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Breadth Indicators

Volume Spike HighlighterVolume Spike Highlighter is a simple and effective volume-based tool designed to highlight abnormal trading activity. It detects when the current volume exceeds the average volume by a customizable multiplier and visually emphasizes those bars with bright colors, making unusual buying or selling pressure easy to spot. Features: Highlights volume spikes with enhanced green/orange color Normal volume remains standard red/green Adjustable lookback period and spike multiplier Includes a smooth volume moving average for context Clean and lightweight, ideal for intraday or swing traders This indicator helps traders quickly identify strong participation, breakouts, absorption zones, trap candles, and areas where institutions may be active.
อินดิเคเตอร์ Pine Script®
โดย YUHUNGTsai
Neon Waves Oscillator [NinjADeviL]Neon Waves Oscillator The Neon Waves Oscillator is inspired by modern neon-style visual design and displays four smooth waves representing normalized price movement using ATR. The waves highlight changes in momentum, volatility, and market rhythm in a clean, sharp, and visually appealing way, enhanced by a soft glow effect that adds depth and clarity. Key Features: 🌈 Four smooth neon-colored waves ⚡ ATR-based normalization for consistent behavior across all assets 🎨 Dynamic glow background for a rich visual appearance 🔎 Helps identify momentum shifts, volatility cycles, and trend transitions 🧠 EMA-based smoothing for stability and high accuracy Ideal for traders focused on Price Action, Momentum, or anyone who prefers a clean, intuitive, and modern visual oscillator. Developed by NinjADeviL.
อินดิเคเตอร์ Pine Script®
โดย NinjaDeviL
价格行为交易逻辑指标 (专业双模式版 v7.5)Trend-Following Mode: This mode uses a EMA as a dynamic filter to identify the primary trend. It then generates high-probability signals (2B, Engulfing) that align with that trend. It also identifies powerful RSI Divergence signals for potential counter-trend reversals, which can be enabled by the user. Mean-Reversion Mode (Ranging Markets): Specifically designed for choppy or sideways markets. This mode ignores the EMA and utilizes Bollinger Bands® to identify overbought and oversold levels. It generates reversal signals when price action patterns form near the upper or lower bands, aiming to capture profits as the price returns to the mean (the middle band). 2. Core Signal Engine (100% Non-Repainting) The indicator automatically identifies three classic, high-probability price action patterns. Signals are only confirmed and plotted after the candle closes, ensuring they never repaint. 2B Reversal / Fake Breakout: Identifies failed attempts to break previous swing highs or lows—a powerful reversal signal. RSI Divergence: Detects discrepancies between price action and momentum (RSI), signaling that the current trend is weakening. Engulfing Patterns: Pinpoints strong bullish or bearish engulfing candles at key swing points. 3. Fully Integrated Risk Management For every signal, the indicator provides a complete trading plan: Automatic TP/SL Levels: Displays clear Take Profit (TP) and Stop Loss (SL) lines on the chart. The SL can be set to the signal candle's high/low or use a dynamic ATR-based value to adapt to market volatility. Dynamic Risk Management Table: An on-screen table instantly updates with every new signal, showing: Trade Direction (LONG/SHORT) Entry, Stop Loss, and TP Prices Risk/Reward Ratio for the first target (TP1) Return on Equity (ROE %) for both TP1 and TP2, calculated based on your custom leverage setting. 4. Live Performance Statistics Table An on-screen panel tracks the indicator's performance in real-time based on TP1 being hit, helping you gauge its effectiveness on any asset or timeframe. Daily & Weekly Win Rate: Tracks the win/loss record for the current day and week. PnL (Profit and Loss) in USDT: Calculates the cumulative profit or loss in USDT based on your user-defined margin per trade and leverage, giving you a clear view of the strategy's financial performance. 5. Full Customization & Alerts Easily toggle any signal type on or off. Adjust all parameters (MA, Pivots, RSI, Bollinger Bands, ATR). Set up TradingView alerts for any long or short signal so you never miss an opportunity.
