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indicator CalibrationIndicator Calibration - Multi-Indicator Consensus System Overview Indicator Calibration is a powerful consensus-based trading indicator that leverages the MyIndicatorLibrary (NormalizedIndicators) to combine multiple trend-following indicators into a single, actionable signal. By averaging the normalized outputs of up to 8 different trend indicators, this tool provides traders with a clear consensus view of market direction, reducing noise and false signals inherent in single-indicator approaches. The indicator outputs a value between -1 (strong bearish) and +1 (strong bullish), with 0 representing a neutral market state. This creates an intuitive, easy-to-read oscillator that synthesizes multiple analytical perspectives into one coherent signal. 🎯 Core Concept Consensus Trading Philosophy Rather than relying on a single indicator that may give conflicting or premature signals, Indicator Calibration employs a democratic voting system where multiple indicators contribute their normalized opinion: Each enabled indicator votes: +1 (bullish), -1 (bearish), or 0 (neutral) The votes are averaged to create a consensus signal Strong consensus (closer to ±1) indicates high agreement among indicators Weak consensus (closer to 0) indicates market indecision or transition Key Benefits Reduced False Signals: Multiple indicators must agree before strong signals appear Noise Filtering: Individual indicator quirks are smoothed out by averaging Customizable: Enable/disable indicators and adjust parameters to suit your trading style Universal Application: Works across all timeframes and asset classes Clear Visualization: Simple line oscillator with clear bull/bear zones 📊 Included Indicators The system can utilize up to 8 normalized trend-following indicators from the library: 1. BBPct - Bollinger Bands Percent Parameters: Length (default: 20), Factor (default: 2) Type: Stationary oscillator Strength: Mean reversion and volatility detection 2. NorosTrendRibbonEMA Parameters: Length (default: 20) Type: Non-stationary trend follower Strength: Breakout detection with momentum confirmation 3. RSI - Relative Strength Index Parameters: Length (default: 9), SMA Length (default: 4) Type: Stationary momentum oscillator Strength: Overbought/oversold with smoothing 4. Vidya - Variable Index Dynamic Average Parameters: Length (default: 30), History Length (default: 9) Type: Adaptive moving average Strength: Volatility-adjusted trend following 5. HullSuite Parameters: Length (default: 55), Multiplier (default: 1) Type: Fast-response moving average Strength: Low-lag trend identification 6. TrendContinuation Parameters: MA Length 1 (default: 50), MA Length 2 (default: 25) Type: Dual HMA system Strength: Trend quality assessment with neutral states 7. LeonidasTrendFollowingSystem Parameters: Short Length (default: 21), Key Length (default: 10) Type: Dual EMA crossover Strength: Simple, reliable trend tracking 8. TRAMA - Trend Regularity Adaptive Moving Average Parameters: Length (default: 50) Type: Adaptive trend follower Strength: Adjusts to trend stability ⚙️ Input Parameters Source Settings Source: Choose your price input (default: close) Can be modified to: open, high, low, close, hl2, hlc3, ohlc4, hlcc4 Indicator Selection Each indicator can be enabled or disabled via checkboxes: use_bbpct: Enable/disable Bollinger Bands Percent use_noros: Enable/disable Noro's Trend Ribbon use_rsi: Enable/disable RSI use_vidya: Enable/disable VIDYA use_hull: Enable/disable Hull Suite use_trendcon: Enable/disable Trend Continuation use_leonidas: Enable/disable Leonidas System use_trama: Enable/disable TRAMA Parameter Customization Each indicator has its own parameter group where you can fine-tune: val 1: Primary period/length parameter val 2: Secondary parameter (multiplier, smoothing, etc.) 📈 Signal Interpretation Output Line (Orange) The main output oscillates between -1 and +1: +1.0 to +0.5: Strong bullish consensus (all or most indicators agree on uptrend) +0.5 to +0.2: Moderate bullish bias (bullish indicators outnumber bearish) +0.2 to -0.2: Neutral zone (mixed signals or transition phase) -0.2 to -0.5: Moderate bearish bias (bearish indicators outnumber bullish) -0.5 to -1.0: Strong bearish consensus (all or most indicators agree on downtrend) Reference Lines Green line (+1): Maximum bullish consensus Red line (-1): Maximum bearish consensus Gray line (0): Neutral midpoint 💡 Trading Strategies Strategy 1: Consensus Threshold Trading Entry Rules: - Long: Output crosses above +0.5 (strong bullish consensus) - Short: Output crosses below -0.5 (strong bearish consensus) Exit Rules: - Exit Long: Output crosses below 0 (consensus lost) - Exit Short: Output crosses above 0 (consensus lost) Strategy 2: Zero-Line Crossover Entry Rules: - Long: Output crosses above 0 (bullish shift in consensus) - Short: Output crosses below 0 (bearish shift in consensus) Exit Rules: - Exit on opposite crossover Strategy 3: Divergence Trading Look for divergences between: - Price making higher highs while indicator makes lower highs (bearish divergence) - Price making lower lows while indicator makes higher lows (bullish divergence) Strategy 4: Extreme Reading Reversal Entry Rules: - Long: Output reaches -0.8 or below (extreme bearish consensus = potential reversal) - Short: Output reaches +0.8 or above (extreme bullish consensus = potential reversal) Use with caution - best combined with other reversal signals 🔧 Optimization Tips For Trending Markets Enable trend-following indicators: Noro's, VIDYA, Hull Suite, Leonidas Use higher threshold levels (±0.6) to filter out minor retracements Increase indicator periods for smoother signals For Range-Bound Markets Enable oscillators: BBPct, RSI Use zero-line crossovers for entries Decrease indicator periods for faster response For Volatile Markets Enable adaptive indicators: VIDYA, TRAMA Use wider threshold levels to avoid whipsaws Consider disabling fast indicators that may overreact Custom Calibration Process Start with all indicators enabled using default parameters Backtest on your chosen timeframe and asset Identify which indicators produce the most false signals Disable or adjust parameters for problematic indicators Test different threshold levels for entry/exit Validate on out-of-sample data 📊 Visual Guide Color Scheme Orange Line: Main consensus output Green Horizontal: Bullish extreme (+1) Red Horizontal: Bearish extreme (-1) Gray Horizontal: Neutral zone (0) Reading the Chart Line above 0: Net bullish sentiment Line below 0: Net bearish sentiment Line near extremes: Strong consensus Line fluctuating near 0: Indecision or transition Smooth line movement: Stable consensus Erratic line movement: Conflicting signals ⚠️ Important Considerations Lag Characteristics This is a lagging indicator by design (consensus takes time to form) Best used for trend confirmation rather than early entry May miss the first portion of strong moves Reduces false entries at the cost of delayed entries Number of Active Indicators More indicators = smoother but slower signals Fewer indicators = faster but potentially noisier signals Minimum recommended: 4 indicators for reliable consensus Optimal: 6-8 indicators for balanced performance Market Conditions Best: Strong trending markets (up or down) Good: Volatile markets with clear directional moves Poor: Choppy, sideways markets with no clear trend Worst: Low-volume, range-bound conditions Complementary Tools Consider combining with: Volume analysis for confirmation Support/resistance levels for entry/exit points Market structure analysis (higher timeframe trends) Risk management tools (ATR-based stops) 🎓 Example Use Cases Swing Trading Timeframe: Daily or 4H Enable: All 8 indicators with default parameters Entry: Consensus > +0.5 or < -0.5 Hold: Until consensus reverses to opposite extreme Day Trading Timeframe: 15m or 1H Enable: Faster indicators (RSI, BBPct, Noro's, Hull Suite) Entry: Zero-line crossover with volume confirmation Exit: Opposite crossover or profit target Position Trading Timeframe: Weekly or Daily Enable: Slower indicators (TRAMA, VIDYA, Trend Continuation) Entry: Strong consensus (±0.7) with higher timeframe confirmation Hold: Months until consensus weakens significantly 🔬 Technical Details Calculation Method 1. Each enabled indicator calculates its normalized signal (-1, 0, or +1) 2. All active signals are stored in an array 3. Array.avg() computes the arithmetic mean 4. Result is plotted as a continuous line Output Range Theoretical: -1.0 to +1.0 Practical: Typically ranges between -0.8 to +0.8 Rare: All indicators perfectly aligned at ±1.0 Performance Lightweight calculation (simple averaging) No repainting (all indicators are non-repainting) Compatible with all Pine Script features Works on all TradingView plans 📋 License This code is subject to the Mozilla Public License 2.0 at mozilla.org 🚀 Quick Start Guide Add to Chart: Apply indicator to your chart Choose Timeframe: Select appropriate timeframe for your trading style Enable Indicators: Start with all 8 enabled Observe Behavior: Watch how consensus forms during different market conditions Calibrate: Adjust parameters and indicator selection based on observations Backtest: Validate your settings on historical data Trade: Apply with proper risk management 🎯 Key Takeaways ✅ Consensus beats individual indicators - Multiple perspectives reduce errors ✅ Customizable to your style - Enable/disable and tune to preference ✅ Simple interpretation - One line tells the story ✅ Works across markets - Stocks, crypto, forex, commodities ✅ Reduces emotional trading - Clear, objective signal generation ✅ Professional-grade - Built on proven technical analysis principles Indicator Calibration transforms complex multi-indicator analysis into a single, actionable signal. By harnessing the collective wisdom of multiple proven trend-following systems, traders gain a powerful edge in identifying high-probability trade setups while filtering out market noise.
Indicador Pine Script®
por Unicorpus
MTF Checklist DashboardMTF Checklist Dashboard Overview The MTF Checklist Dashboard is an advanced multi-timeframe analysis tool that provides traders with a comprehensive visual dashboard to analyze market conditions across six customizable timeframes simultaneously. This indicator combines multiple technical analysis methods, including Opening Range Breakouts (ORB), VWAP, EMAs, and daily price levels, to generate high-probability confluence-based trading signals.​ Unlike traditional single-timeframe indicators, this dashboard displays all critical information in one organized table, allowing traders to instantly identify when multiple timeframes align for optimal entry and exit opportunities.​ Key Features Multi-Timeframe Analysis Analyzes up to 6 timeframes simultaneously (default: 1m, 5m, 15m, 30m, 1h, 4h) Fully customizable timeframe selection via comma-separated input Color-coded cells for instant visual recognition (green=bullish, red=bearish, yellow=neutral)​ Technical Indicators Tracked Current and previous candle direction Opening Range Breakout (ORB) positioning with custom period VWAP relationship (above/below) 200 EMA positioning Daily and previous day high/low proximity EMA crossovers (9 vs 21, both vs 200)​ Advanced Signal Filtering System Confluence scoring: Requires multiple timeframes to align (3-6 timeframes) Higher timeframe confirmation: Ensures 30m/1h/4h agreement Volume filter: Confirms signals with above-average volume (1.5x default) ATR volatility filter: Validates sufficient market movement Session timing: Restricts signals to optimal trading hours (EST) Momentum confirmation: Requires recent directional strength Range positioning: Blocks signals near daily extremes Candle strength: Validates strong directional candles (60%+ body ratio)​ Visual Signals Optional entry arrows (above/below bars) Background color highlighting Organized dashboard with real-time price levels ORB range, current day, and previous day summary rows​ Alert Conditions JSON-formatted alerts for automated trading integration Separate alerts for long entry, short entry, long exit, and short exit Compatible with webhook automation systems​ How To Use Dashboard Interpretation The dashboard displays a color-coded table with the following columns:​ TF: Timeframe being analyzed C: Current candle (Green=bullish, Red=bearish) P: Previous candle (Green=bullish, Red=bearish) ORB: Opening Range Breakout position (A=Above, B=Below, W=Within) VWAP: Price vs VWAP (A=Above, B=Below) E200: Price vs 200 EMA (A=Above, B=Below) D Hi/Lo: Proximity to current day high/low (Hi/Lo/Mid) PD Hi/Lo: Proximity to previous day high/low (Hi/Lo/Mid) 9 vs 21: EMA 9 vs EMA 21 relationship (A=9 above 21, B=9 below 21) 9&21 v200: Both EMAs vs 200 EMA (>>=both above, <<=both below, <>=mixed) Signal Generation