Pro Scalper AI [BullByte]The Pro Scalper AI is a powerful, multi-faceted scalping indicator designed to assist active traders in identifying short-term trading opportunities with precision. By combining trend analysis, momentum indicators, dynamic weighting, and optional AI forecasting, this tool provides both immediate and latched trading signals based on confirmed (closed bar) data—helping to avoid repainting issues. Its flexible design includes customizable filters such as a higher timeframe trend filter, and adjustable settings for ADX, ATR, and Hull Moving Average (HMA), giving traders the ability to fine-tune the strategy to different markets and timeframes.
Key Features :
- Confirmed Data Processing :
Utilizes a helper function to lock in price and volume data only from confirmed (closed) bars, ensuring the reliability of signals without the risk of intrabar repainting.
- Trend Analysis :
Employs ADX and Directional Movement (DI) calculations along with a locally computed HMA to detect short-term trends. An optional higher timeframe trend filter can further refine the analysis.
- Flexible Momentum Modes :
Choose between three momentum calculation methods—Stochastic RSI, Fisher RSI, or Williams %R—to match your preferred style of analysis. This versatility allows you to optimize the indicator for different market conditions.
- Dynamic Weighting & Volatility Adjustments :
Adjusts the contribution of trend, momentum, volatility, and volume through dynamic weighting. This ensures that the indicator responds appropriately to varying market conditions by scaling its sensitivity with user-defined maximum factors.
- Optional AI Forecast :
For those who want an extra edge, the built-in AI forecasting module uses linear regression to predict future price moves and adjusts oscillator thresholds accordingly. This feature can be toggled on or off, with smoothing options available for more stable output.
- Latching Mode for Signal Persistenc e:
The script features a latching mechanism that holds signals until a clear reversal is detected, preventing whipsaws and providing more reliable trade entries and exits.
- Comprehensive Visualizations & Dashboard :
- Composite Oscillator & Dynamic Thresholds : The oscillator is plotted with dynamic upper and lower thresholds, and the area between them is filled with a color that reflects the active trading signal (e.g., Strong Buy, Early Sell).
- Signal Markers : Both immediate (non-latching) and stored (latched) signals are marked on the chart with distinct shapes (circles, crosses, triangles, and diamonds) to differentiate between signal types.
- Real-Time Dashboard : A customizable dashboard table displays key metrics including ADX, oscillator value, chosen momentum mode, HMA trend, higher timeframe trend, volume factor, AI bias (if enabled), and more, allowing traders to quickly assess market conditions at a glance.
How to Use :
1. S ignal Interpretation :
- Immediate Signals : For traders who prefer quick entries, the indicator displays immediate signals such as “Strong Buy” or “Early Sell” based on the current market snapshot.
- Latched Signals : When latching is enabled, the indicator holds a signal state until a clear reversal is confirmed, offering sustained trade setups.
2. Trend Confirmation :
- Use the HMA trend indicator and the optional higher timeframe trend filter to confirm the prevailing market direction before acting on signals.
3. Dynamic Thresholds & AI Forecasting :
- Monitor the dynamically adjusted oscillator thresholds and, if enabled, the AI bias to gauge potential shifts in market momentum.
4. Risk Management :
- Combine these signals with additional analysis and sound risk management practices to determine optimal entry and exit points for scalping trades.
Disclaimer :
This script is provided for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Always perform your own analysis and use proper risk management strategies before trading.
Oscillators
Customizable RSI/StochRSI Double ConfirmationBelow are the key adjustable parameters in the script and their usage:
RSI Parameters
RSI Length: The number of periods used to calculate the RSI, with a default value of 7. Adjusting this parameter changes the sensitivity of the RSI—shorter periods make it more sensitive, while longer periods make it smoother.
RSI Source: The price source used for RSI calculation, defaulting to the closing price (close). This can be changed to the opening price or other price types as needed.
StochRSI Parameters
StochRSI Length: The number of periods used to calculate the StochRSI, with a default value of 5. This affects how quickly the StochRSI reacts to changes in the RSI.
StochRSI Smooth K: The smoothing period for the StochRSI %K line, with a default value of 3. This is used to reduce noise.
StochRSI Smooth D: The smoothing period for the StochRSI %D line, with a default value of 3. It works in conjunction with %K to provide more stable signals.
Signal Thresholds
RSI Buy Threshold: A buy signal is triggered when the RSI crosses above this value (default 20).
RSI Sell Threshold: A sell signal is triggered when the RSI crosses below this value (default 80).
StochRSI Buy Threshold: A buy signal is triggered when the StochRSI %K crosses above this value (default 20).
StochRSI Sell Threshold: A sell signal is triggered when the StochRSI %K crosses below this value (default 80).
Signals
RSI Buy/Sell Signals: When the RSI crosses the buy/sell threshold, a green "RSI Buy" or red "RSI Sell" is displayed on the chart.
StochRSI Buy/Sell Signals: When the StochRSI %K crosses the buy/sell threshold, a yellow "StochRSI Buy" or purple "StochRSI Sell" is displayed.
Double Buy/Sell Signals: When both RSI and StochRSI simultaneously trigger buy/sell signals, a green "Double Buy" or red "Double Sell" is displayed, indicating a stronger trading opportunity.
The volatility of different cryptocurrencies varies, and different parameters may be suitable for each. Users need to experiment and select the most appropriate parameters themselves.
Disclaimer: This script is for informational purposes only and should not be considered financial advice; use it at your own risk.
Sentiment Master Oscillator[BullByte]
The Sentiment Master Oscillator is a modern market sentiment indicator designed for traders seeking to identify early trend shifts and potential reversals with clarity. This oscillator combines multiple technical tools—RSI, MACD, EMAs, ADX, ATR, and volume filters—to deliver layered signals that help you assess market momentum in a clear and simplified manner.
Key Features:
- Multi-Indicator Approach :
Integrates RSI (with a smoothing function), MACD, and two EMAs to gauge momentum and trend direction. The oscillator also includes ADX and ATR filters to ensure that only markets with sufficient directional strength and volatility generate signals.
- Dynamic Signal Zones :
The oscillator produces a raw value ranging roughly from -3 to +3 (adjustable via a scaling factor). Positive readings suggest bullish conditions, while negative readings indicate bearish trends. Visual zones (Early, Confirmed, Strong) are clearly marked with color-coded horizontal lines to help you interpret the strength of the signal at a glance.
- Adaptive Smoothing :
For those who prefer quicker, more responsive signals (ideal for scalping), an adaptive smoothing option is available. When enabled, it applies a shorter smoothing period to the oscillator; otherwise, a more conservative base period is used.
- Reversal Alerts :
Yellow dots are plotted on the chart to highlight potential reversal points. These alerts are triggered when the oscillator crosses specific thresholds, coupled with volume and ATR conditions, signaling that a top or bottom may be forming.
- Customizable Filters :
- ATR Filter :Ensures that the market's volatility is above a set threshold before signaling.
- ADX Filter :Confirms sufficient trend strength.
- Volume Filter : Requires that trading volume surges above a multiple of its simple moving average, filtering out low-volume noise.
- Clear Signal Messaging :
Based on the combined signals from various indicators, the script categorizes market sentiment into actionable messages such as "Early Buy", "Confirmed Buy", "Strong Buy", "Early Sell", "Confirmed Sell", and "Strong Sell". A "Grey Zone" label is used when the oscillator is near neutral, indicating that no clear trend is present.
How to Use :
1. Entry and Exit Decisions : Use the different signal stages (Early, Confirmed, Strong) as guides for your entries and exits.
2. Trend Confirmation : Rely on the multi-indicator setup for added confirmation of prevailing market conditions before executing trades.
3. Reversal Cues : Pay attention to the reversal dots for potential turning points in the market, which can be used to adjust positions or initiate trades.
Disclaimer:
This indicator is intended for educational and informational purposes only. It should not be taken as financial advice. Always use appropriate risk management and combine it with your analysis before making any trading decisions. Past performance is not indicative of future results.
By adhering to TradingView's publishing guidelines, the BullByte Sentiment Master is designed to provide transparency, simplicity, and robust analysis tools to enhance your trading strategy. Enjoy a clearer view of market sentiment and make more informed trading decisions!
MACD Z-ScoreMACD Z-Score Indicator Description
This indicator takes the traditional MACD and converts its histogram into a standardized z‑score. It does so by first calculating the MACD using a fast and a slow moving average (which you can choose to compute with either SMA or EMA). The MACD histogram is then derived as the difference between the MACD line and a signal line (again, with your choice of smoothing method).
Next, the indicator computes a z‑score of that histogram over a user‑defined lookback period. In simple terms, it measures how far (in terms of standard deviations) the current histogram value deviates from its average. This standardization makes it easier to compare the MACD’s momentum across different assets or timeframes. There’s also an option to further smooth the z‑score with an EMA to reduce noise.