อินดิเคเตอร์ Pine Script®
โดย gs208899
[AutoZone_mrkim]Title: AutoZone_mrkim — Multi-Timeframe Order Block Auto Zone Description: This indicator automatically identifies and draws Order Block zones for every timeframe. It helps traders visualize potential supply and demand areas more clearly and react faster to market structure changes. Main Features: Automatically detects bullish and bearish Order Block zones Multi-timeframe zone generation (supports all chart timeframes) Auto-color change when a zone is broken Clean visualization for trend continuation and reversal setups Useful for scalpers, intraday traders, and swing traders Adjustable display options for zone size and transparency How to Use: Use the newest zone for short-term intraday signals Confirm zone strength using structure breaks Combine with trend analysis for higher accuracy Disclaimer: This indicator is a tool to assist decision making, not a guaranteed trading system. Use responsibly.
อินดิเคเตอร์ Pine Script®
โดย Mrkim_Officiall
Volume Climax Reversal (VCR) — Catch Exhaustion Tops & BottomsNew! VCR spots exhaustion spikes at highs/lows using volume extremes + price action + VWAP context. If you trade parabolic runners, indices, or mean-reversion edges, VCR helps you time the backside (shorts) and fade capitulation (longs) with clean, rule-based signals. What it does Detects volume climax: current volume > SMA(len) × multiplier and a new volume high in the lookback. Confirms price context: makes a higher high (for tops) or lower low (for bottoms). Filters with VWAP (optional): bearish signals only below VWAP, bullish signals only above VWAP. Optional wick filter: requires an exhaustion wick > body to reduce chop. Why traders like it Clear entries: “VCR↓” (bearish) at exhaustion tops, “VCR↑” (bullish) at washout lows. Fewer false signals: VWAP gating + wick filter focus on true climaxes. Built-in alerts: set once, get notified on your phone/desktop when a setup appears. How I trade it (simple playbook) Bearish reversal (short / puts) Wait for VCR↓ (exhaustion at/near HH). Look for a lower high that fails to reclaim the signal candle high. Enter on the break of that lower-high candle low. Stop above the signal wick high. Covers/targets: VWAP first; then 20–30% fade from the local top / prior demand. Bullish reversal (long / calls) Wait for VCR↑ (capitulation at/near LL). Look for a higher low that holds above the signal candle low. Enter on the break of the HL candle high. Stop below the signal wick low. Targets: VWAP first; then prior supply/MA bands. Tip for small-cap/“Dux” style: VCR pairs perfectly with a gap + high USD-rotation scan. Let them blow off, then use VCR for the timing. Inputs (tune to your market) Volume SMA Length (default 20) Volume Spike Multiplier (default 2.0) Lookback High / Low (default 10 / 10) Require VWAP confirmation? (on) Use wick filter? (on) Works on stocks, indices, futures, crypto. Timeframes: 1–15m for day trading; 1h–4h–D for swing. Alerts Set one (or both) alerts and forget it: Bearish Volume Climax — VCR↓ Bullish Volume Climax — VCR↑ You’ll get instant notifications when a qualified top/bottom prints. Best practices Don’t countertrend the first front-side ramp—wait for the VCR and a lower-high/higher-low. Respect VWAP: it’s your first profit-taking and a bias filter. Size small into volatility; widen stops in fast markets. Combine with your watchlist filters (gap %, float/O/S, USD rotation, session timing). What’s included Clean visual signals (triangles + subtle background shading) Session-anchored VWAP Alert conditions that appear in TradingView’s alert menu Sensible defaults + clear docs (this post) FAQ Q: Does it repaint? No. VCR uses completed-bar data; signals print end-of-bar. Q: Which markets? Anything with volume: US