Long Entry Signal triggers when: Minimum number of timeframes show bullish alignment (default: 5 of 6) Higher timeframes (30m/1h/4h) confirm direction (default: 2 of 3) Price breaks above ORB high with sufficient distance Volume exceeds average by specified multiplier ATR shows adequate volatility Trade occurs during optimal session hours Recent momentum is upward Price not too close to daily high Strong bullish candle forms​ Short Entry Signal uses opposite conditions​ Exit Signals trigger when opposing timeframe confluence reaches threshold (default: 3 timeframes)​ Recommended Workflow Select your asset and primary trading timeframe Observe the dashboard - Look for rows showing mostly green (bullish) or red (bearish) Wait for alignment - The indicator will show arrows when confluence requirements are met Check the bottom rows - Review ORB levels and daily ranges for context Set alerts - Enable TradingView alerts using the built-in alert conditions Manage risk - Use appropriate position sizing and stop losses based on ORB range or daily ATR​ Settings Guide Basic Settings Timeframes: Enter comma-separated values (e.g., "1,5,15,30,60,240") Show Header: Toggle column headers on/off ORB Minutes: Set opening range period (default: 15 minutes) Near % for daily highs/lows: Define proximity threshold (default: 0.20%) Use close for comparisons: Compare using close vs current price Dashboard Position: Choose from 9 screen positions​ Confluence Filters Minimum Timeframes Aligned: Set required confluence (3-6, default: 5) Require Higher Timeframe Confirmation: Toggle HTF requirement on/off Min Higher Timeframes: Specify HTF agreement needed (1-3, default: 2)​ Volume Filter Volume Confirmation: Enable/disable volume filtering Volume vs Average: Set multiplier threshold (default: 1.5x) Volume Average Length: Period for volume average (default: 20 bars) Volatility Filter (ATR) Volatility Filter: Enable/disable ATR confirmation ATR Length: Calculation period (default: 14) Min ATR vs Average: Required ATR level (default: 0.5x = 50%) ORB Filters ORB Breakout Distance Required: Toggle distance requirement Min Breakout % Beyond ORB: Additional breakout threshold (default: 0.10%) Session Filter Trade Only During Best Hours: Enable time-based filtering Session 1: First trading window (default: 0930-1130 EST) Session 2: Second trading window (default: 1400-1530 EST) Momentum Filter Recent Momentum Required: Enable directional momentum check Lookback Bars: Period for momentum comparison (default: 3 bars) Daily Range Filter Block Signals Near Daily Extremes: Prevent entries at extremes Distance from High/Low %: Minimum distance required (default: 2.0%) Candle Filter Strong Directional Candle: Require candle strength Min Candle Body %: Body-to-range ratio threshold (default: 60%) Visual Signals Show Entry Signals: Master toggle for visual signals Show Arrows: Display entry arrows on chart Background Color: Enable background highlighting​ Best Practices Start with default settings and adjust based on your trading style and asset volatility Higher confluence requirements (5-6 timeframes) produce fewer but higher-quality signals Enable all filters for conservative trading; disable some for more frequent signals Use the dashboard as confirmation alongside your existing trading strategy Backtest on your specific instruments before live trading Consider market conditions—trending vs ranging markets may require different settings​ Alerts This indicator includes four alert conditions with JSON formatting for webhook integration:​ Long Entry Signal: Triggers when all long conditions are met Short Entry Signal: Triggers when all short conditions are met Long Exit Signal: Triggers when opposing confluence reaches exit threshold Short Exit Signal: Triggers when opposing confluence reaches exit threshold Alert messages include ticker symbol, action (buy/sell), price, and quantity for automated trading systems.​ Important Notes This indicator works best on liquid instruments with clear price action Highly volatile markets may require adjusted ATR and ORB distance settings Session times are in EST timezone—adjust if trading non-US markets The ORB calculation requires sufficient price history for the day Signals are generated in real-time but should be confirmed at candle close​ Limitations Maximum of 6 timeframes can be analyzed due to TradingView's security call limits ORB calculations may not work correctly on instruments with gaps or irregular sessions The indicator is most effective during regular market hours when volume and volatility are adequate Lower timeframes (1m, 5m) may produce more false signals in choppy conditions​ License Mozilla Public License 2.0 (MPL-2.0) This indicator is licensed under the Mozilla Public License 2.0. You are free to use, modify, and distribute this code under the terms of the MPL-2.0. The full license text is available at mozilla.org Key license provisions: You may use this code commercially You may modify and distribute modified versions Modified versions must be released under the same license You must include the original license notice in any distributions No trademark rights are granted​ Disclaimer This indicator is provided for educational and informational purposes only. It is not financial advice, and past performance does not guarantee future results. Trading involves substantial risk of loss. Always:​ Practice proper risk management Test thoroughly on paper/demo accounts before live trading Use appropriate position sizing Never risk more than you can afford to lose Consult with a financial advisor for personalized advice​ The creator assumes no liability for trading losses incurred using this indicator.​ Version: 2.0 Pine Script Version: v6 Author: © EliasVictor
Indicador Pine Script®
por EliasVictor
Previous Day & Week Highs and Lows 1.3Overlay indicator that plots horizontal lines for the previous day’s and previous week’s highs and lows. Lines extend until the next period starts, so you can see these levels throughout the current day or week. The indicator detects new daily and weekly sessions and draws lines at the previous period’s high and low. Daily levels use green (high) and red (low); weekly levels use blue (high) and magenta (low). You can toggle daily/weekly independently, customize colors, and adjust line width. It works on intraday timeframes and helps identify support/resistance and track breakouts relative to prior periods.
