. By carefully monitoring the table, Delta histogram, color-coded bars, divergence lines, and diamond markers, traders can more comprehensively evaluate how volume and price interact. Each plot is designed to showcase different aspects of volume flow—such as whether spot or derivatives markets dominate, if volume is skewed toward buying or selling, and if there are divergences between volume momentum and price movement.
All computations are displayed to help you carry out a more informed market analysis. It is strongly advised to combine these observations with other risk management or analytical methods, rather than relying on any single indicator alone.
Multi-Indicator Signals with Selectable Options by DiGetMulti-Indicator Signals with Selectable Options
Script Overview
This Pine Script is a multi-indicator trading strategy designed to generate buy/sell signals based on combinations of popular technical indicators: RSI (Relative Strength Index) , CCI (Commodity Channel Index) , and Stochastic Oscillator . The script allows you to select which combination of signals to display, making it highly customizable and adaptable to different trading styles.
The primary goal of this script is to provide clear and actionable entry/exit points by visualizing buy/sell signals with arrows , labels , and vertical lines directly on the chart. It also includes input validation, dynamic signal plotting, and clutter-free line management to ensure a clean and professional user experience.
Key Features
1. Customizable Signal Types
You can choose from five signal types:
RSI & CCI : Combines RSI and CCI signals for confirmation.
RSI & Stochastic : Combines RSI and Stochastic signals.
CCI & Stochastic : Combines CCI and Stochastic signals.
RSI & CCI & Stochastic : Requires all three indicators to align for a signal.
All Signals : Displays individual signals from each indicator separately.
This flexibility allows you to test and use the combination that works best for your trading strategy.
2. Clear Buy/Sell Indicators
Arrows : Buy signals are marked with upward arrows (green/lime/yellow) below the candles, while sell signals are marked with downward arrows (red/fuchsia/gray) above the candles.
Labels : Each signal is accompanied by a label ("BUY" or "SELL") near the arrow for clarity.
Vertical Lines : A vertical line is drawn at the exact bar where the signal occurs, extending from the low to the high of the candle. This ensures you can pinpoint the exact entry point without ambiguity.
3. Dynamic Overbought/Oversold Levels
You can customize the overbought and oversold levels for each indicator:
RSI: Default values are 70 (overbought) and 30 (oversold).
CCI: Default values are +100 (overbought) and -100 (oversold).
Stochastic: Default values are 80 (overbought) and 20 (oversold).
These levels can be adjusted to suit your trading preferences or market conditions.
4. Input Validation
The script includes built-in validation to ensure that oversold levels are always lower than overbought levels for each indicator. If the inputs are invalid, an error message will appear, preventing incorrect configurations.
5. Clean Chart Design
To avoid clutter, the script dynamically manages vertical lines:
Only the most recent 50 buy/sell lines are displayed. Older lines are automatically deleted to keep the chart clean.
Labels and arrows are placed strategically to avoid overlapping with candles.
6. ATR-Based Offset
The vertical lines and labels are offset using the Average True Range (ATR) to ensure they don’t overlap with the price action. This makes the signals easier to see, especially during volatile market conditions.
7. Scalable and Professional
The script uses arrays to manage multiple vertical lines, ensuring scalability and performance even when many signals are generated.
It adheres to Pine Script v6 standards, ensuring compatibility and reliability.
How It Works
Indicator Calculations :
The script calculates the values of RSI, CCI, and Stochastic Oscillator based on user-defined lengths and smoothing parameters.
It then checks for crossover/crossunder conditions relative to the overbought/oversold levels to generate individual signals.
Combined Signals :
Depending on the selected signal type, the script combines the individual signals logically:
For example, a "RSI & CCI" buy signal requires both RSI and CCI to cross into their respective oversold zones simultaneously.
Signal Plotting :
When a signal is generated, the script:
Plots an arrow (upward for buy, downward for sell) at the corresponding bar.
Adds a label ("BUY" or "SELL") near the arrow for clarity.
Draws a vertical line extending from the low to the high of the candle to mark the exact entry point.
Line Management :
To prevent clutter, the script stores up to 50 vertical lines in arrays (buy_lines and sell_lines). Older lines are automatically deleted when the limit is exceeded.
Why Use This Script?
Versatility : Whether you're a scalper, swing trader, or long-term investor, this script can be tailored to your needs by selecting the appropriate signal type and adjusting the indicator parameters.
Clarity : The combination of arrows, labels, and vertical lines ensures that signals are easy to spot and interpret, even in fast-moving markets.
Customization : With adjustable overbought/oversold levels and multiple signal options, you can fine-tune the script to match your trading strategy.