equities, futures, crypto, indices. Q: Can I use it for scalps? Yes—1–5m with wick filter on and VWAP required works well. Get more / upgrades I’m iterating fast (MTF filter, heatmap panel, combined “one-alert” mode). Want the pro template with dashboard & combined alerts? Message me on TV or DM / email you@domain.com . Risk Notice This is educational research, not financial advice. Markets carry risk—always manage position size and use stops. If this helped you, smash the 👍 and ⭐ — it really helps! #volume #vwap #reversal #exhaustion #trendreversal #smallcaps #scalping #daytrading #swingtrading #stocks #futures #crypto #indicator
อินดิเคเตอร์ Pine Script®
โดย Rendon1
VWAP + Volume Spikes See Where Smart Money ExhaustsVolume tells the truth. VWAP tells the bias. This script shows both — live. If you trade intraday momentum, reversals, or liquidity sweeps, this indicator is built for you. It shows where volume spikes hit extreme levels, anchored around VWAP and its dynamic bands, so you can instantly spot capitulation or hidden absorption. 🎯 What This Indicator Does ✅ Plots VWAP — session-anchored, updates automatically ✅ Adds dynamic VWAP bands — standard deviation envelopes showing volatility context ✅ Highlights volume spikes — colored candles + background for abnormal prints ✅ Includes alerts — “Volume Spike”, “VWAP Cross”, or a combined alert with direction ✅ Clean visual design — instantly readable in fast markets It’s your visual orderflow radar — whether you’re trading gold, indices, or small caps. 🔍 Why It Works Institutions build and unwind positions around VWAP. Retail often chases volume… this script shows you when that volume becomes too extreme. A spike above VWAP near resistance? → Likely distribution. A spike below VWAP near support? → Likely capitulation. Combine volume exhaustion + VWAP context, and you’ll see market turning points form before most indicators react. ⚙️ Inputs You Can Tune Bands lookback: adjusts how reactive the VWAP bands are Band width (σ): set how tight or wide your deviation envelope is Volume baseline length: controls how “abnormal” a spike must be Spike threshold: multiplier vs. average volume Toggle color-coding, bands, and labels Default settings work well across 1m–15m intraday charts and 1h–4h swing frames. 💡 How Traders Use It 1️⃣ Fade Parabolics: When a green spike candle pierces upper VWAP band on high volume → smart money unloading. Look for rejection and short into VWAP. 2️⃣ Catch Capitulations: When a red spike candle dumps below lower VWAP band → panic selling. Watch for stabilization and long back to VWAP. 3️⃣ VWAP Rotation Plays: Alerts for price crossing VWAP help you spot shift in intraday control. Above VWAP = buyers in charge. Below VWAP = sellers in charge. 🧠 Best Practices Pair it with Volume Profile or Delta/Flow tools to confirm exhaustion. Don’t chase — wait for spike confirmation + reversal candle. Use it on liquid tickers (NASDAQ, SPY, GOLD, BTC, etc.). Great for Dux-style small-cap shorts or index pullbacks. 🔔 Alerts Ready Choose from: Volume Spike (single-bar explosion) VWAP Cross Up/Down (trend shift confirmation) One Combined Alert (any signal, includes ticker, price, and volume) Set once — get real-time push notifications, Telegram, or webhook signals. 📊 My Favorite Setups US100 / NASDAQ: fade rallies above VWAP + spike Gold / Silver: trade reversals from VWAP bands Small caps: short back-side after volume climax ES, DAX, Oil: scalp VWAP rotation with confluence ❤️ Support This Work I release free and premium scripts weekly — combining smart money concepts, VWAP tools, and volume analytics. 👉 Follow me on TradingView for more indicators and setups. 👉 Comment “🔥” if you want me to post the multi-timeframe VWAP + Volume Pressure version next. 👉 Share this with your team — it helps the community grow.