Finally, the indicator plots the resulting z‑score along with horizontal reference lines at key levels (such as 1, -1, 2, -2, 3, and -3) and changes the background color when the z‑score exceeds a high threshold (above 2) or drops below a low threshold (below -2), providing a visual cue for potential long or short conditions.
This indicator is ideal for traders looking for a normalized way to assess momentum, helping them to easily spot when the MACD histogram deviates significantly from its typical range.
Smart MACD Reversal Oscillator Pro [TradeDots]The TradeDots Smart MACD Reversal Oscillator Pro is an advanced technical analysis tool that combines traditional MACD functionality with multi-layered signal detection and divergence identification systems. This comprehensive oscillator helps traders identify potential market reversals, trend continuations, and extremes with greater precision than conventional indicators.
📝 HOW IT WORKS
Accumulation & Distribution Detection System
The indicator begins with a proprietary calculation that identifies potential accumulation and distribution phases:
Calculation: Processes EMA differentials with specific time constants to detect underlying accumulation/distribution pressure
Visualization: Green-filled areas indicate accumulation phases (bullish pressure building) while red-filled areas show distribution phases (bearish pressure building)
Significance: This system often identifies trend reversals before traditional indicators by detecting institutional buying/selling activity
Multi-Timeframe MACD Implementation
Unlike traditional MACD indicators that use a single timeframe, this oscillator incorporates multiple calculation methods:
1. Primary Oscillator: Uses a proprietary calculation that combines price extremes with smoothed averages:
Implements specialized moving average types (SMMA and ZLEMA)
Generates a histogram that changes color based on price position relative to these averages
Produces a signal line that identifies crossover opportunities
2. Secondary MACD: Traditional MACD implementation with customizable parameters:
User-selectable MA types (SMA/EMA) for both oscillator and signal line
Color-coded histogram for momentum visualization
Separate crossover detection system
Dynamic Band System
The indicator implements an innovative dynamic band system to identify overbought and oversold conditions:
Band Calculation: Analyzes historical oscillator values to establish statistically significant extremes
Adaptive Scaling: Automatically adjusts to different market volatility regimes using a customizable Y-axis scale factor
Signal Integration: Incorporates band levels into signal generation for higher-probability trades
Signal Generation System
Four distinct signal types are generated to identify potential trading opportunities:
Green Dots: Bullish crossover signals (primary oscillator crosses above signal line)
Red Dots: Bearish crossover signals (primary oscillator crosses below signal line)
Blue Dots: Secondary MACD bullish crossovers in oversold territory
Orange Dots: Secondary MACD bearish crossovers in overbought territory
Advanced Divergence Detection
The oscillator incorporates a sophisticated divergence detection system:
Regular Divergences: Identifies when price makes lower lows while the oscillator makes higher lows (bullish) or price makes higher highs while the oscillator makes lower highs (bearish)
Hidden Divergences: Optional detection of continuation patterns (currently disabled by default)
Visual Markers: Clear labels identifying divergence formations directly on the chart
Zero-Line Filter: Optional filtering to only detect divergences that don't cross the zero line
🛠️ HOW TO USE
Signal Interpretation
Momentum Direction
Histogram Color: Green shades indicate bullish momentum, red shades indicate bearish momentum
Oscillator Position: Above zero indicates bullish momentum, below zero indicates bearish momentum
Filled Background: Green fill shows accumulation phases, red fill shows distribution phases
Buy Signals (In Order of Strength)
Bullish Divergence + Green Dot: Highest probability reversal signal (price making lower lows while oscillator makes higher lows, followed by crossover)
Green Dot Below Short Average Line: Strong oversold reversal signal
Green Dot + Blue Dot Alignment: Multiple indicator confirmation
Green Dot During Green Fill Expansion: Trend continuation signal
Sell Signals (In Order of Strength)
Bearish Divergence + Red Dot: Highest probability reversal signal (price making higher highs while oscillator makes lower highs, followed by crossover)
Red Dot Above Long Average Line: Strong overbought reversal signal
Red Dot + Orange Dot Alignment: Multiple indicator confirmation
Red Dot During Red Fill Expansion: Trend continuation signal
Trading Strategies
Divergence Trading Strategy
Identify "Bullish" or "Bearish" divergence labels on the chart
Wait for confirming dot signal in the same direction
Enter when both divergence and dot signal align
Set stops based on recent swing points
Target the opposite band or previous significant level
Overbought/Oversold Reversal Strategy
Wait for the oscillator to reach extreme bands (Long or Short Average lines)
Look for crossover signals at these extreme levels:
Bullish Crossover (Oversold): Green dots when oscillator is below Short Average
Bearish Crossover (Overbought): Red dots when oscillator is above Long Average
Enter when price confirms the reversal
Set stops beyond the recent extreme
Target the opposite band or at least the zero line
Multi-Confirmation Strategy
For highest probability trades, look for:
Multiple signal types aligning (e.g., Green + Blue dots or Red + Orange dots)
Signals occurring at band extremes
Divergence patterns reinforcing the signal direction
Background fill color supporting the signal (green fill for buys, red fill for sells)
⚙️ CUSTOMIZATION OPTIONS
The indicator offers extensive customization to adapt to different markets and trading styles:
Y-axis scale factor: Controls the band range multiplier (default 2.5)
Parameter 1: Controls the smoothing period for main calculations (default 8)
Parameter 2: Controls the signal line calculation period (default 9)
Fast/Slow Length: Controls traditional MACD calculation periods (12/26)
Oscillator MA Type: Selection between SMA and EMA for main oscillator
Signal Line MA Type: Selection between SMA and EMA for signal line
Divergence Settings: Customizable lookback parameters and display options
Don't touch the zero line?: Toggle option for divergence filtering
❗️LIMITATIONS
Signal Lag: The system identifies reversals after they have begun, potentially missing the absolute bottom or top
False Signals: Can occur during periods of high volatility or during ranging markets
Divergence Validation: Not all divergences lead to reversals; confirmation is essential
Timeframe Sensitivity: The indicator works best on intermediate timeframes (15m to 4h) for most markets
Bar Closing Requirement: All signals are based on closed candles and may be subject to change until the candle closes
RISK DISCLAIMER
Trading involves substantial risk, and most traders may incur losses. All content, tools, scripts, articles, and education provided by TradeDots are for informational and educational purposes only. Past performance is not indicative of future results.
This oscillator should be used as part of a complete trading approach that includes proper risk management, consideration of the broader market context, and confirmation from price action patterns. No trading system can guarantee profits, and users should always exercise caution and use appropriate position sizing.
Market Push Meter - CoffeeStyleMarket Push Meter - CoffeeKiller Indicator Guide
Welcome traders! This guide will walk you through the Market Push Meter indicator, a sophisticated volume analysis tool developed by CoffeeKiller with the help and assistance of FindBetterTrades that measures and visualizes the ongoing battle between buyers and sellers through volume pressure analysis.
🔔 **Warning: This Is Not a Standard Volume Indicator** 🔔 This indicator analyzes volume pressure in a unique way, combining directional volume with price action to identify market imbalances between buyers and sellers. All credit for the core logic for this indicator goes to FindBetterTrades and his/hers Volume Pressure Histogram (Normalized) (this is my adaptation and style added to that core logic, thus the CoffeeStyle name was added).
Core Concept: Volume Pressure Analysis
The foundation of this indicator lies in measuring the imbalance between buying and selling volume, providing insights into which market participants are exerting more pressure on price movements.
