MT-Trend Zone IdentifierTrend Zone Identifier – A Dynamic Market Trend Mapping Tool
Overview
The Trend Zone Identifier is an advanced TradingView indicator that helps traders visualize different market trend phases. By leveraging Pivot Points, Moving Averages (MA), ADX (Average Directional Index), and Retest Confirmation, this tool identifies uptrend, downtrend, and ranging (sideways) conditions dynamically.
This indicator is designed to segment the market into clear trend zones, allowing traders to distinguish between confirmed trends, trend transitions (pending zones), and ranging markets. It provides an intuitive visual overlay to enhance market structure analysis and assist in decision-making.
Key Features
✔ Trend Zone Identification – Classifies price action into Uptrend (Green), Downtrend (Red), Pending Confirmation (Light Colors), and Sideways Market (Gray/Neutral)
✔ Pivot-Based Breakout & Breakdown Detection – Uses pivot highs/lows to determine trend shifts
✔ Moving Average & ADX Validation – Ensures the trend is backed by MA structure and ADX trend strength
✔ Pullback Confirmation – Allows trend confirmation based on price retesting key levels
✔ Extreme Volatility & Gaps Filtering – Optional ATR-based extreme movement filtering to avoid false signals
✔ Multi-Timeframe Support – Option to integrate higher timeframe trend validation
✔ Customizable Sensitivity – Fine-tune MA smoothing, ADX thresholds, pivot detection, and pullback range
How It Works
1. Trend Classification
• Uptrend (Green): Price is above a key MA, ADX confirms strength, and a pivot breakout occurs
• Downtrend (Red): Price is below a key MA, ADX confirms strength, and a pivot breakdown occurs
• Pending Trend (Light Colors): Initial trend breakout or breakdown is detected but requires further confirmation
• Sideways/Ranging (Gray): ADX signals a weak trend, and price remains within a neutral zone
2. Retest & Confirmation Logic
• A trend is only confirmed after a breakout or breakdown followed by a successful retest
• If the market fails the retest, the indicator resets to a neutral state
3. Custom Filters for Optimization
• Enable or disable volume filtering for confirmation
• Adjust pivot sensitivity to detect major or minor swing points
• Choose to require consecutive bars confirming the breakout/breakdown
Ideal Use Cases
🔹 Swing traders who want to capture trend transitions early
🔹 Trend-following traders who rely on confirmed market cycles
🔹 Range traders looking to identify sideways market zones
🔹 Algorithmic traders who need clean trend segmentation for automated strategies
Final Thoughts
The Trend Zone Identifier is a versatile market structure indicator that helps traders define trend cycles visually and avoid trading against weak trends. By providing clear breakout, breakdown, and retest conditions, it enhances market clarity and reduces decision-making errors.
➡ Add this to your TradingView workspace and start analyzing market trends like a pro! 🚀
ค้นหาในสคริปต์สำหรับ "adx"
MTF Signal XpertMTF Signal Xpert – Detailed Description
Overview:
MTF Signal Xpert is a proprietary, open‑source trading signal indicator that fuses multiple technical analysis methods into one cohesive strategy. Developed after rigorous backtesting and extensive research, this advanced tool is designed to deliver clear BUY and SELL signals by analyzing trend, momentum, and volatility across various timeframes. Its integrated approach not only enhances signal reliability but also incorporates dynamic risk management, helping traders protect their capital while navigating complex market conditions.
Detailed Explanation of How It Works:
Trend Detection via Moving Averages
Dual Moving Averages:
MTF Signal Xpert computes two moving averages—a fast MA and a slow MA—with the flexibility to choose from Simple (SMA), Exponential (EMA), or Hull (HMA) methods. This dual-MA system helps identify the prevailing market trend by contrasting short-term momentum with longer-term trends.
Crossover Logic:
A BUY signal is initiated when the fast MA crosses above the slow MA, coupled with the condition that the current price is above the lower Bollinger Band. This suggests that the market may be emerging from a lower price region. Conversely, a SELL signal is generated when the fast MA crosses below the slow MA and the price is below the upper Bollinger Band, indicating potential bearish pressure.
Recent Crossover Confirmation:
To ensure that signals reflect current market dynamics, the script tracks the number of bars since the moving average crossover event. Only crossovers that occur within a user-defined “candle confirmation” period are considered, which helps filter out outdated signals and improves overall signal accuracy.
Volatility and Price Extremes with Bollinger Bands
Calculation of Bands:
Bollinger Bands are calculated using a 20‑period simple moving average as the central basis, with the upper and lower bands derived from a standard deviation multiplier. This creates dynamic boundaries that adjust according to recent market volatility.
Signal Reinforcement:
For BUY signals, the condition that the price is above the lower Bollinger Band suggests an undervalued market condition, while for SELL signals, the price falling below the upper Bollinger Band reinforces the bearish bias. This volatility context adds depth to the moving average crossover signals.
Momentum Confirmation Using Multiple Oscillators
RSI (Relative Strength Index):
The RSI is computed over 14 periods to determine if the market is in an overbought or oversold state. Only readings within an optimal range (defined by user inputs) validate the signal, ensuring that entries are made during balanced conditions.
MACD (Moving Average Convergence Divergence):
The MACD line is compared with its signal line to assess momentum. A bullish scenario is confirmed when the MACD line is above the signal line, while a bearish scenario is indicated when it is below, thus adding another layer of confirmation.
Awesome Oscillator (AO):
The AO measures the difference between short-term and long-term simple moving averages of the median price. Positive AO values support BUY signals, while negative values back SELL signals, offering additional momentum insight.
ADX (Average Directional Index):
The ADX quantifies trend strength. MTF Signal Xpert only considers signals when the ADX value exceeds a specified threshold, ensuring that trades are taken in strongly trending markets.
Optional Stochastic Oscillator:
An optional stochastic oscillator filter can be enabled to further refine signals. It checks for overbought conditions (supporting SELL signals) or oversold conditions (supporting BUY signals), thus reducing ambiguity.
Multi-Timeframe Verification
Higher Timeframe Filter:
To align short-term signals with broader market trends, the script calculates an EMA on a higher timeframe as specified by the user. This multi-timeframe approach helps ensure that signals on the primary chart are consistent with the overall trend, thereby reducing false signals.
Dynamic Risk Management with ATR
ATR-Based Calculations:
The Average True Range (ATR) is used to measure current market volatility. This value is multiplied by a user-defined factor to dynamically determine stop loss (SL) and take profit (TP) levels, adapting to changing market conditions.
Visual SL/TP Markers:
The calculated SL and TP levels are plotted on the chart as distinct colored dots, enabling traders to quickly identify recommended exit points.
Optional Trailing Stop:
An optional trailing stop feature is available, which adjusts the stop loss as the trade moves favorably, helping to lock in profits while protecting against sudden reversals.
Risk/Reward Ratio Calculation:
MTF Signal Xpert computes a risk/reward ratio based on the dynamic SL and TP levels. This quantitative measure allows traders to assess whether the potential reward justifies the risk associated with a trade.
Condition Weighting and Signal Scoring
Binary Condition Checks:
Each technical condition—ranging from moving average crossovers, Bollinger Band positioning, and RSI range to MACD, AO, ADX, and volume filters—is assigned a binary score (1 if met, 0 if not).
Cumulative Scoring:
These individual scores are summed to generate cumulative bullish and bearish scores, quantifying the overall strength of the signal and providing traders with an objective measure of its viability.
Detailed Signal Explanation:
A comprehensive explanation string is generated, outlining which conditions contributed to the current BUY or SELL signal. This explanation is displayed on an on‑chart dashboard, offering transparency and clarity into the signal generation process.
On-Chart Visualizations and Debug Information
Chart Elements:
The indicator plots all key components—moving averages, Bollinger Bands, SL and TP markers—directly on the chart, providing a clear visual framework for understanding market conditions.
Combined Dashboard:
A dedicated dashboard displays key metrics such as RSI, ADX, and the bullish/bearish scores, alongside a detailed explanation of the current signal. This consolidated view allows traders to quickly grasp the underlying logic.
Debug Table (Optional):
For advanced users, an optional debug table is available. This table breaks down each individual condition, indicating which criteria were met or not met, thus aiding in further analysis and strategy refinement.
Mashup Justification and Originality
MTF Signal Xpert is more than just an aggregation of existing indicators—it is an original synthesis designed to address real-world trading complexities. Here’s how its components work together:
Integrated Trend, Volatility, and Momentum Analysis:
By combining moving averages, Bollinger Bands, and multiple oscillators (RSI, MACD, AO, ADX, and an optional stochastic), the indicator captures diverse market dynamics. Each component reinforces the others, reducing noise and filtering out false signals.
Multi-Timeframe Analysis:
The inclusion of a higher timeframe filter aligns short-term signals with longer-term trends, enhancing overall reliability and reducing the potential for contradictory signals.
Adaptive Risk Management:
Dynamic stop loss and take profit levels, determined using ATR, ensure that the risk management strategy adapts to current market conditions. The optional trailing stop further refines this approach, protecting profits as the market evolves.
Quantitative Signal Scoring:
The condition weighting system provides an objective measure of signal strength, giving traders clear insight into how each technical component contributes to the final decision.
How to Use MTF Signal Xpert:
Input Customization:
Adjust the moving average type and period settings, ATR multipliers, and oscillator thresholds to align with your trading style and the specific market conditions.
Enable or disable the optional stochastic oscillator and trailing stop based on your preference.
Interpreting the Signals:
When a BUY or SELL signal appears, refer to the on‑chart dashboard, which displays key metrics (e.g., RSI, ADX, bullish/bearish scores) along with a detailed breakdown of the conditions that triggered the signal.
Review the SL and TP markers on the chart to understand the associated risk/reward setup.
Risk Management:
Use the dynamically calculated stop loss and take profit levels as guidelines for setting your exit points.
Evaluate the provided risk/reward ratio to ensure that the potential reward justifies the risk before entering a trade.
Debugging and Verification:
Advanced users can enable the debug table to see a condition-by-condition breakdown of the signal generation process, helping refine the strategy and deepen understanding of market dynamics.
Disclaimer:
MTF Signal Xpert is intended for educational and analytical purposes only. Although it is based on robust technical analysis methods and has undergone extensive backtesting, past performance is not indicative of future results. Traders should employ proper risk management and adjust the settings to suit their financial circumstances and risk tolerance.
MTF Signal Xpert represents a comprehensive, original approach to trading signal generation. By blending trend detection, volatility assessment, momentum analysis, multi-timeframe alignment, and adaptive risk management into one integrated system, it provides traders with actionable signals and the transparency needed to understand the logic behind them.
Eze Profit Range Detection FilterThe Range Detection Filter is a technical analysis tool designed to help traders identify range-bound market conditions and focus on breakout opportunities. It combines the ATR (Average True Range) for volatility analysis and the ADX (Average Directional Index) for trend strength evaluation to highlight consolidation phases and alert traders when the market is ready to break out.
This indicator provides visual cues and customizable alerts, making it suitable for traders looking to avoid false signals during choppy markets and capitalize on trending moves following a breakout.
What Makes It Unique?
ATR for Volatility:
Measures market volatility by comparing ATR with its moving average.
Consolidation phases are flagged when ATR remains below its moving average for a sustained period.
ADX for Trend Strength:
Monitors trend strength, confirming range-bound conditions when ADX falls below a user-defined threshold (default: 20).
Combines with ATR to ensure accurate detection of trendless periods.
Breakout Alerts:
Notifies traders of breakout opportunities when the price moves outside the highest high or lowest low of the range.
How It Works:
Range Detection:
The market is considered "in range" when:
ATR is below its moving average, indicating low volatility.
ADX is below the threshold, confirming a lack of trend strength.
Visual Indication:
A yellow background highlights range-bound conditions, allowing traders to avoid low-probability trades.
Breakout Detection:
Alerts are triggered for breakouts above or below the range to help traders identify potential opportunities.
Features:
Range Highlighting:
Automatically detects and highlights range-bound markets using a yellow background.
Breakout Alerts:
Sends alerts for breakouts above or below the range once the market exits consolidation.
Customizable Inputs:
ATR length, moving average length, and ADX parameters are fully adjustable to adapt to various trading styles and asset classes.
Multi-Timeframe Compatibility:
Suitable for all markets and timeframes, including stocks, forex, and cryptocurrencies.
How to Use:
Identify Ranges:
Avoid trading when the yellow background appears, signaling a range-bound market.
Focus on Breakouts:
Look for alerts indicating breakouts above or below the range for potential trending opportunities.
Combine with Other Indicators:
Use volume analysis, momentum oscillators, or candlestick patterns to confirm breakout signals.
Credits:
This script utilizes widely accepted methodologies for ATR and ADX calculations. ADX is calculated manually using directional movement (+DI and -DI) for precise trend detection. The concept has been adapted and enhanced to create this comprehensive range-detection tool.
