Order Blocks Higher TimeFrameThis indicator shows order blocks which has FVG on all timeframe with full accuracy.
วัฏจักร
VEP - Volume Explosion Predictor💥 VEP - Volume Explosion Predictor
General Overview
The Volume Explosion Predictor (VEP) is an advanced indicator that analyzes volume peaks to predict when the next volume explosion might occur. Using statistical analysis on historical patterns, it provides accurate probabilities on moments of greater trading activity.
MAIN FEATURES
🎯 Intelligent volume peak detection
Automatically identifies significant volume peaks
Anti-consecutive filter to avoid redundant signals
Customizable threshold for detection sensitivity
📊 Advanced statistical analysis
Calculates the average distance between volume peaks
Monitors the number of sessions without peaks
Tracks the maximum historical range without activity
🔮 Predictive system
Dynamic probability: Calculates the probability of an imminent peak
Visual indicators: Background colors that change based on probability
Time forecasts: Estimates remaining sessions to the next peak
📈 Visual signals
Colored arrows: Green for bullish peaks, red for bearish peaks
Statistics table: Complete real-time overview
ALERT SYSTEM
🚨 Three Alert Levels
New Valid Volume Peak: New peak detected
Approaching Prediction: Increasing probability
High Peak Probability: High probability of explosion
HOW TO USE IT
📋 Recommended setup
Timeframe : Works on all timeframes but daily, weekly or monthly timeframe usage is recommended. In any case, it should always be used consistently with your time horizon
Markets : Stocks, crypto, forex, commodities
Threshold for volume peak realization : It's recommended to start with 2.0x (i.e., twice the volume average) for normal markets, 1.5x for more volatile markets. This parameter can be set in the settings as desired
🎨 Visual interpretation
Green Arrows : Peak during bullish candle
Red Arrows : Peak during bearish candle
Red Background : High probability (>90%) of new peak
Yellow Background : Medium probability (50-70%)
📊 STATISTICS TABLE
The table shows:
Total peaks analyzed
Average distance between peaks
Current sessions without peaks
Forecast remaining sessions
Percentage probability
Volume threshold needed for peak realization
STRATEGIC ADVANTAGES
🎯 For Day Traders
Anticipates moments of greater volatility for analysis, supporting the evaluation of trading setups and providing context on low volume periods
📈 For Swing Traders
Identifies high-probability volume patterns, supporting breakout analysis with volume and improving understanding of market timing
🔍 For Technical Analysts
Understands the stock's volume patterns.
Helps evaluate the historical market interest and supports quantitative research and analysis
OTHER THINGS TO KNOW...
A) Anti-Consecutive Algorithm : allows to avoid multiple and consecutive volume signals and peaks at close range
B) Statistical Validation : Uses standard deviation for accuracy
C) Memory Management : Limits historical data for optimal performance
D) Compatibility : Works with all TradingView chart types
⚠️ IMPORTANT DISCLAIMER
This indicator is exclusively a technical analysis tool for studying volume patterns. It does not provide investment advice, trading signals or entry/exit points. All trading decisions are at the complete discretion and responsibility of the user. Always use in combination with other technical and fundamental analysis and proper risk management.
DESCRIZIONE IN ITALIANO
💥 VEP - Volume Explosion Predictor
Panoramica Generale
Il Volume Explosion Predictor (VEP) è un indicatore avanzato che analizza i picchi di volume per prevedere quando potrebbe verificarsi la prossima esplosione di volume. Utilizzando analisi statistiche sui pattern storici, fornisce probabilità accurate sui momenti di maggiore attività di trading.