Indicador Pine Script®
por camren_browne
1
Trade The Matric / MACD-RSI Hybrid Candles**"MACD-RSI Hybrid Candles"** is a **custom TradingView Pine Script (v6)** indicator that **replaces your chart’s default candles** with **dynamically colored, intensity-adjusted candles** based on **combined MACD and RSI signals**. It’s a **visual fusion** of: - **MACD Histogram** → Momentum & Trend Strength - **RSI** → Overbought/Oversold & Trend Confirmation - **Dynamic Transparency** → Visualizes **signal strength** The result? **At-a-glance confirmation of bullish/bearish phases** — no need to check subcharts. --- ## OVERVIEW: What This Indicator Does | Feature | Purpose | |-------|--------| | **Replaces price candles** | Entire chart becomes a **live MACD-RSI signal map** | | **Colors based on dual confirmation** | Only strong when **both** MACD and RSI agree | | **Transparency = momentum intensity** | Brighter = stronger signal | | **Labels & Alerts** | Highlights **phase changes** (bullish/bearish shifts) | --- ## USER INPUTS (Customizable) | Input | Default | Description | |------|--------|-----------| | `fastLen` | 12 | MACD Fast EMA | | `slowLen` | 26 | MACD Slow EMA | | `signalLen` | 9 | MACD Signal Line | | `rsiLen` | 14 | RSI Period | | `showLabels` | true | Show "Bullish Phase" / "Bearish Phase" labels | > Standard settings — tweak for sensitivity. --- ## CORE CALCULATIONS ### 1. **MACD** ```pinescript macdLine = ta.ema(close, fastLen) - ta.ema(close, slowLen) signalLine = ta.ema(macdLine, signalLen) hist = macdLine - signalLine ``` - `hist > 0` → **Bullish momentum** - `hist < 0` → **Bearish momentum** ### 2. **RSI** ```pinescript rsi = ta.rsi(close, rsiLen) ``` - `rsi > 50` → **Bullish bias** - `rsi < 50` → **Bearish bias** --- ## DUAL CONFIRMATION LOGIC | Condition | Meaning | |--------|--------| | `bullCond = macdBull and rsiBull` | **MACD hist > 0** AND **RSI > 50** → **Confirmed Bullish** | | `bearCond = macdBear and rsiBear` | **MACD hist < 0** AND **RSI < 50** → **Confirmed Bearish** | | Otherwise | **Neutral / Conflicted** | > Only **strong, aligned signals** get bright colors. --- ## DYNAMIC INTENSITY & TRANSPARENCY (Key Feature) ```pinescript maxHist = ta.highest(math.abs(hist), 100) intensity = math.abs(hist) / maxHist transp = 90 - (intensity * 80) ``` ### How It Works: 1. Finds **strongest MACD histogram value** in last 100 bars 2. Compares **current histogram** to that peak → `intensity` (0 to 1) 3. **Transparency scales from 90 (faint) → 10 (bright)** | Intensity | Transparency | Visual Effect | |---------|--------------|-------------| | 0% (weak) | 90 | Almost transparent | | 50% | 50 | Medium | | 100% | 10 | **Vivid, bold candle** | > **Brighter candle = stronger momentum relative to recent history** --- ## CANDLE COLOR LOGIC | Condition | Candle & Wick Color | Transparency | |--------|---------------------|------------| | **Confirmed Bullish** (`bullCond`) | **Lime Green** | Dynamic (10–90) | | **Confirmed Bearish** (`bearCond`) | **Red** | Dynamic (10–90) | | **Neutral / Conflicted** | **Gray** | Fixed 80 (faint) | > **Wicks and borders match body** → full candle takeover --- ## VISUAL OUTPUT ### 1. **Custom Candles** ```pinescript plotcandle(open, high, low, close, color=barColor, wickcolor=barColor, bordercolor=barColor) ``` - **Replaces default chart candles** - **No original candles visible** ### 2. **Labels (Optional)** - **"Bullish Phase"** → Green label **below low** when: - MACD histogram **crosses above zero** - AND RSI **> 50** - **"Bearish Phase"** → Red label **above high** when: - MACD histogram **crosses below zero** - AND RSI **< 50** > Up to **500 labels** (`max_labels_count=500`) --- ## ALERTS (Built-In) | Alert | Trigger | |------|--------| | **Bullish MACD-RSI Signal** | `ta.crossover(hist, 0) and rsi > 50` | | **Bearish MACD-RSI Signal** | `ta.crossunder(hist, 0) and rsi < 50` | > Message: *"MACD crossed above zero with RSI > 50 — Bullish phase."* --- ## HOW TO READ THE CHART | Visual | Market State | Interpretation | |-------|-------------|----------------| | **Bright Lime Candles** | **Strong Bullish Momentum** | High conviction — trend accelerating | | **Faint Lime Candles** | **Weak Bullish** | Momentum present but not strong | | **Bright Red Candles** | **Strong Bearish Momentum** | Downtrend with power | | **Faint Red Candles** | **Weak Bearish** | Selling pressure, but fading | | **Gray Candles** | **Conflicted / Choppy** | MACD and RSI disagree — avoid | | **"Bullish Phase" Label** | **New Uptrend Starting** | Entry signal | | **"Bearish Phase" Label** | **New Downtrend Starting** | Short signal | --- ## TRADING STRATEGY (Example) ### **Long Entry** 1. Wait for **"Bullish Phase" label** 2. Confirm **bright lime candles** (intensity > 50%) 3. Enter on **pullback to support** or **breakout** 4. **Stop Loss**: Below recent swing low 5. **Take Profit**: Trail with EMA or at resistance ### **Short Entry** 1. Wait for **"Bearish Phase" label** 2. Confirm **bright red candles** 3. Enter on **rally to resistance** > **Best in trending markets** — avoid choppy ranges. --- ## UNIQUE FEATURES | Feature | Benefit | |-------|--------| | **Dual Confirmation** | Avoids false MACD signals in overbought/oversold zones | | **Dynamic Transparency** | Shows **relative strength** — not just direction | | **Full Candle Replacement** | Clean, uncluttered chart | | **Phase Labels** | Marks **exact trend change points** | | **Built-in Alerts** | No extra setup needed | --- ## LIMITATIONS | Issue | Note | |------|------| | **Lagging by design** | MACD & RSI are reactive | | **Repainting?** | **No** — all on close | | **No volume filter** | Add separately for better accuracy | | **Labels can clutter** | Toggle off in choppy markets | | **Intensity uses 100-bar lookback** | May lag in very long trends | --- ## BEST USE CASES | Market | Timeframe | Style | |-------|----------|------| | Stocks, Forex, Crypto | 15m, 1H, 4H | Swing / Trend Following | | **Avoid**: Sideways markets | Yes | High noise = many gray candles | --- ## COMPARISON TO STANDARD MACD/RSI | Feature | This Indicator | Standard MACD + RSI | |-------|----------------|---------------------| | Visual | **Candles = signal** | Subchart lines | | Confirmation | Built-in dual logic | Manual | | Strength | Dynamic brightness | Histogram height | | Alerts | Phase changes | Need custom | | Chart Clutter | Low | High (two panels) | > **This is a "one-panel" momentum dashboard** --- ## SUMMARY: What This Indicator Does > **"MACD-RSI Hybrid Candles"** turns your **entire price chart into a live momentum heatmap** where: > > 1. **Candle color** = **MACD + RSI agreement** (Bullish / Bearish / Neutral) > 2. **Brightness** = **Momentum strength** vs. recent 100 bars > 3. **Labels & Alerts** = **Trend phase changes** (zero-line crosses with RSI filter) > > It **eliminates subcharts** and gives **instant visual confirmation** of: > - **Trend direction** > - **Momentum power** > - **High-probability entries** --- **Ideal for traders who want:** - **No indicator panels** - **Clear, color-coded signals** - **Strength at a glance** - **Automated alerts on trend shifts** --- **Pro Tip**: Use with **volume** or **support/resistance** for **higher win rate**.