Notes:
This indicator is intended for educational purposes and should not be used as standalone financial advice.
Always incorporate this tool into a broader trading strategy for optimal results.
Post-Open Long Strategy with ATR-based Stop Loss and Take ProfitThe "Post-Open Long Strategy with ATR-Based Stop Loss and Take Profit" is designed to identify buying opportunities after the German and US markets open. It combines various technical indicators to filter entry signals, focusing on breakout moments following price lateralization periods.
Key Components and Their Interaction:
Bollinger Bands (BB):
Description: Uses BB with a 14-period length and standard deviation multiplier of 1.5, creating narrower bands for lower timeframes.
Role in the Strategy: Identifies low volatility phases (lateralization). The lateralization condition is met when the price is near the simple moving average of the BB, suggesting an imminent increase in volatility.
Exponential Moving Averages (EMA):
10-period EMA: Quickly detects short-term trend direction.
200-period EMA: Filters long-term trends, ensuring entries occur in a bullish market.
Interaction: Positions are entered only if the price is above both EMAs, indicating a consolidated positive trend.
Relative Strength Index (RSI):
Description: 7-period RSI with a threshold above 30.
Role in the Strategy: Confirms the market is not oversold, supporting the validity of the buy signal.
Average Directional Index (ADX):
Description: 7-period ADX with 7-period smoothing and a threshold above 10.
Role in the Strategy: Assesses trend strength. An ADX above 10 indicates sufficient momentum to justify entry.
Average True Range (ATR) for Dynamic Stop Loss and Take Profit:
Description: 14-period ATR with multipliers of 2.0 for Stop Loss and 4.0 for Take Profit.
Role in the Strategy: Adjusts exit levels based on current volatility, enhancing risk management.
Resistance Identification and Breakout:
Description: Analyzes the highs of the last 20 candles to identify resistance levels with at least two touches.
Role in the Strategy: A breakout above this level signals a potential continuation of the bullish trend.
Time Filters and Market Conditions:
Trading Hours: Operates only during the opening of the German market (8:00 - 12:00) and US market (15:30 - 19:00).
Panic Candle: The current candle must close negative, leveraging potential emotional reactions in the market.
Avoiding Entry During Pullbacks:
Description: Checks that the two previous candles are not both bearish.
Role in the Strategy: Avoids entering during a potential pullback, improving trade success probability.
Post-Open Long Strategy with ATR-Based Stop Loss and Take Profit
The "Post-Open Long Strategy with ATR-Based Stop Loss and Take Profit" is designed to identify buying opportunities after the German and US markets open. It combines various technical indicators to filter entry signals, focusing on breakout moments following price lateralization periods.
Key Components and Their Interaction:
Bollinger Bands (BB):
Description: Uses BB with a 14-period length and standard deviation multiplier of 1.5, creating narrower bands for lower timeframes.
Role in the Strategy: Identifies low volatility phases (lateralization). The lateralization condition is met when the price is near the simple moving average of the BB, suggesting an imminent increase in volatility.
Exponential Moving Averages (EMA):
10-period EMA: Quickly detects short-term trend direction.
200-period EMA: Filters long-term trends, ensuring entries occur in a bullish market.
Interaction: Positions are entered only if the price is above both EMAs, indicating a consolidated positive trend.
Relative Strength Index (RSI):
Description: 7-period RSI with a threshold above 30.
Role in the Strategy: Confirms the market is not oversold, supporting the validity of the buy signal.
Average Directional Index (ADX):
Description: 7-period ADX with 7-period smoothing and a threshold above 10.
Role in the Strategy: Assesses trend strength. An ADX above 10 indicates sufficient momentum to justify entry.
Average True Range (ATR) for Dynamic Stop Loss and Take Profit:
Description: 14-period ATR with multipliers of 2.0 for Stop Loss and 4.0 for Take Profit.
Role in the Strategy: Adjusts exit levels based on current volatility, enhancing risk management.
Resistance Identification and Breakout:
Description: Analyzes the highs of the last 20 candles to identify resistance levels with at least two touches.
Role in the Strategy: A breakout above this level signals a potential continuation of the bullish trend.
Time Filters and Market Conditions:
Trading Hours: Operates only during the opening of the German market (8:00 - 12:00) and US market (15:30 - 19:00).
Panic Candle: The current candle must close negative, leveraging potential emotional reactions in the market.
Avoiding Entry During Pullbacks:
Description: Checks that the two previous candles are not both bearish.
Role in the Strategy: Avoids entering during a potential pullback, improving trade success probability.
Entry and Exit Conditions:
Long Entry:
The price breaks above the identified resistance.
The market is in a lateralization phase with low volatility.
The price is above the 10 and 200-period EMAs.
RSI is above 30, and ADX is above 10.
No short-term downtrend is detected.
The last two candles are not both bearish.
The current candle is a "panic candle" (negative close).
Order Execution: The order is executed at the close of the candle that meets all conditions.
Exit from Position:
Dynamic Stop Loss: Set at 2 times the ATR below the entry price.
Dynamic Take Profit: Set at 4 times the ATR above the entry price.
The position is automatically closed upon reaching the Stop Loss or Take Profit.
How to Use the Strategy:
Application on Volatile Instruments:
Ideal for financial instruments that show significant volatility during the target market opening hours, such as indices or major forex pairs.
Recommended Timeframes:
Intraday timeframes, such as 5 or 15 minutes, to capture significant post-open moves.
Parameter Customization:
The default parameters are optimized but can be adjusted based on individual preferences and the instrument analyzed.
Backtesting and Optimization:
Backtesting is recommended to evaluate performance and make adjustments if necessary.
Risk Management:
Ensure position sizing respects risk management rules, avoiding risking more than 1-2% of capital per trade.
Originality and Benefits of the Strategy:
Unique Combination of Indicators: Integrates various technical metrics to filter signals, reducing false positives.
Volatility Adaptability: The use of ATR for Stop Loss and Take Profit allows the strategy to adapt to real-time market conditions.
Focus on Post-Lateralization Breakout: Aims to capitalize on significant moves following consolidation periods, often associated with strong directional trends.
Important Notes:
Commissions and Slippage: Include commissions and slippage in settings for more realistic simulations.
Capital Size: Use a realistic trading capital for the average user.
Number of Trades: Ensure backtesting covers a sufficient number of trades to validate the strategy (ideally more than 100 trades).
Warning: Past results do not guarantee future performance. The strategy should be used as part of a comprehensive trading approach.
With this strategy, traders can identify and exploit specific market opportunities supported by a robust set of technical indicators and filters, potentially enhancing their trading decisions during key times of the day.
TASC 2024.08 Volume Confirmation For A Trend System█ OVERVIEW
This script demonstrates the use of volume data to validate price movements based on the techniques Buff Pelz Dormeier discusses in his "Volume Confirmation For A Trend System" article from the August 2024 edition of TASC's Traders' Tips . It presents a trend-following system implementation that utilizes a combination of three indicators: the Average Directional Index (ADX), the Trend Thrust Indicator (TTI), and the Volume Price Confirmation Indicator (VPCI).
█ CONCEPTS
In his article, Buff Pelz Dormeier recounts his search for an optimal trend-following strategy enhanced with volume data, starting with a simple system combining the ADX , MACD , and OBV indicators. Even in these early tests, the author observed that the volume confirmation from OBV notably improved trading performance. Subsequently, the author replaced OBV with his VPCI, which considers the proportional weights of volume and price, to enhance the validation of trend momentum. Lastly, the author explored the inclusion of his TTI, a modified MACD that features volume-based enhancements, as a strategy component for improved trend-following performance.
According to the author's research, the ADX+TTI+VPCI system outperformed similar strategies he tested in the article, yielding significantly higher returns and enhanced perceived reliability. Because the system's design revolves around catching pronounced trends, it performs best with a portfolio of individual stocks. The author applies the system in the article by allocating 5% of the equity to long positions in S&P 500 components that meet the ADX+TTI+VPCI entry criteria (see the Calculations section below for details). He uses the proceeds from closing positions to enter new positions in other stocks meeting the screening criteria, holding any excess proceeds in cash.
█ CALCULATIONS
The TTI is similar to the MACD. Its calculation entails the following steps:
Calculate fast (short-term) and slow (long-term) volume-weighted moving averages (VWMAs).
Compute the volume multiple (VM) as the square of the ratio of the fast VWMA to the slow VWMA.
Adjust these averages by multiplying the fast VWMA by the VM and dividing the slow VWMA by the VM.
Calculate the difference between the adjusted VWMAs to determine the TTI value, and take the average of that series to determine the signal line value.
The VPCI utilizes differences and ratios between VWMAs and corresponding simple moving averages (SMAs) to provide an alternative volume-price confirmation tool. Its calculation is as follows:
Subtract the slow SMA from the VWMA of the same length to calculate the volume-price confirmation/contradiction (VPC) value.
Divide the fast VWMA by the corresponding fast SMA to determine the volume-price ratio (VPR).
Divide the short-term VWMA by the long-term VWMA to calculate the VM.
Compute the VPCI as the product of the VPC, VPR, and VM values.
The long entry criteria of the ADX+TTI+VPCI system are as follows:
The ADX is above 30.
The TTI crosses above its signal line.
The VPCI is above 0, confirming the trend.
Signals to close positions occur when the VPCI is below 0, indicating a contradiction .
NOTE: Unlike in the article, this script applies the ADX+TTI+VPCI system to one stock at a time , not a portfolio of S&P 500 constituents.
█ DISCLAIMER
This strategy script educates users on the trading system outlined by the TASC article. By default, it uses 10% of equity as the order size and a slippage amount of 5 ticks. Traders should adjust these settings and the commission amount when using this script.
StableF-MainIt is combination of Built in Super trend and Adx with take profit
uptrend is considered when +dmi is above -dmi and +dmi is above 25 and adx is above 25 and supertrend gives Buy
downtrend is considered when -dmi is above +dmi and -dmi is above 25 and adx is above 25 and supertrend give sell
use fibo for target by taking as previous swing high and swing low
-supertrend crossover is referred as buy plotshape
-supertrend cross under is referred as Sell plotshape
-keep stoploss at dot line of supertrend
-adx-dmi crossover (+dmi crossed above -dmi) is shown by Triangle Up symbol
-adx-dmi crossunder( -dmi crosses below +dmi) is shown by Triangle down symbol
--Cross symbol with blue line with linewidth 2 is referred as Take profit
--combine this with adx -dmi setting with 7 and 14
----disclaimer-----
used free built in supertrend and adx so u can use same setting in other broker or in trading view
not responsible for any loss or gain
-only for educational purpose
Strength Momentum IndicatorThis indicator is a fork of . It takes it a step further by including RSI and ADX information, which are represented in this indicator as follows:
MOM: The histogram itself is a linear regression curve, by default for the study period the Fibonacci series and exponential moving average were used. You can adjust the settings to your liking.
RSI: Whenever the RSI is outside the normal ranges (which you can adjust in the settings), the bar in the histogram will turn amber to warn you.
ADX: Crosses are drawn along the 0 line to indicate the ADX . Blue means that the ADX is below the trend level (adjustable in the settings), and orange means that it is above that level. Darker colors indicate that the ADX has risen from the previous bar, while lighter colors indicate that it has fallen.
Almost all of the normally adjustable values can be adjusted in the settings for each of the base indicators. Also adjustable:
The RSI alert levels (30 and 70 by default).
The ADX crossover, i.e. the point at which the ADX value is considered to indicate a strong trend (25 by default).
All colors, naturally.
DMI Swings (by Coinrule)The Directional Movement Index is a handy indicator that helps catch the direction in which the price of an asset is moving. It compares the prior highs and lows to draw three lines:
Positive directional line (+DI)
Negative directional line (-DI)
Average direction index (ADX)
DMI is simple to interpret. When +DI > - DI, it means the price is trending up. On the other hand, when -DI > +DI, the trend is weak or moving on the downside.
The ADX does not give an indication about the direction but about the strength of the trend.
Typically values of ADX above 25 mean that the trend is steeply moving up or down, based on the -DI and +D positioning. This script aims to capture swings in the DMI, and thus, in the trend of the asset, using a contrarian approach.
ENTRY
-DI is greater than +DI
ADX is greater than 45
EXIT
+DI is greater than -DI
ADX is greater than 45
Trading on high values of ADX, the strategy tries to spot extremely oversold and overbought conditions. Values of ADX above 45 may suggest that the trend has overextended and is may be about to reverse.
Our backtests suggest that this script performs well for very short-term scalping strategies on low time frames, such as the 1-minute.
The script considers a 0.1% trading fee to make results more realistic to those you can expect from live market conditions. So realistically, live results should be similar to backtested results.
You can plug this script directly into your crypto exchange using TradingView Signals on Coinrule.
Trade Safely!
LB Squeeze Momentum DivergencesThis study tries to highlight LazyBear Squeeze Momentum divergences
as they are defined by
TradingLatino TradingView user
Squeeze momentum green peaks are connected by a line
Associated prices to these green peaks are also connected
If both lines have a different slope orientation
then there is a divergence.