Volume Pressure Columns: Buying vs Selling Force
- Positive Green Columns: Net buying pressure
- Negative Red Columns: Net selling pressure
- Color intensity varies based on pressure strength
- Special coloring for new high/low boundaries
Marker Lines: Dynamic Support/Resistance
- High Marker Line (Magenta): Tracks the highest point reached during buying phases
- Low Marker Line (Cyan): Tracks the lowest point reached during selling phases
- Creates visual boundaries showing pressure extremes
Peak Detection System:
- Triangular markers identify significant local maxima and minima
- Background highlighting shows important pressure peaks
- Helps identify potential reversal points and pressure exhaustion
Reference Lines:
- Overbought Level: Threshold for extreme selling pressure
- Oversold Level: Threshold for extreme buying pressure
- Used to identify potential reversal zones
Core Components
1. Volume Pressure Calculation
- Separation of up-volume and down-volume
- Calculation of net volume pressure
- Smoothing for consistent visualization
- Normalization against total volume for percentage scaling
2. Boundary Tracking System
- Automatic detection of highest values in buying phases
- Automatic detection of lowest values in selling phases
- Step-line visualization of boundaries
- Color-coded for easy identification
3. Peak Detection System
- Identification of local maxima and minima
- Background highlighting of significant peaks
- Triangle markers for peak visualization
- Zero-line cross detection for trend changes
4. Threshold Settings
- Extreme threshold multiplier for identifying significant pressure
- Overbought/oversold levels for potential reversals
- Dynamic color coding based on pressure intensity
- Alert conditions for key pressure levels
Main Features
Volume Analysis Settings
- Customizable volume MA length
- Signal smoothing for clearer readings
- Optional log scale for handling wide range variations
- Adjustable threshold multiplier for sensitivity
Visual Elements
- Color-coded columns showing pressure direction and strength
- Dynamic marker lines for pressure boundaries
- Peak triangles for significant turning points
- Background highlighting for peak identification
- Overbought/oversold reference lines
Signal Generation
- Zero-line crosses for trend change signals
- Boundary breaks for pressure strength
- Peak formation for potential reversals
- Color changes for pressure direction and intensity
- Alert conditions for extreme pressure levels
Customization Options
- Volume analysis parameters
- Marker line visibility and colors
- Peak marker display options
- Log scale toggle for handling various markets
- Overbought/oversold threshold adjustments
Trading Applications
1. Trend Identification
- Volume pressure crossing above zero: buying pressure emerging
- Volume pressure crossing below zero: selling pressure emerging
- Column color: indicates pressure direction
- Column height: indicates pressure strength
- Signal line: confirms overall trend direction
2. Reversal Detection
- Peak triangles after extended trend: potential exhaustion
- Background highlighting: significant reversal points
- Volume pressure approaching marker lines: potential trend change
- Color shifts from bright to muted: decreasing pressure
- Readings beyond overbought/oversold levels: potential reversal zones
3. Pressure Analysis
- Breaking above previous high boundary: accelerating buying pressure
- Breaking below previous low boundary: accelerating selling pressure
- Special coloring (magenta/cyan): boundary breaks indicating strength
- Extreme readings: potential climactic buying/selling
4. Market Structure Assessment
- Consecutive higher peaks: strengthening buying structure
- Consecutive lower troughs: strengthening selling structure
- Peak comparisons: relative strength of pressure phases
- Boundary line steps: market structure levels
Optimization Guide
1. Volume Analysis Settings
- Volume MA Length: Default 25 provides balanced signals
- Lower values (10-15): More responsive, potentially noisier
- Higher values (30-50): Smoother, fewer false signals
- Signal Smoothing Length: Default 8 provides good balance
- Lower values: More responsive to pressure changes
- Higher values: Smoother trend identification
2. Threshold Settings
- Extreme Threshold Multiplier: Default 20.0
- Lower values: More signals, potentially more noise
- Higher values: Fewer signals, but more significant
- Overbought/Oversold Levels: Defaults at 20/-20
- Adjust based on instrument volatility
- Wider settings for more volatile instruments
3. Visual Customization
- Marker Line Colors: Adjust for visibility on your chart
- Peak Marker Color: Default yellow provides good contrast
- Enable/disable background highlights based on preference
- Consider log scale for instruments with wide volume ranges
4. Alert Settings
- Configure alerts for high buying pressure
- Configure alerts for high selling pressure
- Set additional alerts for zero-line crosses
- Consider timeframe when setting alert sensitivity
Best Practices
1. Signal Confirmation
- Wait for zero-line crosses to confirm pressure changes
- Look for peak formations to identify potential reversals
- Check for boundary breaks to confirm strong pressure
- Use with price action for entry/exit precision
- Consider extreme threshold crossings as significant signals
2. Timeframe Selection
- Lower timeframes: more signals, potential noise
- Higher timeframes: cleaner signals, less frequent
- Multiple timeframes: confirm signals across time horizons
- Match to your trading style and holding period
3. Market Context
- Strong buying phase: positive columns breaking above marker line
- Strong selling phase: negative columns breaking below marker line
- Columns approaching zero: potential pressure shift
- Columns beyond overbought/oversold: extreme conditions, potential reversal
4. Combining with Other Indicators
- Use with trend indicators for confirmation
- Pair with price action oscillators for divergence detection
- Combine with traditional volume indicators for validation
- Consider support/resistance levels with boundary lines
Advanced Trading Strategies
1. Boundary Break Strategy
- Enter long when volume pressure breaks above previous high marker line
- Enter short when volume pressure breaks below previous low marker line
- Use zero-line as initial stop-loss reference
- Take profits at formation of opposing peaks
2. Peak Trading Strategy
- Identify significant peaks with triangular markers
- Look for consecutive lower peaks in buying phases for shorting opportunities
- Look for consecutive higher troughs in selling phases for buying opportunities
- Use zero-line crosses as confirmation
3. Extreme Reading Strategy
- Look for volume pressure beyond overbought/oversold levels
- Watch for color changes and peak formations
- Enter counter-trend positions after confirmed peaks
- Use tight stops due to extreme market conditions
4. Volume Color Strategy
- Enter long when columns turn bright green (increasing buying pressure)
- Enter short when columns turn bright red (increasing selling pressure)
- Exit when color intensity fades (decreasing pressure)
- Use marker lines as dynamic support/resistance
Practical Analysis Examples
Bullish Market Scenario
- Volume pressure crosses above zero line
- Green columns grow in height and intensity
- High marker line forms steps upward
- Peak triangles appear at local maxima
- Background highlights appear at significant buying pressure peaks
Bearish Market Scenario
- Volume pressure crosses below zero line
- Red columns grow in depth and intensity
- Low marker line forms steps downward
- Peak triangles appear at local minima
- Background highlights appear at significant selling pressure troughs
Consolidation Scenario
- Volume pressure oscillates around zero line
- Column colors alternate frequently
- Marker lines remain relatively flat
- Few or no new peak highlights appear
- Pressure values remain small
Understanding Market Dynamics Through Market Push Meter
At its core, this indicator provides a unique lens to visualize market pressure through volume analysis:
1. Volume Imbalance: By separating and comparing buying volume (up candles) from selling volume (down candles), the indicator provides insights into which side is exerting more pressure in the market.
2. Normalized Pressure: The indicator normalizes volume pressure as a percentage of total volume, making it more comparable across different market conditions and instruments.
3. Dynamic Boundaries: The marker lines create a visual representation of the "high water marks" of pressure in both directions, helping to identify when markets are making new pressure extremes.
4. Exhaustion Signals: The peak detection system highlights moments where pressure has reached a local maximum or minimum, often precursors to reversals or consolidations.
Remember:
- Combine signals from volume pressure, marker lines, and peak formations
- Use appropriate timeframe settings for your trading style
- Customize the indicator to match your visual preferences and market
- Consider overall market conditions and correlate with price action
This indicator works best when:
- Used as part of a comprehensive trading system
- Combined with proper risk management
- Applied with an understanding of current market conditions
- Signals are confirmed by price action and other indicators
DISCLAIMER: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
Relative Directional Index (RDI)🔍 Overview
The Relative Directional Index (RDI) is a hybrid tool that fuses the Average Directional and the Relative Strength Indices (ADX and RSI) into a single, highly visual interface. While the former captures trend strength, the latter reveals momentum shifts and potential exhaustion. Together, they can confirm trend structure, anticipate reversals, and sharpen the timing entries and exits.
📌 Why Combine ADX with RSI?
Most indicators focus on either trend-following (like ADX) or momentum detection (like RSI)—but rarely both. Each comes with trade-offs:
- ADX alone confirms trend strength but ignores momentum.
- RSI alone signals overbought/oversold, but lacks trend context.
The RDI resolves this by integrating both, offering:
- Smarter filters for trend entries
- Early warnings of momentum breakdowns
- More confident signal validation
🧠 Design Note: Fibonacci Harmony
All default values—5, 13, 21—are Fibonacci numbers. This is intentional, as these values reflect the natural rhythm of market cycles, and promote harmonic calibration between price action and indicator logic.
🔥 Key Features
✅ ADX Histogram
- Green bars = trend gaining strength
- Red bars = trend weakening
- Adjustable transparency for visual tuning
✅ ADX Line (Orange)
- Measures trend strength over time
- Rising = accelerating trend
- Falling = trend may be fading
✅ RSI Line (Lemon Yellow)
- Captures momentum surges and slowdowns
- Above 50 = bullish control
- Below 50 = bearish pressure
✅ Trend Strength Squares
- Bright green = strong uptrend
- Bright red = strong downtrend
- Faded colors = range-bound or indecisive
✅ ADX/RSI Crossover Markers
- Yellow square = RSI crosses above ADX → momentum building
- Orange square = ADX crosses above RSI → trend still dominant
✅ Customizable Reference Lines
- Yellow (50) = strong trend threshold
- Red (30) = weak trend zone
- Green (70) = overextended, potential exhaustion
_______________________________________________________
🎯 How to Trade with the RDI
The RDI helps traders identify momentum-supported trends, catch early reversals, and avoid false signals during consolidation.