Indicador Pine Script®
por Morpheus835
1
Previous Day & Week Highs and LowsOverlay indicator that plots horizontal lines for the previous day’s and previous week’s highs and lows. Lines extend until the next period starts, so you can see these levels throughout the current day or week. The indicator detects new daily and weekly sessions and draws lines at the previous period’s high and low. Daily levels use green (high) and red (low); weekly levels use blue (high) and magenta (low). You can toggle daily/weekly independently, customize colors, and adjust line width. It works on intraday timeframes and helps identify support/resistance and track breakouts relative to prior periods.
Indicador Pine Script®
por camren_browne
ZFX Prime Trend Matrix PRO – Zumiko FX📌 ZFX Prime Trend Matrix PRO – Zumiko FX ZFX Prime Trend Matrix PRO is a multi-timeframe trend dashboard designed by Zumiko FX to give traders an instant, complete market overview. It analyzes six key timeframes simultaneously and displays trend direction, band positioning, momentum, volatility and alignment — all in one clean, horizontal table. This matrix is made to simplify decision-making and help traders instantly identify when multiple timeframes agree on a market direction. 🔹 What the Matrix Shows The dashboard updates in real time and displays: 1. Trend Direction UP / DOWN / Neutral for each timeframe (M1, M5, M15, H1, H4, D1). 2. Bands Position (Prime Bands) Shows whether price is: Above Fast Band Below Fast Band Above Slow Band Below Slow Band Inside range Perfect for spotting breakouts and trend continuation zones. 3. RSI (Momentum Strength) Color-coded RSI readings help detect overbought/oversold and neutral momentum. 4. Stochastic (Timing Tool) Reads market timing with Stoch K/D movements. Highlights when a trend aligns with momentum. 5. ATR Bias Instant view of volatility pressure: LONG SHORT Neutral Great for filtering entries. 6. HTF Alignment Shows whether each timeframe is aligned with the next higher timeframe. A powerful trend continuation filter used by advanced traders. 7. Trading Signal Zone Final synthesised signal: BUY ZONE → Strong bullish alignment SELL ZONE → Strong bearish alignment NO TRADE → Conditions not optimal This allows traders to quickly identify “green light” moments across the trend structure. 🔹 Why This Matrix Is Powerful ✔ Shows 6 timeframes at once ✔ Helps confirm entries from other indicators ✔ Reveals hidden contradictions in trend ✔ Perfect for scalpers and day traders who need fast confirmation ✔ Works with any strategy as a high-level filter ✔ Clean, minimalistic, professional UI 🔹 Who Is It For? Scalpers Day traders Swing traders Traders using trend-following strategies Traders who want a clean, high-level overview 🔹 About Zumiko FX Developed by Zumiko FX, known for precision-based systems and advanced multi-timeframe tools for serious traders.
Indicador Pine Script®
por kodik19788
MP Universal FVG Detector🇺🇸 English Description MP Universal FVG Detector A clean and powerful indicator that automatically detects classic ICT 3-candle Fair Value Gaps on any market and any timeframe. It highlights bullish and bearish imbalances with clear colored boxes, helping you quickly spot inefficient price zones where liquidity is likely to return. Perfect for: • Smart Money Concepts • ICT/Inner Circle Trader setups • Breaker / OB / Displacement traders • Scalpers, day traders, swing traders The indicator works with all assets: crypto, forex, stocks, indices, commodities — and on all timeframes. 🇺🇦 Опис українською MP Universal FVG Detector Чистий і потужний індикатор, який автоматично визначає класичні 3-свічкові Fair Value Gap (FVG) у стилі ICT на будь-якому ринку та будь-якому таймфреймі. Він підсвічує бичачі та ведмежі дисбаланси кольоровими боксами, щоб ти легко бачив неефективні зони ціни, куди з великою ймовірністю повернеться ліквідність. Підходить для: • Smart Money Concepts • ICT/Inner Circle Trader структур • Breaker / Order Block / Displacement трейдерів • Скальпінгу, внутрідеяльної та свінг-торгівлі Працює з усіма активами: крипта, форекс, акції, індекси, товари — і на всіх таймфреймах.
Indicador Pine Script®
por mp_mood
Time ColorsTime Colors – Custom Trading Sessions Visualizer Time Colors is a simple visual helper for backtesting and intraday trading. It lets you define up to 10 custom time blocks and highlights the chart background during those periods. Use it to: Mark the exact times when you are realistically able to trade Visually separate different sessions (e.g. London, New York, Asia) Filter out “dream trades” that happened while you were sleeping or at work Features Up to 10 fully customizable time blocks Individual on/off toggle for each block Custom color for every block Works on any intraday timeframe Session resolution input for flexible time handling How to use Add the Time Colors indicator to your chart. Set each Time Block to your personal trading hours (based on your TradingView timezone). Disable blocks you don’t need with “Enable Block X”. When backtesting, only count trades that occur inside the colored areas – those are the times you could have actually taken trades.
Indicador Pine Script®
por Twe3x
BTC Marty IndicatorsThis custom Pine Script indicator is designed specifically for Bitcoin (BTC) trading analysis on TradingView. It combines multiple technical tools into a single, easy-to-use overlay indicator to help traders identify trends, momentum shifts, and overall market sentiment. Ideal for swing traders, long-term holders, or anyone monitoring BTC's price action across various timeframes. Key Features: Timeframe-Independent SMAs (110 and 350d) MACD Histogram Signals
Indicador Pine Script®
por martyupintheair
MSB Trend Breakout Indicator V7**MSB Trend Breakout Indicator (V7)** This indicator is a robust, rule-based system designed to align trade entries with confirmed momentum shifts. **TECHNICAL JUSTIFICATION (Why it works):** The core logic combines two essential concepts to improve signal reliability: 1. **Trend Confirmation (The Slow Filter):** Uses the **50-period Exponential Moving Average (EMA)** to strictly filter the market bias. Signals are only generated when the price is clearly above or below this moving average, preventing counter-trend trading and focusing on the dominant institutional flow. 2. **Momentum Entry (The Fast Filter):** A **3-bar high/low breakout** confirms the immediate price surge. This short-term trigger provides an optimal entry point right as the momentum begins. **The Combination's Value:** This mashup's purpose is to avoid the whipsaws of the fast breakout signal and the lagging nature of the slow EMA, providing a unique balance of speed and directional confirmation. **Usage:** * Optimized For: XAUUSD (Gold) on 15m/30m charts. --- **Important Note & Risk Disclosure:** This tool is for informational and educational use only. **It does not guarantee profits** and is not financial advice. Past performance is not indicative of future results. Please conduct your own analysis before trading.