อินดิเคเตอร์ Pine Script®
โดย Rendon1
3TF Supertrend Resonance— 4H/1H/15m+ 3TP/SLMTF Supertrend — 4H / 1H / 15m Confluence + Dynamic TP/SL + Adaptive Trend/Range Filters This script is a multi-timeframe Supertrend confluence system designed for traders who operate on lower timeframes (15m / 1m) but want higher-timeframe structure, trend confirmation, and dynamic TP/SL projections. It combines 4H + 1H + 15m Supertrend, trend alignment detection, range filtering, and auto-projected risk-based targets, providing a complete directional framework for both scalping and intraday swing entries. 👉1. Multi-Timeframe Supertrend Framework (4H / 1H / 15m) The script calculates Supertrend levels and direction on three major timeframes: -4H Supertrend -1H Supertrend -15m Supertrend Users can choose between: -Confirmed HTF values (no repaint) -Live HTF values (more sensitive but may repaint) Each Supertrend level is plotted on the current chart as a horizontal line, extended far to the left and slightly to the right, with optional lightweight labels showing direction and price. These levels function as HTF dynamic support/resistance during intraday trading. 👉2. Confluence Detection (4H = 1H = 15m) A trend confluence occurs when: -4H direction = 1H direction = 15m direction When the three timeframes align: A full-height vertical line marks the first candle of confluence (color-coded bullish/bearish). An alert is triggered: “Triple-TF Trend Confluence — First Candle” This identifies the earliest moment when the market shifts into unified directional behavior. 👉3. Trend Background Coloring (15m + 1m) When confluence is active: -Bullish confluence → Green background -Bearish confluence → Red background Background visualization is applied on: -15m timeframe (main directional chart) -1m timeframe (scalping entries with HTF alignment) This ensures lower-timeframe decisions always stay aligned with higher-timeframe direction. 👉4. Weak-Trend / Range Detection (Only on 15m) Even if all three timeframes are aligned, momentum may be weak. Range/weak-trend detection activates when: -Confluence = true -AND (ADX < threshold OR Choppiness > threshold) On 15m charts: A grey overlay appears, covering green/red confluence colors. First candle entering range shows a vertical grey mark (optional). Alert: “Confluence but Weak Momentum — First Candle” This identifies moments where the market is aligned but lacking trend strength — a “trend that doesn’t move.” 👉5. Dynamic TP/SL Projection (1.5R / 3R / 4.5R) Using the current timeframe’s Supertrend as a structural stop-loss: SL = current Supertrend line Risk = | Close - SL | The script auto-calculates: TP1 = 1.5 × risk TP2 = 3.0 × risk TP3 = 4.5 × risk All projected upward for bullish trends and downward for bearish trends. Displayed visually: Dotted short-range lines for SL, TP1, TP2, TP3 Lightweight left-side labels showing: SL price + distance Individual TP prices This provides an immediate R-multiple framework for trade planning. 👉6. 15m Supertrend Flip Indicator (Minimalistic) When the 15m Supertrend changes direction: A tiny circle marker is plotted: -Bullish flip → below the bar, green -Bearish flip → above the bar, red Alerts: “15m ST Flip Up (Bear → Bull)” “15m ST Flip Down (Bull → Bear)” This highlights early shifts in short-term structure before confluence or major trend changes occur. 👉7. Alerts Included The script provides alerts for: -Triple-TF Trend Confluence — First Candle -Weak Trend / Range Start -15m Supertrend Flip Up -15m Supertrend Flip Down These are practical for automated notifications when key structural conditions appear. Summary This script provides: ✅ Higher-Timeframe Context 4H, 1H, and 15m Supertrend levels + direction. ✅ Directional Certainty Triple-timeframe confluence with visual + alert confirmation. ✅ Smart Background Guidance Color-coded trend zones for 15m & 1m. ✅ Range / Weak Trend Filtering Avoid false trends using ADX + Choppiness. ✅ Actionable TP/SL Framework Auto-projected 1.5R / 3R / 4.5R + SL lines based on Supertrend structure. ✅ Precise Intraday Signals 15m Supertrend flips marked with minimalistic dots.
อินดิเคเตอร์ Pine Script®
โดย zhaowenyan891211
7
ECG PRICE - mauricioofsousa📉 ECG PRICE – The Price Electrocardiogram (explained for traders, scientists, and complete beginners) 🔍 1. WHAT IS THE ECG PRICE? The ECG PRICE protocol is a market-reading system based on the RSI, but with a surgical twist: 👉 You don’t just calculate RSI from price. 👉 You adjust the price using the RSI, and then calculate RSI over this adjusted price. This creates a filtered, amplified signal that behaves like a heart monitor for price, detecting micro-impulses and subtle market movements long before they show up in the standard RSI. 🧬 2. CORE IDEA Just like a real ECG amplifies and reveals electrical rhythms hidden inside the heartbeat, the ECG PRICE amplifies micro-deformations hidden inside the price’s momentum. It works in three stages: Compute the regular RSI Use the RSI to adjust the price (creating an electrocardiographic price) Compute a second RSI over this modified price The result is a meta-derived oscillator—more sensitive, more precise, and better at detecting structural changes. 