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High and low statisticsHigh/Low Pattern Analyzer (All Timeframes) Ever wonder if there's a hidden pattern in the market? Does the high of the week usually happen on a Tuesday? Does the low of the month always form in the first week? Which 15-minute candle really sets the high for the entire day? This indicator is a powerful statistical tool designed to answer these questions by analyzing historical price action to find patterns in when the high and low of a period are formed. The Core Idea: Daily High & Low of the Week The simplest and most popular feature of this indicator is the "Daily high and low of the week" analysis. What it does: It looks back over your chosen number of weeks (e.g., the last 100) and finds out which day of the week (Monday, Tuesday, Wednesday, etc.) made the final high and which day made the final low for each of those weeks. How to use it: Go to the script settings. Enable the "Daily High/Low of the Week" module. Set your chart to the 1D (Daily) timeframe. A table will appear on your chart (bottom-right by default) showing the exact count and percentage for each day. This lets you see at a glance if there's a strong tendency for the market you're watching. Advanced Analysis: Other Timeframes This script goes far beyond just the daily chart. It includes four other independent analysis modules: 1. 4-Hour High/Low of the Week What it does: For intraday and swing traders. This module finds which 4-hour candle session (e.g., the 08:00 candle, the 16:00 candle) tends to form the high or low of the entire week. Key Feature (DST Aware): This table is "season-aware." It knows that the 08:00 "summertime" (DST) candle is the same trading session as the 07:00 "wintertime" (STD) candle. It groups them together so your data is never split or messy. 2. Weekly High/Low of the Month What it does: For a monthly perspective. This module finds which week of the month (Week 1, 2, 3, 4, or 5) is most likely to form the monthly high or low. How to use: Enable it and set your chart to the 1W (Weekly) timeframe. 3. Monthly High/Low of the Year What it does: The ultimate "big picture" view. This module finds which month (Jan, Feb, Mar, etc.) most frequently forms the high or low for the entire year. How to use: Enable it and set your chart to the 1M (Monthly) timeframe. The Power User Module: Custom Timeframe Analysis This is the most powerful feature. It lets you analyze any timeframe combination you want. What it does: It finds out which "Lower Timeframe" (LTF) candle made the high or low of any "Higher Timeframe" (HTF) you choose. Example: Do you want to know which 15-minute candle makes the Daily high? Set your chart to the 15M timeframe. Go to the "Custom Timeframe Analysis" settings. Set the "Higher Timeframe" to "1D". The script will draw a "season-aware" table (just like the 4H module) showing you the exact 15-minute candles (09:15, 09:30, etc.) that are statistically most likely to form the day's high or low. Other Features Show Labels: Each module has an option to "Show labels," which will draw a label (e.g., "Daily High of the Week") directly on the chart at the exact bar that made the high or low. Custom Dividers: Each module has its own optional, color-customizable divider (e.g., weekly, monthly) that you can toggle on to see the periods more clearly. Clean Settings: All modules are disabled by default (except for "Daily") to keep your chart clean. You only need to enable the specific analysis you want to see. This tool was built to turn your curiosity about market patterns into actionable, statistical data. Enjoy!
