GBPUSD Weekly Cross LinesThis indicator tracks 20/50 EMA crossovers on GBPUSD (Weekly timeframe) and displays the crossover points across all symbols and timeframes, allowing traders to visually align current price action with key historical turning points in GBPUSD.
The script works by detecting bullish (20 EMA crossing above 50 EMA) and bearish (20 EMA crossing below 50 EMA) signals since 2010, using request.security() to source data from GBPUSD weekly candles, even if the indicator is applied to AAPL, EURJPY, BTCUSD, or any other asset.
Each crossover is marked with a vertical line that persists across all charts, offering a powerful way to:
Compare current market context with GBPUSD’s historical trend shifts
Observe intermarket correlations
Align trading timing across multiple assets
Spot macro trend transitions that ripple across global markets
Pesquisar nos scripts por "纳斯达克期货cfd"
ICT Macro Slot Algo Event📊 Overview
A powerful multi-timeframe trading indicator that combines Institutional Macro Session Tracking identify optimal trading windows throughout the day. This tool helps traders align with institutional flow patterns and algorithmic activity across major sessions.
🎯 Key Features
1. Macro Algo Event Sessions
Tracks 6 key institutional time windows during NY Session:
NY Sweep (08:50-09:10) - Opening balance flows
Silver Bullet #1 (09:50-10:10) - First major macro move
Silver Bullet #2 (10:50-11:10) - Second chance/retest opportunity
Lunch Macro (11:50-12:10) - Mid-day repositioning
Post-Lunch Rebalance (13:10-13:40) - Post-lunch adjustments
NY Closing Macros (15:15-15:45) - End-of-day flows
FVG – (auto close + age) GR V1.0FVG – Fair Value Gaps (auto close + age counter)
Short Description
Automatically detects Fair Value Gaps (FVGs) on the current timeframe, keeps them open until price fully fills the gap or a maximum bar age is reached, and shows how many candles have passed since each FVG was created.
Full Description
This indicator automatically finds and visualizes Fair Value Gaps (FVGs) using the classic 3-candle ICT logic on any timeframe.
It works on whatever timeframe you apply it to (M1, M5, H1, H4, etc.) and adapts to the current chart.
FVG detection logic
The script uses a 3-candle pattern:
Bullish FVG
Condition:
low > high
Gap zone:
Lower boundary: high
Upper boundary: low
Bearish FVG
Condition:
high < low
Gap zone:
Lower boundary: high
Upper boundary: low
Each detected FVG is drawn as a colored box (green for bullish, red for bearish in this version, but you can adjust colors in the inputs).
Auto-close rules
An FVG remains on the chart until one of the following happens:
Full fill / mitigation
A bullish FVG closes when any candle’s low goes down to or below the lower boundary of the gap.
A bearish FVG closes when any candle’s high goes up to or above the upper boundary of the gap.
Maximum bar age reached
Each FVG has a maximum lifetime measured in candles.
When the number of candles since its creation reaches the configured maximum (default: 200 bars), the FVG is automatically removed even if it has not been fully filled.
This keeps the chart cleaner and prevents very old gaps from cluttering the view.
Age counter (labels inside the boxes)
Inside every FVG box there is a small label that:
Shows how many bars have passed since the FVG was created.
Moves together with the right edge of the box and stays vertically centered in the gap.
This makes it easy to distinguish fresh gaps from older ones and prioritize which zones you want to pay attention to.
Inputs
FVG color – Main fill color for all FVG boxes.
Show bullish FVGs – Turn bullish gaps on/off.
Show bearish FVGs – Turn bearish gaps on/off.
Max bar age – Maximum number of candles an FVG is allowed to stay on the chart before it is removed.
Usage
Works on any symbol and any timeframe.
Can be combined with your own ICT / SMC concepts, order blocks, session ranges, market structure, etc.
You can also choose to only display bullish or only bearish FVGs depending on your directional bias.
Disclaimer
This script is for educational and informational purposes only and is not financial advice. Always do your own research and use proper risk management when trading.
ICT Macro Slot Algo Event📊 Overview
A powerful multi-timeframe trading indicator that combines Institutional Macro Session Tracking to identify optimal trading windows throughout the day. This tool helps traders align with institutional flow patterns and algorithmic activity across major sessions.