Indicador Pine Script®
por kmozkan
Ultimate Adaptive Trend & Volume SystemUltimate Adaptive Trend & Volume System (UT Bot + VIDYA + Kalman) A complete adaptive trend engine with volume overlays, Kalman precision, and multi filter confirmations. Description: This multi filter trading system integrates UT Bot, Waddah Attar Explosion (WAE), ADX, Trendillo, VIDYA blended T3, and Kalman SuperTrend logic. It generates BUY, SELL, and TP signals only when multiple adaptive trend, volume, and volatility conditions align. 🔑 Core Features • UT Bot Sensitivity + ATR Distance for base entries • Hybrid T3 + VIDYA trendline (adaptive slope by @davidtech) • Kalman Exponential SuperTrend (KEST | MisinkoMaster) for band slope, expansion, and compression filters • Trendillo ALMA smoothing for trend strength validation • Waddah Attar Explosion V2 by LazyBear for momentum confirmation • TDFI (@davidtech) and Uptrick Volume Weightbands as optional overlays for volume weighted trend context • 150 EMA anchor for long term directional bias • Multi timeframe hybrid slope (15m) for higher timeframe confirmation 📊 Filters & Overrides • Candle body strength, breakout candle confirmation, and directional breaks • Volume filters: average, collapse, spike, and time of day bias • Directional volume delta confirmation • ROC burst persistence and slope acceleration filters • ADX + WAE dynamic gating for strong momentum • Volatility compression/expansion breakout detection • Pre session momentum scan for London open • Chop zone filter (RSI + MACD flat) • Override logic: Kalman flip + volume spike, slope + ROC burst combo, volatility breakout override, and 3m breakout exception • Gating Table Overlay: chart native table showing condition status (trend, volume, slope, overrides) in real time, with collapsible toggles and clear ticks/crosses for transparency 🖼️ Visual Overlays • Hybrid T3 + VIDYA line with slope coloring • Kalman SuperTrend bands • WAE histogram overlay • TDFI and Uptrick Volume Weightbands for volume weighted context • 150 EMA reference line • Pivot based support/resistance channels • BUY, SELL, TP labels plotted on the prior bar for accuracy • Session shading for no trade hours 🛠️ Alerts • BUY, SELL, and TP alerts tied directly to signal flags • Signals persist until bar close, then reset cleanly
Indicador Pine Script®
por RisingBull1985
2
Frequency Momentum Oscillator [QuantAlgo]🟢 Overview The  Frequency Momentum Oscillator  applies Fourier-based spectral analysis principles to price action to identify regime shifts and directional momentum. It calculates Fourier coefficients for selected harmonic frequencies on detrended price data, then measures the distribution of power across low, mid, and high frequency bands to distinguish between persistent directional trends and transient market noise. This approach provides traders with a quantitative framework for assessing whether current price action represents meaningful momentum or merely random fluctuations, enabling more informed entry and exit decisions across various asset classes and timeframes. 🟢 How It Works The calculation process removes the dominant trend from price data by subtracting a simple moving average, isolating cyclical components for frequency analysis: detrendedPrice = close - ta.sma(close , frequencyPeriod) The detrended price series undergoes frequency decomposition through Fourier coefficient calculation across the first 8 harmonics. For each harmonic frequency, the algorithm computes sine and cosine components across the lookback window, then derives power as the sum of squared coefficients: for k = 1 to 8 cosSum = 0.0 sinSum = 0.0 for n = 0 to frequencyPeriod - 1 angle = 2 * math.pi * k * n / frequencyPeriod cosSum := cosSum + detrendedPrice * math.cos(angle) sinSum := sinSum + detrendedPrice * math.sin(angle) power = (cosSum * cosSum + sinSum * sinSum) / frequencyPeriod Power measurements are aggregated into three frequency bands: low frequencies (harmonics 1-2) capturing persistent cycles, mid frequencies (harmonics 3-4), and high frequencies (harmonics 5-8) representing noise. Each band's power normalizes against total spectral power to create percentage distributions: lowFreqNorm = totalPower > 0 ? (lowFreqPower / totalPower) * 100 : 33.33 highFreqNorm = totalPower > 0 ? (highFreqPower / totalPower) * 100 : 33.33 The normalized frequency components undergo exponential smoothing before calculating spectral balance as the difference between low and high frequency power: smoothLow = ta.ema(lowFreqNorm, smoothingPeriod) smoothHigh = ta.ema(highFreqNorm, smoothingPeriod) spectralBalance = smoothLow - smoothHigh Spectral balance combines with price momentum through directional multiplication, producing a composite signal that integrates frequency characteristics with price direction: momentum = ta.change(close , frequencyPeriod/2) compositeSignal = spectralBalance * math.sign(momentum) finalSignal = ta.ema(compositeSignal, smoothingPeriod) The final signal oscillates around zero, with positive values indicating low-frequency dominance coupled with upward momentum (trending up), and negative values indicating either high-frequency dominance (choppy market) or downward momentum (trending down). 🟢 How to Use This Indicator → Long/Short Signals:  the indicator generates long signals when the smoothed composite signal crosses above zero (indicating low-frequency directional strength dominates) and short signals when it crosses below zero (indicating bearish momentum persistence). → Upper and Lower Reference Lines:  the +25 and -25 reference lines serve as threshold markers for momentum strength. Readings beyond these levels indicate strong directional conviction, while oscillations between them suggest consolidation or weakening momentum. These references help traders distinguish between strong trending regimes and choppy transitional periods. → Preconfigured Presets:  three optimized configurations are available with Default (32, 3) offering balanced responsiveness, Fast Response (24, 2) designed for scalping and intraday trading, and Smooth Trend (40, 5) calibrated for swing trading and position trading with enhanced noise filtration. → Built-in Alerts:  the indicator includes three alert conditions for automated monitoring - Long Signal (momentum shifts bullish), Short Signal (momentum shifts bearish), and Signal Change (any directional transition). These alerts enable traders to receive real-time notifications without continuous chart monitoring. → Color Customization:  four visual themes (Classic green/red, Aqua blue/orange, Cosmic aqua/purple, Custom) allow chart customization for different display environments and personal preferences.