It only shows two last divergence lines and angles.
The original chart screenshot shows some divergence lines
on the top or main chart
these were drawn manually
because you cannot write to two different charts
from the same pine script study (Well, not in August 2020 anyways)
It's aimed at BTCUSDT pair and 4h timeframe.
HOW IT WORKS
Simple geometric mathematics are used
to calculate the two lines degrees
Then both degrees are compared
to show if both lines agree ( // or \\ )
or if they disagree ( /\ or \/ )
SETTINGS
(SQZDiver) Show degrees : Show degrees of each Squeeze Momentum Divergence
lines to the x-axis.
(SQZDiver) Show desviation labels : Whether to show
or not desviation labels for the Squeeze Momentum Divergences.
(SQZDiver) Show desviation lines : Whether to show
or not desviation lines for the Squeeze Momentum Divergences.
(ADX) Smoothing
(ADX) DI Length
(ADX) key level
(ADX) Print : Whether to show
or not scaled ADX line
(SQZMOM) BB Length
(SQZMOM) BB MultFactor
(SQZMOM) KC Length
(SQZMOM) KC MultFactor
(SQZMOM) Use TrueRange (KC)
(SQZMOM) Print : Whether to show
or not Squeeze Momentum indicator.
WARNING
Some securities and timeframes might output degrees
too next to zero.
The code might need to be tweaked to meet your needs.
USAGE
One strategy is to sell when you are in a long entry
when you find out that the price slope is upwards ( / )
while the lb smilb slope is downwards: ( \ )
E.g. You will see:
/
\
on the indicator.
Why?
Because it might signal you that the price is
going to correct downwards soon.
FEEDBACK 1
Please let me know if there is any
other strategy based on the red side of
LB Squeeze Momentum
so that I might add support for it in the future.
FEEDBACK 2
Calculating degrees in a chart
with a different x-axis scale
is a nightmare
that's why I did not a range settings
so that values next to zero are
converted into zero
and thus showing an horizontal line.
Feedback is welcome on this matter.
EXTRA 1
If you turn off showing the divergence lines
and if you turn off showing the divergence labels
you almost get what TradingLatino user uses
as its default momentum indicator.
EXTRA 2
Optionally this indicator can show you
a rescaled ADX (it only works properly on 2020 Bitcoin charts)
ABOUT COLOURS
TradingLatino user has both dark green and light green
inverted compared to this LB SQZMOM chart.
CREDITS
I have reused and adapted some code from
'Squeeze Momentum Indicator' study
which it's from TradingView LazyBear user.
I have reused and adapted some code from
'Directional Movement Index + ADX & Keylevel Support' study
which it's from TradingView console user.
Price Action Trading System v0.3 by JustUncleL with modifcationsThe base of this script is the Price Action Trading System from JustUncle .
I have first combined it with script ADX and DI by BeikabuOyaji to indicate when the +DI is above the -DI and the ADX is above 20. This is represented by crosses at the top of the page: green indicating that the +DI is above the -DI and ADX above 20, and red if -DI is above the +DI and ADX above 20. If the ADX is increasing in slope while the +DI is above the -DI, an up green arrow is shown at the bottom of the page, indicating an increase in this trend, and the slope of the ADX is increasing and the -DI is above the +DI, a down arrow is shown at the bottom. One could think to a green cross with a green up arrow as a potential buy opportunity, and a red cross with a red down arrow as a potential sell opportunity.
Next, I have combined this script with the Indicator: WaveTrend Oscillator from Lazybear . If the oscillator has readings below -45 and the slope of the line is increasing, a green diamond appears above the chart. This indicates a potential buy opportunity. If the oscillator has readings above 50 and the slope of the line is decreasing, a red diamond appears above the chart. This indicates a potential sell opportunity. Now if the slope of the oscillator is rising significantly but does not hit the -45 threshold to start its increase, but is negative in value, a green flag appears at the top of the page. This represents a potential buy opportunity. If the slope of the oscillator is significantly decreasing and is positive in value, a red flag appears at the bottom of the page. This represents a potential sell opportunity.
The base of this script, the Price Action Trading System v0.3 by JustUncle , has many of its own features that I have kept. If the MACD is positive, the background colour is green. If it is negative, the colour is red. If the CCI and RSI indicate an oversold opportunity and the MACD is positive, you get an up olive arrow below the chart. If they indicate an overbought opportunity and the MACD is negative, you get a red down arrow above the chart. If the CCI value stays oversold after a green arrow, the candle chart turns turquoise, and if overbought, turns black after a red arrow.
You can use these indicators in combination to help you with your trading strategy.
Flow Control Oscillator (FCO)Flow Control Oscillator (FCO)
The Flow Control Oscillator (FCO) is a momentum-based indicator that combines volume analysis and money flow to determine who is in control of the market—buyers or sellers—and how strong that control is. Unlike pure price-based oscillators, FCO integrates both price action and volume distribution to provide a more complete picture of market dynamics.
How It Works
Core Components:
Money Flow Index (MFI) -
Scaled to -1 to +1 range
Measures the flow of money into and out of an asset
Identifies buying and selling pressure based on price and volume
Chaikin Money Flow (CMF) -
Already in -1 to +1 range
Measures the accumulation/distribution of volume
Shows whether volume is accumulating (buying) or distributing (selling)
Combined Flow Control Line (FCO Line) -
Equal-weighted composite of MFI and CMF
Smoothed with SMA (default: 3 periods)
Values above 0 = Buyers in control
Values below 0 = Sellers in control
Signal Line -
WMA of the FCO line (default: 6 periods)
Used for timing entries and confirming momentum shifts
Momentum Histogram-
Shows the rate of change in buyer/seller control
Weighted by ADX (Average Directional Index) when enabled
Larger bars = stronger momentum
ADX weighting filters out choppy, unreliable signals
Key Zones
Neutral Zone (-0.3 to +0.3): Balanced market, low conviction
Healthy Trend Zone (±0.3 to ±0.7): Clear control without exhaustion
Warning Zone (±0.7 to ±1.0): Extended, approaching exhaustion
Extreme Zone (beyond ±1.0): Overbought/oversold, reversal likely
What To Look For
Reversal Setups:
FCO in extreme zone (beyond ±1.0)
FCO crosses Signal line in opposite direction
Momentum histogram shrinking (weakening pressure)
Interpretation: Buyers or sellers are exhausted and losing control
Trend Strength Setups:
FCO crosses zero line (control shift)
Momentum histogram growing in the same direction
ADX confirms strong trend (no orange background)
Signal line moving in same direction as FCO
Interpretation: New control being established with building momentum
Divergences:
Price makes new high/low but FCO doesn't confirm
Indicates weakening momentum despite price movement
Early warning of potential reversal
Choppy Market Warning:
Orange background (ADX < 20)
Small momentum bars regardless of FCO position
Interpretation: Weak trend, avoid trading or use tight stops
Best Practices:
Use with context: Combine with support/resistance levels (like VWAP) for confluence
Multi-timeframe confirmation: Check higher timeframe FCO for overall bias
Wait for confirmation: Let signals develop rather than predicting turns
Respect extreme zones: Best reversal opportunities occur when FCO is beyond ±1.0
Filter with ADX: Pay attention to background coloring—avoid choppy conditions
The indicator includes comprehensive alert conditions for:
Reversal setups (extreme + cross + weakening momentum)
Trend strength signals (zero cross + growing momentum + strong ADX)
FCO/Signal crossovers
Extreme overbought/oversold conditions
Control shifts (buyers/sellers taking control)
TTM Squeeze Pro - IntradayTTM Squeeze Pro – Intraday (AI MTF Edition)
Design Rationale
This indicator is built to help traders identify when markets are consolidating, when volatility is building (squeeze), and when a breakout or trend is starting — all across multiple timeframes.
The design combines three powerful ideas:
Volatility Compression & Expansion (TTM Squeeze Logic):
By comparing Bollinger Bands (BB) and Keltner Channels (KC), the indicator detects when volatility contracts (BB inside KC). These moments often precede explosive moves. White dots on the BB basis line mark these “squeeze” periods.
Trend Strength & Direction (ADX System):
The ADX (Average Directional Index) measures how strong a trend is.
ADX rising above the threshold → trending market.
ADX falling below the threshold → consolidation.
The system classifies each bar as Trending Up, Trending Down, Consolidating, or Neutral, depending on ADX and momentum direction.
Multi-Timeframe (MTF) Alignment:
The same logic is applied to several timeframes (1m, 3m, 5m, 15m, 30m, 1h).
A compact table at the top-right shows each timeframe’s trend and squeeze strength.
This helps traders see whether short-term and higher timeframes are aligned, improving trade confidence and timing.
The AI Enhancer automatically adjusts all parameters (ADX, BB, KC lengths, and thresholds) depending on the current chart timeframe, keeping signals consistent between scalping and swing trading setups.
Trend and squeeze strengths are normalized on a 1–9 scale, giving users a quick numerical sense of trend power and squeeze intensity. The design emphasizes clarity, speed, and adaptability — critical for intraday trading decisions.
How to Use
Identify a Squeeze Setup:
Look for white dots on the chart — this marks low volatility and potential energy buildup.
Wait for Breakout Confirmation:
When the white dots disappear, volatility expands.
Check the MTF table — if multiple timeframes show green (uptrend) or red (downtrend) in the “TR” column, momentum is aligning.
Enter the Trade:
Go long if breakout happens above BB basis and most timeframes show green.
Go short if breakout happens below BB basis and most timeframes show red.
Exit or Manage Position:
When new white dots appear → volatility contracting again → consider exiting or tightening stops.
If MTF colors become mixed → trend losing strength.
In Summary
The TTM Squeeze Pro – Intraday AI MTF Indicator blends volatility analysis, trend strength, momentum, and multi-timeframe alignment into one adaptive tool.
Its design aims to simplify complex market behavior into a visual, data-backed format — enabling traders to catch high-probability breakout trends early and avoid false moves during low-volatility phases.
TwinPulse Q Lead SPY x QQQ Intermarket Pulse 1HTwinPulse Q Lead is a concise one hour indicator for SPY and QQQ that converts three sources of market information into a single pulse line, a mode readout with BUY SELL WAIT, and compact alerts. It blends intermarket leadership between QQQ and SPY, intraday flow from the slope of session VWAP, and where the current price sits inside the regular trading hours range. The three components are normalized, fused, compressed to a stable range, and smoothed for clear thresholds. The aim is a readable intraday regime signal that helps you decide when to participate and when to stand aside.
The script is built with Pine v6, uses request security with lookahead off, and does not repaint. It is an indicator, not a strategy. It does not contain any solicitation, links, or outside references. The description is self contained and explains both logic and use so that any trader can understand the design without reading code.
What makes this original and useful
Intermarket leadership is measured directly from QQQ and SPY on your working timeframe using a Z score of the return spread. When growth is leading value heavy large caps, leadership turns positive. When it lags, leadership turns negative. This gives a real time read of the Nasdaq versus S and P tug of war that most day traders watch informally.
Intraday flow is taken from the slope of the session VWAP. A linear regression of VWAP over a short window captures whether value is rising or falling inside the day. Dividing by ATR normalizes slope by typical movement so that the signal is comparable across weeks.
Session position places price inside the current regular hours high to low. It answers whether the day is trading in the top half, the bottom half, or the middle. This is a simple but powerful context filter for breakouts and fades.
The three components are fused into one pulse, compressed with either hyperbolic tangent or softsign to keep values bounded, and then smoothed by a short EMA. This yields a stable range with a zero line so the eye can read shifts quickly.
The panel shows a human readable mode with reasons and a strength score. Traders who do not want to read lines can rely on a simple state and a compact justification that explains why the state is set.
This is not a mashup that simply overlays unrelated indicators. Each component was chosen to answer a distinct question that is common to SPY and QQQ intraday decision making. Leadership answers who is in charge, flow answers whether value inside the session is building or leaking, and position answers if price is pressing the extremes or circling the middle. The pulse ties the three together and prevents any single component from dominating.
How the calculations work
Leadership. Compute a short rate of change for SPY and QQQ. Subtract SPY from QQQ to get spread returns, then compute a rolling Z score over a longer window. Positive values mean QQQ is leading. Negative values mean SPY is leading.
Flow. Compute session VWAP on the active symbol. Regress VWAP over a short window to obtain a slope estimate. Divide by ATR to scale slope by current volatility so that a small rise on a quiet day is not treated the same as a small rise on a wild day.
Position. Track the highest high and lowest low since the start of regular hours. Place the current close inside that range on a zero to one scale, then recenter to a minus one to plus one scale. Positive means the top half of the day, negative means the bottom half.
Fusion. Multiply each component by a weight so users can emphasize or de emphasize leadership, flow, or position. Sum to a raw pulse.