อินดิเคเตอร์ Pine Script®
โดย nickbonenkamp
3
DRACO DateTime Range Box — DELTA📘 Title DRACO DateTime Range Box — Stable Δ (Fixed Bottom, Extend-Right) 🔹 Short Description A single stable range box from a custom start date and time. The box locks its bottom to the first candle’s low, expands the top to the highest high, and accumulates Bars / Volume / Net Δ (buyers vs sellers). Anchored to time (xloc.bar_time) so it stays stable and does not drift when zooming. 🔹 Full Description What it does DRACO DateTime Range Box — Stable Δ draws one clean, session-like box between any two dates and times you choose. The bottom is fixed to the first in-range candle’s low (never moves). The top expands dynamically to the highest high within the range. The indicator accumulates: • Bars – total candle count • Volume – summed traded volume • Net Δ (delta) – buyers vs sellers dominance All geometry is anchored by real time (xloc.bar_time), ensuring perfect stability during zooming or resizing. Optional extend-right mode continues the high and low levels into the future as guide lines. Typical Use Cases Accumulation / distribution analysis within a fixed time window. Identifying who dominated the period — buyers (+) or sellers (−). Spotting large-scale range phases or institutional accumulation. Using the extended high/low as future support/resistance reference. Delta Calculation (Proxy) Δ 𝑏 𝑎 𝑟 ≈ 𝑉 𝑜 𝑙 𝑢 𝑚 𝑒 × ( 𝐶 𝑙 𝑜 𝑠 𝑒 − 𝑂 𝑝 𝑒 𝑛 ) max ⁡ ( 𝐻 𝑖 𝑔 ℎ − 𝐿 𝑜 𝑤 , 𝑡 𝑖 𝑐 𝑘 ) Δ bar ​ ≈Volume× max(High−Low,tick) (Close−Open) ​ Each bar’s Δ is clamped between −Volume and +Volume. This provides a lightweight approximation of order-flow delta without needing raw tick data. 🔹 How to Use Select your preferred Time Zone (Exchange / UTC / Europe/London). Choose a precise From Date & Time. Optionally enable Use End Date/Time to fix the end of the range. Turn on Extend High/Low to the Right if you want future S/R lines. Observe the bottom label: Bars | Volume | Net Δ (+/−) (Buyers or Sellers) 🔹 Key Inputs Date & Time Range Time Zone — controls timestamp alignment From — start date and time Use End Date/Time — optional fixed range end Box Settings Border Color / Fill Color while active Extend High/Low to Right — continues levels beyond the current bar Bottom Label Displays live metrics (Bars / Volume / Net Δ) Customizable text color, background, and size 🔹 Notes & Limitations Δ here is an approximate proxy, not real order-flow. For educational and analytical use only — not financial advice. If the selected range has no candles, the box will not appear. Refresh the chart after changing the time zone or From/To dates.
อินดิเคเตอร์ Pine Script®
โดย tomasgudanavicius
DRACO Tomas Delta (Custom/Monthly)🐉 DRACO Delta SessionBox (Custom / Monthly) Overview The DRACO Delta SessionBox is an advanced visual and analytical tool designed to measure and display cumulative buying and selling pressure (Δ — delta) within a user-defined time window, such as a specific custom date range, a recurring monthly period, or the entire current month. It visually represents market accumulation or distribution phases by calculating an approximate delta — the imbalance between bullish and bearish volume — and then aggregates it inside a dynamic “box” that spans only the selected time window. Core Concept Delta in this context is an approximation of the real order-flow delta (buy vs sell volume difference). Since TradingView doesn’t provide raw tick-by-tick trade direction data, this indicator uses a proxy formula based on OHLC and volume data: Δ per bar = Volume × ( Close − Open ) max ⁡ ( High − Low , Tick Size ) Δ per bar=Volume× max(High−Low,Tick Size) (Close−Open) ​ This gives a very effective approximation of intrabar directional pressure — whether volume was dominated by buyers (Δ > 0) or sellers (Δ < 0). Modes The indicator can operate in three distinct modes: 🕒 Custom DateTime The user manually sets an exact date & time range (From – To). The box only measures delta and volume accumulation within this window. Ideal for analyzing specific events, like FOMC weeks, quarterly earnings, or macro periods. 📆 Monthly Window The user selects start and end days of the month (e.g. 5–20). The same window repeats automatically every month. Useful for identifying recurring accumulation or distribution cycles within months. 🧭 Whole Month Automatically measures and visualizes delta for the entire current calendar month. The box resets when a new month begins. Provides a macro-level view of monthly directional bias.