Indicador Pine Script®
por QuantAlgo
7
WeAxes MTF Scalper [LITE] WeAxes MTF Scalper Professional Multi-Timeframe Alignment Tool - LITE Version What This LITE Version Offers: 3-Timeframe Sync: Monitor 1min, 15min, and 1hr trends simultaneously Visual Alignment System: Color-coded candles for perfect setups Quick Setup Recognition: Instant HIGH/MEDIUM/LOW quality ratings Clean Data Display: Essential alignment information at a glance Perfect for Scalping: Green Candles: Perfect bullish alignment across all timeframes Red Candles: Perfect bearish alignment across all timeframes Setup Quality: Know immediately if conditions are favorable Multi-Timeframe Context: Never trade blind again How to Use: 1. HIGH Quality Setups (Green/Red candles): Highest probability trades 2. MEDIUM Quality: All trends aligned, good for trend following 3. LOW Quality: Mixed signals, better to wait for alignment PRO Version Includes: - Advanced volume profiling across all timeframes - Momentum strength calculations - Detailed market structure analysis - Smart Money Concepts integration - Complete volume analysis - And much more... This LITE version gives you a taste of professional multi-timeframe analysis. Contact for PRO version access with full features. Disclaimer: Use proper risk management. This tool assists analysis but doesn't guarantee profits.
Indicador Pine Script®
por WeAxes
Slope Rank ReversalThis tool is designed to solve the fundamental problem of "buying low and selling high" by providing objective entry/exit signals based on momentum extremes and inflection points. The System employs three core components: Trend Detection (PSAR): The Parabolic SAR is used as a filter to confirm that a trend reversal or transition is currently underway, isolating actionable trade setups. Dynamic Momentum Ranking: The indicator continuously measures the slope of the price action. This slope is then ranked against historical data to objectively identify when an asset is in an extreme state (overbought or oversold). Signal Generation (Inflection Points): Oversold/Buy: A 🟢 Green X is generated only when the slope ranking indicates the market is steeply negative (oversold), and the slope value begins to tick upwards (the inflection point), signaling potential mean reversion. Overbought/Sell: A 🔴 Red X is generated only when the slope ranking indicates the market is steeply positive (overbought), and the slope value begins to tick downwards, signaling momentum exhaustion. The core philosophy is simple: Enter only when the market is exhausted and has started to turn.
Indicador Pine Script®
por accutrades_net
O'Neil Market TimingBill O'Neil Market Timing Indicator - User Guide Overview This Pine Script indicator implements William O'Neil's market timing methodology, which assigns one of four distinct states to a market index (such as SPY or QQQ) to help traders identify optimal market conditions for investing. The indicator is designed to work exclusively on Daily timeframe charts. The Four Market States The indicator tracks the market through four distinct states, with specific transition rules between them: 1. Confirmed Uptrend (Green) - Meaning: The market is in a healthy uptrend with institutional support - Action: Favorable conditions for building positions in leading stocks - Can transition to: State 2 (Uptrend Under Pressure) 2. Uptrend Under Pressure (Yellow) - Meaning: The uptrend is showing signs of weakness with increasing distribution - Action: Be cautious, tighten stops, reduce position sizes - Can transition to: State 1 (Confirmed Uptrend) or State 3 (Downtrend) 3. Downtrend (Red) - Meaning: The market is in a confirmed downtrend - Action: Stay mostly in cash, avoid new purchases - Can transition to: State 4 (Rally Attempt) 4. Rally Attempt (Pink/Fuchsia) - Meaning: The market is attempting to bottom and reverse - Action: Watch for Follow-Through Day to confirm new uptrend - Can transition to: State 1 (Confirmed Uptrend) or State 3 (Downtrend) Key Concepts Distribution Day A distribution day occurs when: 1. The index closes down by more than the critical percentage (default 0.2%) 2. Volume is higher than the previous day's volume Distribution days indicate institutional selling and are marked with red triangles on the indicator. Follow-Through Day A follow-through day occurs during a Rally Attempt when: 1. The index closes up by more than the critical percentage (default 1.6%) 2. Volume is higher than the previous day's volume A Follow-Through Day confirms a new uptrend and triggers the transition from Rally Attempt to Confirmed Uptrend. State Transition Logic Valid Transitions The system only allows specific transitions: - 1 → 2: When distribution days reach the "pressure number" (default 5) within the lookback period (default 25 bars) - 2 → 1: When distribution days drop below the pressure number - 2 → 3: When distribution days reach "downtrend number" (default 7) AND price drops by "downtrend criterion" (default 6%) from the lookback high - 3 → 4: When the market doesn't make a new low for 3 consecutive days - 4 → 3: When a new low is made, undercutting the downtrend low - 4 → 1: When a Follow-Through Day occurs during the Rally Attempt Input Parameters Distribution Day Parameters - Distribution Day % Threshold (default 0.2%, range 0.1-2.0%) - Minimum percentage decline required to qualify as a distribution day. While 0.2% seems to be the canonical number I see in literature about this, I use a much higher threshold (at least 0.5%) Follow-Through Day Parameters - Follow-Through Day % Threshold (default 1.6%, range 1.0-2.0%) - Minimum percentage gain required to qualify as a follow-through day ### State Transition Parameters - Pressure Number (default 5, range 3-6) - Number of distribution days needed to transition from Confirmed Uptrend to Uptrend Under Pressure - Lookback Period (default 25 bars, range 20-30) - Number of days to count distribution days - Downtrend Number (default 7, range 4-10) - Number of distribution days needed (with price drop) to transition to Downtrend - Downtrend % Drop from High (default 6%, range 5-10%) - Percentage drop from lookback high required for downtrend confirmation Visual Settings - Color customization for each state - Table position selection (Top Left, Top Right, Bottom Left, Bottom Right) ## How to Use This Indicator ### Installation 1. Open TradingView and navigate to SPY or QQQ (or another major index) 2. **Important**: Switch to the Daily (1D) timeframe 3. Click on "Indicators" at the top of the chart 4. Click "Pine Editor" at the bottom of the screen 5. Copy and paste the Pine Script code 6. Click "Add to Chart" ### Interpretation **When the indicator shows:** - **Green (State 1)**: Market is healthy - consider adding quality positions - **Yellow (State 2)**: Exercise caution - tighten stops, be selective - **Red (State 3)**: Defensive mode - preserve capital, avoid new buys - **Pink (State 4)**: Watch closely - prepare for potential Follow-Through Day ### The Information Table The table displays: - **Current State**: The current market condition - **Distribution Days**: Number of distribution days in the lookback period - **Lookback Period**: Number of bars being analyzed - **Rally Attempt Day**: (Only in State 4) Days into the current rally attempt ### Visual Elements 1. **State Line**: A stepped line showing the current state (1-4) 2. **Red Triangles**: Mark each distribution day 3. **Horizontal Reference Lines**: Dotted lines