🎯 Key Features
1. Macro Algo Event Sessions
Tracks 6 key institutional time windows during NY Session:
NY Sweep (08:50-09:10) - Opening balance flows
Silver Bullet #1 (09:50-10:10) - First major macro move
Silver Bullet #2 (10:50-11:10) - Second chance/retest opportunity
Lunch Macro (11:50-12:10) - Mid-day repositioning
Post-Lunch Rebalance (13:10-13:40) - Post-lunch adjustments
NY Closing Macros (15:15-15:45) - End-of-day flows
Divergence Channels Indicator — JudasBulletUnique Buy/Sell Indicator. Place stoploss above/below 18 EMA. Low risk/high reward. My No.1 indicator on every chart.
HTF Hollow Candle overlayoverlays HTF candle ontop of price so you can watch m1 chart filling up an h4 bar
ParabolicSAR+EMA[TS_Indie]🚀 EMA + Parabolic SAR Reversal Trading Strategy
This trading system effectively combines the use of Exponential Moving Averages (EMA) with the Parabolic SAR to identify both price trends and key reversal points. The EMA Fast is used to signal the primary short-term trend, while the EMA Slow acts as a filter for the long-term trend direction. The Parabolic SAR then helps to confirm the reversal signals.
🛠️ Tools Used
1. EMA Fast – Primary Short-Term Trend
2. EMA Slow – Long-Term Trend Filter
3. Parabolic SAR – Reversal Confirmation
🎯 Entry Rules
📈 Buy Setup
1. Trend Filter: EMA Fast > EMA Slow → Uptrend
2. Pullback: Price pulls back and closes below the EMA Fast line.
3. Reversal: Price reverses/pulls back up and closes above the EMA Fast line.
4. SAR Confirmation: The previous Parabolic SAR dot is above the high, and the dot in the current candle is below the low → Reversal signal confirmed.
5. Entry: Enter Buy immediately.
📉 Sell Setup
1. Trend Filter: EMA Fast < EMA Slow → Downtrend
2. Pullback: Price pulls back and closes above the EMA Fast line.
3. Reversal: Price reverses/pulls back down and closes below the EMA Fast line.
4. SAR Confirmation: The previous Parabolic SAR dot is below the low, and the dot in the current candle is above the high → Reversal signal confirmed.
5. Entry: Enter Sell immediately.
💰 Exit Management (Entry, Stop Loss, Take Profit)
1. Entry: Enter the order at the closing price of the signal candle.
2. Stop Loss (SL): Set the Stop Loss at the Parabolic SAR dot.
3. Take Profit (TP): Calculated from the Entry and Stop Loss points, multiplied by the Risk Reward Ratio.
⚙️ Optional Parameters
➭ Custom Risk/Reward Ratio for Take Profit.
➭ Option to add an ATR buffer to the Stop Loss.
➭ Adjustable EMA Fast period.
➭ Adjustable EMA Slow period.
➭ Adjustable Parabolic SAR parameters.
➭ Option to enable Long-only / Short-only positions.
➭ Customizable Backtest start and end date.
➭ Customizable trading session time.
🔔 Alert Function
Alerts display:
➭ Entry Price
➭ Stop Loss Price
➭ Take Profit Price
💡 This strategy allows for many parameter adjustments, such as the MA type, adding/subtracting from the Stop Loss using ATR, and selecting specific sessions for backtesting. If you find interesting or profitable results after adjusting the parameters, please share your comments with other traders!
⚠️ Disclaimer
This indicator is designed for educational and research purposes only. It does not guarantee profits and should not be considered financial advice. Trading in financial markets involves significant risk , including the potential loss of capital.
Advanced Triple Strategy ScalperHere are the three scalping strategies presented in the video "3 Scalping Strategies That Work Every Day (Backtested & Proven)" by Asia Forex Mentor – Ezekiel Chew:
### Scalper’s Trend Filter (Triple EMA)
This strategy uses three EMAs (25, 50, 100) on the 5-minute chart to filter high-probability trades aligned with momentum .
- Only trade when all three EMAs are angled in the same direction and clearly separated (no crossing or tangling) .
- Enter when price pulls back toward the 25 or 50 EMA and then bounces back toward the 25 EMA, but do not enter if price closes below the 100 EMA .
- Set stop-loss just below the 50 EMA or swing low and aim for a risk-to-reward ratio of 1:1.5 .