อินดิเคเตอร์ Pine Script®
โดย tomasgudanavicius
No FOMO! Trade only during ICT Macros**🚫 Crush FOMO. Trade ONLY during ICT's macro windows** Tired of jumping into impulsive trades the moment price twitches? **No FOMO** paints your chart **blood-red** and slams a **giant 🚫 countdown** the instant you drift outside the **42-15 minute sweet spot** (or any custom intrahour rule you set). - **Instant visual lockdown** – entire chart turns crimson between 16–41 min. - **Loud alert on open/close** – push + sound so you never miss the gate. - **One-click timezone picker** – EST, GMT, Tokyo… works globally. - **Zero lag, lightweight** – runs on 1-min charts without slowing you down. **Proven to kill revenge trades & over-trading in <7 days.** Add to chart → watch discipline skyrocket. *Free | Open-source | Works on every plan* 👉 **Tag a friend who needs this.**
อินดิเคเตอร์ Pine Script®
โดย michele.amori
Custom Checklist# Custom Checklist - Trading Preparation & Reminders A fully customizable checklist overlay indicator for TradingView that helps traders maintain discipline and follow their trading routine systematically. ## 🎯 Purpose This indicator serves as a visual reminder system on your charts to ensure you complete all necessary analysis steps before entering a trade. Perfect for traders who want to maintain consistency and avoid emotional or rushed trading decisions. ## ✨ Key Features - **20 Customizable Lines**: Create your own checklist items with any text you need - **Flexible Display Options**: - Show/hide title header - Toggle entire checklist on/off - Position anywhere on chart (9 positions available) - Adjustable text size (tiny to huge) - **Symbol Filtering**: Option to show checklist only on specific symbols (BTC/USD, GOLD, SPX500, USOIL) - **Customizable Appearance**: - Background color - Text color - Border color - Transparency controls - **Clean Interface**: Empty by default - add only the items you need ## 📋 Use Cases - **Morning Routine**: Daily market preparation checklist - **Trade Entry Rules**: Verify all setup conditions are met - **Risk Management**: Confirm stop-loss, position size, and exit strategy - **Multi-Timeframe Analysis**: Ensure you checked all required timeframes - **Technical Analysis**: Track which indicators and patterns you've reviewed - **News & Events**: Remember to check economic calendar and news - **Personal Rules**: Your custom trading rules and reminders ## 🎨 Customization Every aspect is customizable: - All 20 lines can be edited to your needs - Only non-empty lines are displayed - Table position adjustable to any corner or middle position - Color scheme fully customizable to match your chart theme - Text size scalable for different screen sizes ## 💡 How to Use 1. Add indicator to your chart 2. Open Settings > Checklist Items 3. Fill in your checklist items (Line 1, Line 2, etc.) 4. Customize colors and position in Display Settings 5. Optional: Enable "Show Only on Specific Symbols" to show on select instruments ## 🔧 Display Settings - **Checklist Title**: Custom header for your checklist - **Show Title Header**: Toggle title display - **Show Checklist**: Master on/off switch - **Symbol Filter**: Restrict display to specific trading instruments - **Position**: 9 placement options (corners and middle positions) - **Text Size**: 5 size options (tiny, small, normal, large, huge) - **Colors**: Background, text, and border fully customizable ## 📝 Example Checklist Ideas **Swing Trading:** - Support/Resistance levels identified - Trend direction confirmed - Volume analysis completed - RSI/MACD signals checked - Risk/Reward ratio calculated **Day Trading:** - Pre-market review done - Key levels marked - Economic calendar checked - Trading plan written - Position size calculated **Technical Analysis:** - Multiple timeframe alignment - Chart patterns identified - Moving averages reviewed - Fibonacci levels drawn - Volume profile analyzed ## ⚙️ Technical Details - Pine Script v6 - Overlay indicator (displays on main chart) - Lightweight - no complex calculations - No repainting - Works on all timeframes and instruments ## 🎓 Perfect For - Beginner traders learning systematic analysis - Experienced traders maintaining discipline - Anyone who wants visual trading reminders - Traders following multi-step strategies - Those prone to FOMO or emotional trading --- **Note**: This is a visual tool only. It does not generate trading signals or perform analysis. It serves as a reminder checklist to help you follow your own trading process consistently.