✅ Trend Confirmation Entries
🔼 Bullish → Enter long on pullbacks or resistance breakouts
- ADX rising above 30
- RSI above 50
- Green trend square visible
🔽 Bearish → Enter short on breakdowns or failed retests
- ADX rising
- RSI below 50
- Red trend square visible
🧯 Exit if RSI crosses back against trend direction or ADX flattens
🚨 Reversal Setups Using Divergence
📈 Bullish Divergence → Long entry after confirmation (e.g. engulfing bar, volume spike)
- Price prints lower low
- RSI prints higher low
- Green triangle
📉 Bearish Divergence → Short entry on breakdown
- Price prints higher high
- RSI prints lower high
- Red triangle
Tip: Stronger if ADX is declining (fading trend strength)
🔂 Breakout Detection via Cross Markers
- Yellow square = RSI > ADX → breakout brewing
- Orange square = ADX > RSI → trend continuation likely
⏸️ Avoid Choppy Markets
- RSI between 45–55
- Faded trend squares
- Flat ADX below 20–30
🧠 Pro Tips
- Combine RDI with VWAPs, moving averages and/or pitchforks
- Watch for alignment between trend and momentum
- Use divergence markers as confirmation, not stand-alone triggers
_______________________________________________________
⚠️ Hidden Divergence (Optional)
The RDI includes optional hidden divergence detection. These signals suggest trend continuation but are off by default. Use with discretion—best in established trends, not sideways markets.
🙈 Hidden Bullish
- Price prints higher low
- RSI prints lower low
🙈 Hidden Bearish
- Price prints lower high
- RSI prints higher high
DAMA OSC - Directional Adaptive MA OscillatorOverview:
The DAMA OSC (Directional Adaptive MA Oscillator) is a highly customizable and versatile oscillator that analyzes the delta between two moving averages of your choice. It detects trend progression, regressions, rebound signals, MA cross and critical zone crossovers to provide highly contextual trading information.
Designed for trend-following, reversal timing, and volatility filtering, DAMA OSC adapts to market conditions and highlights actionable signals in real-time.
Features:
Support for 11 custom moving average types (EMA, DEMA, TEMA, ALMA, KAMA, etc.)
Customizable fast & slow MA periods and types
Histogram based on percentage delta between fast and slow MA
Trend direction coloring with “Green”, “Blue”, and “Red” zones
Rebound detection using close or shadow logic
Configurable thresholds: Overbought, Oversold, Underbought, Undersold
Optional filters: rebound validation by candle color or flat-zone filter
Full visual overlay: MA lines, crossover markers, rebound icons
Complete alert system with 16 preconfigured conditions
How It Works:
Histogram Logic:
The histogram measures the percentage difference between the fast and slow MA:
hist_value = ((FastMA - SlowMA) / SlowMA) * 100
Trend State Logic (Green / Blue / Red):
Green_Up = Bullish acceleration
Blue_Up (or Red_Up, depending the display settings) = Bullish deceleration
Blue_Down (or Green_Down, depending the display settings) = Bearish deceleration
Red_Down = Bearish acceleration
Rebound Logic:
A rebound is detected when price:
Crosses back over a selected MA (fast or slow)
After being away for X candles (rebound_backstep)
Optional: filtered by histogram zones or candle color
Inputs:
Display Options:
Show/hide MA lines
Show/hide MA crosses
Show/hide price rebounds
Enable/disable blue deceleration zones
DAMA Settings:
Fast/Slow MA type and length
Source input (close by default)
Overbought/Oversold levels
Underbought/Undersold levels
Rebound Settings:
Use Close and/or Shadow
Rebound MA (Fast/Slow)
Candle color validation
Flat zone filter rebounds (between UnderSold and UnderBought)
Available MA type:
SMA (Simple MA)
EMA (Exponential MA)
DEMA (Double EMA)
TEMA (Triple EMA)
WMA (Weighted MA)
HMA (Hull MA)
VWMA (Volume Weighted MA)
Kijun (Ichimoku Baseline)
ALMA (Arnaud Legoux MA)
KAMA (Kaufman Adaptive MA)
HULLMOD (Modified Hull MA, Same as HMA, tweaked for Pine v6 constraints)
Notes:
**DEMA/TEMA** reduce lag compared to EMA, useful for faster reaction in trending markets.
**KAMA/ALMA** are better suited to noisy or volatile environments (e.g., BTC).
**VWMA** reacts strongly to volume spikes.
**HMA/HULLMOD** are great for visual clarity in fast moves.
Alerts Included (Fully Configurable):
Golden Cross:
Fast MA crosses above Slow MA
Death Cross:
Fast MA crosses below Slow MA
Bullish Rebound:
Rebound from below MA in uptrend
Bearish Rebound:
Rebound from above MA in downtrend
Bull Progression:
Transition into Green_Up with positive delta
Bear Progression:
Transition into Red_Down with negative delta
Bull Regression:
Exit from Red_Down into Blue/Green with negative delta
Bear Regression:
Exit from Green_Up into Blue/Red with positive delta
Crossover Overbought:
Histogram crosses above Overbought
Crossunder Overbought:
Histogram crosses below Overbought
Crossover Oversold:
Histogram crosses above Oversold
Crossunder Oversold:
Histogram crosses below Oversold
Crossover Underbought:
Histogram crosses above Underbought
Crossunder Underbought:
Histogram crosses below Underbought
Crossover Undersold:
Histogram crosses above Undersold
Crossunder Undersold:
Histogram crosses below Undersold
Credits:
Created by Eff_Hash. This code is shared with the TradingView community and full free. do not hesitate to share your best settings and usage.
Market Conditions with RSI v6Market Conditions with RSI Indicator
This indicator combines price action, volume, and RSI (Relative Strength Index) to identify market conditions and generate trading signals.
What It Does
The indicator classifies market conditions into four categories:
1.Strong Bullish: When price is rising, volume is up, and the volume-based "open interest" is increasing
2.Weak Bullish: When price is rising, but volume is down, and the volume-based "open interest" is decreasing
3.Weak Bearish: When price is declining, volume is up, and the volume-based "open interest" is increasing
4.Strong Bearish: When price is declining, volume is down, and the volume-based "open interest" is decreasing
These market conditions are then combined with RSI readings to generate buy and sell signals.
## How to Use It
1. Add the indicator to your TradingView chart
2. The indicator will display below your price chart (since it's not an overlay)
3. Look for buy signals (green triangles at the bottom) and sell signals (red triangles at the top)
4. Use the color-coded background to quickly identify the current market condition
5. Check the information table in the top-right corner for detailed metrics
What It Shows
1. RSI Line: The blue line showing the Relative Strength Index value
2. Background Color:
- Green = Strong Bullish
- Light Green = Weak Bullish
- Orange = Weak Bearish
- Red = Strong Bearish
3. Buy Signals (green triangles) appear when:
- Strong Bullish condition with RSI below 50 (catching momentum early)
- Weak Bearish condition with RSI below 30 (oversold opportunity)
4. Sell Signals (red triangles) appear when:
- Strong Bearish condition with RSI above 50 (catching downward momentum)
- Weak Bullish condition with RSI above 70 (overbought opportunity)
5. Information Table showing:
- Current market condition
- RSI value
- Price direction (rising/declining)
- Volume status (up/down)
- Volume-based "open interest" proxy (up/down)
Customization Options
You can adjust:
- RSI Length (default: 14)
- RSI Overbought Level (default: 70)
- RSI Oversold Level (default: 30)
- Volume Moving Average Length (default: 20)
- "Open Interest" Moving Average Length (default: 20)
Adv EMA Cloud v6 (ADX, Alerts)Summary:
This indicator provides a multi-faceted view of market trends using Exponential Moving Averages (EMAs) arranged in visually intuitive clouds, enhanced with an optional ADX-based range filter and configurable alerts for key market conditions. It aims to help traders quickly gauge trend alignment across short, medium, and long timeframes while filtering signals during potentially choppy market conditions.
Key Features:
Multiple EMAs: Displays 10-period (Fast), 20-period (Mid), and 50-period (Slow) EMAs.
Long-Term Trend Filter: Includes a 200-period EMA to provide context for the overall dominant trend direction.
Dual EMA Clouds:
Fast/Mid Cloud (10/20 EMA): Fills the area between the 10 and 20 EMAs. Defaults to Green when 10 > 20 (bullish short-term momentum) and Red when 10 < 20 (bearish short-term momentum).
Mid/Slow Cloud (20/50 EMA): Fills the area between the 20 and 50 EMAs. Defaults to Aqua when 20 > 50 (bullish mid-term trend) and Fuchsia when 20 < 50 (bearish mid-term trend).
Optional ADX Range Filter: Uses the Average Directional Index (ADX) to identify potentially non-trending or choppy markets. When enabled and ADX falls below a user-defined threshold, the EMA clouds will turn grey, visually warning that trend-following signals may be less reliable.
Configurable Alerts: Provides several built-in alert conditions using Pine Script's alertcondition function:
Confluence Condition: Triggers when a 10/20 EMA crossover occurs while both EMA clouds show alignment (both bullish/green/aqua or both bearish/red/fuchsia) and price respects the 200 EMA filter and the ADX filter indicates a trend (if filters are enabled).
MA Filter Cross: Triggers when price crosses above or below the 200 EMA filter line.
Full Alignment Start: Triggers on the first bar where full bullish or bearish alignment occurs (both clouds aligned + MA filter respected + ADX trending, if filters are enabled).