### Flip Zone Trap (Reversal Catching)
This method identifies precise reversal moments where market structure shifts from weakness to strength .
- Use the 15-min chart to locate key support or resistance zones where price previously reacted .
- Wait for price to stop making lower lows and begin making higher highs (or vice versa for shorts); confirm with a trendline break AND follow-through (higher lows & highs within 5-7 candles) .
- Use confirmation candles (bullish engulfing, pin bar rejection) at the zone before entry .
### Liquidity Shift Trigger (Smart Money Trap)
This system leverages institutional stop hunts and liquidity sweeps at key zones for sniper entries .
- Start with a 15-min chart to identify structure breaks and points of interest (order blocks, flip zones, demand zones) .
- Drop to 1-min chart and wait for price to enter the refined zone and sweep liquidity (sharp wick/spike below/above key level) .
- Once liquidity is swept, wait for a clean structure shift (break of most recent internal high or low) within 5–6 candles—if confirmed, refine entry to the candle that caused the break and enter when price returns to that candle with a strong reaction .
***
### Practical Application
- These strategies are systematic, rule-based, and designed to cut out fake moves, avoid early stop-outs, and align entries with momentum and institutional activity .
- Perfect for short timeframes and volatile pairs like XAUUSD, especially if paired with additional confirmation from other technical analysis tools .
All three strategies emphasize filtering noise, waiting for momentum/trend confirmation, and avoiding impulsive entries—key principles for consistent scalping success
Institution Radar Institution Radar
Institution Radar compares Price RSI with Volume-Delta RSI to show when price moves are real (backed by volume) or fake (moving without volume).
This helps reveal two powerful concepts:
Absorption (Bullish or Bearish)
Absorption happens when a large limit order is sitting in the order book.
Market orders hit it over and over, but the level doesn't break.
This usually means:
Strong players are absorbing the aggressive orders
Price is likely to move in the opposite direction
The next candle often reacts immediately
Can lead to a full reversal or just a short 1–2 candle move
Exhaustion (Bullish or Bearish)
Exhaustion happens when institutions pull their limit orders away.
There is no real volume behind the move, so price drifts up or down easily.
This usually means:
The current move is weak
A slowdown, pullback, or reversal is likely
Often shows up right before a flip in direction
📌 What the Signals Mean
Green signal → next candles often push upward
Red signal → next candles often push downward
These can mark trend reversals or temporary 1–2 candle reactions
🎚️ Sensitivity Setting
You can adjust how strict the signals are:
Lower sensitivity = more signals, more noise
Higher sensitivity = fewer signals, but more accurate and stronger
A higher sensitivity is recommended if you only want the cleanest institutional moments.
Tokyo & London Pre-Market Boxes (Local Time)//@version=5
indicator("Daily 10am & 6pm Lines", overlay=true)
var line line10 = na
var line line18 = na
// Convert 10:00 and 18:00 into timestamps for today
t10 = timestamp(year, month, dayofmonth, 10, 0)
t18 = timestamp(year, month, dayofmonth, 18, 0)
// When the bar’s time crosses 10:00, draw a vertical line
if (time >= t10 and time < t10)
line10 := line.new(x1 = t10, y1 = low, x2 = t10, y2 = high, color=color.blue, width = 1)
// When the bar’s time crosses 18:00 (6pm), draw another line
if (time >= t18 and time < t18)
line18 := line.new(x1 = t18, y1 = low, x2 = t18, y2 = high, color=color.red, width = 1)