CARATTERISTICHE PRINCIPALI
🎯 Rilevamento intelligente dei picchi di volume
- Identifica automaticamente i picchi di volume significativi
- Filtro anti-consecutivo per evitare segnali ridondanti
- Soglia personalizzabile per la sensibilità del rilevamento
📊 Analisi statistica avanzata
Calcola la distanza media tra i picchi di volume
Monitora il numero di sessioni senza picchi
Traccia il range massimo storico senza attività
🔮 Sistema predittivo
Probabilità dinamica: Calcola la probabilità di un imminente picco
Indicatori visivi: Colori di sfondo che cambiano in base alla probabilità
Previsioni temporali: Stima delle sessioni rimanenti al prossimo picco
📈 Segnali visivi
1) Frecce colorate: Verdi per picchi rialzisti, rosse per ribassisti
2) Tabella statistiche: Panoramica completa in tempo reale
SISTEMA DI ALERT
🚨 Tre Livelli di Alert
1) New Valid Volume Peak: Nuovo picco rilevato
2) Approaching Prediction: Probabilità in aumento
3) High Peak Probability: Alta probabilità di esplosione
COME UTILIZZARLO
📋 Setup consigliato
- Timeframe : Funziona su tutti i timeframe ma è consigliabile un utilizzo su timeframe giornaliero, settimanale o mensile. In ogni caso va sempre utilizzato coerentemente con il proprio orizzonte temporale
- Mercati : Azioni, crypto, forex, commodities
- Limite affinché si realizzi il picco di volumi : Si consiglia di iniziare con 2.0x (ovvero due volte la media dei volumi) per mercati normali, 1.5x per mercati più volatili. Questo parametro può essere settato nelle impostazioni a proprio piacimento
🎨 Interpretazione visuale
Frecce Verdi : Picco durante candela rialzista
Frecce Rosse : Picco durante candela ribassista
Sfondo Rosso : Alta probabilità (>90%) di nuovo picco
Sfondo Giallo : Probabilità media (50-70%)
📊 TABELLA STATISTICHE
La tabella mostra:
1. Totale picchi analizzati
2. Distanza media tra picchi
3. Sessioni attuali senza picchi
4. Previsione sessioni rimanenti
5. Probabilità percentuale
6. Soglia volume necessaria affinché si realizzi il picco di volumi
VANTAGGI STRATEGICI
🎯 Per Day Traders
Anticipa i momenti di maggiore volatilità per analisi, supportando la valutazione dei setup di trading e fornendo al contempo un contesto sui periodi di basso volume
📈 Per Swing Traders
1. Identifica pattern di volume ad alta probabilità, supportando l'analisi dei breakout con volume e migliorando la comprensione dei tempi di mercato
🔍 Per Analisti Tecnici
Comprende i pattern di volume del titolo.
Aiuta a fare una valutazione dell'interesse storico del mercato ed è di supporto alla ricerca e analisi quantitativa
ALTRE COSE DA SAPERE...
A) Algoritmo Anti-Consecutivo : permette di evitare segnali e picchi di volume multipli e consecutivi multipli a distanza ravvicinata
B) Validazione Statistica : Utilizza deviazione standard per l'accuratezza
C) Gestione Memoria : Limita i dati storici per performance ottimali
D) Compatibilità : Funziona con tutti i tipi di grafico TradingView
⚠️ DISCLAIMER IMPORTANTE
Questo indicatore è esclusivamente uno strumento di analisi tecnica per lo studio dei pattern di volume. Non fornisce consigli di investimento, segnali di trading o punti di ingresso/uscita. Tutte le decisioni di trading sono a completa discrezione e responsabilità dell'utente. Utilizzare sempre in combinazione con altre analisi tecniche, fondamentali e una adeguata gestione del rischio.
RSI For LoopTitle: RSI For Loop
SurgeQuant’s RSI with Threshold Colors and Bar Coloring indicator is a sophisticated tool designed to identify overbought and oversold conditions using a customizable Relative Strength Index (RSI). By averaging RSI over a user-defined lookback period, this indicator provides clear visual signals for bullish and bearish market conditions. The RSI line and price bars are dynamically colored to highlight momentum, making it easier for traders to spot potential trading opportunities.
How It Works
RSI Calculation:
Computes RSI based on a user-selected price source (Close, High, Low, or Open) with a configurable length (default: 5). Optional moving average smoothing refines the RSI signal for smoother analysis.
Lookback Averaging:
Averages the RSI over a user-defined lookback period (default: 5) to generate a stable momentum indicator, reducing noise and enhancing signal reliability.
Threshold-Based Signals:
Long Signal: Triggered when the averaged RSI exceeds the upper threshold (default: 52), indicating overbought conditions.
Short Signal: Triggered when the averaged RSI falls below the lower threshold (default: 48), indicating oversold conditions.
Visual Representation
The indicator provides a clear and customizable visual interface: Green RSI Line and Bars: Indicate overbought conditions when the averaged RSI surpasses the upper threshold, signaling potential long opportunities.
Red RSI Line and Bars: Indicate oversold conditions when the averaged RSI drops below the lower threshold, signaling potential short opportunities.
Neutral Gray RSI Line: Represents RSI values between thresholds for neutral market conditions.
Threshold Lines: Dashed gray lines mark the upper and lower thresholds on the RSI panel for easy reference.
Customization & Parameters
The RSI with Threshold Colors and Bar Coloring indicator offers flexible parameters to suit
various trading styles: Source: Select the input price (default: Close; options: Close, High, Low, Open).