Compression. Pass the raw pulse through a bounded function. Hyperbolic tangent is smooth and has natural saturation near the extremes. Softsign is faster and behaves like a smoother version of sign near zero. Compression avoids unbounded excursions and makes thresholds meaningful across days.
Smoothing. Apply a short EMA to the compressed pulse to reduce noise. This creates the main line called TwinPulse in the plot.
Thresholds. You can use static symmetric levels or adaptive levels. The adaptive option computes a mean and a standard deviation of the smoothed pulse over a user window, then sets upper and lower thresholds as mean plus or minus sigma times standard deviation. This allows thresholds to adjust across regimes. Static levels are still available for traders who want repeatable levels.
Events and mode. A long event fires when the smoothed pulse crosses the upper threshold with positive flow and any optional filters agree. A short event fires on the symmetric condition. The mode reads the current state rather than fire and forget. It returns BUY when the smoothed pulse is above the upper threshold with positive flow, SELL when the smoothed pulse is below the lower threshold with negative flow, otherwise WAIT. A cooldown controls how often events can fire so alerts do not spam during choppy periods.
Inputs and default values
The script ships with defaults chosen for SPY and QQQ on one hour charts.
Symbols. SPY and QQQ by default. You can switch to any pair. Many users may test IWM versus SPY for small cap reads.
Regular hours selector. On by default. This restricts the position factor to New York regular hours. Turn it off if you prefer full session behavior.
ROC length is three bars. Z score length is fifty bars. VWAP slope window is ten bars. ATR length is fourteen bars. Pulse smoothing length is three bars.
Compression mode. Choose hyperbolic tangent or softsign. Hyperbolic tangent is default.
Weights. Leadership and flow are one by default. Position is set to zero point seven to give a modest influence to where price sits inside the day.
Thresholds. Adaptive thresholds are on by default with a lookback of one hundred bars and a sigma width of zero point eight. Static levels at plus or minus zero point six are ready if you disable adaptive mode.
Filters. ADX filter is off by default. If you enable it, the script requires ADX above a user minimum before it will signal. Higher time frame confirmation is off by default. When enabled it compares the smoothed pulse on the confirm timeframe to zero and requires alignment for longs or shorts.
Cooldown. Three bars by default so that alerts do not trigger too frequently.
UI. Bar coloring is on by default. The panel is on by default and sits at the top right.
All request security calls use lookahead off and will not request future data. All persistent state variables are assigned in a way that prevents repainting. The indicator does not use non standard chart types in its logic.
How to use the indicator
Load a one hour chart of SPY or QQQ. Keep a clean chart so that the script output is easy to read.
Turn on regular hours if you want the session position to reflect the cash session. This is recommended for SPY and QQQ.
Watch the panel. Mode reads BUY or SELL or WAIT. The strength value is a simple vote based score that ranges from zero to one hundred. It counts leadership, flow, ADX if enabled, and higher time frame confirmation if enabled. You can use strength to filter weak states.
Consider action only when mode is BUY or SELL and the signal has not just fired on the last bar. The triangles mark where an event fired. Alerts use the same logic as the events. WAIT means stand aside.
To slow the system, enable ADX and set a higher minimum or enable higher time frame confirmation. To speed it up, disable the filters, disable adaptive thresholds, or tighten the sigma width.
When publishing, use a clean chart with only this indicator. Show the symbol and timeframe clearly and make sure the plot legend is visible. If you add drawings on the chart, only include ones that help readers understand the output.
Publication notes and compliance
This description is written in English. The title uses ASCII and only uses capital letters for common abbreviations. The script is original and explains how and why the components work together. There are no links or promotional material. The script does not claim performance. It does not use lookahead. The panel and alerts exist to help a human read and act with discipline. The indicator can be published as open source or as protected. If you choose protected, the description still allows readers to understand how the logic works without access to the code.
If you later convert the logic into a strategy for publication, use realistic commission and slippage, risk no more than a small share of equity per trade, and choose a dataset that yields a large enough sample. Explain any deviations from these default recommendations in your strategy description. Do not publish results from non standard chart types since they can mislead readers on signal timing.
Limitations and risks
Intermarket leadership is a relative measure. There are hours when both SPY and QQQ fall while leadership remains positive. Treat leadership as a context, not a stand alone trigger.
VWAP slope is a path measure inside the session. It can flip several times on a choppy day. That is why the script uses a short smoothing and an optional cooldown. Use ADX or higher time frame confirmation to avoid the worst chop.
Session position assumes a meaningful regular hours range. On half days or around openings with gaps the position factor can be less informative. If this bothers you, reduce the weight of position or turn it off.
Compression and smoothing introduce lag by design. The goal is stability and clarity. If you want earlier but noisier signals, reduce smoothing and weights, and use static thresholds.
No indicator guarantees future results. TwinPulse Q Lead is a decision aid. It should be combined with your risk rules, position size policy, and a clear exit plan. Past behavior is not a promise for the future.
Frequently asked questions
What symbols are supported. Any symbol can be used as the chart symbol. Leadership uses the two user symbols which default to SPY and QQQ. Many traders may try IWM versus SPY or DIA versus SPY.
Can I change the timeframe. Yes, but the design target is one hour. On very short timeframes the VWAP slope becomes very sensitive and you should consider stronger filters.
Does the script repaint. No. It uses request security with lookahead off and the panel updates on the last bar only. Events are based on bar close conditions unless you attach alerts on any alert function call which will still respect the logic without looking into the future.
How are the strength numbers built. The strength score is the share of aligned votes across leadership, flow, ADX if enabled, and higher time frame confirmation if enabled. A value near one hundred means many filters agree. A value near fifty means partial alignment. It is not a probability or an accuracy number.
Can I use non standard chart types. You can view the indicator on them but do not publish signals from non standard chart types because that can mislead readers about timing. Use classic candles or bars when you publish and when you test.
Why do I sometimes see BUY but the price is not moving. A BUY mode requires pulse above the upper threshold and positive flow. It does not require higher highs immediately. Treat BUY as a permission to look for entries using your own execution rules.
Mystic Pulse V2.0 [CHE] Mystic Pulse V2.0 — Adaptive DI streaks with gradient intensity for clearer trend persistence
Summary
Mystic Pulse V2.0 measures directional persistence by counting how often the positive or negative directional index strengthens and dominates. These counts drive gradient colors for bars, wicks, and helper plots, so intensity reflects local momentum rather than absolute values. A windowed normalization and gamma control adapt the visuals to recent conditions, preventing one regime from overpowering the next. The result is an immediate, at-a-glance read of trend direction and stamina without relying on crossovers alone.
Motivation: Why this design?
Classical DI and ADX signals can flip during choppy phases or feel sluggish in calm regimes. This script focuses on persistence: it increments a positive or negative streak only when the corresponding directional pressure both strengthens compared with the prior bar and dominates the other side. Simple OHLC pre-smoothing reduces micro-noise, and local normalization keeps the scale relevant to the last segment of data, not a distant past.
What’s different vs. standard approaches?
Reference baseline: Traditional DI and ADX lines with crossovers and fixed-scale thresholds.
Architecture differences:
Wilder-style recursive smoothing on true range and directional movement.
Streak counters for positive and negative pressure that advance only on strengthening and dominance.
Windowed normalization and gamma shaping for visual intensity.
Wick coloring via `plotcandle` with forced overlay from a pane indicator.
Practical effect: Bars and wicks grow more vivid during sustained pressure and fade during indecision. The column plots show streak depth directly, which helps filter one-bar flips.
How it works (technical)
1. Pre-smoothing: Open, high, low, and close are averaged over a short simple moving window to dampen micro-ticks.
2. Directional inputs: True range and directional movement are formed from the smoothed prices, then recursively smoothed using a Wilder-style update that carries prior state forward.
3. DI comparison: The script derives positive and negative directional ratios relative to smoothed range. A side advances its streak when it increases compared with the previous bar and exceeds the opposite side. The other streak resets.
4. Trend score and color base: The difference between positive and negative streaks defines the active side.
5. Normalization and gamma: The absolute streak magnitude and each side’s streak are normalized within a rolling window. Gamma parameters reshape intensity so mid-range values are either compressed or emphasized.
6. Rendering:
Two column plots show positive and negative streak counts in the pane with gradient colors.
A square marker at the bottom uses the global gradient as a compact heat cue.
Bar colors on the main chart use either the gradient, neutral trend colors, or no paint depending on toggles.
Wick, border, and candle overlays are colored via `plotcandle` with forced overlay.
7. State handling: Smoothed values and counters persist across bars; initialization uses first available values without lookahead. No higher-timeframe requests are used, so repaint risk is limited to normal live-bar evolution.
Parameter Guide
Show neutral candles (fallback) — Paints main-chart bars in plain up or down colors when gradients are disabled — Default false — Use when you prefer simple up/down coloring.
Show last N shapes — Limits bottom square markers — Default 333 — Reduce if your chart gets cluttered.
ADX smoothing length — Controls the Wilder smoothing window for range and directional movement — Default 9 — Larger values increase stability but respond later.
OHLC SMA length — Pre-smoothing for inputs — Default 1 — Increase slightly on noisy assets to reduce flip risk.
Gradient barcolor — Enables gradient bar paint on the main chart — Default true — Turn off to use wicks only or neutral bars.
Wick coloring — Colors wicks, borders, and bodies via overlay — Default true — Disable if it conflicts with other overlays.
Gradient window — Lookback for local normalization — Default 100 — Shorter windows adapt faster; longer windows provide steadier intensity.
Gradient transparency — Overall transparency for gradient paints — Default 0 — Increase to make gradients subtler.
Gamma bars/shapes — Contrast for bar and shape intensity — Default 0.70 — Lower values brighten mid-tones; higher values compress them.
Gamma plots — Contrast for the column plots — Default 0.80 — Tune separately from bar intensity.
Wick transparency — Transparency for wick coloring — Default 0 — Raise to let price action show through.
Up/Down colors (dark and neon) — Base and accent colors for both directions — Defaults as provided — Adjust to match your chart theme.
Reading & Interpretation
Pane columns: The green column represents the positive streak count; the red column represents the negative streak count. Taller columns signal stronger persistence.
Gradient marker: The bottom square indicates the active side and persistence strength at a glance.
Main-chart bars and wicks: Color direction shows the dominant side; intensity reflects the normalized and gamma-shaped streak magnitude. Faded tones suggest weak or fading pressure.
Practical Workflows & Combinations
Trend following: Enter in the direction of the active side when the corresponding column expands over several bars. Confirm with structure such as higher highs and higher lows or lower highs and lower lows.
Exits and stops: Consider scaling out when intensity fades toward mid-range while structure stalls. Tighten stops after extended streaks or when wicks lose intensity.
Multi-asset/Multi-TF: Use defaults for liquid assets on intraday to swing timeframes. For highly volatile instruments, raise smoothing and the normalization window. For calm markets, lower them to regain sensitivity.
Behavior, Constraints & Performance
Repaint/confirmation: Values update during the live bar and stabilize after bar close. No historical repaint beyond normal live-bar updates.
security()/HTF: Not used; cross-timeframe repaint paths do not apply.
Resources: Declared `max_bars_back` two thousand; no explicit loops or arrays; plot and label limits are generous.
Known limits: Streak counters can remain elevated during slow reversals. Very short normalization windows can cause rapid intensity swings. Gaps or extreme spikes may temporarily distort intensity until the window adapts.
Sensible Defaults & Quick Tuning
Start with: ADX smoothing nine, OHLC SMA one, normalization window one hundred, gradient and wick coloring enabled, gamma around zero point seven to zero point eight.
Too many flips: Increase ADX smoothing and the normalization window; consider a small bump in OHLC SMA.
Too sluggish: Decrease ADX smoothing and the normalization window.
Colors overpower chart: Increase gradient and wick transparency or raise gamma to compress mid-tones.
What this indicator is—and isn’t
This is a visualization and signal layer that represents directional persistence and intensity. It does not issue trade entries or exits on its own and is not predictive. Use it alongside market structure, volume, and risk controls.
Disclaimer
The content, including any code, is for educational and informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument. Trading involves substantial risk, including the possible loss of principal. Past performance is not indicative of future results. Always do your own research and consider consulting a qualified professional.
XAUUSD 1H – FVG Buy/Sell Signals XAUUSD 1H – Fair Value Gap (FVG) Buy/Sell Signals (No Boxes)
What it is:
A clean, signal-only indicator for Gold on the 1-hour chart. It detects 3-bar Fair Value Gaps, waits for a deep retest, then confirms with strong candle structure + trend + ADX before printing a BUY/SELL arrow. No rectangles or clutter—just selective, high-quality signals.
Why it works:
Instead of chasing breakouts, the script hunts for imbalances (FVGs) where price often returns to “fair value.” It only fires when:
price revisits the gap by a configurable depth,
the candle closes beyond the far edge with a small buffer,
the candle body is ≥ ATR × K (confirms intent),
the broader trend (EMA-50/EMA-200) agrees, and
ADX (Wilder, manual) shows sufficient strength.