🧩 3. TECHNICAL BREAKDOWN 3.1. First RSI (classic) The script calculates: average gains average losses relative strength (RS) and then the standard 0–100 RSI This is the “normal heart rate monitor” everyone uses. 3.2. Creating the “Adjusted Price” adjustedPrice = close * (rsi / 100) This means: ➡️ When RSI is high (strong buying momentum), price is amplified. ➡️ When RSI is low (strong selling momentum), price is compressed. This converts raw price into a bio-electrical signal, where the price itself is modulated by its own internal momentum. It’s the financial equivalent of ECG gain adjustment. 3.3. RSI of the Adjusted Price Now the script calculates a new RSI from this modified price. That is the actual ECG PRICE. This second-order oscillator becomes extremely sensitive to: micro-momentum shifts early trend fading volatility shocks micro-divergences institutional pressure waves It reads the electrical pattern behind the price rather than the superficial movement. 🟩🟥 4. Diagnostic Lines of the Protocol 35 (green dotted) Pre-oversold fatigue zone. 65 (red dotted) Pre-overbought exhaustion zone. 30 (white solid) Classic oversold. 70 (white solid) Classic overbought. Together they create two diagnostic corridors: 1. Medical corridor (30–70): Standard RSI clinical range. 2. Electrical corridor (35–65): The ECG-sensitive zone where micro-shifts appear first. 🧠 5. In Engineering Language (MGO style) The ECG PRICE is essentially: A nonlinear second-order oscillator where the RSI feeds back into price, creating a recursive momentum-modulated signal. It functions like a: bioinformational modulator feedback-driven wave processor impulse amplifier micro-PID sensitivity enhancer Very similar to the informational-wave transformations inside the MGO pipeline. 👨‍⚕️📉 6. Explained for a Total Beginner Imagine the price is a heart. The normal RSI shows if the heart is beating fast or slow. But the ECG PRICE takes that heartbeat… feeds it back into the heart… and then measures the new heartbeat. This creates a much more sensitive exam that detects problems before the normal test would. 💡 7. What It Gives You in Practice earlier reversal signals better trend-fatigue detection clearer micro-divergences a clean RSI with reduced noise a smoother momentum curve advanced behavioral readings before breakouts It’s an upgrade. A second-layer RSI that “hears” the inner electrical impulses of price.
อินดิเคเตอร์ Pine Script®
โดย mauricio_of_sousa
Liquidity Void Detector + Pro SignalsWhat This Indicator Does This indicator detects “liquidity voids”—large displacement candles with very high body-to-wick ratios and size significantly above recent ATR—where price moved rapidly and left untested areas. It automatically draws shaded boxes for new, non-overlapping voids, shows a moveable dashboard (void fill probabilities), and provides one clean, actionable long/short signal per void when price action and momentum confirm. How It Works Void Detection: Candles with a body/wick ratio and size above user threshold trigger a potential liquidity void. Box Drawing: Each new void is drawn as a shaded box (yellow/orange) that never overlaps other active voids. Signal Confirmation: A “LONG” or “SHORT” label appears at the first bar within each valid void if momentum and candlestick structure align. Dashboard: User-selectable dashboard shows up-to-date stats on remaining unfilled, partially filled, and fully filled voids. Alerts: Built-in alerts fire when a new high-probability long/short signal is detected (user must add alerts manually). Key Features No overlap, no clutter: Only the latest set of boxes and a single signal per event are drawn. Oldest boxes are pruned automatically. Momentum filter: Signals combine void and trend strength for higher conviction, filtering out weak/fake moves. Non-repainting: Signals, boxes, and logic only use confirmed bar data—no repaint or future leaks. Adjustable settings: Every threshold (body/wick ratio, ATR size, maximum boxes, dashboard location, signal label size) is user-configurable. Efficient for all timeframes and asset classes. How to Use Add to your chart: Click "Add to Chart" or search “Liquidity Void Detector” in the indicator search panel. Tune your inputs: Adjust the Body/Wick Ratio and Min Size vs ATR for your market or timeframe. Set the Void Box Length (how many bars the box displays), signal sensitivity, and maximum concurrent voids. Move the dashboard as needed for your chart layout. What to look for: Yellow/orange boxes highlight recent liquidity voids—untested price gaps where future reactions may occur. LONG/SHORT signals appear only where a fresh void coincides with confirmed momentum in that direction. Dashboard tracks probability of voids remaining unfilled, being partially filled, or fully refilled by price. Trading logic and best use: Traders may use void boxes to anticipate where price might react, reverse, or trend continuation can resume. Combine signals with additional price action confirmation such as S/R levels, order blocks, wick rejections, volume spikes, or patterns (e.g., pin bars, engulfing). Use signal alerts in conjunction with order flow, session profile, or support/resistance tools for increased confluence. Always backtest and demo trade before live use. Important Compliance & Disclaimer No advice: This tool provides visual context only. All trading and risk decisions are the user’s responsibility. No repainting, original source: The code is fully open-source, uses only native Pine Script, and never repaints. No spam, no links, no 3rd-party promotion: 100% TradingView House Rules compliant. If you find this useful, please consider leaving a positive review, and remember to always confirm with your own analysis.