Turtle System 1 (20/10) + N-Stop + MTF Table V7.2🐢 Description: Turtle System 1 (20/10) IndicatorThis indicator implements the original trading signals of the Turtle Trading System 1 based on the classic Donchian Channels. It incorporates a historically correct, volatility-based Trailing Stop (N-Stop) and a Multi-Timeframe (MTF) status dashboard. The script is written in Pine Script v6, optimized for performance and reliability.📊 Core Logic and ParametersThe system is a pure trend-following model, utilizing the more widely known, conservative parameters of the Turtle System 1:FunctionParameterValueDescriptionEntry$\text{Donchian Breakout}$$\mathbf{20}$Buy/Sell upon breaking the 20-day High/Low.Exit (Turtle)$\text{Donchian Breakout}$$\mathbf{10}$Close the position upon breaking the 10-day Low/High.Volatility$\mathbf{N}$ (ATR Period)$\mathbf{20}$Calculation of market volatility using the Average True Range (ATR).Stop-LossMultiplier$\mathbf{2.0} BER:SETS the initial and Trailing Stop at $\mathbf{2N}$.🛠️ Key Technical Features1. Original Turtle Trailing Stop (Section 4)The stop-loss mechanism is implemented with the historically accurate Turtle Trailing Logic. The stop is not aggressively tied to the current candle's low/high, which often causes premature exits. Instead, the stop only trails in the direction of the trend, maximizing the previous stop price against the new calculated $\text{Close} \pm 2N$:$$\text{New Trailing Stop} = \text{max}(\text{Previous Stop}, \text{Close} \pm (2 \times N))$$2. Reliable Multi-Timeframe (MTF) Status (Section 6)The indicator features a robust MTF status table.Purpose: It calculates and persistently stores the Turtle System 1 status (LONG=1, SHORT=-1, FLAT=0) for various timeframes (1H, 4H, 8H, 1D, and 1W).Method: It uses global var int variables combined with request.security(), ensuring the status is accurately maintained and updated across different bars and timeframes, providing a reliable higher-timeframe context.3. VisualizationsChannels: The 20-period (Entry) and 10-period (Exit) Donchian Channels are plotted.Stop Line: The dynamic $\mathbf{2N}$ Trailing Stop is visible as a distinct line.Signals: plotshape markers indicate Entry and Exit.MTF Table: A clean, color-coded status summary is displayed in the upper right corner.
Turtle System 2 (55/20) + N-Stop + MTF Table V7.2🐢 Description: Turtle System 2 (55/20) IndicatorThis indicator implements the trading signals of the Turtle Trading System 2 based on the classic Donchian Channels, supplemented by a historically correct, volatility-based Trailing Stop (N-Stop) and a Multi-Timeframe (MTF) status overview. The script was developed in Pine Script v6 and is optimized for performance and robustness.📊 Core Logic and ParametersThe indicator is based on the rule-based trend-following system developed by Richard Dennis and William Eckhardt, utilizing the more aggressive Entry/Exit parameters of System 2:FunctionParameterValueDescriptionEntry$\text{Donchian Breakout}$$\mathbf{55}$Buy/Sell upon breaking the 55-day High/Low.Exit (Turtle)$\text{Donchian Breakout}$$\mathbf{20}$Close the position upon breaking the 20-day Low/High.Volatility$\mathbf{N}$ (ATR Period)$\mathbf{20}$Calculation of market volatility using the Average True Range (ATR).Stop-LossMultiplier$\mathbf{2.0} BER:SETS the initial and Trailing Stop at $\mathbf{2N}$.🛠️ Technical Implementation1. Correct Trailing Stop (Section 4)In contrast to many flawed implementations, the Trailing Stop is implemented here according to the Original Turtle Logic. The stop price (current_stop_price) is not aggressively tied to the current low or high. Instead, at the close of each bar, it is only trailed in the direction of the trade (math.max for long positions) based on the formula:$$\text{New Trailing Stop} = \text{max}(\text{Previous Stop}, \text{Close} \pm (2 \times N))$$This ensures the stop is only adjusted upon sustained positive movement and is not prematurely triggered by short-term, deep price shadows.2. Reliable Multi-Timeframe (MTF) Logic (Section 6)The MTF section utilizes global var int variables (mtf_status_1h, mtf_status_D, etc.) in conjunction with the request.security() function.Purpose: Calculates and persistently stores the current Turtle System 2 status (LONG=1, SHORT=-1, FLAT=0) for the timeframes 1H, 4H, 8H, 1D, and 1W.Advantage: By persistently storing the status using the var variables, the critical error of single-update status is eliminated. The states shown in the table are reliable and accurately reflect the Turtle System's position status on the respective timeframes.3. Visual ComponentsDonchian Channels: The entry (55-period) and exit (20-period) channels are drawn with color highlighting.N-Stop Line: The dynamically calculated Trailing Stop ($\mathbf{2N}$) is displayed as a magenta line.Visual Signals: plotshape markers indicate Entry and Exit points.MTF Table: A compact status summary with color coding (Green/Red/Gray) for the higher timeframes is displayed in the upper right corner.