Key features
✅ Signal-only: arrows/labels—no boxes on chart.
✅ Deep retest logic (percentage of zone), not just a touch.
✅ Strong close filter (edge + buffer) + ATR body filter.
✅ Trend filter (EMA-50 vs EMA-200) to keep trades with the regime.
✅ ADX strength to avoid chop.
✅ One signal per zone (optional “delete on use”).
✅ Alerts for both BUY and SELL.
✅ Built for Pine v6, non-repainting logic on bar close.
Inputs you can tune
Min FVG size (pts) – ignore tiny gaps.
Retest depth (%) – how deep price must come back into the gap.
Close buffer (pts) – extra confirmation beyond zone edge.
Min body ≥ ATR× – candle strength requirement.
Min ADX – trend strength threshold.
Expire after X bars – keep zones fresh.
Delete zone after signal – true = one-shot signals.
How I use it
Apply to XAUUSD 1H.
Keep default filters for selective signals.
For more setups, lower Min FVG size or ADX and reduce retest depth; for stricter signals, do the opposite.
Combine with S/R or session timing (London/NY) for added confluence.
Notes
Signals are generated on bar close.
Designed for clarity and discipline—fewer, cleaner arrows over constant noise.
Works on other symbols/timeframes, but tuned for Gold 1H.
Tags: #XAUUSD #Gold #FVG #SmartMoney #1H #TrendFollowing #ADX #ATR #PineV6 #TradingView
Consolidation Range with Signals (Zeiierman)█ Overview
Consolidation Range with Signals (Zeiierman) is a precision tool for identifying and trading market consolidation zones, where price contracts into tight ranges before significant movement. It provides dynamic range detection using either ADX-based trend strength or volatility compression metrics, and offers built-in take profit and stop loss signals based on breakout dynamics.
Whether you trade breakouts, range reversals, or trend continuation setups, this indicator visualizes the balance between supply and demand with clearly defined mid-bands, breakout zones, and momentum-sensitive TP/SL placements.
█ How It Works
⚪ Multi-Method Range Detection
ADX Mode
Uses the Average Directional Index (ADX) to detect low-trend-strength environments. When ADX is below your selected threshold, price is considered to be in consolidation.
Volatility Mode
This mode detects consolidation by identifying periods of volatility compression. It evaluates whether the following metrics are simultaneously below their respective historical rolling averages:
Standard Deviation
Variance
Average True Range (ATR)
⚪ Dynamic Range Band System
Once a range is confirmed, the system builds a dynamic band structure using a volatility-based filter and price-jump logic:
Middle Line (Trend Filter): Reacts to price imbalance using adaptive jump logic.
Upper & Lower Bands: Calculated by expanding from the middle line using a configurable multiplier.
This creates a clean, visual box that reflects current consolidation conditions and adapts as price fluctuates within or escapes the zone.
⚪ SL/TP Signal Engine
On detection of a breakout from the range, the indicator generates up to 3 Take Profit levels and one Stop Loss, based on the breakout direction:
All TP/SL levels are calculated using the filtered base range and multipliers.
Cooldown logic ensures signals are not spammed bar-to-bar.
Entries are visualized with colored lines and labeled levels.
This feature is ideal for traders who want automated risk and reward reference points for range breakout plays.
█ How to Use
⚪ Breakout Traders
Use the SL/TP signals when the price breaks above or below the range bands, especially after extended sideways movement. You can customize how far TP1, TP2, and TP3 sit from the entry using your own risk/reward profile.
⚪ Mean Reversion Traders
Use the bands to locate high-probability reversion zones. These serve as reference zones for scalping or fade entries within stable consolidation phases.
█ Settings
Range Detection Method – Choose between ADX or Volatility compression to define range criteria.
Range Period – Determines how many bars are used to compute trend/volatility.
Range Multiplier – Scales the width of the consolidation zone.
SL/TP System – Optional levels that project TP1/TP2/TP3 and SL from the base price using multipliers.
Cooldown – Prevents repeated SL/TP signals from triggering too frequently.
ADX Threshold & Smoothing – Adjusts sensitivity of trend strength detection.
StdDev / Variance / ATR Multipliers – Fine-tune compression detection logic.
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Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Visually Layered OscillatorVisually Layered Oscillator User's Manual
Visually Layered Oscillator is a multi-oscillator designed to provide an intuitive visualization of RSI, MACD, ADX + DMI, allowing traders to interpret multiple signals at a glance.
It is designed to allow comparison within the same panel while maintaining the inherent meaning of each oscillator and compensating for visual distortion issues caused by size differences.
Component Overview
Item Description
RSI (x10) Displays relative buy/sell strength. Values above 70 are overbought; values below 30 are oversold.
MACD (3,16,10) Momentum indicator showing the difference between moving averages. Consists of lines and histograms
ADX ×50 + DMI Indicates the strength of the trend; ADX determines the strength of the trend and DMI determines whether it is buy/sell dominant.
White background color treatment Removes difficult-to-see grid lines to improve visibility.
🖥️ Screen Example
The panel is divided into the following three layers
mathematica
Copy
Edit
Top: ⬆️ RSI (purple)
Middle: 📈 MACD, Signal, Histogram + Color Fill
Bottom: 📉 ADX × 50, DMI+ / DMI- (Red, Blue, Orange)
TIP: If you zoom in on the indicators at a larger scale, you can see that each indicator is drawn at a different height level and placed in such a way that they do not overlap.
⚙️ Settings
Fast Length: MACD Quick Line Duration (Basic 3)
Slow Length: MACD slow line period (basic 16)
Smoothing: Signal line smoothing value (basic 10)
Notes and Tips
RSI × 10 and ADX × 50 are for visualization purposes only multiplied by multiples of the actual values. It does not affect the calculation and maintains the original RSI/ADX characteristics.
The MACD fill color visually highlights crossing conditions.
The background is treated in full white, making the indicator look clean without grid lines.
Rube Goldberg Top/Bottom Finder [theUltimator5]This is what I call the Rube Goldberg Top and Bottom Finder. It is an overly complex method of plotting a simple buy or sell label on a chart.
I utilize several standard TA techniques along with several of my own to try and locate ideal Buy/Sell conditions. I came up with the name because there are way too many conditional variables to come up with a single buy or sell condition, when most standard indicators use simple crossovers or levels.
There are two unique triggers that are calculated using completely independent techniques. If both triggers turn true within a small timeframe between each other, the buy/sell trigger turns true and plots a "buy" or "sell" label on the chart.
This indicator was designed to be fully functioning out of the box and can be customized only if the user wishes to. It is effective on all timeframes, but longer timeframes (daily +) may require signal length adjustment for best results.
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The signals used in the leading trigger are as follows:
(1)RSI
The user can select among any of the following moving averages (base is EMA) (#3) , and have an RSI generated at a user defined length (base is 14). (#4)
SMA, EMA, DEMA, TEMA, WMA, VWMA, SMMA, HMA, LSMA, ALMA
The user can select whether or not the RSI is filtered with the following options:
None, Kalman, Double EMA, ALMA
The filter conditions are hard coded to minimize the amount of selections that the user is required to make to reduce the user interface complexity.
The user can define overbought (base 70) and oversold (base 30) conditions. (#2)
When the RSI crosses above or below the threshold values, the plot will turn red. This creates condition 1 of the leading trigger.
(2) ADX and DI
This portion of the indicator is a derivative of my ADX Divergence and Gap Monitor indicator.
This technique looks at the ADX value as well as for spikes in either +DI or -DI for large divergences. When the ADX reaches a certain threshold and also outpaces a preset ADX moving average, this creates condition 2 of the leading trigger.
There is an additional built-in functionality in this portion of the indicator that looks for gaps. It triggers when the ADX is below a certain threshold value and either the +DI or -DI spike above a certain threshold value, indicating a sudden gap in price after a period of low volatility.
The user can set whether or nor to show when a gap appears on the chart or as a label on the plot below the chart (disabled by default) . If the user chooses to overlay gaps on the chart, it creates a horizontal fill showing the starting point of the gap. The theory here is that the price will return at some point in the near future to the starting point of the gap.
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(3) DI based Multi-Symbol reference and divergence
Part of the script computes both the +DI (positive directional index) and -DI (negative directional index) for the currently selected chart symbol and three reference symbols.
The averaged directional move of the reference symbols are compared to the current ticker on your chart and if the divergence exceeds a certain threshold, then the third condition of the trigger is met.
The components that are referenced are based on what stock/chart you are looking at. The script automatically detects if you are looking at a crypto, and uses a user selectable toggle between Large Cap or Small Cap. (#1) The threshold levels are determined by the asset type and market cap.
The leading trigger highlights under several conditions:
1) All (3) portions of the trigger result in true simultaneously
OR
2) Any of triggers 2 or 3 reach a certain threshold that indicates extreme market/price divergence as well as trigger 1 being overbought or oversold.
AND
3) If the trigger didn't highlight
For the lagging part of the trigger:
The lagging trigger is used as a confirmation after the leading trigger to indicate a possible optimized entry/exit point. It can also be used by itself, as well as the leading indicator.
The lagging indicator utilizes the parabolic Stop And Reverse (SAR). It utilizes the RSI length that is defined in portion 1 of the leading trigger as well as the overbought and oversold thresholds. I have found excellent results in catching reversals because it catches rate-of-change events rather than price reversals alone.
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When both the leading triggers FOLLOWED BY the lagging trigger result in true within a user defined timeframe, then the buy or sell trigger results in true, plotting a label on the chart.
All portions of the leading and lagging indicators can be toggled on or off, but most of them are toggled off by default in order to reduce noise on the plot.
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The leading, lagging, and buy/sell triggers each have built-in alerts that can be toggled on or off in the alert menu.
I have an optional built-in toggle to show green or red dots on the RSI line using two separate RSI lengths that are amplified and plot based on RSI divergence and strength. This can be used as a visual confirmation (or rejection) against the chart overlay plots.
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This indicator is not a strategy, so there are no built-in exits or stop losses.
Liquid Pulse Liquid Pulse by Dskyz (DAFE) Trading Systems
Liquid Pulse is a trading algo built by Dskyz (DAFE) Trading Systems for futures markets like NQ1!, designed to snag high-probability trades with tight risk control. it fuses a confluence system—VWAP, MACD, ADX, volume, and liquidity sweeps—with a trade scoring setup, daily limits, and VIX pauses to dodge wild volatility. visuals include simple signals, VWAP bands, and a dashboard with stats.
Core Components for Liquid Pulse
Volume Sensitivity (volumeSensitivity) controls how much volume spikes matter for entries. options: 'Low', 'Medium', 'High' default: 'High' (catches small spikes, good for active markets) tweak it: 'Low' for calm markets, 'High' for chaos.
MACD Speed (macdSpeed) sets the MACD’s pace for momentum. options: 'Fast', 'Medium', 'Slow' default: 'Medium' (solid balance) tweak it: 'Fast' for scalping, 'Slow' for swings.
Daily Trade Limit (dailyTradeLimit) caps trades per day to keep risk in check. range: 1 to 30 default: 20 tweak it: 5-10 for safety, 20-30 for action.
Number of Contracts (numContracts) sets position size. range: 1 to 20 default: 4 tweak it: up for big accounts, down for small.
VIX Pause Level (vixPauseLevel) stops trading if VIX gets too hot. range: 10 to 80 default: 39.0 tweak it: 30 to avoid volatility, 50 to ride it.
Min Confluence Conditions (minConditions) sets how many signals must align. range: 1 to 5 default: 2 tweak it: 3-4 for strict, 1-2 for more trades.
Min Trade Score (Longs/Shorts) (minTradeScoreLongs/minTradeScoreShorts) filters trade quality. longs range: 0 to 100 default: 73 shorts range: 0 to 100 default: 75 tweak it: 80-90 for quality, 60-70 for volume.
Liquidity Sweep Strength (sweepStrength) gauges breakouts. range: 0.1 to 1.0 default: 0.5 tweak it: 0.7-1.0 for strong moves, 0.3-0.5 for small.
ADX Trend Threshold (adxTrendThreshold) confirms trends. range: 10 to 100 default: 41 tweak it: 40-50 for trends, 30-35 for weak ones.
ADX Chop Threshold (adxChopThreshold) avoids chop. range: 5 to 50 default: 20 tweak it: 15-20 to dodge chop, 25-30 to loosen.
VWAP Timeframe (vwapTimeframe) sets VWAP period. options: '15', '30', '60', '240', 'D' default: '60' (1-hour) tweak it: 60 for day, 240 for swing, D for long.
Take Profit Ticks (Longs/Shorts) (takeProfitTicksLongs/takeProfitTicksShorts) sets profit targets. longs range: 5 to 100 default: 25.0 shorts range: 5 to 100 default: 20.0 tweak it: 30-50 for trends, 10-20 for chop.