RSI Length: Adjust the RSI calculation period (default: 5).
Smoothing: Enable/disable moving average smoothing (default: enabled) and set the smoothing length (default: 10).
Moving Average Type: Choose from multiple types (SMA, EMA, DEMA, TEMA, WMA, VWMA, SMMA, HMA, LSMA, ALMA; default: ALMA).
ALMA Sigma: Configure the ALMA smoothing parameter (default: 5).
Lookback Period: Set the period for averaging RSI (default: 5).
Thresholds: Customize the upper (default: 52) and lower (default: 48) thresholds for signal generation.
Color Settings: Transparent green and red colors (70% transparency) for bullish and bearish signals, with gray for neutral states.
Trading Applications
This indicator is versatile and can be applied across various markets and strategies: Momentum Trading: Highlights strong overbought or oversold conditions for potential entry or exit points.
Trend Confirmation: Use bar coloring to confirm RSI-based signals with price action on the main chart.
Reversal Detection: Identify potential reversals when RSI crosses the customizable thresholds.
Scalping and Swing Trading: Adjust parameters (e.g., RSI length, lookback) to suit short-term or longer-term strategies.
Final Note
SurgeQuant’s RSI with Threshold Colors and Bar Coloring indicator is a powerful tool for traders seeking to leverage RSI for momentum and reversal opportunities. Its combination of lookback-averaged RSI, dynamic threshold signals, and synchronized RSI and bar coloring offers a robust framework for informed trading decisions. As with all indicators, backtest thoroughly and integrate into a comprehensive trading strategy for optimal results.
Wyckoff Smart Signals (Long + Short)- Wycoff Smart signals made by Melik
Using Wycoff fundamentals and volume confirmation to form a bias
Bearish Fibonacci Extension Distance Table
### 📉 **Bearish Fibonacci Extension Distance Table – Pine Script Indicator**
This TradingView indicator calculates and displays **bearish Fibonacci extension targets** based on recent price swings, specifically designed for traders looking to **analyze downside potential** in a trending market. Unlike traditional Fibonacci retracement tools that help identify pullbacks, this version projects likely **price targets below current levels** using Fibonacci ratios commonly followed by institutional and retail traders alike.
#### 🔧 **How It Works:**
* **Swing Calculation**:
The script looks back over a user-defined period (`swingLen`, default 20 bars) to find:
* `B`: The **highest high** in the lookback (start of bearish move)
* `A`: The **lowest low** in the same period (end of bearish swing)
* `C`: The **current high**, serving as the base for projecting future downside levels.
* **Bearish Extensions**:
It then calculates Fibonacci extension levels **below** the current high using standard ratios:
* **100%**, **127.2%**, **161.8%**, **200%**, and **261.8%**
* **Distance Calculation**:
For each level, the indicator computes:
* The **target price**
* The **distance (in %)** between the current close and each Fibonacci level
* **Visual Output**:
A live, auto-updating **data table** is shown in the **top-right corner** of the chart. This provides at-a-glance insight into how far current price is from each bearish target, with color-coded levels for clarity.
#### 📊 **Use Cases**:
* Identify **bearish continuation targets** in downtrending or correcting markets.
* Help manage **take-profit** zones for short trades.
* Assess **risk-reward** scenarios when entering bearish positions.
* Combine with indicators like RSI, OBV, or MACD for **confluence-based setups**.
#### ⚙️ **Inputs**:
* `Swing Lookback`: Number of bars to consider for calculating the swing high and swing low.
* `Show Table`: Toggle to display or hide the Fibonacci level table.
---
### 🧠 Example Interpretation:
Suppose the stock is trading at ₹180 and the 161.8% Fibonacci extension level is ₹165 with a -8.3% distance — this suggests the price may continue down to ₹165, offering a potential 8% short opportunity if confirmed by other indicators.
👽 TIME PERIODS👽 TIME PERIODS v1.15
Visualize key time divisions and session levels on any chart:
• Timezone‐aware session shading
– Highlight active NY session (configurable HHMM–HHMM and days)
– Adjustable background opacity
• Weekly & Monthly Separators
– Toggle on/off
– Custom color, style (solid/dashed/dotted) & width
• Day-of-Week Labels
– Diamonds at session start for M–S
– Toggle on/off
• Session Open Line
– Horizontal line at each session’s open
– Configurable color, width & “distanceRight” in bars
– Always shows current session
• Midpoint Vertical Line
– Plots halfway between session open & close
– Custom color, style & width
– Toggle on/off
▶ All elements grouped for easy parameter tweaking
▶ Fully timezone-configurable (default America/New_York)
▶ Version 1.15 — added distanceRight feature & current session support
Use this to see exactly where your chosen session, weekly/monthly boundaries, and intraday pivot points fall—across any timeframe.