How It Works:
EMA Calculation: Standard Exponential Moving Averages are calculated for the 10, 20, 50, and 200 periods based on the closing price.
Cloud Creation: The fill() function visually shades the area between the 10 & 20 EMAs and the 20 & 50 EMAs.
Cloud Coloring: The color of each cloud is determined by the relationship between the two EMAs that define it (e.g., if EMA 10 is above EMA 20, the first cloud is bullish-colored).
ADX Filter Logic: The script calculates the ADX value. If the "Use ADX Trend Filter?" input is checked and the calculated ADX is below the specified "ADX Trend Threshold", the script considers the market potentially ranging.
ADX Visual Effect: During detected ranging periods (if the ADX filter is active), the plotCloud12Color and plotCloud23Color variables are assigned a neutral grey color instead of their normal bullish/bearish colors before being passed to the fill() function.
Alert Logic: Boolean variables track the specific conditions (crossovers, cloud alignment, filter positions, ADX state). The alertcondition() function creates triggerable alerts based on these pre-defined conditions.
Potential Interpretation (Not Financial Advice):
Trend Alignment: When both clouds share the same directional color (e.g., both bullish - Green & Aqua) and price is on the corresponding side of the 200 EMA filter, it may suggest a stronger, more aligned trend. Conversely, conflicting cloud colors may indicate indecision or transition.
Dynamic Support/Resistance: The EMA lines themselves (especially the 20, 50, and 200) can sometimes act as dynamic levels where price might react.
Range Warning: Greyed-out clouds (when ADX filter is enabled) serve as a visual warning that trend-based strategies might face increased difficulty or whipsaws.
Confluence Alerts: The specific confluence alerts signal moments where multiple conditions align (crossover + cloud agreement + filters), which some traders might view as higher-probability setups.
Customization:
All EMA lengths (10, 20, 50, 200) are adjustable via the Inputs menu.
The ADX length and threshold are configurable.
The MA Trend Filter and ADX Trend Filter can be independently enabled or disabled.
Disclaimer:
This indicator is provided for informational and educational purposes only. Trading financial markets involves significant risk. Past performance is not indicative of future results. Always conduct your own thorough analysis and consider your risk tolerance before making any trading decisions. This indicator should be used in conjunction with other analysis methods and tools. Do not trade based solely on the signals or visuals provided by this indicator.
RSI + MFI Momentum Mapper - CoffeeKillerRSI + MFI Momentum Mapper - CoffeeKiller Indicator Guide
Welcome traders! This guide will walk you through the RSI + MFI Momentum Mapper indicator, an innovative market analysis tool developed by CoffeeKiller that combines two powerful oscillators to create a comprehensive momentum visualization system.
🔔 **Warning: This Is Not a Standard RSI or MFI Indicator** 🔔 This indicator combines and normalizes RSI and MFI data to create a unified momentum representation with boundary detection and peak signaling features.
Core Concept: Combined Momentum Analysis
The foundation of this indicator lies in merging the strengths of two complementary oscillators - Relative Strength Index (RSI) and Money Flow Index (MFI) - to provide a more robust momentum signal that accounts for both price action and volume.
Directional Columns: Momentum Strength
- Positive Green Columns: Bullish momentum
- Negative Red Columns: Bearish momentum
- Color intensity varies based on momentum strength
- Special coloring for new high/low boundaries
Marker Lines: Dynamic Support/Resistance
- High Marker Line (Magenta): Tracks the highest point reached during a bullish phase
- Low Marker Line (Cyan): Tracks the lowest point reached during a bearish phase
- Creates visual boundaries showing momentum extremes
Peak Detection System:
- Triangular markers identify significant local maxima and minima
- Background highlighting shows important momentum peaks
- Helps identify potential reversal points and momentum exhaustion
Reference Lines:
- Zero Line (Gray): Divides bullish from bearish momentum
- High Line (+1): Upper threshold for extremely bullish conditions
- Low Line (-1): Lower threshold for extremely bearish conditions
Core Components
1. Oscillator Normalization
- RSI and MFI values centered around zero
- Values scaled to create consistent visualization
- Normalized range typically between -1 and +1
- Combination of indicators for signal reliability
2. Boundary Tracking System
- Automatic detection of highest values in bullish phases
- Automatic detection of lowest values in bearish phases
- Step-line visualization of boundaries
- Color-coded for easy identification
3. Peak Detection System
- Identification of local maxima and minima
- Background highlighting of significant peaks
- Triangle markers for peak visualization
- Zero-line cross detection for trend changes
4. Signal Smoothing
- Signal line calculation via SMA
- Helps filter noise and identify trends
- Provides confirmation of momentum direction
Main Features
Oscillator Settings
- Customizable RSI length for sensitivity control
- Customizable MFI length for sensitivity control
- Normalized display for consistent visualization
- Signal smoothing for clearer readings
Visual Elements
- Color-coded columns showing momentum direction and strength
- Dynamic marker lines for momentum boundaries
- Peak triangles for significant turning points
- Background highlighting for peak identification
- Reference lines for momentum threshold levels
Signal Generation
- Zero-line crosses for trend change signals
- Boundary breaks for momentum strength
- Peak formation for potential reversals
- Color changes for momentum direction and acceleration
Customization Options
- RSI and MFI length parameters
- Marker line visibility and colors
- Peak marker color selection
- Peak background display options
Trading Applications
1. Trend Identification
- Directional line crossing above zero: bullish trend beginning
- Directional line crossing below zero: bearish trend beginning
- Column color: indicates momentum direction
- Column height: indicates momentum strength
2. Reversal Detection
- Peak triangles after extended trend: potential exhaustion
- Background highlighting: significant reversal points
- Directional line approaching marker lines: potential trend change
- Color shifts from bright to muted: decreasing momentum
3. Momentum Analysis
- Breaking above previous high boundary: accelerating bullish momentum
- Breaking below previous low boundary: accelerating bearish momentum
- Special coloring (magenta/cyan): boundary breaks indicating strength
- Approaching +1/-1 lines: extreme momentum conditions
4. Market Structure Assessment
- Consecutive higher peaks: strengthening bullish structure
- Consecutive lower troughs: strengthening bearish structure
- Peak comparisons: relative strength of momentum phases
- Boundary line steps: market structure levels
Optimization Guide
1. Oscillator Settings
- RSI Length: Default 14 provides balanced signals
- Lower values (7-10): More responsive, potentially noisier
- Higher values (20-30): Smoother, fewer false signals
- MFI Length: Default 14 provides balanced signals
- Lower values: More responsive to volume changes
- Higher values: Less sensitive to short-term volume spikes
2. Visual Customization
- Marker Line Colors: Adjust for visibility on your chart
- Peak Marker Color: Default yellow provides good contrast
- Enable/disable background highlights based on preference
- Consider chart background when selecting colors
3. Signal Interpretation
- Stronger signals: When directional line approaches +1/-1
- Confirmation: When peaks form after extended momentum
- Early warnings: When color intensity changes before direction
- Trend strength: Distance between zero line and current reading
4. Reference Line Usage
- Zero line: Primary trend divider
- +1/-1 lines: Extreme momentum thresholds
- Marker lines: Dynamic support/resistance levels
- Distance from reference: Momentum strength measure
Best Practices
1. Signal Confirmation
- Wait for zero-line crosses to confirm trend changes
- Look for peak formations to identify potential reversals
- Check for boundary breaks to confirm strong momentum
- Use with price action for entry/exit precision
2. Timeframe Selection
- Lower timeframes: more signals, potential noise
- Higher timeframes: cleaner signals, less frequent
- Multiple timeframes: confirm signals across time horizons
- Match to your trading style and holding period
3. Market Context
- Strong bullish phase: positive columns breaking above marker line
- Strong bearish phase: negative columns breaking below marker line
- Columns approaching zero: potential trend change
- Columns approaching +1/-1: extreme conditions, potential reversal
4. Combining with Other Indicators
- Use with trend indicators for confirmation
- Pair with other oscillators for divergence detection
- Combine with volume analysis for validation
- Consider support/resistance levels with boundary lines
Advanced Trading Strategies
1. Boundary Break Strategy
- Enter long when directional line breaks above previous high marker line
- Enter short when directional line breaks below previous low marker line
- Use zero-line as initial stop-loss reference
- Take profits at formation of opposing peaks
2. Peak Trading Strategy
- Identify significant peaks with triangular markers
- Look for consecutive lower peaks in bullish phases for shorting opportunities
- Look for consecutive higher troughs in bearish phases for buying opportunities
- Use zero-line crosses as confirmation
3. Extreme Reading Strategy
- Look for directional line approaching +1/-1 lines
- Watch for color changes and peak formations
- Enter counter-trend positions after confirmed peaks
- Use tight stops due to extreme momentum conditions
4. Column Color Strategy
- Enter long when columns turn bright green (increasing momentum)
- Enter short when columns turn bright red (increasing momentum)
- Exit when color intensity fades (decreasing momentum)
- Use marker lines as dynamic support/resistance
Practical Analysis Examples
Bullish Market Scenario
- Directional line crosses above zero line
- Green columns grow in height and intensity
- High marker line forms steps upward
- Peak triangles appear at local maxima
- Background highlights appear at significant momentum peaks
Bearish Market Scenario
- Directional line crosses below zero line
- Red columns grow in depth and intensity
- Low marker line forms steps downward
- Peak triangles appear at local minima
- Background highlights appear at significant momentum troughs
Consolidation Scenario
- Directional line oscillates around zero line
- Column colors alternate frequently
- Marker lines remain relatively flat
- Few or no new peak highlights appear
- Directional values remain small
Understanding Market Dynamics Through RSI + MFI Momentum Mapper
At its core, this indicator provides a unique lens to visualize market momentum by combining two complementary oscillators:
1. Combined Strength: By averaging RSI (price-based) and MFI (volume-based), the indicator provides a more comprehensive view of market momentum that considers both price action and buying/selling pressure.