marking each state level 4. **Color-Coded Display**: The state line changes color based on the current market condition ## Trading Strategy Guidelines ### In Confirmed Uptrend (State 1) - Build positions in stocks breaking out of proper bases - Use normal position sizing - Focus on stocks showing institutional accumulation - Hold winners as long as they act properly ### In Uptrend Under Pressure (State 2) - Take partial profits in extended positions - Tighten stop losses - Be more selective with new entries - Reduce overall exposure ### In Downtrend (State 3) - Move to cash or maintain very light exposure - Avoid new purchases - Focus on preservation of capital - Use the time for research and watchlist building ### In Rally Attempt (State 4) - Stay mostly in cash but prepare - Build a watchlist of strong stocks - On Day 4+ of the rally attempt, watch for Follow-Through Day - If FTD occurs, begin cautiously adding positions ## Best Practices 1. **Use with Major Indices**: This indicator works best with SPY, QQQ, or other broad market indices 2. **Daily Timeframe Only**: The indicator is designed for daily bars - do not use on intraday timeframes 3. **Combine with Stock Analysis**: Use the market state as a filter for individual stock decisions 4. **Respect the Signals**: When the market enters Downtrend, reduce exposure regardless of individual stock setups 5. **Monitor Distribution Days**: Pay attention when distribution days accumulate - it's a warning sign 6. **Wait for Follow-Through**: Don't jump back in too early during Rally Attempt - wait for confirmation ## Alert Conditions The indicator includes built-in alert conditions for: - State changes (entering any of the four states) - Distribution Day detection - Follow-Through Day detection during Rally Attempt To set up alerts: 1. Click the "Alert" button while the indicator is on your chart 2. Select "O'Neil Market Timing" 3. Choose your desired alert condition 4. Configure notification preferences ## Customization Tips ### For More Sensitive Detection - Lower the "Pressure Number" to 3-4 - Lower the "Distribution Day % Threshold" to 0.15% - Reduce the "Downtrend Number" to 5-6 ### For More Conservative Detection - Raise the "Pressure Number" to 6 - Raise the "Distribution Day % Threshold" to 0.3-0.5% - Increase the "Downtrend Number" to 8-9 ### For Different Market Conditions - **Bull Market**: Consider slightly higher thresholds - **Bear Market**: Consider slightly lower thresholds - **Volatile Market**: May need to increase percentage thresholds ## Limitations and Considerations 1. **Not a Crystal Ball**: The indicator identifies conditions but doesn't predict the future 2. **False Signals**: Follow-Through Days can fail - use proper risk management 3. **Whipsaws Possible**: In choppy markets, the indicator may switch states frequently 4. **Confirmation Lag**: By design, there's a lag as the system waits for confirmation 5. **Works Best with Price Action**: Combine with your analysis of individual stocks ## Historical Context This methodology is based on William J. O'Neil's decades of market research, documented in books like "How to Make Money in Stocks" and through Investor's Business Daily. O'Neil's research showed that: - Most major market tops are preceded by accumulation of distribution days - Most successful rallies begin with a Follow-Through Day on Day 4-7 of a rally attempt - Identifying market state helps prevent buying during unfavorable conditions ## Troubleshooting **Problem**: Indicator shows "Initializing" - **Solution**: Let the chart load at least 5 bars to establish the initial state **Problem**: No distribution day markers appear - **Solution**: Verify you're on daily timeframe and check if volume data is available **Problem**: Table not visible - **Solution**: Check the table position setting and ensure it's not off-screen **Problem**: State seems to change too frequently - **Solution**: Increase the lookback period or adjust threshold parameters ## Support and Further Learning For deeper understanding of this methodology: - Read "How to Make Money in Stocks" by William J. O'Neil - Study Investor's Business Daily's "Market Pulse" - Review historical market tops and bottoms to see the pattern - Practice identifying distribution days and follow-through days manually ## Version History **Version 1.0** (November 2025) - Initial implementation - Four-state system with proper transitions - Distribution day detection and marking - Follow-through day detection - Customizable parameters - Information table display - Alert conditions --- ## Quick Reference Card | State | Number | Color | Action | |-------|--------|-------|--------| | Confirmed Uptrend | 1 | Green | Buy quality setups | | Uptrend Under Pressure | 2 | Yellow | Tighten stops, be selective | | Downtrend | 3 | Red | Cash position, no new buys | | Rally Attempt | 4 | Pink | Watch for Follow-Through Day | **Distribution Day**: Down > 0.2% on higher volume (red triangle) **Follow-Through Day**: Up > 1.6% on higher volume during Rally Attempt (triggers State 4→1) --- *Remember: This indicator is a tool to help identify market conditions. It should be used as part of a comprehensive trading strategy that includes proper risk management, position sizing, and individual stock analysis.* Also, I created this with the help of an AI coding framework, and I didn't exhaustively test it. I don't actually use this for my own trading, so it's quite possible that it's materially wrong, and that following this will lead to poor investment decisions.. This is "copy left" software, so feel free to alter this to your own tastes, and claim authorship.
Indicador Pine Script®
por matthias
Lorentzian Length Adaptive Moving Average [LLAMA] Adaptation of "Machine Learning: Lorentzian Classification" by Gradient color by base on work by LLAMA: A regime-aware adaptive moving average that bends with the market. Start with a problem traders know: Traditional moving averages are either too slow (EMA200) or too fast (EMA9) Adaptive MAs exist, but they often hug price too tightly or smooth too much, failing to balance bias and tactics LLAMA uses a Lorentzian distance function to adapt its length dynamically. Instead of a fixed smoothing window, it stretches or contracts depending on market conditions. This distortion reduces lag while still providing a clear bias line. The indicator looks back at recent bars and measures how similar they are using a Lorentzian distance (a log‑scaled absolute difference). It keeps track of the “nearest neighbors” — bars that most resemble the current regime. Each neighbor carries a label (long, short, neutral) based on simple price comparisons. By averaging these labels, LLAMA predicts whether the market is leaning bullish or bearish. That prediction is then mapped into a dynamic length between and . Bullish bias -> length stretches toward max (smoother, more stable). Bearish bias -> length contracts toward min (snappier, more reactive). During breakouts, LLAMA tightens and comes into contact with bars, giving actionable signals. During chop, it stretches to avoid false triggers. It covers both ends of the spectrum (bias and tactics) in one line, something static MA's can't do. Think of LLAMA as a lens that bends with the market: Wide lens (max length) for big picture bias. Narrow lens (min length) for tactical precision. The "Lorentzian Loop" is the math that decides when to widen or narrow.
Indicador Pine Script®
por Starcruiser