Your trading time period background fillThis script allows you to add background highlights to charts during any regional trading session, customize your own trading time, and is precise and customizable yet simple and easy to use, making it more convenient to review transactions.
Support global mainstream time zones: The drop-down list includes 30 commonly used IANA time zones (default is Asia/Shanghai) (such as Asia/Shanghai, America/New_York, Europe/London, etc.), one-click switching, no need to manually calculate the time difference.
Fully localized time input: "Start hour/minute" and "End hour/minute" are filled in with the local time of the selected time zone. The end hour defaults to 23:00 and can be adjusted to 0-23 at will.
Accurate time difference splitting: The script internally splits the time zone offset into whole hours and remainder minutes (supports half-hour zones, such as UTC+5:30), and ensures that all parameters are integers when calling timestamp to avoid errors.
Dynamic background rendering: Each K-line is judged according to the UTC timestamp whether it falls within the set range. If it meets the time period, it will be marked with a semi-transparent green background, and it will return to its original state after crossing the time period, helping you to identify the opening, closing or active period of any market at a glance.
Wide range of scenarios: It can be used for time-sharing highlighting of all-weather varieties of foreign exchange and cryptocurrency, and can also be used in conjunction with backtesting and timing strategies to only send signals during the active period of the target market, greatly improving trading efficiency and strategy accuracy.
Just select the region and set the time, and the script will automatically complete all complex time zone conversions and drawing, allowing you to focus on the transaction itself.
EMA 21, 55, 200 with Small LabelsThis is a combination of ema21/50/200. Helps to identify market trends. It comes with small labels so it won't confuse which line is which. I hope it helps and good luck with your trading!
Omori Law Recovery PhasesWhat is the Omori Law?
Originally a seismological model, the Omori Law describes how earthquake aftershocks decay over time. It follows a power law relationship: the frequency of aftershocks decreases roughly proportionally to 1/(t+c)^p, where:
t = time since the main shock
c = time offset constant
p = power law exponent (typically around 1.0)
Application to the markets
Financial markets experience "aftershocks" similar to earthquakes:
Market Crashes as Main Shocks: Major market declines (crashes) represent the initial shock event.
Volatility Decay: After a crash, market volatility typically declines following a power law pattern rather than a linear or exponential one.
Behavioral Components: The decay pattern reflects collective market psychology - initial panic gives way to uncertainty, then stabilization, and finally normalization.
The Four Recovery Phases
The Omori decay pattern in markets can be divided into distinct phases:
Acute Phase: Immediately after the crash, characterized by extreme volatility, panic selling, and sharp reversals. Trading is hazardous.
Reaction Phase: Volatility begins decreasing, but markets test previous levels. False rallies and retests of lows are common.
Repair Phase: Structure returns to the market. Volatility approaches normal levels, and traditional technical analysis becomes more reliable.
Recovery Phase: The final stage where market behavior normalizes completely. The impact of the original shock has fully decayed.
Why It Matters for Traders
Understanding where the market stands in this recovery cycle provides valuable context:
Risk Management: Adjust position sizing based on the current phase
Strategy Selection: Different strategies work in different phases
Psychological Preparation: Know what to expect based on the phase
Time Horizon Guidance: Each phase suggests appropriate time frames for trading
RSP / VOO 比值指標The RSP/VOO ratio compares the performance of the S&P 500 Equal Weight ETF (RSP) to the S&P 500 Market Cap Weighted ETF (VOO). When the ratio is falling, it indicates that large-cap stocks—especially mega-cap tech names—are outperforming the broader market. In contrast, a rising ratio suggests that smaller and mid-sized companies are catching up or leading, which may signal a healthy broadening of market participation. Investors often use this ratio to identify shifts in market leadership and assess the strength or fragility of a rally.
Enhanced Gann Time-Price SquaresEnhanced Gann Time-Price Squares Indicator
A comprehensive Pine Script indicator that identifies and visualizes W.D. Gann's time-price square formations on your charts. This tool helps traders spot potential market turning points where time and price movements align according to Gann's legendary market theories.