Professional Design : The script avoids clutter by limiting the number of lines displayed and using ATR-based offsets for better visibility.
How to Use This Script
Add the Script to Your Chart :
Copy and paste the script into the Pine Editor in TradingView.
Save and add it to your chart.
Select Signal Type :
Use the "Signal Type" dropdown menu to choose the combination of indicators you want to use.
Adjust Parameters :
Customize the lengths of RSI, CCI, and Stochastic, as well as their overbought/oversold levels, to match your trading preferences.
Interpret Signals :
Look for green arrows and "BUY" labels for buy signals, and red arrows and "SELL" labels for sell signals.
Vertical lines will help you identify the exact bar where the signal occurred.
Tips for Traders
Backtest Thoroughly : Before using this script in live trading, backtest it on historical data to ensure it aligns with your strategy.
Combine with Other Tools : While this script provides reliable signals, consider combining it with other tools like support/resistance levels or volume analysis for additional confirmation.
Avoid Overloading the Chart : If you notice too many signals, try tightening the overbought/oversold levels or switching to a combined signal type (e.g., "RSI & CCI & Stochastic") for fewer but higher-confidence signals.
Cumulative Buying and Selling Volume with 3 Lookback PeriodsScript Overview:
This script is designed to help traders identify market momentum by analyzing buying and selling volume. It calculates the cumulative buying and selling pressure over three different lookback periods, providing insights into whether the bulls or bears are dominating at any given time. The script does this by computing the cumulative buying and selling volume for each period and comparing them through exponential moving averages (EMA) to smooth out short-term fluctuations.
Purpose and Use:
The primary goal of this script is to highlight shifts in market sentiment based on volume dynamics. Volume is a critical component in market analysis, often signaling the strength behind price movements. By focusing on cumulative buying and selling pressure, the script gives traders an idea of whether the market is trending towards more buying or selling during specific periods. Traders can use this tool to:
Identify potential entry points when buying pressure is strong.
Recognize potential selling opportunities when selling pressure is increasing.
Detect periods of indecision when neither buying nor selling dominates.
Key Concepts:
1. Buying Volume (BV):
The buying volume is calculated based on the price range of each candle. It represents the volume allocated to the bullish side of the market:
When the close is near the high, the buying volume is higher.
Formula: BV = volume * (close - low) / (high - low).
2. Selling Volume (SV):
Similarly, selling volume is derived based on the position of the close relative to the low:
When the close is near the low, selling volume is higher.
Formula: SV = volume * (high - close) / (high - low)
3. Lookback Periods:
The script allows users to define three different lookback periods (5, 10, and 20 by default). These periods smooth out the cumulative buying and selling volumes using EMA calculations:
Shorter periods capture more immediate changes in volume dynamics.
Longer periods provide a broader perspective on market trends.
4. Cumulative Volume Calculation:
For each lookback period, cumulative buying and selling volumes are tracked separately and then smoothed with EMA:
emaBuyVol and emaSellVol are the smoothed values for buying and selling volumes over the lookback periods.
5. Market Pressure Comparison:
Buying Pressure: If the EMA of buying volume is greater than the EMA of selling volume for a particular lookback period, the script considers that buying pressure dominates for that period.
Selling Pressure: Conversely, if selling volume dominates over buying volume for a period, the script registers selling pressure.
6. Overall Market Pressure:
The script aggregates the buying and selling pressures from the three lookback periods to determine the overall market sentiment:
If the majority of periods show buying pressure, the market is bullish.
If the majority show selling pressure, the market is bearish.
If neither side dominates, it suggests a neutral or indecisive market.
Visual Cues:
The script provides visual feedback to help traders quickly interpret the market pressure:
Background Color:
Green (#2bff00) when buying pressure dominates.
Red (#ff0000) when selling pressure dominates.
Gray (#404040) when there is no clear dominance.
Bar Color: The script also colors the price bars based on the dominant market pressure:
Green for buying pressure.
Red for selling pressure.
Gray for neutral or balanced market pressure.
Reset Mechanism:
At the start of each new candle, the cumulative volumes for all three periods are reset to zero. This ensures that the cumulative volumes are only measured for the current candle, preventing carryover from previous periods that could distort the analysis.
How Traders Can Use This Script:
Trend Confirmation: Traders can use the script as a trend confirmation tool. When the background turns green (buying dominance), it suggests bullish momentum. When red, bearish momentum is likely. This information can be used to confirm existing positions or signal new trades in the direction of the market pressure.
Reversal Detection: A sudden shift in the background color (from green to red or vice versa) can indicate a potential reversal. This can be particularly useful when combined with other technical indicators such as price action or support/resistance levels.