อินดิเคเตอร์ Pine Script®
โดย cfircoo
Custom Checklist# Custom Checklist - Trading Preparation & Reminders A fully customizable checklist overlay indicator for TradingView that helps traders maintain discipline and follow their trading routine systematically. ## 🎯 Purpose This indicator serves as a visual reminder system on your charts to ensure you complete all necessary analysis steps before entering a trade. Perfect for traders who want to maintain consistency and avoid emotional or rushed trading decisions. ## ✨ Key Features - **20 Customizable Lines**: Create your own checklist items with any text you need - **Flexible Display Options**: - Show/hide title header - Toggle entire checklist on/off - Position anywhere on chart (9 positions available) - Adjustable text size (tiny to huge) - **Symbol Filtering**: Option to show checklist only on specific symbols (BTC/USD, GOLD, SPX500, USOIL) - **Customizable Appearance**: - Background color - Text color - Border color - Transparency controls - **Clean Interface**: Empty by default - add only the items you need ## 📋 Use Cases - **Morning Routine**: Daily market preparation checklist - **Trade Entry Rules**: Verify all setup conditions are met - **Risk Management**: Confirm stop-loss, position size, and exit strategy - **Multi-Timeframe Analysis**: Ensure you checked all required timeframes - **Technical Analysis**: Track which indicators and patterns you've reviewed - **News & Events**: Remember to check economic calendar and news - **Personal Rules**: Your custom trading rules and reminders ## 🎨 Customization Every aspect is customizable: - All 20 lines can be edited to your needs - Only non-empty lines are displayed - Table position adjustable to any corner or middle position - Color scheme fully customizable to match your chart theme - Text size scalable for different screen sizes ## 💡 How to Use 1. Add indicator to your chart 2. Open Settings > Checklist Items 3. Fill in your checklist items (Line 1, Line 2, etc.) 4. Customize colors and position in Display Settings 5. Optional: Enable "Show Only on Specific Symbols" to show on select instruments ## 🔧 Display Settings - **Checklist Title**: Custom header for your checklist - **Show Title Header**: Toggle title display - **Show Checklist**: Master on/off switch - **Symbol Filter**: Restrict display to specific trading instruments - **Position**: 9 placement options (corners and middle positions) - **Text Size**: 5 size options (tiny, small, normal, large, huge) - **Colors**: Background, text, and border fully customizable ## 📝 Example Checklist Ideas **Swing Trading:** - Support/Resistance levels identified - Trend direction confirmed - Volume analysis completed - RSI/MACD signals checked - Risk/Reward ratio calculated **Day Trading:** - Pre-market review done - Key levels marked - Economic calendar checked - Trading plan written - Position size calculated **Technical Analysis:** - Multiple timeframe alignment - Chart patterns identified - Moving averages reviewed - Fibonacci levels drawn - Volume profile analyzed ## ⚙️ Technical Details - Pine Script v6 - Overlay indicator (displays on main chart) - Lightweight - no complex calculations - No repainting - Works on all timeframes and instruments ## 🎓 Perfect For - Beginner traders learning systematic analysis - Experienced traders maintaining discipline - Anyone who wants visual trading reminders - Traders following multi-step strategies - Those prone to FOMO or emotional trading --- **Note**: This is a visual tool only. It does not generate trading signals or perform analysis. It serves as a reminder checklist to help you follow your own trading process consistently.