อินดิเคเตอร์ Pine Script®
โดย darshakssc
PLANBXPRESS ENTRYThe Combined Signal + Auto Day Plan + Volume indicator merges multiple professional trading concepts into one visual tool — helping traders identify momentum shifts, entry zones, and daily trading plans with volume confirmation. It automatically detects trend direction, generates dynamic take-profit & stop-loss levels, and overlays key daily reference points such as VWAP, pivot, support, and resistance zones based on ATR and trend context. ⚙️ Main Components 1️⃣ Signal System Detects trend bias using SMA-based logic. Generates entry price, TP1–TP3, and SL dynamically from recent impulse ranges. Updates signals automatically when trend bias changes or previous targets are hit. Visual levels are drawn directly on the chart. 2️⃣ Volume Analysis Compares current volume against a moving average (SMA). Classifies volume as: 🟢 Strong (above 1.5× average) 🟡 Average 🔴 Weak (below 0.8× average) Displays the current volume strength and trend bias in an on-chart table. 3️⃣ Auto Day Plan Uses multi-timeframe ATR calculations to define: Support / Resistance zones Pivot & Balance areas Daily VWAP Auto Targets (ATR-based expansion levels) Adapts automatically to selected base timeframe (1H, 4H, or Daily). 4️⃣ Trend Context Dual EMA system (50 & 200) to confirm bullish/bearish structure. Aligns expected direction with VWAP & pivot location for context-aware bias. 🎯 What You Get on Chart 📈 Automatic LONG/SHORT signals 🎯 TP1, TP2, TP3, and SL levels 📊 Volume strength meter 🧭 VWAP, pivot, support/resistance & balance zones 🎨 Clean visual layout for intraday and swing traders 🧩 Inputs Parameter Description lenImpulse Impulse range length smaLen SMA length for trend bias levelRatio SL/TP ratio multiplier volLen Volume SMA length baseTF Base timeframe for zones/VWAP atrMult1 / atrMult2 ATR multipliers for target levels fwdBars Extension range for future projection 💡 How to Use Add the script to your chart and choose your preferred timeframe. Observe signal direction (📈 LONG / 📉 SHORT) and TP/SL levels. Confirm entries when: Trend aligns with VWAP direction, and Volume category shows Strong or Average. Use Auto Day Plan levels (pivot, balance, VWAP) as intraday reaction zones.
อินดิเคเตอร์ Pine Script®
โดย planbxpress
2
RSI (Custom Background) KDMThis code is a custom version of the RSI (Relative Strength Index) indicator. Its main purpose is to compare recent price gains and losses to determine whether the market is in an overbought or oversold condition. 30–50 zone (purple tone): represents a weak or pullback area. 50–70 zone (green tone): represents a strengthening or dominant buying area. Additionally, when the RSI line moves above 70, a green gradient background highlights the overbought region; when it moves below 30, a red gradient background emphasizes the oversold region. Like the classic RSI, this version is a momentum indicator showing whether the price is losing or gaining strength. The key difference is the colored background, which allows you to visually identify the RSI zones (e.g., 30–50 weak, 50–70 strong) much faster and more clearly.
อินดิเคเตอร์ Pine Script®
โดย daimimuslu
Distance from EMA (@orel_kakoon)Description (English): This indicator measures the relative distance between the current price and the 21-period Exponential Moving Average (EMA). It helps traders visualize when the price is extended above or below its short-term trend, identify potential overbought or oversold conditions, and spot mean-reversion opportunities. Use it to track momentum shifts and confirm entries or exits based on how far the price deviates from its EMA baseline.