Multiple Timeframes: Since the script supports three different lookback periods, it provides a comprehensive view of market pressure across short-term, medium-term, and long-term perspectives. Traders can tailor the lookback periods based on their preferred timeframe to match their trading style, whether it’s intraday trading or longer-term swing trading.
Risk Management: The script's clear visual cues help traders manage risk by highlighting when selling pressure increases, allowing them to consider reducing long positions or tightening stop-losses.
FxASTLite [ALLDYN]This script, titled "FxASTLite " or "FxAST LX," is a Pine Script indicator designed for trading systems that use multiple technical analysis tools such as EMAs (Exponential Moving Averages) and PSAR (Parabolic Stop and Reverse). The script is overlaid on the price chart, providing insights into market trends and potential buy or sell signals.
### Key Features:
1. **EMA (Exponential Moving Averages)**
- The script plots several EMAs (5, 8, 13, 21, 50, and 200) based on the Heiken Ashi close price. EMAs are helpful in identifying trends, momentum, and potential entry/exit points.
- The script highlights key relationships between the EMAs, such as the crossover or crossunder of faster EMAs (like the 8 EMA) with slower ones (like the 21 EMA). These events often signal potential trend reversals or continuation.
2. **PSAR (Parabolic Stop and Reverse)**
- The script uses the PSAR indicator, which is a trend-following indicator that highlights potential points where the market might reverse direction.
- The script identifies bullish PSAR flips (when the PSAR value moves below the price, signaling a potential upward trend) and bearish PSAR flips (when the PSAR value moves above the price, signaling a downward trend).
- The PSAR flips are used to generate buy or sell signals.
3. **Heiken Ashi Candles**
- It uses Heiken Ashi candles to smooth out price action and better identify trends. Heiken Ashi candles help filter out market noise and make trends clearer compared to regular candlestick charts.
4. **Session Times**
- The script allows traders to track different market sessions (e.g., London, New York, Asia). It identifies and allows users to analyze price action during specific trading hours.
5. **Buy and Sell Signals**
- The script defines multiple conditions for buy and sell signals:
- **Buy Signals**: Generated when certain conditions are met, such as the price moving above key EMAs, bullish PSAR flips, and bullish Heiken Ashi candles.
- **Sell Signals**: Generated when conditions like bearish PSAR flips, bearish candles, and price moving below EMAs are met.
- These signals are designed to guide traders on when to enter or exit trades.
6. **Alerts**
- The script comes with alert conditions, which can be used to set automated alerts for when buy or sell signals occur. This allows the trader to stay informed without constantly monitoring the chart.
### How It Works:
1. **EMA-Based Trend Identification:**
- EMAs help identify the overall market trend. For example, if the 8-period EMA crosses above the 21-period EMA, it signals a potential bullish trend. Conversely, if the 8 EMA crosses below the 21 EMA, it may signal a bearish trend.
2. **PSAR for Trend Reversals:**
- PSAR values provide insight into potential trend reversals. When the PSAR flips (moving from above to below the price or vice versa), the script highlights these flips as potential buy/sell signals.
3. **Combining Signals:**
- The script combines multiple indicators (EMAs, PSAR, and Heiken Ashi candles) to provide stronger confirmations of potential entry and exit points. By using multiple indicators, the script reduces the likelihood of false signals.
4. **Visual Overlay:**
- The script overlays key information on the price chart, such as EMAs and PSAR dots, which makes it easy for traders to visualize market conditions in real-time.
### Benefits of Using This Script:
1. **Trend Identification:**
- The combination of EMAs and PSAR helps traders identify trends early. The visual display of these indicators directly on the chart makes it easier to detect shifts in market sentiment.
2. **Smoothed Candlesticks:**
- By using Heiken Ashi candles, the script smooths out noisy price action, making it easier to spot trends and reduce the likelihood of making impulsive decisions based on short-term volatility.
3. **Buy and Sell Signals:**
- The script generates clear buy and sell signals based on a combination of multiple technical factors (EMAs, PSAR, and Heiken Ashi). This can help traders time their entries and exits more effectively.
4. **Multi-Timeframe Alerts:**
- With the built-in alert functionality, traders can set up alerts for specific signals (like a PSAR flip or EMA crossover) across different timeframes. This helps traders stay informed without having to watch the chart constantly.
5. **Session Management:**
- The ability to track different market sessions allows traders to focus on times of high liquidity and volatility, which are often the best times to trade.
6. **Customizability:**
- The script allows traders to customize the settings for each indicator (e.g., EMA lengths, PSAR settings, session times) according to their trading preferences.