Key Features:
Automatic Square Detection - Identifies completed squares where price movement equals time movement
Future Projections - Shows forming squares with projected completion points
Pivot Integration - Automatically detects pivot highs/lows as square starting points
Visual Clarity - Clean box outlines with customizable colors and styles
Smart Filtering - Prevents overlapping squares and includes minimum move thresholds
Real-time Status - Information table showing current square formations
How to Use:
The indicator draws boxes when price moves from pivot points equal the time elapsed (number of bars). Green squares indicate upward movements, red squares show downward movements. Dashed lines show forming squares, while dotted lines project where they might complete.
Settings:
Adjust pivot sensitivity and minimum price moves
Customize tolerance for time-price matching
Toggle projections, labels, and visual elements
Fine-tune colors and line styles
Perfect for Gann theory practitioners and traders looking for time-based market analysis. The squares often coincide with significant support/resistance levels and potential reversal points.
Compatible with all timeframes and instruments.
More updates to follow
EMA, DEMA (x2), SMMA (x2) Combo [V6]The averages of one EMA, two DEMA, and two SMMA are combined. parameters can be adjusted. The transaction is entered and exited according to the intersections.
Joh Milanoski Green Red Reversal Indicator 12.26.2024// ==============================================================================
// Joh Milanoski Green Red Reversal Indicator
// ==============================================================================
//
// DESCRIPTION:
// This is a trend reversal indicator that uses dynamic indicator candles from
// higher timeframes to identify potential buy and sell signals on your current chart.
// signals are generated when the candle color changes from bearish to bullish or vice versa.
//
// HOW IT WORKS:
// - Analyzes candles from selected timeframe (30m to 1D)
// - Ideal to use on lower time frame charts, ie 5,15, 30-minute timeframe for precise entry points
// - Provides visual feedback through triangles, labels, and background coloring
//
// SIGNAL INTERPRETATION:
// 🔺 Green Triangle (Below Bar) = BUY Signal - Potential upward reversal
// 🔻 Red Triangle (Above Bar) = SELL Signal - Potential downward reversal
// 🟢 Green Background = Current bullish trend
// 🔴 Red Background = Current bearish trend
//
// KEY FEATURES:
// - Multi-timeframe analysis for stronger signal confirmation
// - Real-time price integration from 5-minute chart
// - Customizable visual elements (colors, sizes, transparency)
// - Built-in alert system for automated notifications
// - Price labels with adjustable positioning
// - Optional connecting lines between signals and price labels
//
// RECOMMENDED USAGE:
// 1. Select appropriate timeframe (higher = stronger signals, fewer trades)
// 2. Wait for triangle signals to appear
// 3. Use displayed price for precise entry levels
// 4. Consider overall market trend and confirmation from other indicators
// 5. Enable alerts to avoid constant chart monitoring
//
// TIMEFRAME RECOMMENDATIONS:
// - Scalping: 30m - 1H (more signals, higher noise)
// - Day Trading: 2H - 4H (balanced frequency and reliability)
//
// CUSTOMIZATION OPTIONS:
// - Triangle Size: tiny, small, normal, large
// - Colors: Customizable buy/sell triangle colors
// - Label Positioning: Adjustable offset distances
// - Background: Transparency control for trend visualization
// - Text: Size and color customization for price labels
//
// ALERT SYSTEM:
// - Buy Alert: Triggered when green triangle appears
// - Sell Alert: Triggered when red triangle appears
// - Set up notifications in TradingView for real-time alerts
//
// BEST PRACTICES:
// - In settings Use higher timeframes for swing trading (6H, 12H, 1D)
// - Combine with support/resistance levels for confirmation
// - Consider overall market trend direction
// - Apply proper risk management and position sizing
// - Backtest on historical data before live trading
//
// RISK DISCLAIMER:
// This indicator is for educational purposes only. Past performance does not
// guarantee future results. Always use proper risk management and consider
// multiple confirmation signals before making trading decisions.
//
// ==============================================================================
Pseudo Renko-Linie + TurtleTrader S&R (TradingFrog)📊 Pseudo Renko + TurtleTrader S&R Indicator - Complete Analysis
🎯 Overview: What is this Indicator?
This Pine Script v6 indicator combines two powerful trading concepts:
🧱 Pseudo-Renko System - Filters market noise through artificial Renko blocks
🐢 TurtleTrader Support & Resistance - Identifies precise resistance lines and generates trading signals
⚠️ IMPORTANT: This is a PSEUDO-Renko System, not real Renko charts! The indicator simulates Renko logic on normal candlestick charts.
🧱 The Pseudo-Renko System in Detail
What is Pseudo-Renko?