2. Normalized Scale: The indicator normalizes values around zero, making it easier to identify bullish vs bearish conditions and the relative strength of momentum in either direction.
3. Dynamic Boundaries: The marker lines create a visual representation of the "high water marks" of momentum in both directions, helping to identify when markets are making new momentum extremes.
4. Exhaustion Signals: The peak detection system highlights moments where momentum has reached a local maximum or minimum, often precursors to reversals or consolidations.
Remember:
- Combine signals from directional line, marker lines, and peak formations
- Use appropriate timeframe settings for your trading style
- Customize the indicator to match your visual preferences
- Consider market conditions and correlate with price action
This indicator works best when:
- Used as part of a comprehensive trading system
- Combined with proper risk management
- Applied with an understanding of current market conditions
- Signals are confirmed by price action and other indicators
DISCLAIMER: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
Pivot Length Percentiles Oscillator# Pivot Length Percentiles Oscillator: Technical Mechanics Explained
## Introduction
The Pivot Length Percentiles Oscillator is a statistical approach to identifying potential market reversals by analyzing the distribution of price movements relative to pivot points. This publication explains the technical mechanics behind the indicator.
## Core Mechanics
### 1. Pivot Point Detection
The indicator begins by identifying significant pivot highs and lows using a user-defined lookback period:
- `lft`: Number of bars to the left of potential pivot point
- `rht`: Number of bars to the right of potential pivot point
These parameters determine how "significant" a pivot needs to be to qualify for analysis.
### 2. Distance Measurement & Historical Database
For each new pivot point identified, the indicator:
- Calculates the absolute price distance from the previous pivot of the same type
- Records the number of candles between consecutive pivots
- Stores these measurements in dynamic arrays that build a historical database
### 3. Statistical Distribution Analysis
Rather than using fixed values, the oscillator analyzes the complete distribution of historical pivot distances and calculates key percentile values:
- `lw` (Low Percentile): Lower boundary for statistical significance
- `md` (Mid Percentile): Median statistical boundary
- `hi` (High Percentile): Upper boundary for statistical extremes
### 4. Oscillator Construction
Two primary oscillator lines are calculated:
- Green line (`osc1`): Measures current price's fall below recent highs with `low - ta.highest(high, lft)`
- Red line (`osc2`): Measures current price's rise above recent lows with `high - ta.lowest(low, lft)`
### 5. Threshold Generation
The percentile values from the historical distribution create dynamic threshold lines:
- For downside movements: Scaled versions of the low percentile (`lw_distance_low`) and high percentile (`hi_distance_low`)
- For upside movements: Scaled versions of the low percentile (`lw_distance_high`) and high percentile (`hi_distance_high`)
### 6. Signal Logic
Entry signals are generated when:
- **Bullish Signal**: The downside oscillator crosses below a statistical threshold while price continues showing downward momentum (close < previous close AND close < previous open)
- **Bearish Signal**: The upside oscillator crosses above a statistical threshold while price continues showing upward momentum (close > previous close AND close > previous open)
### 7. Visualization Options
Users can toggle between:
- Standard view: Shows the oscillator and threshold lines
- Percentile view: Displays the current movement's percentile rank within the historical distribution
## Implementation Notes
- The indicator scales threshold values by 0.9 to create a slight buffer that reduces false signals
- The movement's continuation is confirmed by checking both close-to-close and close-to-open relationships
- Arrays dynamically update throughout the chart's history, making the indicator increasingly accurate as more data is processed
## Mathematical Framework
The core statistical function calculates percentiles using linear interpolation between values when needed:
```
calculate_percentile(array, percentile) =
sortedValue +
fraction * (sortedValue - sortedValue )
```
where `index = (array.size - 1) * percentile / 100`
This mathematical approach ensures the thresholds adapt dynamically to changing market conditions rather than relying on fixed values.
PARKER Currency Strength with RESETS v 3.00PARKER Currency Strength v3.00 is a comprehensive multi-currency strength indicator designed for Forex traders who want detailed insights into major currency performance. Here are some of its key features:
Customizable Session Resets:
The indicator supports automatic resets of currency strength calculations at the start of each major market session (Sydney, Tokyo, London, and New York). You can also enable a custom reset with a user-defined reset time and name.
User-Defined Market Hours:
With the new "Market Settings" section, you can set the open and close times for each market (Sydney, Tokyo, London, and New York) using hour and minute inputs. This allows you to tailor the session times to your local time zone or trading preferences.
Session Shading and Labels:
The background color of the indicator pane changes based on the active market session. Labels are generated at the start of each session to provide clear visual cues. Market session labels and times are also displayed on the chart for quick reference.
Dual Mode Display:
In addition to the reset-based currency strength calculations, the indicator can plot "normal" (continuous) currency strength lines at 50% transparency, allowing you to compare different calculation methods side by side.
Fully Customizable Appearance:
Customize line colors, widths, and offsets for each currency pair via user inputs, enabling a personalized and clear display that fits your trading style.
This indicator is ideal for Forex traders who require a dynamic and highly customizable tool to monitor currency strength, adapt to different market sessions, and make informed trading decisions based on real-time performance data.
Multi-Signal Trading Indicator (MSTI)Multi-Signal Trading Indicator (MSTI)
Overview
The Multi-Signal Trading Indicator (MSTI) is a comprehensive technical analysis tool that combines eight powerful indicators into a single, unified system. Designed to identify high-probability trading opportunities, MSTI generates precise buy and sell signals by analyzing multiple market factors simultaneously. The indicator excels at detecting potential reversals and trend continuations while filtering out market noise.
Key Features
8 Core Technical Components
MACD: Identifies momentum changes and potential trend reversals
RSI: Detects overbought and oversold conditions
Bollinger Bands: Analyzes price volatility and extreme conditions
Stochastic Oscillator: Identifies potential turning points in price
Moving Averages: Confirms trend direction using dual SMAs
Volume Analysis: Validates price movements with volume confirmation
Fibonacci Levels: Identifies key support/resistance areas
Divergence Detection: Spots divergences between price and momentum
Advanced Predictive Capabilities
Volume Surge Detection: Identifies significant volume increases that often precede major price movements
Enhanced Divergence Analysis: Detects both regular and hidden divergences for early reversal signals
Support/Resistance Tests: Identifies successful tests of key support/resistance zones
Momentum Change Detection: Spots early shifts in price momentum using Rate of Change
Order Flow Analysis: Tracks buying/selling pressure through On-Balance Volume
Signal Quality Management
Adjustable Signal Thresholds: Customize the number of conditions required for signal generation
Multiple Quality Levels: Choose between Normal, High, and Maximum quality settings
Strength Measurement: Displays signal strength as a percentage for better decision-making
Repeat Signal Prevention: Eliminates duplicate signals to reduce noise
Visual Features
Clear Chart Markers: Buy/sell signals displayed directly on price chart
Comprehensive Info Panel: Shows status of all components and overall signal information
Customizable Colors: Adjust visual elements to match your chart theme
Practical Applications
For Day Traders
Identify short-term reversal points with high accuracy
Validate entries with multiple confirmations
Filter out false signals during choppy market conditions
For Swing Traders
Spot early trend changes before they become obvious
Enter positions with higher confidence and precision
Hold positions through noise by following true trend signals
For Position Traders
Identify major trend reversals with multiple confirmations
Filter out minor retracements from significant trend changes
Time entries and exits with greater precision
Customization Options
MSTI is highly customizable with over 30 adjustable parameters allowing you to:
Fine-tune each technical component
Adjust signal quality and filtering
Enable/disable specific components
Customize visual appearance
Usage Tips
Start with the Normal quality setting to understand signal frequency
Progress to High or Maximum settings for fewer but higher quality signals
Adjust minimum conditions based on market volatility
Enable trend filter in trending markets for better signal accuracy
Enable volatility filter to avoid signals during low-volatility periods
Oracle Prediction Futur
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Indicator Description: Oracle Prediction Futur
The Oracle Prediction Futur is a sophisticated technical indicator designed for traders and analysts looking to gain insights into market trends through the analysis of price movements. This Pine Script™ code integrates innovative elements to enhance the trading experience and is governed by the Mozilla Public License 2.0.