### Use Cases:
- **Trend Trading:**
- Traders who follow market trends can benefit from this script as it uses EMAs and PSAR to identify trending conditions and potential trend reversals.
- **Swing Trading:**
- Swing traders looking to capitalize on medium-term market moves can use the script to identify optimal entry and exit points based on momentum shifts.
- **Intraday Trading:**
- The inclusion of market sessions and real-time alerts makes the script useful for intraday traders who want to focus on specific trading hours, such as the opening of the London or New York sessions.
Overall, this script is designed for traders who rely on technical indicators to guide their trading decisions. The combination of EMAs, PSAR, and Heiken Ashi candles provides a well-rounded view of market trends and potential entry/exit points, making it a powerful tool for traders looking to improve their strategy.
Psychological Levels [UkutaLabs]█ OVERVIEW
The Psychological Levels Indicator provides real-time insight into key price levels within the market that can serve as powerful support and resistance levels. These levels are updated automatically in real time to display only the most relevant levels to the current price, facilitating your trading experience.
The aim of this script is to simplify the trading experience of users by automatically identifying and displaying price levels that they should be aware of.
█ USAGE
On each tick, the nearest key price level is automatically identified by the script. The script will identify this level based on the price of the commodity you are applying it to:
• Commodities priced at $0 to $999.99 will identify the nearest whole dollar.
• Commodities priced at $1,000 to $9,999.99 will identify the nearest $10.
• Commodities priced at $10,000 to $99,999.99 will identify the nearest $100.
• Commodities priced over $100,000 will identify the nearest $1,000.
We refer to this rounding price as the gap price, and it is also used to determine the prices of the other lines drawn by this script.
After identifying the nearest key price level, the script then incrementally draws lines on either side of this level at an interval of the gap price. We refer to these as the Major Lines, and the user can control the number of these lines that get drawn, the style of these lines, and they can be disabled in the settings.
The script then draws lines at the half-way point between each of these Major Lines, and we refer to these as the Minor Lines. Like the Major Lines, the user has full control over the number of these lines that can be drawn, the style of these lines, and they can be disabled in the settings.
█ SETTINGS
Configuration
• Number of Lines: Determines the number of lines that are drawn on either side of the key price line. This controls both the number of Major Lines and Minor Lines.
Line Settings
• Major Lines: Determines whether or not the Major Lines will be displayed.
- Color: Determines the color of Major Lines.
- Style: Determines the style of Major Lines.
- Width: Determines the width of Major Lines
• Minor Lines: Determines whether or not the Minor Lines will be displayed.
- Color: Determines the color of Minor Lines
- Style: Determines the style of Minor Lines
- Width: Determines the width of Minor Lines
Century Levels [UkutaLabs]█ OVERVIEW
The Century Levels Indicator provides real-time insight into key price levels within the market that can serve as powerful support and resistance levels. These levels are updated automatically in real time to display only the most relevant levels to the current price, facilitating your trading experience.
The aim of this script is to simplify the trading experience of users by automatically identifying and displaying price levels that they should be aware of.
█ USAGE
On each tick, the nearest key price level is automatically identified by the script. The script will identify this level based on the price of the commodity you are applying it to:
• Commodities priced at $0 to $999.99 will identify the nearest whole dollar.
• Commodities priced at $1'000 to $9'999.99 will identify the nearest $10.
• Commodities priced at $10'000 to $99'999.99 will identify the nearest $100.
• Commodities priced over $1'000'000 will identify the nearest $1000.
We refer to this rounding price as the gap price, and it is also used to determine the prices of the other lines drawn by this script.
After identifying the nearest key price level, the script then incrementally draws lines on either side of this level at an interval of the gap price. We refer to these as the Major Lines, and the user can control the number of these lines that get drawn, the style of these lines, and they can be disabled in the settings.
The script then draws lines at the half-way point between each of these Major Lines, and we refer to these as the Minor Lines. Like the Major Lines, the user has full control over the number of these lines that can be drawn, the style of these lines, and they can be disabled in the settings.
█ SETTINGS
Configuration
• Number of Lines: Determines the number of lines that are drawn on either side of the key price line. This controls both the number of Major Lines and Minor Lines.
Line Settings
• Major Lines: Determines whether or not the Major Lines will be displayed.
- Color: Determines the color of Major Lines.
- Style: Determines the style of Major Lines.
- Width: Determines the width of Major Lines
• Minor Lines: Determines whether or not the Minor Lines will be displayed.
- Color: Determines the color of Minor Lines
- Style: Determines the style of Minor Lines
- Width: Determines the width of Minor Lines