อินดิเคเตอร์ Pine Script®
โดย Financeguru_il
volume cryptosmart v2Visual Components: The 3 Layers of Information To understand the indicator, you must see it as three layers of information superimposed on a single panel. Layer 1: The Background Color (The "Tide" or Market Regime) The background color of the entire panel tells you the general market condition, using an ADX/DMI filter: Green Background: ADX is above 23 (there is a trend) and DI+ is above DI-. Regime: Bullish Trend. Red Background: ADX is above 23 (there is a trend) and DI- is above DI+. Regime: Bearish Trend. Black Background: ADX is below 23. Regime: Range or Consolidation. Layer 2: The Threshold Lines (The Filters) There are two key horizontal lines that act as filters: "Dead Zone" Line (Dotted Blue): This is your noise filter line. It is based on the ATR. Any momentum impulse that is weaker (lower) than this line is considered irrelevant noise. "Explosion" Line (Brown): This line is based on Bollinger Bands. It measures "normal" volatility. When a histogram impulse breaks above this line, it means the acceleration is statistically large and could be a range breakout. Layer 3: The Histogram (The "Wave" or Acceleration) The histogram bars (trendUp and trendDown) do not measure price or volume. They measure the acceleration of momentum (specifically, the difference between today's MACD and yesterday's MACD, multiplied by sensitivity). The Brain: The Histogram's Color Logic This is where the true intelligence of your indicator lies. The color of each histogram bar is decided by following a series of 4 strict rules, designed to show only high-quality signals. Rule 1: GRAY (Dead Zone) If the impulse (trendUp or trendDown) is weaker than the "Dead Zone" line... Then it is painted GRAY. Meaning: The momentum is too weak to be considered. It is noise. Rule 2: GREEN / RED (Trend Impulse) If the impulse exceeds the Dead Zone (Gray)... AND the panel background is Green (bullish trend) or Red (bearish trend)... Then the histogram is painted GREEN (for trendUp) or RED (for trendDown). Meaning: It is a valid momentum impulse that is in favor of the main trend. These are trend continuation signals. Rule 3: BLUE (Range Breakout) If the impulse exceeds the Dead Zone (Gray)... AND the panel background is Black (range-bound market)... BUT the impulse is so strong that it breaks above the "Explosion Line" (Brown)... Then the histogram is painted BLUE. Meaning: This is a range breakout signal. The price is exploding from a consolidation. Rule 4: WHITE ("Chop" or Noise) If the impulse exceeds the Dead Zone (Gray)... BUT it does not meet the requirements of Rule 2 (no trend) or Rule 3 (not a breakout)... Then it is painted WHITE. Meaning: It is a momentum impulse without a clear trend and without the strength of a breakout. It is usually "noise" or market chop and should be ignored. The Final Confirmation: The Volume Filter In addition to the 4 rules above, you have added a final layer of conviction: If a signal is Green, Red, or Blue (Rules 2 or 3) and occurs with high volume (volume > 20-period MA)... ...it is painted with an intense and transparent color (High Conviction). If it occurs with low volume... ...it is painted with a light and opaque color (Low Conviction). How to Use: Signal Summary Background Color Histogram Color Shade Meaning Green Green Intense (High Vol) Strong Buy Signal (Bullish impulse with trend and volume) Red Red Intense (High Vol) Strong Sell Signal (Bearish impulse with trend and volume) Black Blue Intense (High Vol) Breakout Signal (The range is breaking with force) Any White or Gray - Ignore. Noise, chop, or "dead zone". Green/Red Green/Red Light (Low Vol) Trend signal, but with low conviction. Proceed with caution.