Turtle System 1 Long & Short (Donchian + N-Stop) + MTF Table V6 Turtle Trading Long & Short (System 1 – 20/10 Donchian + True 2N Trailing Stop) + Multi-Timeframe Dashboard – Pine Script v6This indicator is a 100 % faithful implementation of the famous original Turtle Trading System 1 (Richard Dennis & William Eckhardt) with the following genuine rules:Entry: 20-period Donchian Channel breakout (using the high/low of the previous completed bars only → )
Exit: Classic 10-period Donchian opposite breakout OR hit of the volatility-based stop
Risk Management: True 2N trailing stop (N = 20-period ATR). The stop is pulled tighter on every new favorable extreme (real Turtle trailing – not fixed!)
Fully dynamic position tracking (Long / Short / Flat) on the chart’s timeframe
Visual signals: green/red triangles for entries, diamonds for exits, trailing stop line, entry labels with current N and stop price
Unique Feature – Multi-Timeframe (MTF) Status Table
A clean table in the top-right corner instantly shows the current Turtle position status on five higher timeframes simultaneously:Turtle MTF
1H
4H
8H
1D
1W
Status
LONG / SHORT / FLAT (color-coded)
This allows you to see at a glance whether higher timeframes are already in a Turtle trend – perfect for trend confirmation, filtering, or multi-timeframe trading.Key Visual ElementsLime upper Donchian line (20-period high)
Red lower Donchian line (10-period low)
Gray channel fill
Fuchsia trailing 2N stop line (moves only in favorable direction)
Entry labels showing current N-value and exact stop price
Arrows and diamonds for entries/exits
Alerts
Two ready-to-use alert conditions:“Turtle Long Entry”
“Turtle Short Entry”
Works on any market and any chart timeframe (stocks, forex, futures, crypto).
Completely written and tested in Pine Script version 6.A true, clean, no-nonsense Turtle System 1 with real trailing volatility stops and a powerful higher-timeframe dashboard – exactly how the original Turtles traded (only better visualized)! Enjoy the trends!
Previous Day Candle [ApexFX]Previous Day Candle is a precision tool designed for intraday traders who rely on previous daily structures to find support and resistance.
While most indicators simply mark the previous high and low, this tool focuses on Session Continuity. It highlights the full 24-hour range of the previous day and extends those levels into the "Killzone" of the current trading day (up to 2:00 PM EST / 12:00 PM MST).
Why use this? Market reaction often occurs at the previous day's extremes. By extending these lines into the current session, you can easily spot:
Breakouts: Price pushing through yesterday's high.
Failed Auctions: Price sweeping yesterday's low and reversing.
Support/Resistance Flips: Old highs becoming new support.
Main Features:
Asset Class Presets: Don't worry about timezones. Simply select your market:
Forex: Aligns to the standard 5:00 PM EST New York Open.
Indices: Aligns to the 6:00 PM EST Globex Open.
Crypto: Aligns to UTC Midnight.
Custom: Full manual control for specific needs.
Visual "Boxing": Vertical dotted lines clearly demarcate the start and end of the previous trading day.
Dynamic History: Choose to show just yesterday's levels or look back at the last 5+ days.
Smart Color Coding: The indicator automatically cycles colors for each day (Blue = Yesterday, Green = 2 Days Ago, etc.), making it instant to read historical price action.
Best Used On: Intraday timeframes (5m, 15m, 1h).
SMI Color Red/Green📌 TradingView Description – SMI Red/Green Momentum Line
🔥 Stochastics Momentum Index (SMI) – Dynamic Red/Green Version
This indicator is an enhanced and modernized version of the Stochastic Momentum Index (SMI), designed to deliver a more visual, intuitive, and responsive view of trend momentum.
It includes:
✔️ Smoothed SMI
✔️ Dynamic Red/Green momentum coloring
✔️ Signal EMA line
✔️ Overbought/Oversold zones with shading
🎨 Dynamic Red/Green SMI Line
The main SMI line automatically changes color based on momentum direction:
Green → Bullish momentum (SMI rising)
Red → Bearish momentum (SMI falling)
This provides instant visual feedback and highlights early momentum changes even before traditional signal-line crossovers.