Not a real Renko chart, but a simulation on normal candles
Filters market noise through defined box sizes
Generates clear trend signals without time factor
Visualizes price movements in uniform blocks
🔧 Renko Block Functions:
📈 Upward Blocks:
Kopieren
if close >= renko + boxsize
renko := renko + boxsize
dir := 1 // Upward trend
📉 Downward Blocks:
Kopieren
if close <= renko - boxsize
renko := renko - boxsize
dir := -1 // Downward trend
🎨 Visual Representation:
Green Blocks = Upward movement
Red Blocks = Downward movement
Dynamic Renko Line = Current trend level
Configurable transparency and borders
🐢 TurtleTrader Support & Resistance System
What are Turtle Lines?
The TurtleTrader method uses separate Renko logic to calculate:
Support Lines (support levels)
Resistance Lines (resistance levels)
🔍 Separate Renko Calculation for S&R:
// SEPARATE Turtle-Renko with own box size
turtle_boxsize = 15 // Independent from main Renko size
📊 Dual-Level System:
🔴 Major Support & Resistance:
Calculation: Highest/Lowest values of last 20 Renko blocks
Usage: Main resistance lines for larger movements
Color: Red (resistance) / Green (support)
🟡 Minor Support & Resistance:
Calculation: Highest/Lowest values of last 10 Renko blocks
Usage: Short-term resistance lines
Color: Orange (resistance) / Blue (support)
🚨 Signal Generation System
💥 Breakout Signals:
📈 Resistance Breakout:
resistanceBreakout = close > prev_resistance_major and close <= prev_resistance_major
Trigger: Price breaks through resistance line upward
Signal: "BREAKOUT RESISTANCE ↗"
Color: Lime/Green
📉 Support Breakdown:
supportBreakout = close < prev_support_major and close >= prev_support_major
Trigger: Price breaks through support line downward
Signal: "BREAKDOWN SUPPORT ↘"
Color: Red
👆 Touch Signals:
Resistance Touch: Price approaches resistance
Support Touch: Price approaches support
Tolerance: Configurable zone around S&R lines
🎯 Intelligent Filtering:
if use_renko_filter
resistanceBreakout := resistanceBreakout and dir == 1
supportBreakout := supportBreakout and dir == -1
Only signals in Renko trend direction are displayed!
🌈 S&R Zone System
What are S&R Zones?
Areas around resistance lines instead of just exact lines
Realistic representation of support/resistance
Configurable width (% of box size)
🎨 Zone Visualization:
Major Zones: Thicker, less transparent areas
Minor Zones: Thinner, more transparent areas
Color Coding: Red/Green for Major, Orange/Blue for Minor
📊 Live Dashboard Features
📈 Real-time Market Data:
// Distance to resistance
rDistance = ((resistance_major - close) / close) * 100
// Distance to support
sDistance = ((close - support_major) / close) * 100
🎯 Dashboard Contents:
Major Resistance/Support Values
Percentage distances to S&R lines
Turtle Box Size (currently used)
S&R Periods (Entry/Exit)
Current Renko Trend (Up/Down/Neutral)
Breakout Statistics (Total count)
🚨 Warning System:
Orange coloring when distance <1% to S&R lines
Trend display with arrows and colors
⚙️ Configuration Options
🧱 Renko Settings:
Box Size: 10 (default for main Renko)
Maximum Blocks: 1000
Colors: Up/Down configurable
Transparency: Individually adjustable
🐢 Turtle Parameters:
Separate Box Size: 15 (for S&R calculation)
Entry Period: 20 (Major S&R)
Exit Period: 10 (Minor S&R)
🎨 Visual Customizations:
Line Colors: All elements individually
Line Widths: 1-10 pixels
Line Styles: Solid/Dashed/Dotted
Transparency: 0-100% for all elements
🎯 Practical Application
📈 Long Signals:
Renko Trend: Upward (green blocks)
Signal: "BREAKOUT RESISTANCE ↗"
Confirmation: Price above Major Resistance
📉 Short Signals:
Renko Trend: Downward (red blocks)
Signal: "BREAKDOWN SUPPORT ↘"
Confirmation: Price below Major Support
⚠️ Caution Signals:
Touch Labels: Price approaches S&R
Orange Distances: <1% to important levels
Trend Change: Renko direction changes
🔥 Unique Strengths
💡 Dual-Renko System:
Main Renko: For trend and visualization
Turtle Renko: For precise S&R calculation
Independent box sizes for optimal adaptation
🎯 Precise Signals:
Trend-filtered breakouts
Touch detection before breakouts
Statistical evaluation
📊 Professional Appearance:
Fully customizable
Clear dashboard
Consistent color coding
🚀 Key Features Summary
🧱 Pseudo-Renko Core:
Simulates Renko logic on candlestick charts
Noise filtering through box-based price movements
Visual blocks showing trend direction
Dynamic trend line following Renko levels
🐢 TurtleTrader S&R Engine:
Separate calculation logic for support/resistance
Dual timeframe approach (Major/Minor levels)
Automatic level updates based on Renko blocks
Zone-based analysis instead of exact lines
🚨 Advanced Signal System:
Breakout detection with trend confirmation
Touch alerts for early warnings
Statistical tracking of all signals
Intelligent filtering to reduce false signals
📊 Professional Dashboard:
Real-time market metrics
Distance calculations to key levels
Trend status with visual indicators
Customizable positioning and styling
🎯 Trading Strategy Integration
📈 Entry Strategies:
Breakout Trading:
Wait for Renko trend confirmation
Look for breakout signal above/below S&R