Max Profit Ticks (maxProfitTicks) caps max gain. range: 10 to 200 default: 60.0 tweak it: 80-100 for big moves, 40-60 for tight.
Min Profit Ticks to Trail (minProfitTicksTrail) triggers trailing. range: 1 to 50 default: 7.0 tweak it: 10-15 for big gains, 5-7 for quick locks.
Trailing Stop Ticks (trailTicks) sets trail distance. range: 1 to 50 default: 5.0 tweak it: 8-10 for room, 3-5 for fast locks.
Trailing Offset Ticks (trailOffsetTicks) sets trail offset. range: 1 to 20 default: 2.0 tweak it: 1-2 for tight, 5-10 for loose.
ATR Period (atrPeriod) measures volatility. range: 5 to 50 default: 9 tweak it: 14-20 for smooth, 5-9 for reactive.
Hardcoded Settings volLookback: 30 ('Low'), 20 ('Medium'), 11 ('High') volThreshold: 1.5 ('Low'), 1.8 ('Medium'), 2 ('High') swingLen: 5
Execution Logic Overview trades trigger when confluence conditions align, entering long or short with set position sizes. exits use dynamic take-profits, trailing stops after a profit threshold, hard stops via ATR, and a time stop after 100 bars.
Features Multi-Signal Confluence: needs VWAP, MACD, volume, sweeps, and ADX to line up.
Risk Control: ATR-based stops (capped 15 ticks), take-profits (scaled by volatility), and trails.
Market Filters: VIX pause, ADX trend/chop checks, volatility gates. Dashboard: shows scores, VIX, ADX, P/L, win %, streak.
Visuals Simple signals (green up triangles for longs, red down for shorts) and VWAP bands with glow. info table (bottom right) with MACD momentum. dashboard (top right) with stats.
Chart and Backtest:
NQ1! futures, 5-minute chart. works best in trending, volatile conditions. tweak inputs for other markets—test thoroughly.
Backtesting: NQ1! Frame: Jan 19, 2025, 09:00 — May 02, 2025, 16:00 Slippage: 3 Commission: $4.60
Fee Typical Range (per side, per contract)
CME Exchange $1.14 – $1.20
Clearing $0.10 – $0.30
NFA Regulatory $0.02
Firm/Broker Commis. $0.25 – $0.80 (retail prop)
TOTAL $1.60 – $2.30 per side
Round Turn: (enter+exit) = $3.20 – $4.60 per contract
Disclaimer this is for education only. past results don’t predict future wins. trading’s risky—only use money you can lose. backtest and validate before going live. (expect moderators to nitpick some random chart symbol rule—i’ll fix and repost if they pull it.)
About the Author Dskyz (DAFE) Trading Systems crafts killer trading algos. Liquid Pulse is pure research and grit, built for smart, bold trading. Use it with discipline. Use it with clarity. Trade smarter. I’ll keep dropping badass strategies ‘til i build a brand or someone signs me up.
2025 Created by Dskyz, powered by DAFE Trading Systems. Trade smart, trade bold.
Machine Learning | Adaptive Trend Signals [Bitwardex]⚙️🧠Machine Learning | Adaptive Trend Signals
🔷Overview
Machine Learning | Adaptive Trend Signals is a Pine Script™ v6 indicator designed to visualize market trends and generate signals through a combination of volatility clustering, Gaussian smoothing, and adaptive trend calculations. Built as an overlay indicator, it integrates advanced techniques inspired by machine learning concepts, such as K-Means clustering, to adapt to changing market conditions. The script is highly customizable, includes a backtesting module, and supports alert conditions, making it suitable for traders exploring trend-based strategies and developers studying volatility-driven indicator design.
🔷Functionality
The indicator performs the following core functions:
• Volatility Clustering: Uses K-Means clustering to categorize market volatility into high, medium, and low states, adjusting trend sensitivity accordingly.
• Trend Calculation: Computes adaptive trend lines (SmartTrend) based on volatility-adjusted standard deviation, smoothed RSI, and ADX filters.
• Signal Generation: Identifies potential buy and sell points through trend line crossovers and directional confirmation.
• Backtesting Module: Tracks trade outcomes based on the SmartTrend3 value, displaying win rate and total trades.
• Visualization: Plots trend lines with gradient colors and optional signal markers (bullish 🐮 and bearish 🐻).
• Alerts: Provides configurable alerts for trend shifts and volatility state changes.
🔷Technical Methodology
Volatility Clustering with K-Means
The indicator employs a K-Means clustering algorithm to classify market volatility, measured via the Average True Range (ATR), into three distinct clusters:
• Data Collection: Gathers ATR values over a user-defined training period (default: 100 bars).
• Centroid Initialization: Sets initial centroids at the highest, lowest, and midpoint ATR values within the training period.
• Iterative Clustering: Assigns ATR data points to the nearest centroid, recalculates centroid means, and repeats until convergence.
• Dynamic Adjustment: Assigns a volatility state (high, medium, or low) based on the closest centroid, adjusting the trend factor (e.g., tighter for high volatility, wider for low volatility).
This approach allows the indicator to adapt its sensitivity to varying market conditions, providing a data-driven foundation for trend calculations.
🔷Gaussian Smoothing
To enhance signal clarity and reduce noise, the indicator applies Gaussian kernel smoothing to:
• RSI: Smooths the Relative Strength Index (calculated from OHLC4) to filter short-term fluctuations.
• SmartTrend: Smooths the primary trend line for a more stable output.
The Gaussian kernel uses a sigma value derived from the user-defined smoothing length, ensuring mathematically consistent noise reduction.
🔷SmartTrend Calculation
The pineSmartTrend function is the core of the indicator, producing three trend lines:
• SmartTrend: The primary trend line, calculated using a volatility-adjusted standard deviation, smoothed RSI, and ADX conditions.
• SmartTrend2: A secondary trend line with a wider factor (base factor * 1.382) for signal confirmation.
SmartTrend3: The average of SmartTrend and SmartTrend2, used for plotting and backtesting.
Key components of the calculation include:
• Dynamic Standard Deviation: Scales based on ATR relative to its 50-period smoothed average, with multipliers (1.0 to 1.4) applied according to volatility thresholds.
• RSI and ADX Filters: Requires RSI > 50 for bullish trends or < 50 for bearish trends, alongside ADX > 15 and rising to confirm trend strength.
Volatility-Adjusted Bands: Constructs upper and lower bands around price action, adjusted by the volatility cluster’s dynamic factor.
🔷Signal Generation
The generate_signals function generates signals as follows:
• Buy Signal: Triggered when SmartTrend crosses above SmartTrend2 and the price is above SmartTrend, with directional confirmation.
• Sell Signal: Triggered when SmartTrend crosses below SmartTrend2 and the price is below SmartTrend, with directional confirmation.
Directional Logic: Tracks trend direction to filter out conflicting signals, ensuring alignment with the broader market context.
Signals are visualized as small circles with bullish (🐮) or bearish (🐻) emojis, with an option to toggle visibility.
🔷Backtesting
The get_backtest function evaluates signal outcomes using the SmartTrend3 value (rather than closing prices) to align with the trend-based methodology.
It tracks:
• Total Trades: Counts completed long and short trades.
• Win Rate: Calculates the percentage of trades where SmartTrend3 moves favorably (higher for longs, lower for shorts).
Position Management: Closes opposite positions before opening new ones, simulating a single-position trading system.
Results are displayed in a table at the top-right of the chart, showing win rate and total trades. Note that backtest results reflect the indicator’s internal logic and should not be interpreted as predictive of real-world performance.
🔷Visualization and Alerts
• Trend Lines: SmartTrend3 is plotted with gradient colors reflecting trend direction and volatility cluster, accompanied by a secondary line for visual clarity.
• Signal Markers: Optional buy/sell signals are plotted as small circles with customizable colors.
• Alerts: Supports alerts for:
• Bullish and bearish trend shifts (confirmed on bar close).
Transitions to high, medium, or low volatility states.
🔷Input Parameters
• ATR Length (default: 14): Period for ATR calculation, used in volatility clustering.
• Period (default: 21): Common period for RSI, ADX, and standard deviation calculations.
• Base SmartTrend Factor (default: 2.0): Base multiplier for volatility-adjusted bands.
• SmartTrend Smoothing Length (default: 10): Length for Gaussian smoothing of the trend line.
• Show Buy/Sell Signals? (default: true): Enables/disables signal markers.
• Bullish/Bearish Color: Customizable colors for trend lines and signals.
🔷Usage Instructions
• Apply to Chart: Add the indicator to any TradingView chart.
• Configure Inputs: Adjust parameters to align with your trading style or market conditions (e.g., shorter ATR length for faster markets).
• Interpret Output:
• Trend Lines: Use SmartTrend3’s direction and color to gauge market bias.
• Signals: Monitor bullish (🐮) and bearish (🐻) markers for potential entry/exit points.
• Backtest Table: Review win rate and total trades to understand the indicator’s behavior in historical data.
• Set Alerts: Configure alerts for trend shifts or volatility changes to support manual or automated trading workflows.
• Combine with Analysis: Use the indicator alongside other tools or market context, as it is designed to complement, not replace, comprehensive analysis.
🔷Technical Notes
• Data Requirements: Requires at least 100 bars for accurate volatility clustering. Ensure sufficient historical data is loaded.
• Market Suitability: The indicator is designed for trend detection and may perform differently in ranging or volatile markets due to its reliance on RSI and ADX filters.
• Backtesting Scope: The backtest module uses SmartTrend3 values, which may differ from price-based outcomes. Results are for informational purposes only.
• Computational Intensity: The K-Means clustering and Gaussian smoothing may increase processing time on lower timeframes or with large datasets.
🔷For Developers
The script is modular, well-commented, encouraging reuse and modification with proper attribution.
Key functions include:
• gaussianSmooth: Applies Gaussian kernel smoothing to any data series.
• pineSmartTrend: Computes adaptive trend lines with volatility and momentum filters.
• getDynamicFactor: Adjusts trend sensitivity based on volatility clusters.
• get_backtest: Evaluates signal performance using SmartTrend3.
Developers can extend these functions for custom indicators or strategies, leveraging the volatility clustering and smoothing methodologies. The K-Means implementation is particularly useful for adaptive volatility analysis.
🔷Limitations
• The indicator is not predictive and should be used as part of a broader trading strategy.
• Performance varies by market, timeframe, and parameter settings, requiring user experimentation.
• Backtest results are based on historical data and internal logic, not real-world trading conditions.
• Volatility clustering assumes sufficient historical data; incomplete data may affect accuracy.
🔷Acknowledgments
Developed by Bitwardex, inspired by machine learning concepts and adaptive trading methodologies. Community feedback is welcome via TradingView’s platform.
🔷 Risk Disclaimer
Trading involves significant risks, and most traders may incur losses. Bitwardex AI Algo is provided for informational and educational purposes only and does not constitute financial advice or a recommendation to buy or sell any financial instrument . The signals, metrics, and features are tools for analysis and do not guarantee profits or specific outcomes. Past performance is not indicative of future results. Always conduct your own due diligence and consult a financial advisor before making trading decisions.
Smart Volume S/R Pro [The_lurker]مؤشر "Smart Volume S/R Pro " هو أداة تحليل فني متقدمة مصممة لمساعدة المتداولين في تحديد مستويات الدعم والمقاومة القوية بناءً على حجم التداول، مع إضافة ميزات تحليلية متطورة مثل تصفية الاتجاه ، مناطق الثقة ، تقييم القوة ، حساب احتمالية الاختراق ، قياس السيولة ، تحديد الأهداف السعرية ، ومستويات فيبوناتشي . وايضا تقديم تسميات (Labels) بجانب كل مستوى دعم ومقاومة، تحتوي على أرقام ومعلومات دقيقة تعكس حالة السوق. هذه التسميات ليست مجرد زينة، بل أدوات تحليلية تساعد المتداولين على اتخاذ قرارات مستنيرة بناءً على بيانات السوقيهدف هذا المؤشر إلى توفير رؤية شاملة للسوق .
الوظائف الرئيسية للمؤشر
1- تحديد مستويات الدعم والمقاومة بناءً على حجم التداول العالي
يقوم المؤشر بتحليل الأشرطة (Bars) السابقة (حتى 300 شريط افتراضيًا) لتحديد النقاط التي شهدت أعلى مستويات حجم التداول.
يرسم خطوط أفقية تمثل مستويات المقاومة (عند أعلى سعر في تلك الأشرطة) والدعم (عند أدنى سعر)، ويمكن للمستخدم اختيار عدد الخطوط المعروضة (من 1 إلى 6).
2- تصفية الاتجاه باستخدام مؤشر ADX
يستخدم المؤشر مؤشر الاتجاه المتوسط (ADX) لتقييم قوة الاتجاه في السوق.