📉 Indicator Structure
1️⃣ Smoothed SMI
The SMI is calculated using the price’s position inside its range and then smoothed with an SMA to reduce noise.
2️⃣ EMA Signal Line
A customizable EMA acts as a signal line, providing:
Clear bullish/bearish crossovers
Trend confirmation
Cleaner entry/exit signals
3️⃣ Overbought / Oversold Zones
Extreme levels are highlighted using color-filled zones:
Red Zone (Overbought) → potential bearish reversal
Green Zone (Oversold) → potential bullish reversal
Levels are fully adjustable.
💡 How to Use It
The indicator works exceptionally well across all timeframes.
The most powerful signals are:
✔️ SMI crossing above/below the EMA
SMI crosses above EMA → bullish signal
SMI crosses below EMA → bearish signal
✔️ Leaving Overbought/Oversold zones
SMI exits the oversold zone → potential long setup
SMI exits the overbought zone → potential short setup
✔️ Color shifts (momentum direction)
Red → Green : early bullish momentum
Green → Red : early bearish momentum
Perfect for scalping, day trading, and swing trading.
🚀 Why This Version Is Better
Extremely visual momentum reading
Noise reduction through smoothing
Instantly readable color-coded trend
Strong OB/OS zone visualization
Works on any market and timeframe
Great in combination with RSI, MACD, HMA, ALMA, and trend filters
If you'd like, I can also write:
🔹 a SEO-optimized title,
🔹 recommended TradingView tags,
🔹 or a shorter promotional description.
Advanced Time Dividers & Killzones IndicatorOverview
A comprehensive Pine Script v6 indicator that displays customizable time period dividers and trading session killzones on your chart. Perfect for intraday traders who need clear visual separation of time periods and want to identify key trading sessions.
✨ Features
Time Period Dividers
Weekly Lines: Vertical lines marking the start of each week
Monthly Lines: Vertical lines marking the start of each month
Quarterly Lines: Vertical lines marking the start of each quarter (Q1, Q2, Q3, Q4)
Yearly Lines: Vertical lines marking the start of each year
Trading Session Killzones
London Session: 2:00-5:00 GMT (Blue shaded box)
New York Session: 7:00-10:00 GMT (Green shaded box)
London Close: 10:00-12:00 GMT (Orange shaded box)
Asia Session: 20:00-00:00 GMT (Pink shaded box)
🎨 Customization Options
Display Controls
Toggle each time divider type individually
Toggle each killzone individually
Adjust historical and future display range
Show/hide labels on dividers and killzones
Style Customization
Line Styles: Choose between Solid, Dashed, or Dotted lines
Line Width: Adjustable from 1 to 5 pixels
Colors: Fully customizable colors for each element with transparency control
Label Size: Choose from Tiny, Small, Normal, or Large
Period Settings
Control how many bars to display in the past (0-5000)
Control how many bars to display in the future (0-1000)
📋 Usage Instructions
Add to Chart: Add the indicator to any chart
Select Timeframe: Works best on intraday timeframes (1H, 15min, 5min) for killzones
Customize: Open settings to enable/disable features and customize colors
Trading: Use the dividers to identify time periods and killzones to spot high-liquidity sessions
💡 Trading Applications
Time Dividers
Weekly/Monthly Analysis: Identify major time period transitions
Market Structure: Analyze how price behaves at period boundaries
Event Correlation: Align with economic calendar events
Killzones
High Liquidity Periods: Trade during peak market activity
ICT Strategy: Follows Inner Circle Trader killzone concepts
Session-Based Trading: Focus on specific trading sessions
Volatility Windows: Identify when major moves typically occur
⚙️ Technical Details
Version: Pine Script v6
Type: Overlay indicator
Max Lines: 500 (optimized performance)
Max Boxes: 500 (for killzone visualization)
Timezone: GMT/UTC for killzones
Memory Efficient: Automatic cleanup of old objects
🎯 Best Practices
Combine with Price Action: Use dividers to frame your analysis
Focus on Killzones: Most significant price moves occur during these sessions
Adjust Transparency: Find the right balance between visibility and chart clarity
Use Labels Wisely: Toggle labels on/off based on your needs
Timeframe Selection: Use lower timeframes (≤1H) to see killzones clearly
📝 Notes
Killzone times are in GMT/UTC timezone
Works on all instruments (Forex, Crypto, Stocks, Futures)
Optimized for performance with automatic memory management
Fully compatible with other indicators
🔄 Updates & Support
This indicator is actively maintained. Feel free to suggest improvements or report issues in the comments.