Enter on signal with appropriate risk management
Use opposite S&R as profit target
Reversal Trading:
Watch for touch signals at S&R levels
Confirm with Renko trend change
Enter on trend reversal confirmation
Use tight stops below/above S&R zones
📉 Risk Management:
S&R zones provide natural stop levels
Distance indicators help with position sizing
Trend confirmation reduces false entries
Statistical tracking improves strategy refinement
🔧 Technical Implementation
🧮 Calculation Engine:
Kopieren
// Dual Renko systems running in parallel
var float renko = na // Main visualization
var float turtle_renko = na // S&R calculation
// Independent box sizes
boxsize = 10 // Visual Renko
turtle_boxsize = 15 // S&R Renko
📊 Data Management:
Array-based storage for historical S&R levels
Dynamic memory management to prevent overflow
Efficient calculation updates only on Renko changes
Real-time plotting with optimized performance
🎨 Rendering System:
Box objects for visual Renko blocks
Plot functions for S&R lines and zones
Label system for signals and touches
Table widget for dashboard display
🚀 Conclusion
This indicator represents advanced trading technology that:
✅ Implements Pseudo-Renko logic for noise filtering
✅ Uses TurtleTrader methodology for precise S&R lines
✅ Generates intelligent signals with trend filtering
✅ Offers complete customization for any trading style
✅ Provides professional visualization with live dashboard
✅ Combines multiple timeframes in one coherent system
✅ Delivers actionable insights for both breakout and reversal trading
This is trading technology at its finest! 🎯💪
The combination of Pseudo-Renko trend filtering with TurtleTrader S&R methodology creates a powerful tool that helps traders:
Identify high-probability setups
Filter out market noise
Time entries and exits precisely
Manage risk effectively
Track performance systematically
Perfect for both novice and professional traders! 📈🚀
ZY Legend İndikatörü (Hedge Modda)The ZY Legend Indicator (in Hedge Mode) can be used with the ZY Legend Indicator. When used alone, it allows entering into a transaction in an already established trend. Its use with the ZY Legend Indicator is as follows: When transactions taken with the ZY Legend Indicator are hedged with the signals of the same indicator, it shows the TP target of the position performing the hedge transaction (the last opened position). When the relevant TP signal arrives, the position should be closed with a market order, and the profit/loss from the position should be added to or deducted from the profit/loss of the main position at the TP target.
Trend Following with Mean Reversion - IndicatorTrend Following with Mean Reversion Indicator
A comprehensive technical analysis tool that combines trend detection with momentum reversal signals for enhanced market timing.
Strategy Overview:
This indicator identifies high-probability entry points by combining two proven technical concepts:
Trend Following: Uses Exponential Moving Average (EMA) to determine market direction
Mean Reversion: Utilizes RSI oversold/overbought levels for optimal entry timing
Key Features:
📊 Core Indicators:
Customizable EMA for trend identification (default: 50 periods)
RSI momentum oscillator with adjustable overbought/oversold levels
Visual trend direction indicators
🎯 Signal Generation:
BUY Signals: Generated when price is above EMA (uptrend) AND RSI is oversold (<30)
SELL Signals: Generated when price is below EMA (downtrend) AND RSI is overbought (>70)
Clear visual labels on chart for easy identification
⏰ Advanced Time Management:
Customizable trading session filter (default: 0700-1500)
Multiple timezone support (GMT-8 to GMT+13)
Individual day exclusion controls (weekends excluded by default)
Visual background coloring for time restrictions
🎨 Visual Elements:
Color-coded trend indicators
RSI extreme level background highlighting
Time filter status visualization
Comprehensive information table showing current market conditions
🔔 Alert System:
Built-in alerts for valid entry signals
Notifications for signals occurring outside trading hours
Customizable alert messages
How It Works:
Trend Filter: EMA determines if market is trending up or down
Momentum Confirmation: RSI identifies when price has moved too far and is due for reversal
Time Validation: Ensures signals only occur during specified trading hours
Visual Confirmation: Clear BUY/SELL labels appear only when all conditions align
Best Use Cases:
Swing trading on higher timeframes (4H, Daily)
Counter-trend entries in strong trending markets
Combining with other technical analysis tools
Educational purposes for understanding trend/momentum relationships
Customization Options:
Adjustable EMA and RSI periods
Customizable overbought/oversold levels
Flexible time and day restrictions
Toggle visual elements on/off
Multiple display themes
Note: This is a technical analysis tool for educational and informational purposes. Always conduct your own analysis and consider risk management principles. Past performance does not guarantee future results.