Key Features:
Normalization of Closing Prices:
The indicator normalizes closing prices over a defined lookback period (100 periods) to provide a percentage-based representation of the current price relative to its historical range. This helps in identifying potential price extremes.
Peak and Trough Detection:
It identifies and plots peak tops and bottom troughs based on normalized closing values. Peak tops are marked with vibrant magenta circles, while peak bottoms are indicated by soothing cyan circles, helping traders visually spot significant turning points in the price action.
Dynamic Background Gradient:
The indicator features a visually appealing gradient background that represents market sentiment. The background color transitions between bear and bull colors based on the position of the normalized close within the 0-100 range. This provides an immediate visual cue about the strength or weakness of the market.
Horizontal Reference Lines:
The indicator includes horizontal lines at key levels (9.51 and 92.5) for quick reference, which can help to gauge areas of potential support or resistance.
User-Friendly Visuals:
The combination of background colors, dynamic plots, and clear labeling offers a user-friendly visual representation, making it easier to interpret market conditions at a glance.
Overlay Options:
As an overlay-free indicator, it maintains clarity on the price chart while providing insightful trends and forecasts.
Practical Application:
Traders can utilize the Oracle Prediction Futur indicator to identify potential entry and exit points in their trading strategies. By observing the peaks, troughs, and background color shifts, users can better understand market momentum and price action.
How to Use:
Deploy this indicator on your trading platform, and analyze the peaks and troughs along with the normalized close line and background gradient to inform your trading decisions. Look for alignment between price action and the signaling provided by the indicator for optimized trading results.
RSI Trendlines [RG]Overview
RSI Trendlines combines the power of automatic trendline detection with the popular Relative Strength Index (RSI) indicator. This tool identifies and plots dynamic support and resistance trendlines directly on the RSI chart, helping you spot potential trend changes and divergences in momentum before they appear in price.
Key Features
Automatically detects and draws trendlines on the RSI indicator
Identifies significant pivot points in RSI momentum
Customizable appearance with adjustable colors and line widths
Built-in alerts for trendline breaks
How It Works
The indicator calculates the standard RSI using your preferred settings
It identifies pivot highs and lows in the RSI using the specified lookback period
Valid trendlines are drawn connecting consecutive pivots
Lines extend until they experience a confirmed break
Customization Options
RSI Parameters: Adjust length and source to your preference
Trendline Settings: Control pivot detection sensitivity and maximum lines
Visual Options: Customize colors, line widths, and optional midline display
Ideal For
Identifying established trends in momentum
Spotting potential RSI divergences early
Timing entries and exits based on momentum shifts
Confirming trend changes with objective trendline breaks
This indicator aims to help traders move beyond static overbought/oversold levels by revealing the dynamic structure of momentum trends and highlighting potential reversals and continuations.
Please don't use this as a buy and sell indicator. Use it to get an idea on the market trend and as an extra confirmation for your trades. Happy Trading :)
FiveFactorEdgeUses ATR14, TSI, RSI, Fast Stochastic and Slow Stochastic information to determine potential high and low price, trend strength and direction. The information ia easy to read, self-descriptive and color coded for quick reference. Since it incorporates 5 different elements it could be used by itself but as with any indicator it's highly recommended to use it with other tried and true indicators.
OG Trend MeterDescription:
The OG Trend Meter gives you a visual snapshot of multiple timeframe trends in one glance. Built for speed and clarity, it helps confirm direction across key intraday timeframes: 1m, 5m, 15m, and 30m.
How it works:
Each timeframe analyzes EMA alignment, price action, and momentum.
Displays clear green/red indicators for bullish/bearish trends on each timeframe.
Great for aligning trades with higher timeframe bias.
Best for:
Traders who want multi-timeframe confirmation before pulling the trigger.
Reducing fakeouts by staying with the dominant trend.
Scalping with the 1m chart while respecting 5m–30m direction.
Pair With: OG Supertrend or EMA Stack for high-probability confluence.
OG ATR RangeDescription:
The OG ATR Tool is a clean, visualized version of the Average True Range indicator for identifying volatility, stop-loss levels, and realistic price movement expectations.
How it works:
Calculates the average range (in points/pips) of recent candles.
Overlays ATR bands to help define breakout potential or squeeze zones.
Can be used to size trades or set dynamic stop-loss and target levels.
Best for:
Intraday traders who want to avoid unrealistic targets.
Volatility-based setups and breakout strategies.
Creating position sizing rules based on instrument volatility.
Pro Tip: Combine with your trend indicators to set sniper entries and exits that respect volatility.
NBSG Mox-ZThe Mox-Z provides a visual representation of momentum and trend strength, enhanced with statistical bands to identify significant levels based on prior momentum.
What It Does
The indicator calculates the Mox-Z value as (EMA12(close) - EMA26(close)) - EMA9(EMA12(close) - EMA26(close))) * 3 using the higher timeframe's closing prices. This value is plotted as a histogram, with colors indicating its position relative to zero and Z-score bands:
Bright Green: Above +0.7 SD (strong bullish momentum).
Bright Red: Below -0.7 SD (strong bearish momentum).
Dark Green: Above zero but below +0.7 SD (moderate bullish momentum).
Dark Red: Below zero but above -0.7 SD (moderate bearish momentum).
Z-score bands are computed over a 200-period lookback on the higher timeframe, using a 0.7 multiplier on the standard deviation, offering a statistical context for the histogram's values.
How to Use It
Use the histogram to gauge momentum shifts on the selected higher timeframe (e.g., weekly momentum on a daily chart).
Bright colors (green/red) suggest potential overextension or strong trend continuation, useful for timing entries or exits.
Dark colors indicate moderate momentum, often signaling consolidation or early trend development.
The ±0.7 SD bands (gray lines) highlight statistically significant levels, aiding in identifying extremes relative to the past 200 periods of the chosen timeframe.
Originality and Purpose
Unlike standard MACD histograms, this script replicates the Mox-Z Indicator's unique scaling (*3 multiplier) and applies it strictly to higher timeframe data, avoiding current timeframe bias. The addition of Z-score bands provides a statistical edge, making it distinct from typical momentum indicators while maintaining simplicity for practical trading.
Settings
Higher Timeframe: Default is "1W" (weekly), but adjust to any timeframe higher than your chart (e.g., "1D" for daily, "1M" for monthly).
This indicator is ideal for traders seeking a higher timeframe momentum perspective with clear visual cues, without relying on complex multi-indicator setups.
Momentum Volatility Ratio | AlphaNattMomentum Volatility Ratio | AlphaNatt
The Momentum Volatility Ratio (MVR) is a sophisticated indicator that measures price impulses relative to an asset's inherent volatility. Unlike standard momentum indicators, MVR adapts to changing market conditions by normalizing momentum against historical volatility patterns, helping traders identify truly significant price movements.
Key Features:
• Adapts automatically to each asset's volatility profile
• Distinguishes between normal market noise and significant impulses
• Beautiful gradient visualization with modern Quantra-inspired aesthetics
• Responsive and clear signals with minimal lag
• Customizable sensitivity and appearance settings
How It Works:
The MVR calculates normalized price momentum and adjusts it by recent volatility metrics. This volatility-adjustment ensures the indicator remains consistent across different market environments and timeframes. When price momentum exceeds what would be expected given the asset's normal volatility, the indicator shows a significant impulse that traders can act upon.
Indicator Components:
• Cyan Histogram/Background - Represents positive momentum impulses
• Magenta Histogram/Background - Represents negative momentum impulses
• Neutral Bands - Define the transition between normal and significant impulses
• Gradient Background - Provides visual context for impulse strength
• Smooth Histogram - Shows the main impulse signal with a beautiful glow effect
Trading Signals:
1. Strong Positive Impulse - When cyan histogram bars grow significantly above the zero line
2. Strong Negative Impulse - When magenta histogram bars extend significantly below the zero line
3. Impulse Weakening - When histogram bars begin to shrink toward the zero line
4. Momentum Shift - When the histogram changes color, indicating a potential trend change
Customizable Parameters:
• Length - Base calculation period for momentum (default: 6)
• Volatility Lookback - Historical period for volatility calculation (default: 100)
• Neutral Bands Length - Smoothing period for neutral bands (default: 15)
• Neutral Bands Multiplier - Controls width of neutral bands (default: 0.5)
• Standard Deviation Lookback - Period for standard deviation calculation (default: 150)
• Standard Deviation Multiplier - Controls sensitivity of extreme bands (default: 2.5)
• Style - Choose between Classic, Modern, and Signal visualization modes
Best Practices:
• Use MVR alongside price action for confirmation
• Watch for extreme readings followed by momentum shifts
• Pay attention to divergences between price and MVR
• Consider longer-term trends when interpreting signals
• Use shorter settings for more frequent signals, longer settings for less noise
About the Opus Series:
The MVR indicator is part of the Opus series of premium-quality technical indicators designed with both functional excellence and aesthetic beauty. Opus indicators feature smooth gradients, crisp visualization, and powerful analytical capabilities to enhance your trading experience.