อินดิเคเตอร์ Pine Script®
โดย cfircoo
DreCalcsWhat is DreCalcs? DreCalcs is a proprietary algorithmic framework designed to map true structural pivots in price — independent of emotion, bias, or conventional indicator noise. Unlike typical retail indicators that lag or overfit, DreCalcs uses volatility-adjusted mathematics to define the precise price zones where large participants (institutional liquidity) are most likely to engage. These zones—labeled as BPS (Best Price Short), Half Zones, Momentum Targets, and Volatility Bands—allow traders to anticipate directional moves, manage risk objectively, and remove emotional decision-making. Each level within DreCalcs serves a distinct purpose: - BPS (Best Price Short / Long): The algorithm’s most statistically significant mean-reversion or rejection point—often where strong reversals begin. - Half Zones (Half1 / Half2): Structural midpoint targets derived from prior impulse ranges; used to scale in/out of positions. - Hi/Low Vol Sell/Buy Targets: Adaptive volatility-driven extensions that identify exhaustion points or continuation zones in momentum trends. - WeeksHigh / WeeksLow: Dynamic references for short-term bias confirmation. The script automatically updates these levels daily and weekly, ensuring traders always have current, data-backed pivot zones. It can be applied across timeframes, but its power is most visible on daily and weekly charts, where institutional order flow becomes clear. Core Purpose: DreCalcs removes emotion from trading by converting market chaos into measurable, repeatable structure—allowing traders to focus on probability, not prediction. Usage Philosophy: Structure > Emotion. Data > Opinion. Reaction > Prediction.
อินดิเคเตอร์ Pine Script®
โดย boombussin
Trend + Momentum Zones — Early Signals on the DailyWhy? Spot potential reversals 1–2 candles early on the daily chart with clear red/green zones that keep decision-making simple. What you get Crystal-clear sell zones: Overheated areas highlighted in a red band at a glance. Defined buy zones: Deep pullbacks flagged in a green band with early warnings. Trend-aware logic: Aligns with market regime to reduce false signals. Whipsaw filter: Dampens noise on choppy days. Alert-ready: Plug-and-play BUY/SELL markers for easy alerts. Flexible thresholds: Adjust bands to match volatility and your style. How to use Primary timeframe: Daily (3D/1W also supported if you prefer). Reading: Green band = potential accumulation. Red band = potential profit-taking. Best practice: wait for band exit + trend confirmation for higher conviction. Who is it for? Swing & position traders Crypto / majors / index futures watchers Anyone who wants zones, not clutter Important This is not a standalone system. Use with risk management, multi-timeframe context, and key S/R levels. Quick start Add to chart → set Daily. Tune upper/lower bands to market volatility. Enable alerts on BUY/SELL markers and follow your plan. Tags: #trend #momentum #zones #daily #swing #riskmanagement #crypto #forex #indices
อินดิเคเตอร์ Pine Script®
โดย Metina
COT Index v.2COT Index v.2 Indicator ( fix for extreme values) 📊 Overview The COT (Commitment of Traders) Index Indicator transforms raw COT data into normalized indices ranging from 0-100, with extensions to 120 and -20 for extreme market conditions. This powerful tool helps traders analyze institutional positioning and market sentiment by tracking the net long positions of three key market participant groups. 🎯 What It Does This indicator converts weekly CFTC Commitment of Traders data into easy-to-read oscillator format, showing: Commercial Index (Blue Line) - Smart money/hedgers positioning NonCommercial Index (Orange Line) - Large speculators/funds positioning Nonreportable Index (Red Line) - Small traders positioning 📈 Key Features Smart Scaling Algorithm 0-100 Range: Normal market conditions based on recent price action 120 Level: Extreme bullish positioning (above historical maximum) -20 Level: Extreme bearish positioning (below historical minimum) Dual Time Frame Analysis Short Period (26 weeks default): For current market scaling Historical Period (156 weeks default): For extreme condition detection Flexible Data Sources Futures Only reports Futures and Options