Donchian Predictive Channel (Zeiierman)█ Overview
Donchian Predictive Channel (Zeiierman) extends the classic Donchian framework into a predictive structure. It does not just track where the range has been; it projects where the Donchian mid, high, and low boundaries are statistically likely to move based on recent directional bias and volatility regime.
By quantifying the linear drift of the Donchian midline and the expansion or compression rate of the Donchian range, the indicator generates a forward propagation cone that reflects the prevailing trend and volatility state. This produces a cleaner, more analytically grounded projection of future price corridors, and it remains fully aligned with the signal precision of the underlying Donchian logic.
█ How It Works
⚪ Donchian Core
The script first computes a standard Donchian Channel over a configurable Length:
Upper Band (dcHi) – highest high over the lookback.
Lower Band (dcLo) – lowest low over the lookback.
Midline (dcMd) – simple midpoint of upper and lower: (dcHi + dcLo)/ 2.
f_getDonchian(length) =>
hi = ta.highest(high, length)
lo = ta.lowest(low, length)
md = (hi + lo) * 0.5
= f_getDonchian(lenDC)
⚪ Slope Estimation & Range Dynamics
To turn the Donchian Channel into a predictive model, the script measures how both the midline and the range are changing over time:
Midline Slope (mSl) – derived from a 1-bar difference in linear regression of the midline.
Range Slope (rSl) – derived from a 1-bar difference in linear regression of the Donchian range (dcHi − dcLo).
This pair describes both directional drift (uptrend vs. downtrend) and range expansion/compression (volatility regime).
f_getSlopes(midLine, rngVal, length) =>
mSl = ta.linreg(midLine, length, 0) - ta.linreg(midLine, length, 1)
rSl = ta.linreg(rngVal, length, 0) - ta.linreg(rngVal, length, 1)
⚪ Forward Projection Engine
At the last bar, the indicator constructs a set of forward points for the mid, upper, and lower projections over Forecast Bars:
The midline is projected linearly using the midline slope per bar.
The range is adjusted using the range slope per bar, creating either a widening cone (expansion) or a tightening cone (compression).
Upper and lower projections are then anchored around the projected midline, with logic that keeps the structure consistent and prevents pathological flips when slope changes sign.
f_generatePoints(hi0, md0, lo0, steps, midSlp, rngSlp) =>
upPts = array.new()
mdPts = array.new()
dnPts = array.new()
fillPts = array.new()
hi_vals = array.new_float()
md_vals = array.new_float()
lo_vals = array.new_float()
curHiLocal = hi0
curLoLocal = lo0
curMidLocal = md0
segBars = math.floor(steps / 3)
segBars := segBars < 1 ? 1 : segBars
for b = 0 to steps
mdProj = md0 + midSlp * b
prevRange = curHiLocal - curLoLocal
rngProj = prevRange + rngSlp * b
hiTemp = 0.0
loTemp = 0.0
if midSlp >= 0
hiTemp := math.max(curHiLocal, mdProj + rngProj * 0.5)
loTemp := math.max(curLoLocal, mdProj - rngProj * 0.5)
else
hiTemp := math.min(curHiLocal, mdProj + rngProj * 0.5)
loTemp := math.min(curLoLocal, mdProj - rngProj * 0.5)
hiProj = hiTemp < mdProj ? curHiLocal : hiTemp
loProj = loTemp > mdProj ? curLoLocal : loTemp
if b % segBars == 0
curHiLocal := hiProj
curLoLocal := loProj
curMidLocal := mdProj
array.push(hi_vals, curHiLocal)
array.push(md_vals, curMidLocal)
array.push(lo_vals, curLoLocal)
array.push(upPts, chart.point.from_index(bar_index + b, curHiLocal))
array.push(mdPts, chart.point.from_index(bar_index + b, curMidLocal))
array.push(dnPts, chart.point.from_index(bar_index + b, curLoLocal))
ptSet.new(upPts, mdPts, dnPts)
⚪ Rejection Signals
The script also tracks failed Donchian breakouts and marks them as potential reversal/reversion cues:
Signal Down: Triggered when price makes an attempt above the upper Donchian band but then pulls back inside and closes above the midline, provided enough bars have passed since the last signal.