عندما تكون قوة الاتجاه عالية (تتجاوز عتبة محددة، 25 افتراضيًا)، يقلل المؤشر عدد مستويات الدعم والمقاومة المعروضة للتركيز فقط على المستويات الأكثر أهمية.
3- مناطق الثقة الديناميكية
يضيف المؤشر مناطق حول مستويات الدعم والمقاومة بناءً على متوسط المدى الحقيقي (ATR)، مما يساعد المتداولين على تصور النطاقات التي قد يتفاعل فيها السعر مع هذه المستويات.
يمكن تعديل عرض هذه المناطق باستخدام مضاعف ATR.
4- تقييم قوة المستويات
يحسب المؤشر قوة كل مستوى بناءً على حجم التداول، عدد المرات التي تم اختبار المستوى فيها (Touch Count)، وقرب السعر الحالي من المستوى.
يتم عرض درجة القوة (من 0 إلى 100) بجانب كل مستوى إذا تم تفعيل هذه الخاصية.
5- احتمالية الاختراق
يقدّر المؤشر احتمالية اختراق كل مستوى بناءً على الزخم (ROC)، قوة المستوى، والمسافة بين السعر الحالي والمستوى.
يظهر الاحتمال كنسبة مئوية إذا تم تفعيل الخيار، مما يساعد المتداولين على توقع الحركات المحتملة.
6- تحليل السيولة التاريخية
يقيس المؤشر السيولة حول كل مستوى بناءً على حجم التداول في النطاقات القريبة منه.
يمكن عرض قيم السيولة في التسميات أو استخدامها لتعديل عرض الخطوط (الخطوط الأكثر سيولة تظهر أعرض).
7- الأهداف السعرية
عند تفعيل هذه الخاصية، يحسب المؤشر أهداف سعرية للاختراق (Breakout) والارتداد (Reversal) بناءً على الزخم وقوة المستوى وATR.
يمكن عرض هذه الأهداف كنصوص في التسميات أو كخطوط أفقية على الرسم البياني.
8- مستويات فيبوناتشي
يرسم المؤشر مستويات فيبوناتشي (0.0، 0.236، 0.382، 0.5، 0.618، 0.786، 1.0) بناءً على أعلى وأدنى سعر في فترة النظرة الخلفية.
يمكن للمستخدم اختيار أي من هذه المستويات لعرضها أو إخفائها.
9- تنبيه شامل للاختراق
يوفر المؤشر تنبيهًا واحدًا يشمل جميع المستويات، حيث يُطلق التنبيه عندما يخترق السعر أي مستوى دعم أو مقاومة مع رسالة توضح نوع الاختراق والمستوى المخترق.
كيفية عمل المؤشر
الخطوة الأولى: يحدد المؤشر الأشرطة ذات الحجم العالي خلال فترة النظرة الخلفية المحددة (Lookback Period).
الخطوة الثانية: يرسم مستويات الدعم والمقاومة بناءً على أعلى وأدنى الأسعار في تلك الأشرطة، مع مراعاة عدد الخطوط المختارة من المستخدم.
الخطوة الثالثة: يطبق مرشح الاتجاه (إذا كان مفعلاً) لتقليل عدد المستويات في حالة الاتجاه القوي.
الخطوة الرابعة: يضيف التحليلات الإضافية مثل القوة، السيولة، احتمالية الاختراق، والأهداف السعرية، ويرسم مناطق الثقة ومستويات فيبوناتشي حسب الإعدادات.
الخطوة الخامسة: يراقب السعر ويطلق تنبيهًا عند الاختراق.
الإعدادات القابلة للتخصيص
1- فترة النظرة الخلفية (Lookback Period): عدد الأشرطة التي يتم تحليلها (افتراضيًا 300).
2- عدد الخطوط (Number of Lines): من 1 إلى 6 مستويات دعم ومقاومة.
3- الألوان والأنماط: يمكن تغيير ألوان الخطوط وأنماطها (ممتلئة، متقطعة، منقطة).
4- التسميات: تفعيل/تعطيل التسميات، وحجمها، وموقعها، ولون النص.
5- مرشح الاتجاه: تفعيل/تعطيل ADX، وتعديل طوله وعتبته.
6- مناطق الثقة: تفعيل/تعطيل، وتعديل طول ATR ومضاعفه.
7- القوة واحتمالية الاختراق: تفعيل/تعطيل العرض، وتعديل طول ROC.
8- السيولة: تفعيل/تعطيل تأثير السيولة على عرض الخطوط وقيمها في التسميات.
9- الأهداف السعرية: تفعيل/تعطيل الأهداف وعرضها كخطوط.
10- فيبوناتشي: اختيار المستويات المعروضة ولون الخطوط.
فوائد المؤشر
دقة عالية: يعتمد على حجم التداول لتحديد المستويات، مما يجعله أكثر موثوقية من المستويات العشوائية.
مرونة: يوفر خيارات تخصيص واسعة تتيح للمتداولين تكييفه حسب استراتيجياتهم.
تحليل شامل: يجمع بين الدعم والمقاومة، الاتجاه، السيولة، والأهداف في أداة واحدة.
سهولة الاستخدام: التسميات والتنبيهات تجعل من السهل متابعة السوق دون تعقيد.
==================================================================================تسميات (Labels) بجانب كل مستوى دعم ومقاومة، تحتوي على أرقام ومعلومات دقيقة تعكس حالة السوق. هذه التسميات ليست مجرد زينة، بل أدوات تحليلية تساعد المتداولين على اتخاذ قرارات مستنيرة بناءً على بيانات السوق. في هذا الشرح، سنستعرض كل رقم أو قيمة تظهر في التسميات ومعناها العملي.
مكونات التسميات
التسميات تظهر بجانب كل مستوى دعم (Support) ومقاومة (Resistance) وتبدأ بحرف "S" للدعم أو "R" للمقاومة، تليها مجموعة من الأرقام والقيم التي يمكن تفعيلها أو تعطيلها حسب إعدادات المستخدم. إليك تفصيل كل عنصر:
1- عدد اللمسات (Touch Count)
الرمز: يظهر مباشرة بعد "S" أو "R" (مثال: "R: 5" أو "S: 3").
المعنى: يشير إلى عدد المرات التي اختبر فيها السعر هذا المستوى دون اختراقه.
الفائدة: كلما زاد عدد اللمسات، كلما كان المستوى أقوى وأكثر أهمية. على سبيل المثال، إذا كان "R: 5"، فهذا يعني أن السعر ارتد من هذا المستوى 5 مرات، مما يجعله مقاومة قوية محتملة.
2- قوة المستوى (Strength Rating)
الرمز: يظهر بين قوسين مربعين (مثال: " ").
المعنى: قيمة من 0 إلى 100 تعكس قوة المستوى بناءً على عوامل مثل حجم التداول، عدد اللمسات، وقرب السعر الحالي من المستوى.
الفائدة: القيم العالية (مثل 75 أو أكثر) تشير إلى مستوى قوي يصعب اختراقه، بينما القيم المنخفضة (مثل 30 أو أقل) تدل على ضعف المستوى وسهولة اختراقه. يمكن للمتداول استخدام هذا لتحديد المستويات الأكثر موثوقية.
3- احتمالية الاختراق (Breakout Probability)
الرمز: يبدأ بحرف "B" متبوعًا بنسبة مئوية (مثال: "B: 60%").
المعنى: نسبة من 0% إلى 100% تُظهر احتمالية اختراق السعر للمستوى بناءً على الزخم الحالي، قوة المستوى، والمسافة بين السعر والمستوى.
الفائدة: نسبة مرتفعة (مثل 60% أو أكثر) تعني أن السعر قد يخترق المستوى قريبًا، بينما النسب المنخفضة (مثل 20%) تشير إلى احتمال ارتداد السعر. هذا مفيد لتوقع الحركة التالية.
4- قيمة السيولة (Liquidity Value)
الرمز: يبدأ بحرف "L" متبوعًا برقم (مثال: "L: 1200").
المعنى: يمثل متوسط حجم التداول في النطاق القريب من المستوى، مما يعكس السيولة التاريخية حوله.
الفائدة: القيم العالية تدل على وجود سيولة كبيرة، مما يعني أن السعر قد يتفاعل بقوة مع هذا المستوى (إما بالارتداد أو الاختراق). القيم المنخفضة تشير إلى سيولة ضعيفة، مما قد يجعل المستوى أقل تأثيرًا.
5- الأهداف السعرية (Price Targets)
الرمز: يبدأ بـ "BT" (هدف الاختراق) و"RT" (هدف الارتداد) متبوعين بأرقام (مثال: "BT: 150.50 RT: 148.20").
المعنى:
BT (Breakout Target): السعر المحتمل الذي قد يصل إليه السعر بعد اختراق المستوى.
RT (Reversal Target): السعر المحتمل الذي قد يصل إليه السعر إذا ارتد من المستوى.
الفائدة: تساعد المتداولين في تحديد نقاط الخروج المحتملة بعد الاختراق أو الارتداد، مما يسهل وضع خطة تداول دقيقة.
أمثلة عملية
تسمية مقاومة: "R: 4 B: 25% L: 1500 BT: 155.00 RT: 152.00"
المستوى اختُبر 4 مرات، قوته 80 (قوي جدًا)، احتمالية الاختراق 25% (منخفضة، أي احتمال ارتداد أعلى)، السيولة 1500 (مرتفعة)، هدف الاختراق 155.00، هدف الارتداد 152.00.
الاستنتاج: المستوى قوي ومن المرجح أن يرتد السعر منه، لكن إذا اخترق، فقد يصل إلى 155.00.
تسمية دعم: "S: 2 B: 70% L: 800 BT: 145.00 RT: 147.50"
المستوى اختُبر مرتين، قوته 40 (متوسطة إلى ضعيفة)، احتمالية الاختراق 70% (مرتفعة)، السيولة 800 (متوسطة)، هدف الاختراق 145.00، هدف الارتداد 147.50.
الاستنتاج: المستوى ضعيف ومن المحتمل أن يخترقه السعر ليهبط إلى 145.00.
كيفية الاستفادة من التسميات
تحديد القوة والضعف: استخدم قوة المستوى (Strength) لمعرفة ما إذا كان المستوى موثوقًا للارتداد أو عرضة للاختراق.
توقع الحركة: انظر إلى احتمالية الاختراق (Breakout Probability) لتحديد ما إذا كنت ستنتظر اختراقًا أو ترتدًا.
إدارة المخاطر: استخدم الأهداف السعرية (BT وRT) لتحديد نقاط جني الأرباح أو وقف الخسارة.
تقييم السيولة: ركز على المستويات ذات السيولة العالية لأنها غالبًا تكون نقاط تحول رئيسية في السوق.
تأكيد التحليل: ادمج عدد اللمسات مع القوة والسيولة للحصول على صورة كاملة عن أهمية المستوى.
تخصيص التسميات
يمكن للمستخدم تفعيل أو تعطيل أي من هذه القيم (القوة، الاحتمالية، السيولة، الأهداف) من إعدادات المؤشر.
يمكن أيضًا تغيير حجم التسميات (صغير، عادي، كبير)، موقعها (يمين، يسار، أعلى، أسفل)، ولون النص لتناسب احتياجاتك.
التسميات في هذا المؤشر هي بمثابة لوحة تحكم صغيرة بجانب كل مستوى دعم ومقاومة، تقدم لك معلومات فورية عن قوته، احتمالية اختراقه، سيولته، وأهدافه السعرية. بفهم هذه الأرقام، يمكنك تحسين قراراتك في التداول، سواء كنت تبحث عن نقاط دخول، خروج، أو إدارة مخاطر. إذا كنت تريد أداة تجمع بين البساطة والعمق التحليلي .
تنويه:
المؤشر هو أداة مساعدة فقط ويجب استخدامه مع التحليل الفني والأساسي لتحقيق أفضل النتائج.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView.
The Smart Volume S/R Pro indicator is an advanced technical analysis tool designed to help traders identify strong support and resistance levels based on trading volume, with the addition of advanced analytical features such as trend filtering, confidence zones, strength assessment, breakout probability calculation, liquidity measurement, price target identification, and Fibonacci levels. It also provides labels next to each support and resistance level, containing accurate numbers and information that reflect the market condition. These labels are not just decorations, but analytical tools that help traders make informed decisions based on market data. This indicator aims to provide a comprehensive view of the market.
Main functions of the indicator
1- Identifying support and resistance levels based on high trading volume
The indicator analyzes previous bars (up to 300 bars by default) to identify the points that witnessed the highest levels of trading volume.
It draws horizontal lines representing resistance levels (at the highest price in those bars) and support (at the lowest price), and the user can choose the number of lines displayed (from 1 to 6).
2- Filtering the trend using the ADX indicator
The indicator uses the Average Directional Index (ADX) to assess the strength of a trend in the market.
When the strength of the trend is high (exceeding a specified threshold, 25 by default), the indicator reduces the number of support and resistance levels displayed to focus only on the most important levels.