combined reports Automatic symbol detection with manual overrides for HG and LBR 🔧 Customizable Settings Data Configuration Adjustable lookback periods for both current and historical analysis Report type selection (Futures vs Futures & Options) Display Options Toggle individual trader categories on/off Customizable reference lines (overbought/oversold levels) Optional 0/100 boundary lines Adjustable line widths and colors Reference Levels Upper Bound: 120 (extreme bullish) Overbought: 80 (default) Midline: 50 (neutral) Oversold: 20 (default) Lower Bound: -20 (extreme bearish) 💡 Trading Applications Contrarian Signals High Commercial Index + Low NonCommercial Index = Potential bullish reversal Low Commercial Index + High NonCommercial Index = Potential bearish reversal Market Sentiment Analysis Track institutional vs retail positioning divergences Identify extreme market conditions requiring attention Monitor smart money accumulation/distribution patterns Confirmation Tool Use alongside technical analysis for trade confirmation Validate breakouts with positioning data Assess market structure changes 📊 Visual Elements Status Table: Displays current settings and symbol information Color-Coded Lines: Easy identification of each trader category Reference Levels: Clear overbought/oversold boundaries Extreme Indicators: Visual cues for unusual market conditions ⚠️ Important Notes COT data is released weekly on Fridays (Tuesday data) Best suited for weekly and daily timeframes Requires symbols with available CFTC data Works automatically for most futures contracts 🎯 Best Practices Use in conjunction with price action analysis Look for divergences between price and positioning Pay special attention to extreme readings (120/-20 levels) Consider all three indices together for complete market picture Allow for data lag (3-day delay from CFTC) This indicator is ideal for swing traders, position traders, and anyone interested in understanding the positioning dynamics of professional vs retail market participants.
อินดิเคเตอร์ Pine Script®
โดย dragos_cocos_dev
IPDA Time High/L🧭 IPDA Time Pivot High/Low (3•6•9) Precision timing meets liquidity delivery. 🔹 Concept This tool is built on the idea that price is delivered by time, not structure — a core belief in Zeussy/Smart Money–style analysis. Certain time signatures, known as IPDA times (where the digits of hour and minute reduce to 3, 6, or 9), often align with reversals, traps, or accelerations in market delivery. These times represent rhythmic energy cycles in algorithmic delivery, marking when liquidity is often redistributed. 🔹 What the Indicator Does Scans your selected time window (default: 9:00–11:00, New York). Identifies candles forming micro pivots — a candle that’s higher or lower than both its immediate neighbors. Filters only those pivots that occur at IPDA times (digital roots of 3, 6, or 9). Prints a clean, minimal time label (HH:MM) above or below each qualifying candle. Labels dynamically adjust to your chart’s timezone and vertical spacing for clarity. 🔹 Why It’s Useful These moments often align with: Engineered traps during liquidity hunts. Session transitions (e.g., London → NY Open). Delivery shifts where price changes direction into the Draw on Liquidity (DOL). By highlighting only precise, time-based pivots, this indicator helps traders: Anticipate timing-based reversals, Align narrative with smart-money delivery cycles, And build refined entries within the NY AM session. 🔹 How to Use Apply the indicator to your chart. Set the timezone (default: America/New_York). Focus on your session window (e.g., 09:00–11:00). Observe when price reaches your POI or liquidity pool during an IPDA time — those candles are often where manipulation or delivery begins. Combine with your own narrative tools (SMT, CISD, DOL, POI) for confirmation. 🔹 Features Automatic timezone alignment Adjustable session hours Transparent, minimalistic time labels Custom label size & offset for clean chart aesthetics Works on all intraday timeframes 🔹 Philosophy “Price is delivered by time, not structure.” — Zeussy This indicator was designed for traders who study timing as a function of delivery, not just structure — allowing you to see when the algorithm intends to act.