Signal Up: Triggered when price makes an attempt below the lower Donchian band but then snaps back inside and closes below the midline, also requiring sufficient spacing from the previous signal.
// Base signal conditions (unfiltered)
bearCond = high < dcHi and high >= dcHi and close > dcMd and bar_index - lastMarker >= lenDC
bullCond = low > dcLo and low <= dcLo and close < dcMd and bar_index - lastMarker >= lenDC
// Apply MA filter if enabled
if signalfilter
bearCond := bearCond and close < ma // Bearish only below MA
bullCond := bullCond and close > ma // Bullish only above MA
signalUp := false
signalDn := false
if bearCond
lastMarker := bar_index
signalDn := true
if bullCond
lastMarker := bar_index
signalUp := true
█ How to Use
The Donchian Predictive Channel is designed to outline possible future price trajectories. Treat it as a directional guide, not a fixed prediction tool.
⚪ Map Future Support & Resistance
Use the projected upper and lower paths as dynamic future reference levels:
Projected upper band ≈ is likely a resistance corridor if the current trend and volatility persist.
Projected lower band ≈ likely support corridor or expected downside range.
⚪ Trend Path & Volatility Cone
Because the projection is driven by midline and range slopes, the channel behaves like a trend + volatility cone:
Steep positive midline slope + expanding range → accelerating, high-volatility trend.
Flat midline + compressing range → coiling/contracting regime ahead of potential expansion.
This helps you distinguish between a gentle drift and an aggressive move that likely needs more risk buffer.
⚪ Reversion & Rejection Signals
The Donchian-based signals are especially useful for mean-reversion and fade-style trades.
A Signal Down near the upper band can mark a failed breakout and a potential rotation back toward the midline or the lower projected band.
A Signal Up near the lower band can flag a failed breakdown and a potential snap-back up the channel.
When Filter Signals is enabled, these signals are only generated when they align with the chart’s directional bias as defined by the moving average. Bullish signals are allowed only when the price is above the MA, and bearish signals only when the price is below it.
This reduces noise and helps ensure that reversions occur in harmony with the prevailing trend environment.
█ Settings
Length – Donchian lookback length. Higher values produce a smoother channel with fewer but more stable signals. Lower values make the channel more reactive and increase sensitivity at the cost of more noise.
Forecast Bars – Number of bars used for projecting the Donchian channel forward.
Higher values create a broader, longer-term projection. Lower values focus on short-horizon price path scenarios.
Filter Signals – Enables directional filtering of Donchian signals using the selected moving average. When ON, bullish signals only trigger when the price is above the MA, and bearish signals only trigger when the price is below it. This helps reduce noise and aligns reversions with the broader trend context.
Moving Average Type – The type of moving average used for signal filtering and optional plotting.
Choose between SMA, EMA, WMA, or HMA depending on desired responsiveness. Faster averages (EMA, HMA) react quickly, while slower ones (SMA, WMA) smooth out short-term noise.
Moving Average Length – Lookback length of the moving average. Higher values create a slower, more stable trend filter. Lower values track price more tightly and can flip the directional bias more frequently.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
EMA Cloud5 EMA works as a single indicator.
You can see 8-21-55-100-200 EMAs all together in one indicator.
There is also a cloud between the 8 and 21 EMA. When the 8 EMA is above the 21 EMA, the cloud appears green. When the 21 EMA is above the 8 EMA, the cloud appears red.
MTF VWAP + Candlestick VWAP Reactions (Bounce + Score)It’s an intraday VWAP + candlestick confluence tool that:
Draws daily, weekly, monthly, yearly VWAPs.
Detects textbook candlestick patterns, classed as BuH/BuM (bullish high/moderate) and BeH/BeM (bearish high/moderate) with colored boxes.
Triggers long/short arrows only when price bounces off a VWAP by at least 0.15% AND there’s a recent matching pattern.
Grades every signal as A / B / C with a score 1–10:
A (8–10) = high-reliability pattern (BuH/BeH) + strong 2-candle body reaction (your A+ setups).
B (5–8) = moderate pattern (BuM/BeM) + one solid bounce.
C (1–5) = weaker / mixed context (scalpy or gamble).