อินดิเคเตอร์ Pine Script®
โดย edwardflores194
Market Breadth - [JTCAPITAL]Market Breadth - is a comprehensive crypto market strength and sentiment indicator designed to visualize the overall bullish or bearish alignment across 40 major cryptocurrencies. By combining multi-asset Exponential Moving Average (EMA) comparisons and smoothing techniques, it offers a clean, aggregated view of the broader market trend—helping traders quickly assess whether the market is dominated by bullish momentum or bearish pressure. The indicator works by calculating in the following steps: Symbol Selection and Data Retrieval The script monitors 40 leading cryptocurrencies based on Market Cap. Each asset’s daily close price is requested using a 1D timeframe. This ensures that every data point reflects the same temporal resolution, allowing the indicator to evaluate global crypto strength rather than individual token volatility. EMA Comparison per Asset For each asset, two Exponential Moving Averages (EMAs) are calculated: A short-term EMA with period emalength (default 10). A long-term EMA with period emalength2 (default 20). Each coin receives a score of +1 when the short-term EMA is greater than the long-term EMA (indicating bullish structure), or -1 when it is below (indicating bearish structure). This binary scoring system effectively converts individual price action into a directional sentiment measure. Market Breadth Aggregation All 40 individual scores are summed into a single composite value called scores . If many assets have bullish EMA alignment, the total score becomes strongly positive. If the majority show bearish alignment, the total score turns negative. This step transforms scattered price data into one unified market breadth metric—quantifying how many assets participate in the same directional trend. Smoothing the Breadth Line To reduce short-term noise and isolate trend direction, the aggregated score is smoothed using an EMA of length = smoothlen (default 15). The resulting smoothed line helps identify sustained shifts in collective sentiment rather than temporary fluctuations. Visualization and Color Coding When scores > 0 , the market breadth is bullish and the histogram is colored blue. When scores < 0 , the breadth turns bearish and the histogram is purple. The same logic applies to the smoothed line and background color, offering an instant visual cue of market mood transitions. Buy and Sell Conditions: The indicator itself does not trigger direct buy/sell signals but rather acts as a market regime filter . Traders can use it as follows: Buy Filter: When the smoothed value is above zero and rising, the majority of assets confirm an uptrend — this favors long setups or trend continuation entries. Sell Filter: When the smoothed value is below zero and falling, bearish alignment dominates — ideal for short setups or defensive risk management. Optional filters could include combining this with RSI or volume-weighted momentum indicators to confirm breadth-based reversals. Features and Parameters: emalength – Defines the short-term EMA length used for individual asset trend detection (default 10). emalength2 – Defines the long-term EMA length (default 20). smoothlen – Defines the smoothing EMA length for the total market breadth line (default 15). 40 asset inputs – User-editable symbols allow full customization of which cryptos are tracked. Dynamic color backgrounds – Visual distinction between bullish and bearish phases. Specifications: Exponential Moving Average (EMA) EMA is a type of moving average that places more weight on recent price data, responding faster to market changes compared to SMA. By comparing a short-term and long-term EMA, the indicator captures momentum shifts across each asset individually. The crossover logic (EMA10 > EMA20) signals bullish conditions, while the opposite indicates bearish momentum. Market Breadth Market Breadth quantifies how many assets are participating in a directional move. Instead of tracking a single coin’s trend, breadth analysis measures collective sentiment. When most coins’ short-term EMAs are above long-term EMAs, the market shows healthy bullish breadth. Conversely, when most are below, weakness dominates. Smoothing (EMA on Scores) After summing the breadth score, the result is smoothed with an additional EMA to mitigate the inherent volatility caused by individual coin reversals. This second-level smoothing transforms raw fluctuations into a readable, trend-consistent curve. Color Visualization Visual cues are integral for intuitive interpretation. Blue Shades: Indicate bullish alignment and collective upward momentum. Purple Shades: Indicate bearish conditions and potential risk-off phases. The background tint reinforces visual clarity even when the indicator is overlaid on price charts. Background Logic By applying the same color logic to the chart’s background, users can instantly recognize the prevailing market phase. Use Cases As a trend confirmation filter for other indicators (e.g., trade only in the direction of positive breadth). As a divergence tool : when price rises but breadth weakens, it may signal a topping market. As a macro sentiment monitor : perfect for assessing when the crypto market as a whole transitions from bearish to bullish structure. Summary “ Market Breadth - ” transforms the chaotic price movements of 40 cryptocurrencies into a single, powerful visual representation of overall market health. By merging EMA cross analysis with market-wide aggregation and smoothing , it provides traders with a deep understanding of when bullish or bearish forces dominate the ecosystem. It’s a clean, data-driven approach to identifying shifts in crypto market sentiment — a perfect companion for trend-following, macro analysis, and timing portfolio exposure. Enjoy!
อินดิเคเตอร์ Pine Script®
โดย JTCapitalNL