อินดิเคเตอร์ Pine Script®
โดย spikelike360
AnkeAlgo A68 strategy™ || AnkeAlgo®[16.6]## ✅ Multi-Timeframe Trend Strategy Based on MFI and Momentum Factors ### 📌 Overview This strategy combines **Money Flow Index (MFI)** and **Momentum** to identify trend continuation and momentum reversal opportunities in the crypto market. It focuses on volume-weighted capital flow and price strength, generating trend-biased signals suitable for swing and intraday traders. --- ### 📊 Technical Indicators Used | Indicator | Purpose | |-----------|---------| | **MFI (Money Flow Index)** | Detects capital inflow/outflow and filters range-bound markets | | **Momentum Indicator** | Measures price acceleration and confirms breakout strength | | **Optional: ATR / EMA Filters** | Can be added for volatility stop or trend validation | --- ### ⚙️ Core Logic - **Trend Confirmation**: MFI exceeds threshold and aligns with price direction - **Momentum Entry Trigger**: Trades are executed only when momentum crosses a signal level - **Noise Filter**: Avoids entries when MFI divergence or momentum weakness is detected - **Position Management**: Supports ATR-based or percentage-based stop-loss systems --- ### 🪙 Market and Asset ✅ Designed for crypto derivatives **Recommended symbol:** `ETHUSDT.P` (Perpetual Futures) --- ### ⏱️ Recommended Timeframes - 30-minute - 45-minute - 1-hour > The **45m timeframe** shows the most stable performance in forward testing. --- ### 📈 Strategy Features - Performs best during trending and high-momentum phases - Low overfitting risk, adaptable across different volatility environments - Can be used as a signal engine for grid, martingale, or multi-asset systems - Easily extendable to BTC, SOL, BNB, and other high-liquidity assets --- ### ⚠️ Risk Disclaimer - This is **not** a mean-reversion strategy and may produce false signals in sideways markets - Stop-loss management and position sizing are required for live deployment - Backtest results do not guarantee live trading performance due to slippage and trading fees ---
กลยุทธ์ Pine Script®
โดย AnkeAlgo
1
DSS Bressert by MaxCapDSS Bressert by MaxCap is an enhanced version of the Double Smoothed Stochastic (DSS) oscillator, originally developed by Robert Bressert. It is designed to identify overbought/oversold market conditions and detect momentum shifts using a double-smoothing stochastic calculation. ⸻ ⚙️ How It Works This indicator applies a two-stage stochastic calculation with double exponential smoothing to reduce noise and provide smoother trend signals. 1. Phase 1 (MIT): A standard stochastic is calculated over the selected Stochastic_period, measuring the current close relative to the high-low range. This value is then smoothed using an exponential moving average (EMA). 2. Phase 2 (DSS): A second stochastic is applied on the smoothed MIT line using the same stochastic period, followed by another EMA smoothing step. The result is a smooth and responsive momentum oscillator that filters out market noise. This double-smoothing technique allows DSS to remain responsive to price changes while avoiding false reversals that are common with the traditional stochastic. ⸻ 🎨 Visualization • The orange line represents the main DSS value. • Blue dots appear when DSS is rising (bullish momentum). • Red dots appear when DSS is falling (bearish momentum). • The horizontal levels 20 and 80 mark oversold and overbought zones, respectively. ⸻ 🧠 Signal Interpretation • DSS > 80: Overbought zone — possible downward reversal. • DSS < 20: Oversold zone — possible upward rebound. • DSS rising after crossing above 20: Bullish signal. • DSS falling after crossing below 80: Bearish signal. • Color change (blue ↔ red) may indicate a momentum shift. ⸻ ⚙️ Input Parameters Parameter Description Default Value EMA Period EMA smoothing period 8 Stochastic Period Period for stochastic calculation 13 ⸻ 💡 Advantages • Smoother and more reliable than a standard stochastic. • Reduces market noise and false signals. • Accurately reflects real momentum shifts. • Color-coded visualization for clearer signal reading. ⸻
อินดิเคเตอร์ Pine Script®
โดย Maxim_Tariverdiev