For questions, feedback, or custom indicator requests, please feel free to leave a comment or contact me directly.
Happy Trading!
Not financial Advice
IDX - 5UPThe UDX-5UP is a custom indicator designed to assist traders in identifying trends, entry and exit signals, and market reversal moments with greater accuracy. It combines price analysis, volume, and momentum (RSI) to provide clear buy ("Buy") and sell ("Sell") signals across any asset and timeframe, whether you're a scalper on the 5M chart or a swing trader on the 4H chart. Inspired by robust technical analysis strategies, the UDX-5UP is ideal for traders seeking a reliable tool to operate in volatile markets such as cryptocurrencies, forex, stocks, and futures.
Components of the UDX-5UP
The UDX-5UP consists of three main panels that work together to provide a comprehensive view of the market:
Main Panel (Price):
Pivot Supertrend: A dynamic line that changes color to indicate the trend. Green for an uptrend (look for buys), red for a downtrend (look for sells).
SMAs (Simple Moving Averages): Two SMAs (8 and 21 periods) to confirm the trend direction. When the SMA 8 crosses above the SMA 21, it’s a bullish signal; when it crosses below, it’s a bearish signal.
Entry/Exit Signals: "Buy" (green) and "Sell" (red) labels are plotted on the chart when entry or exit conditions are met.
Volume Panel:
Colored Volume Bars: Green bars indicate dominant buying volume, while red bars indicate dominant selling volume.
Volume Moving Average (MA 20): A blue line that helps identify whether the current volume is above or below the average, confirming the strength of the movement.
RSI Panel:
RSI (Relative Strength Index): Calculated with a period of 14, with overbought (70) and oversold (30) lines to identify momentum extremes.
Divergences: The indicator detects divergences between the RSI and price, plotting signals for potential reversals.
How the UDX-5UP Works
The UDX-5UP uses a combination of rules to generate buy and sell signals:
Buy Signal ("Buy"):
The Pivot Supertrend changes from red to green.
The SMA 8 crosses above the SMA 21.
The volume is above the MA 20, with green bars (indicating buying pressure).
The RSI is rising and, ideally, below 70 (not overbought).
Example: On the 4H chart, the price of Tether (USDT) is at 0.05515. The Pivot Supertrend turns green, the SMA 8 crosses above the SMA 21, the volume shows green bars above the MA 20, and the RSI is at 46. The UDX-5UP plots a "Buy".
Sell Signal ("Sell"):
The Pivot Supertrend changes from green to red.
The SMA 8 crosses below the SMA 21.
The volume is above the MA 20, with red bars (indicating selling pressure).
The RSI is falling and, ideally, above 70 (overbought).
Example: On the 4H chart, the price of Tether rises to 0.05817. The Pivot Supertrend turns red, the SMA 8 crosses below the SMA 21, the volume shows red bars, and the RSI is above 70. The UDX-5UP plots a "Sell".
RSI Divergences:
The indicator identifies bullish divergences (price makes a lower low, but RSI makes a higher low) and bearish divergences (price makes a higher high, but RSI makes a lower high), plotting alerts for potential reversals.
Adjustable Settings
The UDX-5UP is highly customizable to suit your trading style:
Pivot Supertrend Period: Default is 2. Increase to 3 or 4 for more conservative signals (fewer false positives, but more lag).
SMA Periods: Default is 8 and 21. Adjust to 5 and 13 for smaller timeframes (e.g., 5M) or 13 and 34 for larger timeframes (e.g., 1D).
RSI Period: Default is 14. Reduce to 10 for greater sensitivity or increase to 20 for smoother signals.
Overbought/Oversold Levels: Default is 70/30. Adjust to 80/20 in volatile markets.
Display Panels: You can enable/disable the volume and RSI panels to simplify the chart.
How to Use the UDX-5UP
Identify the Trend:
Use the Pivot Supertrend and SMAs to determine the market direction. Uptrend: look for buys. Downtrend: look for sells.
Confirm with Volume and RSI:
For buys: Volume above the MA 20 with green bars, RSI rising and below 70.
For sells: Volume above the MA 20 with red bars, RSI falling and above 70.
Enter the Trade:
Enter a buy when the UDX-5UP plots a "Buy" and all conditions are aligned.
Enter a sell when the UDX-5UP plots a "Sell" and all conditions are aligned.
Plan the Exit:
Use Fibonacci levels or support/resistance on the price chart to set targets.
Exit the trade when the UDX-5UP plots an opposite signal ("Sell" after a buy, "Buy" after a sell).
Tips for Beginners
Start with Larger Timeframes: Use the 4H or 1D chart for more reliable signals and less noise.
Combine with Other Indicators: Use the UDX-5UP with tools like Fibonacci or the Candles RSI (another powerful indicator) to confirm signals.
Practice in Demo Mode: Test the indicator in a demo account before using real money.
Manage Risk: Always use a stop-loss and don’t risk more than 1-2% of your capital per trade.
Why Use the UDX-5UP?
Simplicity: Clear "Buy" and "Sell" signals make trading accessible even for beginners.
Versatility: Works on any asset (crypto, forex, stocks) and timeframe.
Multiple Confirmations: Combines price, volume, and momentum to reduce false signals.
Customizable: Adjust the settings to match your trading style.
Author’s Notes
The UDX-5UP was developed based on years of trading and technical analysis experience. It is an evolution of tested strategies, designed to help traders navigate volatile markets with confidence. However, no indicator is infallible. Always combine the UDX-5UP with proper risk management and fundamental analysis, especially in unpredictable markets. Feedback is welcome – leave a comment or reach out with suggestions for improvements!
[blackcat] L2 Gradient RSIVWAPOVERVIEW
The L2 Gradient RSIVWAP indicator offers traders a powerful tool for assessing market conditions by combining Relative Strength Index (RSI) with Volume Weighted Average Price (VWAP). It features dynamic coloring and clear buy/sell signals to enhance decision-making.
Customizable Inputs: Adjust key parameters such as RSI-VWAP length, oversold/overbought levels, and smoothing period.
Gradient Color Visualization: Provides intuitive gradient coloring to represent RSI-VWAP values.
Buy/Sell Indicators: On-chart labels highlight potential buying and selling opportunities.
Transparent Fills: Visually distinguishes overbought and oversold zones without obscuring other data.
Access the TradingView platform and select the chart where you wish to implement the indicator.
Go to “Indicators” in the toolbar and search for “ L2 Gradient RSIVWAP.”
Click “Add to Chart” to integrate the indicator into your chart.
Customize settings via the input options:
Toggle between standard RSI and RSI-based VWAP.
Set preferred lengths and thresholds for RSI-VWAP calculations.
Configure the smoothing period for ALMA.
Performance can vary based on asset characteristics like liquidity and volatility.
Historical backtests do not predict future market behavior accurately.
The ALMA function, developed by Arnaud Legoux, enhances response times relative to simple moving averages.
Buy and sell signals are derived from RSI-VWAP crossovers; consider additional factors before making trades.
Special thanks to Arnaud Legoux for creating the ALMA function.
Power Struggle [GOODY]📊 Power Struggle – Gauge the Battle Between Bulls & Bears
"Power Struggle " is an advanced, multi-layered market strength and momentum analysis tool. It combines the classic Elder Impulse System and Elder-Ray Power Columns with modern enhancements like visual gauges, momentum shift alerts, and volume-based divergence detection — all in one clean and intuitive interface.
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🧠 What This Indicator Shows You:
✅ Bull vs Bear Power Columns
• Visualize who’s in control with clean columns showing Bull and Bear dominance.
• Fully integrated with EMA-based Impulse logic to detect trend conviction.
✅ Buy/Sell Signal Labels & Alerts
• Trend-following signals based on dynamic power thresholds.
• Green = Bull Confirmed | Red = Bear Confirmed
• Alerts included for all signal and divergence conditions.
✅ Dynamic Volume Gauge (Horizontal or Vertical)
• A powerful gauge showing real-time buyer/seller strength.
• Includes divergence detection when volume and price disagree, often a warning sign.
• 🔄 Fully customizable layout, position, flip, rotation, and gradient styling.
✅ Active Column Gauge
• Tracks real-time momentum shifts within each candle.
• Highlights power shifts with emoji markers (🐂/🐻), and calculates where price closes within each candle's range.
✅ Volume-in-Candle Labels (Optional)
• See raw Buy vs Sell volume numbers inside the candles.
• Easily spot if price moves are supported by actual volume.
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⚙️ Customizable Settings
• 🎚️ Set thresholds for signal strictness
• 🔔 Use built-in alerts for:
o Bullish/Bearish Impulse
o Bull/Bear Power Thresholds
o Bullish/Bearish Divergences
o Momentum Shifts