Forex Sessions (Asia, London, NY)This indicator highlights the current day’s Forex trading sessions for Asia, London, and New York with clear vertical lines. Each session’s open and close times are marked with distinct colors and clean labels for quick visual reference. Designed to help traders easily identify key market hours on any timeframe. UTC+2 !!!
Shift 3M - 30Y Yield Spread🟧 Shift 3M - 30Y Yield Spread
- This indicator visually displays the **inverse of the US Treasury short-long yield spread** (3-month minus 30-year spread reversal signal) in a "price chart-like" form.
- By default, the spread line is shifted by 1 year to help anticipate forward market moves (you can adjust this offset freely).
- Especially customized to be analyzed together with the movements of US indices like the S&P 500, and to help understand broader market cycles.
✅ Description
- Normalizes the spread based on a rolling window length you set (default: 500 bars).
- Both the normalization window and offset (shift) are fully customizable.
- Then, it scales the spread to match your chart’s price range, allowing you to intuitively compare spread movements alongside price action.
- Instantly see the **inverse (reversal) signals of the short-long yield spread**, curve steepening, and how they align with actual price trends.
⚡ By reading macro yield signals, you can **anticipate exactly when a market crash might come or when an explosive rally is about to start**.
⚡ A perfect tool for macro traders and yield curve analysts who want to quickly catch major market turning points!
copyright @invest_hedgeway
============================================================
🟧3개월 - 30년 물 장단기 금리차 역수
- 이 인디케이터는 미국 국채 **장단기 금리차 역수**(3개월물 - 30년물 스프레드의 반전 시그널)를 시각적으로 "가격 차트"처럼 표시해 줍니다.
- 기본적으로 스프레드 선은 **1년(365봉) 시프트**되어 있어, 시장을 선행적으로 파악할 수 있도록 설계되었습니다 (값은 자유롭게 조정 가능).
- 특히 S&P500 등 미국 지수 흐름과 함께 분석할 수 있도록 맞춤화되었으며, 시장 사이클을 이해하는 데에도 큰 도움이 됩니다.
✅ 설명
- 지정한 롤링 윈도우 길이(기본: 500봉)를 기준으로 스프레드를 정규화합니다.
- 정규화 길이와 오프셋(시프트) 모두 자유롭게 설정 가능
- 이후 현재 차트의 가격 레인지에 맞게 스케일링해, 가격과 함께 흐름을 직관적으로 비교할 수 있습니다.
- **장단기 금리차의 역전(역수) 시그널**, 커브 스티프닝 등과 실제 가격 움직임의 관계를 한눈에 확인
⚡ 거시 금리 신호를 통해 **언제 폭락이 올지, 언제 폭등이 터질지** 미리 감지할 수 있습니다.
⚡ 시장의 전환점을 빠르게 캐치하고 싶은 매크로 트레이더와 금리 분석가에게 완벽한 도구!
copyright @invest_hedgeway
NEXGEN XNEXGEN X is a powerful multi-layered technical indicator developed by NexGen Trading Academy to give traders an edge by combining the strength of trend analysis (ADX) with the precision of momentum timing (MACD). This all-in-one tool is specially designed for those who want to identify strong trends and execute high-probability entries based on momentum shifts.
NEXGEN ADXNEXGEN ADX
NEXGEN ADX – Advanced Trend Strength & Directional Indicator
Purpose:
The NEXGEN ADX is a powerful trend analysis tool developed by NexGen Trading Academy to help traders identify the strength and direction of market trends with precision. Based on the Average Directional Index (ADX) along with +DI (Positive Directional Indicator) and –DI (Negative Directional Indicator), this custom indicator provides a reliable foundation for both trend-following strategies and trend reversal setups.