3- Dynamic Confidence Zones
The indicator adds zones around support and resistance levels based on the Average True Range (ATR), helping traders visualize the ranges in which the price may interact with these levels.
The width of these zones can be adjusted using the ATR multiplier.
4- Assessing the Strength of Levels
The indicator calculates the strength of each level based on trading volume, the number of times the level has been tested (Touch Count), and the proximity of the current price to the level.
A strength score (from 0 to 100) is displayed next to each level if this feature is enabled.
5- Breakout Probability
The indicator estimates the probability of breaking each level based on momentum (ROC), the strength of the level, and the distance between the current price and the level.
The probability is displayed as a percentage if the option is enabled, helping traders anticipate potential moves.
6- Historical Liquidity Analysis
The indicator measures liquidity around each level based on the trading volume in the ranges near it.
The liquidity values can be displayed in the labels or used to adjust the width of the lines (the most liquid lines appear wider).
7- Price Targets
When this feature is enabled, the indicator calculates price targets for breakout and reversal based on momentum, level strength and ATR.
These targets can be displayed as text in the labels or as horizontal lines on the chart.
8- Fibonacci Levels
The indicator plots Fibonacci levels (0.0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0) based on the highest and lowest price in the lookback period.
The user can choose which of these levels to display or hide.
9- Comprehensive Breakout Alert
The indicator provides a single alert that includes all levels, where the alert is triggered when the price breaks any support or resistance level with a message explaining the type of breakout and the level broken.
How the indicator works
Step 1: The indicator identifies the bars with high volume during the specified Lookback Period.
Step 2: Draws support and resistance levels based on the highest and lowest prices in those bars, taking into account the number of lines selected by the user.
Step 3: Apply the trend filter (if enabled) to reduce the number of levels in case of a strong trend.
Step 4: Adds additional analyses such as strength, liquidity, breakout probability, and price targets, and draws confidence zones and Fibonacci levels according to the settings.
Step 5: Monitors the price and triggers an alert when the breakout occurs.
Customizable Settings
1- Lookback Period: Number of bars to analyze (default 300).
2- Number of Lines: From 1 to 6 support and resistance levels.
3- Colors and Styles: Line colors and styles can be changed (filled, dashed, dotted).
4- Labels: Enable/disable labels, their size, location, and text color.
5- Trend Filter: Enable/disable ADX, and modify its length and threshold.
6- Confidence Zones: Enable/disable, and modify the ATR length and multiplier.
7- Strength and Breakout Probability: Enable/disable the display, and modify the ROC length.
8- Liquidity: Enable/disable the effect of liquidity on the display of the lines and their values in the labels.
9- Price Targets: Enable/disable the targets and display them as lines.
10- Fibonacci: Choose the displayed levels and the color of the lines.
Indicator Benefits
High Accuracy: It relies on trading volume to determine the levels, which makes it more reliable than random levels.
Flexibility: It provides extensive customization options that allow traders to adapt it to their strategies.
Comprehensive Analysis: Combines support and resistance, trend, liquidity, and targets in one tool. Ease of Use: Labels and alerts make it easy to follow the market without complexity.
Labels next to each support and resistance level contain accurate numbers and information that reflect the market situation. These labels are not just decorations, but analytical tools that help traders make informed decisions based on market data. In this explanation, we will review each number or value that appears in the labels and their practical meaning.
Label Components
Labels appear next to each support and resistance level and begin with the letter "S" for support or "R" for resistance, followed by a set of numbers and values that can be enabled or disabled according to the user's settings. Here is a breakdown of each element:
1- Touch Count
Symbol: Appears immediately after "S" or "R" (example: "R: 5" or "S: 3").
Meaning: Indicates the number of times the price has tested this level without breaking it.
Benefit: The more touches, the stronger and more important the level. For example, if it is "R: 5", it means that the price has bounced off this level 5 times, making it a potentially strong resistance.
2- Strength Rating
Symbol: Appears between square brackets (example: " ").
Meaning: A value from 0 to 100 that reflects the strength of the level based on factors such as trading volume, number of touches, and proximity of the current price to the level.
Benefit: High values (such as 75 or more) indicate a strong level that is difficult to break, while low values (such as 30 or less) indicate a weak level that is easy to break. A trader can use this to determine the most reliable levels.
3- Breakout Probability
Symbol: Starts with the letter "B" followed by a percentage (example: "B: 60%").
Meaning: A percentage from 0% to 100% that shows the probability of the price breaking the level based on the current momentum, the strength of the level, and the distance between the price and the level.
Interest: A high percentage (such as 60% or more) means that the price may soon break through the level, while low percentages (such as 20%) indicate that the price may bounce. This is useful for anticipating the next move.
4- Liquidity Value
Symbol: Starts with the letter "L" followed by a number (example: "L: 1200").
Meaning: Represents the average trading volume in the range near the level, reflecting historical liquidity around it.
Interest: High values indicate high liquidity, meaning that the price may react strongly to this level (either by bouncing or breaking through). Low values indicate low liquidity, which may make the level less influential.
5- Price Targets
Symbol: Starts with "BT" (breakout target) and "RT" (rebound target) followed by numbers (example: "BT: 150.50 RT: 148.20").
Meaning:
BT (Breakout Target): The potential price that the price may reach after breaking the level.
RT (Reversal Target): The potential price that the price may reach if it rebounds from the level.
Utility: Helps traders identify potential exit points after a breakout or rebound, making it easier to develop an accurate trading plan.
Working examples
Resistance label: "R: 4 B: 25% L: 1500 BT: 155.00 RT: 152.00"
Level tested 4 times, strength 80 (very strong), probability of breakout 25% (low, i.e. higher probability of rebound), liquidity 1500 (high), breakout target 155.00, rebound target 152.00.
Conclusion: The level is strong and the price is likely to rebound from it, but if it breaks, it may reach 155.00.
Support Label: "S: 2 B: 70% L: 800 BT: 145.00 RT: 147.50"
Level tested twice, Strength 40 (medium to weak), Breakout Probability 70% (high), Liquidity 800 (medium), Breakout Target 145.00, Rebound Target 147.50.
Conclusion: The level is weak and the price is likely to break it to drop to 145.00.
How to use labels
Determine strength and weakness: Use the level's strength to see if the level is reliable for a bounce or vulnerable to a breakout.
Predict the move: Look at the Breakout Probability to determine whether to wait for a breakout or a bounce.
Risk Management: Use price targets (BT and RT) to set take profit or stop loss points.
Liquidity Evaluation: Focus on levels with high liquidity as they are often key turning points in the market.
Analysis Confirmation: Combine the number of touches with strength and liquidity to get a complete picture of the level’s importance.
Customize Labels
The user can enable or disable any of these values (strength, probability, liquidity, targets) from the indicator settings.
The size of the labels (small, normal, large), their position (right, left, top, bottom), and the color of the text can also be changed to suit your needs.
The labels in this indicator act as a small dashboard next to each support and resistance level, providing you with instant information about its strength, probability of breakout, liquidity, and price targets. By understanding these numbers, you can improve your trading decisions, whether you are looking for entry points, exit points, or risk management. If you want a tool that combines simplicity with analytical depth.
Disclaimer:
The indicator is an auxiliary tool only and should be used in conjunction with technical and fundamental analysis for best results.
Disclaimer
The information and posts are not intended to be, or constitute, any financial, investment, trading or other types of advice or recommendations provided or endorsed by TradingView.
Trade Quality Rating: signal rating from 1 to 5 starsOverview
The indicator is built to generate trading signals based on a combination of technical indicators and then assign each signal a quality rating from 1 to 5 stars. The idea is that the more filters that are met, the stronger (or higher quality) the signal is assumed to be. You can then use these quality ratings to decide which signals to act upon, keeping in mind that a higher-rated signal has more confirming factors.
Components of the Indicator
Simple Moving Averages (SMAs):
SMA9 and SMA20:
These two moving averages are used to detect short-term trend changes via crossovers. A bullish signal is generated when the SMA9 crosses above the SMA20, and a bearish signal when it crosses below.
SMA200 (on the current timeframe) & Daily SMA200:
The SMA200 on your current chart helps smooth out the price action.
The Daily SMA200 serves as a long-term trend filter. For a valid long signal, the price must be above the Daily SMA200, and vice versa for a short signal.
MACD (Moving Average Convergence Divergence):
The MACD is calculated using standard parameters (12, 26, 9).
It adds momentum confirmation to the signal. For a long trade, the MACD line should be above its signal line, and for a short trade, below.
RSI (Relative Strength Index):
Calculated with a 14-period setting.
For long signals, the RSI must be above 50 (indicating upward momentum), while for short signals, it should be below 50.
This filter is one of the additional conditions that add to the quality rating.
Volume Filter:
A 20-period moving average of volume is computed.
The current volume must exceed this average, suggesting that there is enough market participation backing the move.
This is another extra filter that adds to the overall quality score.
ADX (Average Directional Index):
The ADX is manually calculated in the script (using a 14-period setting) to gauge the strength of the trend.
A value above 25 is considered to confirm that a strong trend is in place, making the signal more reliable.
VWAP (Volume Weighted Average Price):
The session VWAP is computed on a daily basis.
For long trades, the price should be above the VWAP, and for short trades, below.
This serves as a confirmation that the current price is moving in the right direction relative to the volume-weighted average.
Signal Generation and Quality Rating
Base Signal (1 Star):
The fundamental trade signal is generated when the SMA9/SMA20 crossover occurs, in combination with the MACD confirmation and the condition that the price is on the correct side of the Daily SMA200. This base signal provides a 1-star quality rating.
Additional Filters (Adding Extra Stars):
RSI Filter: Adds 1 extra star if the RSI condition is met (RSI > 50 for long or RSI < 50 for short).
Volume Filter: Adds 1 extra star if the current volume exceeds its 20-period moving average.
ADX Filter: Adds 1 extra star if the ADX value is above 25, confirming a strong trend.
VWAP Filter: Adds 1 extra star if the price is above the VWAP for long trades (or below for short trades).
When all filters are met, you get a 5-star rating (1 star base + 4 extra stars).
Display and Alerts:
The indicator plots your SMAs on the chart.
When a signal occurs, it places a label on the chart showing the trade direction ("BUY" or "SELL") along with the quality rating in stars.
Additionally, alert conditions are set up so that you can receive notifications when a valid signal (based on the base criteria) is generated.
How to Use This Indicator
Filtering Trades:
Use the quality rating as a visual guide. For instance, if you want to only act on the most reliable setups, you might decide to trade only signals that are rated 4 or 5 stars.
Manual Confirmation:
Even with a high star rating, you can perform your own final checks (e.g., checking price action or additional chart patterns) before entering a trade.
Backtesting and Adjustment:
Because market conditions differ, it’s advisable to backtest the indicator on your instrument of choice and adjust the parameters (such as the ADX threshold or the period for volume averaging) to better suit your trading style.
Conclusion
This 5-star system indicator is designed to provide a comprehensive overview of trade quality by integrating multiple technical filters into one visual signal. It helps filter out noise by ensuring that a trade signal not only meets a basic SMA and MACD condition but also aligns with volume, trend strength (ADX), and VWAP criteria. This multi-layered approach can lead to fewer but higher quality trades, allowing you to focus on setups that have more confluence.
Happy trading!
HMM Regime IndicatorHMM Regime Indicator
Overview:
The HMM Regime Indicator is designed to help traders identify market regimes by analyzing trend strength, momentum, and price deviation. It uses a combination of the Average Directional Index (ADX), Relative Strength Index (RSI), and Commodity Channel Index (CCI) to classify market conditions into three distinct regimes: Bullish, Bearish, and Sideways.
Key Features:
ADX (Average Directional Index): Measures the strength of a trend. A high ADX value indicates a strong trend, while a low value suggests a weak or non-existent trend.
RSI (Relative Strength Index): Identifies overbought or oversold conditions. An RSI above 70 typically indicates overbought conditions, while an RSI below 30 suggests oversold conditions.
CCI (Commodity Channel Index): Evaluates the price deviation from its average. High CCI values indicate that prices are well above their average, while low values suggest prices are below their average.
Regime Detection:
Bullish Regime: Identified when the ADX indicates a strong trend, and both RSI and CCI suggest overbought conditions. This regime is marked with a green background on the chart.
Bearish Regime: Detected when the ADX shows a strong trend, and both RSI and CCI indicate oversold conditions. This regime is highlighted with a red background.
Sideways Regime: Occurs when neither bullish nor bearish conditions are met, suggesting a lack of strong directional movement. This regime is shown with a blue background.
Usage:
This indicator is useful for traders looking to understand the current market environment and adjust their strategies accordingly. By identifying the prevailing market regime, traders can make more informed decisions about entering or exiting trades.
Customization:
Users can adjust the input parameters for ADX, RSI, and CCI to better fit their trading style and the specific asset being analyzed. The default settings are optimized for general use but can be tailored to suit individual preferences.
